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WAVES/USDT An Excellent Chance for a LONG Trading Opportunity!BINANCE:WAVESUSDT.P Recently, the weekly chart is trying to break a long-term resistance level. The price faced rejection at this resistance on the last three occasions, but now, we expect a breakthrough. After this breakout, a unique opportunity arises for a long trade with a potential target price in the range of 5 to 6 USD. #WAVES/USDT LONG 🍀 Leverage: 3x Entries: $2.5249 Take profit 1: $2.8586 Take profit 2: $3.8717 Take profit 3: $5.9554 Stop Loss: $1.1164 Stay tuned for trade confirmation and additional updates. Feel free to express your thoughts by liking and sharing in the comments section:) Thanks The sroced.
WLong
by srocedtrading
GBPJPY) 4H) tame frame ) analysis)Speculation about when the Bank of Japan will end its negative interest rate policy (NIRP) has been rife, but seen as more likely to come in January than December. Price action in JPY-related FX option markets isn't offering many clues, with increased demand and high volatility risk premiums for both meetings, and also for a speech by BoJ Governor Kazuo Ueda on Dec. 25. Deutsche shares sentiment with other banks who expect the Bank of Japan to maintain its current monetary policy framework in December, while hinting at an end to the NIRP at its Jan. 23 meeting. Deutsche attribute a 60% probability to hints being made. In terms of fundamentals, Deutsche believe that ending NIRP in January is appropriate because the forecast in the outlook report will change since the data already imply a virtuous circle in wages and prices. In terms of practicalities, it is because financial institutions would have sufficient time to prepare for it. Deutsche suspect that the BoJ will hint at the upcoming policy revision by including some key points in its statement; that it will assess and confirm the virtual circle between wages and prices by the January meeting, with the results to be published at the same time as the outlook report; and that, as a result of this assessment, the policy revision will be judged appropriate and it will continue to emphasize an accommodative policy stance and stable JGB markets even after the revision. Overnight expiry FXO implied volatility
Short
by SMC-Trading-Point
2
Double Top (Bearish) analysis)🗺️🗺️Hello traders what do you think about gbpusd traders gbpusd now see a double Top (Bearish pattern channels In trading.a double top pattern is a bearish chart pattern that indicates a potential trend 📉 reversel from an uptrend to a downtrend lt is characterized by Three conservative peaks (or highs) that are approximately equal; following by a price breakdown below a support levels. key levels 1.24922 key levels 1.242111 key levels 1.23599 First Top: The first top is firmed as the price rallies to a certain level and then retraces.lt represents a resistance levels where selling pressure begins to outweigh buying pressure. Decline and pullback: After the first top.the price decline but subsequently rallies back up. the pullback creates the formation of the second top. which is also approximately equal to the first top.🧠 Breakdown: The breakdown occurs when the price break's below the neckline indicating a potential trend reveal and the Start of a downtrend. traders often look for increased trading volume accompanying the the breakdown as confirmed signal. The double ⏫ too pattern suggests that the buying pressure has exhaust and sellers are stepping in leading to a potential reversal of the previous uptrend the pattern is considered complete and confirmed when the price break's below the neckline. triggered a bearish signal. Trader's often use the height of pattern (measured from the neckline to the Tops) to estimate a potential price target for the downward move after the breakdown. Additionally. some trader's may apply other analysis tools as Fibonacci retracement levels or moving averages to further validate the pattern and identify potential entry or exit point's. As with any chart pattern it's important to use the double top pattern in conjunction with other technical indicators and analysis mathods to increase the probability of successful trader's and to account for any potential false single 🙏
Short
by SMC-Trading-Point
Gold retest 2051) down 👇)2000) confirm zooon)💥💥Hello traders what do you think about gold ? Gold break support levels) now gold retest same time rsl) 2051) same) back down 👇) Support levels 2000) I know) Dxy index ☝️ back up rsl 104. Gold ticks up on weaker US dollar, bond yields Dec 5, 202311:36 GMT+5 KEY POINTS: DollarDXYindex down 0.1% Gold may test support of $2,009 per ounce - technicals Investor focus shifts to US non-farm payroll on Friday Gold prices rose on Tuesday as the U.S. dollar and Treasury yields fell after traders slightly pared bets for an interest rate cut by the Federal Reserve in the first quarter of 2024. Spot gold GOLD gained 0.2% to $2,032.70 per ounce by 0750 GMT. Bullion had surged to an all-time high of $2,135.40 on Monday, before dropping more than $100 in a single day to close 2% lower. U.S. gold futures GOLD for February delivery rose 0.5% to $2,051.70. Making gold less expensive for other currency holders, the dollar index DXY fell 0.1%, while yields on 10-year Treasury notes US10Y slipped to 4.2375%. Investors are awaiting the closely watched U.S. non-farm payrolls data on Friday, which could help further gauge the interest rate outlook. Lower interest rates reduce the opportunity cost of holding non-interest-bearing bullion. Gold ticks up on weaker US dollar, bond yields Dec 5, 202311:36 GMT+5 KEY POINTS: DollarDXYindex down 0.1% Gold may test support of $2,009 per ounce - technicals Investor focus shifts to US non-farm payroll on Friday Gold prices rose on Tuesday as the U.S. dollar and Treasury yields fell after traders slightly pared bets for an interest rate cut by the Federal Reserve in the first quarter of 2024. Spot gold GOLD gained 0.2% to $2,032.70 per ounce by 0750 GMT. Bullion had surged to an all-time high of $2,135.40 on Monday, before dropping more than $100 in a single day to close 2% lower. U.S. gold futures GOLD for February delivery rose 0.5% to $2,051.70. Reuters Graphics Thomson Reuters Spot gold price in USD per oz Making gold less expensive for other currency holders, the dollar index DXY fell 0.1%, while yields on 10-year Treasury notes US10Y slipped to 4.2375%. Even after the dramatic moves in gold prices over the past 24 hours, "for now, the overall trend for gold still looks bullish," said Ilya Spivak, head of global macro at Tastylive. A wave of profit-taking seems to have been triggered after gold rallied at the weekly open, to catch up to Fed Chair Jerome Powell's dovish comments from Friday, along with "pre-positioning ahead of this week's event risk," added Spivak. However, traders have lowered their Fed rate cut bets by March next year to about 60%, from 70% on early Monday, CME's FedWatch Tool shows. Investors are awaiting the closely watched U.S. non-farm payrolls data on Friday, which could help further gauge the interest rate outlook. Lower interest rates reduce the opportunity cost of holding non-interest-bearing bullion. The Middle East conflict and the fear of it spreading has driven money into the yellow metal, said FXCM market specialist Russell Shor. Spot gold may test support of $2,009 per ounce, a break below which could open the way towards $1,980, according to Reuters technical analyst Wang Tao. ❤️ Plaes like and comments My trading ideas 💡 thanks 🙏 for your support)
FOREXCOM:XAUUSDShort
by SMC-Trading-Point
#OIL potential reverse Head and Shoulder formationHello dear traders. Let's take a look at the oil chart for today and identify the potential Reverse Head and Shoulders chart pattern formation. As the price reacts to the bearish 4-hour timeframe channel , it seems to be forming a Reverse H&S pattern, which could potentially result in a bullish outcome for the price in the coming days. We observe good synchronicity between the two shoulders around the head, with approximately the same amount of time taken to form the pattern. Additionally, the price has established a well-defined neckline, which, in the case of an upside breakout, can act as support thereafter. As you may know, the H&S chart pattern is considered complete once there is a valid penetration of the neckline ; until then, the pattern is considered tentative. If you've found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
CAPITALCOM:OIL_CRUDELong
by mohemati
13
Brent Crude Oil🛢️Outlook: Navigating The Next Huge Move (4H)Brent Crude Oil Forecast 🛢️ TVC:UKOIL Just like we called it earlier, the price dropped from 82.00 to 79, hitting our Take Profit sweet spot. Now, even though the price popped above 81, it couldn't make higher high, and it's chilling below the 100-day moving average on the 4-hour chart. Looks like we might see it slide back from 81.50 - 82.00 to 80. If 80 can't hold its ground, we might be looking at a dip to the 77 zone. On the flip side, if it manages to break above 83, we could be in for a bullish ride. Quick heads up: Keep your eyes peeled for any surprise moves, especially with the OPEC meeting on November 30, 2023, and the ongoing tension between Palestine and Israel. Key Levels: Support lines: 79.00 & 76.00 Resistance lines: 83.00 & 84.64 Drop your thoughts in the comments below. Appreciate your take on this! Thanks! 🚀
TVC:UKOILShort
by InvestScale