A sell on CADCHF at the highH4: Pointing Upwards (H1 is overbought)
D1: Up (H4 is overbought)
Moving Average:
Against Daily MA
H4 pointing upwards
Pattern:
M30 AB=CD
Strong resistance at 0.6490 - 0.6510
30 pip stop loss.
60 pip target
Why are we taking this?
1) H4 and H1 is overbought
2) Strong structure
3) Yesterday's high
4) Lots of divergence
Resistance_level
Gold - Prepare For The BreakoutHello Traders, welcome to today's analysis of Gold.
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Explanation of my video analysis:
In 2007 Gold started creating a major bullish trendline and just recently retested in in September of 2022. Furthermore Gold has been trying to break above the $2060 resistance area for quite some time now. Eventually I do expect a breakout but we could see another rejection down to the trendline mentioned in the analysis where I will be looking for more long setups.
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I will only take a trade if all the rules of my strategy are satisfied.
Let me know in the comment section below if you have any questions.
Keep your long term vision.
USDCADIs USDCAD exhausting at resistance zone?
As the price is been on high bull run but now it seems like price is lacking bullish momentum after printing double top pattern at resistance level and bearish divergence( on lower time frame) suggesting the sell pressure is about to start.
If the bears took control , the 1st target could be 1.3350.
What you guys think of it?
Nvidia - How Long Will It LastHello Traders, welcome to today's analysis of Nvidia.
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Explanation of my video analysis:
All the way back in February of 2014 we saw a breakout of a long term symmetrical triangle on Nvidia. This breakout was followed by an insane +9.500% rally towards the upside. Right now Nvidia is trading in a solid ascending channel and is approaching the upper resistance trendline. I do expect a (short term) pullback from there to retest the support mentioned in the analysis.
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I will only take a trade if all the rules of my strategy are satisfied.
Let me know in the comment section below if you have any questions.
Keep your long term vision.
EURUSD ANALYSIS: Long or Short?Hello Traders,
Allow me to share my thoughts on the current EURUSD Pair.
The current analysis of EURUSD reveals a complex price action, presenting challenges in determining a clear market position. On one hand, I could see an emerging/potential head and shoulders pattern, indicative of a possible bearish movement. This potential bearish bias is supported by a resistance zone that has consistently rejected price in recent times.
On the other hand, the 800EMA has acted as a dynamic support by rejecting the price to the upside three times.
Given these conflicting signs, it's essential to closely monitor price actions.
I'm anticipating two scenarios:
1. A breakout below the fully formed head and shoulders pattern's neckline at 1.09026. This would trigger a sell position, with a target set at 1.07402.
2. A breakout above the resistance zone at 1.10071. This would trigger a buy position, with targets set at 1.11080 and 1.12300 respectively.
At moment I will be a spectator.
Cheers, and happy trading.
BTC.D 1DIntervalHello everyone, I invite you to check the situation of BTC's capital domination over the rest of the market. We will start by identifying the downtrend channel where we can see that the chart is moving.
Looking at the current growth, it is worth spreading the trend based fib extension grid, thanks to which we can determine significant resistance at the level of 53%, and further significant resistance at the level of 54.47%.
It is worth looking at the EMA Cross 10 and 30 indicator here, because you can see on the chart how the red line 10 is approaching the intersection of the green line 30 from below, which may give an impulse for another increase and taking capital from the market.
Looking the other way, we can designate supports in a similar way. And here you can see how strong support at the level of 51% maintained the decline, but it is still worth keeping in mind the level of 50.19%.
When we look at the RSI indicator, we will see that we are staying below the downward trend line, with some room left. However, the STOCH indicator remains above the upper limit, which should lead to a change in the trend and the transfer of capital to the rest of the market.
GOLD|Weekly roadmap and important areasHello guys, I hope you are doing well
Let's review what happened last week
You can see the gold chart in 1 hour.
As we expected, the resistance zone prevented the growth of the gold price.
