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Silver- Will it catch up with Gold?Similar to Gold, Silver also began the year poorly. After finding support just under $22, it started trading in a range. A few hours ago, the price managed to break above the range's resistance, indicating a bullish outlook. However, unlike gold, silver has lagged behind in its performance since the start of the year. In my opinion, this gap will be filled, and we can expect the price of silver to reach around $25 soon. I'm looking to buy dips, with the price at the beginning of the year as my target.
OANDA:XAGUSDLong
by Mihai_Iacob
Bitcoin could continue its ascent to 67Last week was quite eventful for $BITSTAMP:BTCUSD. After breaking out of the two-week-long rectangle consolidation, the price surged, increasing by $10,000 in just a few days, or more notably, around 20%. However, after reaching a local high on Thursday, the price began consolidating recent gains and is adjusting to the $60,000 mark. The positive aspect for bulls is that this consolidation is forming a symmetrical triangle, which typically indicates a continuation pattern. The target for this pattern is the 67k zone. In conclusion, in my view, any dips should be considered opportunities for buying, and only if the price drops below 59K in terms of daily closing would this scenario be put on hold.
BITSTAMP:BTCUSDLong
by Mihai_Iacob
15
XauUsd- Above 2100 without retest?As discussed in yesterday's video, OANDA:XAUUSD demonstrates strong bullishness on both the weekly and daily charts. However, following the substantial 450-pip rise on Friday, a correction may follow. A perfect scenario would involve this correction leading to a retest of the 2060 zone, which was formerly a broken resistance level. Nevertheless, upon examining the 15-minute chart, it appears that buy orders at 2080 are strong, and the decline from Friday's peak is forming a small flag pattern. Taking all of these factors into consideration, I am skeptical that the price will drop for a retest, and I am inclined to buy before reaching that support level.
OANDA:XAUUSDLong
by Mihai_Iacob
8
Alikze → GMX| Leaving the cornerIt is moving in an ascending channel, which after forming a floor at the bottom of the ascending channel and exiting the corner, it is moving towards the supply area and the $50 range. If it breaks the $50 area, the path will be opened to continue climbing to the next range and the ceiling of the channel. 🟩Sup: 43.80 - 45.30 ⛳️Tp 1:50 - 53 ⛳️ Tp2 : 56.20 ⛳️ Tp3 : 62.5 - 68.80 ----------------- Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Sincerely.❤️
Long
by UnknownUnicorn7266498
Alikze → MANA | Ready to break the triangle densityIn time W1, after exiting the density, it is currently in the specified area of the trading range and at the corner of a density in time D1, if it is supported in the green box area and exits the density, it will have the ability to grow to the specified supply area. Otherwise, the breakout will continue to correct from the bottom to the liquidity zone. ------------------ Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Sincerely.❤️
by UnknownUnicorn7266498
EURUSD SELL | Day Trading AnalysisHello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity EURUSD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
Short
by TheGrove
1
AUDUSD:🟢Possible scenario🟢(Details on caption) As you can see, the price reacted bullishly after collecting the liquidity, created the inversion FVG, and shifted the market structure. Now I see the price can draw to the buy-side liquidity, here we have two bullish scenarios: 1- The price may go higher from here and create the bullish FVG, respect them, and grab all buy-side liquidity. 2- There is a clear 1-hour bullish order block below the liquidity pool that formed as an equal low on the 50% Fibonacci level. So we can expect the price to move down to the demand zone (bullish order block) and then with the LTF confirmation, we can enter the buy position. 💡Wait for the update! 🗓️27/02/2024 🔎 DYOR 💌It is my honor to share your comments with me💌
Long
by VahidTradingCR
1
Alikze → TIA | Pullback to broken structure After touching the target of the previous analysis, it is moving in an upward channel at time h8, it seems to be pulling back to the broken structure. If the 18.75 range is not broken and we see a return candle, it will have the ability to break the current supply area for the 21.85 and 23.44 targets. Otherwise, it will correct up to the specified demand range. 🟩Sup: 18.75 ⛳️Tp1: 21.85 ⛳️ Tp2 :23.44 ------------------ Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Sincerely.❤️
Long
by UnknownUnicorn7266498
Gold remains undecised. What could be next?Yesterday, OANDA:XAUUSD was relatively quiet, fluctuating within the familiar range of 2020-2030. At the time of writing, the price is hovering near a support level, prompting my earlier decision to close my buy trade with minimal losses. However, the crucial question remains: What should we expect next from the price of Gold? In the short term, a glance at the hourly chart reveals that Gold is currently trading near a confluence of support levels - the rising trend line from the recent low and a horizontal level. A breach here would expose the technical and liquidity zone between 2010-1015, followed by 2000 and the recent 1985 low, with numerous supports in between. Given the abundance of support levels, I am refraining from opening short trades at this time. In the medium term, this year's price action is contained within a downward channel. However, it's important to note that this channel is also encompassed within a larger ascending channel. While the long-term pattern provides us with directional guidance for the next few months, the possibility of a dive below 2000 remains, potentially triggering stop losses along the way. In conclusion, I have decided to adopt a wait-and-see approach for now, hopeful that the weekly close will shed more light on the situation.
