THERE IS POSSIBILITY WE COULD GET A PRICE DECLINE!!!Price has been building up high liquidity around the price level of 155.630. Ahead of upcoming economic reports from both UNITED STATE & JAPAN. We may likely see price fall to 150.310
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Dow jones for longs the current market conditions for the Dow Jones appear favorable for longs, as the index shows strong upward momentum and resilience near its highs. However, it’s important to manage risks by observing resistance levels and potential profit-taking. Ensure your strategy aligns with these dynamics before committing to any trades
GBPUSD possible re-entry for shorts.Following the massive sell-off yesterday, was looking to continue the sell just above today's open. Unfortunately, price hit the 1.25100 psychological level with a massive sell-off during the London session. I believe we might get a reentry at the imbalance around 1.25400, especially if the US PMI data comes in strong. Planning to sell at this level with a target of hitting London's low again."
Chart Annotations:
- Today's Open
- Sell-off to 1.25100
- Imbalance at 1.25400
- Potential Sell Entry at 1.25400
- Target London Low
NIFTY 22 NOVEMBER 2024 LEVEL Yellow Zone (Neutral/Breakeven Area):
Below Yellow: If the price breaks below the yellow zone, it indicates a further downside, as the yellow zone is acting as a potential support-turned-resistance.
Above Yellow: You expect bullish momentum. If the price pushes above this level, it suggests a potential reversal or continuation of upward momentum.
Red Lines (Resistance Levels):
The red lines above the yellow zone indicate resistance levels. These are points where sellers are likely to step in, making it harder for the price to rise.
Watch for price rejection at these levels if the price approaches them from below.
Green Lines (Support Levels):
The green lines act as strong support levels. If the price drops to these levels, buyers may step in to defend these zones, creating a bounce.
TEAM watch $256.72: Golden Genesis Quadruple Top or Break-n-Run?TEAM appears ready to break a well Ping'ed Golden Genesis fib.
Could be a double top on 3-day, and also a double top on 3 hour.
But looks likely to break and should pop to next fib pretty quick.
$256.72 is the magic number that everyone will be watching.
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My Trading Journal #1 - MNQHi guys, I'll be putting together my trade diary here with the analyses for day trade operations in MNQ, I hope it helps you in some way.
Buyers are back!A great discount on D tf. It also made a consolidation and a higher low. Hence I see only buyers here!
USDJPY Short-Term Bullish MoveToday, we will analyze USDJPY
Specific explanations are provided for each zone and movement on the chart. If you have any opinions, feel free to share them in the comments section.
Please note that this analysis is not intended as financial advice. Each individual should assume responsibility for their own trades. The purpose of this post is to provide ideas and inspiration, encouraging readers to view the chart from different perspectives. Always conduct your own research and analysis before making any trading decisions.
Gbpusd up signal GBP/USD extends its losses for the third successive session and trades at a fresh fix-month low below 1.2550 on Friday. Disappointing PMI data from the UK weigh on Pound Sterling as market focus shift to US PMI data releases.The Relative Strength Index (RSI) indicator on the 4-hour chart stays slightly below 30. In case the pair stages a technical correction, 1.2600 (former support, static level) could be seen as immediate resistance before 1.2670 (50-period Simple Moving Average (SMA), upper limit of the descending regression channel) and 1.2700 (round level, static level).
On the downside, 1.2550 (mid-point of the descending channel) aligns as first support ahead of 1.2500 (round level, static level) and 1.2440 (lower limit of the descending channel).After losing 0.5% on Thursday, GBP/USD continued to push lower in the Asian session on Friday and touched its lowest level since May near 1.2550. The pair seems to have turned technically oversold but recovery attempts could remain short-lived in the near term.
Faling Wedge $PNUT major breakout ahead?!PNUT is gaining momentum by accumalation. Since it's all time high it has set of in a downtrend and lost 52% of the ATH price. An easy gain of 100% if the ATH gets reached again.
The Faling wedge is a bullisch pattern that in most cases breaks out to the upside. On the lower timeframe we can identify a bottom and that could suggest that the break out is getting fuel for it's momentum.
As long as BTC dominance is high we can see some more accumulation but that's just fine for the extra power in the way up.
You can trade the FW on breakout and retest. The breakout preferably has larger volume then the last average volume. The second green candle after the retest is you signal to buy. Check this retest and confirmation on de the lower time frames so you'r not missing the sweetspot.
