Sell GBP/USD Triangle FormationThe GBP/USD pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the downside in the coming hours.
Possible Short Trade:
Entry: Consider Entering A Short Position Below the Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 1.2970.
Target Levels:
1st Support – 1.2910
2nd Support – 1.2874
Stop-Loss: To manage risk, place a stop-loss order above 1.2997. This helps limit potential losses if the price falls back unexpectedly.
Thank you.
Supply_and_demand
BTC Analisys Double bottom BOUNCE ! Just as predicted !
Bitcoin is doing exactly the double test we predicted in order to rebound with bullish momentum. We could see Bitcoin between 68 and 70 again in the coming days, maybe next week.
We are in the profit zone ! If you followed my analysis from weeks ago, you should be in the green with no problem! Congratulations!
AUD USD - bulls on parade towards 0.70G'day,
Master Key for zones
Red = Three Month
Blue = Monthly
Purple = weekly
Pink = Consolidative box example (Daily)
Orange = Daily
Risk Warning
Trading leveraged products such as Forex, commodities and CFDs, carries with it a high level of risk and so may not be suitable for every investor. Prior to trading the foreign exchange, commodity or CFD market, consider your investment objectives, level of experience and risk appetite. You should never risk more than you can afford to lose. If you fail to understand or are uncertain of the risks involved, please seek independent advice and remember to conduct due diligence as criteria varies to suit the individual.
Below are some of the take aways from the video - please listen again incase any detail is missed.
The video explains it all - Daily and weekly timeframe for reference
Daily PCP - using Rally, base rally scenario.
Bearish Daily move
Weekly
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USD/CAD - Triangle Breakout - Weekly ForecastThe USD/CAD pair on the H8 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the downside in the coming Days.
Possible Short Trade:
Entry: Consider Entering A Short Position Below the Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 1.3650.
Target Levels:
1st Support – 1.3465
2nd Support – 1.3364
Stop-Loss: To manage risk, place a stop-loss order above 1.3800. This helps limit potential losses if the price falls back unexpectedly.
Thank you.
Copper Constructive but Struggles for BreakthroughFollowing a sharp pullback from May’s record peak, Copper made a strong start to the third quarter, returning above the EMA200 (black line) and regaining the initiative. It tries to take out the 38.2% Fibonacci of that decline that will allow it to push towards 5.000-5.041 handle and eventually challenge the all-time highs (5.200). The fundamentals remain favorable, as key miners have lowered their activity, while the AI boom and the clean energy transition drive demand for the non-ferrous metal.
On the other hand, there are risks to the upbeat supply-demand outlook, like China’s bympy recovery and distressed property sector, along with a slowdown in EV adoption and other factors. Furthermore, Copper struggles to break above the pivotal 38.2% Fibonacci and failure would create scope for lower lows (4.323) but the downside appears well protected and sustained weakness past it looks hard, technically and fundamentally.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider . You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (trading as “FXCM” or “FXCM EU”), previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider . You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
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Losses can exceed deposits.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this video are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed via FXCM`s website:
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Past Performance is not an indicator of future results.
Historically Warm Weather to Support Natural Gas PricesAfter the second quarter relief rally and the five-month peak, Natural Gas registered a four-week decline. This has shifted bias to the downside again, creating scope for further losses towards 1.940. However, a look at the daily chart shows that NGAS tries to react at the lower border of the Ichimoku Cloud. Furthermore, a Golden Cross (EMA50 crossing above the EMA200) has been formed, which is often viewed as a precursor of sustained growth.
This technical formation compliments the favorable fundamentals, as demand is set to increase this year, while key drillers lower their activity. Although the world shifts to renewables, Natural Gas is seen a bridge fuel facilitating this transition. Furthermore, it is heavily used in electricity generation, being the top source in the US and No2 globally. June was the thirteenth straight month of record high temperatures according to Copernicus, which can provide another tailwind for energy demand during the summer months. This in turn can increase Natural gas consumption and support prices.
