EURAUD long Friday Nov 8, 2024A long trade on the EURAUD currency pair based on interest rate differential between the EUR and the AUD.
Trading is based almost entirely on technical indicators that use past price action to forecast future price action. However, the trader who ignores fundamental forces that move the markets is at a disadvantage to traders who factor fundamental data into their trading decisions.
The fundamental data that have the most effect on exchange rates are interest rates, which affect the perceived value of currencies. While central bank rates are not volatile, the yields on government bonds, such as the U.S. 10-year treasury note, fluctuate on all time frames in global bond markets. Those yields reflect the expectation the market has as to where future central bank rates will go. Bond yields are often a leading indicator of interest rates and of exchange rates. In the forex market, the metric that applies to a currency pair is the interest rate differential, especially the delta, or change in the interest rate differential, on various time frames.
This trade shows a case where movement of the interest rate differential, expressed in basis points, in the positive direction was a leading indicator of movement of the EURAUD currency pair in the same direction.
Community ideas
Forex Alert: GMTUSDT Trading SignalDirection: Buy
Enter Price: 0.1223
Take Profit: 0.1254
Stop Loss: 0.1181
Dear Traders,
We're issuing a Buy signal for the GMTUSDT currency pair based on a comprehensive analysis using our EASY Quantum Ai strategy . Here are the factors supporting this prediction:
1. Technical Indicators: Recent price movements suggest a bullish pattern, with key moving averages indicating upward momentum. The RSI is nearing an oversold condition, suggesting a potential price rebound.
2. Market Sentiment: The overall market sentiment towards GMT is positive, driven by recent developments and news in the GMT ecosystem. Positive sentiment often leads to increased buying pressure.
3. Volume Analysis: There has been a noticeable uptick in trading volume, which is often a precursor to a significant price movement. Increased volume can validate the direction indicated by technical indicators.
Based on these factors, we are optimistic about a short-term upward movement for GMTUSDT. It is essential to manage risk by adhering to the provided stop loss. As always, ensure you're prepared for market volatility and trade wisely.
Happy trading!
MantraDAO (OM) Rounded TOP 5X SHORT—244% PotentialGood morning my fellow traders, I hope you are having a wonderful day.
I said I wasn't going to publish anymore SHORTs for many years but this one looks too good to pass up.
OMUSDT Technical analysis
Notice the rounded top. Now notice the blue line. Once the action goes below this level, the base of the pattern, there is no going back.
We are going with 5X. You can find the full trade-numbers below:
➢ SHORT OMUSDT
Leverage: 5X
Entry levels:
1) $1.430
2) $1.330
3) $1.285
Targets:
1) $1.238
2) $1.131
3) $1.022
4) $0.952
5) $0.818
6) $0.732
7) $0.666
Stop-loss:
Adjust to your own risk tolerance
Potential profits: 244%
Capital allocation: 3%
____
Note
This is a high probability trade setup and is likely to move fast based on current market conditions and chart structure. OMUSDT already produced the final jump, the last hurray and once this move is in the market tends to change and never look back.
Disclaimer
Leveraged trading is high risk and for experts only. Do your own research. Money can be made with the right timing and decision making, but money can also be lost if you make the wrong decision. If you cannot carry the weight of your own actions, stay away. If you are a responsible adult, do what you feel is right but we are not responsible if the trade goes right or wrong. This is not financial advice.
Thanks a lot for your continued support.
Namaste.
Elliott Wave View in EURGBP Calling for More DownsideShort Term Elliott Wave View in EURGBP suggests that decline to 0.8295 on October 18, 2024 ended wave (1). Wave (2) corrective bounce is proposed complete at 0.8447 as the 1 hour chart below shows. Internal subdivision of wave (2) unfolded as a Flat Elliott Wave structure. Up from 10.18.2024 low, wave A ended at 0.8352 and wave B pullback ended at 0.8295. Wave C higher ended at 0.8447 which completed wave (2) in higher degree. Pair has turned lower in wave (3) with internal structure of an impulse.
