LONG
Euro can make retest of support line and then continue move upHello traders, I want share with you my opinion about Euro. Observing the chart, we can see how the price some days ago started to decline inside the range, where it in a short time fell to the resistance level, which coincided with the seller zone with the bottom part of the range. Next, the price turned around and quickly rose to the top part of the range, making a first gap, after which turned around and made impulse down, thereby exiting from the range and breaking the 1.0760 level. Then the price tried to back up, but it made a fake breakout of 1.0760 level and then continued to fall inside the downward pennant. Later, the Euro fell to the support level, which coincided with the buyer zone and broke it too, after which declined to support line of the pennant. Then the price made an upward impulse, thereby making a second gap, after which broke the 1.0480 level one more time and continued to move up. Some time later Euro reached the resistance line of the pennant, after which made a correction to the support level, but a not long time ago it rebounded up, thereby exiting from the pennant pattern. Now I think that the Euro can make a retest, after exiting from the pennant and then continue to move up. For this reason, I set my TP at 1.0680 points. Please share this idea with your friends and click Boost 🚀
GOLD - Price can exit from pennant and then bounce upHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
A few moments ago price entered to falling channel, where soon broke $2720 level and then fell to support line.
After this, price rose to resistance line and then continued to fall, until it broke $2610 level and fell to $2536 points.
Then price turned around and started to grow in pennant, exiting from falling channel and soon breaking $2610 level.
Later Gold rose to resistance level, which coincided with resistance line of pennant, which bounced down.
Next, price was corrected to support level and some time traded near, and at the moment, XAU trades close support line.
In my mind, price can leave pennant and then bounce up to $2720 resistance level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
HelenP. I Gold will exit from pennant and rise to $2705 levelHi folks today I'm prepared for you Gold analytics. In this chart, we can see how the price declined firstly to the 2705 resistance level, which coincided with the resistance zone and soon broke this level. After this, XAU tried to back up, but when it entered to resistance zone, the price continued to decline and later fell to the 2620 support level, which coincided with the support zone. Gold broke this level too, made a retest, and dropped to the trend line. Then the price started to grow inside the pennant, where it in a short time rose to the 2620 support level and broke it again. Next, the price made a retest and continued to grow until to resistance zone. When Gold reached this area, the price made a fake breakout of the resistance level and then dropped back to the support level. After this, the price some time traded near this level and later tried to grow, but soon fell to the trend line. At the moment price continues to trades near this line inside the pennant. That's why I expect that XAUUSD will start to grow to a resistance level, thereby exiting from the pennant pattern. For this case, my goal is the 2705 level. If you like my analytics you may support me with your like/comment ❤️
AUDUSD - Long-Term Long!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈AUDUSD has been overall bullish, trading inside the rising flat channel in blue.
Moreover, it is rejecting a strong support in green.
🏹 The highlighted blue circle is a strong area to look for buy setups as it is the intersection of the support zone and lower trendline acting as a non-horizontal support.
📚 As per my trading style:
As #AUDUSD is around the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
EURGBP What Next? BUY!
My dear friends,
Please, find my technical outlook for EURGBP below:
The instrument tests an important psychological level 0.8276
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 0.8316
Recommended Stop Loss - 0.8251
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
AUDCHF What Next? BUY!
My dear subscribers,
This is my opinion on the AUDCHF next move:
The instrument tests an important psychological level 0.5683
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 0.5722
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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WISH YOU ALL LUCK
BITCOIN Will Grow! Buy!
Take a look at our analysis for BITCOIN.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 102,484.66.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 106,861.35 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
Like and subscribe and comment my ideas if you enjoy them!
EURUSD Will Go Higher From Support! Long!
Please, check our technical outlook for EURUSD.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 1.052.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 1.068 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
Like and subscribe and comment my ideas if you enjoy them!
EURGBP Will Go Up From Support! Buy!
Here is our detailed technical review for EURGBP.
Time Frame: 4h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 0.827.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 0.830 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
Like and subscribe and comment my ideas if you enjoy them!
BTC USD UpdateAs a trader, it's really hard to keep up with this mega asset. We saw extreme buying orders coming in last night. We had swing trade runners targeting 100K for a few months now, but all of them got stopped out overnight while I was asleep. I'm now out of my trades, and the price is still climbing. Overall, it's been crazy profitable, but we need to acknowledge that it will eventually outperform us all. So, I'm thinking of calling it a year with this extra nice ending. But trading is a tricky game, and I'll still be looking at the charts every day. So, what's the point of quitting? Let's see how it performs and if it gives us good entry points.
FTM LongFantom Confirmation Low at support with bullish divergence, backtest of the 200 ma and in a longer term uptrend. Good RR for the first target and following ones. SL can be placed below support if you wanted it looser
USDJPY Breakout And Potential RetraceHey Traders, in today's trading session we are monitoring USDJPY for a buying opportunity around 149.300 zone, USDJPY was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 149.300 support.
Trade safe, Joe.
EURNZD Trading Opportunity! BUY!
My dear friends,
Please, find my technical outlook for EURNZD below:
The price is coiling around a solid key level - 1.7840
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 1.7895
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
EURCHF Sellers In Panic! BUY!
My dear followers,
This is my opinion on the EURCHF next move:
The asset is approaching an important pivot point 0.9297
Bias - Bullish
Technical Indicators: Supper Trend generates a clea rlong signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 0.9316
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK
3 Small Cap Crypto to watch... Part 2Since you enjoyed my previous post about 3 Small Cap Crypto to watch...
Here's another interesting one about small market cap altcoins:
BINANCE:RAREUSDT
RARE broke the structure and $0.15 round number. As it retests the structure, I will be looking for trend-following longs and target the $0.25 round number.
BYBIT:AEVOUSDT
AEVO broke the structure and $0.5 round number. As it retests the structure, I will be looking for trend-following longs and target the $0.18 mark.
KUCOIN:TIAUSDT
TIA broke the structure and $7 round number. As it retests the structure, I will be looking for trend-following longs and target the $15 round number.
Which altcoins would you like me to cover next?
All Strategies Are Good; If Managed Properly!
~Rich
US30 Will Go Higher! Long!
Take a look at our analysis for US30.
Time Frame: 6h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 44,904.9.
The above observations make me that the market will inevitably achieve 45,324.9 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
Like and subscribe and comment my ideas if you enjoy them!