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2025-01-30 - priceactiontds - daily update - nasdaqGood Evening and I hope you are well. comment: 1h 20ema is flat as your first girlfriend. Don’t over analyze this trading range. 50% of it is around 21560 and we are seeing bulls buying dips, taking the stairs while bears violently crash the elevator down in between. Will likely see a bigger impulse tomorrow or Monday. I have no bigger opinion on which side will get it. current market cycle: trading range key levels: 21300 - 21780 bull case: Bulls need to close the big gap to 21900 and maybe some points above to get all the stops and turn the market truly neutral again. For now bears are defending it well, which is bad for the bulls. Bulls have going for them that they are printing higher highs and higher lows and are trading above the daily 20ema but as long as the gap stays open, they are not doing enough. Invalidation is below 21400. bear case: Bears only argument is the open gap to 21900 but other than that, they are fumbling it again. If try get to 21450 or below tomorrow and fail again to print lower lows below 21350, odds favor the bulls to rally hard into the weekend. Invalidation is above 21900. short term: Neutral as can be. 21560 is my mid point for this and mean reversing was profitable the past 2 days. medium-long term - Update from 2024-01-27: High’s are most likely in. Any short with stop 22200 is good. I’d like to see 20000 over the next 2-3 weeks. current swing trade: None trade of the day: Buying 21450 or selling above 21700 has been good the past 2 days. Do it until it clearly is not working anymore.
CME_MINI:MNQ1!
by priceactiontds
2025-01-30 - priceactiontds - daily update - oilGood Evening and I hope you are well. comment: Finally some higher highs again. Market could now transition into a wider trading range and 70 - 76 is my rough guess for now. Bulls need to keep the tiny bit momentum going tomorrow and break above the bear channel and trade above 74 again. If bears dip it below 72.6, we could very well print a lower low below 72 and the range might also expand to the downside. current market cycle: trading range key levels: 70 - 76 bull case: Bulls made the first higher high again and need follow-through badly. Above 74 the bear trend is for sure over and a trading range is most likely. Good for the bulls is, that on the daily chart we are still trading above the breakout price which was roughly 70. If they can reverse this strongly, they have a chance of retesting the highs over the next weeks. For now I think they have to be content with staying above 72 and maybe get to 74 again. Invalidation is below 70. bear case: Bears want to keep the market below the daily 20ema and prevent bulls from making meaningful higher highs above 74. The bear channel is still valid and on the daily chart the past 3 trading days look like a weak two-legged pullback to the moving average and that is usually a very good buy/sell signal in the direction of the trend. Bears want to print a new low below 72 and then testing 70. Invalidation is above 74. short term: Neutral. Bullish above 74 and bearish below 72. medium-long term - Update from 2025-01-19: Triangle is dead and market is now in a proper trading range with upside to 80 or even 85. current swing trade: Nope trade of the day: Buying below 72.4 was good since Monday.
NYMEX:MCL1!
by priceactiontds
2025-01-29 - priceactiontds - daily update - daxGood Evening and I hope you are well. comment: Not much news. Trade the bull channel until broken. I won’t try to pick the top again. current market cycle: bull trend key levels: 21400 - 22000 bull case: Bulls next targets are 21800, 900 and the next big number 22000. We are in a clear bull channel and bulls are in full control. Longs closer to the 1h 20ema are printing, so trade them until they stop working. Invalidation is below 21400. bear case: Bears doing absolutely nothing right now. Below 20400 we would have clearly broken out of the channel and best bears could hope for then is sideways to down movement to 21200. For now I don’t think you should even thinking about shorting any of this. Invalidation is above 22100. short term: Bullish on pull-backs and target 21800 and then 22000. Still only scalps though. medium-long term from 2024-01-20: Market hit 21k and now it’s about being patient until we sell-off again. current swing trade: None. trade of the day: Buy anywhere.
