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GOLD HIGHT PROBABILITY SETUP!!According to Candle Range Theory (CRT), GOLD price swept the previous week high (CRT LOW), and this daily candle (today's candle (22/11/2024)) must close below the previous week high (CRT HIGH). If this daily candlestick closes below, the whole week next week (25/11/2024) gold will be selling (bearish). The target will be Previous week low (CRT LOW). Another thing, on weekly timeframe you will see gold has touched the bearish fair value gap (FVG) which was our internal range liquidity (IRL) but on Daily timeframe we still have to touch the bearish FVG with a rejection, then we can sell. “I just wait until there is money lying in the corner, and all I have to do is go over there and pick it up. I do nothing in the meantime.” - Jim Rogers
OANDA:XAUUSDShort
by Siphesihle_Brian_Thusi
XAUUSD DAILY INTRADAY TRADING IDEA The Disciplined Trader How to Enter the Chart for Intraday Trading: 1. Identify Candle Closure: ○ Look for a candle to cross your predetermined zone and close beyond it. 2. Validate the Break: ○ After the candle closes, if the current new candle breaks the previous high (for buys) or low (for sells), the trade is valid. ○ Refer to point 4 for additional confirmation. 3. Use Higher Time Frames: ○ Use the H4 chart for more accurate results and to identify stronger levels. 4. Wait for Retest: ○ Always wait for a retest of the broken zone before executing positions. This helps avoid getting caught in fakeouts. 5. Intraday Focus: ○ Remember, this strategy is specifically designed for intraday trading. 6. Consider Volume Spikes: ○ Be aware that during high-volume periods (e.g., London open, NY open, NYSE open), there might not be a retest. 7. Set Stop Loss: ○ Use a stop loss of 30-40 pips to manage risk effectively. -THE TRADER'S HUB FAMILY-
CITYINDEX:XAUUSD
by THEDISCPLINEDTRADER
AUDCAD Short PositionThe AUD/CAD pair is exhibiting signs of bearish momentum, suggesting a potential decline in the near term. Technical indicators and price action analysis support this outlook. Technical Indicators: Relative Strength Index (RSI): Currently at 39.396, indicating bearish conditions. Moving Averages: Both simple and exponential moving averages (5, 10, 20, 50, 100, and 200 periods) are signaling a 'Sell'. Price Action: The pair is trading near a resistance level around 0.9120, which has previously acted as a barrier to upward movement. The recent price action suggests a potential reversal from this resistance zone. Considerations: Economic Indicators: Monitor upcoming economic releases from Australia and Canada, such as employment data and GDP reports, as they can influence currency movements. Commodity Prices: Both the Australian and Canadian dollars are influenced by commodity prices, particularly gold and oil. Fluctuations in these markets can impact the AUD/CAD pair. Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Trading forex involves significant risk, and it's essential to conduct thorough research and consider your financial situation before making trading decisions.
Short
by riskyricky
Consider ORN Price ActionLumia rebranded from ORN and the ORN token is still trading on coinbase with sufficient volume until coinbase plans to list Lumia. Clearly, the two continue to trade based on previous ORN price action. We should consider that the price of ORN/LUMIA has been forming a falling wedge on the ORN chart, with lows sitting above the outside of a long descending channel. There may be potential for a breakout of this wedge, and with the low market cap of this altcoin, a large amount of volatility may ensue. Recent price action has not been very exciting, but this is to be expected when any token/coin/asset sits in a consolidation phase. However, we should not expect a continued consolidation of this alt coin for too long as there is clearly money flowing into altcoins as BTC aims to reach its new ATH. Whether or not Lumia will join the alt coin pumps is something we will have to wait for and see. In the case of a bullish breakout, using the fib levels from the previous high could potentially yield a 100% gain. Higher targets could be considered due to ORN's previous ATH in the $35-45 range, but this is not guaranteed.
