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EURUSD Momentum Break: Trade Setup and Alternative ScenarioBased on this morning’s analysis, we’ve seen a break above the momentum high, signalling that buyers remain confident the EURUSD isn’t too overvalued. As a straightforward principle, we trade what we observe. Buy above the momentum high, aiming for the next decision point at 1.1140 (H4 Structural Point). Stop Loss: What gets you in, gets you out! Technically, if the price drops back below the momentum high (1.10899), it will be a negative signal for buyers. Therefore, we’ll set a conservative stop at 1.1085. Profit Target: 1.1134 (Fibonacci Target) 1.1140 (Structural Target) Alternative Scenario: If the price breaks below 1.1085, buying is no longer advised. We will reverse the position for a trend reset trade towards the Fibonacci buy zone range of . Happy Trading!
Long
by Charts247TradingAcademy
1
“The gold price is going up”In the US, the Producer Price Index (PPI) experienced a slight slowdown in August. Weekly unemployment benefit claims rose by 2,000, reaching 230,000. Following this data release, the decline in the dollar deepened. Meanwhile, the yield on 10-year US Treasury bonds fell to 3.62%. As a result, gold prices tested the 2570 resistance level. From a technical perspective, if prices remain consistently above the 2570 resistance level, an increase to 2600 and then to 2650 could occur. On the downside, if the price falls below the 2570 support level, a pullback could extend to 2535 and then to 2482.
OANDA:XAUUSD
by primequotes
Gold Trading Strategy: A Professional Approach to XAUUSD 👀 👉 This comprehensive video presents a sophisticated trading plan for the XAUUSD (Gold/US Dollar) market, designed to maximize profitability through a structured approach. We delve into crucial aspects of technical analysis and leverage TradingView's advanced tools to gain a competitive edge in the markets. Key topics covered include: 1. Trend identification and analysis 2. Entry and exit criteria 3. Market overextension assessment 4. Discount entry strategies aligned with institutional positioning 5. Higher timeframe trend analysis combined with 4-hour chart entry points 6. Price action and market structure interpretation Our methodology emphasizes the importance of avoiding premium entries in bullish markets and instead focuses on identifying optimal discount entry opportunities. By aligning our strategy with institutional movements, we aim to enhance the probability of successful trades. The video provides a detailed exploration of various technical analysis components, including: - Trend analysis techniques - Market structure interpretation - Price action patterns - Overextension indicators - Traded Volume indicators - Multi-timeframe analysis (higher timeframe trend combined with 4-hour chart entries) This comprehensive approach to XAUUSD trading is designed to equip traders with the tools and knowledge necessary to navigate the gold market effectively and potentially increase their trading success. Disclaimer: Trading in financial markets carries a high level of risk and may not be suitable for all investors. The information provided in this video is for educational purposes only and should not be construed as financial advice. Past performance is not indicative of future results. Always conduct your own research and consider your financial situation before making any investment decisions. Trade responsibly and use proper risk management techniques. 📉✅
FX:XAUUSDEducation
by fxtraderanthony
17
Catch Big Market Moves: How to Trade Liquidity Zones Like a Pro The charts provided showcase potential scenarios based on different liquidity zones (LQZ) on multiple timeframes, such as 15M, 1H, and 4H. Let's break down the key insights from the images: Key Levels: Weekly Flag Trendline: This yellow trendline represents the long-term trend and acts as a major resistance or support. It’s crucial to monitor price action around this level for significant moves. 4HR LQZ (Liquidity Zone) at 2,532.077: This level signifies an important area of liquidity on the 4-hour chart. It’s a potential reversal point or continuation area depending on how the price interacts with it. 1HR LQZ and 15M LQZ: These shorter timeframe liquidity zones are at 2,482.129 and 2,470.544 respectively. They act as interim targets or bounce zones based on the smaller trend movements. Price Action Context: Wedge Formation: The rising wedge pattern visible in all the charts, combined with slowing momentum near the top, suggests possible bearish pressure. Wedges often lead to sharp breakouts, so a breakout to the downside would align with the wedge structure. Multi-Touch Confirmation: The multiple touches on trendlines, both support and resistance, increase the probability of significant movements. This concept is supported by multi-touch confirmation techniques​. Scenario Planning: Upside Potential: A breakout above the 4HR LQZ suggests further bullish momentum, likely toward higher liquidity zones. This can result in a continuation to the upside, as shown with the green line projection on some charts. Downside Risks: A breakdown below the wedge support and failing to hold the 15M or 1HR LQZ may lead to a bearish move toward the lower liquidity targets. The yellow line projections suggest a pullback to 2,485.055 and potentially lower. The Trinity Rule Approach: Confluence Setup: If price interacts with three major zones (like the 4HR LQZ, wedge support, and Weekly Flag Trendline), we can assess whether these align with other signals. This rule adds extra confirmation for higher-probability setups, as discussed in your document​​. Overall, price action shows a decision point around the wedge and liquidity zones, with strong reactions expected in either direction.
