🔍Today's market position offers a pivotal moment, potentially setting the trajectory for the next 2-3 months. Following a minor downturn yesterday, altcoins have once again approached the lower end of the trading range. This juncture demands vigilance, especially considering potential short positions upon breaking support levels to avoid missing out on market...
USDCAD Analysis Canadian Dollar Weakness: The CAD is facing downward pressure against major currencies, primarily due to the decline in the crude oil market. This is a significant factor, as the Canadian economy is closely linked to oil prices. Impact of Economic Data: Upcoming Canadian data releases, such as the International Merchandise Trade Balance and...
This is a personalized analysis based on trends, strength of drives and potential moves.
Regarding my previous chart analysis on 11 Aug 2022, gold perfectly confirmed wave C . Gold at the current level of 1696 (strong support in the lower purple box) is going to choose its direction again. For SHORT side Gold is expected to break 1680 for completing wave C. So, there is more room for a down move in the gold price before its reversal...
EURJPY Neutral Idea Weekly Trend: Bullish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: Looking very bearish overall here on EJ as well but we are bouncing a bit between 135.500 and 134.500. The most likely scenario is price action falling to 134.500 before we see any further reactions. Look for structure below 134.500 to continue shorting. Trade...
DXY Bullish Idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: Technically all timeframes are looking bullish, however, we can see a large 4hour range between 99.250 resistance & 97.850 support. The most likely scenario is that price action continues toward 99.250 resistance before seeing any sort of reaction. Trade scenario...
Principles of Professional Speculation" written by Victor Sperandeo (Trader Vic ), analyses one of the powerful topBottom reversal techniques. Trader Vic describes this technique, "In an uptrend, if prices penetrate the previous high, but fail to carry through and immediately drop below the previous high, the trend is apt to reverse. " The converse is true for a...
Hi Everyone, This New Idea Short After a good movement to the up-side, then wait for a retracement. Goodbye&Good Trading
Hello friends, This is a short prediction for EURGBP. 1. The price is in a downtrend. The price is also reacting to 200 SMMA which usually provides strong resistance. 2. The price is clearly above the demand zone. The demand zone here has been extrapolated from the left. Usually, the first or second consolidation after the trend change functions as a strong...
Sign of Strength in the chart: 1. Reversal with high volume 2. Support above 20/40ma with NS / SP signal 3. Increasing volume on upbar Disclaimer This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
Lets look out for a BUY signal at this Support area. rejections already can be seen. Look for Buy Signal after Restest is done Trade Wisely !!!
let me know in the comment section below if you have any questions, the entry will be taken only if all rules of strategies will be satisfied.
AudNzd formes an inverted head and shoulders, then rejected the neckline... Price now appears to have formed a bearish triangle and could possibly break out on the 4h time Frame.. I am considering a short position if price breaks out
Strength in the chart: 1. Consolidation 2. Shakeout 3. Line Change with pentagon Hit the "LIKE" button to support us :) Disclaimer This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock