You can consider entering now or wait for a potential reversal after breaking the trendline. Stop Loss (SL): Place the SL below 0.6640, which is a recent swing low. Take Profit (TP): The first TP is around 0.6835, and the next one is around 0.6950. Note: Be aware that the CPI announcement on Thursday may alter the market trend, so keep an eye on it. Trade wisely!
Hello Traders, Please examine the two interconnected posts below: Bitcoin recently reached its peak, and as predicted, a bearish move has ensued. (Click on the picture) Last year, I forecasted a bullish move. (Click on the picture) Observing the price fluctuation between 9k and 16k, these charts and posts are connected to both movements. While I anticipate...
FTMUSD is a great opportunity to take profits! Extraordinary Risk to Reward trade for a cryptocurrency that is favored by crypto experts fundamentally! around days which BTC potentially is experiencing last days before a sharp move! Look at my old days BTC analysis and see how easy was to get a good profit out of short and long positions during the last 24...
Hello traders, Important news just in – the GDP news from the USA was worse than expected. Let's analyze how this might influence the gold market. Trading Opportunity: Considering the GDP surprise, there could be a positive impact on gold. Two potential entries are identified around 2033 and 2031. Risk Management: Set a stop loss (SL) at approximately 2026 to...
Hello Traders, It looks like you're considering a long position on gold (XAU/USD) based on a combination of key levels and channel analysis. Placing a take profit (TP) around 2047 and setting a stop loss (SL) below the purple zone can be part of a well-thought-out risk management strategy. Remember to continually monitor the market for any developments that may...
Greetings traders, Let's explore the anticipated market path for EUR/USD. As you observe the charts, pay close attention to the dynamics. This is the mid-term analysis Key Level: A break below the critical level of 1.09178 could act as a trigger, activating a sell setup approximately around 1.0950. This level is strategically chosen to align with the...
Hello traders, Let's delve into the GBP/USD analysis with a focus on supply and demand dynamics. To grasp the current situation, take a moment to examine the 4-hour chart. . Key Levels: A break below the 1.2620 level could trigger a bearish setup, leading towards 1.2695 and following the yellow path. Additionally, consider the potential for a sell setup...
Greetings fellow traders, The upcoming trajectory is set to follow the purple path based on the mid-term analysis. For intraday considerations, two potential setups emerge: A prospect at the bottom of the channel, though I advise caution. I am willing to take a quarter of the usual risk for this setup. Alternatively, the purple zone nested within the yellow...
Hello traders, Regarding the mid-term analysis any breaks below the purple zone and breaking below the upward channel would make a bearish setup available! Try to take a look at Mid-term setup
Hello traders, Key Zone Breaks: Breaking Over the Zone: A break over the current zone could activate a long limit setup. Breaking Below the Zone: Breaking below the zone might activate a bearish limit setup, the bullish channel should be broken too. Take Profits (TPs): Target Profit (TP) levels are represented by purple lines on the chart. """ FOR LONGER...
Hello traders, GBP/JPY has presented a potential bearish scenario amidst recent developments in the 50 and 100 Simple Moving Averages (SMA), coupled with supply and demand dynamics. Keep in mind that the upcoming Bank of England (BOE) interest rate decision on Thursday could influence the analysis, and traders should remain vigilant. The 50 SMA has recently...
Hello traders, Bearish Scenarios: Reversal from All-Time High: A potential bearish scenario involves a reversal from the all-time high. Target Profit (TP): Around 2027, indicating a potential retracement from the recent peak. Breaking Below 1968.450: Another bearish scenario is a break below the key support level at 1968.450. Target Profit (TP): Bottom of the...
Hello traders, This is the Daily chart! Regarding the daily chart, the bullish move that began in late September appears to be a correction rather than a sustained trend. Introduction: This analysis delves into the AUD/CAD outlook, focusing on supply and demand dynamics across various timeframes. Keep an eye on potential market reactions to the China...
Hello traders, This is the Daily chart! Looking at the daily chart, it appears that the bullish move starting in October is likely a correction. A more bearish move is anticipated in the long term. Introduction: This analysis focuses on the mid-term outlook for GBP/USD, examining supply and demand dynamics. Stay tuned for intraday updates throughout the week,...
Hello fellow traders, Take a look at the Daily chart! While the bullish momentum encountered resistance around a robust zone, there's an intriguing tug-of-war with the bulls demonstrating resilience. Introduction: This analysis delves into the mid-term outlook for EUR/USD, navigating through the intricacies of supply and demand dynamics. Stay alert for...
GBP/USD is currently in a bearish trend, supported by two key technical indicators - the breakdown of an uprising channel and a bearish crossover of the 50-period Simple Moving Average (SMA) below the 100-period SMA. Traders should be aware of the potential impact of tonight's FOMC and Thursday's BOE interest rate decisions, which could introduce volatility and...
Technical Analysis: Supply Zone: The current price of AUD/CAD is approaching a significant supply zone around 0.89800. This area has acted as a barrier in the past, indicating potential selling interest. Simple Moving Averages (50 and 100 SMA): The 50 SMA is crossing below the 100 SMA, forming a bearish crossover. This could signal a potential shift in trend...
Hello traders, The green zone is suitable for long trades. However, if it breaks, it will turn to a resistance which make it a perfect place to short EURUSD. In terms of any break over the red, or below the green, next levels could be around the white lines.