Dear colleagues, I believe that at the moment we have a great opportunity to find an entry into a short position that will bring us many pips.
The fact is that the wave “2” of the middle order is completed, which means that the wave “3” of the higher order continues the downward movement in the wave “3” of the middle order.
I expect the price to rise a bit more...
Dear colleagues, I believe that the upward movement is not over yet and the end of the movement in wave “5” is ahead.
At the moment I see the support area of 5800, from which I assume that the price will reach the area of 5915.
Then we will look for a short trade entry, but for now all my thoughts are only on long positions.
Manage your capital correctly and...
Hello Traders !
On Tuesday 24 Sep, The NZDUSD reached the resistance level (0.63414 - 0.63696) and formed a rising wedge pattern.
Currently, The support line and support level are broken!
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TARGET: 0.60000🎯
CAD/CHF is falling towards the pivot which has been identified as a pullback support and could bounce to the 1st resistance which acts as a pullback resistance.
Pivot: 0.62079
1st Support: 0.61788
1st Resistance: 0.62555
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to...
GBPUSD price is facing a credible resistance zone. If the price action is able to print a convincing Higher High and break this zone, it may be a signal towards a proper Bullish breakout.
Bulls may eventually face a strong resistance zone around 1.3401 till 1.3515. If there is considerable Bullish momentum in this price zone, chances of TP2 may increase. Till...
EUR/NOK is rising towards the pivot which is an overlap resistance and could drop to the 1st support.
Pivot: 11.74053
1st Support: 11.64963
1st Resistance: 11.77924
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all...
👋Hello Traders,
Our 🖥️ AI system detected that there is an H1 or higher timeframe ICT Long setup in
NZDCAs for session trade (a couple of hours)
Here is a session trade idea (since it is near support surface, we should use small lot size)
Please refer to the details Stop loss, Buy Zone,open for take profit.
For more ideas, you are welcome to visit our profile...
Dear colleagues, I believe that at the moment we have a great opportunity to find an entry into a short position that will bring us many pips.
The fact is that the wave “2” of the middle order is completed, which means that the wave “3” of the higher order continues the downward movement in the wave “3” of the middle order.
I expect the price to rise a bit more...
Economic events this week that could impact gold include U.S. retail sales data to see if consumer spending continues to be resilient, and the European Central Bank’s monetary policy decision on Thursday. Markets will also be watching the Empire State manufacturing survey, weekly jobless claims, housing starts and U.S. building permits.
Based on the demand of a follower here, we decided to look into BANKNIFTY for the first time ever...
We anticipate BANKNIFTY heading to either of the two zones up there marked with a blank line, the we expect a great fall on BANKNIFTY...
Should this align with your analysis, endeavour not to miss out on it!
Colleagues, price made a strong downward move and I redrew the waves. At this point, I believe price has just now completed wave “4” and I believe price will start an upward movement. First of all I don't want to set the target too high.
The 1st target is the resistance area at 1.11551. This is the area where volume accumulations have been taking place. In any...
The sell signal after the Double Top (September 23, see chart below) and the RSI Lower Highs rejection turned out to be a very accurate one and the price has already covered 75% of the distance to hitting our 1.08350 Target:
Given that there shouldn't be much divergence until then, we want to focus today on the 1W time-frame. As you can see, based on the...
The U.S. Dollar index (DXY) is on a strong green 1M candle, already halfway through the month of October, as it is rebounding after making an exact test of the 1M MA50 (blue trend-line), the long-term Support.
On this chart we can see the DXY's multi-year price action. Even though it was on a heavy downtrend since the February 1985 High, it managed to break above...
Time to buy gold as we're following a bullish trendline, but also, we're hitting an old resistance which was broken before (so it can become a support).
A clear 5-wave bearish impulsive move, followed by an ABC bullish correction, sets the stage for a potential bearish wave C or wave 3.
From a trading perspective, it’s not crucial whether the next wave is C or 3, as both scenarios indicate a likely bearish move. Additional confirmation comes from the bearish divergence between potential waves 3 and 5 in the...
Based on our powerful and profitable private trading indicator attached to the chart, it shows that EURUSD will be heading to the downside. A New sell alert has shown and we will be selling now. We will be taking profit to the next support level (yellow line)
. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
week ago today, the USDCHF made a break to the upside and out of the "Red Box" that had confined the pair going back to August 20. The US jobs report was the catalyst for the move higher, but by Monday, the price fell back to the high of that "red box" and even moved within the topside edges of it.
Sellers should have entered on that breach, but the momentum was...
