Freesignals
Gold Price Hover NearRecord Highs Ahead of Key Labor Market Data the price of gold is expected to continue its soft uptrend. According to recent analyses, gold is currently in a rising channel pattern, indicating a potential for further gains if it maintains its upward momentum. This soft uptrend is supported by factors such as geopolitical tensions and rising real inflation, which are considered favorable for gold as a safe-haven asset.
The predictions suggest that gold might experience a slight increase, moving within a range of $2,491 to $2,643 per ounce throughout the day
EURAUD: Very Bullish Outlook Explained 🇪🇺 🇦🇺
EURAUD may pullback from a key daily horizontal support.
The pair looks very oversold after a recent bearish rally.
On Friday, the price formed a double bottom pattern on a 4H time frame
and broke and closed above its horizontal neckline.
We see its retest at the moment.
The price will most likely reach 1.6376 level soon.
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XAUUSD Daily Chart AnalysisHere's a detailed breakdown of the XAU/USD daily analysis to guide your trading decisions:
Buy Scenario:
Trigger Point: Watch for the daily candle to close above 2519.208. This level is crucial as a close above it signals a potential bullish trend.
Target: Should the buy signal be confirmed, set your target at 2531.800. This target suggests a move of at least 100+ pips, giving you an opportunity to capture significant gains.
Action: If the candle closes above the specified level, consider entering a buy position. Monitor the price closely to adjust your strategy as needed.
Sell Scenario:
Trigger Point: Look for the daily candle to close below 2509.722. This would indicate a bearish shift and signal a potential selling opportunity.
Confirmation: After the close below this level, wait for a Change of Character (CHOC) confirmation to validate the bearish trend. CHOC helps ensure that the market is indeed shifting direction before committing to a sell trade.
Target: If the CHOC confirmation is met, aim for a sell target of 2494.200. This setup provides an opportunity to gain at least 100+ pips.
Action: Once you have the CHOC confirmation, enter the sell trade and monitor the price movement closely. Adjust your stop-loss and take-profit levels to manage risk and maximize returns.
Summary:
Buy if the daily close is above 2519.208 with a target of 2531.800.
Sell if the daily close is below 2509.722 and confirmed by a CHOC, targeting 2494.200.
Keep an eye on these levels and be prepared to act according to market conditions. With these strategies, you can position yourself to potentially capture significant profits. 📊💰
TRXUSDT trend continuationTRXUSDT has pulled back following a recent surge. The market recently broke and closed above a flag pattern, with the price retracing about 38.2% of the previous bullish move. It has now reached a resistance zone last tested in 2021. Additionally, the price has pulled back to the previous higher high zone, from which it has already started to bounce. On the weekly timeframe, the market has broken through a large triangle pattern, suggesting a potential continuation of the trend. The target is the resistance zone around 0.1670
Dear traders, if you like this trading idea or you have an oppinion on it, we would love to hear it in the comments :)
BTC LONG 📊📊📊📊📊
✉️ Pair: BTCUSDT
📈 Direction: Long
💯 Leverage: Isolated 10x - 20x
📊 Entry: $59,800 ✅
✅ Take-Profit:
Target 1: $62,000
Target 2: $64,000
Target 3: $66,000
⛔️ Stop Loss: $56,700
🏦 Amount: 1% of capital
Analysis: Bitcoin has shown solid recovery and is currently trading above $60,000. The previous resistance has turned into support, indicating a potential for further upward movement. Given the current market conditions, a long position at $59,800 could be favorable.
Strategy: Enter at $59,800 and set take-profit levels at $62,000, $64,000, and $66,000. Place the stop loss at $56,700 to manage risk.
Risk Management: Use 1% of your capital for this trade and adjust leverage according to your risk tolerance. Monitor price movements and adjust your position as needed.
Happy trading! 🚀 AND DON`T FORGE TO BOOST US :D
Gold Daily AnalysisHello everyone here is the monday market analysis the market breaks the previous high candle and closed here we also see the CHOC now we can take a buy trade but if we go more safe so we can wait for the market to come in retest zone and from here 100% buy till out target no 1 and then for target no 2 be get ready and make it booom!!!
Gold (XAU/USD) Analysis: Bearish Sentiment TodayOverview:
Today’s market analysis indicates a bearish trend for gold (XAU/USD), suggesting that a selling opportunity might present itself. The current setup shows a strong potential for a decline, which can be capitalized on with careful planning and execution.
Sell Zone:
Sell Zone: The optimal level for initiating a sell position is at 2405. This is where we anticipate a significant resistance point, and it aligns with the bearish outlook. 🟡🔽
Target Price:
Target Price: Our primary target for this bearish trade is 2370. This level is chosen based on expected support zones and technical indicators pointing towards a potential drop. 🎯📉
Market Liquidity:
Liquidity: The current market conditions show robust liquidity on the sell side. This means there is ample opportunity to execute sell orders efficiently, enhancing the feasibility of entering and exiting trades smoothly. 💰📊
Key Points:
Bearish Trend: The overall market sentiment is negative, favoring downward movement in gold prices. 📉
Entry Point: 2405 provides a strong resistance level, making it a prime area to consider selling. 🚪
Exit Strategy: Aim for the target price of 2370 to secure profits as the price approaches this support level. 📈
Liquidity Advantage: High liquidity on the sell side ensures that trades can be executed without significant slippage or delays. 🌐
Summary:
Sell Zone: 2405
Target Price: 2370
Market Liquidity: Favorable for selling
Ensure to monitor the market closely and adjust your strategies as needed. Stay informed with real-time updates to navigate the market effectively. 🚀📊
EURJPY: Strong Trend Following Signal 🇪🇺🇯🇵
EURJPY looks bearish again after a local correctional movement.
