Alikze »» XAUUSD| Descending channel - 1H🔍 Technical analysis: Descending channel - 1H
- It is moving in a descending channel in the 1H time frame.
- It is shaded in the area of the bottom of the downward channel that there is an OB in the liquidity area.
- There is an FVG gap in the 30MIN time frame.
- Therefore, it can have a correction by filling the gap up to the liquidity area.
In the FVG area, in case of selling pressure and confirmation, it can have a return to the liquidity area and after that it will grow again up to the channel ceiling.
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OANDA:XAUUSD
Supply_and_demand
Alikze »» XAUUSD| Descending channel - 1H🔍 Technical analysis: Descending channel - 1H
- It is moving in a descending channel in the 1H time frame.
- It is shaded in the area of the bottom of the downward channel that there is an OB in the liquidity area.
- There is an FVG gap in the 30MIN time frame.
- Therefore, it can have a correction by filling the gap up to the liquidity area.
In the FVG area, in case of selling pressure and confirmation, it can have a return to the liquidity area and after that it will grow again up to the channel ceiling.
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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.
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OANDA:XAUUSD
EURUSD. Medium term analysisHello traders and investors!
The previous medium-term analysis can be found in the related idea. Some new interesting information has emerged, which I would like to share with you.
Weekly Timeframe Analysis
On the weekly timeframe, a sideways movement has been forming since October 2023 (with point 4 established). The upper boundary is 1.12757, and the lower boundary is 1.04485. The current seller’s vector is 7-8, with a potential first target of 1.06011. Last week, the seller resumed activity. A potential threat for the seller is the buyer's zone (marked by a green rectangle on the chart), with its upper edge at 1.08851.
Daily Timeframe Analysis
On the daily timeframe, there was a sideways movement starting from August 2024 (point 4 was established). The upper boundary was 1.12142, and the lower boundary was 1.10002. The seller's vector 9-10 broke below the lower boundary, initiating a short trend. The beginning of the last seller's impulse is 1.09973. The end of the impulse will be confirmed when we see the first daily candle of the buyer. The end of the previous seller's impulse was at 1.09514.
Highlights
The priority is to look for sell opportunities.
Purchases should be considered if the price returns above 1.09973, and the buyer protects this level.
If we look at the average time taken for vectors in the sideways movement on the weekly timeframe, it generally takes about 15 weeks for the price to realize the vector, meaning that by approximately January 2025, the seller might reach their target. If we account for a mathematical progression (+3 weeks to the next vector), it may take around 21 weeks to achieve this.
Good luck with your trading and investments!
GBPUSD Live Week 41 Swing ZonesFirst week trading live didn't go as planned. Why, i call it work, life and trading Balance. Managing all three, highlights the challenges of modern-day life whilst seeking alternate source of income.
Ultimately, the goal is to home in on a good trading strategy to transition to fulltime trading.
Week 41 zone is calculated as shown: 264-314.
Price action determines trades
XAUUSD Will Bounce For Today!Hello Traders!
House Of Profit Analysis CUrrent Price : 2646
Today is monday and we need to keep that in mind that today market will move in range of 2632 - 2365 and big range.
As of my analysis gold is going give us a strong buy today when it reaches the level of 2640 - 2635 or if it does go below then 2632.
there is a zone which i doesn't mark 2650 - 2653 if we buy from 2638 we have to monitor whar prices do at this 2650 level if it does breaks it easily then we could keep our buy going!
liking or following would be appreciated!
Sell AUD/USD Triangle BreakoutThe AUD/USD pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the downside in the coming hours.
Possible Short Trade:
Entry: Consider Entering A Short Position Below the Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 0.6870
Target Levels:
1st Support – 0.6835
2nd Support – 0.6804
Stop-Loss: To manage risk, place a stop-loss order above 0.6916. This helps limit potential losses if the price falls back unexpectedly.
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
Alikze »» FTM | Wave 5 correction - 1H🔍 Technical analysis: Wave 5 correction - 1H
- According to the analysis presented in the previous post , in the weekly time frame, the first target has been the neckline, which was the supply area.
- Currently, in the 1H time frame, after breaking the zone, a correction pattern is being formed.
- Wave 4 correction in the range of the green box has formed a continuing downward pattern.
- This corrective wave is in the form of wave 4 in an ascending channel, which by breaking it to the specified areas, this corrective cycle can be extended.
