Technical-analysis
GBPUSD More Bullish MovementSince March of 202, the GBP has been in a steady upward channel carefully respecting the trendlines above and below. Looking for more upward movement to form a double top before we begin to look for opportunities to the downside.
XAUUSD Short OpportunitiesLooking for downward movement to take advantage of short opportunities, unless we see a break above the resistance zone, we're looking for shorts.
EURJPYAfter the market has inhaled, it is bound to exhale, and I was thinking that this would be the way it does. The JPY, after some time of being dominated might wanna fight back, hence push the market into a bearish trend
REEF/USDT (Not a Financial Advise)REEF repeating its past and making the same pattern and according to it its will Pump Again. Keep an Eye on It.
BNB Month Of April (Not a Financial Advise)Binance Coin (BNB) Breach its Current Resistance and going up in 4 Hours Chart. Keep an Eye On It
Gold Good Shorting oppourtunity?First of All thumbs up to all the traders who followed my call to sell gold from 1743-1752 area all the way up to 1680-1670. Currently hedge funds from January has closed massive long positions from 349,946 to all the way up-to 262,774. As a result we can see massive downtrend on gold so far.
At the moment Gold had a pretty big crash from all the way from 1752-55 area to 1675 bullish reversal zone and it is pretty natural to expect a strong correction at this point followed by Biden US economic plan. Now the gold is retesting the strong selling zone 1715-1722 where we can see some bear pressure. Above 1728 is a bit risky but I think it is very less likely because of bearish pressure.
Technically Gold has just retraced to 61.8% of fib level at 1713.91 of daily impulse zone which is current selling resistance at 1711-1715 if broken above 1722 is the next resistance where we can expect consolidation between 1706-1722 area.
Overview: I am operating my selling orders from 1715 and 1705 with SL 1728 as I have already achieved twice my Monthly Target A small loss would not bother me much . My Initial target remains the same 1670 whereas 1650, 1620, 1588 are my follow up targets . I will be only looking for longing opportunities from 1588 area.
USDMXN My ViewThis is what I see what I see from the daily perspective, a small flag formation signaling a potential impulsive move to the downside. I anticipate a long term downwards movement and preferably enter at current market price.
Let me know what you think.
GBPCAD SHORT OPPORTUNITYIf you're a chart pattern trader, you'll most likely be able to spot what looks likes downwards channel which we anticipate a short move to the downside. A multi-timeframe analysis should give sufficient confirmation for a sell setup. You may decide to enter at current market price or set your pending orders below.
My preferred timeframe of entry is the 4 hour timeframe.
Any comments, suggestions or contributions are welcome. Have a lovely weekend and look forward to a new pipsful trading week ahead.
Gold might go bearishIn a market where the strength is on the seller's ,once we see a corrective wave approaching a key level or a previous support we are likely to see that support turning into resistance.
$AMC Technical Analysis1D Chart - Fib Retracement (Entry Points) & Feb Extension (Price Targets) along w/ RSI and 2 MA's (50 & 100 Day)
$TKAT SOARED! WHATS NEXT?!Video breakdown on $TKAT after a parabolic run! Filled at 7.50 for an amazing run
Even Better than Elliot Wave!Short term: Waiting for a wick down to ~51000. After that... Its gonna be MORE THAN HUGE!
Stay Tuned...
ACC BUY Entry Generated. INTRADAY TRADE for 12th MarchHello When we see ACC on 15 Minutes & 5 Minutes we can see there is a clear Triangle which can be traded in on the breakout of the triangle.
Point 2 . When we try to see the wave pattern. We can see that its forming the Impulse wave I mean 1st wave of Elliot wave and when we mix both Triangle & wave we can see that it could give better result.
Now Coming to the point. ACC is bullish on Charts on 15 & 5 Min.
Stop loss is the point where we can stop our losses and rethink on our position.
Regards;
A Student Of Market.
USDJPY Prediction (Bearish)Technical Analysis setup :
1) Overbought (timeframe H4)
2) Supply and demand zone. Fresh area (timeframe H1)
3) QML
4) Resistance area
Campbells Long IdeaRange bound asset, Near the bottom of the range. Would not mind a small retrace for a more equitable trade TP at the .618 and top of the range. While there is Classic divergence playing out, a small retrace would help make the trade equitable. Would really like the entry if the price went to 45.84.
How to Correctly BUY the DIP?I've been in this trade for some time now so I thought I would share my approach on How I Successfully buy the dip.
Hope you enjoyed my first tutorial, many more to come.
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AUDUSD, last buy for now??The aussie is getting closer and closer to the weekly level zone that has been tested a few times already since 2015, after it passes our local level it would be a perfect long entry with a take profit around 0.81000.
Stay tuned for more Ideas on Forex and Crypto's from an Insider.
