Looks like a cup and handle to the downside, continuation pattern. Support is giving up, take profit at the next phycological level 0.6400 but there is no limit how far down it can go. Just let it fall.
Gold has reversed and is current in a bullish trend, however we are reaching areas where we have seen strong areas of rejection AKA ranges where gold tends to get stuck within Due to this I'd be cautious with swing trades, but I am very much so looking for trades on the lower timeframs
Apparently price is forming a HS after a false break out. It makes sense since the market rejected very hard the first attempt to break up the resistance. Now is accumulating into a bearish flag. I have a short position here, it could open with a gap down any day from now on. I don't want to miss that gap. My short position is moderate and I will add after the break down.
You have to be prepared for any situation. Especially in September, October which are bearish months for stocks markets
And sure enough Price action did exactly what we were looking for price action to do. Typically I would move stops to break even and take partial profits here, however due to the fact I am taking a reduced lot size (0.01 lots as I am currently testing the trading style out) I will move stops to breakever at our BE line (1909) But I hope this was an educational...
Hello Traders! On The Daily Time Frame, The NZDUSD Price Reached a Support Level ! Currently, The Price Broke This Key Level 📉 Support Level Becomes a New Resistance Level 📉 Moreover, The Support Line is Broken🔥 So, I Expect a Bearish Move📉 ----------- TARGET: 0.58900🎯 ___________ if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
Hello Traders! On Thursday 27 July The US30 Price Reached A Resistance Level (35877-35657). Currently, The Price Broke The Support Trend Line 📉 Moreover, The Key Level (34574 - 34309) So, I Expect a Bearish Move📉 i'm waiting for a retest... ----------- TARGET: 33780🎯 ___________ if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
Hello everyone, looking at the daily timeframe we can see gold has picked up volatility below 1890 with a strong rejection back into the 1900's Should we see price hold and not reject key levels of resistance, expectation will be for gold to return to the range we have previous seen gold stuck within, with a push to 2000 creating a top wick for the monthly candle...
Weekly Chart Oracle NYSE:ORCL is in triangle pattern and moving to apex zone. Besides, Oracle has the strong support by the ascending trend line Daily Chart Price is on the support and trading at 115.23 now The second times, price touched the support so a massive move is coming soon Triangle Pattern has more two scenarios can happen Just wait and see
Hello Traders👋🏻 Yesterday, The EURCHF Price Reached The Support Level (0.96771 - 0.96438) Currently, This Key Level is Broken (Support Becomes New Resistance Level)🔥 So, I Expect a Bearish Move📉 i'm waiting for a retest... ----------- TARGET: 0.95185🎯 ___________ if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
Another HS is building up here. The break down will be violent, I think it just need a couple of weeks to get the target. I don't think that support at 96 will hold for much longer, too much bearish pressure. It could make a last pull back, is it does I'll add to my short position.
Daily Chart Now, BINANCE:OPUSDT is on ascending trend line acts the support in this situation. I figure out 3 scenarios for OP now: Number 1. Price will bounce back and going up resistance zones at 1.83 Number 2. Price will break down support and touch Hidden Support around 1.29 then consolidation phase long time before test resistance at 1.83 Number...
Hello Traders! On The Daily Time Time Frame The NZDCAD Reached A Resistance Line Currently, The Price Broke The Support Level (0.80728-0.80296) So, I Expect a Bearish Move📉 i'm waiting for a retest... ----------- TARGET: 0.79150🎯 ___________ if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
Looking at the 4h timeframe there is a bullcase for buys at this level. 1. we are at a key level of support 2. the smaller bearish channel has seen us bounce from the lower band of the channel which aligns with the support level 3. the larger bearish channel is yet to see a test of the upper band, which should we break up through the smaller channel, retest, we...
As ever with gold, it's a staircase up and elevator down. Price has been bearish since the 8th of august with a new low being created, breaking the lows from June after the March pump and with a high amount of liquidity being grabbed there is definitely a chance for buys here. 1876 on the daily timeframe being respected would be a key area for the weekly candle...
Another week of more bearish price action. All in all it was a good week for trading with no losses being taken and successful trades (all have been reviewed and broken down here) So with price closing below another key area of support, the expectation is going into the final week and a half of August price should continue down with little to no support...
Weekly Chart Sandbox BINANCE:SANDUSDT is creating Falling Wedge Both trend lines acts support and resistance Daily Chart Sandbox is below the resistance line and moving to apex zone between support and resistance. Just a breakout will create a massive move and chance to Long/Short depends on market that time. If price goes up, it can break falling wedge...
Daily Chart You can check my previous idea here: Bitcoin has broken down the trend line then touched and bouncing back from $28,300 besides, BINANCE:BTCUSDT has the resistance around $29,300 Bitcoin's still in Bullish Trend if it can hold above $28,300 then break out the resistance Otherwise, Bitcoin will sideway in range $25,300 - $28,400 if it breaks...