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XAUUSD Technical Analysis 11.04.2023 1h chart– Previous Daily candle closed Bearish at 1991.100 respecting Daily Resistance formed on Thursday 6th April 2023. – Buys on close above 1994.400 targeting 1h Resistance at 2002.000, Leaving Runners to the next 1h Resistance at 2007.900. – Sells on close below 1987.200 targeting 1h Support at 1981.900 which is also the wick fill of the previous Daily Low, Leaving Runners to the 1h Strong Support formed at 1978.000. – FOMC Member Harker due to speak about the economic outlook at an event hosted by Wharton Business School in Philadelphia.
OANDA:XAUUSD
by SalimFX20
GBPJPY Technical Analysis 11.04.2023 1h chart– Previous Daily candle closed strong Bullish at 165.350 breaking above the Daily Resistance formed on Wednesday 5th April 2023. – Buys on close above 165.500 targeting 4h Resistance at 165.810, Leaving Runners to the 1h Resistance at 166.210. – Sells on close below 165.180 targeting 1h previous Resistance formed at 164.910, Leaving Runners to the 1h Support formed at 164.670. – Ideally is to wait for price to pullback to form Support on the lower timeframe allowing the new Daily candle to form a bottom wick before breaking the previous Daily High for more potential Buys.
by SalimFX20
USDJPYFundamentals in favour of USD with the exception of dollar crash Retail sentiment currently bullish (most retail traders lose money) since sentiment is bullish this will likely lead USDJPY to continue bearish Trade idea: scenario 1 wait for market to break counter trend bearish, after break wait for retest of resistance and wick rejection then enter short scenario 3 wait for market to break above down-trendline after break wait for low and retest of support, after wick rejection enter bullish Stop loss will go below structure Take profit 3x risk
by TradingfortheFuture_
🥇 GOLD A wedge is formed. Resistance breakthrough Gold closes inside the wedge format range. In an uptrend, whales could potentially be set to break wedge resistance TA on a high timeframe: 1) Trend bullish. Lower right chart: gold is consolidating above the February 1960 high - price is in the green zone 2) Left lower chart: trend demonstration TA on the low timeframe: 1) A wedge is forming. The price makes a false breakout of the wedge and heads towards support. 2) Breakout of the interest zone 1965-1962 can send the price down to 1957. 3) The medium-term potential is on the side of the buyers 4) I think the price will rebound from the uptrend support line and go towards the resistance figure 5) In the medium term there is a high probability of a breakthrough of the wedge resistance and growth of the price to 1980 and 2000
OANDA:XAUUSDLong
by AndeWave
19
BTC - Different Perspectives 🏹Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📌 on Daily: Left Chart BTC is currently bullish trading inside the red rising broadening wedge pattern. Here is why the 30,000 is a strong rejection: 1- Round number => 30,000 2- Classic Support Zone Turned Resistance from Weekly timeframe 3- Supply zone marked on the chart 4- Intersecting with the upper red trendline acting as a non-horizontal resistance 📉 Hence, as BTC approaches the 30k - 32k zone, we will be expecting the bears to take over for a medium-term correction. 📌 on H4: Right Chart For now, we will remain bullish as long as BTC doesn't break a previous major low. The current last major low is highlighted in gray around 26,700 📉 If we break below 26,700 expect a bearish correction to start till around 25,000 support / demand. Which scenario do you think is more likely to happen first? and why? 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
23
Will Bitcoin Touch The Sky ? (Read The Description)Hey Traders , Bitcoin has been leading the charge, with dominance over the rest of crypto increasing over the past week. Bitcoin climbed to hover around $27,000 Friday morning as cryptocurrencies in general continued to rally. Traditional markets were trading lower. Bitcoin on his bullish mode while bank crisis keeps falling , so he just breaks a new resistance then he's too close for the next resistance , so bulls are running don't miss the shot ;)
Long
by ZumixFX
Quick Bitcoin Scan in the Morning Good morning everyone Grab yourself a cup of coffee and enjoy this quick scan on Bitcoin! Bitcoin has been consolidating overnight, shedding a lot of volatility, and opening up a window of opportunity for a Long and Short scenario on the coin. Make sure to check the video out so that you don't miss a potential entry on Bitcoin! Also, please leave a comment and share if you like videos like that. Many thanks and have a fantastic one legends All the best CH
by TraderCHgold
THE CRASH IS HEREThe S&P 500 has attempted a bullish break out in January 2023. The price stalled and started ranging right above previous resistance trend line. Today we see major sell pressure. If we close under temporary support line on my daily chart then we will see the stock market form it's next leg in a downtrend. This will be the longest leg downward. When price fails to breakout it tends to pull back harder and faster than it rallied. Kind of like a rubber band. You can stretch the rubber band upward but as soon as you let go of the rubber band. The opposite force of the rubber band will snap back faster and harder. On the chart, you'll see some green trend lines to where I project price of SPY will land. You can say it's a possible pivot point but honestly I really see the chart hitting 200's before we continue the next future bull cycle. See you guys in summer 2024 when the bulls return! Happy Trading.
AMEX:SPYShort
by Trebor_Namor
4
BTC - Inverse Head & Shoulders 🍰 Analysis #10/50Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. As per my last analysis, we know that BTC is still in an Accumulation in the shape of a potential inverse head and shoulders . 📉 As mentioned, for the right shoulder to start , we need a break below the last major low from H4 (in gray) Now since, we had that break, the next step would be rejecting the 18,000 previous major high and demand zone. But of course, we will not buy blindly there. Especially that this bearish movement now is driven by fundamental news. 📌As per my trading style: As BTC approaches the 18,000 zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) Which scenario do you think is more likely to happen? and why? 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
26