XAUUSD LONG AND SHORT Hi Friends
I'm back with another analysis, To begin with gold is in a downtrend and there are multiple supply levels which the immediate one is a 5 min supply level around 2025-2026. then above it we have 2027 level which this morning market reacted to. Currently market is above the demand level of 19 and has reacted to it multiple times already. incase market continues downward other levels do exist for a long trade.
In case we go up supply levels are also drawn.
* As always add your intuition and logic into this analysis and trade cautiously
*Be honorable
Orderflow
Xauusd buy & sellHello Friends, I'm back with another gold analysis.
Market is trapped between level 30 and 24 and is oscillating in 70 pips range. Above 30 we have level 37 then above it 47, in case market were to go down demand levels would be 16-12 and level 2008.
*Note that level 37 was tested yesterday and it would be second time being tested if price gets there.
Today's news will give energy to the market for next move so as always do your own assessment and analysis before taking any trades
*Be honorable
XAUUSD BUY AND SELL ScenarioHi guys,
I'm back with another analysis on gold , Market reacted to my levels from previous analysis. Now new levels are available for both short and long trades.
Market is moving up now and there are multiple supply levels available some fresh and some tested before. level 32 is our immediate supply level, following that we have level 43 then 47 and higher levels.
To go long we also have level 24 which market reacted to, hours ago. Below it we have level 19 and 16-14 then 2008.
#As always add your own logic and intuition into this.
#Make sure you pay attention to the news which will be released in an hour.
Be honorable
XAUUSD BUY & SELLHi Friends,
Another analysis on gold. As always I keep everything simple. So we have multiple levels of buy and sell. Our immediate sell level is 2047-2049 which price has reacted to.
Below it we have level 27-29 as our demand level and also below it another one. in case market continues rallying up we have couple supply levels like area 61 and 73.
So we have to wait for the NEW YORK session in order to see the direction of the market.
*make sure to pay attention to the PPI news being published later today
Be honorable
RISK OFF FRIDAYThe King, Dollar Index, is in a Weekly BuySide SellSide Imbalance, BISI. Is this the end of a RISK OFF Spell for Risk Assets and a possible uptake for Dollar.
10 Year US Yields, US10Y, has led the way into its own Weekly BISI. Currency follows the Rates...so I would be highly cautions this RISK OFF FRIDAY
Afterall, the Rates are not yet cut, the indication of possible rate cuts scheduled for next is not enough to push through the weekly SIBI, or is it?
...from Kong with LOVE...
EURUSD Top-Down Analysis-BearishTaking into account that the higher timeframes dictates the price movement I started to analyze
the Monthly and Weekly chart first.
I noticed that on Monthly the order flow is Bearish and that we are right now in a Supply Zone .
On Weekly the price Changed the Structure from the big monthly Supply by liquidating a Structural Low .
Then I noted the Supply Zones in the weekly Range.
I dropped down on the 4h chart to see what the price is doing inside the weekly Supply Zone.
On 4h chart the trend is still bullish but can confirm the bearish continuation by closing below the structural low .
On the 30m chart the trend is bearish but we can take longs on 15m chart until the Supply zone on 30m is reached.
Then we will need to wait for either a confirmation that the trend will continue bearish or a change of structure to confirm the bullish continuation on 4h.
MATIC: Liquidity Sweeps as Precursors to GrowthThe crypto landscape is buzzing with excitement as MATIC (Polygon) exhibits a fascinating pattern before significant upswings – the liquidity sweeps or order flow dynamics. Notably, MATIC recently executed a liquidity sweep below the 0.5 imbalance level, signaling a potential prelude to an upward move targeting $1. Let's delve into the details. 📈🔍
MATIC's Liquidity Sweeps and Growth Pattern:
Consistent Pre-Rally Behavior: MATIC has shown a consistent pattern of conducting liquidity sweeps or order flow adjustments before embarking on notable upward trends.
Recent Sweep Below 0.5 Imbalance: The most recent liquidity sweep occurred below the 0.5 imbalance level, suggesting a potential accumulation and preparation phase for a significant move.
Key Price Levels:
Sweep Confirmation: Observing the confirmation of the recent liquidity sweep below the 0.5 imbalance level, which may act as a crucial point for initiating the next bullish cycle.
Targeting $1: With the historical context of MATIC's behavior, eyes are set on a target of $1 once the liquidity sweep is confirmed, aligning with previous growth patterns.
Trading Strategy:
Confirmation and Entry: Await confirmation of the liquidity sweep and look for entry points aligned with supportive price action and volume.
Strategic Entry Points: Strategically plan entries based on the confirmed pattern, considering your risk tolerance and trading strategy.
Risk Management: Incorporate effective risk management tools, such as stop-loss orders, to navigate potential market fluctuations.
Conclusion:
MATIC's consistent pre-rally behavior, marked by liquidity sweeps, adds an intriguing layer to its trading dynamics. The recent sweep below the 0.5 imbalance level positions MATIC for a potential surge towards $1, making it a compelling asset for traders.
Wishing you successful trades as MATIC unfolds its next chapter!
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FET - Ascending Channel with a Manipulative Move📈💨FET (Fetch.ai) has been showing a penchant for shakeouts, keeping traders on their toes. Currently navigating within an ascending channel, a recent manipulation near the lower range boundary suggests that a move towards $1 for FET might be imminent. Let's delve into the dynamics of this maneuver and explore the concept of order flow. 📈💨
FET's Shakeout Affair:
Ascending Channel: FET has been trading within the confines of an ascending channel, indicating a bullish trajectory. However, the journey is spiced up by occasional shakeouts, testing the resolve of market participants.
