POTENTIAL SHORT OPPORTUNITY USDCADHello everybody hope you are doing awesome! Just wanted to come on here and give a potential swing trading opportunity I see on the US DOLLAR VS CANADIAN DOLLAR (USDCAD). So let's dive in!
Okay so let me give a breakdown for each timeframe of what I am seeing that led to my bias of the next potential move on USDCAD being to the downside for this upcoming week.
Weekly Timeframe
1. Price is overbought coming into a past supply/resistance zone. Price last week left a downside wick (hanging man) formation which I believe will be filled
2. There is a nice demand zone and bullish trendline lining up to the downside (ALSO fib retracement 78.6% confluence)
Daily Timeframe
1. Price is slowing down
2. Extreme bearish divergence on the daily timeframe
3. RSI is in overbought conditions (which you can see what has happened in the past)
4H Timeframe
1. Watching the buyer momentum making sure it isn't too strong (dominant)
2. Extreme bearish divergence as well
3. Watching for a run of weekly highs and maybe double divergence/run of highs
ALRIGHT! Hope that made sense! I definitely see a good amount of potential confluence here on this setup so let's see how price forms this week and see if it plays out to the downside!
If you enjoyed the analysis as always please boost this post and follow my page for more analysis! Cheers!
Multiple Time Frame Analysis
Incoming 50% collapse to $70 for AirBnb“Airbnb a tech company and its founder and CEO Brian Chesky isn't shy about that.”
source: hotelsmag.com
It’s an online letting agent!
A $86 billion one at that. Feels like WeWork Déjà vu all all over again. A landlord with a cool name and a website now becomes a tech company.
AirBnb was always on my list for accommodation searches when travelling. Today a hotel is almost always my first choice, even if that is for a stay of up to 10 days.
What changed?
1) Affordability. I draw the line when the cost of a mediocre “key-code” to enter AirBnb accommodation matches that of a 4 or 5 star hotel. I don’t know what hosts are thinking. One possibility is servicing overstretched mortgage costs.
2) Gentrification. Affordable housing has been swallowed up by landlords as they exchange from longterm to short term holiday lets in the pursuit of more money. The landlords can’t be blamed when interest rates have been so low, but the effect on city centres is evident. One city centre I visited a few months ago, the whole townhouse was AirBnb’d divided into several units. Depressing.
I think we’re now on the verge of a swell of those Landlords selling up as it becomes clearer with each month there are easier ways to make money whilst not holding onto an overpriced asset.
If I’m correct, the selling pressure will ultimately impact the business model, charging overpricd fees. Speaking of fees..
3) Cleaning fees. Don’t get me started.
Imagine checking out of a hotel “And your cleaning fee...”
The technical analysis
On the above weekly chart:
1) Price action and RSI support breakouts have printed.
2) Broken market structure. This is a perfect technical example of broken market structure confirming resistance from the last higher low. A trend reversal is now confirmed.
3) The Bear flag has confirmed. Past support confirms as strong rejection. Price action is forecast to strike $70
Is it possible price action continues to print upwards and onwards? Sure.
Is it probable? No.
Ww
AUDUSD "LONG" IDEA (SMC - ICT)On the following chart we have a possible movement of the price upwards.
- We swept internal liquidity (IRL) on HTF
- We made a Market Structure Shift (MSS) on 1H
- However we left some Imbalanced (IMB) area below which can possible mean we made an Inducement (IDM).
I might get into buy's right on Fibonacci Optimal Trade Entry (OTE) level with 1% of my balance.
If we go lower. Will wait for another Confirmation Entry (CE)
XAU/USD 08 November 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
Price has now printed a bullish CHoCH indicating bullish pullback phase initiation.
Price has reacted from premium of 50% established internal range.
Intraday Expectation: Price is expected to weak internal low priced at 2,643.355
Note: Due to the Fed’s softer stance and ongoing geopolitical tensions, we should remain mindful that volatility in Gold is likely to persist.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price Action Analysis: Price has printed a bullish iBOS followed by a bearish CHoCH, indicating the initiation of a bearish pullback phase.
Intraday Expectation: Technically, price is expected to react from either the discount of 50% internal equilibrium level (EQ) or the M15 demand zone before targeting the weak internal high.
Alternative Scenario: Given that the H4 timeframe is in a bullish pullback phase, it's no surprise that the M15 chart has printed a bullish iBOS. However, with H4 price trading up to premium of 50% internal EQ and reacting from that premium zone, it wouldn’t be surprising if the price prints a bearish iBOS.
Note: With the Fed's softer policy stance and escalating geopolitical tensions, elevated price volatility is likely to persist.
M15 Chart:
USDCHF - Dollar will continue to grow after FOMC?!The USDCHF currency pair is above EMA200 and EMA50 in the 4H timeframe and is moving in its upward channel. In case of upward correction, we can see the supply zone and sell within that zone with appropriate risk reward. The bottom of the ascending channel will be the target of this move.
