this analysis helps you to take more clear decision about your trades. still we are in consolidation trend and any break can be described as fake break out, so take supply and demand zones valid and trade carefully.
Instrument : GOLD Possible direction : Bullish Technical Analysis : Price has opened with a large gap and formed a shooting start int he direction of the major trend. Price already grabbed liquidity from the gap and my continue to rise as the major trend is up. Possible trade recommendation : Bearish as per chart sketch Press like button if you enjoy. Risk...
There is a clear imbalance between volume and price and as much ad price goes higher in trend the volume drops. this imbalance can create sharp movement in both direction.
For sol we have a flat channel, price sill struggling to break above midline of channel. there is overlap between channel midline and volume profile and POC line of volume fixed profile.
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In this analysis price made a double bottom before impulse On the dollar index price reverse up and now what we want to see the dollar price do is we need to see a continuation correction pattern to continue the trend. Note we are at the impulsive phase of the price we need more correction development to ride the trend. I'm gonna share my Outlook on XXXUSD pairs...
This is how i'm currently viewing EURGBP pair, What's your thought on this pair?
The S&P 500 index is currently in a bullish trend, forming higher highs and higher lows. However, it recently created a series of equal highs, followed by a lower low. If the index breaks below the recent low, it could be an indication that the trend is turning bearish. On the other hand, if it breaks above the equal highs, the bullish trend is likely to continue....
HI all I was aiming for a 50% retracement between the high (151.946) and the low (127.220) The USDJPY is currently slightly bullish following a breakout from the consolidation area. which has a highest price of 132.908 and a lowest price of 130.570 My trading strategy isn't intended to be used as a signal service. It's a process of gaining knowledge of market...
Hello traders! Gold is still buliish and we go with the flow. The trend is our friend
BINANCE:BTCUSDT hi its the next possible move for BTCUSDT spot pair its structure based analysis primarily to trade pull backs stay tuned for more pairs
USOIL is expected to test the support area before continuing to bear down or make a rise.
As far as market structure concerns we have 1H timeframe bearish impulsive move which broke the low and as a result formed a Lower low. since then price is in bullish corrective move which by the way shows price non-intention of going higher (otherwise it would be as an impulsive move) Now price is at 4H timeframe Clean Break area which provides important...
look where price is one more time at an area where rejected clearly twice before plus it's a structural point too ( it use to be support but changed to resistance ) if you look at the left side of the chart. this cluster of resistance add to the importance of the area. But the thing is matter most is not to rush into a trade as we have CPI news today and depends...
As we discussed before in #JPYBASKET analysis ( you can see it in related ideas ) we believe JPY is aiming for higher prices due to technical and fundamental analysis, and in order to take advantage of this move we can sell other currencies against JPY. Price currently in EURJPY pair is moving down and has formed bearish channel in 4H timeframe which can be...
Since JPY index shown potential upside move and already break above a bearish Daily channel as well as forming a reverse Head & Shoulder formation it gave us the idea of to be looking for a shorting opportunity on different JPY pairs like CHFJPY. If JPY index keep going up to reach its one to one Head & Shoulder target projection then we can expect any upside...
Price clear bearish structure in 1H timeframe, price shows reaction to structural point ( previously acting as a support but now its acting as a resistance area ). Now for a short position we need price to comes up one more time and reject from the area and forming a kind of toping formation like double top which is possible in lower timeframe to be able to...
Price has formed a V-TOP chart pattern formation as you can see in 4H timeframe and also managed to close below 4H low which means that our structure now turned to bearish again. due to V-TOP formation price formed a bearish engulfing candle in Daily timeframe which is a strong signal for bearish move and also as we can see we are in overall in bearish move so we...