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A valid setup CPI confirmed yesterdayHello everyone, hope we're all doing very well !. CPI pushed price down to tap the H4 order block which price actually did reject with an H4 hammer candle that adds even more confirmation for the buy. The SL which is just below the order block is 0.5980 (26 pips) Entry is just around this place price is but since price has moved already you can enter at the current price (0.6007). Use proper risk and money management and try not to over-leverage your account.
Long
by LaBOSS_FX
2
SWING IDEA - APOLLO TYREApollo Tyres , a leading tyre manufacturer, is showing technical indicators that suggest a promising swing trading opportunity. Reasons are listed below : 540-560 Resistance Zone Breakout : The 540-560 level has been a significant resistance zone. The price is now breaking out above this crucial zone, indicating strong bullish momentum. Bullish Marubozu Candle on Daily Timeframe : The recent formation of a bullish marubozu candle on the daily chart indicates strong buying pressure and suggests potential for further upward movement. Breaking 5-Month Consolidation : The stock is breaking out of a consolidation phase that lasted over 5 months, signaling a potential new bullish trend. Higher Highs : The stock is consistently making higher highs, indicating a strong upward trend. Trading Near All-Time High : The stock is trading near its all-time high, suggesting strong market confidence and potential for further gains. Gradual Increase in Volumes : A noticeable increase in trading volumes confirms the strength of the price move and indicates growing investor interest. Trading Above 50 and 200 EMA : The stock is trading above both the 50-day and 200-day exponential moving averages (EMA), reinforcing the bullish sentiment and providing strong support levels. Target - 630 // 670 Stoploss - daily close below 490 DISCLAIMER - Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services. @visionary.growth.insights
NSE:APOLLOTYRELong
by Visionary_Growth_Insights
35
Highs and Lows Move Together: A Key Insight for Retail Traders█ Understanding Daily Highs and Lows in Trading When it comes to trading, understanding the dynamics of daily price movements is essential. Daily highs and lows, which represent the highest and lowest prices of an asset within a single trading day, are more than just numbers—they provide valuable insights into market behavior, volatility, and potential trading opportunities. █ What Are Daily Highs and Lows? Daily Highs: The highest price an asset reaches during a trading day. Daily Lows: The lowest price an asset hits during the same period. Price Range: The difference between the daily high and low, which gives a measure of the day's volatility. These metrics are crucial for traders because they not only reflect the volatility but also highlight the turning points in the market. A wide price range indicates high volatility, while a narrow range suggests the opposite. █ Insights from Research Research shows that daily highs and lows are not just random occurrences—they are statistically significant and can be forecasted with reasonable accuracy. For example, models that analyze the relationship between daily highs, lows, and the price range can outperform simple predictions based on past prices alone. ⚪ Highs and Lows as Important Levels: The daily high is the highest price that an assets reaches in a day, and the daily low is the lowest price. These points are important because they often act like barriers in the market. If the price approaches the daily high, it might struggle to go higher, like hitting a ceiling. If it can’t break through, it might start to fall back down. Similarly, when the price gets close to the daily low, it might find support, like hitting a floor, and start rising again. ⚪ Market Reactions: When the price reaches these highs or lows, it often reacts strongly. For instance, if the price hits a high but then drops, it suggests that traders think the price shouldn’t go higher, leading to a possible reversal. On the other hand, if the price keeps pushing against a high and finally breaks through, it could signal the start of a new upward trend. In simple terms, the highs and lows act like important checkpoints in the market. Watching how prices behave around these levels can give traders clues about what might happen next. █ Key Findings ⚪ Daily Highs and Lows Move Together: The study found that the highest and lowest prices of oil each day are connected and tend to move together over time. This connection means that if one changes, the other usually does too. For retail traders, this suggests that tracking these levels can provide important clues about where the market might be heading next. ⚪ Price Ranges Indicate Volatility: The difference between the daily high and low (known as the price range) is a strong indicator of how volatile the market is. A large range means the market is very active and prices are swinging widely. For traders, this could mean more opportunities to profit, but also more risk. Conversely, a small range indicates a calmer market with less movement. ⚪ Better Forecasting Models: The study shows that by understanding the relationship between daily highs, lows, and the price range, traders can use more accurate models to predict future prices. These models outperform simpler methods that many traders