Fibonacci
GBP/CAD For Bullishyou can go long now
or
wait for entry point and go long
- General Trend is Up
- H4 Bullish Candle
- CAD is Under pressure
have fun :)
EUR/USD is about to move higher
After finishing a triangle correction, this major pair moved up in 3 wave --> I think this could be
wave A of diagonal ABCDE
After correction in the beginning of October, price had moved down in 5 waves already,
I think this could be C wave of flat correction. The move down also stop around 50% fib.
If this is flat correction and price has finished its move down, I expect EUR/USD to move higher
to around 1.17
XAUUSD- GOLD BullishXAUUSD- It follow the bullish trend and after the CPI data Gold raised without any down movement. As per the Fib we can expect the target of 2656.
Disc- Only for learning purpose and not a trading recommendation
NQ Power Range Report with FIB Ext - 10/11/2024 SessionCME_MINI:NQZ2024
- PR High: 20440.00
- PR Low: 20426.00
- NZ Spread: 31.5
Key scheduled economic event
08:30 | PPI
Previous session closed relatively unchanged
- Holding week highs, daily inside print
Session Open Stats (As of 2:05 AM 10/11)
- Weekend Gap: N/A
- Session Gap 7/24: -0.32% (open > 19946)
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 309.33
- Volume: 17K
- Open Int: 251K
- Trend Grade: Bull
- From BA ATH: -2.6% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 20954
- Mid: 19814
- Short: 17533
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
BA: Back Adjusted
BuZ/BeZ: Bull Zone / Bear Zone
NZ: Neutral Zone
The trading plan for Gold involves monitoring supply and demand Trading Plan for Gold: I am currently waiting for confirmation of supply and demand (SnD) levels on the H1 timeframe. I will also be observing for any changes in market structure on the M15 timeframe, which could indicate potential entry or exit points. This approach allows for a more precise analysis of price action and trend direction.
$SPY October 11, 2024AMEX:SPY October 11, 2024
15 Minutes.
575 was protected yesterday.
Now we have 9,21,50 averages converged in 15 minutes.
For the rise 566.63 to 577.71 holding 573.5 to 575 uptrend will continue to 579 levels.
For the fall 577.58 to 574.59 need to cross 576.5 - 577 for 579 levels.
The longs opened around 575 yesterday will be closed around 579-579.5 levels.
For the SL will be 573 levels.
Xau/UsdXau/Usd Gold
I'm in sells for gold with a stoploss 2658 . This is an intraday set up with a H1 take profit that lines up with the H4 -0.6186%. Tomorrow is friday so lets see if we can get some volume to end the week but I like this 0.618 entry . If it passes the 0.618 we still have the 0.786 & 0.886 fib levels to go down . Please use risk management !
XAU DUMP INCOMINGHey guys, gold played out as per our prediction yesterday on the buy side after the CPI. Today, I see gold is about to take a massive dump towards the 2587 zone. It's still on a bearish movement and has taken the 0.62 Fib as retracement. However, there will be short pullbacks on its way down. I guess London will give us a little hint on its dump volume. Anyway, today is Friday, and it can be crazy before the PPI data comes out during the New York session. Trade safe, trade smart.
#gbpchf buy long trade setup 11oct24 wave yThis count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
MPC eyes on $167 above, 157 below: Genesis fibs and key rangeAll three levels are from a single fib set, the Genesis Series.
All humans/bots/indi's have recorded the recent reactions.
So a break of either side will say a lot to a lot of traders.
And that is how even the "fib-blind" evenaully do see them.
====================================================
.
Order flow is flipping to the bullish numbers againOnce the lows and key level is hit I will be looking for longs.
I will be looking to position myself with my students and followers as highlighted on the chart if we get the confirmation.
Accumulation / Manipulation / Distribution
- No liquidity raid = No trade
- Never buy high and never sell low
“Adapt what is useful, reject what is useless, and add what is specifically your own.”
Dave FX Hunter ⚔
My FINAL Bitcoin chart and Idea (forever)Everyone is too busy focusing on the wrong Technicals. Fear and Greed, RSI, MACD, Stock Markets, etc. All of these are good tools but we have to remember a few things:
1. Zoom out (Bitcoin follows the same 4-year cycle every time... this time is NOT different)
2. Keep it Simple (I'm tired of messy charts, only put what you need for the current timeframe)
3. Avoid Leverage (These areas are too risky and much too volatile... liquidity is getting grabbed at almost every level) Stay safe.
I expect Bitcoin to retrace to $57k and then bounce back up... clear skies ahead if we can break out of this pattern I have drawn up. (If not we keep ranging as follows until we break significantly above the previous ATH)
Peace out! It's been fun... I may return to crypto one day (if ykyk)
Benqi (QI) — Ready to FlyAnother strong altcoin and the next few days can be a perfect moment to open a long position.
