100k might start wave 4 of 5Hi all, what an exiting time to be part of crypto. BTC is putting in all time new highs almost daily at the moment, it's incredible to watch. This chart shows that hitting 100k might end the gorgeous wave 3 of 5 we've been having of late and plunge is into a wave 4. Not to worry, if this happens this will be a lovely buy dip as wave 5 will be owed at this point. Don't forget, this 1-5 impulse is only wave ONE of FIVE of a higher degree of trend so there's plenty more up to go as yet. Follow more more.
Highs
EU D Buy Idea 5/18/24Overall price is still bearish on the monthly and weekly, EU appears to be making a run to go bullish for a bit. Price has currently broken the Daily High from 4/8/24 BUT is bumping against a bearish weekly trendline.
The Daily has made a nice impulse and is more than likely finishing up a correction to go into a bullish continuation. Price is a good 88 pips from the last daily high. So I'd look for price to final TP around 1.11050.
If I had been trading EU last week, based on my confirmations, I'd currently already be in buys, so that leads me to believe that there is still some more bullish movement to be had in the upcoming week.
However, if the correction continues bearish I'd look for price to run to somewhere around 1.08643 with a final TP around. 1.08591.
**This is for educational purposes only and this is not financial advice because I am not a financial advisor.**
Copper Extends Gains to Two Year Highs Prices rally around 15% this month and break another threshold, hitting the highest levels in two years. The advance brings the record peak of 2022 in the spotlight (5.041) and given the improved supply-demand dynamics, that level looks within reach.
There is optimism around increased need for the non-ferrous metal due to the green energy transition and the recovery of the chip industry, largely fueled by the AI boom. The recent data from China – one of the world’s top consumers - also helped, as GDP rose more than expected in Q1. On the supply side, key mining companies have cut their 2024 production forecasts, while Chinese smelters have reportedly agreed to lower their output.
On the other hand, China’s post-pandemic recovery is bumpy and its critical property sector still in distress. The US economy is strong, but the recent preliminary GDP offered a warning sign and sticky inflation raises the bar for looser monetary policy. On the technical front, the RSI is overbought and Copper may be ripe for a pullback. However, daily closes below the EMA200 would be required for the bullish bias to halt and that looks like a toll order, while the downside appears well-protected.
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Past Performance is not an indicator of future results.
NAS100 29/10/23N1 giving us what we wanted to see from Wednesday, leaving us in the right position fort this week as we look to follow this pair short if the current range continues to give us strong bearish moves. after open we are watching our highs to see if we can catch this lower move before we hit our swing target.
Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan.
We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
Basic Understanding of Market StructureWelcome to the Game Of Resilience .. Structure is the King structure tells everything that you can go for buy or sell trades . sometimes structure will confuse you too so understanding the structure is some what tricky point all over the internet because everyone have a different perspective so coming to the point just this post is to understand the basics of what is market structure and what strong highs and low .
NZDJPY, Retracement to gain momentum for buyersNZDJPY is looking to continue its growth after a short term retracement retesting the 84.50 level. As you can see price has created multiple higher lows indicating a bearish run may not be likely at this moment.
Price impulsively broke out of the upper trendline of a reversal structure surpassing previous highs which we should see further upside after a short pull back.
Be patient with your entry, ensure your criteria for entry is met.
Thanks
Trade Safe
xauusd gold analysis second week of december 2022Hello fellow traders and gamblers,
The areas highlighted with the rectangle box are gaps which have to be filled in the upcoming months.
Upon doing research and countless hours of studying, 2023 will mark the year of recession and gold rallying to new all time highs. This is evidenced by the 2007 crash which saw gold rally to new highs by 2013. We are following the same trend which started from late 2019 prior to covid outbreak. We are getting into the 4th year and gold has yet to set a surprisingly new all time high way above 2070.
I cannot tell you which way the market will go but you can see in the chart is liquidity points which institutions and banks have bought and sold from.
Good luck!
Could we be going to test a high structure from 2016???We have not been to this zone since August 2016, and right now there are no structures to the left to stop us from going there. Ifwe get a bigger time frame retest, we could push there before the end of this week. If we get there and break it, we will go up even further. GJ is now pushing up as aggressively as USDJPY is, which is currently breaking record highs.
BTC Long Term And Short Term AnalysisBTC LONG TERM - On the 4H BTC is making lower highs I can see it going down to about 20500 then put in a higher low on the daily for more upside i want to see a close above 22800 on the 4H
BTC SHORT TERM - On the 30M it could get up to about 21300 but the volatility is very low so we could see a big move coming if the volatility expands while it's going down then we can see more downside.
BTC OVERALL - For today I can see it going up to about 21300 before we see more downside.
AUDNZD I Short-term Buy & Strong Sell ComingWelcome back! Here's an analysis of this pair!
**AUDNZD - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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AUDJPY I Headed Downward Welcome back! Here's an analysis of this pair!
**AUDJPY- listen to video analysis.
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CHFJPY Short Welcome back! Here's an analysis of this pair!
**CHFJPY - Bearish breakout and strong rejection at key level. Targets 132.76, 55, and 131.00 swing.
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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CADJPY Analysis Hello Traders! CADJPY is near the highest levels since 2015. The pair could reach as high as 95.00 area. We'll be monitoring for rejection of the trend line resistance and will short if all our rules apply. Targets are 94.40, 94.00, 93.00. What do you think? Let us know in the comments and please support this idea with a "like" if you find it useful.
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Market Structure Tips Analyzing trends and price changes are two very important things traders focus on to gain profit. Trends allow traders to predict future prices and how they would change.
Two types of trends that exist in the market today are uptrends and downtrends.
Each type of trend tells a different story and has its own impact on a traders success in the market. While uptrends show a series of higher highs and higher lows, downtrends show lower highs and lower lows.