Bitcoin is within an approximate horizontal trend channel in the short term, which indicates further development in the same direction. The currency has broken up through resistance at points 61400. This predicts a further rise. In case of negative reactions, there will now be support at points 61400. The currency is assessed as technically positive for the short term.
Dow Jones Index is very weak ahead of FOMC today. The market is stuck within a horizontal range on a 4h time frame. Depending on the reaction of the price to its boundaries, I see 2 potential scenarios. Bullish Scenario If the price breaks and closes above 41820 - the resistance of the range, we can expect a bullish continuation at least to 42000...
AUDNZD broke and closed above a resistance of a wide horizontal range on a daily. With a high probability, the broken structure turns into support now. The pair will most likely continue growing. Next resistance - 1.097 ❤️Please, support my work with like, thank you!❤️
Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watch list and see if the rules of your strategy are satisfied. Dear Traders, If you like this idea, do not forget to...
Base on usdt.d Every thing is clear in picture Signal and entry bar in 15m.
🔹 AUDUSD Analysis on 1HR chart - The current Trend is BULLISH - there is no divergences - Symmetrical triangle is form 🔹 Trade Plan - Entry Level = 0.67295 - Stop Loss = 0.67058 - TP1 = 0.67546 - TP2 = 0.67791 🔹 Risk Management - First TP is 1:1 - Second TP is 1:2 🔹 How to Take Trade? - Only risk 2% of your portfolio - Take 1% risk entry with 1:1 RR - Take 1%...
Here are the updates & outlook for multiple instruments in my watch list. 1️⃣ USDCAD daily time frame 🇺🇸🇨🇦 The pair is currently consolidating within a horizontal range on a daily. I am waiting for a breakout of a one of the boundaries of the range to confirm the future direction of the market. I think that the price may keep coiling before the FED rate...
Bitcoin has broken the falling trend channel in the short term and reacted strongly up. For the time being, it is difficult to say anything about the future trend direction. The currency is approaching support at 58000 points, which may give a positive reaction. However, a break downwards through 58000 points will be a negative signal. The currency is assessed as...
1. Ascending Channel : BNB seems to be trading within an upward-sloping channel marked by two yellow dashed lines, indicating a long-term bullish trend. The price has bounced off the lower boundary of this channel several times in the past, confirming its significance as support. 2. Resistance Break : The horizontal line around the $400-$500 zone acted as a...
══════════════════════════════ Since 2014, my markets approach is to spot trading opportunities based solely on the development of CLASSICAL CHART PATTERNS 🤝Let’s learn and grow together 🤝 ══════════════════════════════ Hello Traders ✌ After a careful consideration I came to the conclusion that: - it...
GBPJPY has a nice potential to keep falling next week after a confirmed violation of a support line of a wide horizontal range on a daily. With a high probability, the price will reach 181.1 support next week. ❤️Please, support my work with like, thank you!❤️
Entry 15m.30m After spike and channel we have 4h tr and reject from high of 4h tr. Bearish setup in 15m. Also in daily DXY is bearish. Albrook method.
Looking for Impulse Up. Gold movign to daily top to get those Stops!. It's important to have your own rules on RR and adhere to them. This trading idea is intended to assist you and enhance your knowledge. If you have any questions, please ask me in the comments. Learn & Earn! Wave Trader Pro
Price is making a series of Higher Highs and Higher Lows after the Bullish Divergence on 1 Hr time frame and Now the trend is bullish. We can see a rectangular pattern on chart which is usually a continuation pattern. So our trade plan would be to go long on the upside break out while keeping our stop loss on the last Lower Hight and at least one to one profit target.
Also bearish contex is valid. Fake breakout high of 4h tr. Entry 15m RSI divergence.
I see one more important daily structure breakout. AUCHF violated a support cluster of a wide horizontal range. It is a clear sign of the sellers and a strong bearish signal. I think that the price will reach at least 0.56 level soon. ❤️Please, support my work with like, thank you!❤️
Gold prices have settled into a rectangle pattern, a favorite of mine due to its simplicity and high probability of a successful breakout. Over the past 25 days, the price has been consolidating within this range, which strengthens the likelihood of a significant move once the breakout occurs. A breach of the 2,530 level, particularly if the US inflation data...