CHFJPY has broken and closed below a strong horizontal support level on an intraday basis. The highlighted blue area also serves as the neckline of a cup and handle pattern. This violation could lead to further downward movement in prices. The next targets to watch for are 171.19, which is the current lower low, and then 170.39. To enter trades, it is advisable to consider the broken structure.
Good morning! Here's your daily Nasdaq market analysis. Learn, grow, and trade wisely.
On the 4-hour chart, XAUUSD fell back after shock, and short-term bears have the upper hand. Currently, we can focus on the supply area of 2682-2698. If the rebound is blocked, we can consider shorting. The support below is around 2645.
Today’s Gold trading zones: For educational purposes only, use at your own risk.
Hello Chat DegenJake here, i hope you find yourselves well from health & mind. Let's get right into it shall we? VISUAL GUIDE:} Blue lines: Represent Active Weekly liquidity. Yellow lines: Represents Active Daily liquidity. White lines: Represents Active 4HR liquidity. Orange line: 0.5 Fibb Level on the Weekly Time frame from the swing low to swing high. As we can notice chat we have a very interesting chart formed on Gold. What do we see? We see gold wanting to perhaps take out liquidity level {Price level 2690: White horizontal 4 hr liquidity line} and then shove towards the bottom side to take various liquidity prices below. the major point of reversal whenever it decides to crash either soon or after march 14 our first lunar cycle. Well be updating you chat. I personally entered an extremely low risk position as i would like to acquire heavier positions once it takes liquidity to the upside first. i still see this market being a little early for the sell off but incase it happens quick without warning is why i have decided to start my first small position. the master plan would be to start DCA positions towards a SELL at price levels 2690 2720 2790 This is a super clean set up chat don't fade it!
LQTY ~ 1W #LQTY So far it continues to maintain its bullish structure. Buy gradually within this support block, with a minimum target of 20%+
After several years of stagnation, Gala seems to be forming a familiar pattern. The well-known Diamond pattern reminds us that sooner or later we will see an explosion in this currency.
CRYPTOCAP:XRP may be acting bullish based on the pending presidency or was targeted for that direction. Either way, the candlesticks tell the story. There is an inverted head and shoulders on the 30 mins time frame forming.
Before anything, pay attention to the timeframe; it’s a 2-day timeframe and requires patience. From the point where we placed the red arrow on the chart, it seems that the bullish LDO pattern, which was a triangle, has completed. LDO has now entered a bearish pattern of the same degree as the previous bullish pattern. LDO is expected to remain bearish in the medium term and not break above the red box marked on the chart. The low-risk area for buy positions in spot has been identified for buyers. The closure of a daily candle above the invalidation level will invalidate this analysis For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
Price currently trades at 0.91595 here’s a crucial juncture where price might continue to trade higher or make some kind of correction. USD has been strong for a while now technically & fundamentally. This week we have PPI & CPI report. We’d anticipate some high volatility around the current price level. It’s important to approach the market with proper trade plan and risk management