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Trendcontinuation

XAUUSD | Perspective for the new week | Follow-up detailsMy bias on this pair remains bullish as activity returns into a critical zone identified as the key level at $1,800 - a psychological number. Since my last speculation on this pair, we all witnessed close to 5,000pips run before "profit takings" happened in the penultimate week which sent price crashing but last week's activity could not push price further down. Market participants will probably wait for the US January Consumer Price Index (CPI) data, a report I think will have a significant effect on the yellow metal this week hence we might see the indecision in price action around the new Demand level in the form of a consolidation phase before a spike! Tendency: Uptrend (Bullish) Structure: Supply & Demand | Trendline Observation: i. Between the month of September 2021 and mid-November 2021; the price of Gold moved north with approximately a 9% growth in value - a significant feat in recent time to signal a bullish momentum evolving behind the scenes as the $1,830 zone which has been a strong niche for sellers was finally broken to set a bullish tone in the market. ii. After this significant breakout, the price has continued to break above the $1,800 level followed by multiple rejections as buyers prevent sellers from taking the price further down, a character that reveals buying power at this juncture in the market. iii. And in the last 3 months, the Trendline drawn under pivot lows continues to hold price within its range to keep the hopes of buying opportunity intact. iv. The $1,780 level have been keeping price "supported" since the beginning of the year -2022. v. Now, with the identification of a new demand level around $1,780/1,800; I feel comfortable taking a long position above the key level with options of adding to my existing position at breakout/retest of $1,825 in the coming week(s). vi. It is worthy to state here that, if we experience a break below $1,780 in the coming week which will also share a confluence with the breakdown of the Bullish Trendline, then a rejection of this Trendline should confirm a selling opportunity... Trade consciously!😊 You might also want to look at my previous perspective for referencing - see link below Trading plan: BUY confirmation with a minimum potential profit of 10,000 pips. Risk/Reward : 1:5 Potential Duration: 5 to 15days NB: This speculation might be considered to make individual decisions on the lower timeframe. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
OANDA:XAUUSDLong
by darcsherry
1
US30 Scalping Setup 01/24/22**Trend is still Bearish, so bears are in favor. Price might do a pullback leading up to market open and then continue bearish. Waiting for the volume to enter the markets and then my signal to enter. ***Everything becomes invalid if price breaks and closes above 34540*** 1. Last week’s low 2. Pullback during market close (aka Asian session) 3. Price has retested the previous low and has formed a new lower low. 4. Price can either form a level of resistance at 34248 or break back into this range to then form a lower high and with market open volume, continue the bearish trend. 5. Waiting for a break of 34100 for price to at least continue bearish to 33980
UShort
by dreadhead4_life
USD / ZAR 15.34990 +1.79 % SHORT IDEA * TR CONTINUATION PATTERNHEY EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, HERE'S A LOOK AT POSSIBLE SCENARIOS THAT COULD PLAY OUT IN THE COMING WEEK ON THE DOLLAR / ZAR PAIR. * The PAIR is still trading in a large ascending channel from higher time frames but seems the channel now consolidating in a descending channel within this structure. - Short term the pair has currently entered a down trend as WE break below on the 4h chart. - we are currently consolidating in a descending triangle on the 4H. - There is a supply zone THAT WAS TESTED & REJECTED AT 61.8 fib before we continued with the bears. - Looking for SHORT entries on the pair this week should all the rules of the formation be met. HERE'S WHERE WE WHERE ON THIS PAIR IN THE LAST WEEK. lets see how it goes IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE SMASH THAT LIKE BUTTON & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ * Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - SWING TRADE
Short
by PULEMokhothu
AUD / USD 0.71840 +0.04% SHORT IDEA * CONTINUATION PATTERNSHELLO EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, HERE'S A LOOK AT POSSIBLE SCENARIOS THAT COULD PLAY OUT IN THE COMING WEEK ON THE AUD / USD PAIR. * The PAIR is currently trading in an ascending channel but seems the channel now consolidating in a descending channel within this structure. - Short term the pair has currently entered a down trend as WE break bellows on the 4h chart. - There is a supply zones to look out for on the pair at 50 % fib before we continue with the bears & possibly 61.8 %. - Looking for SHORT entries on the pair this week should all the rules of the formation be met. lets see how it goes IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE SMASH THAT LIKE BUTTON & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ * Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - SWING TRADE
Short
by PULEMokhothu
EURUSD > Prediction for A Possible Buy Entry!!Analysis on #EURUSD Have been watching the EURUSD for a while, as you can see it is stuck in this range since the end of November and it is now formed a triangle pattern on the daily time frame. the pattern usually breaks to the upside, as you can tell the market has been forming higher highs near the trend line support which indicates to me the interest in buying the ERUSUD is there. Plan: >> if the market breaks and closes above the trend line resistance I will then drop a one-time frame and start looking for a trend continuation opportunity to get into buying trade. >> If the market fails to break to the upside as predicted and in fact moves to the downside then this analysis is not valid anymore ________________________________________ Dear Traders, the best " T h a n k Y o u " will be your likes and comments! Thanks for your continued support! ________________________________________ Disclaimer: This information is not a recommendation to buy or sell. It is to be used for educational purposes only**
by TheTradersAvenue
3
