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Is ENAUSDT About to Skyrocket or Fake You Out? Yello Paradisers ! Is #ENAUSDT finally ready to reverse its trend, or is this just a trap for unsuspecting traders? Let's dive into what we see in the charts and break down the key zones for you! 💎#ENAUSDT has been in a clear downtrend for several days, forming lower lows and lower highs on the lower time frames. It has been consistently trading within a descending resistance trendline, but there’s a critical shift: a breakout and retest of this trendline have recently taken place, along with a liquidity sweep that perfectly tapped into a major demand zone. 💎Now, the pair has managed to reclaim a previous support zone and is holding just above it. This change in behavior signals a potential bottoming formation, especially as we see the RSI showing signs of exhaustion. On top of that, a bullish divergence is building up, adding more weight to the case for a probable reversal. 💎The pair now has probability upside move towards the resistance zone at 0.3121, and if accumulation continues with strong buying volume, we could see a push towards the next resistances at 0.3388 and 0.3740. Keep a close watch on how it behaves around these levels, as they could define the next trend move. 💎However, don’t let your guard down! The trend setup will be invalidated if we see a 4-hour candle closing below the demand zone at 0.2563. Such a move would suggest that sellers are still in control, and this potential reversal could turn into a bear trap. Stay sharp, Paradisers! Will this be a breakout or a fake-out? Only time—and disciplined trading—will tell! MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Jack
1
GOLD → Retest of descending channel resistance in front of PPI..FX:XAUUSD is forming a double bottom from which a rally towards strong resistance is forming. CPI showed worse than expected data, surprisingly. Manipulation? Price has not yet moved out of the corrective channel. Ahead of PPI. Annual inflation fell from 2.5% to 2.4% (expected 2.3%). The probability of a 0.25% interest rate cut in November rose to 86% (vs. 0.5%) The disappointing Initial Jobless Claims data in the US overshadowed the hot CPI data for September, keeping the hope of a rate cut in November... Ahead is PPI, a fairly important report that could affect prices... The metal is trapped in a descending channel and there is a huge liquidity density above 2645. The bears, the custodians of this liquidity, may put aggressive pressure if PPI shows strong data... Resistance levels: 2645, 2651, 2660 Support levels: 2637, 2623, 2600 Technically, gold is in a correction phase. From the bottom of the channel a strong movement of 2% has been formed and there is not much potential to break through the resistance. The most probable outcome is a decline after a false breakdown or consolidation below 2640. BUT! It is not excluded that a surprise in the news can turn the picture in the opposite direction.... Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;) Regards R. Linda!
FX:XAUUSDShort
by RLinda
15
US's Resilient Economy Attracts European InvestorsHello! Chart Explanation & Indicators EURUSD has been bearish since the weak higher high on 25 September. You find this level in the upper zone. When MACD crossed to the bearish side on 30 September, EUR started a spectacular crash into the bottom zone. EUR pierced the bottom zone and now sits on the trendline. Historically, EUR rallied from this trendline on 27 June and 02 August, as the red circles demonstrate. Rising trendlines, however, tend to break downward eventually. MACD has an active bearish cross and a definite bearish trend. Momentum is growing more hefty to the bearish side. Bears could target the white zone at $1.088 or lower. Technical Zones There are two horizontal, red rectangular zones on the chart. The upper zone and the bottom zone . The bottom zone contained support levels where the EUR could bounce on 16 August and 12 September and hit the resistances of the upper zone. However, the EUR lost the support zone. The bottom zone might have become another resistance. The price sits on a rising, red support trendline now. The next zone that might function as a support is around $1.088. Conclusion The setup suggests a short position. The price resting on a supportive trendline casts a shadow on the suggestion. The signal might be bearish, but the entry doesn't seem ideal. I'll wait for the setup to change for a new assessment or the price action to align with the setup to catch a neat entry. Thankfully to all followers, Ely
Short
by Elysian_Mind
