EURJPY TRADE REVIEW AND ANALYSISIn this video, i went over the main reason i entered a short on EURJPY and my technical process and target. I also go over what i will be looking out for on the pair and also on GBPUSD
Tecnicalanalysis
INTRADAY ANALYSIS (SHORT TERM) Most technical indicators are suggesting a "Strong Sell" position. The Relative Strength Index (RSI), Stochastic Oscillator, MACD, and other indicators are all pointing towards a sell, indicating downward momentum for gold prices on an intraday basis
The moving averages across different time frames also show a "Sell" signal. Both simple and exponential moving averages over various periods (5, 10, 20, 50, 100, and 200-day) are suggesting a bearish trend, further supporting a downtrend for gold in the short term
Support and Resistance Levels: According to the pivot points, the key support levels for gold are around $2,526 to $2,532, while resistance levels are identified around $2,537 to $2,539. These levels could act as critical points where price action might either bounce back or break through
Given this data, gold is expected to face downward pressure throughout the day. However, keep an eye on the support levels as potential areas for reversal or a slowdown in the downtrend.
xauusdgold has created lower low and lowe high as we can see on the chart i have pointed clearly, in my vision looking at the chart its about to take short with really good conformation as we doo have fundamental up coming. what you guys think , gold still long or short.? let me know in the comment below.
Gold Trade : Bullish Momentum AheadXAUUSD has been making bullish trend through 2041 making higher highs and higher lows and is holding towards the liquidity zone 2506 2505.Price action and market structure also shows bullish trend and also a double bottom pattern is evident around the 2380 2385 level indicating a strong support area. there is also a news which would support us in bullish momentum
Our technical analysis and market indicators suggest a positive trend for gold in the next trading session. Investor can expect a potentially lucrative opportunity to capitalize on the bullish momentum.
AERO/USDT NEW INCREASE VOLUMEThe low time frame AERO/USDT shows a new increase in volume which can be confirmed in the coming time frames, we will follow this coin for the next confirmations.
We will follow AERO/USDT to see the possibility
BTC/USDT IS BITCOIN READY FOR A NEW HIGH TO 68KBTC did a great increase from the bottom trend to around 65K as we also made an update about it from the bottom.
57K is the activation trend.
BTC should hold the 62K for a healthy trend. if the trends get confirmed we could see soon
67-68K
New updates will come by this chart link.
Mexico gives a sign of lifeAfter staying over a month at the lowest levels of the year, almost 10% down for the year, but finally the market has been able to recover. But the fundamental data that has been pushing this move up is quite bizarre. Perhaps we are out of the water and I hope so as some other positions in Mexican stocks will be affected by the performance of this recovery. So far the recent move looks promising as it has clearly broken above the 25MA which will now serve as support as price attempts to climb into a higher deviation. Successfully breaking above the 200MA would place the index out of trouble for the coming time. Let's hope for the best and If the USA rides into euphoria, perhaps Mexico can ride along as well.
Additional to the analysis here, I give a great visual description of what my indicators tell me and how I read them. The same is true for the short term deviation, which helps me see the finer movements of price action.
XAUUSDWhat i'm looking at. daily fvg hit, 1hr fvg hit, markets is at an ath, mitigation and imbalances have to be filled before going higher. i'm looking for drop to at least the bullish order block @ 2,300.908 or there abouts.
BTC update 4Hr take your position
btc 4hr price is blow the 200 and 100 ema
break the support level
SHORT SIGNAL
ENTRY 65300
STOPLOSS 67900
TARGET 59600
xauusdsimple chart and simple stratgy makes you profitable, i belive if the line make you understand for next week and as end of the closing candlle, what is going to happen for a gold. if not, leave a comment ill response asap.
DXYDXY analysis
1 hour time frame
Now we are at the bottom of the 1-hour range, which I expect to move up to the top of the range
DXY4-hour time frame dollar index analysis
I expect correction of gold and currency pairs against the dollar.
This. Is Actually Bullish. But First. One More Liquidation? Traders,
I'm seeing this on the Bitcoin chart as well (future post). But here on Ethereum we are in a bullish descending wedge. It should break to the upside soon. However, careful going all in just yet. My spiny senses are telling me we could have one more liquidation of longs incoming before all lights are green. Our .618 fib level seems to be holding well so, this might look like a quick wick down during the course of the day touching that bottom part of the descending triangle or even possibly the 200 day sma. Get ready to pull the trigger on those buy orders if that happens or even if it doesn't.
Stew
BTCUSDTDaily timeframe bitcoin analysis
I expect Bitcoin to move towards 70,000 and from there I will enter short positions towards the target of 55,000.
GBP/JPY BEARS WILL DOMINATE THE MARKET|SHORT
Hello,Friends!
We are now examining the GBP/JPY pair and we can see that the pair is going up locally while also being in a uptrend on the 1W TF. But there is also a powerful signal from the BB upper band being nearby, indicating that the pair is overbought so we can go short from the resistance line above and a target at 193.922 level.
