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Trend Line Break

🇺🇸 USDCAD 🇨🇦 - Growth of the pair along with the dollar indeUSDCAD may continue the growth phase within the local uptrend. The favorable background for the currency pair is the strong dollar, which is strengthening after last week's news. The pair may test the resistance and after a small correction continue the growth to the far target. Reasons for further gains: 1) A strong dollar that continues to rise 2) Against this background, the Canadian dollar is weakening. 3) Uptrend 4) Som local resistance structure
Long
by Gold-Tech
1
DONT MISS THE BUY Title: Gold Buy Opportunity: Targeting 200 Pips Move with Strategic Entry and Exit Points Description: 📈 Trade Setup: We've identified a promising buying opportunity for Gold with a target range set between 2030-2028. Keep a close eye on the extreme level at 2024-2022, as this marks a critical demand zone. 🎯 Target Profits: Our goal is to capture a 200 pips move, and we've pinpointed a potential H4 pullback around 2048-2050 as an opportune entry point. 📉 Risk Management: To mitigate risks, it's crucial to set stop-loss levels and closely monitor price action. Discipline and adherence to your trading strategy are key. 🔍 Technical Analysis: The analysis indicates a favorable setup, aligning with potential market trends. However, always remain vigilant to market changes and adapt your strategy accordingly. Happy Trading! 🌐📈 #Gold #TradingOpportunity #TechnicalAnalysis #RiskManagement
FOREXCOM:XAUUSD
by sabellaFX
My 5 potential trades for this weekTrend is long term bullish but currently bearish. We are close to hitting bearish trend line. Falling wedge with recent double bottom. Multiple FVG’s to be filled. All indicative of an impending reversal to initial direction. 1) long @ 1.07884 if $ & downtrend $ is swept 2) long @ 1.07225 if 4h $ & bullish $ is swept 3) long @ 1.08553 if OB & trend line $ is broken using OB as breaker block to be rejected. 4) short @ 1.08553 if OB is rejected 5) short @ 1.09328 if FVG & 4h $ is rejected being mindful of rejection off possible breaker block and bearish trend line for indication of reversal
by SLouise96
GOLD → The sideways movement continues. What's going on?FOREXCOM:XAUUSD continues to be in global and local sideways movement, which is already annoying. The difficulty of trading lies in the fact that it is more difficult to identify strong zones to enter positions than in a trending market. It is allowed to trade from strong borders or zones, otherwise the market will simply tear up. Technically, gold continues to push up to the 2048 resistance. After the false breakdown, there is no fall and we see that the price is slowly but approaching the boundary, but at the same time volumes continue to decline. Or, hidden accumulation of potential is formed and if the price continues slow approach to 2048.7 in the future, the level may be broken soon. But it is too early to say about it. The price makes a false breakdown of 2048.8 and on the retest makes it clear that bears are not letting up yet. On the background of the news, the price may head towards trend support, either from 2048.8 (after another retest), or after a break of 2040, as there are no local reasons for growth beyond 2048.8 at the moment. Support levels: 2039.4, 2030.9, 2020.8 Resistance levels: 2048.8, 2058.3 There are still some important news ahead, most likely the market will not change much, except for some highly volatile movements, but in general the price will remain in a range, probably until tomorrow's NFP TVC:DXY COMEX_MINI:MGC1! TVC:GOLD COMEX:GC1! Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
11
Gold continues to rise again, entry buy todayWorld gold prices increased slightly with spot gold increasing by 5.5 USD to 2,036.6 USD/ounce. Gold futures last traded at 2,055.5 USD/ounce, up 6.5 USD compared to yesterday morning. World gold rose to a two-week high on Tuesday as it was supported by dollar weakness and lower Treasury yields while focus turned to the Federal Reserve's policy meeting. US State (Fed) to better understand how this agency will cut interest rates this year. According to RJO Futures senior market strategist Daniel Pavilonis, much of gold's volatility is due to falling yields and the dollar being in the red. However, Pavilonis said that expectations about interest rate decisions also caused gold to increase. The Fed's policy decision will be made on Wednesday. Markets are expecting the US Central Bank to leave interest rates unchanged at the end of the meeting. Pavilonis, the Fed said that, with the desire to have a stable market, the Fed may not conduct many interest rate cuts and Mr. Powell will also maintain a neutral attitude. Data last week showed U.S. prices grew moderately in December, keeping annual inflation below 3% for the third straight month and potentially allowing the Fed to start cutting interest rates. According to senior analyst Ricardo Evangelista at ActivTrades, the Fed's monetary policy stance is currently the most important driver of gold prices. He said that even the safe-haven appeal of precious metals cannot counter changing market expectations around central bank monetary policy. According to this expert, the market's expectation that the Fed will actively cut interest rates could push gold to $2,200/ounce with an average annual price of up to $2,100/ounce.