The Federal Reserve recently reduced its interest rate by 0.25%, bringing it to 4.75%. The Fed’s statement indicates that the “labor market has cooled,” whereas the previous statement had only mentioned a “slower job market growth.” Additionally, there appears to be a slight decline in confidence regarding inflation reduction.
Jerome Powell, the Federal Reserve Chair, emphasized that he will remain in his role until the end of his term. When asked about fiscal policies, Powell stated that such matters are outside the Fed’s authority. He added that if the economy remains strong and inflation does not reach the 2% target, monetary policy adjustments may occur at a slower pace. He also highlighted that the policies of any administration or Congress could have significant economic impacts, but these effects will be evaluated alongside other factors.
The recent report on Switzerland’s consumer inflation index indicates that the global landscape has not changed significantly from the pre-COVID era. After the inflation shock of the COVID period, some banking officials speculated that the world was entering a new phase where zero or negative interest rates were unlikely, and the neutral rate would be higher. However, there is no strong evidence to support this claim, especially with the major transformations anticipated from the growth of artificial intelligence. Furthermore, many analysts believe that the risks associated with de-globalization and demographic arguments are not as compelling.
In September, the Swiss National Bank revised its inflation forecast for 2025 from 1.1% to 0.6% and also adjusted the interest rate. The inflation forecast for this year was revised down from 1.3% to 1.2%. The next meeting of the Swiss National Bank is scheduled for December 12, and if current conditions persist (including energy prices and exchange rates), a 50-basis-point rate cut could become a strong option.
Deutsche Bank also sees an increasing likelihood of a return to negative interest rates, noting factors that could lead to higher risk and a stronger Swiss franc. These challenges are not exclusive to Switzerland; Europe as a whole is facing similar issues. Deutsche Bank has indicated that, currently, inflation in Europe does not pose a significant problem.
CADJPY TRADE IDEA We are anticipaing for a BEARISH MOVEMENT on this Pair,Currently the CADs are weak, and you can confirm that from the GBPCAD and so on, secondly on this JPY, we are beginninng to see some sign of strength, while also on the CADJPY CHART, Price is sitting on a DAILY SUPPLY ZONE,we also have some H4 CANDLE CONFIRMATIONs with LTF as an Additional Confluence. You can add this to your WATCH-LIST, if this matches with your IDEA.
Brent - Oil waiting for new tensions?!Brent oil is above EMA200 and EMA50 in the 4H time frame and is moving in its upward channel. At the bottom of the rising channel, which is also at the intersection with the demand zone, we will look for oil buying positions.
If the upward trend continues, it is possible to look for oil selling positions within the specified supply zone.
Israel plans to use U.S. military aid funds for purchasing new fighter jets. According to the Times of Israel, the United States has deployed additional F-15E fighters to the Middle East, especially to Jordan, due to a possible Iranian attack on Israel.
Iranian leaders have warned of a “punitive” attack in response to previous Israeli assaults. Additionally, reports indicate that the United States has sent several B-52 bombers and THAAD missile defense systems to the region.
Prolonged tensions in the Middle East could create significant risks for energy prices. Other upward risks include lower-than-expected North American oil production, increased competition for liquefied natural gas shipments, and higher-than-anticipated coal and natural gas consumption in Asia. Conversely, notable downward risks for energy prices also exist, particularly if the OPEC+ supply cuts end sooner than expected. This could lead to an oversupply of oil as well as slower-than-anticipated economic growth, including in China.
The World Bank, maintaining a bearish outlook on the energy sector, forecasts a 6% decline in oil prices in 2025 and a 2% decline in 2026. Although geopolitical uncertainties may generate market volatility, analysts clearly foresee downside risks for oil.
Citibank has projected that a second term for Donald Trump could exert downward pressure on oil prices through 2025, forecasting Brent crude to average $60 per barrel. Trump’s policies might reduce OPEC+ production and ease geopolitical tensions. These policies may also have mixed effects on global economic growth, potentially slowing global oil demand growth. However, the immediate impact on physical oil markets is expected to be limited.
AVAXUSDT.P / M15 / LONGAVAXUSDT may rise from the Bullish Order Block
Pair: AVAXUSDT
Analysis: Smart Money Concepts (SMC)
Trend: Uptrend
Bullish Order Block: 28.363 - 27.832
AVAXUSDT is showing a strong uptrend, and I’ve identified a Bullish Order Block between 28.363 and 27.832. Price may potentially rise from this order block as it serves as a support zone for buyers. Given the bullish trend, taking a direct entry with a small lot could be favorable, aiming to capitalize on the trend continuation.
There is a high probability that this trade will end in profit, provided the price respects this bullish order block. Let’s watch and see how price action unfolds. I’ll update the analysis as necessary!
AVAXUSDT.P / M15 / LONG
LEVERAGE :- 25X
Entry Price :- 28.363
Take Profit :- 29.831
Stop Loss :- 26.895
XAUUSD - Gold after the FOMC?Gold is located between EMA200 and EMA50 in the 4H timeframe. Gold reached its analysis target of the previous day. In case of upward correction due to today's economic data, we can see supply zone and sell within that zone with appropriate risk reward.
