XAUUSD GOLD BULL !!! NOW that TARGET 2 was hit on the #BEAR the bulls are waiting...
(you missed it)
>>...and NOW the level confirmed as FAILED ! > We are confirmed to go LOWER... <<
BUT as this is Target 2 for the BEAR here is the set-up for the #BULL trades...
Remember this is the opposite of the set-up above & currentlevels are always 1listed as Bi-Directional... for a reason.
Go check the notes on the bear. You have the levels now so lets go again...
(These levels are the day trade structure points hence dotted lines... and only relevant for a few days...)
Community ideas
3 Altcoins to watch this weekend...BINANCE:RAREUSDT
After a 50% surge, RARE is currently in a sharp correction phase.
As it approaches the black structure, I will be looking for trend-following longs.
BINANCE:MASKUSDT
Just like RARE, MASK surged by over 60% forming a massive demand zone marked in blue.
As it retests the demand zone, it would be an attractive zone to look for longs at a discount.
BINANCE:ALPHAUSDT
This one is the strongest among today's list, as it surged by almost 50% 2 weeks ago.
ALPHA has been in a correction mode and seems the bears are loosing momentum.
The more it approaches the gray demand zone, the more potential the bulls will have to kick in.
Which altcoins would you like me to cover next?
All Strategies Are Good; If Managed Properly!
~Rich
GBPUSD Is Going Up! Long!
Here is our detailed technical review for GBPUSD.
Time Frame: 6h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 1.290.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 1.295 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
Like and subscribe and comment my ideas if you enjoy them!
Trade 5: AUD/USD - 3.89 RR Ratio - TP Hit(Similar to Trade 4) : Possibly due to same currency in the pair
Longer Time Frame: 1D
1. A Bullish Engulfing candle was formed on 7th Nov, breaking the structure of downward trend
2. Pulling fib retracement from pivot low to pivot high, we can see the price is currently in between 0 and 0.236 levels of fib
Shorter Time Frame: 30min,15min,5min
1. At point "1" we can see that price took resistance, however the 30min and 15min, the shorter HMA was still above the medium HMA
2. We waited until the medium HMA crosses over shorter HMA in 15min timeframe
Bias: Short
Since there was an bullish engulfing candle in longer time frame, we are expecting a pullback to retest the bullish trend. Even in the shorter time frame, we see a double top being formed.
Entry:
1. The next cross under of shorter EMA with medium EMA when the medium HMA crossed over shorter HMA
2. Waited in 15min timeframe to observe the EMA cross under
3. Dint wait for FVG, entered at the open of next candle of break out
Target:
1. 0.236 level of Fib (Achieved)
2. If 0.236 is broken, can be pushed to 0.382 level
SL:
Above the EMA cross under in 5min time frame
Bitcoin touches $ 76,000 - next?Bitcoin (BTC) continues to capture investors’ attention as it maintains a stable upward trend. Currently trading around $76,226, BTC has seen a 1.96% increase in recent sessions. This growth is supported by positive technical indicators and a favorable market environment, leading many investors to believe Bitcoin could reach the $80,000 mark in the near term. But what are the key factors influencing BTC’s price, and what strategies are suitable in this current market context?
News Impacting BTC's Price
Growth in the U.S. Stock Market: Following Donald Trump’s recent election victory, the U.S. stock market has surged, fostering a positive investor sentiment. This optimistic outlook has spilled over into the crypto market, with Bitcoin benefiting from an influx of enthusiastic investments.
Increased Institutional Interest: Large financial institutions are continuously pouring capital into Bitcoin, viewing it as a hedge against inflation and a diversification asset. These organizations see Bitcoin as part of their defensive strategy against inflation, reinforcing the cryptocurrency’s upward momentum.
BTCUSD’s New Prospects
BTCUSD's technical chart indicates promising growth potential, especially if the price sustains above key Fibonacci support levels. Investors should closely monitor the Support 1 zone and the $77,003 resistance level to seize opportunities when the trend is confirmed. If BTCUSD breaks through this resistance, it could continue its rally toward the $82,078 area, offering an attractive profit opportunity.
Bullish bounce?USD/JPY is falling towards the support level which is a pullback support that is slightly below the 61.8% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 152.38
Why we like it:
There is a pullback support level that is slightly below the 61.8% Fibonacci retracement.
Stop loss: 151.57
Why we like it:
There is a pullback support.
Take profit: 153.76
Why we like it:
There is a pullback resistance level.
