XAUUSD Short Opportunity: Bearish Momentum AheadGold (XAUUSD) has recently shown signs of a potential downturn. After reaching a significant resistance level, we are seeing bearish patterns indicating a possible shorting opportunity.
With the current market setup, a short position on XAUUSD appears promising. However, it's crucial to stay updated with market news and economic indicators that could affect gold prices.
FTR
XAUUSD BUY & SELL Scenario Hello Friends,
Another Gold analysis , So market is currently at 2065, our immediate supply level is 2068 which market has already reacted to. Should price go up then area around 78-81 would be good for a sell and also area around 84-88.
In case dollar strengthen we should expect a drop to around 55 and 45
So as always make sure you have these levels around for a trade but add your own logic and intuition into it.
Be honorable.
XAUUSD LONG AND SHORT SETUPHi Guys,
I'm going to update my analysis on gold. Yesterday after touching our demand level at 1964 price rallied up more than 200 PIPS which was absolutely amazing. Now today I'm back with new setups.
Area 1979 - 1977 is an fresh area which has not been touched yet so price could react to it and give us a good trade. If price passes through that next area would be 1974-1971 which has been tested once yesterday and has already proven itself.
if rallying up continues resistance level 2001 is gonna be the first level to monitor and following that we have 2010 -2022 as a H4 time frame supply level.
So currently, best course of action is to wait and see how price responds to our intended areas of supply and demand. I also will keep you updated of my thoughts on this analysis.
Be honorable
A BUY OPPORTUNITY ON USDCHFA demand area was formed prior to breaking the last supply area. I've selected the base candle right on the lower edge of demand zone as an area to buy.
* But bear in mind later today we have highly important news hitting dollar market which makes our analysis subject to the news *
An Example of QMYou've all noticed that I use RTM patterns extensively in my daily trades. Here is another example of QM.
As always we have a perfect setup which was confirmed by breaking the last high with a good momentum candle. Upon retracing back to the QML, market bounces off and goes all the way back to hidden FTR. Should there be enough buyers price could continue further up to the 87.80 level which happens to be a supply zone.
But there is a important thing here, make sure you check out the news because in couple hours major news will hit the NZD and this whole analysis could go other way around.
Stay Tuned for further Education and analysis
gbpaud short positionthere is a confirmed FTR here with a mouth FL, as the price reaction to mouth-FLs have surprised me lately, I believe this setup would be great to take a R:R=3
⚠️ Notice:
I will enter one third of my position when price touch the box and the rest of it in the middle of the box. My TP would be R/R=3 and 5.
Please trade with your own money management methodology and be aware that trading has its own risks and rewards.
Good luck ❤️
BTC/USDT Weekly Timeframe Analysis
Hi Dears
Today let's analyze the bitcoin chart by RTM Method and in the weekly timeframe .
If you look carefully to this chart, you can see the resistance level (SR Line) at around 28800 that the price pulled back to it twice (Jan 2021 and June 2021) . This level was broken on 9 May 2022 and the price failed to return to its uptrend so the bear FTR strategy is made. The green Pin bar that is closed on 30 May is our FTR Zone that the price has not pulled back to it yet. This zone is the range between 29200 to 32200 dollar. The price is reaching to that zone so we expect a bearish reaction when it reached. This is a key level for making short position.
Also we have another SR LINE at the level of the 25100 that the price engulfed it on 13 Feb 2023 and it made a bullish FTR on the zone between 19600 to 21200. This is a key level for making long positions.
Don't forget to take a trigger when the price reached to that zone and then TRADE it. you shouldn't do anything without trigger.
Sincerely
Hosein Poursaei
XAU/USD We are reaching the Bullish FTR zone in weekly timeframHi guys
In this post, I will analyze the XAU/USD chart by RTM method in the weekly timeframe. I suggest you learn this method which was developed by If Myante and his friends and is famous for its accuracy and high risk-reward ratio.
If we look carefully at the chart of the Gold, we could see the evident Bullish FTR (failure to return) between the range of 1770 to 1800.
First of all, the price had a resistance surface in 1807 but we can see that this surface engulfed later (ENG point). After that, the price failed to return to its bearish downtrend and the price jumped to around 1960. so if the price makes a pullback to that FTR Surface, we could see a bullish reaction.
