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CHF/JPY continues the downtrendOn CHF/JPY , it's nice to see a strong sell-off from the price of 171.540 and 172.500. It's also encouraging to observe a strong volume area where a lot of contracts are accumulated. I believe that sellers from this area will defend their short positions. When the price returns to this area, strong sellers will push the market down again. Support from the past and high volume cluster are the main reasons for my decision to go short on this trade. Happy trading, Dale
by Trader_Dale
CAD/CHF Resistance with Fair Volume GapOnCAD/CHF , it's nice to see a strong sell-off from the price of 0.63320. It's also encouraging to observe a strong volume area where a lot of contracts are accumulated. I believe that sellers from this area will defend their short positions. When the price returns to this area, strong sellers will push the market down again. Fair Volume GAP (FVG) and high volume cluster are the main reasons for my decision to go short on this trade. Happy trading, Dale
by Trader_Dale
The BANK NIFTY futures chart is signalling critical levels🚀 Attention NSE and StockMarketIndia traders! The BANK NIFTY futures chart is signalling critical levels you don't want to miss. We've got a strong resistance around 53,160, marked by a Fibonacci retracement level at 0.618 level. This level has been tested multiple times, showing the market's hesitation to break through. If we see a close above this level with volume, it could indicate a bullish breakout, targeting the next Fibonacci level at 0.786. On the downside, watch the 52000 supports, which aligns with the 0.382 Fibonacci retracement level. A break below this could lead to a deeper correction, potentially testing the psychological 50,000 mark before finding a base. As the Fibonacci retracement shows the compelling price swings between the levels of 0.382 & 0.5 at the horizon. The Fibonacci time-based extension predict the price movement at the vertical time frame. Volume spikes are crucial here; increased volume on upward moves could validate a bullish scenario, while high volume on declines would suggest a bearish continuation. Stay vigilant, set your stop-losses wisely, and be ready for volatility. The market is at a pivotal point. Follow @stocktechbot for continuous updates and insights.
NSE:BANKNIFTYZ2024
by stocktechbot
BABA retesting the Point of Control and 3D 200SMA, will it hold?BABA could be changing trend. It's retesting the 3Day 200 SMA. The Point of Control (POC) represents the price level with the highest traded volume within a given range, making it the most significant level of price acceptance When price retests a previously broken (VRVP) level and holds: It suggests that the level has flipped from resistance to support (if price is above) or from support to resistance (if price is below). If the S/R flip is a fakeout, we could go to the bottom of the pattern. If we can hold the point of control, the trend could be changing. Test overhead resistance again and eventually reach the top of the pattern.
NYSE:BABALong
by NotQualifiedToGiveFinAdv
1
Technical Analysis of S&P CNX Nifty Index Futures (15-Min Chart)The chart highlights a consolidation phase near a resistance zone after a bullish move from lower levels. Below is a detailed analysis, including the bullish and bearish scenarios, with potential entry and exit points. Key Observations Trend Overview: The price has been consolidating near the 24,376–24,400 resistance zone after a sharp uptrend. A clear breakout above this resistance could confirm further bullish momentum, while rejection at this level may signal a pullback. Support Levels: 24,164–24,190: Key support zone (aligned with NY Midnight Open at 24,191.2), providing short-term buying interest. 23,608–23,650: Major demand zone where the prior uptrend originated, acting as a strong support level. Resistance Levels: 24,376–24,400: Immediate resistance zone, with visible selling pressure. 24,568–24,600: Secondary resistance zone and potential breakout target. 