GhosTrader_GT

GhosTrader_GT

Gold have been extremely bullish. In a steep ascending channel and finally broke out of channel. Usually a crash awaits such structure but Gold has defied all odds to meet Targets/ Price Objectives for Cup & Handle as well as Adam & EVE on the Weekly TF (2877 - 2880). Now considering a new high of 2895 - 2900 Price Objective for ascending channel. On the other...

GhosTrader_GT Updated 

I look forward to gold pulling back and levels to watch out for in the interim - 2741- 2735. I'd hope it plays out as planned.

GhosTrader_GT

Bitcoin in a "squeeze" position currently despite huge volatility in the past few days and overall consolidation structure (Broader Rectangle R1) on the D1 TF. What will become of it after a breakout? Notable patterns with likely targets/PO to the upside in a "Triple" Breakout scenario.. 1. Symmetrical triangle - 115,000 2. Rectangle (R2) - 112,800 3....

GhosTrader_GT

Pair has broken out of pattern(s) and this comes with a strong momentum. Would likely see a strong push up to 0.5800 level (over a 100pips) in the coming days with other targets in view. But first level 0.57370 looks more certain intraday and "maybe" offer some resistance. We have the fib. retracement level 0.236 and megaphone upper trendline as obstacle. Would...

GhosTrader_GT

I think this meme still got some unfinished business. Only for the hardcore investors.

GhosTrader_GT

Pair looks somewhat interesting to watch closely. First of all Price Objective for major Bullish Rectangle has been met. Though after several days of struggle and consolidation (within the smaller rectangle) it finally hit target. Most traders would probably have gone short on the long bearish candle and Stop losses just right above it or above the rectangle which...

GhosTrader_GT

Falling wedge chart pattern signals a reversal. Pair has been bearish and falling wedge structure pops up. Levels to watch out for on breakout of (upper trendline) wedge formation.

GhosTrader_GT

We could see price fluctuate within the 102,400 - 97,400 range for the remainder of the week. So I watch closely. Early price break out of the upper channel could lead to fake breakout to the previous ATH of 108k but then could retreat back into channel causing panic to buyers. But we wait & see what is likely to happen if price reaches 102k level. Break below 97k...

GhosTrader_GT

EURUSD has been in a downtrend (Bearish) for weeks looking at the Elliot wave pattern (D1) and is currently on wave E. But could there be signs of recovery or will it continue downwards to extend wave E maybe to previous low of 1.034 area? A break below 1.04550 would give us some strong confirmation on that. On the other hand (H4), pair is in a range and a...

GhosTrader_GT

Bitcoin had hit the 100k-104k threshold and is due for some retracement. All Price Objectives have been met except for that of Cup & Handle Pattern. But before edging to 125k PA is beginning to show some signs of retracement. My favorite pattern is in play again and thus we could see Bitcoin drop to as low as 87k in the coming days or week. On the other hand...

GhosTrader_GT Updated 

The fib .618 gives the Yen a very strong support looking at the daily Index chart for Japanese Yen. Yen has been ranging within the last 2 weeks sitting right on top of the fib.618 level but yesterday broke out of range with that long green elephant bar. A break below 172.6 level could see this pair drop harder as it has failed to reach previous high and...

GhosTrader_GT Updated 

SWISS FRANC looks likely to continue to weaken against other major currencies. Although it continues to consolidate across pairs (GBP, NZD, CAD,AUD) after very strong gains in the last couple of months. Only the YEN has broken out of it's consolidation and maybe soon others will follow. CADCHF did break out at some point but retreated back into range and looks...

GhosTrader_GT Updated 

NZDUSD has plunged to October 2023 lows although overall structure clearly shows this pair is in a range. If you compare the dollar index to the NZDUSD you see an inverse correlation, Dollar reached a significant resistance whereas NZDUSD reached a significant support. But that 's not say price cant pierce through these zones as seen recently on the EURUSD pair...

GhosTrader_GT Updated 

GBPUSD had broken out of the broadening wedge. We could see further momentum on PA to reach price objectives for broadening wedge. Will continue to look for SHORT scalps opportunity on every retracement till PO is met.

GhosTrader_GT

Potential short opportunity on the AUDCAD for 50/60poips next week. Price is seen drawing towards confluence 0.90325 area in a descending channel formation. Suggest to narrow down to LTF to look for good SHORT entry setups to TARGET AREA. Price may also push further down depending on Current CAD index strength and any other fundamentals that supports the CAD &...

GhosTrader_GT

In this analysis I see a Cup and Handle formation likewise a Bull Flag formation ((more reason why I foresaw next (highs) target for Bitcoin to be within the 100k-104k range i.e. Price Objective for Flag pattern)). Range bound Price objective met 81k-82k. As for Cup & handle price objective sits at 125k. Let's see how Price Action unfolds in the coming weeks...

GhosTrader_GT

In this analysis I see a Cup and Handle formation likewise a Bull Flag formation ((reason why i foresee next (highs) target for Bitcoin to be within the 100k-104k range)). As for Cup & handle price objective sits at 125k. We see how PA unfolds in the coming weeks and months. Bitcoin has gathered strong momentum to the upside. No doubt there will be...

GhosTrader_GT Updated 

BITCOIN is rallying to make a new high but currently sits within a range. Price action confirms a strong momentum to the upside has begun and could take off from there to 70k-73k in the coming days. Thereafter a breakout to form a new high (100k-104k). Its altseason too and US Presidential election is just around the corner.