GBPUSD Long 11/10/2024Asset Class: Forex
Income Type: Weekly
Symbol: GBPUSD
Trade Type: Long
Trends:
Short Term: Down (1H, 4H)
Long Term: Up (Daily)
Set-Up Parameters:
Entry: 1.30616
Stop: 1.29970
TP1 1.32519 (3:1)
Trade idea:
4h DBR at breakout,
Downtrend Reversal to Uptrend
RSI oversold and showing strong Divergence.
!!Be aware of pending Economic Reports. If price is within 20 pips of proximal value at time of major impact report, then Confirmation entry.
Trade management:
**When price hits 1:1 or T1, consider moving stop to entry in case of pullback.
**Disclaimer**:
The trading strategies, ideas, and information shared are for educational and informational purposes only. They do not constitute financial advice or a recommendation to buy or sell any securities, currencies, or financial instruments. You should do your own research or consult with a licensed financial advisor before making any trading decisions. The author assumes no responsibility for any losses incurred from following these trading ideas.
Supply_and_demand
ASPI LONG 11/10/2024Asset Class: Stocks
Income Type: Daily
Symbol: ASPI
Trade Type: Long
Trends:
Short Term: Up
Long Term: Up
Set-Up Parameters:
Entry: 2.82
Stop: 2.67
TP1 3.26 (3:1)
Trade idea:
1h RBR at breakout, and within a FVG
Uptrend continued
!!Be aware of pending Economic Reports. If price is within 20 pips of proximal value at time of major impact report, then Confirmation entry.
Trade management:
**When price hits 1:1 or T1, consider moving stop to entry in case of pullback.
**Disclaimer**:
The trading strategies, ideas, and information shared are for educational and informational purposes only. They do not constitute financial advice or a recommendation to buy or sell any securities, currencies, or financial instruments. You should do your own research or consult with a licensed financial advisor before making any trading decisions. The author assumes no responsibility for any losses incurred from following these trading ideas.
XAUUSD / TRADING INSIDE SUPPLY ZONE / 1HXAUUSD / 1H TIME FRAME
HELLO TRADERS
Current Supply Zone ,The price is trading between $2,652 and $2,639, which is identified as a sell zone. This range suggests a likelihood of downward price movement as long as the price stays within this zone.
If the price remains in this range, it is expected to decline to the demand zone, which is between $2,610 and $2,604.
This would indicate potential buying opportunities, as the demand zone typically reflects areas where buying interest might emerge and support the price.
If the price breaks and stabilizes above the $2,652-$2,639 zone, it suggests an increase in price.
In that case, the price is likely to target the next supply zone between $2,668 and $2,685, signaling further upward momentum.
The overall tone of the analysis indicates that the market is under bullish pressure, meaning that the expectation is for price increases unless the bearish scenario plays out.
Supply Zone : 2,652$ and 2,639$ , 2,668$ and 2,685$.
Demand Zone : 2,610$ and 2,604$.
BTCUSDT. Trading opportunityHi traders and investors!
Update on the Bitcoin situation.
Daily Timeframe
On the daily time frame (TF), the seller's candle with increased volume did not yield results relative to the wick of the previous candle.
Hourly Timeframe
On the hourly TF, there is a range, and the buyer is defending the lower boundary of the range at 59,828. The current buyer's vector is 5-6, with a potential target of 63,468 (64,478). The key candle (the one with the highest volume) in the seller's vector 4-5 is at the bottom of the vector ("KC" on the chart), and it was absorbed by the buyer.
Highlights
Based on both the daily and hourly TFs, the current priority is to look for buying opportunities.
Threats to the buyer:
The level marking the start of the seller's last sub-impulse on the hourly TF is 61,321, which is also the high of the last daily candle.
There's also a seller's zone (red rectangle on the chart), with the lower edge at 62,326.
Sell EUR/AUD Triangle BreakoutThe EUR/AUD 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 1.6280
Target Levels:
1st Support – 1.6192
2nd Support – 1.6152
Stop-Loss: To manage risk, place a stop-loss order above 1.6330. 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 »» 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
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
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!
EURUSD / UNDER FOMC PRESSURE / 4HEURUSD / 4H TIME FRAME
HELLO TRADERS
The price has declined by 60% after breaking out of a channel .
Currently, the price is approaching a demand zone between 1.093 and 1.091. This zone is where buyers may step in, stabilizing the price.
If the price stabilizes within this demand zone, it is expected to bounce up to the FVG between 1.098 and 1.102. The FVG represents a gap in the price where there was little trading, which often acts as a price target for retracement.
If the price breaks through the FVG, it could rise further, targeting the supply zone between 1.105 and 1.108, where sellers may re-enter the market and apply downward pressure.