Also, we could see the Caps on price which was shown by a red border. Caps on price structure are usually RBR (RALLY BASE RALLY) or DBD (DROP BASE DROP) structures which in the second phase we could see a base an FTR or its better to say FL (flag limit). When the price reaches this surface, we expect a bearish reaction.
So we expect a bullish reaction from the range of 1770 to 1800 with the first target of 1860 and 1950 but we have to see the trigger in the lower timeframe in order to trade when the price reached to the selected zone.
Don't forget to check the fundamental reasons.
Sincerely
Hosein Poursaei
SHORT FTRThis scenario is likely going to play out on FTRUSDT
FTR is showing a week buying strength, after a double rejection candle stick on 15minutes TF.
Also Backing up this call with the after effect of FOMC pump that follows with a dump.
If you're looking for a shorting opportunity, consider taking entry from the top of the first two white horizontal lines, above it, consider a tight SL.
NZDUSDIn this market, I see 2 suitable positions to enter, which I have explained in the chart.
It is better to wait for a suitable entry trigger in the lower time frame (H4 / H1) in the ranges I have specified for entry, then enter the position.
Of course, there is no certainty in any analysis and these signs help us to increase the winning percentage of our transactions.
FTR Setup - LongWhat is FTR?
FTR in forex refers to fail to return. An important price action term used to do technical analysis of currency pairs in forex.
Simply by its mean, price broke an important level but failed to return from that level. It is called FTR (fail to return).
In the picture, I tried to explain this important trading setup simply and completely.
GBPUSD H4, SHORTThis is my first published chart. I want to embrace my learning journey with forex. No more afraid to read the market as simply as possible.
My strategy is to look for Engulf at high TF like H4 or Daily, even weekly. Then find the FTR (Failed to return), and in lower TF M15, I place my order.
Place the SL accordingly.
Let's enjoy this GU trip to the south.
3800% growth for the #FET...Hello guys...
as you can see on chart, #fetusdt formed a sloping double top and target of this pattern is as high as height of head that mean price should touch $0.0315
on the other hand, on $0.03 area is on QML and lq bar that make this area super strength for starting bullish trend until $1.15.
it is excellent position
entry:0.0315
target: 1.15
always do your own research.
If you have any questions, you can write it in comments below, and I will answer them.
And please don't forget to support this idea with your like and comment.
doge...long-term analysis...4 reasons for long positionhello guys...
I have prepared for you a multi-time frame analysis of the Dogecoin.
As you can see in the chart, this cryptocurrency is in the 1-descending channel and the upper line of this channel has been touched many times and strengthens the possibility of an upward break.
Also, there is a 2-kink between the two spike movements, which can be seen as a gray rectangle.
Also, these two ranges form a triangular range(showed as green color) with the long-term 3-trend line, which is very suitable for buying and holding positions.
On the other hand, this triangle is located in the 4-Fibo 1.6 area.
always do your own research.
If you have any questions, you can write it in comments below, and I will answer them.
And please don't forget to support this idea with your like and comment.
BTC short term analyze...rangeshello guys
Bitcoin is in a range and has hit more than 3 times both from the top and from the bottom, so there is a possibility of breaking this range.
On the other hand, in the lower time frame, it forms a smaller range, which is smaller than the previous range and is in the lower range of the larger range. It strengthens the possibility of failure from below.
I suggest you to wait for failure and do not enter the trade early
always do your own research.
If you have any questions, you can write it in comments below, and I will answer them.
And please don't forget to support this idea with your like and comment.
multi-timeframe analysis for AMZNHello guys
As you see in chart, it formed a QM structure on a flip of monthly time frame, after confirming that structure started bullish movement and in way make a island pattern because of two sides gap. The last gap doesn’t fill so if we get short position, we can put target below that gap(target=$125.41).
Price formed a three-drive pattern and with RSI divergence confirmed this pattern, three drive is a great approach.
always do your own research.
If you have any questions, you can write it in comments below, and I will answer them.
And please don't forget to support this idea with your like and comment.
BE PROFITABLE