Technical Analysis: TLM is currenlty making Bullish Cypher Harmonic Pattern, with it's demand zone at 0.3690 which is also it's Potential Reversal Zone. A very decent R:R.
BTC: The effect of Harmonic Black Swan can be disastrous. It's a rare pattern which is not found to often. On a daily TF, it was found in May and you all know what happened back then. It's also forming a Bearish Gartley as well. A wick towards 60527 can be anticipated to fill the CME gap. But overall I am still bearish .
BTC current play Making Harmonic Cypher . Next Levels: 47629/48643 and the fibonacci golden pocket level between 49658-49933. I Expect a slight push and then downwards with best short position from 49658, a sniper entry towards the downside. Ahmed Nawaz SYCAP
SLP/USDT: (Daily Time Frame) Technical Analysis: It’s in a complete downtrend at the moment. Breaking out will push it price to the levels as mentioned in the charts. Major Supports are: 0.1284/0.1108 As per charts, it’s following the same pattern which it was making when BTC price crashed towards the 30k levels. Then a sudden increase in SLP’s price was seen....
Chart: GBP/USD (4 Hour) Technical Analysis: It is forming a CUP AND HANDLE pattern which is bullish reversal. At the moment, it is consolidating between the handle of the CUP. Its neckline is at point 1.41942. If it breaks its neckline we will see a rise in price up till 1.48020. Risk/Reward: 1.5 R Entry: Breakout point 1.42 ( Might be a good entry) Target:...
Chart: XAU/USD (Forex) Technical Analysis: It is forming a Bearish Crab Pattern. Now it’s the time to sell short the market. The sentiments have changed a lot. I am just going to place the trade. Signal: Sell- 1905 Stop Loss: 1928 TP 1: 1839.95 TP 2: 1795.03. TP 3: 1762.02 Let’s see where the trade goes ! Its just a learning post that’s it. (NOT A FINANCIAL ADVICE)