The Gold party is still healty? 15 days are left for this 3M session to close and still has not found Its ATH high. lets see where this candle close. Taking a look at this giant timeframe trying to give some insightful notations. The big bullflag breakout has been impressive, since it broke the last all time high in Friday 07 August 20' at $2,075 price has not...
The DAX, Germany's leading stock market index, is experiencing a downturn due to several factors. Global economic uncertainty, inflation concerns, and fears of higher interest rates are weighing on investor sentiment. Additionally, weaker-than-expected corporate earnings reports, especially from key sectors like automotive and manufacturing, have further...
Here’s an intraday setup on CADJPY that offers a learning opportunity by diving into the thought process behind the trade. Let’s break it down! Current Overview: - Key Support Level: CADJPY has shown support on the intraday timeframe, presenting a potential bounce scenario. Trade Setup: - Entry Price: 103.88 - Stop-Loss: Placed at 103.23 (include our...
In this video, i went over the main reason i entered a short on EURJPY and my technical process and target. I also go over what i will be looking out for on the pair and also on GBPUSD
NASDAQ:GCT With strong fundamentals we know the price distributed to the lowest prices in over a year. It is now cognizable to construe this as a false bear pattern which has quickly evened out into a butting bull play, especially for a very cheap option with possible, exploding volatility which can be on the rise any day. Look at supply / demand zones,...
🔹 Dragonfly Doji formation 🔹 Reversal from Support at 1.0850 🔹 Close above 1.0886 to confirm a Morning Doji Star 🔹 Next Resistances: ➡️ 1.1058 ➡️ 1.1148 Keep an eye on the breakout direction! 📈
NASDAQ:COIN We extrapolate the COIN facts that we can foresee price growth in the over-splendid crypto arena, but today might not be one of the memorable. In-fact, it will be so boring for you today, that I created this funny, proverbial, metaphorical stock chart to depict, denote, and serve a connotation to your experience. We hope you enjoy this art. Trend...
Here’s an interesting setup for all you counter-trend traders out there. A Bullish Butterfly Pattern checkback could provide a solid buying opportunity. Let’s break it down. Current Overview: - Bullish Butterfly Pattern: This pattern is setting up a potential buying opportunity for those looking to trade against the trend. Strategy: Entry: Look to enter...
SOFI fell to test old resistance level as support. While it did put in a lower low after the higher high SOFI is now back out of the previous channel showing a bullish three rising methods candle pattern.
NSE:ALLCARGO trade @ 71.40 Suppport @ 58.50 Resistence @ 78.50 on the chart seen a higher volume breakout. You can watch it as a Next Resistence @ 98
If you’re looking for a second chance to short EURUSD, there’s a promising setup involving a Type 2 Bearish Shark Pattern with RSI Divergence. Let’s break it down. Current Overview: - Type 2 Bearish Shark Pattern: - What It Means: The first target has already been achieved. This provides clarity on the first target but might reduce participation since the...
We ran into some tech issues, and we will work with the live stream provider in the coming week. Anyway, there isn't much for us on GBPCAD. The Higher-Timeframe, Weekly and Daily chart is showing a bullish trend, however the 4-hourly and 1-hourly chart is on a bearish trend. Key Resistance level at 1.7634 Key Support level at 1.7467 Given a choice, any of my...
These price levels are dangerous for retail traders. They are highs and lows of price strucutre. They are walls where price has bounced mutlitple times. They are prices where some traders may begin to chase price in attempt to catch the trend and not miss out. At the same time, they provide great entries for mean reversion traders. Watch and Learn and safe trading.
I wanted to share an interesting setup on NZDUSD that’s been forming for a while. Let’s dive into the details! Current Overview: Bearish Shark Setup: Potential Reversal Zone (PRZ) : The setup has been hovering at the PRZ, which some traders might misinterpret as a violation. Key Insights: Having the Right Knowledge Matters : From my 19 years of trading...
This week, I’m focusing on buying opportunities more than shorting. Here's a key level and some important advice if you’re trading Japanese Yen related pairs. Current Overview: - Key Level for Buying: 1. Support Level: 153.45 2. What to Do: Wait for a Magic Candle Confirmation at this level to enter a buy position. Important Event Alert: - Date: 31...
If you're looking for a buying opportunity on GBPUSD like I am, there’s an exciting setup to keep an eye on. Current Overview: 4-Hourly Chart: - There’s a Bullish Shark Pattern nearing completion, which is a great setup for a potential buy. Buying Opportunity: Bullish Shark Pattern Completion: - Key Level: 1.2807 - What to Do: Wait for the Bullish Shark Pattern...
The SPY chart exhibits some key technical aspects worth noting. On the daily chart, the price action has recently tested the double support area around the 21-day EMA and the 550 level. This confluence of support has provided a temporary floor, allowing the price to bounce back. However, if SPY misses this key support level in the future, it'll officially trigger...
Here’s an exciting update on USDJPY, which has something for both short-sellers and those looking to buy. Let’s dive in! Current Overview: - 4-Hourly Chart: - There’s a sell zone, but the overall movement of USDJPY is on a bullish ride. :chart_with_upwards_trend: Shorting Opportunity: - Key Level: 157.69 - What to Do: If you’re looking to short, watch for a...