As a result, NGAS can reclaim the EMA200 that would give control to the bulls and the ability to push for the June peak (3.164). The upside contains multiple technical roadblocks though and there are risks to the upbeat supply-demand dynamics.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider . You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (trading as “FXCM” or “FXCM EU”), previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider . You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763). Please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this video are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed via FXCM`s website:
Stratos Markets Limited clients please see: www.fxcm.com
Stratos Europe Ltd clients please see: www.fxcm.com
Stratos Trading Pty. Limited clients please see: www.fxcm.com
Stratos Global LLC clients please see: www.fxcm.com
Past Performance is not an indicator of future results.
Alikze »» DOT | 61.8 Fibo retest scenarioAccording to the long-term analysis, the DOT currency is moving in the 1W time frame, which, as mentioned in the updated micro-waves of the previous post, completed a complete cycle in accordance with the path in the range of 11.92.
💎 First scenario: due to the recent three-wave correction and support in an important PRZ area, an upward corrective movement is currently underway, which is currently stopped at the 0.618 area. Therefore, if this X wave is not upward and after the completion of the correction log until the liquidity zone or PRZ leads to the failure of the zone and the daily candle is closed above it, it can continue the movement until the specified resistance PRZ zone. to give
💎 Second scenario: If the support PRZ area is broken, this can lead to a continuing corrective lag and a combined correction and correct the whole wave up to 0.23.
If the behavior and structure of the post changes, it will be updated.
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Possible Trading Zone for XAUUSDIn the image of the daily chart, you can see gold and the areas that have imbalance, as a result, when the price returns to these areas, if a signal occurs in the lower time frame, especially one hour and 15 minutes, it will be a good opportunity for profitable transactions with specific targets. It doesn't matter what your setup is for entering a trade, if you see a signal to trade in these areas with your method, enter.
Alikze »» MATIC | Elliott Triangle pattern scenarioAccording to the previous analysis, the Metic currency went through an upward movement cycle. Currently, it is in a corner pattern in the weekly time, which was able to escape from it in the specified supply area with a short-term movement cycle.
💎 Currently, it has a corrective cycle up to the green box, which has moved downwards in a three-wave step in daily time.
💎 But now it can enter an upward cycle and retest the first supply area after confirming the green box. If confirmed, the area of upward movement can continue to extend to the base of the pattern, which can be checked further.
💎 Therefore, this upward movement can be followed in the form of wave 3 or 3 larger up to the specified areas.
💎 Alternative scenario: If the green box area is broken, this correction can be a combination correction that will have the ability to reach the 0.39 range.
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Alikze »» ETH | Rising waveIn the weekly time, it is moving in an ascending channel, which after a complex correction and higher floors has formed a runner zone, which can now complete an ascending wave in the specified area, which is the supply area. Therefore,
🔰 in the first scenario, I expect a correction with the support of the $2,500 area after touching the zone, which can appear more in the form of price, considering that the recent correction was a running zone, and then enter the upward phase.
🔰But the second scenario can break this wave of the region and continue the upward path after the pullback.
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Alikze »» FTM | Corrective wave 2 scenario🔍 Technical analysis: Corrective wave 2 scenario
According to the previous analysis, the phantom currency had an upward structure in the form of wave 3.
💎 In the daily and weekly time frame, this complex combination correction can be a response to the previous upward movement, which can be the confirmation of the wave 2 correction for the next super cycle.
- In the daily time frame, it has been moving in an ascending channel, which is currently out of the channel.
- An AB=CD pattern has had an ascending cycle within the channel.
- Now the complex corrections combined inside a triangle are placed in a density.
- By maintaining the current zone, it can have another attempt to trigger the dynamic range of Fibo 1.272 and the supply zone.
- If it can break the supply area, it can move up to the Fibo area of 1.618.
💎 In addition, if it does not have the ability to stabilize the upper supply range, this pullback to the ascending channel can be an alternative scenario to continue the correction.
💎 Alternative scenario : if the green box breaks down and the price range of 0.58 is broken, the correction can continue and extend up to the range of 0.39.