GBPUSD InsightHello, subscribers! Great to see you all. Please feel free to share your personal opinions in the comments. Don’t forget to like and subscribe! Yesterday, the U.S. released the September Consumer Price Index (CPI) and initial jobless claims. The September CPI showed a slowdown to 2.4%, compared to 2.5% in the previous month, but it exceeded the market’s expectation of 2.3%. Core CPI came in at 3.3%, also above the expected 3.2%. Initial jobless claims were 258,000, significantly higher than the market's forecast of 231,000. The market interprets this as inflation being more persistent than expected, while the job market remains uncertain. Within the Federal Reserve, Raphael Bostic, President of the Atlanta Fed, left the possibility of a rate pause open. However, John Williams, President of the New York Fed, and Austan Goolsbee, President of the Chicago Fed, emphasized a dovish tone, showing a division in opinion within the Fed. Meanwhile, in the UK, Bank of England Governor Andrew Bailey stated that if positive inflation data emerges, they may take more aggressive and activist steps toward cutting rates. Upcoming key economic data releases: - October 11: UK August GDP, Germany September CPI, US September PPI. - October 16: UK September CPI. - October 17: Eurozone September CPI, ECB rate decision, US September retail sales. The GBP/USD is facing resistance at the 1.34000 level, experiencing a pullback. The price has extended its decline to the 1.30000 level and appears to be preparing for a rebound from this area. If a rebound occurs, it could push the price back up to the resistance level at 1.38000. However, if the rebound fails, it is expected to fall further to the 1.27000 level. If the market moves differently than expected, I will quickly adjust the strategy.
by shawntime_academy
Did you buy at the high?From the intraday trend, there are signs of continued rebound. But it needs the promotion of news. Independent traders need to pay close attention to whether the pressure position of 2630-2634 above can be accurately broken through and stabilized. At present, the current price is around 2621. If you want to trade, there will be some profits in the short term. If the gold price breaks through 2634 quickly and stabilizes, the rebound will continue. COMEX:GC1! COMEX_MINI:MGC1! OANDA:XAUUSD CAPITALCOM:GOLD
OANDA:XAUUSDLong
by George_parse
Bullish rates reversal signals US dollar downside riskIf you want clues on directional risks for the US dollar, there are worse places to look than US 2-year Treasury note futures, shown in the left-hand pane of the chart. As one of the most liquid futures contracts globally, the price signals it provides can be very informative for broader markets, especially in the FX universe. Having tumbled most of October, implying higher US yields given the inverse relationship between the two, the price action this week looks potentially important. We saw the price take out long-running uptrend support on Wednesday before staging a dramatic bullish reversal on Thursday despite another hot US inflation report. The bounce off the 200-day moving average on the back of big volumes delivered not only a hammer candle but also took the price back above former uptrend support, delivering a bullish signal that suggests directional risks for yields may be skewing lower. You can see that in the right-hand pane with US 2-year bond yields hitting multi month highs on Thursday before reversing lower. But it’s the correlation analysis beneath the chart that I want you to focus on, looking at the strength of the relationship US 2-year yields have had with a variety of FX pairs over the past fortnight. USD/JPY has a score of 0.9 with USD/CNH not far behind at 0.89, signalling that where US 2-year yields have moved over the past two weeks, these pairs have almost always followed. EUR/USD, GBP/USD and AUD/USD have experienced similarly strong relationships over the same period with scores ranging from -0.88 to -0.96, the only difference being where yields have moved, they’ve usually done the opposite. The broader readthrough is that shorter-dated US yields have been driving US dollar direction recently, with rising rates fuelling dollar strength. But given the bullish signal from US 2-year Treasury note futures on Thursday, if we just saw the lows, it implies we may have seen the highs for US yields and the US dollar. Good luck! DS
Editors' picks
TVC:US02YEducation
by FOREXcom
$TSLA Buy the Rumor, Sell the News. Welcome to another edition of NASDAQ:TSLA buy the rumor, sell the news event live from California from the Warner brothers studio where we are sure to see plenty of on screen magic and prototype 's galore. The Fraudfather Elon Musk is dug into his hasty and no good bag of tricks again for the benefit of his pockets. This time he was goaded into revealing a prototype for the "RoboTaxi" He originally didn't have a concept for until a few months ago. The fact of the matter is we have rumors, news and technical breakouts to watch for in this stock. NASDAQ:TSLA has a significant and parabolic rally when Mr. Musk denied the rumors of no having a RoboTaxi concept and hurried to put one together as proclaiming he would reveal it to us in August.. which never happened. Now here we are in August where investment firms and hedge funds are going to sell the news of the event live on your portfolio overnight starting at 10pm. NASDAQ:TSLA has a classic and very predictable few fun facts about these technical wedges it loves to form on any time frame. If this holds true to form, we will either get an Early breakout of this wedge which is classic NASDAQ:TSLA price action. Or we will compress for one more wave to the bottom of this wedge for a Third touchdown higher low which is also classic to NASDAQ:TSLA price action. Once this last bottom is in we can fully expect 2025 to be an amazing year for NASDAQ:TSLA as the Technical breakout of a high timeframe chart concludes. In spectacular fashion we will find ourselves at or near the price target of 600$ Concluding a very measured and long awaited move. Buy the trend, not the news.
