Read The XAUUSD Price ActionLet's Read the XAUUSD Market Price Actions and Decide to What gonna do in next days, Good Luck With Your Trades <3
Fractal
Range Sqeeze 1-Sep-24The start of the month has landed on a Sunday, which when combined with the low liquidity of a Sunday suggests potential volatility.
We have also been ranging near a big even ($60K), so we can expect many stop losses to be placed there, making it a target for liquidity hunting. The same can be said for the triple bottom at around $58K
The full oscillation shown here isn't necessarily likely, but it should be anticipated since it would provide an excellent opportunity without additional risk when compared to only trading the high and low.
Possible forecast for BTC (Long-Term Movement)Just simply using fractals of BTC's own movements to map out what looks like a good chance of happening over the next 6 years. Crash in 2030 allowing for a new cycle of investors to jump in? Teasing between 87K and 13K allowing for high volatility and short/long sweeps. Provides room and time for the web3 and alt-coin market to gain momentum, usage, and volume. We will see!
*NOT INVESTMENT ADVICE | FOR ENTERTAINMENT PURPOSES ONLY
The market is impossible to predict. Anything can happen in the next 5 - 6 years. This is the most level-headed and realistic forecast IMO.
What do y'all think? :)
Comment your thoughts!
Read The USDJPY Price Action Let's Read the USDJPY Market Price Actions and Decide to What gonna do in next days, Good Luck With Your Trades <3
Read The USDCHF Price Action Let's Read the USDCHF Market Price Actions and Decide to What gonna do in next days, Good Luck With Your Trades <3
Read The GBPUSD Price Action Let's Read the GBPUSD Market Price Actions and Decide to What gonna do in next days, Good Luck With Your Trades <3
Read The EURUSD Price Action Let's Read the EURUSD Market Price Actions and Decide to What gonna do in next days, Good Luck With Your Trades <3
GOLD TO REVERT TO ITS MEAN AFTER STRUGGLING TO MAKE NEW HIGHS!XAUUSD is struggling to make new swing high, but making new lows. A possible pullback above 2510 with rejection likely to cause price dip below 2480.
N.B!
- XAUUSD price might not follow the drawn lines . Actual price movements may likely differ from the forecast.
- Let emotions and sentiments work for you
- ALWAYS Use Proper Risk Management In Your Trades
#gold
#xauusd
Btcusd“Confidence is not ‘I will profit on this trade.’ Confidence is ‘I will be fine if I don’t profit from this trade.” - Yvan Byeajee
NZDJPY: The Case for Shorts – Key Fundamentals and TimingThe New Zealand Dollar to Japanese Yen (NZDJPY) pair is currently showing bearish potential due to several key fundamental factors. Japan's upcoming fiscal year 2024/2025 wage negotiation results, expected on March 15, could strengthen the yen if wage increases meet or exceed expectations.
Additionally, the Bank of Japan's monetary policy decision on March 19 may signal a shift away from negative interest rates, potentially boosting the yen.
Meanwhile, New Zealand's economy faces headwinds from a cooling housing market and slowing global demand for its exports. The yield premium of New Zealand bonds over Japanese bonds has been shrinking, reducing the attractiveness of holding NZD.
My overall bias for NZDJPY is bearish based on these factors.
I'll be using probability-based analysis to determine optimal entry points.
Currently, I'm waiting for the probability of a bearish move to exceed 50% before considering an entry.
12M:
1D:
Hourly timeframes:
Please feel free to share your ideas and comment below!
ETH 2400 - 2000So ETH broke down. Send it lower.
Found some interesting areas of interest using the OHL (open, high, low) this year and previous years.
There is a strong interest zone between 2400 and 2000. Found lots of confluence.
Yearly open marked by red line with the yearly highs and lows marked in black.
1. Yearly open at 2282
2. Yearly low at 2095
3. 2023 yearly high at 2447
4. April 2023 high point (orange arrow) similar point to the yearly low at 2095
5. Price coming below the 200d MA and 52W ma
6. Aug - Oct timeframe seasonality
7. Similar chart setup as last year
I'm not an ETH bull anymore but I think this chart here shows a good longer term setup. The 4th year in the cycle is typically the strongest and I expect this time to NOT be different.
Can also see how the 2022 yearly high and open at 3800 act as strong resistance thus far in 2024.
They're really gonna let us run it back again muahaha.
ConstitutionDAO PEOPLE price at critical pointEverything is so “great” in the cryptocurrency market now that the OKX:PEOPLEUSDT pair ranks 15th in terms of trading volume among all cryptos)
🔼 But in the current situation, it is worth keeping an eye on the #PEOPLE price, if it manages to gain a foothold above $0.07, then a powerful blue wave of growth may be waiting for it.
🔽 On the other hand, the current pattern is very similar to the situation in 2022, and accordingly, the possibility of a strong red drop remains.
Therefore, it is better to watch but not buy yet. And make trading decisions after one of the possible scenarios is confirmed.
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GBPUSD SWING TARGET (1.3300 or 1.3000There is already break in market structure to bearish for now. It could also mean deep retracement or correction for long swing.
