Long-short
DJI : Make or Break?- DJI is currently encountering strong resistance at 34500.
- The psychological significance of this resistance level adds to its importance.
- This could be one of those, Go Big or Go home scenerios
- In case the resistance holds, a potential psychological support level at 33000 may come into play. The support trendline intersects at a similar level.
What is your take on the price action of DJI? Feel free to comment. If it helped, Do Leave us a boost 🚀
Disclaimer: We are not registered advisors. The views expressed here are solely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. We like everybody else, have the right to be wrong :)
NZDCAD - 📈 => 📉Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
As per my last analysis (attached on the chart), NZDCAD rejected the lower bound of the red channel and traded higher.
What's next?
📈 NZDCAD has been overall bearish, trading within the falling channel in red.
At present, NZDCAD is undergoing a correction phase, trading within the short-term rising channel in blue, and it is currently approaching the upper bound of the channel.
Moreover, it is retesting a strong resistance zone in green.
🏹 Thus, the highlighted red circle is a strong area to look for buy setups as it is the intersection of the green resistance and upper trendlines.
📚 As per my trading style:
As #NZDCAD is hovering around the circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
The trend is your friend..The current trend is very bullish. Fundamentals playing a role. Gold remains a safe assets during wars. In my last analysis i notified the montly timeframe were we cuyrrently broke out the major ranging market. It is posible that we will stay in a bullish trend for longterm with targets 2400 and 2500 in the long run.
Priceaction remains important. Selling can become a losing strike very easily. But this doesnt mean we can't sell the market. We should pay attention to priceaction. Proper reversal pattern can give indication the trend is reversing. But be cautious with selling, because with every pullback we can see a very strong bullish momentum in return. Buyin the lows seems more reasonable in the gold market. Wait for proper confirmation to take any trade. SElling or buying.
>The arrows are not a signal. But a posibility<
resistance: 23,49, 2364, 2400(psycological)
support: 2342, 2331, 2321
Possible SELL off zone XAUUSDGolds moved crazy in recent weeks. Currently watching for some sort of pullback.
Although ATH has been created, with the slowing strength of the dollar we may see some correction on gold through the rest of March.
I would like to target some sells back down to this corrective level, I predict that current area and the OB present may be a good time to sell.
A nice 1:5RR with 1% risk will be ideal, something I will confirm with in soon date.
Cheers
Two possibilities in BTC, A OR B?We are at a point where we are seeing lot happening in few days. Some say its good for BTC, some say its bad.
I think there are two possibilities present in market (some will say that's always the case, right! But here me out here)
I think this is a breakout, I also think this will be last breakout in BTC's life on upside, but before BTC completely dies out, its still possible to hit previous all time high.
GOLD, big things are taking placeWelcome everyone,
GOLD made a lot of weird moves in the past weeks and is still not showing a clear direction at all. Beside the strong bullish trend, there was a massive sell of from the ATH and we are close to an important decision. As you can see in orange the price tested the upper boundary of the consolidation range for the 4th time and got rejected, but it's back for another attempt.
To make clear why this is important:
The consolidation took years and the price range is massive, a break above 2080 would open a lot of new higher targets and a significant bull run should start from there.
On the other hand a rejection and sell of below 1980 should send the price lower in a 2nd wave according to the elliot wave theory, which price targets would be 1920,1900 and even 18xx levels.
I will keep this idea updated, so if you like to follow, welcome here :)
Analysis of gold in the 1-hour timeframe 📈Gold formed a beautiful ascending triangle in the one-hour timeframe and managed to break above its price to 2141 📈
We have a strong and important resistance zone at 2142 - 2148 where we may experience good selling opportunities.
Furthermore, gold is currently coming down towards the support at 2120. If this support holds and doesn't break, we can go long with a short-term target at the resistance level of 2142 - 2148.
However, in case this support level breaks, we can expect a price decline towards the support at 2088. 📉
#BTC #Bitcoin #Scalp #Short #Long #Setups 2/2 #Positions #Eddy #BTC #Bitcoin #Scalp #Short #Long #Setups 2/2 #Positions #Eddy
I added 2 scalp trades to the previous trade, it's a shame to lose the volatility ;-)
Previous BTCUSDT.P Setups :
(( It's About Trading Range, What you think about my setups guys!? ))
Related Relevant Analysis of Bitcoin : (( BTC/USD )) : Check Link :
My #Analysis of #USDT "Tether Market Cap Dominance" from the link below :
TOTAL - Sideways for a yearIdk, it looks nice like this.
And because i should write something more not just that vague text at the top ... I'm writing this so I have enough characters, lol.
Anyway. Let's see how market will develop. I mean making prediction on monthly chart is beyond technical analysis.
GBPAUD BUY BIASWeekly: Bearish, Rejection from major weekly resistance 198.550, Failed retest of Head and shoulders pattern price closed above the right shoulder, recently mitigated ob 1.98550, Made a Double bottom pattern at daily supply zone 1.86550, Unmitigated ob at 1.87625, Bearish rejection candle at daily resistance 1.94750, Bullish choch
Daily: Consolidation, Inverse Head and shoulders, 2 bar rejection at major resistance 1.94750, Has not retested major support 190.325 after break, Bullish choch, Double bottom pattern, Retested resistance 1.93250
4hr: Consolidation, In a minor uptrend after making a rejection can of the bottom 4hr zone, Break of bearish trendline to the upside, Has not retested .618 of fakeout that resulted to a downward movement, rejection of the 4hr resistance 1.93275.
1hr: Bullish, Liquidity is located above the 4hr resistance of 1.93275, Price is respecting a bullish trendline, Unmitigated 1hr ob, Price faded out and reversed after reaching bottom 4hr zone.
15m: Bullish, Bullish structure is being formed, Failed to make a higherhigh at 4hr resistance 1.93275, Ascending triangle pattern
I believe price is going to retest the 1hr ob fake out the market and continue the upward movement towards the Top 4hr zone to grab liquidity and retest the .618 level if its able to break 1.93275.
RLC - An Unconventional Trade Opportunity - For Brave-hearted #RLCUSDT Analysis
Description
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+ RLC is presently consolidating near the resistance zone, displaying a consolidation pattern akin to its previous two consolidations.
+ Although this pattern may seem unconventional for trading, I maintain optimism regarding RLC's potential to adhere to this pattern and progress towards the next target.
+ Should this pattern persist, I intend to enter a long trade with a target set around 5.762. + Consider following this trade if you're willing to assume some risk in pursuit of substantial profits.
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VectorAlgo Trade Details
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Entry Price: 3.870
Stop Loss: 3.383
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Target 1: 4.191
Target 2: 4.490
Target 3: 4.996
Target 4: 5.762
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Timeframe: 1D
Capital: 1-2% of trading capital
Leverage: 5-15x
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Enhance, Trade, Grow
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Best Regards,
VectorAlgo