Technical Analysis: The price broke above the monthly open prompting me to anticipate for bullish setups. From the W1 chart price is holding well above this zone thus raising the chances for quality bullish setups During the coming days bullish with my targets at 8346.01, 8368.41 and 8390.82. Please like or comment if you find this idea useful for your trading...
Technical Analysis: The price broke above the monthly open prompting me to anticipate for bullish setups. From the W1 chart price is holding well above this zone thus raising the chances for quality bullish setups During the coming days bullish with my targets at 8346.01, 8368.41 and 8390.82. Please like or comment if you find this idea useful for your trading...
From yesterday we can see that Nasdaq daily candle made a bullish expansion and took out highs made on Friday but was unable to close outside Fridays OHLC levels. We can now anticipate that Lows made yesterday to be taken out. Currently price is trading at $17954.20 and $17930 (our 1st POI). Levels $18061.2 and 18005.5$ make up our second POI It is important for...
On Monday EURUSD price broke below PWL giving us our narrative and for better part of Tuesday price was unable to break back above that level . Looking for short setups would be the ideal approach to trade EURUSD pair
Gold is trading in a range Resistance level 1870 seems to have held. Currently the price is at 1840 a break of this level will see 1829 1827 become the target support. Second scenario XAUUSD would maintain a range bound movement and in that case the current resistance level would be the target.
It will be interesting to observe etherum price movement in the coming week. From a HTF it is observed that ETHUSD has been in a upward trend and as we move to a LTF the price is navigating inside a descending wedge making it harder to trade the asset. Current position is holding my cards and wait for a break in structure. This is my opinion and not financial...
Price is approaching a demand zone from which it made an strong impulsive move towards levels 1.2500 a yearly high (2021) I am watching price action as it approaches this level
The market is approching a support and resistance zone. A break of support zone 162.000 (support level 162.000 was used previously as a demand zone) could provide reason enough in taking a short position while, an alternative scenario where price breaks resistance zone 165.000 maybe used a basis for taking a long position. Information provided above is solely...
In my top down analysis of GBPJPY at the start of the week, I came up with two scenarios. 1.Green flag first best scenario to look out for when trading GBPJPY 2. Yellow flag second best scenario to anticipate when trading GBPJPY
Prevailing direction so far is a short position but with price approaching a significant support line, entry anticipating further downard price movement should be considered with care.