As at today, market is closing for the day, the week and the month.
Drop and Bounce 30-Aug-24Hey! Thanks for reading.
Now that price is back in the middle of recent activity, I expect it to test the local supply and demand zones.
Green box = demand zone
Red box = supply zone
The blue fib is drawn where the blue price measure is placed, this gives us a 1.272 extension at the top of the demand zone and a 1.618 at the bottom.
The yellow fib channel is placed at the local high and low, following the upper trend line.
Bearish EURCHF Trade Idea: 58.96% Probability of Hitting TP1!The Euro is facing headwinds due to ongoing economic challenges in the Eurozone. Persistent inflation concerns, coupled with the European Central Bank's cautious monetary policy stance, are weighing on the currency. Meanwhile, the Swiss Franc continues to benefit from its safe-haven status amidst global economic uncertainties.
Geopolitical tensions in Eastern Europe and economic slowdown fears in major Eurozone economies like Germany are further contributing to the Euro's weakness relative to the Swiss Franc. The Swiss National Bank's commitment to maintaining price stability also supports the Franc's strength.
Regarding the trading strategy, I'll be employing a probability-based approach to enter short positions on EURCHF.
I use an indicator that does all the probability calculations based on historical data.
Here's the comprehensive top-down analysis:
12M:
1D:
6H:
Probability-Driven NZDUSD Long: 54% Chance of Reaching TargetI'm sharing a bullish trade idea for NZDUSD, supported by several key fundamentals. The U.S. dollar is weakening due to expectations of interest rate cuts by the Federal Reserve, which is beneficial for the New Zealand dollar.
Additionally, New Zealand's economy is showing resilience, especially with favorable trade balance data and stable commodity prices, particularly in dairy exports.
To find the best entry points for my long positions, I will use my X1X2 strategy, which focuses on identifying high-probability trade setups. This strategy involves analyzing recent price swings where the probability of a successful trade is over 54%.
12M:
1W:
6H:
Short-term 6H is holding bullish, aligning with our 1W bias.
Elliot and Fractal BullishHi,
as you can see I think we are waiting 5th wave so first target is important it should stay above it after breakout the last Top,,
Also I'm waiting to see up-trend as the fractal told me :)
CADCHF Trading Plan - 20/Aug/2024Hello Traders,
Hope you all are doing good!!
I expect CADCHF to go up from the zone.
The Up move is expected to be an Impulse, however if it turns out to be a correction another push down can come.
Plan to Trade:
Wait for market to give Buy setup at zone.
Your follow and like will be a token of appreciation.
XRPUSD: Analyzing the Path to New HighsThe crypto market is showing renewed strength, and XRP appears to be in a good position for a bullish move. Recent positive developments in the regulatory landscape are reducing uncertainty, which could lead to more institutional interest and liquidity.
Additionally, Ripple's ongoing innovations in cross-border payments are enhancing XRP's use case, making it more attractive to investors.
To capitalize on this potential bullish bias, I'm planning to use probabilities to find the best opportunities to enter long positions. I’ll focus on setups that offer a favorable risk-reward ratio and will scale into my trades as the bullish bias confirms.
1M:
2W:
2H:
Long or Short on AUDCADBoth a long and a short order have been placed on AUDCAD based on the potential breach of the fractals from the 20th and the 22nd of Aug.
Possible ETH Recovery Yea ETH is getting dummied and chewed up all over the timeline and on the charts. It is still underperforming BTC and SOL.
However, amidst all the FUD it has an ETF and some diehard users. ETH likes to die, come back to major support, then slowly grind higher.
The market is a discounting mechanism for participation. Everyone wants to sell ETH or short it and I don't see or hear many ETH bulls nowadays. This leaves a strong asymmetric opportunity for the bulls if there are any left.
A move down to take out longs SL below 2500 and push to 2300 is not out of question but this fractal from JAN 2024 sums up my idea on where ETH might head towards in the coming months.
There is a lot liquidity at the major sell off levels that typically gets tested or filled.
ETH is in a major downtrend no doubt and the berus are winning. But something has to give and right now the RR is skewed far more towards the longs and bulls imo.
EURJPY Long Hi Traders,
We have another Week of opportunities.
Just a quick technical analysis on the 15m. A previous Demand Zone is Tapped in after drawing out sell side liquidity.
We have another liquidity taken with a multi FVG. Executing a Limit Buy Order at $161.222, SL - $161.032, TP $162.645. Trade Responsibly
XAUUSD IS GOING DOWN FOR A BIG BULL RUNso according to my analysis XAUUSD is going down to retest an inefficient demand zone and continue its bull run, but for the time being we are noticing a bearish move heading for that demand zone in 1 hour bias. if you want trade this retracement in the 15 min we have optimal supply zone at (2519.33). even though there are multiple zones the reason I choose this specific zone is it broke the structure and and it is inefficient however there is also another supply zone that meet the criteria at 2514.89 wait and confirm before entering a trade using 5 min timeframe. and for target you can aim for the weekly demand zone