OANDA:XAUUSDEducation
by Adlercon333
3
Why Most Traders Fail—and How You Can Succeed!The charts you provided showcase potential scenarios based on different liquidity zones (LQZ) on multiple timeframes, such as 15M, 1H, and 4H. Let's break down the key insights from the images: Key Levels: Weekly Flag Trendline: This yellow trendline represents the long-term trend and acts as a major resistance or support. It’s crucial to monitor price action around this level for significant moves. 4HR LQZ (Liquidity Zone) at 2,532.077: This level signifies an important area of liquidity on the 4-hour chart. It’s a potential reversal point or continuation area depending on how the price interacts with it. 1HR LQZ and 15M LQZ: These shorter timeframe liquidity zones are at 2,482.129 and 2,470.544 respectively. They act as interim targets or bounce zones based on the smaller trend movements. Price Action Context: Wedge Formation: The rising wedge pattern visible in all the charts, combined with slowing momentum near the top, suggests possible bearish pressure. Wedges often lead to sharp breakouts, so a breakout to the downside would align with the wedge structure. Multi-Touch Confirmation: The multiple touches on trendlines, both support and resistance, increase the probability of significant movements. This concept is supported by multi-touch confirmation techniques​. Scenario Planning: Upside Potential: A breakout above the 4HR LQZ suggests further bullish momentum, likely toward higher liquidity zones. This can result in a continuation to the upside, as shown with the green line projection on some charts. Downside Risks: A breakdown below the wedge support and failing to hold the 15M or 1HR LQZ may lead to a bearish move toward the lower liquidity targets. The yellow line projections suggest a pullback to 2,485.055 and potentially lower. The Trinity Rule Approach: Confluence Setup: If price interacts with three major zones (like the 4HR LQZ, wedge support, and Weekly Flag Trendline), we can assess whether these align with other signals. This rule adds extra confirmation for higher-probability setups, as discussed in your document​​. Overall, price action shows a decision point around the wedge and liquidity zones, with strong reactions expected in either direction.
OANDA:XAUUSDEducation
by Adlercon333
DAX Index Recovers Its Losses!Following the release of the U.S. non-farm payroll report, which came in below expectations, market risk appetite weakened. The DAX index also accelerated its decline, targeting the 18,257 support level. Expectations for a Fed rate cut have strengthened to 50 basis points, while the ECB is expected to lower rates by 25 basis points at its meeting this week. Technically, if the 18,285 level is broken on the downside, a pullback could extend first to the 18,075 support and then to 17,920. On the upside, if the price holds above the 18,500 resistance, buying could push the index first towards the 18,700 resistance and then to 18,900.
XETR:DAX
by primequotes
US2000 Selloff | Small Caps Looking FrailLot's going on in this picture, my apologies for all the noise. Consistent with the overall market and recently published indexes, I am looking for more downside in US Domestic small-cap stocks. If you thought or if you were influenced that this inflation bubble economy would persist forever, I advise you consider a different source of information. "Do your own research" does NOT mean, go find something that agrees with your preferences. Rather, #DYOR as the kids say, is an opportunity for individuals and teams alike to look deep within themselves and ask if they have what it takes to achieve: honesty, humility, and truth.
