DOGEUSDT ( REMAIN ABOVE TURNING LEVEL ) ( 4H )DOGEUSDT
HELLO TRADERS
in the last chart as mentioned if the price breaking turning level active the upward trending , currently price remain above a turning level .
Tendency, the price trading above turning level at 0.099, this makes the upward direction active.
Upward Zone : currently the price remain turning level at 0.099 , until the price trading above this level we can see strong upward trending to reach resistance level (1) at 0.115 , then by closing 4h candle above it reach resistance level (2) at 0.128 .
Downward Zone: by breaking turning level around 0.099 , the price dropping to reach a support level (1) at 0.091 , to confirm downward , the price need breaking 0.091 by open 4h candle below it to reach a support level (2) at 0.080 .
TARGET LEVEL :
RESISTANCE LEVEL : 0.0115 , 0.128 .
SUPPORT LEVEL : 0.091 , 0.080 .
Trendtrading
BTCUSD ( UNDER BULLISH PRESSURE ) ( 4h )BTCUSD
HELLO TRADERS
after the price of bitcoin breakout the support trendline, currently again likely towards to reach this trend line , know trading above turning level around 58,152 .
Tendency, the price is under bullish pressure , until trading above turning level around 58,152
Upward Zone: As long as the price stays above the turning level at 58,152 , bitcoin is likely to rising towards resistance level (1) at 62,212 . If a 4-hour candle closes above this level , it could push further to 65,753 . Once the price stabilizes above the resistance level (2) around 65,753, we might witness to reach resistance level (3) at 69,500 .
Downward Zone: by breaking turning level around 58,152, it suggests a decline towards support level (1) at 54,665, confirming a downward trend. If the price stabilizes or stays below this level, there is a strong likelihood of reaching the support level (2) around 51,260 or possibly even lower .
CORRECTIVE : currently price it will be attempt to retest to reach a turning level at
58,152 before rising .
TARGET LEVEL :
RESISTANCE LEVEL : 62,212 , 65,753 .
SUPPORT LEVEL : 54,665 , 51,260 .
NOTUSDT ( INSIDE DESCENDING CHANNEL ) (4H)NOTUSDT
HELLO TRADERS
Tendency , the price inside two turning level at 0.013 & 0.015 .
TURNING LEVEL (1) : the price of this level at 0.015 , so if the price breaking this level reach a resistance level (1) .
TURNING LEVEL (2) : the price of this level at 0.013 , so if the price breaking this level reach a support level (1) .
RESISTANCE LEVEL (1) : this level around 0.017 , for reach this resistance level the price need breaking a turning level (1) .
RESISTANCE LEVEL (2) : around 0.020, for reach this level it will be breaking by open 4h or 1h candle above resistance level (1)
SUPPORT LEVEL (1) : this level around 0.009, for reach this support level the price need breaking a turning level (2) .
SUPPORT LEVEL (2) : support level at 0.005 , for reach this level will be breaking by open 4h candle below support level (1) .
CORRECTIVE LEVEL : currently price 0.1353 , have two scenario , first corrective 0.15, before dropping to touch a 0.13 , then 0.009, second corrective 0.013 to reach a 0.015 , then breaking this level reach a resistance level (1).
TARGET LEVEL :
RESISTANCE LEVEL : 0.017 , 0.020 ,
SUPPORT LEVEL : 0.009 , 0.005 .
XAGUSD ( BREKOUT DESCENDING CHANNEL ) ( 4H )XAGUSD
HELLO TRADERS
Tendency , the price is under bearish pressure , after breakout channel and trading below turning level at 27.96.
TURNING LEVEL : the price of this level at 27.96 , so until the price trade below this level indicates likely to reach a support level (1) , but if the breaking by open 4h candle above this level reach of a resistance level (1) .
RESISTANCE ZONE : this zone between 28.84 and 29.65 , in order to see this zone the price need breaking turning level at 27.96 , breaking this price indicates an increase and reaching the resistance level (1) at 28.84 , then stabilizing above resistance level (1) likely to reach of a resistance level (2) at 29.65 , after breaking this zone it will be attempt to reach resistance level (3) at 30.82 , selling have already increase in this zone .
SUPPORT ZONE : this zone between 26.68 & 26.07 , until the price trading below turning level or stabilizing below this level indicates to reach of a support level (1) at 26.68 , by open 4h or 1h candle below support level (1) , it indicates to reaching support level (2) around 26.07
CORRECTIVE : the price corrective at 27.96 , before dropping .
TARGET LEVEL :
RESISTANCE LEVEL :28.84 , 29.65 , 30.82 .
SUPPORT LEVEL : 26.68 , 26.07 .
