Parallel Channel
GBPNZD Price is expected to rally next week , minor wave 1 was done with 5 minute wave rally and corrective minute wave of ABC for minor wave 2. We expect rally now of minor wave 3 which will consist of 5minute wave (1,2,3,4,5). Target is set at 100% of wave 1 and second target is set at 161.8% of wave one which is 1.2300 price level.
$COIN back to $120Looking at NASDAQ:COIN on the higher time frames, showing potential for a move back down to the $120 zone after rejection from overhead levels.
Moving down within a descending volatility channel, within a larger ascending channel, and looking for support in the HTF support zone below in green.
GOLD → Background Change. Is it time for a correction?FX:XAUUSD is facing profit-taking and a strong correction after Thursday's news. From ATH, the metal is down 2% for the day. Today is an equally busy news day!
The stock and futures market declined quite a bit in yesterday's session. Most likely a reaction to rising inflation..... The data was quite unexpected. The election race is on the agenda. The main question is the pace of easing under this or that president.... At the moment the focus is on the NFP report, which will be released later Friday. It is expected that the economy added 109K new jobs in October and the unemployment rate is expected to remain unchanged at 4.1%.
Technically, gold is coming back under the strong 2760 level, this was confirmed by a retest early in the European session. The market may be interested in the imbalance zone and the approximate area of 0.5-0.7 fibo...
Resistance levels: 2758, 2771, 2789
Support levels: 2745, 2738, 2728
The fundamental background is changing and it is reflected in gold. The outflow of investments may continue. If the negative background intensifies, gold may fall lower after resistance retest, e.g. to 2724-2713. But, unpredictable data will renew interest in the metal, which may return to the range of 2760 - 2790
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Gold can continues to grow inside upward channelHello traders, I want share with you my opinion about Gold. By observing the chart, we can see that the price a few moments ago started to grow inside the upward channel, where it at once rose to the resistance line and then made a correction movement. Next, the price continued to grow and later reached the resistance line of the channel again, which coincided with the current buyer zone, after which rebounded to the support line of the channel. Then Gold rebounded from this line to the resistance line of the upward channel, thereby breaking the 2605 support level, and also later exited from the channel. Price little grew and then started to decline, and in a short time fell to the support level. After this, Gold started to grow inside another upward channel, where it bounced from the support line and rose to the 2730 level. Price long time traded between this level, trying to break it, and later finally broke the 2730 level. After this, Gold rose to almost the resistance line of the channel, but not long time ago turned around and fell to the support area. At the moment, I think that the price can correct to support the line of the channel and then continue to grow inside the channel. For this reason, I set my TP at 2825 points, which coincides with the resistance line of the upward channel. Please share this idea with your friends and click Boost 🚀
Bitcoin can reach resistance line of channel and start to fallHello traders, I want share with you my opinion about Bitcoin. Observing the chart, we can see how the price some days ago entered an upward channel, where at once it made little correction and then rose to a support level, which coincided with the buyer zone. Then BTC broke this level, after which made a correction to the buyer zone, and then BTC made an impulse up to the resistance line of the upward channel. After this movement, the price turned around from this line and then started to decline to the 58900 support level, which coincided with the support line of the channel. Later BTC rebounded and continued to move up inside the upward channel and some time later reached the current support level, which coincided with the support area. Price rebounded from this level and made a correction below, after which made an upward impulse to the resistance line of the channel, thereby breaking the 69500 level. But a not long time ago it started to decline, therefore I think that BTC can grow to the resistance line and then drop below a current support level, breaking it and continuing to decline. For this case, I set my TP at 67000 points. Please share this idea with your friends and click Boost 🚀
DC. Parabola?If you look closely, you can see a parabola forming here, originating from $0.000215 level. Probable level of the parabola top may be equal to the height of the channel - that is, the level to which the price will reach upon breaking through descending channel. Again, the price has touched the level of June prices. This means that we have a sideways trend for 140 days and those who accumulate in it are buying the bottom.
BITCOIN - Price can bounce from support area to $73800 pointsHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊
Some days ago price rose inside rising channel, where it broke $61100 level and then reached resistance line of channel.
Then price continued to grow near this line, after it reached $66350 points, price turned around and started to decline.
In a short time, BTC exited from channel, fell to support area, and started trades inside wedge.
In wedge, price fell to support line, after which made upward impulse to $69000 level, made correction, and continued to grow.
