ATOM (Cosmos) has recently encountered a resistance level at $12.00, experiencing a rejection that prompted a retracement to the $10.00 - $10.50 support zone. Here's a breakdown of the key analysis: Key Points: Resistance at $12.00: ATOM faced resistance at the $12.00 level, resulting in a pullback. This level is now a critical point to monitor for potential...
Trade Setup for CAKE/USDT: Long Position Analysis: CAKE is exhibiting a symmetrical triangle pattern, indicating a potential breakout with a strong rebound. The current market trend supports a bullish outlook. Entry: Entry Point: Current Market Price (CMP) Additional Positions: Consider adding more if the price drops to $2.38. Targets: $2.56 $2.7 $2.9 $3.2 Stop...
Trade Setup for BAKE/USDT: Long Position Analysis: BAKE has broken out of a falling wedge pattern, indicating a potential reversal. The current market situation involves a retest after the breakout. Entry: Entry Point: Current Market Price (CMP) Additional Positions: Consider adding more if the price drops to...
Hi Fellow Realistic Traders. Here's my latest price action analysis on Oil! The oil market has recently witnessed a significant head and shoulders pattern breakout, signaling a clear shift towards a bearish reversal scenario. Subsequently, the price has persistently descended below the EMA200 line, affirming the establishment of a robust downtrend. Further...
While it seems unlikely that US CPI data will influence the FOMC's policy decision this week, the market will keep an eye on the m/m core CPI data. If this index exceeds expectations, current inflationary pressures will certainly affect the timing of interest rate cuts in the future, however if the data is lower than estimates it could boost interest rate...
This here is full analysis of the most recent data given in the last month. Price has tapped into a daily FVG ,within this FVG it’s also the OTE level on the pullback phase of an establishing trend. External liquidity has been swept, causing the price to recover some internal liquidity to fuel the move to continue trend. Equilibrium has been touched, which...
KOG REPORT: In last week’s KOG Report we said we would face a difficult week on the markets and will be looking for higher pricing on Gold, and if price did start with a decline, we would be looking for the levels 1970-65 for a strong support before attempting the long trade into the target regions we had above. We gave KOG’s bias level as 1965 bullish above and...
Hi Fellow Realistic Traders. Here's my latest price action analysis on Gold! After hitting the multiple rejection area, OANDA:XAUUSD formed an inverted hammer and swing high. The chart and stochastic also indicate a bearish divergence, confirming a bearish reversal scenario or downward movement. Historically, when observing the current price correction on Gold,...
Currently, all the movements I look at and position myself differently. It is important to show yourself all the possibilities and get rid of your emotions if I see that the ABC correction is (LONG), it can easily lead to scam wick, which is also not excluded(SETUP-LONG) + Head and Shoulders Pattern(SETUP-LONG). Also, this could be an even bigger drop(Biggest leg...
Pair : Germany 30 Description : Bearish Channel as an Corrective Pattern in Short Time Frame with the Breakout of the Upper Trend Line and Completed the Retracement. If it Breaks the Daily Descending Trend Line and Retest then Buy otherwise it will Complete its " 5th " Impulsive Wave Entry Precautions : Wait for the Breakout or Retest
Hello Traders, here is the full analysis. Watch strong action at the current levels for SELL. GOOD LUCK! Great SELL opportunity EURGBP I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the...
A short as high above $34k as possible i.e. +34.4 (stop above last high $35k, target above FWB:31K for about 2:1 R/R, rolling the dice at 50/50 chance hit rate) may be worth it as an early punt that I see myself would do in 2017 However Daily RSI is still in overbought (81.8 over 76.26), not yet showing divergence and can be overextended for as long as 20...
Thank you for reading our update. Please keep in mind that this is not trading advice. KNC seems to build new unexpected volume
The European Central Bank (ECB) declared that it will no longer be increasing interest rates as a result of a decrease in lending and declining inflation. Boris Vujcic, a member of the ECB Council, made the statement on Croatian state media, HRT1. President Christine Lagarde's ECB recently halted its extraordinary tightening campaign, keeping interest rates steady...
After failing to overcome resistance and touching below the psychological level of 0.6400, AUD/USD fell rapidly to the 2023 bottom around 0.6300. While it is possible that prices could stall in this zone, it could open the door to a drop to last year's low of 0.6170. On the other hand, if the buyers return then the first level of resistance will appear at 0.6350,...
Earlier, survey data showed that business activity in the euro zone unexpectedly worsened this month as the recession spread across the region. A survey on October 24 showed British businesses reported further contraction this month, with cost pressures continuing to ease and risks of recession pointed to.
...I cannot rule-out one final macro-decline wave towards support area 25-20. I like the impulsive move from Mar. 2020 bottom towards Nov 2021 top, that had almost perfect match with the key Fibonacci retracements. Especially notice how Nov top at 51.75 coincides with 1.00% ext of wave (1) projected from wave (4) and near first key resistance zone of 1.764%...
Yesterday's () level worked well. I said I was more biased short but asked only to short at 1.2180/88. Market came down rather slowly, rallied back to OP and failed, hitting the lower support level at 1.2090 before giving a rally of 100 pips to 1.2190 which is our sell limit before it came down 60 pips. Daily candle closed with a doji which signify indecision....