Long trade
15min TF
Buyside trade
Wed 4th Dec 24
NY Session PM
6.00 pm
Pair BTCUSD
Entry 98719.0
Profit level 99727.5 (1.02%) - TP1
Stop level 98566.5 (0.15%)
RR 6.61
Reason for entry: The entry is based on time and observation of price action earlier in the day.? seems indicative of a buyside bias. Going long for prediction beyond RR 6.61
Profit level 100000.0K (1.30%) RR 8.4, just 0.27%
Multiple Time Frame Analysis
FXS- BULLISH MOMENTUMClear Path for Long Positions Until January 20th
We have a green light to focus on long setups leading up to January 20th, but emotional Discipline is critical—avoid letting euphoria or emotional demons dictate your decisions.
BINANCE:FXSUSDT is a standout candidate for a strong rally based on my criteria:
Monthly and Weekly Structure supported by FVG (Fair Value Gaps).
PMH and PML (Previous Monthly High/Low) being disrespected.
PWH and PWL (Previous Weekly High/Low) being disrespected.
PDH and PDL (Previous Daily High/Low) being disrespected.
4H Swing Highs and Lows also being disrespected.
At this moment, I see no valid reasons to adopt a bearish stance. The primary risk lies in potential liquidity spikes. To mitigate this, a solid Stop Loss is essential to safeguard your position and allow for re-entry if price action justifies it.
Risk-to-Reward Ratio: 9.53
Stay focused and protect your trades.
Gold AnalysisOn the daily timeframe, we anticipate a downward movement in gold to the 2580 level. Upon reaching the daily ascending trendline, a price rebound toward the 2670 range and interaction with the 4-hour descending trendline is not unexpected.
This analysis is brought to you by the FXonbit Traders Team
EURUSD-TIME FOR REVERSAL- SWING TRADEReversal Opportunity Amid a Bearish Bias
FX:EURUSD
The EUR/USD is showing potential for a reversal, although the overall probabilities remain bearish. This setup offers an opportunity with a possible 3RR.
Trade Management:
Today's FED meeting could cause sharp and unexpected market movements. It’s crucial to keep a tight SL to protect against liquidity hunts, especially near the November PML wick. The TP is set at the bearish FVA, but if the price reaches this area, it could signal a higher probability of continued upside.
Stay cautious and adapt to market conditions. Manage your risk and remember: capital preservation comes first.
Let's get higher this week POLKADOTPolkadot: Rising from the Ashes
BINANCE:DOTUSDT
Polkadot appears to be breaking free from its prolonged downturn. Comparing to Cardano, its about time to reach the fibonacci 1.62 and the buyside liquidity. The charts suggest strong bullish potential, but it’s crucial to stay grounded—corrections are part of the game. In my view, a significant pullback may happen when geopolitical events, such as TRUMP's potential return to the White House, create waves across the markets.
For now, the focus should be on crypto over the coming weeks. Avoid over-leveraging or taking excessive risks. Remember, the market will always present opportunities—it's often your mind that gets in the way. Discipline is key: master your fears by following your trading plan without compromise.
Success isn’t about how much you make in one trade; it’s about consistently executing a solid plan. Over time, this approach allows you to grow your capital as if you’re your own bank. Stay committed, keep learning, and protect your mental clarity by managing risk wisely.
I currently have an active trade on Polkadot and am holding steady.
Let’s see how this plays out!
Zalando (ZAL) to gain 50%** investment opportunity **
On the above 5 day chart price action has been in correction since July 2021. A full 80% correction. A number of reasons now exist to be long:
1) Price action and RSI resistance breakouts.
2) Trend reversal.
3) Support on past resistance. Look left.
4) The first and second resistances are shown. 55% and 130% above actual price action on December 3rd, 2024.
Is it possible price action corrects further? Sure.
Is it probable? No.
Ww
Type: Investment
Risk: You decide
Timeframe for long: This month
Stop loss: Will say elsewhere
XAUUSD - China, still buying gold?!Gold is below the EMA200 and EMA50 in the 4H timeframe and is moving in its ascending channel. The continuation of the movement of gold depends on the failure or failure of this channel, and you can trade in that direction. In case of breaking the bottom of the channel, we can see the continued decline and see the demand zone and buy within that range with the appropriate risk reward. Maintaining the channel has paved the way for gold to rise to the supply zone, and gold can be sold within that zone.
