Probability-Driven NZDUSD Long: 54% Chance of Reaching TargetI'm sharing a bullish trade idea for NZDUSD, supported by several key fundamentals. The U.S. dollar is weakening due to expectations of interest rate cuts by the Federal Reserve, which is beneficial for the New Zealand dollar.
Additionally, New Zealand's economy is showing resilience, especially with favorable trade balance data and stable commodity prices, particularly in dairy exports.
To find the best entry points for my long positions, I will use my X1X2 strategy, which focuses on identifying high-probability trade setups. This strategy involves analyzing recent price swings where the probability of a successful trade is over 54%.
12M:
1W:
6H:
Short-term 6H is holding bullish, aligning with our 1W bias.
Fractal
CADCHF Trading Plan - 20/Aug/2024Hello Traders,
Hope you all are doing good!!
I expect CADCHF to go up from the zone.
The Up move is expected to be an Impulse, however if it turns out to be a correction another push down can come.
Plan to Trade:
Wait for market to give Buy setup at zone.
Your follow and like will be a token of appreciation.
XRPUSD: Analyzing the Path to New HighsThe crypto market is showing renewed strength, and XRP appears to be in a good position for a bullish move. Recent positive developments in the regulatory landscape are reducing uncertainty, which could lead to more institutional interest and liquidity.
Additionally, Ripple's ongoing innovations in cross-border payments are enhancing XRP's use case, making it more attractive to investors.
To capitalize on this potential bullish bias, I'm planning to use probabilities to find the best opportunities to enter long positions. I’ll focus on setups that offer a favorable risk-reward ratio and will scale into my trades as the bullish bias confirms.
1M:
2W:
2H:
Possible ETH Recovery Yea ETH is getting dummied and chewed up all over the timeline and on the charts. It is still underperforming BTC and SOL.
However, amidst all the FUD it has an ETF and some diehard users. ETH likes to die, come back to major support, then slowly grind higher.
The market is a discounting mechanism for participation. Everyone wants to sell ETH or short it and I don't see or hear many ETH bulls nowadays. This leaves a strong asymmetric opportunity for the bulls if there are any left.
A move down to take out longs SL below 2500 and push to 2300 is not out of question but this fractal from JAN 2024 sums up my idea on where ETH might head towards in the coming months.
There is a lot liquidity at the major sell off levels that typically gets tested or filled.
ETH is in a major downtrend no doubt and the berus are winning. But something has to give and right now the RR is skewed far more towards the longs and bulls imo.
EURJPY Long Hi Traders,
We have another Week of opportunities.
Just a quick technical analysis on the 15m. A previous Demand Zone is Tapped in after drawing out sell side liquidity.
We have another liquidity taken with a multi FVG. Executing a Limit Buy Order at $161.222, SL - $161.032, TP $162.645. Trade Responsibly
XAUUSD IS GOING DOWN FOR A BIG BULL RUNso according to my analysis XAUUSD is going down to retest an inefficient demand zone and continue its bull run, but for the time being we are noticing a bearish move heading for that demand zone in 1 hour bias. if you want trade this retracement in the 15 min we have optimal supply zone at (2519.33). even though there are multiple zones the reason I choose this specific zone is it broke the structure and and it is inefficient however there is also another supply zone that meet the criteria at 2514.89 wait and confirm before entering a trade using 5 min timeframe. and for target you can aim for the weekly demand zone
YOU ONLY NEED 3 TIMEFRAME TO BE PROFITABLE !!!most of the time people on the internet bombard us with so many information when it comes to trading. like use this use that you have to use 5 or 6 timeframes, but in fact using this much could make you even more confused . so in this post I will share the easiest way for you you can to capitalize on timeframe analysis.
THE HIGHER TIMEFRAME - for bias which tells us in what way the price is going.
( up, down, range)
THE MIDDLE TIMEFRAME - to identify our zone for example if your trading system uses FVG you can locate your zone their. i personally use supply and demand so at this time i zone out my i will draw my supply or demand.
THE LOW TIMEFRAME - in this stage use it for entry confirmation.
this multi timeframe analysis can work on every time which means you can scalp , day trade or swing trade .
for example you can use
1 HOUR FOR BIAS
15 MIN ZONE IDENTIFICATION
5 CONFIRMATION
thanks for taking your time and read this post.
tell us your thought in the comment.
BTCUSDT.P 1D chart (short)The higher time frame (HTF) is currently in a downtrend, and I observed a break of structure (BOS) as the price retraced back to the 1-week supply order block. Based on this analysis, I anticipate that once the price makes contact with the 1-week supply order block, it is likely to reverse direction and continue its downward movement, eventually reaching and possibly reacting to the 1-week demand order block. OKX:BTCUSDT.P
NZDUSD Sell SetupThe NZDUSD pair has hunted major liquidity in the higher time frame, which is causing a reaction, or at least some signs of it, in the lower time frame. We're currently watching the 15minute chart, where we expect to see some bearish movements. The bearish change of character in the lower time frame can be considered the first confirmation for setting up a sell position for this pair.
Here are the levels I would set:
Entry level: 0.61548
Stop loss: 0.61716
Take profit: 0.61330
Please note that this analysis is not intended as financial advice. Each individual should assume responsibility for their own trades. The purpose of this post is to provide ideas and inspiration, encouraging readers to view the chart from different perspectives. Always conduct your own research and analysis before making any trading decisions.
AUDUSD Bearish ScenarioToday, we will analyze AUDUSD
Specific explanations are provided for each zone and movement on the chart. If you have any opinions, feel free to share them in the comments section.
Please note that this analysis is not intended as financial advice. Each individual should assume responsibility for their own trades. The purpose of this post is to provide ideas and inspiration, encouraging readers to view the chart from different perspectives. Always conduct your own research and analysis before making any trading decisions.
Bitcoin BTC price can repeat the growth fractal from 2020-21?The fall of stock markets and the crypto market on 📉"Red Monday" 05.08 was called the most painful since the beginning of the Covid-19 period in March 2020.
Who we are to argue with "analysts and giants of financial thought"?)
We have copied the fractal of OKX:BTCUSDT price behavior since March 2020 and applied it to the current situation.
😱 And it's a "magic", at now everything is very well relevant
Then we "seasoned" the chart with the marks when the Fed rate could be cut, namely: 18.09, 08.11, and 18.12. and added a "little" fibo levels that can work well in the future, because they worked well in the past.
And here's what we're getting:
1️⃣ for the next week, the price of #BTCUSD shouldn't fall below $52,000
2️⃣ growth acceleration after the first Fed rate cut.
3️⃣ 2025 should be greeted with the price of CRYPTOCAP:BTC around $77000
4️⃣ and by the end of 2025, it would be nice to see $154000 for CRYPTOCAP:BTC
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