When you go to buy, don't show your Silver!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 XAGUSD has been overall bullish, trading within the rising wedge in blue.
Currently, XAGUSD is undergoing a correction phase and it is currently approaching the lower bound of the wedge.
Moreover, it is retesting the previous major high marked in green.
🏹 Thus, the highlighted blue circle is a strong area to look for trend-following buy setups as it is the intersection of the green previous high and lower blue trendline acting as a non-horizontal support.
📚 As per my trading style:
As #SILVER approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Trend
xauusd analysisin the past fee days we can find that xauusd is accumulating in a particular zone of 2325-2332 area. where 2322 is showing a great resistance to the bull and a big zone for bearish reversal.
SO WHAT WILL HAPPEN IF THIS ZONE IS BEEN BROKEN?
See if this zone is broken xauusd will be tested at 2336 and if this is broken xauusd will go through resistance zones at various point including,
2348
2355
2366
2376
2388
2396.
2421.
so eventually this zone can now considered as a pivotal point for the upcoming market movement.
In the alternative scenario what will happen if xauusd again retraces from 2332 area?
it will be falling to the support area as follows<
2312
2306
2295
2282
2282
2267
2240
Both the bearish and bullish speculations have 50:50 chance.
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GOLD to go down +300 PIPShort XAUUSD Trading Position on 30 min timeframe
Initial Take Profit: 2310
SL: 2345.67
Gold shows a possibility of breaking down an ascending channel, where the price has fluctuated just underneath a 4h structure break. It is expected to break the showed trendline and reach the 1h parallel channel's bottom.
Traders should be cautious and monitor key levels of support and resistance, as well as any further bearish signals that may confirm this potential move.
I would be grateful to get your feedback on this idea if you have any opinions to share.
✽↝✔
Esteem your Analysis and seek improvements ⌁
@AbdullahTech ♾
SMART MONEY CONCEPT EXPLAINEDThe Smart Money Concept (SMC) involves understanding the behavior and strategies of institutional investors to inform trading decisions. Within SMC, there are several key components and strategies, including concepts like CHoCH (Change of Character), BOS (Break of Structure), FVG (Fair Value Gap), and others. Here's an in-depth explanation of these concepts:
1. Change of Character (CHoCH)
Definition
CHoCH refers to a significant shift in market sentiment or trend. It's a point where the market changes direction, indicating a potential reversal.
Identification
Higher Highs to Lower Lows (or vice versa): In an uptrend, CHoCH occurs when the market stops making higher highs and starts making lower lows, signaling a possible downtrend.
Volume and Momentum Shifts: Increased volume or momentum in the opposite direction can also indicate a change of character.
Application
Entry/Exit Points: CHoCH helps traders identify potential entry and exit points by signaling when a trend might be reversing.
2. Break of Structure (BOS)
Definition
BOS occurs when the price breaks a significant support or resistance level, indicating a continuation or reversal of the trend.
Identification
Support/Resistance Levels: When price breaks these levels with strong momentum, it signals a BOS.
Swing Highs and Lows: A break above a previous swing high or below a previous swing low is considered a BOS.
Application
Trend Confirmation: BOS helps confirm the direction of the trend, allowing traders to align their trades with the prevailing market direction.
3. Fair Value Gap (FVG)
Definition
FVG represents a price gap left in the market where there was a rapid price movement, often due to high volatility or significant market orders.
Identification
Price Gaps: FVGs are visible as gaps on the price chart where little to no trading occurred.
Imbalance Zones: These are zones where the buying and selling are not balanced, leading to rapid price movement.
Application
Retracement Points: FVGs often act as magnets for price, as the market tends to revisit these gaps to fill them, providing potential retracement or entry points for traders.
4. Other Major Parts of the Smart Money Concept
Liquidity Pools
Definition: Areas in the market where a large number of orders are clustered, typically around key support and resistance levels.
