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Smcanalysis

GOLD speculation, what to expect!Making a top down analysis from higher TF, starting from weekly, looking at the ascending trend line, gold is in uptrend, after weeks of correction that broke the trend line into the strong demand zone, moving to daily TF and seeing a reversal candle stick star pattern on the strong demand zone it could be the end of the corrective move. on 4H TF price is in range between two opposing zone , if the supply is out as in 1937.63 loll there will be a possible rise to next supply zone as in 1967.72 level.
FOREXCOM:XAUUSDLong
by ExtraOrdy
Potential conclusion to the cable run.Based on an adjusted Wyckoff Distribution schematic and a simple Supply ad Demand overview, the observation that the GBPUSD has reached a temporary climax can be considered. We've recently seen a correction to the main impulse made on the 15th of June, mitigating any form of imbalance. This balances out the forces of supply & demand, of which, now the declining price and volume indicate an increasing supply and a declining demand which is likely to lead to bearish momentum towards previous 1H order blocks such as the one around 1.253
Short
by JadenAlexander
Will EURJPY Consolidate?The recent correction seems to have dived a bit too close to short-term support. This raises the question, were institutions building liquidity to continue bullish momentum, or are we seeing signs of diminishing demand? The answer will be determined by the ability of the price to break out of the trading range with enough volume to sustain a clear direction & momentum. It is worth noting that volume levels are currently dropping indicating Effort < Result, whilst the price is still floating above short-term support levels (As seen by the double bottom). This doesn't provide a lot of confidence for buyers. However, since there are no confluences (from my view) of sell pressure, it looks like we'll be heading sideways for some time unless we can receive a significant increase in buyers to continue the uptrend.
by JadenAlexander
S&P 30m Analysis: Unveiling the Perfect Sell Setup for Maximum📈 S&P 30m Analysis: A Perfect Setup! 🎯 ✅ Price successfully captured its buy side liquidity and formed a breaker block, signaling a prime opportunity for a sell entry. 📉 Targeting the untouched sell side liquidity, traders can aim for a remarkable 6.5 risk-to-reward ratio. 💰 With the option to book partial profits at 2.5 deviation or hold for the ultimate gain at 4th standard deviation, this trade is a true gem. 💎 EIGHTCAP:SPX500
EIGHTCAP:SPX500Short
by Furqan_Malick
1
EURAUD looking for sell at Supply ZoneBased on the chart, it is evident that EURAUD is breaking its previous upward trend, which is referred to as the CHoCH (Change of Character) pattern. The currency pair has created some liquidity and subsequently breached it. Currently, it is attempting to retest the supply area at the 0.786 Fibonacci level. Additionally, it is worth noting that the 0.786 Fibonacci level coincides with a supply zone and a previously broken resistance area. Considering this information, it would be beneficial to adjust the timeframe to identify an entry point if EURAUD reaches the supply zone area.
Short
by penguintraderx
GBPUSD 1.24124 -0.88 % DAILY BREAKDOWN FOR THE WEEK AHEADHELLO EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GREAT WEEKEND. HERE'S A LOOK AT POSSIBLE SCENARIOS THAT COULD PLAY OUT ON THE POUND DOLLAR IN THE COMING WEEK. GBP/USD CLOSED LAST WEEK WITH SOME STRONG MOMENTUM TOWARDS THE DOWNSIDE SIGNALLING SO MOMENTUM SHIFT. * We have swept previous week high and multiple day candle rejections at this level. * Second candle being that big bearish momentum shift which probably created some market structure shift on lower time frames. * Looking for a continuation of this move in this coming week. - To take the previous lows for confirmation that we are bearish for the week. - Tap in to the OB * If we break below and close under the OB - TARGET would be the FVG that is unmitigated before continuing to the upside. lets see how it goes. IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE SMASH THAT LIKE BUTTON & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ * Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - I TAKE MY TRADES ON A INTRA DAY SESSIONS BASIS THIS IS NOT FINACIAL ADVICE TO EXCECUTE ❤ LOVELY TRADING WEEK TO YOU!
Short
by PULEMokhothu