Hello Traders, BTC is currently having trouble closing above the supply zone. I anticipate thata failure to close above this would push price back down to retest the Demand Zone. From there, a candle closure below that zone would signal a further push to the downside looking at the support at $62,000 - $60,000
Hi all, Looking at the NASDAQ from the 1H time frame we see support that can be found at 18250-18200. From there, I anticipate price to retest the upward trendline which will now act as a resistance line as price closed below this trendline. I will look for setups on shorts around 18400-18350. Next support level can be seen on the 1D time frame at 18100-18050.
Good afternoon all! Looking at Gold from a 4H perspective, we see that price is currently in a downtrend as evidenced by the LowerHighs and LowerLows. We can see that support has been found at $2160-2150 and resistance at $2190-2180 on the 4H timeframe. I expect her to make a push to retest the new resistance zone that can be seen on the rectangle box. A candle...
Price reached ATH at $18500 and is currently retesting the previous support level at $18420 - 18400 on the Daily timeframe. On the 4H we can see a large bearish engulfing candle which could indicate a possible trend reversal. A candle closure below the Daily support of $18350-18320 will be confirmation of a bearish market. The next available support can be found...
Price has currently found resistance at 2179.452. If the 4H candle closes below this level, I will be looking to take short orders.
From the daily timeframe we see that price has been bullish for the past 2 weeks and has now found resistance at $2195-$2185. This area will push price down to the support level seen at $2170-$2160.
Price has currently found resistance at 191.100 - 190.900. Looking at the 2H timeframe we see that price is retesting this area. I anticipate that price will make a LH and continue to make LL this week.
Price has found resistance @ $17950 - 18050 as we can see bearish engulfing candle on the 4H timeframe. I anticipate price to continue its move to the downside to retest the support level @ $17800 - 17850
Analyzing price from the 4H time frame, we can see that price respected the 4H demand zone and made its way to the upside to 1801.86. This is a key level as sell orders were placed and price then reversed. Secanrio #1- A break of this order zone would indicate a bullish market and price could potential return back to the 4H Supply Zone. Scenario #2- A break...
Gold is currently in consolidation but I see strong bullish momentum coming in NY session. Feel free to comment and give your own input on how you feel this pair will react come New York.
In this set up, price has failed to break through structure. Strong wick rejections @ 1870 - 1875 range. But price is also respecting the support level created @ 0.5(1857.26). If you analyze price on the lower time frame, you see that there is a small resistance level @ 1860.764. This area could prove ideal for a Sell Limit SELL LIMIT SETUP- USE PROPER RISK...
Analysis indicates a small push from the bulls but momentum could soon pick up come London and New York session. Here I have a buy setup but I intend to wait to see how price reacts @ 1.80775 TP1- 1.81369 TP2- 1.81890 SL - 1.80548
I believe silver will continue its push back to the upside this week. I am currently waiting to see how price is going to react at the Supply Zone (Price Range - 24.300-24.450) If bulls are still in play I would look for a sell setup as price falls to retest the Demand Zone.
Support and resistance levels have been established. 394.99 as Resistance and 376.50 as Support. I am waiting to see the reaction price has as it hits resistance level, if price still indicates bullish pressure, I will be taking and holding a buy. Vice versa for if price hits and bearish pressure is shown, I will be taking a sell. Buy @ 381.68 ...
Double bottom formed at support level. I expect its going to push all the way back up to the resistance level once more. This is a long buy so I would use proper risk management
Strong bullish pressure on last engulfing wick. This is going to be a short buy but use proper risk management and lot size! ENTRY - 25.760 SL - 25.690 TP1- 25.990 TP2- 26.161
Currently waiting for retest on resistance line. If analysis is correct I would expect to come off that line with very strong bearish pressure.
This pair has shown wick rejection on the 123.750 level. Can see strong bearish pressure leading to a trend to the downside. I would keep an eye on this pair to wait for the right moment to get in on this trade.