After the pump, the price has hit a strong and fresh order block, which could push it down toward the origin of the move. If the price reaches the Demand zone, we will look for buy/long positions in this area. A daily candle closing below the invalidation level will invalidate this analysis. Do not enter the position without capital management and stop setting Comment if you have any questions thank you
The price perfectly fulfilled my last idea . It hit the target zone. FX:GBPNZD price is making higher highs and higher closes, indicating that the market is in a bullish phase. Recently, it tested the previous resistance zone and then bounced back because the markets usually breaks through key levels on the third or fourth attempt. If the market rebounds from the support level, we can expect a continuation of the current bullish trend. Additionally, the market is forming an ABC pattern, suggesting that the price may reach the 2.3000 level in the near future. My goal is resistance zone around 2.29000 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad ??
??? Gold news: ➡️ The price of gold (XAU/USD) continues its decline after reaching an all-time high on Thursday, though it remains above the $3,100 level in early European trading. Optimistic traders are taking profits and scaling back their positions amid mildly overbought conditions. However, persistent concerns over potential economic harm from President Donald Trump's reciprocal tariffs are expected to support the safe-haven appeal of the precious metal. Personal opinion: ➡️ The effects of the gold price increase are too much. Therefore, the current decline in the gold price to the 3125 area compared to the peak of 3167 is just profit-taking by buyers. Consider strong technical resistance - support zones to get the best profit for you ➡️ Analyze based on resistance - support levels and Pivot points combined with EMA to come up with a suitable strategy Resistance zone: 3137 - 3150 - 3165 Support zone: 3113 - 3100 - 3184 Plan: ?Price Zone Setup: ?Sell Gold 3150 - 3148 (Scalping) ❌SL: 354 | ✅TP: 3145 - 3142 - 3139 ?Sell Gold 3165- 3167 ❌SL: 3172| ✅TP: 3160 – 3155 – 3150 ?Buy Gold 3086- 3084 ❌SL: 3079| ✅TP: 3090 – 3095 – 3110 ?Buy Gold 3100- 3102 ( Scalping) ❌SL: 3095 | ✅TP: 3106 – 3112 – 3120 FM wishes you a successful trading day ???
After clear run up - changing trend and crossing swing high, nifty is forming a higher bottom for the mentioned targets. looks like a party for bulls in the next few months
Good Morning, Yesterday presented a good opportunity for a day trade, however since most accounts charge 2% on Crypto you were basically cutting your profits to 2-3% depending on when you closed out. Currently we got rejected, mid-way to the next resistance line. Trend is showing bullish and is looking for another support to land on.
Hello, I am Forex Trader Andrea Russo and today I am talking to you about what happened yesterday, Liberation Day. Yesterday, US President Donald Trump announced new "reciprocal" customs duties against several countries, including the European Union, China, the United Kingdom and many others. This announcement, called "Liberation Day" by the White House, has triggered a series of chain reactions on global markets. The new tariffs, ranging from 10% to 46%, have been justified as a measure to rebalance international trade practices and protect the American economy. However, the immediate impact has been a significant collapse of global stock markets. Investors, worried about possible retaliation and the escalation of trade tensions, have reacted by massively selling their shares. In Europe, European Commission President Ursula von der Leyen said the EU was ready to respond with appropriate measures, while Italian President Sergio Mattarella called the new tariffs a "profound mistake." The oil market also took a hit, with the price of WTI falling to $69.87 a barrel. The impact on financial markets was devastating. On Wall Street, the Dow Jones closed down 3.5%, while the Nasdaq lost 4.2%. European stocks were not far behind, with London's FTSE 100 losing 3.8% and Frankfurt's DAX falling 4.1%. Asian stocks also suffered sharp declines, with Japan's Nikkei closing down 3.7%. For forex traders, these dynamics represent both a challenge and an opportunity. Market volatility can offer opportunities for profit, but it also requires careful risk management. It is essential to closely monitor geopolitical news and market reactions to make informed decisions. In conclusion, the global economic landscape is in a phase of great uncertainty. As a trader, it is essential to stay updated and ready to react quickly to changes. Keep following my updates for more analysis and trading tips. Happy trading everyone!
The continuous bullish momentum this week looks good for the Euro as it approaches daily level of supply. We can sail with the trend wave as we target our daily supply area with good reward to risk.
Hello traders, GER40 is flashing a prime shorting opportunity! On the higher timeframe, the index has formed a double top, a classic reversal pattern. The setup has been confirmed with a decisive neckline break, signaling strong bearish momentum. I'm watching for a slight pullback to the neckline, where I'll be looking to enter short positions. My initial target is 21,637, with an extended move down to 21,112 if sellers maintain control. Stay tuned for updates, and if you find this analysis valuable, give it a boost! Let’s catch this move together. ??
Here we have a classic pattern and price dynamics. A major high leads to a low and then a recovery wave. The recovery wave peaks before reaching the previous high and this reveals that a new drop is approaching. Trading volume is low on the current rise and the latter part of it goes into a parabola. A parabola can only end in a retrace. DGKC is now set to produce a correction, this correction is set to develop in the short- to mid-term. RSI indicator if at over bought level while MACD is line is above the signal line, and can show a cross over which establish some negative stance on the price. Fibonacci levels for the support are PkR123 (0.382 level) and PkR119 (0.5 level) from where a pull back can be expected On the flip side, if the price gives a break out and closed above PkR137 level then only new bullish wave is expected.
BUY 147.000 | STOP 146.500 | TAKE 147.500 | From the formed local support.