BTC update to: BTC 9:00 UTC-4 18/6/2024 Short TradeHello everyone,
Looks like our trade was delivered even though it took longer than was expected.
So everyone who took the same trade, congrats on your profits!
Aswell, I would point out How after I called for a lower price we went lower by around 1.85%, and How after that we visited the price I expected that is possible to reach for a great Short entry around 66.478$ (not so far from 66.500$) before our move unwind.
With that said, I hope everyone who took the same trade already took some profits off to pay the trader.
Now, to the harder part. And that's How to manage correctly trade if you still left some portion of your Short entry open.
In my opinion, there is still potential to move to Lower prices, but we need to take a close look at how the price will behave around 1M ATH Close price @ 61.375$. If we are able to blast through it, my next expected target would be 58.500$.
On the other hand, if in the upcoming hours price struggles to go lower than 61.3-61.5k$, I would expect it to bounce back a few % and that would be an opportunity to Open New Short trade. -> (around 63.500$ to 64.200$)
I will update further once I get more confirmation about What is more probable to happen next.
Joe
Tradingsignals
EUR/USD Bullish Outlook Following Double Bottom ReactionFollowing our previous analysis, the EUR/USD pair showed a notable reaction to the double bottom pattern we forecasted on Friday. The price bounced off the 1.06800 level, indicating a potential continuation of the bullish impulse.
This movement is further supported by the lack of high-tier data releases from the US economic docket in the second half of the day, which means that the USD's valuation is unlikely to be driven by new economic data. As a result, investors are expected to respond primarily to changes in risk perception.
On Friday, PMI data from the US indicated that business activity continued to expand at a robust pace in June. This data helped the US Dollar (USD) maintain its strength ahead of the weekend, preventing the EUR/USD pair from gaining significant traction.
Given these factors, we anticipate a continuation of the bullish trend for EUR/USD. We will continue to monitor market developments closely and adjust our strategy as necessary to capitalize on this potential upward movement.
BTCUSDT - one n only support for today, holding or not??#BTCUSDT. perfect move as per our last couple of ideas and congratulations to all followers,
now market have one n only area for today that is your most important supporting area 62400
that area can create a massive volume to any side. keep close it.
if market clear that level then it will leads you towards downside further areas which is 60000 and up to 58000
don't be lazy here.
good luck
trade wisely
TRBUSDT - at cutt n reverse area? What's next??#TRBUSDT.. well guys market perfectly hold you area in our perveious idea.
And now we have 91 as major supporting area for now.
Overall 2 areas 91.00 and 105 around
You can check history for 91 market hold it so many times.
So now again keep close that area because If market hold it then again bounce expected
BUT KEEP IN HAND YOUR CUTT N REVERSE BELOW 91
Good luck
Trade wisely
XAUUSD : Gold cools down after strong growthXAU/USD is moving sideways and fluctuating around 2,324 USD/ounce. After a volatile week, the world gold market is expected to stabilize this week with few important new data released. The most awaited information by the market is the core PCE index report expected to be published at the end of the week. This report is expected to create strong volatility in the market, if weaker data could increase the possibility that the Fed will lower interest rates in 2024 and will support the precious metal. On the contrary, "hotter" inflation than expected will cause XAU/USD to fall deeper.
GOLD 1H CHART ROUTE MAP & TRADING PLAN FOR THE WEEK Hey Everyone,
Please see our updated 1h chart levels and targets for the coming week.
We are seeing price between two weighted levels. We have 2330 Goldturn resistance and 2312 support. We will see levels within this range tested side by side until one of the weighted levels break to confirm direction for the next range.
We have 2323 bullish target before an attempt of the challenge of 2330, which will then need an ema5 lock to confirm the range above.
We also have 2312 Goldturn weighted support below that will need ema5 lock to open the range below into the swing range.
We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up.
We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we share every week in the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULLISH TARGETS
2323
2330
EMA5 CROSS AND LOCK ABOVE 2330 WILL OPEN THE FOLLOWING BULLISH TARGET
2339
POTENTIALLY 2349
BEARISH TARGETS
2312
EMA5 CROSS AND LOCK BELOW 2312 WILL OPEN THE SWING RANGE
SWING RANGE
2302 - 2294
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it!
