EURO (6E1!, EURUSD) ... BEARISH!Bearish.
Price has moved up into
the -FVG after a BOS.
Expecting a move down
from here, as Internal
moves to External LQ.
SSL is the target, at the
lows to the left.
I enjoy any feedback or questions in the comment section.
All opinions are welcome!
LIKE or BOOST this post, if you would. I would be appreciate it.
SUBSCRIBE if you want to catch all of my future postings!
Weeklymarketsanalysis
XAU/USD 22-26 April 2024 Weekly AnalysisWeekly Analysis:
Analysis/Bias remains the same as last week's weekly analysis dated 14 April 2024
-> Swing: Bullish.
-> Internal: Bullish.
Price printed a bullish swing BOS followed by a bullish iBOS and continues to break all time highs.
Most likely scenario would be for price to pull back following swing and internal BOS (Break Of Structure)
First structural indication, but not confirmation that pullback has initiated would be for price to print a bearish CHoCH which is denoted by a vertical blue dashed line as internal low as CHoCH are priced at the same level.
Price is now trading within a fractal high and internal low.
Expectation is for price to pullback following swing and internal pullback. Internal low and CHoCH are positioned at the same level.
Weekly Chart:
Daily analysis:
Price has continued to print all time highs.
CHoCH has once again been repositioned closer to most recent price action. This is advantageous due to the fact that price will now not need to retrace much deeper to initiate pullback.
Remainder of analysis/bias remains unchanged since last daily analysis dated 14 April 2024.
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a swing BOS. Swing low confirmed and adjusted with swing high yet to be established.
Most likely scenario will be for price to pull back following swing BOS. First indication, but not confirmation, would be a bearish CHOCH denoted with a vertical dotted line.
As mentioned on 31 March 2024, price could potentially continue to trade bullish to seek further liquidity before pullback, however, it is looking increasingly likely a pullback will be imminent.
Daily Chart:
H4 Analysis:
Bias/Analysis remains unchanged since yesterday's analysis dated 19 April 2024.
-> Swing: Bullish.
-> Internal: Bullish.
Price remains contained within an internal range where we saw a reaction from H4 supply with price unable to close below strong internal low.
Price reacted at H4 supply and subsequently reacted at H4 demand.
Price is currently between H4 supply and demand where we are seeing a battle between the bulls and bears with price printing an internal bearish CHoCH.
The prevailing trend, which is bullish, would be a factor, therefore, current intraday expectation is for price to react at H4 demand level to target weak internal high, however, because price has printed a bearish CHoCH an alternative scenario could be for the price breach and close below internal low as all HTF's require a pullback.
H4 Chart:
Weekly Market Wrap With Gary Thomson: 15 - 19 AprilWeekly Market Wrap With Gary Thomson: UK100, USD, GOLD, OIL
Get the latest scoop on the week's hottest headlines, all in one convenient video. Join Gary Thomson, the COO of FXOpen UK, as he breaks down the most significant news reports and shares his expert insights.
UK100 Share Index Rises as UK Inflation Slows
The Dollar is Corrected after the Comments of the Head of the Federal Reserve
XAU/USD Gold Price Reaches an Important Resistance Zone
Since the Beginning of the Week, the Price of Brent Oil Has Fallen by More than 4%
Stay in the know and empower yourself with our short, yet power-packed video. Watch it now and stay updated with FXOpen. Don't miss out on this invaluable opportunity to sharpen your trading skills and make informed decisions.
🌐 FXOpen official website: www.fxopen.com
CFDs are complex instruments and come with a high risk of losing your money.
Weekly Market Wrap With Gary Thomson: 8 - 12 AprilWeekly Market Wrap With Gary Thomson: FTSE, NZD/USD, USD, USD/JPY
Get the latest scoop on the week's hottest headlines, all in one convenient video. Join Gary Thomson, the COO of FXOpen UK, as he breaks down the most significant news reports and shares his expert insights.
FTSE 100's Holy Grail of 8,000 Continues to Be a Pipe Dream
NZD/USD Rate Increases after the Decision of the Reserve Bank of New Zealand
Inflation Data Sharply Strengthens the US Dollar
USD/JPY Rises to Highest Since 1990
Stay in the know and empower yourself with our short, yet power-packed video. Watch it now and stay updated with FXOpen. Don't miss out on this invaluable opportunity to sharpen your trading skills and make informed decisions.