If traded with leverage place a SL just a bit below the former low.
elliott wave based on fib and elliot wave it seems like now we are in 3 wave and could takes as to 1.40
DXY ShortBased on the previous analysis using a higher timeframe, I have analysed that we expect a bearish momentum from this trade.
Based on the 15 min timeframe, the price has retested and rejected the zone, forming an inverted hammer candlestick. I do anticipate that a bearish momentum is been formed.
Entry price at 106.9, SL at 107.2 and Target at 105.5
EUR/USD OpportunityIn my previous trade I sold out to wait for better position as I seen it could turn down. I'm seeing consolidation on the 30 min chart and know its at the bottom of its channel. I am going to be buying back in at this point.
NZD-USD Bearish Breakout! Sell!
Hello,Traders!
NZD-USD is trading in a
Downtrend and the pair
Made a bearish breakout
Of the key horizontal level
Of 0.5850 so as we are
Bearish biased we will
Be expecting a further
Bearish move down
Sell!
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Check out other forecasts below too!
59.6K AreaNew outlook based on recent PA. I'm looking at this area, possibly a repeat of this fractal building up Distribution liquidity.
I think we can go lower than many expect right now, but we will shoot back up.
EURO/USD TRADE1. bearish trend
2. trend line analysis
3. 1st entry at fib level of 0.382
4. 2nd entry at fib level of 0.618 golden ratio
5. Stop loss at the last lower high of trend
AVAX thesis with RAG AI by Titan_KarmaThe current market conditions for AVAXUSDT indicate a favorable environment for entering a long position, particularly given the absence of open positions and the strong bullish sentiment reflected in the long-short ratio exceeding 4. The price is currently at $38.04, with a significant trading volume of approximately 2.2 million, suggesting robust market activity. Despite the lack of recent news, the prevailing sentiment among traders leans towards bullishness, which could provide a solid foundation for potential upward movement in the price of AVAX.
From a technical analysis perspective, the indicators suggest that AVAX is experiencing strong bullish momentum. The RSI values are above 70, indicating overbought conditions, while the Stochastic indicators are also high. This suggests that while the market is currently bullish, caution is warranted as the price approaches key resistance levels at $39.08 and $40.12. Traders should be prepared to take profits or set stop-loss orders to protect gains, especially if the price fails to break through these resistance levels.
Historically, AVAX has shown a significant upward trend, particularly from mid-November 2024, where the price increased from around $33.60 to $38.17. The high volume of taker buy quote asset volume indicates strong buying interest, reinforcing the potential for further price appreciation. A buy position may be advisable if the price remains above $37.00, with a stop-loss set around $36.00 to manage risk effectively. Monitoring for signs of reversal or increased selling pressure will be crucial in adjusting the trading strategy.
In terms of volatility analysis, the Average True Range (ATR) and Bollinger Bands indicate that the market is currently experiencing moderate volatility. This suggests that traders should be cautious about entering positions during periods of sudden price movements. The order book dynamics reveal significant buy walls, which could signal imminent price increases, while price action signals indicate potential breakout opportunities. Traders should remain vigilant for any candlestick patterns or chart formations that could indicate strong movement potential.
Finally, the historical trade analysis shows a mix of outcomes, with some trades resulting in profits while others did not yield favorable results. Notably, trades with confidence levels of 85% and 87% previously resulted in no profit, highlighting the need for a more disciplined approach to risk management. Setting appropriate stop-loss orders based on historical performance and volatility will be essential in managing risk effectively. The current market sentiment, combined with technical indicators and historical performance, suggests a cautious yet optimistic approach to entering a long position in AVAX.
TRADE RECOMMENDATION
json { "OUTCOME": "OPEN_LONG", "STOP_LOSS": "$36.00", "TAKE_PROFIT": "$39.08", "CONFIDENCE_LEVEL": "80%", "EXIT_POINT": "$38.50", "ENTRY_CRITERIA": { "TIMEFRAME": "1h", "RSI": "above 70", "MACD": "above 0, 1h" }, "CURRENT_OPEN_LONG_POSITIONS": 0, "CURRENT_OPEN_SHORT_POSITIONS": 0 }
LTCUSDT Breakout: Are You Ready for the Next Big Move?Yello, Paradisers! Have you been watching LTCUSDT lately? If not, it’s time to pay attention because things are heating up fast!
💎LTCUSDT has broken out of a descending channel and is now forming an inverse head and shoulders pattern, a classic bullish signal.
