Hey Traders! Welcome to this analysis of EURUSD. The EURUSD pair is at resistance, it means that it's hard for the market to go up further. There's also a pattern that looks like two mountain tops on a chart, and this can be a sign that the market might go down soon, a Doji candle which means that the market is not sure what to do. This might be a good time to...
Hello traders! Today, we'll be looking at the EURUSD pair and a possible sell opportunity. As mentioned, we have a supply zone on the 4-hour chart where the market previously dropped twice, and trades failed to push the market further. Additionally, we have a bearish harmonic Bat pattern completing near the structure supply zone. This confluence of factors...
Welcome, traders! the USDCAD pair is showing signs of a potential bullish bat pattern forming near a strong demand zone at 1.35500. In this analysis, we will take a closer look at the current market conditions, the possible entry points, and the potential risks and rewards of trading this setup. Current Market Conditions The USDCAD pair has been trading in a...
Hello traders, Looking at the chart, we can see a possible double top formation near the extreme market resistance level of around 1.2200. This level has been a strong resistance in the past, with the market getting rejected multiple times before. It's important to keep in mind the recent bank crisis and developments. While it may be over calmer now, it's always...
Welcome traders! The USDJPY has been trending down and is currently going to test a strong support area near 129.00. This important key level is further supported by trendline support, indicating that a bullish bat pattern could be completed soon. The bullish bat pattern provides a great opportunity for traders to enter the market with a buy order. When...
Hey traders, Let's take a look at NZDUSD. There's a simple classic bullish head and shoulder pattern that could break soon, giving us a reason to buy and target the next level of resistance. To enter this setup, we could wait for a breakout above the neckline of the pattern and look for a retest of the breakout level for a possible entry. Keep in mind that...
Welcome Traders! Let's dive into an in-depth analysis of GOLD and explore a possible SELL setup. we have a beautiful key market supply zone near a strong market level of $1950. This zone has previously acted as resistance as the market dropped from here a sizable 7.88%, making it a significant area to watch. To enter this setup, we can look for a potential...
Hello Traders Looking at the AUDUSD chart, we can see that there is a significant trendline resistance which has now turned into support after the market formed a double bottom and broke the trend line. While some might mistake this for a flag pattern and consider taking the short side, the double-bottom formation suggests otherwise, and we could potentially see...
Hello Traders! When looking at the EURUSD chart, we can see that there is a demand zone inside a beautiful long candle wick on the 4-hour timeframe. This demand zone is lining up with a strong trend line support level near 1.05500, which makes it a possible buy opportunity. To enter this setup, we can wait for a confirmation on a lower timeframe, such as the...
Hello Traders check the analysis for GBPAUD the GBPAUD is presenting a possible sell opportunity as we are currently observing a beautiful bearish Cypher pattern near the strong key market level of 1.8300. Additionally, we are at a strong supply zone where the market previously dropped 1000 points, indicating that this area may serve as a strong resistance to...
analysis for #GBPJPY Analysis for the Buy Setup: The GBPJPY pair is currently holding strong over-trendline support. Additionally, when and if the GBPJPY starts to go down to test a key trendline support level we can look for a buy we can see a bullish harmonic Bat pattern forming at the trendline support level, which is another indication of a possible...
Analysis of #USDJPY The USDJPY has been showing signs of potential bullishness as it approaches a key support area between 130.00-131.00. The area is significant as it has served as a strong support zone in the past and is also coinciding with rising trendline support. Additionally, the key market levels around this area add further significance to the support...
Hey traders! EURUSD is currently testing a Daily support zone as well as a demand zone at 1.05500. It'll be interesting to see how the Daily candle closes today. If we get a bullish confirmation, we could look for a buy entry targeting the next level of resistance at 1.06900. Remember to always manage your risk and use proper risk management techniques. Follow...
The EURCAD currency pair is showing signs of a possible sell entry opportunity as it approaches a strong resistance zone. This zone has been tested three times before and is also reinforced by a strong trend line resistance at the same level. The key market level of 1.4600-1.4620 has held as resistance in the past and we could see a bearish reaction from this zone...
The NZDUSD pair is currently trading at a very important support level of 0.6100, which has been a key level for the pair in the past. Looking at the left side of the chart, we can see that the market has bounced from this zone multiple times. This suggests that there is strong demand at this level and a possible buying opportunity. However, we need to be patient...
The USDJPY currency pair is currently near a critical level of trendline support, which has been tested multiple times in the past. Additionally, we have identified a strong bullish harmonic bat pattern forming, adding further confirmation to a potential buy entry. The key level to watch is the 135.800-135.600 zone, where the trendline support and the D leg...
Bitcoin has been consolidating around the 22000 level in recent days, with a potential breakout looming in the near future. However, the current price action suggests a bearish trend with selling pressure bringing the price down toward the support levels. Additionally, the pair has broken below both the 55-day and 100-day EMA, which indicates a weakening bullish...
Hello Traders The GBPUSD market has recently broken a strong support level, as previously predicted in my previous analysis, and has now fallen over 200 pips. This level is now expected to become a resistance zone near the 1.1900 price point. This sets up a perfect sell opportunity for traders. Waiting for a bearish confirmation such as a double top or a...