faisal-101

faisal-101

It can be seen that there is a clear bearish rally right now due to the strong momentum of DXY. After marking its last LL, a small bullish divergence can be seen which pushed the price upwards, and by applying the Fib the price got rejected from the "golden pocket.618". I have targeted 1:2 RR due to the strong downward price direction

faisal-101

one will not be convinced that this pair is just entering in bearish rally unless he/she takes a look at 1D TF where the trend simply follows the DOW theory and it has marked its LH and also got rejected from Fib .50 golden pocket and now it is going downwards its LL. These are some confluences that hint that decent bearish movement can be seen on 1HR TF.

faisal-101

currently, it can be seen on the chart that gold is facing resistance at 2665.78 and its been twice that it got a rejection with a strong downward movement but gets a decent bounce on the drawn trendline which acts as support. Once the price breaks the marked resistance level, move upwards and then comes back to retest it then it will be a strong indication of...

faisal-101

as can be seen on the chart the price has tried multiple times to break the resistance labeled as R1 but failed but still, it looks like there is bullish momentum and to benefit from that we have 2 choices first put a buy-stop order on the R1 and place the stop loss of 0.89549 but it is a bit risky for more confirmation of bullish trend it has to retest the R1...

faisal-101

With a broken trendline, no new HH, and a bearish flag pattern, these are the confluences that indicate the pair's bearish trend. A short entry can be taken on the flag's breakout. The projection of a bearish flag has also been marked on the chart

faisal-101

it can be seen that support that had been intact for more than 1.5 years has been violated with a big red candle, which suggests that the pair will continue to be bearish. However, the Dollar is in an uptrend which is a major confluence of the continuation of a bearish rally. Short setups can be found on shorter TFs with higher RR considering the yellow line to be...

faisal-101

let's first talk about the white trendline which has been intact since May 2024 but now it has been broken and after the price came back this time trendline acted as support and gave a decent bounce. If it sustains there the chances are that the price will touch the yellow trendline which is a strong resistance since 2021 and still intact. One more point is that...

faisal-101

with currently no divergence and a bullish trend on bigger TFs it gives strong signals of continuing this trend. Either place an instant buy or wait for the price to touch the trendline and bounce in both cases SL will remain the same which has been marked on the chart

faisal-101

the overall trend is bullish plus the price has got a decent bounce from the Fib golden pocket(0.618) once the price breaks the upper trendline of the bullish flag it will be another major confluence for another bullish rally

faisal-101

the data on unemployment claims is negative for DXY moreover with a bearish trendline and almost perfect head & shoulder pattern it looks like from there the price is going to fall but for confirmation, it has to break the drawn trendline and break that marked support level. I will suggest taking entry for short when the price will take a nice pullback after...

faisal-101

as can be seen, the coin has just completed the price projection of a bullish flag pattern and after that, with a bearish divergence the price is coming downwards there we can find our trade for buy once it touches the trendline because it is respecting that quite nicely

faisal-101

as the coin is simply following Dow theory by making HHs and HLs and it can be seen on the chart that after making a new high it makes a new HL near the drawn trendline so to grab the opportunity wait for the price to come down and as it will make new HL we can enter in the trade

faisal-101

the trendline has been intact for almost 3 months and in that period two out of three times when it touched the trendline we can see a bullish divergence circled ones and it respected the bullish divergence last time quite well and now again the price is right at the trendline which is also acting as support with bullish divergence and overall the trend is also...

faisal-101

1- as it can be seen, a bullish flag pattern gives signs of trend continuation as there is no divergence for now 2- if it doesn't respect the bullish flag the chances are that it will come down to the marked "support1" level which is a good opportunity for buying 3- quite rare but if it breaks the first support level and falls on the market "support 2" level...

faisal-101

The chart shows that the support level has been quite strong for almost one year. So, by making bias on the daily time frame, a couple of good long setups can be found on 4hr or 1hr TFs

faisal-101

after a strong bullish trend price dropped for some time and now the trend is giving signals for a decent bullish rally

faisal-101

The chart shows that the price has not broken the drawn support level and gets a decent bounce. Right now the same scenario is happening so it is an ideal situation to take a long position on ETHUSD

faisal-101

this setup has been chosen based on indices as CXY is in a bearish trend and giving no signs of reversal so its good to look for good sell setup on shorter TFs