As we look at the 4h structure for this pair the price action structure is making a bigger consolidation that prepares the next move to the upside. We think the higher probability move for pound yen is to at least break the top. This doesn’t mean that in this consolidation we can’t have a new low, but we think the support at 153.500 should hold and if the down...
GOLD is trading in downtrend Below SMA 100 Below HVN at level 1893 MACD shows weakness in bearish momentum so it's expected for price to retest broken major uptrendline then rebounded from key level at 1888 to target support level at 1810
After the failure of the downtrend channel and the pullback, the confirmation of the ascent to the specified range has been determined! But I believe that next week, gold will suffer a certain price.
This pair reached the top (156.100) on the 27th of May and then started correcting. This correction is a higher degree one than those marked with a red channel on the chart. As we can see on the 4h time-frame, the probability is higher for a small continuation to the downside (with or without retracement) until the price reaches the decision zone/support. There we...
Our latest update for this pair was in the middle of May, 4 weeks ago. Since then, the pair moved in the same trading range that was moving back then. Now on the 4h time-frame it is reaching the support area again and we must decide what will happen next. Will it break this range and continue to the downside or go to the resistance area once again? The higher...
Been in this netflix trade a few days now. Do we think it'll continue down to the TP line? No one knows that for sure! Trade details are shown on the chart. We're only looking for TP3. It's been close already! But we stick to the back tested proven objective plan. Trade history can be seen below this trade idea too for full...
GOLD is trading in uptrend Price now is in corrective wave we r waiting price to retest major uptrendline corresponding to 61.8% Fibonacci level at 1849 to open long trade It's expected to target key level at 1890
Intraday setup, we have gold grabbing liquidity just below 1890 before shooting back up above demand and headed long! Lets Go! 1919 target
NASDAQ retested broken downtrendline then rebounded with bullish movement Price is based above key level at 13405 MACD shows weakness in bearish momentum It's expected for coming bullish wave to target resistance level at 13745
XAUUSD Gonna fall? look at this resistance zones! for more technical analysis and tips please follow my tradingview page and please like the posts!
Nasdaq broke major uptrendline Price is trading now in bullish corrective Elliot wave 4 Price is based below resistance level at 13405 Below SMA 100 MACD shows weakness in bullish momentum It's expected forming bearish Elliot wave 5 to target first HVN at level 12975 then support level at 12675
Daily resistances are really crucial for charts. We do not speculate that the chart can surpass the resistance zone(1854-1876).Meanwhile the RSI indicator is in “over-sold” area which is another bearish signal for the chart.
In our last analysis update for this pair, GBPJPY behaved exactly as we forecasted, it touched the minor support marked on the chart and then went to the upside reaching 154,450 yesterday. Now, for this pair we are seeing a minor correction occurring at this level with the price falling to the minor support or deeper to the blue trendline marked on the chart...