USDJPY / END OF SEPTEMBER AND INTO EARLY OCTOBER - 4HUSDJPY / 4H TIME FRAME
HELLO TRADERS
Current Trend:
Prices dropped by 2.55% yesterday, approaching a key support level at 142.231 , If prices break and stabilize below 142.231, further declines are expected , Currently, prices are trading slightly above 142.232, and stabilizing above this level suggests potential increases of 3.50% and 5.00% , The analysis anticipates a possible upward trend towards the end of September and into early October.
Technical Analysis:
Current Market Condition:
The asset is under bullish pressure , As long as the price remains above 142.231, the bullish momentum is expected to continue.
Upward Condition:
- Target 1: If the price trades above 142.231, it's expected to rise to 147.179.
- Target 2: If the price stabilizes above 147.179, the next target is 149.345.
Downward Condition:
- If the price falls below 142.231 , it suggests a potential decline:
- Target 1: A decline to 139.713.
- Target 2: If it breaks below 139.713, further decline is expected to 137.306.
Supply_and_demand
Will XAUUSD Bounce or Slide?Hello Traders!
Today is going to be a tough day because gold can take a lot of sls today because the position of the market is slightly hard to analyse.
so here we have 3 buying levels and 3 selling levels and theres also a news today which would affect us.
Selling levels:
this will work as if market give respect to any of those level and retest it as resistance then we can consider selling.
1. 2639 - 2642
2. 2653 - 2656
3. 2665 - 2671
Buying levels:
also works same as selling levels
1. 2626 - 2623
2. 2614 - 2611
3. 2605 - 2600
we have to monitor the market when it come to these and watch carefully for any breakouts or retest the support or resistance then we can enter.
supporting by follow and liking would be highly appreciated.
IoTeX | Long Term Profits Plan Hello traders!
There's hype in the air as BTC has moved within a bullish wave even though we are inside a descendant channel point. So, it could either re-test resistance at about 70k again or get back inside the range. So here's an idea to use in the long term for IoTeX
1) Price has been in a range for a long time and within this range best zones to buy would be at: 0.013 - 0.021 these may get re-tested before the bull run so you can set up some price alerts. Or if you feel brave you can enter at 0.031 which is the current monthly support
Verify entry points at lower time frames with the strategy of your choice.
2) TARGETS: The nearest one would be 0.060 - 0.070 but within the range it could go up to 0.10 but if that happens then the range would be broken leading to an uptrend which must coincide with the bull run so before it happens, it will drop heavily so I suggest to TP safely at 0.060 - 0.070 for the time being.
This idea is to spot for the long term. This asset is still in a balanced mode; there hasn't been a breakout of the range yet. However, it's worth noting that there's a bullish triangle pattern on the daily timeframe playing out right now.
I hope you find it useful and are able to take advantage of this idea.
Kina Tip of the Day: Take profits partially even when they don't seem much because, in the long run, they will grow in a balanced way with the rest of the portfolio.
Keep it shiny ⭐
Kina, The Girly Trader
USOIL / UNDER BULLISH PRESSURE - 4HUSOIL / 4H TIME FRAME
HELLO TRADERS
Recent Decline , Prices began to drop at the end of September by 7.12%. This indicates a noticeable downtrend, which could be driven by various market factors.
Support Level at 67.22 , Currently, prices are trading slightly above this key support level. If the price breaks below 67.22, it may trigger a further decline of 9.80%.
Potential for Rebound , If the support level holds, a potential rise could occur. Two potential rise targets are a 3.48% increase and a 6.27% increase, depending on how strong the support level is and whether positive momentum returns.
Technical Analysis:
Current Support Level , The price of USOIL is currently above 67.22. This level serves as a critical support point; if prices remain above this, it suggests bullish sentiment.
Target Range (FVG) , If prices hold above 67.22, the analysis predicts an upward movement toward a Fair Value Gap (FVG) area between 68.73 and 69.48. This implies potential buying interest or liquidity in that range.
Further Resistance , If the price breaks through the FVG area, it could rise further to reach a resistance level at 71.74. This indicates a bullish outlook if the upward momentum continues.
Conversely, if the price drops below 67.22, it suggests a bearish trend, potentially declining to 65.24. This indicates a shift in sentiment from bullish to bearish.
Megaphone - BearishSPY weekly looking interesting heading into the week. Staying hedged with the SPY holding another megaphone. The SPY is being carried by buyer volume with some hidden bearish divergence on the RSI and nearing overbought territory yet again.
