Polkadot - key levels - investmentI think $4.585 is a perfect long-term buy zone. Dot has a monthly rangetrend that supports the upward move and some levels.
1st target - would be in the area of monthly resistance at the price of $7.42 - almost 60% profit.
2nd target - would be in the area of weekly resistance at the price of $8.54 - almost 85% profit.
If the Polkadot price never reaches this weekly support, you can buy at $5.55 for 30-40% of your budget, and if the price drops to $4.585 , you can buy the rest.
Sellzone
Tricky Times, I'm Counter-Trend Now!💲 Despite my Dollar Bias, all eyes are on US Secretary Treasure, Ms. Janet Yellen's upcoming speech in Bloomberg. Analyzing her insights could confirm the dollar's bullishness for the year ahead.
📈 On the Daily Chart (right), there's an outside bar on the support line. Patient traders await one more day's candlestick before deciding their next move.
📉 If you're determined to short USDJPY, keep an eye on the 1-hourly chart (left) at 138.89, as long as the market stays within the sell zone. It's worth considering.
📈 On the other hand, if you're bullish, pay attention to the key level at 138.21 for a potential head and shoulders pattern, indicating a buying opportunity.
⚖️ If you're torn between shorting and buying, observe how the market behaves at 138.21. A violation confirms your short, while no violation means a tough decision awaits.
GBPJPY H8 - Short SignalGBPJPY H8
We really did call an amazing top, I wonder if anyone is still holding swing shorts on this one? Expecting this YEN rally to continue pulling GBPJPY downside to around 180.00, being a psychological price, we should expect a bounce.
Possible counter trend trade could be taking long from this 180.000 handle, but again, with US CPI. This could be volatile. Let's see what unfolds.
Counter-Trend on USDJPY📉 This week, I'm keeping a keen eye on a counter-trend trading opportunity for USDJPY. I'm patiently waiting for a potential shorting opportunity at the Key Resistance Level of 142.96.
⚠️ However, it's important to note that despite this shorting opportunity, my overall bias remains bullish on the US Dollar. This week appears to be a retracement week in the market.
Stay tuned as we navigate through market movements and identify potential trading setups. Let's make the most of this retracement period! 💪💼
#USDJPY #CounterTrendTrading #ShortingOpportunity #RetracementWeek #StayTuned
GBPUSD JULY MONTHLY STRUCTURE OHLC [SELL SETUP]🔻🔻🔻🔻GBPUSD JULY
MONTHLY STRUCTURE
OHLC
🔻🔻🔻🔻
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The monthly structure of GBPUSD for the month of July indicates a SELL SETUP based on the OHLC (Open, High, Low, Close) pattern. When considering this trade, there are three crucial factors to examine: Divergence, Market structure, and TDI Cross .
A significant observation is the bearish divergence in price, which has occurred from the high point reached on June 16th to the current market price. This divergence signifies a clear instance of market manipulation. Furthermore, in the daily timeframe, the price opened at a high level and is currently being rejected at the resistance level of 1.28496. Consequently, an optimal region to initiate sell positions would be below 1.28092.
Upon the TDI (Traders Dynamic Index) crossing in the Daily timeframe, my primary target area will be at 1.27142 , followed by the second target at the daily open of 1.26951 . The third take profit (TP) level will be set at the previous month's open of 1.25235 . Finally, the ultimate target will be the yearly open at 1.23448 . It is noteworthy that the GBPUSD exhibits a sell setup, and even the yearly structure supports this notion. Further details and confirmation on this can be found in the link that I will share in my upcoming post.
Target 1- 1.27142
Target 2 - 1.26951
Target 3 - 1.25235
Target 4 - 1.23448
It is crucial to exercise patience and await the TDI cross before taking any action.
Trade with Caution. Wait for valid entries.
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P A T I E N C E + D I S C I P L I N E
NQ Power Range Report with FIB Ext - 6/23/2023 SessionCME_MINI:NQU2023
- PR High: 15236.50
- PR Low: 15225.50
- NZ Spread: 24.5
Economic Events:
09:45 – Services PMI
Strong supply run prev session.
- strong inventory run through Asian hrs
- retraced about 1/3 of prev range
- 1st hr opened with small range
- inventory already dropped to bear zone moon
Evening Stats (As of 2:45 AM)
- Weekend Gap: N/A
- Session Open ATR: 232.31
- Volume: 35K
- Open Int: 250K
- Trend Grade: Neutral
- From ATH: -9.7% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 15533
- Mid: 15247
- Short: 14675
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
Short while we have some money to CollectExecution after analysis should be pretty self explanatory after taking a quick glimpse at this chart. Our usual play here is coming into formation. If we have enough volume during this upcoming London Session OR Wednesday morning New York open. On a price action trading standpoint we should typically see a heavy movement after consolidation. Price may in fact keep this downtrend going for a little while longer...but we have our zones of contentions in place. If we have a push to the downside we can keep watching to see if momentum will keep price going, with enough volume it could break out zones and breakout.
Looking to enter when price hits 1929.00 taking profit 1927.00.
EURUSD SELLS INCOMINGSticking to the basics of trading:
The market stalled making a resistance zone for the buyers. Thus showing early selling pressure.
