Expecting more bearish movement, targeting swing trades to the downside. Use proper risk management..
Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 When price entered to rising channel, it in a short time reached $1975 level, which coincided with support area and broke it. Then Gold made retest and after this it made impulse up to resistance line of channel, but soon made little correction. After correction,...
Here I have the USD/CHF on the 1Hr Chart. Price action has outlined what looks to be a possible strong reversal pattern, the Double Bottom! Price has given us two Lows with the most current being a Higher Low. Now I expect with price reaching back up to Confirmation of Pattern @ .8451, we should be given a Break of Confirmation for price to begin creating Higher...
Here I have EUR/JPY on the Daily Chart! Ever since price made its High on Nov' 15th, it has been in a decline. With current Price Action making a series of Higher Lows into Higher Highs all while the RSI is below 50 leads me to believe we are looking at a very convincing continuation pattern called a Bear Flag!! With the Bear Flag, we suspect Price will give us...
Here I have GBP/JPY on the 4Hr Chart!! Price has given us 2 Lows both returning to a very clear Resistance Area! This price action could possibly be outlining a very strong reversal known as an Inverted Head & Shoulders Chart Pattern!! Now with the Lower Low or "Head" being followed by Higher Low or "Right Shoulder", this Price Action signifies that price no...
BINANCE:BTCUSDT.P The 12-hour chart is showing a prominent bearish double top pattern(M), and a break below the trend line is likely to lead to a drop in the $41,000 to $40,500 range. Currently the price is above the trendline and we will see what happens in the future!✨
BINANCE:BIGTIMEUSDT.P Observing the chart, it is evident that BIGTIME has undergone a distinct breakout on the 4-hour chart trendline, signaling a strong bullish momentum. This breakout aligns well with the overall bullish sentiment in the market, adding further support to the optimistic outlook for BIGTIME. Anticipating the continuation of this bullish trend, we...
BINANCE:GASUSDT.P The breakout from resistance in the GAS chart is evident, signaling a favorable moment to enter a long trade. #GAS/USDT LONG SCALP Entries: $7.196 Take profit 1: $7.308 Take profit 2: $7.518 Take profit 3: $7.918 Stop Loss: $6.543 Stay tuned for trade confirmation and additional updates. Feel free to express your thoughts by liking and...
The chart clearly indicates that RUNE has broken out of its resistance. Now is an opportune moment to initiate a long trade. #POLYX/USDT LONG SCALP 🍀 Leverage: 3x Entries: $5.940 Take profit 1: $6.291 Take profit 2: $6.850 Take profit 3: $7.205 Stop Loss: $5.353 Stay tuned for trade confirmation and additional updates. Feel free to express your thoughts by...
The market seems poised for a period of consolidation, suggesting a sideways movement before a potential directional shift. During this phase, support is anticipated around 2010 - 2007, and a retracement could lead to a brief upside towards the resistance at 2028 - 2030. The market currently aligns with a green chart pattern, showing a possible resistance followed...
In this theory we take the 2013 cycle as a trend line and place the correction from ATH > ATLs. History claims that in every cycle we have completed this pattern. There are 3 set rules in order to confirm a bottom is being made. Note: These trendline are all identical and are not manipulated in anyway. Trendlines may vary on other BTC pair charts. 2013 Cycle -...
OANDA:AUDUSD Like the other major USD pairs is sitting at the same key level. Will we see some sort of PB? or is it just going to keep marching higher. A big day ahead with US GDP Data out later this evening. Keep an eye on that an hour before the open.
As you know, I went long LTC at around $68. My target was $81. I am now in the profit and have raised my stops to just over break even ensure that I won't take a lost. While browsing the charts this morning, I spotted something on Litecoin that I did not see previously, a new cup and handle pattern! This one is longer term and gives Litecoin a much higher target,...
Here I have GBP/USD on the 4 Hr Chart! We have a nice outline of 2 Peaks or Highs forming what looks to be a possible Double Top formation! With price failing to make a Higher High @ 1.27245 and now on its way back down to the Confirmation of Pattern @ 1.26035, I believe we will be seeing a Break of the current Low giving us a Lower Low signaling Price to extend...
Here I have GBP/USD on the 30 Min Chart! We currently have price outlining 3 different Highs outlining what looks to be a Head and Shoulders Pattern on top of the Support or "Neckline"! I believe we could be seeing a possible Reversal coming! **Chart Patterns are known to fail 1/3 of the time so BEWARE OF FALSE BREAKS! -Pattern Prediction- If Price Breaks and...
Here I have AUD/JPY on the 4Hr Chart! Price was Rejected @ 98.534 creating the high on Nov' 15th. Since then Price failed at the same level and again at attempted Higher High on Nov' 27th! Following this Lower Highs are Higher Lows which seem to be forming a Pennant Pattern! Currently we have 3 Tests of the Falling Resistance and getting the 3rd test of the...
Here I have EUR/JPY on the 4Hr Chart! I believe we are seeing a Correction in the Bearish direction since EUR/JPY has been traveling in a UPTREND for quite some time! Our current Highest High @ 164.308 on Nov' 16th is the first touch of the Falling Resistance followed by the failed attempt at a Higher High @ 163.719 on Nov' 26th forming what could potentially be...
Here I have USD/CAD on the Daily Chart! Price has been creating Higher Lows into Lower Highs which is outlining a Pennant Pattern! Important factors to mention: The High price created at the First Touch of the Falling Resistance was unable to stay above the Previous Highs made on Oct. 13th '22 and Mar. 10th '23 and seems to be struggling with this Resistance at...