GBPAUD to the moon?Taking a long position on GBPAUD, main reasons being:
- BoE holding interest rates for now and less rate cuts are expected next year, could drive more institutions to hold GBP and increase it's value
- AUD are trade partners with China who are experiencing significant economic instability
- COT traders are 57% long on GBP (+2.14% compared to last week)
- COT traders are 52% long on AUD, but are adding more short positions (-4.53% change in net long positions compared to last week)
- Retail traders are 93% short on GBPAUD (I find that retail is usually wrong, so this is a positive signal for GBPAUD longs in my book)
This trade is more based on Australia's weakness rather than Britain's strength. I was also thinking of shorting AUDJPY (see previous trade idea) or AUDUSD.
I couldn't get in a position that I liked on AUDJPY (yet) and I'm already in a short position on EURUSD, so I want to diversify a bit away from the US Dollar.
The reason I'm entering here is because it is filling an imbalance candle, and it's also at the 0.682 mark on the Fibonacci retracement tool.
If I get taken out I don't mind, there may be better entries on GBPAUD available if that happens, or there may be an opportunity to short AUDJPY instead, which I prefer the fundamentals of.
Don't take this as investment advice, I'm just sharing what I'm doing. Please don't follow me blindly, create your own strategy and ideas.
Support and Resistance
NZDCAD SHORT Market structure bearish on HTFs 30
Entry at both Daily and Weekly AOi
Weekly Rejection from AOi
Bearish Harami formed on the Weekly
Daily Rejection from AOi
Previous Structure point Daily
Around Psychological Level 0.82500
H4 EMA retest
H4 Candlestick rejection
Levels 6.05
Entry 100%
REMEMBER : Trading is a Game Of Probability
: Manage Your Risk
: Be Patient
: Every Moment Is Unique
: Rinse, Wash, Repeat!
: Christ is King
Nasdaq Futures Rebound or More Decline? Key Levels and StrategieDive into today's analysis of Nasdaq futures for Thursday, December 19, 2024. After yesterday’s significant 1,000+ point drop following interest rate announcements, we assess whether the market will rebound or continue its decline. Here's what you'll discover:
📉 Short Strategies: Key levels like 21,620 and 21,540, with setups to capitalize on continued bearish momentum.
📈 Long Opportunities: Critical zones for potential recoveries, such as 21,700 and 21,870, targeting a resumption of the rally.
📊 Market Context: Insight into yesterday’s drop and its implications for both intraday and longer-term trends.
If you’re looking for actionable insights and high-probability setups in a volatile market, this video is for you. Learn how to react to price movements and position yourself effectively.
🔗 Subscribe now for daily market updates, trading strategies, and exclusive content to enhance your trading performance. Don’t miss it!
POPCAT/USDT: Range Accumulation Play | 40% Recovery SetupPOPCAT/USDT SPOT Analysis 📊
--------------------------------
TRADING SETUP (SPOT) 📈
• Asset: POPCAT/USDT
• Exchange: MEXC
• Timeframe: 15m
STRATEGY: RANGE ACCUMULATION 🎯
Entry Zones:
Buy Zone: 0.77-0.79 (Current Support)
Why:
- Historical support level
- High volume node
- Bottom of consolidation range
- Aligned with 0.236 Fib
Take Profits:
TP1: 0.84 (Range Top) - 40% position
TP2: 0.86 (Break of Range) - 40% position
TP3: 0.89 (Previous Structure) - 20% position
Risk Management ⚠️:
• Stop Loss: 0.77 (Below current structure)
• Position Size: Max 5% of total portfolio
• Risk:Reward = 1:2.5
Key Reasons for Entry:
1. Price stabilizing after major drop
2. Clear range formation (0.79-0.82)
3. Multiple CHoCH patterns showing selling exhaustion
4. Strong volume support at current levels
Warning Signs to Exit ❌:
• Break below 0.77
• Volume spike with bearish candles
• Loss of range structure
Bonus Tip 💡:
DCA (Dollar Cost Average) approach recommended in current range:
• 25% at 0.79
• 25% at 0.78
• 50% at 0.77
#SpotTrading #POPCAT #Accumulation #CryptoTrading
Remember: Always manage risk first, profits second. This is analysis, not financial advice.
