XRPUSD: Bullish Setup AheadAs I prepare to share my bullish trade idea for XRPUSD on TradingView, several key global fundamentals align with my positive outlook. Here are a few significant factors to consider:
1. Regulatory Clarity: Recent developments in cryptocurrency regulation, particularly favorable rulings for Ripple Labs, have boosted market confidence. This clarity is essential for institutional investment and long-term growth in the crypto space.
2. Market Sentiment: The overall sentiment in the cryptocurrency market has shifted positively, with many traders anticipating a bullish trend. Indicators such as the MACD and Stochastic Oscillator suggest potential upward momentum, reflecting a growing interest in XRP as a viable investment option.
3. Technical Analysis: Current technical indicators show that XRP is poised for significant moves. The Relative Strength Index (RSI) is in a neutral to slightly bullish zone, indicating room for further upside before reaching overbought conditions.
In my trading strategy, I will utilize probabilities to position myself for long trades in XRPUSD.
Share Your Thoughts in the Comments Below!
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Orderflow
AUDCAD: Leveraging Probabilities for Strategic Long PositionsKey Fundamentals Supporting Bullish Bias:
- Recent strength in commodity prices, particularly iron ore, benefiting Australia's export-driven economy
- Expectations of a less hawkish stance from the Reserve Bank of Australia, potentially supporting economic growth
- Relative weakness in the Canadian dollar due to concerns over the housing market and oil price volatility
By utilizing probabilities in chart analysis, I can identify optimal entry points for AUDCAD longs while managing risk effectively. This approach allows for a more systematic trading strategy, aligning with the current bullish bias in the AUDCAD pair.
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61.69% Probability for Bullish USOIL TP!Key Fundamentals Supporting a Bullish Outlook:
- OPEC+ Production Cuts: OPEC+ has implemented production cuts to stabilize oil prices, which can lead to a tighter supply and potentially higher prices for crude oil.
- Geopolitical Tensions: Ongoing geopolitical issues, particularly in oil-producing regions, can disrupt supply chains, leading to increased prices as markets react to potential shortages.
- Economic Recovery Signals: As global economies continue to recover from the pandemic, demand for oil is expected to rise, further supporting bullish sentiment in the market.
By combining a bullish bias with a probabilistic approach to trading, I aim to position myself advantageously in the market while managing risks effectively.
Feel free to share your thoughts in the comments below!
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NVIDIA (NVDA) - Bullish Momentum Fueled by AI RevolutionKey Fundamentals Supporting Bullish Bias:
1. Surging demand for AI chips driving record-breaking revenue growth
2. Launch of next-gen Blackwell architecture expected to outperform current offerings
3. Expanding market share in data center and cloud computing sectors
4. Strong cash flow and $50 billion share buyback program announced
Utilizing Probabilities for Long Positions:
As a trader, I'm leveraging probabilistic analysis to optimize my long entries on NVIDIA.
By combining fundamental analysis with probabilistic technical analysis, I aim to capitalize on NVIDIA's bullish potential while managing risk effectively.
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What's your take on using probabilities in trading? Share your thoughts and experiences in the comments below! Let's discuss how this approach can enhance our trading strategies.
Have a perfect trading week! 🚀
Bearish on TONUSD: 58% to 97% Probability of Hitting TP1!Toncoin (TON) is currently facing several bearish pressures in the market:
Key Fundamentals
- Declining trading volume indicates waning investor interest
- Price action below key EMA levels (20-day, 50-day, and 100-day) reinforces bearish sentiment
- Recent completion of a Death Cross on the daily timeframe, the first since May 2023, suggests potential for further downside
- Broader cryptocurrency market uncertainty and regulatory concerns are affecting altcoins like TON
I'm employing probability-based analysis on my charts to strategically enter short positions on TONUSD.
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Please feel free to share your ideas and thoughts!
Using Probability to Guide My Long Positions on NZDUSDThe NZDUSD pair is showing bullish potential due to several key factors.
Recent US inflation data came in softer than expected, which could lead to a more dovish stance from the Federal Reserve.
Additionally, the Fed's recent interest rate cut is likely to weaken the US dollar, benefiting the New Zealand dollar.
These factors, combined with NZDUSD's positive momentum over the past week and month, support a bullish outlook for the pair.
To capitalize on this potential, I'm using probability-based analysis to enter long positions. By focusing on high-probability setups, I aim to achieve more consistent results over time.
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I’d love to hear your thoughts on the NZDUSD outlook and my trading strategy. Please share your insights or questions in the comments below!
Market Insights: Why Now is the Time to Go Long on SPX500USDThe S&P 500 continues to show resilience, and my overall bias remains bullish. Several key fundamentals support this outlook:
1. Cooling inflation: Recent data suggests inflation is moderating, potentially easing pressure on the Federal Reserve.
2. Strong labor market: Unemployment remains low, supporting consumer spending and economic stability.
3. Technological advancements: Ongoing AI and tech innovations are driving productivity and growth across sectors.
4. Corporate earnings resilience: Many companies are adapting well to the current economic environment, maintaining profitability.