Mr Gold
GoldViewFX
GOLD 4H CHART ROUTE MAP & TRADING PLAN FOR THE WEEK Hey Everyone,
Please see our updated 4h chart levels and targets for the coming week.
The sell off Friday shifted two range and therefore opened a bigger range for corrections and tests.
We have the weighted level above at 2346 holding this range with 2325 and 2337 on the way that will need re-tests to confirm a benchmark correction.
We also have 2313 weighted Goldturn level holding support on this range and will need ema5 lock to open the swing range.
We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up.
We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we share every week in the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULLISH TARGETS
2325
2337
2346
EMA5 CROSS AND LOCK ABOVE 2346 WILL OPEN THE FOLLOWING BULLISH TARGET
2360
EMA5 CROSS AND LOCK ABOVE 2360 WILL OPEN THE FOLLOWING BULLISH TARGET
2376
BEARISH TARGETS
2313
EMA5 CROSS AND LOCK BELOW 2313 WILL OPEN THE SWING RANGE
SWING RANGE
2302 - 2290
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it!
Mr Gold
GoldViewFX
GOLD DAILY CHART UPDATE Hey Everyone,
Please see update on our daily chart structure.
Last week we stated that 2309 support gave the rejection and the perfect bounce heading towards the 2355 open gap.
- This gap was completing perfectly as analysed. No ema5 lock above this level and therefore a rejection here for the drop. We will continue to see price play between 2355 and 2309 until we see a lock confirmation for the next range.
We have marked the charts with the weighted levels and will use them to track the movement up and down confirmed with ema5 cross and lock confirmation.
We will use our smaller timeframe analysis and trading plans to navigate the range in true level to level fashion.
Our long term bias is Bullish and therefore we will continue to use our smaller timeframes to buy dips using our algo generated levels and setups.
Buying dips allows us to safely manage any swings rather then chasing the bull from the top
Please don't forget to like, comment and follow to support us, we really appreciate it!
MR GOLD
XAUUSD TOP AUTHOR
GOLD WEEKLY CHART MID/LONG TERM/RANGE ROUTE MAPHey Everyone,
Please see update on our mid to longer term weekly chart idea.
Last week we advised that although we saw price break out of the channel, ema5 had created the true channel top resistance and that we also have support at 2310 Goldturn above the channel half line. We also advised that although we have a close below 2310, ema5 remains above 2310 providing the support for a bounce heading towards 2356 for a test.
- This test was completed with a 2356 clean HIT!!!!
The channel half line is a crucial level of support on this chart and as long as ema5 remains above the channel half line, we should be able to continue to buy dips. A break and lock below the channel half line will open the range test for the channel bottom.
The levels within the channel will provide the bounces inline with our plans to buy dips in true level to level fashion using our smaller time-frames. Buying dips allows us to safely manage any swings instead of chasing the bull from the top.
Please don't forget to like, comment and follow to support us, we really appreciate it!
MR GOLD
XAUUSD TOP AUTHOR
ALICE — Bearish MACD Crossover + Bear FlagALICE has flashed a bearish MACD crossover on the hourly chart. Based on backtests, the signal is highly reliable for achieving 2% gains.
However, when looking at the chart, ALICE is trading in a bear flag. Therefore, if we see a break of the lower boundary, the price could go much lower since the next resistance is at ~1.05.
Therefore, it might be good to wait for a break to the downside before entering a trade.
Nevertheless, all signs signal more downside potential.
Let me know your thoughts.
#Bitcoin update! 📊 #BTC Descending Broadening Wedge on the Daily Timeframe Chart is Still in Play! 🚀
Bitcoin bulls need to clear the $71.3k Resistance to confirm the breakout. 📈💪
Once the wedge breakout happens, we can expect some good bounce.
In the 4D time frame chart, we are getting extremely close to a massive, volatile move soon!
Stay tuned
GOLD ROUTE MAP & TRADING PLAN UPDATEHey Everyone,
What a chart blowing week we had with our 1H chart idea playing out to true perfection. This chart idea was shared on Sunday for this week and delivered the goods.
