Hey Traders, This is the setup that spot the bearish continuation for those that missed the first trade opportunity on S&P 500. Watch out for the pullback to the supply zone.
Hey traders, The GBPUSD has been trading within a beautiful triangle pattern, and it's on the verge of breaking out. Typically, if this pattern appears in an uptrend with no apparent resistance ahead, it indicates trend continuation to the upside. Now, let's talk about how we can trade this triangle pattern. The aggressive entry is to enter at trendline...
hello traders Over the last 7 days, the price of ETH has been fluctuating between 1916 to $2141. The overall trend of the cryptocurrency was bullish as the price kept moving upward, but there were moments when ETH experienced dips. Looking at The Moving Averages: The moving averages help to smooth out the price action of ETH on the chart. Over a couple of days,...
Welcome traders! Analysis of #EURUSD I've identified a potential sell opportunity on EURUSD. The market has been respecting a strong supply zone, with a decline of over 500 pips previously. Additionally, we have a rising wedge pattern with an RSI divergence, which is usually a bearish signal. To top it off, the pattern completes near the supply zone, which is...
Hey traders, Today, let's talk about AUDCAD. The market is currently moving downwards, and it's near the major weekly structure demand zone. This area is where we may see the market finding support and potentially showing some bullish reaction toward the upside. Adding more weight to our analysis, we have a key market level of 0.8900 that further increases the...
Hello traders, let's discuss the potential buy opportunity in GBPAUD. The market has recently broken through previous resistance and is now stalling just below the major key market level of 1.9800. This suggests that the market may be experiencing a short-term bearish momentum, but a potential buy opportunity may be in the cards. To enter such a setup, we must...
Welcome traders! Today we will be looking at GOLD for a possible sell setup. At the moment, Gold is at a very strong daily resistance level, with the market forming a double top at this level. we are also near a key market resistance of $2000 which has held as a strong level in the past. With these factors in mind, it may be a good time to consider entering a...
Welcome traders! Let's take a look at EURJPY. There's a possible buy opportunity as we have strong trendline support that has been tested multiple times, indicating a possible bullish reaction soon. If the trendline support breaks, we could see a strong move down. so look for confirmation first, like double bottom or bullish candle formation Keep an eye...
Welcome traders! Today we'll be looking at the EURUSD pair and a possible Sell opportunity. We have a bearish harmonic Cypher pattern at the entry, which could provide a good risk-to-reward ratio but not as good as the second place which is at a strong supply zone. Looking at the chart, we can see a bearish Cypher pattern forming on the 4-hour timeframe, with...
Hello Traders! Today, we'll be taking a look at GBPUSD and analyzing whether a possible sell opportunity could be on the horizon. Firstly, we have a strong resistance level located near 1.2400 which has held up well in the past, indicating that it could be a key level for price action to react to. Additionally, there is a possible AB=CD pattern that could...
Hello traders! Today, we'll be looking at the EURUSD pair and a possible sell opportunity. As mentioned, we have a supply zone on the 4-hour chart where the market previously dropped twice, and trades failed to push the market further. Additionally, we have a bearish harmonic Bat pattern completing near the structure supply zone. This confluence of factors...
Welcome, traders! the USDCAD pair is showing signs of a potential bullish bat pattern forming near a strong demand zone at 1.35500. In this analysis, we will take a closer look at the current market conditions, the possible entry points, and the potential risks and rewards of trading this setup. Current Market Conditions The USDCAD pair has been trading in a...
Hello traders, Looking at the chart, we can see a possible double top formation near the extreme market resistance level of around 1.2200. This level has been a strong resistance in the past, with the market getting rejected multiple times before. It's important to keep in mind the recent bank crisis and developments. While it may be over calmer now, it's always...
Welcome traders! The USDJPY has been trending down and is currently going to test a strong support area near 129.00. This important key level is further supported by trendline support, indicating that a bullish bat pattern could be completed soon. The bullish bat pattern provides a great opportunity for traders to enter the market with a buy order. When...
Hey traders, Let's take a look at NZDUSD. There's a simple classic bullish head and shoulder pattern that could break soon, giving us a reason to buy and target the next level of resistance. To enter this setup, we could wait for a breakout above the neckline of the pattern and look for a retest of the breakout level for a possible entry. Keep in mind that...
Hello Traders Looking at the AUDUSD chart, we can see that there is a significant trendline resistance which has now turned into support after the market formed a double bottom and broke the trend line. While some might mistake this for a flag pattern and consider taking the short side, the double-bottom formation suggests otherwise, and we could potentially see...
Hello Traders check the analysis for GBPAUD the GBPAUD is presenting a possible sell opportunity as we are currently observing a beautiful bearish Cypher pattern near the strong key market level of 1.8300. Additionally, we are at a strong supply zone where the market previously dropped 1000 points, indicating that this area may serve as a strong resistance to...
Analysis of #USDJPY The USDJPY has been showing signs of potential bullishness as it approaches a key support area between 130.00-131.00. The area is significant as it has served as a strong support zone in the past and is also coinciding with rising trendline support. Additionally, the key market levels around this area add further significance to the support...