24,724–24,750: Major resistance area, marking the extended bullish target. Volume Analysis: High Sell Volume (512.65K): Indicates significant selling pressure near 24,376, confirming this as a key resistance level. Buy-side interest remains active near 24,190, preventing a deeper correction so far. Bullish Scenario Conditions for a Bullish Move: Price must break above 24,400 with strong volume, confirming a breakout of the resistance zone. Sustained buying pressure would push the price toward higher resistance levels. Entry Points: Aggressive Entry: Buy near the 24,164–24,190 support zone, with a stop-loss below 24,150. Conservative Entry: Buy on a confirmed breakout and retest above 24,400, with a stop-loss below 24,350. Exit Points (Take Profit): First Target: $24,568–$24,600 (secondary resistance zone). Second Target: $24,724–$24,750 (major resistance and extended target). Invalidation: A breakdown below 24,150 would invalidate the bullish setup. Bearish Scenario Conditions for a Bearish Move: Price fails to break above 24,400, indicating strong selling pressure. A confirmed breakdown below 24,164 would open the path for further downside. Entry Points: Aggressive Entry: Short near the 24,376–24,400 resistance zone if rejection is visible, with a stop-loss above 24,420. Conservative Entry: Short after a confirmed breakdown below 24,164, with a stop-loss above 24,200. Exit Points (Take Profit): First Target: $24,000 (psychological support level). Second Target: $23,650–$23,608 (major demand zone and strong support). Invalidation: A breakout above 24,420 would signal potential bullish continuation. Key Indicators to Monitor Volume Behavior: Watch for increased buying volume near 24,190, supporting the bullish case. Sustained selling volume near 24,400 would confirm bearish rejection. Breakout Levels: A breakout above 24,400 could trigger bullish momentum toward 24,568 or higher. A breakdown below 24,164 signals a bearish move targeting lower levels. Market Sentiment: The consolidation phase suggests indecision; a breakout or breakdown will clarify the direction. Summary of Probable Entry & Exit Points Scenario Entry Zone Stop-Loss Target Levels Bullish $24,164–$24,190 (Aggressive) or above $24,400 (Conservative) $24,150 $24,568, $24,724 Bearish $24,376–$24,400 (Aggressive) or below $24,164 (Conservative) $24,420 $24,000, $23,608 Conclusion Bullish Outlook: A breakout above 24,400 can lead to a rally toward 24,568 and potentially 24,724. Bearish Outlook: A failure to break 24,400 or a breakdown below 24,164 may lead to declines toward 24,000 or 23,608. Traders should monitor the price action around 24,400 and 24,164 to identify the next significant move, while using tight stop-losses to manage risk.
NSE:NIFTY1!Long
by ProspireWealth
Technical Analysis of Gold Spot (XAU/USD) - 1H ChartThe chart illustrates Gold's price consolidating around a critical support zone after a prior rejection from the resistance level at $2,660. Below is the detailed analysis for bullish and bearish scenarios, along with potential entry and exit points. Key Observations Trend Overview: Gold is trading within a sideways consolidation phase, following a significant rejection from $2,660 and currently holding above the key $2,619–$2,622 support zone. A liquidity void (price inefficiency) is visible at $2,655–$2,660, suggesting potential resistance in this area. Support Levels: $2,619–$2,622: Immediate support zone; price is consolidating above this level. $2,602–$2,605: Next strong support level. $2,552–$2,560: Major demand zone from which a strong bounce occurred earlier. Resistance Levels: $2,655–$2,660: First key resistance and liquidity void zone; price previously rejected here. $2,677–$2,680: Secondary resistance zone. $2,711–$2,740: Major resistance area, marking extended bullish targets. Volume Analysis: Sell Volume (120.3K): Indicates significant selling pressure near the resistance zone, highlighting bearish sentiment. Buy Volume (2.519M): Current support is holding due to active buying interest near $2,619. NY Midnight Open: The NY Midnight Open at $2,629.28 serves as a pivot point, with price oscillating around this level. Bullish Scenario Conditions for a Bullish Move: Price must hold above the $2,619–$2,622 support zone and break above $2,640 (near-term resistance). Sustained momentum above $2,655 would confirm a bullish breakout toward higher levels. Entry Points: Aggressive Entry: Buy near the $2,619–$2,622 support zone, with a stop-loss below $2,610. Conservative Entry: Enter on a confirmed breakout and retest above $2,655, targeting higher resistance levels. Exit Points (Take Profit): First Target: $2,655–$2,660 (liquidity void resistance zone). Second Target: $2,677–$2,680 (key resistance). Final Target: $2,711–$2,740 (major resistance zone). Invalidation: A breakdown below $2,610 would invalidate the bullish setup. Bearish Scenario Conditions for a Bearish Move: Price fails to break above $2,640 or $2,655, signaling continued selling pressure. A confirmed breakdown below $2,619 would suggest further downside. Entry Points: Aggressive Entry: Short near $2,640–$2,655 if price shows rejection, with a stop-loss above $2,665. Conservative Entry: Enter short after a confirmed breakdown below $2,619, targeting lower support levels. Exit Points (Take Profit): First Target: $2,602–$2,605 (next support level). Second Target: $2,560 (key demand zone). Final Target: $2,552 (major support and extended bearish target). Invalidation: A breakout above $2,665 would invalidate the bearish thesis and signal a potential reversal. Key Indicators to Monitor Volume Activity: Watch for increased buy volume near $2,619, indicating strong demand. Sustained sell volume near $2,640–$2,655 would reinforce bearish sentiment. Breakout Levels: A breakout above $2,655 could trigger bullish momentum, while a breakdown below $2,619 confirms bearish continuation. Liquidity Zones: The liquidity void near $2,655 is critical; price action in this area will reveal market direction. Summary of Probable Entry & Exit Points Scenario Entry Zone Stop-Loss Target Levels Bullish $2,619–$2,622 (Aggressive) or above $2,655 (Conservative) $2,610 $2,655, $2,680, $2,740 Bearish $2,640–$2,655 (Aggressive) or below $2,619 (Conservative) $2,665 $2,605, $2,560, $2,552 Conclusion Bullish Outlook: If price holds above $2,619 and breaks through $2,655, expect a rally toward $2,680 or even $2,740. Bearish Outlook: Rejection at $2,655 or a breakdown below $2,619 may lead to declines toward $2,605 or lower. Traders should monitor the price action closely around the support at $2,619 and resistance at $2,655, using volume as confirmation for the next move.
FX:XAUUSDShort
by ProspireWealth
DXY. Technical analysisHello traders and investors! The seller has returned the price to the range on the weekly timeframe (see the related post). The price is now below the upper boundary of the range at 106.952. We are monitoring the 106.083 level. If the buyer breaks through and defends it, it would be reasonable to look for buying opportunities. However, if the seller defends this level, selling will be the priority. You can use the 4-hour timeframe for monitoring. Good luck with your trading and investments!
CAPITALCOM:DXY
by AlexeyWolf
GOLD. I expect a correction below 2605Hello traders and investors! I expect a correction in the price of gold below 2605. The buyer did not defend the 2710 level (see the previous post), and the seller resumed from the price range of 2721–2759. As a result, a range has formed on the daily timeframe. The upper boundary is 2721.42, and the lower boundary is 2536.855. A seller's zone has developed at the upper boundary of the range (red rectangle on the chart). The current seller's vector is 6-7, with the first potential target at 2605.31. Just below is the level marking the start of the last buyer's impulse on the weekly timeframe—2604.39—which has already been manipulated (false breakout). Therefore, it’s likely that the buyer will resume from these price levels. If the buyer does resume, the first potential target is the lower boundary of the seller's zone at the upper boundary of the range (2668.2). Good luck with your trading and investments!
OANDA:XAUUSD
by AlexeyWolf
Crypto Silver Ethereum importance The most important reason of this bullish wave is not Ethereum, maybe it's rised as normal as others but the main reason is BTC and gold And the reason of Rising and the main Stuff was The presidency of an important country like us, can make a Big wave like this Some flagship Coins like Xrp and Ada has their own news and fundamental. So i think eth cant relate this Sharpy wave rise. The dominance of Btc on market is dumping in my opinion and it will continue tol the Eth dominance rise to see a new alt season. This valuable and volume of Eth is not really fair for This young Crypto Silver.i can bet one day you will forget about btc lol just kidding. Btw we have 2 scenarios for monthly ranging triangle technically for: If you don't expect any sudden news or war tensions or Powell Time Sharp moves, we can have rising scenario with slowly ranging in 1month timeframe Instead if we have the Low and weak Eth we can expect Dumping and we can start to check the Eth after breaking triangle from Down part. Btw i like to just wait to see what happens in 2 weeks for this young mom Coin(eth) haha Good luck
by Unknownzeros
1
Wedge Pattern on Bitcoin's Chart - Investors Take RisksHello, The optimistic break out of a possible bullish wedge pattern suggests potential price action of reclaiming the $97.3k price level. The white trendlines mark the borders of a falling wedge pattern, which is usually a bullish pattern. The upward break out from the pattern further indicates a bullish scenario. The bullish chart pattern aligns with technicals like MACD, signaling a weakening bearish momentum. Per the wedge patterns' dimensions, if the price returns to the wedge and hits stop loss levels like $96.5k, the bullish scenario can be considered invalid. Otherwise, a minor pullback is possible to the upper white trendline until BTC picks up bullish momentum and volume. The volume profile shows relatively minimal interest at the current levels. So, I expect BTC to move out from these levels soon. Achieving the target of $97.3k would not only fulfill the bullish potential according to the dimensions of the wedge pattern but also bring the price to levels where investors are interested in trading. Sentiment: As of November 2024, the market sentiment for Bitcoin is extremely bullish. This is reflected in the Crypto Fear and Greed Index, which currently sits at 88, indicating extreme greed. This high level of optimism suggests that investors are highly confident in Bitcoin's future and are willing to take on more risk in anticipation of further price increases. Global economics: The ongoing strategic competition between the US and China continues to shape the global economic and political landscape, impacting trade, technology, and security. Competitors may recognize the potential to exploit Bitcoin, which will help the price to reach higher levels. Risk management: I encourage you to configure your stop loss and diversify your investments to reduce risk. Regards, Ely
BITSTAMP:BTCUSDLong
by Elysian_Mind
UP OR DOWN Cycles: HWC:uptrend MWC:uptrend LWC: weak uptrend So I am not talking about the shorts position because all the cycles are dry Important points; 🤔 1.The number of hits weakens that level and shows its strength Three hits to the top line and four to the bottom line 2.The volume is also decreasing, which I think we are naturally correcting I don't see it as a weakness😉 You can enter depending on your strategy If you want me to analyze a coin, tell me in the comment🫡 ⚠️ Do capital management to survive ⚠️
Long
by parsa_xa
2
"BTC/USD: Key Levels & Trade Strategies"AlexGoldHunter Analysis of Bitcoin (BTC/USD) on a 4-hour and 15-minute Timeframe 4-Hour Chart Analysis Fibonacci Retracement Levels: Key Levels: 0.382 (96,457), 0.5 (95,424), 0.618 (94,391), 0.705 (93,630), 0.786 (92,921). The price is currently around the 0.382 level, indicating a potential support zone. Volume Profile: High volume nodes around 96,000 and 94,000 indicate strong support/resistance zones. Resistance at 97,000 (Invalidation Level) and support around 91,568. Indicators: RSI: Around 52.40, indicating neutral momentum. MACD: Showing a potential bullish crossover. Other indicators suggest a potential reversion around the 91,568 level. 15-Minute Chart Analysis Fibonacci Retracement Levels: Key Levels: 0.382 (96,450), 0.5 (96,555), 0.618 (96,660), 0.705 (96,737), 0.786 (96,809). The price is currently around the 0.382 level, indicating a potential support zone. Volume Profile: High volume nodes around 96,000 and 95,000 indicate strong support/resistance zones. Resistance at 97,000 (Invalidation Level) and support around 96,134. Indicators: RSI: Around 44.68, indicating slightly bearish momentum. MACD: Showing a potential bearish crossover. Other indicators suggest a potential reversion around the 96,134 level. Buy Strategy with Confirmation Entry Point: Consider buying around the 0.382 Fibonacci retracement level (96,457 on the 4-hour chart and 96,450 on the 15-minute chart) if the price shows signs of support and bullish reversal patterns. Confirmation: Look for bullish candlestick patterns, RSI above 50, and a bullish MACD crossover. Stop Loss: Place a stop loss below the 0.5 Fibonacci retracement level (95,424 on the 4-hour chart and 96,555 on the 15-minute chart). Target: Aim for the next resistance level around 97,000. Sell Strategy with Confirmation Entry Point: Consider selling around the resistance level (97,000) if the price shows signs of resistance and bearish reversal patterns. Confirmation: Look for bearish candlestick patterns, RSI below 50, and a bearish MACD crossover. Stop Loss: Place a stop loss above the resistance level (97,000). Target: Aim for the next support level around 96,134. This analysis provides a comprehensive view of the current market conditions and potential trading strategies for Bitcoin based on the provided chart. If you have any further questions or need additional analysis, feel free to ask! Happy trading! 🚀✨ Disclaimer: The information provided in this analysis is for educational and informational purposes only and should not be considered as financial advice. Trading and investing involve substantial risk, and it is possible to lose more than your initial investment. Always conduct your own research and consult with a financial advisor before making any trading decisions. The author of this analysis does not accept any liability for any loss or damage that may arise from using the information provided. Use this analysis at your own risk. BITSTAMP:BTCUSD
BITSTAMP:BTCUSD
by Alexgoldhunter
Bitcoin Reversal: Top Fibonacci & Volume Insights + Buy/Sell Expert Analysis of Bitcoin (BTC/USD) on a 1-hour Timeframe 1. Break of Structure (BOS) and Change of Character (CHoCH): BOS and CHoCH are marked on the chart to highlight significant shifts in market structure. BOS (Break of Structure): Indicates a strong trend continuation when the price breaks previous support or resistance levels. CHoCH (Change of Character): Suggests a potential reversal or significant change in trend direction. 2. Fibonacci Retracement Levels: Key Fibonacci levels are used to identify potential support and resistance areas: 0.382 (95,540) 0.5 (94,918) 0.618 (94,297) 0.705 (93,823) 0.786 (93,417) The 0.5 and 0.618 levels are particularly noteworthy as they often act as strong support or resistance zones. 3. Volume Profile: The Volume Profile on the right side of the chart shows the traded volume at different price levels. Higher volume areas indicate strong support or resistance zones. The highest volume node around the 96,380 level suggests a significant resistance area. 4. Price Action: The chart indicates a significant downtrend followed by a potential reversal. Price has broken several support levels (BOS) and is now testing the Fibonacci retracement levels. The recent CHoCH suggests a potential shift in market sentiment, indicating that the downtrend might be losing momentum and a reversal could be in play. 5. Key Indicators: Relative Strength Index (RSI): Currently at 59.35, indicating neutral to slightly bullish momentum. MACD (Moving Average Convergence Divergence): The MACD line is above the signal line, indicating bullish momentum. 6. Key Levels: Resistance: 96,380 (high volume node) Support: Fibonacci levels at 0.5 (94,918) and 0.618 (94,297) Buy Scenario with Confirmation: Price Action: Look for a bullish CHoCH or BOS, indicating a potential upward trend. RSI Confirmation: RSI should be above 50 and ideally moving upwards. MACD Confirmation: MACD line crossing above the signal line, with a positive histogram. Volume Confirmation: Increasing volume on bullish candlesticks. Entry Point: Consider entering a buy position when the price breaks above a recent resistance level, such as $96,380, with confirmation from the above indicators. Stop Loss: Place a stop loss below the recent swing low or support level, such as $94,918. Take Profit: Set a take profit target at the next significant resistance level or based on a risk-reward ratio, such as $98,000. Sell Scenario with Confirmation: Price Action: Look for a bearish CHoCH or BOS, indicating a potential downward trend. RSI Confirmation: RSI should be below 50 and ideally moving downwards. MACD Confirmation: MACD line crossing below the signal line, with a negative histogram. Volume Confirmation: Increasing volume on bearish candlesticks. Entry Point: Consider entering a sell position when the price breaks below a recent support level, such as $94,918, with confirmation from the above indicators. Stop Loss: Place a stop loss above the recent swing high or resistance level, such as $96,380. Take Profit: Set a take profit target at the next significant support level or based on a risk-reward ratio, such as $93,000. Conclusion: The chart suggests a potential reversal in the downtrend of Bitcoin prices, with significant support and resistance levels identified through Fibonacci retracement and volume profile analysis. BOS and CHoCH annotations provide insights into the market structure and potential future price movements. Keep an eye on the key Fibonacci levels and the high volume node for potential trading opportunities. Bitcoin, BTCUSD, Technical Analysis, Fibonacci, Volume Profile, Trading, Price Action, Reversal, Buy Signal, Sell Signal, Support, Resistance, BOS, CHoCH, 1H Chart, Crypto, Cryptocurrency
BITSTAMP:BTCUSDShort
by Alexgoldhunter
Breaks Out of a Bullish Flag: Key Levels and What to Watch NextWillis Towers Watson NASDAQ:WTW is breaking out of a classic flag pattern, reclaiming key resistance with strong volume. The price action suggests solid momentum, and the breakout above 321$ could pave the way for further upside. The high-volume also support this move and shows strong buyer interest, making it a setup interesting. As long as the price holds these levels, the breakout could continue driving bullish sentiment.
