Based On My Trading Algorithms AUDJPY Is About To Move Down 300 Pips!!!
Due to the break and retest of the upslopping trend in the daily timeframe waiting for price to hit 19306 as on 61 of fibonacci
Gold continued to fluctuate in a range today, with intraday fluctuations narrowing. On the daily chart, gold has shown a trend of high correction since it fell back from the historical high of 2956.19 set on February 24. The current price is supported near the 50-day moving average of 2875, but it fails to effectively break through the 10-day moving average of 2890, indicating insufficient short-term momentum; at the 4-hour level, gold prices are sorting within the range of 2875-2910, with the relative strength index (RSI) located near 48, maintaining a volatile pattern. On the whole, today's short-term operation of gold suggests that the main focus is on callbacks and longs. The upper short-term focus will be on the 2910 first-line resistance, and the lower short-term focus will be on the 2875 first-line support. Buy around 2875-2880, stop loss at 2868
When trend line was broken, is the best time for buy px for minimum 1$ and I think the price of PX can touching 3$ , because we are in bullish market and Notcoin team is so smart ?
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In the 4-hour level, after a bottoming rebound, the technical pattern began to gradually repair, and the K-line began to slowly stand on the short-term moving average. There may be a certain rebound space in the short-term trend, but the strength needs to be considered. There is no particularly obvious trend in the hourly level trend at present, and attention should be paid to the short-term adjustment and repair. Well, since the general bullish direction is confirmed to remain unchanged, the medium-term trend is also bullish. For trading, this week will be mainly long on declines. After the big rise at the opening of the morning session, it can be determined that the beginning of the week is a very strong trend, but it is prudent not to chase long. The support point below is near 2858. Long positions need to wait for a decline to this point for trading. The rise on the same day will be 2885, and it can continue to rise if it breaks. For today's short-term operation strategy for gold, it is recommended to do more on pullbacks and short on rebounds. The short-term focus on the upper side is the 2880-2890 line of resistance, and the short-term focus on the lower side is the 2855-2858 line of support. Short position strategy: Strategy 1: Short 20% of the position in batches near 2885-2888 in the early trading of gold, stop loss 8 points, target near 2875-2865, break to see 2855 line; Long position strategy: Strategy 2: Long 20% of the position in batches near 2858-2860 when gold falls back, stop loss 8 points, target near 2870-2880, break to see 2890 line;
- daily 200 MA - lower trendline of the broadening wedge - 5750 is 0.382 fib from 5 aug 2024 to 19 feb 2025 you can expect a bounce around 5750 that could lead to new ATH around mid april/may if close daily below the trendline maybe hard times ? lets follow the arrows Confidence 5/10 as i'm not trading stocks
By referring historic price dynamics, I'll attempt to explain future possible swings and their limits structurally. But first it would be nice to drop a few words on recent history. As you remember price has broken below the triangle which caused the selloff establishing a bottom. The new Lower Low's can be referred through line that starts from triangle's low point. That line happens to be parallel to triangle's top side. Also we can see that recent uptrend locally stopped at line that covers lowest points of the triangle pattern. https://www.tradingview.com/x/Saqwa9HE/ The fact that a particular angle explains a considerable number of support and resistance points, justifies the use of fibonacci channel as one of the elements for future price anticipation. https://www.tradingview.com/x/7m7KNuKE/ The interconnected structure that you see in interactive chart factors in the coordinates newly established LL, the rejected LH and support levels of the broken triangle.
Hey guys, an idea for bitters Gartley Harmonic. Fib from lowest low to range high 0.618 on the monthly open (yesterday). Looking for support at this 0.6.18 with resistance at 0.382, 0.5, 0.618 or 0.888. From resistance a retrace to the nPoc (Naked point of control) at D and then back up to A. Happy trading :) Trade with caution and risk management.
Based On My Trading Algorithms GBPUSD Is About To Move Up 415 Pips!!!