Hi Traders, We have hit our ATH and hence in price discovery. We only have elliot wave and fibonacci as our toolset to forecast levels and targets. Really depends on what BTC does for this to play out as well. I explain the 2 scenarios that I have as a general approach. Please give me a like and share, Regards, S.SAri
Considering the recent decline in the NZD, I am considering purchasing GBP/NZD on the rise. Following the breakout and retest of an inverse head & shoulders pattern, I plan to wait for a 50% retracement in the bullish trend before furthering my purchases in the upward direction.
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The Kiwi (NZD/USD) is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 0.60747 which is a pullback support. Stop loss is at 0.60500 which is a level that lies underneath a pullback support. Take profit is at 0.61460 which is a pullback resistance that aligns close to the 61.8% Fibonacci retracememt...
USD/CAD is falling towards a potential breakout level and could potentially drop lower from here. Sell entry is at 1.34684 which is a potential breakout level ( wait for the 1-hour candle to close below 1.34684 for confirmation ). Stop loss is at 1.35083 which is an overlap resistance. Take profit is at 1.34378 which is a multi-swing-low support. High Risk...
WTI oil (USOIL) is falling towards an ascending trendline and could potentially break under this level to drop lower. Sell entry is at 82.329 which is a potential breakout level ( wait for the 1-hour candle to close under 82.329 for confirmation ). Stop loss is at 84.520 which is a level that sits above the recent pullback resistance. Take profit is between...
CHF/JPY could fall towards an overlap support and potentially bounce off this level to climb higher. Buy entry is at 169.724 which is an overlap support. Stop loss is at 169.100 which is a level that lies underneath an overlap support. Take profit is at 170.612 which is a swing-high resistance. High Risk Investment Warning Trading Forex/CFDs on margin...
After Wednesday's price action in the S&P 500, as the market continues to respond in Asia and Europe to the Fed comments, the expectation would be follow through to the upside but not as big a range that was created on Wednesday.
NASDAQ:AMZN Cycle Daily - Printed DCL and now showing negative divergence indicating the weekly cycle should start declining soon. Weekly - On week 21 and looking for a decline down to the weekly HCL (bar 28) Monthly - still early on the monthly.
These might drop the whole night during asian session and NYSE later on..so am just going to rest and take a nape while holding these sell orders
Since the dollar is weak i will be looking to sell the pair. FOMC was bearish on the DXY good luck traders..
There is clearly (proven) plenty of room for this to go up. Question is, what was today all about? To be honest, I'm just as confused as you may be especially with the very solid earnings that were reported and future growth outlook. So I'm going to continue to stay away from the fundamentals and leave that to Sir Powell (purple tie, what'd I say about purple...
📈🏰 In the world of trading, understanding market structure reigns supreme, while supply and demand play vital roles akin to royalty, and liquidity serves as the foundation, much like a castle. While effective indicators can be helpful, don't fall into the trap of believing you must shell out thousands for success. All you truly need is your chart and a...
Hello Traders, welcome to today's analysis of S&P 500. -------- Explanation of my video analysis: The S&P 500 has been trading inside of a rising channel formation for a very long time. We had the last retest of the lower support level about 6 months ago which was then followed by an expected rally of +25% towards the upside. If the S&P 500 now retests the...
11/06 Weekly Plan. NQ Futures December NQZ2023. Weekly Pivot is 15,042 Targets : 15,235 Friday's RTH session high 15,367 untested upside spike from 10/16 15,654 untested FVG 9/14 Targets : 14,867 top of true gap up 11/02 14,656 unmitigated singles from 11/01 14,481 top oif true gap up 11/01 Now trading at 15,181 NQZ Alerts : You will receive alerts in...
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Going over the Open ES looking for clues. trying to listen to what the market is telling us instead of forecasting or trying to predict what price will do.
Daily Show on NIFTY, BANKNIFTY, FINNIFTY and USDINR, where we try and predict the market direction for tomorrow by technical analysis, Open Interest (OI) data analysis, FII DII data analysis and much more. This show gives insights into the market and is especially useful if you are a beginner who has just started options trading and wants to learn how to trade...