USDCAD ShortUSDCAD looks like a sell on the H4 and has been moving steadily down from my last entry in UC. I believe that there will be a potential double top move looking to move towards the 1.35800s towards the 1.35371 prior to a pullback or further breakdown of the pair. I am looking for this mainly to be a day trade, however, I will also be placing a swing trade for my other trading accounts to bare in mind to also use PROPER risk management. RSI also indicates that we are long overdue a major short and will see it within the next few candles how far USDCAD can go.
ENTRY: 1.36595
TP 1 (Day Trade): 1.35371
TP 2 (Swing Trade): 1.34806
SL: 30 pips from entry
Please message me if you have any questions! Please enjoy your day and be sure to follow our page!
Tradingsignals
EURAUD: Classic Pullback Trade From Resistance 🇪🇺 🇦🇺
EURAUD looks quite oversold after a test of a wide, key daily resistance.
We see a double top formation after its test and a local sign of strength of
the sellers with the violation of its horizontal neckline.
The price may drop to 1.6267 level.
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EGLD - Time to buy again!EGLD is forming a falling wedge on Daily timeframe , Up we go if we do breakout.
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Gold price analysis October 8Fundamental analysis Gold prices attracted some selling for the fifth consecutive day on Tuesday, falling to their lowest in more than a week, close to the $2,630 trading range support level in the first half of the European session. Friday’s upbeat US jobs report provides further evidence of a resilient labor market and forced investors to trim their bets on another aggressive rate cut by the Federal Reserve. This, in turn, was seen as a major factor undermining demand for the non-yielding yellow metal.
That said, a softening US dollar (USD), coupled with the risk of further escalation of geopolitical tensions in the Middle East, could provide some support to safe-haven gold prices. Traders may also refrain from placing aggressive bets ahead of the release of the FOMC meeting minutes on Wednesday. Additionally, the US Consumer Price Index (CPI) and the US Producer Price Index (PPI), scheduled for release on Thursday and Friday, will provide fresh impetus to XAU/USD.
Technical analysis
Gold price is pushed up to 2647 before the US session. Attention price zone 2649-2651. When the US session enters, the price cannot break this zone, we sell to 2622-2611. In case this zone breaks, we wait for retes BUY in the 2643-2645 zone, target today 2660. Wish you successful trading with the strategy and important price zones that I have noted.
SHIBUSDT potential test of Down Trend Resistance lineSHIBUSDT is currently in an accumulation phase, with the price oscillating around the 0.000015 level. The market has bounced off this support level twice before initiating an upward impulse move. The most recent swing upward was stronger than the previous one, signaling a potential increase in bullish momentum. Growing expectations of a possible bull run could act as a trigger for further upward movement. The market continues to bounce off the upward trendline, forming higher lows, which indicates buying pressure. Based on this analysis, the price could retest the channel border, potentially leading to further bullish momentum. The target is the resistance zone at 0.00002.
I Cannot Short This !!! situation+next targets.DOT is forming a falling wedge on Daily timeframe , Up we go if we do breakout. the price can be bullish and I expect the price to go up to the Fibonacci line of 0.618 = 6.80$ Stay tuned for more updates, thanks.
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
World gold prices decreased despite the decline in the USD indexGold rate fluctuates strongly because of many conflicting elements affecting it. Jesse Colombo - unbiased analyst, stated the state of affairs withinside the Middle East is complex and nobody can are expecting what is going to happen. Therefore, humans rushed to shop for gold and hold the rate strong as at present.
On the contrary, Michael Moor - founding father of Moor Analytics commented that gold fees will lower in the course of this time. Meanwhile, Mark Leibovit - writer of VR Metals/Resource Letter, believes that the marketplace has reached the pinnacle of the short-time period cycle.
Regarding the gold import state of affairs of valuable banks, in step with treasured metals analysts at Heraeus, in spite of growing gold fees, India`s gold imports have skyrocketed to the very best degree considering that the start of 2021.
In their modern-day replace on treasured metals, analysts at Heraeus stated India's gold imports have hit a 3.5-12 months excessive in education for robust seasonal call for.
“Strong call for from Indian clients and restocking through the metals enterprise in advance of the Diwali competition despatched the country's gold imports hovering to a greater than three-12 months excessive of a hundred twenty five tonnes in August. This marks an boom of 58% 12 months-over-12 months and 212% month-over-month. Imports had been supported through a reduce in import price lists on treasured metals in July.”
