AU projected target of 0.6600With China economic news, US election news, and NFP this upcoming Friday, we have a lot of fundamental events moving the markets. We just recently broke a LH on AU. I'm looking for a projected target of 0.6600
We will plan accordingly with whatever the market shows us and stick to our trading plans
Supply_and_demand
Sell GBP/CHF Channel BreakoutThe GBP/CHF pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined bearish channel pattern. This suggests a shift in momentum towards the downside and a higher likelihood of further declines in the coming minutes or hours.
Key Points:
Sell Entry: Consider entering a short position around the current price of 1.1222, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels: Initial bearish targets lie at the previous support levels within the channel, now acting as potential resistance zones: 1.1151 and 1.1108. Further downside targets could be determined using other technical analysis methods like Fibonacci retracements or extensions.
Stop-Loss: To manage risk, place a stop-loss order above the broken support line of the channel, ideally around 1.1252. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Thank you
Buy GBPNZD Bullish PennantThe GBP/NZD pair on the M30 timeframe presents a potential buying opportunity due to the presence of a well-defined bullish pennant pattern. This pattern often suggests a continuation of an uptrend, potentially leading to further advances in the coming minutes or hours.
Key Point s:
Recent Price Action: The recent price action shows the price holding above the support line of the pennant, indicating continued bullish momentum.
Buy Entry: Consider entering a long position around the current price of 2.0740, positioned near the support line of the pennant. This offers an entry point close to potential buying pressure.
Target Levels: Initial bullish targets lie at the following levels:
2.0900: This represents the height of the pennant, measured from the top to the bottom of the pennant, projected upwards from the breakout point.
2.1000: This is achieved by adding the height of the pennant to the breakout point (which coincides with the support line in this case). These targets act as potential resistance zones that could see buying pressure.
Stop-Loss: To manage risk, place a stop-loss order below the broken resistance line of the pennant, ideally around 2.0660. This helps limit potential losses if the price breaks down and invalidates the bullish pattern.
Thank you
Sell NZDJPY Channel PatternThe NZD/JPY pair on the M30 timeframe presents a potential selling opportunity due to the presence of a bearish channel pattern.
Sell Entry: Consider entering a short position around the current price of 91.65, positioned near the current price within the channel.
Target Levels: The initial bearish target lies at the 91.15 level, which represents the previous support line within the channel. Further downside targets could be determined using other technical analysis methods like Fibonacci retracements or extensions.
Stop-Loss: To manage risk, place a stop-loss order above the broken resistance line of the channel, ideally around 91.85. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Thank you.
Alikze → TOTAL3 | Completing wave 3 upIn time D1 and H8, it is moving in an ascending channel, which has now entered an ascending rally after an ascending cycle and a correction in the form of three waves, which is now in the ascending wave 3, which has the ability to reach certain areas. will have the This moving wave has so far returned 100% of wave 1, which has the ability to reach 1.272 and 1.618, and then, if corrected, it will enter corrective wave 4, and finally wave 5 can extend to at least the specified supply area.
The current wave can have two behavioral scenarios according to the supply area of the previous ceiling.
First scenario: pull back internally and continue the route
The second scenario: the failure of the supply and pullback area and the continuation of the path, which if this scenario is realized, should extend to the indicated Fibo areas.
-----------------
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.❤️
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 ) !!
Alikze → SHIB | Completing ascending micro waves 3According to the analysis of the previous post, it climbed to the supply area after the exit of the density. In the 12h time, after the support in the green box area, it is completing the 2 out of 3 microwaves. This current wave, with the support of the green box, has the ability to reach the supply area, and then the 0.78 Fibo target, and then the 0.00001401 target. had
Note: Note that there is a double correction in the weekly time that has been completed and is in ascending guard, which I will send step by step updates.
Analysis invalidity: below the green box area
🟩Sup:Green box
⛳️Tp 1:0.00001060 - 0.00001089
⛳️ Tp2 :0.00001178
⛳️ Tp3 :0.00001401
------------------
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.❤️
NDAQ - Make or Break SpotNDAQ Consolidating and is looking like it's in quite the make-or-break spot. Definitely will be keeping an eye on the Nasdaq and broader markets, the NDAQ has a double bottom off of the lower trendline, while simultaneously all other signs point bearish. Death cross on both the MACD as well as the 50-day SMA crossing below the 200-day SMA, accompanied by a bearish cipher as further confirmation of a trend. Just some support and resistance levels to keep an eye on in the interim, along with some RSI-based supply and demand zones, staying hedged, and staying cash.
Alikze → GBPAUD | Upward wave 5 scenarioIn time D1, it is moving in an ascending channel. Due to the type of double corrective behavior at the bottom of the channel, a motivational wave has been encountered, which after the failure of the supply zone will have the ability to grow to the next supply zone after the failure of Fibo 61.8. In the 5th wave, there is a motivation, which will be the minimum growth of the previous ceiling, and if the 5th wave is extended, it will be able to extend to the specified areas.