OANDA:US2000USDShort
by ChiefMacro
The BEST Shortcut to Consistent Trades: Multi-Timeframe Magic!Here’s a **top-down analysis** of the **XAUUSD (Gold Spot)** based on the charts and liquidity zones (LQZ) , starting from the **higher timeframes** to the **lower timeframes**. This approach helps to align trade decisions with the broader market context. 1. Weekly Timeframe: - Weekly Flag Trendline: The price is testing the upper boundary of a long-term flag pattern. This flag could be seen as a **continuation pattern** in a larger bullish market structure. - Scenario: A breakout above this weekly flag would suggest the resumption of the broader **uptrend**, targeting significant levels around **$2,600 and higher**. - Bearish Risk: A strong rejection from this trendline could signal a larger pullback, potentially targeting support around **$2,470** (Daily LQZ) or lower. 2. Daily Timeframe: - Trend: The daily structure shows price building towards testing resistance at the **4-hour LQZ** of **$2,532.144**. If momentum continues, a breakout could confirm a larger bullish push. - Daily LQZ: Located at **$2,470.804**, this is a critical support level. A break below it would signal a change in the market structure towards more bearish conditions. 3. 4-Hour Timeframe: - **4-Hour LQZ**: Key resistance at **$2,532.144**. If this is breached, it confirms a breakout of the flag on higher timeframes, leading to a stronger bullish move. A failure to break this level could trigger a reversal back to lower support zones. - Pattern: The current price action is consolidating near the top of the wedge, indicating indecision but with potential to resolve upwards if the breakout sustains. 4. 1-Hour Timeframe: - Support: **1-hour LQZ** at **$2,513.704** acts as immediate support. It’s vital to monitor how price reacts around this area. A hold above this level suggests bulls remain in control. - Entry Considerations: Watch for a clean breakout above the **weekly flag trendline** with price closing above the **4-hour LQZ** and respecting the **1-hour LQZ** during pullbacks. A break of this support may invalidate the bullish scenario, leading to downside risks. Key Scenarios: 1. Bullish (Preferred): - A breakout above the weekly flag pattern, supported by a breakout of the **4-hour LQZ** at **$2,532.144**, would signal a continuation of the bullish trend. - Target higher levels around **$2,560** initially, with potential further upside towards **$2,600** if momentum remains strong. 2. Bearish (Risk Scenario): - A failure to break the **4-hour LQZ** or a rejection at the weekly flag trendline, coupled with a break below the **1-hour LQZ** at **$2,513.704**, could lead to a move lower. - Targets for shorts would include the **Daily LQZ** at **$2,470.804**, with further downside to **$2,420** and **$2,402** if bearish momentum builds. Confluence Factors: - The alignment between the **weekly flag breakout** and price respecting **lower timeframe LQZ** levels will be crucial for confirming a sustained trend. - Conversely, any rejection and failure to hold these levels could shift bias towards downside risks. Conclusion: This **top-down analysis** favors a **bullish breakout**, but careful monitoring is required at critical resistance levels. Risk should be managed tightly around the **1-hour and 4-hour LQZs** to confirm trend direction.
OANDA:XAUUSDEducation
by Adlercon333
Unlock Winning Strategies: Spot High-Probability Trades!Chart Analysis: XAU/USD (Gold Spot vs. USD) Based on the two charts you have provided, here is a detailed technical analysis of XAU/USD using price action and chart pattern observations: 1. Weekly Flag Trendline (Higher Time Frame Context) The upper and lower yellow trendlines represent a possible flag pattern on the weekly chart. This suggests a consolidation phase after a strong impulsive move. A flag pattern typically signals a continuation of the previous trend, which, if the context is bullish, indicates that after consolidation, there may be a continuation to the upside. On both charts, we can observe that price action is contained within this broader structure, indicating that price is in a correction phase rather than an impulsive phase. 2. Key Horizontal Levels 2,532.144 and 2,506.245: These levels act as strong resistance zones. The price has struggled to break above these levels multiple times, indicating significant selling pressure or profit-taking at these points. 2,471.313: This is a key support level. The price has reacted to this level before and, most recently, has bounced back after testing this support zone. This suggests that buyers are willing to step in at this level, providing a floor for the price. 3. Descending Channel and Price Action Patterns Descending Triangle/Channel Pattern: On the 15-minute chart, the price seems to be forming a descending triangle pattern (lower highs and a flat support at 2,471.313). This pattern is typically bearish, suggesting a potential breakdown if the support does not hold. Potential Reversal Patterns: After testing the lower trendline of the weekly flag pattern and finding support at the 2,471.313 level, there was a notable bullish reaction. This can imply a short-term reversal, especially if confirmed by a break above the minor resistance level of 2,494.370. 