Supply_and_demand
Sell NZDUSD Triangle BreakoutThe NZD/USD pair on the M30 timeframe presents a potential selling opportunity due to a downward breakout from a symmetrical triangle pattern.
Key Points:
Triangle Breakout: The price has been trading within a triangle pattern, characterized by converging upper and lower trendlines. This pattern can indicate a period of consolidation before a breakout in either direction.
Sell Entry: Consider entering a short position around the current price of 0.6187, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels: Initial bearish targets lie at the previous support levels 0.6150 and 0.6130.
Stop-Loss: To manage risk, place a stop-loss order above the broken resistance line of the triangle, ideally around 0.6215. This helps limit potential losses if the price reverses and breaks back upwards.
Thank you
USDJPY | Market outlookIn the absence of significant economic releases, the movement of the yen is generally driven by external factors. It is worth noting the latest comments of the new head of the Bank of Japan, Kazuo Ueda. Today, speaking in parliament, he said that the regulator will continue to achieve the central bank's inflation target of 2.0%, easing monetary policy, even though this may take a considerable time. Ueda also stressed the need for Japanese firms to increase investment in human capital, saying that economic growth should lead to higher wages and keep inflation rising. In general, these comments disappointed market participants, who are counting on the fact that the new chairman of the regulator will change the course of his predecessors, give up control of the bond yield curve and start raising interest rates.
Alikze → TIA | Pullback to broken structure After touching the target of the previous analysis, it is moving in an upward channel at time h8, it seems to be pulling back to the broken structure. If the 18.75 range is not broken and we see a return candle, it will have the ability to break the current supply area for the 21.85 and 23.44 targets.
Otherwise, it will correct up to the specified demand range.
🟩Sup: 18.75
⛳️Tp1: 21.85
⛳️ Tp2 :23.44
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Alikze => SUI | Reverse head and shoulders patternAccording to the previous analysis, after reaching the final target and after the last attempt to break the resistance, a head and shoulders pattern was formed, whose dynamic trigger and neck line were also broken, which can continue the correction to the first support area after the pullback is completed.
Reverse head and shoulders pattern
🛑Resistance: 1.7580
⛳️Tp 1:1.5625 1.5137
⛳️ Tp2 : 1.4648
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Alikze => OCEAN | Pullback to the broken supply areaIn the weekly time, due to the strong failure of the supply zone and also the dynamic trigger, it is in an important resistance zone to continue the path. Therefore, if the pullback is completed to the specified area and its confirmation, it will have the ability to continue to the supply area of the previous major ceiling.
Note: If the current supply area is broken and the pullback will touch the previous major ceiling.
🟩Sup: 0.39 and green box
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Alikze => CHZ| The scenario of wave 3 ascending or CAfter several short-term analyzes regarding the CHZ currency, this time we will examine the currency in the long term. In the weekly time, it is moving in a descending channel, which has made a zigzag correction in the form of wave 2 correction with the bottom of the 50% Fibo range. It is currently in wave 3 of 3. At the moment, it has returned 100% of the wave, which will have the ability to grow up to the ranges of 0.17 and then 0.195. The most important resistance area to continue climbing up to the 0.78 Fibo range and also 0.34 cents is the 0.19 resistance. I will go into detail in the daily analysis and lower time frames.
Support areas: 0.1220 and green box
In addition, considering that it is big in wave 3 or C, for the long-term goal, it has the ability to return to the 100% Fibo wave in the range of $14.
🟩Sup: 0.1220 and green box
⛳️Tp 1:0.17
⛳️ Tp2 : 0.195
⛳️ Tp3 : 0.34
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Sell EURJPY Channel Breakout The EUR/JPY pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a bullish channel pattern. This suggests a shift in momentum towards the downside and a higher likelihood of further declines in the coming minutes or hours.
Key Points:
Sell Entry: Consider entering a short position around the current price of 162.85, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels: Initial bearish targets lie at the previous support levels within the channel, now acting as potential resistance zones: 162.04 and 161.54. Further downside targets could be determined using other technical analysis methods like Fibonacci retracements or extensions.
Stop-Loss: To manage risk, place a stop-loss order above the broken channel support line at 163.35. This helps limit potential losses if the price reverses and breaks back upwards.
Thank you
Alikze → #MAV | The bottom of the ascending channelAfter touching the target, according to the analysis of the previous post ( here ), it is currently moving in an upward channel, which is placed on the support of the previous ceiling and also at the bottom of the channel. If it registers a green candle above 65 cents and exits the corner of concentration, the first target of that supply zone will be the range of 78 cents, and then, if the supply zone breaks, its next target will be 87 cents.
🟩Sup: 0.65
⛳️Tp 1:0.78
⛳️ Tp2 :0.87
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Sell GBPNZD Bearish ChannelThe GBP/NZD pair on the M30 timeframe presents a potential selling opportunity due to a well-defined bearish channel pattern. This pattern suggests ongoing selling pressure and a higher likelihood of further declines in the coming minutes or hours.
Key Points:
Bearish Channel: The price has been trading within a descending channel characterized by two falling lines: a falling resistance line and a falling support line. This ongoing downtrend signals continued selling pressure.
Sell Entry: Consider entering a short position around the current price of 2.0420, positioned close to the channel resistance. This offers an entry point near a potential reversal zone.
Target Levels: Initial bearish targets lie at the support levels of 2.0335 and 2.0285, marking previous support zones within the channel.
Stop-Loss: To manage risk, place a stop-loss order above the broken channel resistance line at 2.0480 This helps limit potential losses if the trend unexpectedly reverses.
