OANDA:XAUUSD surged, moving towards the next key resistance zone at 2400. It was another all-time high. On the daily timeframe, the market broke above the previous resistance zone, which became a support level. I think the perfect scenario would be pullbacks to a broken level, followed by a continuation of moving upside. Overall, I expect some pullback because it...
The price perfectly played out from my last post. The market literally tanked and hit the target. It has reached the support level where a bullish move occurred. I think the best scenario might be to wait for a pullback towards the swap zone and then short the market. after a news report came out. FX:EURUSD made a breakout of the key level at 1.08000. The price...
The price perfectly fulfilled my previous idea. It hit the target level. BINANCE:ETHUSDT is moving sideways on the daily timeframe. This means that it is in the accumulation phase. The price broke through the resistance that was twice then pullback forming a fake breakout. If you zoom out you can see that the market has been making higher lows respecting the...
The market indeed moved lower after the news release. However, OANDA:XAUUSD did not reach the target level. This tells us that we have bullish dominance in the market. We have upcoming news that can potentially move the price lower once again. If the market rolls back to the support level to retest the support level, which was low on Monday, then we can look for...
The price has tested the resistance zone at 1.36000 multiple times, which is at the at the top of the range zone. FX:USDCAD broke through the resistance zone that became a support. I think the market will continue moving upward because we have a strong bullish daily candle. It gained momentum. I expect the pullback to support level and potentially form another...
The market is testing the swap zone on a 4H timeframe. FX:NZDUSD lost momentum near the resistance zone. The resistance zone was tested multiple times before, when the market was pushed lower several times. I expect a pullback from this zone because the market is near strong resistance. Furthermore, we have a divergence, which suggests that the market might pull...
The price almost reached the target zone in the previous post. However, FX:EURUSD rejected the upward channel border. It formed a long-tailed candle on the daily timeframe, which means resistance rejection. It took liquidity above the previous resistance, then pushed back. The market failed to make new highs at the resistance zone 1.08600-1.08700 after testing...
OANDA:XAUUSD is testing the resistance zone. However, it hit the resistance at 2370 like a wall. Basically, it formed a double top at resistance. The price action created a divergence near the channel border. On the daily timeframe, we have lost some of the bullish momentum, meaning we have a doji candle followed by a small candle. It seems like bulls are out of...
The price perfectly fulfilled my last idea. It hit the target level. In my educational post , I explained what a fakey pattern is. It is basically a fake breakout of the triangle formation. As you can see, trending markets are prolific with continuation patterns. After forming the triangle formation, the market spikes down to collect orders, then moves higher,...
The price of BINANCE:XRPUSDT is basically consolidating on the daily timeframe as well as on the 4H timeframe. The market has reached the top of the consolidation zone. As you can see, it is testing the top of the downward channel and resistance at 0.65000. I think the market might continue consolidating back and forth until the real breakout occurs. I expect...
Given the current global situation, there is a significant bullish trend in the OANDA:XAUUSD market. Therefore, I believe that gold will remain a highly demanded asset. Another week closed with a powerful candle. The market has been moving up without major pullbacks for several weeks now. The next target for gold could be the round level of 2400 and then...
The market is testing the resistance zone that was high the previous day. Obviously, all XZY/JPY pairs are extremely bullish. I think the FX:GBPJPY will continue moving upward, retesting the resistance zone on the monthly timeframe. The price is moving the resistance zone between 194.000 and 195.000, which was formed in 2015. If the market makes a pullback and...
The price perfectly fulfilled my previous idea. It hit the target level. FX:EURUSD rebounded from the demand zone. It formed a long tail from the suppot level, indicating a level of rejection. It took out the previous week's lows and moved upside. The market, as you can see, broke above the key level at 1.08000. I think the market might move sideways because the...
BINANCE:FILUSDT bounced off the support level and the upward channel border. It seems like the 8.80 is an important level since the market was moving sideways below it. It broke through the accumulation zone. I think the market may slowly move upside following the whole crypto market. This market, as well as other markets, is also forming a trend continuation...
The price perfectly fulfilled my previous idea. It hit the target level. FX:AUDUSD broke through the range zone and made a new extension upwards. The market is trading above the swap zone. If price makes a fake break at support level and trendline, I think price may go up because price is gaining bullish momentum by updating swing highs and higher lows. On...
This post is directed towards novice traders who harbor the belief that honing trading skills and mastering profit-making strategies is achievable solely through practice on a demo account. However, the unforgiving reality of statistics paints a stark picture: approximately 65-80% of novice traders find themselves facing financial losses within the initial months...
The market overall is in an uptrend on the higher timeframes. However, on the 1H timeframe, the market is moving sideways. BINANCE:ETHUSDT formed a ractangle pattern, which it broke through later. The price reached the support level that was tested twice. It created another range zone. I expect an upward short-term move and a retest of the resistance zone/top of...
So, yesterday we saw strong growth - the price soared from the level of 2275. And overcame a new maximum of 2305. Today we also expect important news. Therefore, correction is possible. Gold rarely lends itself to technical analysis - it is now near the upper line of the channel. However, we know that Gold is a metal that is constantly being invested in and bought...