NAS100USD ( BETWEEN SUPPLY ZONE AND DEMAND ZONE ) ( 4H )NAS100USD
HELLO TRADERS
price of nas100usd trading nearby support trendline , currently price above demand zone and below supply zone , breaking down each of these determine the direction of the market .
Tendency, the price inside sensitive are between supply and demand zone
Upward Zone : until the price trading demand zone at 17,772 , price rising to reach a resistance level (1) at 18,342 , to ensure rise the price should be breaking supply zone by closing 4h candle above it to reach resistance level (2) 18,696 , then to 19,552 .
Downward Zone: as long as the price trading below supply zone , starting to fall to reach support level (1) at17,772 , the by closing 4h or 1h candle below it reach to next level around 17,270 , to confirm decline price must be breaking the demand zone for a support zone between 16,985 and 16,649 .
TARGET LEVEL :
RESISTANCE LEVEL : 18,342 , 19,552 .
SUPPORT LEVEL : 17,772 , 17,270$ , 16,985 ,16,649 ( support zone ) .
XAUUSD ( SENSITIVE AREA BETWEEN TWO TURNING LEVEL ) (4H)XAUUSD
HELLO TRADERS
Yesterday, the price of gold rose significantly .
This is because of the war and chaos in the Middle East , Israeli forces attacked on the strikes on Khan Younis area on the Monday .
currently price between two turning level around 2,474$ and 2,459$ , by breaking each other determine the direction , breaking and stabilizing above 2,474$ rising to reach a 2,486$ then reach a new historical peaks , if the price break through 2,459$ reach a 2,442$ .
Tendency, the price inside sensitive area , generally until trading above 2,442$ indicates gold is under upward pressure .
Upward Zone: As long as the price stays above the turning level (2) at 2,459$, gold is likely to rising towards $2,474. If a 4-hour candle closes above this level , it could push further to 2,486$. Once the price stabilizes above the turning level (1) around 2,474$, we might witness new all-time highs. There could be a significant retest at 2,442$, before the upward movement continues. However, as long as the price remains above this level, there's a strong possibility of reaching the2,495$ area or even higher.
Downward Zone: by breaking turning level (2) around 2,459 $, it suggests a decline towards 2,442$, confirming a downward trend. If the price stabilizes or stays below this level, there is a strong likelihood of reaching the support level (1) around 2,421$ or possibly even lower .
CORRECTIVE : currently price it will be attempt to huge retest to reach a turning level at
2,442$ before rising .
TARGET LEVEL :
RESISTANCE LEVEL : 2,486$ , 2,495$ .
SUPPORT LEVEL : 2,442$, 2,421$ .
EURUSD: An In-Depth Analysis and Timeless Trading Strategy👀 👉 The EUR/USD pair is the most traded currency pair in the world, and in this video, I take you through a comprehensive analysis of this highly liquid market. I also present a trade idea that can be considered for today. However, the concepts and strategies discussed are not limited to a single session—they can be applied at any time in the future across various market conditions.
In this video, we explore the key features and benefits of TradingView, highlighting some of the essential tools I use in my day-to-day analysis. Whether you're a seasoned trader or just starting out, these tools can enhance your market insights and trading precision.
We delve into critical concepts such as trend analysis, market structure, price action, and the methodology for pinpointing precise entry points on any given trading day. This strategy is not just a one-time trade idea; it’s a robust approach that can be utilized across different currency pairs, making it a versatile addition to your trading toolkit.
Please note that while this analysis is thorough, it should be used as part of a broader trading strategy that takes into account your personal risk tolerance and financial goals. Trading in the currency markets carries inherent risks, and it's important to approach it with a clear understanding of those risks.
EURGBP BUYAs we can see we have broken the trendline from the previous trend hinting at a potential trend change. We also created a higher high after breaking the previous lower high. We got a retest of our zone and now we got confirmation. Now we are looking for a TP1 and TP2 at our 1:1 and 1:2 respectively.
EURUSD ( UNDER DOWNWARD PRESSURE ) ( 4H )EURUSD
HELLO TRADERS
in the last week the price of OANDA:EURUSD trading between turning level at 1.094 and support level (1) at 1.088 , currently price stabilizing below turning level this allows them to lower prices for the support level (1) .
Tendency , the price is under bearish pressure , until trading below turning level .
Upward Zone : for an upward movement to occur , the price needs to break through the turning level at 1.094 , leading to rise that could reach the resistance level (1) 1.099 , if the price breaks and stabilizing above this level it may attempt to reach resistance zone between 1.102 and 1.105 .
Downward Zone: as long as the price remain below the turning level at 1.094 , it may drop towards the support level (1) at1.088 , if the price breaks this level with a 4h candle closing below it , it suggest further decline towards the support zone between 1.084 and 1.078 .