OANDA:XAUUSD
by Mihai_Iacob
6
Bitcoin- One more top before big drop? After breaking above the 45k resistance, BITSTAMP:BTCUSD soared, reaching a high of 53k. If we calculate the recent leg up started after the ETF's release, the rise is around 30% in just a month or so, which is significant, even for BTC. Technically, the trend is still strongly upward, and as we can see from the chart, after reaching 50k for the first time in the last 2 years, dips are constantly being bought. Looking at the short-term picture, the price is contained in a rectangle, which is a continuation pattern. A break above 53k should lead to a new high around 54,500. However, with the price so stretched to the upside, a correction is imminent, and in my opinion, short-term speculators should use these new highs as an opportunity to open short trades. My target for this drop is 45k, with respect to the 48-49k zone.
BITSTAMP:BTCUSDShort
by Mihai_Iacob
21
Gold- Correction over and rise to 2060 next?In my post from yesterday, I mentioned the possibility of a correction in the price of $OANDA:XAUUSD. However, this correction should be viewed as a favorable opportunity to buy at more advantageous prices. As anticipated, this correction did occur, and as depicted in the chart provided, once the price briefly dipped below the local support, it reversed sharply. At the time of writing, the price of Gold is hovering around the familiar level of 2030 and appears poised for an upward breakout. Such a breakout would expose the technical level of 2040. However, in my opinion, if such an event occurs, we should not anticipate a reversal from that level but rather an ascent towards the next significant level at 2060.
OANDA:XAUUSDLong
by Mihai_Iacob
3
EurAud- Heads up for a 500 pips potential dropSince mid-August of last year, FX:EURAUD has been consistently forming lower highs on our chart, negating a bullish trend that spanned over a year, a trend which was negated back in December. This year, the pair has entered into a distribution phase, with a high likelihood of establishing a new lower high. Over the past month and a half, bears have sold every rally, particularly those near or slightly above 1.66. With the pair returning to the support zone, there is a strong possibility of a downward breakout. In such a scenario, EURAUD could accelerate its losses, potentially dropping below 1.6, a movement of around 500 pips. Moreover, such a trade could potentially offer a remarkable risk-to-reward ratio of 1:4 to 1:5.
Short
by Mihai_Iacob
EurNzd- 1000 pips drop higes on 1.75 (Long term view)After reaching a high around the 1.85 zone, FX:EURNZD initiated a correction that eventually settled near the 1.75 zone. Throughout the end of October and all of November last year, the pair formed a lower high around the 1.82 zone. Subsequently, following the formation of a double top pattern, the pair breached below the neckline and the rising long-term trend line, ultimately revisiting the 1.75 zone. In December, there was a retest of the broken trend line, and after another examination of the 1.75 level, the pair experienced a rise. However, this time, it encountered significant resistance at the crucial confluence level of 1.79 before retracing back to 1.75 once more. Taken together, these movements suggest mounting selling pressure and long-term distribution in the market. Considering these cumulative factors, it's plausible to infer that the pair may be poised for a substantial decline. A drop of 1000 pips doesn't seem out of the realm of possibility, given the current setup and historical patterns. The confluence of technical indicators and price behavior underscores the potential for a significant downturn in the pair's value. Thus, traders may find it prudent to closely monitor these developments for potential trading opportunities aligned with the anticipated downward movement.
Short
by Mihai_Iacob
2
AudUsd- I expect a strong reversalFebruary has been marked by two significant breaks for FX:AUDUSD : one below the 0.6525 technical support and another below the psychological barrier of 0.65. With the pair now trading back above both levels, there is a strong likelihood that these breaks were false. As typically observed with false breaks, a robust reversal in the opposite direction may follow. Furthermore, if the price surpasses 0.66, we can interpret the 0.6480 zone as a higher low, indicating potential momentum for the pair to test the resistance at 0.69. I maintain a bullish stance on the Aussie dollar as long as the price remains above the recent low, and I am looking to buy on dips.
