Short trade
5min TF Entry
Sideside trade
Pair ZRXXUSDT
Sun 15th Dec 24
3.45 pm
NY Session PM
Entry 5min TF
Entry 0.6146
Profit level 0.5981 (2.68%)
Stop level 0.6176 (0.49%)
RR 5.5
Sellside trade: Based on the narrative of supply and demand
Supply and Demand
[Vienmelodic] GBPUSD 16 Dec 2024 SetupGBPUSD The GBP/USD market structure is still in a downtrend, with no signs of a reversal yet.
I am attempting to open a short position in the supply area with a Risk-to-Reward Ratio (RRR) of 1:3, as shown in the chart image.
SUPER resetSUPER essentially hit my target for the month early and on that wick. I think we get a nice bounce in the prior resistance zone as support. This is a healthy reset and needed for the next leg.
Summary:
Short-term pullback into the zone
First week of Jan likely to enter that circle
Trade Update: EURJPY Short PositionI entered this short trade yesterday after price rejected the strong resistance level at 161.927. Price has moved as expected, and today I’ve secured profits by moving my stop loss to breakeven, making this trade risk-free at a 1:2 risk-to-reward ratio.
Key Notes:
Entry: Resistance rejection at 161.927
Stop Loss: Adjusted to breakeven (Risk-free trade)
Target: Open for further downside potential.
Trade Update: CADJPY Short PositionYesterday, I opened this short position on CADJPY based on a clear resistance level at 108.151. After a strong rejection, price moved down in line with my expectations.
Today, I’ve secured some profits and moved the trade to risk-free at a 2:1 risk-to-reward ratio. My stop loss has been adjusted to breakeven, and I’m monitoring for further downside continuation.
Key Notes:
Entry: Resistance rejection at 108.151
Stop Loss: Breakeven (Risk-free trade)
Target: Still open for further potential downside.
USDCAD OUTLOOKOn the 12 months chart, price shows an impulsive bearish move that took 6 years to complete. In tandem with price action, the bullish correction that is currently active has taken 14 years. Price is yet to contact a fresh long-term supply sitting at 1.544.
On the monthly and weekly charts, the structure is still the same. Price is seeking to contact a short term fresh supply at 1.44.
Once this region is contacted, we are likely to see bearish order flow setting in
GOLD H4 ANALYSISGold Tuched Support Area 2635 From Here We Can Place Buy Positions and set target to 2660
its safe zone for long buy
BANKNIFTYBanknifty levels are based on imbalances
1. gapup 53150 long
2. 53150-52800 trade breakout
3. gapdown 52800 short
NIFTYNifty levels are based on imbalances
1. gapup 24520 long
2. 24520-24450 trade reversal
3. gapdown 24450 short
Nasdaq Futures Correction? Key Zones and StrategiesGet ready to capitalize on Nasdaq futures opportunities this Tuesday, December 17, 2024! 📊 In this detailed analysis, we cover:
✅ Overall Market Trend: Nasdaq remains bullish, but could we see a correction? We highlight critical zones to watch.
📉 Short Strategies: Key areas like 22,185 with precise targets and setups for potential short entries.
📈 Long Opportunities: Scenarios for continuation, including key breakout zones and reactions in liquidity areas.
Learn how to react to price movements, identify high-probability zones, and plan your trades effectively. This video is packed with actionable strategies for both shorts and longs!
🔗 Subscribe to the channel for daily market analysis, proven strategies, and exclusive trading content. Don’t miss it!
DPZ - An excellent buying opportunity?Clearly they're doing something right - with their impending move toward a more tech-sentric NASDAQ and bullish sentiment from fresh investors like Warren Buffet - DPZ is almost too big to fail and food does not get replaced by any emerging sector (at least pizza doesn't) and as the largest pizza chain in the world, they're set up for success and are proving it in their reports.
Technically, as you'll see in the video, we've been setting up very nicely on a HTF for a large-scale breakout and are just digging for some more bulls to sustain a larger move. Within our very controlled white selling algorithm, we are right where we want to be as we build a higher base and we attempt to head for ATH with a stronger base of buyers.
Trade at your level and always do your own analysis - this is just my way of reading the market and sharing some education on how you can do it yourselves irrelevant of the specific stock. You've all seen me be wrong on positions at different times and that's why I'm always managing my risk and preparing my trades for execution at areas that I pre-identify.
Happy Trading all :)
BTC 1h updateNotice how the test level, formed after the breakout, held perfectly, leading to a 1-bar spring. Following the 1-hour spring, an entry point could be spotted on the 5-minute chart.
Reading Price Action to Tell a Chart's (Liquidity) StoryUsing Domino's Pizza in this case I want to show you how simple and practical it is to find important levels and to understand why price is doing what it's doing at a certain level. If we can map out where we are going to have to put a fight, and know why we are going to put up a fight (i.e. buyers or sellers, who needs what to win the fight, who is building liquidity and in control on a certain time frame) --> Then there is no reason why we shouldn't be able to identify solid trade opportunities and take them when they're given. If we are wrong on an analysis (i.e. we lose money on the trade), it's either that you're executing trades on a different time frame than your analysis is telling you to or there is something about your analysis that is wrong or not effective enough.
DPZ Analysis coming next..
