On the daily BTC is sending contradicting signals. On the bearish scope, a bear flag pattern has formed which is a reliable signal that the trend will continue downward. But as the flag pattern formed there is also a falling wedge formation which is a very bullish signal, about 63% of the time the market trends upwards. We most take into consideration, inflation,...
Good Afternoon Traders hope you all are well! Just wanted to follow up with a little market update and a quick recap of some smaller TF trade setups that you can keep an eye out for. As always manage risk Set stops set takes Happy Trading. Looking for further retracment to roughly 1918-1927 before major sells below 1800. Just ideas at the moment will add...
Hello traders thank you for viewing another one of our video breakdowns of XAUUSD . We will always provide our community with daily updates and current status of gold . Currently looking for XAUUSD to continue its bearish trend down into the 1932 levels and potentially much lower on a break and close below 1941. IF not we will hold the pennant formation for a...
today fii is negative and dii in positive mood . tomorrow on 18th aug we buy above the 36000 and sell below the 35600 . on both side we take at least 150,200 points easily
The PEAD projected a Neutral outlook for $IBM after a Positive over reaction following its earnings release placing the stock in drift B If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.
GBPUSD is currently on Consolidation and wait for potential breakout for confirmation on the SELL or BUY ENTRY.
Sterling is still displaying a degree of resilience on BoE rate recalibration grounds due to Governor Bailey’s NIRP push-back yesterday, but also on a slightly more positive note from UK PM Johnson who claims to see signs that national lockdown is stemming the pandemic spread. Cable has rejected 1.3700 again, but bounced from sub-1.3650 lows after a temporary...
Clear break out of the descending triangle, with major supports holding beautifully. The next target is 57-62.
Gold took a dip and then consolidated for Memorial Day. It is riding a support line after breaking from a bull rally. 1740 needs to break for bulls to gain momentum and support area needs to break for bears to get some action. lets see how this week plays out.
My BIAS for AUD/JPY for the upcoming week is currently NEUTRAL. My reasoning behind this is We are currently consolidating between Daily Support level at 71.050 and Daily Resistance Level at 72.560. We are currently at the Support level so we could see a rejection of this level for a push up towards previous 4HR Support at 71.900 Or we could see a break...
I'm using Log chart on monthly time frame. Dow Jones Industrial currently trading in very similar fashion of how price action looked before Dot-com bubble. Index must break 27000$ and trade above it for a while in order to continue higher. If we cannot get above recent top, more choppy action to follow based on almost identical structure we've seen before. If...
Daily trend line resisted a move to the upside and Friday's candle is very bearish - price action is in a wider bearish move adding weight to further downside potential. As price has broken one weekly resistance (blue line) expect a test of another weekly level (arrow). Upside potential remains with pricing in a short term up-trend, potential correction Monday...
Price action is currently in previous structure (blue box) on approach to test the 61.8 and 76.4 fib levels where a correction is still possible. Both blue boxes which indicate past structure align with the key fib retracement levels for an entry long. Price action breaking these levels indicates a clean short entry down to 1.12151 and then onto the next weekly...