Supply Zone
✅SILVER SWING LONG🚀
✅SILVER is approaching a
Strong support level of 22.2$
So despite some bearish vibes
That we are catching from
Silver I still think that we
Will see a bullish rebound
LONG🚀
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BITCOIN Can we go for a short position?BTC chart and divergence shows a little downtrend and I think area of 25,000 and 23,000 is good place to decide to uptrend or same as downtrend , It depends on smart money will support that are or not?!
✅GBP_NZD LONG FROM SUPPORT🚀
✅GBP_NZD is about to retest a key structure level of 2.035
Which implies a high likelihood of a move up
As some market participants will be taking profit from short positions
While others will find this price level to be good for buying
So as usual we will have a chance to ride the wave of a bullish correction
LONG🚀
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GBPUSD SELL SETUPGBPUSD is still in a downtrend and I am currently on the trade shown in the chart. If the setup aligns with you, feel free to jump in with proper risk management.
Educational Advice Only....
Unlocking the Next Bull CycleBitcoin's journey is often marked by key technical levels, and its monthly chart has a fascinating story to tell. The 0.5 Fibonacci retracement level from the All-Time High (ATH) has historically acted as a formidable resistance. Today, we find ourselves at a crucial juncture, echoing the past. To embark on a new bullish cycle, we need to conquer the 50K milestone.
Historical Significance of the 0.5 Fibonacci Level:
The 0.5 Fibonacci retracement level is a significant technical marker on the monthly Bitcoin chart.
It represents a retracement halfway from the ATH to a significant low, signifying a pivotal point in the asset's price history.
Historically, this level has posed a challenge for Bitcoin bulls, often requiring considerable momentum to breach.
The 50K Milestone:
As we observe the current market dynamics, it's evident that we're in a situation reminiscent of the past.
The 50K level is not just a psychological barrier; it's also in alignment with the 0.5 Fibonacci retracement.
Breaking above 50K could signify a new era for Bitcoin, potentially initiating a fresh bullish cycle.
What to Watch For:
Monitor Bitcoin's price action closely as it approaches the 50K level.
Look for signs of strong buying pressure, increased trading volumes, and positive sentiment in the crypto community.
Be aware of potential retracements or false breakouts; these are common in the crypto market.
The Bigger Picture:
While breaching 50K is a significant milestone, it doesn't guarantee an immediate and sustained bull run.
Consider the broader market context, macroeconomic factors, and institutional involvement in your analysis.
Diversify your trading strategy and have risk management measures in place.
Conclusion:
The 0.5 Fibonacci retracement level has historically held the monthly Bitcoin chart in check. Now, as we approach the 50K level, we stand on the precipice of a potential new bullish cycle. However, history reminds us that we must tread cautiously and stay vigilant.
Breaking through 50K could usher in a wave of optimism, but it's essential to be prepared for various market scenarios. Keep a close eye on the charts, follow market sentiment, and, most importantly, manage your risks wisely.
The crypto market is full of opportunities and challenges. It's a thrilling journey, and every milestone reached is a testament to Bitcoin's resilience and potential for growth. 🌟📊🧐
STRONG AREA OF SUPPORT ON THE DAILY GU LONGWaiting for price to hit the daily support line to go long on GU
CADJPY - Waiting For The Bears!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
on H4: Left Chart
CADJPY has been overall bullish trading inside the rising channel in orange, however it is currently approaching around the upper trendline.
Moreover, the zone 109.0 is a strong supply. So we will be looking for sell setups on lower timeframes.
on H1: Right Chart
CADJPY formed a valid channel in red but it is not ready to go yet.
For the bears to take over, we need a momentum candle close below the last high marked in gray.
In this case, we will expect a shift in momentum from bullish to bearish.
Meanwhile, until the sell is activated, CADJPY would be overall bullish and can still trade higher inside the resistance.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
GBPUSD still valid for a SELLGBPUSD is still in a downtrend but currently consolidating. Expecting more push to the downside although future price action will determine.
Educational Advice Only...
EURUSD still valid for a SELL?EURUSD is currently consolidating but the trend of the market is still bearish. Sell setups are still valid although future price movement will determine.
Educational Advice Only...
GOLD Local Bearish Bias! Sell!
Hello,Traders!
GOLD is trading in a downtrend
But made a bullish correction
After which it hit a horizontal
Resistance of 1930$ and is
Already making a move down
So I think that Gold
Will keep falling
Sell!
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Check out other forecasts below too!
USDCHF - Looking For Sell Setups ↘️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
USDCHF has been overall bullish trading inside the rising channel in red, however it is currently approaching around the upper trendline.
Moreover, the zone 0.9 is a strong supply.
🏹 So the highlighted red circle is a strong area to look for sell setups as it is the intersection of the blue supply and upper red trendline acting as a non-horizontal resistance.
As per my trading style:
As USDCHF approaches the orange circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
GBPUSD TRADE BREAKDOWNI don't trade the news, I trade after the news.
Trading during the news is more like gambling. Conflict in price direction.
Educational Advice Only.
EURUSD TRADE BREAKDOWNI don't trade the news, I trade after the news.
Trading during the news is more like gambling. Conflict in price direction.
Educational Advice Only.
#Gold selling opportunityside way corrective move in gold after rejecting from #Bearish_trendline suggesting further possibility of downside move.
price testing Supply area and also failing to close above previous short-term High which coinciding with 200 EMA in 4H time frame, all together creating bearish cluster for price which gives us high probability short position opportunity.
GBPUSD SELL SETUPGU is still valid for a sell.
I will wait for a break of the demand zone.
Educational Advice Only
EURUSD SPECULATIONI have a sell bias on EU but currently price is ranging. I will do nothing unless i see price at the demand zone or the next supply zone.
Educational Advice Only.
