XAUUSD - Price Action - Today's Key Zones - London/NY SessionToday's potential trades for #XAUUSD - OANDA:XAUUSD
It's around 60 pips between today's support/resistance zone. If there's no break out, we may have to trade within this range.
If there is a breakout of today's support/resistance zone, it will come at these levels.
📈Potential Buys on close above 1907.84
📉Potential Sells on close below 1904.13
Once the price has closed above/below, we will look for an entry on a smaller timeframe.
Our targets for today:
Buys:
Close Part of your trade at 1911.03 and set SL to BE (or at around 20-30 pips)
Close Full at 1914.51 (or at around 70 pips)
Sells:
Close Part of your trade at 1898.07 and set SL to BE (or at around 20-30 pips)
Close Full at 1893.87 (or at around 110 pips)
Happy trading all 🤑
Keyzone
trade idea for US100 trading in a key levelsprice is currently between a zone breakout frm it will decide the direction of the price .
trade account to ur rr plan
zone already marked in a chart
EUR/JPY: bullish momentum to the upsideEuro/Yen Japanese it's look bullish in this side. Right now, we see that EUR/JPY made this break-out of this little symetrical triangle and then, we would need to hope a possible pull back at $134.28 JPY what it's recommend to add an alarm in that price $134.28 JPY to being informed when price hit the alarm. So, from this perspective I see a long position.
This it's the H4 timeframe and we see a long position what EUR/JPY could to make reaction to $135.78 JPY
And to watch, in Daily timeframe we have a key zone of demand in this yellow zone around $133 JPY with possible chance to go up.
I hope that this analysis support you!!!
BTCUSDT two key levels to watch!The price is testing the first support of the ascending change, where the price created a nice daily candle with a false breakout and hold the 40k support.
In 4h timeframe, the price is going to create a descending channel below the weekly resistance.
Now we need to monitor two levels, the weekly resistance for a long scenario and the daily 4h support for a deep retracement.
So how to approach it?
IF the price is going to have a clear breakout from the weekly resistance (above 42k ) we could see a new bullish impulse on 45k, otherwise if the price is going to lose the 40k, the next valid support is 1.13 Fibonacci Ext, 37k
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
BTCUSDT is testing the key level! On the upper chart (weekly timeframe) the price is testing the previous weekly resistance as new support, 0n 0.5 - 0.618 Fibonacci level.
The current Weekly candle needs to close above the weekly structure.
On the daily timeframe, the price is creating a channel between the monthly structures (32k and 48k)
on the 4h timeframe, the price is creating an ascending channel and the price is testing the 0.786 Fibonacci level on the weekly support.
How to approach?
The price is in a key zone.
If the price is going to hold the weekly support we could see a bounce until the previous daily resistance on 44800, where the price has the M's neckline.
Otherwise, If the price is going to lose the support, the next Valid support si 40k
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
ADX breaking out!ADX sitting on strong support zone and now breaking out from triangle on 4H chart. Keep ur eyes on ADX. Goodluck!
AUDJPY short setup OANDA:AUDJPY
Hey guys , how u doing ?
So here we're with AUDJPY in 4h and 1h timeframes ,
in long term (daily) price is moving in an uptrend , but in the short term it's a down trend
the yellow zone is a key zone found by price action and fibonacci
if the momentum becomes weak near to this zone , after confirmations we can enter a short position .
what do you think ??
EURUSD ST= short LT= longI do certainly believe that EURUSD, with the help of raising DXY, can go bearish in the following 3-4 weeks. However, long term EURUSD is bullish, and in a positive trend channel. On Daily, rsi is increasing but it has been a little weak last 3 days, on 4h RSI is decreasing.
I'm looking towards a short-position and transfer it to a long position at 1,195. What do u guys think? :D
USDJPY SELLThis week I am looking for a sell on USDJPY because price is under the 200 ema. I think price will make a head and shoulder kinda move and retest supply at 1.56000 if price gonna break support at 1.53800 I will look for a sell or wait for a retest at that key level.
I hope you all have a good profitable week!
GBPAUD: AnalysisPrice is about to test a very respected key zone again, which every time it has reached the zone price wasn't strong enough to hold over. The only way i would consider buying is if price engulfs over the other highs i've circled and closes. As of now i'm leaning towards selling after price makes its way up to the key zone and starts retracing down to 1.80000.
Any feedback would be appreciated!
XRP/USD: SHORTGoodmorning traders!
IF this candlestick engulfs and closes under the candlestick I've circled and also under 0.25000 i will enter a sell. Also every time price closed under the green structure price kept falling until it hit another key zone, eventually price will test the support line of the ascending channel. if price heads back up from here it was testing the psychological level 0.25000 and price will just go back to the consolidation zone and continue consolidating.
Bitcoin Price Action ExpectationsHere’s some insight into Bitcoin, as you can see on my graph we are currently squeezing into a wedge which is generally a sign for a large price movement incoming. My overall bias on Bitcoin is to the Upside, seeing that the majority of markets are over inflated at the moment, Bitcoin most definitely has room to grow. As a technical trader, I have illustrated 2 Scenarios I expect to play out. Scenario 1 - If we find new support at the green highlighted zone ($10’500) we are more likely to break the wedge to the upside and could look at testing $11’800 - $12’000 very soon.
Scenario 2 - However if we fail to find support will likely break the wedge downwards and an attempt to break the $10’000 Orange support could be on the cards. Either way we will be sitting on the sidelines and awaiting a high probability trade set up for a Buy. I will update you as the Price Action presents the insight. - Liam
THE BITCOIN BULLS ARE BACK...BTCUSD has just broken & closed over a strong Daily Resistance zone. That was one of my key zones to watch out for. Predicting bullish movements if bitcoin fails to retrace or reject new price. I'm currently waiting for a confirmation to place order. What are your thoughts on Bitcoin? Post your Analysis Below..