L
by filipbronola
World gold prices rebounded strongly as tensions escalatedGold prices increased due to bottom-fishing demand skyrocketing in the context of increasing Russia-Ukraine tensions. President-elect Donald Trump is unlikely to end the Ukraine conflict soon after coming to power on January 20. Currently, investors' attention is also focused on some officials of the US Federal Reserve (FED), who are expected to give speeches this week. Market expectations for a December rate cut have dropped significantly, with odds now at 55.7%, down from 82.5% just a week ago. Ms. Lisa Cook - member of the FED Board of Governors said that the country's inflation continues to decline, with wages and the job market "cooling down", rising prices mainly in the housing sector. With this trend, the FED's continued interest rate cuts are considered still appropriate. However, she did not confirm the possibility that the FED will cut interest rates at its next meeting in December. Goldman Sachs - one of the world's leading investment banks, has just raised its gold price forecast to 2,900 USD/ounce, about 89.2 million VND/tael in early 2025, an increase of 200 USD compared to the previous forecast. there. 🔥 XAUUSD SELL 2698 - 2700🔥 💵 TP1: 2685 💵 TP2: 2675 💵 TP3: OPEN 🚫 SL: 2708 🔥 XAUUSD BUY 2673 - 2675🔥 💵 TP1: 2685 💵 TP2: 2695 💵 TP3: OPEN 🚫 SL: 2668
OANDA:XAUUSDLong
by FalCol_TradingMaster
GOLD | Are we witnessing the formation of a new trendline?Ladies and gentlemen, it might be it. Maybe we're at the beginning of the formation of a new trendline? Many things are affecting Gold right now. In particular, not the most comforting news from the Ukraine-Russia war. It also seems to me that many are now starting to jump into short positions, thinking that there should be a retracement, which on the contrary helps institutional players to fuel the growth up. By the way, there is also a possibility that everything is the other way around, and the potentially expected growth will lead to a giant fall, but what is the probability of this? I open the 9th position, long with 70% probability. Opening: 2665 TP: 2675 SL: 2510 Despite everything global and possible speculations, whatever happens with gold, I think the overall mood is bullish right now and will keep being so. Do NOT use all the capital under any circumstances! Be careful and let's watch!
OANDA:XAUUSDLong
by AltairView
8
$1,669 Aave: Consolidation Is OverConsolidation is over. Slowness is over. Slow growth is over. The bulls are in. Good evening my fellow Cryptocurrency trader, do you like Aave? $1,669 AAVEUSDT —What do you think? Bullish consolidation or no consolidation at all, because Aave has been growing since June 2023. It has been printing higher lows since June 2022. This pair is ready for a massive boom! Think of Cardano, Dogecoin and XRP. Let's consider some classic signals before moving forward. ➖ AAVEUSDT is trading weekly above MA200. ➖ There is a bullish cross between EMA55 and EMA89. ➖ In early November, Aave hit its highest price since April 2022, more than two years ago. We are ready; The market is ready; Up we go. From current price to new ATH there can be 800% total growth. Starting from the April low, total grow would amount to more than 2,200%. Ok! Are you ready? The market is ready; The Altcoins are ready! Bitcoin is already up! Those that are yet to move are loading, getting ready to do the same, to get into the action, the green action; higher prices = profits. Thank you for reading. Namaste.
Long
by AlanSantana
1
GBP/USD ShortTrade Analysis: Before the London Stock Exchange opens, the bank steps in and pushes the market up (Bank 1). After the opening, bank steps in (Bank 2) and pushes the market below the stakes of Bank 1. To me, this shows that the market is going down. I was waiting for zone 1 to enter the market because that's where the bank stepped in and there's money. However, the bank decides to reinvest and pushes the market down again (marked with $) so I looked for an entry there. On one minute, I see the bank exiting below the last retest order twice and I enter on the retest itself. I'm currently in a trade and I've moved my stop loss to breakeven. We'll see what happens next, my money is safe. See you soon.
