AUDUSD BUY STOPAUDUSD is making lower Highs and lower Lows, it is in down trend but now it formed bullish wedge pattern RSI divergence. it will likely to change its up trend into up trend so place the buy stop order above LH
Chart Patterns
31.10.24 Morning ForecastPairs on Watch -
FX:EURUSD
FX:NZDUSD
A short overview of the instruments I am looking at for today, multi-timeframe analysis down to what I will be looking at for an entry. Enjoy!
Bitcoin and altcoin overview (October 31-November 01)Yesterday, as we anticipated, Bitcoin paused and went into a slight correction.
Currently, selling pressure is fairly weak, but for now, we can expect continued rotations within the current volume zone and its boundaries at $73,000-$71,000, with a priority for an upward breakout and a test of the ATH.
Buy zones:
$70,000-$68,900 (pushing volumes)
$67,500-$66,800 (maximum sideways volume)
$63,100-$62,500 (mirror volume zone)
$60,000-$59,000 (buyer activity)
Interesting altcoins:
For SXP , below the current prices, there’s a zone of pushing volumes at $0.24-$0.234. If this zone is filled and there’s a buyer reaction, we open a long position.
AMAZON EXPANDSThe national football league and amazon web services recently announced an extension of their long -term partnership. SINCE 2017, the NFL and AWS have been at the forefront of innovation, leveraging AWS'S artificial intelligence and machine learning services to shape the future of the football. Amazon FRESH has also introduced new grocery savings for its prime members shopping in store and online at amazon fresh: a new private label brand that offers great value for all their customers." We are always looking to make grocery shopping easier, faster and more affordable" said CLAIRE PETERS, the vice president of AMAZON FRESH worldwide. Besides the good news of this stock we can see it has formed a w pattern signalling a buy and will continue to buy. GOOD LUCK
GBPJPY - LongLooking for longs on GBJPY. After taking out the daily lows of this week it looks like GJ can continu it's trend up towards the weekly high.
NZD/USD Still Subdued, Here's Why..Markets are calming somewhat pre NFP and importantly pre election.
The lack of USD weakness off the back of stronger economic data previously is the main culprit alongside a lack of demand for Antipodean currencies.
This, unsurprisingly has not changed. Price levels below are far more favourable for traders and there is still no impetus for longs (see current price action, pushes lead to instant rejection off early MA's).
I am willing to scale in lower, no rush to get massively long whatsoever. Only light entries if need be.
See bottom black line in line with prev PA zones.
Bearish engulfing + SP500 divergencesAs I have already posted bearish divergences earlier, now if this week closes as it is now, we have a ready bearish embrace, which is a strong bearish signal.
Btc / Usdt liquidity zonesHello guys in you want to get a short position so wait till price reaches to 73400$ level that shown for you
So if you want to get a long position AGAIN wait till price reaches liquidity around green line
Market is about liquidity nothing else
PATIENCE is key
Gold : Leveraging Double Top Pattern and Support AnalysisToday, I shared a short strategy, selling in the 2787-2791 range, with a target set at 2783-2779 and a stop loss at 2792. This is a smaller range signal.
The reason for the sell signal is the double top pattern observed on the 30-minute chart, along with the break of MA5 and MA10. I see this as a solid selling opportunity, with the main target being MA60. During the New York session yesterday, gold found support at MA60 twice, with long lower wicks, indicating strong support. Typically, longer upper wicks suggest stronger resistance, while longer lower wicks indicate stronger support.
I hope this trading tip helps everyone—don’t forget to accumulate your knowledge!
TRXUSDT Cup And Handle pattern !!!This is not an asset i would look at in daily or even monthly basis but, is this crypto is creating a cup n handle pattern ?
does that mean we would see above 0.20 cents on TRX !!!
This will be a problem for me because i mostly transact with Tether and i do it on TRON network so if TRX getting higher then i have to pay higher fee for my transactions
Please just tell me that i'm imagining things and TRON not gonna go above 0.20 cents.
BTC Triangle Breakout StrategySharing my BTC setup on the 1-hour chart—currently breaking out of a triangle pattern. I've entered a position with a stop loss at 72,152 and a target of 73,600, aiming for a 2.5 risk-reward ratio in daily trading. This setup aligns with managing risk while catching potential momentum from the breakout. Keep following to track the outcome, and let’s exchange strategies on similar setups! 📉💬
#ARB/USDT Analysis:📈 #ARB/USDT Analysis:
A falling wedge pattern has fully formed on the weekly chart for #ARB/USDT, signaling a potential breakout. Target levels are $0.9, $1.1915, $1.6625, and $2. Entry is recommended #upon confirmation of breakout, with stop-loss set below the wedge.