XAUUSD | Perspective for the new weekWe witnessed over a 9,000pips move since my last publication on this pair (see link below for reference purposes) and the present structure reveals that price has continued to find higher lows since it hit bottom at $1,720. The Demand zone around the $1,770 area appears to be getting stronger as it continues to reject the sellers in the last 2 months. It is obvious that there were mixed feelings amongst market participants on Friday as investors digested payroll data and its potential impact on Federal Reserve policy in the final session of an already roller-coaster first trading week of the year. Tendency: Uptrend (Bullish) Structure: Breakout | Supply & Demand | Trend continuation (78.6% retracement) Observation: i. I noticed that between the month of September 2021 and mid-November 2021; the price of Gold moved north with approximately a 9% growth in value - a significant feat in recent time to signal a bullish momentum behind the scenes. ii. $1,830 zone which has been a strong niche for sellers was finally broken on the 10th of November 2021 to set a bullish tone in the market. iii. A breakout of the key level identified at $1,800 was broken the second time in December 2021. iv. Trendline: The visual representation of a line drawn under pivot lows reveals the prevailing direction and speed of price action in the last 3 months. v. It is also worthy to note here that the correction phase of the Impulse leg appears to have completed at exactly 78.6% ($1,754) as the price continue to respect the bullish trendline identified on the chart. vi. In this regard, I shall be looking forward to a Breakout/Retest of the Key level @ $1,800 to jump in the potential rally in the coming week(s) with hopes of adding to my existing position at Breakout/retest of $1,830 level. NB: After all this has been said, I think it will be proper to consider the possibility of a breakdown of the Bullish trendline which might change our previous expectation with confirmation to sell if we witness rejection of this line after breakdown ... Trade consciously!😊 Trading plan: BUY confirmation with a minimum potential profit of 1,500 pips. Risk/Reward : 1:5 Potential Duration: 15 to 20days NB: This speculation might be considered to make individual decisions on the lower timeframe. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
OANDA:XAUUSDLong
by darcsherry
LONG FTM 2.78 TARGET 3.2 and 3.7the stoploss is at 2.60 which is yesterday's target, if price turns back from here we could get an extension down. The overall structure is bullish. I've just checked the 2 hrs time frame it shows that the bounce happened at its 38% which is a sweet zone for bounce. MY reasons to play long is that there's more growth opportunity than the decline probabilities from here. Yesterdays downfall was almost expected and quite violent, it was needed to shakeoff a few noobs which were long and induce a bear mindset, this is how the market gets you shorting the bottom while it goes slowly and steadily up. Yesterday we shorted the top now we long a bounce, it's the most probable trade to do If you find this helpful please help by subscribing to ftx using my referral link, i'll be giving you quality signals for free here ,
FTX:FTMPERPLong
by Rey2010
US30 Scalping setup for 12/23/21*Bias is bullish for the short term due to bullish movement all week. Price could possibly continue to break to the upside until 36160 area, which is a major level of resistance on the HTF. Or Price can break the level of support to retrace its bullish momentum from yesterday. This is a game of patience since we are currently in a 139p range. Waiting for market open volume to look for a trade after the close of the 15m or 30m candle close.
ULong
by dreadhead4_life
2
Bitcoin > Prediction and ExpectationAnalysis on #Bitcoin Bitcoin flashing bearish signals as you can see on my chart bitcoin formed a triangle pattern, this is a continuation pattern to the downside. BTC has been trying to bounce off of the recent bottom but has not been able to do so with each bounce being shorter than the previous one. I don't want to see the market collapses from here but that's only my wishes and reality might be something different, if we stay here without any meaningful bounce to the upside, sellers will be encouraged to attack the market However, if BTC closes above 51950 this will be bullish and will attract more buyers Like and comment will be highly appreciated, thank you so much for your support. Check today analysis below⠀
BITSTAMP:BTCUSD
by TheTradersAvenue
8
USDCAD 1.26362 + 0.31 % LONG IDEA * PRICE ACTION HELLO EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, HERE'S A LOOK AT POSSIBLE SCENARIOS THAT COULD PLAY OUT IN THE COMING WEEK ON THE DOLLAR / CAD * looking for trend continuation on this pair. IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE SMASH THAT LIKE BUTTON & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ * Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - SWING TRADE
Long
by PULEMokhothu
USDZAR 15.72020 + 0.5 % LONG IDEA * CONTINUATION PATTERNSHELLO EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, HERE'S A LOOK AT POSSIBLE SCENARIOS THAT COULD PLAY OUT IN THE COMING WEEK ON THE DOLLAR / ZAR. Looking for continuation on the pair for a completion of the impulse. IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE SMASH THAT LIKE BUTTON & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ * Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - SWING TRADE
Long
by PULEMokhothu
US100 16591.0 + 0.5% LONG IDEA * TREND CONTINUATIONHELLO EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, HERE'S A LOOK AT POSSIBLE SCENARIOS THAT COULD PLAY OUT IN THE COMING WEEK ON NASDAQ, US100. Will we see a bullish continuation to - 61.6 % fib ( 16933.00) level in the coming week. * The index is still strongly bullish * Tested and rejected 61.8 % Fibonacci level signaling continuation * Broke above of structure. lets see how it goes. IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE SMASH THAT LIKE BUTTON & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ * Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - SWING TRADE
ULong
by PULEMokhothu
EURUSD 1.12809 - 0.8 % SHORT IDEA * TREND CONTINUATION HELLO EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, HERE'S A LOOK AT POSSIBLE SCENARIOS THAT COULD PLAY OUT IN THE COMING WEEK ON THE EUR/USD PAIR * The DOLLAR has had a good week gaining strength against the EURO in this past week now the pair created a bera flag pushed up for a retest of the 61.8 % fib level, a shift of momentum with the bears signals continuation of the trend. * Or a break below of the doble bottom formed at the bottom of structure. IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE SMASH THAT LIKE BUTTON & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ * Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - SWING TRADE
Short
by PULEMokhothu
1