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EUR/USD: Testing Key Support Levels Amid Bearish MomentumHello, The key question is whether FX:EURUSD will continue its downward trend. It seems likely that the full 1-year support structure could be tested before any potential upside. A crucial indicator will be whether the strong 1-week and 1-day support at 1.088379 and 1.088205 holds. If it doesn’t, further downside is expected, despite increased buying activity at the moment. The bearish momentum may persist. TradeWithTheTrend3344
by TradeWithTheTrend3344
Probabilities Powering BTCUSD TradesUtilizing probabilities based on historical data is a cornerstone of my bullish strategy for BTCUSD. Here’s why I believe this approach is not only effective but essential for positioning long trades successfully. Understanding the Importance of Probabilities Probabilities in Trading Trading is inherently uncertain, and relying on probabilities allows traders to make informed decisions rather than guesses. By analyzing historical price movements and patterns, we can identify trends that have previously led to upward or downward movements. This statistical approach helps mitigate risks associated with emotional decision-making. Historical Data as a Guide Historical data provides a wealth of information about how BTCUSD has reacted under various market conditions. By employing a mechanical trading strategy that incorporates these indicators, I can increase my chances of entering profitable trades. Mechanical Trading Strategy What is a Mechanical Trading Strategy? A mechanical trading strategy is a systematic approach that uses predefined rules based on historical data to make trading decisions. This method eliminates emotional bias and ensures consistency in trade execution. Benefits of a Mechanical Approach 1. Consistency: Adhering to a mechanical strategy means that trades are executed based on data rather than emotions. 2. Backtesting: Historical data allows for backtesting strategies to see how they would have performed in the past, providing confidence in their potential effectiveness. 3. Risk Management: By employing probabilities, I can better manage risk through calculated position sizing and stop-loss orders. Current Market Context In the current market environment, BTCUSD shows signs of bullish momentum. The formation of higher lows indicates strength, and historical patterns suggest that we may be at the beginning of another significant upward trend. By leveraging probabilities derived from past performance, I am positioning myself to capitalize on this potential movement. Conclusion In summary, utilizing probabilities based on historical data through a mechanical trading strategy equips me with a robust framework for entering long positions in BTCUSD. This approach not only enhances my decision-making process but also aligns with my overall bullish bias. As we navigate the complexities of the crypto market, relying on data-driven strategies will be crucial for achieving success in our trades. 1D: 6H:
CRYPTO:BTCUSDLong
by Jasminex1x2
1
USOIL: Bullish Fundamentals and 61.60% Probability for LongsKey Fundamentals - Decreased OPEC Exports: Recent reports indicate a decline in crude oil exports from OPEC and Russia, tightening the market as refinery runs ramp up for seasonal demand. This reduction in supply is likely to exert upward pressure on prices2. - Geopolitical Tensions: Ongoing geopolitical risks, particularly in the Middle East and Ukraine, continue to add a risk premium to oil prices. Traders are increasingly factoring these uncertainties into their market strategies2. - Rising Demand: With the U.S. economy showing signs of recovery and better-than-expected market fundamentals, demand for oil is anticipated to rise, further supporting higher prices12. - Technical Indicators: Current market sentiment shows USOIL trading above its pivot point of $74.80, with support levels around $74.00. The Relative Strength Index (RSI) is at 56.16, indicating a healthy trend without being overbought1. I'm employing a probability-based strategy to position myself for long trades in USOIL. By incorporating these fundamentals and probability analysis into my trading approach, I aim to leverage the current bullish sentiment in USOIL effectively. 12M: 2W: Hourly TFs:
TVC:USOILLong
by Jasminex1x2
$BTC Daily UpdateSo BTC Price Action has been played out as expected so far. You could check my previous analysis for more information. Very strong bearish momentum after mitigating premium and unmitigated daily supply range that we have been waiting for. Price have collected a lot of internal liquidity in Dailly Fractal Structure and I assume the next level price might go is down to $44.000 There is daily flip demand zone at the level of 62.000 - 63.300, and we might get a bullish reaction from that level, but I personally think that level will be used as liquidity and price to mitigate 59.000 - 61.300 demand range. And that is where we could get a bullish reaction If we get any. Do not try to catch any longs before getting any bullish reaction from the demand zones. Shorts from 65.200 - 68.000 more probable imo
Short
by alplaila
MEWUSDT Long Setup / Are you a cat person or a dog personOKX:MEWUSDT BYBIT:MEWUSDT BINANCE:MEWUSDT.P 📈Which side you pick? Bull or Bear SL1 ---> Low-risk status: 3x-4x Leverage SL2 ---> Mid-risk status: 5x-8x Leverage (If there is just one SL on the chart, I suggest, low risk status) 👾Note: The setup is active but expect the uncertain phase as well. ➡️Entry Area: Yellow zone ⚡️TP: 0.006912 0.007202 0.007492 0.007925 🔴SL: 0.005929 🧐The Alternate scenario: If the price stabilize against the direction of the position, below or above the trigger zone, the setup will be canceled.