Application: Institutions often target these areas to trigger stop-loss orders, creating liquidity for their trades.
Order Blocks
Definition: Consolidation areas where institutions place large buy or sell orders, creating a base for future price movement.
Identification: These are visible as zones of consolidation on the chart.
Application: Order blocks can act as strong support or resistance levels, providing potential entry or exit points.
Institutional Candles
Definition: Large candlesticks that represent significant institutional activity.
Identification: These candles are usually much larger than the surrounding ones and often occur at key levels.
Application: They signal strong buying or selling interest from institutions, indicating potential future price direction.
Stop Hunts
Definition: The practice where institutions push the price to trigger stop-loss orders placed by retail traders to create liquidity.
Identification: Sudden, sharp price movements towards obvious stop-loss levels.
Application: Recognizing stop hunts can prevent premature exits and provide entry points at better prices.
Market Cycles
Accumulation Phase: Period where smart money is building positions, often characterized by sideways price movement with low volatility.
Mark-Up Phase: After accumulation, the price starts to move upward rapidly as institutions push the market in their favor.
Distribution Phase: Institutions begin to offload their positions, leading to sideways movement with high volatility.
Mark-Down Phase: Following distribution, the price moves downward rapidly as institutions sell off their positions.
Gold possible movewww.tradingview.com
The XAUUSD has developed a symmetrical triangle pattern, with the price surpassing both the upper trend line and the 200-day Moving Average (MA200). The momentum indicator has also climbed above the 100.0 mark, potentially indicating the start of a short-term bullish trend.
Trading Strategy: Consider a buy position for XAUUSD if it breaks out above 2335;
Take Profit (TP): Target a take profit at 2350;
VGX NEW INCREASE VOLUMEVGX shows an unexpected trend increase which could be confirmed in the coming hours.
At this moment is VGX one of the coins that shows extra effect
Trend follow will be below with updates.
SUN Price prediction 2024 - SUN IS GOING TO SHINE AND $0,07 SUN Price Prediction 2024 - Will SUN Shine Bright?
Based on our analysis, SUN could reach an exciting target of $0.07 by the end of this year.
Current Trends
At the start of the year, SUN's trend looks promising and different from previous years. This isn't just about a percentage increase but also about its overall development.
Year 2023 was a red year and 100% not sumllair as the trends of this year.
The year 2024 already made some start trends also to see on chart.
What’s Next for SUN?
We’re keeping a close eye on SUN because it has shown some very interesting movements recently. For 2024, there are several possible targets:
$0.021
$0.025
$0.035
$0.047
The most optimistic target is $0.07, which would be up to a new all-time high (ATH).
Note
Always do your own research. This is not trading advice. The market can be unpredictable.
The market can go for a time stable, it's about the year 2024 this is not short-term update.
Do you have the KEY?Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 KEY has been overall bullish , trading within the rising channel in blue.
Currently, KEY is undergoing a correction phase and it is currently approaching the lower bound of the channel.
Moreover, it is retesting a strong demand zone marked in green.
🏹 Thus, the highlighted blue circle is a strong area to look for trend-following buy setups as it is the intersection of the green demand zone and lower blue trendline acting as a non-horizontal support.
📚 As per my trading style:
As #KEY approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Understanding my SPY Cycle Patterns - Bottom-103This video highlights the Bottom-103 pattern and how price action (support/resistance/rejection) can be used to confirm and execute better trades.
This is something most traders will easily understand as a BOTTOM pattern reflects a possible bullish price trend - except when price rejects this setup and trends downward.
Learn how my SPY cycle patterns can help you become a better trader.
SUN NEW INCREASE VOLUME TO HIGH LEVELSUN looks to enter an important trend increase with the possibility of a break.
Sun has new confirmation since this week and can show more.
We will follow the trend for SUNUSDT.
AUD/USD shortAUD/USD One hour trading report overview
Tickets (EP): 0.6662
Reason: Select the 0.6662 entry point based on the relative strength index (RSI) and wait for favorable opportunities Opportunities exist during market corrections.This setup suggests the best entry point to capture a potential downtrend.
