Tag: tickmill
TitleBTCUSD H4 | Bullish reversal from overlap support TypeBullish Bounce Preference:Price is approaching the pivot point of 27499.07 and could potentially reverse from here, we could see momentum carry price up to its 1st resistance of 28313.45. Alternative scenario:If price breaks below the pivot point, it could hit the 1st support of 27077.23. To discuss […]
TitleXAUUSD H4 | React off resistance TypeBearish Reversal Preference:Price is rallying to our pivot point of 1957.181 which is an overlap resistance level that aligns with a 38.2% Fibonacci retracement. A reverse from here, price could fall to 1st support at 1937.553 which is swing low support level. Alternative scenario:However, if price were to break […]
Gold has approached the uptrend. However, the asset is likely to break the trend and head down due to the formed double top. Should the asset break the uptrend, it might rebound back to the broken trendline, that is, the level of 1980, and drop. So, let’s observe what will happen. American stock index S&P500 […]
Title GBPUSD H4 | Cable heading into resistance Type Bearish Reversal Preference: Price could approach the pivot point of 1.23533 and potentially reverse from here, we could see momentum carry price down to its 1st support of 1.22811. Alternative scenario: If price breaks above the pivot point, it could hit the 1st resistance of 1.2394. […]
TitleEURUSD H4 | Resistance overhead TypeBearish Reversal Preference:Price is approaching the pivot point of 1.07588 and could potentially reverse from here, we could see momentum carry price down to its 1st support of 1.07069. Alternative scenario:If price breaks above the pivot point, it could hit the 1st resistance of 1.07951. To discuss this trading idea, […]
TitleUSDCAD H4 | React off 1st resistance TypeBearish Reversal Preference: Price has just reacted off our pivot point of 1.36479, an overlap resistance level. A reverse from here, price could fall to 1st support level at 1.35596, a pullback support level. Alternative scenario:However, if price breaks above the piovt, it could rally to 1st resistance […]
TitleAUDUSD, Day | Bounce off support level TypeBearish Breakout Preference:Price has just bounced off our pivot point of 0.65012 which is a pullback support level. A reverse from here, price could rally to 1st resistance at 0.65818 which is a pullback resistance level. Alternative scenario:However, if price breaks below the pivot, it could fall to […]
Title ETHUSD H4 | Falling to overlap support Type Bullish Bounce Preference: Price is approaching the pivot point of 1791.48 and could potentially reverse from here, we could see momentum carry price up to its 1st resistance of 1858.27. Alternative scenario: If price breaks below the pivot point, it could hit the 1st support of […]
Daily Market Outlook, May 26 , 2023 Asian equity markets generally strengthened, taking cues from the rally in the US driven by AI technology stocks. Additionally, reports surfaced indicating progress in resolving the US debt ceiling issue, with discussions revolving around raising the debt limit and implementing spending caps for the next two years. While […]
Bright Minds Bright Minds is a new podcast hosted by Money Manager and Trading Expert Patrick Munnelly. Through insightful conversations with notable guests, ranging from economic forecasters, to psychologists and experienced traders, we seek to answer the most commonly asked questions around trading and investing. Bright Minds is not just another podcast about trading: it […]