To capitalize on this bullish trend while managing risk, I'm utilizing probabilities in my chart analysis to identify optimal entry points for long positions.
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I’d love to hear your thoughts on this trade idea! What are your views on SPX500USD? Feel free to share your insights and opinions below!
SWING IDEA - GOLDIAMNSE:GOLDIAM bags INR 600m worth of order for Gold Jewelry.
In addition, even the MACD is about to make a crossover on the weekly charts. This can indicate a good move upward as it comes at the same time that even the company has bagged a very huge order.
If everything goes well, the stock could easily hit the next Support/Resistance zone very comfortably and further up too.
AUDUSD: Bearish Breakout Ahead! 55.06% Chance to Hit My Target!The Australian Dollar faces several headwinds that support a bearish bias against the US Dollar:
1. China's economic slowdown is hurting demand for Australian exports.
2. The RBA has paused rate hikes while the Fed maintains a hawkish stance, potentially widening the interest rate gap.
3. Global economic uncertainties favor the safe-haven USD over the risk-sensitive AUD.
I'm using probability analysis on my charts to find good short entry points for AUD/USD.
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Feel free to comment below with your thoughts or questions!
Exploring the Bullish Outlook for Litecoin (LTCUSD)Litecoin (LTC/USD) is showing a bullish trend, supported by several key fundamentals.
The cryptocurrency market is experiencing renewed interest, with Litecoin benefiting from its reputation as "digital silver" alongside Bitcoin's "digital gold" status.
Litecoin's upcoming halving event, expected in August 2023, is generating excitement as it typically leads to increased scarcity and potential price appreciation.
Additionally, Litecoin's growing adoption in real-world transactions and its recent integration into various payment platforms are contributing to its positive outlook. The overall crypto market sentiment is improving, with institutional investors showing increased interest in alternative cryptocurrencies like Litecoin.
I'm utilizing probabilities on my charts to get positioned into longs for Litecoin.
Now, let's take a closer look at my analysis.
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Feel free to share your thoughts and ideas in the comments below!
ADA shortThe price faced a rejection at the 4H fair value gap, which I saw as a prime opportunity to enter a short position. My plan is to target the sell stops for profits, but I'm also mindful of the potential for further decline. Given Bitcoin's current momentum and the risk of a sharp drop, altcoins like Cardano could experience significant losses. I'm staying cautious and ready to adjust my strategy accordingly. BINANCE:ADAUSDT
DXY Bullish this week from 101.200?The DXY is currently in an 8-hour imbalance, which could give us an initial bullish reaction. Although price has already broken structure to the downside and shown strong bearish pressure, I expect this bearish momentum to weaken. Once price reaches the 14-hour demand zone, I will be looking for a stronger bullish reaction back up.
If price retraces from either of these zones and moves back to the daily supply, I will then expect the bearish order flow for the dollar to continue. Since this is a clear bearish price structure, any upward movement will likely be short-term and temporary until the daily supply zone is mitigated.
This aligns with my analysis for GBP/USD (GU) and EUR/USD (EU), where I'm looking for short-term sells before entering buy positions. Similarly, for the dollar, I'm expecting a small upward move before it continues its decline.
Have a great trading week, everyone!
ETH Update - 15.08.2024 / Long trade idea1d: got a reaction after liquidity withdrawal in the buyer's block order zone and came to the seller's imbalance.
Now rebalanced to the breaker imbalance zone and key level.
1h: here we move on the upward flow of orders.
Removed liquidity in the local breaker imbalance and left liquidity behind the key low.
Here I see something either after inversion on the order flow or after liquidity withdrawal from the key low!
DXY make a poor highCAPITALCOM:DXY make a poor high, and have potential to break it. i still don't see any aggressive movement on forex right now. but the break or fail to break will be something interesting to be traded.. let's see. noted we have COMEX:GC1! already broke high of 2 days balance.. that will be something to add with ..
FESX & FDAX go down as ES Gapped down Yesterday i watched CME_MINI:ES1! at 5,608/06 area so many buyers over there, but fail to follow through. ES Gapped down on Asian Session. COMEX:GC1! broke high of 2 days balance, and CAPITALCOM:DXY is melting down. Seems Gold is the hedge for the fear right now.
I am short on EUREX:FESX1! and long COMEX:GC1! for now.
Crypto : 1000PEPEUSDT.P ORDER FLOW Entry15m : First Order Flow Mitigated( mandatory ) > Second Order Flow Demand Zone Mitigated
LTF(1m) : Liquidity Swept > Candle Confirmation(Bullish) > Entry
Note: Whenever 15m order flow doesn’t fully mitigated up to its order block, getting at least one confirmation from the liquidity side ( i.e liquidity sweep) in LTF(1m) will increase your chances of entering the trade. After the liquidity sweep, wait for a candle confirmation before entering with a limit order.
