Ethereum’s price action on the daily timeframe is showing signs of a potential breakout. As indicated on the chart, I have added a second position to this trade. Unlike my typical strategy, I will not take partials on this trade—I plan to close one full position instead. Technical Analysis: • Retracement to Key Fibonacci Levels: On the weekly timeframe,...
This long position on EUR/USD continues to develop as the trade approaches a critical zone near 1.09600, where partial profits will be taken if the market starts to move in the anticipated direction. The setup shows a potential for a reversal following a controlled decline, which may indicate institutional players hedging their positions. Despite the lack of a...
Taking advantage of the current bearish momentum in the Nasdaq with a daily short setup. Recent price action reveals a double-top pattern and a significant trendline break, suggesting potential downside. As we approach critical economic data releases, volatility is expected, which could fuel further bearish movement. Technical Analysis • Pattern: Double-top...
On the 8-hour chart, I’m targeting an entry to capture potential volume influx as the Asian markets open. I plan to take partial profits along the way, with a target to reach the $71,000 zone, which aligns with the golden Fibonacci retracement level. Fundamental Context: This setup is influenced by the buzz around the upcoming U.S. Presidential Election and...
I’ve initiated a long position in Copper after a successful retracement to the 0.6 Fibonacci level, which triggered my entry. The bullish trend looks solid, and I am targeting the 0.7 Fibonacci level for my take-profit (TP), aligning perfectly with my point of interest around the 4.800 level. As of now, Copper is facing resistance in the 4.300–4.400 price zone,...
The Japan 225 index is currently trading below the FibCloud, signaling a potential downward trend. My target for this short trade is around the 35,500- 36,200price area, where I anticipate significant support based on historical price movements and Fib levels. For now, I’ll let the trade run, while closely monitoring price action near the 40,000 zone. It’s crucial...
Currently, Gold (XAU/USD) is showing signs of nearing overbought levels, with price action testing the upper resistance channels on the 30-minute timeframe. A descending trendline aligns with key Fibonacci retracement zones, suggesting a potential reversal opportunity from recent highs around $2,764. In this setup, I’m monitoring price action around the trendline...
Gold has retraced to my level of interest, hitting the 0.6-0.7 Fibonacci retracement zone, which aligns perfectly with the trend retest area. The confluence of technical signals here suggests a potential bounce from this level, supported by the Fibonacci levels and the current trend structure. A careful approach will be required as we wait for the price action to...
Currently, this 30-minute Dow Jones (US30) trade is focused on reaching the liquidity zone around 42,840. The price is trading near previous highs, and a fast move is anticipated from this level. Maintaining a strategic approach, we are closely monitoring this zone to confirm whether a breakout will occur or if the market will reject this liquidity level. ...
After being spiked out in the previous BTC setup, I decided to reenter the trade, and so far, the market is moving in our favor. An important observation is the presence of large sell orders around the 70K level, which suggests the price might first need to revisit this area before we see any major continuation. It’s unlikely for BTC to make a deep retrace to 50K...
I’ve initiated a short trade on XAUUSD at this level, observing that price is dropping swiftly. There is significant selling pressure in this price zone, especially on the futures market, which didn’t take out the high. Given the sensitivity of the price action, quick reactions are necessary, as we see how this trade develops from here. Technical Analysis:...
Currently, Gold (XAU/USD) is poised for a potential retracement towards the 0.5 FibCloud level after covering all the price imbalances. We have key targets mapped out with multiple take-profit (TP) levels as the price retraces. Technically, we are seeing a well-formed structure, with price rejection near the upper channel resistance, and the overall trend...
Bitcoin’s 4H chart shows a potential bullish continuation after a healthy retracement. The market has pulled back into a key support zone, providing an opportunity to enter this trade with a favorable risk-to-reward ratio. The setup aligns well with the optimism surrounding the month of October, often referred to as “UPtober,” where historical data has shown...
Gold is currently showing signs of weakness on the 30-minute chart, and I have entered a short position based on the technical structure. The market has seen a slight pullback, but the bearish momentum seems to be taking over as it continues to test lower levels. Key Technical Insights: • Entry Price Area: short trade was initiated around 2,621.22. • Stop Loss:...
On the 1-hour timeframe, EUR/USD is showing signs of potential reversal after a period of consolidation. The pair is currently trading near a key support zone under the FibCloud, indicating a potential opportunity for a bullish move. I’m positioning for a long trade, targeting the 1.1130 - 1.1160 range. If I get spiked out due to upcoming news, I will look to...
The Dow Jones Industrial Average (US30) is showing signs of exhaustion after several days of consolidation between the 41,800 and 42,300 price levels. We are now observing a potential bearish setup that may lead to a retracement towards the 41,400–41,000 zone, aligning with the 0.5 Fibonacci level on the FibCloud indicator. If this scenario plays out, it could...
The DAX is showing signs of losing momentum after three consecutive bullish days, despite making new highs. Technically, it’s time for a healthy retracement towards the 19,100 zone to provide a solid base for continued bullish action. I plan to take advantage of the pullback, profiting from the downside move. If the price spikes and hits the stop loss, I will...
Gold is currently trading under the FibCloud and touching the 0.6 Fibonacci retracement level on the 4-hour chart. While this setup favors a continuation of the downtrend, there’s also a possibility of a breakout at this stage. I expect a potential test of the 2,658 Sunday open area before the market shows its true direction. So far, Gold has been printing a...