Price Action Trading Price broken through all the time resistance level setting a new high. All higher TF price is strongly bullish as expecting of interest rates to cut in Sept 2024. CPI coming in at 3.4% for May CPI slowly reducing but still far from target of 2% setted by FED. Going down to lower TF, price is still very bullish especially at 2419 level. Set a...
The GBPUSD ended the previous week by testing a resistance cluster formed by a horizontal structure. Due to the strong bullish trend, there is a high likelihood that the market will break through this resistance. I will be looking for a confirmation of a bullish continuation with a 4-hour candle closing above the marked blue area. If this happens, the market...
GBPUSD accelerated to the upside this past week, briefly reaching its highest level in nearly two months at one point before the weekend. If the rally continues and gains momentum in the coming sessions, resistance is likely to appear at 1.2720, the 61.8% Fibonacci retracement of the 2023 decline. Further strength could then direct focus toward the 1.2800...
This is a follow-up to my previous Break Out call (click). GRT has been retracing along with the crypto verse. It has been holding up stronger then most other alts. Currently orbiting a well proven Golden fib at .3168 Break and retest would help paint a bottom. Rejection could lead to new lows for a while. What happens here will determine the...
my BTC analysis playing to a T and if it continues btc will be on its way to ATHs . so will sol and the alt coins,
Bull Flag on Pltr nice set up to have calls 6weeks out with a sl at19ish risk to reward amazing will update Monday premarket
#PHAUSDT (Update) Hey all friends and traders. Hope you are enjoying our analysis. we are here to analyze PHAUSDT today. Successfull Breakout done in 1D time frame. Expecting Massive Bullish wave🚀📈
EURUSD advanced on Monday, clearing both its 50-day and 200-day simple moving averages near 1.0785. If this bullish breakout is sustained, overhead resistance stretches from 1.0805 to 1.0810. While overcoming this barrier may pose a challenge for bulls, a move beyond it could lead to relatively clear sailing towards 1.0865, the 50% Fibonacci retracement of the...
SL: 2385.482 TP: 2489.144 In this trading strategy, we present a compelling opportunity for a long position on the XAUUSD currency pair, focusing on the 1-hour timeframe. By incorporating key technical indicators such as the Exponential Moving Average (EMA) 200, Moving Average Convergence Divergence (MACD) for trend analysis, and Supertrend for entry signals,...
SL: 1.26505 TP: 1.28380 In this trading strategy, I present a compelling opportunity for a long position on the GBPUSD currency pair, focusing on the 1-hour timeframe. By incorporating key technical indicators such as the Exponential Moving Average (EMA) 200, Moving Average Convergence Divergence (MACD) for trend analysis, and Supertrend for entry signals,...
BLOKUSDT presents a compelling buying opportunity as the price has completed a full pullback to the top trendline of the wedge formation. We anticipate a reversal at this point, leading to a potential rally. Our focus is on achieving the mid-term target as indicated in the analysis. This setup suggests a strong potential for upward movement, and we should consider...
Here is our detailed technical review for GBPAUD. Time Frame: 8h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 1.895. Taking into consideration the structure & trend analysis, I believe that the market will reach 1.881 level soon. P.S The term oversold refers to a...
over all BTC is bullish and this good for me but the weekly wick not making it bullish lowkey concerns me, as of now im neutral and will be seeing how the candles print and then will solidify my stand on the trend for crypto. as of now im leaning more towards a buy but anything can happen in the week and the analysis provided will answer your questions if it...
Dear Traders, We are convening a discussion focused on #FARMUSDT 📊Time Frame:1D THE Falling Wedge Pattern Breakout Has Already ✅ So,I Expect a Bullish Move of 60% In Coming Days 🚀😉 Regards: AnnaTradeCharts #Bitcoin #Crypto #Ethereum #Cryptocurrency #CryptoTrading #BTCUSDT #ETHUSDT #ALTCONS #USDT CRYPTOCAP:BTC CRYPTOCAP:ETH CRYPTOCAP:USDT CRYPTOCAP:PEPE...
DXY Trading Journal It seems likely that Price will take the equal lows this week as it gravitates to the 50% equilibrium level 103.868 range for the low target. I consider that Price could seek to rebalance my 4 hour IFVG and another noted 4 FVG at 105.383 for the weeks high target.
The GBP/JPY is following an ascending channel, presenting a selling opportunity after bearish price action at the channel's resistance trendline. Look for confirmation signals such as a bearish engulfing pattern or a rejection wick to validate the sell entry. Maintain proper risk management to account for potential volatility.
Gold broke through multiple levels yesterday and Wednesday, 2360-2365, 2380-2385, and is currently hovering at the 2400 resistance. From the current point of view, the upward trend of gold should not be over yet, so here we still have to be wary of the possibility that gold will continue to rise. Judging from the current 4-hour chart: At present, gold's...
Gold decreased yesterday, creating a bearish pinbar on D1. This price action shows resistance around the old peak confluence + round number 2,400. Gold D1 chart structure shows that the price is moving sideways in an upward trend. Gold is pulling back down, falling to retest the confluence zone + the downward sloping trend line. Because the upward price trend is...