We have a support level, we have to wait for this level to be broken, if we had a close candle below this level, we can enter sell positions in reversals.
There is a possibility that the demand zone (2004-2008) will be tested again.
In general, selling pressure is more on gold.
Look for more sales positions.
Important areas are drawn on the chart.
Look for confirmation to enter trading positions by using candlestick patterns and trend breakouts.
I mentioned the types of candlestick patterns in the previous post, be sure to read them. In this way we work, smart money, candlestick patterns are one of the trading tools.
There is a lot of strong news in the coming week, starting from the FOMC, FEC speech, which will obviously discuss the further situation with inflation and interest rate, and NonFarm Payrolls on Friday. This period is expected to be quite volatile, but only in its second half.
Pic:1h time frame important areas
support level:(2014)-(2004-2008)-(1992-1998)
resistance level:(2023-2025)-(2031-2036)
USDCHF (H4) Reacts negatively to the 0.618 Fibonacci zoneOANDA:USDCHF USDCHF (H4) Reacts negatively to the 0.618 Fibonacci zone of the previous down wave. With a bearish red candle, we can execute the order:
Sell now at 0.86692
SL at 0.86866
TP1 at 0.86541
TP2 at 0.86364
TP3 at 0.86120
Note: capital management 2%
Bitcoin(BTC): Last Week Was Hella Fun = DUMPED!We had some major grabs here last week of $45K and $48K. As we already mentioned in our early TA's, we are looking for some liquidity movement of "short squeeze" to happen towards those zones where we got.
Upon the "major news" that all people waited for, prices dumped back to as low as FWB:42K , where the weekly candle had almost no bearish wick on the lower side, which showed the dominance of sellers.
With that being said, as of now, our game plan is working out nicely, and we are seeing more and more probabilities of a $34K zone being reached before Halving for sure!!
Our short position is still open with 10x leverage and is currently at 74% ROI
EURAUDIs EURAUD exhausting at resistance zone?
As the price is been on high bull run but now it seems like price is lacking bullish momentum after printing double top pattern at resistance level and bearish divergence( on lower time frame) suggesting the sell pressure is about to start.
If the bears took control , the 1st target could be 1.6400.
What you guys think of it?
XAUUSD|Trading positions in multi-time framesHello guys, I hope you are doing well. We have the gold chart in 1 hour time frame:
For gold, if you remember, we had an bullish order block area, which moved up well upon reaching this area, and it has also started to move up in the return to the candlestick that was formed in one hour and the demand area was formed.
The point that is important in the one-hour timeframe is the level (2030), which is a resistance on the way of gold.
But if we have a close candle above this level, we can hope for its upward trend until the next supply area, which is around (2038-2041).
In the time frame of 15 minutes, we have the refined area of that one-hour supply area, which we can enter selling positions when the price reaches this area.
In the 4-hour time frame, we had a support, and when we reached it, we moved upwards. As long as it is maintained, gold can achieve higher targets, but if this area is broken down, the numbers that can be expected are the supply areas (2005 -2008) and the next area (1990-1995).
GBPNZDIs GBPNZD exhausting at resistance zone?
As the price is been on high bull run but now it seems like price is lacking bullish momentum after printing double top pattern at resistance level and bearish divergence( on lower time frame) suggesting the sell pressure is about to start.
If the bears took control , the 1st target could be 2.0300.
What you guys think of it?
USDJPYIs USDJPY exhausting at strong resistance level?
As the price is been on high bull run but now it seems like price is lacking bullish momentum after reaching at resistance level and bearish divergence suggesting the sell pressure is about to start.
If the bears took control , the 1st target could be 143 followed by 140.
What you guys think of it?
EUR/AUD ↘️ Short Trade Setup ↘️Hello Everyone.
Resistance level
💲 Entry Point : 1.64310
🟢 TP 1.62435 🔴 SL 1.65190
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Disclaimer
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Trading is risky we all take loses
your responsibility is to not take more than 1% to 2% loss per trade and double your profits.