EUREX:FDXS1!
by priceactiontds
2025-01-28 - priceactiontds - daily update - daxGood Evening and I hope you are well. comment: Bears fumbled again, who could have known. Can’t hold the full bear mode when seeing this price action. Weak wedge rally up to ath now with decent sell spikes in between. Don’t try to pick the top. Let the market show you clearly it wants to go down again, like it did on Friday. Until then, long pull-backs because market is just going up. current market cycle: bull trend key levels: 21300 - 22000 bull case: Bulls want a new ath and print 21700. If bears step aside enough, we could actually get to 22000. The bull wedge is the pattern to trade until clearly broken. I doubt bulls will let this drop below 21500 before we see 21700. My second target is 21800 and last one is the obvious 22000. No idea where this might turn again but for now you should not think about bigger shorts. Invalidation is below 21400. bear case: Bears sold new highs but that’s about it. The bull wedge is broad enough for both sides to make money. Will we see bigger selling above 21600 tomorrow? I doubt it. Bears can only really think about bigger shorts if we break below 21500. If you have too many bearish thoughts, just look for more time at the daily dax xetra chart. Should go away then. Invalidation is above 21700. short term: Bullish on pull-backs and target 21700 or higher. Only scalps though. I still think this will crash at least 20% over the next months but for now I am not willing to risk being wrong about the top and having to scale in 500-1000 points higher. medium-long term from 2024-01-20: Market hit 21k and now it’s about being patient until we sell-off again. current swing trade: None. trade of the day: Buying any dip or selling any new high. Sounds way easier than done but that’s what happened today. Market respect the trend lines perfectly. Show those charts to people who say technical analysis is whatever.
EUREX:FDXS1!Long
by priceactiontds
2025-01-28 - priceactiontds - daily update - nasdaqGood Evening and I hope you are well. comment: Bulls won the decision again and we are on our way to close the gap to 21900 and likely print 22k again. It would be a huge surprise if the gap would stay open. Tomorrow is FOMC and it could be good for a huge surprise to either side. No matter what, I will be flat going into it. Decent looking bull wedge up now and I expect a better pull-back to maybe the 1h 20ema before we can have more upside tomorrow. Dips should stay above 21400. current market cycle: trading range key levels: 21400 - 22000 bull case: Bulls took control again after the nasty bear trap on the US open. They are once again in full control and their next targets are 21700, gap close to 21900 and then obviously 22k. The breakout retest is 21420 and any pull-back should stay above or this could become something else. Invalidation is below 21400. bear case: Bears sold the double top 21420 for a decent 200+ point sell-off but bulls were having none of it afterwards. Bears had to give up and we are on our way up again. Best bears can hope for is to scalp 50-100 points on new highs. Bears really have nothing here. Jpow could help but until then I expect market to trade much higher already. Could this move up become a lower high below 22000 or could the gap to 21900 stay open? Obviously yes but for now the buying is strong and I don’t want to hold swing shorts when bulls are in full control again. No matter how amazing the selling on Monday was. Invalidation is above 21900. short term: Bullish on pull-backs. Bears fumbled it again and next target is the gap close to 21900. medium-long term - Update from 2024-01-27: High’s are most likely in. Any short with stop 22200 is good. I’d like to see 20000 over the next 2-3 weeks. current swing trade: None trade of the day: Buying the bear trap around 21200 once it turned violently to the upside. Market could not get below 21100 which was a warning to the bears, that we are printing higher lows after higher highs.
CME_MINI:MNQ1!Long
by priceactiontds
2025-01-27 - priceactiontds - daily update - daxGood Evening and I hope you are well. comment: Perfect selling down to 21200 but the pull-back is tough for bears. Futures would need to immediately sell-off from 21500 to keep the bear case alive but above 21520 we print a new ath and maybe some more. Only below 21400 one can be bearish again. current market cycle: bull trend but could have ended today. market needs to print a lower high around 21500 and sell-off hard again. key levels: 21000 - 21700 bull case: Bulls prevented a really bad day and closed the gap at least in the US session. Very important day tomorrow. Ff they can keep it above 21400, we could see more upside but I doubt it will get much beyond 21644 if we get there at all. On the daily tf it looks like a perfect retest of the bull trend line we broke above last Wednesday. Invalidation is below 21000. bear case: Bears have to keep this below 21500 or we see more upside. RTH close was 21392 and futures open has to be bearish af to keep the bear case alive. Got nothing more for the bears here. Either continue to the downside now or we will stay at the highs for longer and likely make new ones. Invalidation is above 21500. short term: Neutral. Need to see futures open and if bears can keep it below 21500. Bullish above and bearish only below 21400. medium-long term from 2024-01-20: Market hit 21k and now it’s about being patient until we sell-off again. current swing trade: None. trade of the day: Selling before EU open or buying EU open. The open was neutral enough to not short the hole and longs were fine once we strongly broke above 21300.