With so many sectors and indexes flashing red and a massive bearish cipher on the weekly timeframe as further confirmation, looking forward to playing the downside.
Some FIB levels and RSI-based supply and demand zones to keep an eye on in the meantime (Accompanying Charts Attached Below)
Alikze »» XRP | Rising triangle pattern🔍 Technical analysis: Rising triangle pattern
- It is in the supply zone in the daily time frame.
- An ascending triangle is now formed.
- Therefore, with the support of the 59 cent zone, it will have the ability to break the supply zone.
- After the failure of the supply area, it can continue its growth until the next supply area.
- According to the formation of the incremental triangle pattern, it can grow as much as the height of the triangle up to the area of one dollar.
- Therefore, after the failure of the supply zone and pullback to it, it can climb up to the next supply zone.
💎 Alternative scenario: In addition, if the dynamic trigger zone is broken from the bottom, the bullish scenario will be invalidated.
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$DXY US DOLLAR BULLISH **BIG BOYS BIAS (CFTC COT INDEX REPORT)
>Commercials - Extremely Bullish
>Retailers - Extremely Bearish (Always Wrong)
>Fund Managers are in-trend with the price chart (Trend Followers)
**USD Valuation Against EURO
>We are still in at the Overbought region
Others:
>Price already took the Daily Demand Zone, price is now accumulating and the catalyst for the BULLISH move could be the US FED news and the EURO Inflation Rate news release on Monday.
***As always, trade safe and make sure to do your due diligence when analyzing the charts.***
NZDUSD STILL BEARISH >The New Zealand Dollar had an explosive rally last week, deeply penetrating and ultimately invalidating the highlighted supply zone, indicating the exhaustion of any remaining unfilled orders.
>We can now observe five invalidated supply zones lined up on the chart.
>Above these zones lies a high-quality, fresh supply zone, where significant stop-loss orders and a large volume of sell orders could potentially accumulate in anticipation of the upcoming FED speech on Thursday, which may act as a catalyst for a sharp drop.
>The US Dollar Index remains undervalued (refer to my USD analysis for more insights).
>Given that the NZD is currently overvalued, the price may soon seek reasons to turn bearish. For this to happen, a considerable volume of sell orders will be needed to trigger a downward move.
***As always, trade safe and make sure to do your due diligence when analyzing the charts.***
TSLA SHORT TRADE IDEA**STOCKS VS USD & TREASURY BONDS - Currently Oversold signaling a bearish sentiment. Price would need a reason to for a bearish move and could take the highlighted Supply Zone.
Supply and Demand Analysis:
>Price could take the the daily Supply Zone and the PRICE GAP within the supply zone could get filled.
>Price could fill the Gap before a bearish move and go to the highlighted opposing Demand Zone
***As always, trade safe and make sure to do your due diligence when analyzing the charts.***
GOOG (Google) Short Idea**STOCKS VS USD & TREASURY BONDS - Currently Oversold signaling a bearish sentiment.
Supply and Demand Analysis:
>Price already took the daily Supply Zone but the PRICE GAP is not yet filled.
>Price could fill the Gap first before a bearish move filling orders on multiple price gaps below
***As always, trade safe and make sure to do your due diligence when analyzing the charts.***
GBPUSD BEARISH FOR THIS WEEK **CHECK MY EURUSD ANALYSIS FOR THE CFTC COT REPORT BIAS
CFTC COT Report Bias: BEARISH
**British Pound's value against the Dollar is still at the over-sold region
**Supply and Demand Analysis - Price Is accumulating at Supply Zone #1 and could reach Zupply Zone #2 before the bearish move and could target the opposing demand zones highlighted on the chart.
**Others - the catalyst for the bearish move could be the US FED news release on Monday.
***As always, trade safe and make sure to do your due diligence when analyzing the charts.***
EURUSD STILL BEARISH FOR THIS WEEK**BIG BOYS BIAS (CFTC COT INDEX REPORT)
>Commercials are still long term Bearish
>Retailers are long term Bullish (Always Wrong)
>Fund Managers are Diverging from price chart (Trend Followers)
**EURO Valuation Against USD
>We are still in at the Oversold region
Others:
>Price already took the Daily Supply Zone, price is now accumulating and the catalyst for the bearish move could be the US FED news and the EURO Inflation Rate news release on Monday.
