Introduction - Bulls are holding 43-year trend line at 2360s while NASDAQ bears formed a soft ceiling at 2400 that should hold past through May 1st FOMC. The result has gold range bound, predominantly between 2367-2392 for the incoming nine trading days, after which gold should head for 2444 and higher. Details - Follow up to 9-1 DRAFT's failure to break out...
Gold experienced a volatile session on Wednesday, dropping to $2,354 in the US trading session. Despite the price decrease, there are signs of a mild recovery. Expectations are high for gold to surpass the $2,400 mark. Based on technical analysis, the price is gradually recovering and heading upwards. If the price continues to rise and surpasses the 60 level, it...
In my post from yesterday, I mentioned my expectation for a new drop of 500 pips in $OANDA:XAUUSD. However, despite the price dropping by around 400 pips during intraday trading, my sell order placed just above the 2400 zone was not filled, resulting in me missing out on this drop (my target was hit but not my pending sell) Upon reviewing the chart, it's evident...
we are looking good for a nice drop. I will be looking for the market to test this resistance area. We may see a fake to the upside before dropping so be careful.
BINANCE:BTCUSD is testing 71572 and forming a false breakout, I have emphasized our attention to liquidity above this level in a separate idea. Trading inside the range after capturing liquidity continues and the market appears to be preparing for a halving. (April 6 idea: BITCOIN → Trading inside a sideways flat. ↑ 75K or ↓ 60K?) The false break of...
Hi. Solana is in a correction phase, similar to other altcoins The $127 level is a strong support, but if Bitcoin experiences a breakdown below $60,000, the price could drop to the $100 support zone. Stay awesome my friends. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things...
Bitcoin (BTCUSD) touched today the bottom of the Channel Down pattern that started a month ago on the March 14 High. Ever since is posted Lower Highs and Lower Lows, dropping under the 1D MA50 (blue trend-line). Since the long-term trend for months has been a parabolic rally, this pattern can be seen just as a big Bull Flag, a necessary short-term pull-back before...
📌 GBP/USD has bounced back and is trading around 1.2470 after UK CPI data beat market expectations. 📌 Inflation in the UK has now fallen to 3.2% in March, lower than the previous month's 3.4% but higher than market expectations of 3.1%. After the CPI data was released, the British Pound regained its upward momentum as rising inflation may affect the BoE's plan to...
Bitcoin Halving Idea is Pumping LONG Positions All the focus is on BTC halving these days. After the price moved below 61K yesterday we can see that BTC is rising again the bullish momentum. This is shown clearly through a bullish pattern. BTC created a solid breakout and it may rise further from the current zone. However without wanting to be too much...
Buy opportunity in the FX:EURUSD with a target at 1.07000 for a profit of 30 pips. With the data worse than expected from the news of Second-hand home sales, I expect the price rises to the level of 1.07000 Guys, what do you think? Leave a comment with your thoughts.
Today, XRPUSDT is poised for a subdued trading session as the Bollinger Bands tighten, signaling the anticipation of a new directional move. Currently, there's a mild recovery underway, yet it remains capped within a longer-term downtrend. I maintain my stance on this cryptocurrency, expecting a continuation of the downward trend once this period of sideways...
The GBP/USD pair traded slightly lower around 1.2450 during early trading hours in Asia on Thursday. Lighter inflation data from the UK has fueled expectations that the Bank of England (BoE) may begin to lower interest rates in the coming months, placing downward pressure on the British Pound (GBP) against the US Dollar (USD) and reinforcing the continuation of...
The EUR/CHF pair experienced a sharp decline, yet found resilience at 0.9680, marking a significant support level. This support has sparked a rebound, indicating a reversal in direction. As momentum builds, the trajectory suggests an imminent move upwards towards the target of 0.9801. It's an opportune moment to consider a long position, capitalizing on the upward...
Over the previous month I've spoken a lot about the risk of a failed breakout of the high. We're now very close to where I think we'd have the first big obvious tells that is happening. If there's a false breakout of the high, there'll be a rug pull. This is something I've said over and over again. Rug pulls usually come with bad news, so it's particularly...
The EUR/AUD pair on the M30 timeframe presents a potential shorting opportunity due to a recent downward breakout from a triangle pattern. Potential Short Trade : Entry: Below the broken support line of the triangle, ideally around 1.6570 after confirmation. Target Levels: 1.6477: This represents the height of the triangle, measured from the apex (highest or...
And finally, NVDA. Setup is beraish on the 4 hour, with the immediate point being the yellow line in the chart. We usually overshoot these Heikin ashi setup targets so look to the calculate low targets starting at 849. I was thinking we would fall back down into the gap support and then break below it (the purple box), however, owning to that over-zealous...
Entry @ 60.095 T1 @ 66.400 T2 @ 76.000 SL @ 51.000 Risk 2%
People have been capitulating on alts and strong hands have bought them up on spot. Leverage got wiped out. We see TOTAL3 hitting the weekly ma20 with a hidden bullish divergence on rsi, and retesting the rsi neckline. There will not be many of these opportunities to load up spot on a weekly bull market correction. I think this is the last dip before a huge alt...