Hello,Traders! S&P500 is trading in a downtrend And we are seeing the index Going up to retest a key horizontal level Which makes me expect a pullback And a move down from the level Sell! Like, comment and subscribe to boost your trading! See other ideas below too!
Hello,Traders! DXY is trading in an uptrend Along the rising support line The key resistance level is now at 105.604 The nearest key support level is at 103.803 Given the uptrend I am bullish biased And I think that we will see the index go higher But we need to wait for the breakout of the resistance For the confirmation Buy! Like, comment and subscribe to...
Hello,Traders! BITCOIN has retested a weekly horizontal support level And we are seeing a bullish rebound from the level So the key level was proven to be strong so far And I think that we might see a further move up To retest the resistance level above Buy! Like, comment and subscribe to boost your trading! See other ideas below too!
Welcome back! Here's an analysis of this pair! **EURUSD - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in...
Hello,Traders! GOLD is trading between the two key levels At the moment, the resistance being around 1870 level And the support being around 1780 level And until one of the levels is broken The price will keep trading between these two So as GOLD is about to retest the resistance We are bearish and a move down is to be expected Sell! Like, comment and...
This pair has an unanswered bull run it's got to make up for. And when I say unanswered, it hasn't completed a textbook higher low on the daily time frame. So, I'm waiting to see if we have a chance to complete it this week. If the price isn't ready this week, I have TPS set up in the opposite direction. BEAR TPS: • 160.397 • 159.317 • 159.419 BULL TPS: •...
So I decided to see why this big ol' drop is happening with Bitcoin. The answer? We're filling a very old order block that was never completed in July 2021. So it makes sense price has dropped ALL the way to where we are now. Time to analyze where we may be going from here. According to this current situation, once the years-old order block is retested, we...
OANDA:AUDUSD A head and shoulder pattern formation on AUDUSD is a sign of a possible reversal in price direction. Should price break support/neckline. we go short on AUDUSD.
The market is an emotional creature. Our market analysis is a subjective process. Let the market action tell you where it`s going. Don`t try to tell it where to go. Support and resistance are created by the decision making of market participants, as they operate within an environment of uncertainty. Legend: White lines - significant key levels; Blue lines -...
The Aussie staged a rebound on Friday in tandem with other recently hard-hit risk assets, though remains on course for a possible retracement into the major bearish trendline identified on the daily timeframe. Therefore, we are bound to witness two possibilities in the new week as I expect selling opportunities at around 0.705/0.71750 and below the key level at...
The price is testing the first support of the ascending change, where the price created a nice daily candle with a false breakout and hold the 40k support. In 4h timeframe, the price is going to create a descending channel below the weekly resistance. Now we need to monitor two levels, the weekly resistance for a long scenario and the daily 4h support for a deep...
Hey traders! Hope everyone has had a fantastic weekend but its now slowly time to get back into the groove of day trading! The New York markets are open today even tough most European markets are closed... which means we will have a chance to finally trade after a long, and deserved, 3 day weekend! In this video we go over a trade we have on the NASDAQ a trade...
Reasons for bias: -Bear flag pattern on 1H (continuation pattern) -Inside of Daily Bull flag correction phase -Expecting price to go down inside correction before reversal to up inside Daily structure Confirmations to look for Short: -Bearish candle with high momentum closing below bear flag -Break of 92.414 Key level to below
On the upper chart (weekly timeframe) the price is testing the previous weekly resistance as new support, 0n 0.5 - 0.618 Fibonacci level. The current Weekly candle needs to close above the weekly structure. On the daily timeframe, the price is creating a channel between the monthly structures (32k and 48k) on the 4h timeframe, the price is creating an ascending...
Reasons for bullish bias: -Very strong timeframe confluence -Bullish trend on daily timeframe -Bullish trend on hourly timeframe -Break of 1H & 15min local downtrend -Bullish price action on 1H & 15min timeframe -Rejection from below at daily key level area Confirmations to look for: -Break & retest of local downtrend on 1min timeframe -Higher low & higher high...
Reasons for bearish bias: -Break below daily bullish trendline -Price sideways inside consolidation -Double top pattern formed at key level -Multiple rejections at 1947 level, which is also previous key resistance level -DXY uptrending Confirmations to look for: -Break of local bullish trendline -Break of 1937 level to below & retest of that level -Trade is...
Reasons for bullish bias: -Rejection at: Key level area 1.1000 + Bullish trendline + Fibonacci zone 0.5 - 0.618 -Break of local bearish trendline -Higher highs and higher lows -Crossing above EMA50 -Market sentiment is at 57% long positions Confirmations to look for: -Breaking above 1.1030 key level / retest of that key level or -Retest and rejection at bullish...
Reasons for bearish bias: -Downtrend on weekly/monthly timeframe -Breaking below 1.32100 level -Multiple hourly candle rejections at retest of 1.32100 area -Multiple rejections from above at EMA50 -Crossing of EMA50 & EMA14 -RSI divergence -Break below daily pivot -DXY uptrending Confirmations to look for: -Break & retest of local bullish trendline -Break &...