Gold edged higher, extending its first weekly gain since the Middle East conflict began, as buyers stepped in after recent declines. Prices showed resilience even as oil rose and equities weakened, suggesting dip-buying is supporting the market. The escalation of the conflict, including involvement from Iran-backed groups and increased US military presence, has added uncertainty…
GBPJPY ā Weekly Analysis GBPJPY is currently trading at 212.61 , sitting in a defined range with a split technical picture. Moving averages from MA5 through MA200 are all flashing strong buy, with 12 buy signals and zero sell signals on the daily timeframe. That’s a clean bullish stack across the board. Both the BoJ…
Hereās the 1H view š We can see a clear, aggressive selloff with strong bearish candles driving price straight into this area. Momentum remains heavy, with only minor pauses on the way down – no real signs of strength yet. Price is currently reacting around the 0.618ā1.0 extension area, showing slight hesitation, which is expected…
Content Bitcoin continues to show weakness on the 4H timeframe. Price is currently trading below the key moving averages,and the structure remains bearish. ā¢ Lower highs are forming ā¢ Price is failing to reclaim the MA cluster ā¢ Momentum is clearly fading The moving averages are aligned in a bearish structure,acting as dynamic resistance. Every…
A common misconception in structural analysis is that once you can recognize patterns and draw levels, you understand the market. From there, structure quickly degrades into an indicator-like behavior: Patterns ā conclusionsFailure ā redrawMore labels ā less clarity At that point, what appears to be āstructureā is often just signal-chasing in a different form. Structure…
WEEKLY CHART check: RSI nov 2019 – mar 2020 (similar chart formation)draw: support from the previous top (before it gets pull back) – possible bounce area As you can here, most of the oversold RSI gets a reversal. Here is the potential outcome if this will play out perfectly. We also have a support based…
Before I begin this thread, please note that my account name will be changing to ThinkFast Trades š In late January GBPUSD printed a high volatility shooting star liquidity sweep through resistance. This volatility and liquidity combination suggests momentum has shifted to the downside. In the local structure we have now printed three weekly candles…
There is no buying pressure, the price is at the buyer’s block without any buyer’s reaction. To confirm a further decline within the global trend, an impulsive breakout of the 65,700ā62,800 range followed by a consolidation below this block is needed.
This is the final shakeout before the trend reversal.Support zones mark the base. March 30: Sell off: Senate recess April 4th: Bottom Forms April 13:(Good News about clarity act pumps markets) April 13: Banking Committee Mark up. Market wakes up after recess. Volatility returns price finds Support. April 30 ā May 1: XRP Las Vegas…
Based on the H1 chart analysis, we could see the price fall towards our buy entry level at 4,423.76, which is a pullback support. Our stop loss is set at 4,318.83, which is a pullback support. Our take profit is set at 4,573.85, which is an overlap resistance. High Risk Investment Warning Stratos Markets Limited…
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