Recent credible research analyzing undisclosed purchases since May 2024 confirms that China has been secretly buying gold. A recent analysis has validated long-held suspicions that, since the beginning of Russia’s invasion of Ukraine, China has been a significant and covert buyer of gold beyond officially reported levels. Goldman Sachs had previously hinted at such activity, and new findings by the analyst at Money Metals further substantiate this claim.
According to the report, the People’s Bank of China (PBOC) discreetly purchased approximately 60 tons of gold in September alone. This trend has been ongoing since May 2024, with evidence suggesting a drawdown from London reserves dating back to May this year. While the PBOC has not reported any gold purchases since April, Goldman Sachs’ NowCast data estimates that around 50 tons of institutional gold purchases were conducted by China in May through the over-the-counter (OTC) market in London.
This strategy is not unique to China. Other nations, such as the UAE and Saudi Arabia, also employ similar tactics to accumulate gold discreetly while avoiding price spikes. The covert nature of these transactions reflects their intent to bolster reserves while maintaining low market prices.
One market analyst has cautioned investors hoping for a Christmas rally in gold prices to proceed with caution, as recent volatility may signal a peak in prices, at least for this year.
Ole Hansen, head of commodity strategy at Saxo Bank, noted in his latest report that gold has consistently experienced price increases in December over the past seven years. However, he warned that while recent price corrections might attract bargain hunters in the final month of 2024, gold’s current high prices remain a risk factor.
In his note, Hansen stated that the greatest challenge is the 28.3% rise in gold prices this year, bringing it close to the 29.6% growth seen in 2010 and 31% in 2007. While the fundamental supportive outlook for 2025 remains intact, such significant growth could prompt profit-taking and position adjustments before the year ends.
Hansen predicted that while gold may struggle to achieve new highs in December, his outlook for 2025 remains bullish, with prices expected to reach $3,000 in the new year. He added that geopolitical uncertainties will continue to support the precious metal as a safe haven.
At the same time, the introduction of new trade tariffs on U.S. imports next year is generally perceived as a positive factor for the U.S. dollar. However, the side effects of a stronger dollar could ripple through the global economy, particularly affecting countries reliant on dollar-denominated debt, commodity trade, and export-driven growth. This dynamic might sustain interest in alternative investments like gold and silver.
Hansen further emphasized that Trump’s plans for tariffs, tax cuts, and immigration policies could exacerbate inflation and debt—two key risks that gold investors seek to hedge against.
NZDCHF LONGMarket structure Bullish on HTFs DH
Entry at both Daily and Weekly AOi
Weekly Rejection At AOi
Daily Rejection at AOi
Previous Structure point Daily
Around Psychological Level 0.52000
H4 EMA retest
H4 Candlestick rejection
Rejection from Previous structure
Levels 5.88
Entry 100%
REMEMBER : Trading is a Game Of Probability
: Manage Your Risk
: Be Patient
: Every Moment Is Unique
: Rinse, Wash, Repeat!
: Christ is King
GBPNZD - The pound, in relative peace!The GBPNZD currency pair is located between EMA200 and EMA50 in the 4H timeframe and has left its downward channel. In case of a downward correction, we can see demand zone and buy this currency pair in that zone with a suitable risk reward.
According to recent data, the UK’s economic indicators have shown various changes. M4 money supply, a key economic measure, has declined by 0.1%, compared to the previous figure of 0.6%. This drop may reflect reduced liquidity in the economy.
In the area of consumer credit, the Bank of England reported that this metric reached £1.098 billion, lower than the forecast of £1.3 billion and the previous figure of £1.231 billion. This may indicate a decline in consumer demand for credit.
Meanwhile, significant growth has been observed in the mortgage sector. Mortgage lending rose to £3.435 billion, surpassing the forecast of £2.7 billion and the previous figure of £2.541 billion. This increase suggests an improvement in the housing market and growing demand for mortgages.
Additionally, the number of approved mortgages reached 68,303, exceeding the forecast of 64,500 and the previous figure of 65,647. This growth further highlights increased confidence and momentum in the housing market.
Andrew Bailey, the Governor of the Bank of England, has addressed the financial and economic state of the UK, highlighting key concerns. He warned that price corrections could disrupt financing but expressed confidence that households and businesses would remain resilient against economic challenges.
He also predicted that the UK’s economic growth would continue “sustainably.” Bailey pointed to heightened global risks and uncertainties while emphasizing that there is no conflict between financial stability and economic growth. Additionally, he noted that geopolitical risks remain elevated.
