This pair firstly respect round number,A range that started since 08 June till 22 Sept 2022 that the market gave a clear direction. A repeat of 22 June 2015 price level is likely to play out bring an overall price target to $195.00. A very massive BULLISH is eminent based on the confluence with over 3 technical indicators especially the third bounce on the...
Gold had been on overall downward trend since April 18 2022,however, a double bottom chart formation formed at price level 1617 have violated the characteristics of down trend, its not just a pull back now but what seems to take the price to the most recent high,rewarding traders with +/- 5700 pips
SP500 has been on down trend since 17th August but the most recent double bottom formation at price level 3578 seems to have change the trend paving a way for a bullish momentum that may likely reward smart money traders with over 1500 pips over the coming trading week, The confluence with over 3 technical tools makes my bias so strong as i hopping on taking my...
The pair seems to have officially changed its trend to an overall BULLISH after the recent DOUBLE BOTTOM chart formation at 91.228, the retest playing out now is temporarily with about 90 pips with a touch at 0.5 FIB region that will trigger the massive BULLISH movement with about 290 Pips with TP 1 & 2 before or within the .27 FIB Ext.
The of the recent pull back led to a price of 0.6346 in agreement with 0.5 FIB REGION, a confirmation of the masissve short with my TP's 1 & 2 (100+ pips) as my short term target before the overall
As price is currently playing at the .0 Fib Regoin ,there may or not further touch on the .27 FIB which is in agreement with Support region, patience is highly needed as a break of the support will see the price going down while a bounce off of it will climb the trend line and what seems like a double bottom formation will see the reverse of the trend upside.I AM...
There seems to continue to fall in the price that would likely lead to the next price target of 1600 over the next weeks of trading the stock and index, The next anticipated touch on the counter trendline would be a confirmation of my bias.
The continued fall in price will continue until no nearest future, leading to the current overall price target to 1333 Traders would just scroll down to lower timeframe to take the advantages not unmindful of the zones to keep off
The price of GOLD is set for a continued FALL as a third touch of the trendline has just happen, taking the price fall to $1615 per Ounce of Gold.
The double bottom formation at price level 80.79 triggered the change of trend from all round BEARISH to BULLISH, The price is currently at a minor zone at price 84.66 but the next bounce at the trendline will shoot the price up to 86.00 target with a decent number of pips even though on one to one Risk to Reward ratio
US Dollar index has been in an overall BULLISH since double bottom chart formation formed at price level 90.00 and it will likely continue in same direction over the next couple of months painting a picture of a repeat of 01 Feb 1985 historical price action, leading the price to 164.50 target Consequently, that will play out if price will be able to Break the...
The pair appears set for a continued down trend it started since 13th September 2022.though the buyers are causing the staunt movement at the current S&R Region but the next bounce off the trendline will trigger the massive sell of about 560 Pips while hopping on the trend i will take out 50 of my profit at the TP1 and the remaining at immediately some pips after...
The pair is currently preparing for a retrace ,selling should be done with carefulness as the pair is still focused for a continued overall uptrend. Patience is need for a stalling around the minor yellow zone and a touch around the 0.50 and .618 Fib region then will the massive BULLISH Momentum be triggered that will likely reward traders with 1000 Pips during...
The pair has been on steady fall and this seems certain to continue taking the price to 0.83000, that is about 560 PIPS to drop, if it does i will be be taking out 50% of my profit at .0 FIB level (TP 1) and the remainder at 0.27 Fib Ext (TP 2) before i would reanalyze.
What appeared to be an action to trigger the rise of crude price by OPEC seems not to work as any further bearish candle below my counter trend will see the oil price fall up to $70 per crude as against $110 earlier anticipated because of the bullish momentum of last week. As a smart money trader, i will be monitoring this till later part of Monday trading day.
The current retest playing out is to gather momentum for a new wave of LONG though a brief stalling may occur on the minor yellow zone ,but any attempt by price to touch the .50 & 618 fib region which is in fluence with the bullish arrow head, then will go fully BULLISH
Gold traders will cut a very sizeable number of pips trading today depend the volatility in the market that might be triggered by an anticipatory news
US30 in the early and most part of today will continue on its bearish momentum,its actually overall bearish though there would be a pull back that may likely kicks in just some where before the TP 2 as shown on the chart, This drop of a 1000 pips is eminently possible because of the confluence between the S&R, Trendline and Fibonaaci also.