black gold under bearish pressure + OPEC, weak global demandthe oil markets find themselves in a bearish chokehold with a number of factors weighing down on it such as the OPEC ( Organization Of Petroleum Exporting Countries) are expected to meet later this month on the 26 November 2023, there is a strong sentiment that they are expected to continue to cut production and distribution due to weak global demand.
technically i find that supply of proximal price @ 78.20 is in control of price and price is struggling to gain bullish momentum to keep trading above price of interest (support and resistance) @ 77.20
i have overall targets to liquidity areas @ 75.00
put together by Pako Phutietsile ( @currencynerd )
Demand Zone
CAD/CHF ↗️ Long Trade Setup ↗️Hello Everyone 🙋🏽♂️
Oversold + Demand zone
🟠 EP 0.64492
🔴 SL 0.64130
🟢 TP1 0.64861 ⚠️( Close 33% of the trade and Set the SL on EP )⚠️
🟢 TP2 0.65228 ⚠️ ( Close 33% of the trade )⚠️
🟢 TP3 0.65607 🔥 ( Final result)🔥
We are not responsible of any losses for anyone, our trades are profitable more for long terms and we take losses as everyone,
manage your lot size as well and your SL and TP and my opinion is 0.01 lot for each 500 $.
Don't forget to hit the like bottom and write a comment to support us.
Follow us for more 🙋🏻♂️
Best Regard / EMA Trading .
Disclaimer:
----------------
It's not a financial advise, As everyone we take losses sometime but for long term trading we are profitable traders, so manage your account well with SL and TP and your lot size to keep your account safe and stay in the market
BTCUSDT. Waiting for the local high to be updated. Highlights
Waiting for the price to interact with the upper boundary of the sideways range at 37980.
Preference (buying/selling) - neutral.
Description
On the hourly timeframe, a sideways movement has been observed since November 9th. The upper boundary of the sideways range is at 37980. Judging by the wicks of yesterday's hourly candles (see chart), buyers are pushing the prices beyond the sideways range. Buying at the top of the range is not systematic. But if you really want to trade, you can aggressively look for buys when buyers defend the wicks of yesterday's hourly candles. (if the price returns there before breaking out of the sideways range).
31812, 36677 - boundaries on the five-minute timeframe
37302 - boundary on the one-minute timeframe.
Balancing Bullish Trends and Counter-Trend PossibilitiesGBPAUD seems to be in a Bullish Trend, and you're focusing on potential buying opportunities. Here are three strategies you're considering:
Type2 Bullish Fib-3 Bat (1-hourly chart) : This setup aligns within the support level of the 4-hourly chart at 1.9053, providing an initial buying opportunity.
Bullish Deep Gartley Pattern (4-hourly chart) : Should the market decline further, your plan includes waiting for the completion of the Bullish Deep Gartley Pattern at 1.8948 on the 4-hourly chart, presenting another potential buying opportunity.
GBPAUD appears to offer multiple setups for potential long positions based on your analysis.
What are your thoughts on GBPAUD, and what trade plans or strategies are you considering for this pair?
Feel free to share your insights or plans below!
USD/JPY ↗️ Long Trade Setup ↗️Hello Everyone 🙋🏽♂️
Oversold + Demand zone
🟠 EP 149.635
🔴 SL 149.065
🟢 TP1 150.225 ⚠️( Close 33% of the trade and Set the SL on EP )⚠️
🟢 TP2 150.805 ⚠️ ( Close 33% of the trade )⚠️
🟢 TP3 151.415 🔥 ( Final result)🔥
We are not responsible of any losses for anyone, our trades are profitable more for long terms and we take losses as everyone,
manage your lot size as well and your SL and TP and my opinion is 0.01 lot for each 500 $.
Don't forget to hit the like bottom and write a comment to support us.
Follow us for more 🙋🏻♂️
Best Regard / EMA Trading .
Disclaimer:
----------------
It's not a financial advise, As everyone we take losses sometime but for long term trading we are profitable traders, so manage your account well with SL and TP and your lot size to keep your account safe and stay in the market
AUD/CHF ↗️ Long Trade Setup ↗️Hello Everyone 🙋🏽♂️
Oversold + order block + Demand zone
🟠 EP 0.57523
🔴 SL 0.57369
🟢 TP1 0.57675 ⚠️( Close 33% of the trade and Set the SL on EP )⚠️
🟢 TP2 0.57830 ⚠️ ( Close 33% of the trade )⚠️
🟢 TP3 0.57986 🔥 ( Final result)🔥
We are not responsible of any losses for anyone, our trades are profitable more for long terms and we take losses as everyone,
manage your lot size as well and your SL and TP and my opinion is 0.01 lot for each 500 $.