Stop Loss (SL): 0.6711
Rationale: Stop loss is set at 0.6711, calculated using average true range (ATR) data.This strict stop-loss setting is designed to protect the trade from any unexpected upside, thereby minimizing potential losses.
Take Profit (TP): 0.6601
Reason: Take profit level is set at 0.6601 The strategic goal is to maintain reasonable profits when the price is close to the previous support level and to ensure reasonable profits when the price pulls back.
Profit on this trade: 61pips (610usd/lot)
Please note that foreign exchange trading involves risks and the analysis provided is based on the information provided. Market conditions can change rapidly, so it is important to stay current and consider implementing risk management strategies. It is crucial to monitor the market closely and adjust your trading strategy accordingly
USDJPY shortUSD/JPY One hour trading report overview
Tickets (EP): 156.86
Reason: Select the 156.86 entry point based on the relative strength index (RSI) and wait for favorable opportunities Opportunities exist during market corrections.This setup suggests the best entry point to capture a potential downtrend.
Stop Loss (SL): 157.44
Rationale: Stop loss is set at 157.44, calculated using average true range (ATR) data.This strict stop-loss setting is designed to protect the trade from any unexpected upside, thereby minimizing potential losses.
Take Profit (TP): 155.77
Reason: Take profit level is set at 155.77 The strategic goal is to maintain reasonable profits when the price is close to the previous support level and to ensure reasonable profits when the price pulls back.
Profit on this trade: 109pips (approximately 1,090usd/lot)
Please note that foreign exchange trading involves risks and the analysis provided is based on the information provided. Market conditions can change rapidly, so it is important to stay current and consider implementing risk management strategies. It is crucial to monitor the market closely and adjust your trading strategy accordingly.
ETH - Bow and Arrow Trade!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 ETH has been overall bullish, trading above the rising trendline marked in blue.
After rejecting the $4,000 - $4,100 resistance zone, ETH is undergoing a correction phase and it is currently hovering around the $3,500 round number.
If the $3,500 is broken downward, a deeper bearish correction towards the $3,100 demand zone would be expected.
🏹 The highlighted blue circle is a strong area to look for trend-following buy setups as it is the intersection of the green demand zone and blue trendline acting as a non-horizontal support.
📚 As per my trading style:
As ETH approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
GBPUSD idea invalidation (idea correction)News pushed the price through the resistance level. Expect a potential retest of around this level (1.28214). If resistance becomes support, the price may continue in the direction of the current prevailing trend. However, if the price breaks this support level with momentum, it may reverse. In that case, we'll wait for a retest of support now become resistance (again), and confirm the reversal by new lower high or lower low.
xauusd analysisOn last monday we have posted a chart analysis major bullish and bearish points of xauusd. And all our targets were hit ✅✅✅✅
BULLISH:
2335 ✅✅✅
2343 ✅✅✅
2347 ✅✅✅
2355 ✅✅✅
2367 ✅✅✅
2376 ✅✅✅
2398
BEARISH;
2321 ✅✅✅
2312 ✅✅✅
2298 ✅✅✅
2287 ✅✅✅
2282
our analysis for monday june 10 2024
as xauusd has fallen around 120 points or 1200 pips from its top of 2388 on friday a possible retracement can be elicited out.
if the support area from 2288-2282 is not breached then xauusd will fly back to 2333 area where it has major resistance
minor resistance are present in 2304 2315 2321
more updates will be posted soon.
please like share and follow us for more market related updates
SPx500 FORECASTOverview:
- Current Price: 5,348.8, down by 0.10% (-5.3 points).
- Price Action: The index has been in a general uptrend, with some recent consolidation near the highs.
Key Observations:
1. Trend:
- The overall trend is bullish with higher highs and higher lows.
