Market Analysis PT2/2 (9th May 2024) EURUSD Analysis On the 4 hour Timeframe, price is approaching a structural high created on the 7th of May. During london, I will be actively looking for price to sweep the structural high before a short term down trend into the Bullish 4 hour FVG. Once price does tap into the 4 hour FVG, I will be looking for a 15 minute...
#BITCOIN Breakout Alert! 1️⃣ Breakout: $63,000 ✅ 2️⃣ Retest: $60,700 ✅ 3️⃣ Target: $100k - There is an expectation of a new rally towards an all-time high based on the recent breakout and retest pattern. - Targets: $64500/$66700/$71300/New ATH - These targets are predicted on the condition that CRYPTOCAP:BTC maintains the support level of $60,500.
My dear subscribers, USDPJPY looks like it will make a good move, and here are the details: The market is trading on 155.69 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 155.55 About Used Indicators: The average true range ATR plays an important role in 'Supertrend' as...
Hello,Friends! EUR/USD pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 5H timeframe the pair is going up too. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is...
BUY ABOVE - 22070 SL - 22020 TARGETS - 22120,22180,22240 SELL BELOW - 21960 SL - 22020 TARGETS - 21900,21850,21800 NO TRADE ZONE - 21960 to 22070 Previous Day High - 22300 Previous Day Low - 21960 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the...
The USD/JPY pair has completed the impulsive wave sequence labeled as 1-2-3-4-5 and is now entering a corrective phase, typically labeled as A-B-C. The price has already formed waves A and B and is currently progressing towards wave C, which is expected to extend to the 1.618 Fibonacci extension level. Additionally, the formation of a head and shoulders pattern...
The GBP/JPY experienced a notable turnaround at the 200.500 level following reports indicating potential direct intervention by the Bank of Japan (BoJ) in the foreign exchange (FX) markets. This intervention, suspected to have occurred twice within a two-day span earlier this week, aimed to bolster the beleaguered Japanese Yen (JPY). Disclosure reports from the...
Today's US fundamentals are very bearish for Dollar Index. After a test of a key daily horizontal resistance, the price formed a strong bearish imbalance and violated a support line of a rising wedge pattern on a 4H time frame. I think that the fall may continue. Next support - 104.9 ❤️Please, support my work with like, thank you!❤️
Hello,Friends! GOLD pair is in the downtrend because previous week’s candle is red, while the price is clearly rising on the 1D timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 2265.765 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is...
BUY ABOVE - 48900 SL - 47400 TARGETS - 48050,48220,48460 SELL BELOW - 47400 SL - 47560 TARGETS - 47200,47000,46800 NO TRADE ZONE - 47400 to 47900 Previous Day High - 48220 Previous Day Low - 47400 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the...
I m posting as per my trade expert Short selling trade setup on XAUUSD Wait and watch for this trade ( trade on your on risk ) this is only for educational
Please, check our technical outlook for GOLD. Time Frame: 3h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 2372.191. Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all...
Gold prices continued their uptrend on Thursday and rose more than 1% as US Treasury yields fell, reducing the greenback's appeal. Labor market data from the United States was weaker, increasing the chances of an interest rate cut by the Federal Reserve despite facing inflationary pressures. XAU/USD's daily chart shows it has slowed its recovery around the...
Hello,Friends! CHF-JPY uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 169.201 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the CHF/JPY pair. ✅LIKE AND COMMENT MY IDEAS✅
DISCLAIMER This is not financial advice; you are trading at your own risk. Never risk more than you are willing to lose. Gold/USD (XAUUSD) Ideas For 10 May 2024 BUY LIMIT Order: $2322.16 Stop Loss: $2306.41 Take Profit 1: $2337.67 Take Profit 2: $2358.29 Risk per trade: 0.5%. MT4/5 trade expiration: Today 100% mechanical strategy, zero analysis, zero...
Take a look at our analysis for EURUSD. Time Frame: 2h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 1.073. Considering the today's price action, probabilities will be high to see a movement to 1.076. P.S We determine oversold/overbought condition with RSI indicator. When...
EUR/GBP Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of interest. • If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it. EUR/USD Short Minimum entry requirements: • If 3 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
My dear followers, This is my opinion on the EURUSD next move: The asset is approaching an important pivot point 1.0772. Bias - Bearish Safe Stop Loss - 1.0812 Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 1.0717 About Used Indicators: For...