💎 TVC:GOLD Buy 2630 - 2627💎
✔️TP1: 2647
✔️TP2: 2657
✔️TP3: OPEN
🚫SL: 2619
💎 TVC:GOLD Sell 2653 - 2655💎
✔️TP1: 2640
✔️TP2: 2637
✔️TP3: OPEN
🚫SL: 2663
Is now a good time to buy gold stocks?Over the beyond six months, gold charges have risen, attaining new report highs nearly each month. However, the yellow metal`s rate has encountered a few resistance for the reason that hitting US$2,670 on October 1, sending it right all the way down to as little as US$2,639.
Hemke defined in an October three interview that this may be the end result of the marketplace checking out resistance at $2,650.
In September, gold charges hit a brand new report excessive above $2,six hundred after the U.S. Federal Reserve reduce its benchmark hobby price for the primary time for the reason that begin of the 2022 bull run.
“Gold charges bottomed at US$1,895 in mid-February and had been replied for the reason that then — gold charges have expanded 25 percentage in that period,” he advised INN in an interview recorded early September .
"It's now no longer that the gold producers, the large groups and the intermediaries, have not reacted. The large gold groups, now no longer counting the trouble groups, are up forty five to ninety percentage from the lowest gold rate." in February, and intermediaries expanded from 50 percentage to 132 percentage"
💎 XAUUSD Buy 2630 - 2627💎
✔️TP1: 2647
✔️TP2: 2657
✔️TP3: OPEN
🚫SL: 2619
💎XAUUSD Sell 2653 - 2655💎
✔️TP1: 2640
✔️TP2: 2637
✔️TP3: OPEN
🚫SL: 2663
XAUUSD / TRADING ACCUMULATION ZONE / 1HXAUUSD / 1H TIME FRAME
HELLO TRADERS
Zone A (2,659$ - 2,653$) , The price is currently attempting to stabilize within this range.
If stabilization occurs, it suggests a potential breakout to reach the demand zone (2,631$ - 2,623$).
Demand Zone (2,631$ - 2,623$) , If the price breaks below Zone A, this demand zone is the next target , A breakout from this zone could lead to a rise towards Zone B.
Zone B (2,664$ - 2,672$) , If the price breaks into Zone B, remaining stable suggests a potential decline back to Zone A and possibly lower to the demand zone , However, if the price breaks above Zone B, it may aim for Zone C.
Zone C (2,681$ - 2,685$) , A breakout above Zone C could lead to further increases, but stabilization here may result in a decline back to Zone B or lower to Zone A.
Historical Zone (2,700$ - 2,710$) , Breaking the key resistance levels could indicate a move towards this new historical range, suggesting bullish sentiment.
Supply Zone : 2,659$ - 2,653$ , 2,664$ - 2,672$ , 2,681$ - 2,685$.
Demand Zone : 2,631$ - 2,623$.
Bitcoin breaking 64k!!! Next 68???Hey guys!
Friday scenario didn't worked and we continue growing. Here are some thoughts about next movements.
Bullish: We're now moving in a raising channel and the MA have a bullish cross.
Bearish: The RSI is closing to the overbought point and there is the volume divergence.
Additional: We are between two important resistance and support levels.
So my thoughts here, that If buying momentum continues to fade, given the volume divergence and high RSI, a short-term pullback could occur, potentially taking Bitcoin towards the $62,000 support level. Should this support hold, it may provide a bounce opportunity for bulls to regain momentum.
On the other hand, if Bitcoin manages a successful break above the $64,000 resistance, it could pave the way for a move towards the higher resistance levels between $66,000 and $68,000, marking a continued bullish trend.
What u think?
ETHEREUM - Time to buy again!The BINANCE:ETHUSDT is in a ascending triangle now which means the price will increase and also It is expected that the price would at least grow as good as the measured price movement(AB=CD). also a bullish Hidden Divergence (HD+) on MACD which shows Positive Signs for ETH.
Note: we should wait for the breaking of the triangle and than make a move, If the triangle breaks, we expect a new ATH to occur, but in new year.
✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us.
