SasanSeifi|Gold Hits New Highs:Can the Bullish Rally Continue?Based on recent price movements, OANDA:XAUUSD has seen an increase in demand, pushing the price to $2,600 and setting a new ATH. Currently, the price is trading around $2,582.
In the short term, nearby support levels are between $2,564 to $2,560, and then $2,550. If the price fails to hold above the $2,573 level, we may see a minor correction with a pullback towards these support areas.
For now, the medium-term outlook remains more bullish, and after a consolidation phase, the price could potentially rise toward the $2,600 to $2,625 targets.
💢 This is just my personal analysis, not financial advice. If you found this helpful, feel free to like and comment – I'd love to hear your thoughts! Happy trading! ✌😊
8hour
LINK-USDT 8h chart reviewHello everyone, let's look at the 8H LINK to USDT chart, in this situation you can see that despite a slight price rebound, we are still in a strong downtrend channel.
Let's start by setting goals for the near future, which include:
T1 = $12.10
T2 = $12.90
T3 = $13.91
Let's now move on to the stop-loss in case of further market declines:
SL1 = $11.07
SL2 = $10.03
SL3 = $8.37.
In this situation, it is worth paying attention to the RSI indicator, where we are again approaching the upper limit, which in previous situations resulted in a price correction.
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GBPCAD has been in a downtrend since yesterday on the 4H and higher timeframes. We have spotted a perfect opportunity to sell it at a high price and buy it back at a low price.
Here is how it works:
The price has broken the key level of 1.7058, which is a strong sign of bearish momentum.
We expect the price to retrace back to this level and form a supply zone, where sellers will be waiting to enter the market.
We will place a sell limit order at 1.7113, which is the top of the supply zone.
If the price reaches our sell limit order, we will enter a short trade and set our take profit targets at 1.7010 (TP1) and 1.6910 (TP2), which are the demand zones where buyers will be waiting to enter the market.
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WTI, ICT Long SetupWTI retested on the FVG or Demand zone between 70.55 to 71.16,
ICT requirements filled, LG and ChoCh, today retesting on the demand zone.
This structure happened inside the 8H ICT Long setup performed and about its FVG.
It is a multiple timeframes and top-down ICT Long setup together. Looking forward to have some news event for Boosting up to next Key resistance levels ahead.
Good luck!
BTC Health CheckWe got relief bounce as expect, everyone was betting on a double bottom last night. Looks like we had it. Sadly bulls need to show more strength, we are losing volumes. Key resistance 40536.66. We fell below ma200 and ma50 on the 8 hour timeframe. Some factors that will shake the price of BTC I believe, (1)Confirmation on Russia invasion on Ukraine (As of now, Russia has move it's troops into eastern Ukraine), and also (2)Biden preparing Executive Order on cryptocurrencies. Right now, what we are experiencing in the crypto space is unlike anything we had experience in the past.
Satoshi Nakamoto, please don't get caught!!! Stay in the shadows. (As E-gold was shut down years ago, before the evolution of BTC)
BTC 8H
NZDUSD HEAD AND SHOULDERS SQUARED 8Hgood evening and welcome fine traders of the world.
Here I share to you all the second recipe on my experiment.
if you look back on my page, I've posted a gbpaud has and shoulders squared. it resulted in a strong tp hit of around 8%... and then ran 200 pips past my tp!
it was incredible
chart patterns inside chart patterns are the one.
here we have a head and shoulders forming, looks like the right shoulder is forming in my long position.
inside the peak, is a head and shoulders formed in the head. a storm is brewing...
now lets wait and see...
if all up's hit incl the current long position is around 25%
The BEST Timeframe to Trade ForexYou got into trading for one reason and one reason only. To change your life. For freedom, for freedom to do the things you want to do. To spend time doing what you want to do when you want to do it.
NOT to be a slave to the screen. Not to stare at the charts all day.
And here is the thing. If that is what was required, to stare at the charts for hours at a time watching each tick, then you would do it. You would do whatever it takes to succeed.
The thing is and I want you to pay attention to what I am going to say right now because it is very important, the very thing you are doing is actually the thing preventing you from success. You are spending too much time watching the markets and taking way too many trades.
Trade less. Avoid the noise. Take strong signals with a different mindset and increase your win ratio and profitability.
ETH/USD - Longer timeframes signaling down; 4H support holdsChart is Heffae Clouds 4Hour (left) and 8Hour (right)
I added arrows to highlight signals you may trade on with the cloud SnR paths.
The "target" on the current 4H candle is the RealTime Additive, which is a trend indicator, and can act as resistance here if the trend is to continue down.
The 8Hour has signaled a drop out of cloud bottom, which is bearish.
Soon price will interact with the Daily:
Pictrued is both alternate path preset 1,1 as well as default settings (0,0)
Targets 210 -206