Technical Outlook: After a huge bullish momentum followed by important fundamentals Gold hit the 1800 zone or so-called Psychological benchmark, regarding the bearish correctional candle on Friday, it gives a strong signal that Bears starting to take control again over the Yellow metal. The fundamentals from Friday triggered the pullback and I didn't expect any...
I`m monitoring the price action in the crypto market, while FED announced slower rates, Safe heavens appreciated, and investors moved their capital from risky investments. Let's see if BTC respects my resistance level. I have also engaged my selling order towards 16500 as my first target.
Bullish Flag on EURUSD 1H, will the price break the Resistance & continue its uptrend? EXY is also on Recovery and DXY is at Support, we should also keep in mind that some important Fundamentals are coming toward us. Stay alert.
Hey bitcoin friends, what is trending in the crypto markets? Well, we have experienced from the beginning of 2022, that cryptos are such unstable assets to rely on. The 2 Trends (News and Price actions), in the crypto market, when the news is negative and the overall trend is bearish, there are more to come. Not like in Forex and Commodities, where Fundamental...
I'm pretty sure that gold will appreciate till the end of 2022, my goal is the 1800 mark. The Bullish uptrend is supported by the WEEKLY Bullish divergence on the Stoch indicator, FEDS dovish policy, and the clear downtrend on DXY and Bond Yields 4H Chart. To be sure of predicting further changes in the price direction in the long-term view I put my Key zones to...
ETH doesn't feel so good, more meltdowns are incoming till the end of 2022. A few things are worth mentioning what I see on my chart: - The price broke the major S1 Pivot point of 1,264 Level and so the price is back in the Daily Bearish channel and forming new Lower Highs. - The MA 50&200 is above the current price - RSI is at 50 and there is more space to go...
My Selling position got Triggered from the last post, running currently in RED ( Small Loss). After monitoring the Price action since my position opened, I'm seeing now an EXAGGERATED DIVERGENCE on the Stoch Indicator, followed by breaking my UPTREND LINE where the price created 2 HIGHER LOWs and on the 3HL the LINE was broken. Now I'm expecting a continuation in...
Yesterday we saw a sharp fall in DXY Price that moved other USD Pairs, and assets. ETH on the other hand respected my Resistance cluster (1363.13 - 1340.16), and DXY Recovered again above my Resistance Zone which turned again into Support (112.964 - 113.174). In my opinion, Ethereum could touch again his demand zone (137-902.70). I recommend waiting after today's...
After reaching the 2000 level ETH Confirmed the Head of this pattern, slipped down to 1550, and retested 1732 for the right shoulder. Now The price slipped to 1440 respecting the Standard Pivot support. With the H&S Pattern and we need the breakout of the support as the second indication. So my position is: Sell Stop: 1410 Stop Loss: 1740 TP: 1041 Good...
My Sell Stop got triggered at the 20592.55 level. Let's see how it will play out in the next week. Read more about this idea in my previous post (LINKED BELOW). My order parameters for this trade are: SL: 21737.19 TP:18050 Good luck and trade with Responsibility traders!
In my previous 2 Ideas, my analysis worked out well in my favor. I´m still Bearish about Bitcoin, my orientation is DXY, RSI, and Stoch Indications. The strong DXY is resulting in a strong meltdown in other Assets (Gold for example) and Crypto assets as well. After the strong selloff, bears are taking a break and the price is forming a great HEAD & SHOULDERS...
As in my previous idea from 15.August my Selling position was in constant Profit from that time. I expected this to happen, and the price could test the 20k Support this weekend. I want to congratulate everyone who benefited from my idea.
As Said in my previous Post BTC, btc created a Double top formation and retest this level again over the weekend and now it has broken my expected level for a continuation. Im more than confident for this position. Lets see how it will play out.
If the price 24270 Breaks, it could touch the 22k Price range again. Today Price level reached the 13 Junes level and only if 25,200k is reached I will looking for Buying positions. My selling Idea is backed with the double top formation and the turn of overbought stoch indication. Be aware and good luck traders.
I opened my selling order at 1772, I’m looking for 1761 as my closing point. If gold breaks 1766.5 and DXY start its sell off again, It’s most likely for a Bullish continuation ^1785 level.
BTC`s Price is touching the 20K KEY SUPPORT today. If volatility increases, a breakthrough is possible. If it breaks next Support will be 15K.
My opinion on the EURUSD is that it will hit the PARITY 1.0000 this YEAR. Because of the ongoing Ukraine War without an end in sight, Gas prices, weapon donations from EU Countries, and a positive DXY. There are slim to ZERO chances for the BULLS to win the actual battle. We also have a nice DESCENDIC CHANNEL with a strong Price Range since 14. January and a...
ETH started a falling wedge on 11. may (DAILY TIMEFRAME). It broke the strong Support and has fallen below the 27 May LOWS. I´m confident to say that I'm BEARISH about ETH. EXPECTING A FALL TO 1611 Level. NOT A INVESTMENT ADVICE; JUST A REMAINDER FOR WATCHING ETH.