This is what we should see going forward if we want to continue with a healthy move up to retest orange tapered selling and beyond. Happy Trading :) - TraderDaddyOG
Trading Plan for Wednesday, April 9th, 2024 Market Sentiment: Volatile and uncertain. CPI came in hotter than expected, increasing the likelihood of continued aggressive actions by the Federal Reserve. CPI Data and Impact: CPI rose 0.4% for the month, resulting in a 12-month inflation rate of 3.5%, surpassing expectations. Core CPI also accelerated 0.4%...
When I put out a video of this last week, the main reasoning was our sell-side tapering and clear liquidity building within our tapered orange selling channel. We are now well on our way toward a HTF breakout and have a fully bullish outlook. Happy for all who joined me on this move! Happy Trading :) - TraderDaddyOG
It has been a while ride on PDD this past month! Don't take your eyes off the grand prize - a breakout of our larger time frame magenta selling channel. In order to do that, we needed to build liquidity in our controlled selling channels. We have activated a stronger buying continuation channel but will need some time to prove its' control. Be patient on this...
We've been eyeing this breakout since we started to prove sell-side tapering from our strong selling algo to our more tapered teal. Since then, we've seen healthy movement and if we're looking back to a year ago, we can see a similar pattern that formed prior to a larger breakout. So here I am going to allow us to come back and retest white if that's what price...
The GBP/USD pair is currently engaging traders with a test of resistance, as the markets await today's U.S. CPI data with bated breath. Technical analysis: GBP/USD has been making a play towards the upside following its ascending trendline, etched out by the black support line. We’ve seen a bit of a tussle around the 1.27 area, which is acting as a minor...
Looking for the DXY to complete/continue this current "M" shaped trading pattern. Nice double top.
OCEAN broke trough the support level. Asset broke trough the ascending trendline. Bearish movement to support level at 0.85 is possible.
Assessing the GBP/JPY pair's current trajectory, we’re observing a notable rally that’s pushing against the resistance level at 193.490. This recent bullish momentum is significant as it approaches this key technical threshold. The pair is gaining traction after a firm rebound from the ascending trendline, which has been a reliable support base in previous...
The 30-minute moving average of gold has begun to turn, and the strength of the rise has begun to be insufficient. In the past two days, gold has no longer been unilaterally strong. It has begun to no longer hit new highs repeatedly. Instead, it has rebounded and risen twice and no longer hit new highs. The rebound highs of gold have successively lowered. , if...
Price has failed to break above the descending trend line and currently struggling to hold the support area.
Alibaba move into a very long downtrend Very probably it will reverse soon At the end of the channel an inverted Head & shoulder is forming right now Check neckline breakout at 78$ and most importantly a close above purple trendline as a final confirmation of the new uptrend
XAUUSD will still go higher and Higher for the 2024 US Elections uncertainities , from the current price of $2353 to $2700
It seems that the downward trend line has been broken and the price has pulleback to it and is on the EMA50 support
Market trending down broken structures and retests clear bearish momentum, we are at area of resistance and can take sells here for a nice risk to reward setup. would be great also if we break this minor 15m trend line and retest it for further sells
Hello How are you ? We have Double Top And penetration of Neck So l respect the selling
As this Pre-Halving seems to be ahead of schedule so far as "All Time Highs" go this has been very difficult to trade and chart. So until this Parabolic Trendline is broken intermediate Wave (5) is still suspect as to being in hence the question marks ???