Analysis of Gold Price Movement in May 2024 For the daily timeframe in May 2024, Gold has opened at a high level, indicating potential seller activity. The initial target for price movement is the open price of 2321.07 , serving as the primary take-profit point for the monthly structure. Utilizing Fibonacci analysis, the first take-profit level is identified at...
The EUR/USD monthly structure, viewed on a daily timeframe, indicates a SELL setup. The TDI (Traders Dynamic Index) has already shown a bearish cross, signaling the presence of sellers in the market. Additionally, the candle formation at resistance is an evening star pattern, which is a reversal indicator. On a smaller timeframe (H4), a triple top formation is...
The USTEC monthly structure on the daily timeframe is represented by OHLC, indicating a Sell Setup . We are currently waiting for a bearish TDI cross on the daily chart to confirm the presence of sellers in the market. Additionally, the candle formation at the high is an evening star pattern, which signals a potential reversal . If the trade moves in our...
GBPJPY on the daily timeframe shows a confirmed OHLC (OPEN HIGH LOW CLOSE) SELL Setup within the Monthly structure. TDI has indicated a bearish cross, suggesting the presence of sellers in the market. My target is set at 191.000 (Monthly Open). I advise patience in awaiting a sell signal to validate the selling momentum in smaller timeframes. LIKE , SHARE,...
Monthly Structure Analysis for EURGBP OLHC (Buy Setup) Examining the initial monthly structure for the year 2024 of the EURGBP currency pair in the daily timeframe reveals a distinctive OLHC pattern (Open, Low, High, Close), indicating an optimal Buy Structure. Currently, we are anticipating a TDI cross ❎ to validate the presence of buyers in the market. Upon...