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USDT.DDominance analysis of the daily time frame
By analyzing the dominance of Tether, we can have a better view of the movement of Bitcoin.
Navigating Gold DynamicsDive deep into the intricate world of gold trading with our comprehensive analysis and forecast. Our expert examination not only uncovers the latest trends in the gold market but also provides valuable insights into the factors shaping its price dynamics. From technical indicators to fundamental analysis, we dissect every aspect influencing gold prices. Stay informed and empowered to make strategic decisions with our actionable recommendations for capitalizing on the ever-evolving gold landscape.
EUR/JPY BEARS ARE STRONG HERE|SHORT
Hello,Friends!
EUR/JPY pair is in the uptrend because previous week’s candle is green, while the price is obviously rising on the 9H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 165.989 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
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XAUUSD Long Setup: Bullish Reversal PotentialXAUUSD presents a compelling long opportunity, supported by confluence at key levels and oversold conditions. Geopolitical tensions and inflation worries add bullish tailwinds. Entry near support, stop-loss strategy, and target levels outlined. Exercise caution, manage risk diligently. #XAUUSD #TradingView #TechnicalAnalysis
XAUUSD Short Setup: Potential Sell Opportunity!We're eyeing a short opportunity on XAUUSD around the $2355-2360 range, where the price is expected to encounter resistance. This level coincides with the Fibonacci 0.50 retracement level, a key trendline test, and upcoming PMI news, suggesting a potential reversal. Heightened geopolitical tensions further support the bearish bias. Stay tuned for detailed analysis and trade insights!#XAUUSD #ForexTrading #ShortSetup #TechnicalAnalysis #GeopoliticalFactors #PMINews
AUD/CHF BEARS ARE STRONG HERE|SHORT
Hello,Friends!
We are going short on the AUD/CHF with the target of 0.585 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band. However, we should use low risk here because the 1W TF is green and gives us a counter-signal.
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10 EMA strategy ^BEST TREND-FOLLOWING STRATEGY^Welcome! Today, I'm excited to share with you one of the most effective trend-following strategies that is adaptable to any timeframe and asset class ( OANDA:XAUUSD , NSE:NIFTY , FX:USDCHF ), boasting a remarkable risk/reward ratio of up to 1:10. Let's dive right in.
As mentioned, this strategy revolves around the Exponential Moving Average (EMA), specifically the 10-period EMA. For those unfamiliar, the EMA places greater emphasis on recent price data compared to a Simple Moving Average (SMA), providing a dynamic view of market trends.
When the price on your chart is above the 10 EMA, it signifies a bullish trend; conversely, when the 10 EMA is above the price, it indicates a bearish trend. Let's illustrate with an example:
Imagine a bullish trend with four consecutive green candles followed by a red candle. Our entry point occurs when this red candle, the trigger candle, fails to touch the 10 EMA. Subsequently, when a green candle crosses above the high of the trigger candle, we enter the trade. Setting our stop loss (SL) just below the EMA line beneath the trigger candle, we establish our take profit (TP) based on a risk/reward ratio, starting at 1:2 and potentially reaching an impressive 1:10.
Trailing the 10 EMA line allows us to stay in the trade longer, albeit experiencing initial stop-loss hits. However, perseverance reveals the strategy's efficacy over time.
Now, for short positions, such as during a downtrend characterized by three red candles followed by a green candle, our entry occurs when the low of the green candle is breached by the subsequent red candle. Setting the SL just above the EMA line above the trigger candle and TP based on the risk/reward ratio, we execute the trade.
For those interested in trailing stops, there are two options: firstly, trailing along the 10 EMA line; secondly, utilizing the Average True Range (ATR) for algorithmic trading enthusiasts.
With this strategy's flexibility and potential for significant returns, it offers traders a robust approach to navigating diverse market conditions.
***Here are 2 examples of Long & Short: Long position in BINANCE:SOLUSDT
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Short in FOREXCOM:EURCAD
It's crucial not only to grasp the concept of this strategy but also to put it into practice. 💼 Start by implementing it with small capital or utilize paper trading, which platforms like TradingView offer. 📝 Additionally, don't hesitate to experiment. For instance, try using an 11-period EMA and assess its effectiveness. You might find that it better suits your trading style and objectives. 🧪💡 Remember, trading is a journey of discovery! 🚀 Don't be afraid to explore new strategies and techniques along the way.
🌟 Like (boost), follow, comment, and share this strategy to spread the knowledge and empower fellow traders! 📈🚀👍
For the optimal TradingView experience, upgrade now to unlock the platform's full potential:
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Shiba inu ... tecnicall analysis Shiba is placed in this triangle, I see it as bullish, but there are buy downs in it, we have to wait to see which direction it will go in the end. After leaving the trend lines and the triangle.