Soon, price broke $69000 level and reached resistance line of wedge, but recently fell to one more support area.
Possibly, BTC can bounce up from support area to $73800 resistance line of wedge.
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Gold- Where to sell for down continuationOver the past 10 days, I’ve consistently noted that OANDA:XAUUSD is primed for a significant drop, especially after its 2,000-pip gain over 20 days.
A strong correction is both healthy and expected.
Yesterday, after a brief new all-time high, Gold dropped sharply, declining roughly 600 pips from top to bottom.
Despite this correction, I believe there’s more downside potential ahead.
I’m planning to sell rallies, especially around the broken confluence support zone, where I’m watching for entry signals.
My overall target remains a drop below 2700, with 2690 as a strong support level to test.
FLOKIUSDT.P
To Whom It May Concern,
This is an analysis of FLOKI, another memecoin, on the daily chart. My outlook leans towards the bearish side.
The trend is declining within a weekly gray parallel channel. Since August 5th, the price has made a series of lower lows (see the green trend line) but has been rejected by both the 200-Day MA and the upper part of the channel.
It appears a triangle is forming, with low volume for the bulls. My bearish bias is supported by the two resistance levels above the price: the 200-Day MA and the upper side of the parallel channel. My bullish bias, however, is based on the higher lows along the green trend line.
Overall, my stance is bearish, as the longer-term resistances present a stronger obstacle than the green trend line support.
If you have any questions or comments, please feel free to share.
As always, this is not financial advice. Stay safe and focused!
GBPUSD → Confirmation of a trend change. The Bear ZoneFX:GBPUSD confirms the bearish market structure. The fundamnetal factor is favorable for further decline. Since the opening of the session, the price has been testing the previously broken boundary. The market is not ready to resist the sellers yet
On the background of difficult situation in the west, the course of interest rate cuts in the UK, a pool of sell orders is forming in the zone 1.315 - 1.300. Buyers are turning around.
On Monday, in the Asian session, the retest of the previously broken trend support ended with a downward impulse, which confirms the bearish mood in the market. GBPUSD confirms the price exit from the channel.
It is possible that another retest is possible, as the dollar is forming a short-term correction, but it does not change the general essence of it
Resistance levels: 1.3044, 1.3068
Support levels: 1.300, 1.2975, 1.2938
The trigger for the continuation of the fall will be the breakdown of 1.3000 and further consolidation of the price below this zone. Additional scenario: retest of 1.3063 - 1.3075 before further fall
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ETHEREUM → Price can't break the bearish trend. False breakoutBINANCE:ETHUSD is facing selloffs. Technically, ETH is showing weakness on the background of growing sales. Any growth attempts are aggressively sold off. The price continues to test the support, which only increases the chances of a breakdown
Accumulation is narrowing. Ethereum is unable to leave the downtrend. The pressure formed by the bears is only getting stronger. Earlier there was a growth attempt, which became unsuccessful, after a false breakdown of the intermediate resistance 2717. The bears did not let anyone near 2817. On the background of yesterday's fall, associated with bitcoin correction in the 67K - 65K zone, the price tested the consolidation support and is forming a false breakdown.
From October 22: BITCOIN → False Breakout & Bearish Engulfment ↓
If the price does not start active growth, but returns to the support and starts to enter the risk zone, it can provoke the activation of orders and a strong impulse to 2100-1900.
Resistance levels: 2562, 2728, 2764
Support levels: 2392, 2318, 2111
It is not excluded that the price may return to the triangle resistance or 2728, but there are no hints for now. Emphasize on 2562 and 2392, two important zones from which a strong fall can be formed
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GOLD AIMS HIGHERAfter a significant sell-off, we managed to find support at the 50% channel retracement, within the ascending channel, at the trendline, and in the golden pocket. I’m expecting a nice move up from here if this level holds
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HUDCO NSE CHANNEL BO WTF POSITIONAL HUDCO NSE STOCK Analysis
TRADE PLAN (DTF Close Price for POSITIONAL
ENTRY -223 25 % Qty, Add 50% qty 250 DTF Close
SL - 192
TARGET --01- 278 , TGT02-- 361
Hold For a -1 + Year or TGT 2
Chart Pattern :
STOCK had a 4Month Streak to Touch an ATH of 350, Retracing in below 50% FIBO Level forming a Bullish Flag /Channel Pattern.
