Brent Crude Oil🛢️Outlook: Navigating The Next Huge Move (4H)Brent Crude Oil Forecast 🛢️ TVC:UKOIL
Just like we called it earlier, the price dropped from 82.00 to 79, hitting our Take Profit sweet spot.
Now, even though the price popped above 81, it couldn't make higher high, and it's chilling below the 100-day moving average on the 4-hour chart.
Looks like we might see it slide back from 81.50 - 82.00 to 80. If 80 can't hold its ground, we might be looking at a dip to the 77 zone. On the flip side, if it manages to break above 83, we could be in for a bullish ride.
Quick heads up: Keep your eyes peeled for any surprise moves, especially with the OPEC meeting on November 30, 2023, and the ongoing tension between Palestine and Israel.
Key Levels:
Support lines: 79.00 & 76.00
Resistance lines: 83.00 & 84.64
Drop your thoughts in the comments below. Appreciate your take on this! Thanks! 🚀
Marketstructure
Very critical area for Silver
Silver is currently at a critical juncture, and a breakout above this resistance could lead to a rapid shift in the overall market sentiment.
It's essential to note that we are analyzing a daily chart featuring a bearish channel. In the event of a bullish breakout, the price target would be the width of this daily channel. Given the high correlation between silver and gold, we may anticipate a similar behavior in gold.
Considering that both gold and silver are often considered risky assets, particularly gold, if they are poised for such a movement, it suggests there might be a significant news release providing the necessary momentum for a breakout above this crucial resistance.
However, it's crucial to remain cautious, as any breakout without substantial news support could be deemed a false breakout, potentially leading to a reversal.
Crude Oil Correction - Bearish Scenario (4H)Brent Crude Oil Forecast 🛢️ TVC:UKOIL
Recent sessions saw a surge in Brent crude futures, hitting the top of a descending channel and undergoing huge correction currently. This paves the way for potential fall from 82.00 to 80 then 79.
The bearish trend remains strong as price got rejected from the 100-day moving average (4H timeframe). A break above 83 could signal bullish move.
Note: Keep an eye on unexpected movements due to Fed's meeting minutes and ongoing conflict between Palestine and Israel.
Support lines: 80.00
Resistance lines: 83.00
Comment down below your thoughts about my analysis, Thank you!
USDCAD local longOn the USDCAD chart, we can observe an open interest in local growth.
The price decisively carried out a liquidity sweep and received a reaction with the prospect of further growth.
I consider updating the maximum at the mark - 1.3777 as the nearest goal.
Keep your risks and act according to your own trading system
#DXY more downside outlook
Hello, dear traders. I hope you're all having a great week.
Last week, we were looking to buy the DXY in two areas, which turned out to be very successful, and you can review those details in the attached chart.
However, on Friday, the price managed to break below our important daily low, shifting the market structure to the downside. Now, in the 4-hour timeframe, we are exploring potential areas for selling.
As the price has been moving higher in the last two days in a corrective manner, it's approaching the first resistance area, which previously acted as support. This area also coincides with the 38% Fibonacci level.
Nevertheless, we are more inclined to see the price rise further to test our second resistance area, as it offers a better Risk-to-Reward ratio and aligns perfectly with more bearish confluences.
It's important to note that while the 4-hour timeframe has shifted to a bearish market structure, with expectations of further downward movement, the daily timeframe still displays a bullish trend, and this 4-hour move is essentially a corrective move within the daily timeframe.
If you've found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
EurUsd intraday sell setupAfter a rapid expansion to the up side . It's time for a retracement on the 4hr time frame in preparation for another expansion.
I was able to catch a sell at the turning point and now the market has presented another entry Opportunity on the same setup. We sell to 1hr sellside liquidity, after sellside has been raided we will look for lower TF confirmation for a buy
GBPUSD SELL TO BUYThe price approaches the key zone where manipulation will be observed.
With the seller's work and the formation of bearish formations, this range for further movement is 1.2318-1.2186, where it will be interesting to consider the reaction of the buyer to continue the upward movement to the local accumulation of liquidity in the range of 1.2750-1.2930
Maintain your risks and act in accordance with your trading system.
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The move marks a push from Mastercard into the market for legitimizing crypto as a mainstream financial asset that can be subjected to the same rules and compliance frameworks as traditional assets.
Banks and other large financial institutions have shown increased interest in experimenting with crypto in their products and services. But the next step, deploying commercially available crypto products as part of their core offerings, has proven more elusive.
Banks have been wary of digital assets’ lack of comprehensive regulations and applications in fraud and scams.
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Price Momentum
MA is trading near the top of its 52-week range and above its 200-day simple moving average.
What does this mean?
Investors have been pushing the share price higher, and the stock still appears to have upward momentum. This is a positive sign for the stock's future value.
GBPAUD - Trading The Channel 📈Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 GBPAUD has been trading inside a big range between our green support and blue resistance.
