weekly chart breakout with volume..good risk reward..position stock for 1 month...
Ethereum forming a bullish correction in weekly timeframe, and we're in the weekly resistance zone around $1,687 USD-$1,878 USD. Now, it's very important to analyze with some carefully and don't believe that tis track look bullish in the price movement, but EMA lead the trend to bearish. Right now, if we se in the next weeks a bearish rejection, we could to expect...
This setup looks crazy, right? That is precisely where AUDCAD is headed. I hope this is a pair that you won't overlook. Trade with care.
Apple show us an interesting good position to find long. But I prefer to wait some weeks to know the reaction in Forex market for another hand to be with my own sight to invest in stock market. Also, I'm taking course to invest in stock market. As I'm a peple that know much in Forex and cryptocurrencies. I want to be educating in this market. This it's my own...
S&P 500 still in this re-distribution zone to continue in this bear market where we could to look a next objective to find down 3475 pts in the next weeks. Using Fibonacci analysis, the price still around in the 0.618% Fibonacci Golden zone to sell in that smart point, For reference ,we could to analyze Daily chart and look any bearish signal in the...
GOLD is heading towards a weekly demand zone. If the Price reaches its weekly demand zone and gives us proper rejection then we have a good long buying position in GOLD . But first, we need proper confirmation because selling pressure is more than buying pressure.
Weekly still under 200MA and respecting the 19k level so far. Price far away from weekly 20MA could likely test if gets weekly close above 22.5k range. 28k-30k next swing move if 200ma clears on weekly.
The AUDCHF chart printed the strong PA signal (DBLHC) at the key level in the weekly chart and indicating strong uptrend move for upcoming days. The Daily chart perfectly align with weekly trend and it printed the multiple PA signals (Two Bar fakey) in the same level. Yesterday day it printed the another confirmation Fakey which provides additional confluence. ...
Hello traders, USOIL might not follow us to test new low next week. But at least we got part of that right, it made a support by reaching 104-105. On weekly right chart, I would see a possible ABC "Z" pattern is ongoing. Price could reack wkly resistance zone agian. On 6h left chart, ABC wave on this timeframe chart is ongoing. It could reack fibo 1.27 ...
Hello traders, Lets have a quick review on GOLD for last week. Gold continue down to reack last low to finish a ABC wave on 4h chart. And it rallied up on the 1st day of July. It could go back to 1828 before making a new swing down. On wkly chart, I would prefer to see sideways price action before making a new leg down. So from next Tuesday, you should...
Hello traders, GBPJPY made a good trade for us last week with Reward to risk rate higher than 4. 2906 GBPJPY broken channel for sellers with RR>4 Just a simple broken channel strategy. Now taking back wkly chart to review, this pair's price action just a simple sideways movement above wkly EMAS. It would finish sideways on wkly chart soon to make a wkly...
News background: G7 embargo to ban Russian gold imports On June 26, US President Joe Biden announced that the G7 countries (USA, UK, Germany, Canada, France, Italy and Japan) would impose a ban on the import of Russian gold. According to US Secretary of State Anthony Blinken, the refusal of the G7 countries to import gold from Russia will deprive it of about $19...
The DXY is a Sniper's ISR (RSI in REVERSE) We know that makes the yang most US BASE PAIRS. Therefore we leverage this objective wisdom in the markets as we formulate strategies and formulas to trap price and ride the TREND$ into the promise land of PIP$. These pip$ are only reserved for Snipers and BIG MONEY. So the narrative for this set up is when yang goes...
GBPUSD closes above strong support signaling reversal. Price has bounced on the monthly support, RSI bullish divergence on the Daily timeframe, and the fact that the price has closed above the support forming a reversal candlestick on the weekly timeframe, all suggest bullish movement in the coming week. It's recommended to enter on buys at the current support...
BULL: • 110.315 • 114.740 • 119.304 BEAR: • 101.326 • 95.518 • 89.848 I know that the President is trying to keep oil prices low in the U.S. which explains why oil dropped as low as it did. That, and it had a gap to close according to my broker. Now that the gap is closed, trying to see if oil will make a new lower low this week, or will we hover above...
#SPX - After seeing over a week of consolidation we finally broke out to the downside. Selling continuation fueled by bad CPI Data on Friday saw us quickly drop back to our 3900 Target. For this week if we can not hold above 3900 we can see continued downside. Under 3900 we should see 3877, 3853, 3817 areas next before a 3800 test. We will have Feds this week as...
After struggling to cross 50 EMA resistance Nifty on Friday crossed it finally and the momentum helped it to cross 200 days EMA too. But the joy was short lived and 200 days pushed NIFTY downwards so hard that end of Friday the indices where reeling under both 200 and 50 EMA as you can see in the chart. Now NIFTY will look to find a support again. Only after...
In this quickly analysis. I'm shorting XRP right now and I see that the price it's make a descending the price in these days that we have it. So, I use the Astroforex, similar that I use in Forex Daily analysis and work better to identify entries in the trend. Also to share, in weekly timeframe we keep bearish in this trend and I'm bearish in XRP I'm shorting...