PONKE Breakout Imminent? Key Levels to Watch!Yello, Paradisers! Could #PONKE be gearing up for a powerful breakout, or is there more consolidation ahead? Let's break it down.
💎#PONKEUSDT has just broken out of a 70-session consolidation range and is now trading within an extended falling wedge pattern, signaling that the ongoing pause could soon come to an end.
💎Bulls might soon regain control, especially if we see a clean breakout above the wedge resistance. If this happens, we can expect an initial price surge towards the 0.456 level, followed by a climb to the 0.505 to 0.539 range. This is where heavy resistance lies, and it's likely to slow down any further upward momentum, as profit-taking could kick in around these levels.
💎On the downside, PONKE is holding firm at the strong support between 0.382 to 0.368, which has served as a key consolidation zone. This range is about to receive additional support from the dynamic EMA-50, making it increasingly difficult for sellers to push the price any lower. Even if there are minor dips, the next significant support zone is at 0.330 to 0.322, which should provide a solid floor.
Stay sharp, Paradisers! The potential for a big move is here, but as always, patience and discipline are crucial.
MyCryptoParadise
iFeel the success🌴
USDJPY - Bearish TrendCurrently, USD/JPY is showing potential bearish momentum. A key level to watch is the previous higher low; a break below this level would confirm a bearish reversal. Additionally, there is a divergence present on the chart, with the price making higher highs while the RSI shows lower highs. This discrepancy indicates weakening bullish strength, suggesting that sellers may gain control. Traders should monitor these levels closely for potential trading opportunities.
EURUSD : Will it continue to increase or decrease again ?EURUSD is currently in a correction phase following an extended period of decline. The pair has reached a support zone near 1.0789, sparking some potential for a rebound.
From a bullish perspective, we might see EURUSD target key levels at 1.091 and possibly even reach the resistance at 1.096.
However, for this upward correction to gain traction, the bulls will need stronger confirmation to truly revive an uptrend. Technical and market sentiment factors still favor the bears, with a reversal signal from the 34 EMA and a newly formed resistance level emerging from a previously broken support zone, as highlighted on the chart.
These are my brief thoughts on EURUSD for now. Do you share the same view?
GBPJPY Long Trade SetupGoing long on Gbp/Jpy, The pair looks like it could continue to move higher especially after opening with a gap. The price action behavior is a bit stiff and this setup does come along with its own risks like the GBP news events today.
Entry: 199.66
Stop: 197.70
Targets: 201.50 & 203.44
Risk to Reward 1:2
SPEL | Inverse Head & ShoulderForming Inverse Head & Shoulder Pattern
Entry Price: 44.70
TP1: 44.70 (towards Neckline resistance)
TP2: 50 (if breaks neckline)
TP3: 56 (Invers H&S Projection target)
SL: 36
USDCHF is Already Bullish on the week...In Regards to Dollar Correlation,
We can expect Dollar to head lower now on a HTF.
With that being said,
A quick buy (in the turtle soup) up to grab liquidity, before heading down long term, would be ideal for the big boys controlling the market.
We do what they do.
Thats what we would do if we were them.
If you know what I mean, there you go ;)
If not, ask!
Goodluck,
X
EURUSD has formed a double bottomOn the 4-hour chart, EURUSD formed a double bottom pattern, with short-term bulls in the lead. Currently, the 1.081-1.083 area can be watched. If it falls back and stabilizes, you can consider continuing to go long. The upper resistance is around 1.090, and after breaking through, the upper resistance is around 1.095.
Bitcoin Trend Analysishello guys
As you see price breaks 69000$ zone and now this zone became support. So i think 69000$ level will be hold and price after range makes a HH
Always DYOR
ETHUSD-SELL strategy Kagi 2-Hourlywe are in red territory of the regression channel, and negative on stochastic etc. I feel we will attract regression channel bottom near $ 2,390.00.
Strategy SELL @ $ 2,500-2,525 and take profit near $ 2,390.00
Be careful with Amazon !!!In my opinion, the shares of this company should be 1.5% lower than the current price, which means at $186.5 .
So, any correction in the shares of tech giants is an opportunity for investment entry....
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Best regards CobraVanguard.💚
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
