As you can see, the price reacted bullishly after collecting the liquidity, created the inversion FVG, and shifted the market structure. Now I see the price can draw to the buy-side liquidity, here we have two bullish scenarios: 1- The price may go higher from here and create the bullish FVG, respect them, and grab all buy-side liquidity. 2- There is a clear...
After touching the target of the previous analysis, it is moving in an upward channel at time h8, it seems to be pulling back to the broken structure. If the 18.75 range is not broken and we see a return candle, it will have the ability to break the current supply area for the 21.85 and 23.44 targets. Otherwise, it will correct up to the specified demand range. ...
Yesterday, OANDA:XAUUSD was relatively quiet, fluctuating within the familiar range of 2020-2030. At the time of writing, the price is hovering near a support level, prompting my earlier decision to close my buy trade with minimal losses. However, the crucial question remains: What should we expect next from the price of Gold? In the short term, a glance at...
After breaking above the 45k resistance, BITSTAMP:BTCUSD soared, reaching a high of 53k. If we calculate the recent leg up started after the ETF's release, the rise is around 30% in just a month or so, which is significant, even for BTC. Technically, the trend is still strongly upward, and as we can see from the chart, after reaching 50k for the first time in...
Audusd long from resistance break What do you think ? Tp1 # 0.66180 Tp2 # 0.66880
In my post from yesterday, I mentioned the possibility of a correction in the price of $OANDA:XAUUSD. However, this correction should be viewed as a favorable opportunity to buy at more advantageous prices. As anticipated, this correction did occur, and as depicted in the chart provided, once the price briefly dipped below the local support, it reversed...
Since mid-August of last year, FX:EURAUD has been consistently forming lower highs on our chart, negating a bullish trend that spanned over a year, a trend which was negated back in December. This year, the pair has entered into a distribution phase, with a high likelihood of establishing a new lower high. Over the past month and a half, bears have sold every...
After reaching a high around the 1.85 zone, FX:EURNZD initiated a correction that eventually settled near the 1.75 zone. Throughout the end of October and all of November last year, the pair formed a lower high around the 1.82 zone. Subsequently, following the formation of a double top pattern, the pair breached below the neckline and the rising long-term trend...
February has been marked by two significant breaks for FX:AUDUSD : one below the 0.6525 technical support and another below the psychological barrier of 0.65. With the pair now trading back above both levels, there is a strong likelihood that these breaks were false. As typically observed with false breaks, a robust reversal in the opposite direction may...
In a previous analysis of OANDA:NZDUSD , I mentioned that as long as the 0.6 zone remains intact, the decline from the recent high could not be categorized as more than a mere correction. Since then, the pair has consolidated but has remained resiliently above the mentioned level. Last week brought about a new reversal from the support level, and as of the...
Two days ago, in a short-term analysis of FX:EURUSD , I mentioned that the 1.0790-1.0800 zone is pivotal for a potential reversal in the currency pair. The pair did break above that level and is currently consolidating above it. Now, I find myself wondering whether this marks a reversal in the medium-term trend or simply a correction from the year's...
As outlined in yesterday's analysis, as long as the 2015 zone remains intact, the bullish outlook prevails in OANDA:XAUUSD , and we can anticipate a rise above Friday's high. Indeed, this scenario unfolded, and the price managed to climb to the 2030 zone. However, following an initial correction during yesterday's trading session, Gold failed to surpass the...
After reaching a peak above $2700 and experiencing a typical correction, BITSTAMP:ETHUSD performed well technically. It remained above the support levels between $2150-2200 and yesterday, it finally broke through the $2400 resistance. The current outlook for EthUsd is strongly bullish. As long as the price stays above the $2400 zone, we can anticipate a...
A few weeks ago, I mentioned the possibility of BINANCE:SOLUSDT retracing to the 80 zone support level once more. However, Solana surged upward and triggering my stop loss in the process. Despite this turn of events, my perspective on the market remains unchanged, and I still anticipate a return to the 80 level. From a technical standpoint, the recent up move...
As you are aware, I've held a bullish outlook on FX:USDJPY and anticipated a rise from the 145.50-146 zone. My target of 150 has not only been met but surpassed. However, after peaking for the year at 150.87, the pair initiated a minor correction and started to consolidate. While we lack confirmation for a reversal at the moment, there are indications...
Since the beginning of the year, FX:EURUSD has been in a downtrend, with the single currency dropping more than 400 pips in the past two months. However, after a false break below the horizontal support last week, the pair quickly reversed course and is now once again approaching the important 1.08 zone resistance. Taking into account the false break and...
Most traders seen on gold chat have purchased yesterday's lows and promised to hold till end of week, after seeing such a "large drop" in a single day, they believe this is the best course of action. From my perspective price will trade below yesterday's low and then up to the projected target. #XAUUSD
In my comment from yesterday, I emphasized the significance of the 2010-2015 zone as a crucial support level. As long as this level remains intact, the bulls maintain control of the market sentiment and price direction. Despite experiencing a trading session characterized by low liquidity due to a bank holiday, the price exhibited a perfect reversal from this...