NEARUSDT. Buying opportunitiesHello traders and investors!
If you are looking to buy, I suggest considering NEAR. I believe there is a good potential for growth of 20-40%.
Daily Time Frame
On the daily time frame, the price has formed a sideways range that started in March. The upper boundary is at 8.52, and the lower boundary is at 4.279.
The price has touched the lower boundary twice. The second interaction, which occurred on August 5, was marked by impressive volume, which was absorbed by the buyer on August 13, pushing the price back into the range. This candle was pivotal (the largest volume, marked with “KC” on the chart) in the seller’s impulse, which forms vector 4-5 of the range. By absorbing this candle, the buyer established a buying zone (green rectangle on the chart) from which buyer's vector 5-6 started, with a potential target of 6.89.
The buyer faces a significant obstacle beginning at the 50% level of the last seller's impulse, at 5.798. At this same level, a seller’s zone (red rectangle on the chart) has formed, and the level 5.798 is the start of the last sub-impulse of the seller's last impulse.
Interestingly, the last sub-impulse of the buyer started at the 4.000 level (low of the sub-impulse at 4.000, high of the sub-impulse at 6.489), and on August 5, liquidity was taken below the 4.000 level.
4-Hour Time Frame
There is a long trend. The starting level of the buyer's last impulse is at 4.738. A seller's zone formed at the end of this impulse. Currently, the buyer is testing this zone. If the price returns to 4.738 and the buyer defends this level, there may be buying opportunities, as the seller resumed action from the seller’s zone at the end of the impulse (meaning the zone has been tested), and the seller could not defeat the buyer at the beginning level of the last impulse.
Buying Strategy
It makes sense to look for buys from the daily candle of August 23, which showed a surge in volume. The targets are 6.000 and 6.489.
Good luck with your trading and investments!
Supply_and_demand
Euro can rebound up from buyer zone to 1.1190 pointsHello traders, I want share with you my opinion about Looking at the chart, we can see how the price hit the support level, broke through it, but then quickly turned around and dropped to the lower part of the range. After that, the EUR reversed and bounced back up to the 1.0960 level, broke it again, exiting the range, and then climbed to the resistance line. The price then reversed and made a correction move to the support line, after which it started to rise near this line to the current support level. When the Euro reached this level, it broke through and kept rising until it hit the resistance line, but not long ago it turned around and made a correction move to the buyer zone. Right now, the price is trading near this zone, and I think the EUR might drop to the buyer zone before rebounding up. So, that's why I set my TP at 1.1190 points. Please share this idea with your friends and click Boost 🚀
MATICUSD tested the June 2022 Historic SupportMATICUSD has reached a demand zone last tested in June 2022. The market formed a long-tailed bar on the weekly timeframe, signaling a rejection of this level and the potential for a bullish move. Additionally, it broke and closed above the accumulation zone, which is another encouraging sign. If the price stays above the 0.400 level, the market could rise to retest the resistance. There’s potential for a breakout from the channel, continuing its bullish trend. Pay attention to the August close, as the monthly chart is shaping another significant long-tailed bar. The target is the resistance at 0.500
XAGUSD. Trading opportunity Hello traders and investors!
I reviewed the assets and highlighted silver as an interesting opportunity for trades next week. For example, in gold, on the daily timeframe, the price has broken out of a range, and it’s hard to predict how far it will go. In silver, the targets are clearer.
Weekly Timeframe
On the weekly timeframe, there’s a bullish trend. The last upward impulse started from the 17.559 level. The most recent sub-impulse within that impulse began at the 26.0185 level. At the end of the impulse, a seller's zone formed after the seller absorbed a buyer's candle with growing volume, which has already been tested by the buyer—the test level is 29.2285 (seller's zone marked by a red rectangle on the chart). The seller's candle at the test level had the highest volume in a year, but the result was just a shadow: the body of the candle couldn’t close below the shadow of the previous candle. The latest weekly candle, with falling volume, absorbed the seller’s candle. This indicates that although the seller tried to resume the downward movement from their zone, they have been unsuccessful so far.
Daily Timeframe
On the daily timeframe, the price has formed a range that began in April. The upper boundary is 32.5185, and the lower boundary is 26.0185.
The seller’s 7-8 impulse has played out, and now the buyer's 8-9 impulse is active, with a potential target of 31.755. A buyer's zone has formed at the base of the new 8-9 buyer’s impulse after the buyer absorbed the seller's candle from August 5th, which had growing volume (buyer’s zone marked by a blue rectangle on the chart). Note the volume of the seller’s candle from August 5th—it’s the highest in several months.
Thus, on both the weekly and daily timeframes, the priority is on buying .
There are obstacles on the buyer's path that need to be monitored. The first obstacle is the start of the last sub-impulse in the seller's 7-8 impulse (29.2285), and the second obstacle is the previous weekly high (30.1365), where a seller's zone has also formed.
Buying Strategy
For trade setups, you could consider the 4-hour timeframe. On this timeframe, the price has formed a range with an upper boundary of 29.2285 and a lower boundary of 26.4710.
You could, for example, look for buying opportunities from the buyer’s defense of the lower boundary of the range or after a breakout to the upside and the buyer's defense of that breakout.
Trade idea - AUDCAD Long4H
Bullish impulse: indication.
Pattern within pattern: confirmation.
Inverse Head & Shoulders pattern + Bullish Fake Out flag pattern.
