Will GBPJPY re-test 153.4 level ? P&F target updateThese targets were estimated by Point & Figure chart.
We'd like to see price pullback then continue drop.
There's a strong demand zone at 153.2-153.4 level.
They're not reversal levels.
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Let's comment below !
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Attention about this GBPJPY analysis
This is my personal idea and analysis only.
Let's see it as an example or a reference.
You also need your own analysis as well and manage risks.
Wyckoffmethod
BTC will create a wide range area between $ 30,000 to $ 40,000Hi
Bitcoin reached the $ 34,000 price range, as we had previously predicted. (See the idea below-January 9).
Today Bitcoin is in the 35000$ area. But what is the next?
My idea is that Bitcoin will create a large lateral movement area in this area (between $ 30,000 and $ 40,000). Bitcoin stops in this area will not be short (it will swing in this area for at least a few weeks)
But in order to determine whether Bitcoin will leave the area with a break-up or break-down, we will have to wait to see the price action inside the area in the coming weeks.
BTC next range areasHi dear traders.
BTC is above an important support line. It seems BTC may create a range area between $ 40500 and $ 44000 in the coming days. The presence of BTC in this range area (40500 - 44000) does not seem to last for many days. if it breaks down the support line, the next target will be a range area between 29500-40500. My idea is not to enter any position until the breakout of the range area (in both directions) and its confirmation.
wyckoff redistribution phase for btcassuming elliott wave 4 is not completed, then
the current market view is likely to be in redistribution phase and price action can take place as in the wyckoff redistribution schematic
further details available on the chart
alternatively, if elliott wave 4 is already completed then we are already in wave 5 and heading towards new ath
please note that this analysis is not a financial advice
happy new year
GBPJPY analysis today, scalping in US sessionWe're holding short positions so, here's just scalping idea.
Let's wait and see how the price reacts at these levels and plan accordingly.
We need a strong reversal structure to confirma before enter long positions.
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Let's comment below !
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Attention about this GBPJPY analysis
This is my personal idea and analysis only.
Let's see it as an example or a reference.
You also need your own analysis as well and manage risks.
BULL ANALYSIS (Wyckoff Reaccumulation) - COPPER (HG1!) - 1DWHAT WE HAVE
Daily Wyckoff Reaccumulation pattern
Monthly / weekly linear up trend
Bull monthly channel (waiting for contact with resistance)
WHAT I THINK
One of the best view we can see here for a reaccumulation and continuation setup. This isn't a signal for entry on market for the moment but here we have the context.
Should we expect a spring ? No, I don't think so, volumes decrease during all the reaccumulation, furthermore creek have been already jumped. So I will more expect a retest of the creek support. With a signal in it, it should be a nice entry spot, but if you prefer wait for a spring and doesn't happen, don't jump in market desperately. You will have to wait signal on the last point of support after SOS like I will do if we don't have signal around the creek support. It's always frustrating to buy the top of the range but it's always better to enter in a strategy pattern than on emotional reaction.
What should we target if plans happens ? First target should be the top of the monthly channel with profit taking. Before that always secure your losses to breakeven. If you enter around creek support or on a spring, it's important to be breakeven at the moment you see the SOS appears (it's not fool to take profit on it too). Market can always reject the price and go down again to the support or even worse go for a more deep consolidation. After that, if we reach the top of the channel : if you see short signals on it, close your position ; if we break it, just let run your profits to higher targets.
Macro economically we have a good setup to see the materials sector growth, we are in an up trend on every higher timeframe, we have continuation pattern, stars are aligned to see nice move in this way.
Like I say frequently : "Making money in trading is math and respect of strategy, so never let your emotions guide you in uncomfortable positions" . Here we have probabilities and strategy so don't let your emotions guide you and follow your plans.
PS : Apologize for my english, I do my best. I wish you all success you need for 2022, on every side !
XAUUSD Wyckoff Accumulation - Don't get caught out!Illustrated above is a break out of an accumulation set up which should see gold recapturing the price levels it fell through last week. The immediate upside price objectives are 1802,1811 and 1828.
