EUR/USD Break-and-Retest: Next Stop 0.97?Weekly Timeframe:
Clear downtrend with a rejection at the 50 MA and a break below key support. Next target lies around 0.97-0.98, a major demand zone.
Daily Timeframe:
Confirms the bearish bias with a retest of the broken support, now acting as resistance. Price remains below the 50 MA, signaling continued downside.
Correlation:
Both timeframes align in a bearish trend. Weekly sets the direction, while daily refines entry opportunities with break-and-retest setups.
Multitimeframeanalysis
Gold: Multi Tie FrameHello Traders
In the weekly timeframe, an ascending channel is observed, showing a good reaction at its upper boundary. We are waiting for a price pullback to the next resistance level.
In the daily chart, an ascending trendline has been broken, with two returns to the breakdown area around 2600.700, indicating the strength of sellers. The price returning to this area for the third time also shows the buyers' insistence. If the price can stabilize below 2532.800, the likelihood of further decline increases. Conversely, if the price cannot break through the green zone, we predict an upward movement to 2606.200.
At the same time, we anticipate a slow downward trend and fluctuations to around 2568 in the coming days.
USDJPY: Multi-Time-Frame OutlookHello Traders,
A weekly close above 159.00 strengthens the bullish outlook for the next 3 to 4 months.
Conversely, a break and close below 154.50 on the daily timeframe suggests a possible decline towards 148.00.
Currently, we anticipate a rebound from the 156.77-156.40 zone.
However, a solid close below 156.40 and a break of the ascending channel would increase the likelihood of a drop to 155.50.
EURUSD: Short-termHello Traders,
Regarding the Daily chart, we are bearish. and recently break below consolidation.
Regarding the 2h Chart we are bearish and overbought! because we are in top half a bearish channel
Regarding the 5m chart, Formation of a double top or head and shoulder is clear, you can use any other confirmation type or enter right now
Tps and SLs calculated based on previous recent important levels.
Understanding ICT Bullish Mitigation BlockA Bullish ICT Mitigation Block is a concept from Inner Circle Trader (ICT) methodology.
It forms at the end of a bearish trend when the price reaches a strong bullish institutional reference point, such as a bullish order block or breaker block.
Formation: It occurs when the price fails to create a lower low in a bearish trend and instead reverses to shift the market structure to the bullish side.
Identification: Look for a price level where the market attempted to break lower but was halted by significant buying pressure.
Trading Implications: This area can serve as a strong demand level, from which the price can rally further stronger because of short traders exit and long traders enter at the same area.
Multi Time Frame Analysis:
Higher Time Frame - H4
Lower Time Frame - M15
Institutional Framework:
Price Expansion (MMXM Buy Model)
Institutional Reference Points:
Bullish Mitigation
Sell Side Liquidity (SSL)
GBP/USD: Bullish Bias and Strategic PositioningToday, I’m excited to share my analysis on the GBPUSD currency pair, which is currently showing a strong bullish bias.
As we navigate through the market, I will be utilizing probabilities to strategically position myself for long trades.
Current Market Dynamics
The GBP/USD pair has recently shown resilience, bouncing off critical support levels around 1.2670. This rebound suggests a potential bullish reversal, driven by positive sentiment surrounding the UK economy.
Key fundamentals such as the Bank of England's recent decisions to maintain interest rates amidst inflationary pressures signal confidence in economic stability, which supports our bullish outlook.
Global Influences
On the global stage, factors such as a weakening U.S. dollar and improving economic indicators from the UK create a favorable environment for the British Pound. Additionally, geopolitical developments are leaning towards stability, which typically boosts investor confidence in GBP.
Trading Strategy
In this context, I plan to leverage statistical probabilities to identify optimal entry points for long positions. By focusing on key technical indicators, I aim to maximize potential gains while effectively managing risk.
Join me as we explore this exciting opportunity in GBP/USD! Let’s make informed trading decisions together and capitalize on this bullish momentum. Happy trading!
2W:
3H:
P.S. If you have any questions about how I trade probabilities with the overall market direction, feel free to reach out.
