Not in my style to take sell trades in crypto,usually not worth the headache, cuz shorts are short lived and when bulls come..damn do they over run on some herdlike mentality shit. So i Opened a spot sell margin position...since its bouncing off of the 50% fib level and it being in a downtrend channel. Well sign me up for this already,i just feel it in my...
Gold (XAU/USD) is falling towards the pivot and could potentially bounce to the 1st resistance. Pivot: 2,284.24 1st Support: 2,265.35 1st Resistance: 2,327.67 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all...
1. Nice rising wedge pattern observed 2. Break down is expected 3. A three black crows conformation is also seen 4. Retests this pattern and then a good move is expected I Am Not SEBI Registered Analyst. All Post and Levels Posting is only for educational and knowledge purpose. I Am not responsible for your any kind of loss or profit. No Claim, All Rights Reserved.‼️
May 9-17th anytime may bring a temporary boost for BTC, with a favorable green zone unfolding. However, don't get too comfortable - the market is likely to take one more dip, completing the C wave. Patience is key, as the price is in no hurry to make its macro move. Remember, the markets love to defy expectations. Probabilities are made to be broken, and...
Technical Confluences for Trade: - Stochastics are in Overbought Conditions on H4 and H1 time-frame. D1 is also entering Overbought Conditions. - Price action is close to last month's Resistance Trendline - Price action is in a consolidation zone - Targeting the 61.8% Fibo retracement Suggested Trade: Entry @ Area of Interest 0.8210 - 0.8230 SL @ 0.8244 TP 1...
WTI oil (XTI/USD) is falling towards the pivot and could bounce to the 1st resistance. Pivot: 77.21 1st Support: 75.98 1st Resistance: 80.08 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please...
Greetings, savvy and wealthy investors! Today, gold prices are trading negatively. However, the outlook for the precious metal remains constructive, as XAU/USD sits above the EMA 34, 89 lines. In the short term, gold prices are still constrained within a gradually declining trend channel since mid-April. However, the path of least resistance seems upward as the...
QM has been trading in a descending channel since breaking down below its previous ascending channel. There's too much speculation about tensions in the middle east and elsewhere to take any big chances on this IMO, so it's best to wait for a break and retest, whether it is to the downside or the upside.
Gold is retesting the trend support line. Combining the pattern and indicators to analyze, the probability of breaking the support is greater, so the trading strategy is to short, tp2301
DAX 40 (DE40) is rising towards the pivot which is a pullback resistance and could reverse to the 1st support level. Pivot: 18,539.83 1st Support: 18,239.12 1st Resistance: 18,700.00 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be...
There is a high probability that the Asian session will rise tomorrow, so if you want to trade in the Asian session, you can go long on gold first. First look at the area around 2327-2332, where there is resistance, followed by 2336-2343. The probability of breaking through this position is not high. If you really want to break through, you must first test the...
Gold (XAU/USD) is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 2,277.97 which is a pullback support. Stop loss is at 2,255.00 which is a level that lies underneath an overlap support and the 61.8% Fibonacci retracement level. Take profit is at 2,332.00 which is a pullback resistance. High Risk...
Hello traders, USOIL has been bearish since early of April. It got one week correction and turn down to drop hardly again last week. On the left weekly chart, last week Strong bearish candle cross EMAS down to a new low. This is a weekly bearish signal for us. On the right 4H chart, seems like it stops dropping by reaching FIBO EXT 1.27-1.414 support zone....
Hello traders, GOLD is facing a wide side way price action at the end of the strong weekly uptrend leg. On this left weekly chart, price could start to rise again with the support of EMA and retest weekly pressure zone. On the 4h chart, gold has start a new leg up since yesterday and now is sideways price action above 4H EMAS, this could be a chance to join...
TF: 6 Hr Price has made a nice correction of the recent impulse move down to ~$17,100. Price has recently been rejecting the 0.786 retracement of the move down. The 0.786 retracement also aligns with the POC of the impulse move down. Price could be setting up for a correction or price could also be setting up for another impulse move down, however, I think at...
Bitcoin halving makes Bitcoin more scarce. This can increase the price of Bitcoin and make it more attractive to investors, both retail and institutional. If you are an investor then be patient as the adjustment in the fair price of bitcoin continues. But for those of you who are futures traders, take advantage of the sell moment for current conditions.
The Kiwi (NZD/USD) is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 0.5979 which is a pullback support that aligns with the 38.2% Fibonacci retracement level. Stop loss is at 0.5950 which is a level that lies underneath a pullback support and the 50.0% Fibonacci retracement level. Take profit is...
The XAU/USD pair (spot gold) on the M30 timeframe presents a potential shorting opportunity due to a recent downward breakout from a well-defined bearish channel pattern. This breakout suggests a shift in momentum towards the downside and a higher likelihood of further price declines in the coming hours. Key Points: Sell Entry: Consider entering a short position...