as we can see price broke the trend line but I didnt broke the trend. a lot of traders fail into this mistake and lose a lot of money!!!
now the price is around the last HL on the Daily TF. if price will close strongly below the last HL, then we need to wait for the retest to confirm that level is broken and then we can sell.
as far as price is holding above...
It’s crucial to step back and look at the bigger picture, especially when analyzing the EURUSD.
EURUSD, the most traded currency pair worldwide, has seen relatively small price movements in 2023 and 2024 compared to previous years. In the attached chart, I’ve highlighted the full price range for these two years—and the data speaks for itself. The market has been...
Will we see such move on #Dxy and price to drop down to 97.5? or we will see the drop to that area (97.5) straight away without prior move to the upside?
This chart is for the total market cap chart on monthly timeframe. as we can see, August monthly candle closed below the range, which increase the likelihood of further decline.
The first picture shows Bitcoin on the weekly timeframe. I conducted a full analysis of Bitcoin back on 20.07.2024. Be sure to watch it for a deeper understanding of the potential upcoming moves.
Summary:
• We have two scenarios. So far, the first scenario is unfolding as predicted in the video.
• On the weekly TF, as long as we are below the 78.6% Fibo...
Gold Potential Setups
Everything is explained on the chart. if we move against the trend, the sell trade, i would recommend to risk 0.5%. if we look for the buy trade (moving with the trend) then you can risk 0.7% - 1%. Keep in mind that tomorrow we have NFP
price might come to liquidate the last HL and then move to the upside (If Any)
This is only an idea...
You can see everything on the chart. where its clear that we are on D, 4h and 1h TFs we are in uptrend.
last week we had amazing entry with the community at the point market on that chart. we closed 50% of our position at the 3rd touch of the TL and we are still holding the remaining 50%
everything on the chart. so good to see that DXY pushed higher, so it pushed EURUSD lower, to this very critical point now. we have 2 scenarios as on the chart. scenario #1 where we will see price to move to the upside from here after testing the last HL on D TF (which so far price didn't break market structure) if price breaks below this point, it means that...
Please check the last 2 ideas about Total market cap and BTC price first. this is continuation on them.
The BTC dominance chart adds an intriguing perspective, showing an untested break below a significant support zone, suggesting BTC's market dominance could increase to 57%-60% in the short/medium term. This aligns with ongoing discussions about BTC's inclusion...
check the post before about Total market cap, as this is continuation to it.
Moving to Bitcoin (BTC), there's a noticeable rejection at the top resistance zone between $46,350-$48,350. Similarly, the lower zone, once resistance and not yet tested as support, might see another price spike before a potential downturn.
Conclusion: In the short to medium term, we...
The first chart highlights the total market cap, indicating the total volume traded in the crypto market. It shows two critical zones - resistance and support - which vary depending on the price's position relative to these zones. If the price is below, we consider it resistance; above, it's support.
From a technical analysis standpoint, we observe significant...
Take a look at this chart: Gold is currently forming a wedge, or triangle pattern – whichever term you prefer. 😊 With wedge patterns, we often see numerous fakeouts in both directions before the real, decisive move occurs. Another characteristic of these patterns is that as we approach the apex – or the 'nose' of the wedge – price movements tend to slow down,...
NZDUSD is presenting an interesting scenario on the charts. On the weekly time frame (TF), we’re seeing a downtrend, but shift to the daily TF and you'll notice an uptrend, marked by Higher Highs (HH) and Higher Lows (HL). The chart clearly shows the last HL on this timeframe. As long as the price doesn’t break below this last HL on the Daily TF and confirm the...
CHFJPY isn't a pair I typically trade, but I'm sharing this analysis by popular request from my followers. My trading approach is all about simplicity – if the market's signals aren't crystal clear, I hold back. That's why I always emphasize patience as a virtue and knowledge as your key to success. After all, if you don't win, at least you don't lose. 🙂
On the...
CHFJPY Outlook
here in this chart i share couple of scenarios for the CHFJPY pair. based on the price action for the next couple of days, i will decide what to do.
in general, the smart trade here is obviously to move with the overall trend (which is to the upside)
i personally wont get into this trade as far as price didnt take out the high of 2023 (IF ANY)
Welcome to 2024 – a year poised with unique opportunities in the Forex market! 🌟
Today, I'm delving into the key trends that are shaping our trading landscape.
We’re seeing intriguing patterns in currency strengths and global economic shifts that could significantly impact our trading strategies.
From the evolving dynamics in major pairs like EUR/USD to...
