SOLUSDT today Resistance: Around $145 - $148 (red zone), where price might be rejected.
Support: Around $135 (green zone), the next key area for a potential drop.
Trading Plan:
Short: Enter if price gets rejected at $145.
Target: Aim for $135.
Stop Loss: Above $148 for safety.
This is a straightforward approach based on current levels and potential price action.
E-signal
XAU drops sharply without any newsThe USD continues to surprise the market when it has increased quite strongly in recent sessions. Along with that, countries are also lowering interest rates and looking for ways to support the weakened economy after the pandemic and the instability of production chains as well as reduced consumer demand around the world.
The price of gold rings in basic units remains the same in both buying and selling directions compared to the previous session.
According to technical analysis, the indexes reaching 50 points are an expansion level. However, at the time of assessment, consumers are more optimistic than last month, showing a positive trend, they will buy more goods and services, which will boost domestic demand, stimulate businesses and the economy to grow better.
FLMUSDT 1:1 Long Setup SettingBINANCE:FLMUSDT
OKX:FLMUSDT
SL1 ---> Low-risk status: 3x-4x Leverage
SL2 ---> Mid-risk status: 5x-8x Leverage
👾The setup is active but expect the uncertain phase as well.
➡️Entry Area:
Yellow zone
⚡️TP:
0.0523
0.0531
0.0540
0.0550
🔴SL:
0.048
🧐The Alternate scenario:
If the price stabilizes below the trigger zone, the setup will be cancelled.
How To Have An Edge Over The Markets!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
Today I want to share a basic trading plan that you can follow to quantify your trading edge.
📌Step 1:
First, start from the higher timeframes like Daily/Weekly to identify the current long-term trend. is it bullish, bearish or stuck inside a range?
If the price is sitting in the middle of nowhere, then it is a NO trade zone as price has 50% change to go either up or down. Thus no edge!
📚Wait for the price to approach the lower bound or upper bound. Then proceed to Step 2
📌Step 2:
No matter how strong a horizontal / non-horizontal support or resistance is, it can still be broken. Thus don't buy/sell blindly as price approaches a support/resistance.
Instead, zoom in to lower timeframes like H1 and M30 to look for setups.
🏹A basic approach would be to wait for a swing low to be broken downward around a resistance as a signal that the bears are taking over.
In parallel, wait for a swing high to be broken upward around a support for the bulls to take over.
This would be the confirmation to enter the trade.
⚙️Of course, your second edge would be through risk management by targeting at least double than your indented risk.
But that's a topic for another post 😉
Always follow your trading plan regarding entry, risk management, and trade management.
Hope you find the content of this post useful 🙏
All Strategies Are Good; If Managed Properly!
~Rich
GBPUSD Set To Grow! BUY!
My dear friends,
Please, find my technical outlook for GBPUSD below:
The instrument tests an important psychological level 1.3091
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 - 1.3189
Recommended Stop Loss - 1.3036
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
NZDCHF: Long Trade Explained
NZDCHF
- Classic bullish setup
- Our team expects bullish continuation
SUGGESTED TRADE:
Swing Trade
Long NZDCHF
Entry Point - 0.5234
Stop Loss - 0.5208
Take Profit - 0.5282
Our Risk - 1%
Start protection of your profits from lower levels
❤️ Please, support our work with like & comment! ❤️
GBPNZD Under Pressure! SELL!
My dear friends,
GBPNZD looks like it will make a good move, and here are the details:
The market is trading on 2.1411 pivot level.
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 2.1301
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
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WISH YOU ALL LUCK
AUDUSD Will Collapse! SELL!
My dear subscribers,
AUDUSD looks like it will make a good move, and here are the details:
The market is trading on 0.6886 pivot level.
Bias - Bearish
My Stop Loss - 0.6919
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 0.6832
About Used Indicators:
The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
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WISH YOU ALL LUCK
GBPCAD On The Rise! BUY!
My dear subscribers,
This is my opinion on the GBPCAD next move:
The instrument tests an important psychological level 1.7799
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 - 1.7899
My Stop Loss - 1.7745
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.
