Lingrid | GBPUSD buying OPPORTUNITY from the SUPPORT zoneFX:GBPUSD broke below the previous support level but has formed an inverse head and shoulders pattern at the psychological level of 1.3000. As the market approaches this level, it has been decelerating and it created bullish divergence. The price bounced off the channel border and has closed above the psychological level making higher lows. Additionally, since the TVC:DXY has formed a triple top at the resistance zone, it suggests that it may be poised for a downward correction. My goal is resistance zone around 1.31100
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Gold: Prepare to short or lighten your longsFrom my previous analysis on 1st Oct saying that Gold is taking a break, it did a sideway correction for the next 6 trading sessions before pushing up again. That was a "neutral" call. Now, I see that Gold is reaching wave 3 target of $2801, meaning there should be a meaningful enough wave 4 correction to go short or at least lighten your longs.
There is a convergence of 3 Fibonacci extension levels around $2801, plus completion of 5-wave structure.
Bullish End of Year?This chart shows the price development of Alphabet (Google). Since reaching its high in July, the stock has been in a downward correction. However, it now appears that this correction may be ending. The price has formed a higher low, which could serve as the right shoulder in an inverse Head & Shoulders pattern.
Additionally, the SMAs are bullishly aligned once again. If the price breaks above the 38.2% Fibonacci level, I anticipate a bullish move toward the end of the year.
USDCAD H4 LONG TERM Buying TRADE IDEAHello Traders
In This Chart Usdcad HOURLY Forex Forecast By FOREX PLANET
today USDCAD analysis 👆
🟢This Chart includes_ (USDCAD market update)
🟢What is The Next Opportunity on USDCAD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Channel
DOGEUSD started the Cycle's rally and can go x50.Dogecoin / DOGEUSD has crossed over the Bull Flag of the past 7 months, trading above both 1week MA50 and MA200.
This is what we have been calling as the 'October effect' since in Doge's 10 years of trading, most Octobers have ended correction phases that started aggressive rallies.
The ones every 4 years since 2016 have been the most aggressive.
Based on the previous two Cycles and their parabolic rallies, we believe it is possible for Doge to even go x50 from here.
Even 10x would be great from here but no matter your target, the essence is that Doge has started the new rally of this Cycle.
Follow us, like the idea and leave a comment below!!
NAS100USD / TRADING SUPPLY ZONE / 4HNAS100USD / 4H TIME FRAME
HELLO TRADERS
Current Situation , Prices are in a supply zone, stabilizing between 20,418 and 20,522. This suggests a consolidation phase, where prices may move sideways as buyers and sellers are in balance.
Potential Decline , A possible decline could reach the demand line at 20,146. This level could act as a support, as buyers may step in if prices drop here.
The analysis indicates an overall bullish pressure, as long as prices remain above the demand line. A bounce here could signal buyers gaining strength, potentially pushing prices up toward the supply line at 20,820.
If the demand line at 20,146 breaks, further declines are anticipated, possibly bringing prices to a lower demand zone between 19,963 and 19,735. This scenario would suggest that bearish momentum is taking over.
AUDUSD H4 | Bullish bounce off 127.2%?Based on the H4 chart analysis, we can see that the price is falling to our buy entry at 0.6537, which is a pullback support that aligns with the 127.2% Fibo extension
Our take profit will be at 0.6587, a pullback resistance.
The stop loss will be placed at 0.6473, which is a support level.
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BTCUSD: Bullish Flag Breakout AheadBTCUSDT technical analysis update
At the bottom, Bitcoin formed a falling wedge pattern over 240 days. After breaking out, the price surged by 75%. Following this rise, BTC entered a 220-day consolidation phase, forming a rectangular continuation pattern, which led to a 133% increase after its breakout. Currently, BTC has been forming a flag pattern for the last 220 days, and in the next 10-20 days, we could see a breakout, potentially signaling another strong bullish move.
Regards
Hexa
Bitcoin: Cup and Handle Breakout PotentialBTCUSD technical analysis update
BTC has formed a Cup-and-handle pattern on the weekly chart over the last 1,100 days and is currently trading at $67,000, approaching a key resistance level. A breakout above this resistance would signal a potential upward trend. Once the breakout occurs, we could see a strong bullish move, with the potential for a 100% to 200% increase.
Regards
Hexa
Long EURUSD on trend line supportAccumulate a long position on EURUSD on major trendline support with bullish divergence in 4 hours. I enter the position with a small size first because the trend is still bearish. I expect some reversal in November through early December because seasonality is bullish for the euro.
XAUUSD: Beware of the pullback, sell at high today, target 2730The trend of gold perfectly replicated my idea yesterday. I explained yesterday's trading strategy and future gold price trend very clearly. Yesterday's closing price is very important to the future trend of gold. If the price can close above 2740-2735, the gold price will start to rise. Otherwise, it will continue to adjust if it closes below.
Yesterday’s closing price was just above 2740, and today’s opening price continued to rise, with the highest point once again reaching the historical high of 2757.
Next, I don’t think gold will directly set a new historical high again, because the monthly NFP data will be released this week. It is unlikely that it will set a new high before the data is released. There is a high probability that it will adjust first and then when the data is released. Refresh the high of 2757.
