XAUUSD 24/9/23XU is currently sitting in a monster range, we have tracked this thing bearish for the best part of last week, while we expect a bullish move we do have a few blocks stopping us from possibly shifting up into our upper 50% of this range.
firstly we have a minor SWH that will act as an internal protected high that could let us find an entry to go higher if we break it, we could also see it shift price deeper towards our low giving us a run of the lows overall iam looking for a break of this high leading us to the untradable POI we have marked.
open entries and watching out high is the key for an entry here on gold.
Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan.
We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
Range
ETH - The Bulls Are Pushing, However...❗️Greetings, TradingView Family! This is Richard, also known as theSignalyst.
Just like BTC, ETH has been bullish the last couple of days and is currently back above the local support (1600.0).
📈 For the bulls to remain in control, it's crucial for ETH to surpass the last high in orange at 1663.0 . If this occurs, we can expect further upward momentum toward 1700.0 blue supply zone.
📉 Meanwhile, ETH would be stuck inside the new range between 1600.0 and 1650.0
📚 Always remember to follow your trading plan when it comes to entry, risk management, and trade management.
Good luck!
Remember, all strategies are good if managed properly!
~Rich
US-Oil 17/9/23US-Oil in a bullish range looking for tap into this area to shift us into the next bullish expansion.
Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan.
We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
XAUUSD 17/9/23XU we have another clear example of a bullish swing range but overall, we know gold loves to take liquidity, so we could see the reversal from our unmitigated POI at our SWH but of course if we hit our swing low POI first then we go bullish it means most likely we are going higher.
Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan.
We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
NAS100 17/9/23N1 has a huge expanded range here which tells us we are most likely to see some internal moves that we can trade before we see a pullback to our swing POI. we are still yet to put in a swing low so until that forms we cant exactly track our range.
Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan.
We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
USDJPY 17/9/23UJ giving us the reverse of GJ which is a bullish swing range with an unmitigated POI at its base, as a whole iam seeing a clear bis and entry for this setup, now of course we might not het this tap in, if we clash with red folder news we might get a shift out lower so just keep in mind!
As we start this week iam looking for a test of our swing high to take the liquid then to shift lower into our POI.
Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan.
We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
GBP Weekly BiasAfter the Big Drop and Breaking the Range to the downside, We managed to Reclaim the range once again.
GBP met the mid range and struggled to move higher.
After mid range resistance and as you see with the help of the small swings we have market structure shift to the downside.
I expect more downside until we meet a reasonable support near the range low again, so we can keep the upside move towards the range high.
I will Consider Every Short Time Frame Breaks to upside as Fake and every Breaks to Downside as Legit with Reasonable Stop Loss and wide TP.
GOLD UPDATE, Resistance Confirmed, Setting Up For Another Leg!Hello Traders Investors And Community, welcome to this update-analysis where we are looking at GOLD 1-hour timeframe perspective, the recent events, the current structural importances, what to expect next times, what to not expect and how to handle the situation appropriately. A mentioned in previous analysis and expected GOLD confirmed its huge resistance between the 2010 and 2030 level bearish where it now showed an increased volatile bearish move to the downside confirming the bear-flag-formation it has formed, if you did not saw this analysis already I highly recommend you watch it when going to my account, for now, GOLD is still moving above the 1000-EMA, therefore, it is important if it holds this level where the possibility is quite marginal or it falls below and continues bearish to the downside which is a much more likely scenario currently, in this case, I detected the important levels to consider now.
Looking at my chart you can watch there the confirmed bear-flag-formation together with the coherent wave-count overall confirming the bearish pace here, currently GOLD has found some marginal support at 1915 where it bounces a little but this bounce is not strong and is directly trading into resistance which is the 200-EMA marked in red in my chart, when GOLD approaches this EMA it has a high possibility to confirm bearish and bounce from this level, GOLD is not yet over with its bearish declines therefore we can expect a consolidation here in the range between the 200-EMA and 1000-EMA before forming another sudden leg to the downside which is the most possible scenario at the moment, currently, there is not much potential given for new highs the next times as strong resistance levels lying there and the established bearishness should not be ignored, possible entries can be after a bounce from 200-EMA or fall below 1000-EMA.
In this manner, thank you for watching, support for more market insight, all the best!
Information provided is only educational and should not be used to take action in the market.
