OGFXTRADER

OGFXTRADER

The black gold has been recovering slowly but steadily. After breaking the strong psychical level at the 64 handle, it recorded a fresh higher high at 65.44. Price action has recently retested the broken level, in confluence with Fib golden level 618. It might signal an uptrend continuation. Fundamentally speaking, the bulls dove in after reports of gasoline...

OGFXTRADER

Dogecoin price action has been trading into a tight range, unable to record a new ATH is currently forming a bullish continuation pattern (bullish wedge). The high potential to reach the $1 mark opens good entry opportunities as the price is bouncing up from the support level from the pattern. That $1 mark forecast is coming from the Fib Ext tool and supported...

OGFXTRADER

An unexpected API inventory build has faded the energy market, trying to hold the fort is trading just above the $62 handle in the Asian market. Today the crude oil inventory by the Energy Information Administration will define the bias in the commodity. Technically speaking, the price could drop towards the confluence zone around $61 handle. That zone is...

OGFXTRADER

Since last week the yellow metal has recovered some grounds. Currently, the price has reached the descending trendline acting as a resistance level. The price action hasn't been able to break that trendline since November 2020, keeping the sparkling of the metal under a bearish tone. I am expecting further confirmation from this level to enter the...

OGFXTRADER

Ripple didn't escape from last weekend's correction. Its price action retraced and tested the fib golden level 618. Technically speaking, this crypto asset remains in a bullish bias, still trading above the 50 EMA, potentially looking forward to the next pump. Fib extension tool could allow us to forecast the next movement target around the previous ATH at the...

OGFXTRADER

The pair closed last week with a clear tweezer top candle on the daily chart. The bearish candle pattern happened at a resistance level of around 0.8996 handle. Although the opening with the Asian market is recording not much activity, we should keep this pair on our watchlist and wait for further downtrend confirmation for the London session. -- *** If you like...

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Last week was controlled by the sellers, and this week continues the same bias. The price structure shows a breakout of the ascending trendline and retest as expected, signaling downtrend confirmation. Let's keep a close watch and set our alerts. The short trade is active on my side though. -- *** If you like the idea, please don't be shy and click on the like...

OGFXTRADER

Last week champion Dogecoin was able to record a 450% increase. However, over the weekend, it purged some FOMO traders with a +48% price correction. The bullish bias could support a new ATH above 0.45 handle (reached last Friday) and potentially with a clear path towards $1. Remember that risk management with cryptos is a bit different from Forex. It doesn't...

OGFXTRADER

Trading below the strong level, the pair is failing to break it through, opening potential short opportunities keeping the pair trading in a range. Closing hourly candle in few minute could give further confirmation on bias. *** If you like the idea, please don't be shy and click on the like button; also, comments are very welcome. | Thanks for your support!!! ***

OGFXTRADER

Last week the cable close in a bearish tone, currently trading on a support level visited recently in February. We could expect the breakout of the zone or, on an opposite tone, a bounce from the actual level. Let's keep a close watch and set our alerts. -- *** If you like the idea, please don't be shy and click on the like button; also, comments are very...

OGFXTRADER

The yellow metal remains under a bearish bias from a higher timeframe, trading under a descending channel. Currently under seller pressure with the Asian market opening, is trading on a key level. Further confirmation is needed to forecast a potential bias.-- *** If you like the idea, please don't be shy and click on the like button; also, comments are very...

OGFXTRADER

The pair remains to trade in a consolidation range. Although it managed the breakout of the ascending channel in March last week, the price reversed into the pattern. GBPNZD may come into a potential downtrend movement towards the support line of the ascending channel. Further confirmation is expected. -- *** If you like the idea, please don't be shy and click...

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Trading in a rising channel, the price is currently trading above the key level. Waiting for the candle to close for bullish confirmation. -- *** If you like the idea, please don't be shy and click on the like button; also, comments are very welcome. | Thanks for your support!!! ***

OGFXTRADER

The major pair remains under bearish forces after the bullish fakeout. Forming an H&S pattern at the H1 domain, trading back under the descending channel drew on a higher timeframe. Expecting further confirmation of breakout from the pattern's neck to potential enter by a retest. -- *** If you like the idea, please don't be shy and click on the like button;...

OGFXTRADER

The pair although trading in a clear ascending channel, it has got rejected from the resistance level and moving towards the support trendline from the rising channel. Opening short opportunities. *** If you like the idea, please don't be shy and click on the like button; also, comments are very welcome. | Thanks for your support!!! ***

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Yesterday the pair was trading finding resistance towards the supply zone, and I was short because of the rejection and after forming a double top pattern. However, the bearish closing candle expected as confirmation never happened. Instead, the price action managed to record a new HH invalidating the initial bias. The price has broken the supply zone, and we...

OGFXTRADER

The pair has recently managed to close below the support level, potentially opening short opportunities. Waiting for an hourly candle to complete for bearish confirmation -- *** If you like the idea, please don't be shy and click on the like button; also, comments are very welcome. | Thanks for your support!!! ***

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The Aussie dollar registered a triple top from the daily candle domain, opening the Asian market under bears dominance after the RBA reported high unemployment levels and the economy operating below its capacity. -- *** If you like the idea, please don't be shy and click on the like button; also, comments are very welcome. | Thanks for your support!!! ***