The stalling in price movement has almost, a brief patience is just needed for the price to come out of the .50/0.618 Fib level, A formation of a 4Hr Bullish engulfing candlesticks will e a confirmation, then will i only step in and hoop on the trend until .0 Fib where i will likely take out 50% of my profit and then somewhere before the .27 retracement.
Gold have made lots moves of the past few days to the Bearish perceptive but a double bottom chart pattern also formed at .50 / 0.618 Fib region bring a kind of confluence with the S&R minor zone, by this indication, Uncle GOLD is technical set for a BULLISH day rise of +/- 5900 Pips
Temporarily Bullish but This just a pull back towards the .50 &0.618 Fib region before the continuation of the overall bearish trend.
The stalling currently playing happen to be within the .50 & 618 Fib region, giving an average possibility for a rise of up to 190 Pips
The touch on the .50 &-618 Fib region appears to be a confirmation of a very bullish momentum that will give rise to a catch of over 400 pips.
AUDUSD is set to doing xmas gift to traders because of the parallel native of this heavy price fall up to 0.6000$, traders take out your tools and cut your share at the direction of the trend.
What a good news for traders and investors alike as there seems to be a price rise up to $1425 bench mark. Potential 8000 Pips on for trades grab
EU50 is at overall down trend and the brief retest after friday NFP allowed the market to touch the 0.5 & 0.618 Fib levels confirming the new price wave,fall to TP1 @ 3252 and TP2 @ 3184 just few pips before the most eminent support region.Risk mgt is important...tgerefore SL should be placed just few pips after the most recent high at that 50 & 0.618 Fib region
Just as almost all major cryptocurrency are in down ward trend, USDT is not spared as there seems to be a massive fall that will take the price down to $10k per coins despite a small stunt that will be experienced around the minor level at $16k just after the red arrow pointing down
Uncle Bitcoins price has been on a steady FALL since November 2021 though we didn't see it until 19th of June 2021,and i came out told my closed traders and investors that price will fall up to $12,000 per coins,but this time it will hit $8000 price Levels. Now have it again that over the next 6 months Bitcoins will continue fall in price.I am just praying...
My bias,the market was overall bearish before the change in trends as a result of the double bottom chart pattern at around the .0 Fib level. The latest cut of crude supply to the global market by opec will bring a rise in oil price up to 1500 Pips,ie price from current to $97 and a brief pull back before rising to $10. The would likely play out as sanctions on...
What may possibly play out as we go into the new week-2000 Pips .In my personal opinion S&P 500 has been largely bearish since 22nd Sept though a pull back on 4th Oct.which is normal in order to regain some momentum, However The Friday NFP news triggered the continued bearish momentum which pushed the price to currently 3631, so i may likely be placing my SALE.and...
Bitcoins has made a lot of gains in price appreciation but the reverse is eminent as a fall to around $17k is possible except the NFP news did otherwise but i am optimistic that the NFP will ONLY even help to fast track the falling momentum .
There is a high possibility of long as the retracement has touched around the 50/618 fib level, i am just waiting for a 4Hr bullish engulfing candlesticks, i will go to the lower TF with my entry and exit strategy to buy even up till the 27 fib ext, just few pips before the Reistance.
After the Massive movement of GBPJPY last two days ,it can continue to favor the Bulls and in my humble opinion despite lack of momentum to touch the .618 / 50 Fib region, i think a long that can move up to 164.00 price level is eminent ,though my first TP will be some pips before the Resistance and watch the market to break it before hopping in to take my second...
Gold showed an earlier bullish movement today while many market especially the London market, but a pull back is possibly eminent which will bring the price movement around areas of .618 and 50 Fib levels paving way for what may appear a massive overall LONG for the day.
The EURUSD is on continued bullish trend ,this is a result of the galvanized momentum after the last retrace, So in my humble opinion the pair will long for the few hours of today until it hit the next major Resistance just after 1.00850 .Almost 100+ Pips to grab I stand to be corrected.
In my own humble analysis, The price of bitcoins will fall briefly towards areas close to $19,700 temporarily to galvanize the momentum for the possibly full BULLISH day around the Point Zero Fib levels and finally .27 Fib level.