Double Top or Bottom
AUDUSD LONG Market Structure Bullish on HTF
Weekly Structure is Bearish
W Formation on the Weekly
Weekly Bullish Engulfing
Weekly Rejection at AOI
Daily EMA Retest
Entry At Daily AOI
Around Psychological Level 0.65500
Rejection at Daily AOI
H4 EMA Retest
H4 Support at Entry
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: Manage Your Risk
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GOLD 2618 TRADE AFTER CPIGOLD 2618 TRADE AFTER CPI
Hello Guys, Long time no see
After CPI data, Gold break down 2340 and fell
to 2319, Now the price pull back to 0.618 level
which is great place to short!
Aim 2290 and 2200
SL above 2360
FED is unlikely to cut the rate before Sep
DXY will be strong in the next few months
Bitcoin Bullish Parallel Channel - Bearish in the short termBitcoin has lately experienced a “winding down” of the bullish vibes in the market, so it makes me think it’s the type of feeling you get right before a big move. Because of how the indicators are positioned, and how bullish and cautionless the market currently is, I expect it to dump to new lows.
As shown in the chart, we're in a bullish parallel channel, and I expect BTC to dump to the 57k support level, and then retest the ATH at 73k. It also shows two tops, so it can be argued that the current state of the market lies in a double top pattern.
Additionally, it seems there is a bear flag pattern formed in which the price currently lies in.
Timeline for the dump and the upcoming bottom is about two weeks.
Also, not shown in the chart, but Weekly RSI is in an extremely overbought position, which is extremely bearish when looking at the big picture.
Candle
I expect the retracement to start within the next 48h.
GBPAUD LONG UPDATE newyork sesshYesterday i called put gbpaud early and got in longs after i seen daily rejections. when i placed the trade my account was sitting at $369 in the last video now im back at stage one from silly mistakes again but im still long on gbpaud will attach yesterdays video and keep you guys updated during new york session
Silver Forecast 2024 to 2025 RecessionSilver is following different fractals. Once it breaks out like 2000 or 2008 it enjoys a nice rally. Here I placed the 2008 Fractal which can give us a Target around 34-37$ but the Recession in USA has been pushed out to 2025 which can give a big haircut of 30% Drop to 22-18$.
Then Load up the truck. imho
Bullish Signals Appear In The Automotive Sector**Heads up, everyone! ( NASDAQ:TSLA ) just bounced off a critical support line dating back to 2020. Not only that, we're seeing a bullish double bottom forming and RSI divergence hinting at a potential trend reversal. **
**This bullish sentiment isn't just for Tesla. My TA on NYSE:KMX and NYSE:F are also showing strong buy signals. Could this be a sign of a broader auto stock rally fueled by overflowing market greed? **
CADCHF Quick sell 1:3 Risk reward ratioI took a sell on friday on cadchf and i am currently in a draw-down on one of the trade but i strongly believe that the trade would drop from here because there is alot of head and shoulder patterns on multiple time frames suggesting it will drop and alot of confluences. I entered another trade again on a smaller timeframe again with fewer pips risk to add to my position.
I see cadchf dropping all the way to that juicy zone down there
Let me get your take on this signal and kindly follow and leave a boost thanks!
Potential double bottom on 3ullThere is a potential pivot here in the free falling 3ull that broke down from the greater wedge. I thankfully took my initials out on the pump with some profits. My plan is to hold this for the next big multi-day move and likely exit as I have not liked the momentum fall off. I would rather just hold AVAX. This is a lesson in why covering initials on many plays is very worth while, losing money is worse than losing out on some gains.
EURNZD SELL/GBPUSD BUYBoth trades were taken at work during london session. EURNZD was taken based on a structure change which showed selling pressure and GBPUSD was taken based on daily structure changes which is a stronger confluence confirmation.
*GBPUSD was taken with 0.40 lot size on my $106 account
*EURNZD was take with a 0.50 Lot size on my $106 account also