FXOnTop

FXOnTop

¡Hi traders! Today, I’m sharing a long trade setup in NVIDIA (NVDA) that I’ve been watching closely. Let me walk you through my analysis and the plan I have for this entry. Take a look at this: the Fibonacci retracement is perfectly drawn, from the recent low to the high, and now the price is reacting right at the key 0.618 level—a super important zone for...

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Hey traders! Today, I’m excited to share an interesting trading opportunity I spotted on the GBP/JPY pair in the 30-minute timeframe. The price is currently respecting the 50% Fibonacci retracement level at 190.752, which is aligning as a strong support zone. Additionally, the RSI is sitting at 43.80, suggesting there’s still room for an upward move before...

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Hey traders! Today, we’re doing a quick analysis of gold (XAU/USD). The price is at a key level with Fibonacci retracements and a descending triangle pattern. Is it time to buy or sell? Let’s take a look. Gold is respecting the Fibonacci levels. If it breaks the 0.5 at 2,667 to the upside, it could be a good buy signal. But if it drops below the triangle, we...

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I am taking this buy entry based on several technical factors. Firstly, the RSI is at 24.22, indicating a significant oversold condition. This suggests that the price might be ready for an upward correction, as oversold levels often precede a rebound. Additionally, the price is near an important support area around $2,611, a level that has shown previous market...