Best regards CobraVanguard .💚
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✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
GOLD - only single support? holds or not??#GOLD.. no data on table and we have only single area that is 2637 around.
keep close that level guys and don't hold your buying positions below that,
only stay in buying above that level.
and keep in kind that below 2637 cut n reverse will be good option.
stay sharp here.
good luck
trade wisely
Gold Price Analysis July 10Fundamental Analysis
Gold (XAU/USD) traded negative for the fourth consecutive day on Monday, despite no follow-through selling, remaining confined within a familiar range that has held for the past week or so amid mixed fundamental signals. Friday’s upbeat US jobs report dashed market expectations for more aggressive easing by the Federal Reserve, helping the US Dollar (USD) rise to near seven-week highs and weighing on the non-yielding yellow metal.
In addition, the underlying bullish tone across global equity markets further undermined safe-haven Gold. However, any meaningful corrective pullback remains elusive amid persistent geopolitical risks stemming from ongoing conflicts in the Middle East, which tend to favor the precious metal. Traders may also want to wait for the FOMC meeting minutes to be released this Wednesday and the US consumer inflation data on Thursday.
Technical analysis
Gold has bounced strongly from the session support zone of 2640. At the moment, the trading range of gold is relatively wide and the NF has not been able to help gold form a new specific trend. In the h4 or h2 time frame, the trading range is clearly seen at 2635 and 2670. When this range is broken, the price will form a new trend. Besides, we pay attention to the areas that are prone to fake 2625 and 2685.
EURUSD Analysis Week 41🌐Fundamental Analysis
Fundamental Analysis EUR/USD fell below the psychological support level of 1.1000 in New York trading on Friday. The major currency weakened as an upbeat US (US) Non-Farm Payrolls (NFP) report for September underpinned the US dollar (USD). The US Dollar Index (DXY), which tracks the greenback against six major currencies, surged above 102.50.
Following the Fed's decision to cut interest rates, comments from Fed Chair Jerome Powell and his colleagues have indicated that the central bank is more focused on reviving job growth amid confidence that price pressures are on track to return to the bank's 2% target.
The US NFP report shows that the number of people seeking employment rose unexpectedly last month. The strong hiring numbers have forced traders to cut market expectations for another big rate cut from the Federal Reserve (Fed) in November.
🕯Technical Analysis
Like the GBPUSD margin is being limited on the bearish main H4 candle. The immediate margin for the first days of next week is 1,102-1,095. Any bullish signs early in the week create buying opportunities and signals will be updated soon. The resistance zone that EURUSD is very respectful of at the moment is 1.107 where price, despite breaking out, has retested the previous day's zone when it fell to the present time. The two-month low of 1.090 will help EURUSD escape the prolonged slide of the past week.
📈📉Trading Signals
BUY EURUSD zone 1.090-1.088 Stoploss 1.086
SELL EURUSD zone 1.107-1.109 Stoploss 1.111
Gold prices fell sharply below 2,640Gold prices were volatile last week. After the US employment data was released at 7:30 p.m. on Friday, gold prices fell sharply below $2,640/oz, but then at 10:00 p.m. the same day, gold prices rebounded, reaching $2,670/oz but immediately fell back to $2,642/oz at 11:30 p.m. Currently, gold prices are little changed around $2,650/oz. The decline in the precious metal was limited by increased safe-haven demand due to concerns about escalating tensions in the Middle East.
There are several important data releases this week. The biggest risk for gold is the US consumer price index for September. According to Economists, the market will be eager to see whether inflationary pressures continue to ease, which will support the US Central Bank's easing cycle. Markets will also get the minutes of the Fed's most recent monetary policy meeting.
World gold prices decreased despite the decline in the USD index
💎 Middle East situation: If a military conflict occurs, it is likely that Russia and China will intervene, because they have declared their side to protect Iran. This could push gold prices up sharply due to safe haven demand.
📈 Technically, after yesterday's breakout session, gold's upward momentum has returned, so the main trend of gold price in the near future is still going up.
⚡️ Trading strategy:
Buy Limit orders around two areas 262x and 264x.
Take profit (TP): around the first zone 2645, the second zone at 2665-2670 or higher depending on developments.
Stop loss (SL): below 6 price level for each pending order.
⚠️ Note: Need to closely monitor reactions from the NONFARM report and the geopolitical situation, especially if any tensions escalate in the Middle East, which could cause major fluctuations in gold prices.
NVDA price bounced exactly at the green zone, around 115.25. WOWThe price bounced exactly at the green zone, around 115.25. WOW, do you remember my analysis of Nvidia from last week? I can't even believe it myself; it was incredibly accurate!
