Price has been dropping aggressively on Friday, creating a significant displacement to the downside. The area around 2680 is identified as a key supply zone where sellers might step in again. Bias is on the bearish side and I am expecting a retracement to 2680 (supply zone), followed by a continuation of the downtrend. A move up to 2680 will allow for liquidity...
Chart Overview And Daily Chart Context: The overall market is back in an uptrend, with a potential pullback after reaching $2,700. A Fibonacci retracement shows us potential buy zones for the continuation of the bullish move. Key Levels High: The recent swing high near $2,700 acts as a liquidity zone where buyers got exhausted, and sellers took temporary...
Following the massive sell-off during the three session on Thursday, the market has shifted from a steady uptrend into a sharp bearish structure. The recent price action broke below key support levels, creating potential for a bearish continuation but also signalling possible accumulation near current lows. The chart structure appears to show elements of a...
Watch the price at 2654. If the price doesn't reach 2654 in the next 45 minutes, skip trading today. Action Plan (If 2654 is touched): Switch to M1 Chart immediately. Look for a Market Structure Shift (MSS). This happens when price shifts from bearish to bullish, indicating potential smart money involvement. If MSS occurs, look for a Fair Value Gap (FVG) near the...
Key Levels to Watch: 1️⃣ Demand Zone: $2,645–$2,650 (previous support or unmitigated order block). 2️⃣ Supply Zone: $2,662–$2,665 (recent resistance or breaker block). Scenarios to Consider: 1️⃣ Bullish Continuation If the price holds above $2,650 area and forms higher lows on M1/M5, watch for bullish momentum. If a gap is created at opening and filled you can...
Everything on the chart but here’s my simple take on the chart: Right now, it looks like price has dropped pretty sharply, hitting the 0.236 Fibonacci retracement. This level is often a weak spot, meaning the drop might not be over yet. If price keeps falling, I think it could head toward $2,610 or $2,590, where there seems to be stronger support and likely more...
The first area of interest lies around the big opening gap. This zone represents an unmitigated 15-minute order block (OB), which could serve as a liquidity magnet for a retracement before any bullish continuation. The price is sitting near a breaker block and a supply zone around $2,590. A strong rejection here could indicate a deeper pullback. Higher Timeframe...
Without taking in consideration geopolitical tension and the crazy nature of Gold, from my 2cts technical analysis view I believe the long due retracement should look like this. But again, sh1t coin pump hey!
I don't really swing trade but if the uptrend doesn't resume soon, we will most likely be looking at this set-up, I think. As always the market does what it want but this bearish scenario is very likely to happen if Gold doesn't regain bullish momentum. Just my thought, nothing else. Trade Safe!!
Hi Gold fanatics!! you might have seen me in the minds section joking around and talking shit but that one I'm serious. Even if I personally 95% of the time scalp I thought I would share that overall longer trend Bias. Everything is pretty much on the chart and self explanatory but if you are still long term bearish and targeting 2308 level you might want to...
Everything is pretty much on the chart. But looking at fundamental, there is no way the BOJ will let it go further, they will do as always and bring it back down. Take the ride down, feel free to target any of the demand zone or just manage the trade with trailing S/L, I'm gonna let it run as far as a swing trade can allow it. Be safe!!
If correct and caught properly this setup can be a really nice 200 pips leg up. 1st target at 80-100 pips. Check the chart for more details.
Check the chart and decide for yourself!!!
Everything on the chart. The Daily is even more attractive!!!
If you missed earlier entries for a short on LTC, here might be a good time for you. The price respect the EMA for the dynamic resistance so far, how long will it hold?!? Trade Safe!!
Everything is on the chart. If it doesn't go the bull way back to the $6.2K area. Trade Safe!!
You have to zoom out to Daily here to find the Area of Value. Watch and wait to see what the price is doing is always best. Don't guess, obverse and act. Trade Safe!!