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Beyond Technical Analysis

WHAT'S FLOWING: AUDCNH / CADCHF / EURNOK / XR1. AUDCNH Market Sentiment: AUDCNH is showing some weakness, with analysis pointing towards potential declines towards key support levels near 4.500. The pair seems to be struggling amid mixed global sentiment towards Chinese economic growth and fluctuating Australian dollar strength. Trade Idea: Monitor the short setup if the pair continues downward pressure, especially with upcoming data releases from both economies likely to increase volatility​. (TradingView) 2. CADCHF Market Context : CADCHF has been steady as commodity-linked currencies remain sensitive to global oil prices and risk sentiment. Any further pressure on crude oil could create potential opportunities to short the CAD against the more stable Swiss franc. Outlook: Traders should keep an eye on oil developments and geopolitical news, which could influence CADCHF movements and create breakout opportunities. 3. EURNOK Movement: The euro remains sensitive against the Norwegian krone, with EURNOK reacting to oil price shifts. Norway’s economy, reliant on energy exports, continues to benefit from oil price surges. As energy markets evolve, the krone could further strengthen, putting downside pressure on EURNOK. Strategy: Consider potential downside plays, especially as oil markets remain volatile and in focus this week. 4. XRPUSD Crypto Sentiment: XRP has been fluctuating, with its market performance influenced by broader cryptocurrency volatility. Over the past few months, XRP has shown resilience, with increased trading activity recently supporting slight upward movements​ (CoinMarketCap). Trade Setup: The token remains positioned for short-term speculative trades, with investors eyeing the 0.54-0.56 USD range as a key area to watch for potential breakouts or reversals.
TVC:JXY
by moneymagnateash
Weekly Forecast - Bullish Dominance On DXY Until Further NoticeDXY: We're looking at the weekly range for HTF perspective and it's painting a clear picture. Price is hovering just below 1W equilibrium and so highly probable that we will mitigate this level. I've scrapped the 1D fib ranges as these were arguably a bit too subjective given I could project the retracement from multiple levels. 4H is still bullish and until price begins indicating otherwise I'll be looking for continuation higher on the dollar. This positions me as bullish dollar pairs and bearish dollar cross pairs but upon a closer look, not all pairs are that black and white. My bias on the respective pairs for the week is as follows: DXY - LONG EURUSD - SHORT AUDUSD - NEUTRAL GBPJPY - LONG USDJPY - LONG As always, will provide a daily update as the market develops.
Long
by The_Modern_Day_Trader
NVDA Set for a Rebound: Will It Hit $137.40 and Beyond?Hey, trading family! Today we’re diving into NVIDIA (NVDA) and its recent price action. Right now, we’re seeing a correction, but all eyes are on whether it can push back up toward that key resistance level of $137.40. Here’s what you need to watch: Downside risk: If NVDA continues to correct, there’s potential for it to drop below $132. If that happens, we could see the price head even lower, testing support around $128-$130. Keep an eye on these levels, as breaking below them could signal further downside. Upside potential: On the flip side, if NVDA finds support and buyers step in, we could see it climb toward $137.40. A strong move above this resistance could lead to a bigger breakout, setting the stage for a push higher. Stay tuned to how NVDA reacts around these key levels—this correction might just present a great opportunity, depending on how the market moves. If this helped, drop a comment or share your thoughts on NVDA’s next move!
NASDAQ:NVDA
by Mindbloome-Trading
Find Your Trading Style: What Type Of Trader Are You ? Good morning, trading family! Ever feel overwhelmed by all the different trading strategies out there? You're not alone, and today we’re here to help you figure out exactly which trading style suits you. In this video, we’ll explore the four main types of trading—Scalping, Day Trading, Swing Trading, and Position Trading—and give you real-life examples so you can see which one fits your personality and goals best. Whether you’re someone who thrives on fast-paced, high-energy trades or prefers to take a step back and play the long game, this video will give you the clarity you need to trade with confidence. My goal is to help you tailor your strategy so it feels natural and aligns with how you want to trade. If you find this valuable, please comment below and tell me which type of trader you think you are! Don’t forget to like or share this video so other traders can benefit from it too. Your feedback can make a huge difference for someone else in our trading family! Happy Trading Mindbloome Trader
Education
by Mindbloome-Trading