The next area the market can possibly bounce from is at the 0.08500 mark. This mark would be a good area for buys continue the higher timeframe trend.
For anyone going into the london session can use the 4H timeframe to see that price has potential to retest this level and carry more volume to the downside.
However, BIG Reminder!
The market can do what it wants, so beware that buys are still in play as the overall defining trend is FX:EURUSD bullish for the buyers.
This is another quick scalplooking to get in during our London session open momentum, rejection zones at 1960.44. Looking to get in on momentum break from rejection a fee pips down. Entry looks to be safer at 1959.74, aiming for a 2 Dollar move to the downside. If rejection hold we wait for our upper channel to break resistance at 1974.69. We look to aim down entering at 1959.74 exiting at 1956.74
Looking for Sells at 1956.21We're looking for a $2 move after the rejection price of gold has been breached at 1956.91. Resistance is holding up strong as price pivoted from that area at 05/19/23. There is a lot of news for the Euro today coming out that is driving the price down with the mixed volume of London session we see a possibility of price having enough volume/momentum to cause price to reduce even further. I am looking for sells only on the break of rejection.
Sells under 1956.21
Target 1954.21
EUR/USD: 16/05. Downtrend, ready sell?OANDA:EURUSD EUR/USD probes the boundaries of the 1.0910 barrier amid further downside correction in greenback and general improvement in sentiment around risk-related universe.
Indeed, the pair picked up pace and further extended the rally from recent lows near 1.0855 despite sharp declines in US and German yields so far, while expectations of a temporary respite. stop the Fed normalization in June and raise interest rates further in June ECB for the next few months trending up.
EUR/USD extends weekly rally and adds to Monday's promising price action, always with an immediate target of 1.0910.
So far, the pair is up 0.17% at 1.0890 and a break through 1.1090 (weekly high April 26, 2023) will target 1.1110 (rounded high) on way to 1.1185 (weekly high March 21, 2022). Conversely, the next level of contention emerges at 1.0845 (monthly low May 15), followed by 1.0830 (monthly low April 10) and finally 1.0805 (100-day SMA).
SELL EUR/USD zone 1.08950 - 1.09200
Stoploss 1.09500
Take Profit 1: 1.08500
Take Profit 2: 1.08000
GOLD: What is the price of gold tomorrow?TVC:GOLD Gold prices remain low around $2,000 as it searches for fresh clues to extending its three-week downtrend, especially after posting its first weekly loss in three weeks. In doing so, the yellow metal portrays market anxiety amid concerns about the US debt ceiling, as well as banking concerns. However, the unclear calendar and mixed updates from the Federal Reserve (Fed), as well as US government officials, have pushed XAU/USD lower ahead of important events/data of this week.
Gold price depicts a bearish triangle formation on the Daily chart, currently between $2,030 and $2000. That said, bearish signals from the Moving Average Convergence and Divergence (MACD) indicator, as well as the steady Relative Strength Index (RSI), set at 14, also give see the next downtrend in XAU/USD.
However, a clear break of the 2000$ support becomes necessary for Gold to move towards its theoretical target of around 1,900$.
Canh SELL GOLD vùng giá 2022-2025
Stoploss: 2030
Take profit 1: 2017
Take profit 2: 2012
Take profit 3: 2006
GOLD 12/5: Keep watching SELL to the price area around 2000Gold prices remained pressured on Thursday for the second straight day despite a weaker US economy. The reason may be related to the market rushing into the US Dollar amid concerns about the expiration of the US debt ceiling and the collapse of the banking system.
The news becomes even more important and negatively impacts risk appetite as the US Treasury has signaled the possibility that the Federal Government could default on its debt as soon as June 1 unless the debt ceiling is raised.
Gold prices confirmed the pennant break on Thursday, indicating a bearish bias in the metal. The metal's downtrend break also justifies the upbeat signals from the Moving Averages Convergence and Divergence (MACD) indicator, as well as the steady Relative Strength Index (RSI) line, is set at 14. TVC:GOLD
SELL GOLD zone 2020 - 2023
Stoploss: 2027
Take profit 1: 2015
Take profit 2: 2010
Take profit 3: 2005
BUY GOLD zone 2005 - 2000
Stoploss: 1995
Take profit 1: 2015
Take profit 2: 2030
Take profit 3: 2040
USD/JPY: 12/05. Bear attack, ENTRY SELLUSD/JPY hovers around 134.780 early Friday as it struggles to defend the previous day's bounce from a one-week low.
The recent escalation of market concerns around the expiration of the US debt ceiling and the collapse of the bank, seems to allow the US Dollar to prepare for its first weekly gain in three weeks while pushing US Treasury yields fell for the third straight week. Given this, USD/JPY's hesitation seems justified amid a mild calendar at home. OANDA:USDJPY
Huge Risk to Reward Trade opportunity on GBP/USDGBP/USD approaching a strong resistance area and descending trendline resistance.
I am also expecting a Risk off mood next week which will boost the Dollor.
Big opportunity for a strong short opportunity.
1:5 Risk to reward
Trade with caution and always remember to manage your risk.
Patience Pays!