OANDA:XAUUSDLong
by NicoTradingMaster
EURUSD → Pre-break consolidation. Lots of news aheadFX:EURUSD is forming a trend change amid the strengthening of the TVC:DXY . Important news is expected today, which can affect the market in different ways. On D1 we see the formation of a strong accumulation at the dollar index. Earlier and still the dollar index is supported by rather strong comments from the US regulators, which negatively affects the euro. The currency pair in turn breaks strong daily support and is gradually heading downwards. From a technical point of view, the fall may continue as the key area has not yet been tested. On the chart, it is clear that the 1.0700 area is an interesting zone at the moment. Resistance levels: 1.083, 1.0887 Support levels: 1.082, 1.0724 On H4, support is formed, which restrains the market - 1.082. A breakout and price consolidation below the level could form a bearish momentum that could continue the trend. But, as there is a lot of news today, try to trade safely! Regards R. Linda!
Short
by RLinda
10
GBPJPY → False breakdown and obvious bearish pressure FX:GBPJPY is forming a false break of the resistance at 188.3 and is forming a consolidation, within which it can be seen that the market is under pressure from sellers. On D1 we see the formation of the global range 188.3 - 179.9. The price is forging a retest of the resistance of the range in the format of a false breakdown. After that consolidation will be formed. So far it is difficult to call it a pre-breakdown consolidation, because on local timeframes the price movement is preparing for a price drop. Local highs are gradually decreasing and the probability of breaking through the base of consolidation - 187.38 level is increasing. In this case there is a probability of starting correction to 185.9, 184.3. Globally the market has no trend, because the price is in sideways movement, and locally it is still bullish, but when breaking through the base of 187.38, the market phase may change. Resistance levels: 188.3, 190 Support levels: 187.37 Indices of GBP, JPY currencies are standing still, GBP looks more optimistic, but on the background of geopolitics it gives prerequisites for correction, which can negatively affect the currency pair. Regards R. Linda!
Short
by RLinda
14
XRPUSDT → A favorable prospect within the uptrendBINANCE:XRPUSDT is testing trend support after exiting the triangle. Traders' interest in Ripple continues to grow on the unstable fundamental background On W1 we see a formed bottom, the bulls do not let the price to this area, continuing to cumulate the potential within the framework of gradually rising prices. An uptrend continues to form on the chart, but globally, Ripple is squeezed under strong trend resistance. On D1, price is testing support and one of the key liquidity areas. There is a chance that price could still test 0.493 in a false breakout format before further upside, but even at current price positions, the market has good potential for further upside to 0.7325. Support levels: 0.493, 0.420, trend support Resistance levels: 0.585, 0.648, 0.7325 Since the price movement is limited by a number of reasons both fundamentally and technically by the range boundaries, it is highly likely that the XRP movement will continue from support to resistance Regards R. Linda!
Long
by RLinda
16
GOLD → Resistance breakout in the absence of volumesOANDA:XAUUSD is breaking through several resistance lines. But there are a few nuances that hint that this breakout may be false. Pic: Global range and no clear strength among buyer or seller On the two charts from the high timeframe, we see a breakout of resistance. Technically, we should expect further growth. But I am very much confused by the lack of volumes . This fact suggests that traders do not support this movement, which can be formed with manipulative sense before the flow of strong news on Wednesday, Thursday and Friday. Pic: Growth and resistance breakout amid weak volumes Technically, the Market Maker may test 2045 and 2048.8 as this zone is also an area of interest. But there is still a high chance of a false breakout with further decline. Resistance levels: 2039.4, 2045, 2048.8 Support levels: 2035, 2030, 2025, 2020 The situation is tense. The market continues to stand still before strong news. Within the current range, we should expect trading to continue inside its boundaries. However, at the moment, there is still pressure from sellers on the back of a strong dollar TVC:DXY OANDA:XAUUSD COMEX:GC1! COMEX_MINI:MGC1! Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
39
Gold trading strategy today, Buy trend returnsGold prices steadied early in the US session on more safe-haven demand after a weekend terrorist attack in Jordan left three US soldiers dead. The recent attack on US forces in Jordan threatens to spread conflict in the Middle East, when US leaders are under pressure from Congress to take action in response. The world is anxiously waiting for the US military's response. President Biden said the US will respond. Developments in the Middle East cause gold prices to continue to rise. However, analysts say that the continuous adjustment of market expectations about when to cut interest rates by the US Federal Reserve (Fed) could hinder the rise in gold prices. The US Dollar Index (DXY) measures the greenback's fluctuations with 6 major currencies (EUR, JPY, GBP, CAD, SEK, CHF), at 103.48 points. In China, a Hong Kong court issued an order to liquidate Evergrande Group after the company failed to reach an agreement with creditors. The liquidation will be closely watched by the market.
