EOSUSDT is primed for a massive breakout!A powerful Wolfe Wave pattern has formed on the weekly chart, indicating a potential for significant price movement. The current price is nearing the key support level, presenting an excellent entry opportunity.
Additional bullish signals:
Two active harmonic patterns further reinforce the bullish outlook.
Increasing trading volume suggests a growing interest in EOS.
Don't miss out on this potential profit opportunity!
Don't risk it, please don't forget to set a stop loss, when we reach the first target, save some profit, and then change the stop to entry.
Disclaimer: This is not financial advice. Please do your research before making any investment decisions.
Signals
GOLD is stable, trading day with lots of big data and eventsOn the Asian market on Wednesday (December 4), OANDA:XAUUSD Spot delivery is basically stable, gold price is currently around 2,644 USD/ounce.
In New York trading on Tuesday, gold hit a daily high as South Korea's martial law boosted safe-haven demand.
South Korean President Yoon Seok-yue gave an emergency speech at the Yongsan Presidential Office in Seoul on Tuesday evening local time and issued an emergency martial law order. After this news arrived, spot gold soared to 2,655.64 USD/ounce.
Gold prices then gave up gains when South Korean President Yoon Seok-yue announced the lifting of martial law. As of the end of Tuesday, spot gold increased 0.2%, closing at 2,643.38 USD/ounce.
On this trading day, there are multiple event risks in the US, including the ADP employment report, ISM services PMI, Federal Reserve Begie Book and Federal Reserve Chairman Powell's speech . Among them, the ADP jobs report and Powell's speech attracted the most attention.
Today (Wednesday), US ADP employment change data for November will be released. This data is known as “small non-farm” and is expected to create a significant impact in the market.
Surveys show that US ADP employment is expected to increase by 150,000 in November. Previously, US ADP employment increased by 233,000 in October.
On the same day, the US ISM non-manufacturing purchasing managers index (PMI) for November will be published and is expected to be 55.5.
Fed President St. Louis Mussallem will give a speech. On Thursday, the Federal Reserve will release Begie Bôk on economic conditions.
On Thursday, Federal Reserve Chairman Powell will be invited for an interview at the DealBook/Summit conference hosted by the New York Times.
In his final speech in November, Powell said the Fed was in no rush to cut interest rates, citing a solid job market and inflation remaining above its 2% target.
Analysis of technical prospects for OANDA:XAUUSD
On the daily chart, gold is still in a state of prolonged accumulation with price activity mainly sticking around the 21-day moving average (EMA21) and the technical point of 2,644USD.
Although gold has recovered after the previous decline, the overall picture is still inclined to decrease in price with the main trend from the price channel, on the other hand, pressure is still created from EMA21 along with activity. of the Relative Strength Index RSI remains below 50. These factors provide gold with conditions for a bearish trend.
As long as gold remains within the price channel, its technical outlook remains tilted to the downside and rallies should be considered short-term recoveries.
On the other hand, if gold is sold below the 0.618% Fibonacci retracement level it will likely continue to decline to a subsequent target of around $2,606 – $2,600. In addition, a new bearish cycle will be opened once gold is sold below the original price of 2,600 USD.
During the day, the bearish technical outlook for gold will be noticed by the following points.
Support: 2,634 – 2,606 – 2,600USD
Resistance: 2,663USD
SELL XAUUSD PRICE 2681 - 2679⚡️
↠↠ Stoploss 2685
→Take Profit 1 2674
↨
→Take Profit 2 2669
BUY XAUUSD PRICE 2599 - 2601⚡️
↠↠ Stoploss 2595
→Take Profit 1 2606
↨
→Take Profit 2 2611
XAUUSDGold prices have recovered slightly, trading at $2,639.97 an ounce, marking a modest gain of 0.20% over the past 24 hours. The recovery comes after a recent decline, driven by a stronger US dollar and rising US Treasury yields.
The current rise reflects cautious optimism among investors as the market awaits key economic data from the United States. The upcoming labor market report is expected to provide insights into the Federal Reserve’s future monetary policy, especially its stance on interest rates.
