Longsetup
RELIANCEHi guys,
In this chart i Found a Demand Zone in RELIANCE CHART for Positional entry,
Observed these Levels based on price action and Demand & Supply.
*Don't Take any trades based on this Picture.
... because this chart is for educational purpose only not for Buy or Sell Recommendation..
Thank you
GOLD--> Testing $2700: What Awaits with Upcoming PPI?OANDA:XAUUSD at the time of writing, prices are fluctuating around $2706, down 0.42% for the day, with not enough momentum to break the $2711 level.
Meanwhile, buyers seem to have paused as the market prepares for the upcoming Producer Price Index (PPI) on Thursday. This report is expected to shed more light on the Federal Reserve’s rate-cut trajectory, keeping investors cautious.
While prices are currently hovering around a minor pullback, some fundamental factors suggest that any drop may only be short-lived. Treasury yields have steadily declined throughout the year, a trend that typically supports gold. Moreover, persistent geopolitical tensions remain a strong driver for safe-haven demand, reinforcing the allure of the yellow metal.
On inflation, while consumer prices have stopped rising aggressively, they remain stable. This stability makes it almost certain that the Federal Reserve will proceed with a 25 basis-point rate cut at its December 17-18 policy meeting. In fact, traders are pricing in a 96% probability of this move, up from 86% before the recent inflation report.
From a technical perspective, gold is attempting to escape its main range, breaking key resistance. The focus is on $2700 and $2670. If buyers hold their ground in this region even after the news, prices will continue to grow in the future, as key liquidity zones remain untested. This projected growth is expected to reach levels such as $2758 and $2790.
Always stay ahead of the market with Bentradegold—your trusted source for analysis and deep insights!
GOLD → Wedge has formed. What next?OANDA:XAUUSD consolidation has been completed as investors rush to take profits after the precious metal’s consecutive price increases, reaching the highest level in more than 5 weeks earlier in the session. Prices are currently testing the gap around 2683 - 2670 (FVG). What’s next?
Focusing on policy guidance related to the future of U.S. policies is crucial to determining the certainty of the market's next bullish wave. According to the CME FedWatch tool, there is a 98% probability that the Federal Reserve will cut interest rates at next week's policy meeting. Alex Ebkarian, CEO of Allegiance Gold, notes that the Fed is in a very difficult position as the likelihood of a rate cut next week increases, but inflation remains elevated.
From a technical perspective, gold is attempting to escape the battlefield, crossing a key resistance level. A breakout at 2687 has already been established. In theory, the development tends to push prices higher. If gold breaks out of the resistance size, it will provide distribution momentum. Conversely, prices may consolidate further. Ultimately, everything depends on the dollar.
Best regards,
Bentradegold !
TradeCityPro | EURAUD Analysis Buyers in Control👋 Welcome to TradeCityPro Channel!
Let’s step outside the crypto space to analyze the EURAUD entry triggers for the coming week, examining both technical and fundamental aspects.
🌍 Fundamental Overview
The EURAUD pair highlights the ongoing divergence between the Eurozone and Australian economic conditions. The ECB’s hawkish stance, supported by persistent inflation, strengthens the Euro, while the RBA’s dovish policies amid cooling inflation and a softening housing market weigh on the Australian Dollar.
Additionally, Australia’s dependence on Chinese demand for commodities has created vulnerabilities due to China’s weaker-than-expected industrial growth.
Geopolitical tensions, such as the Middle East conflicts, have supported the Euro, reinforcing its stability as a safe-haven currency. In contrast, Australia’s economic slowdown and labor market weakness are adding pressure on the AUD.
The balance may shift as Europe's energy prices stabilize and China introduces economic stimulus measures.
🕒 4-Hour Time Frame
On the 4-hour chart, buyer momentum is evident, particularly as the pair rebounded strongly from the 1.63584 support level after rejecting the 1.65469 resistance twice. This renewed bullish strength signals active buyers in the market.
📈 Long Position Trigger
The 1.65469 level remains a strong trigger for a long position. Breaking above this resistance with volume could target the 1.684 zone, supported by RSI confirmation at 69.96.
📉 Short Position Trigger
Despite the bullish momentum, a failed breakout or lower high near resistance could set up a short opportunity. A more reliable entry would be a breakdown of the 1.6358 support and trendline, targeting the 1.6016 level for a pullback.