might be using. For retail traders, this means there are better tools available that can help them make more informed decisions and potentially increase their chances of success. █ Daily Highs and Lows Move Together Daily highs and lows are connected and influence each other. This means that the highest and lowest prices of an asset during a trading day tend to move in relation to one another. Imagine you're tracking the price of crude oil. On Monday, the highest price of the day was $80 per barrel, and the lowest was $75 per barrel. On Tuesday, the price went up, with the high being $88 and the low being $79. What the research found is that these daily highs and lows tend to follow a pattern or move in sync with each other over time. The increase in both the high and low suggests that overall market sentiment is positive, and traders are willing to pay more, even at the lowest prices of the day. █ What It Actually Means ⚪ Connection Between Highs and Lows: If the daily high price increases, the daily low price often increases too, and vice versa. This doesn’t mean they are the same price, but rather that they tend to trend in the same direction. For instance, if the market is generally moving up (bullish), both the daily high and low prices will usually increase from one day to the next. ⚪ Why They Move Together: This movement happens because the factors driving the price up or down (like supply and demand, market sentiment, or external news) impact both the high and low of the day. If there’s strong buying pressure, it will push the daily high up and also raise the floor, or daily low, as sellers adjust their expectations. █ What It Means for Retail Traders For new traders, understanding and using daily highs and lows can be a game-changer. These metrics offer a glimpse into market sentiment, help identify trading opportunities, and can form the foundation of robust trading strategies. By incorporating the analysis of daily highs and lows into your trading routine, you can make more informed decisions and improve your chances of success in the markets. Understanding that daily highs and lows move together can help you predict market trends. If you see a pattern where both the highs and lows are steadily rising, it’s a sign that the market is in an uptrend, and you might decide to buy, expecting prices to keep climbing. Conversely, if both are falling, it might indicate a downtrend, suggesting it’s a good time to sell or avoid buying. █ Reference He, A.W.W., Kwok, J.T.K., & Wan, A.T.K. (2010). An empirical model of daily highs and lows of West Texas Intermediate crude oil prices. Energy Economics, 32(6), 1499–1506. ----------------- Disclaimer This is an educational study for entertainment purposes only. The information in my Scripts/Indicators/Ideas/Algos/Systems does not constitute financial advice or a solicitation to buy or sell securities. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on evaluating their financial circumstances, investment objectives, risk tolerance, and liquidity needs. My Scripts/Indicators/Ideas/Algos/Systems are only for educational purposes!
OANDA:BCOUSDEducation
by Zeiierman
1
GBPUSD | Perspective for the new week | Follow-upThe British Pound (GBP) has been on a rough ride lately, closing out its fifth consecutive week in the red. But a late-week rally brought some hope, pulling the GBP/USD back from its lowest point in five months. Now, all eyes are on the upcoming week, which is packed with key economic data and a crucial Fed decision. In this video, we'll analyze the GBP/USD currency pair, examining the potential for a bullish rebound in light of the upcoming economic releases and the Fed's likely rate cut. With the Federal Reserve's September meeting on the horizon, investors are keenly focused on the potential for a rate cut. Current rate markets have priced in the beginning of a rate cut cycle, with the Federal Open Market Committee (FOMC) expected to meet on September 18. Although the probability of a 50 basis point cut was previously high, expectations have adjusted slightly. According to the CME’s FedWatch Tool, there is now a 53.5% chance of a 50 bps cut in September, with further cuts anticipated later in 2024. Next week’s economic calendar is packed with key data. On Tuesday and Wednesday, we’ll receive the US Producer Price Index (PPI) and Consumer Price Index (CPI) inflation reports, which could provide crucial insights into market direction. Additionally, US Retail Sales and updates from the University of Michigan’s Consumer Sentiment Survey will offer more context for economic trends. Given these developments, the big question is: will the British Pound be able to maintain its bullish momentum as we head into the new week? Join us as we dive into the charts, analyze the current market conditions, and discuss potential trading opportunities. GBPUSD Technical Analysis: Will the pound maintain buying pressure above $1.27500 and the ascending trendline next week? Watch this video for key trades this week. Join the discussion for updates on GBP/USD trading. Stay tuned for more content. Happy trading! Disclaimer Notice: Trading in the foreign exchange market and other instruments carries high risk and may not be suitable for all investors. The content provided here is for educational purposes only. Evaluate your financial situation and consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results.
