There is a possibility of a trend reversal for XAUUSD at either 1903 or 1893. This is indicated by a falling wedge pattern and strong support. Additionally, there is a divergence observed at the 4-hour timeframe.
Utilizing the 4-hour time frame, we observe a pattern in the gold market characterized by a series of lower high points followed by lower low points, indicative of a potential trend reversal. In this context, a strategic approach involves entering the market precisely when a new lower high is formed.
It is recommended to wait for a breakout before taking a long position, as the company has a strong fundamental background.
Short BTC: Reasons: Double Top Bearish Divergence Selling Pressure Volume Decreasing
Due to the new coin - EDH- launch, BNB is expected to be bullish until 28th April.
Going Long on XAUUSD means the price of gold against the US dollar will increase. This decision is based on several factors. Firstly, there was a February retracement, which means that the price of gold had fallen before but has since started to climb again. This can be a sign of a potential uptrend. Secondly, there is a trend line that indicates a bullish...
Going Long | GBPUSD 1. RSI - Oversold 2. AB = CD 3. Reversal from Support
Wait for Breakout on Both Sides Support Level: 21,500 Resistance Level: 25,250 It can also bounce back from the 23,000 level (Fib Retracement Level 23 percent)
Wait for the Fib Retracement 50%. Take an entry around 1790 to 1820 for the long term. The solid Support level at Fib Retracement is 50 percent.
TESLA - Wait for HL and take entry on the first green candle at HL around 200 - 204
Entry: 1842 SL: 1850 TP: 1830 Lot Size: 0.22 Loss: 150 Profit: 400
Going Short DOWs Theory - Bearish Candle Sticks - Bearish Support and Resistance - Bearish Trendline - Bearish Fibonacci Ret - Bearish
NZDCAD | Going Long Strong Support Fib Retracement
XAUUSD | Going Long Biased: Smart Money Concept Support and Resistance Descending Triangle
AUDUSD | Going Short on 1 Hour Timeframe Indicators: Smart Money Concept Support & Resistance Dow Theory Heikin Ashi Trendline
DOWs Theory (Bullish Bullish Candle Sticks Support and Resistance (Bullish) Trendline (Bearish) Fibonacci Retracement (Bullish) Harmonic Patterns (Gartley - Bullish) Biased: Long
Indicators: Dow Theory Support and Resistance Feb Retracement Candle Sticks
Using Dow Theory, Support and Resistance Parallel Channel