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TRUMP PRESIDENTIAL OATH GOLD SIGNAL ALERT!Hey All Traders: Tomorrow Monday market open and due to BANK holiday in US gold possible move sideways. for now Gold strong supply zone at 2713 to 2716 are valid for entry for short. target of MONDAY signal 2690 and my second target is 2685 after this point hit gold will buy and mark a new ATH. GOLD fall in this week because TRUMP sit on PM house and news is good for US currency so GOLD will fall and big drop coming in market.
OANDA:XAUUSDShort
by GOLD_TREND_GURU
4
GOLD 100% SIGNAL ALERT!🚀 Attention, investors! 🌟 XAUUSD is on fire, breaking barriers with style! 🔥 Here's the scoop: 🔍 XAUUSD Analysis: 📊 Caught in a thrilling showdown between 2724 and 2730. 🤔 Ready for the breakout? 📉 Downside Potential: 📉 Brace for potential sell-offs if it slips below the range! 🎯 Targets: 2715, 2705. 📈 Upside Potential: 📈 Get ready for buying opportunities if it breaks above! 🎯 Targets: 2735, 2743. 💬 Join the Conversation: 💬 Share your insights as we navigate this golden journey! 🗣️ Let's make magic happen! 💼💫
OANDA:XAUUSD
by GOLD_TREND_GURU
Corrective Wave and Chart Pattern Analysis - RSI TFW DivergenceCorrective Wave Structure a ABC Analysis pattern in TFW timeframe Observations: A bullish divergence is evident in the momentum near the support zone indicating weakening bearish momentum, the end of wave C, and a potential reversal to the upside. Analysis: - Wave A: completed descending channel retraced 61.8% of previous uptrend with 5 wave diagonal pattern - wave A.1 the shortest and wave A.3 is the longest. - Wave B: retraced 61.8% of Wave A with an extended flat 3 wave abc pattern - wave B.c extended 261.8% of B.a - Wave C: A descending triangle /ending diagonal pattern is visible within Wave C current extending 61.8% of Wave A. Support: - The Green zone (liquidity support) around 4.50 THB is significant, acted as a strong support level multiple times in the past. - A breakdown below this zone could lead to further downside (red arrow scenario) while holding above it might trigger a reversal (green arrow scenario). Breakout: - Resistance levels marked by Wave B’s high 6.4+ THB and intermediate levels around 4.9+ THB are critical breakout moving average 20 week dynamic resistance zone. - An upward breakout past these levels would confirm the end of the corrective phase and the start of a new bullish impulse wave. Potential Scenarios: Bullish Case (Green Arrows): TP1: Price holds the liquidity support zone and breaks above 5.50 THB (near-term resistance). TP2: A successful retest of 6.50 THB Wave B zone could lead to a new bullish wave formation. RRR: 3:1 Bearish Case (Red Arrow): A break below the liquidity support zone 4.50 THB would confirm continued bearish pressure. Price could target lower levels, possibly extending toward 3.50 THB or beyond. Action: + Look for bullish confirmation with a breakout above descending triangle (ending diagonal) resistance 4.80 THB zone + Watch for volume surge volume profile indicator to validate the reversal trigger. + Monitor price action near the liquidity support zone 4.50 THB. + Accumulate only if the support holds and momentum confirms a bullish reversal. Always trade with affordable risk, respect your stop.
SET:NERLong
by dukeposh
Descending Channel on EUR/NZD @ D1A descending channel pattern formed on the daily chart of the EUR/NZD currency pair following a month-long uptrend. The pattern's borders are marked with the yellow lines. The potential entry level is at the cyan line. The potential take-profit level is at the green line. The stop-loss can be set to the low of the candle preceding the breakout candle. It's not shown on the chart. I will ignore bearish breakouts from this descending channel formation.