Last weeks decline found preliminary support (PS) at 1794. This temporary relief is usually followed by what is known as a selling climax (SC) which took gold down to 1786. We saw first signs of exhaustion at this stage confirmed by the automatic rally (AR) back towards the preliminary support (PS) , before a secondary test (ST) saw price retracing back towards the climax lows. What follows next usually leaves an asset temporarily range-bound and is characterised by several rallies and secondary tests; the highest and lowest price points outlining the support and resistance levels for the range.
An initial a sign of strength (SOS) signified that a bottom had occurred with buyers emerging. This was subsequently followed by another sell off which often breaks the selling climax (SC) lows briefly. A key indicator to look out for at this stage is volume. Lower volume than during the initial selling climax (SC) indicates a possible (Spring) with confirmation of the Spring being further strengthened by another attempted sell off to the last point of support (LPS) which witnesses price bouncing back off the support line identified during the earlier stages. From this point onwards, price is expected to retrace back up and break out of the range targeting previous levels of distribution.
Whilst the longer term technicals and sentiment remain bearish, bulls have the near-term technical advantage. A daily close below 1785 will be required to change this near-term outlook. We can expect for gold to retest the 1828-1834 price level again. A successful break of this could lead bulls back up to the 1855-1860 level.
I hope you found this useful, do leave your thoughts in a comment below.
As always, a 'like' and 'follow' provides encouragement to share further ideas.
Thank you for taking the time.
BeyondEdge
Your Edge Is Your Perception. Go Beyond.
Unique GBPJPY technical analysis, see price action at 3 levelsUnique GBPJPY technical analysis
Today, we will see price action at 3 levels
If price approach with compression, it's a good sign.
In case the price shows signs of rejection of these levels,
We can wait for reversal structure to enter short positions.
And we recommend trading only when there are enough confirmations with RR from 3:1.
If you find the article useful or interesting,
Let's comment below !
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Notes on using this GBPJPY trading idea
This is ONLYGOLD team's idea and analysis.
Let's see it as an example or a reference.
You also need your own analysis as well and manage risks.
USDCNY Establishing a New Accumulation Range The price action of USDCNY is currently establishing a major Accumulation range, as postulated by the Wyckoff Method, between the support level at 6.3450 and the 23.6 per cent Fibonacci retracement level.
The completion of the preceding downtrend, underscored by the descending channel, is confirmed by the completion of a 1-5 Elliott impulse wave pattern.
A potential breakout above the upper limit of the channel could signify a subsequent test of the 23.6 per cent Fibonacci once more.
Unique analyis for USOIL, Wyckoff P&F targetsAs you see P&F chart on the right.
USOIL is bullish . Price can reach 85.5-86.6 as our estimating targets.
We'd like to see price going up to grab liquidity above previous highs.
Now, we're still holding long positions.
If we have a distribution, we can think about selling USOIL after that.
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Let's comment below !
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Notes on using this USOIL trading idea
This is ONLYGOLD team's idea and analysis.
Let's see it as an example or a reference.
You also need your own analysis as well and manage risks.
Bitcoin shor-term analysis, see price action at these levelAfter confirming an accumulation structure on the 1h frame, the price returned to test the last support at LPS.
This area coincides with the Point of Control of the Volume profile Fixed Range.
In front is the area marked * (red), the important area.
If the price breaks through this level, it can reach the 45.68k area.
Target is estimated according to the P&F chart.
In case the price shows signs of rejection of this level,
We can wait for a sell signal, down to the support below - around 41.8k
And we recommend trading only when there are enough confirmations, RR from 3:1.
If you find the article useful or interesting,
Let's comment below !
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Notes on using this Bitcoin trading idea
This is ONLYGOLD team's idea and analysis.
Let's see it as an example or a reference.
You also need your own analysis as well and manage risks.
US100 ViewChart is shared only for the study purpose.
US100 started sell off from high level as expected. Now lets look for sell in every raise.
