GOLD SPOT (daily time frame) - ShortFOREXCOM:XAUUSD
There has been a strong support level since April 17, after the breakout that occurred on April 13.
Also in the meantime, we can see a near resistance/ support level
I confirmed these strong and near level by circling each testing that occurred on the level
Also EMA 10 & 20 period tends to become the dynamic resistance
Also have same view on 4hr timeframe, check it below
After the turn around on the near support, the market went bullish till the near resistance. And from there, we can see a fake bullish breakout there which i alighted with rectangle , and afterward, the market movement turn downward, towards the near support level ... c
Conclusively, I am having a sell signal on XAUUSD
Trade Setup
Call Type: Short (Sell)
Entry: 1810.00
T.p: 1750.00 (on the near-support)
S.l: 1825.00 (just above the near-resistance)
profit in pips: 60 pips
loss in pips: 15 pips
Risk-reward-ratio: 1:4
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Bearishtrend
BTC - Everyone calm down! Respect the TA and FundamentalsBTC is respecting some historical retracement lines. RSI has been on a downtrend for some time. Accumulate or buy on the lows, for profit taking on these peaks, until the RSI returns to a Bullish trend in the coming months. Crypto is being traded 24/7 by bots, they are following trends and technicals, plane and simple. Learn to play the game. I’m more than happy to hear your thoughts. Until then, trade wisely.
BTC Downtrend Confirmed - Simple Price Action AnalysisI always try to rely on pure price action for analysis and use indicators only for confirmations. BTC daily shows a very obvious and simple downside breakout in a wedge pattern. Every trader knows what's going on but people get emotional about bitcoin and wanted it to be upward. So they ignore the glowing breakout.
Candle closed under the long term trend line and it has a high volume. So breakout is confirmed by volume.
But How I set these targets for BTC? just based on experience.
You can have a look on HOTUSDT and WINUSDT. They retrace same. A wedge and a sea waves-kind pattern. Draw a Fibonacci and see what's going on. BTC is the same.
I saw this pattern on multiple timeframes. Every time I saw a wedge and a downside breakout, there was a sea waves pattern in downtrend. I found the levels by testing several examples.
So this is my simple analysis and targets of bitcoin.
I wish the best for us.
XAUUSD PRE-MARKET ANALYSIS 12 APRIL, 2021OVERALL TREND DIRECTION- BEARISH ON THE DAILY TF. Corrective and ranging on the 4H TF. We can see that price has made a double top pattern and may potenially look to make lower lows to respect the overall move to the downside.
The 2 potential short scenarios this week are as follows.
Scenario 1 will follow a break and retest of that support level to the downside.
Scenario 2 will follow a bounce off that key structure level and a rejection off of the most recent high to the downside, where we can look for short opportunities to continue the bear momentum.
CADCHF - Trend Continuation & Zone Break Retest, Mar. 23rd, 2021CADCHF short setups, trend recently reversed to bearish. We can expect trend continuation on the current 4h and 1h setups, if this doesn't workout then we can look for a pullback to the broken zone that helped to set the new bearish trend. Both of the short setups drawn are not exactly what I would look for, just a toss up for the ideas, would need to adjust the stops and entries on both, the profit target will likely be at the nearest zone. If I do enter the trade I will post an updated comment with the entry price, profit level, and stop level.
EURJPY Isn't it a Head and Shoulder? 30M TF 30/01/2021As we ca see there is a head and shudder pattern is forming and by using our Fibonacci projection from head to the falling shudder we can have 3 TPs zones of short-term trades
i shall mention that we are aware of a bearish divergence with MACD and it is the sign of a big fall in the Daily time frame
SFIX trend catchThere's no real unique business model here and they do not separate themselves from competitors
More importantly we like the technical setup
1) MACD crossing at a good point
2) current strong trend to the downside
3) R = 1.77
This one will have to be monitored and TP moved to lock in a better R later. If we were earlier in the trade it wouldn't have to be the case.
EUR/AUD: Continue of the downtrend; bearish signal!!!In this analysis in H8 timeframe, it's so beautiful just to find down a good profit in Forex. So, I have calculated that EUR/AUD it's going to down toward the $1.54 AUD. So, that will be not good for the Euro.
So, I follow the trend, that always it's my friend.
Daily chart it's so bearish too!!!
In the past, EUR/AUD was into this bullish channel and then, was break down in weekly chart and we starting a new bearish trend if you trade in intraday maybe in H4 timeframe it's very good.
And looking in monthly tiimeframe, I see that EUR/AUD it's more bearish and we can to see in the future down price toward the $1.43 AUD
If you like this analysis, you can to share my analysis with your friends, traders and more and have any plan and idea of this short position.
Remember: I'm more enfocous in the world of cryptocurrency, but in sometimes I make technical analysis in commodities, index and Forex, my own pars to trade. But I trade more cryptocurrency becuase I believe that I'm so speciality in it. And not just in the volatile market that I'm a crack make analysis on Bitcoin or Ethereum, maybe I can to trade in other volatile market like stocks, gold, silver and others. But yes, I like and love to trade Forex to know the situation of the central bank, interest rate and know the sitation of the rest of economies. I like Forex after of trade cryptocurrencies. Because I'm so fan on cryptocurrencies to trade and it's one of my first market to trade and most prefered.
So, in summary we see a bearish trend and I see that EUR/AUD it's going to down. I put a sell order limit at $1.5748 AUD with a SL at $1.5810 AUD or 60 pips and my targe will be $1.5434 AUD or 315 pips.
Gold Analysis - Positional short say no to gold investment for next 3-4 years
gradually start investments @38000 - 40000 levels
don't fall in trap with buy trade sell on rise is the best strategy for gold next 3 years
I am telling this not only based on charts there are other factors involved in it
Based on Technical analysis and research with other macro and micro factor stay away from it or just short it
Thank me later
Bitcoin show a bearish flag simetric triangle!!! Short PositionToday, Bitcoin still bearish in H1 timeframe and we see that the trend it's going to make a reversal. So, I'm still in short position until the $17,020 USD. You can to put your short position entry in the market price with a SL at $17,800 USD and a target profit will be $13,400 USD.
As we se in H1, we are into this bearish chartist pattern of continuation of the trend; in that case it's turn bearish in intraday
So, at the moment, we can to form any chartist pattern, but remember that as we broke down the support key in H4, we found out that Bitcoin it
s weakness!!!
Euro/U.S. Dollar: Shoulder Head Shoulder (Bearish)Today, we see a sell pressure in the Euro!!!
We see in H4 or H1 timerame a formation of the next chartist pattern!!! It's a Shoulder Head Shoulder Bearish pattern.
Euro form a bearish channel in Daily timeframe as the supply continue. So guys, we could see a good short opportunity
So, in H1 I hope a short entry with price action confirmation between $1.1847-$1.1859 price levels.
And also, I add my previously technical analysis to get it this analysis as updated for you!!!
XAUUSD Short: 4HR Analysis I typically trade Gold on 1HR & below but this 4HR set up caught my eye
Confluences:
- Rising Wedge
- Clear Downtrend
- At an area of resistance
- Trend Meets Resistance
Ways to Enter:
Conservative: Wait for price to close below that last area of support (1901.251) then enter.
Aggressive: Have a sell limit at resistance area or sell once price reaches resistance area.
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