🌐 FXOpen official website: www.fxopen.com
CFDs are complex instruments and come with a high risk of losing your money.
The TradingView Digest - April 8thHey everyone! Welcome back to the TradingView Weekly Digest. In today’s edition, we’re highlighting the top ideas from our community, which includes a write-up on Tesla, an informative post about Keltner channels and Bollinger bands, a hot script on trailing stop management, and all the latest headlines, earnings, and economic events.
We hope you find this week's edition exciting and engaging. Let's dive in! 😀
💡 Tesla Stock Down 30% This Year. What Happened to the EV King? - by TradingView
The electric-car maker is in dire need of charging after losing more than $260 billion this year and turning Elon Musk into the biggest loser among the world’s wealthiest. Tesla stepped into 2024 as the world’s largest EV seller with a valuation of more than $780 billion. None of that is true today.
💡 Keltner Channels vs Bollinger Bands - by FXOpen
If you're a trader, you likely know that indicators are valuable tools for identifying trends and determining entry and exit points. Two popular indicators are Keltner Channels and Bollinger Bands. Both help measure volatility, but which one is better? In this article, we'll delve into the differences between the two, explain their components, and discuss which one is best.
🔝 Top Stories
📰 U.S. March Nonfarm Payrolls +303K; Unemployment Rate 3.8%
📰 Johnson & Johnson to Buy Shockwave Medical in $13.1 Billion Deal
📰 Gold Shines Above $2,300, Ends Another Week At Record High
📰 Solar Eclipse On April 8 Could Give Whopping $1.5 Billion Boost To Businesses
📰 New users flock to Ethereum while long-term holders are less active than ever
💵 Earnings highlights from the previous week:
💲 Levi Strauss (LEVI) Q1 Earnings and Revenues Surpass Estimates
💲 BlackBerry reports surprise profit on demand for cybersecurity services
💲 Conagra (CAG) Q3 Earnings Beat, Organic Sales Decline Y/Y
💲 Lamb Weston (LW) Q3 Earnings Lag Estimates, Guidance Lowered
💲 Greenbrier 2Q Revenue Declines But Beats Wall Street's Forecast
💡 Nvidia - Entering a Bear Phase! - by basictradingtv
For more than 6 years, Nvidia stock has been trading in a long-term rising channel formation. The last retest of support occurred in 2021, followed by a +650% rally to the upside. As of now, Nvidia stock is retesting the upper resistance of the channel, and we might see a short-term correction towards the downside to retest the previous all-time high.
💡 Don't Get Duped by the RSI - by ParabolicP
The Relative Strength Index (RSI) is a common technical analysis tool used by traders to gauge whether an asset is overbought (priced too high) or oversold (priced too low). It analyzes price movements over a specific period (often 14 days) and displays a score between 0 and 100. Generally, an RSI above 70 suggests an overbought condition, while an RSI below 30 suggests an oversold condition.
📆 Economic Calendar
⚡️ April 10th (United States) — Core Inflation Rate YoY
⚡️ April 10th (United States) — Inflation Rate YoY
⚡️ April 10th (United States) — FOMC Minutes
⚡️ April 12th (United States) — Michigan Consumer Sentiment Prel
⚡️ April 16th (China) — GDP Growth Rate YoY
🔥 What's New?
✅ New chart type — Volume candles
🌟 Script of the Week
📜 Trailing Management - by Zeiierman
This tool provides an automated and visual approach to trailing stop management, aiding in systematic decision-making for trade entries and exits based on risk-reward metrics.
💭 Our Weekly Thought:
“The trend is your friend.”
We hope you found this helpful. Please share your feedback, remarks, or suggestions with us in the comments below.
💖 TradingView Team
📣 Want to be among the first to know all the news? Give us a follow !
The TradingView Digest - April 3rdHey there! Welcome back to the TradingView Weekly Digest. We are thrilled to announce the successful conclusion of our first-ever paper trading competition - The Leap ! With immense joy, we share that over 90,000 traders enthusiastically participated, executing a staggering 2,700,000 trades and securing an impressive $119 million in profits. Heartiest congratulations to all the winners, and our sincere gratitude to every participant for their overwhelming love and support.
