The pound tanking, I see a potential short - mid term gains for the EURGBP upto 0.8630/0.8640 - 0.8650. I expect to see some sort of retracement before sailing to targets 0.8630-40 in the short term. So on the look out for pullbacks during intra-day sessions.
GBPCAD broke and closed below a key daily structure support on Friday. The broken structure turned into a resistance. Today, we see its retest. The price formed a tiny horizontal range on that on an hourly time frame. Its support violation is a strong intraday confirmation. I already shorted the pair. Goal - 1.6966 ❤️Please, support my work with like, thank you!❤️
TRENT consolidating near its high levels. Traders monitoring for potential breakout from this consolidation pattern. 📈
That was quite a boring week for Dollar Index. The market was stuck within a narrow horizontal range on a daily. Next week, wait for a breakout of the range. Bullish breakout of its resistance will be a strong trend following signal, while a bearish violation of its support will initiate a correctional movement on the market. Next key resistance - 106.85 Next...
miner consolidation may force short term pressure possibly til Q3-Q4
Bitcoin crashed significantly, as I warned you in one of my previous analyses: What now? Is the crash over? I don't think so! The halving event is in a few days, and huge volatility is expected. The problem is that below the current price, we have a double bottom pattern, and there is a lot of liquidity that whales need for their huge buy orders. It's really...
FCCL is trading in bullish rectangle pattern (continuation pattern ) as also there is no bearish divergence at current level . We can attempt to buy at retest if it gives breakout upside so the projected price will be 25.
Hello Traders ! On The Daily Time Frame, The AUDUSD Formed a Rectangle Pattern. Yesterday, The Price Broke The Support Level. This Key Level Becomes a New Resistance Level ! So, I Predict a Bearish Move 📉 TARGET: 0.63620🎯
Daily/4h time frames analysis for US100. Price action & key levels. Directional bias. Thoughts. Trading plan. ❤️Please, support this video with like and comment!❤️
As I predicted, NZDUSD dropped heavily after the release of Retail Sales data on Monday. Analysing a price action today, I see that the pair became heavily oversold. The price formed a falling wedge pattern and a narrow horizontal range within. Bullish violation of the resistances of the wedge and the range indicate a highly probable coming...
Look for the trail downwards Rectangle Top Reversal Downwards move back to support
XYO is in the dark zone between the resistance and support bands of current price ratio.
After quite a long consolidation within a wide horizontal range on a daily, US100 index violated its support. That violation is an important sign of strength of the sellers. It may trigger a correction lower, at least to 17500. ❤️Please, support my work with like, thank you!❤️
We can attempt to buy AIRLINK from specified level by placing buy stop as it has potential to achieve new targets i.e : 96 . SL , TP mention in chart
Reasons for bullish bias: - Consolidation phase breakout - Bullish trend Entry Level(CMP): 38.27 Stop Loss Level: 30.34 Take Profit Level 1: 46.2 Take Profit Level 2: Open
One more pair that looks very bearish to me after news is NZDUSD. I see a confirmed bearish breakout of a support line of a horizontal trading range on an hourly time frame. I think that a bearish trend on the pair will continue. Initial target 0.59 ❤️Please, support my work with like, thank you!❤️
Bitcoin may look pretty bullish, but do not get distracted. The price is forming a bearish distribution pattern inside a bearish parallel channel, as you can see on the chart. Right now, the odds are in favor of another crash. I am not saying this only because of the price action, but also because of the Elliott wave theory: as per my wave count, I am expecting...
Since bitcoin has already fallen from the price I've marked on my chart, I am going to explain why I think price will go to low 60k. Idea Invalidation: - If price continues to go up while above 2.5 market cap - If bitcoin consolidates here and alts pump hard, then bitcoin rallies again Price direction idea 1: There are currently two unfilled CME gaps in recent...