GBPJPY, Double top with Bearish DivergenceRejected From Resistance
Double Top Formation
Bearish Divergence
Sell entry @ CMP
Target 198.27
SL above Double TOP
Support and Resistance
GOLD Outlook: 07-NOV-2024Good morning, traders! Welcome to today's GOLD market analysis. Compare my price action insights with your own charts and enhance your trading skills.
Nasdaq Outlook: 07-NOV-2024Good morning, traders! Welcome to today's Nasdaq market analysis. Compare my price action insights with your own charts and enhance your trading skills.
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GBPAUD: Massive Breakout ConfirmedGBPAUD is remains under significant downward pressure.
This is due to the breach of a strong upward trend line on the 4-hour chart and a wide demand zone.
The broken structures have formed an expanding supply zone.
It is anticipated that the currency pair will continue to decline towards the next minor support level at 1.9440.
USDCHF, Double top with Bearish DivergenceDouble Top Formation
Bearish Divergence
Bearish Activity Expected
Sell at CMP
Target towards its Major resistance
SL above double top
GBPUSD, Inverted Head and Shoulder with Bullish DivergenceInverted head and shoulder formation
Bullish Divergence
Expected Bullish move
Buy at CMP
Target towards previous High
SL below right shoulder
GT eyes on $8 major support: if it has a bottom, this may be it GT has been in a down trend for some time.
Currently testing a major support vigorously.
Possible Inverse-Head-n-Shoulders in progress.
I know nothing about Goodyear nor tire industry.
Is it a "has been" that can't make tires anymore?
If it HAS a bottom, then this be make a good one.
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EUR/USD OUTLOOKIn this analyze we are analyzing weekly time frame for EUR/USD. In weekly time frame price create a big consolidation move, So I'm looking for buy opportunity when price come into our zone. Let's delve deeper into these levels and potential outcomes.
Always use stoploss for your trade.
Use proper money management and risk to reward ratio.
#EURUSD 1W Technical Analyze Expected Move.
Grass: New kinda high! I'm bullish on if it can stay above 2.40.
TP on my triangle trade, now is the wave going to extend?
PA has broke above and flipped level Identified on the last charts and has been following the bullish path.
The count is a bit sus to me so looking for some clarity. But, it looks like a nice pretty triangle to a break up. Need it to hold the2.40 level and give us a wave 4 and 5 here to be sure. Break down, watching the lower levels.
Updates on EURUSD continue to unfoldElection results are clear and already priced in.
But the important news for the week isn’t over yet.
Today, the FED will announce if it will lower interest rates again.
The announcement is during the US session, followed by the press conference 30 minutes later.
Watch for yesterday’s momentum to continue and a move towards 1,0616!
Pulse of an Asset via Fibonacci: DAL Golden Genesis double top? This Concept is part of my study of Fibonacci Ratios applied to Assets.
This Chart captures the life of Delta Airlines ruled by the Golden Ratio.
This Post is to alert of possible double top and a reason for the last top.
The growth of anything in nature is choreographed by the Golden Ratio.
The growth of value or popularity of an asset is regulated by the same.
Imagine: "Each person that bought this, told on average 1.618 others".
The human collective as a whole must abide by the Golden Ratio.
The previous top was the top only because of the Golden Multiple.
The entire world is now very aware of this level, even the fib-blind.
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Part of my Idea series collecting samples of my Methodology: (click links)
Chapter 1: Introduction and numerous Examples
Chapter 2: Detailed views and Wave Analysis
Chapter 3: The Dreaded 9.618: Murderer of Moves
Chapter 4: Impulse Redux: Return to Birth place
Chapter 5: Golden Growth: Parabolic Expansions <= Current Example
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Ordered Chaos
every Wave is born from Impulse,
like a Pebble into Water.
every Pebble bears its own Ripples,
gilded of Ratio Golden.
every Ripple behaves as its forerunner,
setting the Pulse.
each line Gains its Gravity.
each line Tried and Tested.
each line Poised to Reflect.
every Asset Class behaves this way.
every Time Frame displays its ripples.
every Brain Chord rings these rhythms.
He who Understands will be Humble.
He who Grasps will observe the Order.