EUREX:FDXS1!
by priceactiontds
2025-01-27 - priceactiontds - daily update - nasdaqGood Evening and I hope you are well. comment: Huge gap down on Globex open and market just sold off. We retraced about 50% and now it’s decision time again. Bears need to keep it below 21500 for a retest of 21000 or lower and bulls want the megaphone to continue and squeeze the shorts to death. Above 21500 no bear can hold short and we will most likely see acceleration upwards. I favor the bears if we stay below the 1h 20ema. For now we are in a trading range 21100 - 21400 until clearly broken. current market cycle: trading range key levels: 20000 - 22200 bull case: Bulls prevented a bloodbath and had a nasty reversal from 20763 for a 600 point bounce. They need a strong 1h close above 21350 if they want higher prices. Invalidation is below 21100. bear case: Bears need to keep it below 21500 or more bulls will join the party again. The longer we can keep the big gap from 21908 down to 21400ish open, the better for the bears and more bulls will give up, hoping for 22000 again. The low of last week was 21370 and the bounce got up to 21395. Close is always close enough. Bears remain in control of the market until we see a big 1h close above the 20ema and 21400. For now this is just a two-legged pull-back to the ema, so bears really need to defend this and not fumble a great setup again. Invalidation is above 21500. short term: Bearish against the 1h 20ema, which is around the 50% retracement. 21000 will get retested and maybe the lows as well. medium-long term - Update from 2024-01-27: High’s are most likely in. Any short with stop 22200 is good. I’d like to see 20000 over the next 2-3 weeks. current swing trade: None trade of the day: Shorting anywhere above 21500 or buying below 20900 during the big spike down from 21140 to 20763. The spike down came after nasdaq had already made a 700+ point down move and those spikes are most likely the intermediate bottom and we see a pullback because bears needed to reduce risk and take some of those windfall profits.
CME_MINI:MNQ1!
by priceactiontds
DON'T MISS VELAS AT THIS DISCOUNT PRICES - STILL ACTIVE PROJECTTECHNICAL ANALYSIS AND TRADE PLAN FOR VELAS Chart Overview Timeframe: The analysis is conducted on a 4-hour chart, providing mid-term insights. Pattern Identified: A falling wedge, a bullish reversal pattern, suggests an impending breakout to the upside. Current Price: Approximately $0.0065564 at the time of analysis. Volume Analysis: Declining volume indicates price compression, which typically precedes a breakout. Key Levels Support Zone (Discount Area): Around $0.0058–$0.0060. Resistance Zone (Premium Area): First resistance at $0.0080 and a major zone at $0.0100–$0.0120. Previous Highs (Targets): $0.0140, $0.0220. Indicators: RSI (Relative Strength Index): Showing oversold conditions, supporting a reversal. Stochastic Oscillator: Near bottom levels, indicating a potential bullish crossover. Volume Oscillator: Low activity with potential for volume surge on breakout. Price Action: A series of lower highs and lower lows confirms the falling wedge. Breakout from the wedge is expected as the price nears the apex, combined with reduced bearish momentum. Market Sentiment and Team Progress: The Velas team, led by Alex Alexandrov, is working hard and smart to drive the project forward. Recent updates reveal positive developments and growing confidence in Velas 2.0, as highlighted on their official Twitter account. According to Accumulated Finance, VLX has strong potential due to its innovative subchain technology and enhanced ecosystem. Trading Plan 1. Entry Strategy: Initial Entry (Aggressive): Enter around the current price ($0.0065) with a smaller position to catch the breakout early. Confirmation Entry (Conservative): Wait for a confirmed breakout above $0.0070 with strong volume before entering a larger position. 2. Take-Profit Targets: Short-Term Target: $0.0080 (Resistance Zone). Medium-Term Target: $0.0100 (Major Resistance). Long-Term Target: $0.0140 and $0.0220 (Key Fibonacci levels and previous swing highs). 3. Stop-Loss Placement: Initial Stop-Loss: Below $0.0055 (below the wedge support). Trailing Stop: Move the stop-loss to break-even after a breakout above $0.0080 and trail below each significant swing low. 4. Risk Management: Allocate no more than 2% of total trading capital to the initial position. Use position sizing to ensure the maximum loss (based on stop-loss placement) does not exceed predefined risk tolerance. 