Trend is down; possible pullback to either of the zones before further down to the 2 targets.
It's been about 6 months since I got the last bullish signal for BTCUSD. The long-term moving average is still above, so I am not suggesting that BTCUSD is going to $1mil anytime soon, but if we are to see a trend in the future, it has to start somewhere. Today could be that day. Only time will tell. First thing to look for is a move to TP1, then Stops will be...
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Hello Fellow Bitcoin Investor/Trader, Here's a Technical outlook of BTCUSDT! BTCUSDT has formed Ascending Broadening Wedge Furthermore, The MACD indicator created a death cross, indicating potential bearish movement ahead. All other explanations are presented on the chart. The roadmap will be invalid after reaching the target/resistance area. "Disclaimer: The...
Hello Fellow Global Forex Investor/Trader, Here's a Technical outlook on EURUSD! Technical Analysis EUR/USD is clearly moving in a bearish continuation trend. The price also created a breakout on a rising wedge pattern, indicating a potential bearish bias ahead. The MACD indicator starts creating a death cross, confirming the possible downward movement...
Hey Everyone, Not much action today, as we saw price move slowly throughout today in a tight range and steadily down by just over 100 pips. The break below 1638, as per our chart EMA5 cross and lock opened the swing range. We are now planning our entries in the swing range to catch some of the bounce. The cross and lock below 1638 opening the swing range has...
..Why would you break your money management rules by trading too large a position relative to your equity or emotional tolerance to sustain a loss, if you weren't positive that you had a sure thing? If you really believed in a random distribution between wins and losses, could you ever feel betrayed by the market? If you flipped a coin and guessed right, you...
Hello Fellow Global Forex Trader/Investor, Here's a Technical outlook on USDCAD! Support the channel by giving us a thumbs up and sharing your opinions in the comment below! Chart Perspective USDCAD has rebounded in the Classic support area. Simultaneously, The USDCAD is broken out of the bullish continuation pattern ( Falling Wedge ). Furthermore, The MACD...
Hello Fellow Stock Investor/Trader, Here's a Technical outlook of ASRI Stock! Chart Perspective ASRI has rebounded around a strong support area. The MACD Indicator created a golden cross, signifying a potential upside movement to the target area. All the explanations are presented on the chart The roadmap will be invalid after reaching the target/ support...
Happy Thursday, See some weird stuff on the chart at the end of this idea An interesting finding/question today - will NASDAQ remain between 11490 & 12940 till November elections? In case of extreme moves beyond buying & selling levels ↗️ Upside key levels: 12 374, 476, 670, 801, 948, 13 014 ↘️ Downside key levels: 12 213, 136, 052, 11 927, 843, 760, 697, 606...
Happy Friday, DAX keeps entering and failing the zone starting at 12928. Yesterday's key levels are still in play. You can find it by clicking here (Opens in a new tab/windows so you will not lose this) In the absence of a catalytic news, it is likely to post an inside daily bar. So today's range is constrained by yesterday's OHLC Macro EU ECB Lagarde...
Happy Thursday, Market will be nitpicking at the coordinated CB speeches today so get ready for some choppiness and sideways moves DAX has 12928 to 13154 range with mid zone at 49 to 55 In case of extreme moves beyond buying & selling levels ↗️ Upside key levels: 13 052, 125, 197, 294 & 432 ↘️ Downside key levels: 12 955, 817, 678, 582, 509 Macro EU ECB...
Happy Tuesday, Happy PMI Day, Line in the sand for DAX is 12817 but it is dealing with all important levels of market structure between August low of 702 & close of 817. A decisive move breaking of one of the levels and then continuing will set the direction. Levels to watch today are 442, 677, 940 & 991 Macro US S&P PMI, ISM Employment Index, New Orders...
Happy Monday, Happy New Week, Trading may remain thin post London open due to Labor Day holiday in the US. So get ready for erratic price action on already very thin volumes. We are an inflection point. DAX now has more hoops to jump going up than going down. Level to watch are 12 688, 702, 818 on the upside for bullish indication. Break of 12 600, 560 & 442...
Hey Everyone, This is our DAILY chart structure, which has been playing out perfectly so far. We tracked the move down and although price found support above 1709 Goldturn before end of week/day close last Friday, we are yet to see a new Goldturn to confirm further move up. EMA5 is creating a turn but we require another days data to confirm the Goldturn, so we...
Happy Friday, Happy NFP Day, 12281 is where it all hinges. The overall range is 220 to 375. Break of one of those levels and continuation will decide where we will go. NFP can be the decider. Two direction prediction: Break of 12135 followed by 11989 will be opening the downside gates. Break out of 12475 followed by 12547 will bring lot of wind to the sails ...
Happy Friday, Happy NFP Day, Bold prediction: if DAX crosses 12587 & goes below 12352, it will break 12k and we will be going back to bear market Today we are likely to push back above 860 to close the week with a reversal candle. Move towards 598 & break of that will attract it to 376 & onwards Macro US Avg Hourly Earnings, Labor Force Participation, NFP ...
Hey Everyone, We posted this chart yesterday and was waiting to confirm EMA5 cross and lock below 1730 to confirm further movement down. This crossed and locked and opened the support structure, which we saw play out today. The price just tapped above the support structure and we saw a swing within the swing range, which allowed us to bank a BUY layer in nice...