Thank you for reading this update. NEARUSDT seems to have a new volume increase that could get a confirmation in the coming time frames.
Gold prices reversed sharply today after the US announced data related to inflation that was slightly higher than forecast. Specifically, the consumer price index (CPI) in February in the US increased by 3.2%, 0.1 percentage point higher than the market expectation of an increase of 3.1%. CPI increased slightly, making investors worry that inflation in the US...
We are seeing clean bullish momentum for this pair. Excellent and clear market structure of lower lows and lower highs. Now looking for trend continuation to take a long trade. Waiting for at least a 50% retracement into the resistance turned support- then we look for a bullish market structure shift on the 1hr and ATTACK! This is looking like a very yummy...
In today's volatile market, leveraging the simplicity and potential of trend trading has never been more critical. Bitcoin's current trajectory underscores the value of following market trends for substantial gains, emphasizing the importance of technical analysis tools like moving averages and MACD for timely decisions. This approach not only simplifies trading...
Gold prices increased in the first trading session of the day in the US. According to reports in the US, the number of jobs in the non-agricultural sector increased by 275,000 units in February 2024. The US unemployment rate increased to 3.9%. The market received the comments of Mr. Jerome Powell, Chairman of the Federal Reserve (Fed), positively. Experts predict...
Many analysts believe that, although gold has experienced a strong week of increases and will likely continue to increase in the near future. However, traders are worried that if the US consumer price index report for February published on March 12 increases, expectations of interest rate cuts by the US Federal Reserve (Fed) will continue. continue to...
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- then we look for a bearish market structure shift on the 1hr and ATTACK! This is looking like a very yummy short! Follow and Stay tuned my friends ;)
The upward momentum for GBPUSD D1 continued strongly with the sixth consecutive day of gains last Friday. Friday's up D1 bar was structurally important because it broke out - from the most recent price high, confirming GBPUSD D1 return to the uptrend, as it established a new price high. GBPUSD H1 accelerated as it created an upward sloping price channel with a...
EURUSD stalled on Friday, rebounding from the above resistance while creating a bearish pinbar pattern, showing resistance. However, with the previous breakout, EURUSD D1 is still slightly higher in price. The EURUSD H1 chart structure shows that this pair is more bullish, with gradually higher highs and lows along with a bullish channel providing additional...
see and watch :) After breaking the downward trend line in the weekly time frame, it is ready to move towards the specified targets...
Gold prices continued to rise higher in the past session, recording the 7th consecutive increase and officially creating an ATH (all-time high). However, there are three points to note: 1/ the increasing force is showing signs of decreasing; 2/ Price has increased sharply for many days, creating heavy overbought signals; 3/Selling pressure is showing signs of...
We are seeing clean bullish momentum for this pair. Excellent and clear market structure of lower lows and lower highs. Now looking for trend continuation to take a long trade. Waiting for at least a 50% retracement into the resistance turned support- then we look for a bullish market structure shift on the 1hr and ATTACK! This is looking like a very yummy...
We are seeing clean bullish momentum for this pair. Excellent and clear market structure of lower lows and lower highs. Now looking for trend continuation to take a long trade. Waiting for at least a 50% retracement into the resistance turned support- then we look for a bullish market structure shift on the 1hr 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- then we look for a bearish market structure shift on the 1hr and ATTACK! This is looking like a very yummy short! Follow and Stay tuned my friends ;)
This week, while many counter-trend traders might be eyeing a short on NZDUSD due to a potential setup on the 4-hourly chart, I'm taking a different approach. Why I'm Bullish: 1. The market retested the previous resistance without creating an RSI Divergence, which raises concerns for a strong bearish move. 2. I'm looking for a buying opportunity at...
1. Bullish Bias: - I have a more bullish outlook on GBPJPY compared to GBPUSD. - Clear violation of the Daily Chart on both GBPUSD and GBPJPY. 2. Trading Setup: - A Type2 Bullish Gartley Pattern on GBPJPY is the key trading setup. - Aiming to go long on GBPJPY. Share your insights and trade plans for the week. What's catching your eye? Let's discuss and...
GBPUSD is on my radar, and here's my outlook: 1. Bullish Bias: - I have a bullish outlook on GBPUSD. - The Friday close indicates a potential bullish movement. 2. Buying Opportunity at 1.2819: - I'll be patiently waiting for the market to retest 1.2819. - Preferably, a double bottom formation with RSI Divergence would be ideal for a buying...
Weekly=Bullish. Daily=Bullish. 4H=Bearish (waiting for shift of structure) Weekly candlesticks are show rejection from 50% on weekly Fib. Overall Bullish market so waiting for 4h to shift to bullish. Zones marked up are daily supply & demand aka areas of interest.