UKOIL was rejected at resistance at 84.00 before. Price is printing potential for a double-top. The oil market is consolidating on the 4H chart. We anticipate further consolidation and a bounce off the resistance level. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!
NZDCAD moved out of the descending channel, and it's basically consolidating. The market broke and closed above the structure shelf at 0.8237 level. Price is overextended, creating the AB=CD pattern or equal measured move. We anticipate a bearish move from resistance and the fibo level. ------------------- Share your opinion in the comments and support the...
GOLD spiked up and tested the resistance, indicating the bears are in control. Price is going up to the resistance level where it dropped before. Essentially, it is in the consolidation zone. We anticipate a bearish move following a breakout of the dynamic support level. ------------------- Share your opinion in the comments and support the idea with Like....
EURJPY moved higher to the resistance level in the ascending channel. There's a nice kill zone to short at the resistance level, a fibo cluster, and a bearish harmonic pattern. We expect a bearish move since it reched the psychological levle at 161.000 and completed the AB=CD pattern. ------------------- Share your opinion in the comments and support the idea...
GOLD is making lower lows in the descending channel. The market is consolidating after a drop from the resistance level and 50% fibo level. Price is testing the reaction zone where price dropped twice. We expect further consolidation until the new trend is confirmed by a breakout of the support or resistance. ------------------- Share your opinion in the...
GBPJPY broke and closed below the psychological level at 187.000. The market is creating the AB=CD pattern, which is basically an equal-measured move. Price is most likely to go down from its level because the market is printing a bearish harmonic pattern on the 4-hourly chart. We expect a sharp bearish move. ------------------- Share your opinion in the...
NZDUSD is trading in the descending channel. Price pulled back from the support level. There's a kill zone level where resistance level 61.8% fibo perfectly lines up with it. The market is consolidating near the psychological level 0.61000, creating divergence. We expect a bearish move to complete the AB=CD pattern. ------------------- Share your opinion in...
GOLD bounced off the support level, with the lower border of the channel going up. The market is creating a bearish harmonic pattern at resistance and dynamic resistance. We expect a bearish move since harmonic patterns are prolific in consolidating markets. ------------------- Share your opinion in the comments, and support the idea with a like. Thanks for...
AUDJPY broke and closed below the resistance at 97.000, which is psychological as well. The market also broke the ascending channel, indicating a trend shift. Price at confluence level, where resistance is at 97.000, dynamic resistance level, and fibo level 61.8%. We expect a bearish move from the confluence. ------------------- Share your opinion in the...
GBPAUD is in the consolidation phase. As you can see, the market is just consolidating between support and resistance. Price created the kill zone where there's a bearish harmonic pattern and dinamic resistance. We expect a bearish move and a retest of the support level. ------------------- Share your opinion in the comments and support the idea with a like....
GOLD is approaching the support level and channel border. Price tested the support level and bounced off before. Price is decelerating while approaching the support and 127.2% fibo extension level. We are looking for buying opportunities at the major support level. ------------------- Share your opinion in the comments and support the idea with Like. Thanks...
GOLD is consolidating in the ascending channel, making lower lows and higher highs. The market is consolidating after a retest of the support level and lower channel boundery. Price is testing the reaction zone where it bounced off a couple of times. Price action is likely to continue consolidating until the new trend is confirmed by a breakout of the support...
EURAUD reached the kill zone: support and 50% fibo level, bullish harmonic pattern. Price pulled back to the support zone with deceleration and is now in an oversold condition. The market is trading near the psychological level 1.65000. We expect a retest of the resistance level. ------------------- Share your opinion in the comments and support the idea...
NZDCAD is moving in the descending channel, and it has made lower lows. The market broke and closed below the support level, which became a resistance that was respected before. We anticipate a bearish move from the resistance level at 0.82000 which is psychological level as well. ------------------- Share your opinion in the comments and support the idea...
This educational post is great for beginners who are just starting to grasp the concept of SMC. We've already talked about what an order block is. This time we'll talk about other types of blocks in trading. ✴️ Mitigation Block Mitigation Block is a sell or buy zone, which is formed when the market structure (BOS) continues. In other words, it is a broken order...
EURNZD is currently pulling back from the resistance level to the support level at 1.77000. After testing the ascending channel border, the price fell by completing the D point of the AB=CD pattern. We expect a trend continuation trade from the kill zone: support level, and 50% fibo level. ------------------- Share your opinion in the comments and support the...
AUDCHF is in consolidation zone on the D chart. The market decelerated at the support level and rebounded following the double bottom, then it created the divergence. We might see some sharp moves because the price has reached daily support level. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
GOLD created a bearish harmonic pattern where the D point is at the resistance level. The market bounced off the resistance and the fibo golden zone. The market is moving to resistance levels and dynamic resistance, where we have confluence to short the market. We expect a rebound from the resistance and go down to channel...