On the H1 time frame, prices are approaching the resistance zone at 0.6200, in line with the graphical support-turned-resistance level and 38.2% Fibonacci retracement. A pullback to the resistance zone at 0.6200 presents an opportunity to play the drop to the next support target at 0.61550 which coincides with the graphical support zone. Prices are holding below...
On the H1 time frame, prices are facing bearish pressure from the resistance at 0.6680, in line with the descending channel, 23.6% Fibonacci retracement and M15 supply zone. A pullback to the resistance zone at 0.6680 presents an opportunity to play the drop to the next support target at 0.6630, which coincides with the graphical resistance-turned-support level...
Price has formed a double bottom & strong bullish reaction off the of key structure of the current uptrend. This is a strong bullish indication that we may see price rise now.
It's all on the charts. The Dollar does not like trenches. Zoom into chart for a better view. This is a probabilistic estimate for a 51% chance movement north. That means there is a 49% chance of no direction north. Prediction this is not (because predictions are 100% for occurrence). What this means is that the probability north should be factored into all...
💶💵EUR/USD Clear signal for declines 💶💵Recently I come to you with the most important forex pair i.e. EUR/USD 💶💵You can see that what I wrote in previous posts about possible declines today came true. 💶💵We started with the price going up around the recent peaks then we scored a solid slide below the opening. 💶💵Looking at the shape of the candle, it is not...
XAUUSD analysis: Considering the weakness in the ascent and the breaking of the trend ceiling, I expect a downward movement. . . price: 1753.00 sl: 1771.00 tp1: 1740.00 tp2: 1709.00 . 👤 Alireza hajighasem : @alirezahajighasem . . 📅 11/25/2022
I believe its at a key area and waiting for a signal to continue in the upwards or down direction
TVC:DXY Is soon meeting a confluence around 115. Anticipating weakness from that level. #AHMEDMESBAH
Good day everyone! Don't forget to put your thumbs up and write comment if you like the idea. NZDUSD sales 0.6240 and 0.6280. SL 0.6330. Risk 1%. Sale from monthly and weekly target area. In the week they came for a test of the upper edge of the balance sheet, and in the week for commercial interest for sale. First Target Standard, Global Target Return to...
This week, I expect a bit of a sideways melt-up before the Dec 7 start of the Santa Rally. The markets are digesting the post Thanksgiving trends and may continue to stay in a fairly narrow range over the next 7~10+ days. I do believe a critical Fibonacci inflation point is likely before Dec 7~10 - prompting a moderately strong Santa Rally phase to...
Potential reversal impulse movement was formed on November 22 - 24, to develop an uptrend it is necessary to overcome the key level of 16,950. Investor sentiment continues to be at pessimistic levels, which confirms the moment of the quotes near the potential lows, the situation will be resolved in the near future. Altcoins Among Altcoins, we single out Tron as...
The Big Tech stocks which are listed on prominent North American stock exchanges have been unusually volatile recently. Large technology companies such as Microsoft, Apple and Google are often regarded by traders as steady, non-volatile investments which only move very slightly, hence their wide-ranging popularity among all kinds of traders and...
Short - Medium risk Tp & Sl (chart) _______________________
Looks like a bull trap to me... How about you? I/m seeing it drop at least to the upper trendline, then to the yellow line at 1.02235 is my theory.
GBPUSD after testing with a spike retraced at the 0.886 Fibonacci level and is looking for direction. The market overall remains in a bullish trend in the short term and a new recent high can be seen. How can i approach this scenario? I will wait for a possible break of the resistance area and if that happen i will set a nice long order according to the...
EURUSD on the 4h chart after last week's impulse is trading at the recent high. The price never provided a re entry zone and some retracement to a fair value can be seen. How to approach this scenario? I wil wait for a possible test of the 0.5 Fibonacci area and IF the market will provide us an inversion i will set a nice long order according to the Plancton's...
Next are of interest for me. After bearish test of 4hr resistance, bounce on support - which it looks likely to test again.