In this edition, we’re excited to spotlight the top posts and ideas from our community. This includes an informative post on using stop-loss orders , a write-up on trading symmetrical triangle patterns , a hot script on volumes , and all the latest headlines , earnings , and economic events .
We hope you find this week's edition exciting and engaging. And don't forget to participate in our Bitcoin halving contest for a chance to win our exclusive T-shirt. Without further ado, let's dive right in! 😀
💡 How to Use Stop Loss Orders in Trading? - by TradingView
In trading, reducing risks is oftentimes all that matters to achieving success. One of the essential tools to protect your investments from steep or unexpected losses is the stop loss order. Understanding how to use stop loss orders can unlock your path to profitability by allowing you to balance your risk and reward ratio.
💡 A Comprehensive Guide to Fibonacci Retracements - by XForceGlobal
Fibonacci Retracements are a set of ratios defined by the mathematically important Fibonacci sequence. This allows traders to identify key levels of support and resistance for price action. The Fibonacci retracement tool, although widely used by many traders, is almost always not correctly used by new traders.
💡 Bitcoin Halving Contest: Time’s Ticking, But When’s It Kicking? - by TradingView
Buckle up, crypto enthusiasts! The Bitcoin Halving is on the horizon, and the countdown has begun. But here’s the twist - every Bitcoin clock out there is telling a different time for when block 840,000 will hit the scene. It’s like they’re all watching different episodes of the same thrilling show. 🍿
🔝 Top Stories
📰 Japan Manufacturers Sentiment Deteriorated for First Time in Four Quarters
📰 AMC Shares Drop 14% to Hover Near Record Lows After Filing to Sell $250M of Stock
📰 Reddit Stock Can’t Get Off the Volatility Train After Another Double-Digit Drop
📰 Bitcoin Halving Countdown: BTC Skyrockets to $71,000 Amidst Market Anticipation
📰 SEC May Delay Ethereum ETF Until December: Bitwise
💵 Earnings highlights from the previous week:
💲 McCormick (MKC) Q1 Earnings & Sales Top Estimates, Grow Y/Y
💲 GameStop Q4 Earnings Highlights: Retail Favorite Stock Plunges After Revenue, EPS Miss
💲 Compared to Estimates, Carnival (CCL) Q1 Earnings: A Look at Key Metrics
💲 Jefferies Financial Group Fiscal Q1 Earnings, Revenue Rise; Dividend Maintained
💲 Walgreens Sees Steep Loss After Major Write-Down of Clinic Operator VillageMD
💡 How To Trade A Symmetrical Triangle Break-Out - by TVM_MENA
A symmetrical triangle is a geometric formation found in technical analysis, often appearing during periods of market consolidation. It's characterized by converging trendlines, typically drawn by connecting a series of lower highs and higher lows. This pattern reflects a balance between buyers and sellers, signaling indecision in the market regarding the future price direction.
💡 Bitcoin Heading Below 20K is A Good Thing! - by WicktatorFX/
This one is a bit of a hack but follows on from my video on how to set 'Stop Losses' on TradingView for Connected Brokers. To set a trailing stop loss, you need to open your broker account, place the trade there, and it will then be reflected on the TradingView interface.
📆 Economic Calendar
⚡️ April 3rd (United States) — Fed Chair Powell Speech
⚡️ April 5th (Canada) — Unemployment Rate
⚡️ April 5th (United States) — Non Farm Payrolls
⚡️ April 5th (United States) — Unemployment Rate
🔥 What's New
✅ New launch: predict market activity with unerring accuracy
✅ Scan your watchlists in Stock, ETF, and Crypto Coins screeners
🌟 Script of the Week
📜 Periodic Activity Tracker - by LuxAlgo
This tool visualizes cumulative buy and sell volume for user-defined periods, offering insights into volume dynamics with customizable options.
💭 Our Weekly Thought:
“ Weak traders focus on results - Strong traders focus on process. ”
We hope you found this helpful. Please share your feedback, remarks, or suggestions with us in the comments below.
