Highlights The previous scenario played out. Awaiting actions from buyers and sellers. Preference (buying/selling) - neutral. Description On the daily chart, buyers resumed from the discount zone (bottom 50%) of the last daily impulse and absorbed the seller's candle on increased volume, forming a buyer's zone (blue color, upper edge of the daily...
Highlights Long entry could be considered either from buyer protection at the lower limit of the range 35600, or from the current levels, if the seller does not appear and the buyer protects his zone (upper limit - 36470) with a target of 37526. Description On the Daily TF, there's a long trend. On the hourly chart, there's a sideways market. The lower...
Technical analysis integrated with the forex pair: - Resistance and support levels are marked by the yellow-shaded areas on the chart. - Market structure: Marked by higher highs and lower lows. The zigzag line, dashed, indicates a robust upward structure. - The market structure is in an upward trend, and the Demand Zone is marked in green. It is a favorable...
For today's GU breakdown I will be looking for buys from current price as it has tapped in a nice 6hr demand zone that has caused a BOS to the upside. As we have seen from last week's GU analysis we did anticipate scenario (A) to play out and it did so perfectly. Now, we are looking for buys back up as it has filled in the major imbalances left from before. On...
Gold is now looking very promising for another impulsive move to the upside which I'm expecting to happen around the price of 1920-1930. As price is approaching I'm waiting for a wyckoff accumulation to play out and a clean CHOCH so we can enter our buys back up. As there is some asian lows around that region between the 5hr and the 4 demand, I would wait for...
Hello,Traders! GBP-CAD broke the key Horizontal level of 1.6869 And beneath it is now A demand area limited by The rising support so we are Now locally bullish biased And I think that we will see A further move up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
No price action yet but price is landing on a historic trendline from 2009 and also strong pivot point. Seems like the 80 level is key and bulls will defend it. Open a small position and add when you see price action in the daily. I don't think is going to break down that easy. Will be fight.
Earnings punished this stock and pulled it back down to the support area at 140. Is a good company so I bought the stock at current levels. On the other hand I think is going to try again to break up the 180 level. I don't mind holding this one for several weeks.
Bitcoin (BTC) is experiencing a period of intense consolidation, characterized by narrowing price ranges and increased trading activity. This compression often precedes a significant price movement, and based on the current dynamics, many traders are gearing up for a potential bullish breakout. Squeeze & Liquidity Sweeps: The Tug of War In recent market...
Hi traders! You can consider buying if the buyer protects the hourly level of 35086.57, the daily levels of 33390.95 and 31804.2 (associated with exiting the sideways market) and the medium-term support level for the long-term trend at 24800. As for selling, there is currently no context. Take note of the 10D timeframe. After breaking out of the...
We may see a retest soon. I'm speculating and buying calls expiring on 11/03. I may buy more tomorrow and Friday if price action helps. The ETF is clearly oversold and hitting a strong support. We might have a couple of green weeks in he near future.
Hi guys, In this analysis I will be covering USDCAD. LEVEL 1.3891 has been acting as a resistance and price has already tapped into it multiple times. Should price begin selling off from this level, The first demand level would be 1.3832 and the one after that would be 1.3804. One other scenario is that price breaks through the immediate resistance with a fake...
We are in a major weekly demand zone here as you see. Yes, we have entered it fast but I like how Friday's daily candle rejected the zone, I will be looking for a bounce for at least this upcoming week.
On the weekly chart, there was a sideways movement from May 2022 to June 2023. It had a breakout with an upward trend (two impulses). The price returned to this sideways range six weeks ago. For the past four weeks, it has been hovering near the upper boundary of the sideways range, unable to close any weekly candles above it. There's a high probability that the...
Especially for my beloved brother, who likes Microsoft (MSFT) stocks. On the weekly chart, we have a sideways pattern. The price has played out vector 10-11 and is currently forming a bearish vector 11-12 within the sideways range. The daily chart also shows a sideways pattern. The bearish vector 9-10 has been technically played out. However, a significant...