XAUUSD - Price Action - Today's Key Zones - NY SessionToday's potential trades for #XAUUSD
📈Potential Buys on close above 1879.555
📉Potential Sells on close below 1869.500
Both buys and sells are looking good today, if we can break out of this current zone.
For buys, price hasn't broke above this resistance since May 2022! If we get a break above and enough volume we have a very clean area for the price to run bullish up until around 1890.240, for around 80pips.
For sells, as you can see on the chart we have a nice clean area to the left where price can give us a bearish run, especially if we can get a clean closure and some volume below 1860,660.
Happy trading all and good luck!
Keyzones
CAD/CHFAt the moment, Canadian Dollar/Swiss Franc forming a nice bullish rising wedge and could to make an interesting movement that we could to find up long position in the smart zone to bought.
As I'm shorting CAD/CHF and I'm in profit with over 30 pips. This analysis look very interesting to have a trade plan.
i hope that this idea support you!!!
In Daily timeframe, we could to see an interesting chart to look because the candlestick still in this downtrend, and we could to see that price could to move to $0.7380 CHF (Daily strong support) that I show you here.
I'm shorting CAD/CHF what I made a comment in my past analysis CAD/CHF to short on Tuesday, what I expect to down, then up as I expect and now the price was in the weak, but now, I'm in profit in CAD/CHF.
GBP/CAD: Sterling Pound in the bought zoneGreat Britain Pound/Canadian Dollar it's in the bought zone and I see a long position to entry.
This it's the H4 and I identify that GBP/CAD it's in the key support zone that I watch now. The EMA 200 work as support in the price action.
I put a buy order limit to $1.5860 CAD and Stop Loss to $1.5808 CAD and target to $1.6022 CAD
Good luck!!!
EUR/GBP: Zone of TrapEuro/Great Britain Pound made this break-out of this consolidation But for who entry around 0.8580 GBP, you're target could be 0.8630 GBP, because you will need to pay attention in 2 point to watch in this possible market trap and entry in the possible short in this par against what they're boughts in the moment, but a lot carefully trade EUR/GBP.
We're in this bullish channel, but you will need to pay attention in H1 timeframe what I look. And maybe we could to expect a bearish movement incoming
I hope that this idea support you
I will keep update this par until get conformation to short EUR/GBP
Keep update!!!
USD/CAD: The price could to become bearish in this sideU.S. Dollar/Canadian Dollar look with a bearish perspective that I analyzed today and I see that some negative news has become a critic point about the unchanged interest rate.
To be very analytical,
In H4 timeframe, the price could to move to the key yellow zone, and also I draw a gray zone like confluence to watch in these points that the price could to change. The MACD still in the sell point.
And now, analyzing the H2 timeframe, it's look bearish in that point based in the price action. But beware what you draw, the gray zone in the H4 timeframe around $1.2981 CAD it's a weak support, but the key support it's around $1.2872 CAD. For that, I hope a bearish movement in USD/CAD
As I analyzing in H2 timeframe. I put a sell now and Stop Loss to $1.3023 CAD (41 pips) and target to $1.2872 CAD (111 pips)
I hope that this analysis support you!!!
CHFJPY ReversalAnalysis done on the daily timeframe. If you follow me you may remember i posted a chart predicting the CJ short. FOMC was the main factor behind this move as i didn't expect it to go down as much as it did, but now is a great opportunity to look for buys.
As you can see, i have a trendline drawn. Price has respected it each time it's come down. I also have some key support and resistance levels identified, as well as supply and demand zones. Price has bounced up from the middle zone already and it will probably keep retracing for a bit before coming back down. I'm personally looking to buy somewhere from the bottom pink zone, but it depends how long it takes for price to go down there - I may look to buy from 118.080 instead.
I'm going to wait before i start entering anything.