5. Monitoring Plan: Volume: A breakout without increased volume may signal a false breakout. Wait for confirmation. Momentum Indicators: RSI and stochastic should support the move; divergence against the price could invalidate the setup. Market Conditions: Monitor Bitcoin and general market sentiment, as they can influence VLX price movements. 6. Scaling Strategy: Add to Position: On a confirmed breakout with high volume above $0.0075, add to the position during retests of support. Partial Profit-Taking: Secure 50% of profits at $0.0100 and let the rest ride towards higher targets with a trailing stop. The falling wedge pattern and supporting indicators suggest a strong potential for bullish momentum in the short-to-medium term. The dedication and smart efforts of Alex Alexandrov and his team, combined with the positive momentum from Velas 2.0 and its latest announcements, align with a promising future for VLX.
CRYPTO:VLXUSDLong
by elfabiiani
2
GOLD MARKET ANALYSIS AND COMMENTARY - [January 27 - January 31]Last week, the gold market continued to benefit from concerns related to tariffs and US President Donald Trump's statements on interest rates, along with a decrease in US bond yields and the USD, and gold prices traded. trading near a 3-week high of above 2,750 USD/ounce. Ahead of the monetary policy meeting next week, it is predicted that the US Central Bank will keep interest rates unchanged and there will only be one interest rate cut this year, while Mr. Trump called on banks to Global central banks lower interest rates. This means there may be disagreements between Mr. Trump and the Fed. This is something that traders are paying attention to and gold prices are likely to benefit from its role as a safe haven asset. This week's economic calendar will focus on central banks globally, with the US Federal Reserve and Bank of Canada announcing interest rate decisions on Wednesday, followed by an announcement from the European Central Bank. Europe on Thursday. The market will also pay attention to some US economic data, including the December new home sales report released on Monday, durable goods and consumer confidence reports on Tuesday, GDP Fourth quarter weekly unemployment claims and pending home sales on Thursday, and PCE, personal income and personal spending on Friday morning. 📌Technically, on the H4 chart, this week's gold price has broken out of the Downtrend line and the important resistance level at 2725, gaining momentum to near the 2790 resistance threshold. Next week, if the 2790 resistance mark is broken, broken, gold prices will continue to set record high prices for early 2025. Notable technical levels are listed below. Support: 2,730USD Resistance: 2,770 – 2,762 – (All-time high) SELL XAUUSD PRICE 2831 - 2829⚡️ ↠↠ Stoploss 2835 BUY XAUUSD PRICE 2712 - 2714⚡️ ↠↠ Stoploss 2708
OANDA:XAUUSD
by Xayah_trading
#ES_F Day Trading Prep Week 1.26 - 1.31.25Last Week : Last week we opened over the Value of 6054 - 5933 HTF Range and were able to hold over, when we got over the Edge that brought in more buying that gave us a push into new HTF Value of 6195 - 6074 Range where we have sold off from before after contract roll and we closed Friday with a rejection from a push into VAH. This Week : Last week of the month, new president is in, what can we expect this week ? Well looking at the structure we had a perfect rejection from the top on Friday which of course doesn't exactly have to be a top but if it were one it would be a very good looking one on the Daily TF if it was one. Going into this week IF we can't get over VAH and hold over 6160 - 70 to build supply to take higher over upper Edge then we could see balancing inside the Intraday Range of current Value to build supply and digest the move we had last week that is IF we have truly accepted in this 6195 - 6074 HTF Range. IF we have not found the needed acceptance here and we start getting continuation into VAL we have Poor/Weak RTH Lows there at 6111 which we could aim for, If taken out that could give us more selling to at least fill the Gap we created into 6093 area. From there we would watch if we absorb all the selling and can get back into above Value or if we can't and we hold under 6100 then we could see more selling to push into lower Edge and IF we happen to get inside it under 6070 then moves back towards lower VAH/Value are not out of the question as long as we can get through 6050s
CME_MINI:ES1!
