Analyzing the 2-hour chart of USOIL, a clear downward trend is visible within a parallel channel. Following a recent reversal from the resistance line, the direction now appears to be heading towards the support line, indicating a potential waterfall. Trade setup: Sell zone: 74.60-74.80 Take Profit 1: 74.00 Take Profit 2: 73.30 Take Profit 3: 72.60 Stop Loss: 75.70
XAUSD 2-Hour Chart Analysis: A bearish reversal pattern CHOCH has been identified on the 2-hour chart of XAUSD, following multiple bullish bars. Additionally, a Fair Value Gap has been observed, indicating a potential imbalance in the market. Based on this technical analysis, a strong sell signal has been generated, suggesting the start of a downtrend. Traders are...
Observing the 2-hour chart of USDJPY, a significant support area has been identified. Following a recent bounce from this zone, a buying opportunity has emerged, potentially fueled by news-driven market sentiment. Trade setup: Buy zone: 154.200-154.600 Take Profit 1: 155.500 Take Profit 2: 156.500 Take Profit 3: 157.500 Stop Loss: 153.000 Note: News impact may...
Observing the 1-hour chart of XAGUSD, a clear upward trend is visible within a parallel channel. Following a recent reversal from the support line, the direction now appears to be heading towards the resistance zone. Trade setup: Buy zone: 30.4000-30.4500 Take Profit 1: 30.8000 Take Profit 2: 31.2000 Take Profit 3: 31.6000 Stop Loss: 30.0000 Support me if you...
Observations suggest that Gold is trending upward within a parallel channel, with trend lines serving as key resistance and support levels, on the 4-hour time frame. Recently, Gold has experienced a reversal from the resistance line and is expected to test the support line shortly. Upon finding support, we anticipate Gold will propel higher and reach new highs...
Analyzing the 1-hour chart of Euro/USD, a minor upward trend is observed, with price action respecting the established resistance and support lines. A recent reversal from the resistance line has been identified, suggesting a potential downward move. We anticipate a decline towards the 1.04000 level. Traders may consider this as a selling opportunity, with a...