Down from wave (2), wave (i) ended at 0.8366 and wave (ii) ended at 0.8418. Wave (iii) has resumed lower as an impulse. Down from wave (ii), wave i ended at 0.8388 and wave ii ended at 0.8412. Wave iii lower ended at 0.8414 and wave iv rally ended at 0.834. Last leg wave v lower ended at 0.8305 which completed wave (iii) in higher degree. Wave (iv) corrective rally ended at 0.833. Expect pair to extend lower to end wave v of ((i)). Then it should rally in wave ((ii)) to correct cycle from 11.1.2024 high before it resumes lower. Near term, as far as pivot at 0.8447 high stays intact, expect rally to fail in 3, 7, or 11 swing for further downside.
USDJPY 4hr LongUSDJPY
✅ 4hr Long ✅
💰ENTRY: 153.096
👎STOP LOSS: 152.692
TP TARGETS
⏰TP1
⏰TP2
⏰TP3
✅1. Weekly Time Frame: Price has been breaking bullish and trending above the 10, 50,200 EMAs.
✅ 2. Daily Time Frame: Price has been breaking bullish and trending above the 10, 50, 200 EMAs.
✅ 3. 4hr Time Frame: Price has made a valid correction into the 10 EMA.
✅ 4. Price has made a Swing Low Engulfing candle above the 50ema.
This is a great example of my systematic system.
NIFTY--Liquidity @24600A lot of liquidity level is lies above the 24600 levels,
we have a Left shoulder and right shoulder on bottom we find double bottom Take care here before going for short side, after liquidity grab then continue to downside may happen.
Its not a complete sign of reversal for upside. Keep safe Manipulation levels.
PLTR at a Crucial Zone: Will It Break Higher or Retrace?Price Trend & Momentum:
PLTR has been in a strong uptrend, showing consistent higher highs and higher lows. The stock is now testing a resistance area around $56.52, which is acting as a key level for potential continuation or reversal.
The price is currently trading above both the 9 EMA and 21 EMA on the 1-hour chart, indicating strong bullish momentum. However, the candles near the resistance zone suggest a potential slowdown or consolidation.
Volume Analysis:
Volume has been tapering off slightly during the recent upward move, which may indicate that buying pressure is weakening as it approaches the resistance level. Watch for a spike in volume to confirm a breakout or rejection.
Moving Averages:
The 9 EMA is providing immediate support, currently around $55.60. This level has been respected as dynamic support during the entire uptrend. The 21 EMA, around $55, serves as a secondary support level, where buyers may step in if the price pulls back.
Support and Resistance Levels:
Immediate Resistance: $56.52 (recent high and potential breakout level)
Support Levels:
First Support: $55.60 (aligned with the 9 EMA)
Second Support: $55.00 (aligned with the 21 EMA)
Key Support: $45.79 (major pivot level, previously a resistance that turned into support)
Critical Support: $41.10 (previous low, significant area for bulls to defend)
MACD Analysis:
The MACD line is flattening near the signal line on the 1-hour chart, suggesting a potential loss of momentum. This could indicate a period of consolidation or a possible pullback, especially if the histogram starts printing red bars.
Price Action Expectation:
Bullish Scenario: If PLTR can hold above $55.60 and push through the $56.52 resistance with strong volume, we could see a continuation towards the $58-$60 range.
Bearish Scenario: A break below $55.60 could lead to a retest of the $55 support level. If the price falls below $55, it may head towards the $45.79 area, where stronger buyers are likely to appear.
Conclusion:
PLTR remains in a bullish trend, but the stock is approaching a key resistance area. A breakout above $56.52 could lead to new highs, while a rejection may result in a pullback towards support levels. Monitor volume and price action closely for confirmation.
Disclaimer:
This analysis is for educational purposes only and should not be considered financial advice. Please perform your own research or consult with a financial advisor before making trading decisions.
One of three destinies for ETHUsing bar patterns of past ETH bull runs juxtaposed with the current moment. On chart display is the Ichimoku cloud modified for crypto settings and a wave of exponential moving averages.
With resistances at 2924 - 2956 one could have one of three possible destinies labeled A,B and C.
Situation A is the beautiful bull run heaven every ETH fan boy dreams of. With the current election of a pro-crypto candidate for the presidency this scenario could manifest due to the push in excitement.
Situation B is a break of the resistances upwards to later trade flatly but ultimately come down below resistance again.
Situation C is a rejection off the support with a bounce of the nimble clouds.
Bitcoin’s breakout above $73,000, target of $75,000 to $77,000Here's a technical analysis based on your Bitcoin (BTC/USD) chart:
1. **Current Price and Key Levels**:
- **Current Price**: Bitcoin is trading around $72,595.
- **Breakout Level**: The price recently broke through the $73,000 resistance level, indicating a strong upward momentum.
- **Support Levels**: Key support levels are visible around $66,593 and $54,896.
2. **Trend Analysis**:
- Bitcoin is in an uptrend channel, with higher highs and higher lows forming.
- The breakout above the $73,000 resistance signals potential bullish continuation.
3. **Target Levels**:
- **Short-term Target**: Based on the channel and breakout, the next target range is around $75,000 to $77,000 .
4. **Stochastic RSI**:
- **Current Stochastic RSI Level**: The Stochastic RSI is around 67.25, showing that it is nearing the overbought zone.
- If the Stochastic RSI enters the overbought zone, it may indicate a potential pullback or consolidation.
5. **Volume**:
- The net volume is relatively low, suggesting that the breakout might need more volume support for a sustainable uptrend.
Summary :
Bitcoin’s breakout above $73,000 indicates bullish momentum with a possible target of $75,000 to $77,000 . However, watch for overbought signals in the Stochastic RSI, which may indicate a pullback. Maintaining support above $66,593 will be crucial for the bullish trend to continue.
Risky TSLA Short Tsla had a massive surge after the trump win, now it right at resistance with a rsi divergence. I am shorting right here and holding a tight SL because this is a counter trend trade so manage risk accordingly.
TP1 is 290
TP2 279
Sl is daily close above 303-305
REALLY RISKY DONT TAKE IF YOU DONT HAVE THE RISK APPITITE
TONUSDT Cooking Something BigTONUSDT Preparing for a big Ride Hoping you guys are positioning yourself,
If eventually breaks the support level 5.151 level Do feel to ride along, On the other hand if it comes back to breaks the 4.413 Resistant level, let's try Ride along with it..
Pending Orders seems ideal here
Disclaimer : Trade at your Own Risk
Long xauusd• Current Price: As of this data, the price is around 2,705.9 USD per ounce, showing a slight decrease of 0.6 USD, or about -0.02%.
• Chart Analysis:
• A red moving average line is displayed, possibly a short or medium-term trend indicator. The price action is below this moving average, suggesting a bearish or downward trend over the period shown.
• There are red and green candlesticks representing the price movement in each hour.
• The current price (2,705.9) is marked on the right-hand side, with 2,706.5 just above it as another price level.
FTMUSDT - Inverse Head & Shoulders - A Prime Long Opportunity?1.) Quick Overview
On the FTM/USDT 4-hour chart, an inverse Head & Shoulders pattern is shaping up, often hinting at a bullish reversal. If the pattern completes, this could offer an excellent long setup. The key level to watch is around the mOpen at $0.6555, where the price is expected to dip and complete the “right shoulder,” potentially setting the stage for a strong bounce.
2.) Deep Dive: Chart Analysis
Inverse Head & Shoulders Pattern:
- Left Shoulder: Formed near $0.6342.
- Head: A deeper low at $0.4744, marking the low point of the pattern.
- Right Shoulder (In Progress): Expected to complete around mOpen at $0.6555. If the price touches down here and holds, it could serve as an ideal long entry point.
Fibonacci Retracement:
- The 0.382 Fibonacci retracement level aligns near $0.6555, supporting the right shoulder as a potential bounce zone.
Key Levels to Watch:
- mOpen at $0.6555: This is our primary entry level, where the right shoulder could find support.
- VAL (Volume Area Low) at $0.6324: Another important support zone where the anchored VWAP also aligns, reinforcing this area as a significant base. If the price dips below mOpen, the VAL may act as a secondary support level.
- VAH (Volume Area High) at $0.7262: Our initial target if the inverse Head & Shoulders completes, with potential for further gains.
Volume Profile:
- Increased volume near the head formation suggests accumulation, supporting a bullish scenario if the right shoulder completes as expected.
3.) Trade Setup
- Entry: Look for a long entry around $0.6555.
- Stop Loss: Place the stop loss just below $0.58 to manage risk if the pattern fails.
- Target: Initial target at $0.7262 with room for more upside if the breakout continues.
- Risk-to-Reward: Favorable setup with solid support and a high-probability bounce area.
4.) Final Thoughts
- With the combination of the inverse Head & Shoulders, support at mOpen, Fibonacci, and anchored VWAP at the VAL, this FTM/USDT setup looks promising for a long position. Watch for confirmation around $0.6555 to see if the right shoulder completes.
Disclaimer
This analysis is for educational purposes and should not be taken as financial advice. Always do your own research and manage risk carefully!
11/04 Weekly SPX Market Analysis with seamless GEX levelsThe U.S. presidential election is on November 5, and this week we can expect increased volatility due to the uncertainty. For options traders, one thing is certain: volatility will likely rise leading up to the election, peak around the results, and then gradually subside as the “fireworks” end. It’s essential to consider this in every trading decision.
While the current Implied Volatility (IVx) isn’t extremely high, the IV Rank (IVR) is quite strong at 41, and this is likely to remain due to the increasing uncertainty. Based on the blue OTM (Out of The Money) delta curves, the market is currently pricing in a strong downward movement for the week, aligning with the negative gamma zone and negative gamma profile. For a bullish shift, we would need a strong push above 5845 to enter positive gamma territory (HVL level is the battleneck).
⏩ The 5700 level is a key PUT support across multiple timeframes. If this level breaks, turbulence is expected, with increased downward movement likely to follow, first to 5650 and potentially down to 5600, where larger PUT gamma walls are located.
⏩ According to the 16-delta OTM curve, a close above the previous all-time high is less likely. If there’s a strong breakout to the upside, the positive gamma threshold stands at 5850, and above this, buyer pressure could extend up to 5925.
⏩ I consider the 5700-5845 range as a “chop zone,” where high volatility is expected this week. In this zone, bears and bulls will be in constant battle, and I do not expect a clear trend. I focused on Friday’s expiration in this analysis, as market outlooks remain highly uncertain ahead of the election.
The strong PUT pricing skew is a natural phenomenon and is expected to increase, especially since we are in a negative gamma zone. For December expirations, PUT options cost nearly twice as much as CALL options, as shown by our oscillator for 12/20 expiry.
There’s already ~6% IV backwardation between the 11/08 and 11/11 expirations, making this ideal for time spreads. However, caution is warranted—front-month PUT calendar and diagonal spreads can easily turn negative if front IV rises more than back IV.
Remember! It’s not mandatory to trade during highly uncertain periods! Staying out of the market is also a position, and sitting in cash is actually the safest choice, especially in a volatile week like this.
⏩ You can check my previous week's analysis, every one was accurate, I hope this one will useful too.
10/28 SPX
10/21 SPX
10/14 SPX
10/28 QQQ
10/14 QQQ
Bitcoin projection for this bull runLooking for short positions at the upper limit , that is when i usually enter short.
Around the 91k region there is a resistance.
I expect a 25-30% correction from that region. After that bull run will resume its run and stop at around 115k .
It can go higher ,nobody knows how high it can go but this is what trendlines are telling us.
BTCUSD | 95K Target 1:1 Move | BullishThis will be the first big trade at the start of the exponential cycle we're about to witness for the 5th time in BTC history.
Considering the descending broadening wedge pattern, a 1:1 move into the pattern gives a price target of roughly $95k.
It can also been seen as a flag pattern which also reads a $95k impulse target as seen below:
If you want to look at more longer-term targets and analysis of CRYPTOCAP:BTC , I've attached 3 of the charts I've made which will satisfy that long term bullish outlook.
Best of luck to you all out there involved in this space and remember, manage your risk appropriately.