The price perfectly fulfills my last idea. It hit the target level. FX:EURUSD reached the deman zone on the daily timeframe, where it had a 2-month bullish move. The price broke and fixed below the range zone. I think the market might move upward, forming a short-term retracement. The market is losing momentum at the support level, and I think it will move...
On the 4H timeframe, the price fell from resistance and reached the level. FX:EURUSD bounced off the resistance by forming an impulse movement. On the daily timeframe, it broke the strong level at 1.08000. I think the market might pull back to the resistance zone and then move downward. If the price makes a pullback against the main trend, there's a higher...
BINANCE:ETHUSDT is moving sideways following the bounce off the support level and lower border of the downward channel. On the weekly timeframe, it formed a long-tailed bar, which is a sign of support level rejection. The tail of the bar also forms a buy zone between 3100 and 3400. I expect to continue moving sideways, then make a fake breakout of the range zone....
The price perfectly fulfills my last idea. It hit the target area. The market is pulling back to a support level after a bullish move that creates a swap zone. FX:GBPNZD is forming a complex pullback. On the daily timeframe, the market is in a bullish trend. It broke the previous resistance and range zone, which is the support level now. I expect the trend to...
Optimism, pessimism and realism which trader's mindset is better? The answer seems obvious: optimism. Optimistic traders overestimate their strength and the situation, pessimists do not believe in their strength, so the best is common sense realism. The realistic version of the world perception implies assumption of both favorable and unfavorable variants of the...
You can see that the month of March closed with a super bullish candle. On the weekly timeframe, you can see the failed long tailed bar, which shows that the bears tried to push the market down. And I think short-term pullbacks will remain buying opportunities; these could be round levels or Fibonacci retracement levels. OANDA:XAUUSD is rising for a variety of...
The price perfectly fulfilled my last idea. It hit the target. FX:CADJPY is about to potentially break through the downward channel border and update highs. The market formed some compression patterns. I expect a short-term rollback to the support level, then growth from the support level to recent higher highs. My target is the resistance zone at...
The price perfectly fulfilled my last idea. It hit the TP. After hitting the target, the OANDA:XAUUSD surged, moving towards the next key resistance zone. On the daily timeframe, the market broke above the previous highs, making all-time highs. I think it is the perfect scenario to buy pullbacks in a trending market. Overall, I expect a correction to the...
The price perfectly fulfilled my last idea. It hit the target. FX:CHFJPY is pulling back to resistance after bouncing off the support level and channel border. I think it will move upward because it made a fake breakout of the previous low, and the main trend is bullish. The market broke the previous structure support level, then quickly returned above it. I...
The price perfectly fulfilled my last idea. FX:EURUSD played out nicely; it fell from resistance and hit the targeted level. The price bounced off the resistance by forming an impulse movement. I think it might keep moving sideways because after trending usually comes a ranging day, and today is Friday, which can potentially impact the market. However, we have...
The price broke through the range zone and moved higher, and most likely we'll see some pullback. I think the OANDA:XAUUSD may form some sort of range pattern, such as a triangle where the market keeps bouncing between resistance and support, squeezed before retesting the resistance zone. Overall, I expect a choppy market because we have news in the NY session....
The price reached the support level where it bounced off before. FX:EURUSD is forming a potential range zone below the resistance zone. Today we don't have high-impact news, so I think the market might continue moving sideways. However, if the market pulls back and rejects the resistance zone at 1.08500–1.08600, we can expect a rebound from it. Basically, the...
The price perfectly fulfilled my last idea. It hit the target level. FX:AUDJPY went up from its support level and tested the resistance zone and channel borders. The price broke the range zone, and it rejected the resistance. The market bounced off from this level before, so I think the market broke the equal lows that formed, which are previous daily lows. I...
Yesterday, the market went higher even though it made a pullback into the range zone after rejection. OANDA:XAUUSD failed to move higher and pushed back. I think the market may retest the resistance, then go down to recent support levels, breaking through the upward channel border. The market formed a long-tailed bar on the daily timeframe, which suggests the...
The market is updating the higher lows. However, it's not updating the higher highs, which suggests that bulls are putting pressure on the resistance zone. FX:USDCAD made an impulse move and formed equal highs. The price keeps testing the resistance, and I think the market will break through it. On the daily timeframe, it formed a bullish long-tailed bar, which...
This week the price of OANDA:XAUUSD made ATH and went down, as I predicted in my last weekly forecast . Clearly, gold prices are under downward pressure. The strength of the CAPITALCOM:DXY often moves in the opposite direction to gold, making it less attractive when the dollar is strong. The recent false breakout of the resistance zone in gold price action,...
The price perfectly fulfilled my last idea; it fell from the resistance zone and reached the targeted goal. FX:AUDUSD is slowly pulling back after a huge impulse moment. The price has bearish momentum, and on the 4H timeframes, the market is moving sideways. On the daily timeframe, though, we have a slightly different picture. The price is still in the Fraday...
The price perfectly fulfilled my last idea. It hit the target. AUDCAD made an impulse leg downward. The market broke and fixed below the range zone. The pullback was rejected at the resistance zone by forming a long-tailed bar. I expect a bearish trend to continue because price action has made lower swing highs and lows, and sellers are pushing the market lower....