weekly supply in control. The market retraced to daily supply. the entry area is 4h nested in daily. I would like to see the market tap in to the 4h zone to trigger the entry
During the European session on Tuesday, the spot gold market saw significant gains. The price of gold began to rise linearly from around US$2,344/oz, reaching a maximum of US$2,356.81/oz, setting a record high. Gold prices have risen more than 17% since mid-February, a rise that occurred without any apparent trigger, causing confusion among some market watchers....
🕵️♂️ Let's analyze the GBPCHF forex pair for trading in futures. 📉 This currency pair is mostly bearish in higher time frames and cycles, indicating the recent weakening of Great Britain over the past few years just from the chart. 💪 In the 4-hour timeframe, we've had an uptrend and reached a significant resistance in the daily and weekly range around 1.14731,...
I did not trade today and waited to see the market movements. Now I can tell you with more confidence that unlike registering a new ATH, gold is probably now in a downward channel and its downward targets will be 2325, 2306, 2290 and 2275 respectively.
Not looking good for tech sector and the big indexes that are overweight in tech sector.
Last week, the EURUSD hit a significant level of support and formed an inverted head and shoulders pattern, which led to a bounce and a break of the neckline. This indicates strong buying pressure and suggests that the market may continue to rise after retesting the broken structure.
Today’s gold trading conditions are as follows: 1.Xauusd:@2358-2360 Sell, TP:2347 Profit: + $6618 2.Xauusd:@2364-2366 Sell, TP:2347 Profit: + $8615 3.Xauusd:@2338-2340 Sell, SL:2347 Loss: - $3973 The trading profit so far today is: $11,260. Gold hit a new high today again, hitting a maximum of around 2,365. Gold still maintains a strong upward trend. But in...
📊Analysis by AhmadArz: 🔍Entry: 0.571 🛑Stop Loss: 0.553 🎯Take Profit: 0.588-0.604-0.622-0.632 🔗"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!
On 4h TF Ripple XRP is trading in Triangle Pattern, it's moving to apex zone now So wait for a break the descending line out
Take a look how EURGBP reacted to a daily falling trend line on a 4H time frame. The market started to consolidate within a narrow range and was stuck within for 2 trading days. Today we see a strong bearish movement with a confirmed violation of the support of the range. It indicates the strength of the sellers. We can anticipate a bearish movement lower,...
These same algorithms have been playing out time and time again for years. We need to see our strong yellow activated to break us out of controlled selling teal but more importantly out of our controlled buying green. Green is a bull's worst enemy and although there are intra-day and smaller time frame trades to be taken within, on the HTF it is constantly being...
Tesla Trading Indicators is Strong Bullish Target-1 = 196 (13%) Target-2 = 336 (94%)
Movements to be made as soon as we decide whether we've built enough liquidity in our teal tapered selling algo or if we need to dig deeper in stronger selling magenta and find support and a more tapered blue buying continuation. Will update as price develops! Happy Trading :) - TraderDaddyOG
Will be looking to enter a short here if we do fail teal controlled selling and see that magenta is in control. I expect price wants to come down to at least purple buying continuation to find support for a continued move upward. Happy Trading :) - TraderDaddyOG
Soooo I've been playing around with mapping out the Elliot Wave Theory, and it looks like we're gearing up for a bullish reversal with Wave 5 shaping up. Based on how things are moving, we could see the price dip a bit more to 1.07574 sometime next week. There's a good chance we'll see the 'power of 3' in action, along with some side-stepping as the market...
In this video, I shared my view on the AUDUSD. The bears could ambush the bulls at the next minor swing level of the 0.66600. Your opinions are welcome in the comment box.
PEPPERSTONE:XAUUSD OANDA:XAUUSD FXOPEN:XAUUSD Through the analysis of the golden hour chart, we know that gold broke through a new high as expected and reached the upper line of 2365. We can see from the chart that the short-term adjustment has ended in the strong zone and there will be further upward breakthroughs. The next target level remains...
Trading Plan for Tuesday, April 9th, 2024 Market Sentiment: Consolidating within a tight range. Expect a breakout or breakdown with the potential for increased volatility. Key Supports Immediate Supports: 5246, 5232-35 (major), 5221, 5212, 5207 (major). Major Supports: 5196-98 (major), 5181, 5172 (major), 5155 (major), and many more. Key...