FX:EURUSD is currently moving towards the psychological level of 1.05000 and the January high. On the daily chart, the price has broke and closed above the previous week's high. Since we have a weekly candle close today, I think the market could retest the area above the January high. In this scenario, the market could make a false breakout of the previous...
OKX:TONUSDT market continues to trade sideways, with the price respecting both the downward trendline and the support zone between 3.60 and 3.70. The price has pulled back towards the level that was tested last time in March 2024. The narrowing price action suggests an eventual breakout. A break above the trendline could lead to a rally towards the resistance...
The price perfectly fulfills my previous idea . FX:USDCHF price has declined from the resistance zone. On the 4H timeframe, the market trend appears to be sideways. The price action is moving within an ascending channel, and I anticipate that the price will break below this channel and move to lower levels, especially given the formation of a double top and the...
Following the significant sell-off from the resistance zone at 3.40, BINANCE:XRPUSDT continues to consolidate. The price is currently squeezed above the 2.00 level, leading me to believe a breakout is likely. The market has already made a fake breakout of the January low, and a retest of this level is possible. Looking left at price action, this support zone...
The price has perfectly fulfilled my previous forecast . It quickly reached the target zone, surging and testing the area just below the next key resistance level above. The rapid pullback from the resistance suggests that we might be experiencing a buying climax. Nevertheless, the market is forming an ABCD pullback, with completion point potentially aligning...
FX:GBPAUD is currently making lower lows, indicating a bearish trend. The market broke and closed below the range zone, which further reinforces the bearish outlook. Additionally, the price tested the resistance zone twice before breaking through it; creating equal high level. The price is currently above the previous day's high, but there is a chance it could...
BINANCE:BNBUSDT market saw a price squeeze and subsequently dropped below the November low. However, the price also made a false breakout by taking liquidity below that level. Additionally, it broke and closed below the upward trendline that has been supporting the price since August. This breakout may indicate a sideways movement. I believe the price could...
As the FX:GBPUSD market approaches the support level, it is showing signs of deceleration, with bearish momentum fading. The psychological level below at 1.23000 has previously acted as a strong support, with the price bouncing off it multiple times. On the higher timeframes, we can see the formation of an ABCD pullback, where point D aligns perfectly with the...
The price has perfectly fulfilled my previous forecast . BINANCE:SHIBUSDT market has broken through the range zone, initiating an impulse move and subsequently forming a new range zone in the shape of a triangle pattern. This squeeze suggests that an expansion is imminent. Currently, I think the market is in the accumulation phase around the level of 0.000015....
The price has perfectly fulfilled my previous forecast . The market surged straight up and reached the psychological level at 2900 without any pullback. On the 1H timeframe, a trend continuation pattern—a triangle—formed before the market moved higher. Additionally, the price broke and closed above last week's high. As the market tests this key level, we may see...
FX:EURUSD continues to consolidate around 1.0300 level. Recently, the market gapped down again, but that gap has already been filled. Last week, the price declined following a news release, respecting the downward trendline and breaking below the 1.03500 level. Overall, the price is forming a triangle pattern, forming lower highs and higher lows. Given that the...
BINANCE:BTCUSDT continues to consolidate below the 100,000 level. Over the past couple of days, the market has been printing doji candles, indicating indecision. Following a false break of the resistance zone, the market is now moving sideways. When we take a step back, we can see that the price has not achieved a 1/3 correction of the bullish move that occurred...
Have you ever felt confident about a market trend, only to watch the price suddenly reverse direction? Or found yourself following what seemed like a clear price movement, only to realize it was a false signal? Don't blame yourself or your trading strategy. What you're experiencing is likely the work of market makers who strategically create traps to trigger stop...
OANDA:XAUUSD market shows strong bullish momentum, with a streak of 6 consecutive weekly bullish closes and a +4% gain this week. The price is pushing higher, but has yet to reach the 2900 level, which may lead to a period of consolidation below this level or deep pullback. Markets often consolidate below or above strong levels before breaking through them. On...
Following the significant 80% decline, BINANCE:TRUMPUSDT is currently forming a triangle pattern above the 13-14 support zone. The respect for the downward trendline over the past week suggests that this level is a critical area of resistance, and I think the price may continue to decline until a breakout above this trendline occurs. As the triangle pattern...
OANDA:XAUUSD continues to climb, breaking above the 2850 level. At this point, the market appears unstoppable, pushing higher and higher. However, at times like this, the market sometimes does the opposite so we have to be careful. Despite this, given the current bullish momentum, any pullback may present an opportunity to go long, especially as the price...
OANDA:XAUUSD price perfectly rebounded off the support area, after briefly dipping below the previous day's low that I highlighted yesterday. This bounce has been followed by the formation of a bullish flag pattern, a trend continuation pattern, suggesting that the upward momentum may persist. On the 4H timeframe, a long-tailed bar has formed, indicating that...
The price perfectly fulfilled my last idea . It hit the target. FX:EURJPY broke below the January and December lows, testing the psychological level at 157,000. It reached the demand zone around 156,000 - 157,000. Based on this, I expect the market to move higher, potentially reaching the January low. On the daily timeframe, it becomes apparent that the overall...