💖 TradingView Team
📣 Want to be among the first to know all the news? Give us a follow!
Weekly analysis of gold with my personal st based on WMPwe made almost 400 pips from our area on gold by 2-3 positions a day on NEWYORK session last week with just two SL . gold make an uptrend in this week and then down trend now we have some plan to trade gold this week.
we trade on newyork session by our new area and i wish more profit from last week. "Using the data we get from the gold weekly chart and my special calculation program, we identify these waypoints as key gold points and based on that we can enter long and short positions. In this method, stoploss setting is based on your personal money management and is flexible, but the most logical stop is between 20 and 35 pips from the entry point on the drawing lines. Every week we will recalculate and send you the lines and we hope to get between 200 and 500 pips of profit with this strategy. Until further notice, this program will be run for free and after you believe in our method, the supplementary strategy along with the calculation program will be available for sale . and for those people who are not interested in calculation and training in the coming weeks of the channel, We will have a daily trading signal on gold." HIGH WMP = 2236.04 LOW WMP = 2163.62 MID WMP = 2199.83 MID U WMP = 2217.94 MID D WMP = 2181.73 ADDED U WMP = 2254.15 ADDED U WMP = 2272.25 ADDED D WMP = 2145.52 ADDED D WMP = 2127.41
The TradingView Digest - March 25thHey everyone! Welcome back to the TradingView Weekly Digest. In today’s edition, we’re highlighting the top ideas from our community, which includes a video tutorial on customizing TradingView charts, an informative post about Reddit, a hot script on price gaps, and all the latest headlines, earnings, and economic events.
We hope you find this week's edition exciting and engaging. Let's dive in! 😀
💡🎥 TradingView Masterclass: Create your perfect chart - by TradingView
Dive into this video for a hands-on masterclass on TradingView's chart settings, created just for you! From the general themes to the smallest details, you'll learn how to fully customize your charts to match your unique trading style and preferences. Discover how to access and adjust every aspect of your charts, making sure they look, present data, and integrate trading features exactly how you want.
💡 Reddit Braves Wall Street with 48% Pop in Debut. When Growth? - by TradingView
Reddit stepped into the public-market space this week with a flashy and splashy IPO in New York that chalked up a 48% gain on its debut day. The listing was met with lots of cheer from Wall Street as it was the biggest one for a social media company since Pinterest hit exchanges in 2019.
🔝 Top Stories
📰 Federal Reserve Holds Interest Rates Steady but Projects Three Cuts This Year
📰 Sterling Tumbles 2% to $1.2580 After Bank of England Keeps Rates Steady
📰 Apple Stock Wipes Out Over $100 Billion in Value After US Files iPhone Monopoly Lawsuit
📰 Reddit Stock Pops 38% Out of the Gate to Trade at $47 a Share at $9 Billion Valuation
📰 Bitcoin Powers Up by 12% to $68K After Jay Powell Upholds Rate-Cut Timeline
💵 Earnings highlights from the previous week:
💲 PDD Holdings soars on Q4 results beat
💲 Micron Posts Surprise 2Q Profit as Recovery Continues
💲 Accenture Q2 Earnings Surpass Estimates, Revenues Miss
💲 NIKE Q3 Earnings Surpass Estimates, Revenues Up Y/Y
💲 FedEx Posts Strong Quarterly Results
💡 Options Blueprint Series: Strangles vs. Straddles - by traddictiv
Among the plethora of strategies, the Strangle holds a unique position, offering flexibility in unclear market conditions without the upfront costs associated with more conventional approaches like the Straddle. This article delves into the intricacies of the Strangle strategy, emphasizing its application in trading Gold Futures.
💡🎥 How to Set a Trailing Stop Loss on TradingView - by zAngus
This one is a bit of a hack but follows on from my video on how to set 'Stop Losses' on TradingView for Connected Brokers. To set a trailing stop loss, you need to open your broker account, place the trade there, and it will then be reflected on the TradingView interface.
