CHFJPY: Pullback From Key Support 🇨🇭🇯🇵
There is a high chance that CHFJPY will pullback
from a horizontal daily key level.
I see a nice confirmation after its test - an inverted cup and handle pattern
and breakout of its neckline.
I expect a bullish move at least to 167.75
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Freesignals
NZDUSD - Technical Analysis [Long Setup]🔹 NZDUSD Analysis on 1HR chart
- The current Trend is Bullish
- Bullish Divergence is Present
- No Reversal pattern
- Waiting for a Break of Structure for Confirmation
🔹 Trade Plan
- Entry Level = 0.61647
- Stop Loss = 0.61072
- TP1 = 0.62223
- TP2 = 0.62802
🔹 Risk Management
- First TP is 1:1
- Second TP is 1:2
🔹 How to Take Trade?
- Only risk 2% of your portfolio
- Take 1% risk entry with 1:1 RR
- Take 1% risk entry with 1:2 RR
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Investors Brace for Key CPI Data That Could Impact MarketsGold is currently trading in a sideways range between $2,470 and $2,532, as it consolidates after reaching its yearly highs. The market is awaiting key U.S. inflation data, which is expected to determine the future price movement of gold. If the data indicates lower inflation, it could strengthen gold and push prices beyond $2,532. Conversely, higher inflation might lead to a stronger dollar, putting pressure on gold and potentially driving it below $2,470
XAUUSD H1 Time Frame Analysis.Greetings, traders! 🕰️
Here's a comprehensive analysis for the XAU/USD (Gold) pair on the H1 (Hourly) timeframe. We've identified three potential sell zones that could offer lucrative trading opportunities. Please review the levels and targets outlined below:
🔍 Sell Zones:
Zone 1: $2506.50 - This level has demonstrated resistance in previous price actions, making it a key area to watch for potential sell signals.
Zone 2: $2519.30 - A slightly higher resistance level that could act as a strong barrier. Be attentive to price behavior around this point.
Zone 3:
🚀 Targets:
Target A: $2485 - A significant support level where price could potentially find a bounce or show signs of a reversal. Monitor for any price action signals around this level.
Target B: $2473 - A deeper target where further downside potential could materialize. This level provides an extended profit-taking opportunity if the bearish trend continues.
📈 Risk Management:
Ensure to set appropriate stop-loss levels to protect your capital. Consider placing stop-loss orders just above the identified sell zones to manage risk effectively.
Adjust your position sizes based on your risk tolerance and trading strategy to maintain a balanced risk-to-reward ratio.
📉 Additional Notes:
Keep an eye on market news and economic events that could impact Gold prices. Volatility can significantly influence price movements, so stay informed and ready to adjust your strategy as needed.
Happy trading and may your trades be profitable! 🌟
Feel free to ask any questions or share your thoughts below.
AUDCHF: One More Breakout Setup 🇦🇺🇨🇭
I see one more important daily structure breakout.
AUCHF violated a support cluster of a wide horizontal range.
It is a clear sign of the sellers and a strong bearish signal.
I think that the price will reach at least 0.56 level soon.
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GBPJPYJen zit er bearish uit voor deze week.
Ik verwacht dat we alle liq. gaan ophalen. ik kijk daarom naar twee long entrees. 182.838 of 180.156.
We hebben namelijk oplopende liq achter gelaten en die hebben we nodig voor de volgende move omhoog.
Voor nu kijk ik alleen naar short met je sl boven de open liq. die op 189.83 zit. woensdag kan deze worden uitgenomen met een spike om vervolgens naar beneden te gaan.
Want we trekken nu allemaal sellers de komende dagen en die wil je uitwicken voordat de move verder omlaag gaat. Je wil niet dat hun voordeel hebben van de sell druk.
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Jen is bearish for this week.
I expect we will collect all liq. so I am looking at two long entries. 182.838 or 180.156.
We have left rising liq behind and we need that for the next move up.
For now I am only looking at short with your sl above the open liq. which is at 189.83. Wednesday this can be taken out with a spike and then go down.
Because we are now attracting all sellers in the coming days and you want to wick them out before the move goes further down. You don't want them to benefit from the sell pressure.
