Trading the double bottom pattern involves identifying a bullish reversal pattern on a price chart and making trading decisions based on the pattern's confirmation. Here's a step-by-step guide on how to trade the double bottom pattern: 1. **Identify the Double Bottom Pattern**: A double bottom pattern appears on a price chart after a downtrend and consists of...
◳◱ On the $NFP/ CRYPTOCAP:USDT chart, the Bband Breakout pattern suggests an upcoming trend shift. Traders might observe resistance around 0.58147 | 0.66395 | 0.78956 and support near 0.45586 | 0.41273 | 0.28712. Entering trades at 0.59082 could be strategic, aiming for the next resistance level. ◰◲ General info : ▣ Name: New Frontier Presents ▣ Rank: None ▣...
NFP/USDT Daily Chart. Are you Bullish? It's time to make a decision. ................................................................................................................ We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature. and are therefore are unqualified to give...
Preferred direction: SELL Comment: We also consider possible sales by pound. Here previous long-positions are completely closed. Before the NFP , we have two main scenarios, similar in nature to the movement as in the EURUSD situation before the NFP . The main idea in both cases is to update the maximum at the level of 1.28000 , and then fall towards the...
Preferred direction: SELL Comment: The long scenario worked out quite quickly, and now before the NFP , most likely you need to count on selling. The market quite sharply rushed into sales due to which it was possible to recover to local highs. For NFP , I will highlight two scenarios, the difference between the first and the second is that in the second it...
By checking the TVC:GOLD chart, we can see that on Friday, with the announcement of the NFP statistics, gold started a heavy fall and was able to correct even up to $2028! After that, it was again accompanied by demand and started to grow, which was as expected because we had observed the important range of $2032 for possible demand! Gold finally managed to grow...
The Australian dollar is slightly lower on Monday, after sliding 0.90% on Friday. In the European session, AUD/USD is trading at 0.6499, down 0.21%. Earlier, AUD/USD traded as low as 0.6486, its lowest level since mid-November. The Reserve Bank of Australia is expected to maintain the benchmark rate at 4.35% at Tuesday's meeting, the first of 2024. The RBA raised...
Considering that after the announcement of the news, there is a high probability of price movements to collect liquidity and Stop Hunts, it is better to consider the important supply and demand ranges for possible BUY and SELL positions! From the important Supply Zones , we can mention $2072 to $2078, and also from the important demand zones , keep an eye on $2032...
#GOLD... well guys market trade in tight range after yesterday move, now we have immediate supporting area is 2050 is market hold it then again bounce expected from here, keep close it dont be lazy here and always use stop loss. please like and share.. good luck trade wisely
OANDA:XAUUSD New upward trend channel being created because of Lower Highs. Two possible paths price following through the trend channel. Normally trend channel retracement path is limited to 50% but recently even the retracements are deep which makes the price touch the upward and downward trend line.
Non-Pay Form | Gold Expected to be drop Hey Traders .. Welcome back ! Todays after 2 hours Big news going to happen We Structured data from past history gold expected to move 50 pips above then probably hit the targets and touched our trend line which were seen in charts we are waiting for break out of support 2051-2050.00 then next point at...
EUR/USD has edged higher in the European session and trading at 1.0890, up 0.18% on the day. The euro had a strong day on Thursday, gaining 0.50%. Inflation continues to fall in the eurozone, although the drop was very modest. CPI eased to 2.8% y/y in January, down from 2.9% in December and in line with the market estimate. Monthly, CPI declined by 0.4% in...
Non farm payroll is today and my projection for GBPUSD is that it will long, but for that to happen, I am projecting a retrace to the 50EMA where it is our area of interest before it buys to 1.27588.
By checking the Euro/Dollar chart, we can see that the price, based on the previous analysis, was able to fall exactly to the desired range and hit the final target! After the price reached the specified demand range on the chart, it increased again and grew to the supply range of 1.0887, which was accompanied by a heavy fall again with Mr. Powell's speech and is...
#GOLD.. well guys market very well hold your upside area 2054 as we discussed in our perveiouys idea, so now below 2054 market immediate support is 2045 keep close it. because if this is buying scnerio then 2045 is the supporting area, stay sharp guys because FUND RATE & FOMC STATEMENT on table in a while. these range need your focus guys, 2045 is your key...
Hey traders, the FX Professor here, addressing the buzz: Why the silence on the dollar? Let's dive into the dollar index's sideways dance, a chart that speaks volumes! Our journey has been stellar, riding the long wave from the year 2020, then nailing the short with the iconic 'I scream, you scream, and Joe Biden short' in October 2022. Currently, we're in a...
NFP/USDT market appears to be showing positive signs for the short-term. The market structure seems to be turning bullish, indicating a potential price increase of approximately 25-50% in the near future. However, it is important to note that this information is not to be construed as financial advice. I encourage you to conduct your own thorough research before...
NFPUSDT technical analysis update. NFPUSDT's price breaks its trend resistance line. Buy zone: Below $0.61 Stop loss: $0.54 Regards Hexa