TKProphet

TKProphet

FX:GBPUSD We've reached a key level with GBPUSD. The 4-hour time frame gave us an uptrend with multiple rejections at the 38.2 of the Fib. If price fails to break above this level, we could see a retest of the 23.6 before continuing the uptrend. The close of the next 4-hour candle could give more insight on the direction of this move. Alternative Scenario: If...

02:07

TKProphet

OANDA:EURUSD Preference: Looking at EURUSD on the macro time frames, there is a chance that we could see a bull flag on the daily. Upon the retest of the 61.8 level on the Fib, the price will also retest a structural level on resistance and our downward trendline. After the trendline retest, we could see a reversal in the trend if the bulls fail to maintain...

TKProphet

FX:EURUSD Preference: Looking at EURUSD on the macro time frames, there is a chance that we could see a bull flag on the daily. Upon the retest of the 61.8 level on the Fib, the price will also retest a structural level on resistance and our downward trendline. After the trendline retest, we could see a reversal in the trend if the bulls fail to maintain...

02:48

TKProphet

FOREXCOM:XAUUSD Over the past few weeks, gold has continued to break structural levels and create higher highs, adhering to the upward trendline. We have reached another pivotal area on Gold. Price is showing early signs of exhaustion on the smaller time frames. We also have multiple areas of liquidity created by the price rejections that form new micro levels...

TKProphet

FOREXCOM:XAUUSD Over the past few weeks, gold has continued to break structural levels and create higher highs, adhering to the upward trendline. We have reached another pivotal area on Gold. Price is showing early signs of exhaustion on the smaller time frames. We also have multiple areas of liquidity created by the price rejections that form new micro levels...

TKProphet

FOREXCOM:XAUUSD The price of gold is currently exhibiting bearish divergence on both the 2 and 4-hour time frames, indicating a potential downward trend. Furthermore, the price has recently broken below the micro level of structure, which may suggest a shift in the market's sentiment. Currently, the price is retesting the highs, which could either result in a...

TKProphet

FX:EURUSD The EURUSD currency pair has been displaying a steady downward trend for a considerable time period. Today, we observed a slight deviation from this trend, with a temporary pullback that tested the structural resistance level at the 38.2 percent mark on the Fibonacci retracement tool. This resistance level is a significant point that marks a crucial...

TKProphet

FX:EURJPY Towards the end of the week, the EURJPY currency pair experienced a significant and forceful move to the downside. In the event that this downward momentum retraces and tests the 38.2 level without surpassing it, there is a possibility that the downtrend may persist and continue to exert its influence on the market. Alternative Scenario: If the...

TKProphet

FOREXCOM:XAUUSD Momentum has shifted to the bears sides on the smaller time frame. With a confirmed double top on the 1 hr time. There is great chance of a reversal at this area if price fails to break above the double top once it is retested. If this level is broken above we can wait on a pullback to enter a buy.

TKProphet

FX:EURJPY Preference: We have reached a key area with EURJPY. On the 30-minute time frame, we have consolidation underneath the 38.2 level on the Fib. There was also a double top pattern printed on the 30 min that aligns with the 38.2. There are multiple rejections at this level, and the momentum is on the bear's side. If the price fails to break above this...

02:02

TKProphet

FX:EURGBP EURGBP consolidated between the 0.85300 and 0.85585 price levels before breaking above to create a higher high. At the high on the 30-minute time frame price created a double top that has yet to be retested. After the formation of this pattern price fell. The 61.8 Fib level aligns perfectly with the breakout of that consolidation area. If the 61.8...

02:45

TKProphet

TVC:USOIL The bulls showed dominance with the uptrend for this assets. Price action used the uptrend line as support, Followed by an impulsive move to the upside., starting at the 61.8 on the FIb. After reaching the 87.200 area price rejected at a 4-hour zone and created a double top upon the retest of the highs. If the price fails to break above this level, we...

TKProphet

FX:NZDJPY The NZDJPY currency pair has continued to show strength as it tests the highs on the monthly time frame. The momentum appears to be in favor of the buyers on the long-term chart. However, on the 4-hour chart, there is a possibility of a pullback to the 78.6 level to retest an inverse head and shoulders pattern. This pattern suggests that the price...

TKProphet

FX:CADJPY Over the course of this week, CADJPY has demonstrated a consistent uptrend. However, there is a possibility of a pullback, which might lead to a retest of the 23.6 level before the upward trend continues. To take advantage of this market movement, we will closely monitor the trendline and wait for a bounce to retest our sell entry. Alternative...

TKProphet

FX:EURJPY EURJPY surged with impulsive movement to the upside after breaking above the 78.6. The market retested that area multiple times after the break, establishing this area as valid support. After a few tests of the upward trendline, the bulls ran away. Price action led us to the 165.000 area before consolidating. The break below that range area shows the...

TKProphet

FX:AUDJPY On Monday, AUDJPY had a significant bullish move that continued throughout the week until it reached the price of 100.200. This created a head and shoulders pattern on the 2-hour time frame, indicating a possible trend reversal. If the price manages to reach the .50 Fibonacci retracement level, we could see a retest of that pattern or a break above...

TKProphet

FX:AUDCAD This week, we observed a bullish run in AUDCAD. The price surged and reached its highest point at 0.89200, but couldn't maintain the momentum and dropped soon after. In order to test the strength of the trendline, I decided to sell at the highs, hoping that the support area would be tested during the decline. If the support area manages to hold, we...

TKProphet

FX:AUDUSD At the beginning of the week, AUDUSD encountered a significant resistance level at 78.6, which caused the price to rise to 23.6. Following this incline, we decided to take a short sell position on this pair to observe whether the level of support would be retested. The retest of this level could indicate the validity of our upward trendline. At...