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Is MYROUSDT About to Explode? Here’s Why You Can’t Miss !Yello, Paradisers! Are you ready for what could be a massive move in #MYROUSDT? Here's why this setup is flashing some serious potential. 💎#MYROUSDT has been climbing in a consistent uptrend, forming higher highs and higher lows—a strong signal of bullish momentum. Recently, after hitting a higher high, the pair pulled back to the key Fibonacci retracement zone of 0.618-0.66, an area where buyers often step in. And guess what? That’s exactly what happened! A solid reaction followed, pushing the price upward once again. 💎Here’s where things get really interesting. The pair also swept sell-side liquidity, clearing out weak positions and building the foundation for another strong move. The formation of equal lows has further confirmed that liquidity is building up. After this retracement and liquidity grab, there’s now a strong probability we’ll see a Change of Character (ChoCH), which would solidify the higher low formation and launch the pair back toward the resistance zones. 💎The area of Resistance Zone 0.1326-0.1350 lines up with previous highs and could present the first challenge. Major Resistance Zone is spotted at 0.144-0.148 – A break above this level could signal a strong continuation of the uptrend. 💎However, the bullish thesis will be invalidated if we see a close below the key support level of 0.9462. If that happens, be prepared to reassess and wait for another high-probability setup. Stay disciplined, Paradisers! Always wait for confirmation, and remember, consistent profitability comes from patience and playing it smart. We’re in this for the long game, not a quick win. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Jack
GBPJPY Potential Up Trend ContinuationGBPJPY is forming a bullish trend, marked by higher highs and higher lows on the 1H timeframe. Recently, it broke and closed above the 195.600 resistance zone, a level that had been tested multiple times. Following this breakout, the market could surge toward the upper boundary of the channel. Given the choppy market behaviour since the beginning of October, this breakout could potentially be significant. The target is the resistance zone around 196.900
Long
by RTED_Investing
TRXUSDT potential Up Trend continuationTRXUSDT pulled back toward the swap zone, which has been tested multiple times before, and took liquidity below the equal lows, creating a false breakout at this significant level. Despite this, the overall trend remains bullish, and the market may enter a short-term sideways phase between 0.1570 and 0.1650. The presence of a recent bullish candle supports the potential for upward continuation. If the market holds above the swap zone and regains momentum, a move higher is likely. The target is the resistance zone around 0.1620
Long
by RTED_Investing
EURUSD Bearish momentumEURUSD has bounced off the resistance level and has been in a bearish trend since the start of October, marking three consecutive bearish weeks. It's likely that the price will pull back toward the resistance zone before resuming its downward movement. If the price pulls back against the main trend, this could result in a classic correction, followed by trend continuation. The market may form a complex pullback toward the resistance area near 1.0900 and the downward trendline, after which we could see a sell-off as the bearish momentum continues. The target is the support level around 1.07920
Short
by RTED_Investing
#GBPJPY: UPDATED VIEW 24/10/2024 **GBPJPY UPDATED VIEW BASED ON PREVIOUS ANALYSIS** Dear Traders, I hope you are doing well. Based on our previous analysis of GBPJPY, we identified two potential selling opportunities within the market. However, the bullish sentiment in the DXY currency pair has had a significant impact on JPY, causing it to fall short of its full value within the daily timeframe. As of today, we have observed a potential exhaustion of DXY’s bullish momentum, with four-hour candles indicating a strong bearish pressure. This development presents an opportunity for JPY to rebound, potentially allowing us to secure substantial profits within the market. Now, let’s focus on the GBPJPY currency pair. The price has extended its bullish trend, although there is a possibility of a reversal from its current position. We recommend implementing appropriate stop-loss orders for any sell entries taken from the current market price. If the initial entry fails, we are confident that the price is likely to reverse from our second entry. Before making any decisions based on this analysis, it is essential to conduct your own research. This analysis is solely for educational purposes and should not be considered financial advice. We appreciate your feedback and support. If you find our work valuable, please consider liking and commenting on our ideas. Additionally, following us will provide us with encouragement and motivation. Best regards, Team SetupsFX_