Clear support & resistance zone is there.
-68 Fibonacci completion aligning with entry zone.
Corrective approach towards entry zone.
= Buy limit.
1% risk.
RBA Gov Bullock speaks at 1.30 AM. Be aware.
$GBPUSD | Sell Trade H4 | Execute & Sell Limits |Technical Confluences:
- Price action is between a 50 - 61% Fibo retracement range
- Horizontal trendline coincides with the 61% Fibo retracement levels
- Price is also at a Supply Zone range
- Stochastics on the H4 is in Overbought conditions
Fundamental Confluences:
- Market is reeling with the optimism of incoming FED cuts but FED seems to feel differently based on the few FED speaker's speeches
- The riots in the UK will definitely have some economic drag on the GDP
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Will be executing my 1st sell entry into FX:GBPUSD and set Sell Limit orders as show in the charts.
Targeting to TP approximately half the position at the 38% Fibo Extension levels (in blue) and move my SL levels to B/E.
Full TP are the 61%/78% Fibo Extension levels.
Remember, DYOR.
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If you have any ideas or charts, do share them in the 'Comments' section below and we can discuss our perspectives to improve or strengthen our strategies.
If you want something analyzed, do drop me a DM. :D
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Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks. DYOR.
XAUUSD - Resistance Sell Short Term, Long Term BuysXAUUSD is trading at key areas, this is a great time to intra-day trade gold.
Personally i'm waiting for XAUUSD to either breakout at the higher level, there i would be looking for new key zones to trade off, or reject the key level and drop down to the support zone.
I believe dropping to the support zone will happen, regardless if the market breaks out above, as there is non liquidation candle sticks near the lower key resistance level that will be tapped given enough time.
Bullish Reversal on USD/JPY"Based on the demand and supply zones strategy, we anticipate a bullish reversal in USD/JPY. After a significant downward movement, the price has reached a key demand zone, where buyers typically step in, creating upward pressure. Historically, these zones have acted as strong support, leading to substantial rebounds. Current market sentiment, combined with the oversold condition, suggests that buyers will overpower sellers, pushing the price upwards. This spike is likely to gain momentum as more traders recognize the opportunity and enter the market."
"Please note that the information provided is for educational purposes only and should not be considered as financial advice. Market predictions are inherently uncertain, and trading involves risk. I am not responsible for any financial losses or damages that may result from trading decisions based on this analysis. Always conduct your own research or consult with a professional financial advisor before making any investment decisions."
Alikze »» XAUUSD| Reverse pattern🔍 Technical analysis: Reverse pattern
- It was mentioned in the 1H time frame according to the analysis presented before . that wave C can extend as a three-wave or five-wave to the green box range target.
- As you can see, wave C has corrected in three waves and accelerated to the green box.
- Currently, there has been a return wave after creating demand in the green box.
- Considering that it has had a three-wave correction up to the golden zone, it can be expected to have a movement cycle up to the 0.78 Fibo range.
💎 In addition, in case of failure of Fibo 0.78, it can advance to the specified supply area.
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OANDA:XAUUSD
SP500 1D | PlanThe reaction and closes of the price in the current area are very important. A close above the 200 EMA and DO within a few days is crucial. If the price fails to recapture the dark blue box as I indicated, I expect to see the price action, brush movement I have drawn below. The area of the purple box where MO and pMO are located will be the target.
Happy Trading
SUPPLY AND DEMAND / LIQUIDITY CONCEPTIn this analysis we are focusing on (4H) Time frame for XAUUSD. Here we have two condition. First we are looking for sell and then we are looking for buy from the demand zone. Now we will wait where price go first, if price go first toward supply zone then we look for sell. But in second condition if price go first toward the demand zone then we look for buy. These are the levels of buying and selling. Let's delve deeper into these levels and potential outcomes.
This is just my prediction and analysis.
Alikze »»TIA | Movement in the descending channel🔍 Technical analysis: Movement in the descending channel
- It is moving in a downward channel in the daily and 4H time frames.
- It is located in the middle of the channel and within the liquidity zone. If it can be placed above the region and the middle of the channel, it can retest the ceiling of the supply range channel.
- The most important resistance for an upward trend is the $12.5 range.
- By breaking the $12.5 range, it can have an upward trend. Otherwise, the downward trend will continue.
💎 Alternative scenario: If selling pressure is encountered in the current range and the middle of the channel, the first downward target will be the bottom range of the channel and then the target of 6.25.
💎 In addition, if this channel is broken, it can touch the green box area as much as the width of the channel.
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Alikze »» XAUUSD| Movement in the descending channel🔍 Technical analysis: Movement in the descending channel
- Gold is moving in a descending channel in the 1H time frame.
- It has had several reactions to the ceiling and floors, and now it has faced demand again by hitting the floor trigger.
- It created an OB on the bottom of the channel, which reacted to it after coming into contact with the supply area. - According to the ascending guard, it can have an upward correction movement up to the ceiling of the 2406 range channel.
💎 Also, if it breaks the red box area downwards, it can test the 2353 range.
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OANDA:XAUUSD
Sell USD/CAD Channel BreakoutThe USD/CAD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours.
Key Points:
Sell Entry: Consider entering a short position around the current price of 1.3813, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 1.3775
2nd Support – 1.3748
Stop-Loss: To manage risk, place a stop-loss order above 1.3855. 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.