Let's delve into the GBP/CAD currency pair as we approach the end of the night. 🌙 On the four-hour timeframe, after a robust uptrend and a test of the daily resistance line at 1.73398, we experienced a rejection, signaling a corrective phase. 📉 Moreover, within this timeframe, we observe a four-hour trend that broke down after the correction. Upon the activation...
Hello traders, taking a technical look on the precious metal that has of recent days seen some very strong push higher making an all time high at around 2195.235 . After price made the above high we note price has been making a sequence of lower highs while holding the low at 2153.765 . The above has in turn formed a bearish triangle that could see price fall...
Looking for a scalp short on USDJPY on market open, hit the top of the channel with a rising wedge on bearish divergence should get to the bottom of the channel but will just take profit at resistance. GL
On a larger timeframe WTC is in a rising channel, it is at the top of this channel with a rising wedge on bearish divergence on a smaller timeframe. Looking for a retest of support for a entry and a move down to resistance for take profit. GL
Possible bearish continuation of the pair with the target of hitting the low made 29/02/2024. If the price breaks and closes below the current low this could be a good low to look for rejections on retest for continuations lower. Key Levels to note: 1. High made on 27/02/2023 2. Low made on 29/02/2024 3. Break below the above will be looking at the low made on...
NYSE:TGT looks to fill the gap it created after earnings. This play is simple and if TGT closes below $165 today we can look to enter short and run it into the shaded area. Trade safe
Amd recently broke out when it cleared prior resistance at roughly $185. it has since shown some weakness and a possible pullback to that $185 area. The 1hr TF shows that we have started to pivot and a break of the $200 whole number was confirmation as well.
Hi, I consider myself a fan of Wyckoff, so the chart above reflects my perspective on the market. In the long run, the Euro will not maintain its superiority over the Dollar. However, we must also take into account the liquidity, as there is a demand for prices to reach certain levels. Let's wait and see how it unfolds!
Here are some guidelines for determining the next steps regarding UPL: Consolidation: UPL has experienced a period of consolidation for over two years, forming a symmetric triangle pattern. Breakdown and Retest: There was a breakdown from the triangle pattern, followed by a retest, which resulted in a continued downward movement until reaching a 52-week...
As per the video I think EURCHF is at a good place with great RR to enter some short positions. For months the trend has been downwards and I'm hoping to catch that trend again down to the next point.
With the recent bearish news on NYSE:BA we can look for a support break at $200 and take it short. Boeing in showing weakness in al technical and fundamental indicators.
Looking at the eBay chart, we believe that Wave (1) and (2) were completed at $4.17, as well as Waves (3), (4) and (5). However, we've had some uncertainties regarding the positioning of Wave (3). Nonetheless, where we've positioned Waves (3) and (4) makes the most sense to us. Regardless, it could still be considered that Wave (5) and the overarching Wave I have...
⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold price (XAU/USD) attracts dip-buying in Asian session, reversing part of previous day's profit-taking slide to $2,150 area. US Treasury bond yields ticked higher after warmer than expected US consumer inflation for February, boosting the US Dollar (USD) and exerting downward pressure on gold....
If the candle (1 day) closes below the last one, I believe it will go down. Hit me up if you agree with me
⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold prices remained relatively unchanged towards the end of the North American session as traders prepared for the release of February's US Consumer Price Index (CPI) data. It is expected that the headline figures will remain unchanged, while core data is anticipated to cool down. This could put...
Based on the chart, Im seeing nothing else but a sell from here. Weekly has a crazy divergence between the price and the RSI. A Top was created in February 2016. Range 19 to 20 rands is a liquidity area. from here if price does not break above 20 rands, then expect more price drops from here. Based on my TA, from November 2023 till 22 January 2024 we were in a...
Hello guys, Here I am again, According to Elliott Wave Theory, CHFJPY appears poised for a downward movement based on the formation of a five-wave impulse pattern, with wave 5 about to start. Furthermore, the emergence of an evening star pattern reinforces the potential for a trend reversal. An evening star is a three-candlestick pattern characterized by a...
I wont lie, this one scares me the most, XAUUSD looks like it might be in some trouble. Im seeing a selloff happening from around this range, looks like we are still in a big correction which will end around the 1600.00 to 1500.00 range. Where all is in confluence i will update you guys on this. This is not me saying sell or what, im just sharing what I'm...