[TRADING SHOW]24.04.24 XAUUSD HOW TO BUYThe daily level MSB line broke, but yesterday and Tuesday the daily line had a long lower lead Pinbar pattern, given that the main idea of to do today is long.
Currently during European trading hours, drop down to the hourly level for observation.
Two kinds of evolutionary deduction capabilities for the market are needed
1. If the market inertia changes at the hourly level and there is a lot of idling, it is safer to set the MSB line at yesterday’s high point.
So wait for this position to break through and then step back.
2. The European trading time will fall first, and we look forward to the pattern of falling first and then rising during the New York time period.
Near the hourly level FVG position in yesterday’s rising stage
good luck!
Smcconcepts
AUDUSD Long (24/04)Price for AUDUSD may be looking to turn after a week of selling. It has left a wick below, signalling rejection.
An order block was drawn, in hope to ride out the sell - however it was broken through, leading to the confirmation of the above. Using the breaker block I’m using the highest recent point for my first take profit and the swing highs as my future take profit points.
N.B.: Do your own research do not take my analysis as financial advice. Thank you
GOLD: Not Sure What Next? Gold has been in range, price have been trading at 2360 and 2396, however, we are still unsure of what next with Gold. Though fundamental and technical both sites showing that Gold may rebound to 2440 area however, recent volume and price behaviour says otherwise. Let's wait and see how price behave.
EURAUD: 300-600 PIPS Buying Bias! EURAUD consolidating in daily timeframe, in our view there are two areas where price can head towards. First is where we think price can continue the bullish move towards 1.80. In our second area, where price can drop hard and take out the daily sell side liquidity. At the current market condition our second scenario looks more suitable.
Good Luck ;)
XAUUSD Buy AgainXAUUSD has dropped back to my original buy area zone after taking out Tuesday's high earlier today during the Asian Session. Now anticipating for price to go back up again from the same 1H Order Block. Note that it is Friday and the last trading day of the week without any major red news driver, and hence momentum to go all the way to take out today's Asian high may not happen.
XAUUSD: $2400 Done Now, Next $2500?Last three ideas helped us gathered around 2800+ pips in total. Now we are expecting another big move and this can be the last bull run before it drop for major correction. We are expecting price to drop around $2365-70 region where we can see strong rebound. Our first take profit will be at $2420 and then $2496.
Let's get this done probably by end next week. We can have a clear view on Gold. Good Luck and Trade Safe.
LUNC spot buy/sell zonesLast LUNC from november 2023 left much liquidity to grab.
Most possible, but least trustable zoone is first at the chart marked with green demand box or red supply zones.
Gold boxes are high quality zoones, for short or long either.
BUY
My favourite scenario is the one with hitting new low but as the realist i would buy in green and first gold box
SELL
One place that i can see to stop the price can be red box but it isnt too dangerous place. I will hold my bought LUNC untill i will see readable distribution scheme.
#XAUUSD: 04/04/2024PYTH:XAUUSD The price of XAUUSD has reached a record high, and both fundamental and technical analysis indicate a strong bullish trend going forward. Since there has not been a significant correction, we can consider going long based on the price momentum. It is important to note that tomorrow's NFP news may have a significant impact on the future price of gold, so please monitor the news and adjust your risk accordingly. Good luck and trade safely.
DXY update before PMI price is near the resistance 0f 104.750 >> 104.800 >> 105
now the question whether the price sweep or run through this liquidity ???
as price has made higher high and higher lows with recent bos we are looking to buy instead of going short
during the impulsive momentum candle price has left behind some bullish fvg which are pending below at the level of 103.700 level before this we have higher low (this higher low could be the liquidity
before 103,700 i dont see any major fvg or ob as of 4h time frame
price currently going all time high which need to take a pullback to fuel the upside move again
the candle formed since 27th march are mostly sideways following a trending which is another area of liquidity laying below it
XTIUSD/US OIL: On the way to 100$? Dear Traders,
Hope you are doing great, US OIL has been extremely bullish since our last three entries and there is huge chance that we can get fourth entry on the point. There is gap spotted and in our view price can fill the area and bounce straight up from that region. Please use accurate risk management and take entry accordingly.
