Rectangle
AUDCHF: Bullish Trend Continues 🇦🇺🇨🇭
AUDCHF is trading in a bullish trend on a 4H time frame.
After quite an extended bullish wave, the pair was consolidating within
a horizontal range for some time.
The resistance of the range was broken yesterday.
It is a very important sign of strength of the buyers for us.
I think that growth may continue, and the market will reach 0.58 level soon.
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GBPCHF: Multiple Time Frame Analysis & Bearish Outlook 🇬🇧🇨🇭
GBPCHF may retrace from a key daily horizontal resistance.
The price formed a triple top pattern on that on an hourly time frame
and just broke its neckline.
We can expect a retracement at least to 1.118 level now.
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USDCAD ShortUSD/CAD Analysis on 1H Timeframe
Current Trend: Downtrend
Pattern: Bearish continuation pattern
Divergence: None observed
The USD/CAD pair is currently in a downtrend on the 1-hour timeframe. A bearish continuation pattern has formed, suggesting that the downtrend is likely to continue. Additionally, there are no divergences present, which reinforces the bearish outlook for USD against CAD on this timeframe.
GOLD (XAUUSD): Still Bullish Outlook
As I predicted on our Wednesday's live stream
Gold keeps going up.
Analyzing the intraday price action, I spotted one more bullish confirmation.
This time the price violated a support line of a wide horizontal range on a 4H time frame.
We see a positive bullish reaction after a retest of its broken upper boundary.
I think that the market will reach 2450 level soon.
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GOLD (XAUUSD): Time to Buy📈Gold broke a significant intraday resistance level and closed above it.
Following the breakout, the market entered a period of consolidation in a tight range on an hourly chart.
A retest of the broken structure led to a bullish movement and a breach of the range's resistance.
This provides a solid confirmation of a bullish trend. I predict that the pair will soon reach the 2450 level.
DODOUSDT Rectangle PatternDODOUSDT Technical analysis update
DODO's price has been trading within a rectangle pattern for the last 840 days and price has now dropped again to the box's support level. we can expect a bullish move from the current rectangle support level.
Next Target is $0.35
Stop Loss: $0.078
Regards
Hexa
What is going on with JPY?!?!Hello traders! for those who trade fundamentals can you explain to me what is going on with JPY I've been seeing a lot of triangle/flag pattern on most of the pairs with JPY.
Will we be seeing bullish market on JPY?
USDJPY:
EURJPY:
GBPJPY:
AUDJPY:
CADJPY:
NZDJPY:
We have 6 trades that look the same, it is clear that there is a pattern here no doubts but what could this mean for our Japanese Yen??
COCOA LONGCocoa (ICE) price oscillated in a rectangular pattern. Price finally made a breakout, after the breakout the price retraced because it hit the 61.8% golden ratio Fibonacci level (not plotted in this chart), then continued its path upwards.
After measuring the rectangle height, I projected it to define a possible target of 9636 or so.
Then I corroborated this with an ABCD pattern projection, of CD being 161.8% of BC, and having a target of 9636 too.
Dow Jones Index (#US30): Your Trading Plan Explained
Dow Jones is currently stuck on a key daily/intraday horizontal resistance.
The price is trading within a narrow range on that on a 4H time frame.
Your confirmation to sell the Index will be a bearish breakout of the support of the range.
A 4H candle close below 39325 will confirm the violation.
A bearish continuation will be expected to 38890 then.
Alternatively, a bullish breakout of the underlined blue resistance
will push the market higher.
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Support flipOn my previous analyses I looked at the possibility of this pair to continuation in direction to the upside but price broke the recent support and flipped making a new support. I am keeping eye on a possible retracement to the recent resistance (flip) where that could be a new high or lower high 0.54485,
EURGBP: Intraday Bearish Pattern 🇪🇺🇬🇧
EURGBP has a nice potential to continue falling.
After a strong bearish wave, the pair was consolidating
within a horizontal range on an hourly time frame.
The support of the range was broken this morning.
It indicates the strength of the sellers and a highly probable
bearish continuation.
I think that the pair may reach 0.8543 level soon.
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GOLD (XAUUSD): Important Supply and Demand Zones to Watch
Gold closed in indecision this week, respecting 2 supply and demand zones.
The price went rejected from an expanding supply zone based
on a resistance line of a rising parallel channel and a horizontal resistance.
The market also respected a horizontal demand zone based on
a horizontal support cluster.
After the market opening, I will monitor the reaction of the price to these zones
and will look for trading opportunities from there.
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Dow Jones Index (US30): Intraday Bullish Signal?!
Update for the yesterday's setup on US30.
Earlier, we spotted a confirmed breakout of a key daily resistance.
After that, the market retested the broken structure and started to
consolidate within a narrow range on a 4H time frame.
The resistance of the range was broken this morning.
It is a strong intraday bullish signal.
Growth may continue to 21250
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#srf weekly chartlong time consolidation is going on this scrip for the last couple of yrs and several times it has touched the support and resistance boundary and respected it perfectly. Now it seems it is ready for break out from its zone, picture perfect rectangle. good for long if it gives opportunity at lower levels.
$SPY July 30, 2024AMEX:SPY July 30, 2024
15 Minutes.
AMEX:SPY was in the range 524 to 547 as expected.
The steep fall from 565 to 537 resulted in moving averages being far away.
That is getting sorted out and now downtrend until 200 averages is crossed on upside in 15 minutes.
I expect a resistance around 547 to 548 levels being previous few bars' highs and 200 average levels. And if it gives above 548.5 549 to 549.3 will give resistance being 61.8% retracement for the big fall from 566 levels.
Tomorrow, Wednesday could be a day to find a trade.
US DOLLAR INDEX (DXY): Bullish Move After ConsolidationThe Dollar Index had been trading within a horizontal range on the 4-hour chart for a significant amount of time before breaking through its resistance today.
I anticipate that this breakout could lead to a bullish trend continuation, with a target price of 104.80.
BTC : Fibonacci Grid
Time and Space only exist between two points.
You can build an entire grid system using only two points, and multiples of the distances between those two points.
On a price and time scale, this can be useful in establishing critical levels used to assist us with trading.
Which two points you choose can unfold entirely different results.
In this example,
two relatively recent points were chosen to maximize accuracy and effectiveness of the grid in relation to the most current candles.
This idea is presented using the 2Day timeframe to allow the display of the entire history of Bitcoin.
Finding the two points used to build this particular grid structure
is as simple as locating the intersection of price level 0 and time level 0 (0,0),
and the intersection of price level 1 and time level 1 (1,1).
Multiples of the vertical distance between the two points are extended vertically on the price scale,
and multiples of the horizontal distance between the two points are extended horizontally on the time scale.
Within these unitary extensions, Fibonacci-numbered levels are specifically highlighted as vital extension levels based on the two chosen points.
Don't forget to also view the chart using the linear price scale for an alternate perspective.
Any two levels on the same scale can be further divided if needed to assist with action on smaller scale frames :
For more information on how Fibonacci levels can interconnect and overlap,
see this shadow-banned educational idea :
Finally, thank you to my followers and to those who enjoyed viewing these ideas.
Please feel free to give them a boost if you like them.
// Durbtrade