XAUUSD- GOLD BUYXAUUSD Which is Gold has broken the Rectangle Pattern. We could see a clear target of 2528. And if it sustain it then we could again see a good rally from this level. Also the War will increase the price of gold.
Rectangle
Bearish SLP until? Good morning here in PH! After checking the SLP on the H4 chart , I noticed that there's a double top that happened and begin to analyze. Going down to lower timeframe of H2, we can clearly see that it is indeed what we're looking for and has been retested on the neckline.
Going further on the lower time frame, the candle stick is going down. Let's see what'll happen next :)
Note: This is just an analysis based on my learning not a professional signal. I'm still learning. Comment down below your other suggestion to improve my skills.
Lesson from my WINS August 22 2024I go over my trades from today I made $50. I started off with a bad trade but started using the 10 and 15min charts to confirm with the 5min more and it paid off and I had some good trades. I still need to be more aware about when to hold or let my runners run. Over all I am happy with today I felt a lot more patient and disciplined while waiting for my levels and confirmations with volume.
SOLUSDT Rectangle Pattern FormationSOLUSDT Technical analysis update
SOL has been forming a rectangle pattern for the last 170 days. The price is now approaching the rectangle's resistance, indicating a potential breakout. If the breakout occurs, we can expect a strong bullish move in SOL, with the price possibly reaching $500 in this bull run.
In day chart 200 EMA act as a good support for SOL
A similar pattern formed at the bottom, where the price stayed within a rectangle for 280 days before breaking the resistance and surging 600%. We could see a similar move once the current rectangle is broken.
Regards
Hexa
MA Ready for Bull RunDaily Chart of MA
MA was consolidating for four months since April.
In end-July, MA tried to break off this consolidation with a big gap after earnings. However, the overall weak market brought it down.
After filling the gap on 5 August, MA made another attempt to break off the consolidation.
On 15 Aug, MA made a continuation gap to break above the resistance.
MA is now ready to move higher.
w top tp then cun handles l2 (week) mtf day S2-3
i wanna sel; in
on day range chart
w top then L2 handles
inside Day range br down S1-2
mn up pwbb
week up pwbb - tp done
day range
3lot position 2100000
09:36- pennat br up 5m RS up L3 to Range top09:36- pennat br up 5m RS up L3 to Range top
wee
LONG SCAL day trade JP225 sync
MN UP PWBB
W down
DAY
4h pwbb up
15m pennant br up RS L3
09:36- pennat br up 5m RS up L3 to Range top09:36- pennat br up 5m RS up L3 to Range top
wee
LONG SCAL day trade JP225 sync
MN UP PWBB
W down
DAY
4h pwbb up
15m pennant br up RS L3
AUDCHF: Bullish Trend Continues 🇦🇺🇨🇭
AUDCHF is trading in a bullish trend on a 4H time frame.
After quite an extended bullish wave, the pair was consolidating within
a horizontal range for some time.
The resistance of the range was broken yesterday.
It is a very important sign of strength of the buyers for us.
I think that growth may continue, and the market will reach 0.58 level soon.
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GBPCHF: Multiple Time Frame Analysis & Bearish Outlook 🇬🇧🇨🇭
GBPCHF may retrace from a key daily horizontal resistance.
The price formed a triple top pattern on that on an hourly time frame
and just broke its neckline.
We can expect a retracement at least to 1.118 level now.
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4h RANGE inside LONG NY 20240814-15TYO4h RANGE inside LONG NY 20240814-15TYO
Day RANGE
WEEK RANGE
4h
RANGE
RANGE br uop then LONG (N dow)
MTF= day 4h = 60m N dow or 30m N dow L2
or
8/14 NY LONG swing
USDCAD ShortUSD/CAD Analysis on 1H Timeframe
Current Trend: Downtrend
Pattern: Bearish continuation pattern
Divergence: None observed
The USD/CAD pair is currently in a downtrend on the 1-hour timeframe. A bearish continuation pattern has formed, suggesting that the downtrend is likely to continue. Additionally, there are no divergences present, which reinforces the bearish outlook for USD against CAD on this timeframe.