Lately GBPAUD has been bearish trading inside the falling red channel and it is currently approaching its lower bound.
Moreover, the zone 1.89 - 1.895 is a strong support.
🏹 Thus, the highlighted red circle is a strong area to look for buy setups as it is the intersection of the green support and lower red trendline acting as a non-horizontal support.
📚 As per my trading style:
As #GBPAUD approaches the lower red circle zone, I will be looking for bullish reversal setups (like a double bottom 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
Possible XAUUSD movementEnglish
I´m going to make an analysis on a monthly timeframe looking for our market structure, we have all the HH and HL with at least 50% of our fibo retrament.
We take a look at the fibo retracement to see where could I take profits when the price breaks the last H and we found two interesting zones (-10% and -27%),
that is a rare way to use the fibo retracement, but it really works.
Then, I checked if the price let any debt to look after it and I found one in the 100% price of our fibo extension, the price is going to be there (close to the price 1406)
in some time (weeks, years or even decades), when? We have to take a look at it then. In that price we could star buying.
On a weekly time frame there is a kind of bearish structure, not too clear, but on a daily and 4hrs time frame look better, it is making LL and LH and
if nothing happen in the conflict in the middle east, could look for prices right down.
*THIS IT NOT INVESTMENT RECOMMENDATION OR SOMETHING LIKE THAT, THIS IS ONLY FOR ANALYSIS AND EDUCATION PURPOSE*
Español
Voy a analizar el mercado en temporalidad mensual para identificar nuestra estructura de mercado, tenemos altos más altos y bajos más altos con al menos un 50% de
retroceso de Fibonacci.
Echamos un vistazo a nuestro retroceso de Fibonacci para identificar donde podríamos tomar profits cuando el precio rompa ese último máximo y encontramos dos zonas interesantes
(-10% y -27%), esa es una rara manera de usar el retroceso de Fibonacci, pero realmente funciona.
Luego, verifiqué si el precio dejo alguna deuda para tener en cuenta y encontré una en el 100% del precio en la extensión del fibonacci, el precio llegará allí (cerca del precio 1406)
in algún momento, (semanas, años o incluso decadas), ¿cuándo? Tenemos que ver con el tiempo, pero en ese precio podemos comenzar a comprar.
En temporalidad semanal hay un tipo de estructura bajista, no tan clara, pero en diario y 4Hrs se ve mucho mejor, está dando bajs más bajos y altos más bajos y si nada
sucede en el conflicto en medio oriente, podríamos buscar precios abajo.
*ESTO NO ES RECOMENDACIÓN DE INVERSIÓN NI NADA QUE SE LE PAREZCA, ESTO ES SOLO PARA ANÁLISIS Y EDUCACIÓN*
USDCAD - Follow The Trend 📈Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 USDCAD has exhibited an overall bullish trend , trading inside the rising channel in blue.
At present, USDCAD is undergoing a correction phase and it is currently approaching the lower bound of the channel.
Moreover, it is retesting a strong resistance turned support highlighted in green.
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the green support and lower blue trendline acting as a non-horizontal support.
📚 As per my trading style:
As #USDCAD approaches the lower blue circle zone, I will be looking for bullish reversal setups (like a double bottom 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
#AUDCAD Bearish structureHello dear friends and traders. Let's take a look at AUDCAD and explore the potential selling opportunity in this pair.
As seen in the chart, we have a 4-hour bearish market structure where the price is creating lower highs and lower lows. Consequently, we are only interested in taking short positions for the moment.
After the price formed a recent low, it started to develop a bullish corrective move that ended up testing our bearish trendline, coinciding with a static resistance area. Now, if you examine the 1-hour timeframe chart , you'll notice that the price attempted to go above our horizontal arrow line but failed to close above it. This suggests that the recent bullish move could be considered a liquidity-taking activity, and now that the price failed to close above, we may consider opening a sell position.
If you've found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
#AUDJPY buying opportunityLet's take a look at the AUDJPY 4-hour timeframe chart and explore the potential buying opportunity in this pair.
Price yesterday successfully broke above the short-term bearish channel, aligning with the higher timeframe market structure, which adds to the possibility of the price intending to move higher.
Currently, the price is situated at today's Pivot area, which has been providing support since this morning. Additionally, we are above the 1-hour, 30-minute, and 15-minute EMAs (Exponential Moving Averages) of 200, all of which together offer crucial support for the price.
Moreover, this recent bearish move can be interpreted as a pullback to the broken channel line.
If you've found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
#EURGBP selling opportunityEURGBP exhibits a valid bearish market structure in the 1-hour timeframe, as illustrated in the chart. This structure begins after the price tested an important daily resistance and was subsequently rejected.
With this ongoing bearish move, we are inclined to take sell positions in this pair as long as the current structure persists.
Upon closer examination, the price tested the bearish trendline and formed a 1-hour engulfing candlestick pattern . When combined with the preceding candles, it resulted in an evening star candlestick pattern.
