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Gold / XAUUSD, Daily Time FrameFOREXCOM:XAUUSD According to the chart above, the price of gold has hit two resistance ranges in the daily time frame. It is expected that it will fall from this range and reach the specified goals. If the analysis is correct, the price targets can be $1,690 and if the price continues, it can be $1,630 . Also, if the two current resistance ranges break upwards and stabilize in that range, this analysis becomes invalid, which can be considered as a stop loss for this analysis. ---------------- Be Defferent ... Hamid Rahathhagh
FOREXCOM:XAUUSDShort
by rahathagh
Daily review of BTC interval 1HHello everyone, let's take a look at the BTC to USDT chart over the 1 hour timeframe. As you can see, the price is moving below the local uptrend line. Let's start with the designation of the support line and as you can see the first support in the near future is $ 24,450, if the support breaks down, the next support is $ 24,362, $ 24,292 and $ 24,226. Now let's move from the resistance line as you can see the first resistance is $ 24,582, if you can break it the next resistance will be $ 24,782, $ 24,934 and $ 25,078. Looking at the CHOP indicator we can see that in the 1 hour interval some energy has been used up, but we have a little bit to continue the movement. On the other hand, the MACD indicator shows that the blue line is approaching the red crossing from below, which could confirm the local upward trend.
by cryptodailyuk
Daily review of BTC interval 1HHello everyone, let's take a look at the BTC to USDT chart over the 1 hour timeframe. As you can see, the price is moving above the local downtrend line. Let's start with the designation of the support line and as you can see the first support in the near future is $ 23,743, if the support breaks down, the next support is $ 23,528, $ 23,365 and $ 23,198. Now let's move from the resistance line as you can see the first resistance is $ 24,127, if you can break it the next resistance will be $ 24,295, $ 24,470 and $ 24,722. Looking at the CHOP indicator, we can see that in the 1-hour interval we still have a lot of energy and the MACD indicator shows a local upward trend.
by cryptodailyuk
BTC idea for today 05.08.2022BTC as planned yesterday went a bit down and then bounce. 150 dolars higher than expected but as i was saying before that from this area we can see 28k in couple of days, probably will happen. For now: we have hidden bearish divergence on 1h chart means we can touch base line for more up movement, maybe there is good spot to reenter long. 23700 looks like hard resistance will high volume soo then price will go in consolidation or in low correction.
Long
by pangreen12
1
Bitcoin it's in the key point to short now!!!Analyzing by Daily timeframe, we're in the good point and Bitcoin continue down. What we could to expect it's that Bitcoin continue down and then break-out this chartist pattern to the downtrend direction. I found out that measure the forecast we can to predict that the next goal it's to reach down to $14,600 USD next target to short. Also, I change my past analysis in Bitcoin in H4 timeframe that we're ok shorting from $24,030 USD. But we see in this point a huge opportunity to get benefit in this bear market. If you want to follow this strategy and trade by swing trading, you can to entry now in the market price, because in 3 Daily timeframe, I see the confirmation very clearly that Bitcoin goes to another bearish movement soon. You can to put your Stop Loss to around $26,060 USD. It's a risk of 14% in this trade, but you can to calculate your money management to know the risk and see the benefit. Now, if choose this target $14,600 USD, This could be a benefit of almost 35% shorting Bitcoin. But as I'm shorting from the $24,030 USD, I only extend my Stop Loss to $26,060 USD, And I change my mindset to now take the opportunity to short Bitcoin. This it's the Daily chart and we see this bearish perspective in my plan to make swing trading. I would like to make day trading when we're in the Gold point to short, and when analyzing the macrotrend like Daily timeframe or more, to take best perspective to short and change my strategy to swing. I hope that this strategy support you and take best decision to short in this bear market in crypto. I linked my related idea for more information of my past trade in Bitcoin that I explain that I was shorting from $24,030 USD and also my weekly analysis perspective.