by darcsherry
Gold price analysis August 14Fundamental Analysis Gold prices attracted some follow-through selling for the second consecutive day on Wednesday and moved further away from the monthly peaks retested earlier this week. A generally positive tone around equity markets dampened demand for the safe-haven precious metal, although geopolitical tensions stemming from ongoing conflicts in the Middle East helped limit losses. In addition, expectations of further rate cuts by the Federal Reserve, bolstered by signs of continued subdued inflation, acted as a catalyst for non-yielding gold prices. Traders also appeared reluctant to place positive bets, preferring to wait for further cues on the Fed’s policy path. As a result, the market’s focus remained on US consumer inflation data. Technical Analysis From a technical perspective, the recent bounce from the 50-day Simple Moving Average (SMA) support and the positive oscillators on the daily chart favor the bullish traders. Therefore, any meaningful decline can still be viewed as a buying opportunity and remains limited. Gold prices appear to be preparing to retest the record high, around the $2,483-2,484 region and target the psychological $2,500 mark. Sustained strength above the latter would mark a fresh breakout through the wider trading range maintained over the past month or so and set the stage for a further near-term upside move. On the downside, the $2,450-2,448 resistance level now looks to protect the immediate downside, below which gold could slide back to the weekly lows around the $2,424-2,423 region touched on Monday. The next relevant support level is anchored near the $2,412-2,410 region ahead of the $2,400 round-figure mark. Canh Sell scalp 2485 - 2487, stoploss 2491 Canh Sell 2500 - 2502, stoploss 2506 Canh Buy scalp 2435 - 2433, stoploss 2429 Canh Buy 2426 - 2424, stoploss 2420
OANDA:XAUUSD
by TVS-Trader
[INTRADAY] #BANKNIFTY PE & CE Levels(14/08/2024)Today, Bank Nifty is expected to open with a slight gap up, with an opening level around 50000. After the opening, a possible reversal to the downside is anticipated. The downside target for today’s session could be around 49,550 if Bank Nifty does not sustain above 49950. Any upside rally will only be possible if Bank Nifty starts trading above 50050; this rally could reach up to 50450, which will act as a strong resistance level for today’s session.
NSE:BANKNIFTY
by TradZoo
Gold Trade : Bullish Momentum AheadXAUUSD has been making bullish trend through 2041 making higher highs and higher lows and is holding towards the liquidity zone 2458 2460.Price action and market structure also shows bullish trend and also a double bottom pattern is evident around the 2380 2385 level indicating a strong support area. there is also a news which would support us in bullish momentum Our technical analysis and market indicators suggest a positive trend for gold in the next trading session. Investor can expect a potentially lucrative opportunity to capitalize on the bullish momentum.
OANDA:XAUUSDLong
by sabellaFX
Gold Prices Likly To Drop TodayOur technical analysis and market indicators suggest that gold is likely to experience a sell-off tomorrow, reversing the gains made in recent trading sessions. the expected sell entry would be 67 and 63. This pessimistic forecast is supported by concerning fundamental factors, including: - Weakening investor demand for safe-haven assets - Central banks' potential reduction in gold reserves accumulation - Unfavorable macroeconomic conditions, such as rising interest rates and a strengthening US dollar
OANDA:XAUUSDShort
by sabellaFX
1
A1+ setup, lets catch 100pips tomorrow while risking just 10pipsSwitch to a lower timeframe (M15/M39) to properly see the change of character with the breaker block that took the low. Price is now trying to push up to the order block which it should reject from then push down to give us our 100 pips setup which is highly probable considering this week is CPI !. The stop is just 10 pips, look for entries before or during London session tomorrow. Apply proper risk and money management !.
Short
by LaBOSS_FX
5
USDJPY Scalping SignalBUY USDJPY now 147.200-147.000  ↠ Stoploss 146.800 →Take Profit 1 147.500 →Take Profit 2 148.200 Japanese Yen remains tepid as US Dollar advances due to diminished bets of Fed rate cuts The Japanese Yen declines due to low trading as traders observe the Mountain Day holiday in Japan. The US Dollar receives support due to diminished odds of Fed rate cuts following last week’s upbeat US data. Safe-haven flows may limit the downside of the JPY amid increased geopolitical tensions.