Therefore, this wave can meet the demand after touching the specified areas and form an upward corrective cycle, which should be reviewed and updated.
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BINANCE:FTMUSDT
Sell CAD/JPY Resistance ZoneThe CAD/JPY pair on the H1 timeframe presents a potential selling opportunity @ Resistance Zone
Key Points:
Sell Entry: Consider entering a short position around the current price of 108.25.
Target Levels:
1st Support – 106.65
2nd Support – 105.48
Stop-Loss: To manage risk, place a stop-loss order above 109.02. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
Microsoft. There is still potential for the price to decline.Hello traders and investors!
Let's take a look at the situation with Microsoft stocks. I believe there is still potential for the price to decline.
Weekly Timeframe
On the weekly TF, there is an attempt to reverse the long trend. The first seller's impulse has been formed. The level of the last buyer’s impulse start is 445.66, and the level of the last seller’s impulse start is 468.35. The end of the last seller's impulse is at 385.58.
Key candle in the seller's impulse is from July 24 (largest volume in the impulse, marked as "KC" on the chart). It was tested by the buyer on August 19. The test level is 426.70. The buyer missed the 50% level of the seller's impulse (426.97) by 27 cents. Then, the buyer attacked the test level with two candles on increased volume, bringing the price above the 50% level, but the seller pushed the price back below the test level (426.70), forming a seller's zone above (red rectangle on the chart). Further price decline is likely, with the first target at 400.8, which is the start of the last buyer's sub-impulse on the weekly TF.
Daily Timeframe
On the daily TF, there’s a sideways range (formed on August 22, with point 4). The upper boundary is 432.15, and the lower boundary is 385.58. The relevant seller's vector is 6-7, with the first potential target being 400.8 (then 385.58).
The buyer's vector 5-6 broke above the upper boundary of the range, gathered volume, and the seller returned the price to the range, forming a seller's zone at the upper boundary. This zone was tested on September 26, after which the seller's continuation began. The buyer attempted a recovery on September 30 with increased volume but failed to deliver results. Yesterday, the seller engulfed the buyer's candle.
Highlights
On both the weekly and daily TFs, the priority is to look for selling opportunities. The last daily candle has increased volume, making it a good point to start looking for sell opportunities. On the daily TF, possible threats to short positions include the 50% level of the last buyer's impulse at 413.72 and the buyer's zone with an upper boundary at 410.65 (green rectangle on the chart).
It makes sense to consider buying opportunities when the buyer shows strength, for example, when interacting with the levels of 400 or 385 and defending them.
How to decode candle volumes is explained here
Good luck with your trading and investments!
Will XAUUSD Bounce or Slide?Hello Traders!
Today is going to be a tough day because gold can take a lot of sls today because the position of the market is slightly hard to analyse.
so here we have 3 buying levels and 3 selling levels and theres also a news today which would affect us.
Selling levels:
this will work as if market give respect to any of those level and retest it as resistance then we can consider selling.
1. 2639 - 2642
2. 2653 - 2656
3. 2665 - 2671
Buying levels:
also works same as selling levels
1. 2626 - 2623
2. 2614 - 2611
3. 2605 - 2600
we have to monitor the market when it come to these and watch carefully for any breakouts or retest the support or resistance then we can enter.
supporting by follow and liking would be highly appreciated.
IoTeX | Long Term Profits Plan Hello traders!
There's hype in the air as BTC has moved within a bullish wave even though we are inside a descendant channel point. So, it could either re-test resistance at about 70k again or get back inside the range. So here's an idea to use in the long term for IoTeX
1) Price has been in a range for a long time and within this range best zones to buy would be at: 0.013 - 0.021 these may get re-tested before the bull run so you can set up some price alerts. Or if you feel brave you can enter at 0.031 which is the current monthly support
Verify entry points at lower time frames with the strategy of your choice.
2) TARGETS: The nearest one would be 0.060 - 0.070 but within the range it could go up to 0.10 but if that happens then the range would be broken leading to an uptrend which must coincide with the bull run so before it happens, it will drop heavily so I suggest to TP safely at 0.060 - 0.070 for the time being.
This idea is to spot for the long term. This asset is still in a balanced mode; there hasn't been a breakout of the range yet. However, it's worth noting that there's a bullish triangle pattern on the daily timeframe playing out right now.
