Gold slightly rebounds trying to get back the bullish action OANDA:XAUUSD the bulls struggling to stop the price bearish movement
Now that will depend on the stability of the support 2,605.00
if this support prevents the negative price movement, then it more likely to try to pass the previous top @ 2,721.00 to target then 2,790.00
But if the price breaks done 2,605.00 then it may target lower supports starting 2,540.00
Analsysis
EURUSD SELL | Idea Trading Analysis#EURUSD moving higher as it tests the strong resistance level. The price has reached the resistance level..
The chart is moving from the upper boundary of the channel.
We expect the correction to continue..
Hello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity EURUSD
I still did my best and this is the most likely count for me at the moment.
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Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
ONE ANALYSIS ON GOLD YOU DON'T WANT TO MISS!!GOLD TRADE ANALYSIS FOR 26/02/2024
2043 AND 20147.98 WILL BECOME IMPORTANT LEVELS FOR GOLD
2043 Will be the target and 2047.98 will be second.
Anything between this levels must be taken with cautions, this is where the price will make decisions to either go down. Or break up to 2062.23
Or it could break down to come for liquidity at exactly from 2030.79
Between 2030.79 and 2043 should be safe range to trade on Monday.
Anything above or below this levels to be confirmed strongly
DAY TRADING 003BYBIT:ARPAUSDT.P
GOODMORNING! today I have my eyes set on a beautiful trade with ARPAUSDT this is one of the cleanest charts out at the moment on the 4HR I am simply just positioning myself with my own technical analysis ideas and running with it as you can see above here we have reached a point where resistance could turn into a pullback with my idea I believe that we will have another little pump up to make a double top to THEN come back down for a pullback, I have my limit orders set for take-off.
Thanks guys.
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bitcoin is not looking good right now !!btc is forming bearish pennant on 4 hours timeframe. which isn't bullish continuation indication. it's looking very bad.
withing few hours PPI (producer price index) report will be published around 8:30 A.M. Eastern Time)
I am hoping for bullish news if we do get the bearish news. we will see significant drop in bitcoin price.
if you are holding bitcoin in spot you don't have to worry. but future traders have to be aware of price action and what bitcoin is doing.
don't fomo or panic. things will get better. i will be updating this idea time to time.
if we do break upside we will see massive pump to 19k if downside we will see 13-14k :)
Q3(3RD QUARTER) ANALYSIS FOR GOLD, BULLISH BEFORE BEARISH Hey guys.
I'm Martin Sylvester😅😅😅😅
Everything Charts.
I want to engage you a little.
If your chart is open.
You could use horizontal lines on the higher Timeframe like D1.
Something is really really nice there and I spotted it. I may be wrong but it's so sweet and I'll like to share it.
$2000 price
$1900 price
$1800 price
$1700 price
Each with 1000pips separation but really aligns to price movements on Gold.
I'm more of a round up number person when it comes to dissecting a chart.
So Gold found itself at $1800 and just spiked to $1790.
When Gold got to $2000, it spiked to a midpoint $2050 but $2000 is the main main part, it went down to $1900, patterned it's movement back to $2000, dragged down to $1800
From all indications, history repeats itself😅😅😅😅😅
We are likely to see a move to $1900 or $1950 cos for Gold to spike to $2050 but main price point is $2000, history will repeat itself from past data that it will get to $1900 and may possibly spike to $1950/$1960.
Then drop down as before...
When it spiked to $2050/$2060, what happened???
It dropped to $1900, made a Retracement to $2000 and dropped to $1800.
So let's see it this way..
Rally to $1900, spike to $1950/$1960, then a drop to $1700.
That's like 2000pips plus repeated on historical data of the charts..
Cos $2050/$2000 to $1800 is 2500pips move...
So if there's a Retracement to $1950/$1900, it will be another 2500pips move if we were to look at how data collides with algorithm and repeats itself.
2500pips decline from $1950/$1900 would be at exactly $1700 as predicted earlier.
Trade with caution but these are just speculations, I may be wrong (as I'll always say).
I'm open to corrections(as I'll always say).
If you can take your time to mark these price points, it will help with trades for Gold(XAUUSD).
Lest I forget, there are in-between reaction price points too that I know of that moves in 200pips difference.
Lemme list them starting from top to bottom
$2070
$2050(midpoint for $2000 and $3000)
$2030
$2010
$1990
$1970
$1950(midpoint for $1900 and $2000)
$1930
$1910
$1890
$1870
$1850(midpoint $1800 and $1900)
$1830
$1810
$1790
$1770
$1750(midpoint for $1700 and $1800)
$1730
$1710
$1690
$1670
$1650 (midpoint for $1600 or $1700)
Yours Truly,
Martin I. Sylvester
Financial Market Analyst
#Nifty Range is what you wished for!Nifty is in such a range which every SWING trader might have wished for!!!!!
Nifty range from 15660 to 15551 is crucial. Any buys in dips would be appreciated!! 15910 can be seen on 27th June Monday 2022. But yes markets follow thier own thoughts as well!
What can we do?
I see final targets of 16175 soon, so new buyers buy above 15700 if 15min candle close and hold smoothly!
BTC IS DECIDING! OR TRYING TO DO SOMETHINGAfter rejected from yesterdays pivot point, it was on the road to 42K this what we see on the 1H timeframe chart, may be a consoladition. However, if we look at shorter timeframe like 5minute timeframe we see yesterday price was rejected from S1 and came to retest todays pivot. Like i draw on the 1H chart we have an upward trendline. if it breaks we expect to fall another trendline. We expect bounce up and come back to retest pivot in the 5minute chart.
for now, in all charts we see a litte consolidation. our support is 48200 is being very strong but our Major support is 47500! if price goes down from 48200 expect 47500 and testing pivot line on the 5 minute chart. After 47500 highly chance we'll see 42K.
Price is going up and down between 48200 and 48600 this range is called consolidation range. upward momentum and break will take us to R1(Resistance1) but downward momentum will take us to S1.
CONCLUSION:
PIVOT 50800
R1:60600
S1:42000
Minor Resistance:48600-700 49500!
Minor Support:48200 47500!
Falling from 47500 is critical you can open short its your decision. upward move from 49500 probably will lead to 54K-52K!
its all from my experience!!! do your own research and analysis. these are just an idea. do not trade because of my words!
WTIOIL WITH 8:1 REWARD TO RISK Daily chart in an uptrend making higher highs and higher lows. 4hr chart has been working within the channel and weekly pullback looking for the market to resume the trend. If we see a double bottom we could look for a break and retest of structure to take this market higher.