BTC - Technicall PossibilitiesWe have 2Scenario for short period of time.
BTC price had corrections from 72k. We are in a range between 73k to 57k for more than 3month. We can have Short Position till 60-58K. BTC Long term period still bullish. But corrections may take more time. ✅ 📈
By the way there's a chance for Long and short positions on this descending channel. Also this channel look like Falling wedge pattern on lower frame time. So you can take short if fail to break trendline. If it doesn't fail you can take long position on pullback to the break point.
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Shortsetup
Platinum: Destination Reached Platinum has reached our beige Target Zone between $995.40 and $1026. Within this range, the price should place the high of beige wave (4) and enter a larger sell-off. If, on the other hand, there is a direct break of the resistance at $1105 (28% likely), we will still see the price in the green wave alt.X.
AUDUSD RESITANCE BOUNCEPair: AUDUSD
Timeframe: 1H
Analysis: Trend line, volume profile , support and resistance, trend break, reversal
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Key Takeaway: Seen a great bearish reaction from our dynamic resistance and trend line. Will wait for a good drastic bearish reaction from this level before entering short.
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Level needed: need a close bellow 0.66660
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Trade: SHORT
RISK:REWARD 1:8
SL: 0.66770
TP: 1.66194
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DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
GBPCAD TREND LINE BREAKOUT IDEAPair: GBPCAD
Timeframe: 4H
Analysis: Trend line, volume profile , support and resistance, trend break, reversal
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Key Takeaway: Been trending bullish for a good while and now seeing signs of a reversal. Price has broken our bullish trend line and is consolidation between two key levels of support and resistance. If we seen a lot of bearish movement and close below support then we will enter
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Level needed: need a close bellow 1.74000
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Trade: SHORT
RISK:REWARD 1:8
SL: 1.74200
TP: 1.73400 onward
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DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
XAUUSD CONSOLIDATION BREAKPair: XAUUSD
Timeframe: 1H
Analysis: Round number level, trend line, volume profile , support and resistance, pennant pattern, consolidation
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Key Takeaway: For a full day we have seen the pair consolidate between 2332.8-2326.5 and we havent managed to break either levels. When the pair does we are either looking for a short or long trade depending on the confirmation of breakout (bullish or bearish). Once it does break out either way, we will look to take profits toward the top pennent resistance or bottom pennant pattern support trend line.
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Level needed: need a close above 2332.8 or a close below 2326.5
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Trade: NEUTRAL
RISK:REWARD 1:6
SL: —
TP: —
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DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
Shorting URA: 1+ Year Trend Channel BreakoutMonitor URA for a breakdown below the lower boundary of its ascending trend channel. If the price breaks out of the trend channel downward, look for a subsequent bounce back to the $30 price range to test the resistance level. Upon confirmation of resistance at $30, consider entering a short trade using put options to capitalize on the expected downward movement. This strategy aims to take advantage of a failed recovery within the channel, signaling a potential shift in trend.
Gold price is stable below the $2350 zone⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold price (XAU/USD) dropped at the start of the week due to the Federal Reserve's surprising hawkish stance. The Fed lowered its rate cut forecast from three to one, resulting in higher US Treasury bond yields and a stronger US Dollar (USD). This caused investors to move away from gold, which doesn't offer yield.
⭐️ Personal comments NOVA:
Gold price sideway, cumulative price range, around $2300 - $2350
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2307 - $2305 SL $2300
TP1: $2315
TP2: $2322
TP3: $2330
🔥SELL GOLD zone: $2340 - $2342 SL $2347
TP1: $2330
TP2: $2320
TP3: $2310
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️ NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest