ING stated that the focus in the UK would be on the November CPI data released on Wednesday. Service inflation is anticipated to be 6.6%, suggesting a limited progression in inflation. This development is expected to prompt the market to reduce some of its speculations about a potential UK interest rate cut. Although services inflation in the UK is projected to...
After approaching the target price range around the 1.1000 barrier, the price fell sharply in the past session, losing most of the previous session's gains and creating a rail pattern on the daily. This behavior shows that the price may peak at 1.1000. Expect the price to soon test the lower boundary of the down channel. However, those who want to reverse should...
Gold experienced a decline on Friday, bouncing back from the resistance level after showing weakness during the preceding Thursday's upward movement. This indicates the continued influence of a dominant force from above. The daily (D1) chart for gold depicts a sideways structure with an overall inclination towards price appreciation. Following an accumulation...
At the moment Im looking for entry sell. My view is on chart. On top we have resistance and we need to back to point of start move
EURUSD rebounded strongly in the past session, broke the upper boundary of the accumulation zone and created a reversal pattern on H4, but the overbought phenomenon is occurring. We can place a Sell Limit order at the above resistance area
In the face of favorable economic and employment indicators, the US dollar continued its decline for the second consecutive session. Notably, the Dollar-Index, which gauges the USD's strength against a basket of six major currencies, experienced a significant drop of 0.88%, reaching 101,960 points at 6:34 a.m. this morning (Hanoi time). The diminishing value of...
According to the 4-year cycle theory, BTC could peak in 2025. I share my analysis of long-term trendlines and a projected path to a new 2025 parabolic top. I also include background knowledge about wave analysis, without labeling it.
Are you ready for reality show !? I hope HBAR 3 MONTH REACHED 0.13$ price No resistance and… :)
We saw huge bearish momentum for this pair on Thursday and Friday. Now looking for trend continuation to take a short trade. Waiting for at least a 50% retracement and price coming into the fair value gap- then we look for a bearish trend change on 15min and ATTACK! This is looking like a very yummy short! Follow and Stay tuned my friends ;)
Gold prices rebounded extremely strongly from the 1975 support level in the last session, creating a huge Marubozu candlestick on the daily frame and along with it, bullish engulfing patterns. The psychological barrier of 2000 has been regained and the price is now retesting the previously broken down channel. You should not consider this as a normal retest to...
hello dear traders and colleagues. Lets have a look at a very long term chart of CADJPY. If we want to interpret the chart using Elliott wave principle we can see from the bottom that we have completed a 5 wave impulsive bullish move (corrective wave 4 is running flat formation) and then we can see a 5 wave bearish impulsive (which also labeled as wave A). Now...
As you can see in the 4-hour timeframe chart, there are several different bullish confluences that we are currently observing. Firstly, the price is retesting a bullish trendline that has supported this recent bullish move since October 16th. Secondly, the price is also finding support from the 200EMA , and the price formed a nice rejection off this overlay...
The buying force returned in the last session, and although it once surpassed the old peak around 1,081, it could not maintain above this price level, the selling force returned and created long candle shadows above, the behavior This price shows that there is still a significant struggle around this resistance level. You continue to observe to see if the price...
Gold D1 experienced its third straight day of decline. Yesterday's D1 bar formed a bearish pin bar, indicating significant selling pressure. The emergence of an inside bar pattern suggests a buildup of price compression. Despite these developments, the overall structure of the D1 gold chart still appears inclined towards an upward trend. On the H1 timeframe, gold...
We just saw clean bullish momentum for this pair! Such A BIG JUICY... BULL CANDLE after the FOMC! Now looking for trend continuation to take a long trade. Waiting for at least a 50% retracement and price coming into the fair value gap (this is a must for my system!)- then we look for a bullish trend change on 15min and ATTACK! This is looking like a very yummy...
We are seeing clean bearish momentum for this pair. Excellent and clear market structure of lower lows and lower highs. Now looking for trend continuation to take a short trade. Waiting for at least a 50% retracement and price coming into the fair value gap (this is a must for my system!)- then we look for a bearish trend change on 15min and ATTACK! This is...
We got a confirmed bearish trend change for GC (2 LL and 2 LH is what I look for to ensure I do not fall for the trap of a fake trend change!) Now looking for trend continuation to take a short trade. Waiting for at least a 50% retracement and price coming into the fair value gap (this is a must for my system!)- then we look for a bearish trend change on 15min...
hello traders i hope every one having a great profitable week... AUDUSD complete its correction of Weekly sell trend and now impulse of sell trend.. good luck..