GOLD created a kill zone: a bearish harmonic pattern at resistance and fibo extension levels as well. Price reacted to the resistance by dropping from it, and currently price is going up to the resistance. We expect a bearish move from the kill zone to the support level that tested multiple times. ------------------- Share your opinion in the comments, and...
EURJPY tested the upper border of the descending channel, then dropped. The market bounced off the level of 163.500. The support level became resistance. Price action is printing lower lows and lower closes, indicating a bearish trend. We expect completion of the AB=CD pattern, so the price is likely to test the support level. ------------------- Share your...
AUDUSD recently made a double bottom support level and broke and closed below it. The price broke and closed below the ascending channel as well, indicating a trend shift. The market is consolidating on the 4H timeframe, and price likely will retest the support by creating an equal, measured move. We expect a bearish move. ------------------- Share your...
EURUSD made a bearish move, creating an engulfing candle. The market created a structure of resistance for shorting opportunities; breakout of the level, pullback to it, and trend continuation. The market made lower highs and equal lows, indicating bearish pressure. We expect completion of the AB=CD pattern. ------------------- Share your opinion in the...
AUDCAD made a sharp, bearish move and pulled back. It couldn't reach the highs. The market is making low lows and lower closes in the descending channel. Price action is likely to move down from the kill zone and complete the AB=CD pattern. We expect a trend-continuation trade since we have a bearish trend in the descending...
GOLD is moving in an ascending channel. However, the price rebounded from the resistance level. The market is trading near the channel boundary. Most likely, it will breakout the channel and go to the support level. We expect a bearish move to retest the support from the 50% fibo retracement level. ------------------- Share your opinion in the comments, and...
EURCAD pulling back to the confluence level. Price is making lower lows and lower closes. The market dropped from this resistance before. It is decelerating while approaching the channel border and the 61.8% fibo golden zone. We expect a trend down from the confluence. ------------------- Share your opinion in the comments and support the idea with like....
GOLD is retracing following the bullish momentum. The market has rejected the resistance and bounced off it following divergence. Price may create a head-and-shoulders pattern, which is a reversal pattern. We expect the dynamic support to break and fall to a 50% retracement level. ------------------- Share your opinion in the comments and support the idea...
GBPAUD is going up to a psychological level at 1.94000 following the break and closing below it. Price action created a kill zone at the resistance level of 1.94000 and a 61.8% fibo golden zone. We expect a breakout pullback and continuation trade to complete the AB=CD pattern. ------------------- Share your opinion in the comments, and support the idea with...
GBPUSD moved out of the descending channel and dropped. Price broke and closed below the psychological level at 1.27000. The market created the fibo cluster to short the market, where there is resistance and 38.2/50% fibo retracements. We expect a breakout pullback and continuation trade. ------------------- Share your opinion in the comments and support...
AUDNZD rebounded from the 1.08900 resistance level. Price reached significant resistance on the D chart. The market created divergence following a false breakout of the previous high. We expect a sell off from the level, a retest of the support level, and a 50% retracement level. ------------------- Share your opinion in the comments and support the idea...
✴️ WHAT DOES SMART MONEY DOING: ACCUMULATING OR DISTRIBUTING? SMT (Smart Money Technique) Divergence is the divergence of prices of correlated assets or the relationship to inversely correlated assets. Analyzing the SMT Divergence allows you to determine the institutional structure of the market to determine what the smart money is doing accumulating or...
UKOIL reached resistance, and it created AB=CD pattern. The market is trading in the ascending channel, indicating the bears are running out of steam and the bulls are in control. Price broke and closed above the resistance at 84.00 which became the support level. We expect a pullback, then a bullish move. ------------------- Share your opinion in the...
GOLD is going down in an ascending channel. However, the price dropped from the resistance level into the consolidation zone. The market is trading near the channel boundary. Most likely, it will breakout the channel and go to the support level. We expect a bearish move to retest the support and fibo 78.6% fibo level. ------------------- Share your opinion in...
GBPNZD rebounced from the resistance and 127.20% fibo inversion. The market broke and closed below the support level of 2.1000, which became the resistance. On the D chart, the market is consolidating. We expect a 50% pullback from the resistance if the price makes a false breakout of the resistance. ------------------- Share your opinion in the comments...
AUDCAD is currently pulling back to the broken ascending channel's border. The market is creating a potential H&S pattern following a breakout. Price action is likely to move down from the kill zone zone. We expect a sharp move from the resistance level at 0.88500. ------------------- Share your opinion in the comments and support the idea with like. Thanks...
GOLD is currently trading in an ascending channel, making higher highs. It broke and closed above the resistance level, creating all-time highs. The market is currently consolidating following the bullish move. We anticipate a 50% pullback to the support level and a trend continuation. ------------------- Share your opinion in the comments and support the...
GBPCAD market is trading in an ascending channel; it's consolidating. Price printed the AB=CD pattern and pulled back. The trend is bullish on the D chart. We expect it to bounce off the support level and retest the top of the consolidation zone. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!