INDICATORS EMA :
The Price is Currently Trading above 200EMA, and 20EMa below 50EMA in DTF. STOCK EMAs are currently in Transitional stage of Bearish alignment where price has recvocered 11 %+ with low Volumes indicating an EARLY start of a bullish Reversal on WTF.
FIBO/E :
Currently the price is below 50% FIBO Retracement Level, Early Entry can be take as per your risk ability. Safe Investors Enter above 224 .
Volumes: There is a no significant increase in Volume on the Weekly Charts for1 Weeks after the 16 weeks Pullback.
Maintain a Strict SL
Keep in your Priority Watch List
Disclaimer: For Education/Reference Purpose Only, Trade at your Own Risk with correct position sizing and SL based on your Risk appetite (Exit when price closes 7to8% below your Entry).and re enter when trend reverses...
Trail Your SL progressively. Learn/Know and Review the Stock trading Technical Terminology. Check Verify the Financial fundamentals of the Stock and Seek Advice from a Certified Financial Advisor prior to Investing. Prefer Entry with 25% quantity, Add in Tranches of 25%-50% as prices moves upwards recommended.
MTFA- Multiple Time Frame Analysis
DTF -Daily Time Frame
WTF-Weekly Time Frame
MTF- Monthly Time Frame
ATH-All Time High
LTH -LifeTime High
RBC&H-Rounding Bottom Cup/Handle
BO- Breakout Close
EMA -Exponential Moving Average
FIBO R/E -Trend based Fibonacci Retracement/Extension
SL Stop Loss
TBD- To be Decided
CHoCH- Change of Character Bullish/Bearish
MSB/BOS -Break Out Structure
FVG Fair Value Gap
20VMA -20Volume Moving Average
SWING/POSITIONAL Trade
GOLD - Price can little correct and then bounce up to $2825Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
Not long ago, price bounced from $2665 support level and fell below it, after which it started to grow inside rising channel.
In channel, Gold broke $2665 level one more time and later rose to resistance line of channel, after which made little move down.
Then Gold rose to $2755 level, after which bounced down to support line of channel and then continued to grow.
Later price made a gap, after which fell back to support line and then bounced up, breaking $2755 level.
Price a little rose, after which it started to decline, so, in my opinion, Gold can little decline.
After this movement, price can turn around one more time and then start to grow to $2825 resistance line of channel.
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EURO - Price can move up to resistance level and continue fallHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
A not long time ago price entered to falling channel, where some time declined near resistance line of channel.
Later it bounced and fell to support line of channel, but soon backed up to resistance line, after which continued to fall.
Soon, Euro broke $1.0840 level, which coincided with resistance zone, and exited from falling channel.
Then price started to trades inside flat, where it declined to support area and then bounced up to $1.0840 level.
After this, price made a correction and then backed up to this level, but recently started to decline.
In my mind, EUR can make movement up to resistance level and then continue to fall to $1.0765
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DC. Growth potential x10 in 8 days.If we extrapolate the historical chart to the present time, we can assume that asset is capable of experiencing a similar upward movement. Given the bull market factor and ratio of assets in liquidity pools on decentralized exchanges, x10 may only be the beginning of global growth.
GOLD → The calm before the storm. News ahead... FX:XAUUSD is at a strong resistance of 2790. Traders are getting nervous before the news. Risks as well as the price are rising. PCE, Initial Jobless Claims, Chicago PMI are ahead.
Traders have taken a wait-and-see stance ahead of the news. PCE along with NFP on Friday should give an insight into the Fed's interest rate outlook. Against the backdrop of a steady US labor market, a 0.25% cut is the most likely scenario. The metal is holding back any fall that could be seen as a correction due to election uncertainty. There is not much time left. As well as news from China and the escalated conflict in the Middle East.
Technically gold is in a range, the chart indicates stronger levels and liquidity zones. The most probable scenario is a retest of one of the support zones and further growth after liquidity capture. Targets in such a case could be 2789-2800.
Support levels: 2771, 2758, 2745
Resistance levels: 2789, 2800
It is not excluded that there may be a strong shakeout on the background of the news. Market behavior at the moment will depend on the actual data. The reaction may be extremely aggressive.
Rate, share your opinion and questions, let's discuss what's going on with ★
FX:XAUUSD ;)
Regards R. Linda!