Every time I apply price behavior with price action, I always remember the words of my mentor, Al Brooks. He told me: "Just remember, Mike, price action is ALWAYS RIGHT."
I believe that it's the trader who makes mistakes, not the price action, because it will always be on the correct side.
That’s why I always recommend drawing trend lines, channels, and minimizing the use of indicators that might make you see something different. This way, you'll be more accurate in your decision when executing an order.
Going back to Nvidia...
There’s something about the last candle that has me a bit uneasy. This can be very misleading because the price HASN’T BROKEN THE CHANNEL YET! The advantage we have here is that the last candle shows a buying pressure wick, but it hasn’t fully broken out of the channel or shown volume yet. However, I still believe that Nvidia will likely break out at any moment because it bounced off my green zone, as we said in the previous analysis (well before), and it didn’t even reach the #4 sequence, which would have been at the channel’s support.
Now, we just need to wait for a breakout confirmation. But what will happen after it breaks out?
We’re looking for an N3 pattern.
An N3 pattern involves three movements:
#1 Breakout and New High
#2 Pullback and Rebound
#3 New Extreme
That simple.
Will it happen? No one knows for sure. The next step is the breakout, and after that, we let the price do what it needs to do so we can position ourselves for the next move.
Stay very alert this week!
Best regards, and thank you for supporting my analysis.
I Cannot Short This !!! situation+next targets.Now, as you can see, AAVE is in a cup and handle pattern on the weekly timeframe. This can be an incredibly strong signal for a price increase. If the breakout happens, AAVE's price could reach $243 in the new year, which is not far-fetched, just like the AB=CD pattern.
✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us.
Best regards CobraVanguard .💚
_ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
GBPUSD Analysis Week 41Fundamental Analysis
The British Pound (GBP) slipped below the round-figure support of 1.3100 against the US Dollar (USD) in New York trading on Friday. The GBP/USD pair extended its losing streak for a fourth session as market expectations for a 50 basis point (bps) rate cut by the Federal Reserve (Fed) fell again following the release of the upbeat US (US) Non-Farm Payrolls (NFP) report for September.
The CME FedWatch tool showed that the odds of a further 75 basis points (bps) rate cut by the Fed by the end of the year were all but gone after the US NFP data.
Dovish comments from Bank of England (BoE) Governor Andrew Bailey triggered a sell-off in the British Pound early on Thursday. In the second half of the day, the US Dollar (USD) remained strong and did not allow GBP/USD to recover after the September ISM Services PMI Index reached 54.9, surpassing the market expectation of 51.7.
Technical Analysis
Late Friday, GBPUSD recovered slightly to 1.311 after the NonFarm news release. For now, the trading range will be contained within the range of the H4 candle, also known as the main candle, with a price range of 1.317-1.307. Next week, pay attention to strong support and resistance zones to have the best trading strategy for yourself. The bottom zone of the previous month around 1.301 will be the main BUy zone for next week. The breakout zone of 1.323 coincides with the intersection of the two EMA lines, accumulating a large number of sellers waiting.
Trading Signals
SELL GBPUSD zone 1.323-1.325 Stoploss 1.327
BUY GBPUSD zone 1.301-1.299 Stoploss 1.297
BTC in Bearish Flag!!! Are we going deeper?Hey traders!
Short term update for Bitcoin.
So we have here:
1) Bearish flag on 1H timeframe
2) Descending volumes
3) Divergence from the BTC direction and volumes
For me, we can go to the next Fib level, which is 0,618 and it's an important one. After we could see the reaction and try to understand what can be next.
What's your thoughts?
EURUSD / TRADING ABOVE DEMAND ZONE - 4HEURUSD / 4H TIME FRAME
HELLO TRADERS
The price is currently trading above a demand zone (an area where buying interest is expected to increase) between 1.102 and 1.100.
It suggests that as long as the price remains above this zone, there may be a retest (a drop to the 1.100 level) before the price starts to rise again.
The next likely target is an FVG (Fair Value Gap, which refers to a price inefficiency) between 1.108 and 1.109.
Beyond that, there’s another FVG around 1.111 and 1.113.
On the other hand, if the price breaks below the demand zone (1.100) and closes a 4-hour candle beneath it, this indicates further downside movement.
The next downside target would be the FVG between 1.097 and 1.094.
Supply Zone : 1.120 and 1.121.
Demand Zone : 1.102 and 1.100.
FVG : 1.108 and 1.109 , 1.111 and 1.113.