🛑 Resistance zone: Fibo range 1.272 and 0.8301 - 0.8545
🟩 Support range: 0.6090 - 0.6349
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Alikze »» YGG | Ready to break the PRZ !In 12H time, it is moving in an ascending channel, which has had three reactions to the dynamic trigger or the bottom of the channel so far.
💎 Therefore, this trigger or ascending channel can be considered valid. However, it has had two negative reactions at the ceiling of the channel in the resistance range, which has not been able to stabilize above this channel, which has led to two fake breaks and has faced supply and selling pressure.
💎 Finally, it formed a double ceiling in the ceiling of the channel, after which it encountered a zigzag correction and reacted positively to the trigger in the green box range.
💎 The first scenario: but it is currently in the PRZ1 range, if it can stabilize above it, it can rise to the PRZ2 area, which also has an FVG gap.
💎 Alternative scenario: But if this area does not have the ability, the alternative scenario is to retest the channel floor, and if it is lost, it can continue to the next node of the green box area.
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Alikze »» YFI | Corrective C waveAccording to the previously presented analysis, after exiting the downward channel and pulling back to it, it grew by more than 55% to the specified range. After that, there was a three-wave correction up to the green box range. Currently, two behavioral scenarios can be considered to continue its path.
💎 First scenario: in case of the inability to penetrate and stabilize above 7660, it can continue the corrective movement until the origin of the movement of the OB range.
💎 Second scenario: If it penetrates and stabilizes above 7660, it can continue to grow up to the previous supply area and then it can have its own growth up to the previous ceiling.
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Alikze »» IO | Short -running channel🔍 Technical analysis: Short -running channel
- The one -hour frame is moving after a modification in a short ascending channel.
- In the middle of the canal and in the area of resistance density.
- If it can be located above the area, it can have up to 6.25 channel ceiling and can grow with the middle of the canal to the supply area if the reaction.
💎 Alternative scenario: If it fails to break the resistance range and face the channel failure, it can modify the green box after the money.
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Alikze »» DOGE | Ready to defeat the PRZ zoneAccording to the previous analysis in the currency post that was mentioned, it faced a negative reaction in the second PRZ area and corrected according to the movement path to the specified areas.
💎 But now, due to returning from the specified area, it has attacked PRZ again with a good momentum.
💎 Therefore, this return wave can break the area for the next target, which is the supply area, if it can return in the specified area.
💎 In addition, if this pattern is completed, it can form a data valley, which can continue the path according to the previous post after completing the last log.
💎 Alternative scenario: in case of a break, the green box area can continue to be modified until the next area, which should be reviewed and updated again.
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Alikze »» LPT | Pullback to the broken ceiling🔍 Technical analysis: Pullback to the broken ceiling
- In the 4H, 8H time frames, it is moving in an ascending channel.
- It is currently in the middle of the channel above the green support box area.
If it stabilizes above this area, it can continue up to the supply area and the ceiling of the growth channel.
💎 Alternative scenario: If the green box is broken, it can have a correction to the bottom of the channel with targets of 20.36 and then 18.75.
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Copper Finds Support at Key Tech LevelsAfter hitting record highs in May, Copper has pulled back and heads towards a losing month, challenging critical tech levels. It has slipped below the EMA200 (black line), into the daily Ichimoku cloud and tests the 38.2% Fibonacci of the advance fromthe 2022 lows. This exposes it to 4.196, but sustained weakness does not look easy, technically nor fundamentally.
Copper already defends the pivotal 38.2% Fibonacci and tries to reclaim the EMA200. Successful effort would reaffirm the bullish bias and create prospects for new all-time highs (5.200). The favorable supply-demand dynamics also point to further upside. The market has tightened significantly as key miners lower their activity this year, while consumption is boosted by the AI boom and the clean energy transition.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider . You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (trading as “FXCM” or “FXCM EU”), previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider . You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763). Please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this video are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed via FXCM`s website:
Stratos Markets Limited clients please see: www.fxcm.com
Stratos Europe Ltd clients please see: www.fxcm.com
Stratos Trading Pty. Limited clients please see: www.fxcm.com
Stratos Global LLC clients please see: www.fxcm.com
Past Performance is not an indicator of future results.