Sell XAU/USD (Gold) Bearish ChannelThe XAU/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward from a well-defined Bearish Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours.
Key Points:
Sell Entry: Consider entering a short position around the current price of 2560, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 2524
2nd Support – 2501
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Supply_and_demand
XAUUSD. Daily and Hourly timeframes analysisHello traders and investors!
Daily Timeframe Analysis
On the daily timeframe, there is a short (downward) trend. The price has corrected to the 50% level of the last buyer's impulse on the monthly TF at 2538.5. There have been three consecutive daily bars with increasing volume. The last bar shows a large selling wick, which began after the price interacted with the 2538.5 level. And for today, this is the key bar of the seller's impulse in the forming new impulse. The level marking the start of the last seller's impulse on the daily TF is 2710.52.
At the 50% level of the last buyer's impulse on the monthly TF, we can expect the formation of reversal patterns.
The current priority is selling. Selling opportunities can be considered from the seller’s defense at 2581 and 2589.
Hourly Timeframe Analysis
On the hourly TF, aggressive buying can be considered from the buyer’s defense at 2559.89. The key bar (highest volume, "KC" on the chart) of the buyer's impulse is exactly at the 50% level of the impulse. Additionally, a buyer's zone has formed at the base of the impulse (green rectangle on the chart). However, it’s better to set nearby targets. A similar situation occurred recently with silver, where after reaching the nearest target for long positions, the price reversed and updated local lows.
For conservative purchases, there is no context yet. Ideally, the price should return above 2604.39, and then look for a pattern for buying.
The previous detailed analysis is available in the related post.
Good luck with your trading and investments!
Buy NZD/JPY Descending Triangle The NZD/JPY pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours.
Possible Long Trade:
Entry: Consider Entering A Long Position Above The Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 91.65
Target Levels:
1st Resistance – 92.11
2nd Resistance – 92.34
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XAUUSD / RANGE BETWEEN SUPPLY ZONE AND DEMAND ZONE / 4HXAUUSD / 4H TIME FRAME
HELLO TRADERS
Previous Price Movement , The price initially rose to a supply zone, achieving a profit of +240 pips, indicating a successful upward trade before the price began to decline.
Current Support Zone, The price has now fallen to a demand zone between $2,565 and $2,550. This zone is viewed as a potential area of support where buyers may enter, potentially reversing or slowing the decline.
Potential Price Increase, There’s an expectation that the price could bounce back up to an FVG between $2,636 and $2,664. This gap might act as an interim target, providing resistance where the price could stall or reverse again.
Upward Continuation , For prices to continue rising, they would need to stabilize above the demand zone between $2,565 and $2,550. If they do, the target for the next supply zone lies between $2,687 and $2,708.
Risk of Further Decline, However, if the price breaks below and stabilizes under the demand zone, it suggests a likely continuation of the downtrend, as it would indicate a weakening of buying support.
Overall Trend , Despite the downward moves, the overall trend is described as under “upward pressure,” indicating a bullish bias in the larger context.
Alikze »» BABYDOGE | Pull back to broken structure🔍 Technical analysis: Pull back to broken structure
- According to the analysis presented in the previous post , after reaching the dynamic trigger, a zigzag correction was encountered, which extended to the floor range of the dynamic correction trigger.
- Currently, in the weekly time frame, after exiting the density, it has succeeded in breaking the neckline, which has advanced to the supply area.
- Now it can continue the upward path in the supply area with a pullback to the range of the blue bar or green box, after the failure of the dynamic trigger, to the next supply range.
💎 Alternative scenario: In addition, if it faces selling pressure in the supply area and has a sharp correction, this correction can extend to the next blue bar.
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OKX:BABYDOGEUSDT
Alikze »» TIA | Pull back to broken structure🔍 Technical analysis: Pull back to broken structure
- In the daily time frame, it is moving in a downward channel, which met with demand in the liquidity area. According to the latest analysis presented in the region, there was a demand that grew up to the ceiling of the descending channel.
