We're looking for a $2 move after the rejection price of gold has been breached at 1956.91. Resistance is holding up strong as price pivoted from that area at 05/19/23. There is a lot of news for the Euro today coming out that is driving the price down with the mixed volume of London session we see a possibility of price having enough volume/momentum to cause...
Looking here we can clearly see us reaching the top of the decending channel on the daily. Also looks to have a strong bounce of resistance on the hourly channel. May have a possible short position on our hands here. Naturally this isnt for the faint hearted with BTC on a nice pump at the moment. Not financial advise, so its not.
• First, the bank run APPEARS to have stabilized • Second, the inflation SEEMS to be taming Do not be complacent, keep on keeping track of the coming market developments. Just like what Jerome Powell said on the 3rd May after the latest interest rate hike, in the meeting conference, he said “We will take a data-dependent approach, our future policy will depend...
I have broken it into 2 parts. Part 1 – we can associate it with the sequence then. Part 2 – we can take reference as the situation unfolds. Part 1 - 1929 sequence that seems familiar today: a) Crisis triggered by several factors b) Stocks rose rapidly c) Chain reaction of events d) Bank had invested heavily e) Bank failed Part 2 - As it continued in...
XAUUSD opened high at 1979 per ounce and lower as 1970 per ounce, 50% recovery and declined on resistance predicting the metal to drop to 1967 per ounce in the next hours before US Market opens. Keep an eye
Truedge traders believe that price action is the best approach to trading because it allows them to interpret market movements and make decisions based on the raw price data. Indicators can add unnecessary complexity to the trading and may even produce misleading signals. OANDA:UK100GBP
Hi guys, In this chart i Found a Supply Zone in SBI for Shorting, Observed these Levels based on price action and Demand & Supply. Don't Take any trades based on this Picture ...because this chart is for educational purpose only not for Buy or Sell Recommendation.. Thank Q
After the HEAD AND SHOULDER , we can see that we are in a clear downtrend, but if the btc respect the support lines, we are facing for now the 19k support. If 19k support breaks we are going to our last support which is 13-14k. That's our major support through the timeline. But guys drops can make you money also! We can short after a clear break of 19k !
Using past history, should see opening candle of trade or next candle dip into SL area, so no worries if it does, as it has be pre-determined. Then following previous patterns, should drop down after failing to break resistance.
NSE:EXIDEIND The video is self-explanatory. Looking good for a 12% shorting position with a risk of 4-5%. Manage your risk properly. If you have any questions or suggestions, please leave a comment below. I will personally reply to every single comment! If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe...
Check out the support and resistance of Ichimoku cloud on 1h chart - this is why this indicator is really powerful to have on the chart. Priority right now is downside, unless we manage to break through the cloud and trade above. Be ready for potential fake out upside. I'm not in any trades on BTC at the moment - it seems to risky. But I did sell a big chunk on...
lets have a look at how oil goes, so im gonna go ahead with 2 positions, one in EURCAD and one in USDCAD no super confident on EURCAD, as EUR has been also weak, but analysis tells that this can see another push up.
I have been a big fan of MKR USDT this year. The coin has had a pretty impressive run from $2500 up to $6300 as of recent. This last upsurge has lasted several days without any significant retest of key resistance / support levels. I am short term shorting MKR. Target prices are levels indicated with orange dashed line. Shorting hopefully down to the $5555 level...
Slightly bearish short term patterns are forming on Bitcoin. We are shorting it to the $52,300 levels.
PDD formed a head and shoulder patter in the past few months. it broke the neck line ($133.88) on 24/3/2021. Today just retested the same neck line but failed to break out. Right now would be a good point for short position. Target price is at $60.8 but pay attention to the red line. It could be act as support.
Here we see that USDCAD retraced to the 0.618 Fibonacci level and is respecting the recent support zone to the left. We can see that this market is trending downwards (creating lower highs and lower lows). If it continues to show bearish price action I'll be looking for shorting opportunities on lower timeframes. Stay tuned for further updates!
28 September 2020 Fresh Potential Supply Level If Price Pulls Back. S&P 500 1 Hour Chart OANDA:SPX500USD
Original Post on 11 September 2020. EURUSD Update 28 September 2020 The Open High Low Close Bar below the Ascending Trend-line. This is the Bar We were Waiting for. Which happened on 22 September 2020 Look for Shorting Opportunities on the Smaller Time Frame. Target Area. Around 1.1301, which is the Weekly Area of Demand OANDA:EURUSD