Entry
NZDCHF: Local Long From Support!
Ladies and Gentlemen,
Here I present you a
Long from support on
NZDCHF pair which is
Justified by the combination
Of the uptrend and the
Retest and rebound from the
Key support level
(despite the downtrend
on the weekly TF)
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GOLD: Bearish Forecast & Outlook
It is essential that we apply multi-timeframe technical analysis and there is no better example of why that is the case than the current GOLD chart which, if analyzed properly, clearly points in the downward direction.
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EUR/USD: Entry points in favor of buyersOANDA:EURUSD We expect EUR to 'weak further' last Friday but we think it 'unlikely to break key support at 1.0850 today'. Our view on EUR weakness is correct even though it has slightly breached 1.0845 (lowest is 1.0840). While severely oversold, EUR's weakness remains volatile. However, key support at 1.0850 may be out of reach today. Resistance is at 1.0872, followed by 1.0890.
Last Friday (May 12, spot at 1.0920) we turned negative for the EUR and emphasized that it 'could likely drop lower in the coming days'. We added, 'the level to watch is 1.0855, as a break of this key support is likely to trigger a sharp and rapid drop in EUR'. While our view is not wrong, we do not fully expect EUR to breach 1.0855 so quickly as it plummets to lows of 1.0840 (-0.60%). There is no change in our EUR negative view and the next level to watch is 1.0850. Looking forward, if EUR can break and sustain below 1.0850, the next level to focus on is 1.0725. We will keep our negative view on EUR as long as it doesn't break above 1.0940 ('strong resistance' was 1.0995 last Friday).
Trade Alert - Long XRPTraders,
You know I have waited patiently for this one. For three weeks plus, I have set my entry area at .42 and I have remained disciplined, staying out of the trade until entry target was reached. Today that was achieved. In fact, I even got a better deal with an entry at our 200 day ma. Target depends but I am shooting for those levels above and may hold a bit to .58 cents again. Stop out will be around .37 cents, again pending price action. We’re batting 100% so far on XRP. Let’s keep it going and make it 7/7 wins!
Best,
Stew
Strong Up Trend of XAUUSD in monthly timeframeIn 1M timeframe,the price bar is still above Fast Trendline (blue line), it means that the trend is still strong.
Gold made strong resistant zone at 2070 price level. The price made a pin bar in Mar 2022 with high strong volume but reversed. The volume is now low, under MA20.
In my opinion, there are two scripts:
- (1) Price will break the 2070 resistant zone. After that, price will come back and retest the resistant zone.
- (2) Price will touch resistant zone and reverse. Price won't break Slow Line (The thick green line), and come back and break the resistant zone.
We need to wait the bar close in May and June to confirm trend.
I prefer first script, because the up trend is still strong.
GBPUSD LONG (SMART MONEY CONCEPT)GBPUSD has been in an uptrend for a while and the order flow can still be seen to be heading north. Recently, the pair broke structure again to the upside as indicated here by the blue line before heading down south to the demand zone that initiated the break of structure (Last down move before the up move). Price has now changed character and broken structure again. Our next liquidity target now is 1.2550 which we expect to get taken out this week. The liquidity target also coincides with a trendline coming from higher time frames. Look for opportunities to get involved in the LONG from lower timeframes like 15 mins. Remember to always practice good money and Risk management.
LINK accumulating for almost 300 days The position has been accumulating for over 300 days, the price has surpassed all lower zones and removed important external liquidity, the targets remain only higher in the form of EQH.
A good reaction to the FF imbalance can be seen, and now this reaction should lead to the removal of EQH.
Against the potential decrease in dominance and signs of strength in the ETHBTC chart, the LINK chart looks very good.
ADA Breakout possible, TriangleCurrently, ADA is displaying a triangle pattern, indicating an upcoming breakout. However, given the fundamental background, the likelihood of a downside breakout is higher, particularly as the price approaches the 0.786 level.
Notably, the 0.34 area has seen significant buying interest, suggesting that this may be the target if ADA does break the trendline and FIB level to the downside, as supported by volume data.
XRP possible end of the correction The 61.8% retracement level is considered significant because it represents a deep retracement that often occurs before the price resumes its trend in the original direction. However, it's important to note that no retracement level is foolproof and that traders should always use additional analysis and risk management techniques when making trading decisions.
Possible good entry since the RR in this scenario is going to be quite high
EURJPY 2nd April 15min setup here for EURJPY we moved into our supply with clear bullish momentum and created a new swing range to the upside so iam looking for a new shift to take us higher and out of the current range we are in, if we don't react at demand shown at the base of our swing we will look for a bearish setup to give us that reversal that we had marked from last week, now of course how we open up this week will give us a better idea of what we can expect for this setup!
We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
Bitcoin Scalping Signal for Day Trading🖥️ We have determined there is a 70% chance Bitcoin will Rise from our current entry point.
We had a nice Bounce off our 0.786 Fibonacci, and with a majority of the uncertainty over - some upward movement is our belief.
📉 LONG - BTC : $27,250 📉
💵 Length of trade: we are expecting BTC to hit a $550 scalp, with a high end of $1,100, and a minimum expectation of $300.
🕰️ Duration of trade: we are expecting the minimum target to occur within 10 hours. Then we see the rest of this trade playing out within 3 hours of market open for NYSE.