He who Ignores will behold only Chaos.
Ordered Chaos
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want to Learn a little More?
can you Spend a few Moments?
click the Links under Related.
SUPPORT AND RESISTANCEHere we are analyzing 2H time frame for finding the upcoming move in USDCHF price. Today I'm looking sell opportunity on the basis of support and resistance combine with price action. After confirmation we will execute our trade. Let's delve deeper into these levels and potential outcomes.
Always use stoploss for your trade.
Always use proper money management and proper risk to reward ratio.
#USDCHF 2H Technical Analyze Expected Move.
Price can drop down to 1.378 , but..theres is FOMC meeting tonigh, the cut is expected so lets see how it will affect the price. There can be some short term spike up, but I think Dollar needs pullback
You are very welcome to comment with your thoughts, share your charts or questions about COT or how I came to this setup. Just comment below, I like any constructive discussion.
If we get the confirmation, I will be looking to position myself with my students and followers as highlighted on the chart.
Accumulation / Manipulation / Distribution
- No liquidity raid = No trade
- Never buy high and never sell low
“Adapt what is useful, reject what is useless, and add what is specifically your own.”
Dave FX Hunter ⚔
EURAUD - Look for Continuation Long (SWING) 1:2!The price is forming a reversal continuation pattern on the HTF, yet it’s creating a new low, indicating an opportunity to follow the LTF trend. This is due to a correction towards the nearest support before continuing along the major trend toward the next demand and key support level.
Disclaimer:
This is simply my personal technical analysis, and you're free to consider it as a reference or disregard it. No obligation! Emphasizing the importance of proper risk management—it can make a significant difference. Wishing you a successful and happy trading experience!
XAUUSD - GOLD - Scalping Mode! 4th NovLet's see what the market has to offer.
Disclaimer:
This is simply my personal technical analysis, and you're free to consider it as a reference or disregard it. No obligation! Emphasizing the importance of proper risk management—it can make a significant difference. Wishing you a successful and happy trading experience!
GBPUSD InsightHello, subscribers!
Please feel free to share your personal thoughts in the comments, and don't forget to like and subscribe!
Key Points
- U.S. election concluded with Trump’s victory
- Anticipated dollar strength due to Trump’s policies on corporate tax cuts, regulatory easing, and tariff implementation
- Japan’s Chief Cabinet Secretary Yoshimasa Hayashi stated that they are closely monitoring foreign exchange movements, including speculative actions
- Christine Lagarde, ECB President, warned that heightened trade barriers, tariffs, or obstacles could negatively impact open economies like the Eurozone
- Bitcoin surged by 9.8%
- Dollar Index surpassed 105 points
Key Economic Schedule
- November 7: Bank of England rate decision
- November 8: FOMC meeting results announcement
GBP/USD Chart Analysis
With Trump’s victory, the dollar has strengthened. A short-term continuation of this dollar strength is expected, especially with the BOE and Fed rate decisions remaining in the final two days of the week, which could act as variables. Currently, the GBP/USD chart suggests a likely decline toward the 1.26000 level, followed by a potential rebound to 1.34000.
However, if unforeseen factors cause the 1.26000 level to break, it would signal a trend shift, prompting the need for a quick revision of our strategy.
VQS LONG Not often I'm reviewing charts and happen upon a Monthly CCI cross. Purely point this one out as a possible cycle change. I am monitoring on a 4hr CCI alarm, may buy a little as the daily MA's are facing up with a bit of headroom before resistance. Will keep it updated if i enter.
AUD/JPY swept higher in red waveWednesday's risk-on session played nicely for AUD/JPY bulls thanks to a broadly weaker yen. We're eyeing a continuation towards 103, although an initial pullback may be preferred depending on which timeframe we look at.
