The market formed double bottom at main support level. The market is oversold on the daily timeframe. Price action might bounce off this level because it is at the daily upward trendline and lower lows are getting shorter which shows losing momentum. I expect the breakout of the channel. My goal is to resistance around at 1.08230 Traders, if you liked this idea...
The market broke through the triangle pattern and went up from support level. It is moving towards main resistance at 151.500. I expect pullback from this resistance then retest the recent support level because the market fell from this level before . My goal is support 149.300 Traders, if you liked this idea or if you have your own opinion about it, write in the...
Hello everybody! 👋 🤗. Today we are going to learn about the 123 chart pattern. The 123 pattern is a typical reversal pattern that traders use to identify if an existing trend might change. These patterns can be a signal to enter the market. At the peaks or bottoms of the market trend, you can see 123-patterns, which signal a change in the trend. Sometimes they...
The market is in range zone after impulse move down. The price is moving toward the resistance zone and upper border of the channel and I think it might go down to retest the main the support level If the price rejects the resistance zone at 1960 1962 by taking out the SLs then it might make another new low. My goal is the support level at 1946.75 Traders, if...
The price perfectly fulfills my last idea. The price went up and hit the target level. The market broke through the triangle pattern and made new low. The The price is pulling back toward the swing zone. The market reacted to this level before. I expect the price go to support level if the market makes a fake break of the swing zone like long tailed bar or double...
The market went lower on the economic news release. The price made a new swing low in the descending channel. The market is pulling back from the support level. It is ranging around 1.07300 and forming another range zone. If price rolls back to the resistance zone that was tested 2 times then it's chance that price will pulled back from it. My goal is the support...
The price action formed the range zone and it keeps moving in the zone. The price is decelerating and ot shows a divergence. Price action bounced off the support level 2 times. Price is rejecting the support level and I expect go towards the next resistance zone if upcoming news doesn't change the trend to bearish. My target is the resistance zone at...
The price is testing the resistance zone. The market doesn't have strength to break the level; smalls candle at the resistance zone that shows bullish momentum is weakening. The market has reached strong resistance zone on the 4H timeframe. I expectp a pullback from the zone. My goal is support around 1.35485 Traders, if you liked this idea or if you have your...
The market formed divergence at support level. The price is testing the previous support level which is swing level. The market bounced off the support before by forming impulse move. Price action might bounce off this level if the market forms a fake break of the levevl. I expect the fake breakout and long from the support level. My goal is to resistance around...
The gold market could not update low and it formed a double bottom at the support. The bulls are pushing the price up to the range zone. Less and less bears are involved in this price action which resulted in the triangle pattern. My goal is the resistance zone around at 1985-1986 if breaks and fix above the downward trendline Traders, if you liked this idea or...
The price perfectly fulfills my last idea. The market hit the target area. The price updated its highs and broke the descending channel and asccumulation phase. The market made impulse move up that resulted of the breakout. I expect growth from the support level because the market is bullish trend on the daily timeframe. My goal is the main resistance at 1.65860 ...
The price perfectly fulfills my last idea. It reached support level. The market formed divergence and it's oversold at support level. The price is ranging at the strong support level. The market bounced off the support before and now after another test price action basically made a double bottom on the 4H timeframe. I expect the price to breakout of the channel...
The price perfectly fulfills my last ideas. The price hit the target zone. The market is retesting the suppor. The price is potentially broke through the upward channel and I think it might go down toward the next the support. Price action can seek the main support at 1930-1920 price range. My goal is the support level around at 1940 Traders, if you liked...
The price made double top at resistance zone and bounced off. Bulls did not have enough strength to form new high. Price action is in the ascending channel but I thinnk the price will break through it to retest the swing level below. On the higher timeframe the market is ranging. My goal is to support around 91.300 Traders, if you liked this idea or if you have...
The market is ranging after testing the support level. The market is in bearish trend on the 4H timframe. Price action has rejected this level couple of times that led to ranging market. I think If price reject the recent resistance zone which is high of the daily candle by forming fake break then the market may drop from it. My goal is support level at...
Gold has had a challenging week, falling significantly as it broke through psychological support in 2000. The 1950 level, then the 1900 level, should provide a support area. In such a case, I believe it is approaching a zone where caution is needed. We might see a much greater drop if it drops below the 1900 level. The resistance area we just pulled back from...
The price perfectly fulfills my last idea. The market hit the target. The price broke through the range zone and went down. The price is pulling back after forming double bottom at support level. I look forward to testing the upper border of the channel and rolling back towards support from resistance because the market is bearish. My goal is to support at...
The market is pulling to the swing level after the support restest. Price action is losing momentum on the 1H timeframe. The market rejected the swing before. I expect the price to fall from resistance and the downward trendline. The alternative scenario is a range market before a breakout for a new trend. My goal is to support around 1.07630 Traders, if you...