LONG
EURGBP The Target Is UP! BUY
My dear friends,
Please, find my technical outlook for EURGBP below:
The price is coiling around a solid key level - 0.8307
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 0.8338
Safe Stop Loss - 0.8289
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
SILVER: Bullish Continuation is Highly Probable! Here is Why:
Remember that we can not, and should not impose our will on the market but rather listen to its whims and make profit by following it. And thus shall be done today on the SILVER pair which is likely to be pushed up by the bulls so we will buy!
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25/11/24 Weekly outlookLast weeks high: $99,591.61
Last weeks low: $89,381.02
Midpoint: $94,486.31
Crypto continues to climb! Bitcoin less than 0.5% off the famous $100,000 milestone, we could see it broken this week if momentum is to continue going into month end. Last week we saw a steady climb from Monday to Friday with a similarly steady sell-off over the weekend, mostly due to lack of institutional buying that we've been used to since the Trump election win. This drop in buyers over the weekend naturally brings price down as the buyside demand drops, however it is expected to return during the weekdays.
Altcoins benefited from this reduction in BTC buyers with a shift from institutional whales to more retail players over the weekend. I expect to see the momentum return to BTC during the week. We saw BTC ETF options trading launch last week with 83% of hundreds of millions of dollars in volume betting on the price being higher, one contract of which (C100) expires on 20th Dec says BTC price will double in 1 month!
This week the question is will we see $100k, and what will happen if we do? Naturally there is a psychological importance to a big even number like this, and for retail investors that could be considered as a big thing, a possibly bearish level as retail takes profit, the story hits the mainstream news and creates a sell the news event? In previous cycles I would have said that was very possible, however, now the market is driven by institutional investors, ETF's and whales. These people are not interested in these 'big even numbers', they're interested in the bigger picture and for that reason I could see BTC blasting through $100,000, catching retail sidelined and having them panicking to re-enter, that's when a possible pullback could happen as that would be max pain for retail. I do think a pullback is coming eventually but for now the structure is very positive, shallow pullbacks are being bought up quickly with HH's & HL's consistently.
For this week I am looking at ETH against BTC as it looks to claw back some gains having been left behind this cycle so far. Altcoins are looking good too, the longer BTC pauses the more money will flow into alts, however any significant pullback in BTC will nuke alts as it has all year.
HelenP. I Gold will correct to trend line and then continue riseHi folks today I'm prepared for you Gold analytics. A few moments ago price declined to the support level, which coincided with the support zone, and some time traded near this level. Then Gold turned around and started to grow to a resistance level, which coincided with the resistance zone, making a gap as well. When the price reached the 2730 level, it tried to break it but failed, and then some time traded between this level. Later Gold finally broke this level and rose to 2790 points, after which turned around and started to decline. In a short time, it fell to the 2730 level, broke it, and then continued to fall. Price tried to return, but failed and dropped to the 2610 support level. Gold broke this level and then reached the trend line, after which turned around and started to move up near this line. Soon, the price broke the 2610 support level and rose almost the resistance level. At the moment, the price continues to grow, and I expect that XAUUSD will make a correction to the trend line and then rebound up to the resistance level. After this, the price can break it and continue to grow. That's why I set my goal at 2760 points. If you like my analytics you may support me with your like/comment ❤️
BTC USD IdeaSo on the weekly, we're very bullish. However, the daily chart shows low-volume days, which can be frustrating. Last night, we finally filled the gaps and single prints, setting the stage for a potential upward move. At least, that's my opinion. If we start breaking down, I'll need to take profits. Who knows how big the pullback could be? But for now, we're staying strong and aiming for the 100K target.
SILVER Will Go Up From Support! Long!
Please, check our technical outlook for SILVER.
Time Frame: 8h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 30.769.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 32.322 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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USDCHF Will Move Higher! Buy!
Take a look at our analysis for USDCHF.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 0.889.
The above observations make me that the market will inevitably achieve 0.898 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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GBP/AUD BUYERS WILL DOMINATE THE MARKET|LONG
Hello, Friends!
We are now examining the GBP/AUD pair and we can see that the pair is going down locally while also being in a downtrend on the 1W TF. But there is also a powerful signal from the BB lower band being nearby indicating that the pair is oversold so we can go long from the support line below and a target at 1.948 level.
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GBP/JPY BEST PLACE TO BUY FROM|LONG
Hello, Friends!
Previous week’s red candle means that for us the GBP/JPY pair is in the downtrend. And the current movement leg was also down but the support line will be hit soon and lower BB band proximity will signal an oversold condition so we will go for a counter-trend long trade with the target being at 199.028.
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EURCHF: Bullish Continuation & Long Trade
EURCHF
- Classic bullish setup
- Our team expects bullish continuation
SUGGESTED TRADE:
Swing Trade
Long EURCHF
Entry Point - 0.9309
Stop Loss - 0.9288
Take Profit - 0.9341
Our Risk - 1%
Start protection of your profits from lower levels
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EURUSD: Expecting Bullish Continuation! Here is Why:
Remember that we can not, and should not impose our will on the market but rather listen to its whims and make profit by following it. And thus shall be done today on the EURUSD pair which is likely to be pushed up by the bulls so we will buy!
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Alice, Invers H&S + potential algo target at $107, 74xthis technique is experimental. since Alice doesn't have data going back the lows of 2020 I've pulled the fib from the from the all time highs and set the lows of price action to be in line with the 0.707 fib. this should give a conservative algo target if it runs with the rest of the market.
disregarding the fat finger wick, there's also a inverse head and shoulders target that lines up in the same area as the order block and bear pocket.
no idea if the algo target will play out, but if it does I'll defiantly be adding this tequnique to my arsenal.
See linked BTC chart for why my charts are so bull.
The Trade:
Preferred Entry: $1.07 or a 0.168 retrace of this impulse wave (if we get one)
Ape Entry: $1.46
Stop: $1.00
Resistance: $6.78 - order block + bear golden pocket.
Inverse H&S Target: $8.80
Potential Algo Target :$107
D.Y.O.R. DO NOT BLINDLY TAKE THESE TRADES.
Never Trust. Verify. PLEASE DO YOUR OWN ANALYSIS.
This is not financial advice. These are just my observations.
Technical Analysis is not about being right, it's about increasing your odds.
Be prepared to be wrong. Risk management is key. Capital preservation above all else.
US100 Is Bullish! Long!
Please, check our technical outlook for US100.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 20,793.1.
Taking into consideration the structure & trend analysis, I believe that the market will reach 21,500.9 level soon.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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EUR/CHF LONG FROM SUPPORT
Hello, Friends!
EUR/CHF pair is in the downtrend because previous week’s candle is red, while the price is obviously falling on the 1D timeframe. And after the retest of the support line below I believe we will see a move up towards the target above at 0.942 because the pair oversold due to its proximity to the lower BB band and a bullish correction is likely.
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Possible Top for BTC/ETHI can see a possible top on the BTC vs ETH chart. It has clearly gone up alot and if you combine that with the divergence on the RSI + BTC Dominance about to fall the possibility for this to happen gets stronger!
This means that Ethereum is about to go for a run and if that happens alot of projects based on ETH will have a big rally.