📆 Economic Calendar
⚡️ March 26th (United States) — Durable Goods Orders MoM
⚡️ March 28th (United Kingdom) — GDP Growth Rate YoY Final (Q4)
⚡️ March 28th (United States) — GDP Growth Rate QoQ Final (Q4)
⚡️ March 29th (United States) — Core PCE Price Index YoY
⚡️ March 29th (United States) — Fed Chair Powell Speech
⚡️ March 31st (China) — NBS Manufacturing PMI
🔥 What's New
Just a few minor tweaks last week, but fear not ... We continue working hard 👷🏽 to make the platform even better.
🌟 Script of the Week
📜 Gaps Profile - by vnhilton
The script displays remaining unclosed gaps on the chart, helping you recognize shifts in market sentiment and pinpoint potential supply/demand zones.
💭 Our Weekly Thought:
“ Sometimes the best trades are the ones you did not take. ”
We hope you found this helpful. Please share your feedback, remarks, or suggestions with us in the comments below.
💖, TradingView Team
📣 Want to be among the first to know all the news? Give us a follow!
NULS ANALYSIS🔮 #NULS Analysis - Breakout Trading 💰💰
🌟🚀 #NULS was trading in a Ascending Triangle Pattern and here we can see that #NULS gave a great breakout with high volume in weekly chart pattern. We can expect a long rally in #NULS.💲💲
🔖 Current Price: $0.4521
⏳️ Target Price: $0.6275
⁉️ What to do?
- We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀
#NULS #Cryptocurrency #Breakout #DYOR
GBPJPY Trend Analysis Week of 3-9-24Weekly=Bullish.
Daily=Bullish.
4H=Bearish (waiting for shift of structure)
Weekly candlesticks are show rejection from 50% on weekly Fib. Overall Bullish market so waiting for 4h to shift to bullish. Zones marked up are daily supply & demand aka areas of interest.
KRSNAA major support at 600krsnaa is looking good now
If there is a slight bounce from 600, it looks like it could go to 650 to 690.
If it breaks the major level of 600, then it seems that it can go up to 530 comfortably
A major fib level of 726 is coming which after breaking it can start an uptrend (which doesn't seem to break in this scenario.)
We have tried to give some view on this stock
Which can sometimes be wrong
All the rest is delusion, strong desire
Gold End Of Week RallyWelcome to another trading week in the gold market. For this week I expect gold to trade lower and then really towards the end of the week. Reaching for the $2,066 figure and hopefully slightly higher.
This is the first official Weekly projection post for the institute. Thank you for engaging with my content. Check description below for access to the institute.
I will be posting daily projections throughout the week, stay tuned. Like, follow and comment what you think we will see from Gold this week.
OANDA:XAUUSD
GOLD tricking SELLERS and then DROPPINGOANDA:XAUUSD
Opening bell 6pm NY time marks a new trading day for us in the Gold market. Yesterday we witnessed price being being delivered to the downside and forming an inside bar. Itching closer towards our weekly target for the "low of the week".
For today's projection I expect price to trick sellers by running up into the outlined target adn then dumping below friday's low and in the POI for our low of week target.
More updates to come as the day unfolds. Thank you for following and happy trading.
As always check below for access to the institute!
XAU/USD 26-02 Feb/ 01 March 2024 Weekly AnalysisWeekly Analysis:
Outlook and bias for this coming week remains unchanged.
-> Swing: Bullish.
-> Internal: Bearish.
-> Did not reach EQ.
Price has not yet reached 50% EQ. Price remains in pullback phase in the premium swing/internal, therefore, I will still be looking to looking to short.
Bullish pullback following bearish iBOS now most likely complete and will target weak internal low.
Bearish CHoCH will be the first indication that sweep of liquidity of internal high is confirmed bearish swing pullback has initiated (highlighted with dotted horizontal line)
As mentioned last week, request to LTF's would be to shift bearish to facilitate bearish pullback.
Anticipate structure to indicate start of pullback phase once price prints CHoCH.
Weekly Chart:
Daily Analysis:
Bias has remained unchanged since last week:
-> Swing: Bullish.
-> Internal: Bullish
-. Sub-Internal -. Bearish
-> Has reached EQ.
Price has failed to close above strong internal high whereby we are now in premium EQ of the internal range.
Price remains, as last week, to be trading within internal high and low.
