Wave Analysis
WTIIf the analysis aligns with the market's actual direction, and the currency pair moves in the anticipated direction (up for a buy trade or down for a sell trade), the trade will likely yield a profit. The magnitude of the profit will depend on the size of the price movement, position size, and leverage used.
Ethereum New Update (Road Map)According to the data we have from various indexes, such as Tether's dominance or Bitcoin, it seems that the most likely scenario for Ethereum is a large diametric.
The red range is a strong supply that is expected to be unreactive when the price reaches it.
We are looking for sell/short positions in the red range.
Closing a daily candle below the invaliation level will violate this analysis
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
Gold Prices Dip as USD Rebounds Global gold prices continued their downward trend, with spot gold dropping by $11 to $2,736.5 per ounce, a decrease of $10.9 from yesterday morning.
The rebound of the US dollar exerted significant pressure on gold, causing the precious metal to lose 0.2% in a day after a 1.5% drop on Thursday. Consequently, the dollar regained its previous losses and climbed by 0.4%, making gold a less attractive option for investors.
GOLD POSSIBLE SELLBased on Daily TF, the market seems to be forming a possible reversal chart pattern.
We could see Sellers coming in strong should the current level hold.
Disclaimer:
Please be advised that the information presented on TradingView is solely intended for educational and informational purposes only.The analysis provided is based on my own view of the market. Please be reminded that you are solely responsible for the trading decisions on your account.
High-Risk Warning
Trading in foreign exchange on margin entails high risk and is not suitable for all investors. Past performance does not guarantee future results. In this case, the high degree of leverage can act both against you and in your favor.
EthUSD update Daily Ethereum update DYOR!!
Hey guys lonf time no see!!
I think it's ETH price drop will not finished.
$link longlink currently heavily sold , we dipped into demand zone , placing a long here with stability of btc and bullish bias across the market , setup in chart
REMUS Diwali Pick 2024Stock Analysis and Trade Setup
This chart shows a steady uptrend with well-defined support and resistance levels:
• Bullish Scenario : The price is holding above the ascending trendline, suggesting continued bullish momentum. A breakout above the 2,780.45 resistance level could provide an entry for long positions, targeting the next resistance at 2,834.6. Further gains could aim for the psychological level around 3,272.1.
• Bearish Scenario : A breakdown below the key support at 2,530.8 may signal a potential reversal. Watch for a short opportunity below this level, with a further downside target around 2,299.15 if bearish momentum strengthens.
The RSI shows some room for further upside, though it’s nearing overbought territory. Monitor volume for confirmation of breakouts or breakdowns as you plan your trades.
Disclaimer: This analysis is for educational purposes only. Please conduct your own research before making any trading decisions.
Dogecoi(#DOGE) Update: Correction 📈 #Dogecoi(#DOGE) Update: Correction 🚀
CRYPTOCAP:DOGE saw a strong pump as expected and is now in a corrective phase. Ideal long entry zone is $0.149, with a stop-loss on a daily close below this level. Target remains open, with gains monitored based on price action.
GBPUSD → Confirmation of a trend change. The Bear ZoneFX:GBPUSD confirms the bearish market structure. The fundamnetal factor is favorable for further decline. Since the opening of the session, the price has been testing the previously broken boundary. The market is not ready to resist the sellers yet
On the background of difficult situation in the west, the course of interest rate cuts in the UK, a pool of sell orders is forming in the zone 1.315 - 1.300. Buyers are turning around.
On Monday, in the Asian session, the retest of the previously broken trend support ended with a downward impulse, which confirms the bearish mood in the market. GBPUSD confirms the price exit from the channel.
It is possible that another retest is possible, as the dollar is forming a short-term correction, but it does not change the general essence of it
Resistance levels: 1.3044, 1.3068
Support levels: 1.300, 1.2975, 1.2938
The trigger for the continuation of the fall will be the breakdown of 1.3000 and further consolidation of the price below this zone. Additional scenario: retest of 1.3063 - 1.3075 before further fall
Rate, share your opinion and questions, let's discuss what's going on with ★ FX:GBPUSD ;)
Regards R. Linda!
