BTC setting up for a bear trap. Parallel wedging down back to red line at $96K. RSI overbought MACD diverging back towards an equilibrium
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I expect Sol to deep one more time below 190, but not much lower... then my long will be unleashed.
Following a 12% plunge since topping out at US$0.6942 at the beginning of October 2024 – with pullbacks few and far between – the AUD/USD (Australian dollar versus the US dollar) is pencilling in what appears to be a diamond bottom pattern around US$0.6150ish (made up of a broadening formation and a possible symmetrical triangle). What’s technically interesting from the daily chart is that the diamond bottom is forming from monthly support coming in at US$0.6094. Following at least two tests of the symmetrical triangle outer edges on each side, should this pattern complete – price breakout to the upside – strong moves higher could be prompted once established.
Hello Traders, These are the zones I think the pair might react to in near future. Any breaks below the 188.115, would activate the selling scenario over 189.115
In a low range with confirmation, buying can be expected.
Gold faced some positive pressures at the beginning of the week, as it crossed the resistance line of its ascending channel, and today, it is providing additional strength in drawing a deeper correction. It is worth noting that the fundamental analysis is indicating positive momentum, which indicates the possibility of further upside in the near term. Given the current technical setup, it is reasonable to expect gold to continue its positive trend in the upcoming general sessions. So, with the broader bullish scenario continuing as long as prices remain above the $2840 support level. After the short-term bearish correction, the overall market trend remains constructive for gold buyers. For today, traders can expect gold to trade bullish in areas such as; $2883.00 , $2903.00 and $2933.00 . If the metal can hold above the $2880.00 resistance level and maintain its bullish stance, it is likely to push towards the upper end of this range in the near future $3000 . Trading Recommendations Buy Gold
God First Minimum Risk Maximum Reward Believe Action Backed
In a low range with confirmation, buying can be expected.
I am expecting a sweep of Asia Range High liquidity, followed by a quick fall to the 1820 price area. This will serve as a correction/retracement for further bullish momentum. A potential market reversal can only be expected on Friday during NFP. This is counter trend so use correct Risk Management. It is a 1:9 Risk/Reward Ratio trade.