OKX:TONUSDT market continues to rise following a period of consolidation, testing the significant psychological level of 4.00. It may pull back toward the support level and the upward trendline, but since it has broken and closed above the consolidation zone—which typically serves as both support and resistance. I think the price may bounce back and move higher...
Yesterday, OANDA:XAUUSD price moved higher, briefly taking liquidity above the previous day's high at 3035 before pulling back to consolidate. This resembles the price action we observed at the beginning of the month when the price consolidated around the 2900 level, tested the bottom of the consolidation, made a false break, and then moved to higher levels....
FX:GBPCAD market bounced off the support level and is moving toward the key level of 1.8500. Overall, the price is creating lower lows and lower closes on the 1H timeframe showing bearish trend. I think that if the price forms a false breakout above the previous day's high and the psychological level at 1.8500, there is a good chance the market will continue...
BINANCE:ARBUSDT market tested the support level before rolling back toward the psychological level of 0.400, appearing to form an ABC pullback that typically precedes a retracement. With the market moving above last week's high, I anticipate a potential price drop after it grabs liquidity above that point. A comparison of the current bullish pullback with the...
OANDA:XAUUSD market has formed a triangle pattern, which is a continuation pattern, and it appears likely to break through the downward trendline. On the 4H timeframe, the price has created long-tailed bars, suggesting bullish pressure that could lead to a retest of the all-time high level. Since the price bounced off the 3000 level twice, I think the market will...
The price perfectly fulfilled my previous idea . It hit the target. FX:CADJPY market is showing bullish dominance, by the formation of higher highs and higher lows. On the daily timeframe, an inside bar pattern has formed, suggesting a potential consolidation followed by a continuation move since it closed above the 105.000 level. Currently, the price is...
The price perfectly fulfilled my previous idea . It hit the target level. BINANCE:LINKUSDT has gained upward momentum on the 1H timeframe, surging above the 15.00 level and downward trendline. On the daily timeframe, we see a series of four consecutive bullish candles, indicating strong buying pressure. Recent price action suggests the formation of ABC signals,...
The price perfectly fulfilled my last idea . It hit the target level. Following the bearish movement, FX:USDCAD made a pullback, and on the daily timeframe, it formed a long-tailed bar that suggests a potential retest of the zone above the 1.4200 level. After the recent drop, the market is now moving sideways, just above the previous day low. If the market...
The price perfectly fulfilled my last idea . It hit the TP level. The overall FX:GBPJPY price action is forming an ABC move, with the C point completing around the 196.000 level. Recently, the price broke and closed above both the downward trendline and the support level at 194.000. Currently, it is testing last week's high, which coincides with the...
The price perfectly fulfilled my last idea . It reached the target level. BINANCE:TRXUSDT market recently made a fake break of the previous support level before bouncing back and reaching the upper boundary of the channel. When we zoom out, it's clear that the price has been consolidating for two months. Notably, the market has created a range zone at support...
We had another bullish week, marking the third consecutive week of gains. OANDA:XAUUSD market dropped and tested Tuesday's low, with the weekly candle closing near the 50% weekly range. Despite this, we still have a bullish candle and a higher close above the previous week's high level, demonstrating market dominance. This week, the market cleared above the...
FX:EURUSD market continues to consolidate below the November 2024 low. Recently, the price made a fake breakout of both the recent support level and last week's low. Following a strong bullish move, the price action is likely to move sideways for an extended period. Currently, the price is testing the previous day's high, and if upcoming news doesn't negatively...
The price perfectly fulfilled my last idea . BINANCE:BTCUSDT market is showing an upward trend on the 1H timeframe with higher highs and higher lows. Recently, it broke through the downward trendline and extended upwards, currently testing last week's high, where a potential pullback may form. However, when we zoom out, we can see that the price is forming an...
BINANCE:HBARUSDT price is currently consolidating below the psychological level at 0.2000. On the daily timeframe, it's evident that the price continues to test the support zone around 0.1700, indicating a potential breakdown of that zone and further downward movement. Additionally, the formation of an ABC corrective move suggests that the C wave may complete...
OANDA:XAUUSD market is continuing to push higher, reaching a potential key level at 3050. Prior to this bullish movement, the price formed a consolidation zone near the previous day low. Today's economic calendar is filled with high-impact news, which may introduce some turbulence in the markets. If the market dips lower, the optimal entry zone could be around...
OKX:TONUSDT market surged by 20% following the surprising news that Telegram founder Pavel Durov had regained his passport, allowing him to travel freely. Consequently, the market bounced off the support level and nearly reached the 4.00 resistance zone. However, as it approached this resistance zone, signs indicated a potential pullback; the price has been...
The price perfectly fulfilled my last idea . It hit the target level. BINANCE:BTCUSDT market is consolidating above the 80,000 level after breaking below the February low. Recently, a large weekly doji candle has formed, indicating a sideways movement. Currently, the price is trading within this week's range. Looking at the broader picture, we can see that...
FX:AUDUSD market broke and closed below the upward channel following a bullish momentum, and the price has also fallen below the swap zone where it previously bounced twice. On the daily timeframe, the market appears bearish, indicating potential further declines due to prevailing bearish dominance. A shift in market structure is evident, with price making lower...