AMDA leading diagonal and a three-waves pulback to the Fibo cluster. Looks beautiful, with the targets well above $300.
Bought a starter today, will add as it moves to the upside.
BTCUSDT - UniverseMetta - Analysis#BTCUSDT - UniverseMetta - Analysis
A correction of more than 6% has formed on D1, to a local support level, which may indicate a retest of this level, before going up, it is worth considering news factors in the near future, so as not to increase risks. You can try to work out a retest of the level, with a short stop loss, in order to avoid further corrective movement to the levels to update ATH. In the best case scenario, you can take a profit of 1:7. If the idea does not materialize, then wait for an additional entry point for purchases.
Target: 70600 - 76550
Downtrend It is expected that the continuation of the downward trend will be formed according to the specified paths and advance to the specified support levels.
Possibility of uptrend It is expected that the downward trend will end in the current support range and we will see the beginning of the upward trend. If the 78.6% level is broken, the continuation of the downward trend is likely
BTCUSDT Based on the chart, here’s a concise bullish trading strategy:
Key Support Zone: Watch the area around 68,500 USD, where the price is likely to retrace and rebound.
Entry Point: Consider entering a buy position if the price touches the support zone around 68,500 USD and shows signs of a bullish reversal.
Take Profit Target: Aim for 70,200 USD or higher, where the price previously reached a peak.
Stop Loss: Place a stop loss below the support level at 68,486 USD to manage risk in case of a breakdown.
This strategy anticipates that the support zone will hold, allowing the price to bounce back for the next upward wave.
AUDCAD Is Very Bearish! Short!
Please, check our technical outlook for AUDCAD.
Time Frame: 3h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 0.914.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 0.910 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
Like and subscribe and comment my ideas if you enjoy them!
EUR/CAD SHORT FROM RESISTANCE
Hello, Friends!
EUR/CAD is making a bullish rebound on the 4H TF and is nearing the resistance line above while we are generally bearish biased on the pair due to our previous 1W candle analysis, thus making a trend-following short a good option for us with the target being the 1.506 level.
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XCUUSDPair : XCUUSD ( Copper / U.S Dollar )
Description :
Completed " 12345 " Impulsive Waves and " A " Corrective Waves
Break of Structure
RSI - Divergence
Consolidation Phase
Order Block
GOLD Rising Support Ahead!GOLD is going down
Now but will soon hit a rising support line from
Where we will be expecting a
Local bullish rebound !
AUDJPY Massive Long! BUY!
My dear friends,
AUDJPY looks like it will make a good move, and here are the details:
The market is trading on 99.857 pivot level.
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 100.37
Recommended Stop Loss - 99.563
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
Super Micro Computer (SMCI): Strong Entry After Stock SplitSo far, we’re seeing a strong entry on NASDAQ:SMCI following the 1:10 stock split at the beginning of October. The stock has experienced a relief pump of about 20%, which is a solid move in the right direction. 🔥
Super Micro Computer announced on Monday that it’s currently shipping over 100,000 graphics processors per quarter. Additionally, the company introduced a new suite of liquid cooling products, which further fueled its shares, pushing them up 14% after weeks of slumping. If these gains hold, Super Micro is on track to add more than $3 billion to its market value.
At this point, the first resistance level has been met, and we are closely monitoring how the stock reacts. If NASDAQ:SMCI can reclaim and stay above this level, it will likely move toward the next resistance area, offering more potential for upside.
As always, we’re keeping a close eye on developments and will update you with any new moves.
Netflix - This Is A 100% Probability Setup!Netflix ( NASDAQ:NFLX ) will continue its parabolic rally:
Click chart above to see the detailed analysis👆🏻
With this monthly candle, Netflix finally broke above the previous all time high and it about to continue the reversal triangle pattern cycle. We saw the same breakout back in 2013, when Netflix broke above the all time high and then started an even stronger rally of about +50%.
Levels to watch: $750, $1.000
Keep your long term vision,
Philip (BasicTrading)
SILVER Sellers In Panic! BUY!
My dear followers,
I analysed this chart on SILVER and concluded the following:
The market is trading on 32.966 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 33.538
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK
