Looking to target the previous highs. Lower high created and valid momentum.
Sometimes its good to flip the chart and ask yourself is your bias still holding? BTCUSd is showing extreme bearish pressure and will likely continue to the major zones shown
Real World Traders--> XAUUSD retesting broken trendline
Real World Traders--> BTCUSD ready to break trendline
Following trendline with bullish structure momentum
EURUSD is a currency pair that represents the exchange rate between the Euro and the US Dollar. When the price of this pair is in a bearish trend, it means that the value of the Euro is decreasing relative to the US Dollar. One way to identify a bearish trend in EURUSD is to draw a trendline connecting the high points of the price chart. If this trendline is...
Gold prices may experience a decline due to the high time frame momentum and bearish trendline. Momentum refers to the strength of the price trend in a particular direction. When the momentum is high, it indicates that there is a significant buying or selling pressure in the market. In the case of gold, if there is a strong bearish momentum, it suggests that there...
The head and shoulders pattern is a technical analysis pattern that typically signals a potential trend reversal in an asset's price movement. This pattern consists of three peaks, with the middle peak (the "head") being higher than the other two peaks ("shoulders"). The pattern is considered complete when the asset's price breaks below the neckline, which is the...
We can use the trendline rejection as a strong confluence to enter the trade and divergence on the lower timeframe
Remember to always trade with the trend. Fib retracement as confluence to enter shorts
BTCUSD has rejected the top of the channel and is respecting the bear market Bitcoin also shows strong selling signals due to the daily divergence
Retesting trendline ABC Eliiott wave pattern Gold is a safe heaven which can drive the prices higher
Firstly, the trendline triple touch is a technical analysis pattern that suggests the presence of a significant support level, and that buyers have been stepping in at that level repeatedly. If this support holds, it could potentially lead to a bullish momentum in the EURUSD, as more traders start to buy the currency pair with the expectation of a price...
USD/CHF is a currency pair that represents the exchange rate between the US dollar and the Swiss franc. Forex traders often use technical analysis to analyze price charts and identify possible trading opportunities. One common technical pattern is the channel, which is a price range that shows the upper and lower boundaries of a trend. If the price stays within...
Resistance level is a price point where many traders and investors may be willing to sell their BTC holdings. This increased selling pressure can cause the price to drop as demand decreases, which can lead to a decline in price.
XAU/USD is the ticker symbol for the pair of the gold price against the US dollar, which is a popular trading instrument in the forex market. When analyzing the price movement of XAU/USD, technical analysis tools such as trendlines can be used to identify potential price movements. A trendline is a diagonal line that connects a series of price points in a chart....
A channel breakout occurs when an asset's price breaks out of a range or channel that it has been trading within. This can indicate a shift in the market sentiment towards the asset, and lead to increased buying pressure and a rise in price. In addition, fundamental analysis takes into account the underlying economic, financial, and other factors that affect the...
A channel breakout occurs when a currency pair, such as XAU/USD, breaks out of a previously established trading range or channel. This breakout often indicates a shift in market sentiment, and traders may interpret it as a bullish signal. If XAU/USD breaks out of its current channel, it may indicate an increase in demand for gold, possibly due to global economic...