Will Gold grab liquidity above? P&F target for long positonsWe had some long positions from last Friday as Gold Non-Farm analysis.
If you want to see detail analysis of XAUUSD on Non-Farm event, let's see our previous post (below section).
This week, price was reached higher levels. We'd like to see price grab liquidity above 1823-1825 and 1830-1833.
P&F chart shows min target around 1823-1825.
Let's wait and see how the price reacts with these levels. If price break 1831-1834 levels, price could reach to 1844-1845 levels.
We still hold long positions from good entries and we'll only find short entries when we see strong resistance and confirmations.
E.g about confirmations
a reversal structure or a Wyckoff accumulation range on a small timeframe.
Will Gold grab Liquidity above ?
What do you think ?
If you find the article useful or interesting,
Let's comment below !
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Notes on using this gold trading idea
This is ONLYGOLD team's idea and analysis.
Let's see it as an example or a reference.
You also need your own analysis as well and manage risks.
Gold Trading Idea today, low risk XAUUSD scalping by ONLYGOLDThis is a gold trading idea intraday (scalping)
Price was followed #2 scenario last Friday. It was grabbed liquidity then reversal quickly.
You could see detail Wyckoff analysis of XAUUSD below.
Today, there's a small accumulation Wyckoff schematic in low time frame (5m).
Price could re-test Last point of Support around 1781 level.
We also want to see how the price reacts at above resistance levels.
1809-1810
1814-1815
1820-1822
Now, we're trading in a range.
If price reject those levels, we can try to short to below supports.
And we'll only enter when there is enough confirmation.
If you find the article useful or interesting,
Let's comment below !
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Notes on using this gold trading idea
This is ONLYGOLD team's idea and analysis.
Let's see it as an example or a reference.
You also need your own analysis as well and manage risks.
XAUUSD Non-Farm Analysis, two potential Gold trading ideasAre you finding XAUUSD Non-Farm analysis?
Here's a XAUUSD analysis based on Wyckoff method, Liquidity reading technique and Price action
We're updated new levels for Gold that we need to pay attention before NFP.
If you are a trader with less than 6 months of experience, then trade 1h after the NFP news. Or better yet, skip today's session to avoid risk.
Two potential Gold trading ideas today:
#1. Price re-test above levels (1804-1805) or 1810-1811 levels.
We'd like to see this scenario than #2.
If price reject these resistance levels, we will try to short to the Imbalance area and Last Point of Support below.
#2. Price go downward first then re-test above levels (1804 or 1810)
If you need to see detail Wyckoff analysis of XAUUSD, let's see our previous post (below section).
We also marked key-levels on above chart.
Let's wait and see how the price reacts at these levels.
And we'll only enter when there is enough confirmation.
E.g about Confirmation
a reversal structure or a Wyckoff accumulation range on a small timeframe.
Will Gold grab Liquidity below ? What do you think ?
If you find the article useful or interesting,
Let's comment below !
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Notes on using this gold trading idea
This is ONLYGOLD team's idea and analysis.
Let's see it as an example or a reference.
You also need your own analysis as well and manage risks.
Gold analysis today, rise to grab Liquidity ?Gold analysis today (Liquidity update)
As previous, we was saw price went downward to grabbed below liquidity.
It's a spring event in small Wyckoff accumulation schematic (5m time frame).
Let's look on right chart (daily time frame):
This week, we'd to see price go upward to grab above liquidity.
Those are some areas that we're marked on the chart.
You could see detail Wyckoff analysis of XAUUSD below section.
We also could enter long positions when Price re-test Last point of Support around 1781 level.
Then we want to see how the price reacts at above resistance levels.
1809-1810
1814-1815
1820-1822 or above
We're trading in a range.
If price reject those levels, we can try to short Gold to below supports.
And we'll only enter when there are enough confirmations.
If you find the article useful or interesting,
Let's comment below !
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Notes on using this gold trading idea
This is ONLYGOLD team's idea and analysis.
Let's see it as an example or a reference.
You also need your own analysis as well and manage risks.