Gold has fallen around -7% since bearish pinbar high around 1950, and has done so in a relatively straight line. Yet bearish momentum has receded, and prices are holding above the monthly S1 pivot point. The decline has also failed to test 1800 (a likely solid area of support), which adds to the case we may be due a bounce. We’re not looking for any home runs,...
The high on our Brent crude price has been $89.68 – hit at midday – but while our clients are long of crude (65% of open interest is held long), we’re seeing better sellers in the broader market, as we roll towards EU trade. The early rally felt reasonably orderly, but a lot of questions were being asked and without many immediate answers to obtain the certainty...
It looks bearish and broke down. It can retest it covid lows. It has high debt and net revenue loss. With high interest rates, a good portion of its revenues will go towards interest payments.
Thank you for taking the time to read our update. Please remember that this is not trading advice. We are familiar with the cryptocurrency market, where some coins appear to increase in value but eventually return to their initial levels. This is why many cryptocurrencies are considered risky, as they often lack a consistent upward trend in their price...
I'm writing this article, because of the striking resemblance with Today's oil and the one that has been a lot of times before.. I believe that history repeats itself, and there are lessons to be learned. And since this boom and bust cycle are not new, it might also provide some understanding on where we are heading. I hope you enjoy. The time of dinosaurs In...
WTI oil is opening with green gap this week, Probably it’s going to go down to 78.9$ level this week testing this level. Therefore we will wait to test this level then take another look at chart.
At market close, price has closed below 50% of the 3/13/23 D B FVG, but price is in the top 50% of the 3/17/23 4H B FVG. PLUS price closed with a bearish engulfing on the 8H. Since price is in a downtrend I am looking for price to continue down another 300 pips to the 2023 yearly open. Depending on the type of trader you are I see 3 possible entries from where...
good evening gold gang! .. some terrible news from the middle east this weekend where conflict is breaking out .. this can lead gold to gap up where the big players are shifting their wealth into gold to protect it while at war .. im expecting a gap at the open We have a clear break of structure to the upside in gold for the time being, so im expecting us to...
WTI is the focus for this week. Watch the video to understand how, from a higher time frame, like the Weekly chart, we can find tradeable opportunities on the hourly chart.
In case of escalation of the war in the Middle East... in case of formation of bullish confirmations in the price area of 1815.00, it is suitable to buy at the targets of 1840.00 - 1870.00 .
Silver is currently in wave 2, which appears to be a 335 flat correction. Wave A had 3 waves and now we're in wave B where we're expecting another 3 wave structure. It appears as the bottom is in so we can use the lows as invalidation level. Trade Idea: - you can either enter now with stops below the lows - Or wait for a pullback (retracement) and enter with...
I think the gold price will move like this on the daily chart. I believe that gold will move upwards, especially due to the Israel-Palestine war, and then test the downwards again.
This week ended perfectly, earning 50,000, exceeding the expected target, the main reason is to seize the opportunity to fall all the way, continue to maintain next week, I wish everyone a happy weekend! If you are confused about trading, please join me, I believe you will have a great harvest!
#GBPNZD UPDATE Hi team, hope you are enjoying your trading journey and our trading analysis. We are here to update you about our another analysis about GBPNZD. In the HTF, GBPNZD is going to change the trend. As we can see if it comes back and give respect to the mentioned OB and give us any trend reversal confirmation in the LTF, we will see a good flying...
Details on chart - looking to continue playing the overall bias of dollar bulls, however, watching out for short-term impact of new increased geopolitical tensions
#NZDUSD UPDATE Hi team, hope you are enjoying your trading journey and our trading ideas and analysis. Today we are here to share our analysis on NZDUSD. NZDUSD is in uptrend in HTF and goes up with trend line. Also it gives us fake breakout and then goes up. Now if it give respect the first order block and shown any reversal pattern, then we can see a good...
Munufacturing data on Wednesday and Inflation data on thursday is going to bring some xtra volatility as this week sets off. 0:0 Monthly timeframe, time to Sell Gold late to the party? 2:40 Weekly timeframe 4:09 Daily timeframe Key Levels 1826$ Weekly Level 1820 Daily level 1810$ Weekly Level 1925$ Daily level -Gold Daily engulfing candle Confluence -Weekly...
Hello traders! Wait for the pair to be confirmed when it breaks the (1843.00) level. A break of the (1843.00) level will bring a bullish move to the (1924.00) level. Wait to enter the trade! Be careful! Don`t forget to look at the economic calendar! MAKE MONEY AND ENJOY LIFE 💰 THANK YOU! GOOD LUCK! 🙏🏻🙏🏻🙏🏻