Long
by Mihai_Iacob
1
NZDUSD is on the verge of a breakout and upward reversal.In a previous analysis of OANDA:NZDUSD , I mentioned that as long as the 0.6 zone remains intact, the decline from the recent high could not be categorized as more than a mere correction. Since then, the pair has consolidated but has remained resiliently above the mentioned level. Last week brought about a new reversal from the support level, and as of the current writing, the pair is pushing for an upward breakout. I believe we will witness this breakout sooner rather than later, with the 0.6350 resistance level as the target in this instance.
Long
by Mihai_Iacob
EurUsd- Change of medium term trend?Two days ago, in a short-term analysis of FX:EURUSD , I mentioned that the 1.0790-1.0800 zone is pivotal for a potential reversal in the currency pair. The pair did break above that level and is currently consolidating above it. Now, I find myself wondering whether this marks a reversal in the medium-term trend or simply a correction from the year's selloff. Upon examining the weekly chart, the technicals suggest a potential longer-term reversal. As we are aware, the 1.0730 zone served as a support level. Upon piercing it twice, the pair reversed direction on each occasion, notably marked by pin bars. Additionally, the current reversal bears a striking resemblance to the reversal observed around 1.05 back in October. In conclusion, from a longer-term perspective, there appears to be a significant likelihood of a reversal for EUR/USD, with a target around 1.1, but perhaps more likely at 1.12.
Long
by Mihai_Iacob
1
XauUsd- A possible correction should be boughtAs outlined in yesterday's analysis, as long as the 2015 zone remains intact, the bullish outlook prevails in OANDA:XAUUSD , and we can anticipate a rise above Friday's high. Indeed, this scenario unfolded, and the price managed to climb to the 2030 zone. However, following an initial correction during yesterday's trading session, Gold failed to surpass the 2030 mark and began to decline once more. The structure on the hourly chart suggests the potential for a correction, but any potential drop should be viewed as a favorable opportunity to buy at better prices. With that said, my stance remains bullish as long as the 2010-2015 zone holds firm. In my view, declines towards that support range should be seen as buying opportunities.
OANDA:XAUUSDLong
by Mihai_Iacob
4
Ethereum- A probable 20% rise After reaching a peak above $2700 and experiencing a typical correction, BITSTAMP:ETHUSD performed well technically. It remained above the support levels between $2150-2200 and yesterday, it finally broke through the $2400 resistance. The current outlook for EthUsd is strongly bullish. As long as the price stays above the $2400 zone, we can anticipate a continuation of the upward trend with a target set at $3000. Moreover, such a trade would offer a risk-to-reward ratio of more than 1:3.
BITSTAMP:ETHUSDLong
by Mihai_Iacob
2
Solana Drop to 80 looks imminentA few weeks ago, I mentioned the possibility of BINANCE:SOLUSDT retracing to the 80 zone support level once more. However, Solana surged upward and triggering my stop loss in the process. Despite this turn of events, my perspective on the market remains unchanged, and I still anticipate a return to the 80 level. From a technical standpoint, the recent up move from 80 appears to be corrective rather than impulsive, with 120 emerging as a formidable resistance barrier. Confirmation of a potential downturn would materialize if the price dips back below 100 once more. I'm looking to sell again.
Short
by Mihai_Iacob
2
UsdJpy- Top in place?As you are aware, I've held a bullish outlook on FX:USDJPY and anticipated a rise from the 145.50-146 zone. My target of 150 has not only been met but surpassed. However, after peaking for the year at 150.87, the pair initiated a minor correction and started to consolidate. While we lack confirmation for a reversal at the moment, there are indications suggesting one might occur. Firstly, the 150-151 zone appears to be a region the Bank of Japan (BoJ) is determined to defend. Secondly, the reversal from the peak is an Evening Star candlestick pattern, commonly associated with reversals. Thirdly, as detailed in a DXY analysis from two days ago, the USD may encounter headwinds and begin to decline. As mentioned, confirmation is crucial, which would need a break below the 149.50-149 zone. In the event of such a break, the pair could potentially drop by 400 pips to the significant 145 level.
Short
by Mihai_Iacob