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CRUDE OIL (#WTI): Further Growth AheadIn the 📈USOIL chart, prices have broken through a key horizontal resistance and closed above it, signaling a potential continuation of the bullish trend.
With the current market rally, this breakout may lead to further upward movement.
We expect the bullish trend to extend toward the 73.56 - 74.61 range.
EURUSD_116 2024.11.08 06:03:07 Trading Signal SELLFrankPro Signal for EURUSD_116
Type: Screen
Signal: SELL
TP: 1.07451
SL: 1.07901
Entry Price: 1.07826
Analysis for EURUSD
Forecast Overall(Short-Term, Long-Term): ST= Strong Down LT= Strong Up
Forecast Methods(Short-Term, Long-Term):
ST=Down LT=Up
ST=Down LT=Up
ST=Down LT=Up
Analysis Method(0)
Based on the provided analysis, here are my conclusions for the EUR/USD pair:
**Short-term (next few days):**
* The price is expected to go down, with a potential test of the support area near 1.0685.
* A break below 1.0704 could signal further declines to 1.0660 and 1.0645.
* However, there is a possibility of a corrective advance, with a potential rebound from the lower border of the bearish channel and a rebound from the bullish trend line on the RSI.
* The upside is capped by the 50-day Exponential Moving Average (EMA) at 1.0830, adding to the selling pressure.
**Long-term (next few weeks/months):**
* The overall trend is bearish, with the pair trading below a flat 100 Simple Moving Average (SMA) and a firmly bearish 20 SMA.
* The ECB's cautious stance on monetary policy and weak German data suggest limited near-term support for the euro.
* However, the analysis mentions a potential growth towards the area above 1.0925 following a rebound from the support area near 1.0685.
* The impact of economic data and ECB policy on the pair's long-term trend is uncertain and will depend on future developments.
In summary, the short-term outlook is bearish, with a potential test of the support area near 1.0685, while the long-term trend is also bearish, but with a possibility of a rebound and growth towards the area above 1.0925.
Result: ST=Down LT=Up
Analysis Method(1)
Based on the analysis, here are my predictions for the EUR/USD pair:
**Short-term (next few days/week):**
The price is expected to **go down**. The technical outlook suggests further losses, with potential to revisit the June low of 1.0666 and possibly the 2024 low at 1.0600. The pair has broken below all its moving averages, and technical indicators are firmly bearish despite being in oversold territory.
**Long-term (next quarter/12 months):**
The price is expected to **stay the same** or **go up slightly**. Long-term forecasts indicate the EUR/USD could trade at 1.08 by the end of the quarter and around 1.06 in 12 months, according to Trading Economics' global macro models. This suggests that the current downward trend may be reversed in the long term, with the pair potentially rebounding from its current lows.
Please note that these predictions are based on the analysis provided and are subject to change as new data and events become available.
Result: ST=Down LT=Up
Analysis Method(2)
**Short-term Analysis (Next 24-48 hours)**
Based on the current market conditions and forecasts, I expect the EUR/USD price to **go down** in the short term. The bearish momentum, as indicated by the technical analysis, suggests that the pair may continue to decline, potentially testing support levels around 1.0665 and 1.0645. The strong US dollar sentiment, weak Eurozone economic data, and the upcoming Federal Reserve's decision on interest rates (expected to include a 0.25% rate cut) may further contribute to the downward pressure on the euro.
**Long-term Analysis (Next week and beyond)**
In the long term, the outlook for the EUR/USD pair is more uncertain. While the current bearish momentum may persist in the near term, there are potential upside risks that could lead to a rebound. If the pair holds above key support levels, some forecasts suggest a potential upward movement above 1.0925. Additionally, the impact of the US presidential election and the subsequent policy decisions may lead to a shift in market sentiment, potentially benefiting the euro. Therefore, in the long term, I expect the EUR/USD price to **stay the same** or potentially **go up**, depending on the outcome of the upcoming events and the overall market sentiment.
Please note that these analyses are based on the available data and forecasts, and the actual market movements may differ.
Result: ST=Down LT=Up
BNTUSDT Potential breakoutBNT looks bullish to me. Any breakout above the 0.554 level means that the pattern has succeeded.
Taking into account that ETH has crossed the downtrend and started a bullish wave, and with the current market situation and BTC’s new all-time high, the alts will eventually follow.
