BTCUSDT has shown signs of a potential retracement to around 60,700. However, it remains uncertain whether this will be a bullish rebound or a bearish correction. I recommend waiting for more market information before making any decisions.
The stock is still exhibiting a pattern where each subsequent low is lower than the previous one, indicating a downtrend. The critical support level to watch is around $42. If the stock price breaks this level, it could trigger buying. Keep monitor.
Currently, XAUUSD is positioned at the upper boundary of an expanding pattern. Given the price fluctuations within this area, I will remain on the sidelines and wait for a clearer trend signal before making any moves. No actions will be taken in the short term.
***Short Term Only*** Prepare for the retest & bounce in the zone ~$1636 First target: structure high
- Large Resistance Area - Short-ed at 1.14175 - 1st TP 1.10953 - 1nd TP 1.08133
- Important support area - 618 retracement - bullish pattern Long and TP 1:1, BE previous high
- Obvious rising power - Upperbound hasn't reached - Target to reach the upperbound - May have small retracement
- Speculate that USD has reached its supporting area - However, still waiting signal for confirmation - Keep monitoring
- Important area - 618 retracement - Sell limit order
- Obvious downtrend - Near a minor important area - Look if there is any retest - If the rebound is weak, most probably will see 6x
There is NO upcoming supporting area for GBPUSD. IF GBPUSD can't stand still above 1.124, it is MOST LIKELY GBPUSD will fall until 1.09. Suggest considering SHORT ONLY.
- GBPUSD has reached its very important zone - It is not expected that GBPUSD will falling without consolidation - DO NOT open short at current position - On the contrary, we can look for opportunity to open short-term long position. Remark: Long term is still downtrend.
- Located in very important area - Waing for breakout confirmation / trend follow - Be patient
- Important area - Double resistance - Prefer consolidate little lit Short Term only. Long Term will NOT short.
- Significant reaction in price action area - Within consolidation range - Target the bottom area of the channl
- Important area - small SL - RR ratio 2:1 - No direction in large TF
Fib 618 resistance area 1st Target Fib Extension 1:1
Important structure point I think ETH need to consolidate before break the important area I will change my mind IF AND ONLY IF it shows me strong and very obvious power break up However, I am LONG in long term.