Please like and comment for more.
#XTIUSD/WTIOIL: 2000 Pips Buying Opportunity! Do not miss outFirst prediction on XTIUSD turned out to be a successful one where take profit '1' hit . successfully which gave us nice 900 pips in profit. Now we are looking at the broader picture on XTIUSD, targeting 96.00 region which remain crucial for many traders. Price is at the right zone to enter swing, take entry with accurate stop loss that suits your trading style. Please do your own research too before taking any buying entry on XTIUSD.
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EURUSD: 300+ Pips a clear buying opportunity! Dear Traders,
Our last entry hit breakeven and price dropped heavily due to bullish dxy presence. We still expect DXY to remain bullish for starting few days of next week. We have identified the key area where we think price will reject and bounce back strongly which will give us 300+ pips. Wait for the price to come to our area and then enter accordingly with accurate risk management.
Please like and comment the idea, your support is appreciated.
Thanks.
Today Gold Target? Check Analysis Since gold caught the uptrend, it has not been a bearer.
On Friday, when there was NFP news, gold was running at 2295. Subsequently, it fell to 2281 before catching an uptrend, closing at 2328 when the market closed.
Now, as the market opened, gold initially dipped to 2304 before regaining momentum. Currently, it is in an uptrend, reaching 2355.
We believe that gold may bounce back from 2325, with our target set at 2355. Additionally, if it breaks 2325, it could drop to 2304, with our buy target remaining at 2355 or 2375.
🔑 Remember, money management is crucial. Before employing our analysis, please conduct your own research and refrain from investing more than 2% of your portfolio.
📈 Our resistance levels are spotted at:
- 2355.00
- 2375.00
📉 And our support levels are set at:
- 2325.00
- 2203.00
Stay tuned for further updates and trade smartly! 📊
USDJPY: Big Trade Loading at least 1000 pips! What you think?Dear Traders,
USDJPY currently trading at extreme seller zone, though daily timeframe has not show strong intention from seller. However, in upcoming weeks we may see strong sellers pressure coming in the market. Please use accurate risk management.
GOLD: Possible Downtrend to continue till $2180! Gold created a record HH and it is very likely price is likely to remain extremely bullish in upcoming days. Now, in our price can drop around 2180$ a perfect time for correction to occur, if price do not respect our entry and make it invalid then it would be tough to find a accurate entry to either buy or sell.
🚀🌕 Dogecoin Long Opportunity: Entry at Demand Zone and FVG💰Hey traders! 🎩💼 I trust you're all doing well. Here's an enticing trade proposition for BINANCE:DOGEUSDT (DOGE/USDT), offering not one but two potential entries.
1st Entry: 0.18157
We're initiating our first entry based on the presence of a demand zone (SMC). This strategic entry point presents a promising opportunity to capitalize on potential bullish momentum.
2nd Entry: 0.17400
Our second entry is triggered by a Fair Value Gap (FVG), adding another layer of confidence to our position. This secondary entry reinforces our conviction in the trade setup.
(before reading further, follow, like and comment what you think about this idea...)
Stop Loss (SL): 0.17058
To mitigate risk, our stop loss is set at 0.17058. This level acts as a safeguard against adverse price movements, ensuring prudent risk management.
Target: $1 (Long-term Vision) 🎯
Now, our target is set at $1. But hey, we're not just staring at the stars here; we're ready to sell before the biggest TP hits if needed.
(....and share)
However, it's essential to exercise flexibility and consider taking profits earlier, albeit retaining a portion of DOGE. Elon Musk's tweets have historically influenced DOGE's trajectory, potentially propelling it "to the moon."
This signal is based on SMC strategy...
You also want to learn SMC strategy? Great, right it down in the comments!