OANDA:XAUUSDLong
by FalCol_TradingMaster
BITCOIN → Why the 42K level is important to usBINANCE:BTCUSD is not reacting to the negative news about Grayscale transfers to exchanges, and and the recovering interest allows the market to redeem the correction a bit. Pic: Idea: BITCOIN → Why might the price drop to 34K before halving? The correction phase is not over, as the price has not yet left the boundaries that can confirm the end of this phase. The market is recovering from a false break of the 40181 range support. Long-squeeze eliminated the buyers' orders in the support zone and within the range the price is testing one of the important 42K levels. At the same time: BTC for the second few days did not react to the negative news about Grayscale transfers to exchanges Flagship absorbed the news that the US government intends to sell the coin for $130 million Increased ineterest to BTC from traders and investors in China, who are looking for salvation in crypto instead of unstable stock and real estate markets within the country. Pic: Important level. Demonstration on the chart Interest in bitcoin is high, but there is quite an important event ahead for the market. Halving is expected in early April and statistically the market is shedding ahead of a possible rally. Whales have an interest to get in on more favorable positions, but at the same time the positive fundamental and technical background attracts investors even at current price levels. Price positioning relative to the 42000 level will determine the future outlook for the market. The consolidation of BTC above 42K may form the potential for strengthening the price to the range boundary - 44500, and the consolidation of the price below 42K will continue the decline to retest the support. Pic: Value of the level for further perspective When will the correction end? At the moment this phase is still active, a break of support 40700 - 41K will form a continuation of the decline, which in the medium term may head towards 48K, then 37K and 34K, where there is a huge pool of liquidity from buyers. The market may be interested in liquidating some passengers before further rally. But, in the current position, the correction phase may be over as the asset still has high interest. Breakout and consolidation of the price above 42K may confirm the market's intentions that it is ready for further growth in the near future, and Breakout and consolidation of the price above 44.5 - 45K will confirm the end of the correction. In this case the further target will be 48.2K and higher. CME:BTC1! CRYPTOCAP:BTC CRYPTOCAP:TOTAL Regards R. Linda!
BITSTAMP:BTCUSDLong
by RLinda
52
AAVE Bullish and aims 5% Higher!As you see on the chart, AAVE has reclaimed all support levels and looks to test the major liquidity levels above which is the POC and Weekly level above. I would expect a nice rejection after that level is reached. Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade. Every day the charts provide new information. You have to adjust or get REKT. Love it or hate it, hit that thumbs up and share your thoughts below! This is not financial advice. This is for educational purposes only.
