This could be descending channel forming. BTC need higher high now to avoid bear div on 12hrs SRSI. If not, new lower low is in the cards. This is too many "if" but just keep in mind and be extra careful with long positions since most of alts follow BTC correction. Good luck traders!
EURCHF is trading in a strong bullish trend on a daily. After the pair set a new higher high, it retraced to a solid rising trend line. Analyzing the reaction of the price to that, I spotted a double bottom pattern on a 4H time frame. With the release of CHF/EU fundamentals this morning, the pair successfully violated its neckline. We can expect a bullish...
Similar situation to January: we had BTC trading in a range for a few weeks, then briefly breaking below support, with people calling for targets in low 30K, which turned out to be a fakeout, and a new swing trade bottom. Look for BTC to bottom in the yellow circle early next week. Additionally, let's see if the blue channel I drew is valid. Price touching the...
Hello to all our subscribers. Please share your personal opinions in the comments. We ask for your support through likes and subscriptions. With the yen continuing its weakness against the dollar, the market is closely watching for any additional measures from the Japanese authorities following their previous verbal intervention. If the weakness persists until...
FX:XAUUSD has been reaching 2265 since the open. The price is moving out of the ascending price channel, which indicates a strong bull market. But, there is a huge imbalance area forming below, which can be liquidated before further growth. The dollar is also strengthening and the market is waiting for bullish news on the index today. In this case it may give...
FX:EURUSD is not going to change the global trend yet, continuing to break support zones with the aim of further declines on the back of the dollar index growth. The dollar index is preparing to strengthen further. The price is breaking the trend, which is generally negative for the currency pair. Today the market is waiting for PMI. In general, the data is...
Im seeing a potiential sell position on this pair. continua to the trend trade safely trader ernest
A line below the price channel is an important support in case of breaking the $0.50010 support
📊Analysis by AhmadArz: 🔍Entry: 68175 🛑Stop Loss: 69985 🎯Take Profit: 66677-64509-67698 🔗"Uncover new opportunities in the world of cryptocurrencies with AhmadArz. 💡Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets." 🚀Please boost and💬 comment to share your thoughts with us!
1INCH broke trough the ascending trendline. Asset broke trough the support level. Bearish movement to support level at 0.5 is possible.
🏃♂️Bitcoin is moving near the 🔴 Resistance zone($73,700-$71,800) 🔴. Above the 🔴 Resistance zone($73,700-$71,800) 🔴is also an important 🟡 Potential Reversal Zone(PRZ)($82,800-$73,700) 🟡. 📈From the point of view of Classic Technical Analysis , it seems that Bitcoin has succeeded in breaking the lower line of the Rising Wedge Pattern , and there is also the...
Hello All, The recommendations are purely for educational purpose only, consult you financial advisor before trading. Targets are mentioned in charts (either red lines or balck lines), keep Stop Loss as per your risk.. If you like my Idea, Don't forget to Boost and comment on my Analysis.. Have a profitable year ahead Gautam Khanna Technical Analyst by Passion :-)
Hello All, The recommendations are purely for educational purpose only, consult you financial advisor before trading. Targets are mentioned in charts (either red lines or balck lines), keep Stop Loss as per your risk.. If you like my Idea, Don't forget to Boost and comment on my Analysis.. Have a profitable year ahead Gautam Khanna Technical Analyst by Passion :-)
Dear friends, the current gold market has become an irrational market due to risk aversion and trend-following sentiments, so it is relatively more complex. Gold hit a high of 2265 overnight and then fell back. Then gold stopped falling near 2229 and then rebounded slightly. As of now, gold is trading near 2251. According to the current gold trend, there is no...
Dear friends, gold hit a high of 2265 overnight and then fell back. Then gold stopped falling near 2229 and rebounded slightly again. As of now, gold is trading near 2251.According to the current gold trend, there is no doubt that gold still maintains a trend upward trend, so overall gold still maintains a intact upward pattern. But in the short term, today's...
Hello Traders, Looking at GBJPY from the Daily timeframe there are two possibilities that can happen. 1. I am bullish if price continues to trade within this trend channel by breaking above the supply zone shown at $191.378 2. i am bearish if price fails to break above $191.378 supply zone and sellers push price below trendline causing a reversal. Price will...
Sentiment: Short term bullish AU making higher highs on Daily and higher TF. Currently reacting off trend line and pushing towards Weekly high. Last Weekly bullish leg seems to have retraced to 61.8 fib which lines up with Weekly Demand whe price is reacting currently. In demand on lower TF (4h/1H), price took sell side liquidity. There is a 4H and 1H...
Dear friends, today we shorted gold in the 2263-2265 area and successfully made a profit of more than 10K, which is considered a good gain. After hitting the TP with this transaction, I used small batch trading lots to chase short gold at 2246 and 2237 respectively. Although these two transactions have not ended yet, overall there is still a floating profit of...