Bitcoin Price going to fly anyway, but there is a short position opportunity!
This is an important week. Or rather, an important range... A break of this range means a drop to 14,000 may happen And support in this range means growth up to the midline of the channel or up to the ceiling of the channel may happen. This means that 2024 may be a positive and upward year. But before this growth, a decline may occur according to the corner...
USDJPY stay below 150 as hawkish BOJ in focus. The recent data showed a growing resurgence in japanese consumer confidence, which trader bet could push the BOJ into scaling back its ultra-loose policy. Analyst also see an end to the bank's negative interest rate in 2024 Any hawkish moves by the BOJ are expected to benefit the yen, which is one of the...
R1 entry. Entry order let's the market take me in instead of forcing an entry. Target is 2% or bust. Hold until trade hits 2% or hold until full 1% loss. I would argue that putting your SL at BE once price hits 1% is a good risk management method but it can build bad habits. this trade for example would be close at BE already.
EURUSD is trading in a long-term bearish trend. After the price set a new lower low at the beginning of October, the market started a correctional movement within a bearish flag pattern. Closely monitor a support of the flag next week, its violation - a daily candle close below, will be a strong bearish signal. A bearish continuation will be anticipated then...
- After watching Asia session we found LH was created - At the same time, trendline yet to break after LH was created. - Till I managed to find M15 Rejection took place - Collected profit based on support - 1/1 win
Daily Chart Render Token is in Ascending Multi Channel by #FiboChannel Now, it's trading around $1.88x and it's not below resistance $1.9 and nearly the higher trend line of channel If BINANCE:RNDRUSDT fail, it can create Double Top which Reversal Pattern then come back to support $1.65 that's good zones to buy in my opinion Just wait for next move
Bitcoin went to our target which I mentioned on previous video (34.7).now its either doing a pullback for a larger pump or the slow bleeding into spiky downside moves. More info on weekly overview video if u didnt watch it. Thanks for watching
The formation of a Rising Wedge pattern, with the price breaking lower trendline, followed by a bearish candle on the previous daily timeframe candle. SL : 158.396 (43 pips) TP : 157.106 (+2)
3D view , C98 already breakout from its trendline. Let's moon it. Follow me for more chart analysis. Patience is the key to success DYOR
From a valuation perspective, SPY appears to be reasonably priced at 430. In this technical analysis, I'm looking to initiate a position in a rebound opportunity at the 0.5 Fibonacci level, aligning with the three-year trendline and taking into account the RSI reading, which is approaching the 30 threshold, as a confirmation signal.
The Bank of England predicted this week that the UK economy is likely to weaken in the months leading up to the next general election, raising concerns about Chancellor Rishi Sunak's government. The central bank's Monetary Policy Committee will cut its gross domestic product estimates for the second half of this year and early 2024 after surveys and official...
The world gold market has witnessed strong buying force in the past 2 weeks. Investor demand for a safe haven has increased amid tensions in the Middle East. Gold prices marked the third consecutive week of increase. According to experts, in addition to the conflict in the Middle East, investors should monitor developments in the Fed's monetary policy...
Mr. Kazuo Ueda of the Bank of Japan is in a predicament. If he sticks to policy this week, there is a risk that the yen will fall to a 10-year low and the yield control program will come under attack from speculative markets. If the Governor simultaneously raises the upper limit of 10-year yield curve control, either explicitly or implicitly, the Governor could...
The world gold price on the first day of the week tends to decrease with immediate gold trading down 2.3 USD, compared to the previous weekly trading time down to 2,003.3 USD/ounce. Gold continues to strengthen as sentiment is supported and there is an increasing risk of that happening amid the ongoing conflict in the Middle East. In weekend trading, the yellow...
The British pound initially attempted to recover during the week, but gave up gains near the crucial 1.2350 level. At this point, GBP is likely to remain under downward pressure and could fall to the 1.1850 level. Looking ahead, we believe the 1.2350 level will be an important resistance barrier, and if we manage to break below the 1.20 level, it will actually...
Gold prices fell after the US economic report was better than expected. The market leans towards the "hawkish" side of monetary policy, with many opinions supporting the US Federal Reserve to continue raising interest rates. According to published data, America's third quarter GDP is estimated to increase by 4.9%. Inflation index has been controlled. The US...
As previously predicted we are still going down however the Wave 4 correction is looking like a XYZ (sorry TV has only WXY) 7 waves of which we have completed the 4th which is the X. Now we can trade short and as per Fibonacci extension prediction it looks like we may reach 0.5074 before the next rally up. DYOR, this is not financial advise and good luck.