BTCUSD This analysis will blow your mind As I said this chart analysis will blow your freaking mind , For starters this chart is making me sweat and Iam sure it is driving some of you beginners crazy. So here is a little cheat code for you to consider. As a learner of the skill, I am dedicated to helping my fellow novices not make potential mistakes. I would have you know I am a very busy individual with a job (for now) 3 kids one being an infant and a wife and school, so you do the math. Any who LET'S get on with this chart.
As I said I am not an expert nor is this financial advice this is my opinion based upon my analysis which is based upon everything I have learned. SOOOO Do you really want to be that guy to risk it all. I am not saying to short, but I am not saying to buy. What I am saying is to wait for a better signal a better candlestick a better trend. This one at this moment is too mixy. Unless you have loads of money to blow, I would recommend you wait.
Please be aware that I am paper trading and right now I am positive not by much although I have made heavy wins, I have also sustained heavy losses. This is a dangerous zone to be in right now. Just be a little patient and WAIT I SAY AGAIN BE PATIENT AND WAIT. The time to get in will be soon just right now there is way, way too much RISK involved.
So please make a smart decision I remember I post all of these in order to help you understand and see a better angle also this help me to see what my plan of action is out loud so as much as I am talking to you is as much as I am talking to myself. So here we will wait and be patient.
Community ideas
USDZAR-NEUTRAL RANGE 3 hourlyThe pair has not been able to move higher as expected, nor has it declined dramatically either.
I think we are range bound for a while, and until election results and/or major change in GOLD price, the pair will again move more actively.
Strategy RANGE trade between 17.6100 and 17.7450 for now. will update if anything new.
Re Entry Into FOMC High Support Trade 7 to 1 350 ticksThis post will be an update to my prior post regarding bullish price action back up to take out pivot highs.
Monday and Tuesday has been using the FOMC High price, notated in green line as a solid support level. The last twenty minutes of the day saw a spike off of it into the close.
Using Monday as the opening range and Tuesday as the initial balance, I projected a range expansion of the high to low and see that the 0.50 times range expansion lines up perfectly with a prior pivot swing. This will be my new target for 350 ticks.
I am already Long at 42,500 even, set with a limit order on the close of that fat bullish 15-minute bar.
So far, price has failed to break the low of Sunday's fat bullish bar as I was expecting. I said that I don't believe price will break that low and so far it is holding up.
After the 0.50 range expansion, the next price level of resistance is the FOMC high/low 1x range expansion at 42,978. One could have a target just before there but I am cutting mine at the 0.50 at 42,850.
The market is forming a bottom using FOMC High price as the support level. The November 7th FOMC release is just around the corner. I am wondering how price will create new support and resistance levels based on that 8 Hour candle. So far all of September and October has been following the September FOMC release.
USDJPY with two probabilities for 10/30/2024This is my idea Nbr 17 after 15 ✅️
USDJPY with a high probability to make the decision for 10/30/2024 ✅️ :
🔸️If the price exceeds the green bar 🟩, with the bar closing in the hour above: there will be a high chance of entering a purchase as indicated in the chart, respecting the day, news and the stop loss.
🔸️If the price exceeds the red bar 🟥, with the bar closing in the hour below: there will be a high chance of entering a sale as indicated in the chart, respecting the day, news, and the stop loss.
HBAR: New Cycle Low?Since HBAR has managed to hold above the low of the orange wave ii and the support at $0.035, we maintain our primary assumption. However, we now need clear bullish signals to confirm this stance. The orange wave iii should eventually reach above the resistance at $0.098. If the price slips below the support at $0.035 (37% probability), we will have to anticipate a deeper low of the magenta wave alt.(2) first. In this alternative scenario, we will then introduce a Target Zone for long entries, which we are currently withholding due to the prevailing downtrend pressure.
TSLA - Resistance Tested 7 Times - Break Through?Good morning! Sorry for the stuffy voice - a bit under the weather this morning.
The name of the game today is trendlines, moving averages, and resistance levels.
1. Trend Lines - We've got a significant trendline that I've outlined in yellow on the chart. Great retest of that trendline just last week after TSLA earnings. Watch it in the future if price action decides to retreat to this important trendline.
2. Moving Averages - I have the 50/100/200 simple moving averages on the 3-Day timeframe on my chart for your review. We had a great retest of the 100/200 (cyan/red) moving averages that you should also be paying close attention to. Should that 50 (green) cross above the 100/200, we should see a significant shift in momentum longer term, though it will take a while to be realized as a moving average cross tends to perform the opposite very-short-term as mean reversion takes effect (more on that in another video).
3. Resistance Levels - This is the most important take-away from this video in my opinion as it's the most relevant topic that you can take action on today. We've tested this area 7 times since July 2023. The more times a level is tested, the greater the likelihood it will break. Should we break through this $270-$280 region, we should see $350 and ultimately my target is and has been $400+ for quite some time.
Will we get there? Probably. When will we get there? Nobody can answer that question without deceiving you. The market will likely take its time and catch you when you're not paying attention.
GOLD: Bears Will Push Lower
Remember that we can not, and should not impose our will on the market but rather listen to its whims and make profit by following it. And thus shall be done today on the GOLD pair which is likely to be pushed down by the bears so we will sell!
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High timeframes very bullish for GBPCAD. See chart please.All credit to Lingrid, who recently alerted this trade, I thought it looked very bullish.
Back in first couple of weeks in September, price headed down to liquidity buying zones and price then ascended very strongly, before heading back down to the same order blocks for liquidity in October. Price bumping around a bit lately, it has good momentum support upwards on the Oscillators and recently today Monday, price has been traversing double tops and price will drift upwards I think very soon.
SPELL TARGET: 0.0010192SPELL has two profit targets. I had to raise the Entry a little higher because the Red horizontal line has to be blue for entry. Red means no entry. Since I raised the entry price, I also raised the stop level.
This is an actual weekly timeframe compressed by ATR into a 5-hour timeframe.
ATR upper and lower bands give guidance as the prices travel in either direction.
My true range candlestick indicator reads bullish confirmation.
AUS200 H4 | Potential bullish bounceAUS200 is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 8,194.52 which is a pullback support.
Stop loss is at 8,165.00 which is a level that lies underneath a multi-swing-low support and the 78.6% Fibonacci retracement level.
Take profit is at 8,274.87 which is an overlap resistance that aligns with the 50.0% Fibonacci retracement level.
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Its Okay to Hold Buys Now!Hello traders!
Apex M30 Analysis, Current Price $2774
Sell Opportunity:
No selling, selling is risky for today!
Buy Opportunity:
Market could continue from the same price and go up till 2786 or it would just take a little correction then move upwards and makes a new ATH at 2786 - 90
Market Structure:
Overall bullish trend, indicating potential upward movement.
Upcoming Events:
NFP report is on the horizon, which could introduce market volatility.
i'll keep update this idea!
AUDCAD On The Rise! BUY!
My dear subscribers,
AUDCAD looks like it will make a good move, and here are the details:
The market is trading on 0.9117 pivot level.
Bias - Bullish
My Stop Loss - 0.9084
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 0.9177
About Used Indicators:
The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
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WISH YOU ALL LUCK
Xauusd buy confirm signal From a technical perspective, acceptance above the $2,750 supply zone could be seen as a fresh trigger for bullish traders. The subsequent move up could lift the Gold price beyond the all-time peak, around the $2,759 region, towards testing a nearly four-month-old ascending trend-line resistance near the $2,770-2,775 region. The momentum could extend further towards the $2,800 round-figure mark.
Gold now buy 2750
Support 2766
Support 2780
Dow Jones Futures Bullish Move Into Resistance 450 Ticks 10 to 1I will be looking for a Long entry with a limit order at the price of 42,420 which is the High price of the September FOMC. I will use a 50 tick stop and target the resistance level of 42,975.
I believe this week will be bullish as the down move from earlier was counter trend. I closed my short position on Friday with the expectation that price will bounce off of September's FOMC High.
Sunday, price opened up with a fat bullish bar and gapped up 0.30% right out of the gate. This tells me that they are going for shorts back up to grab stops and retrace.
The space between resistance is a huge clue for me that this is where they are targeting. The 42,975 price was used as support multiple times but not as resistance.
The three pushes into the September's FOMC High indicates the down move may be the end and the move opposite is in way. Since the high was made during the September FOMC release, it has not been used as a solid support level. It was only used as a mean reversion level that price has been mean reverting around.
XAUUSD / OVERALL UNDER UPWARD PRESSURE / 1HXAUUSD / 1H TIME FRAME
HELLO TRADERS
Current Trend and Demand Zone , After a price drop into a demand zone (between $2,733 and $2,727), the asset rebounded, yielding a 160-pip profit. The ongoing bullish pressure suggests further upward momentum.
Targets and Supply Zones , The price aims to reach $2,750 following a retest of the demand zone. Afterward, it may push into a supply zone ($2,754 to $2,758), with potential to hit a new ATH at $2,775 if the momentum continues.
Downside Risks , A breakdown below the current demand zone could indicate a decline towards a secondary demand zone ($2,722 to $2,717). A breach of this lower zone would confirm a shift to a downtrend.
GBPUSD Next Week TradesThese are the three trades that I will be looking to take next week.
Trade #1
2.93:1 short trade to 1h demand zone.
Price has aggresively rejected from the 4h LH and has also formed relative equal highs (this is important for the third and final trade). I am expecting price to push down to the 1h POI (trade #2) which is also below equal lows. If price pulls back up into the 1h POI then I will look for a short entry on the lower time frames.
Trade #2
3.8:1 long trade to 1h POI above relative equal highs.
The relative equal highs mean that above them is liquidity. I am expecting price to push up above these highs to then carry on moving down. I will look for long entries on the lower time frames after price has reached this zone.
Trade #3
9.32:1 short to daily POI
This is the main trade of the week. I expect price to carry on with its down trend until it reaches the daily POI (target). If price sweeps the relative equal highs and enters this zone I will look for short entry opportunities to continue with the higher time frame trends.
These three trades equal 16.05% potential returns. Like this post and follow to keep updated throughout next weeks trading.
PriceAction / SupportAndResistanceHere we are analyzing 1H time frame for finding the upcoming moves on gold price. I'm using support and resistance combine with price action. Overall trend was bullish. Let's analyze more deeply and maximum gain outcomes. But in my opinion I'm looking sell today.
Must put stoploss for your trade.
Use proper Risk Reward Ratio.
Continued GBPAUD Trade BUYPrice Action won't let me let go of this trade. My runner is running through resistance levels with ease so added another position at 1.97805 and wanted to share my thoughts on target levels.
Will update if I have to exit the trade before the final target due to trend exhaustion.
SEE PREVIOUS TRADE IDEA FOR ANALYSIS.