UKOIL is trading in the descending channel. Price broke and closed below the resistance level at 83.00. We can see the market has created a consolidation zone around this level, which means it's an important level. We anticipate a bearish move by completing the AB=CD pattern. ------------------- Share your opinion in the comments and support the idea with a...
GOLD is currently testing the weekly structure resistance level. It's approaching the kill zone, where we have major structure resistance and fibo extension levels of 161.80%. The market created a divergence and price deceleration on the hourly chart. We expect a pullback from this resistance level. ------------------- Share your opinion in the comments and...
CADJPY is moving in the descending channel and has made lower lows. The price is creating a potential AB=CD pattern. Price action formed a kill zone for the short opportunity: fibo level 38.2% and reaction zone. We expect a bearish move and the completion of the AB=CD. ------------------- Share your opinion in the comments and support the idea with a like....
GBPCAD market is trading in an ascending channel. It made the same pullback as before. Price is making higher highs and higher closes. It bounced off a psychological level of 1.72000. We expect a trend continuation trade since the major trend is bullish. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
EURAUD is approaching the psychological level at 1.65000 and the channel border. Price is trading in the ascending channel, which acts as dynamic support. It created a confluence level where we have a psychological level, a 61.8% fibo level, and dynamic support. We expect a rebound from the support. ------------------- Share your opinion in the comments and...
AUDCHF is slowly approaching the resistance and fibo extension levels. The market has previously reacted to the resistance level by dropping. Price created an equal measured move, or AB=CD pattern. We expect the price to bounce off the resistance and retest support. ------------------- Share your opinion in the comments and support the idea with a like....
Jesse Livermore is one of the most famous and successful traders of the last century. During his lifetime he was nicknamed "The Great Bear" because he actively sold stock assets during the Great Depression and managed to make a multimillion-dollar fortune. Wikipedia mentions that Livermore made and lost significant sums on the stock market more than once during...
GOLD is consolidating following a bounce off the support. It made a new extension by breaking the resistance. The market is creating the AB=CD pattern on the hourly chart. We expect a breakout pullback continuation opportunity at the support level and 38.2% retracement level. ------------------- Share your opinion in the comments and support the idea with a...
USDCHF is trading in the ascending channel, but the market reached 50% of the bearish move on the D chart. The market is putting bearish pressure on the support level, and most likely it will break the support, creating the AB=CD pattern. Price made two false breakouts of the resistance level at 0.886500. We expect a breakout of the channel and a bearish...
GBPAUD is currently pulling back from the resistance level to the support level and 38.2% fibo level. Price tested the ascending channel border and bounced off it. The market is in a bullish trend, making higher highs and higher closes. We expect a trend continuation trade from the kill zone, support level, and fibo level. ------------------- Share your...
EURJPY is making higher highs and higher closes on the 4 hourly chart, indicating a bullish trend. The market broke and closed above the reaction zone, which is the support level. We expect a breakout of the level, a pullback to it, and then a continuation of the trend since the major trend is bullish. ------------------- Share your opinion in the comments...
AUDUSD is moving in the descending channel, creating a potential AB=CD pattern. Price broke and closed below the consolidation zone, and it created a kill zone for the short opportunity. We expect a bearish move from the kill zone and completion of the AB=CD. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for...
GOLD reached a major resistance level on the D chart following a channel breakout. The market pulled back from it, creating a bearish move. Price made a double top on the hourly chart. Most likely, the market will pull back after such a move. We expect a counter-trend trading opportunity. ------------------- Share your opinion in the comments and support...
GBPCAD market is trading in an ascending channel, with higher highs and higher closes. The trend is bullish on the higher timeframes. Price printing the AB=CD pattern. We expect the completion of the AB=CD pattern, pullback to support, and continuation. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!
AUDCHF is in sideways movement on the D chart, indicating a consolidating market. The market is trading in the descending channel; it rebounded along the border of the channel. Price dropped from the level and 61.8% fibo retramcement level. We might see some sharp moves from the resistance. ------------------- Share your opinion in the comments and support...
DXY could not go higher and failed to break through the resistance level. Price action created the divergence at the resistance zone and dropped. We expect the support zone to be tested. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
UKOIL reached resistance, and it pulled back from it. The market is trading in the ascending channel, indicating the bears are running out of steam and the bulls are in control. Price broke and closed above the resistance at 83.00. We expect bullish move. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
USDCHF is trading in the ascending channel; it printed a AB=CD pattern and a butterfly pattern. The market is showing that the bulls are running out of steam, creating a bearish harmonic pattern. Confluence level: resistance and fibo extension level of 161.80% and equal measured move. We expect a bearish move from the confluence...