In my post from yesterday regarding OANDA:XAUUSD , I mentioned that while a correction is possible, it should be viewed as a buying opportunity to align with the overall bullish trend.
Indeed, after a brief consolidation and a test above 2260, Gold experienced a rapid drop to the 2230 zone.
However, it quickly reversed course and closed the day with a new all...
Since the beginning of December last year, FX:GBPUSD pair has been trading within a range bounded by 1.25 and 1.28.
In early March, the pair experienced a break above the upper range boundary. However, this break ultimately turned out to be false.
After returning to the familiar range, the pair formed a significant bearish engulfing pattern on March 21st....
With March ending on a new all-time high at 2233, the first day of April brought about another surge of 300 pips, leading to the question: is it time to sell?
To be honest, there's no easy answer to this question.
Since last Monday, OANDA:XAUUSD has indeed risen by more than 1,000 pips, and a correction could occur at any time.
The main issue lies in...
In my analysis of BITSTAMP:BTCUSD yesterday, I mentioned my expectation for a new all-time high from Bitcoin in the near future.
However, during yesterday's trading session, the price once again failed to surpass the 72k mark, raising some doubts about my outlook.
Firstly, after breaking above the 68k zone and retesting it, I anticipated a new local high....
If you haven`t bought the dip on PAYX:
Then analyzing the options chain and the chart patterns of PAYX Paychex prior to the earnings report this week,
I would consider purchasing the 125usd strike price Calls with
an expiration date of 2024-4-19,
for a premium of approximately $2.72.
If these options prove to be profitable prior to the earnings release, I would...
In the daily and weekly time, after an upward cycle in the supply area, a complex mixed correction has been corrected to the 0.38 Fibo range of the previous wave, after which it faced demand.
🔰In the lower time, it went through a full cycle up to the green box area, which again grew up to the current area after a correction.
🔰If this wave is extended and breaks...
I've written many posts and made videos expressing my belief that XauUsd will reach a new all-time high (ATH) this year.
Now, the question is, will it start with all-time highs this month?
In my opinion, it will.
But let's begin with why I'm quite certain that Gold will reach an ATH this year. It's relatively straightforward when you examine the monthly chart....
Analyzing the options chain and the chart patterns of KSS Kohl's Corporation prior to the earnings report this week,
I would consider purchasing the 27.50usd strike price Calls with
an expiration date of 2024-10-18,
for a premium of approximately $3.90.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
If you haven`t sold the top on RH, for that fantastic 12.75X gain in the options chain:
nor bought the dip here:
Then analyzing the options chain and the chart patterns of RH prior to the earnings report this week,
I would consider purchasing the 310usd strike price in the money Puts with
an expiration date of 2024-3-28,
for a premium of approximately...
Yesterday, OANDA:XAUUSD tested 2.2k once more and is rolling back down.
As explained, the trend remains bullish and we could expect a rise above this important level.
However, although 2150 is the key level for the bullish trend, at this moment, we should watch closely the 2180 short-term trend line.
My strategy remains to buy dips as long as the 2180 zone is intact.
In my Monday analysis, I emphasized that as long as the price of OANDA:XAUUSD remains above 2150, its bullish momentum persists, potentially leading to another test of 2.2k.
True to this forecast, the price adhered to the pattern, briefly dipping during Monday's session, only to retest the 2.2k mark again yesterday.
Currently, the price stands at 2190,...
Hello Traders, here is the full analysis.
The completed correction, recovery and formation, continuation of growth. GOOD LUCK! Great BUY opportunity GBPCAD
I still did my best and this is the most likely count for me at the moment.
Support the idea with like and follow my profile TO SEE MORE.
Traders, if you liked this idea or if you have your own opinion about...
This week the price of OANDA:XAUUSD made ATH and went down, as I predicted in my last weekly forecast . Clearly, gold prices are under downward pressure. The strength of the CAPITALCOM:DXY often moves in the opposite direction to gold, making it less attractive when the dollar is strong. The recent false breakout of the resistance zone in gold price action,...
In the daily time, after the failure of the dynamic trigger and the support in the green box range, it has already tried to break the neckline several times, which it has not succeeded in breaking so far. But according to the structure that created higher floors and pits facing up, a triangle corner pattern was also formed. If the fake break occurs from the bottom...
In my previous post on FX:EURUSD , I mentioned that the pair likely peaked in the 1.1 zone, and rallies above 1.09 should be sold.
As anticipated, the pair declined following another attempt to rise above 1.09, and it is currently trading at 1.0818.
I maintain my belief that further downside is probable, with 1.07 remaining my target. Therefore, my strategy...
Analyzing the options chain and the chart patterns of SOL Emeren Group prior to the earnings report this week,
I would consider purchasing the 5usd strike price Puts with
an expiration date of 2024-7-19,
for a premium of approximately $3.30.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Analyzing the options chain and the chart patterns of CSIQ Canadian Solar prior to the earnings report this week,
I would consider purchasing the 19usd strike price Calls with
an expiration date of 2024-4-19,
for a premium of approximately $1.05.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Analyzing the options chain and the chart patterns of TME Tencent Music Entertainment Group prior to the earnings report this week,
I would consider purchasing the 11usd strike price Calls with
an expiration date of 2024-4-19,
for a premium of approximately $0.43.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
