Rectangle
US30 Range setupUS30 Range setup
Extra confirmations include retail patterns
Liquidity
Supp and demand
Wick rejections
BITCOIN (BTCUSD): Bearish Fundamentals & Bearish Outlook ₿
Sellers have strongly reacted to the news about Binance CEO.
If you missed, "SEC Sues Binance and CEO Zhao for Breaking Securities Rules".
The market formed a high momentum bearish candle on a daily time frame,
that violated a key horizontal demand cluster.
The broken structure turned into a strong zone of supply.
I will expect a bearish move from that at least to 24500.
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US30 NY sesh tradeStrong reversal
Daily TF shows perfect wick rejection on level
Overall counter trend trade
NY Open
Typical head and shoulders pattern to be liquidated
Tapped into demand to the pip
🍎Apple🍎 was able to break the descending channel!!!Apple has been moving in a descending channel for over a year📅.
But it's been a few days since Apple was able to break the upper line of the descending channel , and a valid sign of failure and the completion of a pullback can be a Runaway Gap .
I expect Apple to grow at least until the first 🟡 PRZ (Price Reversal Zone) 🟡.
If you want to know about the types of chats, you can read the following article.👇
Apple ( AAPLUSD ) Analyze, Daily time frame⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.
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What to Expect From Gold on Monday? 🟡
Gold is trading in a wide horizontal trading range on 4H time frame.
After the test of the upper boundary of the range, the market dropped sharply
following the NFP release.
I believe that the market will most likely keep falling to the support of the range.
Next goal for sellers - 1939.
Consider an occasional pullback for safe entries.
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GOLD (XAUUSD): NFP Ahead! Your Plan: 🥇
Today we are expecting US Non Farm Payroll report.
Many of asked me to share the plan to trade the news release on Gold.
Analyzing a daily time frame, we can spot that at the moment the market is approaching a key horizontal resistance.
To buy the market with confirmation, I would suggest waiting for a bullish breakout of 1978 - 1985 area.
Its violation will trigger a bullish continuation at least to 1999.
Those, who want to short, patiently monitor 4H time frame.
The market is currently stuck within a narrow range, perfectly respecting the above-mentioned resistance and
1969 - 1974 minor support.
Your trigger to short will be a bearish breakout of the support of the range and 4H candle close below.
Next goal will be 1956.
Wait for a breakout, traders and be patient.
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Two options for Bitcoin In my opinion I can see BTC going one of two ways:
---> We continue to rally having bounced off our Rally - base - rally support zone. With further support by the green rectangle pushing towards the next Supply zone.
---> OR... We lose the rectangle diagonal support, drops down towards the lower side of the rally, base, rally demand zone. Then confirm this key area as new resistance before falling back towards the original breakout point around 20k.
AUDCAD RECTANGLE CHANNEL AUDCAD is trading in a rectangle channel pattern on its hourly chart between the mid trend line MID: 0.90234 and the lower trend line 0.89415.
A short trade may be entered if the price breaks down to the lower trend line, 0.89415 with stops above the high previous to breakdown.
Targets:
MID: 0.88608/0.87810
CRUDE OIL (WTI) Under Bearish Pressure!🛢
WTI Crude Oil was consolidating for quite a long period of time within a horizontal trading range.
Its support was broken today.
It may push the price much lower.
Taking into consideration that the market is trading in a long - term bearish trend,
I will expect a bearish continuation to 64.0 level.
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