EURUSD - 1H - SCALPING/DIVERGENCE/RETRACEMENT - LONG
Analysis:
As per our previous analysis of EURUSD above, it hit both TP.
Now looking at the market, it's very hard to predict direction.
But for scalpers, we will advise looking for consolidation and divergence then only take Retracement long.
If you like clean analysis like this please follow for more.
Happy trading.!
Best Regards,
The MorningStar Forex
1h
BTC/USDTBitcoin expectedly approached $ 38,000, now a flat is expected until the end of the day, then the decline is likely to resume. A decrease to $ 36,000 is allowed, lower is unlikely. A decrease is signaled by the Power Balance indicator. Consolidation is observed on the daily timeframe, Bitcoin can stay in this state for quite a long time, the Taproot update will take place in November, most likely, the explosive growth of the coin will begin in September. However, other factors can be positively influenced during the summer.
Bitcoin fell along with the stock market after the Fed's statement.
If you liked my idea, follow me for more
XAUUSD - 1H - RETRACEMENT ENTRY - SHORTAnalysis:
Gold made a massive downside move as we expected earlier,
Now we'll monitor the situation for a perfect trading setup.
There are two possibilities as per below. Please look out for setup.
If you like clean analysis like this please follow for more.
Happy trading.!
Best Regards,
The MorningStar Forex
XAUUSD - 1H - SCALPING/SWING - SHORTAnalysis:
Yesterday Gold made a huge downside movement with 23% retraction, That was a nice entry point for the Short position.
According to the current situation, the price has already broken the support level and tested as resistance twice.
Entry Point for Short Trade: Currently ideal time for entry
If you like clean analysis like this please follow for more.
Happy trading.!
Best Regards,
The MorningStar Forex
Gold AnalysisAs you see there is a support at $1874. So we can say there will be two scenarios: if the price trend breaks the support line,the price will decrease to around $1855 ,in contrast , the price will rise up to around $1922. Be cautious! These are only my predictions and everything is possible!
AUDUSD - 1H - Head'N'Shoulder- SHORTAUDUSD is forming up into Head 'N' Shoulder setup. Also looking at USD pairs, we can figure out strong upside movement in USD major pairs. Considering these two scenarios we can conclude there are high chances AUDUSD will be a good option for a short position.
If you like clean analysis like this please follow for more.
Happy trading.!
AUDUSD - 1H - SCALPING/DIVERGENCE - SHORTAUDUSD likely to fall to the next support level. As 1H timeframe has divergence also consolidation is also formed. I will be looking forward to taking good short scalp trade after proper confirmation.
If you like clean analysis like this please follow for more.
Happy trading.!
BZRX/USDT - LONGAfter destroying previous resistance, and after returning to the main bullish trend and waiting for the end of the correction, the currency is expected to rise to greater levels.
Exit and stop loss points were divided as shown on the chart, trade safely and slowly
NAS100 LONG / BUY LIMIT 13865Nas100 has tested the 14k price again and seems to be retesting. I’ve marked the zone it plans to retest and then potentially progress toward breaking the previous top/resistance toward 14200 area.
I initially thought we would see a clear inverse HNS, but we seemed to have ‘double bottomed’ before making our way up to the breaking point and beyond.
I hope this view helps with your decision on entry. I will be executing a long position in the 13865 area, to TP in the the 14200 zone.
Good luck.
Entry point in +250% uptrend HOTUSDTIn my previous idea I found a trend reversal and a +250% target for HOTUSDT. Reversal happened and uptrend started. You can take a look at that.
Now I see an entry point in form of a cup and handle pattern, to uptrend. I showed everything graphically on the chart.
You can sell on each target you want but notice that it can go higher even than the third target. So if you are a long runner I suggest you to hold.
Based on Volume Profile indicator, there is a massive selling pressure on our first target. People who went long in the baseline of downtrend channel a few days ago, are going to close their positions on our first target; And short runners who went long with me last day. So I think it's hard for HOTUSDT to break that line and there going to be a consolidation phase.
Caution: Price Might form a cup & handle pattern. But it's not formed yet. DON'T ENTER EARYLY!
EURUSD 1H ADX TRADING STRATEGYADX STRATEGY RULES
1 - Add ADX & RSI Indicators to chart.
2 - Add Horizontal line with Coordinates of 25 to ADX.
3 - Wait for RSI to go below oversold 20 level.
4 - Wait for ADX line to rise above 25 level for ENTRY.
5 - SL above Fractal High.
6 - TP EXIT when ADX falls below 25 level.