How To Use Multi-Timeframe AnalysisHey,
In this video, I dive into the methods of multi-timeframe analysis, exploring how to use daily, weekly, and monthly charts alongside intraday charts like the 4-hour to gain a clearer picture of price movement.
Multi-timeframe analysis helps you view the same data through different lenses, allowing you to make predictions across various time horizons.
For example, a weekly trend or a monthly move can appear as a complete trend on lower timeframes.
By integrating these perspectives, you can better understand what price action is indicating and make informed decisions.
Kind regards,
Max
How To Setup Your TradingView RightHey,
In this video I show you how my charting setup looks like.
I use the monthly, weekly, daily time-frames in one layout.
I use the 4hour and 1hour time-frame in my other layout.
Then I show you everything I trade for FX in my watch list.
Then I show you my crypto and stock market watch list.
Kind regards,
Max
NZDUSD Going Higher once Dollar is showing dowside intention?NZDUSD just swept daily + 4h + 1h liquidity and made a CHoCH in 1H Timeframe.
After the CHoCH, price was corrective to the downside, retesting the previous structure wich can be used as support in a bullish momentum.
Let's see how the price plays out.
EurUsd Nov 24' .. Elections Catalyst?Hey traders, welcome back to another analysis. It's been 2 years and Eurusdmay finnally break out of the range to the downside. I know you are just as excited as I am for a potential squeeze down to 1.03.. However, we must wait for confirmation and maybe a liquidity wick before anything else. Safe trading!
Please leave any feedback below or even a boost to help the channel. Ty, cheers.
-ShrewdCatFx
HAL Swing trading Setup - Descending TriangleChart Analysis:
1. Descending Triangle Pattern:
• The chart shows a descending triangle with lower highs (LHs) forming resistance and a horizontal support zone. This pattern typically indicates a bearish continuation, though an upside breakout can happen.
• The trendline resistance appears well-respected, with a downtrend line pushing prices lower.
2. Resistance Levels:
• There is a resistance zone marked above current price levels.
• Resistance 1 and the trendline serve as a major area where a potential pullback could be seen.
3. Support Levels:
• A clear horizontal support level is visible, which has been tested multiple times, increasing the significance of a potential breakdown.
4. RSI Indicator:
• The RSI shows a downward trend but does not appear to be in oversold territory yet. This implies room for further downward movement but also warrants watching for a potential reversal signal.
Swing Trade Setup:
1. Bearish Scenario (Preferred based on the chart):
• Entry: Consider entering a short position if the price closes below the marked support zone with strong volume.
• Stop Loss: Place a stop loss above the descending trendline resistance to mitigate risk in case of a reversal or fake breakdown.
• Target 1: Use the measured move from the widest part of the triangle to estimate the potential target level for the downside move, aiming for key support levels below (e.g., 3,200-3,000).
• Target 2: If momentum is strong, trailing stops can help capture more of the move downwards.
2.Bullish Reversal Scenario:
• Entry: If the price breaks above the descending trendline with strong volume and closes in the resistance zone, it may invalidate the bearish pattern, indicating potential bullish momentum.
• Stop Loss: Set a stop loss below the breakout candle’s low to avoid potential false breakouts.
• Target 1: Aim for key resistance levels above, including previous swing highs.
• Target 2: Monitor RSI and volume for signs of overbought conditions.
Risk Management:
• Position Sizing: Ensure your position size aligns with your risk tolerance, ideally risking no more than 1-2% of your account balance per trade.
• Monitoring Volume: Increased volume on breakdown or breakout moves strengthens conviction in the trade direction.
• Adapting to Market Conditions: Be prepared to switch to the bullish scenario if the market sentiment shifts unexpectedly.
Caution:
• False breakdowns are possible, especially if volume is low or market sentiment shifts rapidly.
• Keep an eye on broader market trends and sector performance for additional cues on stock direction.
Disclaimer : This analysis is for informational purposes only and does not constitute financial advice or an investment recommendation. Trading in financial markets involves substantial risk, and you should be aware of your risk tolerance and investment objectives. Past performance is not indicative of future results. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions. The author of this analysis is not responsible for any financial losses you may incur based on the information provided.
