GBPUSD Bearish Trend in short termAccording to this analysis GBPUSD Price will Candles to sell Side once price will more fall to Down ward. if the price will Break from 1.20500 then its break from there then next possible Support will be 1.19500 So how it will plays?
Keep eye on on it how the price will react Thanks Traders.
PS Support with like and comments for more insights.
Community ideas
Yen carry trade and NASDAQShort term trade - if Japan increases interest rates as it did in July, there's a high chance the Yen Carry trade will unwind again, causing a large drop. If Japan doesn't raise them, I'd close the trade soon after that.
THE SL is orientational the point of the trade is to hold till the decision on friday.
Continue to be bullish and wait for lows to buyGold prices continue to maintain a bullish trend structure intact. Today, we will follow the trend to find the low point to participate in buying. The daily line continues to rise strongly. The MA10/7-day moving average keeps opening upward and gradually moves up to 2702/2714. The Bollinger band opens upward and the RSI indicator turns upward. The short-term four-hour chart maintains a continuous new high and breaks through the 2740 mark. The moving average system keeps opening upward, the price runs along the upper track of the Bollinger band, and the RSI indicator reaches above 70. It is necessary to pay attention to the overbought situation before the US market today. Today's trading idea is to follow the trend and buy at a low price!
After the gold breakthrough, the gold bulls restarted. Now the bulls are still strong. The decline is an opportunity to go long. Gold has been rising all the way, and the gold bulls continue to be strong. The Asian market has fallen back and continued to go long. There is still room for gold bulls to go up.
Gold's 1-hour moving average continues to diverge upwards, and it is still the main field of bulls. The second highest point of gold, 2733, is now short-term support. Gold will continue to buy on dips when it falls back to 2733 in the Asian session. Don't rush to buy in the Asian session, and wait patiently for the opportunity to fall back. After all, gold is now far away from the moving average support. Wait patiently for the callback in the short term to continue to buy.
First support: 2740, second support: 2733, third support: 2726
First resistance: 2758, second resistance: 2766, third resistance: 2774
Operation ideas:
BUY: 2733-2735,
SELL: 2768-2770,
AUDJPY FORECASTThe price is developing nicely. With this price action we need to give it time for more price development and letting the price reach at the key area. I always be speaking about patient, there is no way to ignore it, because when you are taking unmatured trades you actually increase the risk to your capital. Learn to know when to be out of the market.
AMD Goin For The Gap Fills! Hey fellow traders and followers! Hope your New Year has started out to be a good one so far despite the craziness that surrounds us on a daily basis.
2025 has started out to be what will likely be labelled ( The Crazy Year).
Let's dive into AMD and look opportunity straight in the eye. We have some gap fills likely to play out on the daily chart so lets look at taking a grab for the cash.
We have a small gap at and where I'm placing my breakline at 127.36 .
Ok, we break above and test or not that area price will find it's way to fill 137.40 area which I will call (Target-1) . Target-2 lies at 158.94.
Hope to see this play out and everyone gets the grab at some cash $
Remember to have a safety trailing stop in place just below the 10sma or 20sma on 4hr.
Best of luck in all your trades and may 2025 be a profitable year for you all. Peace my friends.
Bullish rise?GBP/CAD has reacted off the support level which is an overlap support that is slightly below the 38.2% Fibonacci retracement and could rise from this level to our take profit.
Entry: 1.7650
Why we like it:
There is an overlap support level that is slightly below the 38.2% Fibonacci retracement.
Stop loss: 1.7556
Why we like it:
There is a pullback support level that aligns with the 71% Fibonacci retracement.
Take profit: 1.7821
Why we like it:
There is a pullback resistance level that is slightly above the 61.8% Fibonacci retracement.
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XAUUSD H4 | Bearish Reversal Based on the H4 chart, the price is approaching our sell entry level at 2,757.98, which aligns with a strong resistance level and the 127.2% Fibonacci extension. This level is expected to act as a potential reversal point in the bearish setup.
Our take profit is set at 2,727.65, a key support level where price may find buying interest.
The stop loss is placed at 2,788.49, above the previous swing high, providing room for price fluctuations while ensuring the bearish setup remains valid.
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Elliott Wave View on S&P 500 Futures (ES) Looking to Resume HighShort Term Elliott Wave view in S&P 500 Futures (ES) suggests that rally to new all time high on 12.16.2024 at 6163.75 ended wave ((3)). Pullback in wave ((4)) is proposed complete at 5808.4 as the 1 hour chart below shows. Internal subdivision of wave ((4)) unfolded in a double three structure. Down from wave ((3)), wave (W) ended at 5866 and wave (X) ended at 6107.5. Wave (Y) lower ended at 5809 which completed wave ((4)).
The Index has turned higher in wave ((5)), but it still needs to break above wave ((3)) at 6163.75 to rule out a double correction. Up from wave ((4)), wave ((i)) ended at 5918.5 and wave ((ii)) pullback ended at 5842.50. Index nested higher in wave ((iii)). Up from wave ((ii)), wave (i) ended at 5898.75 and pullback in wave (ii) ended at 5848.75. Wave (iii) higher ended at 6017.50 and pullback in wave (iv) ended at 5961.75. Final leg wave (v) ended at 6078.25 which completed wave ((iii)). Dips in wave ((iv)) ended at 5994.5. Expect wave ((v)) to complete soon which should end wave 1 in higher degree. Afterwards, it should pullback in wave 2 to correct cycle from 1.13.2025 low in 3, 7, or 11 swing before it resumes higher.
Technical Analysis: SOL/USDT (1D Chart)
Technical Analysis: SOL/USDT (1D Chart)
Analysis Overview:
The chart depicts a potential bullish scenario for SOL/USDT, highlighting key entry zones and price action structure. Here's the breakdown:
Entry Zones:
Entry 1 (Immediate Support Zone):
Zone: Around the $210-$220 range.
This area marks the first potential buying opportunity, where price has shown prior support and could bounce if retested.
Ideal for aggressive buyers seeking to capitalize on the current bullish momentum.
Entry 2 (Deeper Retracement Zone):
Zone: Around the $180-$190 range.
This zone represents a stronger support level, aligning with historical price action. It's suitable for conservative buyers awaiting deeper corrections.
Price Action and Path Projection:
A bullish continuation is expected if the price holds above the support zones.
Scenario 1: Price could bounce from Entry 1, consolidate slightly, and break higher, targeting levels beyond $280.
Scenario 2: If Entry 1 fails, the price might retest Entry 2 before forming a double-bottom pattern and resuming its upward trend.
Key Technical Indicators:
Moving Average (MA): The price is trading above a key moving average, reinforcing the bullish bias.
Buy and Sell Signals: Recent buy signals indicate renewed bullish pressure.
Volume: (Add volume analysis if relevant, e.g., increasing volume during breakouts.)
Targets:
Target 1: $300 – Based on the previous high.
Target 2: $350 – Major resistance from historical levels.
Risk Management:
Place stop-losses just below the support zones:
Entry 1: Stop-loss at $200.
Entry 2: Stop-loss at $170.
Use position sizing appropriate to your risk tolerance.
EurUsd - This Will Impact Your Trading In 2025!EurUsd ( OANDA:EURUSD ) is heading much lower:
Click chart above to see the detailed analysis👆🏻
For basically an entire year, EurUsd has been retesting a massive previous support which was then turned resistance. Over the past couple of months, we then saw a significant drop breaking all structure towards the downside and it is quite likely that this won't stop soon.
Levels to watch: $1.090, $0.970
Keep your long term vision,
Philip (BasicTrading)
Amd - It Comes Down To This Support!Amd ( NASDAQ:AMD ) is retesting massive support:
Click chart above to see the detailed analysis👆🏻
For more than three years, we have been seeing a quite volatile consolidation phase on Amd. Looking at recent price history though, Amd just came back to retest a massive horizontal support level and if we see bulls taking over, a rally of +100% is very possible.
Levels to watch: $120, $240
Keep your long term vision,
Philip (BasicTrading)
Bearish pullbackDollar Cad is attempting to move above the 1.45000 mark, which is a strong resistance zone based on the W and M frames. If price action remains under the above zone, a bearish pullback may happen due to failing to go through this zone. Alternatively, a break above may yield more growth for the pair.
Reversal for Gold?Price is printing a high timeframe trendline touch today ( 22.1.25 )
Price on the lower timefram have been trading in a rising channel since december 30th.
Price have broken out from the lower timefram channel now into a 3rd touch of a higher timeframe trendline.
If price now falls into the lower timeframe channel i will use that as validation for this thesis.
Reasoning for using the lower timeframe upper channel TL is becuase it has 4 datapoints and looks to be in play.
Entry: I will wait for price to fall into the channel then go short with my SL placed above a recent high.
GOAT(USDT)
#GOATT he price is rebounding from a key support zone and forming a potential breakout pattern on the weekly timeframe.
Key Price Targets:
🎯 Target 1: $0.80956
🎯 Target 2: $1.07772
🎯 Target 3: $1.38485
This structure indicates a strong potential for upward momentum if the support level holds.
XAU/USD Intraday Sell Analysis: Key Levels & TargetsDetailed Analysis of XAU/USD Chart
After conducting an in-depth analysis of the XAU/USD chart, I have identified key levels that are crucial for today's trading plan. The following points outline my findings:
Key Levels
Support Level:
I have determined the support level to be at 2730.
This level is a significant price zone where the market may find buying interest, preventing further downward movement.
Resistance Level:
The resistance level is set at 2760.
This is a critical zone where selling pressure is expected to increase, potentially limiting upward momentum.
Trade Bias
Based on the current market structure and trend analysis, I have a clear bearish bias. This means I am primarily focusing on selling opportunities rather than buying trades.
Target Levels
For my selling trades, I have defined two profit targets:
First Target (TP1): 2741
This is my initial target, a moderate level where partial profits can be secured.
Second Target (TP2): 2735
This is my final target for the session, which aligns with the anticipated downward movement based on my analysis
Gold Trade Plan 22/01/2025Dear Traders,
i See Triangle Pattern in BTC chart,
i expect price will be bounce off from 101-102 K to Complete Triangle Pattern,
First Target : 113 K
Second Target : 115 K
third Target 120 K
If you enjoyed this forecast, please show your support with a like and comment. Your feedback is what drives me to keep creating valuable content."
Regards,
Alireza!
Bearish reversal off overlap resistance?CAD/CHF is rising towards the pivot which is an overlap resistance and could reverse to the 1st support which acts as an overlap support.
Pivot: 0.63495
1st Support: 0.62910
1st Resistance: 0.63961
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