Long
by CrazyS
1
ARBUSDT Long Setup Setting / Layer2BINANCE:ARBUSDT COINBASE:ARBUSD 📈Which side you pick? Bull or Bear SL1 ---> Low-risk status: 3x-4x Leverage SL2 ---> Mid-risk status: 5x-8x Leverage (If there is just one SL on the chart, I suggest, low risk status) 👾Note: The setup is active but expect the uncertain phase as well. ➡️Entry Area: Yellow zone ⚡️TP: 0.5415 0.5519 0.5612 0.5732 🔴SL: 0.5022 🧐The Alternate scenario: If the price stabilize against the direction of the position, below or above the trigger zone, the setup will be canceled.
Long
by CrazyS
$SOFi soared 8 days straight, 15minOn Thursday, Oct 10 I purchased two NASDAQ:SOFI 15 NOV 24 9c @ $64 ($128 total). ENTRY @ $8.72 (12:27pm, Thu, Oct 10) because I noticed NASDAQ:SOFI had been undergoing a temporary recovery to the upside. EXITs @ $9.99 & $9.93 - 1 contract - Profit taking at 120% ($64 -> $141), Mon, Oct 14 @ 1:18pm - 1 contract - 6% trailing stop triggered at 114% ($64 -> $137), Mon, Oct 14 @ 2:15pm Total revenue: $278 || Profit: $150 This is a good point to grab profit because price is around the 0.214 fibonacci and there is a gap to fill to the bottom which increases the chances of the stop dropping below continuing its journey to the upside.
NASDAQ:SOFILong
by Brandonthrives
Gold is in the bullish direction after correcting the supportHello Traders In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET today Gold analysis 👆 🟢This Chart includes_ (GOLD market update) 🟢What is The Next Opportunity on GOLD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
FX:XAUUSDLong
by ForexMasters2000
1
NEAR Looks BullishOn the chart, the trigger line is broken and we have a bullish CH. We have signs of trend change on the chart that we are looking for buy/long positions in the POI range. The targets are marked on the chart. Closing a daily candle below the invalidation level will violate the analysis For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
by behdark
EURUSD Trendline Breakout Ready for a Long BullHello Traders In This Chart EURUSD HOURLY Forex Forecast By FOREX PLANET today EURUSD analysis 👆 🟢This Chart includes_ (EURUSD market update) 🟢What is The Next Opportunity on EURUSD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
by ForexMasters2000
1
EURUSD Multi Timeframe Analysis 15.10.202415m Swing and Internal Bearish aligned with 4H We have now mitigated 4H Demand nested in Daily Demand that I have mentioned on earlier analysis Ideal 15m supply ranges to look for shorts marked on the chart to follow the bearish order flow To look for longs, that minimal 15m structure is now bullish and have created a demand zone to play quick longs. But ideally wait for 15m Internal Structure to shift bullish, that possibly be 4H Fractal to switch bullish, to play longs
Short
by alplaila
EUR/USD buyers could be lurking around the 200-day SMAThe euro has already seen a decent selloff heading into Thursday's ECB meeting, where expectations for them to cut by 25bp are high. And that runs the risk that that the cut is already priced in, and could leave the euro susceptible to a bounce if a dovish tone (hint of further cuts) are not also delivered. Prices are trying to hold around the 1.09, near the 200-day EMA and monthly S2 pivot point. We have inflation data from Europe up shortly, and if that comes in soft then perhaps we'll see another low. But given the size of the selloff already seen, I suspect buyers could be lurking around the 200-day SMA and a countertrend bounce to 1.0950 at a minimum could be due. MS.
Long
by CityIndex