BLZUSDT(BLUZELLE) Daily tf Range Updated till 25-08-22BLZUSDT(BLUZELLE) Daily timeframe range. it took some time to map this alt. the price action for this alt is not as usual as dozens others. there are lots of out place moves here are there. we can guess there are retail interest and good amount of retail traders activity. Beside that its another high risk and reward alt. its easy to get trapped on those big wicks. but for a position trader a right setup can bring much rewards.
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Gold- My target remains 1770 (update)For three days now I argue that Gold can rise and visit 1770 resistance and, indeed, after finding a bottom at the 1730 zone, the price has started to rise.
Yesterday Gold consolidated in a range and now the resistance of this range is broken.
Continuation after this break is to be expected and my target is in focus.
A drop under short-term support would negate this bullish scenario
My previous analysis of Gold:
DXY - Dollar Next Move 25 - AugustDXY - Dollar Technical Analysis Chart Update
Time Frame - M30
According to Long Time Frame #LTF it is Following BEARISH CHANNEL and Rejecting the Bullish Trend and Heading Towards its Lower Trend Line #UTL
If we Look Short Time Frame #STF we have SYMMETRICAL TRIANGLE with the Breakout of the Lower Trend Line #LTL and completed its Retest and Following Bearish Trend
Pairs Like XAUUSD , GBPUSD , EURUSD . ABCUSD can Follow Buy Trend
Pairs Like USDJPY , USDCAD , USDCHF , USDABC can Follow Sell Trend
Wedge Forming, I Want To Catch The Retest!The way I see it, the market can break either way from this position.
The current market structure could yield two possible long entries and one quality short entry.
I'm not going long in this market, because it's currently trending down, but I'd be more than happy to catch the retest at the base of this wedge.
Look out for the trade update, if the short scenario plays out!
XAU/USD * Gold Next Possible MovementXAU / USD ( Gold / U.S Dollar ) Technical Analysis Chart Update
Time Frame - H2
According to Pattern in Long Time Frame #LTF it is Following Falling Wedge and Completed its Retest
In Short Time Frame #STF it is Following Bearish Trend Line very Strongly so its possible that it can Go till Upper Trend Line #UTL and if it breaks abd retest then its Again buy
It is Currently at Demand Zone and Rejecting from Fibonacci Level - 38.20%
It has Completed its Impulsion and it making its " C " corrective way in Long Time Frame #LTF - Daily
In Long Time Frame #LTF we have Buying Divergence #RSI as well
Big money move! 🤑🤑🤑 (short)This is a move I've been anticipating since this range formed late last month.
There's a 100 pip gap in resistance sitting right above this range, I have a feeling that's where we're headed.
This is a straight forward supply & demand setup!
I'm anticipating a spike tomorrow morning
If price closes below the lowest low in this range before price hits one of my entries then this setup is invalid
I estimate that his trade will payout by Friday at the latest.
Good luck tomorrow!
GOLD long from support zoneThe market is falling from resistance, I expect a pullback to the nearest resistance level from support at 1730.700 if price rolls back to it, because the market oversold. My target is 1743.45 resistance zone .
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
SP500- Important moment for bullsSince mid-June, SP500 had a very good run with the index rising around 15% from the bottom to the top.
However, since 4300 recent top, the index has started to drop and now is trading at 4200.
Looking at the daily posted chart we can see that 4100-4150 is a very important horizontal support and is imperative for bulls to maintain this zone to keep momentum to the upside.
On the other hand, a drop under this support to the 4k zone would signal a new lower high and more importantly a false break to the upside and the bearish trend that started at the beginning of the year most probably will resume.
That being said, I'm slightly bullish as long as the price is above the mentioned support
Gold in support zone. What's next?In the past two weeks, I've argued that Gold could drop to 1740 support zone and, indeed, after breaking under rising wedge's support and the failure to stay above 1800, XauUsd slid to my highlighted zone. So, now what?
Although is difficult to say at this moment if the drop from 1800 is in fact a lower high and Gold will resume its downward movement that started back in May or we will have a higher low to 1680 and Gold will resume its long-term bull trend, after 5 red days, at least a correction can follow.
That being said, in short term I expect a rise towards 1770 with interim resistance at 1755.
My past Gold analysis:
USDJPY Long To 139Earlier this week, USDJPY broke out of a downtrend and started to gain bullish momentum. Today, price broke above the 135.5 resistance level and has continued to push up. I expect price to make a retracement to the 135.5 level and then push to the 139 level before any reversal occurs. Remember to use proper risk management.
ALL Lows Broken, End of PullbackThat's it, Structrue has broken down, you can see the breakout pattern concluded as well, price failed to break through the price line and we saw new low immediately after. The best possible short scenario would be an entry at the retest back to the lowest point of the range.
Gold- Down continuation to supportIn my previous Gold analysis, I said that the price could drop following the break under rising wedge support. Indeed, XauUsd has dropped breaking also under 1785 horizontal support and at the time of writing is trading at 1762.
My bearish outlook remains unchanged and rallies towards 1785 now resistance should be sold.
My target remains the 1740 zone.
XAUUSD - Gold Next Possible MoveXAU / USD ( Gold / U.S Dollar ) Technical Analysis Chart Update
Time Frame - H2
According to the Pattern in #LTF - Long Time Frame H-2 it is following #Rising Wedge
In Short Time Frame #STF in M-45 it is following #Bearish Channel and completed its retest
But according to Level it can Follow Buy Trend from here if it breaks this level then we will enter in #Sell and if it #Rejects then we will enter in #Buy
#RSI is in favour of Short Sell Long Term Buy
Update: Another 40 pips taken!Like I promised, just tapping in to let you know that I took 40 pips from my last entry
Waiting for a rally, back up to supply, I'm considering getting back in at one of the white supply zones on the chart. A bearish spike at those levels would confirm the entry
I'll keep you posted
That's 70 pips so far this morning this morning, which outperforms the trade by 30 pips.
Update: Priceline Breakthrough!The price line has been breached! If we see consolidation under the price line, that could indicate that price will continue down, further into profit.
Look for big rejections under the price line, to confirm the move to the downside.
I'm not going to make the same mistake I made yesterday.
I'm going to wait until price reaches demand, and take profit then look to get back in at supply. I'll know more about where that will be when it happens. I actually went ahead and took 30 pips off the table already and used the last spike as my supply entry back into this trade! I did this twice, I'm just trying to keep things consistent on the charts.
I'll let you know when my next take profit happens!
Check out my previous post for a play by play on this trade, the goal of this little series is to show you guys how I approach these moves, and manage my positions while the trade is active. I hope this helps!
Have a good day!
TRADE OF THE WEEK | Profitable Scalping Session💰
Hey traders,
This week, due to an activity of the market, I decided to share with you a scalping trade that I took on EURAUD:
The market was approaching a solid rising trend line on 4H.
Our confirmation to buy from it was a double bottom formation on 1H time frame.
Long position was opened on a retest.
The market quite quickly retested the broken neckline.
The price bounced then, giving us 77 pips of a pure profit!
Did you catch this trade?
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