- There has been significant upward movement in late May, followed by some consolidation and minor pullbacks in early June.
2. Recent Price Movement:
- After reaching a high around 5356.8, the price has pulled back slightly and is currently consolidating just below this level.
- The consolidation near the highs indicates a potential continuation pattern, suggesting that the market might be gathering strength for another move higher.
3. Bearish and Bullish Levels:
- Resistance: The recent high around 5356.8 is acting as a resistance level. A breakout above this level could signal further bullish momentum.
- Support: The previous swing low around 5280.0 can be considered a key support level. If the price breaks below this level, it could indicate a potential trend reversal or a deeper correction.
4. Volume and Volatility:
- The chart does not show volume, but the recent price action suggests that volatility has been relatively low in the consolidation phase. Traders will likely watch for an increase in volume accompanying a breakout or breakdown to confirm the move.
Potential Scenarios:
1. Bullish Scenario:
- If the price breaks above the resistance at 5356.8 with strong momentum and volume, it could continue the uptrend, targeting new highs.
- In this case, the next psychological levels to watch would be around 5400.0 and 5450.0.
2. Bearish Scenario:
- If the price fails to break the resistance and falls below the recent consolidation low around 5280.0, it could signal the start of a correction.
- In this scenario, the next support levels to watch would be around 5220.0 and 5200.0.
3. Sideways Movement:
- The price could continue to consolidate between 5280.0 and 5356.8, indicating indecision in the market.
- Traders might wait for a decisive breakout or breakdown from this range to determine the next significant move.
Conclusion:
The S&P 500 index is currently in a bullish trend with a consolidation phase near recent highs. A breakout above 5356.8 could continue the uptrend, while a breakdown below 5280.0 might lead to a correction. Traders should watch for volume and momentum to confirm any potential moves.
Key Levels:
Bullish Lines: 5377, 5405
Pivot Point: 5328.5
Bearish Line: 5300, 5251
NAS100 FORECAST
Overview:
- Current Price: 19019, slightly down by 0.11% (-20.2 points).
- Price Action: The index has been in an uptrend since early May, with a recent consolidation phase.
Key Observations:
1. Trend:
- The overall trend is bullish, with higher highs and higher lows forming since early May.
- There was a significant upward movement around mid-May, followed by a correction and another upward push in early June.
2. Recent Price Movement:
- After reaching a high around 19050, the price has pulled back slightly and is currently consolidating just below this level.
- The consolidation near the highs indicates a potential continuation pattern, suggesting that the market might be gathering strength for another move higher.
3. Bearish and Bullish Levels:
- Resistance: The recent high around 19050 is acting as a resistance level. A breakout above this level could signal further bullish momentum.
- Support: The previous swing low around 18600 can be considered a key support level. If the price breaks below this level, it could indicate a potential trend reversal or a deeper correction.
4. Volume and Volatility:
- The chart does not show volume, but the recent price action suggests that volatility has been relatively low in the consolidation phase. Traders will likely watch for an increase in volume accompanying a breakout or breakdown to confirm the move.
Potential Scenarios:
1. Bullish Scenario:
- If the price breaks above the resistance at 19050 with strong momentum and volume, it could continue the uptrend, targeting new highs.
- In this case, the next psychological levels to watch would be around 19100 and 19200.
2. Bearish Scenario:
- If the price fails to break the resistance and falls below the recent consolidation low around 18900, it could signal the start of a correction.
- In this scenario, the next support levels to watch would be around 18700 and 18600.
3. Sideways Movement:
- The price could continue to consolidate between 18900 and 19050, indicating indecision in the market.
- Traders might wait for a decisive breakout or breakdown from this range to determine the next significant move.
Conclusion:
The US NASDAQ 100 index is currently in a bullish trend with a consolidation phase near recent highs. A breakout above 19050 could continue the uptrend, while a breakdown below 18900 might lead to a correction. Traders should watch for volume and momentum to confirm any potential moves.