XAUUSDI wanna explain this position
First We have retest on the key level 4h
Explain position
If We switch timefrrime to 45min
First candle close under resistance as we can see
Second candle also close under resistance
We expect now some thing come in next minutes
Like we see what happen after close two candles
I explain how I read the price action between multi timefrime
Im not focus for one timefrime
So I advise all my followers
To be focus on the multi time frime
It's amazing to be read the chart
one thing last
I wanna expain every position I take
Good work for everyone
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Have good trade with good profits
Thank you
Futurestrading
woo usdt perpetual Hello fellow traders
Greetings from team Trading The Tides
lets talk about Woo which we been trading for the last 3 days and made around 30% in profits .
today as the FOMC is really close and there many crucial Data down the line .
First of all specifically today I don't see much buying in WOO , secondly Woo is creating more and more resistance to the upside , which make me think not to trade woo until it goes back to support and on atleast 15 min time frame creates a wick which in other sense gives idea about institution getting in to take the prices higher , so I will wait till then .
My second opinion about woo is to break the lows of the symmetrical triangle on 4h , 1h
and then we can plan a short trade again on the basis of breakdown structure with proper risk n reward .
I don't take more than 2% SL so if the trade goes opposite , I will accept the SL and look out for other opportunities .
Note :
I am just a technical , fundamental analyst and day trader .
Any info given is not a financial advice , i am only posting what i think is right , feel free to guide if u think i am wrong plz .
Thanks .
ES with a healthy pullbackES made a beautiful "failed breakdown" and squeezed the shorts for a huge run up to 4200. The purple main channel is now acting as resistance, along with 4200. If we can hold 4165 and base, I think the next 4200 test could see a breakout. Whether we hold or not, no one knows. But this is exciting!
I will try longs around 4165.
xauusd Gold buy setup possible hello traders gold has shifted the tide there is a buy pressure may be a new high on gold because what is going on the fiat currency also the daily the weekly also the monthly suggests bullish condition we have a flag pattern but it can easily be a triangle but now i see this lets see how it play out always wait the candle to close after the breakout ,
ES Sunday Trend Analysis We are still ranging in this orange downtrend channel but still within the larger purple channel. We broke out of the uptrend that price was following since March, so where we go from here is yet determined. If the purple channel is broken to the downside, I believe we'll see some selling pressure, if we hold, I believe we can work our way above 4200.
Price has been holding 4145-4150 since Friday the 14th and price has tested it multiple times since then, making it weaker each time we tough. If 4140 fails and we close blow, 4128-4122 is my target.
I wouldn't be interested in any longs on a bounce, as the risk to reward isn't there while we are still within the orange downtrading channel. I would try longs off of 4122-4128 bounces and I would try shorts off of 4150.
ES Trend Analysis UpdateIt is clear on one thing. ES is basing for either a large move up, or down. Which direction? Who knows. We just have to react when it does.
You can see ES is still within this purple main channel but riding the orange trend down. We have already broken out of the main uptrend (white), which usually indicates price would like to retest the highs or make a new high. If ES retests the main purple channel's support around the time it touches the orange downtrend's support at ~4126, ES could see another dip buy with strong momentum. Strong momentum buys or sells usually can be seen when two trend correlate with each other.
On the other hand, if we fail 4126, we can probably see 4100-4080.
ES Overnight Breakdown Continuation?Will ES continue to break down the main channel support? If we do not hold 4150, I believe we will see a much needed cool off and a main channel retest around ~4120.
I played a short overnight for 20 points for a measured move of yesterdays leg. I believe we will see a small bounce to retest the uptrend, then see continuation down to the main channel as we have lost a bit of steam.
XAUUSDThe price retest at the trendline
And resistance
If we look 4h timefrime we will see strong sell candle
High probablity to move downtrend to next support
If you day trader I recommandation to switsh
Timefrime to 15min or 30 min
And look for some confirmation to sell gold
Don't forget keep you trading simple
For more details contact me
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ES Measured Move and Running out of Steam?I do believe it's time for a slight cool off for the ES. The swings are getting smaller and we are getting tighter. Currently in a fairly large channel (main channel) but currently still in an uptrend as well. With the swings getting smaller, we will either break to the upside for a push above 4200, or break down for a cool off period back to around 4130-4100.
We have also completed two legs up for a measured move. Looking like it's time for some correction.
I am currently short at the 77's with profit targets of 65 (targeting the uptrend support) and 50 (targeting a breakdown of the uptrend and a third retest of ~50.
XAUUSDThe price close above strong area and we have head and shoulders inverse
High probability to keep rise to next level resistance
As I said in last idea XAUUSD
I explain if broke neckline
We will waiting retest on the area yellow
And we look for strong confirmation to buying gold
For more details contact me
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I'm bullish 👀It could be a trap lol but so far, there's a BTC weekly bullish divergence that give me more confidence in going long specially after I see XRP having trouble to break down the channel. You can even see a bit of my scalping trade in lower timeframes but to catch the big move you've got to wait a breakout then a re-test to confirm before entering the trade up! Could be a small correction certainly before going down or a bulltrap so beware!!
BNB Special Situation! We can see there's a triangle pattern here but still we've got no clear direction with strong momentum where this could potentially go! So we have 2 scenarios. Whichever plays out, I'm still expecting a strong move up hopefully! But could take a couple waves down or a strong down move into market structure before we see the shift in trend.