***As always, trade safe and make sure to do your due diligence when analyzing the charts.***
61.69% Probability for Bullish USOIL TP!Key Fundamentals Supporting a Bullish Outlook:
- OPEC+ Production Cuts: OPEC+ has implemented production cuts to stabilize oil prices, which can lead to a tighter supply and potentially higher prices for crude oil.
- Geopolitical Tensions: Ongoing geopolitical issues, particularly in oil-producing regions, can disrupt supply chains, leading to increased prices as markets react to potential shortages.
- Economic Recovery Signals: As global economies continue to recover from the pandemic, demand for oil is expected to rise, further supporting bullish sentiment in the market.
By combining a bullish bias with a probabilistic approach to trading, I aim to position myself advantageously in the market while managing risks effectively.
Feel free to share your thoughts in the comments below!
2W:
2H:
XAUUSD /UNDER TENTIONS THE MIDDLE EAST - 4HXAUUSD / 4H TIME FRAME
HELLO TRADERS
Current Trend:
The price has declined by 1.15% since reaching the ATH , A further decline is anticipated, potentially reaching a 1.80% drop , Despite the decline, the text suggests that there is still upward pressure on the price, indicating a possibility of recovery or resistance against further losses , The author expects that if tensions in the Middle East continue, prices could rise above the ATH by 1.34% in October , This suggests a correlation between geopolitical events and market movements.
Technical Analysis:
Current Market Condition:
The asset is under bullish pressure , As long as the price remains above 2,600$, the bullish momentum is expected to continue.
Upward Condition:
- Target 1: If the price trades above FVG between 2,650$ and 2,636$ , it's expected to rise to 2,686$.
- Target 2: If the price stabilizes above 2,686$, it suggest to reach new resistance level between 2,700$ and 2,721$.
Downward Condition:
- If the price falls below 2,636$ , it suggests a potential decline:
- Target : A decline to 2,600$.
AUDUSD. Medium and short term analysisHello traders and investors!
The price reached the target of the forecast from April.
Some medium-term forecasts take a long time to come to fruition. It creates the impression that medium-term forecasts always come true. You can use the following criterion to consider a forecast fulfilled: ensure that the price does not break the last local extreme before reaching the target. If this condition is met, the forecast can be considered successfully realized. In the April forecast, the last local extreme is point 5 of the sideways range (0.62701).
Weekly Timeframe Analysis
Let me remind you that on the weekly timeframe (TF), a sideways range has been forming since January 2023 (point 4). The lower boundary is 0.61699, and the upper boundary is 0.71577. Formally, the buyer has reached the target of the 5-6 vector (0.69205), and there are no signs of reversal yet. The last two weekly candles show increased volume, with small buying wicks. However, the price is currently in the seller's contextual area (the upper range of the weekly TF sideways movement), but the seller is not utilizing this volume yet.
Daily Timeframe Analysis
On the daily TF, a sideways range has been forming since August 24 (point 4). The lower boundary is 0.63478, and the upper boundary is 0.67985.
The buyer's 4-5 vector has broken through the upper boundary of the range. For three days, the price has been unable to break through the level marking the start of the last seller's sub-impulse on the weekly TF (0.68996). Below, the buyer is defending the breakout of the last sub-impulse seller level on the daily TF (0.68239). For the last two days, the buyer has applied increased volume with no result. On the other hand, the price is in the seller’s contextual area (the upper range of the weekly TF sideways movement), so the seller should be evaluated first—and so far, the seller is absent.
Highlight:
• There are no signs of the seller on either the weekly or daily TFs to justify looking for mid-term sales. A sign of the seller could be a return of the price to the daily TF sideways range and the seller defending that return.
• There is no context for mid-term buys, as the price is in the upper part of the weekly TF range (a seller's contextual area).
2H Timeframe Analysis
For short-term buys or sells, you can use, for example, the 2-hour TF. On this TF, there is a sideways range, with the seller’s 7-8 vector being active and the potential target at 0.68179.
The seller has returned the price to the range (below 0.69081), forming a seller’s zone above (marked by a red rectangle on the chart). Sales can be considered. When selling, monitor the price's movement around 0.6868 and 0.68625.
Purchases can be considered from the lower boundary of the range (0.68144) if the buyer defends it.
Good luck with your trading and investments!