BTCUSDAye... It's good to be on this side! Come Tap Into one of the Greatest Top-Down Analysis you'll ever hear & see. In this video I breakdown past & current Price Action & recap my recent callout from 2+ weeks ago that's playing out Perfectly! _SnipeGoat_ _TheeCandleReadingGURU_ #Like #Share #Subscribe #PriceAction #MarketStructure #TechnicalAnalysis #Bearish #Bullish #Bitcoin #Crypto #BTCUSD #Forex #ScalperTrader #DayTrader #SwingTrader #PositionalTrader #MambaMentality #GodMode #HighLevelTrader
BITSTAMP:BTCUSDShort
by TheeSnipeGoat
Mastering Pitchforks: A Powerful Tool For TradersGood morning Traders So I had a question from one of my followers: can you explain pitchforks in more detail: Pitchforks are a fantastic tool for traders at any experience level, offering a visual way to map out potential support and resistance levels based on market movements. With three key anchor points, a Pitchfork reveals trend channels by highlighting the market's natural ebb and flow. The central line acts like a magnet for price, while the upper and lower lines provide a framework for spotting where the market might reverse or break out. For a more advanced strategy, try overlapping Pitchforks across different timeframes or swings. When these Pitchforks intersect at certain levels, they create a powerful correlation. This suggests that the market is paying attention to these areas, and they often become key turning points. These confluence zones act like traffic signals, giving you clues about where the market could change direction or gain momentum. By understanding and leveraging these correlations, you can build stronger, more confident trade setups. Whether you're looking to confirm a reversal or catch a breakout, Pitchforks can help guide your decisions and boost your accuracy in identifying those critical market levels. I hope this can add more tools to your trading style and maybe you will love pitchforks as much as I do if you like this video or want more videos: comment below and a good ole boost to help those in our trading community benefit Happy Trading MB Trader
Education
by Mindbloome-Trading
COT Analysis - CurrenciesThis week is a quiet week for COT setup markets. In this video I overview how the currency setups which I have identified over the last few weeks (Long USD, Short JPY, AUD, CAD, EUR) have played out and are well underway. As of right now, the only currency that is setup for a trade is the Mexican Peso. This video reviews the combination of factors which have made this market setup for longs. To be clear, this does not mean long now. But this means that, if we get an entry trigger on the daily, we are authorized to long this market. Have a great weekend.
CME:6MZ2024
by Tradius_Trades
$SNOW (Snowflake) | Long Analysis/ThesisNYSE:SNOW is primed for upside with a strong support level formed around $109 (indicated on chart). We are expecting these 3 upside price levels to be significant points of resistance in the coming weeks, however the $120 strike options will prosper as we approach the $145 level and will be the first to get cut. Remember: This is a great name that got unfairly beaten down. My good friend StockSavvyShay (on X) has written extensively as to how they've improved their business. These are some of his main thoughts to consider: Snowflake is enhancing its governance capabilities with Snowflake Horizon, a comprehensive cross-cloud governance model designed to simplify the management of complex data ecosystems. This solution offers integrated compliance, security, privacy, interoperability, and access features, allowing customers to efficiently manage data across various platforms and teams. Key enhancements include: - Achieving additional compliance certifications such as the UK's Cyber Essentials Plus and the FBI's CJIS Security Policy, ensuring top-tier security and privacy for public sector data. Introducing Data Quality Monitoring, which simplifies the tracking and improvement of data quality metrics. - Launching a Data Lineage UI that visualizes the impact of upstream changes on downstream data, enhancing data management transparency. - Developing Differential Privacy Policies to protect sensitive data without compromising individual record security. - Enhancing data classification with custom classifiers and a new UI-based workflow, supporting better data organization. - Rolling out the Trust Center for centralized security and compliance monitoring, helping to reduce costs and prevent risk escalations. In addition, Snowflake is improving cost management with a new Cost Management Interface, which provides a unified view of spend metrics across clouds and regions. This tool offers greater visibility into account-level usage, configurable spend views, and actionable recommendations to optimize resource allocation. These advancements strengthen Snowflake's position as a leader in data governance and cost management, providing customers with effective tools to streamline operations and enhance efficiency. RISKS: Convertible debt back in September leads me to believe that they are willing to decelerate growth and buy back their stock at a hefty multiple - this does give me cause for concern. However, the fact that price has held - despite this news gives the power to the bulls.
