Last week, US Crude Oil increased and made a new top. In the coming days, we are expecting the price to lose momentum and start a bearish pullback. We will wait for a trendline breakout, followed by a small flag to act as our confirmation. If not, the pair could continue and rise slowly. Trade with care. Best regards, Financial Flagship Disclaimer:...
The pair looks like it is making a complex consolidation pattern for more bearish continuation. For this week we expect a breakout from the blue rectangle that can push the price towards the resistance area. After this move is completed, we expect the price to fall and break the weekly support. The trigger for the bullish move inside the correction could be the...
Last week, we were expecting the Australian Dollar to reach the resistance level highlighted on the chart. Instead, the price gained some bullish momentum and made an unsuccessful attempt to break the support level. In the coming week, we expect the price to begin a bullish move that will test the resistance area highlighted on the chart. We recommend caution...
In our previous outlook, we correctly anticipated USDJPY to make a small pullback and test the resistance area. For next week, we expect the price to fall into a consolidation that can push the price towards the blue trendline. From there we will study the price action and decide if we will continue the bearish momentum or make one more top. Keep in mind that we...
After trading in a wedge pattern for quite some time now BTCUSD seems to have exhausted itself with some pretty big wicks on the H1, and what appears to be a stop hunt on the H4. Looking for BTCUSD to go long back up to the upside of the wedge and potentially break out to new heights after the most recent bearish market over the past few weeks. My opinion is...
Hello Fellow Traders, The look of the current TSLA chart has me thinking more downside is likely. After the plunge through my $577 support line, it came back up to test that level and rejected it as resistance. Based on my S/R lines, there doesn’t look like there is much price support until the $557 level. We saw a break of the $577 level in early March, and we...
GOOD BREAKOUT TO GO LONG IN MARICO LTD
CLEAR BREAKOUT IN CHOLAMANDALAM FINANCIA HOLDING LTD
Entry details are shown on the chart. We're only looking for TP3. Trade history can be seen below this trade idea too for full transparency. ------------------------------------------ I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily. Jumping on random trade ideas 'willy-nilly'...
Hi traders! SPY / SPX is at all-time highs and traders are beginning to short. As we have seen in the Ethereum run-up, this behavior can lead to a short-squeeze fiesta. Ironically, more shorts lead to higher highs, until the very top - from where price finally breaks down for good. Have we made the top? We don't know, so we can focus on smaller timeframes and...
shooting star pattern in Price Action range Rising prices and declining volumes As a result of falling to the bottom of the canal 1 hour time frame not financial advice
In our last forecast, we correctly anticipated Natgas to start a pullback underneath the trendline. In the coming week, we expect the price to drop from the resistance level towards the support area. Trade with care. Best regards, Financial Flagship Disclaimer: The analysis provided is purely informative and it should not be used as financial advice....
The Silver market ranged the entire trading week. In the coming days, we anticipate the price to breakout from the consolidation pattern and reach the support area. After this corrective move is completed, we expect the price to resume its weekly bullish trend. Don’t forget that we are in a strong weekly bullish trend and in the medium-term to long-term we expect...
Gold moved slow inside the channel the entire trading week. For this week, we are expecting Gold to start a bearish pullback towards the support area. Our confirmation for this move will be a breakout of the blue trendline, followed by a small correction underneath. If not, the price may continue to increase inside our channel. Trade with care. Best...
The British Pound corrected the whole week and sits around the same area as it did at the Monday opening bell. For this week, we expect the price to start a bearish move towards the support level, but this might happen after we break the top once more. In any case, we will focus only on the sell setups. Trade with care. Best regards, Financial Flagship ...
In our past analysis, we correctly forecasted that EURUSD will go on and break the top and start a bearish move from the upper channel line. This move was triggered by the strong PCE Inflation report which increased by 0.6% month-over-month as personal spending rose 0.5%. For this week, we expect the price to make a pullback and continue to drop at least towards...
Trend is negative. Find a good rise to sell!
In our previous analysis, we expected Copper to test the support level before resuming the bullish trend. Instead, the price started the bullish move without testing the support level. In this context, we expect a pullback to occur around the orange trendline that will act as a trigger for a bullish move that will break the previous high. Trade with care. Best...