AUDUSD BUY - High probability tradeHi Everyone, it's been a while but I'll slowly get back at posting my trading ideas here.
Today's setup is on AUDUSD.
AUD has had a good rally with the US Dollar weakness, which is currently retracing and reaching a key level.
My Setup takes into account the 50% Fibonacci retracement as well as 0.65200 area of previous resistance that could be tested as a support to continue to move price up!
I'm placing my stop loss below the Order Block that broke recent structure - in case the market does not respect that level, this setup will no longer be valid and we should look for another opportunity.
However, I think this is a great trading idea with added confluences!
Let me know your thoughts!
Good luck!
Cheers,
Gaspar_Trader
IDEA
Gold trend ideas of todayToday is Thanksgiving Day, so gold prices will not fluctuate significantly. According to technical analysis, the H4 stochastic is decreasing, the H1 stochastic has also entered the overbought zone, so today we will surf to make good profits.
TVC:GOLD SELL 1995-1997
TP1: 1990
TP2: 1987
SL : 2000
TVC:GOLD BUY 1985-1983
TP1: 1990
TP2: 1993
SL : 1978
AUDJPY | COULD BE A GOOD BUY OPPORTUNITYHey Traders!
Broke out a recent wedge, I believe we could have a nice bullish rally to the next area of resistance market in white lines on the charts. JPY banks are closing for a bank holiday I suspect some power in other currency pairs against JPY. JPY is also on an 52 week low in the futures COT data.
XAUUSD : TODAY'S GOLD TRADING STRATEGY The movement in the precious metal comes amid global economic sentiment hit by a weakening US dollar and speculation about a more dovish policy stance by the Federal Reserve. The Comex gold market has been fueled by these expectations. According to forecasts from CME's Fedwatch tool, there is about a one-third chance that the Federal Reserve will begin cutting interest rates as early as March of next year, with the balance expected by the end of 2023.
Further affecting market dynamics is lower-than-expected US bond yields, which are currently lower than Fed interest rates. What's different is that this has brought up discussions about the possibility of demonetization in the near future. Adding to the global economic story are China's pledges to argue for fiscal measures to strengthen the economic recovery. These solutions are spearheaded by the initiatives of Finance Minister Lan Fo'an.
However, the cautionary tone was also struck by Richmond Fed President Thomas Barkin, who warned against a slow assessment of the timing of the cake that could require prolonged high interest rates.
GBPAUD | COULD BE A GOOD SELL for now..Hey Traders!
I believe GBPAUD has good potential for bearish pressure, The recent 15-minute head and shoulders pattern was broken typically meaning further bear momentum, however its also sitting at a 4h h&s neckline, if that breaks then very good confirmation for shorts, but there is a possibility that this gets respected and it will pullback.
First, take a profit of about 20-60 pips, manage risk accordingly.
EURUSD trading strategyThe euro to USD exchange rate increased 0.06% at 1.0946. The dollar fell to its lowest level in more than two months, falling deeper than last week as investors largely believed that the Federal Reserve The state has completed its rate hike cycle and is looking ahead to when it might begin cutting interest rates. According to CME's FedWatch, the market is currently trying to determine when the Fed might begin cutting interest rates and is currently pricing in a more than 50% chance of a cut of at least 25 basis points in May. Joseph Trevisani, senior analyst at FXStreet.com said that credit, equity and currency markets are convinced that the Fed has completed raising interest rates, but the Fed is not yet ready to say so. Therefore, the greenback is gradually weakening, simply because the Fed is trying its best to decide to raise interest rates.
XAUUSD: Gold trend todayThe h1 stochastic frame chart has reached the 97 superbought zone, while on H4 it is stochastic
There is a return but the momentum is not strong, the histogram is also getting shorter, on the daily chart
Stochastic has reached the overbought area but the histogram is still short so today our strategy is the main SELL
OANDA:XAUUSD SELL 1990-1992
TP1: 1985
TP2: 1980
SL : 1996
EURUSD | COULD HAVE A PULLBACK? SELLHey Traders!
Okay this trade is against the overall market trend which is typically bad news, however we are sitting a important monthly pivot line 1.09434 in combination with the overbought RSI + the recent bearish harami candlestick formation. I believe should have a pullback towards the 20 MA which is around 60 pips, if that breaks then surely it will drop further down. 📈✅
Since its a reversal trade, I would lower lot size, because the risk is always higher when trading pullbacks.
Bitcoin pullback setup for short entryNothing all too technica l besides the overextension that we have seen. Mostly a short-hunt in my opinion.
I am mostly founding this short on the recent performance BINANCE:YFIUSDT had.
For those who are new, YFI is a genius-shitcoin that once was deemed to be the next btc I guess?
AFAIK there were no recent developments / implementations made but I stand to be corrected.
50% gain in this short period seems just too much eh?
Perhaps it is a bit more overextended compared to BITSTAMP:BTCUSD but in a more distilled way. Shitcoins like this paint a perfect picture of the human greed and we can sometimes use them as refrences.
TP's really arbitrary, yet I am following a close line around the ascending diagonal line cause it might act as a support.
EURNZD | THIS COULD GO FURTHER UPHey Traders!
I believe this trade can re-test the previous resistance about 30-40 pips away, if it manages to break it then it will likely continue its bullish trend. Strong 4h lower shadow suggests that buyers are still in the market. Overall market trend is also bullish. EUR is being bought and Swiss is on a 52 week low. ✅📈
EURAUD | COULD BE A GOOD BUY Hey Traders!
