


Gold has surged to the 3200 psychological level, completing a strong bullish leg. However, the current price action shows signs of exhaustion, with RSI pushing into overbought territory and a potential rejection wick forming. Technical Confluence: • Price is stalling near 3200, a key resistance zone. • RSI > 70, signaling overbought conditions. • Price is...
After a strong bullish rally, EUR/USD has approached a major weekly resistance zone around 1.1295, a level that has held multiple times since 2023. On the weekly timeframe: Price has tapped into this resistance area and is showing signs of hesitation. The RSI is at 67.59, approaching overbought territory. A solid move has already played out, and we could be...
Entry: Short at the current market price around 1.10396, as the pair is approaching the resistance zone. Stop Loss: Place your stop above 1.11800 to limit risk in case the resistance fails. Take Profit: Target 1.07653, which offers a solid risk-to-reward ratio. This aligns with previous price action and key support levels. Why This Makes Sense: Resistance...
GBP/CAD is showing signs of exhaustion after a strong rally. Price has hit resistance around 1.87, and rejection at this level aligns with my short setup. 🔹 Reasons for the Short: ✔️ Price struggling to break above key resistance. ✔️ Overbought conditions on the Stochastic Momentum Index (SMI). ✔️ Volume declining, signaling potential weakness in bullish...
The EUR/AUD currency pair has experienced a sharp upward movement, reaching a key resistance level. Given the overbought conditions indicated by the Stochastic Momentum Index (SMI) and historical price action, a potential reversal is anticipated. The trade setup involves entering a short position near the 1.72576 level, with a stop loss set around 1.74375 to...
Overview This analysis presents a long trade setup for the USD/NOK currency pair based on the price action within an ascending parallel channel on the daily timeframe. The market is currently testing the lower boundary of the channel, suggesting a potential buying opportunity for a reversal towards higher levels. Technical Analysis 1. Price Channel & Key...
The chart represents the Bitcoin (BTC) price against Tether (USDT) on a weekly timeframe from Binance. It includes key technical indicators, such as the Stochastic Momentum Index (SMI) and Relative Strength Index (RSI), as well as a long-term ascending price channel that has historically contained Bitcoin's price action. The red line drawn within the channel...
For those trading on longer time frames (daily and weekly), this could be a good opportunity to consider opening a long position on #USDSGD. I set my limit buy order @1.28418 Please note, this is not financial advice—it's intended for training and learning purposes only.
My prediction for BTC’s next moves: the peak price in the current bull market is likely to reach around $130,000 per Bitcoin.
This analysis is intended for long-term and swing traders. There appears to be a good opportunity to long USD/CHF. Please set your Stop Loss (SL) and Take Profit (TP) levels according to your trading strategy. Please note, this is not financial advice—it's purely for educational and training purposes. Good luck!
This analysis is intended for long-term and swing traders. There appears to be a good opportunity to short USD/CAD. Please set your Stop Loss (SL) and Take Profit (TP) levels according to your trading strategy. Please note, this is not financial advice—it's purely for educational and training purposes. Good luck!
I recommend keeping a close watch on the technical levels and following the trade with appropriate Take Profit (TP) and Stop Loss (SL). Risk management is crucial, so please adjust your TP and SL based on your risk tolerance and market conditions. If you find this idea helpful, don't forget to like and follow for more updates! and dont forgot , it's not...
Here is my prediction for BTC , not financial advice ,
Please wait for the price to trigger the short order, set your TP and AL accordingly not financial advice
Here are the next 2 waves. Please do your own research before opening any position not financial advice.