awelrisak

awelrisak

The price is retesting the trendline that it previously broke. The price is likely to retest the 50 EMA. The price is currently at the 70.5% level of ICT OTE. The stochastic oscillator is showing that the price is overbought. The awesome oscillator is making lower lows while the price is making higher highs, which is a divergence signal indicating a small uptrend reversal.

awelrisak

Candle stick with long wick and high volume means that bulls and bears fought, bulls won. • uptrend Continuation symmetric triangle • price to hit 150

awelrisak

Following the falcon strategy there’s high probability that this pair will drop heavily

awelrisak

This is my perspective about gold. The USD is weaker since there’s is gonna be less interest rate hikes and the cpi is expected to come lower than the previous on Tuesday. Interesting, the retail traders are short on gold, but since 95% of them lose their money, I go opposite of them. That’s why I am long for gold.

awelrisak

UJ is coming back from 4HR bullish trendline, and there is Bullish bat pattern in 1 Hr Tf

awelrisak

Price broke through several trendlines. A double top or daily consolidation was also broken. The market has shifted downward, leaving some FVGs behind. Price may retreat to close those gaps. Bearish breaker candles coincide with the bearish order block, and both coincide with the 50% Fibonacci retracement, making that area a resistance zone. The zone also...

awelrisak

Recent price movements have been sideways. On the other hand, OBV is trending downwards. According to OBV standard interpretation, if price is moving sideways and OBV is making new lower highs, then price is in the distribution phase. There's a reasonable chance we'll get a downward break. This is because the downward trend in the OBV suggests that the volume of...

awelrisak

After the ceasefire in Ukraine, many traders are cautiously optimistic as the markets may be turning around. The appearance of an inverse head and shoulders pattern hints at a possible reversal in the downward trend since the Ukraine invasion. This could be a sign of a positive shift in the markets and could potentially open up some great investment opportunities....

awelrisak

After the ceasefire in Ukraine, many traders are cautiously optimistic as the markets may be turning around. The appearance of an inverse head and shoulders pattern hints at a possible reversal in the downward trend since the Ukraine invasion. This could be a sign of a positive shift in the markets and could potentially open up some great investment opportunities....

awelrisak

A bullish flag pattern appears on the chart since October's downtrend reversal. This might indicate continuation of the uptrend.

awelrisak

•Waiting for the break of ascending triangle •price have recently been in raising channel.

awelrisak

•RSI from the overbought zone and might reach to the 30 level. •from 1D resistance channel and might reach to the support channel •price haven’t retests 20, 50, 200 MA’s since it break, so it might retest now.

awelrisak

I think that the Aussie is short time bearish because: •Formation of double top •RSI is overbought in both 1H and 4H TF’s •Price hit level 0 of Fibonacci retracement and might come back to level 0.382 •price haven’t retested its 1H 50 MA since it break. Entrance: break of neckline SL: 1 ATR from neckline TP: price projection method: distance between the highest...

awelrisak

For short term (1H tf), downtrend consolidation is more likely to break because: * volume is low / making LL, indicating the absence of big players (institutions) therefore the trend might not get strength to reach to the resistance. * RSI is making LL, opposite to the price uptrend thus price is more likely to reverse. * The price might find a resistance at its...

awelrisak

For short term, Uptrend is likely to break because: * volume is low / making LL indicating the absence of big players (institutions) therefore the trend might not get strength to proceed. * RSI is making LL, opposite to the price uptrend thus price is more likely to reverse. * The price might find a resistance at its 50 MA (EMA), which it is so close to. * The...

awelrisak

For short term, Uptrend is likely to break because: * volume is low / making LL indicating the absence of big players (institutions) therefore the trend might not get strength to proceed. * RSI is making LL, opposite to the price uptrend thus price is more likely to reverse. * The price might find a resistance at its 50 MA (EMA), which it is so close to. * The...

awelrisak

For short term, Uptrend is likely to break because: For long term: * MA of 50 period in monthly timeframe slopes downward showing that the trend is downtrend. * Resisted from lev 0.5 (1.23051) in weekly fib retracement, and might fall to lev 0.38 (around ≈ 1.19407) * Daily timeframe uptrend reversal * Daily timeframe Fibonacci retracement from level...

awelrisak

* Downtrend in Monthly timeframe * Resisted from lev 0.5 (1.23051) in weekly fib retracement, and might fall to lev 0.38 (around ≈ 1.19407) * Daily timeframe Fibonacci retracement from level 0 (1.24440) and might further fall to level 0.38 (1.6462) * Daily timeframe RSI fail to make new HH, RSI is overbought, it might face to the lower bond (≈30) coming from the...