BTC/USD has created a symmetrical triangle pattern. It's taking reversal from the resistance trendline. Technically, it will keep falling. Day traders can keep selling BTC/USD for the target of 10630 - 10560 levels. Short-term investors should wait for a divergence from the entry point. It will start flying soon for 10900 - 11200 - 11400+ levels. But,...
USD/JPY is following a dynamic resistance trendline since July 2020, and it's there now. Here, we have the opportunity to earn $12,000+ (trade size:10,000) in profit. A short position can initiate the dynamic resistance or below for the target price of 105.6. That's for day traders! If you have expected something bigger from this call, I recommend holding...
Here, In the beginning, the trend was incremental. But after making a sharp peak, it converted into the descending one. It started to increase by making arc-shaped strong support and fell from the peak. The trend made an ascending triangle between the support trendline and resistance trendline. If from the last candle of an ascending triangle, It moves in...
This is an educational + analytic content that will teach why and how to enter a trade Make sure you watch the price action closely in each analysis as this is a very important part of our method Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
USD/CHF is making a slope here, between a strong resistance trendline and a support trendline. The trend made an upswing parallel channel, But it can fall and knock the control price line. There is a possibility that It will rise to 0.9200 , and then it can touch 0.9236 . Also, there is a possibility for the fall to 0.9100 , which is the first target. Then...
The trend is making a downside slope here. I applied the Fibonacci retracement to set the levels. In the beginning, it's an uptrend. From the 1.20114 , it started to fall. In between the resistance and support trendline, it tried to climb and made minor support. the trend rose to the 1.17696 , then it started to fall again. It will tumble to the 50 percent...
I have used Fibonacci retracement in this chart to identify the possible further moves of USD/CAD. It's an uptrend. In the beginning, there is a descending triangle. There is a descending triangle at the beginning of the Fibonacci retracement ( 78.60 percent around). And the next construction of the trend before the brokedown is a parallel trendline. After the...
In this chart, resistance & support shown by using a box. Redline between the chart is a hurdle. By following the box, we can say that there will be a downtrend. Dynamic resistance shows that if the trend crosses the hurdle, there will be a downtrend. But if it will not intersect each other and will take a "V" shape there will be an uptrend to the 1.1770 -...
The gold spot made a symmetrical triangle and broke upward. And it was following the downtrend line channel from the beginning of September. As you can see, the breakout candle has closed above. I have drawn a dynamic parallel trendline to find out the last point of the rally. Long-term investors, please keep their eyes on A, B, C, D, E, F, and G. Wherein F & G...
In the previous week USD/JPY gained +1.261 points. From the last candle there will be an uptrend to the parallel channel and then price will start to fall again. Here, the hurdle is 106.06 level. If candles consecutively crosses the dynamic resistance(DR) there will be an uptrend and price will increase to the 106.76 or above but if candles continuously...
According to the chart above, GBP/USD keeps moving upward nonstop. But it rallies pausing at reversal points (strong resistance) for a few days or weeks. At present, it's again at a strong resistance line. Will it uptrend over here? Can British Pound / U.S. Dollar start a downtrend? As per the Elliot wave theory, GBPUSD can run for 1.34450 level to complete...
Multiple Short Opportunities on EURUSD From Monthly to H4 Timeframes. Quarter of Normal "Small Lot" (1/4th) Small Lot = 0.05 per $1,000 *Balance* MAXIMUM EURUSD Weekly/Monthly Short *Long Term* Trade Sell EURUSDi at 1.18029 (NOW) -> sl: 1.21091 tp: 1.09109 On 0.25 lot : SL = -306pips & -$765 TP = +892pips & +$2,230 We want to get into this trade. We...