Tradingstrategies
ETH - Selling SignalBYBIT:ETHUSDT
1H time frame
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ETH already broke out this ascending channle, also can call it Bearish Flag, here is a good place to open short with high leverage/low position.
Or we can short it after retesting the lower uptrend line again.
Targeting 1505
Stop loss if futrther candle close above the lower uptrend line.
Gold Forecast updatePlease write any advice or suggestions.
Dear friends, request any cryptocurrency pair, currencies pair for forex, and any index that you want to be analyzed and ask any questions.
Thanks for your attention
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Gold and XAUUSD
resistance zone is not strong, but if have pulled back and be the resistance more than 2 hours (the price cannot cross this zone in 1-H time frame), i close the trade
=> And I will have new Buy trading on the Monday, again <=
EURUSD D, ABOVE 0.9899 TARGET 1.0078, 1.0134, 1.0189
EURUSD Rebound From Below of Its Parity.
While Above 0.9899, EURUSD then Potential Rebound To 1.0078, 1.0134, 1.0189.
Resistance at 1.0268.
Strong Resistance at 1.0368, If Break then Bullish.
But While Below Fibo 61.8%, 1.0189, EURUSD is Still in Bearish Trend.
Strong Support at 0.9899, If Break, then Bearish Continue To Target 0.9840.
Next Bearish Target 0.9710.
(From AB=CD pattern, where D=0.9710).
BTC - Trade in this rangeBYBIT:BTCUSDT
1H time frame
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Bitcoin has been consolidating for 5 days, and forms obvious supply zone and demand zone.
Ranging is a good chance to set trading strategy, because it's easy to find the resistance and support levels.
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Resistance Levels: 21645, 21700
Support Levels: 20858, 20730
ATOM - Buying SignalBYBIT:ATOMUSDT
4H time frame
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ATOM has been going up with an uptrend since June 19th, and it is approaching to the uptrend line again.
It would be good if price gets support here, and we can set a buying strategy with a great risk to reward ratio as below.
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Entry: 10.3
Targets:
1) 10.745
2) 11.155
Stop: 10.325
R/R: 2.97
BTC - Bearish TrendBYBIT:BTCUSDT
1D time frame
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Bitcoin already falling through the lower uptrend line.
And we opend short at 24500, the unrealized profit is nice so far.
Further, the green box on chart means accumulation zone, so there will be the first support level to stop falling.
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BTC/USDT Price Level-
Support Levels: 21700, 21252
Resistance Levels: 24500
SAND - Buying signalBYBIT:SANDUSDT
4 Hours chart
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SAND is consolidating with lower highs and higher lows in a triangle.
Currently it is approaching to the downtrend again, we can open partial position at 1.315, 1.245 or wait for breakout.
If it can take out the downtrend line and close above it, targets as below.
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Targets:
1) 1.4313
2) 1.5136
3) 1.5468
Stop:
1) Breakout uptrend
Daily analysis and trade setups on NASDAQ 20220805Happy Friday, Happy NFP Day,
Macro : US NFP
The real battle now in NASDAQ is to keep it above 13200 or bring it down below 13160. We saw this battle play out in the last 3 days. Is NFP a catalyst in breaking one or the other?
This is one NFP where heart tells me to look for short trades and mind tells me to look for long trades.
Buy
Break: 13310, 13380, 13450, 13560
Reversal: 13200, 13160, 13110, 13040, 12970
Sell
Break: 13260, 13180, 13150, 13100, 13030
Reversal: 13360, 13430, 13540, 13630
Green Goblin levels are here >>>
Confluence fib levels are here >>>
EURUSD H4, BREAK ABOVE 1.0283, TARGET 1.0361EURUSD formed Bullish DIvergence (RSI Higher, Price Lower) and then broke its bearish trendline.
Now, EURUSD is testing its MA 200 H4 and FIbo 50% around 1.0283.
Break Above 1.0283 Retarget 1.0361.
Break & Hold Above 1.0361 Retarget 1.0473 & 1.0615.
Strong Resistance at 1.0615.
But Fail To Break Above 1.0283, Retarget 1.0108.
Break & Hold Below 1.0108, Bearish. Retarget 0.9952.
trading plan gold currently gold is above the midpoint of 1727, bullish momentum enters the area of 1732. if this price is touched, the chance for gold to be bullish is getting stronger, and will test the strong resistance at 1740-1745. whether gold is able to continue its rise today?
but it needs to be considered, a break of the key level 1722 can put pressure on gold down to test the support level 1712