by TVS-Trader
Gold Analysis August 12Fundamental Analysis Gold (XAU/USD) attracted some dip buying near the $2,424 region on Monday and looked set to extend last week’s decent recovery from the 50-day Simple Moving Average (SMA) support. Investors remain concerned about the possibility of a wider conflict in the Middle East, which is seen as a key driver for the precious metal. In addition, expectations of further rate cuts by the Federal Reserve (Fed) also provided additional support for the non-yielding asset. However, the intraday rally lacked any bullish sentiment following the generally positive tone around the equity markets, which tended to weigh on the safe-haven bullion. Moreover, a modest appreciation in the US Dollar (USD) continued to limit the upside in XAU/USD. Traders also seem reluctant and prefer to wait on the sidelines ahead of the key US inflation figures - Producer Price Index (PPI) and Consumer Price Index (CPI) on Tuesday and Wednesday. Technical Analysis Gold is approaching the resistance point of 2441-2443 and we can set up a SELL signal in this area. GOLD is on an uptrend so we just look at the Scalping signal and look for a nice entry to BUY long term in line with the main trend of the market. Pay attention to the support and resistance points to have a suitable trading strategy Breakout upper border: 2434, 2446 Breakout lower border: 2421, 2416, 2400 Resistance: 2432 - 2442 - 2456 Support: 2421 - 2417-2407 SELL price zone 2442 - 2444 stoploss 2446 BUY price zone 2407 - 2405 stoploss 2401
OANDA:XAUUSD
by TVS-Trader
GOLD at a Tipping Point: Rally or Reversal?Comprehensive Analysis of XAU/USD (Gold vs. U.S. Dollar) Across the 1-hour, 15-minute, and 4-hour charts, the current market structure of Gold against the U.S. Dollar (XAU/USD) reveals a critical juncture, with several key technical patterns and liquidity zones influencing potential price movements. --- 1. Overall Market Structure: Large Ascending Channel (4-Hour Chart) - Channel Formation: The price has been trending within a **large Ascending Channel** since early May, with well-defined higher highs and higher lows. This channel serves as the primary structure guiding the market’s long-term movement. - Upper and Lower Boundaries: The upper boundary near 2474.774 (Daily LQZ) and the lower boundary near 2355.819 (Daily LQZ) are critical levels. The price is currently closer to the channel's upper half, indicating potential room for further upside but also a heightened risk of reversal. 2. Intermediate Market Structure: Recent Ascending Channel Breakdown (1-Hour & 4-Hour Charts) - Smaller Ascending Channel: On the 1-hour and 15-minute charts, a smaller Ascending Channel had formed recently, suggesting a potential continuation of the upward move. However, this channel experienced a breakdown, indicating a shift in short-term momentum. - Retest and Flag Formation: Following the breakdown, the price formed a flag pattern. This typically signals consolidation before continuation in the direction of the previous trend (which was down, post-breakdown). The resolution of this flag is crucial for the next significant move. --- 3. Liquidity Zones (LQZs): Key Decision Points - 1-Hour LQZ at 2441.637: A significant resistance level that the price is currently hovering near. Its strength has been tested, and it could either cap the current move or be breached if buying pressure increases. - 4-Hour LQZ at 2458.954: Positioned slightly above the current price, this is another critical resistance zone, closely aligned with the broader channel's upper resistance area. - Daily LQZ at 2474.774: This is a major resistance level that coincides with the upper boundary of the large Ascending Channel. If reached, it could signal an important inflection point. - Support at 2402.417 (1HR) and 2355.819 (Daily): These are key levels of support that could come into play if the price fails to break higher and instead moves downward. --- 4. Volume Analysis: Gauging Momentum** - Recent Volume Trends: Across the charts, volume has shown signs of moderation, particularly during the formation of the flag pattern. This suggests a potential lack of conviction among market participants, which could lead to a volatile breakout or breakdown. - Volume at Key Levels: It will be essential to monitor volume closely at critical LQZs and the flag pattern boundaries. A breakout with strong volume could confirm the direction, while a low-volume move might indicate a false breakout or temporary move. --- 5. Mass Psychology and Market Sentiment - Herd Behavior: The market is at a psychological tipping point. If a breakout from the flag pattern occurs, it could trigger a strong collective buying response, driving the price higher toward the 4HR and Daily LQZs. Conversely, a failure could lead to a rapid sell-off as participants rush to exit. - Overextension and Exhaustion: The proximity to significant resistance levels increases the risk of overextension. If the price approaches the Daily LQZ at 2474.774, traders should be cautious of a potential reversal due to exhaustion of the bullish trend. --- 6. Potential Scenarios and Strategic Considerations - Bullish