- Currently, it is moving in an ascending channel within the descending channel, which can continue its growth with a pullback to the broken structure.
- Therefore, this return in the range of the green box or in the middle of the channel can meet the demand again and continue its growth until the supply area.
💎 In addition, if it faces more selling pressure in the Liquidity Area and moves sharply, it can break the range, in which case the bullish scenario will be invalidated.
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BINANCE:TIAUSDT
BITCOIN / OVERALL UNDER UPWARD PRESSURE / 4H BITCOIN / 4H TIME FRAME
HELLO TRADERS
Bitcoin recently reached an all-time high (ATH) of approximately $90,000 before experiencing a corrective phase. Prices are expected to stabilize in the demand zone between $76,982 and $74,781. Should Bitcoin maintain stability above this level, it may reattempt its ATH, targeting a new range of $92,000 to $95,000. However, a break below this demand zone could indicate a further decline towards a lower support region between $70,379 and $66,920. Overall, Bitcoin continues to exhibit bullish momentum despite corrective phases.
XAGUSD / TRADING UNDER DOWNWARD PRESSURE / 4HXAGUSD / 4H TIME FRAME
HELLO TRADERS
Overall Trend , The prices are currently under downward pressure, suggesting that the market is in a bearish phase until a breakout occurs from the current trading channel.
Demand Zone , The asset is attempting to reach a demand zone, which is between 30.27 and 30.01. If the price stays above this range, it is expected to rise toward the supply line at 32.03.
If the price stabilizes above the demand zone, there is a potential for upward movement toward the supply zone, which lies between 32.55 and 32.92. This suggests a possible reversal or rally in price.
Conversely, if the price breaks and stays below the demand zone, it indicates a further downward movement, with the next target being the FVG (Fair Value Gap) area, between 29.71 and 29.16. This would suggest that the market is under significant bearish pressure.
Supply Zone , The overall sentiment remains bearish until the price moves above the supply zone (between 32.55 and 32.92). As long as the price is trading below this range, downward pressure is expected to persist.
NASD100USD / TRADING BELOW ATH PRICES / 4HNAS100USD / 4H TIME FRAME
HELLO TRADERS
Current Price Action , The Nasdaq has reached a historical peak (ATH) around 21,250, Prices are showing signs of a potential decline after hitting this high, suggesting a possible retracement.
ATH Resistance (21,250): If prices stabilize below this level, it signals a likely bearish trend.
Demand Zone (20,906 - 20,781): This is the first support area where buyers may re-enter. If prices reach here and hold, it could signal consolidation or a potential bounce.
FVG Zone (20,482 - 20,324): A further decline to this fair value gap would confirm a downtrend, indicating bearish pressure. Breaking this level would suggest a more substantial downturn.
If the Nasdaq breaks below the FVG, it’s expected to target the next demand zone between 20,074 and 19,916, which represents a significant support range for a potential bounce or further drop.
If prices stabilize above the FVG zone (20,482 - 20,324), this could indicate potential for a rally back towards the ATH at 21,250, as buyers maintain control in this range.
Buy AUD/JPY BreakoutThe AUD/JPY pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours.
Possible Long Trade:
Entry: Consider Entering A Long Position Above The Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 101.15
Target Levels:
1st Resistance – 101.83
2nd Resistance – 102.30
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XAGUSD. Trading opportunityHello traders and investors!
Let's look for trading opportunities in silver.
Daily Timeframe (TF)
On the daily TF, the price has formed a range (sideways movement) that began in April. The upper boundary is at 32.5185, and the lower boundary is at 26.0185. The buyer's vector from point 8 to 9 has hit its target of 31.755 and successfully broke above the upper boundary of the range. However, the seller returned the price back into the range. The current vector of the seller is from point 9 to 10, with a potential target of 26.471.
