TRADE ALERT!DYDX Ticker: DYDX/USDT Entry: 3.1-3.2 Take Profit: 3.8-3.4 Stop Loss:2.639(Daily Close Below this) Risk to reward: 1:2 Technical Thesis:DYDX one the verge of breakout.Daily and weekly candle above 3$ is bullish for DYDX.
TRADE ALERT!WLD Ticker: WLD/USDT Entry: 1.90-2.10 Take Profit: 2.4-2.5 Stop Loss:1.8(Daily Close Below this) Risk to reward: 1:2 Technical Thesis:Waiting for this channel breakout.Once breakout we will see 2.40$ next target for WLD
TRADE ALERT!ETH Ticker: ETH/USDT Entry: 2050-2070 Take Profit: 2301-2404 Stop Loss:1846(Daily Close Below this) Risk to reward: 1:2 Technical Thesis:ETHEREUM BIG ASCEMDING TRIANGLE FORMATION
I anticipate that Bitcoin (BTC) will experience a period of consolidation, characterized by a stabilization or narrowing of price movements. Subsequently, there is an expectation for the price to retreat to a breakout (BO) level, which refers to a significant price point where a new upward movement or trend might begin. Essentially, this suggests a temporary...
the recent monetary policy changes by the Japanese yen (JPY), there appears to be a decrease in the strength of momentum in the GBP/JPY currency pair. To gain more confidence in this observation, it is advisable to closely monitor higher timeframes (HTF) for additional confirmations. This means that after Japan's central bank's recent decision regarding its...
In the context of a supply and demand strategy for the CAD/CHF currency pair, we observe that the price has reached a demand zone after breaking through a significant market structure. Our objective here is to identify a strong upward momentum, indicating that the price might either touch the supply zone or potentially break above it.
The Canadian dollar has depreciated below the 1.37 per USD mark, nearing the one-year low of 1.39 recorded on November 1st, due to the ongoing influence of the Federal Reserve's hawkish stance, which is putting pressure on the loonie.
After a period of consolidation, GBPAUD appears to be resuming its downtrend. It's essential to exercise caution tomorrow, as a lack of increase in interest rates by AUD could potentially trigger your stop-loss and it's advisable to enter the trade with lower leverage.
Cardano is currently making an attempt to surpass a significant resistance level on the daily chart. If it successfully breaches this resistance, it has the potential to experience an upward price movement, potentially reaching 55 cents.
The GOLD pair has recently exhibited a breakout above a long-standing resistance level. Breakouts above significant resistance points often indicate a potential shift in the trend or momentum. After a prolonged period of being suppressed under this resistance, the breakout signifies a substantial change in market sentiment. Traders often interpret this as a...
BTC price made a bullish breakout of the ascending triangle pattern, after a correction if price continues to hold above support I expect the price to move higher towards the next resistance..
The USD/JPY pair encountered downward pressure yesterday, dropping to the 148.807 level before reversing its direction upwards, hitting the uptrend line and consolidating above the resistance line at 149.315. This suggests that the market is likely to sustain an upward trajectory. Sustaining trade above this level is expected to serve as a driving force for the...
This situation in the GBPJPY market appears to be a clear illustration of a stop hunt and market imbalance: 1. The market is currently in a period of consolidation, trading within a horizontal range on a daily basis. 2. Earlier today, there was an attempt to break below the support level, and the market even traded below that level for a while. 3. However, what...