I would like to see it pull back in either the 38.2% Fibonacci level (#1183), or the 50% Fibonacci level (#12000). I will be watching for rejections at those levels with a strong bearish bar on lower timeframe. Seeing that the market is more bearish, it's most likely that one of these levels will be an ideal for short positions. I will be eyeing psych level 11000...
I was just going through the chart and market history and decided to share my thoughts on the current market situation. We can definitely see that the stock market is tumbling to the floor. But the big question is, where shall this end? Everyone is eager to know the answer so we buy the dip. The chart above is a weekly chart. NAS100 continues to break the lows...
The pair got rejected strongly from the April 2022 high. With Yen showing signs of strength I anticipate most of the Yen pairs to change direction and it is most likely that NZDJPY will change momentum to the downside. I will be considering to go short on this pair with 3 targets in mind 83.406, 81.444 and 79.660. Disclaimer: This is not an advice for you to...
Gold rose up with at least 2.70% on Friday after U.S CPI data release and closed at 1870 key level. We can expect Gold to either break above the key level and rise to 1900 or rejected from the key level and fall back to at least 1840 or closer to that. I will keep a closer watch for any of these scenarios and hopefully catch an entry on this. Does this make sense...
Who else had terrible days last week? NAS100 and I weren't cool last week. I had devastating punches in the ring. Just when I thought it gave me a very beautiful bullish continuation pattern, it dropped like rain after the U.S CPI data release. I want to allow the market to still digest the data of last week. I am hoping to see a correction soon at least at the...
Hey everyone, Let's take a look at the market structures and developments on Ger30. First of all the index is strongly bearish which I think the selling pressure will go on in the coming days. The index dropped from its recent high of 14750 after printing a bearish correction. I will wait for the market to correct itself and hopefully provide me with vivid...
EURCAD is bouncing up from the support level. Looking back at history we see that 1.339 level is a very significant one as buyers defended this zone several times in the past. Yesterday price bottomed at this level once again. We are not sure how strong this level is to hold price from falling, but taking a closer look at the level we see that the pair printed...
EURAUD will rise to the resistance. The pair created a double bottom and it broke above the neckline which was also a strong key level. I anticipate price to rise from this key level to the resistance of the falling trendline. Do support this idea with likes if you find it helpful.
US30 buy after the violation of the wedge. Just like its related family member, US30 is showing bullish signs. The index has been in a correction the past days and it looks like the time to push up is getting closer. Currently the index is locked up in the wedge formation. I am waiting to see a violation of this pattern to the top for long opportunity. My target...
What to watch out for on NAS100 today during New York Session. Technically, the index is still in its consolidation state, trading within a wedge pattern. It is also trading above 38.2% fib level. On 1 hour timeframe, RSI is below the bearish territory, suggesting that the index's momentum is to the downside. Not knowing where it would be headed from here I will...
The index bounced up from the support of the wedge yesterday and rose about 6%. Right now the index is consolidating between 12600 and 12700. I want to see a break above 12700 and look for buy entry. My short term target for today will be 12900.00. Please be kind to leave a like if you enjoy reading my ideas. Trade your plan friend! Previous Idea
I anticipate US dollar index to loose strength in the coming days. The index has declined so much since May 12 breaking below the 5 May low. From then the index began to correct in a bearish wedge formation which suggest that the bearish momentum is more likely to resume soon. I will keep an eye to the wedge if it gets violated to the bottom I will consider going...
NZDJPY is more likely to continue rising. Technically, the pair broke above 85.300, a level that was supposed to hold buyers from penetrating through. Since the pair is now trading above this key zone, I expect buyers to continue pushing price and they would be focusing their target at the April 2022 high. The pair has been in a strong uptrend and I don't...
Hello everyone, Previously I discussed about NAS100 and mentioned of my bullish bias on it. Previously Nas100 printed a tiny wedge which developed into a bigger pattern later as we currently see. This pattern confirms the bullish bias and I will be waiting for more bullish confirmation for entries. It is more likely that NAS100 will reach 13500 in the few coming...
Trust you caught a sell entry and benefited a few pips from my previous analysis. If you followed congratulations. Let's now look at the current market structure. Price bounced up beautifully from a confluence zone of the rising trendline, 38.2% Fibonacci level and interestingly, price has printed a wedge (bullish continuation pattern). I expect price to rise if...
The pair has broken below its rising trendline support. We now see a retest of this trendline. I anticipate price to drop from here with four targets as shown on the chart. I will appreciate your continuous support, your likes do really matters to me. If you have any question feel free to ask in the comment section below. Big Love❤️
Recently I discussed about Bitcoin and stated about the triangle that had been printed on it. I was expecting an imminent breakout and yesterday we witnessed that breakout, currently BTC is trading above the triangle. I will wait for a pull back into the 30000-30170 zone to go long (if there can be bullish signs). 34k would be a good level to target. Previous...
Hello everyone, I will be looking for short opportunity on EURCHF. The pair is more likely to continue its decline seeing that it's printing a bearish continuation pattern on lower timeframe. On a weekly timeframe we can tell that it has recently broken a very significant structure level after it has completed a larger timeframe head and shoulders pattern. I...