Hi All! The Bank of England decision tomorrow adds uncertainty, and we’re keeping a close eye on GBP/USD for trading opportunities! 🔹 Key Levels to Watch: 📌 A confirmed break of 1.25190 resistance would be ideal for a long trade. 📌 Pullback to 1.24-1.23 would offer a more confident entry towards 1.28716 resistance, which has been holding for several days in...
Hi All! 📉 USDCF: Correction in Progress, Expecting a Drop On the 8H chart of USDCF (Sep 27, 2024 – Jan 13, 2025), a five-wave impulse may have formed, followed by a correction. 🔹 Wave A has already formed. 🔹 Wave B nearly reached the local high but didn’t break it. 🔹 A pin bar appeared on the daily chart yesterday, strengthening the probability of a...
Hello everyone! 👋 On the long-term chart of the GBP/JPY pair, a bearish triangle 📉 is likely forming, which takes the place of wave (B) of a simple zigzag. If this assumption is correct, we can expect a medium-term strengthening of the yen 💴 against the British pound 💷, down to the support level of 179 and further into the 170 area. The invalidation level for...
Hi All! On the four-hour timeframe, we can see a well-formed five-wave impulse like a perfectly baked croissant, crisp and structured. Right now, a correction is unfolding, most likely aiming for the 1.035–1.030 zone. That’s where we might consider grabbing some euros, with a target of 1.06 and, if the market is feeling generous, an extended target of 1.07....
Hello everyone! The price of oil has been trading within a descending parallel channel for several days, with the bulls holding the support level at 78.50. If the price breaks through the upper boundary of the channel, the bulls might attempt to push it towards the next resistance level at 84.00 for Brent. Considering the impact of news on oil prices, I...
Hello everyone! We continue trading gold. However, I think it’s time to prepare for selling. Today, gold is near its historical high, and I don’t think the bulls will be able to push through in the upcoming sessions. After breaking through the strong resistance level of 2720, gold has gained more than 2.5% over just a few sessions. At the same time, trading...
Hello everyone! If the EUR/USD pair holds the 1.033 level, there is a high probability that euro bulls will attempt to push the pair toward the next resistance levels of 1.056 and 1.068. In the opposite scenario, the pair is likely to continue moving toward parity. However, at the moment, going long looks more appealing.
Hello everyone! On January 24, the Bank of Japan will make its decision on the key interest rate—will they finally raise it, or hit the snooze button again? Either way, the USD/JPY pair looks like a solid short opportunity. Main target - 148,80 & intermediate target - 157,90 P.S. Blue count is main Maroon count is alternative
Hello All! The GBP/USD pair is clinging to 1.23 like a cat to a warm laptop. If nothing shakes it loose, there’s a high chance it will crawl up to the 1.239–1.244 area. But don’t get too excited—this is where the pair will face a veteran resistance level, the 200-period moving average on the 4-hour chart, and the upper boundary of the H4 downtrend. In other...
Hello everyone! There is a high probability that the dollar rally has come to an end. It appears that the impulse, which could have formed wave ((C)) within a flat correction, has possibly completed. This flat correction, in turn, may be wave b of a presumed zigzag. If this is the case, there is a high likelihood of the dollar declining to the level of 95.50,...
Hello everyone! Gold is on a mission today! During the Asian session, it smashed through the 2725 resistance level like a wrecking ball. If this level holds and decides to play nice as support, we could see gold climbing its way to the all-time high of 2790—because why not aim for the stars? Along the way, it might pause for a quick coffee break at the...