Manipulative Move: A recent manipulation under the lower boundary of the range caught the attention of traders, potentially setting the stage for a move towards $1.
Understanding Order Flow:
Order Flow Dynamics: Order flow refers to the continuous process of buy and sell orders entering the market. Understanding order flow involves analyzing the volume and direction of these orders to gain insights into market sentiment.
Shakeouts in Order Flow: Shakeouts are strategic moves to trigger stop-loss orders and liquidate positions, creating liquidity for institutional players. The recent manipulation near the lower range boundary can be seen as a shakeout in the order flow.
The Path to $1:
Channel Dynamics: Navigating within the ascending channel, FET may experience periodic shakeouts before potentially resuming its upward trajectory.
Target: $1: The manipulative move near the lower range suggests a potential target of $1 for FET. Traders should remain vigilant for confirmation of this move.
Trading Strategy:
Observing Order Flow: Keep an eye on order flow dynamics, especially during shakeouts, to gauge the intentions of market participants.
Confirmation: Wait for confirmation through price action before considering any significant entry or exit positions based on shakeouts.
Risk Management: Employ risk management strategies to safeguard your investments in the face of unexpected market moves.
Conclusion:
FET's journey within the ascending channel is spiced up by its inclination for shakeouts. As traders navigate these maneuvers, understanding order flow dynamics becomes crucial for making informed decisions in this dynamic crypto landscape.
May your trades align with FET's twists and turns, and the path to $1 be both exciting and rewarding.
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EURUSD TOP DOWN ANALYSIS FOR 13/NOV/2023From the daily timeframe, you can see that eurusd is in an upward channel. I will expect to see the channel last for the next few weeks because there's a possibility that the price will touch a weekly resistance zone for a retracement up above. However, the price moves in trends and made a higher high two weeks ago. Throughout last week, the price has been on a retracement move downwards and I expect the retracement to continue even lower than last week's low before the next impulse for the higher high comes.
On the 4h timeframe, we have a temporary downward channel which we expect the price to respect all the way down to 1.06500 or even lower within this week before the next move upwards again.
On the 1h timeframe, that's where I look for trading levels and from what I can see, the price is trading between 1.07000 and 1.06500. Like I already said, I expect to see the price drop so before I will take any trade, I will expect to see the price rise to the most recent resistance which is the 0.07000 level which will meet with the descending trendline resistance and act as a confluence for a possible move downwards.
In a nutshell, I will expect to see the price rise to the 0.07000 level before I start looking for selling opportunities down to last week's lows and ultimately 0.06500.
Tune in by 6:30am WAT for a video analysis on the pair.
AAVE's Bullish Pattern🌊AAVE is making waves, and it's not just another ordinary move. It's showcasing a powerful bullish pattern that suggests it's on a mission to dominate the buy side liquidity like a conquering force. The initial target in its sights? $133, and it seems to be approaching this objective with unwavering determination. 📈🌊
The Bullish Pattern Unveiled:
AAVE's price action has unveiled a striking bullish pattern that's capturing the attention of traders and investors alike. This pattern signifies a strong upward momentum, and it's not something to be taken lightly. 📊🚀
Aiming for Liquidity Domination:
What's even more fascinating is AAVE's clear intent to take over the buy side liquidity. This means it's strategically working to clear out buy orders above its current levels, creating a path for further price advancement. 🧭📈
Initial Target: $133:
The first milestone on this journey appears to be the $133 mark. AAVE is seemingly determined to reach this level, and it might not stop there. 🎯🚀
Trading Strategy:
Observation: Keep a close eye on AAVE's price action and the progression of this bullish pattern.
Risk Management: As always, implement risk management strategies to protect your investment, especially in the volatile crypto market.
Fundamental Awareness: Stay informed about AAVE's fundamentals and any news that could influence its price.
Conclusion:
The cryptocurrency market is known for its fascinating patterns and explosive price movements, and AAVE seems to be aligning with this tradition. While patterns can offer insights, they don't guarantee outcomes, so it's essential to trade wisely and adapt your strategy to the dynamic nature of the crypto space.
AAVE's determination to dominate buy side liquidity and its initial target of $133 are compelling signals. As you navigate these exciting waters, stay vigilant and informed, and may your trades be prosperous.
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LONG AND SHORT on XAUUSDHi Guy, I'm back with another analysis on gold. Previous trading idea was indeed profitable and more than 100 pips was gained. So in this trading idea I have the 1947 area which has proved itself once on September 20th and today could give us a another chance to go short but as always check the lower time frame for secure entry.
If market sells off I have multiple demand areas which could yield some profit. So make sure you have these areas on your chart and trade upon them should fit your trading system.
Be honorable
XAUUSD Bearish ContinuationHello Traders there's 1H Timeframe Short Entry We may see a continuacion of Price To the downside why because, Weekly : Bearish Daily : Bearish Everything : Bearish so we still bearish till we reach a Huge Area of Interest Or a daily O.B in this case we found a Breaker block on 1936 That our Main Target on this Trade it a 1:10 RR still we have to be cautious
USDCAD Short after bullish rallyI'm expecting USDCAD to go down based on my technical analysis.
The price is reaching the initial point of interest an is starting to range.
I'm waiting for a liquidity sweep before entering in position.
This analysis got add confirmations through :
USD Index (Starting being bearish)
CAD Index (Bullish)
COT Report showing accumulation of USD Short positions.
If you like this kind of forecast let me know with a comment or a like.