XAUUSD SELL& BUYHi Friends
Another analysis on gold. So pretty much as always I have multiple areas for sell and buy. Starting with 1970 level which is a demand to be tested and below it 1965 . But our immediate demand level is around 1977 which can be tested. Currently price is at 1983 which there seems to be a bearish divergence on the footprint chart leading to a fall. In case market goes up 1987 area around it would be short term supply and above that I also have other supply levels.
*Because there are multiple news todays related to gold, we must proceed with caution and enter only if we are sure. specifically interest rate news will be impacting market severely .
As always add your own logic and intuition into this analysis.
Be honorable
Breakouttrading
USDCAD Approaching The 3-Month NecklineHi Traders!
USDCAD has formed a head-and-shoulders pattern and is approaching the neckline.
Here are the details:
There is a current lack of buyers in the market, and the market is trending down with swings of lower highs and lower lows. Our plan is to sell rallies looking for a break below the neckline and target the 3-month low at the 1.33802 level.
Preferred Direction: Sell
Entry Level: 1.35738
Stop Level: 1.36663
Target Level: 1.33802
Technical Indicators: 20 EMA
Please make sure to click on the like/boost button 🚀 as your support greatly helps.
Trade safely and responsibly.
BluetonaFX
EURCHFEURCHF is trading in descending parallel channel. The price was reacting well the support and resistance of triangle.
Currently the price has given the breakout of local falling wedge from strong support zone and now retesting the broken level where it is also forming a local support zone and seems like the price may go for another leg higher.
If the breakout sustain to upside the optimum target could be 0.9620.
What you guys think of this idea?
AUDUSD Breakout Opportunity Hi Traders!
AUDUSD is in a descending triangle, and there is a possibility of a break below the trendline support.
Here are the details:
The market is trending down with swings of lower highs and lower lows following the break and close below the 20 EMA. Our idea is to sell rallies, looking for a break below the support trendline and exit at 0.64924.
Preferred Direction: Sell
Entry Level: 0.65614
Stop Level: 0.65959
Target Level: 0.64924
Technical Indicators: 20 EMA
Please make sure to click on the like/boost button 🚀 as your support greatly helps.
Trade safely and responsibly.
BluetonaFX
ALTSEASON Get ready for a game-changing rideTOTAL Market Cap is on the breakout.
Looks like we're inching closer to the official ALTSEASON 2025.
The real fun is about to kick off.
Total 2 Breaking out.
Get ready for what could be a game-changing ride!
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TradingView: @FarmanBangashh
NZD/USD ↗️ Long Trade Setup ↗️Hello Everyone 🙋🏽♂️
descending Chanel Breakout
🟠 EP 0.61540
🔴 SL 0.61355
🟢 TP1 0.61723 ⚠️( Close 33% of the trade and Set the SL on EP )⚠️
🟢 TP2 0.61910 ⚠️ ( Close 33% of the trade )⚠️
🟢 TP3 0.62097 🔥 ( Final result)🔥
We are not responsible of any losses for anyone, our trades are profitable more for long terms and we take losses as everyone,
manage your lot size as well and your SL and TP and my opinion is 0.01 lot for each 500 $.
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Follow us for more 🙋🏻♂️
Best Regard / EMA Trading .
Disclaimer:
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It's not a financial advise, As everyone we take losses sometime but for long term trading we are profitable traders, so manage your account well with SL and TP and your lot size to keep your account safe and stay in the market
EUR/USD ahead of NFPThe EUR/USD pair is facing challenges in capitalizing on the slight rebound from the level of 1.07566 observed the previous day. Despite remaining below the 1.0800 threshold as the European session approaches, there is a lack of sustained selling pressure. Traders are eagerly anticipating the release of the highly anticipated US monthly employment data.
As the market eagerly awaits the Nonfarm Payrolls (NFP) report, there is a collective interest in gaining insights into whether the historically tight labor market is showing signs of loosening. This would reaffirm the dovish expectations regarding the Federal Reserve (Fed). Presently, market participants are increasingly convinced that the US central bank has concluded its policy-tightening efforts, with a growing inclination toward pricing in a 25 basis points rate cut as soon as March 2024. Consequently, the forthcoming vital data will play a pivotal role in shaping the Fed's policy outlook, subsequently influencing the demand for the USD and potentially providing significant momentum to the EUR/USD pair.
Another cycle another dollar to be madeHi guys its been a while since I've posted last
the cycle is continuing again as predicted
volume slowly picking up
etf bitcoin news is very promising
there is a new bullish channel emerging on the shorter period of the next 6 months
with a min growth of up to 65k
and max growth of up to 140k
after the spike it'll drop back down and slowly fill back to 45k as support while maintaining
the long term bullish channel from 2017
GBPJPYGBPJPY is trading in descending parallel channel. The price was reacting well the support and resistance of triangle.
Currently the price has given the breakout of triangle and now retesting the broken level where it is also forming a local support zone and seems like the price may go for another leg higher.
If the breakout sustain to upside the optimum target could be 187.
What you guys think of this idea?