Over the Months, This Asset has been trading within a contracting triangle which is a clear indication of a bull trend after a break out of 0.10680. I advises investors to wait and join the upcoming bull moves ahead as price is gathering momentum.
Of late, CAD has been ranging. Playing between 1.3105 and 1.3878. The overall trend to me is bullish. I do expect CAD to drop further to the demand zone and gather momentum to break the 1.3878 resistance level. As it stance, it's trading within a complex WXY structure.
Over the weeks, GBPUSD price has been pushing to the up size in a diagonal channel which signifies some form of weakness in the bull move in the days ahead. As it stands I expect it drop a little below 1.2945 zone and push up further to 1.3333 to complete it bull run and drop. A sell stop should be placed t 1.3345 zone
USDCAD for some time now has been revolving around 1.310 support and 1.3878 resistance level. The overall structure can be said to be bearish looking at the WXYXZ structure formation. From, trading perspective, I expect it to continue to fall from that height 1.3800 back to 1.3100 zone to complete the z of the WXYXZ complex structure.
On the daily chart you could clearly see nifty has form a zigzag ABC structure with small internal structures. the current upwards movement is the C leg of the bigger ABC which has currently tested 18875.30 resistance level. In the upcoming days, Nifty will pause by retracing lower to find support around 18084.60-170600.00 zone I advise you take a long trade...
There are number of psychological factors that make it very easy to assume that it is what you don't know about the markets that causes your losses and lack of consistent results. join me here as I coach you to rethink again. Let prove to you that the consistency you seek is in your own mind and not the market. When you look at BTC USDT chart we can see a sudden...
From the chart, we can see that the price is moving within a bearish channel for the the past weeks. Price already created a strong resistance zone near 1968 and continue to hold which is a clear indication that this bearish movement will hold. The last zone of support will be near the base of the channel after completion of the bigger WXY and it's internal...
Trade idea on FET/USDT. This pair is trading in a bearish triangle. Enter a short position at the current market price with a target at 0.2500 Trade long when market price fall below 0.2300 -------------------- Targets: 1: 0.51 2: 0.6 3: 0.7428 Trade safely! -------------------- About Fetch.ai: "Fetch.ai is an AI-backed blockchain environment that helps...
Every rise (if you look at the last five attempts) has always ended with a fall ⠀ Notice how in waves 1, 3, 5 the market managed to move the market higher, then after the end of the 5th wave, every surge upwards looks like a correction of the downward movement, which is controlled by the bears Trade Guide sell @ 0.8524 stop loss @ 0.8544 TP 1 @ 0.8402 TP...
Binance Futures UNFI/USDT has confirmed a bearish ABC scenario wave B retraced around 61.8% of the wave A leg trade guide sell @ 62.23, the break of the lower channel of wave B Stop loss @ 6.527 take profit @ 5.20 (-27.00) fib level
Many traders see a trend continuation here, I still have doubts so let's close our short positions when market opens and join the long-term reversal. There are several reasons that support this buying scenario ⠀1. strong support zone confirmed with candlestick pattern 2. bullish momentum and very strong demand area 3. a completion of a 3-3-5 flat...
I see several reasons for future USD/CHF decline: ⠀ 🔹 Resistance level 🔹 Candlestick 🔹 61.8% Fibo
Elliott Wave Principle is a theory about how financial markets move, and it's used by traders to predict the movement of the market. It was developed by Ralph Nelson Elliott in the 1930s, and it's still in use today. To use Elliott Wave principles, you have to be able to identify when a movement in the market is not just a regular up or downswing, but actually...
The SSE Composite Index is an index of all companies trading on the Shanghai Stock Exchange in categories A and B. On a large timeframe, the price has now soared high with strong momentum support. Volatility has shrunk to the downside. From a technical analysis perspective, this pattern is a flat that has unfolded in a 3-3-5 structure. (normally labeled ABC) wave...
XRPUSD cryptocurrency this week has attempted corrective growth, Yesterday, a strong impulse could be observed at the XRP. This is due to the fact that the new Biden law put a checkmate in the case with the SEC. I'm expecting XRP to cost more to be part of the new financial system. During the first cycle, we had a strong bullish impulse which was then corrected by...
AUDUSD has started a near-term bearish move falling from 0.74405 since 2022-03-07. This pair will continue to move down due to many fundamentals surrounding it. From a technical analysis perspective, it has completed the first down move (impulse 12345). among the corrective phase, wave C is also having some impulse characteristics. it is so straightforward. Short...