Here we can clearly see higher lows and higher highs forming, creating this ascending structure marked by the white trendlines.
Key levels have been marked, including the bottom and top of current structure.
We have seen some strong bullish pressure of recent times on this pair.
Where will price head next? Drop your predictions in the comments!
Here we have the Gold chart.
You can see this ascending channel is continuing to hold. However, bears are currently keeping a lid on price and we have moved into a ranging market on the lower timeframes.
Are we due a small pullback before another push to the upside?
Any questions? Drop me a message!
We are currently testing 1.42 yet again on this pair.
A potential long term double top formation has occurred. Will this, coinciding with the 1.42 whole level be enough to turn the tide on this pair and put USD bulls back on top?
Always zoom out to the HTF and mark key long term levels - then scale down!
Here we have very simple structure for GJ.
Key levels drawn. A channel has been identified. We are in a clear uptrend in this market.
However, we are expecting a JPY reversal in the near future, so we can look for technical indications about when this reversal may occur, then see if the fundamentals are also pointing in the same direction.
I'm sure we all know about the BTC sell off that is currently ongoing. Firstly, don't stress! There is so much weight behind crypto with big corporations now involved.
Here are potential areas you can get back into the market. We are currently testing 40k right now. If we slip through this level keep an eye on 30k as a potential buy zone!
If we see a rejection...
In times of economic strife investors flock to gold as a safe haven asset.
We are seeing Gold trading inside this ascending channel, breaking above key levels in price.
A forecast has been identified for the short term.
Where do you sit on gold?
Check this setup out.
We've seen 1.40 respected both as resistance and now support.
A key level in price coinciding with a key psychological whole level can act as a strong turning point in the markets.
Dollar has held firmer this week, but GBP has been strong throughout.
We have seen price break our descending trendline. Could this be a sign that things are starting to turn for the USD?
Have a great trading day, remember - Jobless Claims data release is out today and every Thursday.
Approaching a major level of previous respected support.
Price action showing an Equal measured ABCD move at that level.
9250 psych number as well.
A larger ABCD equal measured move from the major high.
Also a 1.618 extension on the Fibs.
All the stars aligning.
Nice opportunity for structure-based traders.
Will update entry zone if/when we test that level....
This is a simple structure level situation. It's at what seems to be a resistance area. There are no predictions here.
It's this simple: if you can't lose stay out.
Disclaimer: This is not advice or encouragement to trade securities or any asset class. This is not investment advice. Chart positions shown are not suggestions and not intended to assure you of...
We have seen a break of structure on the 4HR. Is this the first indication of a trend change?
Lets see how price moves over the next few days. Could we see further downside?
Also note how psychological whole levels have acted as support and resistance in this structure.
Have a great trading day!
CJ has been very bullish recently.
We've been in a risk off environment, USD and JPY hit with a poor economic and fundamental outlook. Traders are flocking to the CHF as an alternative safe haven.
Price is currently residing at the 121 whole level. We have seen some initial rejection with sell orders being triggered.
Will we see a turn in price this week or...
DOT/USDT - 4HR Chart
Two key levels have been identified. We're looking very bullish on this coin.
We have made a price forecast in line with the technicals. Lets see how it pans out!
Crypto is a very volatile asset class. Only risk money you can afford to lose.