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Technincalanalysis

Gold overviewGold has shown a rejection on sell today on american session opening but now it seem like gold is gonna follow its path to the sell side because gold has not broken its 4H trendline and has given a price action candle (Inverted hammer 🔨) over 4H TF which shows a sign of rejetion also 50 SMA also shows us gold is in sell trend in its higher Time frames also gold has achived its 38.2% level of Fibbo on sell side Drop which has broken the trendline previously to the downside also we are a having a major resistance level on this level so we are sell baised currently but if price breaks trendline and price sustains over it we will be buying the yellow mattle
OANDA:XAUUSDShort
by Wakeel_Saab
2
Silver BuyXAGUSD has made a beautiful move downward and now it seems like the bears have got exhausted selling this metal and we could see a daily level Bearish candle which has started with a good momentum to sell and then at the end of the day the Bulls had taken the control back and Pushed it all the way up with a bigh wick rejection also on the 2nd day after bullish push the control remained in the hands of bulls which formed a moroubozu candle with a high bullish momentum now from top to down on H1 we had a support level and a resistance level and marktet is lingering between our zone we will waiting for the metal to reach at Support level and give a bullish price action confirmation so we will be having a buy position other wise we will wait for break out of H1 Support level and short to our daily support level so we are watching this metal keenly any progress will be sighted shared with you guys
OANDA:XAGUSDLong
by Wakeel_Saab
BNB Long Game Plan Hi all This is my BNB Long Game Plan: - Before entering, please watch the Bitcoin price aswell, and check if they are trading the same direction. - Also, this is a RANGE play, a small trade between to clear levels. My general sentiment for the crypto market is very pessimistic, I will be having a close watch if I decide to play this range Here is my detailed Game Plan: - Price needs to stay within range for me to search an entry on this (Between 280 and 300) - Smooth Price Action on entry chart (looking for a daytrade so lower timeframes) - Reclaim of Red line is prerequisite for entry - Push above Red line and and pull back on Red line - Pull back on Red line, hold and reclaim would be entry signal - Target 300 - Stop 280 Please follow me on Tradingview for more trades and ideas.
Long
by TraderCHgold
EURUSD > The Place for Selling Entry!!Friends I hope you are feeling kind and generous today to give the idea the likes and comments it deserves. Analysis on #EURUSD I have warned in my previous analysis which you will find the link to it below this post to be careful from buying the EURUSD as I expected the money will fly to USD, and that's what happened. Now that the pair made the new 2021 low I am and broke its structure support level I am only looking to sell. The plan: >> if the market comes to test its previous support level now turned to resistance level near 1.16800 I will look for sell hiding my SL just above 1.1700, that is if the rules for entry are met Thank you so much for your support. Check today analysis below⠀ >>“ With confidence, you have won before you have started."
by TheTradersAvenue
4
USD/CAD - Consolidation OpportunitiesGreetings Traders! Here's some thoughts of USD/CAD: Since USD/CAD December High at 1.29570 , price has been falling all the way to 1.27000 . From the December High, price has created consistent Lower Highs and is expected to keep falling to the next Support Zone where new Trading Opportunities can be executed. Here's the two possibilities I'm thinking of that could happen at that Support Zone : 1. Price Rejects the Support Zone and Reverses to go Bullish back up. This could mean that it goes back up but won't go all the way to the Resistence Zone, considering that there's a Trendline that Price so far has respected. I would probably get out of the Trade at that Trendline if price doesn't Break. But if it does Break, then I would most likely have my next take profit at the Resistence Zone above. 2. Price Breaks through Support Zone but will Re-Test that area. If the Re-Test turns out to be Bullish and breaks through the area again, then I would go back to my first strategy again and looking for new entries to buy. However, if Price doesn't break the area at Re-Test, then that would be my entry for a sell. Quick tip: Always wait at a Key Area to see what price will be doing. It may Reverse or it may go through , but don't assume something. Look at what actually happens and Trade after that. Looking at the DXY chart ( U.S Dollar Currency Index ), the U.S Dollar has consistently fallen after Biden's Installation. Considering the Federal Open Market Committee ( FOMC ) interest rate decision, means that it may keep the exchange rate under pressure, as the Central Bank looks to be in no rush to scale back its emergency measures. Hopefully this gave you a better understanding of the current USD/CAD situation. Good luck with your trading & I wish you a continued good day!
by TraderEliahs
2