The Ace Trading (Backup)
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PRO Trader and Trading Mentor With 6-Year Experience

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#EURUSD: How to Catch a Bullish Wave?

πŸ“ˆEURUSD retested a recently broken horizontal structure on a 4H chart.
After its test, the price formed an inverted head and shoulders pattern
and violated a resistance line of a bullish flag formation.

To catch a bullish wave with a confirmation, wait for a bullish breakout above the neckline of the H&S pattern,
Then the retest of an underlined blue supply cluster will be your buy zone.

With a stop loss below the right shoulder, we may catch a nice swing trade here.
Goal will be 1.1814
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4-hour time frame
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My broker πŸ‘‡
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High impact news ahead

--In 30 minutes - US Job Openings
GOLD (#XAUUSD): Bullish Rally Continues

It appears that gold is expected to continue its upward trend, potentially reaching the 3920 level.

A confirmed break of structure on the 4-hour chart suggests that buyers are currently in control.

Given the lack of significant US news today, the market is anticipated to maintain a strong bullish sentiment.
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4-hour time frame
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GBPUSD: Short-Term Bullish Sentiment

During the Asian session, GBPUSD demonstrates a strong bullish sentiment on a 4-hour timeframe, with the price violating a significant daily/intraday resistance level.

This confirms a Change of Character (CHoCH) pattern, suggesting a high probability of continued bullish movement.
Based on this analysis, a price target of 1.3518 is anticipated.
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4-hour time frame
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BITCOIN (#BTCUSD): Road to All-Time High!?

It appears quite likely that πŸ“ˆBitcoin will continue to rise,
Following the conclusion of a corrective movement on the 4-hour timeframe,
as indicated by a confirmed bullish Change of Character (CHoCH).

The probability is high that the price will reach the 123,000 level,
with a strong likelihood of setting a new All-Time High (ATH).
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DOLLAR INDEX(#DXY) : Bearish Outlook Explained

The recent violation of horizontal daily support on the πŸ“‰DXY presents a reliable bearish signal.

This indicates a mid-term trend favoring sellers.

It is anticipated that the price may decline to the 97.20 support level in the near future.
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4-hour time frame
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My broker πŸ‘‡
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US CRUDE OIL (#WTI): Strong Bearish Signal?!

The price of πŸ“‰USOIL appears to be showing bearish tendencies following a consolidation period of two months.

A bearish breakout below the support level of a sideways range often serves as a dependable confirmation signal.

Consequently, a downward movement towards the support level of 59.00 is anticipated.
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Daily time frame
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My broker πŸ‘‡
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#USDCAD: Important Breakout

πŸ“ˆUSDCAD formed a high-momentum bullish candle yesterday, on a 4-hour time frame,
This candle closed above a significant horizontal resistance level.

The violated structure and a prominent ascending trend line now create a contracting demand zone, which is the area where the next bullish movement is anticipated to begin.

The subsequent resistance level is at 1.3986.
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4-hour time frame
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My broker πŸ‘‡
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GOLD (#XAUUSD): Waiting For Breakout

Update for ⚠️Gold:
It has been observed that the market is currently trading within a significant ascending parallel channel on a 4-hour chart.

Upon analyzing the hourly timeframe, a cup and handle formation has been identified, with a neckline situated between 3858 and 3864.

It is anticipated that a trend-following movement may commence shortly.
To validate this, it is advisable to await for a bullish breakout of the designated blue area.

Confirmation would require an hourly candle to close above that level.
Subsequently, the market is expected to rise to at least 3900.
Today’s NY session is goin to be heavy on fundamentals!πŸ””

--In 20 minutes - US Unemployment Data
SILVER (#XAGUSD): One More Bullish Wave is Coming?!

⚠️ SILVER appears to be confined within a horizontal range, as observed on the 4-hour chart. The price is currently nearing the upper limit of this range.

Given the prevailing strong bullish trend, there is a considerable likelihood of a continued upward movement.

A breakout and a 4-hour candle closing above the indicated resistance level would serve as a dependable confirmation.

The subsequent objective for buyers is anticipated to be 49.00.

Conversely, the market might persist in its consolidation phase, trading within the established range.
ETHEREUM (#ETHUSD): Another Bullish Wave Ahead?!

Ethereum surpassed a crucial daily/intraday resistance cluster last week.

The violated structure, combined with a rising trend line, now forms a contracting demand zone.

We anticipate a bullish movement originating from this zone.
The subsequent resistance level is projected at 4,700.
Forwarded from LINØFX1 VIP SIGNALS (LINØFX)
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#XAUUSD Buy Signal +390 pips Made πŸ’°

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Forwarded from LINØFX1 VIP SIGNALS (LINØFX)
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#EURAUD Sell Signal +100 pips Made πŸ’°

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#USDJPY: Oversold Market & Pullback

Considering the recent market activity, the USD/JPY pair appears to be oversold following a significant gap-up at the beginning of this week.

The price had been consolidating within a narrow horizontal range before breaking below its lower boundary during the early New York session.

This suggests that a corrective movement may be anticipated. The target level is projected to be 148.99.
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Hourly time frame
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My broker πŸ‘‡
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