found a key entry at liquidity for a sell made 345$ in 30 secearlier before this paly i made 1200$ but i seen that the ' Sell off " wasn't done yet so i jumped back in for a nice 345$
Beyond Technical Analysis
made 1200$ in less then 2 minuteswaited for the perfect entry for this sell off ; I was watching the markets all night to see where it would go in the am and found that it had more liquidity to grad down low so i bought into it and came out swinging, this is a Big Play for the books.
Technical Analysis EUR PairsHello Again,
Our general sentiment on EUR is a buy (long)
EURGBP had a massive movement with verifiable power behind it as well.
keep your eyes on these EUR pairs.
USDCAD / DXY / CXY / COMUSD / BCHUSD / XRPUSD / LNKUSDUSDCAD (USD/CAD)
Overview: The USD/CAD pair is showing strong momentum, currently hovering near the 1.3900 level after significant gains throughout October. With strong dollar strength and a weaker Canadian dollar driven by market sentiment and the oil market, USD/CAD remains a key pair to watch.
Key Levels: Support lies around 1.3750, with resistance near 1.3920 as the pair continues its bullish drive. Watch for potential consolidation near these levels as we approach key economic data from both regions.
DXY (US Dollar Index)
Overview: The US Dollar Index (DXY) has been trending upwards, currently testing 103.38 resistance. This reflects continued strength in the USD across multiple currencies, with traders eyeing upcoming economic data, including US inflation figures, which could impact the Fed’s policy outlook.
Key Levels: Resistance at 103.40, with upside potential if inflation data surprises to the upside, while 103.00 serves as a key support level.
CXY (Canadian Dollar Index)
Overview: The CXY has seen a sharp decline, falling to around 72.68 as weakness in the Canadian dollar continues. This is being driven by concerns over the country’s economic outlook and subdued oil prices, which are critical to CAD strength.
Key Levels: Watch for support at 72.40 and resistance near 73.00 if there’s any positive shift in oil prices.
COMUSD (Commodities Index )
Overview: COMUSD remains in a consolidation phase as commodity markets await further news on oil supply and demand dynamics. Any shifts in global economic data could move the index either way. The overall range remains tight.
BCHUSD (Bitcoin Cash)
Overview: Bitcoin Cash (BCH) has experienced a significant upward spike, testing the $375 level. Recent market optimism about altcoins and positive technical setups have contributed to this surge. However, BCH seems to be retracing after touching key resistance.
Key Levels: Resistance sits near $384, with support around $350. A break below $350 could signal further declines
INVESTING.COM.
XRPUSD (Ripple)
Overview: XRP is currently consolidating around the $0.50 - $0.54 range after a period of volatility. Market sentiment remains cautious, as traders await further developments regarding Ripple's ongoing regulatory challenges and overall crypto market direction.
Key Levels: Resistance at $0.56, with support near $0.50. A break below this range could prompt further downside.
LNKUSD (Chainlink)
Overview: Chainlink (LNK) is testing the $11.25 level, with short-term resistance near $11.40. A solid technical structure suggests that the coin may push higher if bullish momentum continues, but profit-taking could lead to pullbacks.
Key Levels: Support near $11.10 and resistance around $11.50.
USDSGD / EURNOK / CADCHF / EURJPY / NZDCHF / NZDUSD / SWISS20USDSGD (USD/SGD)
Overview: The USD/SGD pair is showing some short-term volatility around the 1.3100 level, with recent movements indicating consolidation.
Trade Insight: Watch for potential breakouts in either direction, with key resistance at 1.3120 and support at 1.3080. US dollar strength amid global risk-off sentiment could push the pair higher.
EURNOK (EUR/NOK)
Overview: EURNOK has been fluctuating around the 11.78 level, with a recent retracement from earlier highs.
Trade Insight: Look for a potential pullback if the Norwegian krone strengthens, especially with oil prices stabilizing. Key support lies at 11.72.
CADCHF (CAD/CHF)
Overview: CADCHF is trending upward, testing resistance near 0.6250. The Canadian dollar remains buoyed by positive oil prices, while CHF is stable.
Trade Insight: A breakout above 0.6250 could signal further upside, while a pullback could find support near 0.6225.
EURJPY (EUR/JPY)
Overview: EURJPY is currently testing 162.50 resistance after a steady decline. The yen's recent weakness is providing some upside for the pair.
Trade Insight: Watch for potential pullbacks if resistance holds, with downside support near 161.75.