Long
by AndriyMoraru
$ARB Price Prediction 2025 and Chart Say ATH $2.4241 see more...BINANCE:ARBUSDT Price Prediction 2025 and Chart Say ATH $2.4241 of 2024 see more... Arbitrum (ARB) is currently trading at approximately 0.797796 USD, reflecting a 3.86% increase from the previous close. The technical indicators, including bullish MACD signals and increasing momentum, support the likelihood of breakouts. However, whether these tokens can sustain their momentum and break through their respective resistance levels will depend on continued buying interest and favorable market conditions. With altcoins showing renewed strength, the next few days will be critical for FET and ARB. If they succeed in breaking out, they could lead the charge for a broader altcoin rally. 🔥 Market Analytics Info ( AMEX:ARB ) Fully Diluted Market Cap: $7.97 M Volume 24 hour: $320.74 M Total Supply: 1.00 B C98 Circulating Supply: 10.00 B ARB Market Cap: $3.46 B All Time High: $2.397 All Time Low: $0.4316 Already have 90 Day Returns 42.28% Now 7 Day Returns 6.00% 🔥Chart Analysis ( AMEX:ARB ) 💫2024 ATH : $2.4241 🎆ENTRY POINT : $0.7988 🎇STOPLOSS ZONE : $0.4640 1ST TARGET $1.2469 2ND TARGET $1.7059 3RD TARGET $2.0645 ATH 4TH TARGET $2.4241 Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your own research before making any investment decisions. Digital asset prices are subject to high market risk and price volatility. The value of your investment may go down or up, and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not available for any losses you may incur. Past performance is not a reliable predictor of future performance. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment.
Long
by SUBROOFFICIAL
Price Action Trading: Key ConceptsPrice Action Trading: Key Concepts Price action is a popular trading method where traders analyse raw price movements on a chart, without relying on technical indicators. Traders identify patterns, trends, and key levels that help them understand market behaviour. This article explores what price action is, the key concepts, and how to get started with a price action strategy. What Is Price Action Trading? Price action is the movement of an asset’s price over time, and it’s one of the purest forms of market analysis. When using price action, indicators like moving averages or oscillators take a back seat, with traders focusing solely on the movement of the market itself. In studying how prices behave in real-time or historically, traders can spot trends, patterns, and potential turning points in the market. At its core, price action is about reading the market’s “story” through its movements. Traders look at how an asset has moved in the past—whether it’s rising, falling, or ranging—to understand what it might do next. This analysis often revolves around key levels, such as support (where prices tend to stop falling) and resistance (where they tend to stop rising). Because price action relies purely on market data, it offers a clear view of sentiment without the “noise” of external indicators. This makes it a go-to method for traders who prefer a straightforward approach. Price action also can be used in any market—whether it’s forex, stocks, or commodities—and across various timeframes too, from short-term day trading to long-term investing. Understanding this style isn’t automatic—it requires practice, observation, and an eye for patterns. However, once traders get the hang of it, price action can provide valuable insight into the market’s behaviour and help them analyse future trends. Key Price Action Concepts Now, let’s take a look at some core price action concepts. Support and Resistance Support and resistance levels are foundational in price action analysis. These are key levels that the market has historically struggled to move past. Support represents a level where the market tends to stop falling, acting like a “floor,” as buying pressure increases. Resistance is the opposite, serving as a “ceiling” where upward movements tend to halt, as selling pressure grows. Traders use support and resistance to identify potential levels where the market might reverse or pause. If a price breaks through one of these levels, it can signal a continuation of the trend, while a bounce off the level might indicate a reversal. Trends At its simplest, a trend shows the direction in which a given market is headed. In an uptrend, prices are making higher highs and higher lows, showing consistent bullish momentum. In a downtrend, the opposite is true: prices make lower lows and lower highs, indicating bearish sentiment. Swing highs and lows are critical when spotting trends. A swing high is a peak formed when the market moves up and then reverses down. A swing low is the opposite. Tracking these highs and lows allows traders to identify the current trend. Trendlines and Price Channels A trendline is a straight line that connects multiple swing highs or swing lows in a trending market. It visually represents the direction of the trend and helps traders spot potential areas where the market may find support or resistance. When two parallel trendlines are drawn—one connecting swing highs and the other swing lows—it forms a price channel. Channels help traders see the range in which the price is moving, and it’s common for prices to bounce between the upper and lower boundaries of the channel. Breakouts from them can signal a shift in trend direction. Candlestick Patterns Candlestick patterns are formed by the movement of price over a specific period and are widely used in price action trading. Some common candlestick price action trading patterns include: - Pin Bar/Hammer/Shooting Star: A candle with a long wick and small body, indicating a rejection of higher or lower prices. It can suggest a potential trend reversal. - Engulfing Pattern: A two-candle pattern where the second candle fully engulfs the previous one, signalling a shift in momentum. A bullish engulfing pattern suggests buyers are taking control, while a bearish engulfing pattern shows sellers are gaining strength. - Doji: A candle with little to no body, where the open and close prices are nearly identical. It suggests indecision in the market and can signal a potential reversal, depending on where it appears in a trend. Chart Patterns Price action chart patterns are shapes that form on a chart, which traders use to determine future price movements. They can indicate the continuation or reversal of a trend. Some common chart patterns include: - Head and Shoulders: A reversal pattern that signals a shift from an uptrend to a downtrend (or vice versa). It consists of three peaks, with the middle one being the highest (the "head") and the outer two being lower (the "shoulders"). - Double Top/Double Bottom: These reversal patterns form when the price tests a level twice and fails to break through, indicating a potential reversal. - Triangles: Symmetrical, ascending, or descending triangles indicate consolidation periods before a breakout. Breakouts A breakout occurs when an asset moves outside a defined support, resistance, or trendline level. Breakouts can signal that the market is gaining momentum in a particular direction. When prices break beyond a support or resistance level, it can suggest that traders are pushing prices in a given direction and that momentum is likely to continue. Traders often watch for breakouts from chart patterns like triangles or channels. Reversals A reversal happens when a market trend changes direction. In an uptrend, a reversal would occur when prices stop making higher highs and higher lows and start forming lower lows instead. Reversals are often marked by candlestick patterns or chart patterns like head and shoulders or double top/bottom. Retracements A retracement is a temporary reversal in the direction of a trend, where the asset moves against the prevailing trend but eventually continues in the same direction. Traders often use tools like Fibonacci retracement levels to identify potential areas where the market might retrace before resuming its original trend. Volume Volume measures how much of an asset is being traded over a certain period. In price action trading, volume is used to confirm the strength of market movements. For example, if the price breaks through a significant resistance level with high volume, it can indicate that the breakout is more likely to be sustained. On the other hand, breakouts on low volume might suggest the move lacks conviction and could reverse. Volatility Volatility refers to the degree of price movement in the market over time. Price action traders pay attention to volatility because it can influence how they interpret patterns and levels. In periods of high volatility, an asset may break through key levels quickly, while in low volatility periods, it might stay within a narrow range. How Traders Read Price Action Let’s now look at an overview of how the process typically unfolds: 1. Beginning with a Clean Chart Price action trading doesn’t rely on indicators, so the first step is to clear the chart of anything unnecessary. Traders focus on raw market data, meaning you’ll only initially need candlesticks or bars in a price action chart. 2. Identifying Market Structure Once the chart is clean, traders assess the market structure. This means figuring out whether the market is trending or ranging. In a trend, prices make consistent highs and lows, moving upwards or downwards. If the market is ranging, the price moves horizontally within a set range between support and resistance levels. 3. Looking for Patterns and Key Levels Next, traders focus on spotting recurring patterns and identifying key levels where the price has previously reacted. Patterns such as candlestick formations and chart setups (e.g., triangles or head and shoulders) give insight into what the market might do next. These patterns help traders anticipate reversals or breakouts based on past behaviour. Key levels like support and resistance guide where the price might stall or reverse. 4. Analysing Price Movements in Real-Time As the price moves, traders observe how it reacts to these key levels or patterns. Does it slow down near resistance, or does it break through with momentum? Does it pull back to support before continuing upward? These real-time reactions tell traders whether the market is maintaining its trend or if a reversal could be on the horizon. 5. Confirming with Volume and Volatility Traders often look at volume and volatility to further validate what’s happening on the chart. Higher volume can suggest stronger market moves, while volatility reveals how quickly the market is shifting. These extra layers of analysis provide confirmation of whether a breakout or reversal is likely to hold. Building a Price Action Trading Strategy Creating a price action trading strategy is about developing a personalised approach based on key patterns and setups that resonate with you. The steps mentioned above form the foundation of price action trading. However, traders usually build their own strategy over time, focusing on a handful of setups they find effective. Initially, traders choose a few concepts to work with and avoid getting overwhelmed by too much information. For example, you could look for pin bars that appear during retracements at support or resistance in line with a trend. Another approach might be identifying a breakout after a double top or bottom, especially if it’s backed by high volume. Alternatively, traders often use candlestick patterns to trade the upper and lower boundaries of a price channel. Setups like these can be backtested in trading