Gold Price Hover NearRecord Highs Ahead of Key Labor Market Data the price of gold is expected to continue its soft uptrend. According to recent analyses, gold is currently in a rising channel pattern, indicating a potential for further gains if it maintains its upward momentum. This soft uptrend is supported by factors such as geopolitical tensions and rising real inflation, which are considered favorable for gold as a safe-haven asset.
The predictions suggest that gold might experience a slight increase, moving within a range of $2,491 to $2,643 per ounce throughout the day
EURAUD: Very Bullish Outlook Explained 🇪🇺 🇦🇺
EURAUD may pullback from a key daily horizontal support.
The pair looks very oversold after a recent bearish rally.
On Friday, the price formed a double bottom pattern on a 4H time frame
and broke and closed above its horizontal neckline.
We see its retest at the moment.
The price will most likely reach 1.6376 level soon.
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XAUUSD Daily Chart AnalysisHere's a detailed breakdown of the XAU/USD daily analysis to guide your trading decisions:
Buy Scenario:
Trigger Point: Watch for the daily candle to close above 2519.208. This level is crucial as a close above it signals a potential bullish trend.
Target: Should the buy signal be confirmed, set your target at 2531.800. This target suggests a move of at least 100+ pips, giving you an opportunity to capture significant gains.
Action: If the candle closes above the specified level, consider entering a buy position. Monitor the price closely to adjust your strategy as needed.
Sell Scenario:
Trigger Point: Look for the daily candle to close below 2509.722. This would indicate a bearish shift and signal a potential selling opportunity.
Confirmation: After the close below this level, wait for a Change of Character (CHOC) confirmation to validate the bearish trend. CHOC helps ensure that the market is indeed shifting direction before committing to a sell trade.
Target: If the CHOC confirmation is met, aim for a sell target of 2494.200. This setup provides an opportunity to gain at least 100+ pips.
Action: Once you have the CHOC confirmation, enter the sell trade and monitor the price movement closely. Adjust your stop-loss and take-profit levels to manage risk and maximize returns.
Summary:
Buy if the daily close is above 2519.208 with a target of 2531.800.
Sell if the daily close is below 2509.722 and confirmed by a CHOC, targeting 2494.200.
Keep an eye on these levels and be prepared to act according to market conditions. With these strategies, you can position yourself to potentially capture significant profits. 📊💰
TRXUSDT trend continuationTRXUSDT has pulled back following a recent surge. The market recently broke and closed above a flag pattern, with the price retracing about 38.2% of the previous bullish move. It has now reached a resistance zone last tested in 2021. Additionally, the price has pulled back to the previous higher high zone, from which it has already started to bounce. On the weekly timeframe, the market has broken through a large triangle pattern, suggesting a potential continuation of the trend. The target is the resistance zone around 0.1670
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BTC LONG 📊📊📊📊📊
✉️ Pair: BTCUSDT
📈 Direction: Long
💯 Leverage: Isolated 10x - 20x
📊 Entry: $59,800 ✅
✅ Take-Profit:
Target 1: $62,000
Target 2: $64,000
Target 3: $66,000
⛔️ Stop Loss: $56,700
🏦 Amount: 1% of capital
Analysis: Bitcoin has shown solid recovery and is currently trading above $60,000. The previous resistance has turned into support, indicating a potential for further upward movement. Given the current market conditions, a long position at $59,800 could be favorable.
Strategy: Enter at $59,800 and set take-profit levels at $62,000, $64,000, and $66,000. Place the stop loss at $56,700 to manage risk.
Risk Management: Use 1% of your capital for this trade and adjust leverage according to your risk tolerance. Monitor price movements and adjust your position as needed.
Happy trading! 🚀 AND DON`T FORGE TO BOOST US :D
Gold Daily AnalysisHello everyone here is the monday market analysis the market breaks the previous high candle and closed here we also see the CHOC now we can take a buy trade but if we go more safe so we can wait for the market to come in retest zone and from here 100% buy till out target no 1 and then for target no 2 be get ready and make it booom!!!
Gold (XAU/USD) Analysis: Bearish Sentiment TodayOverview:
Today’s market analysis indicates a bearish trend for gold (XAU/USD), suggesting that a selling opportunity might present itself. The current setup shows a strong potential for a decline, which can be capitalized on with careful planning and execution.