GOLD (XAUUSD): Still Bullish Outlook
As I predicted on our Wednesday's live stream
Gold keeps going up.
Analyzing the intraday price action, I spotted one more bullish confirmation.
This time the price violated a support line of a wide horizontal range on a 4H time frame.
We see a positive bullish reaction after a retest of its broken upper boundary.
I think that the market will reach 2450 level soon.
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GOLD (XAUUSD): Time to Buy📈Gold broke a significant intraday resistance level and closed above it.
Following the breakout, the market entered a period of consolidation in a tight range on an hourly chart.
A retest of the broken structure led to a bullish movement and a breach of the range's resistance.
This provides a solid confirmation of a bullish trend. I predict that the pair will soon reach the 2450 level.
DODOUSDT Rectangle PatternDODOUSDT Technical analysis update
DODO's price has been trading within a rectangle pattern for the last 840 days and price has now dropped again to the box's support level. we can expect a bullish move from the current rectangle support level.
Next Target is $0.35
Stop Loss: $0.078
Regards
Hexa
What is going on with JPY?!?!Hello traders! for those who trade fundamentals can you explain to me what is going on with JPY I've been seeing a lot of triangle/flag pattern on most of the pairs with JPY.
Will we be seeing bullish market on JPY?
USDJPY:
EURJPY:
GBPJPY:
AUDJPY:
CADJPY:
NZDJPY:
We have 6 trades that look the same, it is clear that there is a pattern here no doubts but what could this mean for our Japanese Yen??
COCOA LONGCocoa (ICE) price oscillated in a rectangular pattern. Price finally made a breakout, after the breakout the price retraced because it hit the 61.8% golden ratio Fibonacci level (not plotted in this chart), then continued its path upwards.
After measuring the rectangle height, I projected it to define a possible target of 9636 or so.
Then I corroborated this with an ABCD pattern projection, of CD being 161.8% of BC, and having a target of 9636 too.
Dow Jones Index (#US30): Your Trading Plan Explained
Dow Jones is currently stuck on a key daily/intraday horizontal resistance.
The price is trading within a narrow range on that on a 4H time frame.
Your confirmation to sell the Index will be a bearish breakout of the support of the range.
A 4H candle close below 39325 will confirm the violation.
A bearish continuation will be expected to 38890 then.
Alternatively, a bullish breakout of the underlined blue resistance
will push the market higher.
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Support flipOn my previous analyses I looked at the possibility of this pair to continuation in direction to the upside but price broke the recent support and flipped making a new support. I am keeping eye on a possible retracement to the recent resistance (flip) where that could be a new high or lower high 0.54485,
EURGBP: Intraday Bearish Pattern 🇪🇺🇬🇧
EURGBP has a nice potential to continue falling.
After a strong bearish wave, the pair was consolidating
within a horizontal range on an hourly time frame.
The support of the range was broken this morning.
It indicates the strength of the sellers and a highly probable
bearish continuation.
I think that the pair may reach 0.8543 level soon.
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AWAY has broken out of the rectangle and is ready to RiseAWAY was in a trading range and has broken out of the trading range and is ready to rise to the previous highs
GOLD (XAUUSD): Important Supply and Demand Zones to Watch
Gold closed in indecision this week, respecting 2 supply and demand zones.
The price went rejected from an expanding supply zone based
on a resistance line of a rising parallel channel and a horizontal resistance.
The market also respected a horizontal demand zone based on
a horizontal support cluster.
After the market opening, I will monitor the reaction of the price to these zones
and will look for trading opportunities from there.
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Dow Jones Index (US30): Intraday Bullish Signal?!
Update for the yesterday's setup on US30.
Earlier, we spotted a confirmed breakout of a key daily resistance.
After that, the market retested the broken structure and started to
consolidate within a narrow range on a 4H time frame.
The resistance of the range was broken this morning.
It is a strong intraday bullish signal.
Growth may continue to 21250
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