Something like this would make sense for us on Dow Jones, we gapped up massively to start the week and we are still looking to continue higher, once the dust has settled, we can see where we are on US30 and which zones are in play. Hopefully we can gain something buy catching longs from this 42,300 price when it trades higher and retests again as support price....
Short GBP/JPY at 196.55, I'm anticipating a reversal from this previous support level, with a take-profit target at 194.70. Technical Overview: Previous Support as Resistance: The 196.55 level previously acted as support and is now expected to serve as resistance, a common technical pattern where broken support levels become resistance.
This currency pair is currently moving within a descending channel and trading below its resistance zone. Given the current conditions, after some minor fluctuations and corrections, the price is expected to move towards lower levels.
USDJPY form head and shoulder mode, recommend selling! Sell USDJPY around 153.1 . Price may push up now until NFP so be on the lookout for this one. Price has created a head and shoulder structure which ends at 149.1
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the downside. So we are locally bearish biased and the target for the short trade is 40K Wish you good luck in trading to you all!
Let's talk about BTC! After Bitcoin (BTC) finally broke key resistance after 228 days, there is an opportunity to achieve a new all-time high (ATH), which I estimate could reach between $86,000 and $91,000. The current structure of BTC indicates that we are in an ending diagonal, suggesting that we are approaching the end of the current bullish trend, which...
XAUUSD-touched the lower boundary of my sell zone Hello, traders, over the past 10 days, I’ve consistently noted that XAUUSD is primed for a significant drop, especially after its 2,000-pip gain over 20 days. A strong correction is both healthy and expected. Yesterday, after a brief new all-time high, Gold dropped sharply, declining roughly 600 pips from top to...
Gold (XAUUSD) fell significantly yesterday, with prices falling below $2,780 and now hovering around $2,750 — marking its best recovery since mid-October. So, what's driving the metal? Key drivers: Gold's uptrend is supported by fundamentals, especially the possibility of the Fed pausing rate hikes if inflation continues to slow. Additionally, geopolitical...