Bitcoin has been giving us some positive vibes as buying pressure shows up on lower timeframes. We've even managed to keep the price above $60k - an excellent sign of strength.
However, before considering more upside there really is just ONE thing we need to see - higher lows.
For as long as we are unable to breakout ABOVE the diagonal resistance zone, we'll...
Simple price action analysis, breakouts and trend continuation.
I will keep this post updated to see how price plays out.
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I’ve just recorded a video covering 11 Money Making Opportunities that you won’t want to miss. Here’s a quick rundown of the currency pairs discussed:
- GBPUSD
- USDJPY
- EURJPY
- GBPJPY
- NZDJPY
- NZDUSD
- AUDUSD
- AUDCAD
- USDCAD
- CADJPY
- GBPAUD
What’s Inside:
- A.P.E Framework: I’ve also shared how I use our trading framework, the A.P.E Framework, and...
The charts provided for XAU/USD (Gold Spot) on various time frames present a comprehensive analysis scenario where several key patterns and zones align across different time frames.
Analysis Breakdown:
1. **Daily Time Frame (1st Chart):**
- Rising Wedge Pattern: This is typically a bearish reversal pattern, especially when it forms after a significant...
👀 👉 The EUR/USD pair is the most traded currency pair in the world, and in this video, I take you through a comprehensive analysis of this highly liquid market. I also present a trade idea that can be considered for today. However, the concepts and strategies discussed are not limited to a single session—they can be applied at any time in the future across various...
Comprehensive Analysis of XAU/USD (Gold vs. U.S. Dollar)
Across the 1-hour, 15-minute, and 4-hour charts, the current market structure of Gold against the U.S. Dollar (XAU/USD) reveals a critical juncture, with several key technical patterns and liquidity zones influencing potential price movements.
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1. Overall Market Structure: Large Ascending Channel...
Key Components:
Chart Type and Pair:
The chart is a 1-hour (1H) timeframe for the Gold Spot/U.S. Dollar (XAU/USD) pair.
Support and Resistance Levels:
Horizontal Resistance Line at $2,446.18: This is labeled as "1HR LQZ" (1-hour liquidity zone), indicating a significant resistance level where price might face selling pressure.
Horizontal Support Line at...
It's the weekend. I like to go out to my larger charts and clean off the entire chart and start analyzing the instrument for next weeks trading.
We know that price is going to move up or down from where it currently is located, so we just need to make up a game plan to trade it..
Looking out at the 4 hour, 1 hour, and 15 minute charts for our trend and target...
Update: simple and easy setups sometimes are the best so never underestimate ur trade and have second thoughts about it on 2 conditions:
1- u enter from strong area of resistance or support.
2- u don't enter against the trendline or the general direction of the pair.
the price is creating very decent waves and also it will hit 71% fib level that will be at the...
Key Levels and Zones
Highs and Lows:
HH (Higher High) and LH (Lower High) are marked on the chart.
The chart shows a recent HH and LH indicating a bullish trend with a potential pullback.
Liquidity Zones (LQZ):
4HR LQZ at 2474.891: This zone might act as a significant resistance level.
4HR LQZ at 2432.126 - 2432.046: This zone was previously a resistance level...
Current Trend
Bull Flag Formation: The chart indicates a bull flag pattern, a bullish continuation pattern that usually occurs after a strong uptrend (flagpole). The consolidation within the flag is typically a pause before the next upward move.
Trendlines: The yellow trendlines outlining the flag suggest that the price is currently testing the upper boundary of...
Dogecoin is looking bullish here for a couple of reasons:
1) Chart Pattern
Inverse Head and Shoulders in the Daily
2) Technical Indicator
"BUY" flash in the weekly
3) Trendline Analysis
Higher lows, consistently
If you've been following, you'll know I've been looking at a multi-month playout where we can expect another impulse wave up in Bitcoin as...
Major Support / Resistance Zone:
This zone is marked clearly on the chart and acts as a significant level where price has previously reversed or consolidated. It's crucial to monitor how price reacts around this area.
Wave Analysis:
The chart shows a clear Elliott Wave structure, with a 5-wave pattern identified. Waves (1) to (5) represent the motive waves, and...
This is an explanation of what has happened on the AUDCAD and what we can be expecting in the near future.
It shows the detailed analysis and also emphasizes on the Target and what it is "assumed" to be.
Engage to get more educational content.
1. Daily Trendline
Description: The yellow trendline running across the chart represents the overall upward trend on the daily timeframe. It shows that despite the recent fluctuations, the long-term trend has been bullish.
Significance: This trendline serves as a dynamic support level. Traders often look for price action around this trendline to gauge the...
Technical Breakdown for XAUUSD
Impulsive Move and Correction:
The price made an impulsive move upwards, indicating strong bullish momentum initially.
After reaching the peak, the price began to form a correction pattern, which typically suggests that the trend might continue in the same direction after the correction is complete.
Descending Channel:
Within the...
NASDAQ:NVDA is clearly overextended but still not bearish at all on the smaller timeframes.
If you watched my previous analysis on Nvidia, you know that I have been bearish for quite some time and totally wrong so far. But there was never ever any single sign of weakness so I did not take any trade betting on price to go down. Nvidia is still retesting...
4-Hour Chart Analysis
Trend Identification:
Higher Highs (HH): The chart shows a consistent formation of higher highs (HH) which indicates an overall uptrend.
Higher Lows (HL): The chart also demonstrates higher lows (HL), further confirming the uptrend.
Key Levels:
Resistance Levels:
Around 2,480 and above are marked by HH.
Support Levels:
2,429.42 (1HR LQZ /...
