XAUUSDIs XAUUSD getting ready for some serious pain?
It seems like the gold is in the formation of ABCD pattern.
If the CD leg plays perfectly it will be red bath for gold bulls.
Beyondtechnicalanalysis
LTCUSDTLTCUSDT has given the breakout from long term declining trendline and started new bullish trend.
As the market is consistently printing new HHs and HLs.
A retest of previous broken structure is due, if the market successfully sustain the retest it could be a nice buying option .
what you people think of this idea ?
KASUSDTKASUSDT is in strong bullish trend.
As the market is consistently printing new HHs and HLs.
currently the market is retracing a bit after last HH, which is also the 38% fib retracement level and the previous broken resistance might be turning as a support. if the market successfully sustain this bullish confluence the next leg high could be 0.05200.
FLMUSDTFLMUSDT was trading under declining trendline and recently it seems like bulls are starting to take the charge and has given the breakout from declining trendline with significant bullish candles .
Currently the price is retesting the broken channel's trendline , if the retest level holds it could be a nice buying option.
What you guys think of this idea?
ARBUSDTARBUSDT is in strong bearish trend and also form bearish flag pattern. Recently the instrument has break through important support zone.
Now the price is trading within the bearish flag and seems like it getting ready to break it.
Will the sellers took benefits from these bearish confluences?
CHRUSDTCHRUSDT is in strong bullish trend and recently has given the breakout from symmetrical triangle. The price was reacting well the support and resistance of triangle.
Currently the price has break through the resistance of triangle where the buyers are showing good strength .
If the breakout sustain to upside ,the optimum target could be 0.1090 followed by 0.1140.
What you guys think of this idea?
API3USDTAPI3USDT has started new bullish trend.
As the market is consistently printing new HHs and HLs.
currently the market is retracing a bit after last HH, which is also the 38% fib retracement level and the previous broken resistance might be turning as a support. if the market successfully sustain this bullish confluence the next leg high could be 1.12
GBPAUDGBPAUD is trading in more like of falling wedge pattern and recently it seems like bulls are starting to take the charge and are about to breakout from wedge with significant bullish divergence as well. Currently the price is forming a local support around 1.9400 region.
Will the bulls take charge again continue for leg higher?
EURCADEURCAD is trading in descending channel and printing consistent LLs LHs. Currently the price is broken the important support zone then any retest of broken level will be another sell option.
If the sell momentum continues the next target could be 1.4500 region.
What you guys think of this idea
USDCHFIs USDCHF exhausting at highs?
As the price is been on high bull run but now it seems like price is lacking bullish momentum after printing double top pattern at resistance level and bearish divergence suggesting the sell pressure is about to start.
If the bears took control , the 1st target could be 0.88600.
What you guys think of it
Buy GBPNZD wedge BreakoutBuy GBPNZD wedge Breakout in H1 Chart
Price breaks the wedge Pattern Now, its Good chance to Buy now
Thank you..
EURJPY EURJPY has formed expanding triangle or we can say a megaphone pattern.
Usually price react extremely well to the support and and resistance of the pattern as we can witness in the pattern.
Currently the price is at the resistance of the pattern , if the price start to continue dropping the next target could be 157.715 followed by 157.192.
IDUSDTIDUSDT is trading in descending channel and printing consistent LLs LHs. Currently the price is trading at important resistance zone which is 50% fib retracement level as well. the red candles at resistance zone Will indicate the sell pressure.
If the sell momentum continues the next target could be 0.2000 region.
What you guys think of this idea
AUDUSD, SHORTAUDUSD has selling for the past 8 consecutive weeks since 12th Jul 2023 to date.
Price is currently making upward corrections and i expect it to fulfill the fibo retracement conditions and then short further to the next significant level at 0.62780.
The DXY is on the front foot of strengthening more and that could even ignite more shorts on AUDUSD.
There is important news on USD coming up from Wednesday to Friday on CPI, PPI and unemployment claims and others so let us keep tune on it.
All the best traders.
XAUUSDXAUUSD is trading in range and perfectly testing the lows and highs of the range.
Ranges are best in a sense just buy the support and sell the resistance.
Currently the price is hovering near the support level and seems like a fine buying opportunity.
If buyers attacks the support zone , it will be the easy ride of $15.
ZENUSDTZENUSDT was trading in descending parallel channel and recently it seems like bulls are starting to take the charge and are about to breakout from descending channel with significant bullish divergence as well. Currently the price is forming a local support around 6.75 region.
Will the bulls take charge again continue for leg higher?
TRBUSDTTRBUSDT is trading in symmetrical triangle pattern. The price is reacting well the support and resistance of triangle.
Currently the price is at the resistance of triangle where the sellers are showing good strength and seems like the price may break through the triangle.
If the breakout sustain to downside ,the optimum target could be 22.80 followed by 21.
What you guys think of this idea?
CADCHFCADCHF is in strong bullish trend.
As the market is consistently printing new HHs and HLs.
currently the market is retracing a bit after last HH, which is also the 38% fib retracement level and the previous broken resistance might be turning as a support. if the market successfully sustain this bullish confluence the next leg high could be 0.6590
BLZUSDTBLZUSDT is in strong bullish trend.
As the market is started to print new HHs and HLs after the recent massive selloff.
currently the market is retracing a bit after last HH, if the market successfully sustain the local support then the next leg up can lead to 0.1763.
What you guys think of this idea and don't forget to share your idea.
HIFIUSDTHIFIUSDT is in strong bullish trend.
As the market is consistently printing new HHs and HLs.
currently the market is retracing a bit after last HH, which is also the 50% fib retracement level and broken resistance which is also reacting as a support. if the market successfully sustain this bullish confluence the next leg high could be 0.6300.
GBPNZDGBPNZD is trading in descending parallel channel and recently it seems like the sell pressure is just being exhaust and support being created to take off.
If the bulls take charge and gives breakout of channel the next target could be 2.1350.
what you people think of this idea .
EURGBPEURGBP is trading in symmetrical triangle pattern. The price is reacting well the support and resistance of triangle.
Currently the price is had break the support level within the triangle , a successful retest of this broken level can lead the price to support of triangle.
ENJUSDTENJUSDT was trading under declining trendline and recently it seems like bulls are starting to take the charge and has given the breakout from declining trendline with significant bullish candles .
Currently the price is retesting the broken trendline , if the retest level holds it could be a nice buying option.
What you guys think of this idea?
