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XAUUSD H4 - Sell SignalXAUUSD H4 Here is an update on Gold. We are approaching this $2,640/oz support price, and interim trading support zone indicated on the H4 and H1 timeframe. If we are able to break this convincingly, we should see price trade closer towards that $2,624/oz price in the near term. However, we may well see price bounce from this zone as indicated before gearing up for shorts. The preferred play here is to sell from $2,670/oz and buy from $2,625/oz. Simply buying from the lowest area of support, and selling from highest area of resistance.
OANDA:XAUUSDShort
by Trade_Simple_FX
Bitcoin - The Dip Takes No Prisoners!I doubt it will go below $58k. So stop thinking another pullback will come to re-enter back in. That's not going to happen, 55k was the second best entry option for those who missed the retest at 50k. Time to look for another entry closer to 58-59k The price action is very telling and, for the most part, the bottom is in. Will we get a double confirmation on another retest of 53-54k? Not likely. Slow climb from here to leave everyone on the sidelines!
BITSTAMP:BTCUSDLong
by ZelfTrade
$ABNB Doomed: Stock to $50 (-50%) NASDAQ:ABNB Doomed: Stock to $50 (-50%) Occasionally in your career, you get a really clear signal. The technicals, fundamentals, and narrative all line up perfectly. I dislike this company, its business model, and the fact that it enables even more Boomers and private money to take family homes off the market. The hosts are adversarial, controlling, and almost certainly spying on you. Airbnb can only thrive under the halcyon conditions of low interest rates, easy money, and consumers with disposable income. None of this is true, or likely to be true in the coming 24 months. Americans are declaring bankruptcy at record levels, real wages haven't been lower in a lifetime, and inflation has reduced vacations and luxuries to a trip to McDonald’s. Not joking—a recent headline declared that nearly 80% of Americans consider McDonald's a luxury. Many hosts are overburdened and overleveraged with mostly vacant properties. Unsurprisingly, hosts' profitability is sinking, and as soon as we see home prices or consumer sentiment start to shake, many of these owners are going to sell. This will fuel a spiraling doom-loop, driving the stock down to as low as $50 by next summer. The trade: Rejection at the lower highs of '22 and '24 (in yellow) has set up the rising wedge we just broke down from. In the same way rejection at $200 in '22 saw a -60% move, I believe rejection at $170 this year has set us up for another leg down in a precipitous drop. Short from $125 to about $65. If you're not already bearish and short, look out for a bounce and gap fill to $120ish, before brutal rejection below $100. Get some popcorn; it’s going to be wild.
NASDAQ:ABNBShort
by dawsonMoonshot
7
GBPUSD Sell | Trade Setup AnalysisGBPUSD is moving in an ascending channel between the trend lines. The price has reached the resistance level, which has already acted as a reversal point. We expect a decline. Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity GBPUSD I still did my best and this is the most likely count for me at the moment. ------------------- Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Short
by TheGrove
1
NZDJPY BUY | Idea Trading AnalysisNZD/JPY is falling towards a support level which is a pullback support and could bounce from this level to our take profit. We expect a decline in the channel after testing the current level which suggests that the price will continue to rise Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great BUY opportunity NZDJPY I still did my best and this is the most likely count for me at the moment. ------------------- Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Long
by TheGrove
1
DXY on the Brink! Key Levels and Patterns You Can't Miss Trading Idea Breakdown for USD Index (DXY) Chart Overview: Time Frame: 4-hour and 1-hour charts Instrument: U.S. Dollar Index (DXY) Key Levels and Zones: Daily High: Level: 112.304 Significance: Significant resistance level from previous price action peaks. Weekly LQZ (Liquidity Zone): Level: 108.007 Significance: Key zone where price has shown notable liquidity and potential for major reversals or continuations. Daily LQZ: Level: 106.524 Significance: Important daily liquidity zone that influences short to medium-term price action. 4-hour LQZ: Level: 103.894 Significance: Critical level for intraday trading, often indicating significant support or resistance. Daily LQZ (Lower Zone): Level: 101.908 Significance: Lower daily liquidity zone that could act as a strong support if the price dips. Missed LQZ: Level: 100.552 Significance: A previous liquidity zone that was not retested, potentially a strong support area. Missed LQZ (Lower Zone): Level: 99.561 Significance: Another potential support level if the price continues to decline. Technical Patterns: Descending Triangle: Visible on the 4-hour chart, the descending triangle pattern indicates a potential bearish continuation if the price breaks below the lower trendline. Ascending Triangle: Observed in the price action within the upward sloping trendlines, suggesting potential bullish movement if the price breaks above the upper boundary. Flag Pattern: Noted in both the charts, flag patterns typically indicate a consolidation phase before a continuation of the prevailing trend. Price Action Insights: Current Price: 104.084 (at the time of the screenshot) The price is hovering near the 4-hour LQZ, indicating a critical decision point for either a bounce or a further decline. Potential Scenarios: Bullish Scenario: If the price holds the 4-hour LQZ and breaks above the recent consolidation, we could see a move towards the daily LQZ at 106.524 and potentially higher towards the weekly LQZ at 108.007. Bearish Scenario: If the price fails to hold the 4-hour LQZ and breaks below, we might see a decline towards the daily LQZ at 101.908 and possibly further towards the missed LQZ at 100.552. Market Sentiment: The charts suggest a balanced sentiment with key liquidity zones serving as potential pivot points for future price action. Traders should watch these levels closely for signs of strength or weakness to determine the next significant move.