NASDAQ:TSLALong
by Midgar-
$NVDA "Breakout Retest GO" PT: $180 (By March)NASDAQ:NVDA breakout has a lot of momentum, played 135C for tomorrow nicely today but NOT overnight, but $140 in the next few days is high possibility... I expect a reject, it would coincide nice with my SPY wedge action which has only added more WEIGHT after AMEX:SPY bounce. AMEX:SPY price action; Will be watching and operating around these; 140C 10/18s @ 1.41 per SHORT TERM looking at 150C 3/18/25 14.20 per MID TERM -Prophecies
NASDAQ:NVDALong
by Prophecies_R_Us
Alikze »» XAUUSD| Descending channel - 1H🔍 Technical analysis: Descending channel - 1H - It is moving in a descending channel in the 1H time frame. - It is shaded in the area of ​​the bottom of the downward channel that there is an OB in the liquidity area. - There is an FVG gap in the 30MIN time frame. - Therefore, it can have a correction by filling the gap up to the liquidity area. In the FVG area, in case of selling pressure and confirmation, it can have a return to the liquidity area and after that it will grow again up to the channel ceiling. »»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« OANDA:XAUUSD
OANDA:XAUUSDShort
by alikze
Alikze »» XAUUSD| Descending channel - 1H🔍 Technical analysis: Descending channel - 1H - It is moving in a descending channel in the 1H time frame. - It is shaded in the area of ​​the bottom of the downward channel that there is an OB in the liquidity area. - There is an FVG gap in the 30MIN time frame. - Therefore, it can have a correction by filling the gap up to the liquidity area. In the FVG area, in case of selling pressure and confirmation, it can have a return to the liquidity area and after that it will grow again up to the channel ceiling. »»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« OANDA:XAUUSD
OANDA:XAUUSDShort
by alikze
My FINAL Bitcoin chart and Idea (forever)Everyone is too busy focusing on the wrong Technicals. Fear and Greed, RSI, MACD, Stock Markets, etc. All of these are good tools but we have to remember a few things: 1. Zoom out (Bitcoin follows the same 4-year cycle every time... this time is NOT different) 2. Keep it Simple (I'm tired of messy charts, only put what you need for the current timeframe) 3. Avoid Leverage (These areas are too risky and much too volatile... liquidity is getting grabbed at almost every level) Stay safe. I expect Bitcoin to retrace to $57k and then bounce back up... clear skies ahead if we can break out of this pattern I have drawn up. (If not we keep ranging as follows until we break significantly above the previous ATH) Peace out! It's been fun... I may return to crypto one day (if ykyk)
BINANCE:BTCUSDLong
by RetiredNovice
Expect gold to fall below 2600Gold is currently in a swing state and is still relatively weak, but even so, I did not choose to chase gold short at this time. Because in the short-term structure, gold has obviously built a double bottom structure in the 2605-2600 area, which is conducive to the rebound and repair of gold to a certain extent. Gold fell from the high of 2684 to around 2605, and the areas around 2635 and 2645 are exactly 38.2% and 50% of this round of decline. Then gold may rebound again in the short-term structure and touch the 2630-2640 area, which is why I am not in a hurry to short gold in the past two days. Today, CPI and initial jobless claims data will be released. Gold may rise first and then fall back under the influence of the data. So in terms of short-term trading, if you see gold rebound and touch the 2630-2640 area, you can boldly start shorting gold!
OANDA:XAUUSDShort
by Trading-Hawkeye