Introduct ion: Gold (XAU/USD) has recently exhibited a notable pattern on the H4 timeframe, signaling a potential trading opportunity. 📉 A double top formation has emerged, suggesting a shift in market sentiment and a possible trend reversal. This analysis will delve into the implications of this pattern and identify potential trading levels for short-selling...
Bitcoin has surged to impressive heights, marking a remarkable 26-month high as it soared to $53,360, a gain of over 4.6% within just 24 hours. Analysts are buzzing with excitement, with some like Ali Martinez pointing out the significant activity among Bitcoin whales. 🐋 These major players in the crypto market seem to be going parabolic, indicating a bullish...
Hey Everyone, Yesterday we stated that Ema5 has locked below 2030 leaving the swing range now open but ultimately we are looking for the 2036 retest again with a cross and lock to open the range above. - This played out once again with the bounce from the retracement range into 2036. We also now have ema5 cross and lock above 2036 opening the range above....
New DCA on Near. 2.6$-2.3$ expressed high volume, plus we received confirmation of a new higher high. Retesting I expect support at this level.There is the 0.318 Fibonacci level. Below if comes scale 200DMA plus 0.5 fib level
Hey Everyone, And off to a piptastic start with our chart idea playing out, as analysed. Yesterday we stated that we have resistance at 2036 for a immediate bullish target and 2030, as our bearish level target. Both these levels were hit and complete today bouncing between the levels until one broke. We are now seeing price at the retracement level giving...
A good earning report can pop the price of TSX:RY to the upper channel line. 3 reasons why? 1. A decisive move about the parallel channels line will signal the end of the correction marked by me on the chart as the abc correction. 2. But if the report is negative or more precisely the market view of the report is negative we could stay in the correction for...
My dear subscribers, USDJPY looks like it will make a good move, and here are the details: The market is trading on 150.42 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 150.59 About Used Indicators: The average true range ATR plays an important role in 'Supertrend'...
Most Asian currencies fell on Monday, while the dollar regained momentum as investors were cautious ahead of a series of signals on interest rates and inflation in the US this weekend. Anticipation of some regional economic signals - particularly data on Japanese inflation and China's purchasing managers index - also has traders nervous, especially amid anxiety....
Hey Everyone, Please see our updated 1h chart levels and targets for the coming week. We are seeing price play between support 2030 Goldturn and resistance at 2036 Goldlturn for a test and break on either Goldturn to confirm the next range. We have resistance at 2036 for a immediate bullish target and 2030, as our bearish level target. We will see price range...
Hey Everyone, Please see our updated 4h chart levels and targets for the coming week. We are seeing price break 2033 but EMA5 is lagging behind. Although we have open target now at 2042, we will need to see ema5 cross and lock above 2033 to open the full range 2042 and 2052. We have support now at 2033 and our bearish retracement zone at 2022. We will need to...
Hey Everyone, Please see our daily chart idea that we have been tracking for a while now, which is playing out and respecting dynamics perfectly. Previously we got the 2043 hit, as analysed and we advised that we will be waiting to see either ema5 cross and lock above 2043 to open the range above or a new Goldturn formation below 2043 to confirm rejection into...
Hey Everyone, This is our monthly chart long term projection chart. We have been tracking this chart since July 2023, which we saw completed hitting all our targets perfectly with a perfect finish on the channel top. We then tracked the rejection from the channel top into the monthly chart detachment highlighted by the circle with room still left at 1987 for a...
We have 2 trade ideas for the upcoming trading week Short trade: broken trendline and retested with a bullish candlestick closing on the trendline with a following bearish candle stick closing. next clear support area should get tapped which i boxed up. great risk to reward setup Buy trade: If we break above the boxed zone where it broken the trend line and...
Upwards movement Strong push for Badger breaking out a of a downtrend. Wait for the retest. Sendinment for badger is high. Look to take profit at resistance level: 4.2197 4.5475 Downwards movement Caution, if BTC has a small pull back the breakout could be invalidated and the price will move downwards. Read more on Badger badger.com
Overview I can't shake the feeling that a large market correction is around the corner and at the same time the market contradicts my sentiments by appearing stronger every day. So I decided to investigate the 1 Year Treasury Note ( TVC:US01Y ) which is directly affected by Fed Rates to see how the market correlated to those changes in the past. What I found...
Hey Everyone, A piptastic finish to the week smashing both our 1H and 4h chart idea. After the rejection at 2033 earlier this week yesterday we advised that we will need to see ema5 cross and lock below 2022 to re-open the retracement range below or failure to lock below 2022 will see support here for a re-test at 2033. EMA5 failed to cross and lock below 2022...
The dollar edged lower in early European trade on Thursday, with risk sentiment buoyed by Nvidia's strong earnings, while traders awaited the release of business activity surveys. important for finding clues about the health of the global economy. At 04:10 ET (09:10 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, was...
Hey Everyone, This is the 4H chart idea we share Sunday, which has played out perfectly. We started the week with our bullish targets hit with ema5 cross and lock above 2011 opening and confirming 2022 and 2033. - Both of these targets were hit!!! Ema5 failed to cross and lock above 2033 confirming the rejection now into 2022, as support. We will need to...