the Euro Pair has proven that the last move up was not corrective however impulsive, that means any pullback towards 1.1590/1.1580 we will be looking to long the pair. lets not mention that the dollar index is falling and retreating from highs against most of the foreign currencies.
Bitcoin has set a new all-time high at 67k!! So what now?? Most people will think it's heading to the sky now, right? Those people will probably be right but as technical traders who understand structure then we know that there's something the market usually does before it makes that move! That thing I'm talking about is retracement! 90% of the time a market...
Today we take a look at FILUSD. Feel free to leave a comment and like the video. Cheers.
(H4) - GBP/JPY looks like its beginning to consolidate between 158.175 (resistance) and 157.239 (support). Had a strong bearish close with wick rejections rejecting the previous H4 high causing that double top (hourly triple bottom). Could see price begin to reverse down to support of 157.239 but do be mindful of resistance breaking at 158.175 which will result in...
Technical analysis: the price has reached a historical resistance , with a bearish divergence signal on the RSI indicator , this could lead to a re-test of the yellow zone located between 580$ - 560$ Fundamental analysis : NETFLIX'S PE ratio is relatively high compared to tech industry with respectively 65 for netflix and 25 for average tech industry's PE ratio...
BLUF: OXT extremely bullish OXT broke 4 huge resistance lines in 3 days OXT now rests on strong support OXT headed to 75 cents?
Here we have a continuation pattern just before New York opening and i expect the market to give me a reversal from here
Good Morning everyone, in case you missed it my short position from yesterday is in profit about 70 pips right now. It’s not too late to secure an entry. Currently price is sitting around 1.37500. If this level can hold then price could make its way back up to 1.38000. This is an area where i will be taking another short position with a stop loss at 1.38175. Long...
If BTC stay Here for some time that's will be very good For alts... BTC Still under ATH resistance. If pullback happen, It is opportunity for buying.
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Hey tradomaniacs, technically we see a great recovery of the US-DOLLAR in form of a double-bottom in the bigger timee-frame. If its technically a long, shall we go for it? I personally think the entire market is way too crazy to make safe calls as things can fundamentally change very quickly! Many specialist have different opinions on different outcomes...
GBPUSD is testing triple support area at the hourly chart (PP0, trendline and previous top) at 1.3775-80. We believe that a reaction from that levels is probable, so we set buy orders with stops below 1.3750, targeting 1.3810. Clear break of the trendline with hourly close will show that an important top is in place with yesterday's highs.
(H4) - USD/CAD looking very bearish right now, we failed to hold below support of 1.23465 however soon as we came back up to that trendline price hit traffic attempting to push higher and failing. We have multiple wick rejections, indecision on the bearish trend and now we have seen that bearish push. Looking for targets down to 1.23202 (M15) - USD/CAD already...
(H4) - GBP/USD looking like it has just created that higher low. We will need to see a higher high to confirm this but I am confident enough to anticipate this as we have all the confluences lined up. As long as we break above 1.38063 then we should see a continuation up to targets of 1.38259 (M15) - GBP/USD already at structure again. Looking for that break of...
USDCAD has tested the trendline that contains the downward trend at 1.2370 area. The reversal candles there show that sellers emerged and the picture shows that the pair needs one last leg down towards the previous lows. We are sellers at the 1.2350-70 area with stops above today's high, targeting 1.2320-30 for once more.
$SPY prediction… Ok, so this is my prediction for the near future (into around April of 2023) It's just time to move back towards moving averages. I understand anything can happen and I'm still going to be trading on a day by day level, but it just feels like it's time to pull back harder... Let’s see what happens… I am betting AGAINST a Santa Claus rally...
AUDUSD has reached its channel top with RSI divergence in the 1H chart. The 0.7480-00 area can provide resistance as there lies September's high and previous tops, We cautiously open short positions at current levels adding more at 0.7500. We will set our stops above 0.7530, targeting the 0.7440-50 area...
Good afternoon! We've been closely monitoring the NAS100 in anticipation of the breakout of the institutional liquidity pool sitting up at around the 15400.00 level. First however, we are expecting a price corrective and retest back inside the demand zone based at approximately 15200.00. Should this corrective take place and price decreases, it would certainly...