Read The USDCHF MarketLet's Look at USDCHF Chart and Analysis the last Price Actions for finding some trade Opportunities, Good Luck With Your Trades <3
Multiple Time Frame Analysis
Read The XAUUSD MarketLet's Look at XAUUSD Chart and Analysis the last Price Actions for finding some trade Opportunities, Good Luck With Your Trades <3
Read The GBPUSD MarketLet's Look at GBPUSD Chart and Analysis the last Price Actions for finding some trade Opportunities, Good Luck With Your Trades <3
CHAINLINK (LINKUSD): Bullish Move After Breakout
Link broke and closed above a significant horizontal daily resistance.
Retesting the broken structure, the price bounced and violated
a resistance line of a falling wedge pattern.
It indicates a highly probable coming resumption of a bullish trend.
With a high probability, the price will hit 26.5 level soon.
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Read The EURUSD MarketLet's Look at EURUSD Chart and Analysis the last Price Actions for finding some trade Opportunities, Good Luck With Your Trades <3
NIFTY Trade Setup for Wednesday (04-Dec-2024)NSE:NIFTY
Key Notes:
NIFTY FUTURES OI Data is Bullish Bias.
Previous day, Price closed at Demand (M15) zone.
Price is looking for Buy Stops at the premium zone.
There are cluster of Institutional bearish reference levels to hold the price.
If there is a gap up opening today, price must break the bearish reference level.
If price fails to break even with gap up, Price will like to take U turn from bearish levels.
BANKNIFTY Trade Setup for Wednesday (04-Wed-2024)Key Notes:
Bank nifty swept previous day Buy Side Liquidity (BSL) indicating probable downfall,
Price is under higher time frame (H4) Institutional reference levels
Institutional references identified
Bearish Order Block
Bearish Mitigation Block
Buy Side Liquidity (BSL)
Bank Nifty Futures OI data indicating strong bullish bias
Most Likely Bank nifty is going to give a strong breakout from institutional reference levels
Morning Session price may open with strong gap up.
If gap up is strong enough to break all the key levels, Entire day bullish view
If gap up is held strongly by bearish order block, then price is going to take a sharp downfall.
Those who carried shorts for delivery yesterday going to experience some pain today.
FANTOM BULLISH-POTENTIAL 6.39RRFantom (FTM): A Bullish Opportunity with Controlled Risk
BINANCE:FTMUSDT
The current price action of Fantom presents an attractive setup for taking calculated risks. Here are the key bullish arguments supporting this perspective:
Previous Monthly Low (PML - November): Disrespected, signaling strength.
Previous Monthly High (PMH): Disrespected, further affirming bullish momentum.
Monthly Bullish Fair Value Gap (FVG): Holding so far; confirmation expected by early Sunday morning.
Previous Weekly High (PWH): Disrespected.
Previous Weekly Low (PWL): Disrespected.
Daily Bullish FVG: Being respected, showing demand at this level.
4H Swing High: Disrespected.
4H Swing Low: Disrespected.
Bearish Arguments:
Previous Daily High (PDH): Respected, a minor resistance to watch.
Previous Daily Low (PDL): Respected.
Trade Management:
Stop Loss (SL): $0.84–$0.82
Take Profit (TP): $1.90–$1.88
Entry Zone: $0.9951–$0.9683
Risk-to-Reward Ratio (RR): 6.39
I am using Quantfury to manage this trade, a platform I find effective for precise execution.
Final Thoughts: The market appears poised for further upside, but stay disciplined and avoid being influenced by noise. The next five months are crucial for crypto, requiring full focus and adherence to your own strategies. Remember, every lesson comes from experience, not just from external opinions.
Stay patient, trade smart, and blessings to all!
Trade Recap: EURUSD - SHORT (SCALE-IN), 03/12/2024EU Bias Analysis: The 4H Is in the process of establishing a bearish pro-trend as price broke lower. Partial profit had been secured and stops were at breakeven which allowed me to then seek scale-in opportunities on this pair. Short entries were in line with the bearish 1H range and price had pulled back into EPD. After a TBL sweep heading into London Open short entry confirmation was received and the scale in was executed.
Grade: Low Risk
Is Tellor (TRB) about to 25x until $1500 ??On the above 3 day chart price action has corrected 90% from $600 since December 2023. A number of reasons now exist to be long. They include:
1) Price action and RSI resistance breakouts.
2) Trend reversal in both price action and RSI.
3) Dragonfly DOJI print on past resistance confirming support.
4) The Bull flag. The bull flag confirmation forecasts a 2nd impulsive move to the $1500 area by Spring of 2025.
Is it possible price action corrects further? Sure, retail traders like nothing more than capitulation after a 90% correction.
Is it probable? No.
Ww
Type: trade
Risk: you decide
Timeframe for long: Within this month.
Return: 2500%
XauUsd Sell Limit OrderHi everyone. We have a strong pullback and I think this area can be a good place to set a sell order. Please consider the risk management and good luck.
