#GBPUSD On the pound, we have a less clear situation, with liquidity raids from both sides, while still in a long context on the hourly timeframe despite the strength of the correctional movement. With such data, I step away from the chart of the traded asset to gather more information.
Strong Breakout in M&M 1. Moving above 50EMA 2. After breakout looking stong for upward 3. Last 6 Month Breakout Done In Mahinda And Mahindra
Hello Traders! In this post, I want to present how important is to recognize chart formation, set up correctly resistance levels, and find a good position to execute the trade. For better practice, I will recommend analyzing the history of any chart and trying to search for resistance levels, order blocks, and breakout points, and anticipate a good position for...
Hello traders what do you think about Gpbusd)? traders 1h tame frame see a bearish pattern channels breakout. rsl retet 1.26393 Down 👇 support levels ✅ 1.25222 now waiting. Same time Dollar steady as traders weigh labour data; yuan eases Dec 6, 202311:22 GMT+5 The dollar was near a two-week high against a basket of currencies on Wednesday as investors assessed...
The daily timeframe remains unchanged in the context and remains long. Last week, we aggressively closed above the nearest fractal maximum, followed by a correction and a continuation of the structural movement higher. The target will be the fractal at 1.27500.
After yesterday's impulsive movement, the price, without touching the PDH, started moving in a short direction on the lower timeframe. On the chat, I noted liquidity work (covering imbalances, working with fractals). It's important to note that the context on the hourly timeframe remained unchanged despite the emergence of short movement. Tomorrow, I am ready to...
Tesla is ready for another leg up: - NASDAQ:TSLA Technical Reasons: Tesla has entered the golden zone - between the 0.5 and 0.18 Fib retracement Money Flow Divergence on the daily Commodity channel index divergence on the weekly Stochastic Momentum switch on the daily Already +- 5% off the lows which shows buyer are stepping in RSI is exiting oversold...
Good morning, as you can see we have long context on 1h timeframe my target is PDH,
Good morning, as you can see we have long context on 1h timeframe my target is PDL, higher we do have an IMB that can give reaction.
we have long context on 1h timeframe with OF, my target for today is PDL, higher we do have an IMB that can give us reaction.
Monthly timeframe: We received a reaction from the imbalance zone at a price of 3600. It's worth noting that throughout the entire last year and this year, we have been in a long (corrective) context. The logical target could be the maximum of the year 2021. Invalidating the long context would be possible if the price drops below 3200 with confirmation.
Weekly timeframe: I've marked everything on the chart. Speaking of local movements, I expect the coverage of the imbalance below, after which the highs formed above will serve as liquidity for updating the maximum.
Daily timeframe: Aggressive movement starting from last week after removing the January fractal minimum. A clear long context, but to continue such impulsive movement, we need to address liquidity below.
Hello Traders, here is the full analysis. Watch strong action at the current levels for SELL. GOOD LUCK! Great SELL opportunity NZDJPY I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the...
#GBPUSD The pound seems similar to the euro, but there are a few differences: We have reached the logical target on the daily timeframe. The context has changed on both the 1-hour and 4-hour timeframes. The pound appears more suitable for short positions due to the achieved targets on the higher timeframe, as you mentioned.
Discover an enticing selling opportunity in GOLD as it undergoes a critical retest of a key support area. With market analysis, technical indicators, and price action as your allies, evaluate the potential downside move. Stay vigilant and informed to capitalize on this precious metal's market dynamics.
Fed's Powell: Wages are not the main driver of inflation right now
Along with this, the Bank of England will make a Super Thursday interest rate decision, so the latest forecasts will be updated accordingly. GBP/USD continues in a similar situation to earlier this week, when the price held high and low support after testing the Fibonacci levels last Thursday. This level is 1.2073, which is a higher low than the previous swing...