NZDCHF (NZD/CHF)
Overview: The NZDCHF pair is in a downtrend, hovering around 0.5230 after a significant decline.
Trade Insight: With ongoing risk-off sentiment, expect potential continued weakness. Key support is at 0.5200 if downside momentum persists.
NZDUSD (NZD/USD)
Overview: The NZD/USD pair continues to trend lower, with the kiwi struggling against the US dollar's strength, trading near 0.5900.
Trade Insight: If support at 0.5890 holds, expect a possible bounce. Otherwise, watch for further declines, targeting 0.5850.
SWISS20 (Swiss Stock Index)
Overview: SWISS20 is consolidating around 12,710, after a recent pullback from highs.
Trade Insight: A break above 12,720 could trigger a move higher, but downside risk remains if key support near 12,650 is breached.
Summary
Today's market flow is filled with mixed signals across FX pairs, with potential breakouts and retracements visible. Stay alert for any signs of continuation or reversals in the key levels discussed across the USDSGD, EURNOK, CADCHF, EURJPY, NZDCHF, NZDUSD, and SWISS20 pairs.
What is happening to oil?This channel is not providing individualized trading or investment advice, nor is it a banking service, brokerage service, trading service, investment service or money management
service.
It is just an educated guess.
SELL EURCAD - trade explained in detail Trader Tom, a technical analyst with over 15 years’ experience, explains his trade idea using price action and a top down approach. This is one of many trades so if you would like to see more then please follow us and hit the boost button.
We are proud to be an OFFICIAL Trading View partner so please support the channel by using the link below and unleash the power of trading view today!
www.tradingview.com
Solana’s Next Move: Will It Break 163 or Drop to 120? Find OutSolana is at a make-or-break moment. If it can push through 163.25, we could be looking at a run up to 189 and beyond—but if it stays under 157, things could get a little dicey, with a drop to 145 and maybe even all the way down to 120.97.
We’ll break down what to watch for and where the next moves might happen. Solana’s either gearing up for a moonshot, or it’s about to take a nap at 120. Either way, we’re here for it!
If this gave you some clarity (or at least a laugh), don’t forget to like, drop a comment, and hit follow for more updates. Because let’s face it—predicting crypto is like trying to guess when the Wi-Fi will suddenly stop working!
Happy Trading
Mindbloome Trader
Gold’s Push to 2766—But an $80 Correction May Be Coming!Gold is eyeing key levels at 2719, 2738, and up to 2766, but let’s not ignore the potential for an $80+ correction along the way. I’ll walk you through the key targets and where the market might throw us a curveball.
Join me as we break down the technical and figure out if gold is set to rally or hit a correction. If this analysis helped (or at least gave you something to think about), give it a like, drop your comments below, and hit follow for more updates. Your support keeps the content rolling—unlike gold, which might need a timeout soon!
Mindbloome Trader
Happy Trading
NASDAQ: Push to 22K or Drop to 19K? Key Levels and Profit Zones Evening Traders
NASDAQ is hanging on to the 20,256 level, but if we break lower, we could be looking at a slide down to the 20,000-19,200 range. On the bright side, there’s a ton of support that could push us up to 21-22K. If that happens, it’s a great spot to take some profit before we hit major resistance—or worse, a deep correction.
Let’s dive into the key levels to watch and where to take action before things get bumpy. Will NASDAQ keep climbing, or are we in for a pullback?
If this gave you some insights (or at least made you think twice about your next move), give it a like, drop your thoughts in the comments, and hit follow for more updates. Your support keeps me going
Happy trading
Mindbloome Trader
Bitcoin to $69K? Corrections, Pitchforks, and Fibs—Oh My!Bitcoin is making its way toward that $69K target, but it’s not going to be a straight shot—expect a few corrections along the way. Using pitchforks and Fibonacci levels, we’ll map out where BTC might stall or pull back before reaching the goal.
If this breakdown was helpful (or at least mildly entertaining), give it a like, share your thoughts in the comments, and hit follow for more updates. Your support keeps the analysis flowing—because let’s be honest, predicting Bitcoin’s next move without these tools is like trying to guess when your next Amazon package will actually show up
Happy Trading
Mindbloome Trader
Tesla at a Crossroads: Will It Bounce to $275 or Slide to $202?Tesla’s at a make-or-break moment—are we looking at a nice correction back up to $275, or is it about to drop through the floor to $213, $208, and maybe even $202? If that $208 level doesn’t hold, we’ve got a strong 50% Fibonacci support around $203-$202—but whether it’ll catch Tesla or not is anyone’s guess.
