The structure support that we spotted earlier on Gold remains respected and we saw a strong bullish movement from that this week. Feels like this bullish spike is just a manipulation. Next week, we will most likely see a test of an underlined blue support one more time. As I previously said, its bearish breakout will be an important event that will signify...
Harmonic ABCD pattern is a classic reversal pattern. In this article, I will teach you how to recognize that pattern and trade it properly. This pattern is composed of 3 main elements (based on wicks of the candles): 1️⃣ AB leg 2️⃣ BC leg 3️⃣ CD leg The pattern is considered to be bullish if AB leg is bearish. The pattern is considered to be bearish if...
NZDUSD violated a significant daily support cluster. The price will most likely continue falling next week. Next support - 0.597 ❤️Please, support my work with like, thank you!❤️
Dollar Index broke and closed above a key daily horizontal resistance, forming a strong bullish imbalance. The broken structure turned into a demand zone. I anticipate more growth. Next resistance - 104.85 ❤️Please, support my work with like, thank you!❤️
AUDUSD looks bullish to me, after a Powell Speech. The price nicely respected a rising trend line on a daily, breaking an upper boundary of a horizontal range on an hourly time frame. I bought the pair and expect growth to 0.655 ❤️Please, support my work with like, thank you!❤️
USDJPY also looks overbought to me. The resistance, that the price is currently testing, holds strongly. I believe that the market may retrace from the underlined blue area at least to 151.3 support. ❤️Please, support my work with like, thank you!❤️
AUDNZD may finally start a correctional movement, after a test of a key daily horizontal resistance. I see a double top formation on a 4H time frame as an intraday confirmation. I expect a retracement at least to 1.0835 ❤️Please, support my work with like, thank you!❤️
Detailed technical analysis for Gold. Price action & key levels. Potential scenarios. Trading plan. ❤️Please, support my work with like, thank you!❤️
EURJPY set a new higher high higher close on a daily, violating a key horizontal resistance. I will expect a bullish wave after a pullback to a demand zone based on a broken structure and a rising trend line. Next goal for buyers will be 166.9 ❤️Please, support my work with like, thank you!❤️
NZDCAD broke and closed above a resistance line of a falling wedge pattern, after a test of a key daily horizontal support. We can expect a pullback now. Goals: 0.8233 / 0.825 ❤️Please, support my work with like, thank you!❤️
NZDJPY suddenly broke and closed above a key daily horizontal resistance. The broken structure turned into a support now. I will expect a bullish trend continuation on the pair. Goals: 92.5 / 93.0 ❤️Please, support my work with like, thank you!❤️
GBPUSD broke and closed above a resistance line of a bullish flag pattern with a high momentum bullish candle. That is an important bullish signal. We can expect growth now at least to 1.28185 ❤️Please, support my work with like, thank you!❤️
When it comes to technical analysis, the understanding of which support and resistance levels to not trade can be as important as knowing which ones to trade. In this article, I will show you the structure levels that professional traders avoid to maximize their profits and minimize losses. Invalidated support and resistance Invalidated...
NZDCHF can form a bearish trap after a potentially false violation of a key horizontal support. I see a local sign of strength of the buyers. We can expect a pullback to 0.54 ❤️Please, support my work with like, thank you!❤️
GBPAUD broke and closed above a key horizontal resistance on a daily. The broken structure turned into support. We can anticipate more growth now. Next resistance - 1.9533 ❤️Please, support my work with like, thank you!❤️
Detailed price action analysis for Bitcoin. Important key levels. Potential scenarios. Trading plan. ❤️Please, support my work with like, thank you!❤️
GBPJPY is very bullish after the BoJ rate hike. The price is currently testing a resistance line of a horizontal range on a daily. Its bullish breakout - a daily candle close above, will be a strong trend-following signal. A bullish continuation will be anticipated at least to 193.0 level then. ❤️Please, support my work with like, thank you!❤️
Here is my latest structure analysis for Gold. Resistance 1: 2182 - 2195 area Support 1: 2143 - 2148 area Support 2: 2077 - 2088 area Support 3: 2054 - 2065 area Support 4: 2035 - 2044 area Consider these structures for pullback/breakout trading. ❤️Please, support my work with like, thank you!❤️