After the Fed’s Rate Cut: Gold’s Price Action and What’s NextYesterday was another wildly volatile day for OANDA:XAUUSD , with prices dropping approximately 600 pips following the Fed's rate cut.
After breaking below the 2645-2650 confluence support on Tuesday, the market entered a day of consolidation with a tight trading range.
However, the calm didn’t last long...
Yesterday's sharp decline took prices below the 2610-2615 technical support zone and even breached the critical 2600 level.
Overnight, Gold rebounded back above 2600, but in my opinion, this recovery is likely a normal retracement and does not signal a bottom for the yellow metal.
For bears, the sell zone begins at 2620 and extends slightly past 2630, accounting for the heightened volatility. This area presents an opportunity to look for short entries. The initial target for this move would be yesterday's low, but I wouldn’t be surprised to see Gold drop further toward the 2525 key support level in the near future.
As long as prices remain below the 2650-2660 resistance range, the outlook for XauUsd stays firmly bearish .
Gold Drops $65 as Bearish Momentum Dominates Post-Fed DecisionGold Technical Analysis
Gold prices dropped approximately $65 yesterday following the Federal Reserve's rate decision. The market continues to exhibit bearish momentum as long as it trades below 2623 and 2612, targeting 2585. A break below 2585, confirmed by a 1-hour or 4-hour candle close, could push the price further down to 2558.
The gold market is expected to remain volatile, with the upcoming GDP report playing a crucial role:
If GDP comes in below the expected 2.8%, this could support a bullish move.
If GDP exceeds 2.8%, this could reinforce the bearish trend.
Key Levels
Pivot Point: 2612
Resistance Levels: 2623, 2638, 2653
Support Levels: 2585, 2572, 2558
Trend Outlook
Bearish below 2623 and 2612
Bullish above 2623
FTSE - recovery jump after strong sell offHi guys, we are looking into the FTSE 100 ,currently it is sitting in a very oversold area on 1H and 4H time frames, so I am analysing a short term up-beta momentum.
Entry : 8,109
Target : 8,232
As always my friends happy trading!
P.S. If you have questions or inquiries about one of my existing set-ups or personal questions / 1 on 1 sessions consider joining my channel so you can follow up with me in private!
Dow Plummets 1,100 Points Amid Fed’s Hawkish GuidanceMarket Reacts to Limited Rate Cut Projections and Elevated Economic Uncertainty
Dow Drops 1,100 Points in Turbulent Session After Fed Announcement
Investors rushed to reduce exposure to risk assets on Wednesday after Federal Reserve Chair Jay Powell signaled a shift in the central bank's outlook for 2025.
The Dow Jones Industrial Average plunged over 1,100 points following the Fed’s anticipated 25-basis-point interest rate cut and its updated forward guidance. While the rate cut was expected, the announcement that only two cuts are projected for 2024 rattled investors. Powell’s message marked the end of an extended period of monetary easing, further weighing on market sentiment.
This marked the Dow’s tenth consecutive losing session, a streak not seen since 1974, when the index endured eleven straight losses.
Technical Analysis
The Dow's price dropped more than 4.5% ahead of Powell's speech, maintaining a bearish momentum. Stability below the pivot point of 42,590 suggests further downside potential, while a close above this level could indicate a reversal.
Today, the U.S. GDP release will be a key driver of market movement:
If the GDP comes in below 2.8%, it may support a bullish move toward 42,770 and possibly 42,900.
If the GDP exceeds 2.8%, bearish momentum could drive the index toward 42,380 or even as low as 41,120.
Key Levels
Pivot Point: 42,590
Resistance Levels: 42,770, 42,900, 43,190
Support Levels: 42,380, 42,150, 41,970
Trend Outlook
Bullish Momentum: If the price stabilizes above 42,590.
Bearish Momentum: Likely to persist with stability below 42,590.
GBP/USD Analysis:Hello Dear Traders,
Take a look at the weekly chart; a clear bullish channel is evident here. We tend to long the pair in this situation, given that we are around the bottom of the bullish channel. However, I don't trade based on the weekly channel.
On the daily chart, we see a bearish trend line and a gap towards the bottom of the channel. Breaking above the trend line on the daily chart would indicate more bullish movements in the future.
