On Friday we saw the expected correction and pullback. This week is coming the most important news for the market at the moment. US Interest rate is coming on Wednesday. After the news we expect good opportunities and longer-term trades. We're looking at the exhaustion of the downside move, as the first support is 1.0609. Current levels are not suitable for...
Advanced Technical Analysic for maxximum Precision for symbol XAUUSD! 1. Market Structrure, Wave Structure. 2. Trend & Reversal. 3. Supply & Demand zone. 4. Fibonacci analysic. 5. Indicator, Volume, Candlestricks. 6. Secret Technical Analysic.
Calling all traders! We've got a fantastic EUR/USD setup unfolding on the 1-hour timeframe that you won't want to miss. Here are the key details: 🔑 Technical Analysis Highlights 🔑 📊 Fibonacci Magic: After a strong rally, EUR/USD retraced precisely to the 0.618 Fibonacci retracement level. A classic retracement pattern, indicating potential bullish strength. 🔄...
Primary Chart: TSLA on Weekly Time Frame with a Downtrend Line from the All-Time High and Fibonacci and Measured-Move Levels Preliminary Comments TSLA is poised to stall soon, perhaps into July 21. By definition, a stall does not necessitate a crash or major trend reversal (at the primary degree of trend). A major reversal downward (crash) is always...
From a technical pov... The pair will sell off, it has created double top pattern on ltf which indicates a reversal.
Paypal isn't performing well. Previously PYPL was downtrending, but the Relative Strenght Index (RSI) is showing regular bullish divergences forming. Long term we expect the price to rise 185 %. FInal target would be 174 USD.
We saw a massive rally over the last months, with retracements around 100 handles. This week's price made a 108 handles retracement after 4 failed attempts to form a new high at 4600, then price fell back to the magical 4500 level in 3 days. At 4500 we saw a volume spike at the closing hour. With a higher low. All together it looks like a W formation at the...
This is the sell off that, technically, I have been waiting for. The twist in the kumo from a downtrend to an uptrend is a called a "kumo twist" and price will almost always touch the twist. Since the price action has ran up from the XRP case, we could say the technicals were in contrast to the price action. Meaning, the price was doing well, but the kumo...
The Russell Small Cap Futures completed their initial upthrust nearly a week earlier than expected. A trend change is underway, as the liquidity data indicated over the prior two weeks. I have taken some profits on my AMEX:IWM Call Debit Spreads, and will look to reload on a pullback, anchored around the Green Flag Zone below. Eventual target for July is the...
Based on recent market analysis, I have identified a potential reversal opportunity in the USDJPY currency pair. Please note that this is not financial advice, but rather an observation for informational purposes. Always conduct thorough research and consider your risk tolerance before making any trading decisions. Instrument: USDJPY Trade Plan: Trend...
🚨 Brace yourselves for a trend reversal! The GBPJPY forex pair is showing a compelling bearish setup with the formation of a head and shoulders pattern. This classic yet highly reliable pattern has a proven track record of success. Technically, the head and shoulders pattern materializes as the price forms a lower high and breaks through the initial support...
In April 2022, XRP began it's large and unfortunately rapid price decline. All said and done, price fell ~66%. Since then, the price has been in an accumulation range for roughly the past ~350 days forming a strong base. On Monday, March 23rd, the price action broke above the previous rallies high that was made in September 2022. However, that rally was...
Hello Traders, High Time Frame OANDA:XAUUSD analysis/idea i would entertain. Narrative: 1) HTF ICT market maker buy model to sell model. Anticipating the beginning of the new "Buy-Side" of the Curve. 2) HTF Relative Equal Highs Liquidity Pool @2070.00 (HTF Draw On Liquidity) 3) Price traded into discount range. 4) Price showings signs of reversal...
In the exciting world of crypto, a compelling bearish setup has emerged on Ethereum's horizon. The price action has given birth to a double top pattern, indicating a potential trend reversal. Moreover, this ominous formation has taken shape on a formidable supply zone, adding strength to the resistance level. With strategic analysis and careful observation, the...
The expected decline started yesterday, it’s important now to determine the zone where it can reach. The levels 1,0779-1,0807 now represent the current support zone. Upon reaching this zone we will watch for an exhaustion of the decline and pullback. This will provide a buying opportunity aiming 1,1080. GDP annualized Q1 for USD will be published today.
I have posted about this in my previous idea on 22nd of June saying there is a Head and Shoulders pattern on the 4H timeframe. Now price is breaking the neckline to complete the head and shoulders formation. Now is the time to sell at the close of the current candle.We also have RSI divergence giving extra confluence. I believe we don't need this large stop loss...
There is a head and shoulders pattern on the 4H timeframe on GBPCHF that has formed at a resistance level and now starting to show weakness as the uptrend runs out of steam.However I strongly recommend waiting for the neck line to be broken first and then enter a short trade.Also another confluence for this trade is the RSI divergence suggesting a downtrend.The...