The occurrence of this pattern within a resistance area enhances the likelihood of its significance.
The formation of this pattern leaves us with a clean-break area, which serves as an important supply zone where traders may consider selling this pair.
Additional bearish confluences include the price testing the 1-hour and 30-minute 200 EMA.
For selling this pair, the optimal area to place your stop-loss would be above the previous high. If the price reaches that point, it indicates the end of the bearish trend, and we would then be dealing with a bullish trend.
If you've found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
#GBPCHF buying opportunityHello dear traders and friends, let's take a look at this chart and explore the potential buying opportunity.
As observed in the chart, we have a clear bullish market structure. Therefore, as long as the price remains above our horizontal arrow, which marks the 1-hour timeframe low in the market, as well as the previous day's low, we are interested in taking long positions.
In addition to the market structure, other confluences include the price being above the 1-hour and 4-hour timeframe EMAs, and above the 4-hour timeframe bullish trendline. This recent bearish move could also be viewed as a pullback to the bullish trendline, as indicated in the chart.
With the market structure in our favor and supported by a cluster of bullish confluences, we have sufficient confidence to open a long position in this pair.
I'll place my stop-loss just below the arrow line because if the price is able to go lower than that, it would signify a break in the structure to the downside.
If you've found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
BTC - Macro View 🌐Hello TradingView Family / Fellow Traders,
📈 Following the rejection of the 25,000 support, BTC experienced a significant 50% surge , forming another bullish impulse that confirms the ongoing upward trend.
Consequently, we've identified and outlined a rising channel in orange.
BTC is currently approaching the upper boundary of the orange channel, coinciding with the 40,000 resistance zone.
🏹 To sustain bullish control and assert dominance from a macro perspective, a crucial requirement is a weekly candle close above 40,000. Such a development would likely lead to a parabolic movement, aiming for the 50,000 resistance level.
📉 Meanwhile , considering BTC's proximity to a formidable resistance zone, there remains a possibility of bearish intervention, potentially pushing it back into a range reminiscent of the 25,000 to 30,000 range.
This scenario's confirmation would depend on lower timeframes, especially if a bearish reversal setup is triggered.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
Specialized technical analysisWith USDCAD today, applying specialized technical analysis, I suggest a counter-trend trade at the marked Supply & Resistance zone on the chart. The applied technical analysis includes:
- Market structure, Supply zone.
- Mid-frequency.
- Outer frequency.
- Fibonacci.
This trade carries high risk; however, the potential reward justifies it!
Good luck Traders!
HYPER INTERGRATION ANALYSIC AUDUSDTechnical analysis integrated with the forex pair:
- Resistance and support levels are marked by the yellow-shaded areas on the chart.
- Market structure: Marked by higher highs and lower lows. The zigzag line, dashed, indicates a robust upward structure.
- The market structure is in an upward trend, and the Demand Zone is marked in green. It is a favorable price zone for the BUY side. Support levels can be placed below the nearest swing low.
- Price action & reversal: The price is approaching the trendline. The price has broken above the trendline and is currently testing at the marked position. We observe a reaction at this trendline.
- Indicators: A general observation indicates a decreasing price divergence and an increasing hidden divergence marked on the chart.
- Fibonacci & other analysis techniques,
BTR - Stronger Than Ever 💪Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📊 As per my last analysis, attached on the chart, BTR broke above the red channel and 0.0385 resistance and traded higher to reach our target.
Now What?
📈 BTR is sitting around the last weekly major high highlighted in orange.
For the bulls to remain in control, and take over from a long-term perspective, we need a break above 0.062. In this case, a movement till the 0.1 round number would be expected.
📉 Meanwhile , BTR can still reject the orange high and trade lower to test the 0.05 round number where we will be looking for new short-term buy setups.
📚 Always remember to follow your trading plan regarding entry, risk management, and trade management.
Good luck!
And always remember: All strategies are good if managed properly!
~Rich
ebay is on sale 🛒Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 EBAY has exhibited an overall bullish trend , trading above the orange and blue trendlines.
At present, EBAY is undergoing a correction phase and it is currently approaching a strong support zone 30 - 34
🏹 Thus, the highlighted red circle is a strong area to look for buy setups as it is the intersection of the green support and lower blue and orange trendlines acting as a non-horizontal support.
📚 As per my trading style:
As #EBAY approaches the lower red circle zone, I will be looking for bullish reversal setups (like a double bottom 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
DKNG Market CycleAll stocks go thru 4 stages, sometimes each stage can last months or even years, and it's not always easy to recognize like it is on this chart.
Stage 1: Accumulation - buyers coming in stopping the down fall, and the stock starts trading sideways. (Wait)
Stage 2: Markup - Bullish phase, where traders and institutions start buying the up trend. (Buy)
Stage 3: Distribution - where institutions and traders start taking profits - selling. (Sell)
Stage 4: Decline - shorts recognize this stage and start shorting the stock. (Avoid)