EUR/GBP potential shortContext:
• Market broke through monthly lows and stayed below
• Built a weekly FVG down
• On the daily, market builds a creeping trend into the weekly FVG
• The weekly FVG is supported by lower timeframe FVGs on the daily and 4h chart
Idea:
• Look for shorts in the area 0.8465 to 0.85 (i.e. lower bound of weekly FVG up to las broken low)
• Preferred entry timeframe: 4h
Caution / Scenario invalidated:
• Caution if market closes above 0.8484
• If market goes into 0.85, a sharp reversal should occur
• If the market accepts higher prices and builds up a bullish dynamic, returning into its previous range, I skip this one
Target:
• Low around 0.84
Stop:
• Above your entry signal
• Last resort: 0.8541
Watch for your CRV
Please feel free to comment!
CL / Crude Oil ShortContext:
• Monthly: First signs of bearish orderflow. Bearish FVG in the making
• Weekly: Bearish FVGs getting respeced
• Daily: Rejection and break below prev. day low. Caution because of two bullish FVGs
Idea:
• 1h-4h Mitigation Block with 1h close below prev day low.
• Respecting 1h FVgs
• Inside current 1h candle on 15min closed last 15min bullish FVG
• Potentially building a balanced price range on 15min
→ Long around prev. day low about 77.88
Target:
• 1st would be currend day low
• 2nd: Upper limit of daily FVG at 77.22
Entry / Stop:
• Reversal Setup with stop above the entry signal
• Or at 77.88 with stop about 78.05
Signal invalidated:
• breaking lower withoug looking back
• Prive going above 78.05
I want the current 15min-Candle to close inside the range of the previous 15min candle.
Be careful about News in about 30minutes!
Please feel free to comment
EUR/CHF ShortContext:
• Monthly Rejection confirmed
• Weekly build a RBD with FVGs
• Daily consolidated for 3 days below Swing Low and left that base
Idea:
• Short on 4h-Supply
Entry Area:
• 0.9642 - 0.9670
Entry Signal:
Two options
• LMT on 4h Supply
• Reversal on lower timeframe like 1h
Stop:
• Above Supply or entry setup
Target:
• 0.9565 (last bullish montly candle low)
Scenario invalidated:
• Bullish Reversal into breakout-Range, i.e. above 0.967
• If we build up momentum and create another base → would be new scneraio
Please feel free to comment!
Notcoin is Bullish or Bearish ?The chart is for the cryptocurrency pair BINANCE:NOTUSDT NOT/USDT from Binance , analyzed on a daily timeframe. Here is a breakdown of the analysis presented:
1. **Current Price**: The current price is approximately 0.015983 USDT.
2. **Price Zones**:
- **Fair Value Gaps (FVG)**: Two Fair Value Gaps are highlighted on the chart, indicating areas where price movement was rapid and may return to fill these gaps.
- The first FVG is around the 0.017000 USDT level.
- The second FVG is around the 0.013500 USDT level.
3. **Order Blocks (OB)**: These are areas of high buying or selling interest, often leading to price reversals.
- Two OB+ (Order Block) areas are noted, correlating with the FVGs.
4. **Liquidity Zones**:
- **Buyside Liquidity**: This is marked at a higher level, indicating an area where there may be a significant amount of buy orders. The specific levels are marked at 0.029300 USDT and 0.037000 USDT.
5. **Price Projections**:
- **Bullish Scenario**: If the price moves upward, it could aim for the buyside liquidity zones at 0.029300 USDT and then 0.037000 USDT.
- **Bearish Scenario**: If the price declines, it might target the lower OB and FVG areas around 0.013500 USDT.
6. **Volume Analysis**: The volume bars at the bottom indicate trading activity, with a notable increase during the recent price rise.
7. **50% Shadow**: A level marked as "50% Shadow" which might be an important retracement or equilibrium level.
### Interpretation:
- **Bullish Indicators**: If the price can sustain above the current FVG and OB areas, it may attempt to reach the higher liquidity zones. This bullish scenario is illustrated by the green and black arrows projecting upward movements.
- **Bearish Indicators**: A failure to maintain the current levels could result in the price dropping to fill the lower FVG, supported by the red arrows projecting downward movements.
### Conclusion:
This chart suggests a critical juncture where the price may either move up towards the higher liquidity zones if it can maintain above the current FVG and OB levels or potentially drop to fill the lower FVG if it fails to hold these levels. Monitoring the price action around these key zones and the volume dynamics can provide further insights into the likely direction.
USD/JPY LongContext:
• W and M showing (yet to be confirmed) rejections: Neutral with bullish touch
• Respecting Daily FVGs
• 2h big bullish FVG, 4h close above equal Highs
Idea:
• Entry in area between 156.600 - 156.15 with LTF reversal (e.q. 1h)
Scenario:
• Entry area should be approached without bearish FVGs
• 4h close below 156.49 (Equal Highs): Caution!
Scenario terminated:
• 4h Retracement below 156.15: Trade is off
Stop:
• Determined by your entry setup
Please feel free to comment with other ideas or questions.