Last Friday, it was prompted to short gold at 2149, which is getting closer and closer to the target level of 2145. The position is making a huge profit. If there is a rebound, you can continue to short, but you cannot go short directly. For those who have made huge profits, they can wait until the 2145 target level is reached and then exit the market with...
1. Trend: Bullish to sideways 2. 7 Months consolidation 3. RR very lucrative 4. 1 false breakout & also false breakdown to collect all the stop losses, now chances are high price will shot up at unusal speed
(Provided that price doesn’t carry on up from current level) Short term SELL should pull price pullback to BUY levels Before reaching Buy TP’s
W=Bullish. D=Bearish. 4H=Bullish. Daily broke the higher low to become bearish but 4h shift structure to bullish creating an inverse head & shoulders. 4H recently broke the neckline of the pattern. 1H has a pennant formed. Weekly is also bullish rejecting the 50% fib level. Expecting price to break the pennant and S&D zone and continue to upside for long term...
This week, I'm maintaining my bullish sentiment on USDJPY, and here's my trade plan: 1. Support Retest at 148.53: I'm looking for a buying opportunity if the market retests the support level at 148.53. This level has shown previous support and could act as a launching pad for further upward movement. 2. Bullish Trendline Retest: Alternatively, I'll keep an eye...
ENG Together with measurements of Fibonacci Expansion, Fibonacci Retracement, using the BCS:FALABELLA golden system, we are certain that the price of #Falabella must reach the following bullish prices: -2720 - 3270 (Short-term target) -3700 -4080 -4350 -4650 -5100 Currently BCS:FALABELLA is trading at a value of 2477. When to buy? As measured with...
MARKET PHASE OANDA:NZDCHF is in a long term downtrend (daily) with a short term corrective structure that has been taking place (4 hour). AREA OF VALUE There was a buildup of liquidity (buy stops, longs, short stop losses) above the corrective structure swing highs. Price violently moved up to trigger the buy stops (liquidity) to pair against the sell orders...
As you can see in the chart, we have four bullish trendlines that have contained almost all the price action since the beginning of 2013. During this time, the price has never gone above the upper line or below the lowest line. Every time it reaches the middle lines , on the other hand, the price encounters a resistant or supportive force, causing a pause...
Have you noticed where price is at the moment in this pair and how much downside potential there is in a price. Price is at 24 years well established bullish channel upper line and with a potential of bearish reversal from this region. Let me know what you think...
Gold prices today on the international market increased in the context of investors hoping that the US Federal Reserve (FED) will cut interest rates in June 2024, despite rising inflation in the US. From there, they reduce their need to hold USD, causing this currency to depreciate, benefiting gold prices. Analysts say that if the US cuts interest rates, gold...
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...
OANDA:AUDCHF FOREXCOM:AUDCNH OANDA:AU200AUD OANDA:GBPCAD OANDA:GBPSGD FX:GBPUSD mt
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...