We started the week with our retracement range challenged. No lock below the retracement range gave us the bounce clearing 2332 target. This followed with a cross and lock confirmation opening 2343 and 2349. 2343 and 2349 both were hit completing our next set of Bullish targets. We were then left with 2349 lock opening the last target of the range at 2367 precision TP.
- This target was hit today completing the week with a FULL HOUSE!!!!! for a perfect finish before the big sell off- BOOOOOM!!!
EMA5 CROSS AND LOCK ABOVE 2322 WILL OPEN THE FOLLOWING BULLISH TARGET
2343 - DONE
2349 - DONE
EMA5 CROSS AND LOCK ABOVE 2349 WILL OPEN THE FOLLOWING BULLISH TARGET
2367 - DONE
BEARISH TARGETS
2322 - DONE
EMA5 CROSS AND LOCK BELOW 2322 WILL OPEN THE FOLLOWING BEARISH TARGET
2312 - DONE
As always, we will now come back Sunday with our multi time frame analysis, Gold route map and trading plans for the coming week. Please don't forget to like, comment and follow to support us, we really appreciate it!
Have a smashing weekend all!!
Mr Gold
GoldViewFX
GOLD- bull run exhaust ? What's next?#GOLD... Well guys market placed 2365 plus as day high in yesterday.
That is our channel neck line as we discussed in our last idea,
And that is our cut n reverse area as we discussed in our video analysis.
So keep close it if market hold it then drop expected from here.
In case market break that area then selling will invalidate and as I told you above 2365 is your cut n reverse area.
Good luck
Trade wisely
GOLD - if trade in range then expected range. #GOLD.. we guys market perfect move as per our video analysis.
and now we have 2 areas and if market will trade in range then that is your range.
upside we have 2365 66 in hourly chart and downside we have 2358 in hourly chart as well.
no doubt flash services and flash manufacturing PMI data on table but if market will trade in range then these areas is your range area..
until market closed either side.
good luck
trade wisely
Technical Analysis and Trading Plan for Velas (VLX)
Technical Analysis
Velas (VLX) is currently in a descending channel. This pattern suggests a bearish trend in the short term, but there is potential for a bullish reversal if certain conditions are met.
Descending Channel: The price is moving within a downward sloping channel, characterized by lower highs and lower lows. This pattern indicates ongoing selling pressure.
Bullish Divergence: The VMC Cipher B indicator shows a series of bullish divergences, where the price is making lower lows, but the indicator is making higher lows. This often precedes a trend reversal.
RSI and Stochastic Oscillator: Both the RSI and the Stochastic Oscillator are in oversold territory, suggesting that the selling pressure may be exhausted and a rebound could be imminent.
Moreover, the Solana-Velas bridge is part of a broader initiative to improve cross-chain interoperability. This will allow assets to move freely between the two ecosystems, enhancing liquidity and usability across platforms.
Trading Plan for Spot Trading
Given the technical indicators and recent news, here is a potential trading plan for Velas (VLX):
Entry Point: Look for a breakout above the upper boundary of the descending channel with a confirmed bullish divergence. An ideal entry would be around $0.0098 - $0.0100, once the price shows signs of stabilization and reversal.
Take Profit: Target the next significant resistance levels. A reasonable first target would be around $0.0120, with a secondary target at $0.0150 if the bullish momentum continues.
Monitoring News
Keep an eye on updates regarding the Solana-Velas bridge deployment. Positive developments or official announcements about the bridge going live could serve as strong catalysts for upward price movement. Regularly check news outlets and the official Velas and Solana channels for the latest information.
By following this technical analysis and trading plan, you can strategically position yourself to capitalize on potential bullish movements in Velas while managing your risks effectively.
GBPUSD - CPI and only one single area on table.#GBPUSD... As you know guys tomorrow is POUND CPI day and we have one n single area on chart.
That is 1.2670
Keep close that area, it's only area that can change the overall scnerios.
Don't hold your buying positions below that area.
Only buy above that otherwise not at all.
Good luck
Trade wisely
TRBUSDT - single supporting area, holding or not??#TRBUSDT.. well market near to his one of the most important supporting area that is around 77 - 78
You can see in history market very smoothly hold it couple of times.
This time if market hold it again then you can see again bounce from here.