CORRECTIVE : currently price it will be attempt to retest to reach a turning level at 1.094 before dropping .
TARGET LEVEL :
RESISTANCE LEVEL : 1.099 ,1.102 , 1.105 .
SUPPORT LEVEL : 1.088, 1.084 , 1.078 .
USOIL ( BREAKOUT LAST SUPPLY ZONE ) ( 4H )USOIL
HELLO TRADERS
after breakout last supply zone , the price stabilizing up trading , on the Friday price can be breaking supply zone and starting a rising , currently it will be attempt to reach a next supply zone around 78.56 .
Tendency , after price breaking a supply zone , currently price is under upward pressure .
Upward Zone : currently price trying to reach a resistance level (1) at 78.56 , possibly of the price retest a turning level at 76.37 before rising , breaking resistance level (1) with remain this level it continues the upward trend to touch resistance zone between 81.02 and 83.53 .
Downward Zone: by breaking turning level with closing 4h candle below it , the price decline to reach support level (1) 74.76 , after remain below this level we see a downward trend to reach a regions 71.80 and 69.64 .
CORRECTIVE : currently price it will be attempt for retest to reach a turning level at 76.37 before to see upward trend .
TARGET LEVEL :
RESISTANCE LEVEL : 78.56 ,81.02 , 83.53 .
SUPPORT LEVEL : 74.76, 71.80 , 69.64 .
Gold Prices Likly To Drop TodayOur technical analysis and market indicators suggest that gold is likely to experience a sell-off tomorrow, reversing the gains made in recent trading sessions. the expected sell entry would be 67 and 63. This pessimistic forecast is supported by concerning fundamental factors, including:
- Weakening investor demand for safe-haven assets
- Central banks' potential reduction in gold reserves accumulation
- Unfavorable macroeconomic conditions, such as rising interest rates and a strengthening US dollar
XAUUSD ( INSIDE DESCENDING CHANNEL ) ( 4H )XAUUSD
HELLO TRADERS
currently the price of the gold trading inside descending channel , and below turning level at 2,459$ , yesterday the price with open the market rising know could be continues rising to reach a supply zone around 2,459$ .
Tendency, the price inside descending channel and trading below turning level , indicates under down ward pressure .
Upward Zone : in order see increase , should be the price breaking turning level at 2,459$ , to rising and reach resistance level (1) at 2,474$ , by breaking and stabilizing above this level it will be attempt to reach 2,486 $ , then reaching a resistance zone around 2,495$ and 2,510$ .
Downward Zone: until the price trading below supply zone around 2,452$ and 2,459$ , dropping to reach support level (1) around 2,421$ , and after breaking this level by closing 4h candle below it indicates further decline to support zone around 2,406$ and 2,391$.
CORRECTIVE : currently price it will be attempt to huge retest to reach a turning level at 2,459$ before dropping .
TARGET LEVEL :
RESISTANCE LEVEL : 2,47$ ,2,486$ , 2,494$ .
SUPPORT LEVEL : 2,421$, 2,406$ , 2,391$ .
A Guide on How to Stay on the Right Side of Market RiskStaying on the right side of the market is the only thing that matters in investing. The goal is simple: be long the things that go up and avoid the things that go down. Although this sounds straightforward, investors often focus too much on the upside potential and forget about the downside. In reality, avoiding the downside is by far the most important factor that will have the biggest impact on your total returns. This is because a -50% loss will always require a +100% gain just to break even.
Step 1: Follow the Trend
The most effective method to stay on the right side of the market is by following the trend, primarily through moving averages. The two most common types are the Simple Moving Average (SMA) and the Exponential Moving Average (EMA). The EMA assigns more weight to recent price movements, making it more responsive and effective for signalling the start of a downtrend, while the SMA offers a clearer view of the longer-term trend.
The simplest way to construct a trend-following indicator is to combine a short-term EMA with a long-term EMA. A buying signal is triggered when the short-term EMA crosses above the long-term EMA, and a selling signal is triggered when it crosses below. This systematic approach ensures clear and actionable signals.
Optimizing this strategy involves backtesting various EMA combinations to strike a balance between minimal trading frequency, lowest maximum drawdown, and highest profit factor. It’s also crucial to select assets that have historically adhered to trends, as these are more likely to continue doing so.
Assets that typically adhere to trends, such as cryptocurrencies, fiat currencies, commodities, and tech stocks, are often driven by speculative or uncertain future expectations. By incorporating a longer-term SMA and adding a safety margin to the calculation, you can help minimize false signals from the EMAs.
It’s advisable to compare asset performance not only against the USD pair but also against the safest investable asset in the selected asset class. This comparison helps determine if the additional risk is worth taking.
