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XAUUSD: A Bullish Breakout Idea Bearish Indications • Resistance Zone at 1821.42 • Significant Resistance Zone at 1846.90 • Seasonal Analysis shows DXY remains bullish in January at 60%. • No Divergence spotted. • As per analysis DXY is moving towards a bearish trend. Bullish Indications • Higher Highs and Higher Lows • Three White Soldiers • Significant Support Zone at 1814.11 • On a 1-day timeframe AB=CD where the D point is at 1881.27, indicating a reversal after price action reaches that point. • Gartley’s XABCD on 1 hr Time Frame Indicates a reversal in the area of 1815.98 • Seasonal Analysis shows XAUUSD remains Bullish in January 70% • On 4hr timeframe DXY has tested the horizontal Channel support line on several Occasions and breaking it down could start a new bearish trend. • As per the nature of DXY and XAU are traditionally negatively correlated, When the Price of DXY goes down XAU's price goes up. Strategy : Entry Long: 1827.014 TP1: 1845.235 TP2: 1878.105 Stop Loss: 1804.90 Lot Size 0.04 x 2 Risk/Reward: 1:2.25 Manage your Risk/reward accordingly!
OANDA:XAUUSDLong
by adnanmagsi
7
EURUSD - Boom or BustNFP around the corner, will it strengthen USD or weaken sentiment? EURUSD is at monthly channel low, good upside potential (macro) DOW is also at monthly low, be interesting to see what run bullish as it will determine the direction of the EURUSD pair. DOW + Bullish = EURUSD Bearish Negative NFP reports could push DOW into new lows and set the EUR off on it's bull run. Also quite difficult to give an accurate estimate because rates are still so high and with so much quantitive easing post covid from both the USD and EUR it's hard to tell what will happen. Good time for reactive trading, rather than predictive.
by Quantified
6
AUDUSD can move lower? 🦐AUDUSD on the 4h chart moved between 2 ascending trendline. The price has recently broke the lower trendline and is trading over a daily support at the 0.66500 level. How can i approach this scenario? I will wait for a possible break and test of the support area and IF that will happen i will look for a nice short order according to the Plancton's strategy rules. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
by InkyGrip
4
Toncoin Eyes $3 But RSI Sets Record for Most Overbought Reading Telegram's Toncoin (TON) may be leading in crypto market gains, but its daily Relative Strength Index (RSI) is currently at the most overbought reading in its history. However, as the TON price is battling the middle of an ascending channel, a breakthrough could expose the upper channel resistance trendline, which aligns with the $3.00 psychological level. RSI Overbought As of December 15, the daily RSI stands at 84.96, which marks the highest point ever on the daily chart and is well above the classic overbought reading of 70. The previous highest RSI reading was recorded earlier this year on October 26. During the previous run in October, TON's price was also testing the middle of the ascending channel, just like today's price action. At that time, after TON reached the RSI overbought signal, its price sold off to retest the bottom of the channel. TON Ascending Channel From a technical perspective, TON's price action is moving inside an ascending channel, which can guide future price movements. If we project to the upside of the same price range we experienced between the middle of the channel and the channel's support, then we could expect a 61% rally. A rally of this magnitude would send TON's price to the top of the channel, right around $3.00. Looking forward: Prices in the middle of the channel, between $2.50 and the $2.00 were once key resistance levels, but now act as support levels. These are the prices to watch on the way down.
by cryptohopper
3
XMRBTC Broken Below Recent Rising ChannelAfter a really nice pump upward following on from a strong Buy signal over a month ago, we've now reached the point of return - a breakout on the down side of this rising channel, combined with a Sell signal from our Crypto Tipster v2 indicator would suggest a return to the next level of support. There are two main levels of support below the current price, one at 5%, one at 15%, the price of XMRBTC should end up somewhere between these two levels. Keep your eyes on this one!
Short
by theCrypster
BTCUSDT > Can We Close Above $18000 Soon!?Analysis of #BTCUSDT Hi traders, today we will have a look at #BTCUSDT Bitcoin recently tried to close above $18000 and failed, we can expect that the market will try again, but first, it may pull back to reload with more buyers and try again to close above $18000 which will be very positive for this market, and crypt market in general. looking to the left side of the chart you can see we are trading inside the wick of a bearish candle, this is part of the reason why I think the market will all down first before it tries again to close above $18000, another reason why I don't think the market will take major move is that we have FED news today. but I do think after FED we might get back and try $18000, I am interested to know what you think. I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one Thanks for your continued support!
Long
by TheTradersAvenue
44
📉💥BTC Short-term Short Position💥📈BINANCE:BTCUSDT COINBASE:BTCUSD First take a look at my previous analysis and positions. 💥Channel break pattern💥 While price is inside the yellow area, you can open short position in two steps. If the price falls and reaches the TP1, you can risk-free the position. TP1-2-3-4-5-6-7 are on the chart. The optimum stop-loss1-2 are on the determined area. Please share ideas and leave a comment, let me know what's your idea. CrazyS✌
Short
by CrazyS
8
SPX500 might be heading shortSPX500 is facing strong resistance, 1 - touching a trend line that started on January 22 and touched again on March 22 and August 22. 2- A touch of the 200-day moving average. 3- Touch the ascending channel's top trend line. 4- Entered and exited a supply zone. On the 4 hour time frame, I see a head and shoulder pattern with a divergence on the MACD In order for the bears to take control, the neckline of the head and shoulders pattern at 3903.4 needs to be broken. -------------------------------- Feel free to share your thoughts in the comments, and kindly support the idea with a like. Your support is greatly appreciated!
OANDA:SPX500USDShort
by Candlestick_OB
2