🟩Sup: 0.2930
⛳️Tp 1:1.953
⛳️ Tp2 :1.9653~1.9775
⛳️ Tp3 : 2.039
-----------------
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.❤️
XAUUSD │GOLD BULLS OR BEARS WHO WILL WIN? We continued to see that bull strength throughout the week. If the daily timeframe trend stays true, we will see price break the all-time high eventually but it is not resistance free rallying. We just tapped into a supply zone that caused a meltdown of 5%. Therefore, this psychological level will probably see some fighting between bulls and bears before it is broken. However, keep in the back of your mind that the four-hour timeframe is still bullish, just because we tapping into that strong zone doesn’t necessarily mean sell off, we will look to trade the pullback but will not assume a reversal until a break of four hour strong lows.
The 15 minute timeframe is still bullish I have yet to see a change of character but the candles printing are indicative of a pullback so we will monitor to see if prices indicates whether it wants to reverse or if it is just correcting before the next leg up.
The 5-minute timeframe is also still bullish but is printing lower highs while maintaining the high low, which is also indicative of a correction. I will need to see a break of structure lows to consider trading the pullback.
Final Thoughts
The big boys are net short on GOLD according to the COT data but a combined non-reportable, non-commercial and commercial are leaning towards bulls. However, as I always say, the trend is your friend and until I see my long-term timeframe structure violated I am assuming the market is just pulling back to continue bullish.
COT REPORT
www.tradingster.com
Alikze »» MBOX | Elliott wave 3 scenarioIn the 1W Timeframe, after exiting from the density and support in the green box, it currently has a suitable guard in view of Elliott's ascending wave 3 to continue the path, which will open the first red box in the first step, and if it fails, the ascending path will open for the next area. became.
»»»«««»»»«««»»»«««
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.❤️
Alikze → #DUSK | Major ceiling supportIt is moving in an ascending channel at time h4. With the breaking of the previous major ceiling, it is placed in a density which, if supported in the green box range, will have the ability to exit the density for the specified target and resistance. Otherwise, it will touch the previous floor.
🟩Sup: 0.2930
⛳️Tp 1:0.34
⛳️ Tp2 :0.3540 | 0.366
-----------------
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.❤️
Alikze → APE | Motivational wave 3 or CIn the 1W and 1D time, after a correction in the form of three waves, the bottom of the candlestick spike and 0.78 corrected wave A. Currently, it is in the motivational wave 3 or rising C, which is the minimum return to 100% of the previous wave in the range of 2.35. Short-term areas of the first supply area and medium-term areas of the second area will be accessible.
🟩Sup: 1.50 - 1.56
⛳️Tp 1:1.76
⛳️ Tp2 : 1.85
⛳️ Tp3 : 2.35 - 2.80
⛳️ Tp4 : 3.50
TimeFrame: 1W
-----------------
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.❤️
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.❤️
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.❤️
Alikze → USDT.D | Major ceiling supportTimeFrame: 1W
Dominance Tether has taken a corrective path after breaking the neck line and the dynamic trigger line, as well as the pullback. Currently, it is placed in the ceiling of the previous major, which is an important support zone for the continuation of the path. Two scenarios can be considered for it.
Scenario 1 : It should probably have a return to the range of 5.40 to 5.45 and after taking into account the downward momentum, this support should be broken, which can continue to correct after the pullback to the green gap box area.
Second scenario : If this return is broken up to 5.40 to 5.45, it should probably have a retest to the neckline, and then in case of a negative reaction, we will witness the continuation of the correction.
Note that this analysis is on a weekly basis and should be paid attention to in the medium term. Of course, we will try to carry out the necessary investigations in case of changes in behavior and structure.
Note that Dominance Tether's movements are opposite to Bitcoin's price movements. That is, every rise of Tether's dominance will correct Bitcoin and the market, and vice versa
-----------------
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.❤️
CheckDot CDT/USDPossible great buy zone for CheckDot for long term hold. This insurance projects marketcap is ONLY 1,4 Million. I think this project is vastly underated. I'm looking for 20-100x for this hold in a few years. Patience is needed.
If price breaks the 200EMA zone, I'll take my calculated risk and wait for next big opportunity around 13 cents OR buy back if price gets back on top of the 200EMA zone.
As long as we have a DEFI which is has crazy amount of hacks, insurance will play a big part I believe.
Last year 2022 investors lost 3,8 BILLION due to crypto hacking.. That's a ridiculous amount.
Remember as this is a really small marketcap crypto it is quite illiquid.
Lets also check few things from weekly and monthly charts
Alikze → KSM | Dynamic trigger supportIn daily and 4h time, it is moving while maintaining the dynamic trigger. Targets will be available if it stabilizes above $40. In the 4-hour time, maintaining $40 will conquer the $45 area, and in the daily time, with the break of the $45 range, the path for the next area, as well as the supply area of the previous major ceiling, and then the most important resistance to reach the ceiling of the channel will be the $50 range. .
🟩Sup: 40$
⛳️Tp 1:45
⛳️ Tp2 :50
⛳️ Tp3 : 85
-----------------
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.❤️
XAUUSD BUYXAUUSD ( Gold ) has been trading bullish for a long time. Many triangle pattern are forming on both short and long term time frames. I am setting a position below the triangle pattern and expecting a clear retail stop. My position is based on news reports soon be released and a strong technical view on the market.