Get started

Traderchamp

GBPUSD IS BULLISH AND WHAT'S NEXT?The GBP/USD has broken above the major resistance at 1.31450, forming a well-defined bullish channel that has been guiding the price steadily upward. The upper boundary of this channel has acted as a strong resistance, and there is a possibility of a short-term pullback as the price approaches this level. This potential reversal could lead to a retest of the previous resistance. It's important to closely monitor how the price reacts to both the resistance level and the channel boundaries to make informed trading decisions.
Long
by traderchamp_
EURUSD CONTINUES THE RALLY The EUR/USD has broken above the recent daily swing high at 1.11400 and is showing strong upward momentum. The next key resistance is around 1.12507, a level known for strong selling pressure. As the pair approaches this zone, we could see either a fake breakout or a continuation of the bullish trend, potentially wiping out selling positions due to the recent bullish sentiment. It's advisable to follow the trend, as the pair is signaling more long opportunities in the market.
Long
by traderchamp_
BITCOIN FAILED ON RESISTANCE, WHAT'S NEXT? As predicted in our previous analysis, Bitcoin experienced a significant rally following the identified breakout. Currently, the price is once again encountering strong resistance at the major zone we highlighted earlier. The recent bullish trend developed within a bullish channel, suggesting the possibility of a bearish impulse and another retest of the resistance zone. If Bitcoin fails to break through this resistance again, we might see the formation of a double top, potentially leading to a sell-off accompanied by increased volume.
Long
by traderchamp_
CADCHF BACK ON RESISTANCE, POSSIBLE TRIPLE TOP PATTERNCAD/CHF has once again approached the major resistance level identified on both the hourly and daily timeframes. This level has repeatedly faced selling pressure, causing the price to reverse downward multiple times. Given the price's consistent respect for this level as a major sell zone, another potential sell-off could be imminent. Additionally, the most recent hourly candle closed with a bearish bias before the market closed.
Short
by traderchamp_
5
GOLD ON A STRONG BULLISH CHANNEL HEADING NORTHGold has once again surged from the support level near the $2280 - $2290 region. This recent rally has established a robust bullish channel on the daily timeframe, pushing the price back to the significant resistance around $2410. We might observe a minor reversal within the channel before the price resumes its upward movement after the pullback. This continuation is anticipated to mark the completion of the 5th wave, which is expected to extend further to the upside.
OANDA:XAUUSDLong
by traderchamp_