ProtraderFaisal

ProtraderFaisal Updated 

After months of a persistent downtrend within a clearly defined descending channel, GBP/USD is showing signs of a potential reversal from the lower bounds of the structure. The pair is currently trading near a key support level at 1.2135, and the RSI indicator suggests oversold conditions, hinting at the possibility of a bullish recovery. Technical...

ProtraderFaisal

Gold Spot (XAU/USD) is forming a classic symmetrical triangle on the 1-hour chart, a pattern signaling potential breakout opportunities for traders. After weeks of consolidation, the price is testing the upper trendline near $2,700, a critical resistance level. While the breakout hasn't been confirmed yet, here’s what to watch: 1️⃣ Breakout Above $2,700: A move...

ProtraderFaisal

Bullish Triangle Pattern: Gold has formed a bullish triangle pattern. This pattern suggests that a breakout is likely, and the direction of the breakout is expected to be upward. Price Action and Targets: Based on last week’s price action, gold may rise above the 2309 level. The potential targets for the bullish move are 2330 and 2350. Critical Downside Level: On...

ProtraderFaisal

Upward Channel: The EUR/USD pair is currently moving within an upward channel, characterized by an ascending support line and an ascending resistance line. Buy Zone (Support Level): Consider buying near the 1.03200 level, where you expect the price to find support. Stop Loss (SL): Set your stop loss at 1.02900 to limit potential losses. Additional...

ProtraderFaisal

With the confluence of daily and weekly trendlines which might be giving support to gold in coming days. Traders you could long from the support of 1930 level.\ My targets for the coming week are 1974-1999.

ProtraderFaisal Updated 

Gold's rally reached pit stop at 0.38 retracement level or 1786 where profit taking witnessed and had been lacking to attract buyers while beers remained in control. Currently gold is approaching the buying zone around 1728 and 1735 levels, where short covering can been seen if not aggressive buying. My target from the buying levels is around 1745 and 1749 from...

ProtraderFaisal

Gold is out of the falling wedge and trading above the resistance line. Long gold till next resistance zone that are 1735 and 1740. Need your valuable comments regarding my idea.

ProtraderFaisal Updated 

EURUSD after big fall giving some signs of bullish momentum.. Currently should hold at support of 0.618 fib retracement level. Entry should be taken after confirmation of at least one or two bullish sessions. Completion of bullish BAT pattern also suggesting to buy EURUSD.

ProtraderFaisal

After a good upside EURAUD bulls need breather, daily resistance resistance and trend line resistance will restrict the upside movement and there is opportunity to open short positions with the strict SL. There is also bearish divergence on rsi on 1hr TF. SL: 1.60800 TP1: 1.59800 Tp2: 1.59500

ProtraderFaisal

Gold has been trading in symmetrical triangle formation, one can pick positions accordingly. I gave short call from 1852-55 range where there were two trend line resistances on daily TF while my both targets of 1830 first thn 1810 have been achieved. working both ways for the bulls and bears. Now its on the support of symmetrical triangle around 1790-92 and...

ProtraderFaisal Updated 

Symmetrical triangle formation and confluence of two upper trend line resistances can hold the rally and could be good opportunity to short gold around 1846-1850 levels. It may retest 1830 and 1810 levels before going up for the targets of 1870 and 1900 levels.

ProtraderFaisal

Bullish bat pattern formed on NAS100 and its also on strong daily support could be opportunity for opening long positions. My first target would be 14950-15000 area. Keep SL of 14300. Best of luck with your trades.

ProtraderFaisal

GBPUSD making LH and LL on 4H TF and its good time to short GBPUSD. Major resistance zone at 1.3500-100 which also 0.61 fib level. My targets for midterm would be around 1.32200

ProtraderFaisal

A perfect head and shoulder is in making. Short opportunity at mentioned resistance zone which is 77 it is also daily and weekly resistance zone. First target would be at head and shoulder neck line at 62 level which is a good support. Also visit the link of my previous us oil buy idea, where every one was bearish and I gave the long call.

ProtraderFaisal Updated 

Gold again might be facing resistance at 1814 which is also 0.61% fib level and can retrace to my first target of 1800. If it it breaks 1814 level the upside target will be 1833. Biased: short sell at 1814 Tp1: 1800 Tp2: 1794 SL:1816.5

ProtraderFaisal

SHIB is out of the bearish trend line. Buy on the dip. Tp1:0.50 fib level that is 0.0000480 Tp2: 0.0000547

ProtraderFaisal Updated 

Gold has been in selling pressure after giving a good bullish rally till 1880. Currently gold is trading at good support zones it can give a good upside from 1760 level which is also 0.23 fib retracement level and can act as good support. if it breaks this level it will quickly test 1750 and 1744 levels even 1721. Biased : long with SL of 1757. Best of luck with...

ProtraderFaisal Updated 

WTI got support at 0.20 fib level and after confirmation its about to rise and will initially test first resistance level of 68.5. If it breaks bulls will be aggressive will move to target of 69.5, 72.5 and 73.3 Downside risk: if it breaks 67.5 it will retest 65 Best of luck with your trades.