In light of the latest news, the dollar is strengthening.
Thus, the currency pair falls in price.
I have drawn strong support lines, in the area of which the price is at the moment.
We have broken through two intersecting levels,
I expect a rollback to them and further downward movement to a strong support of 1.176. Also, if you look closely, something similar...
The distributive movement on the instrument may end soon, as the price has already come close to testing the strong support of the price channel.
At least I expect to stop at the intersection of strong levels in the zone - 1.1915.
Since the trend is upward and there was no breaking of the global picture,
I expect either a rebound from 1.1915 or a false breakout...
The strong distribution changed the local trend from an upward to a downward one, but globally the picture is not broken.
The instrument is testing the lower border of the price channel .
Now pay attention to the place where the price came.
Crossing of three support lines, one of which is a strong level, which was confirmed a large number of times - 1802.
I...
Entry details are shown on the chart.
We're only looking for TP3.
Trade history can be seen below this trade idea too for full transparency.
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I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily.
Jumping on random trade ideas 'willy-nilly'...
Good morning, Alkalites! As promised, today we will start our Altcoin portfolio!
⚠️ How are we going to do it?
This will be our Alkaline Free Crypto Portfolio. This portfolio will be held for the long term, so you must manage your capital to deal with potential dips in the crypto market. We will not provide every entry in one post, as we believe in the power of...
EURUSD is very close to a major resistance cluster.
1.2185 - 1.2245 is a historic supply zone .
Chances will be high to see a pullback from that zone.
To catch it wisely, pay close attention to a rising wedge pattern.
As a confirmation, we need its bearish breakout - a daily candle close below its support.
Then chances...
Everything is in plotted in the chart but, where should be our entry will decide by lower timeFrame chart.
WAIT and LET ME UPDATE very soon lower time chart for exact entry level.
The price continues to form a rounding off the resistance level as the beginning of a correction movement.
This formation indicates a large number of limit orders in this area.
The picture from the previous forecast does not change,
I expect the instrument to fall to the lower border of the channel.
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Share your opinion in the comments and...
Gold , after a false breakdown of support at 1855, has corrected and is consolidating above the level.
The trend is upward, I expect the price of the metal to rise at least to the lower border of the price channel .
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Thank you for your support!
Yesterday gold made a false breakout along the strong support trend.
There has not been a break in the trend yet.
I expect the instrument to rise to the resistance of 1874. and a further continuation of the movement to the channel border.
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Share your opinion in the comments and support the idea with likes.
Thank you for your support!
EURUSD finally broke and closed below a support line of a rising wedge pattern on a daily.
The breakout is confirmed now and after two weeks of consolidation, we finally can confirm that the market is bearish .
Now I expect a decline to 1.207/1.20 levels.
Consider the underlined red zone as your selling area.
❤️ Please,...
Entry details are shown on the chart.
We're only looking for TP3.
This trade has already gone close but we stick to the plan.
Lets see how the rest of this trade plays out.
Trade history can be seen below this trade idea too for full transparency.
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I try and share as many ideas as I can as and when I have time. My...
Good afternoon, Alkalites! Bitcoin seems to be recovering again, forming a technical "W" pattern. Remember that we rarely believe in technical analysis, but the less institutional money is on the table, the more reliable the technicals are.
The fear and greed index is currently at the fear level, but the spread of FUD seems to have already stopped.
Bitcoin is...
Hey traders,
This Friday was very bearish for EURUSD .
We see a high momentum bearish candle on a daily time frame and -0.9% net decline.
Ahead is a strong daily structure support .
Depending on the reaction of the market to that structure,
we have two completely opposite plans to trade.
In case of a reversal formation...
Holding and bouncing off the "line in the sand"
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