💎If LTC can break and close a candle above the resistance zone, this will confirm the pattern and significantly increase the likelihood of a bullish surge.
💎Now, if we see a pullback, watch closely! A potential double bottom could form at the support zone. For safety, though, waiting for an I-CHoCH (Internal Change of Character) to confirm a shift back to bullish market structure will increase the probability in our favor.
💎However, if the price breaks down and closes below the support zone, this invalidates the bullish setup completely. In this scenario, it’s smarter to wait for clearer price action before making any moves.
🎖Patience is key here, Paradisers. Don’t rush into trades—wait for clear confirmations to stay on the right side of the market! Stay sharp and trade smart.
MyCryptoParadise
iFeel the success🌴
XRP surges as Gensler steps down. What's next?In a recent update, SEC Chair Gary Gensler, who was pretty stringent on the crypto community, is all set to step down from his position. The president-elect, Donald Trump, in his election campaign had assured to remove him. Still, this move ahead of the induction of the new government is expected to kick-start a fresh upswing within the crypto markets. Soon after this, the Bitcoin price broke out of the range and is about to achieve the milestone; meanwhile, the XRP price launched a 25% rise to secure levels above $1.3.
The historical pattern suggests the XRP price is trying to follow the previous run, which triggered a massive rally towards the ATH. Presently, the price has broken out from a similar decisive triangle and if it replicates the previous one, then the token may face a small pullback before triggering the next price action. However, the changed market sentiments are expected to revive a strong ascending trend towards the new ATH, probably forming a double-digit figure.
Meanwhile, the volume remains the major constraint. Previously in 2018, there were a bunch of cryptos for the traders to invest in. However, with the emergence of memecoins, AI tokens, DeFi tokens, etc., the XRP price may not alone attract massive liquidity. Therefore, the bull run may certainly not replicate the previous one, but the XRP price remains primed to form a new ATH close to $5, probably in 2025.
Gold: Structure change ... The focus is the speech of the FedHello, dear friends, Ben here
Gold prices are surging strongly after breaking through the resistance channel at 2650, as investors turn to this safe haven amid heightened geopolitical uncertainty due to escalating Russia-Ukraine tensions.
It’s evident that geopolitical tensions have heightened interest in safe havens, including the yellow metal. However, this inverse correlation has resurfaced in recent weeks, and the strength of the dollar is likely to hinder gold's momentum moving forward.
All eyes are on several Fed officials scheduled to deliver speeches this week. Market expectations for a December rate cut have dropped significantly, with current odds at 55.7%, down from 82.5% just a week ago.
From a technical perspective, gold has confirmed a trend and shifted sentiment, giving us a major movement to follow in shaping our trading decisions. A false breakout around the local resistance level at 2643 is forming. Price consolidation above this area could trigger further bullish momentum. However, I haven’t ruled out the possibility of a fake move around 2622 to accumulate before a stronger rally.
What are your thoughts on this?
USOIL:The long target is 72.8
Today's crude oil continues to be bullish, the daily line gave a broken signal, back to step to continue to do long, crude oil this wave is also hovering at the bottom of the cycle, long target first look around 72.80, today back to step 79.40-79.50 support above to find more opportunities.
Potential Short Setup – Head & Shoulders Pattern in PlayThe EUR/NZD currency pair has recently exhibited a head and shoulders pattern, a technical formation that often signals a potential reversal from an uptrend to a downtrend. This pattern comprises three peaks: the central peak (the head) is the highest, flanked by two lower peaks (the shoulders). The neckline, drawn by connecting the troughs between these peaks, serves as a critical support level. A decisive break below this neckline typically confirms the pattern and suggests a bearish reversal.
INVESTOPEDIA
In the case of EUR/NZD, the price has approached the neckline, which lies within a significant resistance zone between 1.8065 and 1.8160. A successful breach of this area could lead to further downward movement.
TRADINGVIEW
For traders considering a short position based on this pattern, it's prudent to wait for a clear break below the neckline, accompanied by increased trading volume, to confirm the bearish reversal. Setting a stop-loss order just above the right shoulder can help manage potential risks. The profit target is often estimated by measuring the vertical distance from the head to the neckline and projecting this distance downward from the breakout point.
INVESTOPEDIA
As of November 22, 2024, it's advisable to monitor the EUR/NZD pair closely for a confirmed neckline break before initiating a short position. Incorporating other technical indicators and staying informed about fundamental factors affecting the euro and New Zealand dollar can provide additional insights to support your trading decision.
