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GBPCAD: Enter a Buy Trade or Sell Below 1.7860Currently, GBPCAD is trading at 1.7970, and we're opting for a buy trade with a target set at 1.8110. If we’re considering a sell trade, we’ll need to keep a close watch for a break below the support level at 1.7860. This level is crucial because it indicates where buyers have previously stepped in to support the price. If the price drops below this level, it signals that the buyers may no longer be able to hold the price up, and that could be a good time for us to enter a sell position. In this case, our target for the sell trade would be set at 1.7710.
Long
by FXTradingAnalysis
The point of interest is whether it can create a pull back (Title) The point of interest is whether it can create a pull back pattern -------------------------------------- Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- (BTCUSDT 1D chart) With this decline, the BW (100) line was created at the 72344.74 point. Therefore, the key is whether it can rise above 72344.74. - The price is passing the StErr Line around 71280.01, and the M-Signal indicator on the 1D chart is passing around 68393.48. Therefore, if it is supported and rises between the M-Signal and StErr Line on the 1D chart, a short-term pullback will form. If not, and it falls below the M-Signal indicator on the 1D chart, it is highly likely that it will show a short-term downtrend. For this reason, as I mentioned yesterday, if it is supported between the M-Signal and 70148.34 on the 1D chart, it is time to buy more. However, in order to buy more like this, a split sale must have been made before. - If not, and you need to buy new, 1. When it is supported around 67414.39-68393.48, 2. When it breaks through 72344.74, there are two methods above. The prerequisite for buying new is that the StochRSI indicator is below 50 and shows an upward trend. If not, and the StochRSI indicator is above 50 or showing a downward trend, it is better not to buy. ---------------------------- (1h chart) The linear regression channel indicator has set the length to 50, so the channel moves over time. The channel is showing a change from an uptrend to a downtrend. - Back to the main story, the point of observation is whether the price can be maintained by rising above the 5EMA of the 1D chart and whether it can rise above the middle line of the channel. If it fails to rise, volatility is expected to occur while touching the M-Signal indicator of the 1D chart. Accordingly, as I mentioned on the 1D chart, we can see that the points 68393.48, 70148.34, and 71280.01 are important support and resistance points. - If you bought below 68393.48, you can see that the area around 68393.48 is the last selling point. - If the StochRSI indicator is above 50, it is better to find a time to sell, and if the StochRSI indicator is below 50, it is better to find a time to buy. However, this is only when you are trying to make a new trade. - I am currently holding a long position. And, since I thought it would create a pull back pattern and rise, I gave you an example of additional buying in the idea yesterday. So, I didn't mention SHORT this time. I think this SHORT position is likely to end sooner than expected. USDC is volatile, so it can show a gap down at any time. However, since USDT is continuously showing a gap uptrend, it can be seen that the coin market is likely to continue its upward trend. And, because BTC dominance is on the rise. The rise in BTC dominance also means that funds are concentrated on BTC. Therefore, when BTC dominance is on the rise, it can be seen that it is more advantageous to trade BTC than altcoins. If USDT dominance falls below 4.97 and is maintained or shows a downward trend, I think the coin market is likely to start an uptrend. In order for this uptrend to lead to an altcoin uptrend, BTC dominance must fall below 55.01 and be maintained or show a downward trend. If not, there is a possibility that it will become a strange uptrend where only BTC rises, so be careful when trading altcoins. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that a full-scale uptrend will begin after rising above 29K. The section expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 134018.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to occur in the future. We need to check if these points can be broken upward. We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
1
EUR/CAD at Key Support: Rebound or Further Decline?EURCAD is currently trading at 1.4900, which is a key support level. From this point, the price has the potential to move upwards, targeting the 1.5160 level. However, if this support level is broken, there is an increased likelihood that the price will continue to decline, potentially falling further until it reaches the Trendline Support. Traders should closely monitor the current levels, as any significant move in either direction could signal a shift in the trend and provide trading opportunities. Staying alert to price action around this support level is crucial for making informed decisions.
by FXTradingAnalysis
2
Slowly starting to scale in on OILThe fundamental outlook for oil is looking bullish. Despite seasonality favoring lower crude oil prices towards the end of the year, the conflicts in the Middle East are pushing prices higher. Technically, the downward move that has been in place since the beginning of July could now experience a correction. Therefore, I’ll begin slowly scaling into oil at the 61.8% retracement level, keeping in mind that prices could drop further before the end of the year. According to seasonality, we could see the high in oil prices around May 2025. Let’s see how it plays out.
