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Microsoft - Short Term Top Formation!Microsoft ( NASDAQ:MSFT ) could create a short term correction: Click chart above to see the detailed analysis👆🏻 Almost for the entire year of 2024, Microsoft has been moving sideways and respecting the upper channel resistance trendline. It is quite likely that we will see a correction, considering that buyers are still weak, before we then see the overall trend continuation. Levels to watch: $350 Keep your long term vision, Philip (BasicTrading)
NASDAQ:MSFTShort
by basictradingtv
4
How I Rode the Gold Trend Using Multi-Timeframe AnalysisHey Traders! 📈 I want to share an analysis of a recent opportunity on Gold that came up, focusing on using multi-timeframe analysis to spot a reaccumulation pattern. Market Context: On the daily timeframe, Gold was showing a retracement. By zooming into the 1H timeframe, I identified what seemed like a reaccumulation (REACC) model—giving a potential entry point to go long in this trending market. The Entry Setup: On the 1H TF, after a retrace, the price continued the uptrend with strong structure, confirming a breakout. I entered long, aligning with the market trend and using a trailing stop to manage the position and capture potential further upside. Floating PnL: Right now, the trade is floating around 12RR and still trailing! This is a great example of how multi-timeframe analysis can help uncover high-probability setups. This educational breakdown is meant to help others see the power of combining market structure and risk management to stay in profitable trades. Hope this helps you spot similar setups in the future! 🚀 Leave a comment if you surfed with this trend too!
FOREXCOM:XAUUSDLong
by TraderOuss_LumaNex
XAUUSD: Watch for Buyer at major support.The Large range of 11 Day trading has forming up. Just pay attention at "11 Day VAL" zone. Price may move up and down between "11 Day HVN" and "11 Day VAL". Which is a battle zone between Buyer and Seller. ============== Green direction: If the price couldn't break "11 Day VAL". We might expect that buyer will step in and push the price higher back to "Last week POC" and "YPOC" level. -------------------- Red Direction: If the price break down deeper to major support. We will expect that Buyer won't have enough power to push the price over "11 Day HVN".
CFI:XAUUSD
by chaorua
Grab Your XAUUSD Scalping Chance!Market Analysis Summary: Buy Opportunity: Targeting the 2750 zone from the 2730-27 level. Market Structure: Overall bullish trend, indicating potential upward movement. Short-Term Caution: Formation of lower lows may lead to a sell-off down to 2690. Upcoming Events: NFP report is on the horizon, which could introduce market volatility. Key Points to Consider: Monitor the 2730-27 zone for entry signals. Watch for price action around 2690 for potential reversals. Be prepared for fluctuations around the NFP release. Stay informed and adjust your strategies accordingly!
OANDA:XAUUSDShort
by bluechipfx
1
XAUUSD: Watch for a Sharp Decline Soon!XAUUSD MARKET ANALYSIS Today, we are focusing on key intraday levels that could influence trading decisions: Support Level: 2734-30 Resistance Level: 2748-50 Upcoming Market Events: This Friday, we have the highly anticipated Non-Farm Payroll (NFP) report, which historically tends to create significant volatility in the market. The data released can lead to quick price movements, offering potential trading opportunities. Monitor Price Action: If the price approaches the support level (2734-30) and holds, it may provide a buying opportunity, signaling potential upward momentum. Conversely, if the price breaks through the resistance level (2748-50), it could indicate a bullish trend, suggesting traders might consider entering long positions. Consider Market Sentiment: Pay attention to pre-NFP sentiment in the market. A strong jobs report could lead to a rally, while a weaker report might trigger a sell-off. Adjust your strategies accordingly. If you find this analysis valuable, please like the idea. Your support motivates us to continue providing high-quality content!
OANDA:XAUUSDLong
by bluechipfx
Gold Rebound Strategy: Capitalizing on RBS and Bullish EngulfingTrade Idea Based on Technical Analysis: Chart Analysis: 1. Horizontal Line of Resistance Become Support (RBS): • The horizontal red line at 2,741.90 indicates a significant level where previous resistance has now become support. This RBS zone suggests a potential area where buyers might re-enter the market, providing a solid opportunity to go long if the price pulls back to this level. 2. Horizontal Line of Resistance/Support: • The price faces resistance around 2,748.94. This level has acted as a ceiling for price movements, where sellers are likely to enter. If price breaks this level, it may indicate further bullish movement, but it currently holds as a short-term resistance level. 3. Bullish Engulfing Zone (Yellow Box): • The yellow box marks a crucial bullish engulfing pattern zone between 2,737.64 and 2,740.53. This pattern indicates a strong buying momentum as the price reversed from a previous sell-off. This zone serves as a high-probability entry point for buyers. Trade Setup: • Entry Point: Look for a buy entry around the RBS level (2,741.90) or within the yellow bullish engulfing zone (2,737.64 - 2,740.53). If the price retraces into this area and shows bullish confirmation (such as a bounce or candlestick pattern), it’s a good opportunity to go long. • Target Price: The first profit target should be around the resistance level at 2,748.94. For a more aggressive approach, you can target 2,750.00, as round numbers tend to act as psychological resistance. • Stop Loss: Set your stop loss just below the engulfing zone, around 2,730.46. If the price breaks below this level, the bullish setup would be invalidated. Why I think this trade idea give chances: • The RBS level offers a strong area for a bounce, and the bullish engulfing zone indicates a reversal where buyers have taken control. These combined factors suggest the market has bullish potential, especially if price retraces to these levels. • The resistance level at 2,748.94 provides a clear exit point for taking profit, and the stop loss below the engulfing zone minimizes risk if the price goes against the trade. By waiting for price action confirmation around these key levels, this trade idea presents a well-structured and risk-managed opportunity for going long in the current market setup.
OANDA:XAUUSD
by AdibAziman_
BOME Long Position (Retest of 21-day EMA)Market Context: BOME is approaching the 21-day EMA after a Market Structure Shift (MSS). We're looking for a retest of the trend to form a higher low, while sweeping liquidity at the $0.075 level. This provides a potential opportunity for entry. Trade Setup: Entry: $0.007 - $0.008 Take Profit: First target: $0.012 Second target: $0.016 Third target: $0.020 Stop Loss: Daily close below $0.006 This setup seeks to capture the bounce from the higher low, capitalizing on the anticipated continuation of the uptrend. #BOME #Crypto #MarketStructure #21EMA #Trading
Long
by Richtv_official
XAUUSD: Go higher or back to BuyerPrice has broken up from 20++ Day range. SO bullish situation has set from that behavior. So If the price is still bullish, we don't want to see the price come back lower than YPOC. If it does come lower then that level. The bullish situation in small time frame will cancle. Green>>> If price making a small boundary range around ATH. it interpreted the price will try to making a higher move. Red>>> If price start moving lower and hold below gray zone and trend line. It might pull back down deeper to find a buyer around YPOC zone.
CFI:XAUUSD
by chaorua
#Silver near the end of wave 3 of 5 of 3 From an Elliott Wave perspective, it appears that the price has formed wave 3 in an impulsive bullish move. Therefore, we can anticipate a bearish corrective move to complete wave 4. Based on the principle of alternation, since wave 2 was a sharp correction, wave 4 could potentially be a more prolonged, time-consuming corrective phase. This suggests that the upcoming wave 4 correction may develop as a more complex or sideways movement before resuming the uptrend for wave 5. It's important to note that bullish move is still on. However, we may now see a bearish corrective move.
TVC:SILVER
by mohemati
1