USDCAD. I marked the previous year high/low, price will always retrace above or below the open/close that created that high previous open/close. If price does that and respect it, I do the same thing on current year low and same thing on current month low. I will upload a video to explain better.
Could very well be done here already with the orange count or could provide at least another low with the yellow count.
UPDATE: Price still stalls around the 0.236 fib level/support, rejecting and failing to break below it. But for how long can it hold? Market structure looks much clearer now with somewhat a Double Top pattern (completion of wave B and wave C in progress). I still have a bearish Bias on this pair. So will be on the lookout for SHORT (scalps) setups on the breakout...
USDCAD. I marked the previous year and high, Price will always retrace back to the open/close. If you mark the previous high and go to the weekly time frame, marking that open and close that formed the previous weekly high, you can see that price retrace above open/close and drops from there. Thats a bearish scenario. Same thing happened this year, price created...
The "parabolic" Trend was broken yesterday. The longer term trend could coincide with 50% Fib retracement from the latest up move.
The Bank of England (BoE) has been maintaining a restrictive monetary policy stance with the Bank Rate currently at 5.25%. This policy aims to bring inflation down to the target of 2% sustainably over the medium term. Despite a significant decrease in inflation from its peak, the BoE remains cautious and indicates that monetary policy needs to remain restrictive...
OANDA:GBPCHF GBP has been bullish since last few months especially from the beginning of the year 2024, it is also notable to see how bearish is chf. Going forward, we expect price to continue bullish and it hitting our target is almost certain. Please wait for price to come to our area once it does, please take the trade with accurate risk management. **If...
Trading Setup: A Trading Signal is seen in the FXSUSDT FraxShare (4h) (spot) Traders can open their Buy Trades NOW ⬆️Buy now or Buy on 4.248 ⭕️SL @ 3.82 🔵TP1 @ 5.5 🔵TP2 @ 6.7 🔵TP3 @ 9.0 What are these signals based on? Classical Technical Analysis Price Action Candlesticks Fibonacci RSI, Moving Average , Ichimoku , Bollinger Bands Risk Warning Trading ...
BEL USDT has been in an accumulation zone for 46 days now on this shorter time frame, we just got a breakout followed by high volume i see us slowly getting ready for a move to the upside
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#PEPE Next Support Zone.. It might bounce again from Support zone.
Descending triangle on the daily. Notice how the supply zone (red box) maintained an aggressive resistance. Previous demand zone later turned into supply zone (purple box) that the price couldn't sustain. If this breaks the triangle, it may see some bids in the demand zone (green box) of the previous ATL. Overall, bearish. Educational purposes only. Not...
on this trade am looking to go long. why because the market structure is bullish on the 4h timeframe. Will wait for extra confirmations on the ltf once market tap into my demand zone
Bitcoin will cross 134,000 in next few MONTHS , I dont think its good idea to Exit from the Market now , instead wait .
Short term potentially in a cup and handle pattern since June 2022, currently in the distribution stage around the bottom. Needs to close above 21M EMA for confirmation. An uptrend can start in Q4 2024, which would get the price to $125+ in 2025. Long term the price seems to be in an uptrend since 2016, if excluding the 2020 outlier. The resistance at 200M EMA...
My day trading strategy capitalizes on trend reversals and high-probability entries using the Head & Shoulders pattern across multiple time frames, ensuring risk management with strict entry criteria and a high reward-to-risk ratio. With a focus on price action and disciplined execution, it limits trades to maximize efficiency and minimize losses. This approach is...
NOT ( BINANCE:NOTUSDT ) is preparing for an explosive upward pumping, continuing its weekly rise, today it experiences a jump of 100% to 250%, the price ranges below are possible targets. $0.02500 $0.02750 $0.03200
Go higher. The rationale behind : 1. Sentiment on open positions of retail traders 2. Data from the latest COT report on positions of major players 3. Cumulative metrics of technical indicators