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

Trading Education & Technical Analysis

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

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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‘‡
https://one.exnesstrack.org/a/u0exuwlj08
#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‘‡
https://one.exnesstrack.org/a/u0exuwlj08
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.
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Forwarded from LINØFX1 VIP SIGNALS (LINØFX)
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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‘‡
https://one.exnesstrack.org/a/u0exuwlj08
#GBPJPY: Time to Sell?!

The GBPJPY pair might experience further declines following a confirmed violation of the neckline of a double top pattern.

I intend to initiate a short position upon its retest.

The objective is the 200.00 psychological level.
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Hourly time frame
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My broker πŸ‘‡
https://one.exnesstrack.org/a/u0exuwlj08
😏
😁1πŸ€ͺ1
ETHEREUM (#ETHUSD): Test of ATH Soon!

It appears that πŸ“ˆETHEREUM is poised to potentially retest its all-time high in the near future.

Analyzing a daily time frame, we see a confirmed bullish breakout
of a resistance line of a bullish flag pattern - very strong trend-following signal.

After the test of the all-time high, there is a high likelihood that it may be violated, leading to the establishment of a new one.
BITCOIN (#BTCUSD): To the New High & Bullish Continuation

πŸ“ˆBITCOIN has recently reached a new all-time high, violating a key daily horizontal resistance within a broad horizontal range.

This suggests the possibility of continued upward movement.

The next target for buyers could potentially be the 128,000 level.
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#EURCAD: Important Breakout

The EURCAD pair has violated and closed below a significant support level.

A confirmed break of structure suggests a strong likelihood of a continued bearish trend.

The subsequent support level is situated at 1.6180, which could potentially serve as the next target for sellers.
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4-hour time frame
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My broker πŸ‘‡
https://one.exnesstrack.org/a/u0exuwlj08
#GBPNZD: Pullback Trade From Resistance

The πŸ“‰GBPNZD pair is likely to experience a retracement from the identified daily horizontal resistance level.

The formation of a double top pattern and a bearish imbalance candle on the hourly timeframe further validates this assessment.

Target price: 2.3247.
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Daily/ Hourly time frame
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My broker πŸ‘‡
https://one.exnesstrack.org/a/u0exuwlj08
SILVER (#XAGUSD): Bullish Rally Continues

It appears that πŸ“ˆSILVER is expected to continue its upward trend, potentially reaching the 50.00 psychological level.

The observed break of structure on the 4-hour chart suggests a strong presence of buyers.

Given the lack of significant US news today, the market is anticipated to maintain a bullish sentiment.
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4-hour time frame
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My broker πŸ‘‡
https://one.exnesstrack.org/a/u0exuwlj08