Near the peak of a mid-term bullish channel, we're slightly overbought, suggesting a mild correction or a couple of days of consolidation for the pair. Keep an eye on unemployment news, as possible change of direction in the market
CHFJPY is moving above the ascending channel and trend lines. Volatility has decreased. The chart tentatively broke the channel and reached the resistance level. We expect a pullback. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
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Examining the broader crypto market, it's evident that we've hit the Wave 4 target zone on the Total Market Cap chart, reacting perfectly—a precise landing in this case. This suggests that, looking at the entire market as a unified entity, we should form new local highs and surpass Wave 3. When we look at other indicators, like the Ethereum to Bitcoin chart, we...
After 10 years, Vodafone seems to have reach the bottom. Long consolidation periods (yellow), and 2 downward channels led us to a rock bottom of 63GBP. The last downward channel appears now to be broken with immediate resistance at 103 GBP. Positive outlook as long term investment.
As drawn in the chart, expects 966- 974 to be the resistance zone and thus a good short candidate in terms of risk-reward.
Hello there, Fundamentals: Robinhood, a multi-asset trading platform, has announced new features for its crypto services, specifically for European customers. The new features include: 1. Crypto-staking product: European customers can now stake their Solana (SOLUSD) holdings and earn rewards with the flexibility to unstake at any time. 2. Localized app...
On the daily timeframe, the price has formed a sideways movement and reached the mandatory target of the seller's vector 7-8. The next relevant buyer's vector 8-9 has a potential target of $634. The price is currently in the middle of the sideways range on the daily timeframe. On the hourly timeframe, the price has also formed a sideways movement. The short...
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I see a strong bullish trend in GBPCAD, with a large inverted head and shoulders pattern formed on the 4-hour chart. After breaking and closing below the neckline, it has now turned into a strong resistance, confirming the continuation of the bullish trend. The next target is the immediate resistance level at 1.7330.
Hello traders, we want to check the XAUUSD chart. The price has broken the descending channel upwards and pulled back to the indicated support level. We expect the price to maintain its upward trend and grow up to around 2398. Good luck.
Hello traders, we want to check the USDCHF chart. The price has broken the ascending channel and pulled back to the specified resistance level. We expect this level to maintain the downward trend of the price and the price will fall to around 0.89800. Good luck.
The EUR/CHF currency pair is currently exhibiting a Bearish Bat Harmonic Pattern (XABCD) on the 4-hour chart. Point D, identified as the Potential Reversal Zone (PRZ), aligns with a critical Key Resistance area and intersects with a significant 4-hour Trend Line. This confluence of factors strengthens our bearish bias and suggests a potential bullish trend...
A little patience. I'll wait if it reaches 50500 - 53000.
SOL is breaking out of base after 16 April. Looks like it will continue it's uptrend.
By seeing the confirmation in the lower time frame, the value of opening this trade will increase.
In the short video I show the price action from a session on the DOW JONES and the key price action that I see important for my daytrading. This is a process I do each day to improve my trading and it helps to solidify in my mind what I want to see in the setups. You will have to pause the video to read the notes but please enjoy. ANY QUESTIONS, JUST LEAVE IN...
The AUDUSD pair is currently forming a Bearish Butterfly Harmonic Pattern (XABCD), a classical harmonic formation that signals potential trend reversals. The critical Point D, known as the Potential Reversal Zone (PRZ), is where the pattern completes, indicating a high probability of a bearish reversal. Confluence Factors: Key Resistance Area: Point D aligns...