Hello traders GOLD yesterday Wednesday, gold seems like pushing price to finish a final wave on this 4h chart. Don’t forget this pressure line on 4h chart. By this line, it make gold’s last impulse leg so short and very easy to be pressured from there. And if you check it like this three arrows , you can understand what I am talking about. Each arrow or...
The aussie is inside a bearish channel in H4 chart, the price broke the bigger trendline in daily chart and is now goign down towards the first green line (38.2% Fibonacci), look at the volumes: They are decreasing while the price is going up, it means that the pair is having a retracement and the trend direction is downward. Keep in mind that the 38.2% ...
1.We got buying pressure on daily.It was rejected many times 2.At least, we must kiss ma200 get more power to go higher or fall below 3.Trade for this week 1.72200-1.72000 will be nice to exit GL
BTC is again building up pressure to blast, volume is getting compressed after yesterday's massive move. It would be interesting to see where it goes, my bets are on long.
From the history of the 6E! Euro Future which can be used to analyse also the EUR/USD (FX), we can see that there is a strong probability to see the market pushing up to break the lines as it is entering in a very high pressure zone. The horizontal blue line is a very strong support, very hard to break. We have seen several attempts to brake the blue line with...
AUD/USD (LONG) ANALYSIS: - Consolidation = pending move - Resistance at key trend level - Rejection At Fib Level 78.80 - Previous Bullish momentum
Hi Traders! The market is clearly in a downtrend. It is making lower highs and breakinf structure to the downside. We here have four pressure factors: The first pressure comes from the Resistance, the second Resistance is the Trendline, the next important thing is that the market is in an overall downtrend and the last thing is the 200MA. The entry...
NAS IS CURRENTLY CONTRACTING IN A WEAK TREND (ASCENDING CHANNEL), I EXPECT A NEW PUSH TO THE HIGH TO FOLLOW ITS MOVING AFTER A REACTION FROM ITS CONTRACTION
We have either broken the triangle, and are retesting the other side of previous support/resistance OR We are still in the triangle and are still drawing the pinch. This is either going to be an intense breout/breakdown, or it will be an anticlimactic, impotent mess. love yall
Hello. A retest back at the Daily Supply Zone and another rejection and Sell Opportunity for gold. Analysis : - The resistance zone @1300.000 - 1305.000 appeared to be a high pressuring area for sellers. - Prices are likely to dip back at the support levels of the weekly and monthly chart ( 38.2% retracement of the Fibonacci levels). - The mid-term target is...
Negative divergence on buy pressure, sell pressure making higher lows. DI showing negative divergence to price overall.
Currently at resistance on the DI, as demonstrated by previous significant highs. Sell pressure is putting showing a positive divergence with higher lows, while buy pressure is making lower highs. Expecting a small pullback to support or a period of consolidation before moving higher.
I'm analysing what I see on the chart of EURCHF (a pair that I do not trade). Overall there is much bearish pressure for the south coming from higher time frames. This presents much risk lower down the road. But all that matters is how loss is controlled, when trading between 15 min to 4H (for example). Lower time frames oscillate within envelopes of higher time...
I'll edit this to add my text explanation later tonight...
EUR data this week was generally encouraging but very inline with expectations which surely backs the ECB's on hold stance. Making the EUR a less attractive investment. A retest or break of 1.3000 could lead to 1.1000 at sights. China & US resume trade talks this week.
Thinking about ABC correction. If A wave will brake 0.382 Fib level, we might see 0.5Fib level, then B wave probably will follow with 0.382 fib