We anticipate a market pullback to gather accumulated liquidity, followed by a potential value surge upon reaching the supply level. Trade strategically to capitalize on these opportunities.
From fundamental perspective, the outlook for EUR/USD is uncertain. Some analysts believe that the euro will continue to weaken in the near term, while others believe that...
In summary, from both a fundamental and technical standpoint, the XAU/USD pair is currently in a highly unpredictable zone. There is a significant amount of liquidity located below the key price level of 1981.103 (Yellow) and the Fibonacci 50 level (light blue). It is expected that the market will aim to reach this liquidity and subsequently move in the opposite...
Remember, while this analysis provides some insights into potential market movements, it's always important to use multiple sources and tools when making trading decisions. The financial markets can be influenced by a wide range of factors, and unexpected events can lead to sudden changes in market conditions.
I hope you all have a great trading week!!
Just entered a short position on EUR/USD, head on shoulder where the right shoulder land on top of a strong resistance zone indicate as a possible strong pull back to the trend line below. I used simple triangle as my reversal signal. Hopefully this trade works out.
Looking for a third rejection on the upwards trend of the channel then looking for a small long at the end of the pullback back to the trend line above. Then waiting for the second pull back in my opinion deep retracement and entering another long position at the first sight of reversal (from the pullback) back to the trend line back again
