Gold LongsWatching gold, if I see it get back into range of 1921, Ill be looking at buys targeting that 1932 resistance. I think with the recent strength of the dollar that we could be looking at possible sells especially if 1916 breaks it opens up to 1911 more. From here I will also look at potential buy set ups.
Buy-sell
EJ TradesSupport forming on 15m chart, with the Yen weakening, theres little prevention against depreciation.
Id expect the EUR to rise against the Yen, I am placing a buy order at the bottom of support targeting the rejection to resistance.
We have sen over recent month's the dollar slowly eating away at the Yen, from this im predicting the EUR will follow.
Golds RallyGold has risen and broke key resistance of 1911, 1916 and 1925. It seems to be holding above the 25 level.
We have key resistances at 1932, and 1938. If price breaks and holds above 32, I see it ranging between 38-32.
My trades will become valid once I have confirmed BOS.
With the recent strength in gold, I presume the bullish run will continue up to 1938.
Global downward channel, from here i'll target sells back to 1932.
GU ShortsWe have a lot of USD news later today. Im looking at sells heavily,
Im selling from 61.8% fib targeting the 50% zone. I think with gold looking bearish also, it gives a better chance to see a fall in USD pairs today. GU is also following down my trendline, which gives me more confirmation of a downtrend in recent hours
This is not financial advise, only what i have personally analysed. Each to there own, any comments are appreciated.
Happy Trading
ASTRA Protocol Major Announcement in the next 24hASTRA Protocol on Twitter:
"Astra’s Big announcement is dropping in less than 24 hours, marking a grand achievement for us all!
Stay tuned, and let the countdown begin!
Join us to be a part of the next revolution in Web3!"
The Market Cap of ASTRA is only $2Mil.
Team seems legit, Phil Hogan, the former European Commissioner for Trade, is Executive Advisor at ASTRA.
Hard to believe it will be a buy the rumor sell the news event! What to sell if the market cap is only $2Mil?!
PEPE Coin potential rally with the Stock MarketCryptocurrencies were left behind by the recent Stock Market rally.
With the arrival of new BTC Bitcoin ETFs, I expect the Crypto Market to follow!
PEPE/USDT long
Entry Range: $0.000001550 - $0.000001650
Price Target 1: $0.000001790
Price Target 2: $0.000002100
Price Target 3: $0.000002700
Stop Loss: $0.000001350
Litecoin LTC potential rally with the Stock MarketCryptocurrencies were left behind by the recent Stock Market rally.
With the arrival of new BTC Bitcoin ETFs, I expect the Crypto Market to follow!
LTC/USDT forecast
Entry Range: $85 - 90
Price Target 1: $96
Price Target 2: $102
Price Target 3: $107
Stop Loss: $75
Cardano ADA potential rally with the Stock MarketCryptocurrencies were left behind by the recent Stock Market rally.
With the arrival of new BTC Bitcoin ETFs, I expect the Crypto Market to follow!
ADA/USDT long
Entry Range: $0.26 - 0.29
Take Profit 1: $0.34
Take Profit 2: $0.40
Take Profit 3: $0.43
Stop Loss: $0.22
Solana SOL and the US Debt CeilingNegotiators from Democratic and Republican parties finalized an agreement on Sunday night.
Instead of raising the limit to a specific level, they have opted to suspend it entirely until 2025. This strategic move ensures that their bills can be paid until that date, while also guaranteeing that the next battle to raise the ceiling will not coincide with the upcoming presidential election.
The resolution of the debt ceiling issue brings optimism and stability to the financial landscape, which has a positive ripple effect on the cryptocurrency market.
Bitcoin and the broader crypto market stand to benefit from increased investor confidence, reinforced safe-haven status, enhanced institutional adoption, regulatory clarity, and the overall positive impact on global markets.
SOL/USDT
Entry Range: $19 - 21
Take Profit 1: $23
Take Profit 2: $25
Take Profit 3: $27
Stop Loss: $17
Cardano ADA and the US Debt CeilingNegotiators from Democratic and Republican parties finalized an agreement on Sunday night.
Instead of raising the limit to a specific level, they have opted to suspend it entirely until 2025. This strategic move ensures that their bills can be paid until that date, while also guaranteeing that the next battle to raise the ceiling will not coincide with the upcoming presidential election.
The resolution of the debt ceiling issue brings optimism and stability to the financial landscape, which has a positive ripple effect on the cryptocurrency market.
Bitcoin and the broader crypto market stand to benefit from increased investor confidence, reinforced safe-haven status, enhanced institutional adoption, regulatory clarity, and the overall positive impact on global markets.
ADA/USDT short
Entry Range: $0.35 - 0.37
Take Profit 1: $0.40
Take Profit 2: $0.43
Take Profit 3: $0.46
Stop Loss: $0.32
Xau/UsdHello traders!
My opinion is that the pair will take a decrease to the level of 1985.00, which simultaneously completes and confirms the "xabcd pattern" scheme. At the level of 1985.00, we will have a recovery and increase to the level of 2040.00. Stay tuned to buy. Be careful, because very soon the long-awaited decrease will happen.
Be careful and wait for a confirmation!
Don`t forget to look at the economic calendar!
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GOOD LUCK!
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P2P | US30 Mark UpWelcome ladies and gents to another great mark up from P2P! I know you’ve all been well and I’m here for it all lol.
So quickly stated, this mark up is intended for educational purposes. The strategy we have been working with has begun to show improvement! Let’s break things down:
1) TOT : the execution time of the trade came Monday May 1st @ 10am, creating a high which would then be ran out and breaking structure to the downside.
* Once the liquidity has been ran out and price has broken structure in the opposite direction, Fib the range of the high to the low, and would look to enter a sell position at 62% Fib level.
2) Once price has moved in our direction, the Fib levels will determine how long the trade can be held. A safe level for placing your TP is the 0% level (it’s a bit over 1:1 trade with a slightly adjusted SL).
* price action around key levels are good, but price action around key levels toward the same direction are even better! Once price starts to reject on the pullback it allows you to A) move my SL to profit, B) take partials, or C) enter another position.
3) MTT) manage the trade by aligning price action around key Fib levels. As long as your trade aligns with time x direction x technicals (you will also add your fundamentals if there has been substantial news in the markets prior to the move).
And that’s about it folks. Working on pressing this into my mind permanently! See it, allow the trade to develop, the execute.
Anyways let’s keep getting better and securing our future. Trade well family, stay healthy on all aspects, and continue to rule 2023… year of the rabbit!
Very Strong Signal 📶 EURUSD 📶 Hello, friends, do not sell this pair because of the negative news, as the interest rate was negative yesterday on the dollar, so the euro must rise in front of it, so I will prefer the buying trend instead of selling, so we have three areas from which the price will reverse with a 99% confirmation rate
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The first area is the mitigation area from which the price may be reflected............ and the second area is the demand area...and the last and strongest area is the order block area... Therefore, in order to make sure that these areas are effective, we must We go on lower timeframes and wait for a reversal signal in one of these areas