Smctrading
#XAUUSD: Created Yearly High, $2200 is very much next Target! Gold reached a record high target yesterday, making a significant move. However, price is still bullish and far from dropping, in our view price can go beyond $2200 or more. March tends to remain bullish as we had explain in our previous ideas and we still suggest the same thing. Price of Gold will be unpredictable. We have possible two entries, if it matches your analysis or bias then do use the idea as learning purpose and manage your own risk.
Good Luck
🌟📈 Weekly Chart Technical Analysis for IWM! 📊💼Let's delve into the fascinating world of IWM and explore its weekly chart. Get ready for valuable insights and potential trading opportunities. 🚀📈
🔄 Cycle Analysis:
By analyzing the cycles, we've identified a cycle period of 48 weeks for IWM. Interestingly, we've divided each 48-week cycle into three distinct parts, allowing us to pinpoint key moments within the market's trajectory. Let's dive into the current cycle! 🔄📆
📈 Uptrend at 1/3 of the Cycle:
In this new cycle, IWM finds itself right at the 1/3 mark. It successfully broke out of the key resistance level at 190.8 back in December 2023, and this level has been retested, confirming its significance. As a result, we believe IWM is currently experiencing an uptrend. 💪📈
📉✅ Key Levels and Price Range:
Based on our analysis, we anticipate that over the next 32 weeks, IWM will remain within a price range of 203.54 to 228.70. Notably, the upper end of this range, 228.70, is closely aligned with the high reached in November 2021. Additionally, there is a Supply Zone located at 235.50, making this area a crucial zone to monitor. 📉🎯🔍
🔄🔎 Retracement Entry Opportunities:
For traders seeking a long entry, we recommend focusing on retracements within smaller timeframes, such as the H4 or daily chart. These retracements can provide favorable entry points with a potential profit of 12% and a risk-reward ratio of more than 2 to 1. This presents an enticing opportunity for mid-term investments. 🔄💼💰
📚🔍 Conduct Your Own Study:
As always, it's crucial to emphasize the importance of conducting your own research and analysis before making any investment decisions. Stay informed, stay vigilant, and make well-informed choices based on a comprehensive understanding of the market. Knowledge is power! 📚💡💼
Embrace the insights, seize the potential within IWM's weekly chart, and consider the captivating opportunities it presents. Remember, trading carries risks, so always exercise caution and diligence. Let's make the most of these chances and aim for profitable investments! 💪💼💹
#IWM #WeeklyChartAnalysis #UptrendForecast #RetracementEntryOpportunity #MidTermInvestment 📈🔍💱
What do you think now? Will Gold target $2125 or $2225?📣 Hello Mates!
Yesterday in Gold Idea Already, we mentioned that Gold would likely turn from the $2159.00 or $2169.00 area because $2170.00 presents a strong resistance area.
Today, we have $2180.00 as another good resistance level.
So, hopefully, Gold will not break resistance and sell from our resistance. Our target for today is $2125.00 Since today is NFP News, please avoid large positions and use proper stop-loss.
🔑 Remember, money management is crucial. Before employing our analysis, please conduct your own research and refrain from investing more than 2% of your portfolio.
📈 Our Resistance Levels are spotted at:
- $2170
- $2180
📉 And our Support Levels are set at:
- $2125
- $2088
Stay tuned for further updates and trade smartly! 📊
🌟📈 Exciting Trading Insights for HK50! 💼💹Get ready for some thrilling opportunities as we dive into the market dynamics of HK50! Let's explore the charts, analyze the trends, and uncover potential pathways for profitable trades. 🚀💰
📈 Higher Timeframe Trend:
Zooming out to the higher timeframes (H4 or above), we observe a clear trend in HK50. This sets the stage for exciting possibilities and potential gains. Let's ride the trend! 📈📊
🔍🔄 Double Bottom Formation:
In the H1 chart, we anticipate HK50 to form a double bottom pattern, as indicated. This pattern suggests a potential trend reversal and can provide excellent entry opportunities. Keep a close watch! 👀🔄
⚡️💼 Supply Zone at 16330:
Our analysis reveals a small but significant Supply Zone at 16330. Today's breakdown of this level serves as a Launchpad for potential upward movement. Brace yourself for a bullish breakthrough! 🚀💼
🔮📉📈 Forecast Path:
Let's map out the potential path for HK50's future movements:
1️⃣ Hit Supply Zone 16330:
The first step is for HK50 to reach the Supply Zone at 16330. This level acts as a crucial milestone to watch out for. Prepare for potential price reactions and exciting trading opportunities! 🎯📉
2️⃣ Retest and Lower Low Formation:
Following the initial hit, we anticipate a retest above 16150, accompanied by the formation of a lower low. This scenario may exhibit indicators such as MACD divergence, providing insightful signals for traders. Stay sharp! 🔄📉
3️⃣ Fast Move to 16480:
Our forecast suggests a rapid upward move to 16480, potentially occurring on Friday afternoon or next Monday. This surge presents an excellent chance to capitalize on favorable market conditions. Get ready for action! ⚡️📈💪
Embrace the excitement, stay informed, and adapt to the evolving market conditions. Remember, thorough analysis and risk management are key to successful trading. Let's make the most of HK50's potential and aim for profitable trades! 💪💼💹
#HK50 #TradingInsights #DoubleBottomFormation #SupplyZone #ForecastPath 🌍💱
#EURNZD:First Two Entries Hit Targets What you think about this?FX:EURNZD first two entries hit our targets successfully, now we are focusing on the third entry, price rejected at the key level, where we think most of the major selling orders were placed. Currently, in our price had left behind big 'liquidity void area' due to that reason. In our view, price is likely to fill those area and then bounce back from our 'third entry'. We are targeting same 300-400 pips this time around too. Which will helps us gathering over 1200 pips from three ideas.
Let me know what do you think about EURNZD? Please share your views too.
US30 BEARISH IDEA This is just another sell idea ( yellow arrow ) following our entry ( previous post ) which is risk free and running at around 175 pips !!
Technical remains a strong bearish view --> expecting a break of structure very soon
Main target is the ( 4H ) demand zone !
Trade only during N-Y session and only if price is in the rectangle
KEEP FOLLOWING IF YOU WOULD LIKE MORE PRECISION TRADES ( 1 : 7 ) - ( 1 : 10 ) !!