PlamenTsonkov

PlamenTsonkov

Here is our potential entry setup on GOLD for Monday. We can expect to retest again 4H and Daily support. Beautiful created H&S on 1h TF. Going on 15 min TF you can see our potential entries in short and longer term.

PlamenTsonkov

EURNZD Creating new strong support/ BUY zone after reaching out our TP. Potential 1:6 RR trade idea!

PlamenTsonkov

On the background of happening in Crypto market we can expect that gold will bounce from strong support formation in 1700/1695 $ range and test again resistance around 1722/1725$.

PlamenTsonkov

After big correction on crypto market caused by Binance and FTX we can expect facing 750/900$ range for ETH, but if breakdown even more next range we can find between 550/600$.

PlamenTsonkov

Next possible range we can find around 12/10k if we breakdown current weak low point marked on the chart after FTX. this will be game changer opportunity.

PlamenTsonkov

On 15min TF there is good possibility for 1:7 RR trade idea, Check it out.

PlamenTsonkov

Waiting for potential 1:5 RR BUY Entry on EURNZD 15min TF after conformation reject by strong support zone.

PlamenTsonkov

AUDUSD on 15min TF rejecting by strong resistance makes SELL opportunity with good RR.

PlamenTsonkov

Potential upside move for USDJPY with good RR on 15min TF.

PlamenTsonkov

USD/CAD 🟢BUY : 1.3485 ✅Tp1: 1.3528 ✅Tp2: 1.3566 ✅Tp3: 1.3650 ❌Sl: 1.3451

PlamenTsonkov

Quick BTC update. BTC is consolidating inside a channel of reviving pattern between the $18.5k-$20.5k level from the last 1 month. Currently, the price is still holding the support of the $19.2k level. I'm expecting a bounce up to $20.4k from here. If the price close below the $19.2k level then we might see again the $18.5k level but also another scenario is to...

PlamenTsonkov

Price was falling step by step inside channel. We stopped this move nearby support zone . I see that price will retest it and will bounce. I think that Pound will make some good move up. Next confident levels can be our targets.

PlamenTsonkov

So, EURUSD has nicely respected a sell zone that is based on a resistance line of a falling parallel channel and a horizontal structure. The market started to fall sharply from that. I believe that the pair will keep falling in such a manner next week. Next support will be 0.96 area.

PlamenTsonkov Updated 

Dollar Domination. Deflation Cycle. -22 FED has printed money now since -20 to save companies from going backrupt. Printing up to a danger level of 3.3 Trillion dollars. Creating a bubble like never before. Bubble now is $63 Trillion DEBT. We are about the reach prices as 1929 played out. Stocks that are around 300 dollars will be in 50-20 dollar range.

PlamenTsonkov Updated 

This week, Gold reject 1724 - 1735 horizontal daily resistance. We see a strong bearish reaction from that. We can expect to test again a key horizontal demand area: 1675 - 1697. To catch the next trend-following move, patiently wait for breakout. A bearish continuation will be expected then to 1623 area. Wait for a confirmation, traders! That will be our...

PlamenTsonkov

Potential short possitions today on Gold or buying ones ? Whats your opinion, let me know in comments.

PlamenTsonkov

We can see clear and classic formation supply/demand zone on 15 min where we can take clear short possition targeting two Take Profit points.

PlamenTsonkov

Multiply test over 4H support and Breakdown now is Resistance whichone we will retest and this exactly is time to open Short possition targeting last lows which we seen already.