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. Contact - @Ask_linofx1
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SILVER (#XAGUSD): Unstoppable Bulls to New Highs
πSILVER reached a new all-time high yesterday.
A broken structure and a strong rising trend line will form a significant contracting demand zone, from which I will consider buying.
The next resistance level is anticipated to be 122.00.
Please await a retracement before expecting further growth.
FED Interest Rate Decision in 30 minutes!π
Then FOMC Press Conference.
Heads up!
SILVER (#XAGUSD): Confirmed Break of Structure πͺ
There is a confirmed bullish breakout of an important intraday structure BoS on SILVER.
This development suggests a potential for further growth and expansion.
The subsequent medium-term objective for buyers is anticipated to be the 118.00 resistance level.
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Hourly time frame
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My broker π
https://one.exnesstrack.org/a/u0exuwlj08
#USDJPY: True Bullish Reversal?!
The πUSDJPY pair formed a well-defined inverted head and shoulders pattern following a test of a significant historical support level.
A decisive bullish breakout above its neckline, confirmed by a strong bullish candle, would provide a reliable indication.
I anticipate a correctional movement to at least 155.20.
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Hourly time frame
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My broker π
https://one.exnesstrack.org/a/u0exuwlj08
#NZDCAD: Trend-Following Signal
The NZDCAD appears to be showing bullish tendencies following a retest of a significant daily horizontal support level.
It seems the current intraday correction is over.
Further confirmation is provided by a bullish breakout of the resistance line of a bullish flag pattern observed on the hourly timeframe.
The target is set at 0.8221.
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4H/Hourly time frame
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My broker π
https://one.exnesstrack.org/a/u0exuwlj08
The Forex market is still super volatile.
Friday's US news really hit the Dollar hard, and those fundamental factors have kept dragging it down since the market opened yesterday.
Gold just blew past 5000 like it was nothing, even though that's a big psychological level. Some analysts even think it could double this year! And honestly, looking at how Gold's done this month, that doesn't seem so far-fetched.
Just be super careful trading when things are this volatile, because setting a safe stop loss can be a real headache.
Watch out for any funny business or misleading signals.
Good luck this week!
US CRUDE OIL(#WTI): Confirmed Break of Structure
πUSOIL closed the last trading week with a strong bullish sentiment, successfully breaking above an intraday horizontal resistance level.
It is highly probable that the market will soon approach the psychological threshold of 62.00.
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4H time frame
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My broker π
https://one.exnesstrack.org/a/u0exuwlj08
#EURCAD: Another Gap Will Be Filled
I anticipate that πEURCAD will likely fill a gap up opening.
The formation of an ascending triangle pattern provides a reliable confirmation.
The goal is set at 1.6192.
#GBPCHF: Gap is Going to Be Filled!
I spotted a nice gap down opening on πGBPCHF.
Following a significant downward trend, the pair is now showing a strong indications of bullish sentiment.
A bullish breakout from the neckline of a cup and handle pattern has been observed on the 4-hour timeframe, occurring after a test of daily support.
It suggests that the price is likely to increase and close the existing gap.
The target is set at 1.0731.
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Daily/4H time frame
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My broker π
https://one.exnesstrack.org/a/u0exuwlj08
GOLD (#XAUUSD): The Next Strong Resistance
As Gold successfully reached a new all-time high yesterday, here's the next significant resistance level.
This level is based on the psychological threshold of 5000. I anticipate that this will be the subsequent objective for buyers.
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4H time frame
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My broker π
https://one.exnesstrack.org/a/u0exuwlj08
SILVER (#XAGUSD): Simple Trend Signal You Can Trade Today
Silver reached an important rising trend line on an hourly chart.
We see a favorable intraday bullish reaction to this on the hourly timeframe, forming a double bottom pattern.
A breakout above its neckline and an hourly candle closing above 93.65 confirmed the beginning of a bullish continuation.
The target would be 95.34.
Conversely, a bearish breakout of the trend line would lead to lower prices.
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Hourly time frame
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My broker π
https://one.exnesstrack.org/a/u0exuwlj08
#EURJPY Setup: What to Watch Today
The EURJPY pair is currently consolidating at a significant intraday/daily resistance level.
For a confirmed long position, I recommend observing a double bottom pattern on a 4-hour timeframe.
A breakout above its neckline and a 4-hour candle closing above 185.60 would provide a reliable bullish confirmation.
Our target for this movement would be 186.00.
Conversely, if the price establishes a new lower low on the 4-hour timeframe, this particular setup would be invalidated.
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4H time frame
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My broker π
https://one.exnesstrack.org/a/u0exuwlj08
US CRUDE OIL (#WTI): Confirmed Bullish Continuation
I am quite pleased with how πUSOIL reacted on an important horizontal support level on a 4-hour timeframe.
After the test of the support, the pair started to consolidate and formed a horizontal range.
A breakout above the resistance of this range is a strong bullish indicator.
We are currently seeing a retest of this broken resistance, and we can anticipate continued growth.
Our target is 61.30.
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4H time frame
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My broker π
https://one.exnesstrack.org/a/u0exuwlj08
#USDJPY: Breakout & Bearish Continuation
The USDJPY pair has broken and closed below a significant intraday/daily horizontal support cluster.
I anticipate a continuation of the bearish trend following a retest of this level.
The next target is 157.50.
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4H time frame
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My broker π
https://one.exnesstrack.org/a/u0exuwlj08
In observance of US Banking Holidays, I consistently take a day off.
Although I was not actively trading, I reviewed the charts after the market opened and noticed a important number of opening gaps.
These gaps underscore the inherent risks associated with holding positions over a weekend. As I frequently advise my students, it is generally more prudent to close active positions before the market closes and re-establish them after it reopens, particularly to mitigate the impact of potential gaps.
Given the anticipated volume of important announcements and news this week, we can expect increased market volatility and the potential for further gaps.
I wish you all success.
Please remember that today is the official US Banking Holiday, Martin Luther King Jr. Day.
I will refrain from trading and anticipate resuming tomorrow morning.