The pair’s trajectory will likely depend on macroeconomic developments and shifting risk sentiment in the week ahead.
📝 Final Thoughts
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
Long Signal on MORPHOUSDT/Making profit Together /2X-3X LeverageOKX:MORPHOUSDT
📈Which side you pick?
Bull or Bear
Low-risk status: 3x-4x Leverage
Mid-risk status: 5x-8x Leverage
(For beginners, I suggest low risk status)
👾Note: The setup is active but expect the uncertain phase as well. also movement lines drawn to predict future price reactions are relative and approximate.
➡️Entry Area:
Yellow zone: 2.44-2.57
⚡️TP:
2.70
2.84
3.03
🔴SL:
2.31
🧐The Alternate scenario:
If the price stabilizes against the direction of the position, below or above the trigger zone, the setup will be canceled.
IO / USDT : A potential rebound from Trendline support IO/USDT: A Potential Rebound from Trendline Support
IO/USDT is currently testing a crucial trendline support level, signaling a potential bullish reversal 📈. After a recent decline, the price has found support at this key level, indicating a potential bottoming-out phase. A successful bounce from this support could lead to a renewed uptrend towards the next resistance level.
Key Insights:
* Trendline Support: The current trendline support level has historically acted as a strong buying zone. A bounce from this level could signal a bullish reversal.
* Price Action: Watch for a decisive move above the recent swing high to confirm a bullish breakout.
* Momentum Indicators: Monitor momentum indicators like RSI and MACD for bullish divergences or positive crossovers, indicating a potential shift in market sentiment.
Potential Strategies:
* Buy Dip: If the price retraces to the trendline support, consider buying on the dip, targeting the next resistance level.
* Stop-Loss: Place a stop-loss order below the recent swing low to protect your position from downside risk.
* Take-Profit: Set a take-profit target at the next resistance level or a predetermined profit goal.
Remember: This analysis is for informational purposes only and should not be taken as financial advice. Always conduct your own research and consult with a financial advisor before making investment decisions.
EURUSD: Possible Breakout of Downtrend Line?On the 1-hour chart for EUR/USD, the price is currently testing a descending trendline that has served as dynamic resistance over the past few days. After bouncing off a support level around 1.0453, the pair displays signs of strength and is nearing a crucial decision-making zone. The horizontal resistance at 1.0490 aligns with the trendline, and breaking through this area could signal a potential short-term bullish reversal.
A potential buying opportunity may arise if EUR/USD successfully breaks above the downtrend line and subsequently retests the broken level, which could act as support.
Expected Pattern : Breakout followed by Pullback.
Buy Scenario :
Confirmation: A breakout above 1.0490 with a strong close, followed by a pullback to retest this level as support.
Entry Point: During the pullback, near the 1.0490 area (previous resistance potentially turning into support).
Stop Loss: Set below 1.0475 to protect against false breakouts.
Primary Target (TP1): 1.0560, a horizontal resistance (approximately 70 pips gain).
Secondary Target (TP2): 1.0600, a psychological level and key resistance (approximately 110 pips gain).
Alternative Scenario: Bearish Continuation
If the price fails to surpass the 1.0490 resistance and drops below 1.0475, a retest of the support at 1.0450 is probable.
Possible Sell : Close below 1.0453, targeting 1.0430 or lower.
In Summary
The primary scenario indicates a bullish outlook if EUR/USD breaks and holds above 1.0490, with potential targets at 1.0560 and 1.0600. However, traders should keep an eye on price behavior at the resistance level, as a rejection may trigger renewed selling pressure.
Disclaimer:
74% of retail investor accounts lose money when trading CFDs with this provider. Consider whether you understand how CFDs work and if you can afford the high risk of losing your money. Past performance is not indicative of future results. Investment values may fluctuate, and you may not recover your initial investment. This content is not intended for residents of the UK.
Distribution Patter for the last few months in Nvidia!Selling started at the top and the price has stayed in range, making multiple attempts for break out.
GREEN TRAPZONE - clear uptrend confirmed with Angle 6 in place now.
RED UMVD - Distribution, i.e. Profit selling.
Most likely a spike above the range as this would be the 3rd attempt, before falling back towards the GREEN TrapZone. Hopefully GREEN UMVD will show up for the strength.
AVGO LOOKING BULLISH DEC 12 2024AVGO is looking very good to go long at cmp. If you do understand the risk then you can go ahead and trade. If you don't understand the risk of a breakout then you should stay out of it.