TVC:DXY
by Adlercon333
7/9 The Layout for the Morning Session.... Powell at 10am estGREATTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTT MORNING YALLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL!!!!! 😏 😏 😏 07/09/2024 **News** ON THE BLOCK TODAY!!!! ***Jerome Powell Speaks*** WATCH OUT HIS WORDS WILL WHIP SAW THIS LIKE NO OTHER 10 AM ET ***Michael Barr Speaks*** 9:15 AM ET ***Midnight*** **CONSENTRATED CONSOLIDATION ** *#ES 5638* *#NQ 20734.25* 💰 **BUYSIDE**💰 ***#ES 5640***.--->Above this level we look for --->.... 🟢 5653.25 🟢 5676.85 🟢 5694.75 🟢 5711.25 🟢 5727.50 🟢 5738.25 ***#NQ 20748.25***...---> Above this level we look for--> 🟢 20754.50 🟢 20788.50 🟢 20813.00 🟢 20843.75 🟢 20878.00 🟢 20902.25 🟢 20933.25 💰 **SELLSIDE**💰 ***#ES 5632.75***--- Below this level and we look for 🔴 5616.75 🔴 5604 🔴 5580 🔴 5564.50 🔴 5550.25 ***#NQ 20703***---> Below this level and we look for 🔴 20685 🔴 20656 🔴 20639 🔴 20619 🔴 20594
CME_MINI:NQU2024
by Stockqueenie
Technical Analysis of Harmony (ONE/USDT) on Binance Technical Analysis of Harmony (ONE/USDT) by Blaž Fabjan Chart Overview Harmony (ONE/USDT) on a 4-hour timeframe. The following key technical elements are observed: Descending Triangle Pattern: A descending triangle pattern is visible, characterized by a series of lower highs and a horizontal support line around the 0.01380 USDT level. This pattern is often seen as a bearish continuation pattern, but it can also lead to a bullish breakout. Volume: The volume is displayed at the bottom, showing a recent spike which may indicate increasing interest and potential for a breakout. Indicators: WMG Cipher B Divergences: Shows multiple divergences indicating potential bullish reversals. RSL (Relative Strength Line): Currently at 36.07, suggesting the market is nearing oversold conditions. Stochastic Oscillator: At 5.88, indicating the market is in an oversold condition, which could suggest a potential upward movement. Trading Plan 1. Intraday Trading Entry: Look for a breakout above the descending triangle's resistance line at approximately 0.01420 USDT with a confirmation candle on the 15-minute chart. Stop Loss: Place a stop loss just below the recent swing low at 0.01370 USDT. Take Profit: Initial target at the previous resistance level around 0.01500 USDT. Adjust stop loss to breakeven if price reaches 0.01460 USDT. 2. Scalping Entry: Enter trades at support and resistance levels within the triangle, focusing on quick in-and-out trades. Support Levels: 0.01380 USDT Resistance Levels: 0.01420 USDT Stop Loss: Tight stop loss of 0.001 USDT below the entry point. Take Profit: Aim for small, consistent profits of 0.002 USDT per trade. 3. Swing Trading Entry: Wait for a confirmed breakout above the descending triangle at 0.01420 USDT on the 4-hour chart. Stop Loss: Place a stop loss below the breakout point at 0.01380 USDT. Take Profit: Set initial target at 0.01600 USDT and a secondary target at 0.01800 USDT. Use a trailing stop loss to lock in profits as the price moves in favor. Conclusion and Advice Given the current chart patterns and indicators, a long position could be considered if a confirmed breakout above the descending triangle at 0.01420 USDT occurs. The oversold conditions indicated by both the RSL and the Stochastic Oscillator support the potential for a bullish reversal. However, traders should be cautious and watch for a confirmation of the breakout to avoid false signals. Advice for Long Position: Patience is key: Wait for a confirmed breakout and avoid entering positions prematurely. Risk Management: Ensure proper stop loss placement to mitigate risks. Volume Confirmation: Watch for an increase in volume to confirm the breakout. In summary, Harmony (ONE/USDT) shows potential for a bullish move, but confirmation and proper risk management are crucial for successful trading.
