Tezos , Breaking the downtrend line !All supports and resistances are marked on the chart. As we can see, the price is in an important range and recommended to keep an eye on it ...
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📊#XTZUSDT ( Tezos )
💹 Time Frame : Daily
🔵 Personal Opinion : HODL
👤 Saeid.Mahbob
📅 02.05.2022
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Xausd
EURCHF ON THE MOVE!!! Hi Traders
Please see the chart above Eur/Chf.
We are extremely excited about this opportunity which we will break down with you below.
What are we forecasting now and why?
• Our first step is always to break down a pair with multi time frame analysis so let’s do that to begin with. On the Daily time frame Eur/Chf has been in a bearish descending trend with no real correction at all. We are now expecting that correction which has been initially signalled by price rejecting and breaking out of this trend.
• We can see price has also created a nice double bottom which we are now validating with the confluence of the above break of trend.
• Price has now created a simply impulse and correction move respecting a key Fibonacci level at 0.318 and showing a rejection as well as a rejection of previous resistance now turned support.
• Moving down onto the 4hr chart we can see that our EMA’s have now turned bullish, and we are buying from oversold conditions.
How will we enter the short?
• This trade is active now. We have the market rejecting the Fibonacci key level and finding additional support from the 50 and 200 EMA’s. We may see price consolidate a little around this zone but ultimately, we want to see a big bullish move.
Where will our first target be?
• If you look back to around August / September 2021 we see this exact same scenario with a massive bearish run followed by a nice bullish correction. This correction back in August / September 2021 took us to the 0.5 Fibonacci level of the impulse and this is where we will be targeting first. We will then monitor the price action and potentially leave part of this trade open towards our target 2 but will react to price once we get there.
Let me know in the comments below if full break downs like this are helpful and if you would like me to go into more detail for anything illustrated on the charts.
If you agree with this idea, be sure to hit the thumbs up and if you haven’t done so already follow for more set ups like this and full breakdowns.
Thanks in advance,
The Fx Chartist
GOLD looking up 🦐GOLD on the daily chart after the last impulse retraced at the 0.786 fibonacci level.
The price after the consolidation is now attempting to break above the resistance.
According to Plancton's strategy if the price will break above and satisfy the ACADEMY rules we will set a nice long order.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any questions.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
XAU Entries + Exits! (REVERSE IS GUARENTEED IF PLAYED CORRECTLY)The ENTRY/TP zones are your entries as well as your exits.
Everything above the current candlestick is resistance, you would treat every zone above as a sell/potential buy break.
Everything below the current candlestick is support, which you would then treat every zone below as a buy/potential sell break if it hits the pip rule.
More info on the strategy and how to play it:
How To Play The Chart Entries/Exits:
Buy at green support entry, if it breaks by -35 pips (count it out) then enter a sell and ride to TP1, 2 and 3. Trail stop at each TP which means place your stop loss in profit but with enough room to be able to continue the sell if it continues. Same thing at resistance, sell but if broken by 35 pips then enter the buy and ride to TP1. Each TP is a support or resistance zone , so you could then even take a sell after TP1 for the buys have been hit and if it breaks out then just repeat.
All likes/comments and feedback are very much appreciated! Thank you to all of those who support me on a weekly basis, it really does mean a ton to me!
Gold remains undecisive Holds On a strong Trend-lineGold is currently undecisive price is at a key level both bullish and bearish scenario applies. Price could respect the prolonged blue trendline and form sort of like a 1-2 1-2 sequence and makes a move to the upside I also like the fact that we are currently trading on a 78,6 Fibonacci retracement. The bearish scenario suggests that we are forming a 1-2-3-4-5 and we are trading at the 3rd wave phase and we need to wait for wave 4 to occur before selling.
XAUUSDLaid out my trading plan for the Pre NY/NY OPEN Session.
Stated both bias for buys and sells.
Higher probability of it going higher as the Daily candle has closed bullish above the range but also since it was a strong rejection area previously, it can also reject the area once again and continue bearish. Let's see.
Be patient. Wait for the candles to print.
YOU GET PAID TO WAIT.
Gold Bullish Prediction Analysis Following the 160+ pip trade I posted before, gold has continued to follow the H1 bullish channel. My prediction is that if gold continues to respect the channel, price will increase to accommodate acording to it. Remember I am no magician but this is my best analysis and I hope it accomplish it. Another scenario would be that it breaks H1 channel, and price will drop exponentially.
EURUSD: still under the bearsAnd so, for the currency pair, a slight increase is expected to the resistance of 1.15890 and slightly higher. The purpose of this small increase will be a test of the resistance area. In general, while the price remains in the range of 1.15890 - 1.16675, the pair is under the influence of bears.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
XAUUSD (Gold) Analysis and trade ideaGold is broken structure to the downside, and a return to impulse is expected. I've identified a bearish order block as my POI. When price reaches it, I will look for the indications that price is transitioning from bullish to bearish momentum, and when a valid entry presents itself, I will short the market.
What are your thoughts on this analysis? I would love to get some feedback from you.
GOLD : PRICE STILL GROWING IN BULLISH CHANNEL | LONG SETUPWelcome back Traders, Investors, and Community!
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Have a Good Day Trading !
XAUUSD - SET TO DROPHello Traders,
As you all know, Gold attracted some buyers new 1760$ on Thursday.
Although bullish bias has lack follow through, we think market should retest 1745-1750 level again.
Our short term target 1754$
We do not provide any financial advice, all ideas shared on trading view is our view and not necessarily in line with yours.
Thanks.