REC looking bearish nowREC is looking bearish now. It has reached the top of the parallel channel. It is expected to start declining from here all the way to the bottom end of the track, it has been travelling into for over the years.
Rectangle
GBPCHF: Bearish Rally Continues 🇬🇧🇨🇭
Update for GBPCHF.
We spotted a confirmed bearish breakout of a support of a horizontal range on a daily.
After a deep retest of a broken structure, we see a strong bearish reaction.
The fall will most likely continue, at least to 1.094
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Crude Oil (WTI) Prepare to Short Next Week 🛢️
Crude Oil is very close to a broken support of a daily horizontal range.
72.2 - 73.0 is the area, from where I will anticipate the next bearish wave.
Let the price test the underlined yellow structure and wait for a confirmation
to sell from there.
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CRUDE OIL (WTI): Intraday Bearish Signal?! 🛢️
WTI Crude Oil keeps falling.
After a completion of a correctional movement, the market dropped again
and violated a key horizontal support.
After a breakout, the price formed a narrow horizontal range on an hourly time frame.
Its support breakout is an important intraday confirmation.
We can anticipate a bearish continuation to 67.3 level now.
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GBPUSD: Technical Outlook Ahead of FOMC 🇬🇧🇺🇸
Price action analysis for GBPUSD.
Important key levels.
Potential scenarios.
Trading recommendations.
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NASDAQ INDEX (US100) Bullish Rally Continues
US100 successfully violated a resistance of a horizontal range on a daily.
Taking into consideration that the market is trading in a strong bullish trend,
such a breakout confirms a highly probable trend continuation.
Next resistance - 16500
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NAS100 TECHNICAL ANALYSISMy POI is the level 16017.4, is the level where I will be more interested in buying NASDAQ, and I will be more focused on how the market will react.
Note :that the market is in a range in higher timeframe like H4.
EURGBP - will the bears win?EURGBP sell - Strong sell on technical indicators. Breakthrough of a rectangular continuation pattern. TP set up using trend based Fib Extension @ 0.618 level. Will use 15m TF for entry.
licwooo
stock at best level to add
volume, helping stock move up
market is bullish, so may get stock help
quantity must be maintained and accumulate at dip
no recognition for buy and sell
Canara bank - Consolidation breakout and retraceCanara bank is giving a positive sign in a storm before silent manner. Forming a inside bar with consolidation breakout and retrace.
PS: Little risk trade
Entry - 336.7
Target - 430.5
Stoploss - 285.5
US30US30 trading in a range and I will be waiting for a breakout for both sides of the rectangle pattern which is now in play.
CRUDE OIL (WTI) Bearish Trend Continues 🛢️
Crude Oil dropped yesterday, as I predicted.
In fact, the market is trading in a bearish trend on a daily.
A breakout of a horizontal support of a wide horizontal range
was a strong trend following signal.
The next support that I see on a daily is 67.5.
It will most likely be the next goal for the sellers.
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NAS100 TECHNICAL ANALYSIS Today is NFP and anything can happen, but according to my analytics that am using, which is universal to everyone, PRICE , PRICE MOVEMENTS , I would like to see a pullback to a Fib level 61.8 which perfectly fit with the previous resistance which is about to turn into Support if the level Holds.
If not then I will be buying at the support level, why? Because the Index have 2 weeks in range, no clear move, and will apply the simple approach or rule of thumb which say's "BUY LOW & SELL HIGH", in this in case, according to my understanding when the price is at support, with the right tools one always have a chance to buy.
GBPCHF: Important Breakout 🇬🇧🇨🇭
GBPCHF broke and closed below a support of a wide horizontal range on a daily.
To me, it is an important sign of strength of the sellers.
We may expect a bearish movement at least to 1.094
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NZDUSD: Classic Range Trading 🇳🇿🇺🇸
NZDUSD is trading within a wide intraday horizontal range.
After the test of its support, the price bounced and violated a resistance line
of a falling wedge pattern.
To me, it is an important bullish signal.
We may expect a bullish movement to the resistance of the range now.
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NAS100 TECHNICAL FORECASTHere I explain my forecast for Nas100,:
For short position I will be looking for break of the support and a clear retest and find entry, and my target for short position will be 15560.0 level.
For Long position , I am more interested on how market will react on the current support level, taking into consideration momentum, price action patterns and rejections I will be looking to buy the market at the support, using the basic law of trading which says " buy low and sell High" right now we are low at the support leve1.
CRUDE OIL (WTI) Bearish Trend Continues 🛢️
Crude oil is trading in a bearish trend on a daily.
After a long-lasting consolidation within a horizontal range,
the market violated its support on a daily and set a new lower low.
Retesting the broken structure, the market started to coil within an intraday range.
Its support breakout gives us a strong intraday confirmation.
A bearish movement is now expected at least to 70.7
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AUDUSD SHORT MOVEMENT Here is what am looking forward for AUDUSD,
For Short position , I will wait for price to break 0.65500 key level and wait for a clear re-test and sell until 0.65300
For Long position , I will wait for price to break 0.66000 key level and wait for a clear re-test with some confirmation and buy until 0.66200.
SHYAMMETLStock has given a range breakout with good volumes. Wait for a pullback for entry
Note- Trade as per your analysis
AUDCAD: Important Breakout!↪️AUDCAD was consolidating for 14 days in a broad flat trading range on a 4-hour chart within an ascending channel pattern.
The price has ultimately breached and concluded below the support of the range this week.
I think that the pair might decline now...👍✅️
Bitcoin (BTC) headed to 44k followed by 32k then back up againFair value gap suggest we have some strong liquidity magnets up above us at the 44k area.
I see no reason why those cannot be easily filled given the momentum we have.
Following that, I anticipate a violent shakeout back down to the 50% retracement of the the weekly fvg (cyan) at 32k before resuming course for new all time highs by or on May 2024.
One interesting thing to note is that there have been 2 major weekly FVGs since the pico bottom on Nov 2022 and they have both held extremely well and gave people a very high probability setup to enter long.
We will get another entry on the bull FVGs coming up.
Xauusd(BULLS)Xauusd ranges 450pips+ within 1470days
Of which mitigations occur in the higher highs ... to lure in the movement across to the 2200's .. the Next expectancy of the market's movement is to give a retest on a weekly breakout within the few days remaining for the last quarter of the year .on the other way round 435 point in price more rally is foresighted according to REFINED FUNDAMENTAL ANALYSIS