Long
by elfabiiani
+4R Tricky NZDUSD BreakdownAnother trade breakdown ☝️Do not act based on my analysis, do your own research!! The main purpose of my resources is free, actionable education for anyone who wants to learn trading and improve mental and technical trading skills. Learn from hundreds of videos and the real story of a particular trader, with all the mistakes and pain on the way to consistency. I'm always glad to discuss and answer questions. 🙌 ☝️ALL ideas and videos here are for sharing my experience purposes only, not financial advice, NOT A SIGNAL. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as a simulated, educational environment. Important disclaimer - this idea is just a possibility and my extremely subjective opinion. Do not act based on my analysis, do your own research!!
Education
by Yelli_trades
3
Dollar’s Rise Toward 2024 High Bolstered by CPIThe greenback is growing towards a brand new excessive for the yr on hypothesis that Wednesday`s US inflation analyzing and Federal Reserve coverage selection will boom demand. The Bloomberg Dollar Spot Index rose Tuesday for a fourth instantly session, hiking a complete of 1.1% in that period, amid assist from final week`s record of US jobs increase and political turbulence in Europe. The gauge now trades approximately 0.4% beneath this yr`s top reached on April 19. “Tomorrow affords a actual possibility for the greenback to increase its current gains, Powell permitting,” Patrick Locke, an FX strategist at JPMorgan Securities LLC in New York, stated in an interview. “There are motives to anticipate each CPI and FOMC will err at the bullish/hawkish facet for the greenback, supporting it sweep the tactical trifecta,” he stated, relating to the approaching customer fee index and Federal Open Market Committee reviews and Friday`s above-estimate non-farm payrolls.
OANDA:XAUUSD
by MrTrongVo
BHEL 13%+ Gain in 7 trading days!Hello traders, How are you guys doing? Iam bring you one of my recent successful equity trade I took - BHEL The price on the 15 min time frame successfully closed above the astra line which gave me the confirmed entry for this trade. The election results are round the corner and the overall market sentiment looks bullish, Iam selling 50% of BHEL on the TP 4 as shown in the chart and hold the remaining till the price crosses under the Astra dotted line. Overall a nice trade. Good luck and happy trading.
NSE:BHELLong
by ProfitsNinja
GBPUSD SELL | Idea Trading AnalysisHello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity GBPUSD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
Short
by TheGrove
5
Strengthening world gold prices is powered by safe-haven demandWorld gold prices increased sharply with spot gold increasing by 41.3 USD to 2,382 USD/ounce. Gold futures prices last traded at 2,400 USD/ounce, up 39.9 USD compared to yesterday morning. Safe hidden demand due to worries about escalating tensions in the Middle East continued to provide energy for the yellow metal in the first trading session of the week. Gold prices rose sharply even as the dollar and Treasury yields rose after stronger-than-expected US retail sales data in March fueled worries that the US Federal Reserve (Fed) may can push the policy pivot. Following the retail sales data, the dollar rose 0.2% and 10-year Treasury yields hit a five-month high. This is further evidence that the first economy has been reliably proven. The market has now reduced its forecast for the number of interest rate cuts this year to 2 times instead of 3 times previously. Market analyst Tim Waterer of KCM Trade predicts that the reasonableness between geopolitical risks and the prospect that the Fed will maintain monetary policy in the second half of this year will continue to increase the hidden appeal. a whole set of gold. “In many ways, gold is being considered an ‘asset for all scenarios’ thanks to its resilience.
OANDA:XAUUSDShort
by MrTrongVo
#BOME is ready to boom! 🚀Trading Pair: BOME/USDT Trade Type: Midterm Current coin Status: The coin has broken out of a flag pattern and is currently retesting it. Entry Point: The current market price (CMP) is a good entry point, and you can add more up to $1.43. Profit Targets: The profit targets for this trade are between 40% to 80%. Stop Loss: The recommended stop loss is at $1.34. Recommended Leverage: A leverage of 5X to 10X is recommended. Estimated Profit: The estimated profit for this trade is around 80%.
Long
by CRYPTOMOJO_TA
6
EUR/USD: A special Place in the Market Good day fellow traders, EUR/USD is in a very special place, we over the last 259 day have made a triangle on the weekly chart an currently sit on the APEX of a breakout favoring a strong dollar. One must wait for confirmation of a break out below the lower level of the triangle. The target for a move would be October 4th, 2023 low. There is potential for a reversal here, a tag of the upper level of the triangle would confirm this. For those who are unfamiliar with triangle and the trading rules that govern them. Let me make it simple or put it in term of ThePipAssassin! Triangle Trading Rules are as follows: 1.) Must be contained in a range, that is getting smaller on each leg. (Squeezing) 2.) Must have only 5 touches of Support and Resistance for trend continuation. 3.) 6 touch and/or legs and we are going to breakout in that direction forming a triangle reversal.....
by ThePipAssassin
5