Price has been on a steady uptrend since the beginning of July 2022. Looking at higher timeframe charts we can see price forming a head and shoulders around the $333 zone which could signal a reversal coming soon given if there's enough downward momentum. If price breaks above the $333 zone, this head and shoulders pattern would be considered a failure. We'll see...
Hello traders, we want to check the USDJPY chart in the 1-hour time frame. The price has managed to break the downward channel and also the key resistance level between 131.600 and 131.800. If the price has a pullback to this level. It is a good entry point for a buy transaction and we expect the price to grow to the targets of 133,000 and then 133,800. Good luck.
Hello,Traders! CAD-CHF is going up again To retest the strong horizontal Resistance level at 0.6799 area And I believe after that we Will see a bearish correction Towards the rising Support below Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Hello,Traders! APPLE broke the key level And went further up just As I predicted and is now Making a pullback and a Bearish correction but The stock is in the uptrend So we are bullish biased Therefore, after the retest Of the level around 154.5$ We are likely to see a move Up towards the target level At around 161.2$ Buy! Like, comment and subscribe to...
✅AUD_CAD is trading in a Downtrend on the higher Timeframes and the pair broke One more rising support which Is now a resistance line so As the pair is now up to retest The new resistance I think We will see a bearish continuation SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Bitcoin - 24h expiry - We look to Sell a break of 26448 (stop at 27458) Price action looks to be forming a top. Short term MACD has turned negative. A break of the recent low at 26473 should result in a further move lower. Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. The bias is to break to the...
Hello,Traders! EUR-AUD broke the key Horizontal resistance level Of 1.6163 and the breakout Is confirmed even on the 1D TF Because the 1D candle closed Above the level which Is now a support, which Combined with the Long-term uptrend and The bullish rebound from The new support after the Retest makes me bullish And the next move is expected To be in the...
Gold looks good to start going up US dollar is starting to move down
SOUTHERN COPPER CORPORATION - 30d expiry - We look to Sell at 77.48 (stop at 81.21) We are trading at overbought extremes. Posted a Double Top formation. Bespoke resistance is located at 78.70. Resistance could prove difficult to breakdown. Early optimism is likely to lead to gains although extended attempts higher are expected to fail. We look for a...
Hello,Traders! GBP-CAD has hit an EPIC Resistance confluence Of the strong long-term Falling and horizontal resistance Which means that the path up Is blocked by now by a Strong supply area So a pullback from The 1.6884 area Is to be expected with the Maximum target being The area around 1.6585 Sell! Like, comment and subscribe to help us grow! Check...
It is possible we may continue to pullback early in week and continue to reject daily level 1.07425. We must consider every daily level, even when we have a medium to long term bias on an asset. I think we can continue to pullback to the previous daily zone at 1.07795 before we see sellers step in and put in their two cents. Also the weekly candle needs to...
Litecoin - 24h expiry - We look to Sell at 94.28 (stop at 97.64) Price action has continued to range within a triangle formation. Bespoke resistance is located at 94.50. Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end. Price action has broken from the previous formation. Early...
On our EUR/JPY chart, I am expecting the breakdown of the higher time frame structure to persist, resulting in an overall reversal of price. Last week, the euro index weakened after being in an uptrend, while the Japanese yen has been performing well for several weeks. This could create an opportunity for a short trade setup for this currency pair. I will be...
✅EUR_USD is trading in an Uptrend so after the pair made A bearish correction and made A retest of the support level at 1.074 We saw a bullish reaction and a Gap up on the opening so We will be expecting a further Move up towards the target around 1.805 LONG🚀 ✅Like and subscribe to never miss a new idea!✅
Waiting for a retest of 160.7244 or 161.858 to short GBPJPY back down to 4H swing lows at 157.092 If you agree drop a like and if you have any questions leave a comment :)
Hello, currently for Gj i still see a downtrend spiral on the weekly, some imbalance and some wicks need to be filled. plus our fib levels are well aligned. share your thoughts JESUS, loves you all blessed trading week
Hello,Traders! SILVER is trading below a Long term falling trendline On the higher timeframes And after the price retests The resistance we are likely To see a pullback towards the Target below at 22.41 Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
EURUSD - As you can see from the chart, the setup for this week is quite similar to the others we have posted. Any setup involving the US dollar appears to have a comparable outlook, assuming the price moves as we anticipate. My current plan is to look for an immediate push towards the supply area above, followed by a continued drop. If we do not see a reaction at...