✅SILVER WAIT FOR THE BREAKOUT|SHORT🔥
✅SILVER is trading in a
Downtrend and it has
Formed a parallel range
Where It consolidated
For a while but is now
Trying to make a bearish
Breakout and IF it happens
Then we can go short
On Silver with the target
Being the demand level
Below at around 22.5$
SHORT🔥
✅Like and subscribe to never miss a new idea!✅
IPDA Ranges to Cast Future Price Movement for ES Familiarizing ourselves more on IPDA Ranges to help form daily bias and to work on high time frame analysis. The first idea we ever published was actually a very similar thought but now that we have a better understanding of how to use IPDA ranges we wanted to post what we hope to be a more accurate version of what is to occur in CME_MINI:ES1! price action.
We are trading down off of a weekly order block that was traded into on July 18th; we have taken out the July 10th low of 4660.25 and we have failed to make a higher swing above 4683.50. It seems like the market has shifted to bearish conditions for the intermediate term. Using the look back and cast forward train of thinking, we have been trading higher for the 60 trading days prior to August 1st which is just 3 trading days after making our current intermediate high; meaning our cast forward should have plenty of sell side liquidity to draw to in order to clear out stops below our 20-40-60 day ranges.
It just so happens that we have a +Breaker Block that contains a Fair Value Gap/Liquidity Void inside of it. This gives us a lot of confidence in our bearish outlook as the 60 day low is quite literally is the top of our Liquidity Void and also falls into a zone for Optimal Trade Entry (OTE).
The only major bounce we should see is off of the March 13th Premium/Discount range as the Equilibrium for that range falls right in a Liquidity Void. The only thing that will push us through that with ease is some red folder news. Should be a piece of cake..
We are proud to put ourselves out there with ideas. It forces us to use logic and apply concepts and ideals that we have learned. Any questions or comments leave them below!
CME_MINI:ES1! EIGHTCAP:SPX500 CBOE:SPX TVC:SPX BLACKBULL:SPX500 SKILLING:SPX500
Bitcoin Price Must Absorb 26,500Traders,
Until BTC absorbs the 26,500 price level, another retest of 25,200 is likely and the bears remain in control. If the price of 26,500 is absorbed and exceeded, we can then think about 30-31.6k again. If our support of 25.2k is broken, we can then think about 20k. In between 25.2 and 26.5, we simply remain in limbo with bias slightly bending towards the downside.
Stew
Capitalizing on Bearish Breakout: Ideal Selling Opportunity 📉🐻We've got an enticing EUR/USD setup on the 1-hour timeframe that deserves your attention. Here's the lowdown:
📌 Technical Analysis Highlights 📌
📉 Bearish Breakout: After a period of range-bound trading (or a bearish flag, depending on your perspective), the price has decisively broken below a key support level, which has now flipped into a formidable resistance. This signals that bulls have been trapped, allowing the bears to regain control. The trend remains bearish
📈 Price Action Insight: With the balance tipping in favor of bears, I anticipate an escalation in bearish momentum, potentially leading to a sharp price drop. This presents an optimal entry opportunity for selling.
🎯 Trade Strategy 🎯
Given these compelling technical signals, it's time to consider a short position on EUR/USD. Look to enter the market with confidence.
📉 Take Profit Targets 📉
1️⃣ First Target: 1.06650
2️⃣ Second Target: 1.06250
3️⃣ Ultimate Target: 1.05900
Feel free to share your toughts in the comments section, follow me for updates and don't forget to press the like button if this insight was helpful 🌊🚀
BTC BEAR TRAP : Trend Reversals 📈📉
Greetings, fellow traders! Today, let's explore a fascinating aspect of market dynamics – the concept that markets often change their trend direction when most participants least expect it. We'll dive into how we might currently be in a bear trap and what it could mean for a potential upswing.
📈 The Art of Contrarian Thinking: Market trends are tricky creatures. They often lure traders into thinking the current trend will continue indefinitely. However, seasoned investors understand that when everyone is convinced of a particular trend (bullish or bearish), the market may surprise with a reversal.
🐻 The Bear Trap: A bear trap is a situation where the market appears to be in a strong downtrend, leading traders to sell or short assets. However, this could be a cunning trick, as the market may reverse course, catching those overly bearish traders off guard.
📈 Signs of a Reversal: While we can't predict market movements with certainty, recognizing signs of a potential trend reversal is essential. This might include technical indicators, fundamental shifts, or sentiment changes.