The price started to grow within a bearish flag pattern.
Its support was broken this morning.
With a high probability, the market will return to a bearish trend soon.
We can expect a bearish movement to 156.0 level.
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SUSHI LONG📊📊📊📊📊
✉️ Pair: SUSHIUSDT
📈 Direction: Long
💯 Leverage: Cross 5X - 10X - 20X
📊 Entry 1: $0.5659
📊 Entry 2 (DCA): $0.5250
✅ Target 1: $0.7000
I recommend selling 20-30% of your position at this level.
✅ Target 2: $0.8000
Sell 20-30% of your position at this level, following the progressive exit strategy.
✅ Target 3: $0.9500
Sell 20-30% of your position at this level, considering the significant resistance.
✅ Target 4: $1.2000
Sell the remainder of your position at this level to maximize long-term gains.
⛔️ Stop Loss: $0.5090
Analysis: SUSHI is currently trading in a descending wedge and is approaching a key support level. The current price is $0.5667, and Entry 2 (DCA) is set at $0.5250 to take advantage of potential further declines.
If the price manages to break and confirm the descending resistance, it could signal a trend reversal and a bullish turnaround. The first entry is now adjusted to $0.5659, and the second entry (DCA) is set at $0.5250.
Targets are set as follows:
Target 1 ($0.7000): The first significant resistance level. Consider selling 20-30% of your position.
Target 2 ($0.8000): The next resistance level. Sell 20-30% of your position at this level.
Target 3 ($0.9500): Significant resistance. Sell 20-30% of your position at this level.
Target 4 ($1.2000): Long-term objective. Close the entire position at this level.
The stop loss is now placed at $0.5090 to limit risks in case of a drop below the major support level.
ARBUSDT LONG✉️ Pair: ARBUSDT
📈 Direction: Long
💯 Leverage: Cross 5X - 10X - 20X
📊 Entry 1: $0.6501
📊 Entry 2 (DCA): $0.5649
✅ Target 1: $0.7250
✅ Target 2: $0.7969
✅ Target 3: $0.9396
✅ Target 4: $1.1452
⛔️ Stop Loss: $0.5000
Analysis:
Arbitrum has exited the ascending channel and continues its downward trend on the daily timeframe, respecting the descending trend line and breaking the support level of $0.7350-$0.7850. This suggests a potential continued decline towards $0.5000. However, if the price manages to break and confirm a break above the dynamic resistance, it could signal a trend reversal. In this case, entry is recommended at $0.6501, with a second buying opportunity (DCA) at $0.5649.
The targets are set based on the potential recovery and trend reversal:
Target 1 at $0.7250 reflects a significant initial resistance.
Target 2 at $0.7969 and Target 3 at $0.9396 are higher resistance levels that could be reached during a positive trend.
Target 4 at $1.1452 is a more ambitious long-term goal, considering a potential complete reversal of the downward trend.
The stop loss is set at $0.5000 to limit risks in case the price continues to decline below the major support level.
NZDCAD: Bullish Sentiment Confirmed?! 🇳🇿🇨🇦
NZDCAD has a nice potential to grow after a test of a major rising trend line on a daily.
I see a clear sign of strength of the buyers on a 4H time frame with a double bottom formation
and a confirmed change of character.
I think that the pair will reach 0.82 level soon.
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NZDCHF: Time For Pullback 🇳🇿🇨🇭
NZDCHF may bounce from a key daily historic support.
After its test, the price formed a cup & handle pattern on a 4H time frame
and broke its neckline with a bullish imbalance.
I expect a bullish move to a falling trend line.
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BANDUSDT LONG ✉️ Pair: BANDUSDT
📈 Direction: Long
💯 Leverage: Cross 5X - 10X - 20X
📊 Entry 1: 1.550
📊 Entry 2 (DCA): 1.000
✅ Target 1: 2.000
✅ Target 2: 2.500
✅ Target 3: 3.000
⛔️ Stop Loss: 0.950
BAND Analysis:
Previously, #BANDUSDT has been trading within a descending channel on the 1D timeframe. #BAND has broken out of the descending channel and retested the breakout zone. This pattern is often a precursor to a bullish run. Currently, #BANDUSDT is testing a significant resistance level. A break above this could propel the price toward the upper supply zone, with a target around the strong resistance at $2.5.
If the $1.5 support fails, the next major support to watch is $1.0. This area is crucial, packed with liquidity, and could spark a bullish rally if tested.
Entry Strategy:
- Main entry: 1.550
- Additional entry (DCA): 1.000
Monitor volume and breakout confirmations closely. If #BAND breaks above the resistance level with good volume, it is likely to reach the specified resistance levels.
"Manage your risk – never trade with more than 1% of your capital on a single transaction."
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NZDCAD: Classic Trend-Line Trade 🇳🇿🇨🇦
NZDCAD tested a major rising trend line on a daily.
After its test, the price formed a narrow range on an hourly time frame.
The resistance of the range was broken.
It is an important sign of strength of the buyers.
I bought the pair with 0.8156 target
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AUDJPY: Time For Pullback
AUDJPY may bounce from a key daily structure support.
After its false violation, the price formed a double bottom pattern
on an hourly time frame and broke its neckline.
Looks like the market is too oversold and it may bounce to 101.35 resistance.
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