] USDCHF is trading in a strong bullish trend on a daily. The price is currently testing a key horizontal resistance. I am waiting for its breakout - a daily candle close above, to buy. Bullish violation of the underlined blue are will give us a strong bullish signal that will push the prices at least to 0.92 level ❤️Please, support my work with like, thank you!❤️
Last month, everyone was hyped about Nasdaq NASDAQ:NDX and some media stocks like NVidia. we were telling our customers and followers to manage their risk and warned them about market correction. In this analysis, we are using the Wykoff method to define accumulation, mark-up/down, and distribution phases. Our technical view has been shown in the chart. If you...
The Dollar moving really nice! Price is very close to our $108 (Wave 2) target. Using this DXY long analysis, you'd know to short the XXXUSD markets.
Technical analysis of EURUSD ahead of important US Fundamentals. Price action, key levels analysis. Potential scenarios. Trading recommendations. ❤️Please, support my work with like, thank you!❤️
Hey Traders, in today's trading session we are monitoring USDCAD for a buying opportunity around 1.36000 zone, USDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.36000 support and resistance area. Trade safe, Joe.
Hi guys, this is my overview for GBPUSD, feel free to check it and write your feedback in comments👊 Some days ago price broke $1.2615 level and entered to resistance area, where some time traded and later bounced up. After price rose to $1.2885 points, it started to decline inside the falling channel, which fell to $1.2615. Later GBP broke $1.2615 level, after...
The USDSEK pair hit the 0.786 Fibonacci retracement level of the previous Lower High of the long-term Channel Down and has immediately reacted with a rejection. This rejection is the ideal short-term sell entry for a 1D MA50 (blue trend-line) test, which the current Bullish Leg hasn't tested since March 21 2024. Our Target is...
Hello folks, I am generally bearish on EURUSD at the moment, and I am still waiting for lower prices, but we could see more bullish momentum first. The logic behind this is of course to lure more bullish traders into the market, but I also do not see any significantly high impact news yet. However, if you see my other analysis, I am looking for a monthly close...
This is my Intraday analysis on EURUSD for 25 Apr 2024 W17 based on Smart Money Concept (SMC) which includes the following: Market Sentiment 4H Chart Analysis 15m Chart Analysis Market Sentiment Euro's recent strength: The Euro has gained some ground against the USD lately, fueled by weaker US data and supporting the Pullback Phase after the YTD...
The XAU/USD pair (spot gold) on the M30 timeframe presents a potential shorting opportunity due to the presence of a bearish flag pattern following a strong downward move. Potential Short Trade : Entry: Consider entering a short position (selling) below the broken support trendline of the flag after confirmation. Ideally, this would be around 2330 or lower if...
Here I have the DXY on the 4Hr Chart! For the past 2 weeks, Price on DXY has been steadily falling! With our Highs and Lows marked, we can see that Price is outlining what looks to be a Descending Channel! If price continues to follow down this channel, I suspect that the ( 105.53 - 105.025 ) Support Zone will be the area price will Most Likely find support to...
Simple trading - "M" Pattern Massive Sell-off incoming This is by far the easiest pattern to spot. Do NOT follow the trend anymore. Respect the pattern. A retest to 2340 with rejection is a clear sign of new resistance. If Gold can manage to break above 2345, then look to continue buying. The two entries I'll be looking for are SELLS at 2340 with a 50pip stop...
Price has just bounced off the support level which is an overlap support that aligns with the 23.6% Fibonacci retracement and could rise to our take profit. Entry: 0.64891 Why we like it: There is an overlap support level which aligns with the 23.6% Fibonacci retracement. Stop loss: 0.64568 Why we like it: There is a pullback support level Take profit:...
XAG/USD is rising towards a resistance level which has been identified as a pullback resistance that aligns with the 50% Fibonacci retracement and could reverse from this level to our take profit. Entry: 27.861 Why we like it: There is a pullback resistance level which aligns with the 50% Fibonacci retracement. Stop loss: 28.872 Why we like it: There is a...
The XAU/USD pair (spot gold) on the M30 timeframe presents a potential buying opportunity due to a recent upward breakout from a well-defined bullish channel pattern. This breakout suggests a shift in momentum towards the upside and a higher likelihood of further price increases in the coming hours. Key Points: Buy Entry: Consider entering a long position...
Hey Traders, in today's trading session we are monitoring AUDUSD for a selling opportunity around 0.66000 zone, AUDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.66000 support and resistance area. Trade safe, Joe.
Hey Traders, in today's trading session we are monitoring EURUSD for a selling opportunity around 1.08000 zone, EURUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.08000 support and resistance area. Trade safe, Joe.
I said 2 things earlier but I changed my mind a bit - the first thing was that I wanted to wait on Monday to do a new post because of the geopolitical situation and the halving, what happened last night convinced me that the floor was here (of course I can be 100% wrong) - second thing is that from my last post, I said we could chill some months because nothing...