sell opportunity at the price level of 191.80. This suggests a bearish outlook for the pair in the short term. Traders may consider setting multiple take-profit levels to capitalize on potential downward movement, with targets at 191.00, 190.50, and 190.00 respectively. These levels offer strategic points to lock in profits as the pair declines. Additionally, it's...
The current buying opportunity for the EUR/JPY pair lies at 164.507. This represents an advantageous entry point for traders looking to capitalize on potential gains. By setting take-profit levels at 165.000, 165.500, and 166.000, investors can strategically aim for incremental profits as the market moves in their favor. Additionally, implementing a stop-loss at...
BTCUSD is currently at a price of $61,924.00. Considering market trends, it might be a strategic move to open a selling position at this point. Setting a Stop Loss (SL) at $61,120 can help mitigate potential losses if the market moves unfavorably. On the other hand, there's an opportunity to buy BTCUSD at the current price of $61,924.00, anticipating a bullish...
Consider initiating a buy position for XAUUSD at the present level of 2296. This entry point is strategically chosen to capitalize on potential upward movement in the market. We aim for three take-profit levels: 2310, 2315, and 2318, each representing incremental profit targets as the asset ascends. In case the market turns against us, it's prudent to have a...
The GBP/EUR pair has reached a sell zone, currently trading at 1.1650. This indicates a favorable moment for selling the pair. Traders may consider setting multiple take profit levels to capitalize on potential downward movements: at 1.1644, 1.1635, and 1.1625. These levels provide strategic exit points to lock in profits as the exchange rate depreciates. To...
analysis suggests that the optimal selling zone for crude oil stands at 7861. This assessment prompts strategic considerations for traders, with suggested take-profit levels at 7811, and 7689\7610, offering multiple opportunities to secure gains. However, to mitigate potential losses, it's advisable to set a stop loss at 7930, safeguarding against adverse market...
The NASDAQ 100 index is currently indicating a sell zone with its value at 17988.00 Traders may consider taking profit at various levels, such as 17,872.42, 17,700.00, and 17,601.18, as these points represent potential profit-taking opportunities. Additionally, it's prudent to set a stop loss at 18,861.78 to mitigate potential losses in case the market moves...
Introduction - This continues directly from NFP SWING 2315-2275 POST. Details - This is a sharper move down that carry more bearish implications for intermediate outcomes. Let's get this up first and continue from there. I am keeping this post public until I fix the tg link problem. For whatever reasons, it is not letting people join so, kind of a nightmare...
Hello Traders! Today, XRPUSDT continues its downward trajectory, approaching the resistance level but only as a corrective move to test the EMA 34 and 89. The price is expected to weaken further, potentially revisiting the low of $0.4193 once the current correction concludes, as indicated on the 1D analysis chart. What are your thoughts on XRPUSDT?
EUR/USD gained traction in the second half of the day on Thursday, maintaining its consolidation phase above 1.0700 into Friday as investors geared up for the highly impactful data release of the week, the April US employment report. Positive shifts in risk sentiment were observed, which exerted downward pressure on the US Dollar during Thursday's US trading...
The price of Bitcoin is preparing for a final drop to the downside, to 57k per my calculations! The price is still inside this bullish flag formation, and we still need to complete the ABC corrective pattern from the Elliott Wave perspective. At this point, I cannot be bullish at all, just be patient and wait for 57k to be hit before buying BTC! It's also...
As mentioned in previous analysis, I believe the breaking of 60K to be important for BTC. If it is important, we'd be in a bull trap now. Currently we have to classic 76 retracement along with a butterfly correction pattern. Trying a fairly large short on BTC now. Expressed through shorts on BTC directly, OTM puts on COIN and OTM puts on MSTR. If the break...
BINANCE:BTCUSD is not on the rise. Surprisingly to many, the price continues to decline even after the halving. The situation reminds vvot BTC-ETF, when before the growth, MM collected liquidity accumulated at the bottom. The trend is still strong and bullish. The price is in a sideways range and continues to collect liquidity. The range boundaries are 73500...
Hello everyone, as of now, gold prices are hovering around the $2300 mark without much variation from previous trading sessions. The precious metal seems to be in a consolidation phase, sitting in a narrowing wedge pattern and waiting to decide on a new direction as the market eagerly anticipates the Non-Farm Payrolls report. Any significant breakout could lead...
Hello all dear traders! What do you think about GBPUSD's next trend? On the news impact: GBP/USD struggled to maintain its upward momentum and traded below 1.2550 during the US session. Earlier in the day, a disappointing April jobs report from the US triggered a USD sell-off and helped the pair reach multi-week highs above 1.2600. From a technical perspective:...
We frequently look at the altcoin market and very often look for clues on its dominance and market cap. A historic comparison of alts with Bitcoin's (BTCUSD) Cycles shows that alts bottom after Bitcoin, a lag which is natural considering that BTC is the market leader. Similarly it is possible for alts to rally when Bitcoin is correcting or consolidating. Using...
The KOG REPORT – NFP This is our view for NFP, please do your own research and analysis to make an informed decision on the markets. It is not recommended you try to trade the event if you have less than 6 months trading experience and have a trusted risk strategy in place. The markets are extremely volatile, and these events can cause aggressive swings in...
Gold prices did not skyrocket, holding steady around $2,300 amid trading pre US Non-Farm Payrolls (NFP) report. From a technical standpoint, on the daily chart, gold prices are still trading below the Simple Moving Average (SMA) 20 with no significant changes. Furthermore, longer-term moving averages maintain an upward slope but at a slower pace compared to...