As for today's trading direction, I think it is feasible to choose to short at a high level
USDJPY / OVERALL UNDER DOWNWARD PRESSURE / 4HUSD JPY 4H TIME FRAME
HELLO TRADERS
Supply Zone (154.685 - 154.975), This range is seen as a resistance level where the price might struggle to break above, as sellers are likely to dominate. If the price stabilizes in this zone, it suggests that a reversal could occur, potentially leading to a decline.
Potential Decline to Demand Zone (150.331 - 149.075) , If the price reverses from the supply zone, the expectation is that it could drop to the demand zone, where buying pressure is higher, and the price might find support.
Downtrend Confirmation , For a confirmed downtrend, prices would need to break below the demand zone, signaling strong selling pressure and possibly more declines.
Uptrend Confirmation (157.135 - 157.873) , Conversely, if prices can break above the supply zone, it would signal a potential uptrend. The target in this case would be the next resistance zone, around 157.135 to 157.873.
Sell CHF/JPY Wedge BreakoutThe CHF/JPY pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Wedge pattern. This suggests a shift in momentum towards the downside in the coming Hours.
Key Points:
Sell Entry: Consider entering a short position around the current price of 176.60, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 175.90
2nd Support – 175.30
Stop-Loss: To manage risk, place a stop-loss order above 177.30 This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
GOLD SHORT TO $2,540 (1H UPDATE)Important video update. Like I mentioned on the last update video, it's possible that Gold could push up higher towards a new ATH & that is exactly what is playing out. We've seen Wave 4 play out in a complex correction form, rather then a flat correction form.
Difference between 'flat & complex corrections' covered on my Gold Vault Academy E-Book.
GBPCAD Massive Short! SELL!
My dear followers,
This is my opinion on the GBPCAD next move:
The asset is approaching an important pivot point 1.8040
Bias - Bearish
Safe Stop Loss - 1.8084
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 1.7967
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
THE KOG REPORTTHE KOG REPORT:
In last week’s KOG Report we said we wouldn’t be looking to long for the early part of the week, instead gave the path moving up into the 2727 and 2742 price targets where we wanted to attempt the short. This worked well during the early part of the week, but we didn’t get to complete the move, instead our red boxes kicked in and we continued to look upside into the 2739 and 2745 price point. We then updated traders with the hotspots at the 2750-55 region and suggested looking for a reaction in price there mid-week which was tapped into and rejected giving the lovely move down that we experienced completing the first red box target 2710 before the bounce upside.
It wasn’t an easy week, very choppy and frustrating with burst of volume but we didn’t do to badly completing 6 gold Excalibur targets on top of the bias level targets and the red box targets. Small stops and big captures should have given our followers a decent week on Gold moving level to level with the red boxes we share as well as KOG’s bias of the day. Excalibur performed again with 21 targets completed across the other pairs we trade.
So, what can we expect in the week ahead?
For this week we’re seeing a little more bullish movement on Gold but there’s a level above which needs to be watched and needs to be broken for us to go higher and target that 2800 level! So we’ll look for price to attempt the 2750-55 region during the early session and if rejected there is potential for the pullback to present itself into the 2735-32 red box defence. It’s this 2732-35 region we feel an opportunity to the long is available back up to attempt 2763 and above that 2765. Please note, 2765 is the level we need to break and hold above for us to attempt to target higher pricing for now.
Those looking to attempt the short trades should be looking at the levels of 2760-5 and if broken 2780-5 for opportunities to capture the pullbacks and maybe even a short swing.
Now, we have a slight issue here with the extension of the move this week and with a lot of news to come together with it being the end of the month, we’re concerned about profit taking and a potential sell off, so for that reason, we’ll play level to level on the upside picking the right levels and using the red boxes for our entries and exits which have proven to give the 50-70pip captures quite easily.
KOG’s BIAS FOR THE WEEK:
Bullish above 2730 with targets above 2755, 2762 and 2779
Bearish on break of 2730 with target below 2709
RED BOXES:
Break above 2755 for 2762, 2768, 2780
Break below 2742 for 2732, 2720, 2709
Good luck for the week.
Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated.
As always, trade safe.
KOG
GOLD-Trade Plan 30/10/2024Dear Traders,
Based on our earlier analysis, gold touched the 1.618 Fibonacci extension of wave 4 and then retraced approximately 100 pips. Our projection for the end of wave 5 is between 2790 and 2810. I anticipate a significant correction of at least 1000 pips, taking the price down to around 2680. We'll need to wait for wave 5 to fully develop and for confirmation of our analysis before taking any action."
Dont Forget Like&Comment please !
Regards,
Alireza!
SOLANA - a Big love storySolana is a high-performance blockchain designed to support decentralized applications and smart contracts with exceptional speed and scalability. It introduces a novel “Proof of History” (PoH) protocol, which sequences events to establish a historical record of transaction time, integrating with a “Proof of Stake” (PoS) system for validation. This combination allows Solana to process thousands of transactions per second at low costs, making it highly suitable for DeFi applications, NFT platforms, and other dApps that require efficiency and throughput.
Some levels must to be broken to execute that cup&handle in the weekly chart,and one of those is around 215$ then 280$ and we can see this coin goes around 1000$ realistically in the medium or long term!
The only thing is that volumes are slowing down, which can lead to an dry up volume and then a boost that will lead to a break.
stay tuned!
good trading&investing!