The downward correction of gold has led to the visibility of the demand zone and it is possible to look for buying positions. It should be noted that both buying and selling positions will be short-term.
The Federal Reserve reduced its interest rate by 0.25%, aligning with market expectations, bringing the total rate down from 5% to 4.75%. In the Federal Open Market Committee (FOMC) statement, a line mentioning increased confidence in inflation returning to target was removed, initially prompting markets to react hawkishly. However, Fed Chair Jerome Powell quickly downplayed this change, stating that it held no special significance.
In his remarks, Powell assessed the U.S. economic outlook as positive and indicated that the Fed would continue with its contractionary monetary policies. He noted that inflationary pressures are easing and that the inflation rate is gradually nearing the 2% target. Powell emphasized the importance of reducing the risk of an economic recession and thus stressed that the Fed’s approach would remain cautious to ensure economic growth and labor market stability, with interest rates managed in a controlled manner.
During the press conference following the Fed meeting, a reporter asked Powell if he would resign if asked by Donald Trump. Powell replied simply and firmly: “No.”
Meanwhile, according to The Wall Street Journal, sources close to Trump have stated that there is still no organized plan to end the war in Ukraine, nor is there any clear idea on how to convince Vladimir Putin and Volodymyr Zelensky to agree to negotiate. One idea under discussion involves Ukraine agreeing not to join NATO for the next 20 years. In exchange, the United States would continue providing extensive military aid to Ukraine as part of a strategy to deter Russia from further aggression.
SolanaHi guys
on the weekly time frame; If the red downtrend line breaks upwards, we may be ready to complete the flag pattern.
But the situation is not interesting here at the moment.
If the red support area ($104.5) is completely consumed, we expect a reaction from the area of $188.4 or $160.3, and the possibility of continuing the downward trend to the specified price area is strengthened.
If the support area of $104.5 is preserved and the downtrend line is broken upwards, our mentality for an uptrend will be strengthened.
What do you think?
How I Rode the Gold Trend Using Multi-Timeframe AnalysisHey Traders! 📈
I want to share an analysis of a recent opportunity on Gold that came up, focusing on using multi-timeframe analysis to spot a reaccumulation pattern.
Market Context:
On the daily timeframe, Gold was showing a retracement. By zooming into the 1H timeframe, I identified what seemed like a reaccumulation (REACC) model—giving a potential entry point to go long in this trending market.
The Entry Setup:
On the 1H TF, after a retrace, the price continued the uptrend with strong structure, confirming a breakout.
I entered long, aligning with the market trend and using a trailing stop to manage the position and capture potential further upside.
Floating PnL:
Right now, the trade is floating around 12RR and still trailing! This is a great example of how multi-timeframe analysis can help uncover high-probability setups.
This educational breakdown is meant to help others see the power of combining market structure and risk management to stay in profitable trades. Hope this helps you spot similar setups in the future! 🚀
Leave a comment if you surfed with this trend too!
FILECOIN LONG-SWING TRADINGI’m starting to go long on altcoins, beginning with Filecoin. I see a realistic target before the weekend, ahead of a potential breakout.
BINANCE:FILUSDT
This is a swing trade setup, with the plan to close it by the weekend or on Sunday at the latest.
Entry Strategy:
OTE (0.705) + FVA + FVG + Overlapping Defense
Trade Management:
Consider taking the first profit at the 1.62 Fibonacci level. However, with altseason on the horizon, I'm aiming higher—targeting the 2.62 level to close the trade if all goes as expected.
Altseason is approaching. Stay calm; there’s still time to position yourself for solid entries at good prices before December.
XAU/USD 07 October 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
As highlighted in my analysis dated 31 October 2024: We should remain aware that the daily timeframe has been showing early signs of a potential bearish pullback phase initiation, suggesting that price could print a bearish iBOS despite H4 internal structure being bullish.
This printed as anticipated, with price printing a bearish iBOS that also confirmed the swing structure.
Price is now trading within an established swing range.
Intraday Expectation: Price is expected to print a bullish CHoCH, indicating the start of a bullish pullback phase.
Note: Due to the Fed’s softer stance and ongoing geopolitical tensions, we should remain mindful that volatility in Gold is likely to persist.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
As detailed in yesterday's intraday analysis dated 06 November 2024, I noted that price was expected to target the weak internal low.
Price printed to this expectation, successfully targeting the weak internal low and printing a bearish iBOS.
Following this, price has printed an additional bearish iBOS and a bullish CHoCH, confirming the internal range.
Intraday Expectation: Price is anticipated to target the weak internal low after reacting from either the premium of 50% EQ or the M15 supply zone.
Note: Considering the Fed’s softer stance, and rising geopolitical tensions, price volatility is likely to remain elevated.
M15 Chart: