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Wave Analysis

GOLD The Target Is UP! BUY! My dear friends, GOLD looks like it will make a good move, and here are the details: The market is trading on 2741.6 pivot level. Bias - Bullish Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market. Goal - 2748.8 About Used Indicators: Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis ——————————— WISH YOU ALL LUCK
OANDA:XAUUSDLong
by AnabelSignals
1
Gold Can Fly ConfirmGold price (XAU/USD) enters a bullish consolidation phase during the first half of the European session and oscillates in a range above the $2,770 area, near a multi-month top touched earlier this Friday. The US Dollar (USD) attracts sellers for the second straight day and drops to over a one-month low amid a fresh leg down in the US Treasury bond yields, triggered by US President Donald Trump's comments that he could reach a trade deal with China. This, along with bets that the Federal Reserve (Fed) will cut interest rates further by the end of this year, acts as a tailwind for the non-yielding yellow metal.
FX:XAUUSDShort
by MrAlex_17
ENA/USDT - Potential Breakout in Long-Term DowntrendHello traders! Let's take a look at the ENA/USDT price chart. As you can observe, the price has been locked in a long-term downtrend , contained within a descending macro channel . Recent Price Action: Over the past 24 hours, ENA has shown signs of a potential reversal. The price has entered a mini-uptrend channel and is currently approaching the upper boundary (ceiling) of the larger, descending macro channel. This creates the possibility of a breakout from the long-term downtrend. Potential Breakout Scenario: Given the potential increase in altcoin trading volume, I believe there's a strong likelihood that ENA could break through the macro channel's resistance level, located around $1.060 . If this breakout occurs, I anticipate a continued upward movement towards the following targets: First targets: Target 1: $0.9875 Target 2: $1.0500 Then: Target 1: $1.20 Target 2: $1.35 Target 3: $1.52 mportant Note on Price Correction: It's crucial to acknowledge that after a potential breakout above the macro channel's ceiling, a price correction is likely to follow. This is a normal market behavior after a significant upward move and should be anticipated. Disclaimer: This analysis represents my personal perspective and should not be considered financial advice. The cryptocurrency market is inherently volatile, and past performance is not a guarantee of future results. Always conduct your own research and manage your risk accordingly before making any trading decisions. Good luck with your trades!
Long
by Arash-RK
EURGBP - Weak Again!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 EURGBP has been bearish trading within the falling wedge pattern in blue. Currently, EURGBP is approaching the upper bound of the wedge. Moreover, the orange zone is a strong structure. 🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the orange structure and upper blue trendline. 📚 As per my trading style: As #EURGBP is around the red circle zone, I will be looking for bearish reversal setups (like a double top 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
Short
by TheSignalyst
1
XAUUSD - maybe it's time to sell? Hello everyone! We continue trading gold. However, I think it’s time to prepare for selling. Today, gold is near its historical high, and I don’t think the bulls will be able to push through in the upcoming sessions. After breaking through the strong resistance level of 2720, gold has gained more than 2.5% over just a few sessions. At the same time, trading volumes have been decreasing with each session since the breakout. There are also few fundamental reasons for gold to rise further at the moment. Therefore, it’s possible that the 2790 level may not be overcome. On the 8-hour timeframe, RSI is overbought, and on the daily chart, RSI is above 70. Unfortunately, there’s no clear divergence, which would have given more confidence. H8 Day If we turn to wave analysis, it can be assumed that gold is currently in the 4th wave, which might take the form of a triangle. Of course, this is just an assumption, but I don’t think wave 4 has been completed yet. Similarly, I don’t believe gold will update the 2540 low anytime soon. If a triangle is forming, then from the current levels, a movement in wave ((C)) of the triangle is possible, targeting 2655, with an intermediate target at 2720, where the support level is strong. I don’t think the bears will be able to break through it immediately. 2D But there’s no need to rush into opening a short position. It would be better to see a false breakout of the 2790 level and a pullback below it, which would allow for greater confidence in opening a short position. Likes and comments welcome :-)
FOREXCOM:XAUUSDShort
by AUREA_RATIO
PROM/USDTKey Level Zone: 5.400 - 5.440 HMT v5 detected. The setup looks promising, supported by a previous upward/downward trend with increasing volume and momentum, presenting an excellent reward-to-risk opportunity. HMT (High Momentum Trending): HMT is based on trend, momentum, volume, and market structure across multiple timeframes. It highlights setups with strong potential for upward movement and higher rewards. Whenever I spot a signal for my own trading, I’ll share it. Please note that conducting a comprehensive analysis on a single timeframe chart can be quite challenging and sometimes confusing. I appreciate your understanding of the effort involved. Important Note : Role of Key Levels: - These zones are critical for analyzing price trends. If the key level zone holds, the price may continue trending in the expected direction. However, momentum may increase or decrease based on subsequent patterns. - Breakouts: If the key level zone breaks, it signals a stop-out. For reversal traders, this presents an opportunity to consider switching direction, as the price often retests these zones, which may act as strong support-turned-resistance (or vice versa). My Trading Rules Risk Management - Maximum risk per trade: 2.5%. - Leverage: 5x. Exit Strategy Profit-Taking: - Sell at least 70% on the 3rd wave up (LTF Wave 5). - Typically, sell 50% during a high-volume spike. - Adjust stop-loss to breakeven once the trade achieves a 1.5:1 reward-to-risk ratio. - If the market shows signs of losing momentum or divergence, ill will exit at breakeven. The market is highly dynamic and constantly changing. HMT signals and target profit (TP) levels are based on the current price and movement, but market conditions can shift instantly, so it is crucial to remain adaptable and follow the market's movement. If you find this signal/analysis meaningful, kindly like and share it. Thank you for your support~ Sharing this with love! HMT v2.0: - Major update to the Momentum indicator - Reduced false signals from inaccurate momentum detection - New screener with improved accuracy and fewer signals HMT v3.0: - Added liquidity factor to enhance trend continuation - Improved potential for momentum-based plays - Increased winning probability by reducing entries during peaks HMT v3.1: - Enhanced entry confirmation for improved reward-to-risk ratios HMT v4.0: - Incorporated buying and selling pressure in lower timeframes to enhance the probability of trending moves while optimizing entry timing and scaling HMT v4.1: - Enhanced take-profit (TP) target by incorporating market structure analysis HMT v5 : Date: 23/01/2025 - Refined wave analysis for trending conditions - Incorporated lower timeframe (LTF) momentum to strengthen trend reliability - Re-aligned and re-balanced entry conditions for improved accuracy
Long
by Ren_MomentumTrader
1
USDCAD Will Explode! BUY! My dear subscribers, This is my opinion on the USDCAD next move: The instrument tests an important psychological level 1.4323 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 1.4380 My Stop Loss - 1.4297 About Used Indicators: On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
EURUSD Under Pressure! SELL! My dear friends, Please, find my technical outlook for EURUSD below: The price is coiling around a solid key level - 1.0473 Bias - Bearish Technical Indicators: Pivot Points High anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 1.0393 Safe Stop Loss - 1.0518 About Used Indicators: The pivot point itself is simply the average of the high, low and closing prices from the previous trading day. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
GBPAUD A Fall Expected! SELL! My dear subscribers, My technical analysis for GBPAUD is below: The price is coiling around a solid key level - 1.9685 Bias - Bearish Technical Indicators: Pivot Points High anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 1.9658 About Used Indicators: By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1