GBPUSD Live Week 46 Swing ZonesRecovery in full with extra credit characterized Week 45.
Trading with $200 gives about 10-15 trades using 10-15pips SL.
SZ are calculated based on previous 2 weeks high/low with price action being the key determiner using multi-time frame candles.
dtp: dynamic take profit
SL: stoploss
USOIL 71.85 - 0.35% MULTI-TF SET UP INTRADAY TRADEHELLO TRADERS
Hope everyone is doing great
📌 A look at The US0IL At the close of ASIA INTO THE LONDON, TO NY PM SESSION
- As we draw to the close of the week, looking for USOIL to close bullish.
* on the 4H looking for a bearish open with the close of ASIAN SESSION.
* PO3
* Push LOWER before going for HIGHER structures LQ pull.
1 HOUR TF
* Looking for the mitigation of the bullish OB+.
* FVG below has already been mitigated.
* if this structure holds, looking for long entries to close the week.
* USOIL 30M
- Waiting to trade in discounted price.
- If this happens looking for a push higher into premium.
- Most PDARRAYS are filled below so looking for a bullish close this friday.
* BASED on the price action served next session...
* We will see what does the market dish.
🤷♂️😉🐻📉🐮📈
HOPE YOU ENJOYED THIS OUT LOOK, SHARE YOUR PLAN BELOW,🚀 & LETS TAKE SOME WINS THIS WEEK.
SEE YOU ON THE CHARTS.
IF THIS IDEA ASSISTS IN ANY WAY OR IF YOU ENJOYED THIS ONE
SMASH THAT 🚀 & LEAVE A COMMENT.
ALWAYS APPRECIATED
____________________________________________________________________________________________________________________
Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
_____________________________________________________________________________________________________________________
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* ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - I TAKE MY TRADES ON A INTRA DAY SESSIONS BASIS THIS IS NOT FINACIAL ADVICE TO EXCECUTE ❤
LOVELY TRADING WEEK TO YOU!
How I Rode the Gold Trend Using Multi-Timeframe AnalysisHey Traders! 📈
I want to share an analysis of a recent opportunity on Gold that came up, focusing on using multi-timeframe analysis to spot a reaccumulation pattern.
Market Context:
On the daily timeframe, Gold was showing a retracement. By zooming into the 1H timeframe, I identified what seemed like a reaccumulation (REACC) model—giving a potential entry point to go long in this trending market.
The Entry Setup:
On the 1H TF, after a retrace, the price continued the uptrend with strong structure, confirming a breakout.
I entered long, aligning with the market trend and using a trailing stop to manage the position and capture potential further upside.
Floating PnL:
Right now, the trade is floating around 12RR and still trailing! This is a great example of how multi-timeframe analysis can help uncover high-probability setups.
This educational breakdown is meant to help others see the power of combining market structure and risk management to stay in profitable trades. Hope this helps you spot similar setups in the future! 🚀
Leave a comment if you surfed with this trend too!
HCL Technologies Ltd Daily Chart Analysis
The daily chart of HCL Technologies Ltd illustrates an upward trend with strong support levels and clear resistance areas, showcasing both bullish momentum and potential pullback scenarios.
Key Observations:
1.Trend Analysis: The stock price is in an overall uptrend, consistently making higher highs and higher lows. It is supported by a well-defined ascending trendline and is trading above the 200 EMA, which is a bullish indicator.
2.EMA Levels: The 13, 48, and 200 EMAs are aligned in a bullish configuration, indicating continued strength. The price’s proximity to the EMAs will be a key indicator of short-term trends.
3.Volume Behavior: There is a healthy volume trend with spikes during up moves, suggesting interest and accumulation during bullish days.
4.Resistance and Support Zones:
• Resistance: The resistance zone around ₹1,888.50 - ₹1,889.30 represents a key hurdle. A sustained move above this level, accompanied by strong volume, could confirm a bullish breakout and indicate further upside potential.
• Support: The primary support level lies around ₹1,719.00. A breakdown below this level could lead to a more significant pullback, possibly retesting previous lows or consolidating around the 200 EMA.
