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Priceactionanalysis

GBP/JPY Bullish idea 23/04/2024Price has been moving down on the 30m and 4h chart creating lower highs and lower lows but this morning price broke the most recent resistance indicating a possible change in structure. This was confirmed with a higher support on the 30m chart which means trading this time frame alone I would be looking for buying opportunities. It is nice confluence to see this on both time frames Price on the 4h has closed above range support so if price can remain above the support it makes sense to see further upside. Waiting for the next support to form on the 30m chart would be an indication to get involved in to trade price to the next resistance looking left and this aligns with the top of the 4h range This is very basic price action and not something I will be trading as it does not align with my trading session however I often plot these areas to give me a wider picture on what structure is telling me so I thought why not post
Long
by wilsonkfx
XAUUSD Short Setup: Potential Sell Opportunity!We're eyeing a short opportunity on XAUUSD around the $2355-2360 range, where the price is expected to encounter resistance. This level coincides with the Fibonacci 0.50 retracement level, a key trendline test, and upcoming PMI news, suggesting a potential reversal. Heightened geopolitical tensions further support the bearish bias. Stay tuned for detailed analysis and trade insights!#XAUUSD #ForexTrading #ShortSetup #TechnicalAnalysis #GeopoliticalFactors #PMINews
FXOPEN:XAUUSDShort
by goldsniperfxreal
April 22, Weekly Outlook: Navigating DXY and GBPUSD this WeekIn this video, I'll deliver a thorough analysis of the DXY and GBPUSD, providing insights into what to expect throughout this week's trading. We'll delve into the seasonal changes dictated by the quarters of the year, particularly significant as we transition into a new quarter. It's crucial to adjust your trading approach and expectations accordingly. Currently, we're witnessing a sell program with anticipated heavy volatility to the downside. Stay tuned for this week's updates. Kind Regards, The_Architect
by The_Archi-tect
Crude Oil retraces on Conflicts🛢️Hello traders.. WTI Crude Oil has been dropping since the beginning of the conflict this past weekend between Iran and Israel. We are trending bullish so far on the year and are up 14%. Price is pulling back this week and we recently touched into a Daily support level 81.25 where we observed a bounce. I dont believe sellers are completely out on this bearish retracement and am looking for a retest of the Daily level 81.25. We have a 4hr resistance zone at 82.30 that may aid in facilitating a move back down.
TVC:USOILShort
by ShrewdCatfx
Bitcoin important zone, institutions are in!ok, after a crazy week, finally we are seeing institution's activity, at this point we can just wait and analyze what are they doing. buying? selling? I still have my short positions, but right now is risky to make a decision, it's been a rush so it's difficult to think clearly after huge profits. DO NOT trust the news, don't trust indicators, just try to read the price and volume!!! try to keep your mind clear and please don't read any news! the blue rectangle should be the zone of accumulation/distribution, so let's analyze what's going on there. In my opinion bitcoin still have chances to continue falling, but some other cryptos already touched the zones I had projected, so it makes me doubt a little bit about bitcoin. at this point the smartest thing we can do is being neutral and don't trade.
BINANCE:BTCUSD
by gon08