On support and moving sideways.
Corrective wave pattern completed after a retracement to the golden ratio.
Trendline breakout and retest:
Strong against Bitcoin, holding support:
The chart shows major resistance levels as well as three sets of Fibonacci targets: retracement levels of the bear market, extensions of the wave ((2)) and 1.618 extension of the wave ((1)). Best places to sell are where resistances coincide with the Fibonacci levels: $0.074-$0.09 zone and $0.24-$0.4. Maximum upside potential that I'm considering for this token is therefore around 2000-3000%.
11-Oct-24Now that we've broken below $60,000, I think we could see high volatility ranging above this level.
The targets and stops of this trade plan are based on the liquidity levels indicated by the orange circles. The Gray lines are a fib fan, yellow lines are a fib channel
MDB - Primed to take offMDB completed Wave 2 and at the beginning of Wave 3 ( Already up 27pts though)
But not too late yet.
Long anywhere here and have some wiggle room for the stop loss.
Stop Loss - 233
Target 1 - 300
Target 2 - 350
Target 3 - 380
NET Long trade - Choppy but good probability This is the 2nd attempt on NET, last time it was quick move to the upside after it cleared 75 level. Like wise, this time wait for it to clear 83-84 level and then go for long.
Long above 83
Target 1 - 100
Target 2 - 110
Stop loss - 75
$BTC Inverted Head and Shoulders - Max Pain is OverAlmost positive we’ve seen the bottom for Bitcoin at this stage in the game.
Inverted Head and Shoulders pattern on the daily.
CRYPTOCAP:BTC waiting for the Golden Cross and daily close above the major resistance trendline ~$68k
Everything we see from here on out is purely market manipulation, nothing more.
GOLD → Consolidation in correction phase ahead of news...FX:XAUUSD is in correction phase, but before important news a consolidation is formed due to fear and unpredictability factor. Analysts are expecting a decline in inflation, but what will happen in fact? A bull run or a dump?
Markets are pricing in an 81% chance of a 0.25% interest rate cut in November. But yesterday's minutes showed that most officials supported an excessive 0.5% rate cut to balance inflation confidence and labor market concerns.
Ahead of CPI, Initial Jobless Claims ...
If CPI shows stronger data, the question among regulators will be in a different vein of “should we cut 0.25?” which will only reinforce the dollar's rally and markets will continue a solid correction.
A larger decline in CPI could revive hopes of an excessive Fed rate cut in November, triggering a correction in the US dollar. Gold could experience a fresh influx of funds.....
Resistance levels: 2623, 2627, 2637
Support levels: 2605, 2600, 2585
Technically gold is in correction and the pressure from bears continues. In the mid (short) term, I expect a retest of resistance at 2623 (a false breakdown is possible) followed by a decline to 2600-2585. It is not excluded that the news may have an opposite effect...
Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;)
Regards R. Linda!
USDCAD → Breakout. One step away from distribution...FX:USDCAD makes an attempt to break through the resistance of the “wedge” consolidation on the background of a growing dollar, the reasons for which are economic data from the USA. NonFarm Payrolls are ahead!
On the weekly timeframe, the currency pair is bouncing off the support trendline and heading towards resistance, the pattern as a whole resembles an ascending triangle. But still it is a global sideways range. The movements in it are quite difficult and the price is dragging between the local levels. Ahead is the NFP report, which may become an engine for the price, and based on the assumptions from Wednesday and ADP NonFarm we can assume that on this background the growth of the dollar and the currency pair may continue.
Technically, the bulls are trying to hold the defense above the previously broken resistance. The impulse is beginning to form...
Resistance levels: 1.358, 1.364
Support levels: 1.353, 1.347
If the bulls keep the price in the new plane (buying zone), the price may reach the nearest targets quite quickly. If the news will be favorable, then in this case a rally to the distant targets may be formed. Unpredictable data will bring the currency pair back to the range and may bring the price down to 1.347
Rate, share your opinion and questions, let's discuss what's going on with ★ FX:USDCAD ;)
Regards R. Linda!
SHIB 0.0000135 waving at your faceA monthly level, logarithmic 1:1, VAL lines up to the level!
A possible good long entry for a rotation!
MSFT - Time for long tradeMSFT is ready for a long trade here. This chart is parked right in between a bullish and bearish, a little confusing one. But I'm inclining towards long side unless rest of the market goes down.
Long - 408-415
Stop loss - 395
Target 1 - 450 - If this level breaks and holds, we've high chances of going up
Target 2 - 468
Target 3 - 492
WDAY - Long trade ideaWDAY responding good along with rest of the market.
Long anywhere here
Stop Loss - 225
Target 1 - 265
Target 2 - 286
Target 3 - 308 (after a drama)
