The pair printed equal highs, and bulls failed terribly to push price higher which in this case is a sign of bullish weakness. Seeing that US dollar index is also rebounding, we can expect GBPUSD to further weaken this coming week. I expect the weak demand to be violated to the bottom and price continue to decline towards 1.15395. We will be monitoring price for...
CADCHF is in a wedge (triangle). At the time of writing we see it bouncing up from the support of that wedge. We can go long with target to the resistance of the wedge.
Hello everyone, I am paying attention to AUDJPY for a possible buy opportunity. The market is in a strong uptrend since December 2022 and it is more likely that it will continue to rise. I will wait for this market to come down to at least 91.70 and look for confirmation to go long. Please support this idea with likes and if you have different opinion please do...
Hello traders, Looking at NAS100 we can technically tell that the index printed a triple bottom plus a violation of the neckline. The index is trading above the 12000 psychological level which is acting as both the violated neckline of the triple bottom and the new demand. My anticipation is that the index will continue to rise if bulls strongly defend the 12000...
NAS100 looks like it is printing a local demand zone at around 12000. One thing which is also interesting is that the index is printing a classic bullish reversal pattern. I assume the index is setting up for a short term bullish rally. For this setup to be validated and confirmed I will rather wait to see the falling wedge pattern getting violated to the top with...
Nas100 rebounded from the 12000 psych level and closed higher on Thursday. I will look out for this ahead and during NFP later today: If price close above the minor trendline then bulls will target 12600. However if bears defend the minor trendline and breaks below 12000, then NAS100 will find another support at 11500. If you find this helpful please be kind to...
Bitcoin broke below the higher timeframe bearish flag. We can also see that there is another minor bearish flag which confirms that the bearish move is more likely to happen. Sellers may be eyeing 18000 psych level. I will lookout for LTM bearish continuation signs for short positions. If you find this idea helpful please support it with likes. Feel free to share...
Hello everyone, This coming week I am bearish biased on NAS100 and the other indices. We can clearly notice the market structures that there were series of higher highs and higher lows that were printed until at the point where we saw the first higher low being violated. At that point the market structure changed from bullish to bearish and we are now in a...
NAS100 seems like the bearish momentum is very strong. Bears broke below the 13000 psychological key level. We saw several attempts of price retesting that level and getting rejected. There's higher chance that price will keep on extending lower and bears may be targeting 12500 key level. We are considering to go short on this with short term target at...
NAS100 Printed a head and shoulders pattern on lower timeframe. I expect it to rise for about 140 pips. I took long positions with the team. Buy now at 12900 Take profit at 13047.44 Stop loss at 12832.46 Follow me for more trading opportunities. Support my work with likes. Share your comments in the comment section.
Yesterday I mentioned of a parallel channel on NAS100 and predicted the fall. There was a hesitation for bears to break through 13400 and today we see that price has fallen below it. I have also spotted a number of bearish signs that I think the market is shifting momentum to the downside. The market clearly made series of Hhs and we can agree that bulls were in...
I expect NAS100 to fall to the rising trendline support. The market broke below 13560 a minor key zone. I now expect the market to keep falling. We have taken short positions with target at 13450. Please support this idea with likes. If you have any suggestion or opinion share in the comment section below.
The index fulfills my previous analysis and fell to 13450 as I predicted yesterday. The index is now trading below 13450, a level where I spotted a trendline crossing through it. This means bears are not giving up just yet, I expect the index to be red today until 13300. We are considering to take short positions with target at 13317.05. If you like this idea...
Hello everyone, Yesterday we saw NAS100 rally at CPI data release. The consumer price index rose 8.5% in July from a year ago below expectations. Core CPI rose 5.9% annually and 0.3% monthly, compared with respective estimates of 6.1% and 0.5% (Excluding volatile food and energy prices). Technically, the index violated its falling trendline from December 2021 and...
Hey my friends:) Currently watching NAS100 and deciding where to get in with some shorts. #13070 to #13100 marks as a key level. NAS100 reacted at this level several times. I am short biased seeing that NAS100 printed a double top. The pull up we have just witnessed should just be to retest the broken structure (neckline). I anticipate NAS100 to fall from there...
We closed our sell positions we took from 13370 for fear that bulls will defend the neckline. I am waiting to see how the market will react when New York session opens. My bias is bearish and I want to see the market close below 13026 (at least) to short to 12920 for short term. I have long term bias to 12300 if 12920 is breached successfully. Please support...
Just like I predicted last week that Gold would first rise to the resistance of the falling channel before falling. We have seen it do exactly just that. I am now anticipating a fall to 1721 from the confluence zone. For best possible sell opportunity, it is wise to allow it rise a bit to 1790 and short it from there after bearish confirmation on lower...
Ger30 closed at a key level last week. Since June 2022 the market traded below this level. It is an important zone as we can clearly see what happened in the past. If we can short Ger30 this coming week we first want to see it breaking and closing below the rising trendline with bearish confirmation. If this happens I believe it will fall to 13000. However, if we...