H1 trendline is channelling uptrend and zone supply and demand is to use for entry scalping. SL 30 pips above/below supply and demand area. Depends on the price action in the zone area.
Hey Everyone, Once again we saw price range between the two structures. The retracement range is holding well with another retest bounce from the retracement range into 2036. As part of our plans, we used the support areas to buy dips perfectly inline with the levels. As stated yesterday market is ranging and leaving gaps both ways with 2020, 2016 bearish gaps...
Gold's implied volatility from the derivatives market remains low and there are few signs of a spike. Typically, gold prices increase during periods of high volatility and decline during periods of lower volatility. However, weakness in the USD and US government bond yields on Tuesday helped prolong gold's rally. Gold prices tend to move inversely to the USD...
Asia market session makes compression price, and the next session when UK session is expecting to manipulate the market. The last session US session is expected market to do the distribution/direction. The price is on the strong supply area waiting for the price to break resistance before or do the rejection on the supply zone.
NZDCAD is currently approaching a peculiar zone based on a key horizontal support and a solid rising trend line on a daily. Your confirmation to buy will on an hourly time frame. 0.8285 is the neckline of a double bottom formation. We will need an hourly candle close above that to confirm the strength of bulls. We can buy the pair then anticipating a bullish...
GBPAUD violated a solid horizontal supply zone. After its retest, the price formed a cup & handle formation on an hourly time frame. Bullish violation of its neckline confirms the significance of the broken structure. We can anticipate a growth on the pair at least to 1.9464 ❤️Please, support my work with like, thank you!❤️
Broken structure being retested. broken trend lines supply area 4h support needs to get tapped at our TP area. great risk to reward setup.
Hey Everyone, Yesterday we stated that Ema5 has locked below 2030 leaving the swing range now open but ultimately we are looking for the 2036 retest again with a cross and lock to open the range above. - This played out once again with the bounce from the retracement range into 2036. We also now have ema5 cross and lock above 2036 opening the range above....
Most Asian currencies rose slightly on Tuesday, easing some of the dollar's slight decline before a key inflation gauge is set to give more signals on US interest rates in this week. However, gains in the region's currencies remained limited, with most currencies remaining within trading ranges established over the past two months. The greenback also remained at...
The greenback index and greenback index futures each fell 0.1% in Asian buying and selling on Tuesday, with the dollar dropping a few floor in anticipation of key monetary data. PCE charge index data - the Fed`s favored degree of inflation - could be launched on Thursday and is predicted to be taken into consideration in determining the valuable bank's hobby fee...
Hey Everyone, And off to a piptastic start with our chart idea playing out, as analysed. Yesterday we stated that we have resistance at 2036 for a immediate bullish target and 2030, as our bearish level target. Both these levels were hit and complete today bouncing between the levels until one broke. We are now seeing price at the retracement level giving...
In this live trading session video,we look at current live open positions on BRENT, GBPUSD, EUR and potential trades coming on Bitcoin,Etherum,US30, etc and the thinking behind them. We also look at how we are doing on our live 100k traders challenge account.
A good earning report can pop the price of TSX:RY to the upper channel line. 3 reasons why? 1. A decisive move about the parallel channels line will signal the end of the correction marked by me on the chart as the abc correction. 2. But if the report is negative or more precisely the market view of the report is negative we could stay in the correction for...
STGUSDT breaking out of an triangle, resetting and looking for continuation. Look to take profit at; 0.6856 0.7131 Caution, traders should watch for a volume spike and at least two closes beyond the trendline to confirm the break is valid and not a fake out.
Hello Traders, here is the full analysis. The completed correction, recovery and formation ascending triangle, set-up hint at the continuation of growth. GOOD LUCK! Great BUY opportunity USDJPY I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or...
Gold rebounded to $2,040 following a decline in US unemployment claims, with focus shifting to key economic data next week. Over the past week, gold prices fell to $2,020 following PMI data and US unemployment claims on Thursday but then recovered to $2,040 heading into the weekend. In the context that Fed officials are not yet ready to cut interest rates and the...
Hey Everyone, Please see our updated 1h chart levels and targets for the coming week. We are seeing price play between support 2030 Goldturn and resistance at 2036 Goldlturn for a test and break on either Goldturn to confirm the next range. We have resistance at 2036 for a immediate bullish target and 2030, as our bearish level target. We will see price range...
Hey Everyone, Please see our updated 4h chart levels and targets for the coming week. We are seeing price break 2033 but EMA5 is lagging behind. Although we have open target now at 2042, we will need to see ema5 cross and lock above 2033 to open the full range 2042 and 2052. We have support now at 2033 and our bearish retracement zone at 2022. We will need to...