Scenario: - Breakout Above Flag: A confirmed breakout above the flag pattern, supported by strong volume, could push the price towards the 4HR LQZ (2458.954) and potentially the Daily LQZ (2474.774). - Continuation Within the Larger Channel: If the price clears the 4HR LQZ, it could target the upper boundary of the large Ascending Channel, aligning with the Daily LQZ at 2474.774. - Bearish Scenario:** - Breakdown from Flag: A breakdown from the flag, especially with increasing volume, could signal a short-term bearish move, targeting support levels at 2402.417 (1HR LQZ) and 2355.819 (Daily LQZ). - Rejection at 1HR LQZ (2441.637): If the price fails to break the 1HR LQZ convincingly, it could lead to a retest of lower support levels, indicating a potential retracement within the larger channel. - Neutral/Baseline Strategy: - Wait for Confirmation: Traders might consider waiting for a clear breakout or breakdown from the flag pattern and observe how the price reacts at the nearest LQZs. This approach reduces the risk of being caught in a false move. - Risk Management: Stops should be placed strategically around the flag pattern’s boundaries or key LQZs to protect against adverse moves. --- Conclusion: The XAU/USD pair is currently at a crucial inflection point. The broader market structure, combined with recent developments in the 1-hour and 15-minute charts, suggests that the next significant move could set the tone for the short to medium term. Close attention should be paid to the flag pattern, volume behavior, and the reaction at key liquidity zones, particularly the 1HR and 4HR LQZs. A breakout could lead to a test of the upper boundaries of the larger channel, while a breakdown might see the price revisiting lower support levels within the channel. This is a classic setup where waiting for confirmation before entering a position could offer a strategic advantage, allowing for more informed and controlled trading decisions.
OANDA:XAUUSDLong
by Adlercon333
1
Gold Market Outlook: Bullish Trend Expected To PersistOur technical analysis and market indicators suggest that gold will continue to exhibit bullish behavior tomorrow, Identified buy level at 25 and 20, building on the momentum established in recent trading sessions. This optimistic forecast is supported by robust fundamental factors, including: - Strong investor demand for safe-haven assets - Central banks' continued gold reserves accumulation - Favorable macroeconomic conditions
FOREXCOM:XAUUSDLong
by sabellaFX
SWING IDEA - AVANTI FEEDSAvanti Feeds , a leading manufacturer of shrimp feed and prawn processor, is showing technical indicators that suggest a potential swing trading opportunity. Reasons are listed below : Multiple Tests at 600-650 Zone : The 600-650 level has been tested multiple times, indicating it as a significant resistance zone. The price is now attempting to break through this level, suggesting strong bullish momentum. Symmetrical Triangle Pattern Breakout : The stock is breaking out of a symmetrical triangle pattern, a bullish continuation pattern indicating potential upward movement. Strong Bullish Engulfing Candle on Weekly Timeframe : The formation of a bullish engulfing candle on the weekly chart indicates strong buying pressure and suggests potential for further upward movement. 50 and 200 EMA Support on Weekly Timeframe : The stock is finding support at both the 50-week and 200-week exponential moving averages (EMA), reinforcing the overall bullish sentiment and providing strong support levels. Break of Consolidation Zone of 5+ Years : Avanti Feeds is breaking out of a long consolidation phase that lasted over 5 years, signaling a potential new bullish trend. Spike in Volumes : A noticeable increase in trading volumes confirms the strength of the price move, indicating strong investor interest and participation in the current trend. target - 770 // 900 // 975 Stoploss - weekly close below 485 Disclaimer : Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services. @visionary.growth.insights
NSE:AVANTIFEEDLong
by Visionary_Growth_Insights
Gold price analysis September 8Fundamental Analysis Gold prices eased from a three-day high near $2,430 but held above the key support level of $2,400. The near-term outlook for the precious metal remains solid amid speculation that the Federal Reserve (Fed) will begin cutting interest rates in September. However, investors remain divided on whether the Fed will demonstrate its aggressiveness in its policy normalization by announcing a 50 basis point (bp) rate cut or a 25 bps cut. Technical Analysis Gold prices are in a strong bullish range with a narrow range around 2,418 and 2,434. Prices are trading strongly above the EMA and are poised to make further gains. The resistance levels of 2,454 and 2,404 act as key support and resistance, keeping gold prices steady over the weekend. Resistance: 2432 - 2448 - 2454 Support: 2412 - 2407 - 2396 - 2388 Price ranges to note: SELL scalp price range 2441 - 2443 stoploss 2447 SELL price range 2453 - 2455 stoploss 2459 BUY price range 2407 - 2405 stoploss 2400 BUY price range 2397 - 2395 stoploss 2391
OANDA:XAUUSD
by TVS-Trader