According to Bloomberg and a CBI survey, tax pressures on UK businesses have caused a significant decline in the private sector. For the first time in two years, the budget has been identified as the main reason for reduced business activity.
Companies have warned that hiring plans are at their weakest level since the COVID pandemic. Business activity in the UK has been declining for the first time in over two years as firms reduced jobs and limited investments following the October budget. According to the Confederation of British Industry’s (CBI) monthly growth index, a £26 billion ($33 billion) increase in payroll taxes and prolonged uncertainty caused by a three-month wait for the next budget after the Labour Party’s decisive victory in the July 4 election have significantly impacted private sector sentiment.
The UK plans to review the design of its new labor survey in the spring. The Office for National Statistics (ONS) reported that overall employment levels are now 313,000 higher than before the COVID pandemic. The economic inactivity rate has decreased by 0.1% to 22.1%, while the unemployment rate has remained steady at around 4.2%. Employment rates for the period from April to June 2024 increased by 0.1%, reaching 74.6%.
USDCAD - CAD Vs tariffs!The USDCAD currency pair is above the EMA200 and EMA50 in the 4H timeframe and is moving in its upward channel. The correction of this currency pair towards the demand zone will provide us with the next buying position. You can sell up to the bottom of the ascending channel within the specified supply zone with the appropriate risk reward.
The Canadian dollar has underperformed against other currencies this year, largely due to the Bank of Canada’s consistent interest rate cuts. It is expected that the central bank will lower interest rates for the fifth time in December, though the likelihood of a 50-basis-point cut has diminished following a higher-than-expected inflation report.
The Royal Bank of Canada (RBC) and the Canadian Imperial Bank of Commerce (CIBC) still foresee the possibility of a larger rate cut. Meanwhile, per capita GDP data reveals that economic growth has declined for the sixth consecutive period. Monthly GDP figures indicate that growth in September and October was only 0.1%.
According to CIBC, domestic demand remained relatively stable during this time, comparable to the previous quarter. However, monthly data shows that the third quarter ended with gradual deceleration rather than the sharp rebound initially expected, leading to significantly lower fourth-quarter forecasts compared to the projections in October’s Monetary Policy Report (MPR).
RBC maintains its prediction of a 50-basis-point rate cut but has stated that Friday’s employment report will be closely monitored ahead of the central bank’s December 11 meeting.
“GDP numbers reinforce the notion that current interest rates are higher than necessary to maintain inflation at the 2% target. The Bank of Canada will also closely monitor next week’s labor market data, but a further 50-basis-point cut in December is likely,” an analyst remarked.
Currently, the Bank of Canada projects 2% GDP growth in the fourth quarter, but this figure is likely to be revised downward. With government forecasts suggesting population declines, the central bank may adopt a more cautious approach for 2025.
Deputy Governor Mendes of the Bank of Canada stated that inflation is gradually easing and will eventually stabilize at 2%. Lower inflation will boost consumer and business confidence, encouraging spending and investment. If the economy evolves as anticipated, further rate cuts could be possible. However, he emphasized that decisions will be made step-by-step, considering both above-target and below-target inflation. Mendes warned that additional measures to curb inflation might hurt economic growth, with potentially more negative long-term consequences than short-term benefits.
According to Axios, a senior Canadian Liberal minister involved in Sunday’s negotiations stated that Canadian officials plan to “visibly and robustly” enhance border security following a meeting between Prime Minister Justin Trudeau and President-elect Trump. Trump previously threatened to impose tariffs on Canada and other countries due to his concerns over migrants and drugs entering the U.S.
Dominic LeBlanc, Canada’s Public Safety Minister, told CBC Radio and Television that Canadian officials met with Trump and Commerce Secretary nominee Howard Lutnick to discuss tariffs and their implications for the economy. LeBlanc stressed that existing border security cooperation remains strong but noted concerns over firearm smuggling from the U.S.
LeBlanc also shared that during an informal dinner with Trudeau, Trump jokingly suggested that Canada become the 51st U.S. state. He clarified that the comment was made in jest and was not meant seriously.
XAU/USD 04 December 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bearish.
-> Internal: Bullish.
Bias/analysis remains the same as analysis dated 25 November 2024.
Price Action Analysis:
As mentioned in yesterday's analysis dated 24 November 2024, whereby price was expected to print a bearish CHoCH. This is how price printed.
Currently, price is trading within an established internal range.
Intraday Expectation:
Price is anticipated to trade down to either discount of internal 50% EQ, which is marked in blue, or H4 demand zone before targeting weak internal high priced at 2,721.420.