Don't forget to hit the like bottom and write a comment to support us.
Follow us for more 🙋🏻♂️
Best Regard / EMA Trading .
Disclaimer:
----------------
It's not a financial advise, As everyone we take losses sometime but for long term trading we are profitable traders, so manage your account well with SL and TP and your lot size to keep your account safe and stay in the market
USD/CHF Buy Trade Setup Hello Traders 🙋🏽♂️
The price hit the demand zone, with oversold on RSI with it a buy signal.
🟠 EP 0.88977
🔴 SL 0.88784
🟢 TP1 0.89165
🟢 TP2 0.89375
🟢 TP3 0.89560
⚜️ Please support us with like & comment & Follow
Disclaimer
---------------
Trading is risky we all take loses
your responsibility is to not take more than 1% to 2% loss per trade and double your profits.
BTCUSDT. Waiting for actions from buyers and sellers.Highlights
The previous scenario played out.
Awaiting actions from buyers and sellers.
Preference (buying/selling) - neutral.
Description
On the daily chart, buyers resumed from the discount zone (bottom 50%) of the last daily impulse and absorbed the seller's candle on increased volume, forming a buyer's zone (blue color, upper edge of the daily buyer zone 37337.57). This scenario was described here
On the hourly chart, the price is at the upper boundary of the range, but considering the daily context, selling immediately is risky. It is necessary to assess the actions of the seller and the buyer. If the seller breaks the level of 37337.57 and defends it, you can look for sales with the first target at 36744 (upper edge of the daily buyer zone), the second target is 36000. Conservatively look for buys if the buyer breaks the upper boundary of the range (37972.24) and defends this breakout.
BTCUSDT. Long positions are a priorityHighlights
Long entry could be considered either from buyer protection at the lower limit of the range 35600, or from the current levels, if the seller does not appear and the buyer protects his zone (upper limit - 36470) with a target of 37526.
Description
On the Daily TF, there's a long trend. On the hourly chart, there's a sideways market. The lower boundary of the sideways range is below 50% of the last daily impulse. It's interesting to see the price there and look for purchases if the buyer defends the lower boundary of the range (35600), aiming for the upper boundary of the range (37526). Long positions can also be considered from current levels if the seller doesn't protect the candle at 21:00 (exchange time) and the buyer engulfs it.
HYPER INTERGRATION ANALYSIC AUDUSDTechnical analysis integrated with the forex pair:
- Resistance and support levels are marked by the yellow-shaded areas on the chart.
- Market structure: Marked by higher highs and lower lows. The zigzag line, dashed, indicates a robust upward structure.
- The market structure is in an upward trend, and the Demand Zone is marked in green. It is a favorable price zone for the BUY side. Support levels can be placed below the nearest swing low.
- Price action & reversal: The price is approaching the trendline. The price has broken above the trendline and is currently testing at the marked position. We observe a reaction at this trendline.
- Indicators: A general observation indicates a decreasing price divergence and an increasing hidden divergence marked on the chart.
- Fibonacci & other analysis techniques,
GBPUSD Long towards 1.22800 (possibly higher)For today's GU breakdown I will be looking for buys from current price as it has tapped in a nice 6hr demand zone that has caused a BOS to the upside. As we have seen from last week's GU analysis we did anticipate scenario (A) to play out and it did so perfectly. Now, we are looking for buys back up as it has filled in the major imbalances left from before.
On Monday I will be looking for a clean entry where I can continue this trend that GU has set to the upside, possibly causing another rally to the upside and a new BOS. In addition to this, the zone also lies between the 0.78 fib range which is a good confluence that price will respect this AOI. As this is an uptrend I can also expect price to push past the 11hr supply (where the take profit target is) and mitigate the extreme supply above it.
Confluences for GBPUSD Longs are as follows:
- 6hr demand zone lies between the 0.78 range on the fib tool.
- Demand zone has also broken structure to the upside following short term bullish trend.
- Price has completed a wyckoff accumulation schematic and CHOCH'd to the upside.
- Lots of liquidity lying above i.e. asian highs and imbalances that need to be filled.
- Dollar index also looking bearish as well good confluence for GU to then push upwards.
- A lot of rejection candles inside zone as well as a consolidation (good sign that price is going to respect that POI.)
P.S. I am still temporarily bullish, but my overall bias is bearish (looking at the monthly/weekly time frames.) Price has also slowed down and sells are getting exhausted hence the consolidation In our POI. I would be looking to see how this plays out on Monday before CPI, then re assess my next potential trading setups for the rest of the week.