However, examining the 2-hour chart, it appears that there might be a reversal following a strong bearish candle. This candle was formed due to the FOMC voting, and I believe there may be some sell orders left from that. Therefore, I predict more bearish movements on the 2-hour chart during the reversal.
SHIBA TARGETS!The support level of 0.000022 could be the best time to buy Shiba.
The recent correction of Bitcoin could be a good entry opportunity for the remaining altcoins.
COINEX:SHIBUSDT Shiba is one of these coins with very high targets.
The main growth of Shiba will start with the break of 0.00004.
Don’t forget to follow and boost
EURUSD: Any reversal is a chance to short again!Hello Traders,
First take a look at Daily chart.
www.tradingview.com
The long-term bullish channel of the Euro has broken. After the USA election, another, less reliable, bearish channel has formed and is valid. I predict a reversal to the zone, which coincides with a strong bearish move and a significant broken level.
Regards, Ali
Futures Steady After Wall Street Slump on Fed Rate Cut OutlookFutures Steady After Wall Street Declines on Fed's View of Fewer Rate Cuts
U.S. stock index futures edged higher on Thursday as investors assessed the Federal Reserve's revised projections, which include fewer-than-expected interest rate cuts and elevated inflation expectations for next year. These updates caused a significant sell-off on Wall Street the day before.
On Wednesday, the Fed announced its forecast of only two 25 basis point (bps) rate cuts in 2024, halving its previous projection from September. The central bank also raised inflation expectations for the early months of the incoming administration. These adjustments triggered the steepest daily declines in the three major U.S. stock indices since August.
S&P 500 Technical Analysis
The S&P 500 experienced a sharp decline of more than 3.5% due to the Federal Reserve's decision to reduce interest rates by only 25 bps. This decision created uncertainty and weighed heavily on investor sentiment.
Today, the U.S. GDP report is a key event that could significantly impact the market. The GDP growth rate is projected to decline by 2.8% compared to the previous period.
If the GDP data comes in below 2.8%, the market may turn bullish, potentially reaching 5971.
If the GDP data exceeds 2.8%, the bearish trend could continue, with the S&P 500 targeting levels of 5885 and 5863.
Key Levels
Pivot Point: 5932
Resistance Levels: 5971, 5988, 6020
Support Levels: 5885, 5863, 5837
Trend Outlook
Downward Trend: Likely to persist if the price remains below 5932.
Upward Trend: Potential recovery if the price breaks above 5932.
AVAX Short entryhello to everyone.
in this analysis the AVAX after changing character and becoming bearish completed its pullback phase and came and swept all the liquidity marked with the dollar sign.
this a very good confluence and after waiting for confirmation on lower time frame we finally got it and price became bearish in LTF as well.
so I set a limit order at a 30-minute order block and wait for the price to tag me in the trade if that happens the price could potentially go lower.
remember to manage your risk.
thank you and have a good night.
NEAR Potentioanl longso we have another potential trade tonight and it's NEAR.
the price is strongly bullish as shown in the chart an we are currently in our range between those green dots and we can go higher(potentially).
if the price wants to go higher it must and has to respect the low that I circled around it and if not I will simply break it we then get a change of character.
if we break the lower time frame structure (shown with the green line titled CHoCH) we can say the price potentially can go higher(because we have all those liquidties above that are ready to be swept and the price has a reason to go higher) and gathered enough liquidity.
this trade is very risky because it can easily go the opposite way and become bearish so bear that in mind.
I will personally open a position as soon we gt that lower time frame confirmation.
this is not financial advice and simply an analysis.
thx for reading and have a great night or day <3
NGLFINE: Signs of reversal.NGLFINE appears to have bottomed out, now showing strong signs of a potential reversal:
1. RSI is strengthening.
2. Positive divergence is visible in RSI.
3. The stock is now trading above the 20EMA band.
A minor pullback to retest the 20EMA band is possible before the stock resumes its journey toward its all-time high.
As a Stoploss. either you can use 20EMA band or previous swing low, marked in the chart.
Disclaimer: This analysis is based on personal observations and is for educational purposes only. Please conduct your own research or consult a financial advisor before making any investment decisions.
@@ Always adhere to your risk-reward ratio before entering any trade.
@@ Maintain discipline in all trading activities.
@@ Ensure strict compliance with the marked stop loss.