EURAUD could be a good buy, it broke out daily triangle pattern, and has not yet finished reaching the previous inverse head and shoulders take profit level.
I believe this + the overall market direction of moving averages will take this trade further to the upside.
As always first take profit should be around 20-30 pips then manage according to the current market sensitiment.
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Bitxer's SOL/USDT Analysis - Spot On🌟 Bitxer's SOL/USDT Analysis - Spot On! 💥📊
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SOL/USDT's recent movement aligns perfectly with Bitxer's analysis.
As anticipated, SOL/USDT hit the projected mark at 66.52.
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AUDNZD | COULD BE A GOOD BUY OPPORTUNITYHey Traders!
I believe AUDNZD is a great buy for several reasons.
- Overall market direction is bullish.
- 4h Falling wedge for minimum 20-30 pips take profit
- Hedgefund are increasing buying power for AUD while selling off NZD
- Candlestick are above 2 important moving averages.
- There's space for bullish movement until it reaches the first barrier 1.08731 if broken, it will surely continue its bullish momentum further.
CHFJPY | COULD THIS BE A GOOD BUY? Hey Traders!
The market recently had a strong rejection back to the previous area of sensitivity Although it's not yet certain I think it will hold and should be re-testing the previous area of resistance. Overall market direction is bullish.
About 20-30 pips should be your first take profit, manage your risk. Good luck!
GMT/USDT Long: Seizing the Bullish Momentum! 🚀💹Certainly, here's a message for TradingView with emojis and the name "bitxer":
🚀 Bitxer's Trade Alert 🚀
Symbol: GMT/USDT
Position: Long
🎯 Targets:
1. 0.2063
2. 0.2246 (Best Entry Point 🚀)
3. 0.2349
🛡️ Stoploss: 0.1967
📈 Analysis:
GMT is currently in its demand supply zone and appears poised for a bullish run. The best entry point is at 0.2246. However, please exercise caution and consider your risk management strategy and account wallet size. You may choose to allocate 30% to 40% of your capital for this trade.
Remember, only invest what you can afford to lose, and keep a close eye on the market for any developments. Happy trading, Bitxer! 📊💰👍
Bitxer's Long Play: MKR/USDT - Ride the Upside Wave! 🌊💹📈 **Bitxer's Free Trading Signal Alert!** 🚨
**Symbol: MKR/USDT**
**Position: Long**
🎯 **Best Entry Point:** 1319 (Entry before also viable)
🚀 **Targets:**
1. 1319
2. 1342
3. 1363
4. 1376
5. 1406
⛔ **Stop Loss:** 1279
💼 **Trade Tips:**
- Utilize low leverage and keep wallet size conservative.
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BTC Breakpoint Alert! ⚠️ Watch for the Dip and Rise. Time to Tra🚀 **Crypto Update! 🌙📈**
$LUNA2/USDT is on the rise, offering potential for scalping gains. Meanwhile, keep an eye on BTC! If it breaks below 35,000, a dip might be in the cards, possibly followed by an upward trend between 1:45 AM to 3:45 AM Pakistan time. Exercise caution, manage your risk, and trade with care. Embrace the Bitxer analysis experience and enjoy the journey! 📊💹 #CryptoInsights #TradeSmart
Ride the Waves: GAS/USDT Short Position Signals 📉🚀 #CryptoAle🚀 **Crypto Signal Alert!** 🚀
**Trading Pair:** GAS/USDT
**Short Position Targets:**
- Target 1: $20.668
- Target 2: $16.940
- Target 3: $11.916
- Target 4: $7.510
- Target 5: $5.570
**Stop Loss:**
- Set at $41.121
**Wallet Usage:**
- Utilize 30-40%
**Risk Management is Crucial!**
Enjoy these complimentary signals! 💰📉 Make informed decisions, and may the market be in your favor! 🚀✨
STORJ/USDT Alert: Double Bearish Pattern! Exercise Caution. 🚀🐻📉 **Crypto Insights: Unveiling Storj/USDT's Double Bearish Pattern! 🐻📊**
Attention crypto enthusiasts! 🚨 A potential double bearish pattern has emerged on $STORJ/USDT. 📉 Before diving into the bearish waters, conduct your analysis for confirmation. Remember to implement risk management—set a stop loss at 0.95. Opt for low leverage and minimal risk to navigate this trade securely. 🚀✨ Enjoy this unique analysis with Bitxer, and may your trades be both wise and prosperous! 💹📈 #CryptoAnalysis #TradeWise
LRC/USDT Signals Sparking Interest! Spot or Future Buy? 🌐💸 🚀 **Crypto Signal Alert!** 🚀
$LRC/USDT weekly and daily candles seem primed for a potential pump! 📈 Considering a buy? Well, it's up to you—whether it's in the future or spot, it's all about your happy mood and risk management. We're here to share experiences and ideas. Enjoy these free signals, and may the markets bring you joy! 🌟💰 #CryptoTrading #SignalAlert
USDCHF | COULD BE A GOOD SELL TRADE? Hey Traders!
I believe USDCHF has a good chance to fall further it's currently sitting above the daily 200 moving average, crossed the 20 on the 4h, if we see the squeeze pattern break to the downside it will continue its strong bearish trend. We also have a previous rising wedge and H&S pattern not yet touched, which could have some weight on top of the overall analysis. 📈✅
Manage your risk accordingly, I would say every 20 pips take some money, and adjust SL as needed per your strategy.
EURGBP SELL | Day Trading Analysis Hello Traders, here is the full analysis.
Watch strong action at the current levels for SELL. GOOD LUCK! Great SELL opportunity EURGBP
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