4. Consolidation Zone and Lower Time Frame Patterns The 15-minute chart shows a clear consolidation pattern after the sharp decline, with price action currently moving sideways between 2,494 and 2,506. A break above this consolidation range could signal a short-term bullish continuation towards the upper resistance levels, while a break below would imply a continuation of the bearish trend observed previously. 5. Breakout and Pullback Zones The yellow dotted lines on the 15-minute chart indicate key areas where the price broke out from consolidation phases. These areas are crucial for identifying potential entry points in a trending market. If the price retests these zones and finds resistance or support, they could act as triggers for either continuation or reversal trades. Trading Strategy Considerations Bullish Bias: Traders with a bullish bias might consider waiting for a breakout above the 2,506.245 resistance, looking for a confirmation with a pullback to this level as support. The target could be the upper boundary of the flag around 2,532.144 or higher, depending on momentum and broader market conditions. Bearish Bias: A trader with a bearish outlook might wait for the price to break below the 2,471.313 support level, looking for short positions targeting lower levels aligned with the descending channel's trajectory. Range Trading: Given the current consolidation between 2,494.370 and 2,506.245, range traders could look for entries at the edges of this range with tight stops and defined profit targets within the range. Conclusion Given the price action analysis and current chart patterns, the XAU/USD market appears to be in a consolidation phase within a broader flag pattern. This suggests that while the immediate outlook may be neutral to bearish, there is potential for a bullish breakout if key resistance levels are breached. Traders should watch for confirmed breakouts or breakdowns from these levels to guide their trading decisions, keeping in mind the broader market trend and any fundamental drivers influencing gold prices.
OANDA:XAUUSDEducation
by Adlercon333
Gold Demand Surges in Asia as Local Currencies Weaken the gold market is expected to maintain a soft upward trend. This projection is supported by several factors, including technical indicators showing positive momentum that isn't yet in the overbought zone, suggesting that the path of least resistance is upward. In the short term, the price of gold is likely to stay around the $2,500 level, with possible resistance at $2,480 and support near $2,430. If there is a significant pullback, it could be viewed as a buying opportunity, especially if prices dip towards these support levels. However, a break below $2,400 could indicate a deeper correction​ Overall, the gold market is showing a bullish bias, with the possibility of prices continuing to rise throughout the month, influenced by ongoing geopolitical tensions and economic uncertainties​
OANDA:XAUUSDShort
by BELLATRIXFX
NVIDIA Corporation (NVDA) Monthly Start Analysis - SeptemberOverall Trend: NVIDIA (NVDA) has been trading within a well-defined upward channel on its daily chart, which has guided the stock's price since late 2022. This channel underscores a strong, long-term uptrend. Moving Averages: Short-Term: The stock is currently consolidating around its short-term moving averages, which have acted as dynamic support. Despite the recent pullback, the bullish structure remains intact. Long-Term: The long-term moving averages (likely the 50, 100, and 200-day) are situated below the current price, reinforcing the upward trend. These averages are aligned in a bullish order, suggesting continued strength in the stock. Pullbacks and Corrections: Recent Pullback: NVIDIA recently experienced a pullback from its recent highs, which is a healthy correction within an overall bull market. This pullback has brought the price toward the middle of the channel, where it appears to be finding support. Technical Indicators: MACD: The MACD indicator is showing a bearish crossover, indicating the potential for continued short-term downside. However, the MACD remains in positive territory, indicating that the broader trend is still positive. RSI: The RSI has corrected from overbought levels and is now in a neutral zone, suggesting that there's still room for the stock to move higher without entering overbought territory again. Recent News Impact: AI and Chip Demand: Recently, NVIDIA has been in the spotlight due to its leadership in the AI space, especially with its GPUs being the backbone of many AI models and data centers. The ongoing demand for AI-driven applications, cloud computing, and machine learning has significantly boosted NVIDIA's revenues and growth outlook. Earnings Reports: NVIDIA's latest earnings report surpassed analyst expectations, driven by the booming demand for AI chips. The company reported record revenues, particularly from its Data Center segment, which saw substantial growth year-over-year. This strong earnings performance has kept investor sentiment high, even amid broader market volatility. Geopolitical Factors: There's been some concern about potential restrictions on chip exports