FX:GBPUSD has broken out of the upward channel and may pull back to retest both the channel and the resistance zone at 1.26500. The market was previously in a range before breaking through a support level, which led to a strong bearish impulse leg. The price has respected this level by rebounding, resulting in several fakeouts and long-tailed bars. And recently it broke and closed below the level by forming large bearish bar. I expect the market possibly to retest this resistance zone before rolling back towards the support level at the channel border. My goal is support zone around 1.25770 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad ??
I think PEOPLE can reach higher levels and we are expecting our target which is 0.188 $ tp1 - 0.27 $ tp2 to be hit.
GDP data out of UK looking poor, hitting GBP lower. Will this price move continue?
LIC OF INDIA After bouncing from support near 900, LIC might head to higher prices WITH Q4 being the best for insurance companies, LIC has opportunity for SWING TRADE CMP - 930 SL - 850 Target - 1085 - 1190 DISCLAIMER: Not financial advice. Only for educational purposes Invest at your own risk
Targeting 2700 High risk trade 30% chance of success
Bears Beware! After about a 5% run up back above the 100k barrier, BTC finds itself falling 1% testing the barrier once more. Could this be an imminent win for the bears? It may look like it at the surface but there are many indicators pointing up. The Squeeze Momentum Indicator The squeeze momentum indicator finds squeezes where price action has ping-pong movement with little volatility. The histogram shows the direction of the momentum and the black dots show if there is a squeeze occuring with the white dots indicating that the squeeze has release. At this critical point we can see price regaining upward momentum. Hidden Bullish Momentum Typically, higher highs on the price chart with lower or even highs on the oscillator indicate bearish reversals. However, we can see a hidden bullish divergence occuring with higher price lows and lower oscillator lows. This typically indicates not a reversal but a continuation. The Golden Ratio If we draw a fibbonacci extension (starting from where the upward momentum starts locally, to where price action reverses downward, and finally to where it reverses upward) we can see critical fibb zones that can act as support and resistance. The one that the Bulls and the Bears are currently fighting over is one of the most vital fibb regions - The Inverse of the Golden Ratio (1/1.618 = 0.618) - which is conveniently around the 100k price level. What matters now is if BTC can continue to break through this level and turn it into support. BTC has shown the amount of upward momentum it has behind it seeing how after breaking through the 0.618 fibb level, it broke through the 0.768 fibb level reaching nearly 104k. If we are able to create support at the 0.618 level we may see enough momentum to reach the Golden Ratio, 1.618, fibb level of 117k. Always remember - Bears sound smart, Bulls make money. Don't forget - This is not financial advice.
The DAX index recently broke above a long-term resistance over the last 25 years. This breakout might be a **fakeout**, meaning it could reverse soon. **No strong macroeconomic reasons** seem to support this breakout. Long-term channels are usually hard to break without solid fundamentals. Market rallies like this often **retrace back into the channel**. Watch for a possible **reversal or consolidation** in the near term. What are your thoughts on this? Do you think this breakout is sustainable?
Hi guys, I made CAPITALCOM:US100 analysis for you. For this kind of analysis, please value my analysis with your likes Thank you very much to everyone who supports me by liking SIGNAL ALERT SELL US100 21,726.5 - 21,730.1 ?TP1: 21,700,9 ?TP2: 21,670,1 ?TP3: 21,600,1 ?SL: 21,831,8 Stay with love guys.
DXY is ready for a leg down, after bear div and topping within projected time on Daily. On 4H it's building up to a nice #SBS shape, where we can expect a move down. 4H time projection says downwards into start of, or mid, February.
XAUUSD corrected to 2680 after briefly retesting the previous high, indicating a mean reversion before continuing its surge. If XAUUSD sustains above 2680, the price may continue consolidating before resuming an uptrend. On the contrary, if XAUUSD closes below 2664, the price may shift to a downtrend.