platforms with FXOpen, using historical data to understand why and where certain setups work. It does take time to develop an eye for price action patterns, but it’s worth the effort to be able to identify opportunities well before lagging technical indicators do. Lastly, risk management is crucial when trading price action. Before you try out any setup, try to understand the best risk management practices for that pattern. For instance, traders might place a stop-loss just beyond a pin bar’s wick or slightly below the lows in a double bottom to limit potential losses if the market moves unexpectedly. The Bottom Line Price action offers traders a straightforward way to analyse market movements and make decisions based on real-time data, prioritising repeating patterns rather than indicators. To put price action trading into practice, consider opening an FXOpen account to access more than 700 live markets and our advanced low-cost, high-speed trading environment. FAQ What Is Price Action? The price action meaning refers to the movement of an asset's price over time. Traders analyse these movements, without relying on indicators, to identify trends, patterns, and potential turning points in the market. How to Read Price Action? Reading price action involves analysing market movements on a clean chart. Traders identify trends, key levels of support and resistance, and chart and candlestick patterns. What Is Price Action Trading? Price action trading is a strategy where traders make decisions based on the raw movements of an asset. Instead of using technical indicators, they focus on chart patterns, trends, and levels of support or resistance to analyse the market. What Is the M Pattern in Price Action? The M pattern, or double top, is a bearish reversal pattern that looks like the letter "M." It forms when the price tests a resistance level twice but fails to break through, signalling a potential move downwards. Do Price Patterns Work? Price patterns can work, but they are not foolproof. They are often used to identify potential market movements, but outcomes may vary depending on market conditions and other factors. Do Professional Traders Use Price Action? Yes, many professional traders use price action as a core part of their trading strategies. It provides a direct way to analyse market behaviour without relying on external indicators. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Education
by FXOpen
3
Gold Fall Again Hello Dear traders! keep Support And share Your openion in commen section thanks for support Date / 13/Jan/2025 Current Price Of Gold 2672 in my Technical analysis of the 4-hour Gold chart reveals a bearish trend Emerging from the resistance zone between 2,689.291 and 2,698.505. The price is showing signs of a potential reversal after hitting this resistance level, as indicated by the highlighted circle suggesting a double-top pattern formation. The current price action is further supported by the presence of two resistance levels at 2,726.008 and 2,716.732 above it. We should watch for a potential downward movement towards the first target point (Tp1) at 2,645, which aligns with previous support area further confirmed by past price interactions around these levels. If selling pressure persists beyond Tp1, an extended decline may lead to reaching a possible target point at 2,605 - an area providing significant buying interest historically around this level , In concluding thoughts: cautious we may consider shorting opportunities below support breakouts while monitoring market sentiment shifts that could affect gold volatility going forward into mid-January trading sessions based on current analyses presented visually through TradingView platform insights provided before liquidity pools adjust accordingly during futures settlements near month-end closeouts ahead leading up until then overarching macroeconomic factors governing commodity dynamics globally speaking too possibly influencing any sudden directional changes thereby affecting projected outcomes unfavorably if not counteracted against appropriately leveraging hedge strategies NOTE: This Analysis For Educational purpose only trade safe thanks
TVC:GOLDShort
by NicolusFrank
$ABNB $110 target; head and shoulders forming 1MAlmost a beautiful looking head and shoulders forming here on $ABNB. Honestly, as I sit here now, will the Los Angeles wildfires have any effect on NASDAQ:ABNB negatively or positively? Will hotels get a boost? Let’s think about how many Air BNB’s got burned away in the Hills? Interesting. I don’t have any beliefs in NASDAQ:ABNB $110 is the target and looking at April 17th. Also another revelation occurring.. Robinhood has April 17th as an expiration date but that’s a Thursday. What is going on? WSL
NASDAQ:ABNBShort
by wallstreetloser001
STORJ Breakout Loading Is a Bullish Surge on the Horizon?Pattern and Setup Symmetrical Triangle Formation. A bullish pattern indicating potential upward momentum. The price is currently consolidating within the triangle, nearing a potential breakout point. Key Levels and Targets Trendline Resistance at $0.70 this is a critical breakout level to watch. Breakout Confirmation above $0.70 could lead to a significant upward move. Strategy Wait for a clear breakout with strong volume above $0.70 for a bullish entry. Upside potential will depend on market conditions and momentum after the breakout. Risk Management Consider placing stop-loss levels below the lower trendline or recent support to manage downside risk. Target prices can be adjusted as the breakout unfolds, monitoring resistance zones. Insights Symmetrical triangles often indicatecontinuation, and this setup leans bullish. However, always confirm with volume for stronger conviction. Stay alert for false breakouts or a downside breach if momentum fades.
