SOL/USDT Trade Setup: Awaiting Resistance Breakout Confirmation""Currently observing SOL/USDT on the 4-hour chart. The price is testing the resistance zone around $231.45. I am waiting for a clear breakout above this resistance level with strong volume confirmation before entering a long position. My target would be the next resistance area around $262.69, with a stop-loss placed near $214.06 to manage risk. If the breakout fails and price gets rejected, I will re-evaluate the trade setup and wait for a better opportunity."
Supply and Demand
CHART BREAKDOWN GBPUSD: Key Levels, Targets and Thoughts!Brief Description🖊️:
The chart provides insights into critical market levels, emphasizing 1 essential supply zone: low-risk sell zone spanning from 1.27800 to 1.27940, respectively, is highlighted.
Things I Have Seen👀:
Important Supply Zone🟢: Identified between 1.27800 and 1.27940 serving as a low-risk SELL.
Bearish Targets📉:
1.27700: Possible retracement area.
1.27200: Possible retracement area.
1.26500: Possible retracement area.
1.25500: Possible retracement area.
What's Important Now❗
Currently, the crucial approach is to wait and observe the price action at this level. We need to assess how the market reacts before considering any decisive moves. Stay observant and responsive to real-time developments in the market.
CHART BREAKDOWN NASDAQ: Key Levels, Targets and Thoughts!Brief Description🖊️:
The chart provides insights into critical market levels, emphasizing 1 essential demand zone: low-risk buy spanning from 21,700.00 to 20,660.00, respectively, is highlighted.
Things I Have Seen👀:
Important Demand Zone🟢: Identified between 21,700.00 and 20,660.00, serving as a low-risk buy.
Bearish Targets📈:
21,800.00: Possible retracement area.
21,950.00: Possible retracement area.
22,200.00: Liquidity Area.
What's Important Now❗
Currently, the crucial approach is to wait and observe the price action at this level. We need to assess how the market reacts before considering any decisive moves. Stay observant and responsive to real-time developments in the market.
CHART BREAKDOWN XAUUSD: Key Levels, Targets and Thoughts!Brief Description🖊️:
The chart provides insights into critical market levels, emphasizing a essential supply zone: low-risk sell zone spanning from 2661.00 to 2664.00, respectively, are highlighted.
Things I Have Seen👀:
Important Supply Zone🟢: Identified between 2661.00 and 2664.00 serving as a low-risk sell.
Bearish Targets📉:
2659.00: Possible retracement area.
2655.00: Possible retracement area.
2649.00: Possible retracement area.
2640.00: Possible retracement area.
2613.00: Liquidity area.
What's Important Now❗
Currently, the crucial approach is to wait and observe the price action at this level. We need to assess how the market reacts before considering any decisive moves. Stay observant and responsive to real-time developments in the market.
Trade Update: EURJPY Short PositionI entered this short trade yesterday after price rejected the strong resistance level at 161.927. Price has moved as expected, and today I’ve secured profits by moving my stop loss to breakeven, making this trade risk-free at a 1:2 risk-to-reward ratio.
Key Notes:
Entry: Resistance rejection at 161.927
Stop Loss: Adjusted to breakeven (Risk-free trade)
Target: Open for further downside potential.
Trade Update: CADJPY Short PositionYesterday, I opened this short position on CADJPY based on a clear resistance level at 108.151. After a strong rejection, price moved down in line with my expectations.
Today, I’ve secured some profits and moved the trade to risk-free at a 2:1 risk-to-reward ratio. My stop loss has been adjusted to breakeven, and I’m monitoring for further downside continuation.
Key Notes:
Entry: Resistance rejection at 108.151
Stop Loss: Breakeven (Risk-free trade)
Target: Still open for further potential downside.
USDCAD OUTLOOKOn the 12 months chart, price shows an impulsive bearish move that took 6 years to complete. In tandem with price action, the bullish correction that is currently active has taken 14 years. Price is yet to contact a fresh long-term supply sitting at 1.544.
On the monthly and weekly charts, the structure is still the same. Price is seeking to contact a short term fresh supply at 1.44.
Once this region is contacted, we are likely to see bearish order flow setting in
Nasdaq Futures Correction? Key Zones and StrategiesGet ready to capitalize on Nasdaq futures opportunities this Tuesday, December 17, 2024! 📊 In this detailed analysis, we cover:
✅ Overall Market Trend: Nasdaq remains bullish, but could we see a correction? We highlight critical zones to watch.
📉 Short Strategies: Key areas like 22,185 with precise targets and setups for potential short entries.
📈 Long Opportunities: Scenarios for continuation, including key breakout zones and reactions in liquidity areas.
Learn how to react to price movements, identify high-probability zones, and plan your trades effectively. This video is packed with actionable strategies for both shorts and longs!
🔗 Subscribe to the channel for daily market analysis, proven strategies, and exclusive trading content. Don’t miss it!
DPZ - An excellent buying opportunity?Clearly they're doing something right - with their impending move toward a more tech-sentric NASDAQ and bullish sentiment from fresh investors like Warren Buffet - DPZ is almost too big to fail and food does not get replaced by any emerging sector (at least pizza doesn't) and as the largest pizza chain in the world, they're set up for success and are proving it in their reports.
Technically, as you'll see in the video, we've been setting up very nicely on a HTF for a large-scale breakout and are just digging for some more bulls to sustain a larger move. Within our very controlled white selling algorithm, we are right where we want to be as we build a higher base and we attempt to head for ATH with a stronger base of buyers.
Trade at your level and always do your own analysis - this is just my way of reading the market and sharing some education on how you can do it yourselves irrelevant of the specific stock. You've all seen me be wrong on positions at different times and that's why I'm always managing my risk and preparing my trades for execution at areas that I pre-identify.
Happy Trading all :)
Reading Price Action to Tell a Chart's (Liquidity) StoryUsing Domino's Pizza in this case I want to show you how simple and practical it is to find important levels and to understand why price is doing what it's doing at a certain level. If we can map out where we are going to have to put a fight, and know why we are going to put up a fight (i.e. buyers or sellers, who needs what to win the fight, who is building liquidity and in control on a certain time frame) --> Then there is no reason why we shouldn't be able to identify solid trade opportunities and take them when they're given. If we are wrong on an analysis (i.e. we lose money on the trade), it's either that you're executing trades on a different time frame than your analysis is telling you to or there is something about your analysis that is wrong or not effective enough.
DPZ Analysis coming next..
Happy Trading :)
Intraday Levels for Nasdaq 100 Futures - 12/17/2024This analysis focuses on the Nasdaq 100 Futures, aiming to identify potential support and resistance levels where the price could experience intraday bounces or trend reversals, as well as zones where the price might potentially break higher or move lower.
Considerations
The range used in this analysis serves only as a reference for broader-level insights.
For intraday operations, it is advisable to utilize a lower timeframe to refine entry and exit points more accurately.
To confirm the validity of these levels, it is essential to evaluate real-time conditions as the price approaches these zones. Factors such as pressure, trading volume, and Order Flow will play a critical role in determining whether these supports hold or are likely to be broken.