AMEX:UCOLong
by p4917
GBPAUD Completes Same Harmonic Pattern TwiceGBPAUD Completes Same Harmonic Pattern Twice GBPAUD has completed a bearish harmonic pattern for the second time near a strong daily zone. This area has previously pushed the price down multiple times. Additionally, this week, the Reserve Bank of Australia (RBA) sent a hawkish message regarding its economy, supporting AUD strength. Although the impact was not immediate, it may support AUD in the coming days. GBPAUD is expected to reach 1.9600 as a minimum correction, with the second target at 1.9400 and the third at 1.9200. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Short
by KlejdiCuni
13
Gold - Time To Close Out Partial Profits!Gold ( TVC:GOLD ) is now back to the upper channel resistance: Click chart above to see the detailed analysis👆🏻 After breaking above the plsychological $2.000 level, Gold created such an incredible rally, massively outperforming stocks and even cryptocurrencies over the past couple of months. Therefore, it is quite likely that big institutions will take some profits at the current levels. Levels to watch: $2.700, $2.000 Keep your long term vision, Philip (BasicTrading)
TVC:GOLDShort
by basictradingtv
22
USDJPY/Bearish Setups Ahead: (Possibly 670+ pips)After a long bearish run, we've seen a key break below the intra trend low at 146.60. Price has also broken out of the broader trend dating from March 2022 to December 2023, dipping into demand zones along the way. Now trading at a premium in the current downtrend, the logical play is to look for short opportunities. On the 4H timeframe, a rising channel extends from October 4, 2024, at 147.34 up to October 31, 2024. Given upcoming fundamental releases, there’s potential for price to drop below 151.40. A close below this level on the 4H chart would confirm a trendline break and a structural shift, signaling a bearish move that could run down to 145.10 — a solid 670 pips in play. To catch this move early, I’ll be watching the 1H timeframe. If price meets our key condition of closing below 151.40, or ideally falls to 150.88, then a swing entry at 152.21 with an initial target at 149.55 is in focus. We’ll trail down from there as price develops. Remember, the close below 151.40 is essential for validating this entry. Risk according to your tolerance and keep an eye out here for updates on this trade and more. Don’t miss my latest analysis on DXY and Gold heading into the US election!
by Ieios
Bulls Losing Steam? EUR/USD Eyes Key Downside LevelsLooking at the EUR/USD charts, we're currently testing a key level just below that daily resistance at 1.08686. Price action has pushed up to this zone but hasn’t broken through yet, suggesting we might see some selling pressure kick in. The 4-hour and 2-hour EMAs are flattening out around this resistance, hinting that the bullish momentum could be cooling off, at least temporarily. I’m watching closely for signs of rejection around 1.08686 for a potential short setup. If we see a solid bearish signal, like a rejection candle or bearish engulfing, I'll be looking to enter short around 1.0855. The first target would be around the weekly support at 1.08202, with a further extension down toward 1.0780 if momentum really picks up. With our EMAs showing a slight bearish alignment, this setup aligns with the overall trend. For those waiting on a bullish continuation, keep an eye on a confirmed break and retest above 1.08686. If price sustains above that level, we could see a push toward the next daily resistance at 1.09664, but for now, I’m leaning short on this one. Let’s stay agile and watch the reaction at 1.08686 to gauge the next move.
