OGFXTRADER

OGFXTRADER

Price is currently in accumulation period, long opportunities may arise after breakout and retest.

OGFXTRADER

The yellow metal steady but surely has claimed loss grounds after testing 1,696 handle this Monday. MACD is supporting the bullish bias and about to cross signaling buying opportunities. Investor are embracing the upside momentum looking towards the 1,800 mark per once as the next target

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The major crypto is under a healthy technical correction at the intraday domain before potentially moving towards a new ATH of about 61,000. Buying opportunities may arise right at the golden Fib level 618 around 54,800 handle.

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The pair reached a strong level from the weekly realm, acting as resistance; the previous week, the market closed with a bearish pin bar, giving some confirmations for the downtrend movement to come. Now moving into the intraday domain at H1, the price has failed to form a fresh HH, looking for additional bearish confirmation to place a short entry with a...

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It only took 19 hours for bitcoin to shave 17% of its value, with a magnificent stop-hunt claiming liquidations for about 1.5 Billion. The retracement was deep enough to reach the last line of defense around 786 Fib level. Currently under the bearish territory, looking for buy entries above 54k handle, time to wait and see. Although the crypto market remains in...

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After the correction at the golden Fibonacci level 618 in confluence with the key level at 0.8988, the price action shows some consolidation. However, the candles are forming LH the uptrend bias remains intact. A potential long setup above the consolidation area allows a decent R:R 1:3 "---" 1:5 "__" -- *** If you like the idea, please don't be shy and click...

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After a full month into consolidation, trading in a descending channel, the AUDJY pair managed last Friday to finally broke the resistance level. Price after reaching the resistance level, a pullback is expected towards the "--" or either a better entry at the "...' line - Both are Fib levels. Levels entries could potentially set an R:R - 1:4 -- *** If you like...

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After clearly breaking the supply zone, the price just reversed for a fakeout; retesting the broken level might signal a bearish momentum. The short setup may bring a potential R:R to 1:4. -- *** If you like the idea, please don't be shy and click on the like button; also, comments are very welcome. | Thanks for your support!!! ***

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The euro has been playing on the bearish foot the whole week. While under seller pressure, the pair EURGBP shows some pullback conditions towards the broken level close to the descendent trendline to continues its bearish movement. Potential risk-reward ratio 1:5 -- *** If you like the idea, please don't be shy and click on the like button; also, comments are...

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Nothing gets better than when the price action reaches those confluence levels at the weekly charts. CADJPY is currently under the spotlight, where: 1.Price trading under a descending channel 2.Closing the week with a bearish pin bar 3,Rejection from resistance and supply zone 4.And a double top from the previous week It may look that bears are lining up, I...

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Price currently under consolidation after reaching confluence area meeting a descending trendline, previous demand zone, and Fib level 0.681 from bearish correction. Bearish continuation for a potential R:R | 1:4 -- *** If you like the idea, please don't be shy and click on the like button; also, comments are very welcome. | Thanks for your support!!! ***

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After the falling knife, bears encounter a strong confluence support area. Might gold's bulls be preparing for the next run towards the previous high? Let's keep a close watch on the yellow metal and catch the potential upward run.

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The pair has broken the ascending trendline, although failing to form a new HH price is down-trending after getting rejected from the predominant descending trendline together with the supply zone. The market remains in consolidation in price compression hovering a demand zone draw in H1. Waiting for bearish breakout and planning to enter the market after...

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WTI closed yesterday under sellers' pressure stripping 1.46% of value in one session. Although technically speaking, it has failed to form a new HH, the market remains supported by an ascending trendline. While flashing mild gains today, the price is still looking ahead to the $49 handle that holds the key to a further bulls' run-up. $49 handle was last visited...

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The DXY remains pressured by the bears on a risk-on market sentiment. Heading towards the domain of the 89 handle is currently trading in a major price consolidation area back in 2018, where the price remained four months before the run-up of the bulls. Many experts forecast a negative gauge for the greenback continuing into 2021. Let's keep in mind that...

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Although the market closed in red yesterday, the yellow metal has continued to trade under a strong bearish bias after recording ATH on August the 7th at a $ 2,075 handle, shaving almost 10% of values to the current price today. The market closed yesterday with a bearish pin bar after capped by the descending trendline, where today it has awakened on a positive...

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USDCHF, after testing a strong support level, the price has bounced, forming a cup and handle bullish pattern. Currently, the price in trading on the beginning of the cup's handle, creating a bullish pin bar on H4 and supported by an ascending trendline in the H1 realm, the pair is opening long entry opportunities. Waiting for the H4 candle to close to dive in,...

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While Bitcoin has recorded ATH today testing 28,000 handle, remaining the winner across the board above all crypto peers, others miss the party. In just two days, Ripple lost around 70% of its value, reaching the price of 0.78 on December 24th, and today it struggles to maintain its bullish bias appearances by trading at the 0.28 handle. It took the market less...