ChampsMoneyConcepts

ChampsMoneyConcepts

📈Bitcoin has respected the highlighted key area and looking for a possible reversal back up. Here we expect to see another revisit back towards the all time high region or even a higher level close or above $80k next. We are required to identify a valid bullish setup under the lower timeframes.

ChampsMoneyConcepts

CHFJPY has created a bearish breakout on the hourly support which is likely to continue the bearish momentum to the downside once the price completes with the pullback formation. Expecting a downfall towards the bottom support identified.

ChampsMoneyConcepts

USOIL is slowly laddering up to the upside inside a bullish channel. Here we expect a bullish breakout and a continuation to take place over the key level formed on top. If the breakout happens as expected we may see a rally towards $90-$93 region.

ChampsMoneyConcepts

Gold created a strong bullish breakout on the key level formed with the inverted head and shoulder pattern. Here we witness a potential move back towards the recent highs formed close to $2210

ChampsMoneyConcepts

Amazon just confirmed a bullish breakout on the identified minor resistance level created with the consolidation zone. Expecting a move back up towards the previous high created.

ChampsMoneyConcepts

Goldman Sachs Respected the Resistance area which is likely to create a reversal ahead followed by the sell zone identified.

ChampsMoneyConcepts

Bitcoin has recently surpassed its previous all-time high and breached the resistance level that had formed. However, there appears to be a minor selling pressure, suggesting a potential pullback to retest the previous resistance level before initiating the next rally. Notably, during the previous sell-off, a target level around $102k was maintained, corresponding...

ChampsMoneyConcepts

EURJPY adhered to the supply zone's boundaries and executed a bearish breakout from the rising wedge pattern. Consequently, we anticipate a downward retracement following the confirmation received.

ChampsMoneyConcepts

The AUDCHF has formed a triple bottom pattern, suggesting a potential bullish breakout pending confirmation on the highlighted neckline/key level. Additionally, there has been a recent breakout of the trend, indicating the possibility of a bullish rally towards the $0.61500 region.

ChampsMoneyConcepts

Bitcoin has approached a significant resistance point near $68,000, where previous selling pressure has been observed. There is a possibility of a false breakout at this level, potentially followed by a liquidity sweep and a subsequent correction phase before the next upward surge towards a new all-time high. A retracement towards the $60,000 to $50,000 range may...

ChampsMoneyConcepts Updated 

On the hourly timeframe, gold has formed a rising wedge pattern, suggesting a possible downward movement from its recent peak near $2160. Additionally, there's a distinct gap below $2120 indicating an imbalance that necessitates a retracement to fill it. This retracement is likely to target levels around 50% to 61% on the Fibonacci retracement scale.

ChampsMoneyConcepts Updated 

Gold has experienced remarkable growth lately following a breakout in the supply zone. The impulses have completed the 5th wave, signaling a potential downward shift, especially with the anticipation of positive NFP data. We foresee a retracement towards the highlighted supply zone, notably around the $2080 mark, a significant price level. Testing both the upper...

ChampsMoneyConcepts

The CADJPY has recently confirmed a bearish breakout from a rising wedge pattern. This breakout follows a prolonged period of strong bullish momentum. With this bearish setup confirmed, we anticipate a retracement in price. Furthermore, a significant supply level has formed at the peak, suggesting increased selling pressure may ensue.

ChampsMoneyConcepts

The AUDCHF pair has validated a trend breakout on the daily timeframe, indicating a potential shift towards bullish momentum. This is further supported by the identification of a triple bottom formation within the daily demand zone. Anticipated is a bullish rally targeting the highlighted key level.

ChampsMoneyConcepts

Since March 2020, the US100 index has shown a robust market structure. However, there's now the emergence of a rising wedge pattern under the daily timeframe, indicating a potential short to mid-term bearish trend. If a breakout occurs below the lower boundary of this rising wedge pattern, there's a possibility of a retracement or revisiting of the previous...

ChampsMoneyConcepts

The mRNA stock has exhibited a bullish flag breakout, following the identification of a falling wedge pattern. We anticipate a potential retracement towards the prominent key level near $130, which was established at the top.

ChampsMoneyConcepts

JPYX has returned to the earlier demand zone highlighted across both hourly and daily timeframes. Additionally, we've observed the fulfillment of a five-wave count within the current bearish trend, suggesting the potential for a reversal at this established demand zone.

ChampsMoneyConcepts

AUDNZD is once again testing the key demand zone identified on the hourly timeframe. We anticipate a bullish reversal to occur, potentially leading to a revisit of the upper boundary of the established bearish channel.