NYSE:SNOWLong
by PennyBois
Breaking Down Winning Trades on USOIL and UKOILBreaking Down Winning Trades on USOIL and UKOIL: A Renko and Double Bottom Analysis Today, we delve into a powerful trading strategy that combines the Renko charting technique with the classic double bottom pattern, specifically focusing on trades executed on USOIL and UKOIL. By understanding these concepts, you can refine your trading approach and potentially enhance your profitability in the oil market. Understanding the Basics: Renko Charts Renko charts are unique in that they focus solely on price movement rather than time. This allows traders to filter out market noise, making it easier to identify significant price trends and patterns. In our analysis today, we utilized Renko charts to visualize price movements for both USOIL and UKOIL, helping us identify critical entry and exit points. Key Features of Renko Charts: Price Focused: Renko blocks are created only when the price moves a predetermined amount, meaning fluctuations within that range do not affect the chart. Trend Clarity: By eliminating time-based noise, Renko charts offer a clearer picture of market trends, making it easier to spot potential reversals and continuations. Identifying the Double Bottom Pattern The double bottom is a bullish reversal pattern that typically signifies a potential trend change from bearish to bullish. It forms when the price creates two distinct lows at approximately the same level, separated by a peak. Traders often view this pattern as a strong indication to enter long positions. Characteristics of a Double Bottom: Formation: Two consecutive troughs at similar price levels, indicating support. Confirmation: A breakout above the peak between the two lows serves as confirmation of the pattern. Today’s Winning Trades on USOIL and UKOIL Trade Breakdown for USOIL Analysis Setup: Using Renko charts, we identified a significant double bottom pattern on the USOIL chart. The first bottom formed at approximately $72.00, followed by a peak around $74.00, and then the second bottom retraced back to $72.00. Entry Point: We entered a long position at $73.596 upon the breakout above the $74.00 level, signaling a bullish reversal. Trade Outcome: The price surged to around $75.75, providing a solid profit margin. The clarity of the Renko chart allowed us to set our stop-loss orders below the second bottom, minimizing risk while maximizing potential reward. Trade Breakdown for UKOIL Analysis Setup: Similarly, Renko charts revealed a double bottom formation in UKOIL, with the first low around $77.00 and the second low also near $77.00, separated by a peak at $78.50. Entry Point: We confirmed the pattern when the price broke above $78.48, signaling another opportunity to go long. Trade Outcome: This trade yielded excellent results as UKOIL climbed to approximately $79.25, providing a favorable risk-to-reward ratio. The strategic use of Renko charts aided in managing the trade effectively. Today’s successful trades on USOIL and UKOIL exemplify the effectiveness of combining Renko charts with double bottom patterns for technical analysis. By focusing on price movement and clear patterns, traders can make informed decisions and enhance their trading strategies. Key Takeaways: Utilize Renko charts to filter out noise and identify trends effectively. Recognize double bottom patterns as powerful reversal signals. Always confirm patterns with breakouts to increase the likelihood of successful trades
BITSTAMP:BTCUSDLong
by TLTurnerTV
Trade Recap: USDJPY - LONG, 10/10/2024UJ Bias Analysis: After being stopped out at BE on the existing position, price protracted lower prior to NY session and into 1H range EPD (Both minor & major) and mitigated a 15M OB which aligned with a retest of the previous day's true open. Long positions as a re-entry were executed after entry confirmation was received. Grade: High Quality Valid What I did well or could've done better: - I was perhaps too optimistic with my take profit level and should've set TP at the 4H EQH's on the original position. - I was able to spot the long opportunity shortly after being stopped out and while I was fearful of the outcome at execution, I followed the plan and placed the trade.
Long
by The_Modern_Day_Trader
This is Wyckoff VSA Buying and Selling in FX AUD/USDIn this short educational video, Author of "Trading in the Shadow of the Smart Money" and the new book "Think, Link, Create" explains the universal laws that are on the charts if You know what to observe. The Laws are Supply and Demand, Cause and Effect, Effort vs Result. This video shows a chart of the AUD/USD with clear examples of the principles of Professional Buying and the Professional Selling on multiple timeframes. Gavin also looks at the NQ Futures three minute chart as weakness appears. We hope this information helps you all.
CME_MINI:NQ1!
by gavinh10277
WHAT's FLOWING: AUDNZD / CADJPY / XAUEUR / LMToday's Episode of What's Flowing: AUDNZD / CADJPY / XAUEUR / LMKUSD / NERUSD / IMXUSD In today’s episode of What’s Flowing, we’ll explore key market trends across multiple currency pairs and cryptocurrencies, bringing you insights for your next trade: 1. AUDNZD Movement: The AUDNZD pair is seeing increased volatility this morning, with investors positioning ahead of key Australian economic releases, including the NAB Business Confidence, RBA Meeting Minutes, and Westpac Consumer Confidence reports. Outlook: This pair has seen a strong uptrend over the past week, but technical resistance around 1.1060 suggests a potential pullback before further movement to the upside​ (TradingView). 2. CADJPY Movement: CADJPY continues to see strong correlations with other Yen pairs, such as EURJPY and AUDJPY, reinforcing bullish sentiment for the CADJPY pair ​(Myfxbook.com). Outlook: Watch for potential upward momentum to continue, as commodity prices (including oil) are propping up the Canadian dollar while the Yen remains weak amid a dovish Bank of Japan stance. 3. XAUEUR (Gold in Euros) Movement: Gold is trading in a consolidation phase against the Euro, hovering near support at €2520. This setup suggests that any break in the broader macroeconomic environment could spark sharp moves​ (Myfxbook.com). Outlook: Investors continue to view gold as a safe haven, particularly as inflationary concerns across the Eurozone simmer. Keep an eye on upcoming economic data releases to gauge future price action. 4. LMKUSD, NERUSD, IMXUSD, LMKUSD & NERUSD: Both coins have seen increased volume and volatility, offering opportunities for quick gains or hedging against broader market declines. IMXUSD: Immutable X continues to show strong bullish momentum due to ongoing developments in its ecosystem and broader NFT market gains. Investors should watch for potential profit-taking opportunities as it approaches new resistance levels. Stay tuned for more in-depth analysis on each of these pairs and tokens as we continue to track their movements throughout the trading day.
BITSTAMP:BTCUSD
by moneymagnateash