Multiple Time Frame Analysis
Will XRP Ever see sub $2 again? My thoughts inside.Will XRP Ever see sub $2 again❔️
Here is my current thoughts.🤔
📈 As we enter a new year and the close of a number of higher time frame candles it's easier to take a step back and look at the bigger picture.📉
There is no rush to act now.
One GOLD phrase I use a lot when trading is
🌟"Hurry Up & Wait"🌟 👌
Regarding XRP right now.
I do not know and it is ok to say so belive it or not.👍
It's easy to assume that after nearly 25 years of trading I should always have a trade on or know where the next one is. For me anyway that is not the case and for many other very successful traders I know that stands for them too.✅️
🟢 On the current 60min chart the 8 hour leg up that just took out my key high noted in my earlier chart yesterday will tell me where I want to be depending on the next leg, be it either the continuation or retracement/reversal created in the next 8 hours will give me a better picture.
ℹ️ However whilst price remains above 2.10 USD I do not want to take the short side of XRP.
BTCUSDT SHORT IDEA. BASED ON LIQUIDITY AND MARKET STRUCTUREWhile the long-term direction of the premier crypto is upwards, with targets at 250k, a slight correction to the previous ATH isn't out of contention.
On that note, I'm expecting a drop from around the 100k level towards the previous ATH around 70k-ish.
Why 100k? It is both a valid technical and psychological level. Technically, 100k rests at the Internal Range liquidity for the present price leg.
Not a financial advise. Do your own research.
Long trade
1Hr TF overview
Pair DOGEUSDT
Buyside trade
Mon 30th Dec 24
5.00 pm
NY to Tokyo Session PM
Entry 0.31324
Profit level 0.33755 (7.76%)
Stop level 0.30776 (1.75%)
RR 4.44
Reason: The buy-side momentum since Monday, December 30th, 2024, reaching a pivotal demand zone and making an internal higher low from the NY to Tokyo session - indicates a buy-side trade idea.
Update: EUR/USD Downward Movement to Continue?In my previous analysis, I highlighted the potential for bearish continuation, targeting the sell-side liquidity (SSL) below.
As anticipated, the price respected the retracement into the Daily FVG and Fibonacci zones, sweeping liquidity by taking out the highs. This reaction confirmed bearish intent. On the lower timeframes, a clear entry opportunity emerged, and the pair has since moved lower, heading toward the anticipated SSL target.
The bearish structure remains intact, with the next key area of interest around the liquidity pool below.
This setup took a week to deliver an entry, but the rewards were definitely worth the wait! This goes to show that patience is essential in trading—there’s absolutely no need to trade every day to succeed.
Trade safe!
XRP Ready to POP or FLOP? My entry bar maybe my exit too!
I shared my last short during the formation of this 240min bar (marked on the chart) and I have held onto both of my shorts however price hasn't tipped it's hand as of yet.
I don't like what I'm seeing here and being the last trading day of the year and having this position still in a very small profit I will be exiting my shorts just above break even and call it a year if price breaches the high of previous bar of my last short entry.
ℹ️ My XRP buy limits will remain in the market regardless of the outcome of my short plan.
🟢2025 I plan on sharing a lot more and helping out where and when I can.
🟢My children have all flown the nest now so I will have a bit more time to partake in discussion and answering questions when I can.
⭐️Have a great week and year⭐️
Remember Without A Plan It's Just Gambling👌
XAUUSD Sell limit orderWe've got 104 pips of profit from the previous Idea, but I think it is possible to touch this level and grab the liquidity and then go down.
Lets 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
POV: Silver - At the Crossroads of Bullish and BearishPOV: Silver - At the Crossroads of Bullish and Bearish
Silver is currently at a conjunction level where both bullish and bearish signs are present. However, stronger signals lean bearish, and my view aligns with that.
Key Observations:
1️⃣ Complex Head and Shoulders Pattern:
A Head and Shoulders pattern is forming inside the shoulder of another larger Head and Shoulders pattern.
2️⃣ Fibonacci Levels:
The base of both Head and Shoulders patterns aligns with Fibonacci levels of 0.5–0.618.
3️⃣ Target Alignment:
Targets for both patterns converge at the same level, adding weight to the bearish outlook.
4️⃣ Shoulder Target:
The target for the smaller shoulder aligns with Fib levels of 0.764–0.786.
5️⃣ Weekly Divergence:
The higher head and previous swing in the weekly timeframe show divergence.
6️⃣ RSI (14):
SMA(RSI (14),20) falling below 50, signalling weakening momentum.
7️⃣ 200 SMA Breach:
Yesterday’s close fell below the 200 SMA, a critical bearish indicator.
Disclaimer:
For educational purposes only, not financial advice.
EURJPY update and buy setupOn our previous analysis we were bearish on EURJPY and we waiting to place sell positions. Price respected our analysis and we were able to place sell positions which are currently running in profit. However, we are currently prepping ourselves to take buy positions to hedge our sell positions. I will keep you updated.