Step 2: Draw the Lines
Trend-following strategies are effective only with a clear market trend. Without it, prices may exhibit range-bound movements and generate false signals. Drawing trend lines and identifying horizontal support and resistance levels are crucial for enhancing the accuracy of these signals. The most reliable entry points typically follow a confirmed breakout from these lines, with older lines often indicating more significant breakouts.
When drawing trend lines, it’s crucial to use both normal and logarithmic chart scales. The most reliable trend lines appear consistent across these scales, with a breakout observed on both further confirming the trend.
Additionally, identifying reliable patterns like head and shoulders, inverse head and shoulders or double tops and bottoms can further validate trend breakouts. TradingView’s pattern recognition tools can automate this process and provide price targets, which can be helpful but are not always guaranteed.
Step 3: Understand the Macro
Following current macroeconomic conditions can enhance your understanding of the overall business cycle. The primary macro forces that influence asset markets are growth, inflation, and policy. These factors are subjective and not directly quantifiable, making them unsuitable for direct investment decisions. However, they are useful for assessing the market’s risk appetite, which should influence only your position size and not your systematic approach.
The US Composite Leading Indicator (CLI) is one of the most informative macroeconomic indicators, providing insights into potential economic growth trends and helping anticipate inflections in the business cycle.
Monitoring the US inflation and unemployment rates is also beneficial, as they significantly influence monetary policy. While minor fluctuations may not provide much insight, sustained trends that align with the Federal Reserve’s targets of 2% inflation and low unemployment are indicative of a healthy economy.
Furthermore, tracking global liquidity can reveal the real-time effects of monetary and fiscal policies implemented by major central banks and governments. This serves as a valuable tool to assess the market’s risk appetite.
In conclusion, this guide helps investors stay on the right side of the market by adopting a systematic approach that captures bull markets while avoiding major downturns. Recognizing that the future is unpredictable and that markets are driven by momentum, this method can both preserve and grow your wealth in a less stressful way. A disciplined, systematic approach, executed dispassionately, is essential for navigating market uncertainties. All indicators discussed are publicly available or can be accessed on my profile.
Disclaimer: This article is for informational and educational purposes only and should not be construed as investment advice.
XRPUSDT ( BETWEEN TWO TURNING LEVEL ) (4H)XRPUSDT
HELLO TRADERS
price of BINANCE:XRPUSDT inside sensitive area between two turning level , currently it will be attempt to reach turning level (2) .
Tendency, the price inside sensitive are between two turning level around 0.5822 and 0.6184 .
Upward Zone : in order see increase , if the price corrective turning level (2) and stabilizing above this level should be trying to reach turning level (1) at 0.61844 , to confirm up trading , the price will be breaking turning level (1) to reach resistance level (1) at 0.6508 , after by closing 4h candle above it reach a resistance level (2) at 0.6939 .
Downward Zone: by breaking turning level (2) at 0.5822 , the price should be trying to reach support level (1) 0.5595 , after stabilizing below this level could further support to reach of as next level at 0.5144 .
TARGET LEVEL :
RESISTANCE LEVEL : 0.6508 , 0.6939 .
SUPPORT LEVEL : 0.5595 , 0.5144 .
ETHUSD ( SENSITIVE AREA ) ( 4H )ETHUSD
HELLO TRADERS
currently price between two turning level by breaking each level determine the direction , for know the price trading above turning level (2) at 2,412 , remain this level it will be attempt to reach a turning level (1) at 2,527 .
Tendency, the price inside two turning level around ( 2,412 & 2,527) .
Upward Zone : in order see increase , the price need breaking turning level (1) at 2,527 , by closing 4h candle above it , easily to reach a resistance level (1) around 2,812 , remain this level indicates the price trying to reach of a resistance level (2) at 3,114.
Downward Zone: by breaking turning level (2) around 2,412 , the price dropping to reach a support level (1) at 2,209, to confirm downward , gold need breaking support level (1) by open 4h candle below it to reach a support level (2) at 2,046 .
TARGET LEVEL :
RESISTANCE LEVEL : 2,812 , 3,114 .
SUPPORT LEVEL : 2,209 , 2,046 .
#AUDNZD bearish continuation scenarioAfter a bearish impulsive move, the price appears to be completing a bullish corrective ABC pattern. So far, it has completed waves A and B and is currently in the midst of the bullish wave C.
This bullish move could take the price back to the previous lower high, as highlighted in the chart. From there, we could anticipate the start of another bearish move.
GBPUSD BUY As we can see we have broken the trendline from the previous trend hinting at a potential trend change. We also created a higher high after breaking the previous lower high. We got a retest of our zone and now we got confirmation. Now we are looking for a TP1 and TP2 at our 1:1 and 1:2 respectively.