Let's delve into the GBP/CAD currency pair as we approach the end of the night. 🌙 On the four-hour timeframe, after a robust uptrend and a test of the daily resistance line at 1.73398, we experienced a rejection, signaling a corrective phase. 📉 Moreover, within this timeframe, we observe a four-hour trend that broke down after the correction. Upon the activation...
We are looking for at least short-term fall now like the red arrows on chart also more info is shared on daily chart: DISCLAIMER: ((trade based on your own decision)) <
Traders, Here's a strategic approach for XAU/USD: Triangle Breakout: The triangle pattern has been breached, and many anticipate further bearish movements. Potential Profit Opportunity: Despite the bearish sentiment, there might be an opportunity to capitalize on additional profits by being prepared to leverage reversals. Stay Updated: Remain vigilant for our...
Entry Taken During Late London Session. 1. Price Created A Triple-Top at the Resistance Area. 2. Head & Shoulders Pattern Formed At Resistance. 3. New LH's Created Indicating Sells Over Buys. 4. Entry Taken at 30 M Break Of lows.
Dear friends, I reminded you last week that after multiple retracements, gold fell short of expectations during its rebound and was never able to break through the 2180 position. So once the bull momentum of gold fails, the short momentum may counterattack at any time,promoting a deep correction in gold. At present, gold continues to fall. At present, gold has...
NZDCAD broke and closed below a key daily structure support. After a breakout, the price retested a broken zone and formed a symmetrical triangle on an hourly time frame. The support of a triangle was broken. It is a strong intraday bearish confirmation. I expect a bearish movement to 0.8225 ❤️Please, support my work with like, thank you!❤️
AXON stock popping out of a trendline after retracement or pull back. Remember it is at its All Time High (ATH) stock must be performing well due to its fundamentals.
Investors have been optimistic about interest rates and inflation for much of the past year. However, two important charts may undermine those hopes. Today’s weekly chart returns to the yield on the 10-year U.S. Treasury note. First consider the series of higher lows since July 2022 – despite improvements in headline inflation numbers. That rising trendline may...
Trading Plan for Monday, March 18th, 2024 Market Sentiment: Cautious, watching key support levels Weekly Volatility Risk: High Supports to Watch: Immediate Supports: 5171-73 (major), 5167, 5162, 5152-55 (major), 5147, 5136, 5127 (major), 5115 (major), 5109, 5104, 5092 (major), 5083 (major). Resistances to Monitor: Key Resistances: 5181, 5191, 5202 (major),...
Gold rebounded from a slight decline during the day, and it can still be shorted after the rebound. Although the K-line of gold currently maintains a high level of shock in the daily trend, the price is showing signs of gradually moving out of the high-level shock range. The K-line has gradually begun to come under pressure from the short-term moving average. In...
We've seen something exactly like this during the 2017-2018 bear market. Let's see if history repeats!
As we can see XAUUSD has given the breakout of the descending triangle pattern and has came up for the retest so we can plan short trade accordingly and our target will be the marked line on the chart.
Nothing much to say just some simple supply and demand rule followed according to the chart. Expecting a more move to the downside from that sell zone.
JOE seems to enter a new increase volume trend which could confirm in the coming time frame to a break. We will follow the trend.
We already discussed last week that AUDCHF looks very bullish. I see one more strong bullish confirmation on a 4H time frame today. After a test of an intraday support, the price broke and closed above a resistance line of a falling wedge pattern. The pair may keep growing today. First goal - 0.58237 ❤️Please, support my work with like, thank you!❤️
Sappi has traded strongly recently and has now managed to break the yellow downward trend line. . As such, we could possibly see a retest of the yellow band before moving higher or, price could continue moving upwards in this relatively strong move. Initial target on this move would be around 58.18 and stop loss would be placed on a close below 40.80 or, on a...
As we can see NZDUSD is bouncing off a well respected trendline so we can plan a long trade to take it to the marked zone.
BITMART:LEASHUSDT is done consolidating, it seems. Breakout with a very high volume and a long wick to rediscover. Leash is ready to 14x from here. TP1: 1,292 TP2: 3,608 TP3: 10,000 SL: 500