MS
Trade 3: GBP/USD - Short - 6.3 RR RatioLonger Time Frame Analysis - 1hr
1. Clear bearish sentiment
Shorter Time Frame Analysis - 15min
1. AMD price action
2. Head & Shoulder Pattern
Shorter Time Frame Analysis - 5min
1. Shorter EMA cross under Longer EMA at the bearish triangle breakout
Entry:
1. BOS - Head & Shoulders
2. Shorter EMA cross under Longer EMA
3. The candle next to breakout bearish candle closed below the price of breakout candle
Target: Using Support & Resistance of Price Action
T1: 1.28457
SL:
Above breakout base of head & shoulders pattern
*Please let me knows your views and thoughts, they will remind me there's more to learn*
Intraday Trading Setup: Key Support and Sniper Shot Targets Support Level:
The support is currently set at 2659. This level is critical because if the price holds above it, there is potential for upward movement. It's a key point for price stabilization. If the price drops below this level, we need to be cautious and reassess, but the market can still reverse and go higher after testing this zone.
First Target (2662 - Sniper Shot):
The first target I’ve set for today is 2662, which I am calling a sniper shot. This is a very precise level where I expect a possible breakout or a strong reaction. If the price reaches here and holds, it could signify a continuation of the upward momentum.
Second Target (2668 - Sniper Shot):
If 2662 is cleared, the next potential target is 2668, another sniper shot level. This is the next critical resistance zone where price action could struggle before breaking through or pulling back. If the market breaks this level, it strengthens the bullish outlook.
Third Target (2672 - Sniper Shot):
The final target for today is 2672, which is my third sniper shot level. This represents a strong resistance point where profit-taking or a significant reversal could happen. If we reach 2672 with strong momentum, the market might continue even higher, but it could also face resistance and retrace.
If Support Breaks (2659):
Even if the support at 2659 is broken and the price dips below, there’s still the potential for an upward movement afterward. The market can often retest lower levels before reversing back up. So, even if there's a temporary break of support, watch for signs of price reversal or consolidation, as the bulls may regain control.
In Summary:
Support Level: 2659 (Critical Zone)
First Target: 2662 (Sniper Shot)
Second Target: 2668 (Sniper Shot)
Third Target: 2672 (Sniper Shot)
Even if the price breaks support at 2659, there is still potential for a reversal and a move higher. Always monitor the price action closely to make adjustments as needed.
Polkadot at the base, watch for bounceHello everyone,
here is a very simple and clean chart of DOT/USDT.
Reasons I am bullish on it:
1) DOT is at its base (4 USDT), a strong support from Sept 2020.
2) DOT respects weekly EMA (10) - when price is below, it is bearish. Alternatively, when price is above, it is bullish.
3) Last bull run in 2021 - once it crossed 10 weekly EMA, it went parabolic making a 10x gain.
4) It just made a double bottom. Last time it was at this price about a year ago it went on a 2,5x run.
5) Volume shows that it has been in accumulation for the last year.
6) BTC made ATH, altcoins will most likely follow. Not all will reach new ATHs but if you enter a trade at the bottom, you do not need an ATH to make an excellent profit.
Trade idea:
Since price action is still below 10 EMA it is technically still bearish. I have started accumulating, turning small part of my portfolio to DOT.
My approximate TP levels:
- 9 USDT
- 11 USDT
- 18 USDT
- 35 USDT
- 50 USDT
Not a financial advice. Do your own research.
Good luck!
ETH/BTC Weekly - Ascending Trendline Support and Potential RebouThe ETH/BTC weekly chart shows a strong ascending trendline acting as long-term support. ETH/BTC is currently near this support level, where it has historically shown bullish reactions. The recent drop to the trendline suggests a potential bounce, with a green arrow indicating the possible upward trajectory if the trendline holds.
I'm personally considering this level for a potential long position, with a target near 0.08 BTC, aligning with prior resistance. However, if the price closes below the trendline on the weekly chart, I’ll reevaluate this setup for further downside possibilities.
This is my personal trade setup and not financial advice
NZDUSD to turnaround?NZDUSD - 24h expiry
Price action has continued to trend strongly lower and has stalled at the previous support near 0.5925.
We expect a reversal in this move.
Risk/Reward would be poor to call a buy from current levels.
A move through 0.5975 will confirm the bullish momentum.
The measured move target is 0.6025.
We look to Buy at 0.5925 (stop at 0.5893)
Our profit targets will be 0.6005 and 0.6020
Resistance: 0.5975 / 0.6000 / 0.6025
Support: 0.5925 / 0.5900 / 0.5875
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