Dear traders, please support my ideas with your likes and comments to motivate me to publish more signals and analysis with you.
Best Regards
Navid Nazarian
XRP heading for 70% correction to 60 cents?17 days ago the “Incoming 40% collapse for XRP” idea was published at 1.15. Price action has rallied another 130% since then. Emotions are aplenty throughout the comment area with demands for a refund, and bulls now calling for an additional 10x by this time next year.
Whether this idea is right or wrong is not the point, it is about facts.
The facts:
1) Price action is now at legacy resistance from 2017 (see chart below). In other words, if you’ve held this token since that time this is now your first chance to secure a 0% gain.
2) Price action is outside the Bollinger Band just as below. Why is this time difference?
2a) RSI support breakout.
2b) This is also true for the XRP.btc pair, which was not true before.
3) Lastly the Bollinger Band is now curling up and inwards (like in the Dogecoin idea), momentum and volume is now leaving this market.
4) Price action is up 10x from the lows. A correction for 70% instead of 40% is forecast. Price action must backtest the resistance breakout as support to confirm uptrend.
Is it possible price action continues up? Sure.
Is it probable? No.
Ww
Legacy resistance on Monthly
GBPUSD ENTRY IDEAOn this Pair, we are looking for a BUY CONTINUATION, as we expect the DXY to continue with its weakness, also we have a trend shift on this pair on the LTF, we also have a LIQUIDITY AREA below our DEMAND level, so if this Entry setup matches with your idea, you can add to your watch-list. update will be given in the UPDATE SESSION.
GBPUSD continuation to the downside.Observation: Price opened and rallied upwards during the London session, potentially creating the high of the day/week.
Key Level: Filled the SIBI (Sell Imbalance) on the 15-minute chart.
Expectation: Possible reversal targeting the sell-side liquidity at yesterday's low.
May also target last week's low for a trade of the week.
Incoming 40% collapse for XRP** short term analysis, the days ahead **
Price action on XRP has returned an impressive 150% gain in the past 10 days. A number of reasons now exist for a reversal and correction. On the above daily chart:
1) RSI and MFI support breakouts. Don’t ignore a MFI breakout, this is informing you money is exiting the asset.
2) Confirmed Gravestone DOJI candle.
3) Price action is currently outside the Bollinger Band. We know 95% of price action trades around the mean, currently 73 cents.
3a) Notice the inward curve on the band? This little observation informs us buyers are exhausted.
4) Everyone on tradingview is long / bullish. Remember the majority will lose money.
www.tradingview.com
Is it possible price action continues upwards and onwards? Sure.
Is it probable? No.
Ww
XAU/USD 03 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:
Xauusd Buy Limit OrderHi everyone.
I think before we get to our previous sell entry setup point, It's possible that we grab all liquidities below that level and touch the 30Min OB and then go up again...
Let's see what happens...
Dear traders, please support my ideas with your likes and comments to motivate me to publish more signals and analysis for you.
Best Regards
Navid Nazarian
GU SHORTS??The bearish trend likely to continue after the test of a significant hourly resistance. Price likely headed towards the next 15 min inverse or even lower to test the hourly base of the range.
ONLY TIME WILL TELL
USD/JPY looks set for some mean reversionWhile the USD and yen have been the strongest currencies so far this week, I suspect the decline on the USD/JPY daily chart is overdone on the daily chart and due a bounce.
A Doji formed on Monday at the October VPOC (volume point of control) to suggest demand just above 149. Given the bullish divergence on the daily and 4-hour RSI (2), the bias is to seek dips within the support zone in anticipation of a bounce to the weekly pivot point around 151.
CHFJPY: One More Buying Opportunity 🇨🇭🇯🇵
One more buying opportunity for today is on CHFJPY pair.
After a test of key daily support, the price formed an ascending
triangle pattern on an hourly.
We see a positive bullish reaction of the price after a breakout of its neckline.
The pair may reach 169.45 level soon.
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EURJPY: Time for Pullback 🇪🇺🇯🇵
EURJPY looks too oversold after the yesterday's bearish movement.
Testing a key daily horizontal support, we see a clear intraday
bullish reversal.
The price formed a cup & handle pattern on an hourly time frame
and successfully violated its neckline.
We can anticipate a pullback at least to 157.9
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BTCUSDT deal on 5m
📅 Date: Tuesday, December 3, 2024, 03:00 (UTC+7)
Market Analysis:
- 📊 Daily Chart (1D): Impulse phase with a long tendency. Zone: Neutral.
- 📈 Hourly Chart (1H): Impulse phase with a short tendency. A two-bar Spring pattern formed at T1 buy level.
- ⏱️ 5-Minute Chart (5M): Impulse phase with a long tendency. A two-bar Spring pattern with a test formed at T2 buy level.
💰 Trade Result:
A conservative counter-trend deal was completed with a 1:2 risk-to-reward ratio. Take Profit was hit. Profit: 0.55%.
Sam Veisi