Short
by SheenaL
XAU! 10/31! FOMO price increase continues $2800XAU / USD trend forecast October 31, 2024 Gold prices reached a record $2,790 in the North American session as uncertainty surrounding the US Presidential Election keeps investor demand high. Strong US economic data, reflecting steady growth and a solid jobs market, limited further gains in the metal. XAU/USD currently trades at $2,785, up 0.40%, just below the all-time high after rebounding from a daily low of $2,771. Meanwhile, US Treasury yields dipped as investor optimism grew around the Fed's soft-landing outlook. The FOMO of the end of 2024 price increase is becoming extreme - gold becomes the top active investment asset right now. We will see the highest ATH in the end of 2024, then cool down and give market share to other types. /// SELL XAU : zone 2798-2801 SL: 2806 TP: 50 - 200 - 300 pips (2771) Safe and profitable trading
OANDA:XAUUSDLong
by Moon-ForexAcademy
1
BTCUSD view!!Patronis said he would not be surprised if the amount grew should former President Donald Trump be reelected next month. Earlier this week, Patronis said in a letter that Florida should direct "a portion of state retirement system monies into cryptocurrency." Florida is not the first U.S. governmental body to invest in crypto-related financial instruments. Both the State of Wisconsin Investment Board and Jersey City, New Jersey make up two other recent examples. In a May filing, the State of Wisconsin Investment Board said it owned $163 million in spot bitcoin ETFs. Echoing Trump
COINBASE:BTCUSDLong
by FXBANkthe8055
Bearish Momentum Continues: AUD/USD Heading South – Are You In?Based on the AUD/USD charts, let's dive into a quick technical breakdown to see where the opportunities lie. Daily: We’re seeing AUD/USD in a strong downtrend, pressing into the lower levels near daily support at 0.6557. The daily candles are riding below both the 21 EMA and 8 EMA, which is further confirming bearish momentum. If sellers continue to drive price lower, our next solid support level to watch is down around 0.6481 and, eventually, 0.6445, a key weekly level. Given that prices have respected the weekly resistance level around 0.6677 previously, it’s clear that the sellers are holding control right now. Intraday Setup: The 4-hour and 2-hour charts both reveal a bearish bias as well, with price rejecting from the 8 EMA and dipping below minor support levels. On the 4-hour, any retracement back to around 0.6600 (which would be near the 8 EMA) could provide an ideal entry for those looking to join the downtrend. A break below 0.6557 with bearish volume could trigger further momentum to the downside. For a potential trade setup, I’m watching for price to retest around 0.6600-0.6610 for an optimal short entry, with targets down at 0.6557 and 0.6481. Keeping a tight stop above 0.6632 should provide a favorable risk-to-reward ratio. Let’s see if price respects these zones as we approach the end of the week!
Short
by SheenaL
A huge Cup with a handle on Bitcoin after 3 yearsFor those who understand the cycle, it's no surprise. For those who are not there yet, this is a very strong pattern, and considering Bitcoin will move to new highs this is a powerful indication of the bullish continuation. It took 1085 Days to do it! (3 years without 10 days). The tip of the last bull run initiated it and if you don't know what that means, you should join my Discord, YouTube, and Substack. Buckle up, fill your bags, and enjoy the last year of this bull run! It's NFA and DYOR
Long
by estimyth
1
GBP/AUD: Bulls Hit the Brakes, Bears Gear Up for a Drop!Alright, fam, let’s break down GBP/AUD on this Thursday afternoon. We’re looking at a strong move up that’s been grinding higher, but it’s run into some resistance near that 1.9889 weekly level. This is a significant area to watch since it aligns with previous rejections on the weekly. On the daily chart, we’ve got a rejection candle forming just below the weekly resistance, signaling some potential exhaustion on the bull side. The daily 21 EMA has been trailing upward, showing continued bullish momentum, but with price tapping resistance, we could be setting up for a pullback if the bulls can’t keep the pressure. Ideally, I’d look for confirmation of bearish pressure around 1.9689 (a daily resistance), seeing if the price will fall below it, possibly aiming for the next support around 1.9503 or even 1.9365 on a deeper pullback. On the 4-hour, it’s showing a potential short setup if we break down below the 1.9624 area, as that aligns with a trendline break and lower timeframe structure shift. I’m looking for a retest of this zone if we get the breakdown, with potential entries around 1.9630 with a target down to 1.9503. Remember, wait for confirmation before pulling the trigger; let the price show you that it’s ready to drop before hopping in.
Short
by SheenaL