The potential downside of gold hey traders
In today's session, we are looking forward to gold for a Selling opportunity if I get a clear break of the level of 1699.800
Trade is executed
Correction
GBPAUD - Fibo levels & Fake breakoutHere we explain further an analysis we dropped yesterday on GBPAUD.
We said that the pair is showing bearish behavior and mentioned that it should go further down to buyers liquidity level, however the pair rebounded upward shortly after. We immediately updated that it was a mere correction and this video explains how and why.
We hope you find this useful.
Love, Lacasafxfamily
Bank Nifty futuresDaily chart of Bank Nifty Futures
The Manual trend is bullish, and the candles are trading above 200 EMA which is bullish as well, but the resistance has been respected twice which makes the resistance strong one.
The pattern somewhat looks like a bearish double top as of now, but nothing is confirmed yet.
I cannot find any proper support above 37800 which means that the gap opens for almost 4000 points. Sounds huge but nothing that we haven't seen before.
Also, there is a slight bearish divergence which is a cherry on the top.
Bank Nifty has been in focus in the last week, and it wouldn't surprise me if the bulls are trapped soon.
*Disclaimer: I am not taking any trades as of now. My principle is to be with the trend. I will buy when the time is right, but I will not sell against the trend.
ETH update (H&S pattern awaiting confirmation-s?) In this chart I have drawn a channel containing and highlighting the H&S pattern developed by PA. the first shoulder and the head developed as a double top, and the second shoulder as a confirmation for the double top.
Now the last thing to wait for is a confirmation of the H&S pattern. I see two possible scenarios, the first one with one confirmation and then dump, which honestly I see as unlikely to happen.
Usually PA has a fractalic behavior, which makes me think that we are going to see a double confirmation on the H&S pattern similarly to what happened in the case of the double top, with maybe a smaller H&S pattern developing under the channel as a confirmation.
GBPUSD getting ready for next impulse?Just monitoring current correction phase on GU and also DXY. Think the Dollar still has some legs in it and will target the lows. Just keep monitoring order flow and go with the market. Good luck Traders!
XAUUSD ANALYSIS hello traders
The IMPULSE wave for gold is bearish and there is an expanding correction pattern. It is expected that we will get another Bearish Impulse wave that will reach the demand area.
XAUUSD LONG hello traders
We have Bullish Mometum
and correction Bearish movement
We may get another Bullish momentum
An update on the short-term and longer-term levels for the S+PThe market is correcting higher within the confines of an overall bear trend.
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The next sell levels on EURUSD On Friday we had a bullish impulse on EURUSD that took price to 0,9966.
This move will most likely continue towards 1,0050.
These will be the next levels where we want to see rejection i potential selling opportunities.
This week, we have important news that are going to affect the market again.
XRP / USDT LONG hello traders
We have a strong bullish impulse for the ripple cryptocurrency and the sellers reaction is corrective, another bullish wave is possible.
So we are looking forward to an opportunity to buy XRP
APE / USDT LONG hello traders
There is still momentum for buyers
Cryptocurrency APE
And the reaction of the sellers is corrective, and there is a possibility that there will be another upward wave
So we are looking forward to a buying opportunity for APE
C weekly bullish hammer at MRC bottomBuy Stop 45.08 LMT 45.08 GTC
Sell Limit 56.40 GTC
Sell Stop 35.62 GTC
C weekly bullish hammer at MRC bottom ABC correction seems complete expect at least retracement for wave 4 downtrend or maybe reversal.
USDCAD November 2022 correction? Indices at the moment are untradable for me so I looked into fx to see what can be expected there.
USD has been rallying for a while, it needs deeper correction at some point. If it happens, it will have plently of room to upside.
LNG daily break of the up trendline B wave correctionOrder SELL LNG AMEX Stop 168.63 LMT 168.63 will be automatically canceled at 20230401 01:00:00 EST
LNG daily break of the up trendline B wave correction there's nothing in our way.
BIIB daily bearish hammer end of wave 5 expect correctionOrder SELL BIIB NASDAQ.NMS Stop 278.12 LMT 278.12 will be automatically canceled at 20230401 01:00:00 EST
BIIB daily bearish hammer end of wave 5 expect correction at the very least
EUR CHF Analysis Hey Traders
The current impulse wave of EURCHF is bearish, but we have a bullish wave that has not closed, so we expect that we will get a bullish wave that may end at the supply area and then we will get another bearish wave
GOOG monthly end of wave 4 ABC correctionBuy shares of GOOG Stop at $97.28
GOOG monthly end of wave 4 ABC correction I think that's it.
UPS daily bearish engulfing hammers wave 5 of wave COrder SELL UPS NYSE Stop 165.76 LMT 165.76 will be automatically canceled at 20230401 01:00:00 EST
UPS daily bearish engulfing hammers wave 5 of wave C take profit to MA 200 weekly and that's may be it for UPS correction.
EUR NZD LONG TRADE hello traders
In today's session, buy EUR/NZD, target supply area
Analysis
There is a break in the wall of the sellers with an impulse wave and we have a correction, so it is expected that we will get another impulse wave