Short
by Setupsfx_
19
IDUSDT: Bullish Breakout or Panic-Inducing Breakdown?Yello, Paradisers! Are you ready for a major move on IDUSDT? If you’ve been keeping an eye on this one, you might be in for a game-changer! 💎IDUSDT is approaching the resistance trendline, forming a classic Cup & Handle pattern—and we’ve got a bullish divergence in play. 💎If IDUSDT breaks and closes a candle above the resistance zone, it will confirm the Cup & Handle pattern, significantly increasing the odds of a bullish reversal. This could be your signal to ride the wave up! 💎Now, if we get a pullback, don’t panic. We’re eyeing a bounce off the support zone. But for a safer bet and higher probability in our favor, we need to see a bullish I-CHoCH in lower timeframes for confirmation. 💎On the flip side, if the price breaks down and closes candle below the support zone, that’s a red flag. It will invalidate our bullish scenario altogether. Be patient, wait for the right confirmation, and avoid emotional decisions. Smart trading is about following the strategy and never rushing the market. Stay sharp and disciplined, Paradisers! 💪 MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
8
Palladium is the new Gold... Thank me later!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📌What is Palladium used for? Palladium is used in catalytic converters for automobiles, in fuel cells to generate power, in jewelry, dental fillings, and electronic components. Catalytic converters convert the toxic gases from automobiles into less harmful substances. 📌How Rare is Palladium? Palladium is one of the rarest metals on earth and even more scarce than platinum – 15 times more rare to be precise. If all the platinum in the world fits in your house, then every ounce of palladium can easily squeeze inside your living room. 📌Technical Analysis: This week, Palladium rejected the $1000 round number and support zone and broke the Daily structure marked in red. As long as the bulls hold, I expect a bullish continuation towards the $1700. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
TVC:PALLADIUMLong
by TheSignalyst
11
SUI: Hurst Cycles and Elliott Wave Align for Potential UpsideSUI is following the Hurst cycles quite closely, with the price movement rising and falling in line with these time-based signals. These cycles give us a useful indication of when certain price actions may occur. Given that the peaks have aligned well with the midpoint of previous Hurst cycles, we could see more upside for SUI in the short term. Additionally, the Elliott Wave pattern (1,2,3,4,5) further supports the idea of potential continued upside. This signals a possible hold for now, as we wait for either a break of the upper trendline, which could lead to higher highs, or a reversal, keeping SUI within its current channel. Follow for more.
by cryptechcapital
Buy XAUUSD at a low level. Today, the New York market dealt a severe blow to bullish investors. Shortly before the opening, prices began to decline, reaching a low of 2708, with a drop of approximately 50 points. This downward movement was primarily driven by heightened bearish sentiment resulting from overbought conditions, as well as negative news and comments from the Federal Reserve Chair. These combined factors led to a rapid decline in gold prices over several hours. Currently, bearish sentiment appears to be persisting. In the short term, we need to observe whether the market stabilizes in the 2700-2708 range. If stability is achieved, gold may rebound to the 2741 level, as the market has formed a double bottom support at the hourly level. Conversely, if the market fails to stabilize in the 2700-2708 range, the lower channel will open, potentially exacerbating the downward sentiment and increasing bearish pressure. Latest Trading Thoughts: The New York market is expected to maintain a low-range consolidation with limited trading opportunities; hence, a cautious approach is advisable. Focus on movements in the Asian market and any bullish news stemming from geopolitical developments. If the New York market does not drop below the 2708 level before the close, the probability of a rebound in the Asian market exceeds 98%, making a bullish stance prudent. Trading Plan: Buy Zone: 2711-2708 Take Profit: 2725-2740 Stop Loss: 2700 For those unfamiliar with trading, please stay updated on real-time trading strategies. CAPITALCOM:GOLD OANDA:XAUUSD