On the downside, if the price fails to hold in the demand zone (1.093 to 1.091), it may decline further to another liquidity or demand zone around 1.088, where buying interest could once again materialize.
Supply Zone : 1.105 and 1.108.
Demand Zone : 1.093 and 1.091.
FVG : 1.098 and 1.102.
USDJPY / TRADING ABOVE DEMAND ZONE AND FVG / 4HUSDJPY / 4H TIME FRAME
HELLO TRADERS
Current Price Action , Prices are currently trading below the supply zone between 148.623 and 149.360 , The next target seems to be the demand zone (A) between 147.164 and 146.062.
Potential Outcomes , If prices reach the demand zone (A) and hold above it, a bullish reversal may occur, potentially pushing prices back toward the supply zone ,If prices break below demand zone (A), they may drop to the Fair Value Gap (FVG) zone (B) between 145.321 and 144.268.
Further Movements , If prices stabilize below zone (B), the next targets would be zone (C) around 142.817 and further down to 141.801 , Conversely, if prices stabilize above demand zone (A), it indicates potential upward momentum, aiming back toward supply zone 148.623 to 149.360.
Supply Zone : 148.623 and 149.360.
Demand Zone : 147.164 and 146.062 , 142.817 and 141.801.
FVG :145.321 and 144.268.
XAUUSD / BREAKOUT CHANNEL / 4HXAUUSD / 4H TIME FRAME
HELLO TRADERS
You’re observing a bearish trend, meaning prices are moving downward or are under selling pressure. This could be due to various factors such as a correction after an uptrend, external market conditions, or the asset hitting resistance zones.
The Fair Value Gap (FVG) is a price range that was quickly passed through during a previous move, creating an imbalance in market orders (usually between aggressive buyers and sellers). These gaps often act as key levels of interest where prices may retrace.
FVG Resistance Zone: You have identified an FVG between $2,621 and $2,637. As long as the price stays below this range, it indicates bearish sentiment and the likelihood of further decline ,This gap can act as a resistance zone, meaning price is struggling to rise above it due to strong selling pressure in that range.
If the price fails to break above the FVG resistance zone, you expect it to continue declining, with targets at:
Demand Zone $2,604 to $2,595: This is an area where buyers previously stepped in, causing prices to rise. It acts as support and a potential reversal point. If the price reaches these levels, you expect some buying interest to potentially stabilize or reverse the trend.
However, if the price breaks below the $2,595 support level, it could signal a deeper bearish move.
If the price manages to break above the FVG (i.e., trades above $2,637), this would suggest a potential bullish reversal or upward momentum, leading to the next key levels:
Supply Zone $2,645 to $2,652, This is where sellers previously overwhelmed buyers, and price dropped. Reaching this zone could lead to consolidation or resistance unless there is enough buying power to push through.
Uptrend Confirmation , To confirm a more sustained uptrend, the price needs to break above the $2,652 level. A successful breakout here could lead to a move toward the next target of $2,664.
BITCOIN / UNDER BULLISH PRESSURE / 1HBITCOIN / 1H TIME FRAME
HELLO TRADERS
Overall Bullish Pressure , The market is expected to generally favor upward movement.
Key Resistance Level - 62,413 , If Bitcoin remains below this level, it indicates potential bearish momentum, pushing the price toward a demand zone between 61,251 and 60,717. A break below this zone could signal further declines.
KeySupportLevel62,413 , Conversely, if Bitcoin trades above 62,413, bullish momentum is expected, with the price potentially rising to an FVG (Fair Value Gap) area between 63,077 and 63,557.
Further Upside , A break above the FVG area could see the price rising into the supply zone between 63,889 and 64,165, where selling pressure may increase.
Supply Zone : 63,889 and 64,165.
Demand Zone : 61,251 and 60,717.
FVG : 63,077 and 63,557.
NAS100USD / UNDER DOWNWARD PRESSURE / 1HNAS100USD / 1H TIME FRAME
HELLO TRADERS
Price Range Observation , The asset is currently moving within a tight range between 19.908 and 19.651. This range suggests a short-term consolidation or indecision in the market, where neither buyers nor sellers are dominant.
Tight trading ranges often precede a breakout, either upwards or downwards, depending on key factors like volume, momentum, and news.
Attempt to Enter the Fair Value Gap (FVG) ,The price is attempting to move into the Fair Value Gap (FVG), a region between 19.910 and 20.078. This area represents an imbalance created by previous fast price action, typically due to market inefficiencies, and traders often look for price to revisit these gaps to either confirm a reversal or fill the gap.
As long as the price trades below 19.998 within this FVG, there’s a tendency to decline. This indicates that 19.998 acts as an important resistance.
Traders may look for short positions if the price remains below this level, anticipating a potential drop.