Long
by wsaetos
Friday "NFP" Sell Signal Alert!The market has been following the trendline for the past 2-3 days. A daily price close with a Doji candle suggests indecision, while our daily bias remains bullish. However, today is Friday, and we have the NFP news event. We anticipate the market to move up by 120-130 pips, following the trendline, toward my identified resistance zone. Wait for gold to reach this resistance area before taking any action. For a bearish scenario, the target range is around 310+ pips. The market may first create a large wick during the news event before experiencing a significant drop. i'll keep this idea updated.
OANDA:XAUUSDShort
by Profit-Scalper
16
Bearish Pennant on AUD/USD @ D1A bearish pennant similar to the one we currently see on the NZD/USD chart has also formed on the D1 chart of the AUD/USD pair. As is the case with bearish pennants, it can be used for a bearish breakout setup. The pennant and its pole are shown with the yellow lines. My potential stop-loss level is marked with the red line (0.62747), it is placed at the high of the pennant area. My potential take-profit level is marked with the green line (0.60961), it is placed at the pole's length below the stop-loss. I will wait for a significant close below the pennant's border to consider trading this breakout.
Short
by AndriyMoraru
Bearish Pennant on NZD/USD @ D1A bearish pennant is visible on this NZD/USD daily chart. If the pair closes significantly below the pennant's lower border, it might signal a continuation of the preceding downtrend. The pennant and its pole are shown with the yellow lines. My potential stop-loss level is marked with the red line (0.56726), it is placed at the high of the pennant area. My potential take-profit level is marked with the green line (0.54873), it is placed at the pole's length below the stop-loss. I will wait for the price to close well below the lower border of the pennant area to enter a short position.
Short
by AndriyMoraru
USD/CAD Breakout OpportunityTrading Idea: USD/CAD Breakout Opportunity USD/CAD has paused its four-day rally, trading near 1.4400 during the Asian session. The Canadian Dollar is supported by rising oil prices, with WTI nearing $73.50 per barrel, while US Dollar strength from the Fed’s hawkish stance limits the downside. Technical Outlook: The pair is consolidating within a rectangle pattern. The best trading approach is to wait for a confirmed breakout: Upside breakout: Indicates continued bullish momentum. Downside breakout: Signals a potential CAD-driven correction. Key Levels to Watch: Resistance: 1.4430–1.4450 Support: 1.4360–1.4380 Risk management is essential—always use stop-loss orders and manage your position size to protect your capital. Follow for more trading ideas and education!
by InwardTrader
Descending Triangle on Brent @ D1A descending triangle pattern has formed on the daily chart of the spot Brent oil. It follows a long-term downtrend in the oil price and can be used for a bearish breakout setup. The triangle's borders are marked with the yellow lines. The cyan line is where my potential entry level will be. It is located at 10% of the pattern's height below the lower border. The green line denotes my take-profit level. It is set to the 100% of the pattern height plotted below the lower border. I will set the stop-loss level to the triangle's highest point (81.710) - the red line. I will ignore bullish breakouts from this trend continuation pattern.
VELOCITY:BRENTShort
by AndriyMoraru