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GOLD (XAUUSD): Your Trading Plan For Next Week Explained This Friday, Gold turned very bullish and reached a strong daily resistance. The underlined red resistance is the upper boundary of a narrow horizontal trading range on a daily. Next week, look for a breakout of the resistance of the range. A daily candle close above 2342 will be our strong bullish confirmation. A bullish continuation will most likely follow then. Next resistance will be 2736 ❤️Please, support my work with like, thank you!❤️
FOREXCOM:XAUUSDLong
by VasilyTrader
1
GOLD (XAUUSD): Main Focus is ... As I predicted yesterday, we got a nice intraday bearish movement on Gold. Analyzing the price action on a daily time frame today, I spotted that the market is currently consolidating. We can see a narrow horizontal trading range. Those who are looking to buy the market should wait for a breakout of the resistance of the range. A daily candle close above 2342 will be our strong bullish confirmation. A bullish continuation will most likely follow then. Next resistance will be 2736 ❤️Please, support my work with like, thank you!❤️
FOREXCOM:XAUUSDLong
by VasilyTrader
2
VBL - 4 months RECTANGLE══════════════════════════════ Since 2014, my markets approach is to spot trading opportunities based solely on the development of CLASSICAL CHART PATTERNS 🤝Let’s learn and grow together 🤝 ══════════════════════════════ Hello Traders ✌ After a careful consideration I came to the conclusion that: - it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment; - since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant; - the information that I think is important is very simple and can easily be understood just by looking at charts; For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart. Thank you all for your support 🔎🔎🔎 ALWAYS REMEMBER "A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist" ═════════════════════════════ ⚠ DISCLAIMER ⚠ The content is The Art Of Charting's personal opinion and it is posted purely for educational purpose and therefore it must not be taken as a direct or indirect investing recommendations or advices. Any action taken upon these information is at your own risk.
NSE:VBLLong
by TheArtOfCharting
AUDCAD: Important Bullish BreakoutThe AUDCAD is currently in a robust uptrend on a daily basis. For the past few weeks, the pair has been trading within a sideways range on a 4-hour chart. Following the yesterday's US fundamentals, the price broke above the range's resistance, showcasing the dominance of buyers and suggesting a likely continuation of the bullish momentum. The next level of resistance to watch is at 0.9203.a highly probable bullish continuation. Next resistance - 0.9203
Long
by linofx1
NASDAQ INDEX (US100): Potential Scenarios Ahead of FOMC NASDAQ Index is currently consolidating within a horizontal range. Most likely, the market participants are waiting for the FOMC tomorrow. Depending on the reaction of the market to the boundaries of the range, I see 2 potential scenarios. Bullish Scenario If the market breaks and closes above 19115 the resistance of the range, with a high probability, a bullish rally will continue. Bearish Scenario If the Index breaks and closes below 18880 the support of the range, it may initiate a correctional movement. I think that US100 may keep being weak before the news release. Let's see what direction the market will choose tomorrow. ❤️Please, support my work with like, thank you!❤️
CAPITALCOM:US100Long
by VasilyTrader
1
AVGO - 3 months RECTANGLE══════════════════════════════ Since 2014, my markets approach is to spot trading opportunities based solely on the development of CLASSICAL CHART PATTERNS 🤝Let’s learn and grow together 🤝 ══════════════════════════════ Hello Traders ✌ After a careful consideration I came to the conclusion that: - it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment; - since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant; - the information that I think is important is very simple and can easily be understood just by looking at charts; For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart. Thank you all for your support 🔎🔎🔎 ALWAYS REMEMBER "A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist" ═════════════════════════════ ⚠ DISCLAIMER ⚠ The content is The Art Of Charting's personal opinion and it is posted purely for educational purpose and therefore it must not be taken as a direct or indirect investing recommendations or advices. Any action taken upon these information is at your own risk.
NASDAQ:AVGOLong
by TheArtOfCharting
1
ICP Desc. Triangle Breakout + Rectangle, Targets $16.3 and $20BITGET:ICPUSDT broke out of its descending triangle and has successfully retested the resistance. The triangle target is $20 🎯 Not the cleanest breakout, and lacking volume. Also, a case could be made for a rectangle pattern with a $14 resistance, so the safe play would be to wait for a daily close above that level. The rectangle offers a second target: $16.3 🎯 This is also a previous resistance and could offer a good area to secure some profits. Not Financial Advice
Long
by AliferCrypto
CADCHF: Accumulation & Indecision 🇨🇦🇨🇭 CADCHF is stuck between 2 key horizontal structures. The price formed a narrow range where trading volumes are currently accumulating. Depending on the reaction of the price to the boundaries of the range, I see 2 potential scenarios. If the price breaks and closes above 0.6532 the resistance of the range, it will be the important sign of strength of the buyers and with a high probability growth will continue. Next goal will be 0.657 If the price breaks and closes below 0.659 - the support of the range, a further decline will be expected, at least to 0.647. Wait for a breakout, it will give you an accurate and reliable confirmation. ❤️Please, support my work with like, thank you!❤️
Long
by VasilyTrader
1
Arbitrum Rectangle + Elliott Wave: Targets $1.6 or $1.93TL;DR Potential local bottom at $1.07, potential targets at $1.6 and $1.93 Arbitrum is still trading in its rectangle. After a recent rejection from the resistance, today it retested $1.07. If it holds, it would mark a perfect Wave 2 end (61.8% of Wave 1). In turn, according to Elliott wave theory, this would set the Wave 3 target to $1.6 or $1.93. 🎯 $1.6 is also the rectangle breakout target, and a High Volume Node (HVN), so lots of confluence there. I see two potential strategies for a long entry: The safe play would be to wait for a daily close above the resistance trendline, targeting W3 targets 1 and 2. The higher risk/reward play would be entering now, with a somewhat tight SL below $1.07, targeting the rectangle resistance first, then W3 targets 1 and 2. In both cases, watch the $1.45 area because it is a previous support and HVN. ➡️Not Financial Advice⬅️
Long
by AliferCrypto
5