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XAUUSD ANALYSIS - UpdateWe have now reached a support zone, formerly resistance as noted in the picture above. we still anticipate a break of this support level to create the next lower low which can be seen on the daily chart. Now, the US will be reporting Home Sales and Job claims. Initial Jobless Claims measures the number of individuals who filed for unemployment insurance for the first time during the past week. This is the earliest U.S. economic data, but the market impact varies from week to week. A higher than expected reading should be taken as negative/bearish for the USD, while a lower than expected reading should be taken as positive/bullish for the USD. The DXY also suggest we could see a push to the up side as we have broken resistance and maybe retested. Retail Forex sentiment on myfxbook.com sees 70% of retail traders in a long position while 30% are short. My bias is Short though we are at a zone price have respected over and over again. if we can break the zone (1794 - 1790), we could eventually see the flush to 1762.50. on the flip side there are buyers grouped at the zone (1794 - 1790) and we are expecting news so anything can happen.
OANDA:XAUUSDShort
by xenofinance
3
DOTUSDT could retest 10$ 🦐DOT is in the critical zone, the price broke the weekly support and now the price is retesting it. IF and only IF, the daily will close below the red rectangle, According to Plancton's strategy (check our Academy), we can set a nice order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Short
by InkyGrip
12
EOSBTC is testing the daily resistance 🦐EOSBTC is testing the historical daily resistance. IF the price will have a breakout downward, According to Plancton's strategy (check our Academy), we can set a nice order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Short
by InkyGrip
4
BATUSDT is testing an important support 🦐BATUSDT is testing an important daily support. IF the price will lose the support and flip into new resistance, the price could retest the 0.47$ , According to Plancton's strategy (check our Academy), we can set a nice order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Short
by InkyGrip
12
Multi TF analysis of BTC-USDBTC has now dumped more than 25% from its recent ATH of $64,899 and in the last 24Hrs, it has dipped ~11%. Weekly MACD is also turning bearish which depicts that the short-term trend has turned negative for BTC. However, the overall market trend is still looking positive on the larger TF’s and these corrections are a part of the trading cycle. Currently, BTC is taking support from its 50% Fibonacci retracement levels which are placed at $47,730 . As long as BTC stays above this 50% retracement level, the major trend should stay positive and for the next trading sessions, sideways movement can be expected. However, if it breaks this support level, the market trend will turn bearish and can reach the level of $45k followed by $42k. On the higher side, the immediate hurdle is placed at $50k and if it decisively breaks this level, further upside momentum can continue till the level of $54k followed by the next level of $57.5k .
COINBASE:BTCUSD
by TradeDog-Research
XAUUSD 1786.01 + 0.44 % LONG IDEA * PRICE ACTION + STRUCTUREHELLO EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE IN THE MARKET THIS WEEK, HERE'S A LOOK AT THE XAU/USD METAL . * follow your entry rules on entries * significant moves with the bears change the plan. lets see how it goes. many stars must align with the plan before executing the trade, kindly follow your rules. HAPPY TRADING EVERYONE & LET YOUR WINS RUN... _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If this idea helps with your trading plan kindly leave a like definitely appreciate it.
OANDA:XAUUSDLong
by PULEMokhothu