#trading_idea #Gold 💡 👑#Gold- Slide Down A descending triangle has formed on the 4-hour chart. Despite a minor bullish trend, a downward correction is possible if the support at 2508 does not hold. 🔽We might see a correction downwards to support the 2498 key level. 🔼Alternatively, the price may rebound from 2508 and rise towards resistance zone 2517 -...
#trading_idea 💡 💸 #USDJPY - Correction Up is possible. On the hourly chart, a Double Bottom pattern is forming. The MACD suggest that the upward correction might continue. 🔼If the price breaks through resistance 144.300, a rise towards151.312 and 145.012 is possible. 🔽Otherwise, a return to the support at 143.386 is likely. Remember - Stop Loss is your...
#trading_idea #GBPJPY 💡 #GBPJPY - Possible Correction Upwards On the hourly chart, we can see the price testing the key level of 189.333. There is a candlestick formation indicating a possible correction upward. The MACD suggests potential growth, even though the pair is trading below the MA(100). Possible scenarios: 🔼If the prise break through 189.933...
#trading_idea #Gold 💡 👑#Gold- Correction Downwards is Possible Despite the uptrend, gold might be over-positioned to the long side, and we could see sell-offs and some profit-taking. On the 30-minute chart, there are six consecutive green candles. The RSI is in the overbought zone. A downward correction is possible before the uptrend continues. 🔼A rise towards...
#trading_idea #EURUSD 💡 💸 #EURUSD - We May See A Further Decline With Powell's speech coming up later today, the markets are starting to adjust. On the 1-hour chart, the euro has slipped below the 50-period moving average and the 1.1130 resistance level. A bearish engulfing candle suggests that the decline might keep going. The MACD is showing that the bears are...
After setting new 🚀records, it seems that gold is ready for a correction. On the 4-hour chart, the price is already testing support levels. The RSI is exiting the overbought zone. A Head and Shoulders pattern may be forming. 🔽We might see a correction downwards on profit taking to support the 2485 key level, with a possible further slide to 2476. 🔼Alternatively,...
#trading_idea #GBPUSD 💡 💸Sterling - May Recover towards 1.1287 On the 1H chart, the price is testing the resistance level of 1.2851 for the second time. Despite the overall uptrend, a correction to 1.2828 is possible. The RSI is in the overbought zone, indicating the potential for such a move. The pound strengthened a touch on Thursday after data showed...
On the 4-hour chart, the price is trying to break the key level of 60,993 and the MA(100). The MACD indicates the potential for further upward movement. 🔼Idea: Buy if the price breaks above the MA(100). 🎯Target 62316 😎 Hit "👍" if you believe the price will rise and "👎" if you think it will drop.
#trading_idea #GBPUSD 💡 💸Sterling - May Recover towards 1.1287 On the 1-hour chart, it's clear that the pound has confidently bounced off the support level at 1.2816 and is now testing the level at 1.2843 following today's drop, in response to the UK inflation rising to 2.2%. The trend remains bullish. The RSI suggests that the upward movement might continue....
#trading_idea #NZDUSD 💡 #NZDUSD - Possible Rebound Up On the 4H chart, we see a sharp drop in the pair following the Reserve Bank of New Zealand's decision to cut the key cash rate and signal more cuts ahead, catching some market participants off guard. The price is still trading within an uptrend channel and is currently testing the lower boundary as well as a...
#trading_idea 💡#Bitcoin 💸#Bitcoin - Is Trying to Recover On the 4H chart, the price is testing the key level of 59589. The MA(50) has been providing solid support since August 11th. RSI has formed a bullish divergence with the price chart and is currently attempting to break through the 50 level. 🔼If the price break the 59589 the further rise to 61295...
#trading_idea #EURGBP 💡 #EURGBP - Possible Correction Up On the hourly chart, it's evident that the price has strongly bounced off the support level at 0.8531. According to the Heikin-Ashi candles, a reversal towards an upward correction seems likely. The MACD also suggests a potential upward correction. 🔼We may see a break of the 0.8543 resistance, with a...
#trading_idea 💥 🔼Sterling rises after UK unemployment rate unexpectedly falls 💸GBP/USD: The pound strengthened on Tuesday after unexpected data revealed a drop in the UK unemployment rate for June. The jobless rate fell to 4.2%, down from 4.4% in May, defying expectations of a rise to 4.5%. In response, sterling climbed 0.24% to $1.2797, up from $1.2779 before...
#trading_idea #USDJPY 💡 #USDJPY - Yen is Weak On the 4-hour chart, there's a noticeable price squeeze towards the key level of 147.57. The pair is trading above the 50-period MA, while the RSI is above the 50 line, indicating a potential continuation of the upward movement, as confirmed by the Parabolic SAR. The yen fell against the dollar on Monday in calmer...
#trading_idea #US500 #US500 - Key Moment On the daily chart, it’s visible that the price is testing a key resistance level at 5360. The MA(100) is already slightly lower. Traders have bought the recent dip. A Bullish Engulfing candlestick pattern has formed. At the same time, the Stochastic indicator suggests a possible continuation of the asset’s upward...
#trading_idea 💡 The price broke through the uptrend line, which has been the support of the pair for a long time. MA (20) is higher than the price, while the MACD indicates a possible downward correction. 🔼 If this is a false brake down of the trend line the price may come back towards resistance 187.523. 🔽Otherwise, a slide to the support at 186.152 is...
#trading_idea 💡 👑 #Gold - Possible Continuation of Growth The hourly chart shows the price movement within the ascending channel. The formation of an ABCD pattern with the possible development of an upward movement is also noticeable. The price is above MA(20) at the same time, the RSI is above the 50 line. 🔼We might see a break of the 2415 resistance level,...
#trading_idea 💡 💸 #AUDUSD - The Pair is Climbing up On 1H chart the price is trading in the uptrend channel. We may see the attempt to break up the resistance 0.6568 for now. However, there is a chance for correction downwards with lite divergence RSI and price's chart. 🔼If the price breaks up the resistance 0.6568 the further rise to 0.6584 is...