The Ace Trading (Free Forex Signals)
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PRO Trader and Trading Mentor With 6-Year Experience

Trading Education & Technical Analysis

This channel is made for beginners who want to learn, invest & understand FOREX. We will post the Forecast, and trading ideas.

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Forwarded from The Gold Decipher
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#CHFJPY: Bearish Movement Confirmed

It appears that 📉CHFJPY may continue to fall following a liquidity grab above the indicated horizontal resistance.

The subsequent formation of an inverted cup and handle pattern offers a strong bearish confirmation.
The target is set at 200.00.
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Hourly time frame
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In less than 20 minutes, we've got the US PPI.

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GOLD (#XAUUSD): Strong Bullish Signal

The price of 📈Gold formed an inverted head and shoulders pattern on the hourly timeframe, following a test of a significant intraday horizontal support level.

A bullish breakout from the horizontal neckline of this pattern on the hourly chart suggests a clear display of buyer strength.
The target is 4054.
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Hourly time frame
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#GBPUSD: Pullback From Resistance Confirmed

I think that 📉GBPUSD may experience a retracement from a significant intraday/daily resistance level.

The formation of an inverted cup and handle pattern candle on an hourly timeframe offers strong confirmation for this view.
My target is 1.3482.
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Daily/1H time frame
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👍1
#GBPUSD: Buying Opportunity!

📈GBPUSD may continue rising after a test of a key daily/intraday horizontal support.

As a confirmation, I spotted a double bottom pattern on an hourly time frame.

Intraday goal for buyers: 1.3500
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4H/Hourly time frame
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S&P500 INDEX (#US500): Your Trading Plan Explained

The ⚠️S&P500 index is currently testing a horizontal structure that was recently breached. It is highly probable that this level has now become support.

For a confirmed buying opportunity, please observe the formation of a double bottom pattern on the 4-hour chart.

Should the price break and close above 7521, this would provide strong bullish confirmation.

In such a scenario, the market is anticipated to advance to at least the 7584 level.

Conversely, if the price declines and establishes a new lower low, this trading setup would no longer be valid.
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4-hour time frame
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GOLD (#XAUUSD): Time For Pullback

It appears that 📉GOLD is likely to retrace from a significant resistance level.

A bearish change of character on an hourly timeframe offers strong confirmation of the market's overbought condition.

The target is 4102.
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4H/Hourly time frame
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👍4
BITCOIN (#BTCUSD): Waiting For Breakout

It feels like ⚠️BITCOIN is preparing for a breakout of a key daily resistance level.

Should it successfully breach this level and close above it on the daily chart, this would likely serve as a strong indicator of bullish sentiment.

In such a scenario, there would be a high probability of the market reaching the 70,000 level.
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Daily time frame
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