We are now seeing an attempt by buyers to reverse the price upwards. The price came close but didn't quite reach 30.12, the start of the last sub-impulse of the buyer on the daily TF, which is likely to attract the price. It's better to look for selling opportunities on the daily TF from the seller’s defense of the key seller's candle (highest volume) when the price returns to the range. This level is at 32.16.
Hourly Timeframe (TF)
On the hourly TF, there is a long trend following accumulation in a range. The defense level of the breakout from the range is 30.6445. Locally, it is possible to look for buy opportunities from the buyer’s defense zone between 30.84475 and 30.821. Targets should be set nearby, such as the local high. It's possible the buyer could reach up to 32.16.
Good luck with your trading and investments!
XAUUSD. Waiting for the opportunity to buyHello traders and investors!
Yesterday, the price interacted with the 2604.39 level. The daily candle had increased volume, which could indicate buyer interest.
On the hourly timeframe, there is a sideways range. If the price breaks above the upper boundary of 2617.125 and the buyer successfully defends this breakout, it may be a good opportunity to look for buy positions. It would be wise to monitor how the price handles the 2627.235 level, as a seller might appear there.
These would be aggressive buy positions. Conservatively, it makes more sense to look for buy opportunities after the buyer absorbs yesterday's daily seller candle on the daily timeframe.
The previous detailed analysis can be found in the related post.
Good luck with your trading and investments!
Nov.05-Nov.11(ETH)Weekly market recapLast week, Trump defeated Democratic candidate Harris on Wednesday to win the 2024 U.S. presidential election, following his promises of several supportive cryptocurrency initiatives that are expected to materialize. These include the dismissal of the Chair of the U.S. Securities and Exchange Commission (SEC), the establishment of a strategic BTC reserve to hold digital currencies obtained from assets seized from financial criminals by the federal government, and the promotion of the U.S. BTC mining industry, with the hope that the remaining global BTC will be mined in the United States.
Currently, the U.S. is in a rate-cutting cycle, with a reduction already implemented on November 8, and another expected this year. As long as the CPI data on November 13 does not exceed expectations, the likelihood of further rate cuts is significant.
Last week, there was a substantial net inflow into ETH ETFs, indicating that following Trump's victory, the favorable monetary policy has sparked optimism and speculative behavior among investors, leading to a significant influx of capital into the cryptocurrency market.
Given the current landscape, the cryptocurrency-friendly regulatory environment, the substantial inflow of funds into ETH ETFs, and the macroeconomic benefits of the Federal Reserve's rate cuts are all catalysts for ETH's rise last week and its potential future increases.
Under the leadership of BTC, ETH exhibited a one-sided upward trend last week, with the increase nearly compensating for the decline experienced since July of this year. The WTA indicator has shown blue bars, indicative of whale activity, suggesting significant capital inflow. Meanwhile, the orange wave area of the ME indicator is rapidly tightening, signaling a weakening of bearish sentiment.
In summary, we anticipate that ETH may rise this week, although caution is warranted regarding potential pullbacks. We have adjusted the resistance level to 3400 and the support level to 3000.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
Nov.05-Nov.11(BTC)Weekly market recapLast week, Trump defeated Democratic candidate Harris on Wednesday to win the 2024 U.S. presidential election, following his promises of several supportive cryptocurrency initiatives that are expected to materialize. These include the dismissal of the Chair of the U.S. Securities and Exchange Commission (SEC), the establishment of a strategic BTC reserve to hold digital currencies obtained from assets seized from financial criminals by the federal government, and the promotion of the U.S. BTC mining industry, with the hope that the remaining global BTC will be mined in the United States.
Currently, the U.S. is in a rate-cutting cycle, with a reduction already implemented on November 8, and another expected this year. As long as the CPI data on November 13 does not exceed expectations, the likelihood of further rate cuts is significant.