NASDAQ:WTWLong
by David_SpotTheTrend
BTC is going finally to 100k?Hey guys! We finishing this week with nice news? So quick update about bitcoin situation. We have here bull MA crossing oon 4H TF, so we can potentially see some long movement on the weekends. Another bull sign can be a Thannksgiving Day, so markets can react positive. On the other hand we have descending volumes and not really active movement. Don't forget to use SL and follow risk management! What's your thoughts about the short market condition?
Long
by SheTradesHub
Unmasking DXY's Bullish Potential with Volume ProfileH ello, The unusually high market activity around the 100.5 level indicated strong bullish accumulation. The yellow ellipses highlight the volume and price levels. You can see that volume decreases both above and below this key level. This accumulation is evident because the price broke out of a bullish consolidation pattern, as shown in the left yellow circle, reaching a high of 103.9, indicated by the yellow line. This is the current level, where you may notice exceptionally high market activity. As the price remains above the green demand zone, the red supply zone may be tested, as suggested by the volume profile. Regards, Ely
CAPITALCOM:DXYLong
by Elysian_Mind
Volume Trade AUCTION/USDT is presenting a compelling short setup, supported by technical indicators and volume analysis. The model is projecting that the pair shows clear signs of weakness around key resistance levels, making it an attractive opportunity for traders looking to capitalize on a downside move. The strategy involves building a short position at $17, targeting $16.120 with 100x leverage for a potential profit of at least 450%. Volume patterns confirm waning bullish momentum, with selling pressure likely to dominate near current price levels. Additionally, scaling into the position around $18 offers the potential to maximize returns if the price struggles to break higher. **Key Levels to Watch** -Entry Zone: $17 -Target: $16.120 -Leverage: 100x -Resistance Level for Additional Entry: $18 -Partial Take-Profit Margin of Error: 0.187% This setup balances risk and reward effectively, leveraging volume-driven signals and precise technical levels to minimize risk. Tight management of the margin of error (0.187%) for partial take-profits ensures disciplined exits while maximizing gains. For traders who execute carefully, this strategy offers a lucrative opportunity to capitalize on the anticipated downward move in AUCTION/USDT.
Short
by Dr_Wallstreet
Volume Strategy Idea I want show how to combine three of my scripts to derive trading signals. I am going to build this into a coherent Indicator, so any feedback while I am developing is appreciated. You want to see VAMA defining the trend direction. Then you look to enter on the bars where the Volume Flow Indicator is issueing an New Signal (Dark Green or Dark Red), and Volume Bars showing a significant or massive volume event. These two signals must happen at the same bar and in the direction of the trend defined by the VAMA to confirm a signal. Im working on this script as I write this and you will find it in my script library soon. I will call the Indicator "Volume Runner". Enjoy.
Education
by jpkxyz
ETH within the Fibonacci time and retracement LevelsIn this Ethereum (ETH/USD) daily chart, we observe a fascinating interplay of Fibonacci time-based trend lines and Fibonacci retracement levels, providing a comprehensive outlook on potential price behavior. The chart highlights key Fibonacci retracement levels at 0.236 (2,571.1), 0.382 (2,835.3), 0.5 (3,048.8), 0.618 (3,462.4), and 0.786 (3,666.4), which serve as critical support and resistance zones. The Fibonacci time-based trend lines, marked by vertical green and red lines, indicate significant time intervals where price action is likely to experience notable changes. Within the highlighted box, three potential scenarios are mapped out: a bullish trend, consolidation, and a bearish trend. The bullish scenario suggests a price surge towards the 4,000 level and beyond, while consolidation indicates a sideways movement around the 3,800 mark. Conversely, the bearish scenario points to a potential decline towards the 3,200 level. This analysis provides traders with a strategic framework to anticipate Ethereum's price movements and make informed decisions.
BITSTAMP:ETHUSD
by stocktechbot
Technical Analysis of Gold Spot (XAU/USD) Chart (1H Timeframe) The provided chart highlights a consolidation phase with potential bullish and bearish scenarios forming at key levels. Here's the detailed analysis: Key Observations: Trend Overview: The price has been consolidating after a pullback from the resistance at $2,677. Recent candles suggest indecision, with price respecting the $2,619–$2,635 zone as intraday support. Support Zones: $2,619–$2,621: Immediate support zone aligned with the NY Midnight Open level, acting as a potential demand area. $2,602–$2,605: Next strong support where buyers previously stepped in. $2,552–$2,560: Major demand zone and a stronger area of interest for buyers. Resistance Zones: $2,655–$2,660: First key resistance, aligned with liquidity voids from recent sell-offs. $2,677–$2,680: A strong resistance zone, tested and rejected previously. $2,711–$2,740: Major resistance and extended target for a bullish breakout. Volume Analysis: Strong selling pressure (e.g., Delta Volume: 188%) is visible around the $2,635–$2,640 region. Buy-side orders show interest near $2,619, keeping price within range. Bullish Scenario: Conditions for a Bullish Move: A confirmed break and close above $2,640, invalidating immediate selling pressure. Sustained buying momentum toward liquidity pockets above $2,655. Entry Points: Aggressive Entry: Enter near the support zone around $2,619–$2,621 with a stop-loss below $2,610. Conservative Entry: Buy on a breakout and retest above $2,640, confirming bullish momentum. Exit Points (Take Profit): First Target: $2,655 (liquidity void resistance). Second Target: $2,677–$2,680 (strong resistance zone). Final Target: $2,711–$2,740 (extended bullish target). Invalidation: A breakdown below $2,610, signaling further downside potential. Bearish Scenario: Conditions for a Bearish Move: Price fails to break above $2,640 or $2,655, confirming strong selling pressure. A confirmed breakdown below $2,619, opening the path for further downside. Entry Points: Aggressive Entry: Short near $2,640, where selling pressure is currently visible. Stop-loss above $2,645. Conservative Entry: Short after a breakdown below $2,619, targeting lower supports. Exit Points (Take Profit): First Target: $2,602–$2,605 (next support level). Second Target: $2,560 (key demand zone). Final Target: $2,552 (major support and extended bearish target). Invalidation: A breakout above $2,645, invalidating bearish momentum. Key Indicators to Watch: Volume Behavior: Watch for increasing buy-side volume at $2,619–$2,621, which would support the bullish case. Sustained selling volume near $2,640 or a breakdown below $2,619 would confirm bearish momentum. Price Action: A breakout or rejection near the resistance at $2,640–$2,655 will determine the short-term trend. Lower lows below $2,619 would signal continuation of the bearish trend. Liquidity Voids: Price action near the liquidity void at $2,655 will offer clues about the strength of buyers or sellers. Summary of Probable Entry & Exit Points: Scenario Entry Zone Stop-Loss Target Levels Bullish $2,619–$2,621 (Aggressive) or above $2,640 (Conservative) $2,610 $2,655, $2,677, $2,711 Bearish $2,640 (Aggressive) or below $2,619 (Conservative) $2,645 $2,605, $2,560, $2,552 Conclusion: Bullish Outlook: A breakout above $2,640 can lead to a rally toward $2,655–$2,680 and potentially higher. Bearish Outlook: Failure to break above $2,640 or a breakdown below $2,619 may lead to declines toward $2,605–$2,552. Traders should closely monitor price reactions at $2,619 and $2,640 to confirm the next move while managing risk with tight stop-losses.
FX:XAUUSDLong
by ProspireWealth