AUDUSD BUY STOPAUDUSD is making lower Highs and lower Lows, it is in down trend but now it formed bullish wedge pattern RSI divergence. it will likely to change its up trend into up trend so place the buy stop order above LH
Harmonic Patterns
Xauusd buy confirm signal Gold stays in a consolidation phase after setting a new record-high of $2,790. US political jitters and Middle East tensions might continue to act as a tailwind for the XAU/USD. Traders keenly await the release of the US PCE Price Index before placing fresh directional bets.
Gold now buy 2780
Support 2790
Support 2795
GBPJPY - LongLooking for longs on GBJPY. After taking out the daily lows of this week it looks like GJ can continu it's trend up towards the weekly high.
78.6K is the next one to upsideMorning folks,
So, our " signal level" of ~68.6-69K has been broken and bullish setup has been set. Those who have used Stop "buy" entry orders should have good results.
Now the trading process is relatively simple. All that you need to do is to control 68.6-69K area. Because you do not want to see bearish reversal swing on BTC and drop back under long-term former resistance area again.
Other words, 68.6-69K is an invalidation point for current bullish action. So, if you intend to buy, you could consider 70.5K and 68.6K levels
AUDCAD broke downward channelAUDCAD on one hour chart has broken downward channel, rsi shows bullish divergence price has printed higher high currently price has taken a correction good opportunity for buying at current levels.
GBPCHF Nearing Completion of Bearish Harmonic PatternGBPCHF Nearing Completion of Bearish Harmonic Pattern
Today, the economic calendar was empty, yet GBP displayed unusual bullish moves.
Considering that the price is near a strong zone where it has been rejected several times, the odds are that GBPCHF may move down again.
If the pattern completes, the price could drop from 1.1300.
However, given CHF's long-term strength, it's possible the price might decline even before the pattern's completion.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Gold Futures Near the 2,800 USD MarkGold prices reached a peak of 2,788.89 USD/oz on October 30, fueled by U.S. election uncertainties and expectations of a Fed rate cut.
Gold is surging, approaching the strong resistance level at 2,800 – a “wall” that could halt the rally and trigger a pullback.
On the other hand, support levels at 2,747 and 2,717 are ready to act as “fortresses” if prices retreat to these levels.
A smart strategy is to wait for the price to hit resistance for a potential short, or to buy at support, capitalizing on a possible rebound.
Don’t forget to set a reasonable stop-loss – in this game, a single slip could shift the entire market landscape!
EURUSDYou can take entry in EURUSD from these Areas
sl and Tp are mention
Follow the Risk Managemnet
15m TF
IMAGE, Bullish RectangleBullish Rectangle
Inverted Bat Formation
Reversal from Rectangle Top at PRZ of Bat
Now making new bullish leg
Buy at Retracement
Buy Level 13-14
Target 17-17.50
SL 12.50
Buy on Bullish Closing above Rectangle
Btc / Usdt liquidity zonesHello guys in you want to get a short position so wait till price reaches to 73400$ level that shown for you
So if you want to get a long position AGAIN wait till price reaches liquidity around green line
Market is about liquidity nothing else
PATIENCE is key
gbpusd buygbpusd is now at is support area on both trend line support and the horizontal support line that has previously acted as the resistance line... so the level is very important for bounce... as the dxy has previously made a bullish rally without any major retrace . so the majour retracemnt will help the gbpusd to go upto our target ares.... inshallha this trade will make a handsome profit with expected move as mentioned.... stay tuned
CADJPY is BearishPrice was in an uptrend, however a bearish divergence seems to be at play on four hourly time frame, previous higher low is broken successfully. If the bears continue to exert pressure, then we can expect a bearish reversal as per Dow theory. Targets are mentioned on the chart.
XAUUSD, 15-MINUTES TIMEFRAME CHART XAUUSD, 15-minute timeframe chart
General outlook
XAUUSD has been trading side ways within the last couple of hour.the pair moved 2770-2788
Possible scenario
The best way to use this opportunity is to place a sell limit order at 2,788.
Set your stop loss at 2,795. below the previous low ($8.00 loss for 0.01 lot) and take profit at 2,768. ($20.00 profit for 0.01 lot).
The risk-reward ratio for this order is 1:1.
Ethereum (ETH): Rejection From Resistance!Since yesterday we had a nice touch to the upper resistance zone, where after that sellers showed dominance and price got rejected.
We are now looking for a few candles to show us further sellers dominance, giving us final confirmations of a good downward movement.
RSI has started a nice downtrend and Bollinger Bands has stabilised as well, ready to fall.
Swallow Team
#Solana #SOL price is holding up better than #BTCCRYPTOCAP:SOL is holding up better than CRYPTOCAP:BTC
At least this conclusion can be drawn from the behavior of the assets in Q2 2024.
While #BTCUSDT price is being adjusted, #Solana buyers have managed to repel sellers' attacks 4 times over the past 3 months.
So:
1️⃣ as long as the #SOLUSDT price is trading above $120, this is a "long picture", perhaps even with sky-high targets of $650+
2️⃣ consolidation of the #SOLUSD price below the "red zone" can stimulate a good shedding to $90, and maybe even to $70
(maybe #FTX liquidators will find a large CRYPTOCAP:SOL "stash" and decide to sell it... and the crypto media will blow this event out of proportion, or something like that...)
So, what are your expectations for the #SOLUSDC price by the end of this year?
NIFTY VIEW FOR COMING DAYSGuess what the H&S is still in the making and the ones who believe that it's over can take a look at this. I don't think any explanation is required here, if anyone has queries can drop them in the comment box
NIFTY_2024-10-31_13-28-47.png
USDCAD -Bearish ReversalUSD/CAD is poised for potential bearish movement. A critical level to monitor is the previous higher low; a break below this level would confirm a bearish reversal. Additionally, the presence of divergence on the chart, coupled with a break of the trendline, reinforces the bearish outlook. This suggests that the bullish momentum may be weakening, opening the door for sellers. Traders should keep an eye on these key levels for potential trading opportunities.
