Hello all dear traders. Nice to meet you again to discuss the SOLUSDT trading strategy today! SOLUSDT continues to form a corrective trend. Prices broke above the psychological support level of 190.00 and have now leveled off after the previous strong sell-off. It is currently steady at the 184.63 mark, since the breakout and correcting accordingly, marking a...
Hello dear friends! Overall, BTCUSD experienced a significant downturn, plummeting below the $68,000 mark. The outlook now, points to further declines as it has broken out of the recent consolidation period. In the short term, according to the H4 setup, the cryptocurrency market may recover to retest the breakout point, however the recession scenario is not over...
Hello dear friends, let's explore USDJPY after a series of strong price increases! On impact news: the US Dollar (USD), so far, is struggling to gain any meaningful traction amid bets that the Federal Reserve (Fed) will begin interest rate cut cycle in June, supported by US Personal Consumption Expenditures (PCE). Index on Friday. This could further contribute...
Trade setup : Price remains in an Uptrend. It got rejected at $2.50 resistance and is consolidating in a Falling Wedge pattern. We wait for a breakout. In case of a bullish breakout in the direction of existing Uptrend, price could revisit $2.50. Also, notice that price is approaching a robust support zone around $1.55 and 200-day moving average. Pattern : ...
Hello dear friends, let's explore the price of XAUUSD after the significant fluctuations yesterday! Regarding the developments and news outcomes: Gold is currently trading at $2,253 per ounce, with a 0.09% increase for the day. Overall, the volume is still decreasing. The upward trend has paused after a strong surge. Looking ahead: Many central banks have...
Afternoon Traders, Here's what I am currently keeping my eye on at the moment. We are in this ascending megaphone pattern. This is typically a bearish pattern longer-term. The problem is that we don't know how much longer the pattern will hold before we, most likely, drop out of the bottom side. It could be weeks. It could be months. It could hold for a year. But...
Here is my latest structure analysis and important key levels to watch on WTI Crude Oil. Resistance 1: 85.20 - 85.85 area Resistance 2: 89.10 - 89.90 area Resistance 3: 93.75 - 95.00 area Support 1: 82.50 - 83.10 area Support 2: 80.00 - 80.60 area Support 3: 76.80 - 77.80 area Support 4: 75.50 - 76.20 area Consider these structures for pullback/breakout...
Let's delve into analyzing this currency pair for trading in futures in the forex market. 📉📊 In the daily timeframe, we're within a long-term box, and currently, we've lifted off from the box's floor, even surpassing the midline, heading towards the box's ceiling. 🏗️💹 On the 4-hour timeframe, we're also witnessing an upward trend, reaching the resistance at...
The AUDNZD chart currently shows the formation of a XABCD Harmonic Shark Bearish Pattern, indicating a Potential Reversal Zone (PRZ). Additionally, there is a hidden bearish divergence, suggesting that the current uptrend is likely to reverse into a downtrend. Furthermore, on the daily chart, the price has just touched a strong daily resistance zone, which...
Exxon Mobil with ticker XOM is back in the uptrend after a completed (A)-(B)-(C) irregular flat correction for wave 4. It's in strong rally away from projected support for wave 4, so wave 5 can be now in progress, which should be completed by a five-wave cycle of the lower degree. It can easily send the price towards all-time highs, just be aware of subwave (4)...
EURCHF is trading in a strong bullish trend on a daily. After the pair set a new higher high, it retraced to a solid rising trend line. Analyzing the reaction of the price to that, I spotted a double bottom pattern on a 4H time frame. With the release of CHF/EU fundamentals this morning, the pair successfully violated its neckline. We can expect a bullish...
OP is continuing to go down 🔵Entry Zone 3.386 - 3.295 🔴SL 3.6772 🟢TP1 3.0923 🟢TP2 2.7968 🟢TP3 2.4722 Risk Warning Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. If you liked our ideas, please support us with your...
LDO has broken below the support zone, it will continue to go lower 🔵Entry Zone 2.755 - 2.679 🔴SL 2.9709 🟢TP1 2.4522 🟢TP2 2.1710 🟢TP3 1.9937 Risk Warning Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. If you liked...
XVS after the pullback will go lower 🔵Entry Zone 16.74 - 16.35 🔴SL 17.528 🟢TP1 14.610 🟢TP2 12.564 Risk Warning Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. If you liked our ideas, please support us with your likes...
Strategic outlook on SOLUSDT: Today, SOLUSDT is currently consolidating around the range at high levels. currently at $196.92, marking a drop of nearly 2.68 on the day. Currently, any upside or downside breakout of SOL brings strong volatility. According to statistics, the strongest fluctuations occur after a false breakout. In general, at this time the market...
BTCUSD is consolidating above the 68,500 level but at the same time the triple top pattern has completed. Theoretically, the price will break the support level, which will constitute a false breakout. According to statistics, the strongest fluctuations occur after a false breakout. A breakout and consolidation below $68,500 could cause a sharp decline to the...
Hello dear friends, let's explore the GBO price after yesterday's major fluctuations! Regarding the developments and outcomes of the news: The GBP/USD pair maintained a positive increase near 1.2628, ending a two-day downward trend on Monday. The modest recovery of the major currency pair was supported by mild comments from Federal Reserve Chairman Jerome Powell....
Hey Traders, in today's trading session we are monitoring AUDCAD for a selling opportunity around 0.88300 zone, AUDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.88300 support and resistance area. Trade safe, Joe.