OANDA:XAUUSDLong
by George_parse
1
GBPUSD InsightHello to all subscribers! Please share your personal opinions in the comments. Don't forget to like and subscribe! Key Points - The Bank of Canada lowered its benchmark interest rate by 50 basis points from 4.25% to 3.75%. - In a U.S. 20-year Treasury auction of $13 billion, the yield was set at 4.590%, 5.51 basis points higher than the previous auction, marking the highest level since May. - The October Beige Book assessed that U.S. economic activity remained unchanged in almost all regions since early September. - Reports suggest that ECB policymakers have begun discussions on lowering the policy rate below the neutral level. - The U.K.'s September CPI rose by 1.7%, with a 91% chance of a rate cut in November. Economic Indicators - October 24: Speech by the BoE Deputy Governor, U.S. Manufacturing PMI, U.S. Services PMI, U.S. Initial Jobless Claims - October 25: Speech by BoE Governor Bailey Chart Analysis Currently, GBPUSD is in an upward trend but is facing resistance at the 1.34000 level and is showing signs of pulling back. Since the price is forming near the support level, there is potential for a rebound. However, if it breaks below the 1.29000 level, further declines to the 1.26000 level are expected. A rise toward the highs may occur within this range. We will quickly adjust our strategy if movements differ from expectations.
Long
by shawntime_academy
Taking another LONG ride at 58.61 with TMF (oversold)It worked well last time (+11.9% in 7 trading days) and even better the time after that when I FORGOT to trade it - see my last idea for TMF for how that went. So I went long at 58.61 this morning. I'm not missing this train again. I don't think rates are going up any time soon and neither does anyone else. I think this is a buy the rumor sell the news pullback that is part of a larger uptrend as part of this rate normalization regime by the Fed. I also think we are getting back to a normal world where the bond market is not so highly correlated with stocks. Given that I think the market may take a little rest this week, it seems like a good time to get in on TMF. Will add more if it stays oversold and will sell lots when they become profitable. As always, this is market edutainment and a play by play of my trading, not investment advice, and should not be taken as such. Trade at your own risk.
AMEX:TMFLong
by redwingcoach
3
XAUUSD Strong Bullish Momentum1. Trend Uptrend: The price is trending upwards within the ascending channel, with higher highs and higher lows, indicating a bullish market sentiment. 2. Support and Resistance Support: The lower boundary of the channel acts as dynamic support, where price has bounced multiple times. If the price continues to move within this channel, it may find support around the 2,680-2,700 USD range. Resistance: The upper boundary of the channel acts as resistance. If the price reaches this level, it could face resistance near 2,750-2,760 USD in the near term. 3. Price Action Bearish Candle: The recent candle shows a significant drop (-1.11%), indicating bearish pressure. The price is testing the lower channel boundary, which could be a critical support zone. Potential Reversal: There seems to be a projection for a bullish bounce off the lower boundary, suggesting a possible upward move back towards the mid-to-upper range of the channel, as shown by the zigzag projection on the chart. 4. Projections Bullish Scenario: If the price holds at the lower boundary and rebounds, it could aim for a move back towards the upper channel line, targeting around 2,760-2,780 USD. Bearish Scenario: If the price breaks below the lower boundary of the channel, it could signal a shift in the trend, potentially targeting support levels below 2,680 USD. 5. Key Levels Immediate Support: 2,700 USD (channel support) Immediate Resistance: 2,750 USD (upper channel resistance) Potential Targets: A bounce could aim for 2,760-2,780 USD, while a breakdown may push the price down to 2,660 USD or lower. In summary, the XAU/USD pair is in an overall uptrend but is currently facing a pullback near channel support. The next few sessions are critical to see if the price respects the channel or breaks downwards. If the support holds, a bullish continuation is possible.
FX:XAUUSDLong
by YogaID