Potential Decline to Demand Zone , If the price remains under the key resistance level of 19.998, the analysis suggests a downward move toward the demand zone between 19.743 and 19.701 , This demand zone is likely an area where buyers previously showed strength, and there’s a chance that it could serve as a support level again. If buyers step in here, the price may stabilize or rebound.
Bullish Breakout Scenario . If the price breaks above 19.998 and closes a 4-hour candle above this level, it indicates the possibility of a bullish breakout. The break above resistance signifies a potential shift in momentum.
The next target would be the supply zone between 20.078 and 20.155, which is where sellers may start to exert pressure. Traders might expect profit-taking or a reversal in this area.
Overall Sentiment , Downward Pressure: The overall sentiment remains bearish, and the market is facing downward pressure unless the price successfully breaks above key resistance levels.
Caution for Bullish Traders , Bullish traders need to wait for clear confirmation of a breakout above 19.998 before entering long positions to avoid false signals.
Supply Zone : 20,078 and 20,155
Demand Zone : 19,743 and 19,701
FVG : 19,910 , 20,078
XAUUSD / TRADING ACCUMULATION ZONE / 1HXAUUSD / 1H TIME FRAME
HELLO TRADERS
Zone A (2,659$ - 2,653$) , The price is currently attempting to stabilize within this range.
If stabilization occurs, it suggests a potential breakout to reach the demand zone (2,631$ - 2,623$).
Demand Zone (2,631$ - 2,623$) , If the price breaks below Zone A, this demand zone is the next target , A breakout from this zone could lead to a rise towards Zone B.
Zone B (2,664$ - 2,672$) , If the price breaks into Zone B, remaining stable suggests a potential decline back to Zone A and possibly lower to the demand zone , However, if the price breaks above Zone B, it may aim for Zone C.
Zone C (2,681$ - 2,685$) , A breakout above Zone C could lead to further increases, but stabilization here may result in a decline back to Zone B or lower to Zone A.
Historical Zone (2,700$ - 2,710$) , Breaking the key resistance levels could indicate a move towards this new historical range, suggesting bullish sentiment.
Supply Zone : 2,659$ - 2,653$ , 2,664$ - 2,672$ , 2,681$ - 2,685$.
Demand Zone : 2,631$ - 2,623$.
Alikze »» FTM | Wave 3 or C super cycle scenario - 2D🔍 Technical analysis: Wave 3 or C super cycle scenario - 2D
- In the analysis presented in the previous post in the weekly time frame, it was mentioned: it is suspicious of a head and shoulders pattern.
- So far, according to the previous analysis, the first target (supply zone) has been touched and it is currently above the target zone.
- In the analysis presented in the 4-hour time frame, it had a zigzag pattern, which is in wave one of three.
- In the daily time frame, it is located in an ascending channel, the previous corrective wave was able to form a reversal pattern in the range of 0.23 fibo.
- Therefore, I expect that it will face demand in the Buyer Zone and continue its growth with the failure of the middle of the channel up to the ceiling of the ascending channel.
In addition, after breaking the ascending channel, it will have the ability to reach the red box area (supply area).
So this bullish wave is wave 3 or big C, which will have the ability to grow up to the indicated ranges.
💎 Alternative scenario: If the Buyer Zone is broken and stabilizes below it, it can touch the 0.23 Fibo range again.
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OKX:FTMUSDT
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!
XAUUSD / UNDER TENSTION IN THE MIDDLE EAST / 1HXAUUSD / 1H TIME FRAME
HELLO TRADERS
The text refers to the NFP (Non-Farm Payroll) news, which typically has a strong influence on the financial markets. In this case, it states that after the NFP announcement, gold prices declined by 0.45%. This indicates that the market reacted to the news with a short-term bearish movement, likely due to positive employment data leading to expectations of tighter monetary policy.
Current Price , Gold is currently trading above an FVG (Fair Value Gap) area, specifically around $2,648 to $2,644. An FVG is a technical term often used to indicate areas where the price may have gaps or imbalances from previous trading activity, often suggesting potential price support or resistance.
As long as the price remains above the FVG, the text suggests a bullish continuation, with gold possibly increasing towards a supply zone between $2,664 and $2,670. If gold breaks above this supply zone, the text predicts that it could reach ATH (All-Time High) levels at $2,685.
On the other hand, if gold breaks below the FVG area, with confirmation from a 4-hour candle close, the text predicts a decline towards a demand zone between $2,631 and $2,623. This would indicate a shift in sentiment to a more bearish outlook in the short term.
The overall sentiment is bullish as long as prices stay above the demand zone and within the mentioned price ranges. The range of $2,685 to $2,623 is key to monitor, with any move beyond these levels signaling potential continuation or reversal of the current trend.
Supply Zone: 2,664$ and 2,670$.
Demand Zone: 2,631$ and 2,623$.
FVG: 2,648$ and 2,644$.
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