META Technical Analysis and Trade Idea#META has experienced a remarkable bullish surge. However, the 1D timeframe indicates potential weakness as we see the trend ranging sidweays creating lower highs. We are considering a possible retracement towards the 50-61.8% Fibonacci zone potentiall trading through the gap evidenced on the chart. This area typically attracts increased liquidity due to sell stops, potentially encouraging long positions from institutional traders.
Trading Considerations Meta Platforms:
Counter-Trend Short: Explore a short entry near the current price level, strategically placing a stop-loss above the recent highs. Maintain a 1:1 risk-reward ratio for this trade.
Fibonacci Buy: Target a potential buy opportunity close to the 61.8% Fibonacci retracement level. This aligns with the possible accumulation of long positions by larger market players. Utilize a stop-loss below the recent swing low, and define target levels as shown on the screenshot.
Disclaimer: This analysis offers my personal market interpretation for educational purposes and should not be considered direct financial advice. Always prioritize your own independent research and thorough risk assessment before making any trading decisions.
Metatrader
HOW-TO: Execute closed-source script alerts via TradingConnectorHOW-TO: Auto-Execute closed-source script alerts using TradingConnector
(Assuming alerts don't match required syntax and script author won't adjust)
TradingView hosts numerous Pine-Scripts with alerts generated by those scripts. Oftentimes, you discover an indicator or strategy with promising parameters, and to top it off, the alerts trigger precisely when needed. It feels as though the entire setup is pleading, "Automate me!"
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Introducing the "Search&Replace Alerts Modifier" Module
TradingConnector has recently introduced the “Search&Replace Alerts Modifier” module, offering a solution to this issue. This module acts as a bridge between alerts generated by closed-source scripts and the expected syntax of TradingConnector. By intercepting alerts fired from TradingView, the Alerts Modifier adjusts them using a familiar Search&Replace mechanism. Consequently, these alerts are aligned with the required syntax before being forwarded for execution in MetaTrader.
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Example Scenario
Consider an alert generated by a closed-source script:
{"id": 1701248700,"symbol": "XAUUSD","command": "short tradesymbol=XAUUSD lot=0.01","time": 1701248700}
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{ id : 1701248700, symbol : XAUUSD , command : short tradesymbol=XAUUSD lot=0.01 , time : 1701248700}
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Customization and Flexibility
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XAUUSD Analysis Update Following a bullish CPI takeoff breaking through the key S&R and completing the trend validation structure with a pivot off the top side we could now see gold take a rest and pullback to the identified zone before either continuing the descending channel to push for lower lows or reject off the dynamic s&r midway and break out above the descending channel back into the long term ascending channel creating a trend validation and new higher low for the overall cycle
Bullish For XRP - Take A Look For A Second Opinion My perspective of XRP is generated through the knowledge and concepts acquired over the years, look within the lines to breaking down a pair and do listen, as at the end of the day you do "pay" attention - so please seek reward from your investment
Over and out - Ill see you on the next recording
Meta: Chilli Cheese DipMeta is currently reorganizing parts of the company, which resulted in 11,000 job eliminations and further cost-cutting moves. The Meta course is currently rising and expected to fall back down into a correction into the yellow trading area below the support line at $88.09. After the green wave is completed, the trend should shift out of the yellow area to work its way above the resistance at $142.60. Once the Meta-course reached that mark, it should easily climb further above $171.39. If the current trend continues to rise above $142.60, with a probablity of 40%, the Meta course would follow our secondary scenario which is expected to exceed the $171.39-mark without even dropping into a correction in the short-run.
USDCHF-- potential for movement from hereUSDCHF had tried to re-enter a major support/resistance area for the third month in a row, and with less than 24 hours for price to trade higher or lower before the monthly candle closes, it sits relatively close to where it sat 30 days ago.
The data shows inability to obtain control of the price throughout the month, and a strong selling presence on the resistance end of the zone shown. After the most recent attempt at breaking through the monthly resistance, price has fully retraced that impulse to the golden pocket, where price is currently trading. I think there is a good opportunity here to watch price action and trade any signs of increasing volume that begin breaking some of the key intraday rejection levels. I never am truly biased, but I anticipate a move downward, creating a healthy red candle to end the month.
It is worth mentioning that from a more long term perspective it seems as though the pair still has room to push upward creating a more complete retracement than is currently formed.
