The GBP/USD pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the downside in the coming hours. Possible Short Trade: Entry: Consider Entering A Short Position Below the Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around...
Short term buying opportunity on GBPUSD from CMP (Current Market Price), or after a break below the previous Wave 4 low ($1.30). ⭕️5 Wave Bullish Move Complete on HTF. ⭕️Bearish Wave 1 (5 Sub-Waves) Complete. ⭕️Waiting On Wave 2 (3 Sub-Wave A,B,C) Move.
Ethereum (ETH/USD) is rising towards the pivot and could reverse to the 1st support. Pivot: 2,493.86 1st Support: 2,396.64 1st Resistance: 2,566.10 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 investors, so please...
Here is my latest structure analysis for EURUSD for next week. Resistance 1: 1.0950 - 1.0970 area Resistance 2: 1.0996 - 1.1012 area Resistance 3: 1.1070 - 1.1110 area Resistance 4: 1.1190 - 1.1215 area Support 1: 1.0880 - 1.0916 area Support 2: 1.0777 - 1.0792 area Consider these structures for pullback/breakout trading. ❤️Please, support my work with...
I am looking for a 3 Sub-Wave correction into $109 for 2025. I believe this'll be fuelled by the U.S. elections. Donald Trump will be selected as the next puppet to run the U.S. economy. His 'MAGA (Make America Great Again' phase will push liquidity into the US Dollar. This is how I think the market will reach $109.
Option 1: Gold has been in a range today. Still expecting price to retrace towards the $2,630 zone, in order to grab weekly liquidity, before moving back up. Option 2: Gold carries on moving up towards our $2,700 target without any retracement. What option do you think is more viable?
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...
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)
So far a nice push up on Gold of 640 PIPS profit since last week, from our Wave V low! Currently, I am expecting a retracement back down towards $2,630 zone, where we can monitor price action for either a push back to the upside. Or if price carries on melting, we might see a deeper retracement back towards $2,580. 2 zones to monitor: ⭕️$2,630 ⭕️$2,580
The Dollar is moving bullish as I expected & running in huge 300 PIPS (3%) profit. This will push down Gold in the mid term along with other XXXUSD pairs. Targeting $109 for DXY for early 2025.
The Gold (XAU/USD) is falling towards the pivot which has been identified as a pullback support and could bounce to the pullback resistance. Pivot: 2,631.11 1st Support: 2,605.73 1st Resistance: 2,667.67 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...
The price is falling towards the support level which is a pullback support that aligns with the 50% Fibonacci retracement and could reverse from this level to our take profit. Entry: 2,631.79 Why we like it: There is a pullback support that aligns with the 50% Fibonacci retracement. Stop loss: 2,604.25 Why we like it: There is a pullback support level. Take...
USD/JPY is falling towards the pivot which has been identified as a pullback support and could rise to the 78.6% Fibonacci resistance. Pivot: 149.32 1st Support: 147.24 1st Resistance: 152.02 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...
Starting off the week with the US dollar, we saw a significant sell-off last week, which eventually led to consolidation as the week progressed. Price action currently suggests a potential move higher before any long-term downward trend continues. As mentioned in previous weeks' analyses, there is now a buyer's market emerging. We expect the current price action...
USD/ZAR is falling towards the pivot which has been identified as a pullback support and could rise to the 1st resistance which acts as an overlap resistance. Pivot: 17.3355 1st Support: 17.1641 1st Resistance: 17.59060 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....
The price has reacted off the resistance level which is a pullback resistance and could drop from this level to our take profit. Entry: 0.6747 Why we like it: There is a pullback resistance. Stop loss: 0.6791 Why we like it: There is an overlap resistance that aligns with the 38.2% Fibonacci retracement. Take profit: 0.6688 Why we like it: There is an overlap...
Bullish momentum seems to be holding up for GU & price action looks like it is getting ready to break above the current trendline, which'll indicate market is ready for further upside. Price compression within Wave IV to V is getting tighter, so if DXY weakens this week, it'll support further GU upside.