GBPAUD Bullish Trade Idea from 2.00381-2.0082GBPAUD Bullish Trade Idea
The price fell from the 2.02834 zone and hit back the 2.00381 zone, just respecting the recent support level.
Now the important question is: does the price just test back and wait for the confirmation candle over this zone to reach the next level?
In H4, the bear pressure will increase over time, and the volume increased with sentiments also showing that more volume on the buy side. and the major zone will be tested.
Key level: if the market breaks the support, then we must see at the 1.99567 zone, but on the other side, the Pound index is strong enough.
When the market breaks the 2.00820 level, put buy trade.
Buying zone: 2.00381 - 2.0082
Stop loss: 1.99778
Take Profit Level: 2.0158-2.02763
Pond
A trade not taken is better than a losing one!A trade not taken is better than a trade taken from the wrong place.
I find it more accurate and appropriate to wait for this point. The fact that these coins perform well in this atmosphere tells me a lot about their potential.
Don't focus on altcoins in past bulls, new and volume pairs can also do very well. Buy from the right place and wait.
Marlin (POND)Marlin is an open protocol that provides a high-performance, programmable network infrastructure for DeFi and Web 3.0. Its native utility token, POND, is used for: 1) Running validator nodes on the network via staking; 2) Making and voting on governance proposals to determine how network resources are allocated; and 3) Determining a set of network performance auditors and compensating users from an insurance fund in case of an SLA breach.
Anyway, it is clear from the chart that POND was in a downtrend. Then, POND made a consolidation area in the shape of a triangle and then broke both this area and the major downtrend line. With this, POND started an upward phase that went up to the first horizontal resistance area. But POND couldn't break this horizontal area, and as a result, a correction started. Recently, POND broke the minor downtrend line and is going toward the horizontal resistance area. Let's see if this time POND can break it or not.
GBPUSD Medium cycle GBPUSD was in the bullish channel and now its broken that and its on a supportive level.
According to my last idea,
i said if its hunt the channel sooner that we expected its show the bearish trend power.
Then the bullish channel broke.
but now the price on a supportive level and i think the trend can reversal.
also the DXY confirm that because its in a resistance level.
its show dollar will be weak.
Its just my personal comment please don't trade whit this.
I have no responsibility for your money.
PONDUSDT - Recovery / Continuation PatternAnother AI coin
There is a large overarching Inverted H&S structure if you use the flat base as the H for the structure
Price needs to form the right shoulder and then the next move up can continue
Horizontal line is a light resistance for price and is very achievable
Daily chart
#POND/USDT#POND
The price is moving in a 12-hour bearish channel, is very committed to it, and has just broken through it
We have a green support area at 0.01650 that is expected to be bounced from due to its strength
We have a trend to hold above the Moving Average 100, which is strong support for the rise
We have very strong oversold resistance on the RSI indicator to support the rise with a strong downtrend
Entry price is 0.02300
The first target is 0.02800
The second goal is 0.03260
The third goal is 0.03800
PONDUSDT.4HOn this 4-hour chart for Marlin (POND) against Tether (USDT), the price action is within a critical area of the Ichimoku Cloud, which can offer insights into the market's momentum and potential support and resistance levels.
Ichimoku Cloud: The price is currently sitting just above the Ichimoku Cloud. If it stays above, the Cloud can act as support, suggesting a bullish trend. A drop below the Cloud could signal a shift to a bearish trend.
Trendlines: A descending trendline is visible, which has been acting as resistance. If the price breaks above this line, it might indicate a potential reversal to the upside.
Support (S1): There’s a support level at the green ascending trendline, which if held, could indicate that the price may continue its uptrend.
Resistance (R1): The resistance level is marked above the current price. If the price reaches this level and fails to break through, it could lead to a potential sell-off.
MACD (Moving Average Convergence Divergence): The MACD is below the signal line, suggesting bearish momentum. However, the histogram is showing less negative momentum, which could indicate the possibility of a trend reversal or consolidation.
RSI (Relative Strength Index): The RSI is hovering just under the midline at around 47, which is neither particularly bullish nor bearish.
Conclusion:
I’d watch the price action in relation to the Ichimoku Cloud and the descending trendline. Maintaining above the Cloud and breaking the trendline could offer a bullish signal, in which case I would consider potential long positions with R1 as a target. If the price falls below the Cloud, I’d be cautious of a bearish trend developing and consider any trades accordingly, potentially looking for short opportunities if the trend confirms. The mixed signals from the MACD and RSI suggest it's a critical moment to be vigilant for confirming signs of the future price direction. Trading decisions should be complemented with other analyses and the latest market news.
Trade signal | Marlin (POND) completed a setup for the next pumpHi dear friends, hope you are well and welcome to the new trade setup of Marlin (POND) with US Dollar pair.
Previously we caught almost 92% pump of POND as below:
Now on a 4-hr time frame, POND has formed a bullish Gartley move for the next pump.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
POND/USDT Breaking out the Key resistance. Bullish Momentum ???💎 POND has recently experienced significant developments in the market. Presently, POND has achieved a successful breakout of the key resistance area, effectively breaking free from the confines of the accumulation zone resistance.
💎 This development is indicative of a bullish momentum for future movements, with the probability for the price to undergo a retesting phase before continuing its upward trajectory, ultimately targeting the bearish OB area.
💎 However, if during the retesting phase, POND fails to demonstrate a bounce and instead retraces back into the accumulation zone area, this could be interpreted as a false breakout, potentially leading to a downward movement with the likelihood of reaching the demand or support area.