What do you see?
Like, comment, and subscribe!
Happy trading, and good luck!
NZDCAD-- high probability trade set upNZDCAD printed a very clean impulse to the downside recently (visible on the 1D chart), and now price has found support, confirmed it, and began retracing the impulse, already rejecting the .382 level, and confirming the .236 level as new support, beginning the uptrend. Be sure to the like the publishing if you like this set-up, and let me know what you think in the comments below. Happy trading, and good luck!
$MANA Technical Analysis The MANA chart is looking textbook on the 4h timeframe. I am very bullish on the project and the coin.
The reversal on November 11th was a clear Doji Star and began our strong rise to the top of the channel at the $3.80 level.
November 13th to 18th showed a head and shoulders pattern following our initial breakout, a great bullish sign.
MANA broke the neckline on the retest following the pattern on the 18th but only briefly. Then proceeded to breakout to the top of the channel again.
Now we are falling from the top of the channel and looking for support. There are 3 key levels of support.
Support Level 1: Middle of the channel, also the 23% retracement level on fib.
Support Level 2: Neckline of head and shoulders, also 33% retracement level on fib.
Support Level3: Bottom of channel, strong previous support shown by wicks only reaching line.
Strategy: I am looking taper in and buy MANA at each support level mentioned above. *not financial advice
Mean-reversion - OVERBOUGHT - SHORT - VIXGreetings folks,
Price has pierced through the standard setting bollinger band and my mean-reversion system has indicated a setup.
The trading system with a preset 2:1 profit to risk ratio for this asset has historically:
xxx trades
xx %/R returns
Xx % winrate
Do let me know if I should expand the assets and timeframe of ideas that I share.
Cheers,
PineConnector
GBPNZD - Free analysis groupDrop me a message for more info! :D
Here we can see GN is hovering around this level of support where we can clearly see price rejects off it. We should see a bit more movement down to this support and the we can look to get into a buy position and hold this trade out.
If you are struggling with your trading. Drop me a message. Let's get you where you need to be.
XAUUSD - Can you help me reach 500 followers?!Would love to reach 500 followers before the year ends! :D Here's my outlook on the Big one... Gold.
Here we have a. lovely area of structure that you can clearly see whenever price pushes down into it it reject's it like trump was rejected from the office.
If we see price back into this area we'll look to get into a buying position.
GBPAUD - Perfect confluence - up we go!As you can see from the chart we have taken a nice buy position on this pair. We have the bearish trend which has been respected for some time now on the higher timeframes. This broke out and it was a matter of time before we saw some action to get involved in the next trade. We can see on the lower 1hr timeframe we have created a nice little bullish trend which matches perfectly to a good level of structure and the 50% fib. So, we have 3 confluences, 3rd touch trendline, good level of structure and also the fib. All of these lead us to believe the market should see a nice upward momentum.
Please drop your thoughts and comments below :)
Any questions don't hesitate to ask.
GBPUSD - sell could be on.Here we can see a nice break of the bullish trend and price has found support here. adding in a fib we can see if we get the drawback we expect we'll have 3 confluences to get into a short term sell position. 50% fib, structure just above this fib level and a retest of the bullish trend.
let's be patient and see how we get on
EURAUD - STILL A CHANCE EURAUD didn't quite reach our previous buy limit annoyingly as it has flown since our last analysis! but that's forex so don't just trade because you've missed out be patient. We can now see a slight retracement on the pair allowing us to get into a short term buy. A little lower than the 50% fib we can see a nice support level that we can use as our next level of interest. Let's see how we get on this time round.
SPX At the Multi-Year Broadening Acculmulation Resistance LineSince 2018, SPX has been forming a rare Broadening Accumulation Schematic (If you study Wyckoff, these ideas are present). If we finally break this resistance line, Look for a retest and a race that will rocket pretty far. At least to the 4,000 level. With the holdings becoming more on AAPL and the volume of just that one stock having an uproar, it's possible. Traders, get ready because the Asian session just might be the session to watch for this break.
Be Careful, though because the institutions can crash it faster than you can think about it. So be prepared but be careful. We're clinging on to the ceiling of this schematic.
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Disclaimer: This is no financial advice nor any financial service. Remember – 95%+ traders lose money. You are trading at your own risk.