GBPUSD Hits Key Resistance: Selling Strategy in FocusGBPUSD is targeting a recent selling zone as it encounters resistance around the 1.304 area. Previously a strong support level, this point has now been broken and stands as a new resistance, posing a solid challenge for the bulls.
Additionally, the notable recent recovery of the USD against the pound has made investors more cautious about trading against the trend.
From my perspective, I’m sticking with a selling strategy as shown on the chart, with a take-profit level set at 1.268.
Happy trading, and feel free to share your thoughts with me!
Signal
SOLUSDT Poised for Potential Upside Amid Market NewsSOLUSDT is showing positive signs based on technical factors and market news. The current support level at $153.54 is acting as a potential rebound point, aligned with a short-term upward trend.
Investor focus is on recent developments in the Solana ecosystem and new partnerships within the decentralized finance (DeFi) sector.
If the bullish momentum holds, the next target could reach the resistance level near $185, presenting a promising opportunity for further recovery.
Bitcoin Shows Upward Momentum, Targets Key ResistanceBitcoin (BTCUSDT) is displaying an upward trend, currently trading around $69,078 as it nears critical resistance levels. The chart suggests BTC is consolidating within an ascending channel, with immediate resistance expected around the $70,000 mark. A break above this zone could propel BTC towards the $72,755 target, signaling stronger bullish momentum.
Analysts highlight that maintaining support above $68,730 is crucial for sustaining this upward move. Market sentiment remains cautiously optimistic, with traders closely watching for potential breakout signals in the coming sessions.
The USD strengthens, and gold continues to declineThis decline is occurring due to profit-taking pressure from investors, many of whom are seizing the opportunity to sell as prices peak. Experts believe that the movements in gold prices are being influenced by the upcoming U.S. elections and the Federal Reserve's interest rate decisions.
This week, market sentiment will be shaped by these events, along with data on service sector activity, weekly unemployment claims, and consumer sentiment reports. Additionally, gold prices are also affected by the USD reaching a three-month high, fueled by strong signals from the U.S. economy and the potential re-election of Trump.
Today, gold is fluctuating around 2,741 USD/ounce. Currently, the EMA 34.89 has reversed, indicating that gold is in a downward trend. The resistance level at 2,756 will pose a significant challenge for gold at this time. Forecasts suggest that gold prices could drop to the support level of 2,731, with the possibility of breaking through this level and falling further.
Will gold reverse and increase again this week?
What to do the week America votes?The dollar and the Euro depending on the future president of the USA.
The most important week, both for the United States and the rest of the world, and also for the currency markets.
The choice between Donald Trump and Kamala Harris is key for the future of the United States, as well as for the development of economies around the world.
On November 5, 2024, Tuesday is the election in the USA.
The election of Kamala will definitely not affect the dollar well, while the election of Trump would have a positive effect. But there is one very big BUT. In both elections, unrest is very likely to follow, which would adversely affect the United States.
Thus, the "elections 2024" drama will not end with the final decision of the voters.
Betting on Gold is much safer in these absolutely uncertain times.
Even more so with the news that more and more millionaires are trying to leave the United States.
After the employment data, this week, fundamentals will generally be left for later trading when the passions surrounding the election die down.
Our advice is to choose gold instead of the dollar or euro. You can't go wrong with gold for medium to long term trading.
This week, trading will start neutral in anticipation of the news surrounding the elections, but it is possible that individual players will be quite aggressive in the markets. The probability of very large trade turnovers is very high.
In addition to the US election, on Tuesday you can watch the ECB's President Lagarde speech, as well as data on the ISM Services PMI (Oct).
On Thursday after the election, pay attention to the Fed Interest Rate Decision, where a 25 basis point cut is expected.
If everything around the election goes smoothly (although it is unlikely), then the expected lowering of interest rates in the United States will be the main driving event for the week.
EURUSD - INTRADAY IDEAThis EURUSD chart is according to the H1 timeframe - GOLDEN FIB ZONE ALONG WITH THE DEMAND.
Execute the price at the exact price mentioned, NO FOMO.
💡KEEP IN MIND💡
I am not a financial advisor and do not contribute to any of your losses or profits. To be safe, I recommend that you risk only 0.1 - 0.2% for the first week or 10 days, as no one can predict the market.
🚀Follow, I will drop daily 2-5 Intraday Charts🚀
GBPUSD - INTRADAY IDEAThis GBPUSD chart is according to the M30 timeframe - STOPLOSS ABOVE SWING HIGH AND TILL SWING LOW
Execute the price at the exact price mentioned, NO FOMO.
💡KEEP IN MIND💡
I am not a financial advisor and do not contribute to any of your losses or profits. To be safe, I recommend that you risk only 0.1 - 0.2% for the first week or 10 days, as no one can predict the market.
🚀Follow, I will drop daily 2-5 Intraday Charts🚀
Execute the price at the exact price mentioned, NO FOMO.