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WISH YOU ALL LUCK
EURUSD Continues to Decline Amid Stronger USDToday, EURUSD continues its downward trajectory, trading below key levels as the US Dollar strengthens. The pair has been under pressure due to positive US economic data, which has fueled expectations of prolonged higher interest rates by the Federal Reserve.
Meanwhile, eurozone economic outlook remains uncertain, contributing to the weakening of the Euro. As a result, EURUSD shows no significant signs of recovery, with bearish momentum dominating the market. Traders are now eyeing key support levels to assess the next move for the pair.
SOLUSDT todayBased on the chart for SOLUSDT, here's a short and concise analysis:
Current Trend: The price has broken below a key trendline, indicating potential further downside.
Resistance: The area around 145.27–145.91 USD serves as the nearest resistance zone, where price previously rejected.
Support: The price is approaching the 141.07 USD level, and a deeper drop could lead to the next key support around 138.08 USD.
Strategy: A bearish scenario is likely to play out, targeting the 138.08 support zone if the price continues to weaken after failing to reclaim the resistance.
Watch for price action near the 141.07 level for potential short opportunities.
BTCUSDT: Continue selling or should buy?Based on the chart provided, the short-term bearish strategy for BTCUSDT could be as follows:
Resistance: The key resistance level is around 65,917.43 USD.
Support: The immediate support zone is between 61,497 - 61,728 USD.
Strategy: Wait for the price to either retest the resistance zone or form a bearish pattern at the support level. If the price breaks below this support zone, it is likely to continue declining toward the target area of 53,953 USD.
It's recommended to place a stop-loss above the resistance level to minimize risk in case of a breakout to the upside.
USDJPY: Bears start to counterattackThe Japanese Yen (JPY) held steady against the US Dollar for a second consecutive day on Tuesday, despite doubts about a sustained bullish trend. Overnight comments from Japanese officials raised concerns about possible intervention, while escalating geopolitical tensions in the Middle East boosted JPY’s safe-haven appeal. Additionally, a slight decline in the US Dollar (USD) put further pressure on the USD/JPY
However, fading odds of another interest rate hike by the Bank of Japan (BoJ) in 2024 have kept JPY bulls cautious. Meanwhile, investors have scaled back expectations of more aggressive policy easing by the Federal Reserve (Fed). This has helped limit USD losses ahead of Wednesday’s FOMC meeting minutes and upcoming US inflation data on Thursday and Friday.
Is now a good time to buy gold stocks?Over the beyond six months, gold charges have risen, attaining new report highs nearly each month. However, the yellow metal`s rate has encountered a few resistance for the reason that hitting US$2,670 on October 1, sending it right all the way down to as little as US$2,639.
Hemke defined in an October three interview that this may be the end result of the marketplace checking out resistance at $2,650.
In September, gold charges hit a brand new report excessive above $2,six hundred after the U.S. Federal Reserve reduce its benchmark hobby price for the primary time for the reason that begin of the 2022 bull run.
“Gold charges bottomed at US$1,895 in mid-February and had been replied for the reason that then — gold charges have expanded 25 percentage in that period,” he advised INN in an interview recorded early September .
"It's now no longer that the gold producers, the large groups and the intermediaries, have not reacted. The large gold groups, now no longer counting the trouble groups, are up forty five to ninety percentage from the lowest gold rate." in February, and intermediaries expanded from 50 percentage to 132 percentage"
💎 XAUUSD Buy 2630 - 2627💎
✔️TP1: 2647
✔️TP2: 2657
✔️TP3: OPEN
🚫SL: 2619
💎XAUUSD Sell 2653 - 2655💎
✔️TP1: 2640
✔️TP2: 2637
✔️TP3: OPEN
🚫SL: 2663
GBPUSD: Is the Current Decline Setting Up for a Strong Rebound? GBPUSD is currently trading around 1.309 in the early session on Tuesday. While the pair is moving in a downward trend, a closer look at the technical chart reveals a familiar wave cycle that appears to be repeating.
In this scenario, GBPUSD could potentially gain bullish momentum after testing the support zone and the 34 and 89 EMAs. The long-term outlook for a price increase remains optimistic, as market sentiment continues to anticipate a Fed rate cut in the near future.
Could this pullback be setting the stage for a strong rebound? Let us know your thoughts!
ETHUSDT: Bearish Setup – Time to Sell?ETHUSDT has been drawing attention with its recent price movements. The technical chart shows a potential selling opportunity as the price approaches a key resistance zone.
Key Resistance Level
Currently trading around 2,437 USD, ETHUSDT is facing strong resistance at 2,691 USD. This level has repeatedly proven difficult for ETH to break above, suggesting a possible price reversal once it is retested.
Trading Strategy
Traders are eyeing this resistance zone for a potential short opportunity. If ETH fails to break 2,691 USD and shows signs of weakness, a sell order could be placed, targeting lower price levels.
Bearish Target
If the bearish scenario plays out, the first target could be around 2,300 USD, with room for further downside if selling pressure increases. It’s important to set a stop-loss just above the resistance to manage risk.
What’s your take on this potential ETHUSDT move? Do you think it’s time to sell or hold? Let us know in the comments!
XAUUSD today Gold prices continue to struggle in gaining any significant momentum, remaining confined within the familiar range that has persisted over the past week or more amid mixed fundamental signals. Rising tensions in the Middle East, coupled with a weaker risk appetite, are providing some support for the safe-haven asset, XAU/USD. Despite these factors, the market has yet to see a clear breakout, leaving traders watching closely for stronger catalysts to emerge.
GBPUSD : Trading with the head and shoulders patternThe Head and Shoulders pattern in this chart is signaling a potential bearish reversal.
Key area: If the price breaks below the neckline around 1.3040, we might see a continued downward movement.
Target price: If the breakout is successful, the price could drop towards the 1.2815 zone.
Strategy: You can consider entering a sell position if the price falls below 1.3040, aiming for 1.2815, with a stop loss placed safely above 1.3170 (right shoulder area).
Wishing you all successful trades and good luck!
Dual Strategy for BNB/USDT: Buy or Sell OpportunitiesBuy Strategy:
Entry: Look to enter a long position if the price holds above the 563 - 567 support zone, showing signs of a reversal.
Target: Aim for the 581 resistance level as your first profit target.
Stop Loss: Place a stop loss below the 563 level to protect against further downside.
Sell Strategy:
Entry: If the price fails to break above 581 and shows signs of weakness, consider entering a short position from this resistance level.
Target: The first target could be the 563 - 567 zone. If price breaks below this, the next target is around the stronger support zone between 540 - 550.
Stop Loss: Place a stop loss above 581 to minimize potential losses in case of a breakout.
By balancing these two approaches, you can capitalize on price movement whether it goes up or down. Good luck with your trades!
BTCUSDT Trading Strategy. Based on the provided chart and the market context, here is a concise analysis and strategy for trading BTCUSDT:
Strategy: Focus on a bullish trend with potential pullbacks.
Current Price Zone: BTCUSDT is trading around 63,676, with the next resistance zone around 64,038.94. A breakout above this level could open the path to higher levels.
Key Resistance: The next significant resistance lies between 66,000 to 66,100. Watch for price action at this zone as it may trigger either a pullback or consolidation.
Support Zone: In the event of a pullback, a strong support area lies around 62,300 to 62,500. This is a good re-entry point if prices dip.
News Impact: Monitor any global or regional market news as geopolitical tension or economic announcements could push volatility.
Trade Direction:
Enter long positions on bullish momentum, especially after breaking the 64,000 level. A pullback near 62,500 offers a chance for additional buys. Target the 66,000 zone, but consider partial profit-taking at key resistance levels.
AUDCAD 95% ACCURATE TRADESI have mentioned in the chart the exact points for the sell limit, stop loss, and take profit. Kindly use this on a demo account first before applying it in live trading. Trading involves risk, so be careful with your capital. I am trying day by day to achieve more accuracy. Thanks, and kindly follow, like, and comment.
SPY Will Collapse! SELL!
My dear subscribers,
My technical analysis for SPY is below:
The price is coiling around a solid key level - 572.97
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 570.79
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
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WISH YOU ALL LUCK