The current EUR/USD exchange rate stands at 1.08251. Earlier, in the opening market, there was a break of the trend line over an 8-hour period. Presently, the market seems to be retesting that break and experiencing a pullback, suggesting a potential opportunity to sell. There's a possibility that the price might return to the channel for what could be a false...
CAD\JPY: in the dynamic interplay of market forces, the attempt to capitalize on a breakout at the crucial SR level was met with market resistance, leading to a downturn. Nevertheless, astute traders remained attuned to the overarching uptrend, which provided a guiding beacon amidst the fluctuations. The formation of a double bottom pattern served as a beckoning...
1. Price in Overall Uptrend Direction: This means that the general movement of the price of whatever asset or security is being discussed is moving upwards over a period of time. In other words, the value of the asset is increasing over the long term. 2. Uptrend Structure Being Maintained: This indicates that the pattern of higher highs and higher lows, which...
I want to share this idea, as it's quite possible. In 2021 it hit me as a sad realization that Bitcoin might not be in an exponential market anymore. I had this idea that perhaps bitcoin was leveling out into a commodity channel. Bitcoin is a commodity after all, so it sort of makes sense it would look more like the channels commodities with long term average...
To my surprise Bitcoin beat the downtrend and has formed support on the previous resistance. This is a very good sign that bitcoin is looking for a move higher where the next target is 91k. Highly suggest taking profits at 91k area and watching to see how it looks. Could move higher to 120k (max target for this cycle) or back to current support here at 69k.
Today will be gap up opening in BANKNIFTY. After opening if banknifty sustain above 48550 level then possible upside rally of 400-500 points upto 48950 level & this rally can extend another 400 points if market gives breakout 49050 level in todays session.Any Major downside only expected in case banknifty starts trading below 48450 level to 48050 level.also...
Thank you for reading this update. Depending on our study we see that XVG has a good chance of volume increase. This updates depending on day trade, And the market should confirm with time the right market way.
🕵️♂️ Let's analyze the GBPCHF forex pair for trading in futures. 📉 This currency pair is mostly bearish in higher time frames and cycles, indicating the recent weakening of Great Britain over the past few years just from the chart. 💪 In the 4-hour timeframe, we've had an uptrend and reached a significant resistance in the daily and weekly range around 1.14731,...
AUUSD (Gold/US Dollar) is currently experiencing a strong bullish trend, marked by consistent upward momentum and robust buying pressure. This bullish sentiment is underscored by the recent attainment of an all-time high price level. Key Indicators: Price Action: XAUUSD has been steadily climbing, forming higher highs and higher lows, indicating a clear...
Thank you for reading this update. Depending on our study we see that BTC has a good chance of volume increase. This updates depending on day trade, And the market should confirm with time the right market way. #Nottradingadvice #For Day traders take always profits when the market increase #Expect nothing from the markets, but follow what it shows.
💷GBPJPY💴 Weekly 04/01/2024 Weekly High: 192.244 Weekly Low: 190.040 Chart Pattern: Ascending Channel 💎Sell GBPJPY @ 191.2 - 191.4💎 Sunday 03/31/2024 07:46 PM EST 💎Buy GBPJPY @ 190.2 - 190.0💎 Monday 04/01/2024 08:02 PM EST Richard Eyo ~ The Wizard 🧙♂️
Resistance Levels: 1. Resistance at $89.01 and $91.11: These levels represent significant barriers where selling pressure may intensify. Traders should watch for price action near these levels, as a breakout above could indicate further bullish momentum. 2. Secondary Resistance at $93.73 and $95.00: These are additional resistance levels beyond the initial...
🥇XAUUSD💵 Weekly 04/01/2024 Weekly High: 2330.47 Weekly Low: 2228.47 Chart Pattern: Ascending Channel 💎Sell Gold @ 2263 - 2265💎 Monday 04/01/2024 12:03 AM EST 💎Buy Gold @ 2240 - 2235💎 Monday 04/01/2024 10:41 AM EST 💎Buy Gold @ 2274 - 2270💎 Wednesday 04/03/2024 08:26 AM EST 💎Buy Gold @ 2289 - 2285💎 Thursday 04/04/2024 08:42 AM EST 💎Buy Gold @ 2276 -...
Thank you for reading this update. Depending on our study we see that BEL has a good chance of volume increase. This updates depending on day trade, And the market should confirm with time the right market way. #Nottradingadvice #For Day traders take always profits when the market increase #Expect nothing from the markets, but follow what it shows.
Thank you for reading this update. Depending on our study we see that DEGEN has a good chance of volume increase. This updates depending on day trade, And the market should confirm with time the right market way. Following the trend in the coming time to see if its able to show new trend break.
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 INJ has been overall bullish , trading within the flat wedge pattern in red. Currently, INJ is in a correction phase, approaching the lower bound of the wedge. Moreover, it is retesting a strong support at $31.5. 🏹 Thus, the highlighted blue circle is a strong area to...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 EURUSD has been overall bearish , trading within the falling wedge pattern in red. Currently, EURUSD is approaching the upper bound of the wedge acting as a non-horizontal resistance. Moreover, it is retesting a strong resistance zone at 1.088 marked in green. 🏹 Thus,...
💎Buy Gold @ 2276 - 2272💎 Thursday 04/04/2024 09:31 PM EST 2264 StopLoss —> 2276.5 BreakEven+ TakeProfit 1: 2278 TakeProfit 2: 2280 TakeProfit 3: 2282 TakeProfit 4: 2284 TakeProfit 5: 2286 TakeProfit 10: 2396 TakeProfit 20: 2316 TakeProfit 30: 2336 Richard Eyo ~ The Wizard 🧙♂️