TP:0.70
EUR/JPY "YUPPY" Bank Money Heist Plan on Bullish SideHallo! My Dear Robbers / Money Makers & Losers, 🤑 💰
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BTC Eyeing a Correction? Watch These Key Levels!GM crypto bro's! Today, the fear & greed index is at 75 in Greed status. Stoch RSI is now entering the overbought area.
Market outlook remains consistent with yesterday's analysis. Current BTC action hints at a high probability of correction in the 73K-70K range, while the potential pump target stays in the 79K-80K zone.
The market is still driven by greed—stay safe, avoid FOMO, and manage your risks as always. That's it for today’s crypto update. I’m Akki, one chart at a time. Have a nice day & stay SAFU!
DAX H4 | Falling to pullback supportDAX (GER30) is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 19,351.22 which is a pullback support that aligns with the 23.6% Fibonacci retracement level.
Stop loss is at 19,260.00 which is a level that lies underneath a pullback support and the 38.2% Fibonacci retracement level.
Take profit is at 19,624.78 which is a swing-high resistance.
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dxyThe U.S. Dollar Index (DXY) is a measure of the U.S. dollar's value against a weighted basket of six major foreign currencies. The euro has the largest weight at 57.6%, followed by the Japanese yen (13.6%), British pound (11.9%), Canadian dollar (9.1%), Swedish krona (4.2%), and Swiss franc (3.6%). Created in 1973 after the Bretton Woods system's collapse, the DXY helps traders and investors track the dollar's overall strength in international markets. When the index rises, it means the dollar is strengthening against these currencies, while a falling DXY indicates dollar weakness. Many factors influence the DXY, including U.S. monetary policy, interest rates, economic indicators, and global market sentiment.
A Market Walking On EggshellsThe Dow finished up on Friday, but off it's high as selling came in late...notice the sincere break of the trend line last week and Friday's action came back to kiss the under line..odds are that this week coming is down.
Just a few days until the big show, the outcome has already been decided, they are selected, not elected.
Whatever the outcome of the theatre, the masses still believe change will happen to improve their lives, only disappointment ensues.
Expect volatility this week, any negative event will trigger fast moves to the downside, watch your position size.
Gold sold off towards the end of last week, a correction is due...a sell signal triggered.
PM's are a long term play, we have been bulls for 20 years, gold has risen over 35% this year, silver around 40%. This bull has a fair way to go before peaking, we are only in wave 3 of 5...expect a minor wave 4 pullback now and a huge spike coming by years end or so. The coming collapse will drive gold and silver to unseen levels, our target for gold in Australia is $10,000 an ounce, that could be shattered, and up to $15K or more, silver target of $300, perhaps high hundreds or $1000 and ounce...the catalyst will be contagion.
We stay short the Dow, prepare for the unexpected this week.
Appreciate a thumbs up, good trading and God Bless you all!
BNB trade set up ideaWeekly time frame analysis
BINANCE:BNBUSDT was one of the best performers of the last bull run.
BNB retained its value relatively well ("only" -70% from ATH) during the bear market and formed a clear support zone around the 200$ mark from which it seems to currently be bouncing back to initiate the next impulse.
The Bollinger bands are very contracted and flat, announcing a strong potential move.
Daily time frame
After a steep decline in June 2023, BNB is constructing a reversal Head and Shoulders pattern on a strong multi-year support zone. Volumes confirm the psychological construct of this trend reversal pattern.
Strategy
Buying on a daily close above 235$
Objective 1: Head and Shoulders neckline at 261$ (+12%)
Objective 2: Top of the range at 336$ (+45%)
Objective 3: ATH at 665$ (+190%)
Invalidation
Mental Stop: below the shoulder at 220$
If prices retrace to this level we will wait for the daily closing price then set a Stop loss ¼ or Risk below the daily close price.
Risk = Distance between Mental stop and entry point.
PLTR Back to ATHsBounced off the .382 fib retracement with only ATH remaining. Lots of bullish momentum and TA has been smooth as well. Possible S&P 500 inclusion in September could also be driving price action from "smart money."
Flow into calls has been increasing with a few big orders above ATH have been spotted
BTCUSDT.P Support prevents the price from falling
Hello, intraday traders! Hope all is well with you.
BTC on the 30-minute chart looks like it’s trying to push the price up after support held for most of the day. Tonight, we have a SEC decision about rate cuts, which will definitely impact the price. All moving averages are pointing upward, and volume is steady.
This is not financial advice—stay safe!