Happy Trading :)
Intraday Levels for Nasdaq 100 Futures - 12/17/2024This analysis focuses on the Nasdaq 100 Futures, aiming to identify potential support and resistance levels where the price could experience intraday bounces or trend reversals, as well as zones where the price might potentially break higher or move lower.
Considerations
The range used in this analysis serves only as a reference for broader-level insights.
For intraday operations, it is advisable to utilize a lower timeframe to refine entry and exit points more accurately.
To confirm the validity of these levels, it is essential to evaluate real-time conditions as the price approaches these zones. Factors such as pressure, trading volume, and Order Flow will play a critical role in determining whether these supports hold or are likely to be broken.
Gold Sell Limit OrdersDear traders, please support my ideas with your likes and comments to motivate me to publish more signals and analysis for you.
Best Regards
Navid Nazarian
Gold Buy setupI think this area can be a good one to set an order. Please consider the risk management.
Dear traders, please support my ideas with your likes and comments to motivate me to publish more signals and analysis for you.
Best Regards
Navid Nazarian
Top Reasons to Buy Simon’s Cat Token Meme CoinWelcome to the purr-fect intersection of memes and crypto: Simon’s Cat Token! As we leap into the end of 2024, digital currencies are evolving faster than ever, and among them stands a true contender that combines humour with investment potential. Imagine a world where your love for adorable feline antics can also lead you toward financial gains—sounds enticing, right?
The daily timeframe is trending up. New daily demand levels are being created and respected. A new imbalance is being created. Watch the video below to learn more about Simon’s Cat Meme Coin projections for 2024 and 2025. Let's see if it drops to the new daily imbalance being created at 0.000044.
US30 SWING TRADE IDEA, FOR 16TH, DEC 2024.The Dow Jones Industrial (US30) is technically on an overall uptrend but currently recovering from a short-term downtrend retracement, with possible chances for an entry if an opportunity presents itself.
NB: All ideas are personal and probable Analysis for educational purposes, no accountability will be held if any loss is incurred. trade carefully and responsibly because the markets are risky walk wisely.
GOLD / Pivot Line Ahead FED Rate decision Gold Technical Analysis
The market will move under the key events of the FED Rate and GDP it will be a volatile week for gold.
The price dropped about 250 pip as we mentioned yesterday.
Now should break 2638 by closing 4h candle to be bearish till 2623, Otherwise stability above 2638 will try to touch 2653.
Key Levels:
Pivot Point: 2638
Resistance Levels: 2653, 2665, 2678
Support Levels: 2623, 2612, 2612
previous idea:
GOLD H4 CHART ANALYSISThe Gold Price IS still in Selling Control but We Have To wait For Conformation still it take support from2635/2630
from 2630 we can optin buy positions till 2670 for long
UPDATE ON GBP/USD TRADE FROM SSGBP/USD 1H - As you can see price came to trade down and into the Demand Zone below and has since pushed up breaking structure to the upside and delivering us with the bullishness we predicted.
Price has also given us a second chance to enter in on this market since the break of structure to the upside for those of you who are less pre-emptive and wait for further confirmation, ie the BOS.
This trade is running + 90 pips. (+ 4.4%) 4.4RR
You will notice that after the BOS price then came back down to re-test the are that was initially broken, this is a classic break and re-test trade where price comes to test the area of interest before trading higher.
You will notice that there is an area of Demand that was there ready to be cleared and it was but it also an area of Support that was once acting as an area of Resistance, giving us that classic break and re-test trading opportunity.
Gold Trade SetupGold price was breaking H4 Trendline.
theres a Quasimodo SELL on m5 timeframe Today that works well.
now its retesting very good demand zone.
the idea is buy from demand zone with Take Profits 1:3 RR as shown on the chart image.
XAU/USD 17 December 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bearish.
-> Internal: Bullish.
Analysis/Intraday expectation remains the same as analysis dated 16 December 2024.
Price is clearly unable to target weak internal. This is due to the fact that Daily and Weekly Timeframe remain in bearish pullback phase.
Price Action Analysis:
Technically price is to target weak internal priced at 2,721.420. Price has sweeped liquidity,
for two possible reasons.
1. To assist price to complete bearish pullback phase, react at either discount of internal 50% or H4 demand zone before targeting weak internal high.
2. To assist Daily and H4 TF's to complete bearish pullback phase with price to print a bearish iBOS and target strong internal low priced at 2,536.855.
Intraday Expectation:
Intraday expectation and alternative scenario as per points 1 and 2.
Note:
With the Federal Reserve's dovish stance and persisting geopolitical uncertainties, heightened volatility in Gold is expected to continue. Traders should proceed with caution and adjust risk management strategies in this high-volatility environment.
H4 Chart:
M15 Analysis:
-> Swing: Bearish.
-> Internal: Bearish.
Analysis/Intraday expectation remains the same as analysis dated 16 December 2024.
Price Action Analysis:
Since last analysis dated 13 December 2024, price has printed a double bearish iBOS
Bullish CHoCH has been printed, therefore, we are now trading within an established internal structure.
Intraday Expectation:
Price has tapped in to M15 supply zone. Technically price to target weak internal low priced at 2,643.595.
Note:
With the Federal Reserve maintaining a dovish stance and ongoing geopolitical tensions, volatility in Gold prices is expected to remain elevated. Traders should exercise caution, adjust risk management strategies, and stay prepared for potential price whipsaws in this high-volatility environment.
M15 Chart:
