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XAUUSD Short Setup: Potential Sell Opportunity!We're eyeing a short opportunity on XAUUSD around the $2355-2360 range, where the price is expected to encounter resistance. This level coincides with the Fibonacci 0.50 retracement level, a key trendline test, and upcoming PMI news, suggesting a potential reversal. Heightened geopolitical tensions further support the bearish bias. Stay tuned for detailed analysis and trade insights!#XAUUSD #ForexTrading #ShortSetup #TechnicalAnalysis #GeopoliticalFactors #PMINews
FXOPEN:XAUUSDShort
by goldsniperfxreal
10 EMA strategy ^BEST TREND-FOLLOWING STRATEGY^Welcome! Today, I'm excited to share with you one of the most effective trend-following strategies that is adaptable to any timeframe and asset class ( OANDA:XAUUSD , NSE:NIFTY , FX:USDCHF ), boasting a remarkable risk/reward ratio of up to 1:10. Let's dive right in. As mentioned, this strategy revolves around the Exponential Moving Average (EMA), specifically the 10-period EMA. For those unfamiliar, the EMA places greater emphasis on recent price data compared to a Simple Moving Average (SMA), providing a dynamic view of market trends. When the price on your chart is above the 10 EMA, it signifies a bullish trend; conversely, when the 10 EMA is above the price, it indicates a bearish trend. Let's illustrate with an example: Imagine a bullish trend with four consecutive green candles followed by a red candle. Our entry point occurs when this red candle, the trigger candle, fails to touch the 10 EMA. Subsequently, when a green candle crosses above the high of the trigger candle, we enter the trade. Setting our stop loss (SL) just below the EMA line beneath the trigger candle, we establish our take profit (TP) based on a risk/reward ratio, starting at 1:2 and potentially reaching an impressive 1:10. Trailing the 10 EMA line allows us to stay in the trade longer, albeit experiencing initial stop-loss hits. However, perseverance reveals the strategy's efficacy over time. Now, for short positions, such as during a downtrend characterized by three red candles followed by a green candle, our entry occurs when the low of the green candle is breached by the subsequent red candle. Setting the SL just above the EMA line above the trigger candle and TP based on the risk/reward ratio, we execute the trade. For those interested in trailing stops, there are two options: firstly, trailing along the 10 EMA line; secondly, utilizing the Average True Range (ATR) for algorithmic trading enthusiasts. With this strategy's flexibility and potential for significant returns, it offers traders a robust approach to navigating diverse market conditions. ***Here are 2 examples of Long & Short: Long position in BINANCE:SOLUSDT www.tradingview.com Short in FOREXCOM:EURCAD It's crucial not only to grasp the concept of this strategy but also to put it into practice. 💼 Start by implementing it with small capital or utilize paper trading, which platforms like TradingView offer. 📝 Additionally, don't hesitate to experiment. For instance, try using an 11-period EMA and assess its effectiveness. You might find that it better suits your trading style and objectives. 🧪💡 Remember, trading is a journey of discovery! 🚀 Don't be afraid to explore new strategies and techniques along the way. 🌟 Like (boost), follow, comment, and share this strategy to spread the knowledge and empower fellow traders! 📈🚀👍 For the optimal TradingView experience, upgrade now to unlock the platform's full potential: www.tradingview.com
NASDAQ:TSLAEducation
by smarttrader012
S&P 500 INTRADAY LEVELS FOR 18/03/2024BUY ABOVE - 5124 SL - 5113 TARGETS - 5131,5140,5150 SELL BELOW - 5113 SL - 5124 TARGETS - 5104,5091,5083 NO TRADE ZONE - 5113 to 5124 Previous Day High - 5131 Previous Day Low - 5104 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
SP:SPX
by Jagadheesh_JP
🔥 XAU/USD - More Fall Ahead ? (READ THE CAPTION)By analyzing the gold in the 4-hour time frame, we can see that, as I said, I was monitoring the range of $2034 to $2042 for the SELL position and gold faced a strong growth to $2038 and by entering this supply range it faced heavy selling pressure. and is currently trading in the range of $2033 ! Note that this analysis in the 4-hour time frame is complementary to the previous analysis that was in the daily time frame! All the assumptions of the previous analysis are still valid (Make Sure to Read the previous analysis) ! I hope you have used the most of it! The Previous Analysis Caption was : (Daily TF) As you can see, yesterday the price of gold fell again until $2015 and after that it was able to grow up to about $2029! According to my opinion, gold is far from very attractive ranges for trading, and for the SELL position, the best ranges are between $2034 to $2042 and $2025 to $2056! Personally, I will not have a SELL position on gold until gold reaches those limits! For the BUY position, I am monitoring the ranges of $2002 to $2007, $1997 and $1979 to $1986! I hope this analysis is useful for you! Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
OANDA:XAUUSDShort
by ArmanShabanTrading
9
🔥 XAU/USD - Ready for LONG ? (READ THE CAPTION)By checking the TVC:GOLD chart, we can see that on Friday, with the announcement of the NFP statistics, gold started a heavy fall and was able to correct even up to $2028! After that, it was again accompanied by demand and started to grow, which was as expected because we had observed the important range of $2032 for possible demand! Gold finally managed to grow to 2039.750 and close at this price! Now, for the coming week, I expect that gold will continue to grow by maintaining the support of $2032! If this growth continues, its possible targets will be $2042, $2044, $2047, and $2052, respectively! (After this growth, I expect gold to fall again) Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
OANDA:XAUUSDLong
by ArmanShabanTrading
14
DONT MISS THE BUY Title: Gold Buy Opportunity: Targeting 200 Pips Move with Strategic Entry and Exit Points Description: 📈 Trade Setup: We've identified a promising buying opportunity for Gold with a target range set between 2030-2028. Keep a close eye on the extreme level at 2024-2022, as this marks a critical demand zone. 🎯 Target Profits: Our goal is to capture a 200 pips move, and we've pinpointed a potential H4 pullback around 2048-2050 as an opportune entry point. 📉 Risk Management: To mitigate risks, it's crucial to set stop-loss levels and closely monitor price action. Discipline and adherence to your trading strategy are key. 🔍 Technical Analysis: The analysis indicates a favorable setup, aligning with potential market trends. However, always remain vigilant to market changes and adapt your strategy accordingly. Happy Trading! 🌐📈 #Gold #TradingOpportunity #TechnicalAnalysis #RiskManagement
FOREXCOM:XAUUSD
by sabellaFX