Alikze → #OP | Pullback to broken resistance In time h1, after the failure of the resistance, which has now turned into support, and in dealing with the dynamic trigger, which has had a positive reaction several times and caused the price to grow. Now it is approaching the dynamic trigger as well as the support area. Therefore, if the current area encounters a reversal candle, it will have the ability to grow to the next supply and resistance area.
In addition, if the range of the green box is broken, at least correction up to 3.50 can be imagined.
If the behavior and structure of the currency changes, the post will be updated.
🟩Sup: 3.70
⛳️Tp 3.90
⛳️ Tp2 :3.95
⛳️ Tp3 : 4.10
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Natural Gas Major Trend Reversal SetupToday we use our TrendCloud Reversal signals to set up a beautiful trade on Natural Gas and also take a Trend Following trade on Platinum.
If you want to trade the same type of setups then feel free to click the link in my profile and take advantage of this working trade plan that is making money in 2024.
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Chris Juliano
Alikze → INJ | Support range $34In time H4, after supporting in the green box range and escaping from the corner pattern, it managed to rise to the first supply area. If it stabilizes above the 34.35 range and the candlestick confirms the return, it will be able to continue the path to the next supply range. Otherwise, it will correct up to the limit of the OB.
🟩Sup: 34.35$
⛳️Tp 35.94
⛳️ Tp2 :38.28~39
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BITCOIN|Does the BULLISH trend continue?Bitcoin chart in 4 hours time frame.
In the previous analysis, we saw that there was a significant upward movement in the area of demand that we considered.
I hope you have used this opportunity well.
Currently, Bitcoin is strongly bullish and there are no signs of weakness in the trend, so we should look for more suitable places, areas of valid demand to enter buying positions.
As you can see, Bitcoin had an initial correction up to $46,600, but it came back with demand and is currently trading in the range of $48,300! Until this moment, we have not seen a strong negative reaction from Bitcoin, and this means that the power of the Bulls is still high!
The demand ranges are ($44,900 to $45,500), ($42,800 to $43,300)respectively! In case of an upward trend, its mid-term targets are $50,500 and $52,700 , respectively!
Buy EURJPY Channel BreakoutThe EUR/JPY pair on the M30 timeframe displays a potential buying opportunity due to a recent upward breakout from a channel pattern.
Buy Entry: Consider entering a long position around the current price of 161.70, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels: Initial bullish targets lie at the previous resistance levels within the channel, now acting as potential support zones: 162.04 and 162.30. Further upside targets could be determined using other technical analysis methods like Fibonacci retracements or extensions.
Stop-Loss: To manage risk, place a stop-loss order below the broken channel resistance line, ideally around 161.10. This helps limit potential losses if the price reverses and breaks back down.
Thank you
XMR LIMIT ORDERBYBIT:XMRUSDT.P
Goodmorning everyone, this morning I've been looking at the charts and to me XMRUSDT has made its bottom so that brings me to add a limit order on the last swing down to try catch the actual re-test. This is all depending on BTC at the moment as its just striking through the air and this could pop before it comes down although it's not too far off, I am confident we can grab this one for DAY TRADE 026.
LIMIT - 109.94
SL - 99.88
TP - 160.19
Thanks guys.
BUY EURJPY Bullish Channel PatternThe EUR/JPY pair on the M30 timeframe displays a potential buying opportunity due to a well-defined bullish channel pattern. This pattern suggests ongoing buying pressure and a higher likelihood of further advances in the coming minutes or hours.
Key Points:
Bullish Channel: The price has been trading within an upward-sloping channel characterized by two converging lines: a rising support line and a rising resistance line. This ongoing uptrend signals continued buying pressure.
Buy Entry: Consider entering a long position around the current price of 161.50, positioned close to the channel support. This offers an entry point near a potential continuation of the upward move.
Target Levels: Initial bullish targets lie at the resistance levels of 162.02 and 162.35, marking previous resistance zones within the channel.
Stop-Loss: To manage risk, place a stop-loss order below the support line of the broken channel at 161.00. This helps limit potential losses if the price reverses and breaks back down.
Thank you
Alikze → USDJPY | Break trigger lineIn time H4 and H8, it is moving in an ascending channel. After the failure of the dynamic trigger, it reached the supply area. Two movement scenarios can be considered for it. In case of a pullback to the trigger line and the bottom of the channel and the failure of the supply zone, it will rise to the next zone. And the second scenario is that after the failure of the current supply zone and the pullback, it will move to its own upward path to the next supply zone.
🟩Sup: 148 Unit
⛳️Tp1: 150 Unit
⛳️ Tp2 :151.355~151.640
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DAY TRADE 024BYBIT:AUCTIONUSDT.P
Hey guys, so keeping it simple as always... have spot for a limit on what I call a crater (because I believe this game is run by your own rules) from now on i will be setting most of my trades at a 5:1 to gain better consistency as i believe tweaking your structure in minor ways can have major affects on your performance. we are in a bull market so longing is the only option for me right now. where my limit is set is where the volume is booming the most as you can see with the volume profile indicator.
LIMIT - 24.148
STOP LOSS - 22.366
TAKE PROFIT - 33.052
🟢🟢 (EURUSD pullback momentum technical support 💪💡Hello traders what do you think about eurusd) FX:EURUSD
Technical analysis 🟢
EURUSD pullback resistance levels 1.10000 eurusd bullsh momentum technical support Arya 1.07500 breakdown fullback Up long )🟢
Long signals 🟢 FX:EURUSD
Safe trade ❤🙏 pales like ❣️ and comments your support 💪 follow for next analysis 😀