I see potential for downtrend continuation in Bitcoin, especially with the formation of a triple top on the daily timeframe. We will waiting price to come to the resistance area and place our short position there
The escalation of conflict in the Middle East is likely to have an impact on the market. This could also potentially lead to the formation of an engulfing pattern in Bitcoin. I see a 70% potential for a decline here, but it's not ruled out that it may break the resistance on the H4 chart and continue to rise. The triple top has already been confirmed, and if the...
Bitcoin appears to still have a significant demand zone. We plan to place a buy order in that area to secure a favorable risk-reward ratio.
It appears that the upward trend for Bitcoin is beginning to weaken. I anticipate that this month, BTC will undergo a correction before making further gains.
We see potential for a decline in the price of gold, especially considering today's market closing. Consequently, we plan to place a sell order at the next key level and aim to take profit at a demand area.
The GBPUSD pair appears to be undergoing a trend change, with buyers still exerting significant pressure on the price. In this setup, there are two points of interest (POI) available for entry. Opting for the lower one would offer better probabilities, but there's a chance it may not trigger.
I've seen that Bitcoin has the potential to break out above the upper trendline. Here, I recommend to take a long position.
In these altcoins, I see that buyer interest remains quite strong. There is potential for prices to break through the double top.
We will wait for Ethereum to reach the supply area before opening a short position. Our profit target will be in the next demand area.
EURGBP is currently at a resistance area, with a Bearish Engulfing candle indicating a potential price reversal. Consequently, I intend to enter a short position, aiming for profit within the next demand area.
After a few days of uptrend, I am seeing potential downtrend movement in the XAUUSD pair. We have identified confirmation of an bearish engulfing candle accompanied by a successful break of the swing low.
The CHFJPY has shown a significant upward trend, staying above the swing low. This suggests strong demand for this pair, meaning there's a lot of interest from buyers. So, we're looking to place a buy order and aim for profits based on how the market is moving.
have identified a trend continuation setup on the GBPUSD pair. We will initiate a buy position at the trendline area with the target take profit set at the previous swing high.
Gold has experienced a significant price increase, reaching an All Time High. In this current setup, I analyze that gold will continue its upward trend. Here, I will place an order at the price of 2240.
We observe NZDUSD attempting an upward movement. We will place a sell order for a retracement to form the Inverse Head & Shoulders neckline before the price potentially continues to rise further.
EURCAD is currently positioned within a demand zone, indicating the potential for a price reversal. Consequently, I suggest placing a limit order to buy at the price of 1.45650, as this area coincides with a significant order block zone.
AUDCAD price is approaching the Order Block area in the H1 Timeframe. We will make sales following the trendline. The decline in the Canadian dollar is quite strong, which will also increase our probability
EURJPY is forming a descending triangle, indicating a potential downtrend. However, we will place a pending sell order at the retest price around the key levels of 163.250 & 163.275.