But one thing more is very important that below that level you should cutt n reverse in hand.
Don't be lazy here
Good luck
Trade wisely
Baxter ready to enter Uptrend and reverse Downtrend :)This is very beautiful opportunity. Historically, baxter always had heavy downtrend cycle of 65/70%. Now, Baxter is 68% down. RSI is at its lowest and it created amazing BULLISH DIVERGENCE (see 1M frame). I gave first target and second target, also according time period. I bought shares of Baxter. NO LEVERAGE.
Ps. I advice you NEVER leverage.
NYSE:BAX GETTEX:BTL EUREX:BAXG1!
GOLD(06/20) Short-term uptrend has appearedThe US Dollar (USD) has paused its decline, supported by a risk-averse market environment and a slight increase in US Treasury yields. People's Bank of China (PBOC) keeps Interest unchanged prime lending rate, raising concerns about the lack of policy support to promote economic growth.
Markets are also nervous, awaiting more clarity on the state of the US economy from Thursday's Weekly Jobless Claims and Friday's preliminary business PMI report, which should help traders. Trading evaluates the timing of interest rate cuts by the US Federal Reserve (Fed) in the second half of this year.
If US Housing and Jobless Claims data disappoint and add to renewed dovish bets by the Fed, boosted by weaker-than-expected US Retail Sales data, the Dollar The US dollar could see a renewed selling pressure, creating further basis for Gold price momentum.
After breaking out 2340, gold retreated to the support zone 2333. This is an important support zone and enough to push gold back up to 2340 before the US economic data released today. Gold has formed a clearer uptrend after sideways from the beginning of the week until today.
Support: 2332 - 2325 - 2315 - 2305 - 2300 - 2291 - 2286
Resistance: 2340 - 2344 - 2350 - 2355
SELL price range 2353- 2355 stoploss 2359
BUY price range 2310-2312 stoploss 2307
EURUSD analysis week 27📌EUR/USD continued to slide to Friday's lows, falling to 1.0670 before recovering to 1.0700 during the US market session. Political pressure is weighing on the Euro after a major change in European voter sentiment.
📌On the US side, increasingly negative data is raising concerns about a possible recession, fueled by the results of the University of Michigan (UoM) consumer sentiment survey. worse than expected.
📌The currency pair is trading far away from the EMA 34 and EMA 89, showing that there has been instability in the pair over the past week. The downtrend is clearly established as the key support zone of 1,073 was broken and created a bearish Dow pattern. The pair's narrow trading range was formed at 1,070 and 1,076. When the market fluctuates strongly due to news of important resistance and support areas next week, investors can pay attention to the port areas of 1,061 and 1,080.
Trading signals
BUY EURUSD zone 1.06200-1.06000 SL 1.065800
SELL EURUSD zone 1.08000-1.08200 SL 1.08400
Support: 1.062 - 1.070
Resistance: 1.076 - 1.080
Gold analysis week 27The gold market maintained a steady recovery ahead of the weekend, but the overall trend remains unclear as US consumer confidence continues to decline and inflation expectations remain high. The new divergence between the Fed's interest rate forecast and market expectations could bring some volatility to the gold market in the short term.
China is the main driving force behind the increase in gold prices over the past year, and China's gold purchases have only been assessed as temporary and there has not been any move to show that they have "stopped". could also be a move to avoid paying a record high purchase price. The market will get some preliminary and regional manufacturing data as well as some US housing data next week.
Gold has recovered from the support level of 2,305 - 2,300 USD but in general the recovery momentum is still limited and the downtrend has not been broken yet.
The recovery momentum of gold price is limited by the confluence area of technical point 2,340 in the trendline area which is also the nearest peak, followed by resistance level 2355 where gold breaks the bullish structure,
As long as gold remains below the 34 EMA and 89 EMA, the technical outlook for gold prices remains bearish, while if gold breaks below $2,324 it will have room for more downside with the following target level. That's around $2,305 - $2,300 in the short term. A new bearish cycle is expected to open once gold breaks below the original price of $2,300, and the target level is then 2286 and then 2270.
Support: 2,324 – 2,305 – 2,300 - 2286
Resistance: 2,340 – 2,355