EUR USD is bouncing from a support level after forming a Double Bottom Pattern. DXY US dollar Index is also dropping from a supply level after forming a Double Top Pattern. This trade is targeted to a RR: 1:2 - 1:3
Hello, dear friends! Brian here with an update on the EUR/USD pair! Currently, EUR/USD is leveraging a strong rebound from its key support level at 1.034, presenting promising opportunities for further upward movement. The pair appears to be consolidating, preparing for what could be a significant bullish breakout. The critical focus now is on the 1.035 resistance level, established from a prior breakout. A successful push above this level could transform it into a strong support, potentially driving the pair higher towards 1.038. This target aligns with previous liquidity levels and key EMA zones, adding confidence to the bullish outlook. If you find this perspective insightful, don’t forget to leave a comment, share your thoughts, and spread the word with your friends. Let’s dive into this market together!
Don't chase the rebound high easily now. Continue to short the Asian session rebound. The 4-hour moving average of gold is still in a downward dead cross. The resistance of the gold moving average has now moved down to around 2645. As long as gold does not break through the upper resistance of the shock, it will continue to be short. Gold has been under pressure near 2640 and has fallen back many times. If there is no strong breakthrough above 2640, gold may still be blocked and fall back. First support: 2620, second support: 2613, third support: 2605 First resistance: 2638, second resistance: 2645, third resistance: 2653 Trading strategy: BUY: 2619-2617 SELL: 2638-2640
GOLD ON retest of 2621 support continued in the bullish leg of 2606 impulse ,on technical it could reach 2644-2648 for sell. and extreme volatility could reach 2674. watch out 2644 level
GBPUSD Technical Update (H1 Timeframe) The GBPUSD is continuously rejecting the support area at 1.25000, signaling a potential move in the buy direction. ? ? Key Levels to Watch: Support Zone: 1.25000 Resistance Zone: 1.25450 Next Target: 1.26500 This setup offers a promising opportunity for bullish traders! Stay focused, follow the trend, and let's aim for success together! ?
well last time i ate sushi was not a good exprience, but tonight feels diffrent...
CADCHF Market structure are now in Bullish structure. Spotted demand area (Green Rectangle) and this area are breaking a new high so it the evidence of strong trend continuation. Entry Position : Long Profit Target : 1:3 Shown on the chart image (Green Line) Stop Loss : Slightly below demand area (Red Line) Follow me if u guys making any gains from this idea. Thanks Vienmelodic
The market sentiment has changed to bullish for a small period of time. So that means I'm looking for sell opportunity's because the price will fall down after a small bullrun like this. Polkadot is one of the candidates that is reaching a nice supply zone. So the trade idea is simple I place a limit buy order at the indicated area, and if price is exhausted enough if will fall down very quick.
S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions, reported a 3.6% annual return for October, down from a 3.9% annual gain in the previous month. The 10-City Composite saw an annual increase of 4.8%, down from a 5.2% annual increase in the previous month. The 20-City Composite posted a year-over-year increase of 4.2%, dropping from a 4.6% increase in the previous month. New York again reported the highest annual gain among the 20 cities with a 7.3% increase in October, followed by Chicago and Las Vegas with annual increases of 6.2% and 5.9%, respectively. .
EURUSD Market structure are still now in a bearish mode. Spotted nearest supply area (Red Rectangle). This is the first supply area that breaking the market structure, it's ussually very good area to entry. Entry Position : Short Profit Target : 1:3 Shown on the chart image (Green Line) Stop Loss : Slightly above supply area (Red Line) Follow me if u guys making any gains from this idea. Thanks Vienmelodic