AMAZON EXPANDSThe national football league and amazon web services recently announced an extension of their long -term partnership. SINCE 2017, the NFL and AWS have been at the forefront of innovation, leveraging AWS'S artificial intelligence and machine learning services to shape the future of the football. Amazon FRESH has also introduced new grocery savings for its prime members shopping in store and online at amazon fresh: a new private label brand that offers great value for all their customers." We are always looking to make grocery shopping easier, faster and more affordable" said CLAIRE PETERS, the vice president of AMAZON FRESH worldwide. Besides the good news of this stock we can see it has formed a w pattern signalling a buy and will continue to buy. GOOD LUCK
GBPUSDHello everyone!
I was quite surprised by the GBPUSD movement yesterday when there was a double-sided sweep and it is currently at 1.2966.
But! Looking more objectively on the 1-day timeframe we can see that GBPUSD is being squeezed at the upper limit of the ascending channel and the breakout from the previous support is putting pressure on the pair.
In the short term, I still favor selling targeting the lower part of the ascending channel at 1.2700.
Good luck
XAU/USD Intraday Trading Plan: Key Price Levels and Scenarios1. Immediate Key Price Levels
Primary Resistance (2,790.115): This is the near-term resistance level to watch. Price approaching this area without breaking it could signal a potential short setup. If broken with strength, this level may act as new support.
Point of Control - POC (2,782.227): This level is today's pivot point due to high trading volume in this zone. Price holding above this level suggests bullish sentiment; a drop below signals potential bearish control.
Secondary Support (2,773.665): This is the critical support level in case of a downtrend. If price reaches this area and holds, it may provide a buying opportunity; however, a break below indicates strong bearish momentum.
2. Scenarios for Today
Scenario 1: Bullish Breakout (Continuation)
Trigger: Price breaks and closes above Primary Resistance (2,790.115) with increasing volume, indicating buyers are in control.
Target Price Levels:
Short-Term Target: 2,795.051 (minor resistance from Fibonacci level 0.272) as the initial upside target.
Extended Target: 2,803.705 (High Invalidation Point for Wave 5) – this is a major resistance level with possible volume divergence. It is crucial to monitor volume here, as lower volume at this level could suggest an imminent pullback or trend reversal.
Stop-Loss: Set below 2,782.227 (POC), since a move back below this level would invalidate the bullish breakout.
Invalidation Point: POC (2,782.227) – a drop below this level may indicate a false breakout.
Scenario 2: Reversal at Resistance (Bearish)
Trigger: Price rejects near 2,790.115 (Primary Resistance) with weak volume, indicating that sellers are stepping in.
Entry Point: Initiate short positions near 2,790.115, ideally after observing bearish candlestick patterns or volume declining near this level.
Target Price Levels:
First Target: 2,782.227 (POC), where price might find some support. Partial profits could be taken here, as POC often serves as a consolidation zone.
Secondary Target: 2,773.665 (Secondary Support) – the next significant support level below the POC.
Stop-Loss: Above 2,803.705 (High Invalidation Point). If price surpasses this level, the bearish reversal scenario is invalidated.
Invalidation Point: A confirmed break above 2,790.115 would indicate potential upside continuation and invalidate this short position.
3. Additional Key Terms and Concepts
Volume Divergence: Monitor for volume divergence at the 1.236 (around 2,802) level, as this could indicate reduced buying interest and signal a potential reversal.
Break of Structure (BOS): If the price breaks below POC (2,782.227), it signals a BOS (Break of Structure), favoring bearish momentum. This would confirm a downtrend for the rest of the day.
Inducement Wave 3: Part of the current wave structure suggests an inducement, which might attract buyers at Primary Resistance only to see a potential reversal if it fails to break.
Point of Control (POC): This is the area with the highest traded volume (2,782.227). If price holds above this level, it acts as a bullish pivot point, while a breakdown signals bearish sentiment.
4. Summary of Today's Plan
Bullish Bias if price breaks and holds above 2,790.115, aiming for 2,803.705 as an extended target.
Bearish Bias if 2,790.115 is rejected, targeting 2,782.227 (POC) initially and 2,773.665 (Secondary Support) as an extended target.
Risk Management:
Tight Stop-Losses: Use key levels such as 2,803.705 for shorts and 2,782.227 (POC) for longs to manage risk.
Volume Monitoring: Pay close attention to volume behavior, especially near resistance and support levels, to gauge the strength of any breakout or rejection.
ES1 1W Bear ABCD Ext harmonicThe Bullish 5-0 pattern which has been at play over the last few years has finally run its course to price target at 1.272 extension. A bearish ABCD Extended pattern has formed recently, with retracement, but has reversed out of the prz and should drop rapidly to ABCD point C ~4350. This coincides with active bear deep crab harmonic on NQ1! (see prev post).
This is a Weekly chart intended to show trend reversal and swing trading at key pivots--not for intraday.
Bitcoin (BTC): Liquidity Hunting Near ATH / Huge Moves IncomingBitcoin has had rather a calm movement after that bigger push to ATH zone (which, btw, we did not touch yet).
Now that's where it will get interesting, We are in the monthly candle closing currently, which, combined with being in the ATH zone + an upcoming election, is just a huge zone of manipulations and liquidity huntings.
Now we are still looking for a good correctional movement to come and we will have it either here or after a smaller expansion to upper zones (might even be a liquidity hunt, which would be normal at this state).
Swallow Team