💎 To maintain its bullish momentum, POND would need to bounce from this point and reclaim the price above the accumulation zone area. Failure to do so could result in a continuation of the downward movement, eventually reaching the strong support area.
Trade signal | Marlin (POND) setting up for upto 29.50% pumpHi dear friends, hope you are well and welcome to the new trade setup of Marlin (POND) with US Dollar pair.
Recently we caught almost 92% pump of POND as below:
Now on a daily time frame POND is about to complete a bullish AB=CD move for the next pump.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
2023.9.11 the pound led the rise2023.9.11 the pound led the rise
Hello, I'm Older Duan. Today is Monday, September 11th 2023.
Now it's 17pm Beijing time.
Let me give you a quick comment on the technical forms of the current international mainstream varieties!
First, what we see is the daily graph of the dollar index.
As shown in the figure, the US dollar index fell down today and has already fallen below the daily average of 377 (104.672)!
Now, let's look at gold.
Now you can see the daily chart of gold.
The figure superimposes the combination of gold's recent bottom-up golden section and Fibonacci parameter mean square!
As shown in the figure, gold surged today and is about to challenge the daily level long short divide daily level 55 moving average (1933.70 US dollars)! So, for the rest of today, just use this position as an important point during the day! Above this position, long trading is the main focus; Below this position, short selling is the main focus!
Let's take a look at American crude oil.
What you are now seeing is daily level candle chart of US crude oil. The graph superimposes the recent bottom-up golden section of US crude oil and the Fibonacci parameter mean square combination!
As shown in the figure, US crude oil presents a high level contraction triangular arrangement shape! So, for the rest of today, we will continue to use the monthly level 21 moving average ($86.76) as an important intraday point operation! Above this position, long trading is the main focus; Below this position, short selling is the main focus!
Let's look at EURUSD.
What you can see now is the daily chart of EURUSD.
The figure superimposes the combination of European and American currencies against the recent bottom of the golden section and Fibonacci parameter mean square!
As shown in the figure, the euro strengthened against the US dollar today! So for the continuation period today, just use the highest point on Friday (1.07430) as an important point operation for the day! Above this position, long trading is the main focus; Below this position, short selling is the main focus!
Finally, let's take a look at GBPUSD.
Now you can see the daily chart of GBPUSD.
The figure superimposes the combination of the recent bottom of the GBPUSD against the golden section and the Fibonacci parameter mean square!
As shown in the figure, the pound strengthened against the US dollar today and is about to test the daily level 165 moving average (1.25464)! So for the continuation period today, just use this position as an important point for operation during the day! Above this position, long trading is the main focus; Below this position, short selling is the main focus!
Well, the above is a quick inventory of the technical forms of the international mainstream varieties in today's European period!
Special reminder, today is Monday, and this week there will be US CPI data and "horror data" US retail sales monthly rates. Please pay attention to the risks!
Im Older Duan. Wish you happy win . Goodbye!
Trade suggestion on EURGBPHey guys, my name is Reza, thanks to follow my idea.
Description:
we can find Bearish Order Block on 15m. Also, this chart has 2 other OB (Bullish OB) that shown with Green Zone.
I see RSI14 Bearish Divergence on chart.
To find TP levels, I used Fib Ret.
Drow VP on last movement. High potential level is 0.85361 (close 0.85364, 23.6% Fib Ret.)
Suggestion:
(Strong) My idea (1) Sell-Limit at 0.85709-0.85758 with SL: 0.85771 (can be more)
TP Levels:
0.85654 (more than 95%)
0.85566
0.85504 (High potential)
0.85441 (High potential)
0.85364
My idea (2) Buy-Limit at 0.85469-0.85397 with SL: 0.85384 (can be more)
TP Levels = Fib Levels and price nodes.
(Strong) My idea (3) Buy-Limit at 0.85323-0.85281 with SL: 0.85263 (can be more)
TP Levels = Fib Levels and price nodes.
Note: This currency pair have medium important news*
PONDUSDT Demand Zone Formation and 50% Upside Potential 📊💎 #PONDUSDT formed a potential bottom on June 10, followed by an impressive 83% price surge. During its upward movement, #POND confidently broke above the downtrend trendline, indicating a possible shift in the long-term trend. However, after bouncing off the supply zone, #PONDUSDT experienced a significant pullback, with the price correcting down to the 78.6% Fibonacci retracement level at $0.0078.
💎 What's intriguing is the precise bounce off this Fibonacci support, accompanied by a clean rebound from the uptrend trendline. Consequently, a demand zone has been established, and as long as a new lower low is not formed, we can anticipate further upside, with a retest of the supply zone near the 78.6% Fibonacci resistance.
💎 Once/if our upside target is reached, a gain of over 50% will be achieved. Overall, the risk-to-reward ratio for buyers looks favorable, and the MCP team is eagerly awaiting the opportune moment to join this bullish journey.
GBPUSDHi
GBPUSD has been examined in different dimensions:
1- Strong supply and demand levels that I identify with my own indicator and system.
2- The structure of recently formed waves
3- Current market momentum
4- The structure of classical and price patterns
In this idea, I identified the direction of the market in different ways and in the second step, I analyzed the potential of continuation or reversal. Usually, paying attention to the trend and strength of the trend can greatly increase the accuracy of the analysis.
In general, I tried to describe the continuation of the movement in the simplest possible way in the diagram.
⚠️ Disclaimer:
This is a personal opinion and you are responsible for any trading decisions.