Sell Zone:
Sell Zone: The optimal level for initiating a sell position is at 2405. This is where we anticipate a significant resistance point, and it aligns with the bearish outlook. 🟡🔽
Target Price:
Target Price: Our primary target for this bearish trade is 2370. This level is chosen based on expected support zones and technical indicators pointing towards a potential drop. 🎯📉
Market Liquidity:
Liquidity: The current market conditions show robust liquidity on the sell side. This means there is ample opportunity to execute sell orders efficiently, enhancing the feasibility of entering and exiting trades smoothly. 💰📊
Key Points:
Bearish Trend: The overall market sentiment is negative, favoring downward movement in gold prices. 📉
Entry Point: 2405 provides a strong resistance level, making it a prime area to consider selling. 🚪
Exit Strategy: Aim for the target price of 2370 to secure profits as the price approaches this support level. 📈
Liquidity Advantage: High liquidity on the sell side ensures that trades can be executed without significant slippage or delays. 🌐
Summary:
Sell Zone: 2405
Target Price: 2370
Market Liquidity: Favorable for selling
Ensure to monitor the market closely and adjust your strategies as needed. Stay informed with real-time updates to navigate the market effectively. 🚀📊
EURJPY: Strong Trend Following Signal 🇪🇺🇯🇵
EURJPY looks bearish again after a local correctional movement.
The price started to grow within a bearish flag pattern.
Its support was broken this morning.
With a high probability, the market will return to a bearish trend soon.
We can expect a bearish movement to 156.0 level.
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FTMUSDTIn case of breaking below the floor and stabilization we enter a sell trade and in case of breaking above the ceiling and stabilization we enter a buy trade
Two prices on the chart are suitable for holding.
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Please confirm the entry approval with your own perspective
SUSHI LONG📊📊📊📊📊
✉️ Pair: SUSHIUSDT
📈 Direction: Long
💯 Leverage: Cross 5X - 10X - 20X
📊 Entry 1: $0.5659
📊 Entry 2 (DCA): $0.5250
✅ Target 1: $0.7000
I recommend selling 20-30% of your position at this level.
✅ Target 2: $0.8000
Sell 20-30% of your position at this level, following the progressive exit strategy.
✅ Target 3: $0.9500
Sell 20-30% of your position at this level, considering the significant resistance.
✅ Target 4: $1.2000
Sell the remainder of your position at this level to maximize long-term gains.
⛔️ Stop Loss: $0.5090
Analysis: SUSHI is currently trading in a descending wedge and is approaching a key support level. The current price is $0.5667, and Entry 2 (DCA) is set at $0.5250 to take advantage of potential further declines.
If the price manages to break and confirm the descending resistance, it could signal a trend reversal and a bullish turnaround. The first entry is now adjusted to $0.5659, and the second entry (DCA) is set at $0.5250.
Targets are set as follows:
Target 1 ($0.7000): The first significant resistance level. Consider selling 20-30% of your position.
Target 2 ($0.8000): The next resistance level. Sell 20-30% of your position at this level.
Target 3 ($0.9500): Significant resistance. Sell 20-30% of your position at this level.
Target 4 ($1.2000): Long-term objective. Close the entire position at this level.
The stop loss is now placed at $0.5090 to limit risks in case of a drop below the major support level.
ARBUSDT LONG✉️ Pair: ARBUSDT
📈 Direction: Long
💯 Leverage: Cross 5X - 10X - 20X
📊 Entry 1: $0.6501
📊 Entry 2 (DCA): $0.5649
✅ Target 1: $0.7250
✅ Target 2: $0.7969
✅ Target 3: $0.9396
✅ Target 4: $1.1452
⛔️ Stop Loss: $0.5000
Analysis:
Arbitrum has exited the ascending channel and continues its downward trend on the daily timeframe, respecting the descending trend line and breaking the support level of $0.7350-$0.7850. This suggests a potential continued decline towards $0.5000. However, if the price manages to break and confirm a break above the dynamic resistance, it could signal a trend reversal. In this case, entry is recommended at $0.6501, with a second buying opportunity (DCA) at $0.5649.
The targets are set based on the potential recovery and trend reversal:
Target 1 at $0.7250 reflects a significant initial resistance.
Target 2 at $0.7969 and Target 3 at $0.9396 are higher resistance levels that could be reached during a positive trend.
Target 4 at $1.1452 is a more ambitious long-term goal, considering a potential complete reversal of the downward trend.
The stop loss is set at $0.5000 to limit risks in case the price continues to decline below the major support level.