EXPECT POSSIBLE SELL OPPORTUNITY IN GOLD ANYTIME SOON Price has been maintaining a bullish-like structure for quite some time now and in past week, we saw how some bearish momentum set in around the price of 2685.34 this a sign that sellers are around the corner and there’ll be a possible profit taking activity soon. This. Coming week, we’d be monitoring price closely for a time it’ll change from intraday bullish to intraday bearish to take some short-term bearish sentiment .
Alikze »» BAND | Descending channel failure🔍 Technical analysis: Descending channel failure
- It has been moving in a downward channel on the daily time frame.
- It is currently in the supply zone with the breakdown of the descending channel.
- In case of a pullback to the broken structure and maintaining the 1.17 area, it can continue its growth until the next supply area of the 1.75-1.95 range.
In addition, in case of failure of the supply zone of 1.75-1.95 range, the upward movement will continue towards the next supply zone, which can touch the 2.60 range.
💎 Alternative scenario: In addition, if the 1.17 range is broken down, the bullish scenario will be invalidated and can continue the correction up to the 0.97 area.
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BINANCE:BANDUSDT
Alikze »» DOGE | channelized bullish wave 3 scenario🔍 Technical analysis: channelized bullish wave 3 scenario
- Following the analysis of the previous post , Dogecoin managed to experience growth in a downward channel until the ceiling of channel one, after which it entered a short-term correction.
- Currently, it has left the descending channel and is moving in a short-term ascending channel.
- Now it is at the ceiling of the ascending channel, it can meet the demand with the pullback to the broken structure and the middle range of the ascending channel and continue its growth until the supply area.
- According to the current momentum, the rising wave can grow as much as the previous wave or up to 1.618 supply range.
💎 In addition, if the green box is broken, this correction can continue until the origin of the movement and the range of 100 fibo.
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BINANCE:DOGEUSDT
EURUSD / INSIDE STRAIGHT CHANNEL - 4HEURUSD / 4H TIME FRAME
HELLO TRADERS
Current Trend:
Price Movement: The text discusses a decline in prices by 0.87% , Time Frame: It specifies the time period as the end of September and the beginning of October , Subsequent Increase: After the decline, prices increased by 1.38%.
Technical Analysis:
Current Market Condition:
The asset is under bullish pressure , As long as the price remains above 1.107, the bullish momentum is expected to continue.
Upward Condition:
- Target 1: If the price trades above 1.107, it's expected to rise to 1.120.
- Target 2: If the price stabilizes above 1.120, the next target is 1.124.
Downward Condition:
- If the price falls below 1.107, it suggests a potential decline:
- Target 1: A decline to 1.100.
- Target 2: If it breaks below 1.100, further decline is expected to 11.094.
Alikze »» ORDI | Ascending channel - 1D🔍 Technical analysis: Ascending channel - 1D
- In the analysis presented in the previous post , after reaching the ceiling of the channel, selling pressure was encountered, which led to correction up to the green box area.
- There was a demand in the green box area, which has led to the failure of the supply area and neck line.
- Currently, it has exited the daily medium-term descending channel and is currently moving in a short-term ascending channel.
- It is currently in the supply zone, which can continue its growth with a pullback to the broken structure until the next supply zone.
- Short-term goals are 50, 53, 56, 60 dollars. In case of failure of the 53 dollar area, which is the ceiling area of the ascending channel, it can continue its growth until the supply area equal to the width of the channel.
💎 Alternative scenario: In addition, if it faces selling pressure in the supply range and loses the range of 37.5, it can continue the correction up to the green box range of the bottom of the channel.
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BINANCE:ORDIUSDT
EURAUD new bearish expectations after todays EU events
EURAUD strong bearish in last peirods, currently after todays EU events we can see EUR is start weakening more.
Currently price action visible BEARISH FLAG pattern, its breaked and we can see strong momentum.
From here bearish continuation till next zone expecting
TP1: 1.59650
TP2: 1.58650
Alikze »» INJ | Ascending channel - 12H🔍 Technical analysis: Ascending channel - 12H
- In the analysis presented in the previous post , a corrective wave was carried out up to the green box area, which has entered an upward phase in the green box area after the demand.
- Currently, in the 12H time frame, it can have a growth up to the range of $25, which in case of a pullback to the middle of the channel, it will have the ability to continue growing up to the top of the channel.
- If the $25 zone fails, it will have the ability to continue growing up to the supply zone.
💎 Alternative scenario: In addition, if it faces selling pressure in the range of $25 and loses the middle of the channel, it can continue to correct at least up to the Fibo range of 1.618 and the price range of 18.75.
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BINANCE:INJUSDT