🚀 The Anticipation of Growth: If we're currently in a bear trap, it suggests that the market sentiment is overly pessimistic. This can set the stage for a potential upswing when the market decides to confound the majority.
💡 Key Takeaway: The market has a way of playing tricks on participants. It's a reminder to remain adaptable in your trading strategy, ready to pivot when the unexpected happens.
🔮 The Future Unveiled: While recognizing a bear trap is insightful, always combine this with thorough analysis and risk management before making trading decisions.
In conclusion, market trends can be both persistent and deceptive. Understanding that trend reversals can happen when they're least expected empowers traders to navigate the markets with greater flexibility.
Stay vigilant, stay open-minded, and remember – in the world of trading, being prepared for the unexpected is often the key to success! 🧐🚀
❗See related ideas below❗
Follow + Like this post and share your insights in the comments; your engagement fuels the creation of valuable content! 💚💚💚
TRXETH: Potential Partial Decline of an Accumulation RangeTron's Ethereum trading pair has been trading at lows within the bounds of this range since near the end of 2020, and now as price approaches the end of 2023, We can see that it is attempting a Partial Decline, which can only be considered a confirmed Partial Decline once and if price hits the top of the range again from here rather than first making a full retrace to the bottom. The addition of a Partial Decline would then bring the Bullish breakout chance all the way up to 80%.
If it breaks out I'd suspect that it would go for the 61.8% Retrace first then jump to the 088.6% Retrace second.
EURNZD 3/9/23Honestly a very clean sell side swing from EURNZD so looking forward to this possibly giving us a tap in, now mainly iam looking for a bullish run early on this week which could be given to us by the C-swing at our SWL base, its given us very clean POIs to work with along with heavy amounts of liquid to serve up for seller and buyer!
Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan.
We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
Dow Kill zonesPlease enjoy my indicator
I made its a kill zone indicator but you trade between the zones
. The indicator directions explains it all.
Deluxo Capital
NFT/USDT 1D. Secondary trend. Wedge. APENFT. Justin Sun.NFT/USDT 1D. Secondary trend chart.
In the secondary trend we can observe the falling wedge forming.
In this wedge we've seen couple local downtrends forming, which are shown on the chart here.
Another such local downtrendline(red on chart) has been formed on broken above. As for now the price is in the consolidation and is moving in the small range between the levels 0.0...31 and 0.0000..88.
There's potential double bottom forming. The base of it is 14%(balance).
Notice that this is TRX's groups of tokens. I.e. Justin Sun's one. This coins like to sometimes move against the market.
The potentials above and below are shown on the chart.
It's quite likely we ain't gonna see really big move quite soon. Only local movements probably, but when the time comes it can move pretty huge.
Also notice that as the price drops(if it happens) - the targets are also obviously moving with the price. But with the time goes by, i think that in a half year - year there's a big probability of this falling wedge targets working out.
Notice also that there's some insignificant volume increase recently.
07/08/23 Weekly outlookLast weeks high: $30039.5
Last weeks low: $29299.0
Midpoint: $28558.5
Historically, August has not been a very bullish month for bitcoin and crypto as a whole. Other than 2013, 2017 & 2021 (Bull market years) August has had negative ROI.
The pattern shows that since 2013, every 4 years bitcoin has a positive monthly return coinciding with a bull market rally. If we were to apply this pattern to future returns, 2025 should have green August thanks to a bull market.
We already know that the halving is taking place somewhere in Q2 of 2024, the US election in Q4 2024 along with potential BTC ETF's from Blackrock becoming closer and closer to reality. 2025 Could be a very strong year for the crypto market as a whole.
In the short term, the way price has been behaving in recent weeks I would struggle to see why this August will be any different. For many weeks now I have believed that the target of 26.5K is in reach for the bears, approximately -9% from current price and when not including bull market years the average % return for the month is -9.8%. 2018's august returned -9.27%.
14/08/23 Weekly outlookLast weeks high: $30265.2
Last weeks low: $29472.7
Midpoint: $28680.1
BTC continues to trade a very tight range as it has for many weeks now. 30k continues to be the resistance area, the previous weeks midpoint is the local resistance as its been tested for the last few days and cannot reclaim above. As usual that midpoint from the previous week is important to the direction of this week.
