EURUSD💹
Outlook: The EUR has been very bearish on the 5hr and seems to be a bit over extended. I would wait for price to pullback and make a correction into the 10ema. Then allow the 30m to show you a impulse lower then correct into the 10ema and confirm the same with the 5m entry time frame. This can definitely continue down and not meet my rules but I would wanna see a valid correction on the 5hr Context time frame before going down to my validation and entry time frames.
Bias: Bearish but needs time
Fractal
USDCAD💹
Outlook: Price has been breaking bullish on the 5hr time frame and we have 2 breaks of structure telling us price has been creating demand. Price can defiantly continue here. I personally wait for the 5hr to come back to the 10ema to show a re-accumulation and a valid correction then look inside my 30m and 5m to confirm so for me it needs time.
Bias: Bullish and can continue on the lower time frames but for me I want to see a correction back into the 10ema. Price seems a little over extended here on the 5hr.
XRPUSD: Bullish Setup AheadAs I prepare to share my bullish trade idea for XRPUSD on TradingView, several key global fundamentals align with my positive outlook. Here are a few significant factors to consider:
1. Regulatory Clarity: Recent developments in cryptocurrency regulation, particularly favorable rulings for Ripple Labs, have boosted market confidence. This clarity is essential for institutional investment and long-term growth in the crypto space.
2. Market Sentiment: The overall sentiment in the cryptocurrency market has shifted positively, with many traders anticipating a bullish trend. Indicators such as the MACD and Stochastic Oscillator suggest potential upward momentum, reflecting a growing interest in XRP as a viable investment option.
3. Technical Analysis: Current technical indicators show that XRP is poised for significant moves. The Relative Strength Index (RSI) is in a neutral to slightly bullish zone, indicating room for further upside before reaching overbought conditions.
In my trading strategy, I will utilize probabilities to position myself for long trades in XRPUSD.
Share Your Thoughts in the Comments Below!
12M:
2W:
4H:
BTC Support Resistancethe graph shows the historical swing powers at each range, used indicator is:
Practical Use Cases:
Identifying Critical Support/Resistance Levels:
The importance score indicates how much volume was traded at specific fractal levels, giving an idea of where price might react. For example, a high-importance score at a specific price range suggests that it is a strong support or resistance zone. If price approaches this range, you might anticipate a bounce (support) or a reversal (resistance).
Example:
Price approaches a bin with a high importance score of 25, while the bins above have much lower scores (e.g., 5 or 10). This suggests that the price may face strong resistance at this level. You could plan to sell or tighten your stop-loss, anticipating a reversal or retracement.
Predicting Breakouts:
If price moves into a high-importance bin and surpasses it, and the following bins have much lower scores, it suggests that the price may "pump" up toward the next significant high-scored bin. This can be used to anticipate breakouts in bullish or bearish directions.
Example:
Price is hovering around a high-importance score bin (e.g., 20) with low importance levels above it (e.g., 2, 3, or 5). This suggests that once the price breaks above this high-importance range, there’s little resistance in the near term, and the price may quickly rally toward the next high-score bin.
Using Volume to Confirm Price Moves:
Traders can use the importance score to confirm the strength of a price move. If a significant volume of trades occurred during a fractal at a specific price range, this adds credibility to that level. Trading breakouts or reversals at these levels becomes more reliable.
Example:
If price drops toward a bin with a high importance score and rebounds, you could take a long position anticipating a reversal. Similarly, if price breaks through a high-score range on strong momentum, you might enter a short position, expecting further declines.
Adjusting Stop-Loss and Take-Profit Levels:
Use the importance scores to set stop-losses and take-profit levels around key support and resistance ranges. The normalized scores allow you to see where price is most likely to stall or reverse, helping you place your exits more effectively.
Example:
Set a stop-loss just below a high-score support zone if you're long, or just above a high-score resistance zone if you're short, minimizing risk. For take-profit levels, target bins with lower scores after breaking through a high-importance range.
Volume-Based Market Sentiment:
This indicator gives a sense of market sentiment by showing where significant volumes were traded. If the current price range has low importance, it may indicate low interest or participation, suggesting that the price could be more volatile or prone to rapid movements once it breaks out.
btc wyckoff accumulationblah blah blah this ones for all the fans out there
-- btc is at mid range support after finding its way back up from range lows, its clear to me that bulls are in control at the moment and have been forming nice accumulation at the middle of the range, hoping for a good push up to the top. no reason for bears to be in control so lets just have fun guys
BCO💹
Outlook: Crude Oil has been looking really good breaking bullish since yesterday. We have this 30m Impulse Correction and I am currently waiting for the 6m to show a correction inside this 30m A. Then I will wait for the 1m to do the same Impulse and correct. Lets see if we show signs of bullishness that this thing wants to go up.
NY session bias: Bullish
2-Oct-24 UpdatePrice has bounced on $60,000, so I think we will oscillate here to form a bear flag, before dropping lower to reach the next demand zone.
The bounce from $54,000 should provide a great trade opportunity as it returns to the big even at $60,000, before dropping back down for a retest of $54,000.
XAUUSD💹
Outlook: XAUUSD looks like it is doing exactly what we want broke bullish during Tokyo and London session. For NY I want to see a re-accumulation and it looks' like we are doing it now on the 30m time frame. I want to see price start creating demand on my 6m time frame before scaling down to my 1m entry time frame.
NY session bias: Bullish
2-Oct-24Now that price has returned to the previous range, I expect the limits to be broken down, then up, without breaching the support/resistance zone on the other side.
We might then be ready to drop to find support at the next demand zone, providing a bounce to return to the current level, which appears to be an equilibrium point for now.