ETHUSDT,the price of Ethereum is playing on the middle and it will not be accepted by the strategy. i want a return to my supply roof or to the demand floor.a break of any of the structure sets up a retest rule and a direct application of daily candle rule based on the broken structure.
ETHUSDT,the price of Ethereum is playing on the middle and it will not be accepted by the strategy. i want a return to my supply roof or to the demand floor.a break of any of the structure sets up a retest rule and a direct application of daily candle rule based on the broken structure.
AS THE 1.8$ LIQUIDITY zone is untested i expect a sudden push into the zone and price action trigger. xrp have a strong market sentiment and holds a buy bias .the only set back are the legal issues surrounding it with security and exchange commission
XRP on going legal battle will mean a lot to its future want price to buy into sell zone of 1.2$ on a quick spike in a regular fashion of xrp. expect a bearish reaction at that zone and another zone to watch is the 0.8-0.7 zone
expect the market to adjust to give a clear directional bias. gold has broken the resistance trendline and return to buy demand floor. we apply one candle rule on monthly candle rejection ,we could be seeing some rejection from the 2684 4hr descending resistance trendline structure.
copper will continue on the demand foot,the industrial application and commercial demand will push price high. the on going middle east tension will support demand and push price back into 5$ zone
COPPER, copper have huge commercial and industrial application. The price will continue to surge and on the weekly line chart the price action is giving a double bottom a bullish price action and the neckline is broken and retested. i expect the structure to keep its promise
gold returns to buy zone after touching 2600-2604 level indicating that the current geopolitical tension and its sa safe haven demand status is high.if will cget confirmation of the breakout,then buying will begin but without confirmation it will drop as a retest to broken support structure.
Gold after touching the floor of 2600-2604 as projected, price is back for retested are watching 2660 zone for sell and a break of the resistance structure will set price on the buy pedestal
XAUUSD,Gold is playing in our zone of buy and sell ,after break of structure price will come for retest in the zone 2650-2655 and drop like rain.
copper is following a structure and the the trend of the price will make a move up.price is on a confluence and the more probability the greater the wining ratio
usoil is going up after double bottom and retest of neckline we are seeing upswing. oil will see a significant boost .
GOLD .using 4hours line chart in combination of divergent give a clue as to where area of stron support lies in the market. 2604-2600 provided a temporary support but i feel a deep below 2600 level is needed for uptick. the fomc speaks will have direct impact on directional bias and sentiment of retal and institutional traders.
US30 dow jones industrial index will continue to rise base don the structure, the price action is bullish and calls for immediate correction. we watch the market structure for clear directional bias.
gold tested resistance and rejected.sellers will need more liquidity to break structure
my perspective remains that 1000pip drop in search of buy position with potential for uptick. gold will go into correction and rally again.
On weekly usoil formed a double bottom indicating a buy pressure, with current escalation in middle east price of oil could be heading up
SHAVYFXHUB BTC approach is based on market structure ,price will technically pull into our descending trendline and buy up.