XAUUSD 1DHello traders
what are your thoughts on Gold ?
After a sharp drop yesterday and breaking below its ascending channel support gold has now stablized slightly
It is expected that after a correction and pullback to the broken support level gold may resume its downtrend towards specfied lower level
Dont forget like and share your thouhts in comments
D1
ALICE long.ALICE strugling with upper band of the chanel, 50 ema and some daily resistane zones like few other altcoins.
i got in position early enough to lock 25% at the first TP and move my stoploss under new low.
dark blue fields are a monthly zones
its 25% gain at TP2 from here and 70% at TP3.
over 100% at the last one.
we can only predict 2 scenarios: UP or DOWN, so serch for the right resistance/support levels to see how far price may go and lock ur profits before is too late.
if enetring now, place ur stoploss at 2.30 with lev 1-2x and good luck.
EOS/BTC at ATLEOS is currently at the bottom in its BTC pair, although it is up in the last week 35% in its usdt pair, EOS has a very good roadmap with lots of updates throughout this year making it a good choice for positional traders. EOS on D1 chart also in falling wedge treading below the resistance line. Consider buying EOS in a dip between $2-2.3. Or if D1 candle closes above falling wedge.
BTC healthyBTC give RSI and falling wedge breakout and makes bullish jump, it seems to hit a resistance line at the neckline for a H&S pattern on the D1 chart. Last time BTC breakout RSI it went up, corrected and went up again as indicated by the red and blue boxes from August last year. I expect BTC to bounce off the support line, maybe consolidate a bit while liquidity enters market before we see it jump to the resistance for another retest. RSI is bearing on D1 chart hence why I think there will be consolidation/correction. $42k is a good price to pick BTC or any alts. Coins like EOS which are at ATL in BTC pair will be good to pick when BTC is at $42k.
Trade between the lines, trade safely.
EURUSD Long Setup Daily ChartAfter the strong impulse started in may eurusd has been in consolidation for a while, now its slowly going back to 1.15 /1.14 which is a strong support zone, and its doing that with a falling wedge.
there is two ways to enter this, you can look for bullish signs inside the support zone to spot an early entry for more reward but also more risk, or you can wait for price to bounce from support , break the falling wedge , and enter on the first continuation you spot.
the first target is 1.19, if we break that the nexts is the top of the trendline which is also a supply zone, around 1.2/1.21
let me know what you think of this
thanks
GREAT SELLWhere a D1 indecision level and the resistance of a H4 falling wedge intercept, price respected. NZDUSD is currently beginning to push off the resistance, however, expect some consolidation around the zone pictured above for the possible formation of a fibonacci retracement. A bullish DXY is another NZDUSD sell confirmation due to the fact that USD is the quote currency.
Please like and follow for future analysis'.
TSLA - Tread carefully there's a Soufflé cookingTesla and it's deranged, degenerate SkyNet Cult of Software(s)
embrace full Autonomy and Robotics.
Elon's latest Pimp Fest - iRobot.
Fanbois lose their minds while science asks a number of very
rationale questions as to what, in fact, is going on here.
Who designs a robot in human form for "Specific Tasks" ?
Will Smith would be proud.
A "Car Company" that makes... Robots.
Tesla's very real world advantage is Software / AI and not hardware.
Neural Networks, D1 Chips - Tesla is exponentially ahead of tis competitors.
Self Driving to their credit is far and away the most advanced in the
world. The larger integration is Robotics.... Elon said so.
Robots on wheels...
Tesla.Bot the future.
"It will be able to due tasks that are repetitive, dangerous or boring."
Lol, what's left for Humans to do...
Not much, enjoy your leisure time while suckling at the teet of UBI.
Ergonomics be damned.
Pop Culture, adores humanoid robots, Boston Dynamics, not so much so.
Dishwashers, Vacuums, Car Washes... autonomous systems... not so much so.
Adaptation, Rapid integration = Tesla.
Tesla - less need for you.
gbpusd long trade plan ideas d1 210514as you can see the chart
the last Friday have a medium bullish engulfing bar rejected the prior higher high
with some big bull bar, I think the movement is so strong. we can open long entry follow this bull bar
if you want get more trade ideas from t rade plan profit, please like and follow my channel
many thanks
AUD/USD D1As you can see from the chart above, the price was in the retracement phase, but on the last week it could break the MS to the upside, take off previous highs and break through the consolidation zone. This week we expect a little pullback to the breaking point of the trendline and retest the support zone, which was a resistance in the past.