by HollowMn
#202504 - priceactiontds - weekly update - wti crude oil futuresGood Evening and I hope you are well. comment: We have a first decent pull-back and so far every dip buyer lost money. We are at the daily 20ema and missed the breakout price by 4 ticks. I think the odds favor the bulls to get another leg up and try 80 again. 5 consecutive daily bear bars is a bear micro channel and buying into this is a bad buy. Bulls will probably wait for more confirmation first. So best thing to do here is nothing. If the bulls get another leg up, I highly doubt they will get anything beyond 80, if they make it that far. The market would have never pulled-back that much in a strong trend. current market cycle: trading range - on lower time frames it’s also obviously a bull trend key levels: 73 - 80 bull case: Bulls have their do or die moment around 74. Below 73 this rally is over and we will aim for 67 much more than 80. A strong bullish daily bar could shift the momentum again and another try at reaching 80. Above the 4h 20ema and probably 76, this becomes a decent long again. I would wait for that confirmation before joining the bulls. Invalidation is below 73. bear case: Bears printed an endless pull-back down from 79.45 and the 4h 20ema was big resistance for the entire week. If bears just keep at it, we can continue all the way down from where we started end of December but if bulls gain momentum and go above 76, I doubt many bears want to hold short in fear of going to 80. Invalidation is above 80. short term: Neutral. I need confirmation for either side before I want to take a trade. The 4h and 1h is on the bear side and the daily looks still bullish enough for me to now want to get chopped around between 73 - 76. medium-long term - Update from 2025-01-19: Triangle is dead and market is now in a proper trading range with upside to 80 or even 85. current swing trade: None chart update: Nothing.
NYMEX:MCL1!
by priceactiontds
#202504 - priceactiontds - weekly update - sp500Good Evening and I hope you are well. comment: Bulls got another two bigger legs up which now makes it 5. Question now is, how likely is a continuation before a deeper pull-back? I do think Friday’s price action could have been the start of a wider profit taking by more bulls but until the bull channel is clearly broken and we have traded consecutive bars below the 4h 20ema, it won’t mean much. In the past 3 months we had very strong looking legs up, followed by deep pull-backs and we have not made a meaningful higher high since 2024-11-11. It’s reasonable to assume that we can hit 6200 before turning but I have big doubts about more upside beyond. current market cycle: trading range key levels: 5800 - 6200 bull case: Bulls made 140 points on the week with 5 clear legs up. Buying above 6130 is just bad no matter how you put it. Scalps ok but we have been in this trading range for 3 months now. Bulls want to print another ath and 6200 is the logical target. As long as the bull channel holds, they are favored and in control. Once we start closing gaps below again, more bulls will likely take profits. Invalidation is below 5790. bear case: Bears didn’t do much the past week but we are at big resistance again and shorts are great from a risk:reward perspective. The upside potential is probably limited to 6200/6300 but the downside is clear with 5800. For now you can only short this if you are willing to scale in higher, otherwise you have to wait for better selling pressure and a break of the bull trend line. Invalidation is above 6300. short term: Neutral 6100 - 6200, bearish below for 6000 and depending on how we get there, either wait for a lower high or we might continue down. medium-long term - Update from 2025-01-26: Ultimately 5200-5300 in 2025. For now we are stuck in a range 5800 - 6200. current swing trade: None chart update: Adjusted targets and added the current bull channel and two big gaps.
