Hey Traders, in today's trading session we are monitoring AUDUSD for a selling opportunity around 0.665 zone, AUDUSD was trading in an uptrend and seems to be attempting to break it out after a bunch of fed hawkish comments about the coming monetary policy on early May and another potential rate hike. Technically if we get dips below 0.665 we will monitoring a...
AUDUSD - 24h expiry - Previous support level of 0.6619 broken. We are trading at oversold extremes. A higher correction is expected. Previous support located at 0.6564. The hourly chart technicals suggests further downside before the uptrend returns. Preferred trade is to buy on dips. Although the anticipated move higher is corrective, it does offer ample...
Details on chart - looking to see more buys continued on Gold after continuous poor US data
Yesterday we saw an impulse decline in EURUSD. This means that the rise has no strength for now and it’s more likely to heading towards test of the low at 1,0900. Depending on weather we see breakout of the bottom or pullback , the next trades will be confirmed. There are conservative and aggressive options for entries. With the conservative one it’s necessary...
SLO @ 0.6700 ⏳ SSO @ 0.6575 ⏳ TP1 @ 0.6460 (shaving 25%) TP2 @ 0.6350 (closing all sell positions) BLO @ 0.6325 ⏳ ADDITIONAL INFO: 00:00 Shout Out to @kristonperry 00:42 Supply Zone / Sell Limit Order 01:00 Support / Sell Stop Order 01:20 Position Sizing @ ~2-3% 01:50 Shaving 25% @ each TP 02:54 Demand Zone 2, preferred 04:40 Boost, Follow, Comment, Join
A strong bullish trend has developed on the 1-hour chart of USD/CAD, which is underscored by its timely yet shallow retracements. It's found support along the 10-bar EMA to show bullish momentum is increasing and the OBV (on balance volume) is trending higher with prices. A retracement has also found support around the weekly R1 pivot and the high of a prior...
– Previous Daily candle closed Bullish at 1997.100 respecting Daily Support formed on Monday 24th April 2023. – Buys on close above 2003.900 targeting Weekly Resistance at 2008.000, Leaving Runners to the 1h Resistance formed at 2012.300. – Sells on close below 1994.500 targeting 30min Support formed at 1989.500, Leaving Runners to the 4h Support formed at...
Major Indexes in the US moved lower led by the Nasdaq while Europe is expected to play catchup when they open for the coming session and open weaker. Sentiment turned sour after some key companies either missed the mark on earnings or guided down while economic data came in weaker than expected triggering recession concerns again. The action was 'risk off' which...
EURUSD is near the MA100 (1d) which has been holding upon contact since April 10th. So far the price is inside the Channel Up. Trading Plan: 1. Buy on the current market price. 2. Sell if the price crosses under the Channel Down. 3. Buy on the MA50 (1d). Targets: 1. 1.11000 (the 1.236 Fibonacci) 2. 1.07880 (Support 2 and MA50 1d). 3. 1.11845 (Resistance...
AUDUSD has been trading below its 100-day and 200-day moving averages, indicating bearish pressure. However, it has recently broken out of bearish flag pattern. But its currently facing a strong support level as seen on the daily chart: Upon analyzing the 4-hour chart, we can predict a potential rebound from the current support level to retest the previous...
HI People Welcome to Decrypters A potential TRADE SHort Setup for EURCAD Swing Setup
SLO @ 1.1065 ⏳ SSO @ 1.1040 📉 +69 pips or +690.00 USD *️⃣ +SL @ 1.0990 🚫 +50 pips or +500.00 USD*️⃣ TP1 @ 1.0975 (shaved 50%) 🤑 TP2 @ 1.0933 TP3 @ 1.0900 ADDITIONAL INFO: 00:00 Reviewing Our Analysis 00:41 We Took Profit @ TP1 🤑 00:59 +SL @ 1.0990 (80m) 01:22 New SLO ADDED @ 1.1015 (80m) 02:30 Boost, Follow, Comment, Join 🤑 Net Equity is @ +69 pips or...
Silver buys are holding up nicely & still holding their bullish structure. Running nearly £10,000 in profit. Long term we are still targeting HKEX:34 - HKEX:36 & possibly even higher👀 We'll see how price action reacts once it reaches our target. This analysis was posted live back in 2022! Drop a like/follow and let me know what you think✅
Market appears to be getting ready for a nice move to the downside for about 500 pips. Monthly has not made much gains over the last several weeks. Weekly structure created a double top and last week ended bearish. Daily is retesting previous support now turned resistance. If this daily candle today ends bearish, then I believe we could see a nice drop in gold.
Like the title says, I see BTCUSD having a great long term trend upwards. But I also see some points where it could be shorted as it fluctuates below certain levels (indicated in yellow) In short ANYTHING under 35k is 100% a buy for me this year. but better buy points are indicated in Yellow zones. buy on the way down and selling at the tops of the channel...