In the past two years, the GBP/CAD pair has experienced a remarkable surge of approximately 3000 pips. This significant price movement has positioned the pair at a crucial level across daily, weekly, and monthly timeframes. Given this context, a potential sell trade presents itself as a viable strategy. Trade Setup: Entry: Consider entering a sell trade at the...
Gold has been on a strong bullish run, gaining over 5000 pips since the beginning of the year. Year-to-date, it's up by more than 20%, positioning itself for its best annual performance since 2020, when it gained 25.1% (6200 pips). Looking at the chart, it’s clear that the bulls are still in control, and I anticipate another 2000 pips increase before the year...
After testing the 2475 support level and forming a double bottom, the bulls have regained control, pushing the price toward a potential test of the all-time high (ATH) for the sixth time. This resistance level has weakened, and a breakout appears likely, especially with the upcoming Non-Farm Payroll (NFP) report on Friday and a potential Fed rate cut later this...
Following my analyses on August 18th and September 5th, 2024, I have maintained a bullish outlook for Gold. However, my strategy has been to wait for the price to hit my sell zone of 2700 rather than entering a buy position. After reviewing the H4 chart, it's clear that the bulls have failed to break above the 2530 resistance on six occasions. As a result, I’ve...
The pair is approaching a daily support of a raising trendline, i will consider buying the pair if the conditions are favorable. My target is 1.80 Regardless, always follow your trading plan.
After conducting my analysis on 5th June, I anticipated that bullish momentum would propel the price above the 71,000-resistance level, aiming for a swift rise to the all-time high (ATH) of 85,000. However, contrary to expectations, the price experienced a sharp reversal from this resistance level. Currently, BTCUSD is testing the 61,000-support level for the...
In my opinion, USDZAR is bullish because the pair reversed strongly from a weekly support level. Every pullback is an opportunity to buy at a good price, i will update this ideal as event unfolds. Always follow your trading plan. Staff safe!!!
NASS100 is in a strong bullish momentum, but observing the chart, i can see a weakness which made me believe that a bearish movement will soon follow. Always follow your trading plan and take proper risk management.
There is a big chance that after SNB announce rate cut today, we may see a drop in CHFJPY I have two levels of targets as indicated on the chart. Always follow your trading plan and take proper risk management.
Since the start of the year, GBPCHF has been on an uptrend after finding support at 1.06, with the pair climbing approximately 1500 pips. Observing the monthly chart, there are five consecutive green candles, indicating a strong upward momentum. However, the pair is now encountering significant resistance at 1.17. I plan to wait for the price to reach this...
GBPCAD is presently testing the resistance that coincided with a weekly and daily price. Sell rally is my strategy for the pair. Always follow your trading plan and staff safe
I will be watching patiently to see how the situation develops with NZDJPY to short the pair. The price is currently at a strong monthly resistance. The last time the price was at this level was in July 2007, and I envisage that the price cannot break above this level on the first test. My bearish outlook is further reinforced because the weekly candle closed...
Gold fell 1,000 pips (more than 3%) on the closing day of the trading week, driven by a huge daily momentum candle. During the Asian session, the price rose to 2,387, and I was expecting it to touch 2,400 before considering a short position. News emerged that the People's Bank of China cut back its purchases after 18 months. Additionally, NFP data during the NY...
Dear Traders, this is my opinion on NZDCAD. always follow your trading plan and apply proper risk and money management stay safe!
This is my opinion on XAUUSD. Please, apply proper risk and money management. safe trade
Since the beginning of the year, BTCUSD has surged by over 3000 pips. After reaching the 71k mark, the pair initiated a correction move. However, this move was swiftly halted by the bulls around the 56k mark. Observing the daily chart, BTC has been pressing against the 71k resistance level, touching it four times. A break above this level appears imminent. The...
Waiting for a breakout of the support before taking a short position. This is my opinion about EURCHF Stay safe traders
This is my opinion on XAGUSD, the price is more likely to break out to the downside.