I hope you find it useful and are able to take advantage of this idea.
Kina Tip of the Day: Take profits partially even when they don't seem much because, in the long run, they will grow in a balanced way with the rest of the portfolio.
Keep it shiny ⭐
Kina, The Girly Trader
Megaphone - BearishSPY weekly looking interesting heading into the week. Staying hedged with the SPY holding another megaphone. The SPY is being carried by buyer volume with some hidden bearish divergence on the RSI and nearing overbought territory yet again.
With so many sectors and indexes flashing red and a massive bearish cipher on the weekly timeframe as further confirmation, looking forward to playing the downside.
Some FIB levels and RSI-based supply and demand zones to keep an eye on in the meantime (Accompanying Charts Attached Below)
Alikze »» XRP | Rising triangle pattern🔍 Technical analysis: Rising triangle pattern
- It is in the supply zone in the daily time frame.
- An ascending triangle is now formed.
- Therefore, with the support of the 59 cent zone, it will have the ability to break the supply zone.
- After the failure of the supply area, it can continue its growth until the next supply area.
- According to the formation of the incremental triangle pattern, it can grow as much as the height of the triangle up to the area of one dollar.
- Therefore, after the failure of the supply zone and pullback to it, it can climb up to the next supply zone.
💎 Alternative scenario: In addition, if the dynamic trigger zone is broken from the bottom, the bullish scenario will be invalidated.
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$DXY US DOLLAR BULLISH **BIG BOYS BIAS (CFTC COT INDEX REPORT)
>Commercials - Extremely Bullish
>Retailers - Extremely Bearish (Always Wrong)
>Fund Managers are in-trend with the price chart (Trend Followers)
**USD Valuation Against EURO
>We are still in at the Overbought region
Others:
>Price already took the Daily Demand Zone, price is now accumulating and the catalyst for the BULLISH move could be the US FED news and the EURO Inflation Rate news release on Monday.
***As always, trade safe and make sure to do your due diligence when analyzing the charts.***
NZDUSD STILL BEARISH >The New Zealand Dollar had an explosive rally last week, deeply penetrating and ultimately invalidating the highlighted supply zone, indicating the exhaustion of any remaining unfilled orders.
>We can now observe five invalidated supply zones lined up on the chart.
>Above these zones lies a high-quality, fresh supply zone, where significant stop-loss orders and a large volume of sell orders could potentially accumulate in anticipation of the upcoming FED speech on Thursday, which may act as a catalyst for a sharp drop.
>The US Dollar Index remains undervalued (refer to my USD analysis for more insights).
>Given that the NZD is currently overvalued, the price may soon seek reasons to turn bearish. For this to happen, a considerable volume of sell orders will be needed to trigger a downward move.
***As always, trade safe and make sure to do your due diligence when analyzing the charts.***
TSLA SHORT TRADE IDEA**STOCKS VS USD & TREASURY BONDS - Currently Oversold signaling a bearish sentiment. Price would need a reason to for a bearish move and could take the highlighted Supply Zone.
Supply and Demand Analysis:
>Price could take the the daily Supply Zone and the PRICE GAP within the supply zone could get filled.
>Price could fill the Gap before a bearish move and go to the highlighted opposing Demand Zone
***As always, trade safe and make sure to do your due diligence when analyzing the charts.***
GOOG (Google) Short Idea**STOCKS VS USD & TREASURY BONDS - Currently Oversold signaling a bearish sentiment.
Supply and Demand Analysis:
>Price already took the daily Supply Zone but the PRICE GAP is not yet filled.
>Price could fill the Gap first before a bearish move filling orders on multiple price gaps below
***As always, trade safe and make sure to do your due diligence when analyzing the charts.***
GBPUSD BEARISH FOR THIS WEEK **CHECK MY EURUSD ANALYSIS FOR THE CFTC COT REPORT BIAS
CFTC COT Report Bias: BEARISH
**British Pound's value against the Dollar is still at the over-sold region
**Supply and Demand Analysis - Price Is accumulating at Supply Zone #1 and could reach Zupply Zone #2 before the bearish move and could target the opposing demand zones highlighted on the chart.
**Others - the catalyst for the bearish move could be the US FED news release on Monday.
***As always, trade safe and make sure to do your due diligence when analyzing the charts.***