COINBASE:BTCUSDShort
by harisonhbn9718
3
Best Prices for Short Term Long Position for Gold SpotI personally think the prices given in the chart can be potential points for a retracement. Here are the reasons: The downtrend wave is going for its third motive wave which can continue to the 3 prices given in the chart. Fibonacci channel and retracement showed that the 3 prices are the primary potential points for a long position. As you see, the demand zones match Fibonacci numbers. NOTE: It is recommended to exit your trade as soon as the price gives it pullback. Additionally, it is better to check momentum in H1 and M15 timeframes to see if the price is saturated or not. Although technical analysis gives us perfect positions for getting a profitable long on XAUUSD, fundamentals are a bit unstable (interest rate of USA: 2.5%) and the price may go down more than we have predicted. So, it is crucial to have a reasonable risk-reward ratio (1:3 is recommended) equivalent to your trade volume, leverage, and account. Now tell me, which price is the best from your perspective? OANDA:XAUUSD
FX:XAUUSDLong
by AregBabayn777
EURCAD Analysis I What to Expect this Week!Welcome back! Let me know your thoughts in the comments! **EURCAD - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
Short
by BKTradingAcademy
1
Gold Technical Analysis DailyXAUUSD Technical Analysis 22.07.2022 1h chart Previous Daily candle closed Strong Bullish above the most recent Daily Resistance forming Support at 1697.800 breaking the previous Daily High and Low. Buys on close above 1720.300 targeting 30min Resistance at 1727.700 leaving Runners to 1h Resistance at 1732.300 and price could potentially tap the Daily Resistance formed on (14.07.2022) at 1735.500 if there was enough volume in the Market. Sells on close below 1711.000 targeting 1h Support at 1705.700 leaving Runners to 30min Resistance at 1698.500. We have Flash Manufacturing PMI and Flash Services PMI data to be released 15min after New York Stock Exchange Open.
OANDA:XAUUSD
by mrromeojee
EUR/USD – Stuck In A Descending ChannelHi Traders, As we are noticing a bounce in the forex market and as we are thinking the bulls might be coming back to start doing some damage control, we have to remember to zoom out to see what the real trend is. When in doubt, zoom out. On (EUR/USD), In the daily time frame, the price has been stuck in this descending channel since the end of January. Price has been making lower lows and lower highs since the beginning of 2022. Now, if you were a swing trader and managed to catch that double top at the end of January as a short entry and rode this pair down all this way, you would have made yourself 12% over a period of 100 days. That would be incredibly good and there are a lot of traders that have capitalized on these opportunities to go short that the Euro has given us this year. For those of us that have not had any short positions and have only missed every possible entry, well, never fear as the markets always have endless amounts of opportunity. If we jump into the 4-hour time frame, we can see that the bulls are showing their horns at the moment. However, back on the daily, it still looks like we are in bear territory. Now, I like to see a clear bounce off of the support and off of the resistance channel bottom and top to signify and validate a clear channel. Look how many taps we have had on the bottom and the top of the channel. Let's count them out. Four taps on the bottom. Six taps on the top. We can safely say that we are stuck in a channel. I also like to see the price respect the middle zones of the channel. Notice how the price has done so. Every time it touches the middle of the channel, it respects that area and treats it as Support and Resistance on the way down. So, it's all very well and good that we have identified a bearish trend and price stuck in this Daily descending channel. What good is it to us? Well, we have to look for opportunities right? Either to sell or to go long. Right now, there's no point in selling the channel bottom is there? Haha, on the 4-Hour we might see a pattern that we can use to go long. However, on the Daily, we are waiting for the price to close today above the line of resistance I have drawn. Perhaps upon a retracement to that line, we can carry this pair north to the channel top. Please remember that we need to see a reason to buy and by buying, please remember we will be going counter-trend. So our reason has to be solid. We can use the channel top as a target as we can see previously that when the price touched the bottom of the channel at the beginning of previous months, by the end of the month, the price had reached the top of the channel. This is by no means an accurate strategy that one should employ, I'm just pointing interesting things out. Please trade them at your own risk. However, I would just suggest rigorous amounts of back-testing first. One more interesting thing to notice – Volume. Look how it has been sloping downwards along with the channel. The lower price got, the less buying and selling there was and the less amount of power it took to push the price down. Should we be looking for a pop sometime soon? Things that make you go hmmm. On that note, I bid you all a great Tuesday and I will be seeing you all in the next one. The Vortex Trader
Long
by TheVortexTrader
AUDCAD SCALP Analysis and PROFITABLE RECAP!Welcome back! Here's an analysis of this pair! **AUDCAD - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
Short
by BKTradingAcademy
4
#TheStrat BTC Full Timeframe Continuity to the DownsideWe are currently inside of a green weekly candle on bitcoin after a nice run for crypto. However, we are still inside of a big red monthly candle, putting Bitcoin at risk for going Full-Timeframe Continuity to the downside. This means each timeframe’s latest candle is a red candle which indicates selling on all timeframes. Here are the short targets into full-timeframe continuity to the downside for Bitcoin. My ideas from my last posts still stand, putting a potential bottom for Bitcoin at 13,000 to 16,000, which is the bottom of the broadening formation on the longer term timeframes. All of my posts thus far follow a trading strategy called “The Strat”, which is based on price action scenarios, multiple timeframes, and broadening formations. Educational purposes only, thanks for reading :)
COINBASE:BTCUSDShort
by fuuuqeht