💡KEEP IN MIND💡
I am not a financial advisor and do not contribute to any of your losses or profits. To be safe, I recommend that you risk only 0.1 - 0.2% for the first week or 10 days, as no one can predict the market.
🚀Follow, I will drop daily 2-5 Intraday Charts🚀
BITCOIN - BTCUSD - SWING IDEABitcoin is currently testing the 0.5 Fib Area along with the market structure Resistance. We can LONG after it breaks the 69,900 Level and aim for ATH (All Time High).
Otherwise, in case of a breakdown, we can look for a small scalp/trade.
Execute the price at the exact price mentioned, NO FOMO.
💡KEEP IN MIND💡
I am not a financial advisor and do not contribute to any of your losses or profits. To be safe, I recommend that you risk only 0.1 - 0.2% for the first week or 10 days, as no one can predict the market.
🚀Follow, I will drop daily 2-5 Intraday Charts🚀
SILVER Massive Long! BUY!
My dear friends,
Please, find my technical outlook for SILVER below:
The instrument tests an important psychological level 32.449
Bias -Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 33.607
Recommended Stop Loss -31.757
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
APPLE Trading Opportunity! BUY!
My dear subscribers,
My technical analysis for APPLE is below:
The price is coiling around a solid key level - 222.92
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 229.43
My Stop Loss - 219.19
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
BTCUSD: Long Signal with Entry/SL/TP
BTCUSD
- Classic bullish setup
- Our team expects bullish continuation
SUGGESTED TRADE:
Swing Trade
Long BTCUSD
Entry Point - 67612
Stop Loss - 66366
Take Profit - 70099
Our Risk - 1%
Start protection of your profits from lower levels
❤️ Please, support our work with like & comment! ❤️
QQQ Technical Analysis! BUY!
My dear followers,
This is my opinion on the QQQ next move:
The asset is approaching an important pivot point 487.37
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 493.00
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK
GOLD - XAUUSD - INTRADAY IDEAThis XAUUSD - GOLD chart is according to M15.
Execute the long once the candle closes above the marked zone we could have longed right away if we were in a running market but the market is closed.
Execute the price at the exact price mentioned, NO FOMO.
💡KEEP IN MIND💡
I am not a financial advisor and do not contribute to any of your losses or profits. To be safe, I recommend that you risk only 0.1 - 0.2% for the first week or 10 days, as no one can predict the market.
🚀Follow, I will drop daily 2-5 Intraday Charts🚀
EURAUD Trading Opportunity! SELL!
My dear followers,
I analysed this chart on EURAUD and concluded the following:
The market is trading on 1.6503 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 1.6367
Safe Stop Loss - 1.6574
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK
APPLE: Bullish Continuation & Long Signal
APPLE
- Classic bullish formation
- Our team expects growth
SUGGESTED TRADE:
Swing Trade
Buy APPLE
Entry Level - 222.92
Sl - 219.02
Tp - 229.74
Our Risk - 1%
Start protection of your profits from lower levels
❤️ Please, support our work with like & comment! ❤️
SPY What Next? BUY!
My dear subscribers,
This is my opinion on the SPY next move:
The instrument tests an important psychological level 571.04
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 577.68
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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WISH YOU ALL LUCK
EURUSD My Opinion! BUY!
My dear friends,
Please, find my technical outlook for EURUSD below:
The price is coiling around a solid key level - 1.0831
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 1.0853
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
XAUUSD, 15-MINUTES TIMEFRAME CHARTXAUUSD, 15-minute timeframe chart
XAUUSD touched the support level of 2,734.00
General outlook
XAUUSD has been under selling pressure within the last day. The pair moved to the support level of 2,734.00.
Possible scenario
The best way to use this opportunity is to place a buy stop order at 2,736.
Set your stop loss at 2,727. below the previous low ($9.00 loss for 0.01 lot) and take profit at 2,788. ($52.00 profit for 0.01 lot).
The risk-reward ratio for this order is 1:1.
this idea for Monday use it on Monday hope we hit our target.
BTCUSDT Bitcoin is currently trading around $69,754 on a 4-hour chart, showing signs of consolidation within a sideways range between approximately $68,649 and $70,080. After a recent rally, the price seems to be stabilizing as it tests its moving averages.
Key Observations:
Consolidation Zone: Bitcoin is moving within a purple box range, suggesting indecision in the market as traders await the next direction.
Moving Average Support: The 50-period (yellow) and 20-period (gray) moving averages provide dynamic support levels. A break below these could indicate increased bearish momentum.
Potential Breakdown: If Bitcoin fails to sustain its position within this range, there’s a likelihood of a downward move targeting the next major support at $66,100.
Gold Prices Dip as USD Rebounds Global gold prices continued their downward trend, with spot gold dropping by $11 to $2,736.5 per ounce, a decrease of $10.9 from yesterday morning.
The rebound of the US dollar exerted significant pressure on gold, causing the precious metal to lose 0.2% in a day after a 1.5% drop on Thursday. Consequently, the dollar regained its previous losses and climbed by 0.4%, making gold a less attractive option for investors.