OXY is on the verge of breaking through a major resistance line which was first touched over a decade ago. As the daily chart repeatedly bumps up against, but not crossing, this key resistance line, multiple factors make OXY a screaming buy.
EURJPY is trading in range bound with 250 PIPS range. some time ranges are the best things to play just buy the support and sell the resistance. as this one is 250 pips range which can deliver fine risk to reward. currently the price is at resistance level and being rejected due to selling pressure. will the pair head back to support area ? what you guys think of...
As We Talked in The Previous Analysis: The USDJPY Reached The Resistance Level (151.908 - 151.318). Currently, This Key Level is Broken, and Becomes a New Support Level ! So, I Predict a Bullish Move 📈. ------------- TARGET: 154.620🎯
GBPAUD is in strong bearish trend. As the market is consistently printing new LLs and LHs. currently the market is retracing a bit after last LL, which is 50% Fib retracement level and local support as well. if the market successfully sustain this selling confluence the next leg lower could go for new LL. What you guys think of this idea?
From technical analysis we can see a huge expansion to the upside after the release of the NFP data . what i would like to see is the candle reaching 105.550 level liquidity void on daily chart to consider a short MY TRADE SELL 105.550 TAKE PROFIT 97.000 SL 106.550 TERMS AND CONDITIONS APPLY USE PROPER RISK MANAGEMENT
Hello Traders ! Previously, The CADCHF Formed a Symmetrical Triangle. Currently, The Price Broke The Resistance Level (0.66700 - 0.66890). This Key Level Becomes a New Support Level. So, I Expect a Bullish Move 📈 ----------- TARGET: 0.67380🎯
GBPUSD is in strong bearish trend. As the market is consistently printing new LLs and LHs. currently the market is retracing a bit after last LL, which is 50% Fib retracement level and local support as well. if the market successfully sustain this selling confluence the next leg lower could go for new LL. What you guys think of this idea?
Gold is showing a classic long-term cup and handle period. Spent about 7 years in the "cup" (long shakeout period from the bubble that had formed after the last financial crisis followed by an eventual rally to previous all-time high). It has spent over 2 years now in the "handle" (period of consolidation giving the appearance that price can't break through the...
📊 Analysis: BTC Testing Resistance: BTC is testing the $71,800 - $73,800 resistance area over the past three days. Potential Rejection: If rejected, it could lead to a market-wide retracement. Support Levels: Key support levels at $65,000, $60,700, $57,000, and $53,000. 🚨 Risk Management: Tight Risk Management: It's crucial to manage risk tightly over the next...
Hello Traders, Below is my Technical Analysis of EURNZD. EURNZD has formed a bearish butterfly pattern with points X: 1.79369, A: 1.7442, B: 1.78702, C: 1.76273, D: 1.80786. The current price is 1.80379. Expectation for a drop to 1.78808 in the coming weeks. Additionally, a bearish divergence is noted on the Awesome Oscillator, indicating weakening bullish...
Hello everyone, let's look at the 1H ETH to USDT chart, as we can see the price is approaching an attempt to break out of the triangle marked in yellow. Let's start by setting goals for the near future that we can include: T1 = $3,452 T2 = $3,576 T3 = $3,665 AND T4 = $3777 Now let's move on to the stop loss in case of further market declines: SL1 = $3,307 SL2 =...
As depicted in the chart, the EURGBP pair is within a long-term bearish channel and is nearing its upper boundary, where it may face downward pressure. Additionally, the price is currently trading at a significant resistance level that it failed to breach in its last attempt, suggesting a potential failure to break through again this time. If you've found...
Supply Zone: A supply zone occurs when the supply of a cryptocurrency exceeds the demand. In this area, there is excess supply, leading to a falling price. On a price chart, a supply zone is associated with a downtrend. Traders often place sell orders in supply zones, expecting prices to decline further. Imp : forming doji candles in weekly chart Interpreting Doji...
Unlock the power of predictive analysis for TON Coin with our innovative approach using the TREX Price Action Method. TradingView introduces a cutting-edge strategy to anticipate future support and resistance levels for TON Coin, leveraging the intricacies of price steps to forecast market movements with greater accuracy. What sets our method apart is its...
🔍COMP is currently in a consolidation phase on the 4-hour timeframe, forming a sideways trading range. Considering the upward trend behind it, if the long trigger is activated, it would be favorable to open long positions with increased confidence. 📉For short positions, our risk trigger is at 85.37. Given the bullish nature of the market, I do not recommend...
🔍In the 4-hour timeframe, GMX exhibits a clear ascending trendline providing consistent support, yet to be breached. It once faked out the trendline, followed by higher lows, demonstrating resilience and breaking the resistance at 59.2 with conviction. 📈Following the break, two significant red candles with substantial volume are observed, serving as potential...
SQ is testing this downward resistance it's been stuck under since about May 2022. This is the fifth attempt at a breakout, so you have to wonder if it's finally time. Creating a bit of a cup and handle on the daily chart, and now comfortably above the 200 EMA. A high volume break or a red to green open should send this above resistance. Initial targets $90 and $100
Today's focus: XRP Pattern – Resistance Test Support – .5778 Resistance – .7265, .8200 Hi, traders; thanks for tuning in for today's update. Today, we are looking at XRP daily. So far today, we are seeing weaker prices after XRP surged back above 70 cents. Buyers once again look to be stalling at key resistance, which has been in place since July 2023. Will...