XAUUSD Longs from 1920 up towards 1960 (possibly higher)Gold is now looking very promising for another impulsive move to the upside which I'm expecting to happen around the price of 1920-1930. As price is approaching I'm waiting for a wyckoff accumulation to play out and a clean CHOCH so we can enter our buys back up.
As there is some asian lows around that region between the 5hr and the 4 demand, I would wait for that to get taken in the form of a spring to generate a better quality setup without there being potential reversal magnets against our trades. We will be targeting the 1960 POI as there is a good supply there that could potentially get respected however, as there is lots of liquidity lying above I would be expecting all of it taken as I am overall BULLISH on gold.
Confluences for XAUUSD Longs are as follows:
- Price approaching a strong level of demand (5hr & 4hr) that has caused BOS to the upside.
- The trend of the market is overall bullish and expect gold to take ATH's eventually.
- Price has swept lots of trend-line liquidity on the way down and has filled in imbalances that was left from the previous impulsive move to the upside.
- Lots of liquidity lying above in the form of trend line liquidity and lots of untouched Asia highs.
- Bearish momentum is now getting exhausted as we see price slow down ready for a potential reversal in the market back up.
P.S. Im looking forward for this move to play out post CPI as I don't personally trade news events due to its extreme volatility. However, as this will be a trade with the overall trend we can definitely be expecting another major rally that will break structure the upside.
Historic supportNo price action yet but price is landing on a historic trendline from 2009 and also strong pivot point. Seems like the 80 level is key and bulls will defend it. Open a small position and add when you see price action in the daily. I don't think is going to break down that easy. Will be fight.
Looks like a retestEarnings punished this stock and pulled it back down to the support area at 140. Is a good company so I bought the stock at current levels. On the other hand I think is going to try again to break up the 180 level. I don't mind holding this one for several weeks.
Bitcoin's Tight Squeeze: Are We Preparing for a Big Move Up? 🚀Bitcoin (BTC) is experiencing a period of intense consolidation, characterized by narrowing price ranges and increased trading activity. This compression often precedes a significant price movement, and based on the current dynamics, many traders are gearing up for a potential bullish breakout.
Squeeze & Liquidity Sweeps: The Tug of War
In recent market sessions, Bitcoin has been exhibiting a strong squeeze pattern, causing price volatility to contract. Despite this tightening range, there's a noteworthy trend – liquidity sweeps are primarily occurring on the upside. Liquidity sweeps involve large market orders that briefly dip into specific price levels to trigger stop orders or accumulate positions.
What's Ahead: A Retest of the Daily Imbalance
As we navigate this period of compression, many market participants are keeping a close eye on the daily imbalance level around $31,000 - $32,000. The significance of this range lies in the liquidity dynamics. Traders are eyeing a potential retest of this zone, which, if successful, could trigger a renewed bullish momentum.
Trading Strategy: Navigating the Uncertainty
For traders, the current situation is both a challenge and an opportunity. This tight consolidation phase is an ideal time to refine trading strategies and adopt risk management techniques. The impending price movement might provide exciting trading opportunities, but it's essential to be prepared for both bullish and bearish scenarios.
Conclusion: The Calm Before the Storm?
While Bitcoin may appear to be in a tight squeeze, the market is far from idle. Liquidity sweeps and the potential retest of the daily imbalance zone add complexity to the picture. With these dynamics in mind, traders are ready to seize opportunities as they arise, whether it's a breakout to the upside or a different turn of events.
🚀 Crypto Insights | 💡 Trading Strategies | 💰 Market Analysis
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Share your thoughts and analysis of Bitcoin's current situation. 💚🚀💚
BTCUSDT. Short and medium term analysisHi traders!
You can consider buying if the buyer protects
the hourly level of 35086.57,
the daily levels of 33390.95 and 31804.2 (associated with exiting the sideways market)
and the medium-term support level for the long-term trend at 24800.
As for selling, there is currently no context.
Take note of the 10D timeframe. After breaking out of the sideways market that lasted from January 2021 to May 2022 and initiating a short-term trend (with two waves), the price returned to the sideways range (with the lower boundary at 26700). If the buyer defends the last closed candle, then technically, the path is open to 40000, 48000, and 59000.
USDCAD LONG POSSIBILITIES Hi guys, In this analysis I will be covering USDCAD. LEVEL 1.3891 has been acting as a resistance and price has already tapped into it multiple times. Should price begin selling off from this level, The first demand level would be 1.3832 and the one after that would be 1.3804.
One other scenario is that price breaks through the immediate resistance with a fake out and taps into supply zone which is 1.3925 then starts selling off.
One thing we should consider is Federal fund rate which is going to be publish later today and it will heavily impact the market. so be extremely cautious while taking trades on any of these levels.
Be honorable