CME_MINI:MES1!
by priceactiontds
Light Crude Oil Futures (CL1!): Setting New LimitsWe’ve been patiently waiting for an entry at $58, but the market hasn’t reached our level. After reassessing the chart, we believe it’s now more profitable to play CL1! as a long following what appears to have been a fake breakout. Recent developments, including Trump’s declaration of a national energy emergency to “unlock the liquid gold under our feet” and prioritize U.S. oil and gas development, could bolster bullish sentiment in the energy sector. If our wave count is correct, we are currently in intra wave 2 of wave ((iii)). If this setup holds, a target of at least $115 seems achievable. We are placing our limit order and will patiently wait to get filled. Key Levels at the moment: Support Zone: $67.70–$64.40 Resistance Zone: $85–$88
NYMEX:CL1!Long
by freeguy_by_wmc
2025-01-23 - priceactiontds - daily update - daxGood Evening and I hope you are well. comment: Bull channel continues and we are at the top again. At this point it’s possible this spikes above the channel to print 22k. Wild to live through this tbh. 21700 likely next, bears need something below 21500 and then 21380. It’s beyond climactic and overbought. current market cycle: bull trend - blow-off top key levels: 21200 - 21700 bull case: Bulls are in full control. No one know’s where it stops. Look for longs. Nothing new to report. Channel is holding and we are just moving higher without much resistance. Nothing changed. Again. Invalidation is below 21300. bear case: Bears need to start closing the gaps. This also has not changed. The bullish channel lives and until we break out of it, there isn’t much to analyse. All of my bullish targets are met and this looks just like the climactic end but who know’s where it will stop… Bears have nothing to think about here. Way too early for any short. Invalidation is above 21700. short term: Bullish until bears do more. Trade the channel. medium-long term from 2024-01-23: Market hit 21600 and now it’s about being patient until we sell-off again. I won’t be picking tops again. I just wait now. current swing trade: None. trade of the day: Buying near the 1h 20ema as mentioned the last couple of days.
XETR:DAX
by priceactiontds
2025-01-23 - priceactiontds - daily update - oilGood Evening and I hope you are well. comment: Pretty much tapped out of this market at the moment. I thought it looked decent that we could bottom out at 75 but another strong spike down to 74.5 is wild. current market cycle: trading range key levels: 73 - 80 bull case: Bulls have their do or die moment at 73 tomorrow. Either bottom out or we likely see 70 next. The buying was so climactic upwards but now it’s the same for the selling. Tough market for me. Got honestly nothing for the bulls until they print higher highs again and trade consecutive 1h bars above 76.5. Invalidation is below 75. bear case: Bears just took this over from the high and we are selling every little rip. Amazing to see but I still think it’s tough to trade. I won’t turn bear now right at the 50% retracement and daily 20ema. Below 74 we could test 72 next and afterwards there is no more support until 70. Invalidation is above 76.5. short term: Either it finds support at the daily 20ema around 74 or it might es will just continue down to 70 again. medium-long term - Update from 2025-01-19: Triangle is dead and market is now in a proper trading range with upside to 80 or even 85. current swing trade: Nope trade of the day: Shorting 76 has been profitable since Tuesday.
NYMEX:MCL1!
