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.
Entry
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.