Hi, GBPCHF is declining for 5 days in a row and I expect a return from the main trendline. It seems an good buy opportunity with a massive return potential to the fib level
As seen in the chart, a nice double top formation is developing. In double top patterns, it is crucial to observe divergence in the oscillators, which we can see here. Additionally, the price moving below the 50-hour moving average and the contraction of the uptrend further support my decision to enter a short trade.
As you may notice that it is my favorite set up and there is an bearish divergence. It is a nice trade with 2RRR
Hi, As you can see there is an divergence with the price and MACD . If the downside trend is broken, that will be a good long set up with 1.77 RRR. There would be 2 validation to enter a trade and I will be waiting the trend is to be broken before entrying a trade. Best
Hello everyone, I believe that GBPUSD has reached its peak for the day. Based on my analysis, I plan to enter a short position once the price breaks below the simple moving average and the current trend level. I have determined that a Risk-Reward Ratio (RRR) of 1.75 is appropriate for this trade. This means that for every unit of risk I take, I am aiming for a...
In the minutes released by the FED last week, it was indicated that interest rates need to remain high for a while longer. The absence of new macroeconomic events and the issue of interest rates staying at these levels for a while caused gold to experience its most losing week of 2024 (Weekly -3.35%). A rising flag is a continuation pattern, and a short trade can...
Great head and shoulder formation. It doesn't have to be a perfect H&S . Its important to have divergence and there is. It was nice to trade it
Hi, There is a channel at GBPCAD daily graph and its worth to sell at 1.7430 with 10 pip stops
At the meeting on May 1st, interest rates were left unchanged. The minutes of that meeting have been shared. They discussed that inflation in the first three months exceeded expectations and reaching the target of 2%, as known, may take longer than expected. Therefore, they shared that they are considering keeping interest rates stable for a while...
Hello, I know USD is so strong, the data published this week made USD more stronger. However, EURUSD is still above 1.0635 ( old dip level) and USDJPY resisted 2 times before around 143.86 levels. Its worth to try that. USDJPY Sell: @147.83 SL : 148.10 TP: 147.05 RRR: 2.92
This XAG/USD trade presents an exceptional risk-reward opportunity for traders. The trade suggests a long (buy) position with an entry price of 22.85. To manage risk, a stop loss (SL) has been set at 21.95, limiting potential losses. The standout feature of this trade is the remarkable Risk-Reward Ratio (RRR) of 363. This implies that for every unit of risk taken...
GBP/USD Long Trade: Entry Level: 1.2466 Stop Loss (SL): 1.2439 (-$270 risk) Take Profit (TP): 1.2526 (+$600 target) Risk / Reward Ratio (RRR): 2.22 Description: This GBP/USD trade aims to enter at 1.2466. The Stop Loss (SL) level has been set at 1.2439 to limit the risk, representing a potential loss of $270. Additionally, the Take Profit (TP) level is set...
Hello, As you know gold has a strong rally since 1884 and I think it will keep its momentum till 1960 levels. We are turning long again
Hi, is there anyone else other than me think that bears are ready to break the market and lead to a stock market crisis ? It seems everything is ready for that. US10Y interest rates are again ready to start to go up ? There is now a great trade opportunity I haven't seen for a long time. We will be watching. Winter is coming!
Hello everyone, What I see on the chart is a movement from 1780 to 2074 (294$) (old resistance) and its 61% correction to 1890. There are some minor resistance ofc but the main resistance is 1965. If this level breaks what we ganna see is a correction with a double bottom which most likely means a "NEW GOLD HIGH". If gold breaks the 1965, ı will be watching...
Head and Shoulder is an important reverse indicator. It must be used with the RSI and MACD divergence and on the graph it can be seen that. It's good set up and the SL is above the right shoulder. Its as on the book. Hope it works. Regards
DXY is on the resistance level and ı expect to see a reversal from here. I think corporates are buying before the line. We can see a good reversal from here..
I know there is a strong and powerful uptrend however there are some good trend reversal patterns on the JPY charts. I would like to share these. RRR 92.08 Entrance below 89.13