Last week, there was a substantial net inflow into BTC ETFs, indicating that following Trump's victory, the favorable monetary policy has sparked optimism and speculative behavior among investors, leading to a significant influx of capital into the cryptocurrency market.
Given the current landscape, the cryptocurrency-friendly regulatory environment, the substantial inflow of funds into BTC ETFs, and the macroeconomic benefits of the Federal Reserve's rate cuts are all catalysts for BTC's rise last week and its potential future increases.
BTC exhibited a one-sided upward trend last week, continuously reaching new highs near $90,000. The WTA indicator shows the appearance of blue bars representing whales. This macro shift is beginning to attract large capital. The purple wave area on the ME indicator is widening, indicating strengthening bullish sentiment.
In summary, we believe BTC may rise this week, but caution is warranted regarding potential pullbacks. We have adjusted the resistance level to $90,000 and the support level to $79,000.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
Sell AUD/CAD @ Bearish FlagThe AUD/CAD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Bearish Flag pattern. This suggests a shift in momentum towards the downside in the coming Hours.
Key Points:
Sell Entry: Consider entering a short position around the current price of 0.9140, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 0.9093
2nd Support – 0.9058
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XAUUSD / FURTHER DECLINE / OVERALL UNDER UPWARD PRESSURE / 4HXAUUSD / 4HTIME FRAME
HELLO TRADERS
. Current Downtrend: The price is currently in a downward movement.
Demand Zone (Support): The analysis identifies a demand zone between $2,565 and $2,551. A demand zone typically represents a price level where buying interest is strong, potentially causing the price to stabilize or increase.
Expectation if Stabilization Occurs , If the price stabilizes above this demand zone, it suggests a potential rebound , The price may then move upward to reach a supply zone between $2,618 and $2,618. (It seems this zone might have been mistyped, as it should likely be a range.)
Further Increase if Supply Zone Breaks , If the price closes above the supply zone with a 4-hour (4H) candle, this signals continued upward momentum , This could lead to an increase toward a higher supply zone between $2,732 and $2,749.
Further Decline if Demand Zone Breaks , If the price falls below the demand zone (between $2,565 and $2,551), this suggests a likely continuation of the downtrend, with further declines in price expected.
EURUSD LONG TRADE IDEAMARKET MAKERS BIAS (CFTC COT INDEX REPORT)
>Commercials (Blue Line) - Still at the Bullish zone
>Retailers (Red Line) - Still at the Bearish zone (Always Wrong)
>Fund Managers (Orange Line) - The Trend Followers, They are rolling over positions and added long positions this week.
Value Correlation vs. USD
>Oversold (Bullish), The EURO is 98% Negatively Correlated to US Dollar
Technical Analysis
>Since our bias for the money makers and Value Correlation analysis is Bullish, therefore we use Supply and Demand to look for a reason to be Bullish which is to find a Quality demand zone
>Our highlighted Weekly/Daily Demand zone has explosive imbalance candles that could mean there could still be unfilled orders that was not filled before.
Disclaimer: This post is for informational and educational purposes only and should not be considered financial advice. It reflects general market fundamentals and personal speculation. Always do your own research and consult with a professional before making any financial decisions. Trade at your own risk.
XAUUSD. Where to wait for the buyer's resumption?Hello traders and investors!
The price of gold is correcting. Let's take a look at where a reversal of the correction might occur for potential buy opportunities.
On the weekly chart, the last impulse started from the level of 2604.39. The key bar of the impulse (the one with the highest volume) is at its base. Currently, the price is within the range of this bar, but I don't see increased volumes on the daily timeframe. On the contrary, the volumes of the last three days are decreasing. Is there no buyer? We are waiting for the price to interact with the 2604.39 level, where a buyer might appear.
The next interesting range for a potential buyer resurgence is 50% of the last buyer's impulse on the monthly timeframe, which is at 2538.5.
Good luck with your trading and investments!
