BTC:Buy@85KBTC also experienced a significant decline today and returned to around 85,000 again. When it reaches the support level for the first time, one can try to buy. The resistance test around 89,000 above is valid, and continue trading within this area.
btcusdt buy@84500-85000
tp:86000-87000
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Wave Analysis
GOLDKey Observations:
Current Price: The current price of Gold is 3,071.11 USD.
Recent Price Action: The price has experienced a significant upward move followed by a sharp decline. The most recent candle is bearish, indicating continued downward pressure.
Fair Value Gaps (FVG): There are two Fair Value Gaps highlighted on the chart. FVGs are areas where price has moved quickly, leaving gaps where there was little to no trading. These gaps can act as potential support or resistance levels.
The first FVG is above the current price, between approximately 3,076.00 and 3,079.00. This could act as a potential resistance zone if the price attempts to move higher.
The second FVG is below the current price, between approximately 3,064.00 and 3,068.00. This could act as a potential support zone if the price continues to decline.
Potential Trading Setup: Based on the annotations, there appears to be a potential short trading
Setup identified:
Entry: A potential entry point is around the top of the upper FVG, near 3,079.00.
Target: A potential target is at the bottom of the lower FVG, around 3,064.00.
Additional Considerations:
Time Context: The chart is a 15-minute timeframe, which is generally used for short-term trading.
Market Volatility: Gold prices can be volatile, especially in response to economic news and global events.
Further Analysis: A trader using this chart might also consider other technical indicators, fundamental analysis, and overall market sentiment before making a trading decision. The recent sharp decline suggests strong selling pressure, and the price might continue to move towards the lower FVG.
GOLD Will Go Up From Support! Buy!
Here is our detailed technical review for GOLD.
Time Frame: 3h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 3,076.15.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 3,102.53 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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USDJPY Will Go Lower! Short!
Take a look at our analysis for USDJPY.
Time Frame: 3h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 150.395.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 149.580 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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GBPUSD Will Go Down! Sell!
Please, check our technical outlook for GBPUSD.
Time Frame: 6h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 1.295.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 1.287 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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GBPNZD Will Move Lower! Short!
Here is our detailed technical review for GBPNZD.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 2.263.
The above observations make me that the market will inevitably achieve 2.229 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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Summer is almost over for gold, winter is coming.To me it's a clear 5-way Elliot cycle.
And as I always say, trends usually target the Fibonacci range between 1.618 and 2.618.
I would never push for more, would be an unnecessary risk.
* What i share here is not an investment advice. Please do your own research before investing in any asset.
* Never take my personal opinions as investment advice, you may lose all your money.
Nikkei 225 (existing short): Adjust your stop lossThis is the video update that I promised in my previous video. I have mentioned that when prices is reaching the personal target, I will update again.
So for those of you who are still holding a short position, and you want to hold on and see if this is gonna be a big ride down, my suggestion is to adjust your stop loss and maybe reduce you position (i.e. take some profits first).
How you want to manage this trade will be based on your personality and trading style. Good luck!
BITCOIN SELLERS WILL DOMINATE THE MARKET|SHORT
BITCOIN SIGNAL
Trade Direction: short
Entry Level: 85,782.07
Target Level: 79,230.93
Stop Loss: 90,149.50
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 12h
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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AUD/USD BULLISH BIAS RIGHT NOW| LONG
AUD/USD SIGNAL
Trade Direction: long
Entry Level: 0.629
Target Level: 0.631
Stop Loss: 0.627
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 1h
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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GBP/USD BEARS ARE STRONG HERE|SHORT
Hello, Friends!
GBP/USD pair is in the uptrend because previous week’s candle is green, while the price is clearly rising on the 4H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 1.291 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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CADJPY 1H forecastProjecting a further decline on CADJPY as a 5waves sequence or a potential correction pattern A-B-C. We come from a bullish impulse formation, which is now complete. If you take note,* we broke below the momentum trendline, and now we're making lower highs, indicating the trend is ending and changing the trend.
Hellena | GOLD (4H): LONG to resistance area 3075.Colleagues, I believe that price will reach the 3075 area, completing an upward five-wave impulse. Earlier I talked about the level of 3100 and I believe that it will be reached too, just a little later and after a correction.
In any case, within the wave “3” of the senior order, gold is waiting for an upward movement, because the big impulse is not completed yet.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!