by priceactiontds
GOLD heads for all-time record levelsOANDA:XAUUSD held steady near record highs on Thursday (Jan. 23) as investors awaited further guidance from the new Trump administration on trade policies and potential tax cuts. Gold prices remain near their highest levels since last October as investors consider the impact that President Trump's latest tariff threats against China and the European Union could have on with the global economy. OANDA:XAUUSD currently trading at nearly $2,752, $40 below its all-time high and up about 2% in the week to date. Gold was supported by safe-haven demand as investors weighed the new administration's stance on trade. US President Donald Trump has named China, the European Union, Canada and Mexico as potential import tariff targets, although there remains uncertainty about whether he will do so. Trump said he is considering imposing a 10% tariff on goods imported from China starting February 1. He also promised to impose tariffs on imports from Europe but did not provide further details. He had previously said that Mexico and Canada could face tariffs of around 25% on February 1. The Federal Reserve will meet next week as economic growth continues and inflation declines but faces uncertainty from the new administration's policies. The central bank is expected to leave the key interest rate unchanged at its next policy meeting on January 28-29. High interest rates reduce the appeal of non-interest-bearing gold, but with the current market context, the Fed keeping interest rates unchanged is not a potential pressure for gold to adjust significantly. European Central Bank policymakers unanimously backed further interest rate cuts on Wednesday, signaling that a rate cut next week is almost a foregone conclusion. will be implemented even as the Federal Reserve remains cautious. Analysis of technical prospects for OANDA:XAUUSD On the daily chart, gold corrected very slightly but now it has all the conditions for expectations to reach an all-time high. The main uptrend is reinforced by the break above the green price channel combined with price activity above the $2,750 level noticed by readers in yesterday's edition, along with that the Strength Index Relative RSI also shows that there is still room for price growth ahead. Currently, the upside momentum is being blocked by the $2,762 technical level and once this level is broken gold could continue to rise with a subsequent target at the all-time high of $2,790. As long as gold remains above the EMA21, and above the green price channel, it remains bullish in the short to medium term and notable levels are listed below. Support: 2,750 – 2,730 – 2,725USD Resistance: 2,762 – 2,790USD SELL XAUUSD PRICE 2776 - 2774⚡️ ↠↠ Stoploss 2780 →Take Profit 1 2769 ↨ →Take Profit 2 2764 BUY XAUUSD PRICE 2720 - 2722⚡️ ↠↠ Stoploss 2716 →Take Profit 1 2727 ↨ →Take Profit 2 2732
OANDA:XAUUSD
by Xayah_trading
2025-01-22 - priceactiontds - daily update - daxGood Evening and I hope you are well. nasdaq e-mini futures comment: Market went a couple of points short of the previous lower high 22111 but it probably won’t mean much. We are close enough that we can retest the ath now. There is a big gap even on futures down to 21700 and if that stay’s open, bulls can go higher. We have the big upper bull trend line that goes to around 22600, so this could be a potential target. Bears need to get below 21900 to turn the market a bit more neutral. current market cycle: trading range (obvious bull trend on lower time frames) key levels: 21800 - 22600 bull case: Strong buying through the day and then a melt-up on US open. Bulls are in full control and have their eyes on the ath 22450. We have two bull trend lines that should hold. One is very close to 21980 which will likely be broken during the Globex session and the next around is currently at 21780. Invalidation is below 21700. bear case: I don’t think bulls should allow the market to fall that much if they want a new ath. Either we keep the momentum going or we might go sideways here and print another lower high. Bears are not doing anything right now except some after hours spikes but they go nowhere. Tuesday night was decent but no follow-through and we have just melted since. First target for the bears is to get below 21900 again and then test the other trend line below us. Invalidation is above 22600. short term: Bullish after pull-backs. I won’t look to short this until bears have shown much more strength. medium-long term - Update from 2024-01-22: Let’s see if we print a new ath and what kind of reaction follows. For now I think we go much more sideways 20000 - 22600/23000. current swing trade: None trade of the day: Buying anywhere below 22000 was pretty amazing since first hour in Globex printed the low.
CME_MINI:MNQ1!Long
by priceactiontds
Wheat- In a Clean Resistance Zone, can it reach 542.00?Wheat is already within a critical resistance zone that has times before led to bearish reversals. In any case this area, marked by previous price rejections, could once again attract selling pressure. If bearish confirmation occurs—through rejection wicks, bearish engulfing candles, or a decrease in buying volume—we could see a decline toward the 542,00 level. However, a breakout above this resistance would invalidate the bearish outlook and suggest potential for further upward movement. So keep an eye on that. Wait for clear signs of rejection before considering short positions.
PEPPERSTONE:WHEATShort
by TrendDiva
3