Note:
With the Federal Reserve's dovish stance and persisting geopolitical uncertainties, heightened volatility in Gold is expected to continue. Traders should proceed with caution and adjust risk management strategies in this high-volatility environment.
H4 Chart:
M15 Analysis:
-> Swing: Bearish.
-> Internal: Bearish.
Today's analysis and bias will remain the same as analysis dated 26 November 2024.
Price Action Analysis:
Intraday expectation and analysis dated 25 November 2024 printed as anticipated, with price successfully printing a bearish iBOS after targeting the weak internal low.
A correction from yesterday's intraday expectation: instead of targeting the weak internal high, price was expected to target the weak internal low.
Price has since printed a bullish CHoCH, indicating, but not confirming, bullish pullback phase. We are now trading within an established internal range.
Intraday Expectation:
Price is anticipated to trade up to either the internal 50% EQ or the M15 supply zone before targeting the weak internal low at 2,605.310.
Alternative Scenario:
The H4 timeframe has printed a bearish CHoCH, indicating the initiation of a bearish pullback phase coupled with the fact that H4 TF is now trading in discount of internal 50%. However, this suggests that bearish momentum on M15 may face limitations as the broader H4 phase unfolds.
Note:
Given the Federal Reserve's dovish stance and persistent geopolitical tensions, volatility in Gold prices is likely to remain elevated. Traders should remain cautious and prepared for potential price whipsaws in this high-volatility environment.
M15 Chart:
Copper - Markets await employment data!In the 4H timeframe, copper is located between EMA200 and EMA50 and is moving in its descending channel. Copper moved down from the supply zone of the previous analysis. If the upward trend continues, it is possible to sell copper in the next supply zone. The downward correction of copper will provide us with the opportunity to buy it with the appropriate risk reward
The governor of the People’s Bank of China (PBoC) has stated that the central bank will maintain its accommodative monetary policy in 2025. The bank also aims to promote sustainable development in the real estate and capital markets through effective utilization of structural monetary policy tools.
Meanwhile, the United States has imposed new export restrictions designed to curtail China’s ability to advance its high-tech semiconductor industry and slow the development of military applications for artificial intelligence (AI).
In response, the China Internet Association has expressed that these restrictions will significantly harm the healthy and sustainable growth of China’s internet industry. The association has also urged domestic companies to exercise caution when purchasing American chips and to seek expanded cooperation with chip manufacturers from other countries.
In a retaliatory move, China’s Ministry of Commerce has announced a ban on exporting key rare earth metals to the U.S. and is considering stricter reviews for graphite exports. These raw materials are critical for industries such as semiconductors, military systems, electric vehicle batteries, and solar technologies. The ongoing trade tensions between the two nations could have far-reaching consequences for both sides.
In the U.S., it is anticipated that November’s employment figures will reflect recovery after being weighed down by recent storms and a major strike.This aligns with a labor market that remains healthy but is gradually normalizing. According to a Bloomberg survey, nonfarm payrolls (NFP) likely increased by 200,000 in November, with the unemployment rate holding steady at 4.1%.
As the Boeing strike ends and recovery efforts from recent storms begin, November’s job report is expected to be less affected by unusual factors. However, a consistent decline in job openings, moderate employment growth, and layoff plans from companies like Boeing and General Motors indicate a softer labor market overall. These developments, along with Friday’s employment data, could significantly influence future Federal Reserve policy decisions and market expectations for interest rate cuts.
The Wall Street Journal reports that the U.S. construction industry is facing new challenges. The Trump administration’s immigration and trade policies have left homebuilders in a vulnerable position. New tariffs and restrictions on immigrant labor are two key pressures confronting the industry.
For instance, McKinney, Texas, which two decades ago was accessible only via a two-lane highway, has now grown to a city of over 200,000 residents, becoming one of the fastest-growing areas in the country. This city’s development has relied heavily on immigrant labor and industries dependent on imported steel and commodities. However, recent policies are imposing new challenges, leaving homebuilders grappling with even greater difficulties.
BTCUSDT 1h updateAt 8:00 AM (UTC+7) on December 4, a balance formed in the sell zone at 96,374 USDT, following an entry with a bearish tendency at 12:00 AM on December 3. After this upthrust—a temporary price increase above resistance that quickly reverses—there was no significant activity from either buyers or sellers. On the 5-minute chart (M5), no definitive levels have been established yet. If such a level forms and sellers become more active, an M5 upthrust could present a favorable entry point.