by Navitility
GOLD → Resistance Retest. What is the chance of a short-squeeze?FOREXCOM:XAUUSD has been testing trend resistance since the opening of the session. At the same time, the dollar index continues to consolidate, but within the upward trend. Regarding the trend resistance XAU we observe a retest, if we pay attention to the volumes, they are absent. What is the probability of a short-squeeze in such a case? The market may go from local downward movement to a sideways phase, as evidenced by the unclear market environment and global flat trading in the whole forex. The new range in gold could be: 2035-2020, or 2060-2020. There is an important resistance ahead - 2035, which may be of interest to the market maker because there is a huge pool of liquidity above it, which can be determined by the volume profile. Resistance levels: 2035, 2039.4 Support levels: 2020, 2010 At the moment it is worth looking at the resistance at 2035 and 2039.4. * A false break of the lower one will generate signals for the continuation of the range formation. In this case, the price will head towards the support. * But a breakthrough and price consolidation above 2039.4 will form a signal for the continuation of growth to 2040-2060. TVC:DXY COMEX:GC1! TVC:GOLD COMEX_MINI:MGC1! Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
16
Mastering Trend Analysis in Crypto Trading: Tutorial !Unveiling the Art of Trend Analysis in Bitcoin Trading Welcome to a comprehensive guide that will empower you with the skills to master trend analysis in Bitcoin trading. In this extensive tutorial, we'll explore every nuance of identifying trendlines, understanding structural points, and navigating the complexities of different market scenarios. Illustrated with practical examples and annotated charts, you'll gain insights into distinguishing between ranging markets and trending channels, and how significant breakouts and confirmations signal trend changes. Deciphering Trendlines and Structural Points 1.1 Defining Trendlines: Delve into the essence of trendlines and their crucial role in technical analysis. Understand the significance of structural points: higher lows, higher highs, lower highs, and lower lows. 1.2 Identifying Trends in Bitcoin: Analyze Bitcoin price charts to identify structural points that signify the emergence of upward or downward trends. Explore examples of higher highs and higher lows in bullish trends and lower highs and lower lows in bearish trends. Ranging Markets - When Trading Takes a Pause 2.1 Recognizing Ranging Conditions: Differentiate between trending and ranging markets, highlighting the characteristics of sideways price action. Emphasize the challenges and importance of patience during range-bound periods. 2.2 Analyzing Range-Bound Bitcoin: Illustrate Bitcoin charts during ranging conditions, showcasing the absence of defined higher highs or lower lows. Discuss strategies for navigating range-bound markets and waiting for clear trend signals. Section 3: Trading Channels - Dynamic Play of Bulls and Bears 3.1 Understanding Channel Dynamics: Introduce channels as a distinct form of trending, encompassing upward (ascending) and downward (descending) trends. Explore how channels create dynamic opportunities for traders. 3.2 Decoding Channel Breakouts: Explore Bitcoin charts in ascending and descending channels, emphasizing the significance of breakout points. Discuss how trend changes are confirmed only after a sustained breakout and closure beyond a trendline. Section 4: Putting Knowledge into Action - Real-Life Examples 4.1 Example 1: Trading Higher Highs in a Bullish Trend: Dive into a specific Bitcoin chart showcasing a clear upward trend with higher highs and higher lows. Discuss potential trading strategies aligned with the bullish trend structure. 4.2 Example 2: Navigating Lower Lows in a Bearish Downtrend: Analyze a bearish trend scenario with lower highs and lower lows, emphasizing risk management strategies. Discuss the psychological aspects of trading during downtrends. 4.3 Example 3: Channel Trading and Spotting Breakouts: Examine a Bitcoin chart illustrating a channel, showcasing the dynamics of trading within the channel. Discuss breakout scenarios and how to discern a genuine trend reversal. Conclusion: Mastering the Art and Science of Bitcoin Trend Analysis As you conclude this comprehensive journey through Bitcoin trend analysis, remember that expertise in this domain is a continual process. Regularly reassess your technical skills, stay attuned to market dynamics, and apply these principles with flexibility. Whether you're navigating ranging markets or identifying breakout points within channels, understanding trendlines is your compass in the vast landscape of cryptocurrency trading. 💡 Building a Solid Foundation | 📈 Trendlines Unveiled | 🔄 Navigating Ranges | 🚀 Channel Breakouts Decoded 💬 Join the conversation: Share your experiences in trend analysis, ask questions, and connect with a community dedicated to honing their Bitcoin trading skills. 🌐✨
Education
by Yaroslav_Krasko
3
GOLD → Pressure on XAU price. Consolidation below MA-50FOREXCOM:XAUUSD continues to forge a bearish correction amid a localized decline in interest due to a strengthening dollar index. Pic: Bearish pressure on the 2025 level On D1 we can observe the sawing of 2025 level on the background of strong struggle, buyers have formed quite a huge pool of liquidity below 2025-2020. But on the background of market pressure the price still enters the range 2025 - 1984. And we can see it on the background of confirmation in the form of price consolidation below the resistance. There is a lot of strong news in the coming week, starting from the FOMC, FEC speech, which will obviously discuss the further situation with inflation and interest rate, and NonFarm Payrolls on Friday. This period is expected to be quite volatile, but only in its second half. Pic: The priority trend on H1 is bearish. Downward price channel Technically, on the local timeframe we see the formation of a bearish price channel, earlier the price overcame the 2035-2020 consolidation support, at the moment the market is in the correction phase and retesting the previously broken area. On D1 the gold is consolidating below the daily MA-50 and essentially opens us a new path for a possible decline, as now the market and whales may be interested in the 2000-1984 area, before a possible further rise. From the opening the market may form another retest of the 2020-2025 resistance area before continuing the local trend TVC:DXY COMEX:GC1! TVC:GOLD COMEX_MINI:MGC1! Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
8