GOLD on the monthly chart is moving inside and historical ascending channel.
The price after hitting the historical highs started a retracement move until the 0.5 fib level over the exponential moving average almost at the 0.618 fib retracement.
On the daily chart, the price tested the top trendline of the descending channel and retraced until the 1860 area below...
RLCBTC bounced on weekly support and now the price is testing daily resistance.
IF the price will have a breakout upward, We can set a nice order on the retest, According to Plancton's strategy, we can set a nice order
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure...
So we respected a bearish harmonic on the daily. But this multi-day consolidation is preparing for a big move.
But I'm curious will the move be strong enough to break the monthly zone of 136.218 and make a bigger push down if this is going to be a major short?
Otherwise, I do see a bearish engulfing as the last candle sitting on this daily zone. So it may be...
This is a EURGBP chart. In this, the major trend is up.
in history, the price has given 4 times of respect to the major trend. on 29 December price is making a new high,
sellers are entering on this signal breaking the major trendline and by making an excess price from 78.6 % of the level is going high.
here supply gets converted to demands and the intermediate...
This is the weekly analysis of the Major Index Pairing. We pair the currencies based on their individual strength and weaknesses.
@DXY: Dollar Currency Index
PHASE: TREND CYCLE B
WAVE: WAVE 2 COMPLETED
@EXY: Euro Currency Index
Hello traders! This is the Weekly Market Update for the week ending on 13th of November 2020.
1. Lets get started with the performance of the major indices day by day first.
On Monday we had strong gains for Dow Jones and S&P 500 - news that the experimental coronavirus vaccine co-developed by Pfizer and BioNTech prevented more than 90% of infections in a...
EURJPY Analysis: Looking to buy from the below demand zone
Trend: Overall Trend is Bullish. Price has been oversold as well with consecutive lower lows on lower timeframe.
Trade Idea: EURJPY has been retracing towards the demand zone. The main confluence here is that a strong key level is coming on the way which has the ability to reverse the price. Fresh Demand...
Gold made all time high in 2011 after 2007 financial crisis. How just one trend line predicted current bull mark with two buying opportunities.
Trend lines are the most popular technical analysis strategy among trader and investor. Since investor invest for long term, weekly chart is their favorite where all investor's consensus see clear about price
GBPJPY has been moving radically inside of a Daily zone. Price has still failed to retrace back into the Daily trend it broke out of in September. I think a pull back is due, so a momentum shift may occur to the upside. Price has been having a lot of trouble in the 136.000 zone, so a pull to either side is possible. Multiple confluences gives me a Bullish...
Gold looks like it'll continue to drop this week according to the technicals on the higher timeframe. It looks like it's just a flag. If we don't drop right away, we'll retest the monthly 1924.42 zone more time before to dip. I also added Bull TPS in case it can break the downtrend.
The overall move is down for AJ until it reaches the weekly zone -- maybe. I'm waiting to see if we make it to the weekly and breakthrough to the monthly level to determine the next move…if we can make it. If not, we'll bounce off the weekly and go bullish.
As you can see for the bullish move, I'm not looking for it to go too far up this week, especially with...
UC looks like it's making a move to the daily 1.30357 zone one more time to see if it can get through or bounce up once again.
Got a strong trendline crossing through the weekly 1.32539 zone, so not sure if price will be strong enough to get through it this week. As always, I left TPs if something in the news jukes it up. For now, I'm trading with the overall...
EJ had a big drop all week so this week looks like it can be a pullback before continuing down if it cannot beat the 124.187 zone or the 124.516 which would retest a bearish engulfing from the daily.
We're currently sitting inside a weekly zone, so we'll get a nice move out once price breaks out.
We are in a bearish channel until we break out of it. I'm not...
Waoh, lookin in weekly timeframe, we see that Litecoin is leave in the end phase that holders is prepare to see a Litecoin so bullish!!!
As Litecoin is into this grant accumulation zone, it's a good opportunity to buy Litecoin in long-term, well, my target profit will be the maximum that was $400 USD, this $400 USD was the Litecoin maximum price reaching...
with last week going just as I planned I am looking for this week to be profitable too, with a key level of resistance just being broken I am looking for price to come back down and retest the area and then rise again, the real question is will the downwards channel get broken or not?