We've had some talk about ETF's recently, the former SEC chief has said the SEC will not approve a spot Bitcoin ETF. Personally I believe the SEC will not want to approve an ETF, however eventually I think players like Blackrock will get what they want, they always do and I wouldn't be surprised if it miraculously gets approved around the halving event, and you can be sure Blackrock and the other big players like Valkyrie would have already bought a large chunk of BTC before the supply halves at much lower prices.
Really that's what every trader/investor is waiting for because at the current moment there really isn't a lot of money/volume at all in the market. The start of this half of the year is evidence enough for that. Reserving capital for the big moves that come later down the line is essential and avoiding being chopped up by the market is a big priority.
EURNZD 13/8/23EN giving us an untradeable range here for a bullish move higher, not for what we have we will simply wait for a break as our overall bias is unclear, we did have a signal on Friday for possible downside so we will keep this in mind coming into this week, if our London open gives us a sort bias again we will look to follow that for our first entry of the week. until then we need a clear break out of our range.
Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan.
We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
How to trade Fake Breakouts in the range Range trading, characterized by price oscillations within defined support and resistance levels, offers traders a structured approach in sideways markets. However, even within these stable waves, deceptive price movements known as fake breakouts can occur. These false signals can lead traders astray if not properly recognized and managed. In this article, we'll delve into the world of fake breakouts within range trading, equipping you with strategies to identify and navigate these misleading market dynamics.
Understanding Fake Breakouts:
A fake breakout occurs when price seemingly breaches a support or resistance level but quickly reverses back into the established range. These deceptive moves often trigger stop-loss orders and entice traders into taking positions in the direction of the apparent breakout, only to experience a sudden reversal against their trades. Fake breakouts are fueled by market manipulation, emotional trading, or sudden news events.
Here are few examples of fake breakouts in big Time-frames :
Often, this is not enough for entering a position.
Combine this with divergences on RSI or other factors for entry.
Key Characteristics of Fake Breakouts:
Swift Reversal: A true breakout sustains its direction, while a fake breakout swiftly reverses back into the range.
High Volatility: Fake breakouts often coincide with spikes in volatility due to market confusion and emotional reactions.
Trapped Traders: Traders who entered positions based on the fake breakout are "trapped" when the market reverses, leading to potential losses.
Navigating Fake Breakouts:
Confirmation Through Candlesticks: Wait for candlestick confirmation beyond the breakout level. A close above resistance or below support lends greater credibility to the breakout.
Increased Volume: Look for a surge in trading volume accompanying the breakout, indicating genuine market participation.
Use of Indicators: Rely on technical indicators like the Relative Strength Index (RSI) or Moving Average Convergence Divergence (MACD) to validate breakout momentum.
Strategies for Trading Fake Breakouts:
False Breakout Reversal: Enter positions in the opposite direction of the fake breakout when price returns to the range, targeting a retracement towards the opposite boundary.
Wait-and-Watch Approach: Allow the breakout to develop and wait for confirmation before entering a trade, avoiding pre-mature positions.
Risk Management When Dealing with Fake Breakouts:
Tight Stop-Loss: Set a tight stop-loss order beyond the breakout point to limit potential losses if the breakout reverses.
Position Sizing: Allocate a smaller portion of your capital to trades involving potential fake breakouts due to the increased risk.
Pros and Cons of Trading Fake Breakouts:
👍 Pros:
Opportunities in Deception: Skilled traders can capitalize on market deception by trading against fake breakouts.
Enhanced Risk Management: Proper identification of fake breakouts allows traders to minimize losses through tight stop-loss orders.
👎 Cons:
Increased Complexity: Identifying fake breakouts requires additional analysis and indicators.
Risk of Mistakes: Mistaking a genuine breakout for a fake one or vice versa can lead to missed opportunities or losses.
29.5K PIVOT POINT After many days of sideways choppiness between 29 & 29.5K. The pattern was broke sending us into that FVG I have mentioned in previous posts with a target of 26.5K. However, having dropped down to 28.5k and back up to 30k in 11 hours some volatility has been reintroduced into the market in the short term.
I have mapped out a mini range that I am observing, the 29.5K pivot is still the controlling factor in my mind. Now that price has deviated above and is now back in range printing a SFP, in addition to a bullish orderblock that is providing a reaction as the time of writing this post. I still think we have some downside to come should this reaction now clear the pivot point of 29.5K
Because of this, I am still confident that reaching the 26.5k target is possible. Regaining 29.5k confidently and proof that it is now support would make me reconsider this strategy.