Monitoring Gold over a monthly timeframe We can look to the charts to form an opinion on whether gold has a fractile nature or not. The first blue parallel channel lasted 3 years and the price of gold went up around 176% going from $706 to $1911. I've noticed how gold beautifully forms an almost perfect representation of previous price action. If it does...
BTC/USD is falling towards a support level which is an overlap support that aligns with the 38.2% Fibonacci retracement and could potentially bounce from this level to our take profit. Entry: 65,136.71 Why we like it: There is an overlap support level which lines up with the 38.2% Fibonacci retracement. Stop loss: 63,421.66 Why we like it: There is a pullback...
Tomorrow, May 20, 2024, normally, the NQ is bulish. The 15M +FVG is located in the discount, supported with a 15M +OB
Hello traders! We're in 3 trades at the moment! Also we have 4 purple pairs (close to a trade) Next to that we have 1 green pair, and 2 orange pairs. And finally, a very good result once again with Gold! Enjoy the video, good luck this week and happy trading! :)
Bias is Bullish. Came very close to the DOL, and barely missed the FVG. I expect both will be tapped next week. The IFVG, price trading through the swing high, and the +FVG, are multiple confluences that support the idea that price will find support at these levels and continue higher. Expecting price to tap the +FVG before heading higher. Thank you for...
Price is rising towards a resistance level which is slightly above the 161.8% Fibonacci extension and could potentially drop from this level to our take profit. Entry: 0.66883 Why we like it: There is a pullback resistance level which is slightly above the 161.8% Fibonacci extension. Stop loss: 0.67211 Why we like it: There is a pullback resistance level which...
Hello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (ETHUSDT 1M chart) You can see that ETH has a volume profile around 2.7K and in the 1.4K-2.0K range. Also, due to this decline, the HA-High indicator appears to be moving from the 3321.30 point to the...
Looking for price to drop down and break my CHoCH zone, which will be my sell entry zone. Prize can make a retracement back to the CHoCH zone and then continue to drop more to the downside.
Bias is Bullish. Price traded through bearish PD Arrays, respecting bullish ones. Currently, price is in a +FVG, hence the bullish bias. Price is very close to the DOL, a swing high. Price may tap the +FVG more than once before heading higher. Expectations are for the DOL to be swept next week, as price grinds upward. Thank you for viewing! Leave any...
shib is still in key support and key resistance of 0.000020 & 0.000025 in coming days we will see a downtrend then we will go back again.
Sentiment : Bearish On 8H, Daily and Weekly, we can see a clear head and shoulders. March seems to be giving the final leg of the right shoulder. Looking from the start of year, we had a bearish impulse followed by retracement. Retracement hit 61.8 fib a rejected perfectly into another bearish leg (finishing right shoulder of H&S pattern mentioned)...
NZD/CHF is rising towards a resistance level which is a pullback resistance and could fall to our take profit. Entry: 0.55902 Why we like it: There is a pullback resistance level. Stop loss: 0.56759 Why we like it: There is a pullback resistance. Take profit: 0.54882 Why we like it: There is a pullback support level. Please be advised that the information...
The token remains channel bound. The chart provides a clear explanation, showing a lot of activity. It could still be in the accumulation phase, as the selling pressure continues to decrease, indicated by low-volume bars. There's no reason to be bearish yet, but that could change at any moment. DISCLAIMER: This is not financial advice (NFA); please conduct...
Bias is Bullish. The reaction to news and world events was enough where there was no need for the +FVG to be mitigated before the rally. Lots of momentum in that move. All HTFs are bullish. Although we selll above highs as a general rule Expectations are for the DOL to be reached over the next week or so, as price grinds higher. For buyers, wait for...
AVAX is looking good after a breakout retest, took a decently large position, expect it to reach the pattern top at 40usd. Stop loss will be if it closes under the trendline on the DAILY timeframe. TP 40USD SL DAILY close below trendline R:R 5