On a short term scale, I see Gold heading higher towards $1,957 - $1,965 to complete its current bull move. We also have pending liquidity above the previous Wave 4 (X) high. Wait for a small sell dip lower & let price settle, before looking to enter any buy positions. If price don’t settle, then no move to enter.
As you can see, the market structure is bullish so we expect higher prices will be seen. Since the price collected liquidity below 105.5 and then had a bullish reaction we mentioned Order Flow and Order block as support that can cause the price to move higher for creating a higher high. 💡Wait for the update! 🗓18/10/2023 🔎 DYOR 💌It is my honor to share your...
We can see that USDCHF has followed a descending dynamic trendline and has now formed a triangle pattern. Most other Swiss crosses are near or at ATL's or ATH's except this one. We can see multiple rejections on the 4HR from my support line and we're nearing the squeeze point of the triangle, so if we break the descending line I'll be looking for a long...
Multiple time frame analysis for Dollar Index. Price action & important key levels. Potential scenarios. Trading plan. ❤️Please, support this video with like and comment!❤️
US30 H8 We indicated the 34000 sell zone yesterday, and we have since seen a tame 1.5R from this area. Speaking with a few followers, this is something they've capitalised on. That being said, the concern for DXY downside throws a spanner in the works, and the chances of US30 pushing towards 35000 is becoming more and more. 35000 is certainly a preferred sell...
As you may be aware, the euro has been facing considerable pressure against the US dollar, and there is a growing possibility that it may soon reach parity or even dip below it. Given the caution warranted in volatile markets, this idea aims to present a valuable opportunity for traders who are willing to navigate the risks involved. If you have been following...
-SL @ 150.00 🚫 SLO @ 148.90 (conservative) ⏳ SSO @ 146.75 (moderate) ⏳ TP1 @ 142.66 (shaving 25%) TP2 @ 139.15 (shaving 25%) TP3 @ 136.60 (shaving 25%) TP4 @ 132.60 (shaving 25%) TP5 @ 130.50 (closing ALL Sell Orders) BLO @ 129.33 (1D) ⏳ -SL @ 128.25 🚫 PA is hanging out in the Supply Zone. 📉 Hopefully, it wicks up to our SLO and tanks
RESISTANCE @ 0.7350 SLO @ 0.7160 ⏳ TP4 @ 0.7060 TP3 @ 0.6720 TP2 @ 0.6500 TP1 @ 0.6180 BSO @ 0.5900 ⏳ BLO @ 0.5855 ⏳ SUPPORT @ 0.5655 After a +600 pips profit towards the downside, we are ready to rock towards the upside again.
USDJPY is taking off from a solid horizontal support. After the test of the underlined blue area, the price formed a doji candle on that and then we see a huge imbalance. I expect a bullish movement at least to 149.78 ❤️Please, support my work with like, thank you!❤️
USD/CAD is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 1.36408 which is a pullback support that aligns with the 50.0% Fibonacci retracement level. Stop loss is at 1.35590 which is a level that sits under a pullback support. Take profit is at 1.37276 which is a pullback resistance that aligns...
Good morning, Over the weekend, the Dollar Index made an upward move, but it now appears to be reversing its course and heading lower. As for the EUR/USD pair, it seems to have opened in line with the previous Friday's balance, as observed on the TPO chart volume statistics. Our team, the Global Chart Surfers, has been holding short positions since last week....
USDJPY could fall towards a pullback support and potentially reverse from here to bounce higher towards our take profit target. Entry: 149.208 Why we like it: There is a pullback support level that aligns with the 38.2% Fibonacci retracement level Stop Loss: 148.519 Why we like it: There is a pullback support level that aligns with the 38.2% Fibonacci...
S&P index is going to test 4170.75$ level this month, it’s now going down to this level. We will wait after testing this level to detect price moves.
After DXY reversed from the keyzone level of 105.774 last week and moved back to the upside, my expectation for this week is that the market will continue the uptrend with the target areas identified above. The ongoing conflict between Israel and Palestine has increased the demand for the Dollar as a safe-haven asset. However, it's important to note that other...
Hello,Traders! GBP-USD fell down sharply But will soon be retesting a Horizontal support of 1.2114 From where I think we will See a nice bullish rebound Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
The index couldn't reach a new high at the last rising leg, furthermore, the sellers' pressure was considerable in May. And recently, It has had a long correction after a tiny bullish leg. All these signs show us the probability of a major fall.
Here is my latest structure analysis for EURUSD. Support 1: 1.0448 - 1.0468 area Resistance 1: 1.0618 - 1.0644 area Resistance 2: 1.0691 - 1.0738 area Resistance 3: 1.0755 - 1.0794 area I believe that probabilities will be high to see a bearish continuation to Support 1. Consider the underlined structures for pullback/breakout trading. ❤️Please, support...
The dollar index (DXY) is inversely correlated to the price of Bitcoin. To make it easier to read I've inversed the DXY. The direct correlation between the two assets has everything to do with risk. In a trading environment where investors are happy to take risks, they are willing to spend their dollars (downwards pressure) and buy risky assets (upward pressure)....