Gold looks to be an interesting opportunity here. 1. Trend Break 2. Higher High 3. Higher Low 4. Trend Continuation 5. 3:1 - Low risk Opportunity Always know your exit. If it booms then a little is all you need. If it busts then a little is all you want.
In continuation to Analysis of UK100 on 11th September, the price has retraced 50% after breaking the down trend. It is time to take long positions and aim for 7900 above which could be reversal as shown by AB=CD pattern.
IMHO, a short position at where the price is right now. A sell limit order can also be placed at the resistance level in anticipation that the price will go down once it touches the resistance, giving a good Risk : Reward Ratio.
EUR-GBP Will Go Down! Sell! __ EUR-GBP has established A double top pattern and then Broke the key horizontal level Of 0.867 and the breakout Is confirmed so I think that We will see a further move down Sell!
From the pattern on the chart, apply Fibonacci retracement to the price and we can for a long position as the price is expected to move up before continuing on with the downtrend.
Check my posts, I posted it while it was happening. Helps you expect the price movements better. Should go up down up down between channel until it decides to break out. The highlighted red zone is the fakeout zone where bulls get trapped. Above that zone is a confirmed breakout. Also on a different look, we keep getting rejected at supply zone here. ...
Introduction Since the 2008 Financial Crisis NDX has been “the” trade for anyone looking for easy gains in equities. It has stomped out precious metals, emerging markets and the like. Even crypto powerhouses like Bitcoin and Ethereum are sideways against NDX since the 2018 crypto bear market and smaller alts have been clobbered against NDX in the most recent...
As we can see price is near previous daily high and we are looking for a lower high this time on the weekly time frame so soon dump will start and our -700pips target and more will be hit like the red arrows on chart. DISCLAIMER: ((trade based on your own decision)) <
Went short on USDZAR. We can see the downward trendline being respected and have yet to be broken so more bearish momentum is expected. We have also reached a nice zone of support and resistance to set up the sell. Once again, only risk what you are comfortable with as no trade is certain. Good luck! :)
Hello traders, and welcome to our "Trade Chart Patterns Like the Pros" analysis. Today, we're zooming in on CADJPY, which is showcasing an ascending triangle pattern. The ascending triangle is a bullish formation that usually forms during an uptrend as a continuation pattern. It is characterized by a flat resistance line and a rising support line. As the price...
Borrowing costs are back in focus after Jerome Powell & Co. made some hawkish revisions to next year’s Dot Plot. How high might they go? Today we’ll ponder that question using a long-term monthly chart of the 10-year U.S. Treasury note’s yield. The first pattern is the falling trendline that began way back in 1985. TNX ripped through that level 17 months ago,...
Hello, according to my analysis of USDJPY, there is a very good buying opportunity. We now notice a retest of the strong support at 137500. With a very positive green candle on the daily chart. The 200 moving average is also in the same area. This is evidence of the power of buyers at this level. good luck for everbody
Hello traders. There is a great investment opportunity in Amazon shares. With a downtrend break. And break the ascending triangle pattern. Likewise, breaking the resistance at level 104. These are all factors confirming the strong entry of buyers into this giant stock .Note: If you like this analysis, please give your opinion on it. in the comments. I will...
Please read my previous analysis on Weekly analysis (link below) then come back to this H4 analysis! In short in H4 we see signs of a trend reversal if the price closes below the 0.8670 price mark, especially at the end of this week then there is a good chance that a journey to 0.82-0.83 has begun!
For PEMEX Mexico's prices: Throughout the year 2023, there has been a bearish trend in the international reference price. However, in the last weeks of July 2023, there was an increase in international reference prices. The Fibonacci retracement technique was used to assess potential support and resistance levels. The analysis shows that the next price...
Gold started a recent descending channel from 1947.555 since the FOMC press conference on 20th September 2023. Price could be expected to retest the Daily EMA 200 and 4hr EMA-20 before possibly swinging down to challenge the low since 21st August at 1885. The DXY could also further grow to 109 and ultimately to 113 as i mentioned in my last DXY idea publication....
It turned out that GBPUSD violated one more key daily structure support and closed below that. The next key structure that I see is 1.2010 - 1.2055 area. That will most likely be the next goal for the sellers. For shorting, consider the contracting area based on a falling trend line and a broken structure. ❤️Please, support my work with like, thank you!❤️
FOREXCOM:XAUUSD Hello traders, for the remainder of the week, I am still actively seeking additional selling opportunities. My preferred strategy involves identifying supply and demand dynamics. Currently, I am exploring potential entry points around 1908. Additionally, you may consider trading the Fibonacci 61% retracement level or the countertrendline. All of...