Let’s dive into the key levels to watch and figure out if Tesla’s going to rebound or if we’re in for a deeper slide.
If you found this useful, give it a like, share your thoughts in the comments, and hit follow for more updates. Your support means a lot—after all, I need something to hold me up when Tesla can’t hold $208!
Mindbloome Trader
Will NVDA Bounce or Breakdown? Key Levels to Watch at $129 and BGood evening Trading Family
NVDA is at a critical point right now—will it bounce back from $129, or are we headed down to $126 (or lower)? Let’s dive into the key levels I’m watching and break down what might happen next. If the market holds up, we could see a solid bounce, but if not... well, buckle up for a bigger drop. No fluff—just some good ol' technical analysis with a dash of Fibonacci and candlestick magic.
If you found this helpful (or just mildly entertaining), give it a like, drop a comment with your thoughts, and hit follow for more updates. Your engagement helps me keep the content coming—and who knows, it might even help NVDA bounce back too!
MB Trader
Trade what you see not what you assume
Traders could veer towards the yen with risk events loomingIt is no coincidence that VIX futures have been creeping higher in recent weeks despite Wall Street hitting record highs, as traders are presumably hedging downside risk as we approach the US election. And that means it may not take much to spook traders out of bullish bets with markets at frothy levels, and that could see the yen strengthen as a safety play. Matt Simpson takes a technical look at yen pairs of interest.
Ethereum - Buy It Now Or Never!Ethereum ( BITSTAMP:ETHUSD ) will offer a final retest:
Click chart above to see the detailed analysis👆🏻
Ethereum is about to retest a perfect confluence of support from which a bullish reversal is almost certain. Following the overall bullish trend, Ethereum should retest the previous all time high next and then maybe even follow Bitcoin and create new all time highs going into 2025.
Levels to watch: $2.000
Keep your long term vision,
Philip (BasicTrading)
The Wyckoff VSA Method Showing Selling and No Demand In this short video, Author of "Trading in the Shadow of the Smart Money", Gavin Holmes, explains one of the most important trades to the short side, and ironically it works in any timeframe as shown. This is Gold Futures, but if you look at the NQ today as I filmed this it also set up early to the short side in NVIDIA, ARM and the NQ Futures.
Can You Use Math to Elevate Your Trading Strategy?In the world of trading, understanding market movements is crucial for success. One of the most effective frameworks for interpreting these movements is Wave Theory, a concept that helps traders identify price trends and potential reversals. By incorporating mathematical projections, traders can enhance their analysis and make informed decisions. In this article, we’ll explore the fundamentals of Wave Theory and demonstrate how to project price movements using wave measurements—specifically, measuring Wave 1 to project the size of Wave 3.
Understanding Wave Theory
Wave Theory, popularized by Ralph Nelson Elliott, posits that financial markets move in repetitive cycles or waves, driven by collective investor psychology. Elliott identified two primary types of waves:
Impulse Waves: These are the waves that move in the direction of the prevailing trend, typically comprising five waves (labeled 1, 2, 3, 4, and 5).
Corrective Waves: These waves move against the prevailing trend and consist of three waves (labeled A, B, and C).
In a typical bullish market, you will observe a series of impulse waves followed by corrective waves. Understanding these waves allows traders to identify potential entry and exit points based on price patterns.
The Mathematics Behind Wave Projections
One of the key aspects of Wave Theory is using mathematical relationships to predict future price movements. A common approach is to measure the length of Wave 1 and use that measurement to project the size of Wave 3. Research indicates that Wave 3 often ranges between 1.0 to 1.68 times the length of Wave 1.
Steps to Project Wave 3:
Identify Wave 1: Begin by determining the starting point of Wave 1 and measuring its length. This can be done by noting the price levels at the start and end of Wave 1.
Calculate the Length of Wave 1:
Length of Wave 1 = End Price of Wave 1 - Start Price of Wave 1.
Project Wave 3:
To project Wave 3, multiply the length of Wave 1 by the desired factor (1.0 to 1.68).
Projected Length of Wave 3 = Length of Wave 1 × (1.0 to 1.68).
Determine the Target Price:
Add the projected length of Wave 3 to the endpoint of Wave 2 to determine the target price for Wave 3.
Target Price = End Price of Wave 2 + Projected Length of Wave 3.