Do not trade options at all
I am long here at current price and expectation is a green candle.
AUCTION ANALYSIS📊 #AUCTION Analysis
✅There is a formation of Falling Wedge Pattern on daily chart with a good breakout and currently retesting the major resistance zone🧐
Pattern signals potential bullish movement incoming after a breakout of major resistance zone
👀Current Price: $18.85
🚀 Target Price: $29.90
⚡️What to do ?
👀Keep an eye on #AUCTION price action and volume. We can trade according to the chart and make some profits⚡️⚡️
#AUCTION #Cryptocurrency #TechnicalAnalysis #DYOR
TradeCityPro EURJPY Analysis Key Opportunities Ahead👋 Welcome to TradeCityPro Channel!
Let’s move beyond crypto and analyze the popular EUR/JPY currency pair from both fundamental and technical perspectives, preparing for potential triggers in the days ahead.
🌍 Fundamental Overview
Monetary Policy: The ECB’s hawkish stance strengthens the Euro, while the BoJ’s dovish policies weaken the Yen.
Economic Data: Eurozone GDP and inflation drive the Euro, while Japan's industrial performance and exports influence the Yen.
Risk Sentiment: The Yen gains during risk-off scenarios as a safe haven, while the Euro thrives on Eurozone stability.
Geopolitical Events: The Euro reacts to EU political shifts, while the Yen benefits from global tensions, such as those in the Middle East.
Yield Differentials: Higher bond yields in the Eurozone compared to Japan attract capital flows to the Euro.
Current dynamics show the Euro is stronger, but shifts in risk sentiment or changes in BoJ policy could favor the Yen.
🕒 4-Hour Time Frame
On the 4-hour timeframe, we’ve seen price rejection from the 166.63 resistance level, followed by a downward move. After breaking the descending trendline, the price retraced to the 50% Fibonacci level, creating potential setups:
📈 Long Position Trigger
After breaking the 159.849 level and Fibonacci resistance, a long entry is viable, targeting 162.104. An RSI breakout into overbought territory could add momentum.
📉 Short Position Trigger
If rejected at resistance and breaking below 159.331, a short position is possible, targeting 157.80 or the significant support at 155.119.
Stay alert for confirmations to act on these scenarios.
📝 Final Thoughts
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
BNB Long Setup / Use at least 2x-3x leverageBINANCE:BNBUSDT
CRYPTO:BNBUSD
📈Which side you pick?
Bull or Bear
Low-risk status: 3x-4x Leverage
Mid-risk status: 5x-8x Leverage
(For beginners, I suggest low risk status)
👾Note: The setup is active but expect the uncertain phase as well. also movement lines drawn to predict future price reactions are relative and approximate.
➡️Entry Area:
Yellow zone 655-680
⚡️TP:
714
754
🔴SL:
617
🧐The Alternate scenario:
If the price stabilizes against the direction of the position, below or above the trigger zone, the setup will be canceled.
fil filusdt midterm long"🌟 Welcome to Golden Candle! 🌟
We're a team of 📈 passionate traders 📉 who love sharing our 🔍 technical analysis insights 🔎 with the TradingView community. 🌎
Our goal is to provide 💡 valuable perspectives 💡 on market trends and patterns, but 🚫 please note that our analyses are not intended as buy or sell recommendations. 🚫
Instead, they reflect our own 💭 personal attitudes and thoughts. 💭
Follow along and 📚 learn 📚 from our analyses! 📊💡"
update of filusdt.I think the bulish trend will start soon.
MDLZ $72.00 - Don't Miss Out on This 18%NASDAQ:MDLZ announced it would like to buy NYSE:HSY which led to a drop to $60. The sell-off came with a high volume and an oversold RSI. The buyers were able to buy the stop up to $61.44 getting it into the support zone. The sell-off did also respect the current bearish channel we're in. From this point on we could see a little bounce or the start of a new bullish phase inside this huge sideways channel.
Our first target would be the resistance at $64.22. If we bounce from this we could see another leg down which is why we should take profit here and move the stop-loss to break-even. If the stock decides to use its momentum for more we could target the area at $73.00. We exit this trade if the stock closes on the daily chart with a candle below the support zone of $60.67.
Resistance / Target Zones:
$64.22
$73.00
Support Zone:
$60.67
Let me know what you think!