to certain countries, which could impact NVIDIA's future revenue streams. However, the company has managed to mitigate these risks through diversification and expansion into different markets. This has been a factor in the recent volatility and pullback but hasn't significantly dampened the long-term outlook. Product Launches: NVIDIA's continued innovation, particularly with its upcoming product launches in the AI and gaming sectors, is expected to keep the company ahead of the curve. Recent announcements regarding new GPUs and AI tools have been well-received by the market, further bolstering the stock's potential upside. Prediction and Strategy: Short-Term: In the short term, NVDA may continue to consolidate or experience a minor pullback until it finds solid support, possibly near the lower boundary of the upward channel or one of the key moving averages. Any significant news regarding AI advancements or geopolitical developments could cause short-term volatility. Mid to Long-Term: Given the strong fundamentals and positive news flow, the long-term outlook for NVIDIA remains bullish. The ongoing demand for AI chips and data center products, combined with the company's innovative edge, suggests that the stock could continue to perform well. Investors might consider using any dips as buying opportunities, especially if driven by temporary market reactions to news. Conclusion: NVIDIA remains in a strong uptrend, supported by both technical indicators and strong fundamentals. Recent news around AI demand, earnings beats, and new product launches continue to favor the bulls. While short-term volatility may arise from external factors, the long-term outlook is promising. Investors should monitor news flow closely and consider adding to positions on dips within the upward channel.
NASDAQ:NVDALong
by alfredomares2019
4
This Simple Strategy Could Make You a Fortune in the Gold Marketprice action of Gold Spot (XAU/USD) in relation to the trendlines and patterns indicated. Chart Analysis 1. Weekly Flag Trendline: - The first chart shows a trendline forming a "flag" pattern on a higher time frame (possibly weekly or daily). This flag appears to be a bullish continuation pattern, indicating that after the consolidation within the flag, the price might continue in the direction of the prior trend, which seems to be up. 2. Price Action Inside the Flag: - Within the flag, there is a period of consolidation marked by the parallel trendlines. The price has been respecting these lines, creating higher lows and lower highs, indicating indecision or preparation for a breakout. 3. Potential Breakout Zones: - Key breakout zones are marked by the upper resistance of the flag pattern around the 2,530 level and the lower support trendline of the flag around the 2,470 level. A breakout above the upper resistance could signal a continuation of the prior uptrend, while a break below the lower support could indicate a reversal or deeper pullback. 4. Smaller Patterns: - On the second chart (1-hour time frame), there's a more detailed view of recent price action with a potential bearish flag or pennant forming, suggesting a temporary pullback or consolidation within the larger flag. This smaller pattern appears to be within a trading range bounded by the horizontal support and resistance levels. 5. Key Support and Resistance Levels: - The charts show horizontal support around the 2,433.301 level, which aligns with a historical low that could serve as a significant support level. Similarly, the resistance level is around 2,530, where the price has repeatedly failed to break above. 6. Current Market Context: - The price is currently hovering around 2,497, near the middle of the trading range, suggesting indecision. This midpoint could be a neutral zone where the price could move in either direction based on upcoming market momentum or news. Trading Strategy and Considerations - Entry Points: - If considering a bullish scenario, a long entry could be planned near the lower support line of the flag, around 2,470, with a stop loss slightly below the flag's support to manage risk. A breakout above the 2,530 resistance could also provide a good entry point for a continuation of the uptrend. - For a bearish scenario, a short entry could be considered if the price breaks below the 2,470 support level, confirming a breakdown from the flag pattern. - Risk Management: - The proximity of the price to both upper and lower boundaries of the flag pattern provides clear levels for stop placement. This helps in managing risk effectively, keeping losses contained if the trade goes against the initial bias. - Monitoring Price Action: - Watch for potential breakouts from the smaller patterns within the flag, as these could provide early signals of the larger move's direction. It would also be essential to keep an eye on volume changes, as increased volume could confirm the validity of a breakout or breakdown. By aligning your trades with these patterns and key levels, you can take advantage of the potential setups provided by the price action within these consolidating formations. Ensure to adapt to new market conditions and stay disciplined in executing your trading plan.
OANDA:XAUUSDEducation
by Adlercon333
2