Example: Applying Wave Theory in a Trading Scenario
Let’s say we’re analyzing a stock and identify Wave 1 as follows:
Start of Wave 1: $50
End of Wave 1: $70
Step 1: Measure Wave 1:
Length of Wave 1 = $70 - $50 = $20
Step 2: Project Wave 3:
Using the range of 1.0 to 1.68:
Minimum Projection = $20 × 1.0 = $20
Maximum Projection = $20 × 1.68 = $33.60
Step 3: Determine the Target Price: Assuming Wave 2 has an endpoint of $80:
Minimum Target Price = $80 + $20 = $100
Maximum Target Price = $80 + $33.60 = $113.60
Thus, based on Wave Theory, we would anticipate that Wave 3 could reach between $100 and $113.60.
Wave Theory, combined with mathematical projections, provides traders with a structured approach to understanding market dynamics and predicting future price movements. By accurately measuring Wave 1 and projecting Wave 3, traders can make informed decisions based on calculated price targets, improving their chances of success in the financial markets.
As you incorporate Wave Theory into your trading strategy, remember that no system is foolproof. Always combine technical analysis with sound risk management practices to protect your capital. With patience, discipline, and a strong mathematical foundation, you can leverage Wave Theory to enhance your trading prowess and navigate the markets with greater confidence.
How can you see yourself incorporating mathematical projections like Wave Theory into your trading strategy, and what has been your experience with predicting market movements using these techniques? Let me know in the comments.
Happy trading!
amazing scalp trade done in 10 secondsToday i literally made 145$ in 10 seconds, waited for the system to signal me a sell " Alert ". once to sell alert triggered i got in and got right out ; i finished the day positive 250$. The key to trading is to feed your ego and in order to feed your ego you have to receive gains. The gains can be big or small just don't get greedy , greed is the number one killer in trading stocks and in life in general.
General Chart Work SessionI am recording these sessions to show the work I do on charts in general. I am gracious to my mentor @timwest for showing me this style of stock analysis! I am not perfect at it, but I review charts quite often to look at different potential developments and create/test ideas using this method. Of course, you will see other tools I enjoy using on my charts as well.
In this video I am reviewing the following: NYSE:HD , NASDAQ:PTON , NYSE:NCLH , and, briefly, $BBW. All of these I consider to be in general uptrends and personally have a bias to the long side. Of course, anything can happen in the markets, so only time will tell how these ideas continue to play out.
Hope you enjoy, and best of luck out there!
Tracking Inflation with this Ratio - Crude Oil vs Gold RatioThe Fed is using this Crude Oil vs Gold ratio in tracking inflation.
The one in white is the inflation and the one in yellow is the Crude Oil vs Gold ratio.
We saw that when inflation peaked at 9% in June 2022, so did this ratio.
Although we recently saw a cut in interest rates, the yields are now moving higher, and gold has maintained its high point.
This makes us wonder: will inflation move toward the 2% target, or is it still at risk of rising further?
Micro WTI Crude Oil Futures & Options
Ticker: MCL
Minimum fluctuation:
0.01 per barrel = $1.00
Disclaimer:
• What presented here is not a recommendation, please consult your licensed broker.
• Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises.
CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
What’s Flowing: GBPUSD / CADCHF / BXY / DXY / XRPUSD / ETHUSD Today's episode covers both forex and crypto markets, along with insights into the commodity space. With several key economic releases and global events in play, we expect volatility to increase across these assets. Be ready for breakouts in both currency pairs and cryptos, and monitor how commodity markets, like coffee, react to supply developments.
Stay tuned for more updates and trade ideas as we continue to track these market flows throughout the week!
FX:GBPUSD
OANDA:CADCHF
BITSTAMP:XRPUSD
COINBASE:ETHUSD
TVC:BXY
TVC:DXY
Bitcoin - correction is not overif you like the idea, please "Like" it. This is the best "Thanks!" for the author 😊 P.S. Always do your own analysis before a trade. Put a stop loss. Fix profits in installments. Withdraw profits in fiat and please yourself and your friends.
BUY NZDJPY - trade explained in detailTrader Tom, a technical analyst with over 15 years’ experience, explains his trade idea using price action and a top down approach. This is one of many trades so if you would like to see more then please follow us and hit the boost button.
We are proud to be an OFFICIAL Trading View partner so please support the channel by using the link below and unleash the power of trading view today!
www.tradingview.com
