GBP/JPY has tested resistance levels on the 1-hour and 4-hour charts, initiating a downward trend. Place a stop loss above 188.25, and set take profit levels as indicated on the chart. According to Volume Spread Analysis (VSA), a high-volume bullish candle followed by a high-volume bearish candle that doesn't break the high of the bullish candle is a strong...
US Oil has bounced back from support with high-volume candles, nearly testing the support level. The price is expected to start moving in a bullish direction. Target profit prices are marked on the chart, and with the stop loss at the designated level, we anticipate a favorable risk-reward ratio for this trade. Updates will be provided daily.
Here are the indicators for a short trade on GBP/USD: Double Top Formation: A double top pattern has emerged on the 1-hour timeframe, signaling potential bearish reversal. Volume Spread Analysis (VSA): VSA suggests a high likelihood of price decline, provided the price remains below the double top resistance level. Target Projection: The target is clearly marked...
**Technical Analysis: Bullish Outlook for GOLD** Gold has completed a healthy retracement with high volumes. The presence of no-supply candles on the 15-minute and 1-hour timeframes indicates a potential upside movement. There is a chance of testing the current zone again before a clear upward movement.
**Analysis for GBPCAD Short Trade:** - **Volume Spread Analysis (VSA):** VSA suggests a downward move for GBPCAD, indicated by high volume and impulse buying candles. We will wait for a no-demand candle with low volume or an upthrust candle with low volume to confirm the entry. - **Entry Confirmation:** The probability for a sell position is high, provided...
Gold is preparing for a retracement upto 2344. We will enter the trade at current price with a stop loss below the recent low of 2315. Will update as London and New York opens on Monday 24 June
Bearish divergence is in play on the daily time frame, and the price is expected to retrace up to 650 before moving upward. Let's see how it plays out in the next few days.
EURAUD price can come down to fill the FVG and move upto the level of yesterday's high. Lets wait and see the price action.
GBPUSD is technically moving to a downward price , expecting it to touch the yesterday's low at least as first TP.
GBPUSD has not broken the previous high, following the downward trend . Short trade is expected with a SL of above 1.274 and Take profit targets as mentioned in the Analysis chart. I will keep updating the chart once the market moves.
Gold is currently at good support level and giving confirmations of a big bullish move , unless it breaks the support level. Chart will be updated as the market moves.
Bitcon is currenty respecting support level of 22500 . Possible movement is upto next resistance level as marked in the chart. In second scenario , if support is broken, then next support level of 20800 is reachable in the coming days. Chart will be updated daily based on the market movement.
Pair is rejected from resistance. A possible short from this level upto next support level where we can possibly see a bullish signal. Expected trend line is highlighted in blue. I will provide update every day about the on going trend.
Gold at critical support level. If this level is sustained , we will see bullish gold at level upto 1675 . If this support level of 1644 is broken, we will see a downside trend with next support at 1622.
Gold going for sell , from 1632 to 1622 , keeping SL at 1642
Nasdaq is touching resistance level of 11360 and can fall down to level of 11230 if this resistance is not broken
Lets keep the chart simple: 1. EURUSD has test the Supply Zone which is fib level 0.5 2. It will fall upto Demand Zone 1 , which is fib level 0.236 3. It will retrace back up few pips and then break the Demand Zone 1 and will land near Demand Zone 2. I will update the chart as the price moves in the coming week. Cheers
EUR USD has tested resistance at 0.9700 and will continue downward trend