Yesterday, gold prices edged higher to $2036 in the Asian session and then fell rapidly to around $2017. After gaining support, gold prices rebounded to around $2025 and finally closed with a small bull candle, which also ended the 2 consecutive declines. The market began to stabilize. Investors who want to go short need to be cautious and should not chase the...
GBPUSD has been caught up between two long term patterns, a Channel Up since December 2022 and then a Channel Down that emerged after the July 14th 2023 High. Right now it is on the rising wave (dashed Channel Up) of the Channel Down and on the November 29th High got overbought on its RSI (now balanced with RSI = 58.041, MACD = 0.009, ADX = 28.423). Our intention...
Hello traders, I'm following and observing AUD/USD price movement over a period of time and this setup makes a lot sense to me based on my research as it has a high probability. Ofc there is an imp USD news today but we assume the price moves in our favor during volume time. Hope it works! Stay safe
GBP/CHF Long • If price impulses up, it does so in a convincing manner and a tight flag forms, then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I...
Today's focus: CHFJPY Pattern – Ending Diagional Support – 167.50 Resistance – 169.40 Hi, and thanks for checking out today's update. Today, we are looking at CHFJPY on the daily chart. Today's video asks if CHFJPY will continue to move lower after breaking out of an ending diagonal pattern. These patterns are seen as reversal patterns. We have broken down the...
Hello traders ,what do you think about GOLD? After the sharp price growth on Monday, which was a false breakout, gold quickly returned below the broken zone and fell to the 2010 zone. It is currently trading below the resistance zone of 2050, which is expected to fall to the specified zone after the completion the pullback to the resistance zone . Today, ADP data...
Hello guys, Here is my idea on NZD JPY for long position Reason for this trade. 1: A bounce from Support level 2: Fib Retracement level 3: LH market structure was broken and the market is currently retesting it. 4: The market formed a demand level that broke the LH market structure which give us a sign for upward movement. First Trade will be executed at...
Falling Flag has formed on the USD/JPY. There has been a retest on the support level. With the ongoing uptrend and support, this definitely keeps the bias long and bullish. 21>7 Price>200 which confirms the bull market. Target 1 will be at around 153.69
GBP/USD fell on Tuesday, extending its drop for a second consecutive day after failing to clear a key ceiling near 1.2720, which corresponds to the 61.8% Fibonacci retracement of the July/October slump. Should losses deepen this week, it is important to watch how prices behave around the 1.2590-1.2570 support zone, bearing in mind that a breakdown could expose the...
Yesterday, gold prices saw an inverted deep V-shape reversal. Gold prices surged sharply higher in morning trading, hitting an all-time high of 2145. Subsequently, they fluctuated downwards, stopped falling around 2020, and finally closed with a full bear candle with a long upper shadow. At this point, the gold price trend has also shown signs of a top, forming a...
Yesterday, I said to go long from 1.0808 or short from 1.0880. Price hit 1.0808 first which would be a long opportunity but instead of going up to the target, it was capped by PZ and eventually it closed lower. Price action was bearish on Monday and trend was down but I said to play the bounce. Wrong call on fading the trend. But despite the sell yesterday, I am...
Hello guys, Here is my GBP USD trade set up. GBP USD has broken a major support level, now waiting for the retest of the broken support level to enter sell position base on candlesticks confirmation patterns at the retest.
hello trader’s what do you think about Eurousd ) analysis ideas 💡?? …………………………………………………🧐 Euro 💶 usd …………………………….🧐 Analysis …………………………………🧐 Support levels………1.08789———🎚️ Support levels………1.07500———🎚️ Resistance levels__1.09500———🎚️ Resistance levels—1.10145———. 🎚️ Resistance levels—1.10963———-🎚️ Trader’s follow support and resistance levels...
FTSE100 D1 Since breaking south of 7720 during the start of May 2023, we have held this range between 7720 and 72250 support since. Sell zone is between 7700 and 7720, a 20 pip zone. With take profit targets, or our buy zone sitting around 7260 to 7280.
hello trader’s what do you think about Gold usd ) analysis ideas 💡?? …………………………………………………🧐 Gold usd …………………………….🧐 Analysis …………………………………🧐 Support levels………2068———🎚️ Support levels………2026———🎚️ Resistance levels ………2147 Trader’s follow support and )resistance levels 👍🏻💡) Pales like 👍🏻 and comments)
NZD/USD Long • If price pushes down to and ideally just below our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back up followed by a tight flag and then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will...
Gold pulled up quickly in the European and U.S. sessions after falling from $2049 to $2033 in the Asian session, once reached $2075 and approached the historical high. Many significant positions are accumulated to prepare the new high for this morning. Moreover, stop-loss orders were removed in the morning session and gold once ascended to $2145 by over $70....