Short
by Vaske8
Alikze »» NOT | Descending channel🔍 Technical analysis: Descending channel - It is moving in a descending channel in short-term time frames of 12H. - Currently, it is in the middle of the channel, which is suffering in the liquidity area. - If the current zone is broken, the correction can continue until the bottom zone of the descending channel, the range of 0.0061. - In addition, if the bottom of the channel is broken, the next support zone can touch the 0.00458 range, which is the demand zone. 💎 Alternative scenario: If the liquidity zone is maintained in the middle of the channel, the first target can touch the ceiling of the channel. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« BINANCE:NOTUSDT
Short
by alikze
2
11/22 EU Monthly Bullish Swing for the StarsHello all, here is my Update of what I am seeing on EU Just to give context the: Orange line - 4h Yellow line - Daily Red line - 1h White line - Monthly Black line - Weekly I am more of a dynamic trader and will intraday, or swing depending on the situation and sometimes can take my entries on the 1m like i did for this position which allowed for me to have a 5 pip Stop loss in this instance I use dynamic trend lines meaning i move them and adjust them as the market develops and when candles close, so what may look like a lot of lines really isn't what I have up all the time. This is just for visual aid to show you what I can see without the lines (sometimes) now with that out of the way. After my previous EU posts and losses I re analyzed and let the market play out a bit more and was able to see an area that I had not marked off as a weekly support although after a previous push up it broke the then resistance and is now using it for support I was able to zoom in on the daily and analyze the area where it broke and retested on the monthly now on the daily timeframe and mark of a zone that aligned with the Monthly support. This helped me to build my confluence. We also have the currently Weekly candle over more recent Weekly and Monthly Support, which also further adds to my idea of a transitions and list of confluences. As I've stated before we usually get that deeper pullback on those support and resistance areas sometimes, that is something I have personally noticed with EU I was then able to zoom in on the 4h with all of this info now known and analyze the exhaustion I was seeing on the higher timeframe, this led me to notice the 4H support formed during London session, and I was able to mark that off as a 4H support area and use that as a base to zoom in more to find a lower timeframe zone that aligned with the 4h support I then zoomed in to the 15m because that timeframe correlates with 4h and I was able to see a zone that I personally marked off on the 5m but can clearly be seen on the 15m. At NY (or a little before) I was able to mark off the 1h Support and resistance (red lines) this helped me to see if it broke on the lower timeframes to then wait a bit more and possibly re analyze for a different entry, but we just tested the 1h support and on the close of the candle at 11:30 I entered for a long targeting 1.15580 risking 5 pips I do feel that next weeks news and closure will be the determining factor as far as holding long term but I will continue to update and manage the position and scale in when possible. I do have all of my confluences in alignment so I am confident in this position after re-assessing things. I know it is Friday and there isn't much volume left in the market but I will be back bright and early next week!
Long
by Bhenderson22
PLTR Analysis: Wave 5 Reaching Its PeakDon't get carried away by the hype. 📉 We're currently in wave 5 of the Elliott Wave cycle, where the market sentiment is at its highest, and those who invested earlier have already secured gains of over 150% 💰. Ask yourself—will these investors hold or start taking profits? 🤔 Historically, when a stock is all over the news, it signals that we're nearing the top. 🚨 🔴 RSI Alert: The RSI is extremely high, and we are entering a phase of extreme greed. This is a classic sign that a reversal may be on the horizon. We're now in the distribution phase, where smart money is selling before the blow-off phase begins. Be ready for a potential correction and retracement. ⚠️ 📊 Key Takeaways: We're in wave 5 of the Elliott Wave cycle. RSI is high, signaling overbought conditions. The extreme greed phase could lead to a sharp pullback. Monitor for signs of a blow-off top and be cautious of overexposure. Stay vigilant and watch the levels closely. This could be a turning point! 📉 Disclaimer: I'm not a financial advisor. This analysis is for informational purposes only. Always do your own research before making any investment decisions. #PLTR #ElliottWave #RSI #StockMarket #ExtremeGreed #InvestSmart #TechnicalAnalysis #MarketPsychology #TradingView
NYSE:PLTRShort
by MarketPax
5
#US30 #H4 Higher Timeframe Analysis#US30 #H4 Higher Timeframe Analysis 📉 Current Scenario The price is witnessing strong profit booking. Here's what we’re eyeing: Key Level: We want the price to create a new low, taking out liquidity below 43313 (previous high & resistance). This is where many stop losses are likely placed. The Plan: After liquidity grab, we’ll wait for an #H4 candle to close fully bullish above 43550 to enter a buy setup for a bigger target. 📊 Why Share This Analysis? We rarely post #US30 updates, but this setup offers a solid opportunity worth sharing! 🎯 Trade Parameters Stop Loss: The low formed during the liquidity grab. Targets: 🎯 Safer Target: 43900–44000 🎯 Extended Target: Above 44500 Stay tuned for activation! Let's capitalize on this prime opportunity. 💼✨
BLACKBULL:US30Long
by MrKTechnicalLevels