I have now mapped sub-internal structure in red to gain a micro-view of the Daily Timeframe where price has printed a bearish iiBOS followed by a bullish iCHoCH.
Following Sub-Internal structure bearish iiBOS we are now seeing a bullish pullback.
Price could potentially continue to trade bullish where I would expect to see strong high not being breached, react at strong high before targeting weak internal low.
Daily Chart:
H4 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
-> Sub-Internal: Bullish.
-> Has reached EQ.
I have marked sub-internal in red due to the significant range of the internal structure.
Price has printed a bullish sub-internal iiBOS. which indicates that we are still in the pullback phase of the internal structure.
We now seem to be in the pullback phase of the iiBOS.
Price is reacting to the 50% EQ of the swing range, which is indicated in black.
Current expectation, is for price to target weak internal low. A good indication that pullback phase of the internal structure is completed is once price breaks and closes below sub-internal structure low to target the weak internal low.
Price could possibly continue bullish, react at H4 POI before continuing bearish move.
H4 Chart:
10 Daily Outlooks. D6. BTCUSD, EU, XAUUSD, USDCAD and others☝️The main purpose of my resources is free, actionable education for anyone who wants to learn trading and improve mental and technical trading skills. Learn from hundreds of videos and the real story of a particular trader, with all the mistakes and pain on the way to consistency. I'm always glad to discuss and answer questions. 🙌
☝️ALL videos here are for sharing my experience purposes only, not financial advice, NOT A SIGNAL. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as a simulated, educational environment. Important disclaimer - this idea is just a possibility and my extremely subjective opinion.
XAU/USD 19-23 Feb 2024 Weekly AnalysisWeekly Analysis:
Outlook and bias for this coming week remains unchanged.
-> Swing: Bullish.
-> Internal: Bearish.
-> Did not reach EQ.
Price has not yet reached 50% EQ. Price remains in pullback phase in the premium swing/internal, therefore, I will still be looking to looking to short.
Bullish pullback following bearish iBOS now most likely complete and will target weak internal low.
Bearish CHoCH will be the first indication that sweep of liquidity of internal high is confirmed bearish swing pullback has initiated (highlighted with dotted horizontal line)
As mentioned last week, request to LTF's would be to shift bearish to facilitate bearish pullback.
Anticipate structure to indicate start of pullback phase once price prints CHoCH.
Weekly Chart:
Daily Analysis:
Bias has remained unchanged since last week:
-> Swing: Bullish.
-> Internal: Bullish
-. Sub-Internal -. Bearish
-> Has reached EQ.
Price has failed to close above strong internal high whereby we are now in premium EQ of the internal range.
Price remains, as last week, to be trading within internal high and low.
I have now mapped sub-internal structure in red to gain a micro-view of the Daily Timeframe.
Sub-Internal structure has printed a bearish iBOS where we are now seeing a bullish pullback.
Bullish pullback has reacted at a Daily POI.
Daily Chart:
H4 Analysis:
Analysis/expectation remains the same as yesterday (16/02/2024)
-> Swing: Bullish.
-> Internal Bearish.
-> Has reached EQ.
Price has printed a further bearish iBOS followed by a bullish CHoCH which is the first structural indication that pullback following bearish iBOS has initiated.
Expectation dated 16/02/2024 was for price to continue bullish and react at H4 POI or 50% EQ which price did and currently doing.
Await bearish price action to confirm bullish pullback is complete for price to target weak internal low.
H4 Chart:
16th Feb - Daily and weekly anticipated levelsPlease take a look to previous (15th Feb.) daily and weekly levels.
Please pay attention this is BYBIT:BTCUSD.P on 1 hour timeframe.
I will keep posting these daily and weekly levels everyday, please use these levels as a tool for making your decisions or managing your positions.
These are anticipated support and resistance levels, and their reliability depends on their timeframe, therefore, weekly levels are stronger than daily levels.
Daily levels: These levels are valid for 1-2 days from the day of this post.
Weekly levels: These levels are valid for this week and maximum next week
Please update the chart with the actual price of BTCUSD to see the reaction of price to anticipated levels.
15th Feb - Daily and weekly anticipated levelsPlease take a look to previous (14th Feb.) daily and weekly levels.