XAUUSD / TRADING DEMAND ZONE / 4HXAUUSD / 4H TIME FRAME
HELLO TRADERS
Time Frame and Initial Target , The analysis is based on a 4-hour (4H) chart, which is commonly used for short- to medium-term trading insights, A previous target was reached with a +550 pip profit due to a decline to the demand zone, implying successful movement in line with expectations.
Current Price Movement , Prices are trying to reach $2,605 in the demand zone , As long as prices remain above this level, there is potential for an increase, likely moving toward a supply zone between $2,687 and $2,708.
Possible Downside , If prices break below and stabilize under $2,605, this could signal a further decline to the next demand zone between $2,565 and $2,551.
Overall Market Pressure , The trend shows upward pressure, but breaking the demand zone between $2,565 and $2,551 could confirm a downtrend, indicating a bearish shift if support does not hold.
XAUUSD / UNDER DEMAND ZONE PRESSURE / 1HXAUUSD / 1H TIME FRAME
HELLO TRADERS
This analysis describes a potential price movement for gold within a 1-hour timeframe based on demand and supply zones:
The demand zone is identified between $2,643 and $2,659. The text suggests that if gold prices stabilize at or above this zone, it could signal an upward move.
If prices stabilize within or above the demand zone, they may rise to the supply zone, located between $2,688 and $2,703 , If prices surpass the supply zone, the next target level mentioned is $2,710.
If prices break below the demand zone (below $2,643), it could indicate a potential decline , In this case, target levels would be $2,618 and $2,605.
XAUUSD / BREAKOUT THE SUPPORT TRENDLINE / 4HXAUUSD / 4H TIME FRAME
HELLO TRADERS
Target Achievement , The analysis mentions a prior target of +430 pip profit, with the price currently yielding a 1.58% rate. This suggests that an expected price decline has already occurred and reached a specific profit target.
Demand Zones , The current demand zone is between $2,659 and $2,649. If prices stabilize above or within this range, there may be an opportunity for prices to rebound and move towards a higher range , If prices break below this demand zone, a further decline is anticipated toward a lower demand zone between $2,618 and $2,604.
Supply Zones , If prices rise, the target supply zone is set between $2,687 and $2,710.
For an uptrend to be confirmed, prices would need to break and stabilize above this supply zone, indicating potential for further upward movement.
Overall Trend , Despite potential rebounds within the specified zones, the asset is noted as trading “under downward pressure,” suggesting an overall bearish outlook unless key supply or demand zones are broken in favor of a trend reversal.
US30 / TRADING INSIDE ASCENDING CHANNEL / 4HUS30 / 4H TIME FRAME
HELLO TRADERS
Current Price Trends:
Following Trump’s win, the US30 index rose by 4.90% , The index is now testing historical peak levels around 44,045, with a potential to reach 44,532 if the upward trend holds.
Technical Levels and Price Action:
The analysis suggests that if prices stay below a certain “ascending channel line,” it could indicate weakness, possibly leading to a decline , The first potential downside target is a “Fair Value Gap” (FVG) between 43,381 and 42,984 , If prices break this zone, further declines could target another FVG range between 42,716 and 42,335.
Trend Confirmation:
If the price remains below the second FVG zone, it might confirm a downtrend , Conversely, if it stays above these levels, it suggests potential for a continued increase.
DXY DirectionAs long as I see clear Bullish STR on the 4H and the buyers still in control, I would like to keep selling the other symbols against the Dollar (GBPUSD/EURUSD etc'...).
As I see it, we were in a range between supply and demand (marked as trendlines) and now we are pushing into supply zone (?Let's see if it hold?).
From this point there are two scenarios for me:
1. Supply is holding and DXY will drop towards 101-102
2. Buyers will go over the sellers and keep pushing higher, to 110 zone.
*That's only my personal opinion and not any advice to take action.
And as we all know... we can't predict anything and things can change// Trade safe.