The EUR/USD is currently in a long-term uptrend, which leads me to anticipate a breakout to the upside from this pattern, potentially retesting previous highs. However, if the ascending trendline were to break, it could lead to a retracement towards significant support levels seen in the past. Good trading! If you find it useful, like, follow, share!
The price is moving in a descending channel and has reached its upper part, breaking the ascending trendline, so I expect further decline to lower support levels and eventually to the bottom of the channel. Good trading! If you find it useful, like, follow, share!
Hello everyone, Here is our update on NIFTY in ELLIOTT WAVE perspective. Nifty is about to complete 5th wave. Note: we have shared this info for education purpose only, not a recommendation, we are not responsible for your profits or losses, always trade with your own risk.
After a strong rally, the AUD/JPY has recently formed a falling wedge pattern, which it has now broken out from. This suggests that we can anticipate further upside momentum as it aims to retest previous highs. Traders should keep a close eye on this pair as it presents potential trading opportunities in the ongoing upward trend. Daily chart: Good...
Interesting EW setup here fro CrowdStrike. Looking for continuation higher into wave 3 as we have just reached equality of wave (c) vs. (a). If I am correct we shall see an acceleration to the upside soon.
The price broke a significant trendline and formed a descending triangle from which it is expected to move further downwards, targeting lower support levels. Good trading! If you find it useful, like, follow, share!
EURGBP has broken a significant level, after a pullback I expect a further fall to lower support levels. Daily chart: Good trading! If you find it useful, like, follow, share!
JUST CHECK THE PIC FOR THE IDEA. BUT BASICALLY HERE ARE THE STEPS: 1. DETERMINE CURRENT MARKET STRUCTURE USING 1) SWING HIGH & SWING LOW 2) BOS & CHOCH -this is more powerful if price has just made a break of structure(BOS), but not necessarily. 2. PLOT FIB FROM LATEST SWING HIGH & SWING LOW 3. LADDER ENTRY AT FIB OTE + ORDERBLOCK ZONE 4. PUT STOPLOSS AT...
As posted yesterday price is consolidating between 700-800 Points near ATH Level. From price action Its moving in Lower Highs and Higher lows forming symmetrical triangle pattern breaking this pattern on either side can give 200-250 points for the levels of horizontal resistance also ATH on upside and horizontal support at 43550 levels. For tomorrow Setup i...
XAUUSD is Starting to gain it's bullish strength again. My following setup requires Gold to break clearly above the 2KUSD level. Make a retest of it's resistance after breaking thru the structure clearly. I reckon placing a buy limit when XAUUSD has broken thru it's resistance, as a retest will likely occur. SL can be placed bellow demand zone or below it's...
Bitcoin is now reaching out the strong resistance zone which is the alignment between the resistance trend line and the golden ratio level. Let's see what will the price reacts because it's a huge resistance zone.
BTC broke out of the accumulation and showed an aggressive way up. This was to be expected. Now I see three scenarios: 1. A further compression and reaching the range of 32-34 thousands, from which the sales can go and put BTC into accumulation, gain strength and continue moving up with the targets ~$40k. 2. A retest of the breakout level, where BTC showed...
It looks very nice, it is worth waiting for the POi test and to get a good reaction to keep moving up.
Patience, we're almost there. Watch this couple, it will be interesting.
Came in POi but did not hit the order block, I do not rule out a test of this zone. So far the work is exclusively for long positions
We can't grow forever. We need strength, we need reaccumulation.
The price broke the descending trend line and tested it, forming an inverse head and shoulders pattern, therefore a bullish movement is expected. My targets: 0.6300 and 0.6370 Good trading! If you find it useful, like, follow, share!
The price reached a strong resistance, so I expect a fall. My targets: 1.6033; 1.5952 (fibo 0.23); 1.5825 (fibo 0.38) D1: Good trading! If you find it useful, like, follow, share!