Please pay attention this is BYBIT:BTCUSD.P TCUSD.P on 1 hour timeframe.
I will keep posting these daily and weekly levels everyday, please use these levels as a tool for making your decisions or managing your positions.
These are anticipated support and resistance levels, and their reliability depends on their timeframe, therefore, weekly levels are stronger than daily levels.
Daily levels: These levels are valid for 1-2 days from the day of this post.
Weekly levels: These levels are valid for this week and maximum next week
Please update the chart with the actual price of BTCUSD to see the reaction of price to anticipated levels.
10 Daily Outlooks. D5. BTCUSD, XAUUSD, GU, EU, US100☝️The main purpose of my resources is free, actionable education for anyone who wants to learn trading and improve mental and technical trading skills. Learn from hundreds of videos and the real story of a particular trader, with all the mistakes and pain on the way to consistency. I'm always glad to discuss and answer questions. 🙌
☝️ALL videos here are for sharing my experience purposes only, not financial advice, NOT A SIGNAL. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as a simulated, educational environment. Important disclaimer - this idea is just a possibility and my extremely subjective opinion.
10 Daily Outlooks. D3. EU, GU, US30,100, BTCUSDWill analyse markets and possible entries every day for 10 days. Send your pairs or questions
☝️The main purpose of my resources is free, actionable education for anyone who wants to learn trading and improve mental and technical trading skills. Learn from hundreds of videos and the real story of a particular trader, with all the mistakes and pain on the way to consistency. I'm always glad to discuss and answer questions. 🙌
☝️ALL videos here are for sharing my experience purposes only, not financial advice, NOT A SIGNAL. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as a simulated, educational environment. Important disclaimer - this idea is just a possibility and my extremely subjective opinion.
Long term *reliable* Fibonacci levels - lose or rally up? The Fibonacci levels are projected based on weekly price move of BYBIT:BTCUSDC.P from August 2020 till January 2021 .
For reliance discovery please follow yellow arrows. These significant price reaction are happened after revealing the levels. This shows these Fibo levels are highly reliable and has proved it can project the resistance and support levels with higher trust and accuracy. But still it is projection and anytime can be expired.
We are now over an important level of ~48900, obviously we have 2 scenarios for next ~2 weeks;
1) remain
2) lose
Right now there are still 6 days until weekly close, I would expect it closes under this level in upcoming 2 weeks. Unless, we will ride up till ~55500 level. Based on market behaviors it would be logical and stronger to range between 38221 and 48900 for sometime and then rally up.
What is your opinion?
XAU/USD 12-16 Feb 2024 Weekly AnalysisWeekly Analysis:
Outlook and bias for this coming week remains unchanged.
-> Swing: Bullish.
-> Internal: Bearish.
-> Did not reach EQ.
Price has not yet reached 50% EQ. Price remains in pullback phase in the premium swing/internal, therefore, I will still be looking to looking to short.
Bullish pullback following bearish iBOS now most likely complete and will target weak internal low.
Bearish CHoCH will be the first indication that sweep of liquidity of internal high is confirmed bearish swing pullback has initiated (highlighted with dotted horizontal line)
As mentioned last week, request to LTF's would be to shift bearish to facilitate bearish pullback.
Anticipate structure to indicate start of pullback phase once price prints CHoCH.
Weekly Chart:
Daily Analysis:
Bias has remained unchanged since last week:
-> Swing: Bullish.
-> Internal: Bearish
-> Has reached EQ.
Price pulled back following bearish iBOS as per expectation.
Price has failed to close above strong internal high whereby we are now in premium EQ of the internal range.
Price remains, as last week, to be trading within internal high and low.
Expectation: Price to target weak internal low.
As per analysis of last week, In the event price continues to trade bullish, which it did, the likely scenario is for price to trade up to strong internal high before continuing bearish internal order flow which remains active.
Daily Chart:
H4 Analysis:
-> Swing: Bullish.
-> Internal Bearish.
-> Has reached EQ.
Price printed double bullish iBOS to confirm swing pullback phase is complete.
Currently internal structure remains bearish.
Expectation remains as H4 analysis dated 09/02/2024, for price to continue to trade bearish to target weak internal low.
H4 Chart: