GBP/USD Longs from 1.28000 as a retracement. This counter-trend idea comes from the fact that price is currently reacting at an old supply zone. However, if this supply fails, I wouldn’t be surprised to see price move up and take out the trendline liquidity above. Ideally, I’d prefer to wait for price to come down to the demand zones to mitigate before aiming for a move up to capture the liquidity pool.
I’ll be watching for signs of Wyckoff accumulation within my points of interest, particularly at the 55-minute or 18-hour demand zones, depending on how price behaves.
Confluences for GBP/USD Buys:
- Significant trendline liquidity to the upside that could be targeted.
- Demand zone has led to a break of structure on the upside.
- Price has been heavily bearish and may be due for a pullback.
- Several untouched Asian session highs above.
P.S. With upcoming news, including NFP and election events, I’ll likely stay on the sidelines unless a very clear setup emerges, and even then, I’ll keep risk minimal.
Demand Zone
XAU/USD shorts from 2,760 or Longs from 2,720This week, my analysis suggests that gold may continue to drop, targeting the trendline liquidity formed below. Once that liquidity is taken out, I anticipate a bullish reaction, potentially around the demand zone I have identified. If the price retraces up to the supply zone, I’ll look for potential sell opportunities to follow this short-term bearish trend.
Since my overall bias is bullish, I am more inclined towards long positions due to the higher time frame outlook. However, if the price surpasses any of my nearby Points of Interest (POIs), I’ll watch for a deeper retracement around the demand at 2,680 or the supply at 2,780.
Confluences for Gold Sells:
- Price has shown a bearish shift on the higher time frame.
- Supply zones remain on both the 1-hour and daily charts.
- There is significant trendline liquidity below, providing a target for further downside movement.
- The dollar has been moving bullishly, which aligns with a potential drop in gold.
- Gold has been in a strong bullish trend and may be showing signs of exhaustion, hence the recent heavy decline.
P.S. I’ll stay vigilant and assess where the price moves first. If price breaks structure to the downside, I’ll have a stronger inclination to sell.
Have a great trading week!
LTC Long (conditional mid-term)#LTC Long (conditional mid-term)
If - then.
Why:
• General Bullish bias/Uptrend
Where:
• Lower border of 12H uptrend channel
• Volume POC of the range
• Zone begins: HL SSL
• Zone ends: Lower OB
• SL Under next swing low and demand POI
- Still in premium Zone.
Risk: Low
The probability of a general bullish uptrend continuation is always higher than the probability of a reversal.
Amount:
SL is medium sized- 4,3%
Safe entry on 1.86% x25
will expose you to the risk of 2% total.
DOGE To Mars - The Elon RideDOGE got a memorable boost with the previous FOMO.
With the Crypto Markets preparing for the next boom, I think this one will go again.
This dog went to the Moon, now Elon's gonna take it to Mars.
I will not hesitate to get my hands on this Dogecoin at the $0.03-$0.01 range.
DOGEUSD ( DOGEUSDT , DOGEBUSD ) Tech. Analysis:
* Elliott Wave Impulse: Cycle A (white)
* Elliott Wave Correction: Primary A-B-C (red)
* Ending Diagonal: Primary C (red)
* Bullish Divergence
* Demand Zone
* 88.6% Fibonacci Retracement
* 61.8% Fibonacci Extension
* Double Bottom
It might take a while, but it proved to be a nice meme coin.
So, might as well get some if it provides a better level.
FET Solid Long Entry & TargetA few untested KEY levels below would be a nice place to enter a long trade if we get the reaction we are looking for. The target would be the Value Area High & other untested KEY levels above.
Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade.
Every day the charts provide new information. You have to adjust or get REKT.
Love it or hate it, hit that thumbs up and share your thoughts below!
This is not financial advice. This is for educational purposes only.
Trading Alert: Ready for a Bounce to 2810? XAUUSD Market Insights:
Supply Zone: Currently facing resistance at 2788-90.
Support Level: Key buying opportunity at 2780-74.
Target: Aiming for 2810.
Upcoming Catalyst: NFP report this Friday could create volatility.
Strategy:
Watch for a bullish reversal at support to enter a long position.
Be ready for potential price swings around the NFP release.
Feedback Welcome: If you like this analysis, your support would be appreciated!
AAVE midterm Long presetHi all!
Here I brought to you my complete TA for AAVE Long.
I have determined two Long entry zones.
Why: General bullish bias and uptrend channel, already near lower border
When:
1st Entry Zone one is more risky. Its located on the intersection of 1D and 12H FVG. Both mitigated but respected. Its a demand zone and lower uptrend border as well.
BUT! Median ATR (2.6k p) of last bear waves is only on 50% of its potential movement, so it have enough fuel to move price lower, to the 2nd Long Entry Zone.
2nd Entry Zone located under the range volume POC and volume VAL is in the middle of it. On the lower end there is a demand zone, 1D mitigated VFG and 4H unmitigated VFG.
And Median ATR points directly at it. So this 2nd Entry is much more valid and safe. There are no guarantees that the price will reach this level, but if it does, it will be an excellent entry point.
GOLD FORECASTIn this analysis we are focusing on 30M time frame for XAUUSD. Today I'm looking potential drop in gold price, So wait for price when it comes into our zone. After taking some additional confirmation like volume increase or decrease and RSI divergence. Then we will execute our trade.
Always use stoploss for your trade.
Always use proper money management and proper risk to reward ratio.
This is just my prediction and analysis.
#GOLD M30 Technical Analysis Expected Move.
Nat Gas: Heating Up into the WinterBrief Overview on Natural Gas
Natural Gas is a commodity generally traded on the premise of weather forecasts indicating cooler or warmer seasons. This allows traders to speculate on demand for the product as it generally trades higher with cooler temperatures. Today we are looking at the weekly chart.
Thesis: Technical Analysis Pointing to a Bounce
This analysis is mainly focused on the lasting demand zone that Natural Gas time and time again respects and typically bounces from. The weekly chart points to the likelihood that the R/R is favorable for a long position at these levels in the 2.20's. Not only do we see NG tap back into this heavy demand zone, but we also can see a Cup & Handle on the weekly chart signaling potential greater upside.
Demand Zone offers strong R/R as it dips back in to these levels.
Cup & Handle can represent even further upside, but will rely on the initial rebound to prompt the possibility of it playing out.
There is also a trendline (not pictured) that is supporting the current bounce we are seeing today from the 2.18/2.19 level. It is important to note that the commodity has been seeing higher lows since the Spring.
Lastly, a tap of fundamentals play into this idea as well. Though winter demand is always priced in, this year forecasts have repeatedly painted the picture that this winter will be historically mild. Due to these forecasts implying less seasonal demand for Nat Gas, a shift in the shorter-term and more accurate models as we approach the winter season will sharply move the price of Nat Gas and represents that the current price is truly pricing in a very mild winter. This basis supports the idea of great R/R on this LONG trade idea.
Disclosure
I am currently in a long position in Natural Gas after entering on the Friday (10/18) Close
My position includes: AMEX:UNG Credit Spread 13/12P , AMEX:BOIL common shares
If this thesis holds up, I would plan to roll my credit spread contracts into further expirys
Thanks for reading!
Not Financial Advice
CADJPY Bounce off Demand Zone?This is a head up! I shall be watching this pair closely. The plan will be to open a LONG position when I get the close of an hourly candle showing a bounce to the upside. This is consistent with the 4H and Daily trend direction. I shall be waiting for a pin bar, engulfing or tweezers. I shall place the stop below the zone at about 107.55. If the price drops below the zone that this idea will be scrapped.
NOTE. Canadian CPI is due for release 12:30 GMT TODAY so I will NOT be opening a position until after this data release.
HUM Long 11/10/24Asset Class: Stocks
Income Type: Weekly
Symbol: HUM
Trade Type: Long
Trends:
Short Term: Up
Long Term: Down
Set-Up Parameters:
Entry: 251.55
Stop: 227.76
TP1 321.05 (3:1)
Trade idea:
Daily DZ DBR at breakout, with a FVG above it at 1:1 RRR. Possible trend reversal at the daily DZ
!!Be aware of pending Economic Reports. If price is within 20 pips of proximal value at time of major impact report, then Confirmation entry.
Trade management:
**When price hits 1:1 or T1, consider moving stop to entry in case of pullback.
**Disclaimer**:
The trading strategies, ideas, and information shared are for educational and informational purposes only. They do not constitute financial advice or a recommendation to buy or sell any securities, currencies, or financial instruments. You should do your own research or consult with a licensed financial advisor before making any trading decisions. The author assumes no responsibility for any losses incurred from following these trading ideas.