Trader-Berke

Trader-Berke

Crude oil is currently ranging between two key levels. The problem is that there is no sign of price action rebounding, and it looks like a falling knife. However, this is a perfect zone for a reaction. Aggressive traders can open a small position from here. Personally, I will wait a little to see the start of bullish momentum first. Don't forget about the large...

Trader-Berke Updated 

Classic approach, reaction at resistance with bearish RSI divergence. My target is 1.79200

Trader-Berke

Hello, A clear descending triangle pattern has formed. This level also serves as a strong weekly support/demand area. I believe prices have accumulated enough, and soon there may be a significant correction or the start of a fresh trend. Place your stop loss below the triangle and set your TP at a 1:3 RR. Please share your opinion. Good luck!

Trader-Berke

Prices have pulled back to the 50 EMA on the daily chart, where there are numerous long lower wicks. This indicates that buyers have reacted and are preventing prices from falling below the 50 EMA. This area aligns as a confluence point since it represents former resistance turned new support and coincides with the Fibonacci 0.382 level. The Anchored Volume...

Trader-Berke

EURUSD Confluence Factors Below; Anchored Volume Profile - Point of control 200 EMA Dynamic Support Strong Demand Zone Fibonacci 0.618 Golden Zone RSI Divergence All we need is a bullish candlestick pattern.

Trader-Berke

In the daily chart, the Fibonacci levels I drew from two different lows have created a confluence. This area is also strengthened by a previous higher high (HH) and has become a demand zone. The long wick extending downward indicates buyers' reaction to this price level. I expect an upward movement from here. However, before opening a trade, you might want to...

Trader-Berke

Prices have just touched the 200 EMA and the lower Bollinger Band. This is also a strong demand zone from August. Volume is decreasing, indicating that sellers are not interested in pushing prices down further. The stochastic indicator has made a bullish crossover in the oversold area. A long wick confirms rejection. This is the perfect spot to buy!

Trader-Berke

I used different pivot points and created a confluence fib zone which also integrates with a strong demand area. Prices are currently rejecting this level with a long wick. I believe it is a clear long signal.

Trader-Berke

Google gives a strong bullish signal on the weekly chart. I believe the pullback in the uptrend has ended, and prices will continue to skyrocket. We are seeing a strong area of confluence. Prices have touched the Fibonacci 0.618 golden ratio, which aligns with the 50 EMA and SMA. Additionally, there is a strong demand level and the bullish momentum is confirmed...

Trader-Berke

Chevron (CVX) is an established energy company listed in the S&P 500 index. Technical Analysis: I use moving averages as zones rather than lines. On the weekly chart, I applied the 200 EMA and 200 SMA, shading the area between them in orange to create a moving average zone. Currently, prices are finding support in this zone on the weekly chart. Additionally, the...

Trader-Berke

Let's analyze the pair across different timeframes. First, prices have reached a support zone on the monthly chart, meaning we should look for reversal signals. Higher timeframes are more reliable since they encompass more data. Looking at the daily chart, I’ve drawn a falling wedge pattern. The pattern has just broken out, and the price has made a pullback to...

Trader-Berke

The USDJPY is giving bullish signals across different timeframes. Prices have dropped to the demand zone on the weekly chart. At this point, the trend is no longer your friend because it has entered the "Trend Exhaustion" phase. There is a broad RSI bullish divergence on the daily chart, supporting a potential rise. On the 4-hour chart, a Stochastic bullish...

Trader-Berke

There is a clear head and shoulders pattern on the daily chart. Lower time frames also support a bearish bias. The beginning of the right shoulder presents a great entry point. It is also a great opportunity for mean reversion traders.

Trader-Berke

Prices are forming mitigation block on the 4-hour chart, and I expect prices to fall.

Trader-Berke

A clear mitigation block occurred, and a pullback followed. We can expect prices to fall.

Trader-Berke

In the EURAUD 4-hour chart, prices made a retest, also known as pullback, to the broken resistance zone. This zone also corresponds to the Fibonacci 0.382 level. The uptrend may continue from where it left off. This is not an investment advice!

Trader-Berke

As you see there is a Head and Shoulders pattern happening. Plus, if you check economic calender you will see 7 positive reports for USD. Which means both technical and fundamental analysis in the same direction. I opened a swing short position. My target will be 1.08600 or even more. Good luck!

Trader-Berke

As you see a perfect Wolfe pattern occured. Usual TP is 1970 in this pattern. Plus, there are many divergences happening right now. This is a great opportunity to open a buy position. Enjoy profits next week!