Gold has seen a big sell-off towards the regions of $1763 and seems like it's formed support here. There has been a 1.57% drop in price over the last 2 days and markets are very volatile right now. The RSI levels are oversold at 24.45 and considering the volatility of the market, a price increase to the target of $1785 resistance zone seems likely. Tomorrow a heap...
Gold: After dropping down to the $1781 area yesterday evening, Gold managed to climb towards $1798 before consolidating. The RSI levels on the daily chart remain oversold, currently at the 8.32 levels. On the 1hr time frames the recent candles that have emerged show to have decent buying pressure. It looks like the price will move up from here at test the...
USD JPY has just had a 0.98% correction since yesterday, with the price now trading under the 113 levels. It appears that the price has found some stability at the 112.8 area, the last time the price fell to this zone there was a decent reversal in price. The 1hr RSI levels are currently in oversold regions which indicates that a move to the upside could be...
Last week USD/JPY fell by 1.98% towards the 113.1 area. This occurred after USD/JPY made new yearly highs of 115.221. The price has stabilized at the support zone off 113.420 which, if holds could mean an increase of price from this point. The 4hr RSI levels are also oversold (22) which complies with this analysis. The target of this trade is at the resistance...
GBPCAD has risen by 1.58% towards the levels of 1.70405 in recent days. However, the price managed to make lower highs and fell to the price of 1.689. Some support has been created at this level, which has formed exactly on the 0.618 Fib level. On the 4hr chart, the RSI levels are very oversold which indicates that there is room for GBP to rise. The target for...
AUD CAD has just had a 0.45% sell-off towards the area of a key support zone, (0.90934). The price was previously consolidating for a period but then broken through the support level of 0.9138. This level is now the resistance zone and the target for this long entry. The RSI levels are very oversold on the 4hr chart which complies with the long entry. The support...
This zone is magnet for now. I think this is high confluence zone
*This is not financial advice, so trade at your own risks* *My team digs deep and finds stocks that are expected to perform well based off multiple confluences* *Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management* If you take the chance to review our previous works, you may have noticed a...
The first question i always ask myself is "who is in control of price?" that way i can analyze my trrading from a price action point of view. So, who is in control of price on this one? First we have a bearish trend followed by a tiny pull back and then an indecision candle which tells us that the bearish power might transitioning to the bulls. Of course i...
I believe i have a pretty good set up on this trendline break. Going to wait for a retest of trend line get in on possible long position.
Here I show what I believe to be a good short-term entry for quick profits on xrpusd as long as we get the retest. The bounce with indicate a lead to confirmation towards more upside. Of course, it's always the next few minutes that determine the next few minutes. With that said, no financial advice, Safe Trading!
Yesterday I briefed on JPM, stating that it was a potential buy depending on if it holds its support. It is holding it fairly well while also indicating some other buy signals. This leads me to conclude that I believe it is in a buy zone and has a price target of 160(upper Bollinger Band). Bullish Signals -Weekly Reduction in selling momentum -Resting Around...
Forming a mis-shapen cup & handle, two recent big pumps but still trending sideways in a consolidation range. Pretty good entry if you're not in already, looking to re-test recent highs. I like ALGO because of the simple 6% interest w/o lock up, long term this should be banger, adoption presently a bit light but big things expected in the future.
trade at your own risk - not financial advice
take that entry if we see another <.03 DCA your entries moving down or risk missing another .037+ run.