AUD/USD Decline Expected Before Bullish ReboundHello,
OANDA:AUDUSD pair is expected to continue its decline, as anticipated last week. Despite widespread optimism, further downside is likely before a bullish trend emerges. The anticipated swing range is between 0.656921 and 0.632512.
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Pivot Points
USD/CHF Eyes Further Decline if Key Support BreaksHello,
FX:USDCHF pair is likely to see further downside, with strong weekly support initially presenting a barrier around 0.865397. If this level holds as resistance, it could pave the way for further movement downwards. The next key point would be the 1-month pivot point (1M PP); a sustained move and close below this level could open up additional downside potential.
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GBPUSD Eyes Further UpsideHello,
FX:GBPUSD appears poised for further upside, with the price currently moving toward the 1M Pivot Point (PP). Time will tell if this level will hold as support. Recent upward movement suggests a continuation, provided the price remains above the 1W and 1D Pivot Points.
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USDJPY: Anticipating Further DownsideHello,
FX:USDJPY may face another test of the 1M pivot point, especially after closing last Friday below both the 1W and 1D pivot points, indicating a potential for further decline.
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EURUSD Set for Potential Upside as It Tests 1W Pivot PointHello,
FX:EURUSD is approaching the 1-week pivot point (PP) once again. If this level holds, there could be potential upside, targeting the 1-year and 1-month pivot points. A breakout and sustained close above these levels could lead to further gains toward the 1.11929–1.14963 range.
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SHAKWeekly scale. Into my watchlist.
I am waiting for the retest of the broken horizontal level to enter.
Don't chase the stock. Even, as many charts prove, the best breakouts do not provide the opportunity for the second entry at a retest of the level, I prefer to see the retest and the confirmation / a tighter stop loss.
Trade safe
XAGUSD Downside Likely as 1M Pivot ResistsHello,
OANDA:XAGUSD is currently at its one-week low, trading below the 1-month pivot point (1M PP). If the 1M PP continues to act as resistance, further downside is likely, potentially leading to a test of the 31.79 to 30.049 range.
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EUR/USD: PAT + VPA 9/24/2024Good evening,
Today served as a solid confirmation that we might be experiencing a buying climax.
Several indicators have pointed to this:
1. We are observing a bearish pin-bar that is accompanied by significant trading volume.
2. Additionally, there is an evening star pattern present, featuring a prominent long-legged doji at its center.
3. Two weeks ago, we broke through a low, and now retail sentiment is beginning to shift towards long positions. It's common for retail traders, myself included in the past, to chase the highs and make purchases at elevated levels.
I believe the first key level market makers are going to push for is 1.088.
Best, The Pip Assassin!
TVC:DXY XETR:DAX
XAU/USD Approaching Key Support TestHello,
OANDA:XAUUSD has experienced significant upward movement in recent months. However, a support test at 2640.829 is now anticipated, with the 1M pivot point expected to act as resistance ahead. The swing range is set between 2709.603 and 2640.829.
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Hims demand zone leading into earningsHims is a position that has a lot of controversy but I am bullish. Lots of volatility rewards the patient. I have added a daily demand zone as we approach earnings and the conclusion of the election. We have already seen a very strong bounce from the buy zone and I have played my cards accordingly. I love seeing the stochastic RSI this low leading into earnings. Note the rising average volume as well.
My plan:
I have spot shares I plan to hold long term
During the 15% drawdown last week I sold CSP for 11/8 expiration that were aggressive, I will close these at 90% profit
Any time we approach 18$ I will sell aggressive CSP
Hood demand zone on volatilityI love these demand zones for dip buys, you'll usually note that mostly wicks touch these but candle bodies closing within are usually great opportunities, or a sign that a longer time frame demand needs to be looked at. We see a very bottoming stochastic RSI here, and a completely loss of the 5 day EMA.
My plan:
Sell aggressive pivot point CSP here around 23/23.5$
I expect an aggressive move back to approach that daily GAP
High-Probability SWI20 Longs with 57.78% Achieving TPI am adopting a probabilistic approach to my trading strategy based on historical and statistical data.
This method allows me to identify patterns and trends that have proven effective in the past, enabling me to make informed decisions about entering long positions.
By applying mathematical rules derived from historical performance, I can assess the likelihood of price movements and manage risk effectively.
This systematic approach helps to minimize emotional decision-making and enhances the potential for successful trades.
Key Fundamentals Supporting a Bullish Bias:
- Swiss Economic Resilience: Despite global economic challenges, Swiss equities are showing signs of recovery, with the Swiss SMI index rising 2% this year, indicating a potential bullish trend ahead.
- Central Bank Policies: The Swiss National Bank (SNB) has indicated a favorable inflation outlook, which could lead to supportive monetary policies that benefit the stock market.
- Currency Dynamics: The recent correction in the Swiss franc may ease pressure on exporters, potentially leading to improved earnings for companies within the index.
- Investment Inflows: Swiss-domiciled funds have recorded their highest net inflows since 2022, reflecting growing investor confidence in the Swiss market.
These factors collectively support a bullish outlook for the Switzerland 20 Index, aligning with my trading strategy.
2W:
HOURLY ENTRY:
ADDITIONAL FOR MY BABY RUNEA daily and a past weekly open/close is aligned with the VAL of the range we just came back into.
No matter what anyone says, a reaction is imminent in this level.
It is a nice long with a hard tp on the weekly open, with the rest of the position left running as it is inline with the past idea posted on this account.
Entry and SL is as stated in the charts
GBPNZD Pushing itself in a buy directionHello Traders
In This Chart GBPNZD 4 HOURLY Forex Forecast By FOREX PLANET
today GBPNZD analysis 👆
🟢This Chart includes GBPNZD market update)
🟢What is The Next Opportunity on EURNZD 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
GBPJPY is in the Down TrendHello Traders
In This Chart GBPJPY HOURLY Forex Forecast By FOREX PLANET
today GBPJPY analysis 👆
🟢This Chart includes_ (GBPJPY market update)
🟢What is The Next Opportunity on GBPJPY 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
Natural Gas still coiling! breakdown or breakout?Hello Traders
In This Chart NATGAS HOURLY Forex Forecast By FOREX PLANET
today NATGAS analysis 👆
🟢This Chart includes_ (NATGAS market update)
🟢What is The Next Opportunity on NATGAS 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
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
CRVUSDT: Trend in daily time frame (another scenario)The color levels are very accurate levels of support and resistance in different time frames, and we have to wait for their reaction in these areas.
So, Please pay special attention to the very accurate trend, colored levels, and you must know that SETUP is very sensitive.
BEST,
MT
EURUSD Analysis==>>Ascending Broadening Wedge Reversal Pattern!EURUSD ( FX:EURUSD )has managed to form an Ascending Broadening Wedge Reversal Pattern near the Resistance zone($1.0980-$1.0912) and Yearly Pivot Point .
Also, Regular Divergence (RD-) between Consecutive Peaks .
I expect the EURUSD to attack the Support zone($1.0816-$1.0775) again in the coming hours.
Euro/U.S.Dollar Analyze (EURUSD), 1-hour Time frame ⏰.
🔔Be sure to follow the updated ideas.🔔
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
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