I am expecting a pull back on NAS100 from the local zone of 12230. This zone is also significant as price reacted on this level in the past. I expect a pull back to 11900 and then rise to 12570. Do support this idea with likes if you find this helpful. Previous ideas on NAS100
USDCAD got rejected at the resistance and began to fall. We also see that the pair created a head and shoulders pattern on lower timeframe which may confirm the bearish move. I expect the market to keep falling with goal to 1.254. Please support my work with likes and comments.
Hello traders, Let's examine the technical aspect of US30. In the beginning of June, we saw US30 dropping hard and eventually broke below the May 2022 low. Instead of bears keeping the momentum to the downside, the market corrected for about two weeks. Looking at the correction there are some details I spotted that may signal bears exhaustion. The market printed...
Hey everyone, We discussed about NAS100 yesterday and mentioned of the possibility of an inverse head and shoulders formation on it. Today it looks like this pattern has been completed. The left shoulder, head and right shoulder have been established and the market broke above the key level. There's high chance that NAS100 will rise at least for a brief rebound...
Hello everyone, Yesterday I discussed about NAS100 and its current developments on lower timeframe. I spotted certain patterns that seems to repeat themselves. You can take your time to read my previous idea on this to have an idea of what I am talking about by following the link below. If we expect a bull rally soon as discussed yesterday and possible reach...
NAS100 repetition of patterns. What is it trying to tell us? Hello traders, let's examine NAS100 and see what it is trying to tell us. Back in May we saw that after it created an inverse head and shoulders kind of correction NAS100 roared from there. Again it looks like the same thing is being printed right now. I am not sure if we are going to see an...
Dogecoin has reached its falling trendline that extends from 1 June 2022 and which also intersect with the horizontal key level. This is a very crucial level as a break above it will send price to at least 0.085 and bears protecting the level will push price back to 0.05. I will continue to monitor price on lower timeframe for possible trading opportunity. If...
Let's turn our eyes to GBPCHF. The pair has been trading within a high timeframe falling channel since March 2021. It now looks like it has reached the support of this channel and we may expect a bounce up from this level. I have considered to go long on this pair for both short and long term targets. I have higher expectation that the pair will reach to the...
Hello everyone, GBPCAD is showing good signs of rising. The pair has recently broken above its falling trendline. Then we we see a bullish wedge formation which signals that the pair is more likely to continue higher. I will wait for the wedge to be violated and take buy positions with target to the May 2022 high at 1.615. Friends, if you find this idea helpful...
The overall trend on this pair is faced to the downside. The pair was trading within a correction for few days and now we see that it has broken below its rising trendline. This can be a sign that bears are breaking out and this could trigger a downside momentum. I have taken short position in this market, my stop loss above the resistance level and I have two...
EURUSD is showing signs of upside reversal. The pair bounced up from the May 2022 low. On top of that the pair has printed bullish reversal pattern and continuation pattern on lower timeframe which suggest that the pair is more likely to extend to the upside. I will closely monitor further developments for buy opportunity in this market targeting 1.063 and...
Greeting fellows! Let's take a look at USDCHF. The pair fell from its May 2022 high last week. We can also see that the pair has a rising trendline support at the bottom. If the rising trendline support hold, I'd expect price to rise. I will carefully monitor price and probably look for buying opportunity on this pair with two targets in mind, 0.98046 and...
At one point Bitcoin had a peak price of closer to $70,000 back in November 2021. Today Bitcoin is trading at $17800 as of time of writing wiping off at least $50,000 off its price. What if Bitcoin crashes to $4000? The simple answer is it's very possible since Bitcoin is not pegged to any real world asset. We have also seen some cryptos crash to zero and...
Dogecoin is on a cliff to bleed! With an ongoing trouble in the crypto world, we can be sure that most of the cryptos will see more bleeding in the coming days. At the time of writing the giant crypto Bitcoin is trading around $18200, Ethereum is trading at $930. We can still expect more selling for most of the cryptos. Dogecoin is trading around 0.050 where it...
What NAS100 is doing right now is quite simple to tell and relate, the index is in a correction as it has done in the past. As we can see after a correction comes a rally/drop and after a rally/drop comes a correction. A week ago we saw a drop where NAS100 moved significantly fast without looking back, this week what we see is just a correction which is not yet...
Bitcoin just hit 20K. Look what is happening here. It looks like BTC is creating an inverse head and shoulders pattern on lower timeframe. If the 20k zone won't be tested at this point then we can expect BTC to rise and eventually break above the neckline. If this happen we can expect BTC to rise and 27k would be an easy target. What do you think? Can we expect...
CADCHF created a resistance at around 0.78000. The pair had a rejection at around the same level in May 2022 and price fell significantly. This time we also see the pair doing the same, we just witnessed a strong rejection at the same level. I expect price to continue declining with short term target at 0.760. For best sell entry, I will wait for the current...
The pair has broken out of its falling channel, I anticipate price to continue increasing. For confirmation whether the market will rise or fall back, I will wait for a correction above the channel to confirm continuation of price to the upside. In a case of bullish entry I will be eyeing the March 2022 high at 1.53 as my target. Please do support this idea with...