GOLD bounced off the support level and retraced to resistance and the fibo golden zone. The market created the kill zone, where we have dynamic resistance and fibo level 61.8%. Price has already reacted to the level by dropping -2.5%. If the market prints the pinbar or engulfing candle, it's going to be a good confirmation to short the...
EURAUD broke out of the descending channel. The market is pulling back to the resistance level after testing the support level . Price action is printing HLs and LLs and is likely to go down from the resistance level, trendline (dynamic resistance), and fibo cluster. ------------------- Share your opinion in the comments and support the idea with like. Thanks...
EURUSD is moving in a descending channel. It bounced off the support following the double bottom. The market is in a bearish trend, so there is a kill zone near the 50% fibo retracement. On the daily timeframe, we have a red candlestick indicating bearish dominance. We expect a rebound from the kill zone. ------------------- Share your opinion in the...
EURNZD is near the resistance at 1.81000, which is a psychological level as well. It is trading in the descending channel. Price made a pullback. There's a nice confluence zone to short at the resistance level. We expect a retest of the support level . ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
AUDNZD has reached structure resistance. It bounced off the psychological level at 1.092000 The market created a kill zone: the major trend is bearish, resistane, and fibo. We expect a pullback from the resistance since the major trend is bearish. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
GOLD is pulling back following the retest of the support level. The confluence level is created for shorting opportunities: a bearish harmonic pattern, dynamic resistance, and strong resistance at the 1920 and fibo clusters. Most likely, we will see some pullback from this resistance. We anticipate a pullback from resistance since the major trend is...
AUDCHF is slowly approaching the psychological level at 0.58000, fibo cluster, resistance, and dynamic resistance. Price action has previously reacted to the resistance level by dropping from it. This recent bullish move is a pullback against the major bearish trend because the trend on the 4-hourly chart is bearish. We expect the price to bounce off the...
GBPUSD dropped by breaking the support level at 1.24500, which became the resistance level. The market created the fibo cluster at the resistance level. Price tested this level multiple times, showing its significance. We expect a move down since we have bearish trade. ------------------- Share your opinion in the comments and support the idea with a like....
GOLD is consolidating on the hourly chart. It's testing the support and dynamoc support. Since the trend is bearish, we keep looking for selling opportunities. The market is printing the equal-measured move. If the market breaks and closes below the consolidation zone, it is most likely to complete the AB=CD move. We anticipate a pullback to resistance and to...
GBPAUD is testing the support level. It created a double bottom. The market has printed an equal measured move AB=CD, where D completion is right at support level near the buy zone. We expect a fibonacci inversion trade and a short-term pullback from support and dynamic support. ------------------- Share your opinion in the comments and support the idea with...
AUDUSD is trading in the descending channel and has made lower lows. The price rebounded from the channel border resistance and fibo level. Price action formed a kill zone for the short opportunity: fibo level 50.8% and dynamic resistance and divergence as extra confirmation. We expect a bearish move from the kill zone. ------------------- Share your...
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GOLD market is making lower highs and lows. It is creating a potential AB=CD pattern and bearish flag pattern. Price created a shorting opportunity where we have resistance and a 61.8% fibo level that line up with it. If the market pullbacks to a resistance level, a pinbar is going to be a good signal to short the market. ------------------ Share your opinion...
CHFJPY is trading in the descending channel. The market is testing the resistance level, golden zone, and dynamic resistance. Price action is printing lower lows and lower closes, indicating bears are in control. The price is likely to test the support level. ------------------- Share your opinion in the comments and support the idea with like. Thanks for...
GBPCAD is decelerating at the support level, creating a bullish harmonic pattern. Price action created a double bottom with divergence at the level, indicating buy pressure. The market is testing the psychological level of 1.69000, and the fibo level lines up with it. We anticipate a bullish move. ------------------- Share your opinion in the comments and...
GOLD is moving sideways in the ascending channel. The market decelerated while approaching the support level, which may lead to a pullback. Price action is likely to continue consolidating until the new trend is confirmed by a breakout of the support or resistance. ------------------- Share your opinion in the comments and support the idea with like....
GBPJPY is trading in the descending channel. The market broke and closed below the psychological level at 184.000. Price action is printing the AB=CD, and it creating the engulding candle, indicating bearish dominance. We expect a retest of the support level. ------------------- Share your opinion in the comments and support the idea with like. Thanks for...
AUDNZD is currently testing a major resistance level following a breakout of the descending channel. It's decelerating while approaching resistance and fibo inversion levels.The market is creating a divergence and a bearish harmonic pattern . We expect a pullback from this resistance level. ------------------- Share your opinion in the comments and support...