Multiple Time Frame Analysis
BITCOIN (BTCUSD): The First Buying Opportunity
Following our yesterday's support and resistance analysis for BTC,
the market is currently approaching a key daily horizontal support.
After its test, I see a clear intraday sign of strength of the buyers
with a formation of an ascending triangle pattern on an hourly time frame.
I expect a bullish movement at least to 94400
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NZDUSD SHORTMarket structure bearish on HTF 30
Entry at both Daily and Weekly AOi
Weekly Rejection at AOi
There is a strong weekly support level which was recently broken, Looking at a potential retest of that zone
Daily Rejection at AOi
Previous Structure point Daily
Around Psychological Level 0.59000
H4 EMA retest
H4 Candlestick rejection
Levels 6.74
Entry 100%
REMEMBER : Trading is a Game Of Probability
: Manage Your Risk
: Be Patient
: Every Moment Is Unique
: Rinse, Wash, Repeat!
: Christ is King
Silver AnalysisThe chart is in a bearish phase on the daily timeframe. Given the price movement, support around the 29.140 level is not unexpected. With proper risk management, a buy position can be considered in this area.
This analysis is based on price action, multi-timeframe analysis, and ICT (Inner Circle Trader) methodology.
This analysis is brought to you by the FXonbit Traders Team
A Bearish OpportunityThe market has been forming a series of higher highs and higher lows, but with weaker broken highs. An hourly liquidity sweep led to a swift bearish movement, clearing the swing low at 1.47490. Anticipating a flip to level 1.48000 for a bearish entry.
Trade Plan:
- Entry: 1.48000
- Stop Loss: 1.48500 (50 pips)
- Target: 1.45912 (over 200 pips)
- Risk-Reward Ratio:
Market Analysis:
- Market structure: Higher highs and higher lows, with weaker broken highs
- Liquidity sweep: Hourly sweep led to a swift bearish movement
- Swing low: 1.47490
Incoming 50% for Dogecoin ??**short term analysis - Days and weeks ahead**
On the above 3 day chart price action has enjoyed a massive 320% rally over the last 2 months thanks to you know who.
A number of reasons now exist to be “short”, despite the myriad of long ideas currently on the platform.
1) Price action prints bearish divergence.
2) Price action was recently outside the Bollinger Band. We know 95% off all price action trades around the mean, which is currently 50% below.
3) Remaining on the Bollinger Band notice the slight inward curve (red arrows)? This is informing you the current extension in price action is now exhausted.
4) Lastly, support and resistance. 20 cents was resistance for multiple months. Healthy market structure would see past resistance confirm as support before the continuation of the uptrend.
Is it possible price action continues upwards and onwards? Sure.
Is it probable? No.
Ww
AUDUSD ENTRY CHARTFirst, AUDUSD Mid-Term Trend is BULLISH, also we have the confluence of DXY, as we expect DOLLAR to be weaken today, also after the market GAPs, price has come back to fill it, with a H4 DEMAND ZONE, refine to the 30mins tf, we got our Confirmation Entry, and we decide to take the Trade and also share it for everyone for free. So if this SETUP matches with your IDEA, you can join us.. We will give UPDATE in the UPDATE SECTIONS. Thanks
XAU/USD 26 November 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bearish.
-> Internal: Bullish.
Bias/analysis remains the same as yesterday's 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.
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:
USDJPY: Your Trading Plan Explained 🇺🇸🇯🇵
USDJPY is trading within a rising parallel channel on a daily.
The price is currently testing its support.
To buy the market with a confirmation,
watch carefully a bullish flag pattern on a 4H time frame.
A bullish breakout of its resistance and a 4H candle close above will
give you a strong bullish signal.
With a high probability, the price will keep rising then
and reach at least 155.3 level.
Alternatively, a bearish breakout of a channel's support on
a daily may push the prices lower.
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