Trend Analysis
MPW- About TImeMPW has been taking its swwwweeeetttt time overlapping and making lower lows
This is absolutely related to that insane borrow fee and the shorting taking place
But as with everything else, all things must come to an end :)
Shorts are about to get wrecked for the next couple months most likely
This should fly right along with the other stuff that squeezes from now throughout the summer
I'll most likely end up making this part of my "Squeeze Me" series
GBPUSD - Bullish Break + Demand ZoneHello traders
GBPUSD broke the daily trendline that was holding it in a downtrend. After this break, GU is looking bullish. But please note that this could be a fakeout.
After this break, price left an fvg on the daily timeframe and a demand zone on the 4H.
This is the daily chart with the breakout
I am looking to take a trade on the demand zone expecting price to go up.
DAX Short 4HGood morning, TradingView friends!
I’m excited to share my latest market forecast with you. This setup uses Fibonacci and psychological levels as our key indicators.
First up, we’re looking at the 21,405 level. It's an important Fibonacci point, and I believe the price will bounce back here, heading towards the trend line. Next, I expect the ascending trend line to hold strong, guiding the price to a crucial psychological and Fibonacci level at 21,500. From there, we might see a 4-hour and daily correction.
For confirming these moves, keep an eye on the lower time frames. A good sign to watch for is an M-pattern with a Lower High on the second leg.
Can't wait to hear your thoughts and keep the conversation going!
Ethereum (ETH): Sellers Have Not Finished / Long Term BullishEthereum is still seeing some pressure from sellers, which gives us an idea that they are not finished yet!
Pressure on the local support zone is big and there is almost no volume at all from buyers, which means most likely we will break.
We are waiting for a proper breakdown and then we should see some buying volume to build up eventually!
Swallow Team
GOLD 1h Okay, let's look at GOLD on the 1h timeframe. So near this zone plot whether it will reject or break. Confluence with the trendline there. Oppa wait if he rejects, Oppa will look to buy again because the trend is still buying. But if he breaks down, you open on the lower timeframe then check if there is a correction then you can look for short term selling opportunities. Okay?
Another leg down before alt season begins?If we look at the TOTAL 3 chart, you can see that we've just formed a double top. I lean towards one more leg down here that plays out towards the second half of February and potentially into March.
I think price has the potential to get down to the 630B support, but can start scaling in around 775B.
Many alts still look like they have another 50% lower to go before the look good to buy and hold.
E.N.D DogeCoin ?good morning everyone, as you can see in my DOGE chart. right now, we already break the bear blag pattern and we will going down to 0,2 (TARGET FULL TP).. I don't see any reversal pattern and big buy volume at this moment..
but if you see again my DOGE chart, there is support area around 0,30 until 0,31.. if we break the support, 0,2 will coming soon.
Wdyt ?
#DYOR
EURUSD - JANUARY 27, 2025Right now, I’m expecting price to react from the 1.04699 zone, which is an important area on my chart. If price shows signs of bouncing from this level on the 5-minute chart, I’ll be looking for opportunities to go long (buy) targeting the Daily high.
What Happens If Price Doesn't Hold?
If price doesn't hold at 1.04699, I’ll shift my focus to looking for short (sell) opportunities down to the 1.04200 zone. This area is interesting because it lines up with several important technical factors:
A 15-minute Breaker Block, which is a level where price has reacted before.
A 15-minute Fair Value Gap (FVG), which represents an imbalance in the market.
A 15-minute Order Block (OB), which is a strong area of interest for potential buyers.
Key Things to Keep in Mind:
Now, the 1.04200 zone also lines up with the daily low, which is at 1.04112. This means price might sweep below that level to grab liquidity before moving higher.
If that happens, I’ll be watching the 1.04052 zone, where there’s a 5-minute Order Block that could act as strong support. If I see a bullish shift here, I’ll consider buying with an upside target at the daily high of 1.05211.
XLM - Will XLM Find Strength or Stumble?XLM has been in a downtrend for the past 10 days after rejecting from the 0.618 Fibonacci retracement resistance. The price action shows lower highs and lower lows with no significant volume, signaling a potential continuation of the trend. Let’s identify the key support and resistance zones and possible trade setups.
Support Zone
A strong support zone lies between $0.3725 and $0.3695 based on multiple confluences:
Monthly Level: At $0.3725
Anchored VWAP: From the very low, the VWAP aligns with the monthly level
Fibonacci Retracement: Drawing the fib retracement from the year’s low to the recent high, the 0.75 Fibonacci level lies at $0.3695
Resistance Zone
Key Level: Price data highlights $0.435 as a significant S/R zone
Fibonacci Retracement: The 0.618 Fibonacci retracement from the current wave aligns with the key level
Short Trade Setup
Entry: 0.618 Fibonacci retracement/key level at around $0.435
Stop Loss: Above the previous high
Take Profit: Target the support zone at round $0.3725
Risk-to-Reward (R:R): 4.5
Long Trade Setup (on confirmation)
Entry: Long position between the support zone of $0.3725 and $0.3695
Stop Loss: 3% SL
Take Profit: around 0.39/0.4
Risk-to-Reward (R:R): 2 or better
GBPUSD Swing Trade idea 27-31 Jan-2025Hello Traders.
Following up on the previous post and as promised. This is my expectation on GBPUSD on a HTF.
1. Swing structure is Bearish
*After a Bearish BOS, I can identify premium price for possible short positions targeting the newly created swing low.
*Price is already trading above equilibrium level /50% FIB and the identified POI i consider it a valid POI due to IMB/FVG; LQ, CHOCH & above 50% FIB.
2.Internal structure is Bullish
*Using 15m-3m i would be waiting for MSS to align with swing structure before taking any trades.