5.RSI Indicator: The RSI is currently around 55.27, indicating mild bullish momentum without being overbought. An upward move in the RSI beyond 60 could further validate any price strength and potential for breakout scenarios.
Potential Scenarios:
• Bullish Scenario: A breakout above the ₹1,889 resistance zone with strong volume could propel the stock higher, targeting further resistance levels around ₹2,000 and beyond.
• Bearish Scenario: If the price is unable to break above resistance and reverses, it may test support around ₹1,719. A breakdown below this level could signal a potential trend reversal or consolidation phase.
Impact of Macro Events (e.g., US Elections):
The outcome of significant macroeconomic events, such as the US elections, could influence IT sector stocks, including HCL Technologies. Favorable policies, market stability, and global business sentiment may drive higher demand for IT services and lead to a bullish impact. Conversely, any policy uncertainty, geopolitical tensions, or economic disruptions could lead to increased volatility, potentially affecting the stock’s upward momentum.
Summary: HCL Technologies is currently at a key resistance level. A breakout above ₹1,889 may signal further bullishness, while a rejection and breakdown below ₹1,719 could prompt caution. Traders should watch volume and price action closely, along with any macroeconomic news that might impact the broader market sentiment.
Disclaimer: This analysis is for educational purposes only and should not be construed as financial advice. Always conduct your own research or consult with a financial advisor before making any trading or investment decisions.
Central Depository Services (I) Long positionCentral Depository Services (I) Ltd Daily Chart Analysis
This daily chart of Central Depository Services (I) Ltd (CDSL) reveals key market movements and a clear ascending trendline support that has provided a strong base for the stock’s recent upward movement.
Key Observations:
1.Ascending Triangle Pattern: The chart shows an ascending triangle pattern, characterized by higher lows connecting through a rising trendline and a relatively horizontal resistance zone near ₹1,660.20 - ₹1,664.40. This pattern typically suggests a continuation of the existing uptrend with a potential breakout.
2.EMA Levels: The stock price is above the 13, 48, and 200 EMA levels, which supports the bullish sentiment. The moving averages act as a dynamic support zone, indicating strong buying momentum.
3.Volume Trends: The volume shows periodic spikes, suggesting accumulation. A volume surge during an upward breakout above ₹1,660 - ₹1,664 could confirm the strength of the breakout.
4.Resistance and Support Zones:
• Resistance: The key resistance levels to watch are around ₹1,660.20 and ₹1,664.40. If the price breaks out above these levels with strong volume, it could lead to a significant upward move.
• Support: The immediate support level lies at ₹1,560.55, aligned with the ascending triangle’s support trendline. A break below this level may result in a corrective phase or consolidation around ₹1,486.65.
5.RSI Indicator: The RSI is around 58.93, indicating bullish momentum but not yet in overbought territory. A move above 60 would further strengthen the bullish sentiment.
Potential Scenarios:
• Bullish Scenario: A sustained breakout above ₹1,664 with strong volume may push the stock toward higher resistance zones, potentially targeting ₹1,750 and beyond.
• Bearish Scenario: A failure to break above the resistance levels and a drop below ₹1,560 could lead to a pullback toward the support levels around ₹1,486.
Impact of US Elections:
The outcome of the US elections can influence global market sentiments, including Indian equities. A favorable or market-friendly outcome (e.g., policies encouraging global trade, fiscal stimulus, or economic stability) could trigger bullish momentum in international markets, including CDSL, especially if investor sentiment turns risk-on. Conversely, market uncertainties or potential negative impacts on global trade and investments could weigh down sentiment, causing increased volatility and possibly stalling upward momentum for stocks like CDSL.
Summary: CDSL is currently showing a bullish pattern with an ascending triangle. The upcoming breakout or rejection from the resistance levels will likely set the direction for the stock. Traders should monitor volume, price action, and global macroeconomic influences, including the US election outcomes, to gauge market sentiment accurately.
Disclaimer: This analysis is for educational purposes only and should not be construed as financial advice. Always conduct your own research or consult with a financial advisor before making any trading or investment decisions.