Looking at the H4 chart, my overall bias for USDCAD is bullish with the current price being above the Ichimoku cloud, expecting the price to go down to retest at the overlap support at 1.34570 which is my buy entry. Take profit will be at 1.36900, where the key resistance level is. Stop loss will be at 1.33569, where the overlap support is. Any opinions, news,...
Looking at the H4 chart, my overall bias for BTCUSD is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. Looking for a buy stop entry at 25270.00, where the recent high is to ride the bullish momentum. Stop loss will be at 23815.00, where the overlap support is. Take profit will be at 28686.37 where the overlap...
It's crazy. 2 years after the hammer being dropped on XRP, we are weeks away from a potential end. Or worse yet, a potential extension to the case where we goes to trial. At this point, XRP's fate is basically a 3 sided coin toss. Lawsuit ends favorably for XRP 33% chance. Lawsuit continues via a trial 33% chance. XRP is a security 33% chance. This puts the risk...
Looking at FX 1-week implied (options) volatility, we are guided by how the market sees the upcoming event risk impacting how far price can extend and subsequently our potential trading environment. It’s the percentile rank that jumps out here, as most FX pairs and gold are closer to the bottom end of their own 12-month range – in essence, the market is not...
Price touched the significant support Last week longing to retest the sell zone. For This week Weekly Resistant: 1861-1865 Weekly Support: 1799
The Gold keeps making falling waves under 1865$ and the consist under 1848$ make it lose more in the future, I see that the gold will keeps falling, this feeling is supported by the last data that's coming (the increasing in inflation and decreasing unemployed rate ) .
Based on my analysis, DXY broke out of its previous descending bearish channel last week, and I'm currently anticipating a sustained bullish trend in the coming days or weeks. I have identified specific price levels as potential targets, which are shown on the chart. However, if the market retraces back into the bearish channel, this could potentially invalidate...
With public holiday's in both USA and Canada tomorrow, I expect a quiet start to the week for this pair. On Tuesday it's Canada CPI which has been falling. Bank of Canada have just paused its rate rises as it expects inflation to come down to around 3% by mid-year and 2% in 2024, so if inflation continues to fall this should be negative for the CAD. On the...
This is pre-market analysis for this week. After breaking out of the downtrend channel, USDJPY had a significant push up. I believe market moves from one key zone to another as highlighted in blue on my chart. There is a resistance at the current key level, if market breaks rhe current key i expect more uptrend, in the mean time, there would be a small...
LIKE AND COMMENT Waiting react in origin OB, small SL of 14
Supply Zone: 1.0770 SL: 1.0784 LIKE AND COMMENT
Hello Traders ! Thank you for taking the time to check out my trading idea. USD/JPY has retested quasi support of 130.00 which is also the previous point where there is visible change of character within the trend. This was initially prompted by a 500k + job increase for US's Feb NFP Job report. This pair failed to break below the key level 130 where bulls last...
First DXY breakdown we have posted, overall we wanted to show you the correlation between the other USD pairs that we posted today and overall how you can use this as a correlated trading pair. For anyone that doesn't know, the dollar index directly correlates to any pairs with the US dollar... If you look at this chart matched with any of the US dollar charts...
For those who do not already know about this coin, it could be worth looking into.With a market cap of $665,700,000 at the point of publishing this piece some would say it will be hard to do anything amazing. We beg to differ as even if it doesn't go on to do amazing numbers in times to come, it is definitely a coin we can get some X's off of. The use case is...
Hello, I rely on ICT concepts for my trading. I would like to share a trade idea for Monday, February 20th, 2023. Fundamentals Recap on last week In January, prices for food, energy, and housing in the US went up, causing inflation to rise by 0.5% and a 6.4% increase compared to the previous year. In February, the NY Fed's manufacturing survey showed some...
As you can see, Bitcoin has started its upward trend, but there are important resistances ahead that we will examine. After three steps of movement, there was a reversal, which failed to engolf the trend base, so it can move up to step 4, which we have specified, and from there it will test the first drive again, and if it cannot engolf the first drive, it will...
Hello all! Hope you are doing well! Like shared last week in a recorded video projecting potential XAUUSD movement. The pair continued to the downside and is still yet to retrace before selling more.. I will still monitor the POI marked near 187x and look to take a SHORT position. One thing i can advice is, DO NOT BUY GOLD! When we get a downtrend where Supply...
Hey traders, Here are the important key levels for you to watch next week on EURUSD. Resistance 1: 1.099 - 1.014 area Resistance 2: 1.08 - 1.085 area Support 1: 1.048 - 1.052 area Consider these structures for pullback / breakout trading. ❤️Please, support my work with like, thank you!❤️