Updates to follow, follow me to see them.
looking for buys this is my analysis looking for buys i am already in a buy but i want 58 to break so i can get a clear run to 63 which is next key area , best buys come in after 73 74 you can a clean run towards 90s..
i draw my fib from bottom key zone to top key zone goldern zone fits in perfectly with key rejections , gold is in range for now but should break soon ... will do a sells analysis later
NEO continue up!!! Be patient!!!I add a message that when I see in my Quantfury App, this position don't touch the SL for 0.09 cents of distance. Jaja, that it's crazy!!!
But so, we have that NEO make a rejection so fastest!!!
But, looking in the chart of 3 Daily, we see that NEO have potential to continue up in the next days. For that reason, I continue in this position.
In Daily, we see that NEO continue up and maybe I will need how NEO closed today!!!
Possible Scenario to bought Ethereum!!! Check Out!!!I'm so happy that my prediction of the shorting Ethereum approximately at $580 USD was correct, but this red circle was a Stop Loss hunters and they touch my SL, but whatever, I'm not give up and I was corect position.
Now, as updated, I mentioned yesterday when Ethereum reach down the $580 USD this zone are a possible bought becuase that was a little correction. So, we see a good long posiiton right now for Ethereum in intraday trader.
Now, I want to share you the H4 timeframe and what I expect. So, remember, right now we can't to shorting Ethereum until the H1 show me a trying to break up this posible strong resistance. But, I believe that Ethereum it's continue up. So guys, this is my own plan to bought Ethereum above of $580 USD or maybe in the second bought at $520 USD toward the achieved the objective of $700 USD.
Now, looking in Daily timeframe. Ethereum it's into this Elliot Wave and we form the correction #4 to then continue to the next movement toward the $700 USD to form the impulse #5.
So guys, good luck in this long postiion.
In sumarry, I hope a possible entry in H1 timefrme in the next minutes to hour to look if Ethereum make a rejection that bulls are defending the $580 USD.
Great Opportunity to short Ethereum!!! Price Action Strategy!!Hello, in this little updated, Ethereum need to make a descense of the price toward the $580 USD to then, continue bought in the $580 USD. That it's a great opportunity to shorting Ethereum find down 5% of the bearish movement.
Notice that ETH make a higher price and need a descense of the price. So guys, I put a sell order limit at $610 USD with a SL at $630 USD and obviously my target it's $580 USD
Pending level to bought Bitcoin!!!Bitcoin show in H4 timeframe a strenghten of the trend in H4. So, we can to find up a good point to make a long postiion at $17,800 USD. Now, my target profit will be $19,100 USD and my SL it's $17,450 USD
So, I wil going to invest 0.04 BTC when Bitcoin reach down in my key zone to bought and a confirmation of the price action!!!
I will going to udpate this as NEO too!!!
Good luck in this position.
Bitcoin into this bearish flag; How to trade this charist?So, in this analysis, we see in H4 that Bitcoin it's still in range, but maybe we could see any manipulation zone that we can't to entry in short position. Beware of the market trap and hunters manipulation if you short Bitcoin, until Bitcoin doesn't break down the $17,900 USD, I can't to shorting Bitcoin, but in that case if Bitcoin make successful to break down the $17,900 USD. We can to trade it. At the moment, the market is lateral, and to trade it, we would need to know how the manipulation occur.
So, the most important it's to take any plan to be prepared, so, I following the trend on Bitcoin and it's bullish. So, in case that Bitcoin break up the $19,500 USD approximately, we can to entry in long position in that position.
So, the most inteligent it's to awaiting that Bitcoin goes to the $17,900 USD to open up a long position or still consolidate in this range!!!
Euraud short idea I am keeping a close watch on the 1.82550 level on Euraud if i isn’t able to break beyond that level we will see a nice push to the downside I am keeping a close watch on this pair which can give a good Risk to reward position for a short 1.75550 will be a good area to eye for take profits. Let’s sit on the sidelines and watch this pair close this week