Stay tuned. We will update you on Tuesday and give a valid trading setup.
USDJPY - LONG. 1:15 RR available.Good afternoon ladies & gents,
After multiple days of drop. Price has finally reached our objective, the Daily Bullish Orderblock.
We are now anticipating a reversal, a clear structure is seen on the lower timeframes that supports a reversal today.
DXY is looking bullish and ready to push up from this area.
As the weekly & daily institutional orderflow is still bullish, this reversal based trade has a very high probability of success whilst simultaneously yielding a massive risk to reward.
Risk Management is still advised however, there are no certainties in the market, merely probabilities.
I'm looking for price to clear the targets situated above:
TP 1: 108.750 (RR is 1:6) - Equal Highs.
TP 2: 110.270 (RR 1:10) - H1 Void Refill
TP 3: 110.950 (RR: 1:15) - H4 Highs.
Look to scale out your profits along the way and once the first objective has been met, it is highly advised that you move your stop loss to breakeven to reduce your exposure.
Best of luck!
Your Forex trading has to revolve around the daily chartFirst of all you are going to quit your 5 minutes charts. What is this? Day trading?
If you are a day gambler I have a few words for you. It is the most obviously stupidest scheme I have ever seen.
Not only retail day trades this is true, there are some institutions that day trade Forex too. The pros. The big boys.
Not a single one of the "pros" makes money day trading (playing directional). Academics literally took the entire trading data from banks and found 0 profitability.
That's for the results. Now what is the purpose of it? Hedging market risk in the next hour? Who hedges intraday? Banks? China? The Saudi wealth fund? Amazon? What do day gamblers think the purpose is? The market was created as a casino for the forex lifestyle?
According to the BIS triennial survey approximately 30% of the FX volume is in spot, 50% in swaps, 15% in outright forwards.
The smallest swap maturity is for the next day (overnight), the smallest forward maturity is 2 business days.
In the Forex market, THE CONCEPT OF "INTRADAY" ITSELF DOES NOT EVEN EXIST.
The only type of forex intraday contracts were binary options, some obvious scam created by brokers targeted at retail "investors" to fleece idiots of their money, the scam was so blatantly obvious the regulators all agreed to totally ban it.
www.bis.org
If you have been day gambling for over a year you have lost money to your broker and odds are you lost money to one or two laughable "forex day trading education" courses, possibly from a "legit from the industry" and "actual institutional trader" that never made money once in his life and whose job was to execute clients orders.
So if you want to argue come with a live account track record, show me your years of consistent profit and then defend this scam.
Daily chart. If you want to check the monthly or weekly you don't need to look at those every day, and nothing is happening there, unless you are looking at some emerging country or something.
And none of that 600 minutes, 12 hours, and other nonsense. No one cares what happened inside of that daily candle; it might as well not exist at all.
We live on planet earth, we have a daily cycle, we all sleep every 24 hours, for the most part. So daily chart.
And businesses, countries, banks do not take "daily" decisions, it's month to month, quarter to quarter.
Only the daily chart makes sense. Or are you going to explain to me that there is a fractal FED interest rate decision, a secret mini rate hike that you only hear from if you look at the 5 minutes chart?
Silver (XAGUSD) breaks the resistance and falls again.Silver (XAGUSD) breaks above the resistance trend line and falls again.
Silver (XAGUSD) After breaking the resistance trend line upward on Monday (Feb.1th), silver fell again. The current price is above the 26 integer and has not broken the long-term support trend line below. Therefore, the Long-term perspective is still in a uptrend.
If the following long-term support trend line is used as a benchmark, a trend line (as shown in the figure: the resistance line of the translation channel) can be formed to form an ascending channel. Therefore, it is estimated that the future price will continue to rise in this channel, provided that it cannot Break below the long-term support trend line.
The possible future price trend is shown in the figure, along the long-term support trend line below, gradually upward. But if the FED has obvious hawkish remarks, it does not rule out the possibility of a major decline in precious metals (as shown in the gray path).
Update: Feb.3th. 2021
Reliability: 10-20 Market Days.