In the U.S., the JOLTS job openings decreased by 237,000 in July compared to the previous month, dropping to 7.673 million. This marks the lowest level since January 2021. Following this data, expectations have increased that the Federal Reserve (Fed) could reduce the policy rate by a total of 125 basis points across its three remaining meetings this year....
In this chart we mark support & resistance grid lines, which help us to decide entry & exit point of the trade.
EURUSD is exhibiting a sideways movement on the weekly chart. Here are two potential trade opportunities: 1. Buying Opportunity: - Wait for a retest of support at 1.0847 for a potential buying opportunity. 2. Shorting Opportunity: - Look for a shorting opportunity on the Bearish Shark Pattern at 1.0893. What's your preferred trade plan for EURUSD?
USDJPY's Weekly chart confirms the presence of a Bearish Fib-3 Bat Pattern, signaling a potential trading opportunity. One approach to engage this trade involves patience, waiting for a break and close below 146.66 on the 1-hourly chart. Upon confirmation, I plan to enter the trade, anticipating a significant pullback or a setup aligning with the bearish...
From my previous analyses, EURUSD continues to accumulate to the upside. Here is a possible entry for a bullish continuation to take out the previous swing high. Chart image:👇
Trading on the Euro Yen has been on a bullish trend, with some market consolidation due to the over-extended movement. To take advantage of this trend, we recommend buying at support and selling at resistance, which can potentially produce a profit potential of 170pips on the 4-hourly chart. On the daily chart, we have just broken the very aggressive and trending...
Ever wondered about the intricate tango between bulls and bears in the trading world? 🕺💃 Let's take a peek at the Euro-dollar's current moves on the weekly chart. While the bullish trend has held its ground, recent weeks have seen the bears making their mark. But, there's a key level – 1.0637 – that holds the secret to shifting the scene. A break below this...
On the weekly timeframe, OANDA:GBPUSD has come back down to previous resistance turned support AND the line of an uptrend. What do we think? Personally, I am short. Last week's indecision candle was met with higher than normal volume followed by a continued selloff. A break below could mean big red soon.
Hello everyone, I invite you to check the current situation on BTC in pair to USDT, taking into account the interval of one hour. First of all, we will use the blue lines to mark the uptrend channel, from which the price exited at the bottom and entered the downtrend channel formations. What's more, very often the exit from the channel is close to the size of the...
The weekly chart shows a solid support level at $1919.36 and resistance at $2016.26. Excitingly, a Potential Bullish Flag Pattern on the 1-hourly chart signals a potential buying opportunity at $1954.80. Brace yourself for a substantial market movement! 🌟💰 Personally, I'm keeping an eye on a Bullish Fib-3 Bat Pattern forming at $1951.93, with a stop-loss set...
💲 Despite my Dollar Bias, all eyes are on US Secretary Treasure, Ms. Janet Yellen's upcoming speech in Bloomberg. Analyzing her insights could confirm the dollar's bullishness for the year ahead. 📈 On the Daily Chart (right), there's an outside bar on the support line. Patient traders await one more day's candlestick before deciding their next move. 📉 If you're...
🔍 Let's explore the current outlook on USDCAD from two different perspectives. 📉 The major break of a key support level suggests a bearish sentiment in the market. I'm inclined to take a shorter position, and I'm patiently waiting for a retest at 1.3305 for a potential shorting opportunity. 🕰️ However, if you have a different view, on the 4-hourly chart, there...
📉 This week, I'm keeping a keen eye on a counter-trend trading opportunity for USDJPY. I'm patiently waiting for a potential shorting opportunity at the Key Resistance Level of 142.96. ⚠️ However, it's important to note that despite this shorting opportunity, my overall bias remains bullish on the US Dollar. This week appears to be a retracement week in the...
🔍 Take Note! This week's market may experience a retracement, and my focus is on a potential shorting opportunity at the resistance level of 1.0987. Stay tuned as we analyze the charts and identify the optimal entry points for profitable trades. Let's navigate the retracement together and seize the right opportunities! 💪📉
Please read entire description! Bearish Wolfe waves forming inside an ascending wedge on the daily timeframe charts of the dollar currency index. We have entered the monthly resistance band of the ascending parallel channel on the monthly charts and we have reached the top of a channel that we have been trading inside on the daily chart. We are approaching the...
Hello everyone, let's look at the SOL to USDT chart on a 4-hour time frame. As you can see, the price has returned above the local downtrend line. Let's start with the support line and as you can see the first support in the near future is the zone from $22.07 to $21.65, if the support is broken then the next support is $21.32 and below we have the second zone...
This is the kind of trading setup that I used to shout! FREE MONEY!! It's a sideways bounce formation; as the name implies, I expect the market to bounce between the two zones, the red and blue zones. The profits are pretty good, given that it is a 15mins chart, it produces a potential of 56pips(approx 560usd/lot). With that, risk management is essential. Don't...
On the Weekly Chart, the candlestick paused and reversed on the Key Resistance Level, and because of that, I have a Bearish bias on the GBPUSD trade. Two levels of trading opportunity present themselves on the 1-hourly chart. Structure-based setup, where the resistance level sits at 1.2222 or a Bearish Shark Pattern trading setup that completes at 1.2329.