Despite the temporary relief, gold remains sensitive to moves in the dollar and bond yields. Market focus on key economic indicators could shape the trajectory of gold in the coming sessions, keeping traders on their toes.
GBP/USD --> Counter-Trend Correction Before Further DeclineFX:GBPUSD during the correction process, the price has reached the area of interest and resistance from which further bearish momentum can be expected, in the context of the dollar returning to its upward trend.
Overall, the market continues to struggle around the 1.267 area, which is considered a strong support zone. However, buyers appear to have limited opportunities to push the price higher as the dollar strengthens, fueled by Trump’s policies that exert significant pressure on the forex market.
From a technical perspective, GBP/USD is attempting to break out of the main range, testing the key support level. However, with the price currently testing strong support, we might see a corrective move toward the 1.275–1.285 area (0.618 Fibonacci retracement) before resuming the downtrend. It is also worth emphasizing the 1.256–1.248 range. A break and consolidation below this zone would confirm the bears’ intentions.
CAD/JPY Analysis – Potential Bearish SetupThe CAD/JPY pair is showing signs of bearish momentum within a descending channel on the 1H timeframe. The recent price action indicates potential for further downside, supported by technical confirmations:
Descending Channel: The price is respecting the boundaries of a well-defined bearish channel, suggesting continued downward momentum.
Weak Low Formation: The pair has formed a weak low at 106.229, potentially signaling the market's intention to grab liquidity below this level.
Bearish Order Block: A supply zone near 107.150 is acting as strong resistance, aligned with the channel's upper boundary.
Break of Structure (BOS) and ChoCH: Multiple BOS and ChoCH patterns indicate a bearish shift in market structure, adding confidence to the downside bias.
RSI Confirmation: The RSI shows bearish divergence, further supporting the bearish outlook.
🔑 Plan:
Entry Zone: Around 106.250 (near the weak low).
Take Profit Targets:
TP1: 105.502
TP2: 104.675
Stop Loss: Above the 107.150 resistance level to limit risk.
This setup offers a favorable risk-to-reward ratio for traders looking to capitalize on CAD/JPY's bearish momentum. As always, risk management is key—trade responsibly and monitor for any unexpected market shifts.
EUR_JPY SUPPORT AHEAD|LONG|
✅EUR_JPY will be retesting a support level soon around 154.361
From where I am expecting a bullish reaction
With the price going up but we need
To wait for a reversal pattern to form
Before entering the trade, so that we
Get a higher success probability of the trade
LONG🚀
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XAUUSD - Short SetupMy main trading principle is that the price always moves from swept liquidity levels to untouched liquidity levels.
In particular case we clearly can see the following context: price swept 1D key liquidity level and left untouched level lower.
But to take more statistically more probable trades we should wait for some time of lower timeframe confirmation. For me the best way to confirm higher timeframe context is structure.
We can notice the break of market structure (sign of weakness) on key liquidity level, so there is a higher probability to see price lower at least on opposite level (marked lower).
Your success is determined solely by your ability to consistently follow the same principles.
US30 - Short SetupMy main trading principle is that the price always moves from swept liquidity levels to untouched liquidity levels.
In particular case we clearly can see the following context: price swept 1D key liquidity level and left untouched level lower.
But to take more statistically more probable trades we should wait for some time of lower timeframe confirmation. For me the best way to confirm higher timeframe context is structure.
We can notice the break of market structure (sign of weakness) on key liquidity level, so there is a higher probability to see price lower at least on opposite level (marked lower).
Your success is determined solely by your ability to consistently follow the same principles.
XAUUSDHere is our view on XAUUSD . Potential long opportunity.
XAUUSD has been trying to break below our Key Level 2624 for quite some time. Today we sent out an quick update regarding XAUUSD and explaining that if we manage to break below 2624 we could enter into sells to lower Key Levels 2604 and 2590 . However we also mentioned a break above 2640 would result in more upside . Considering the fact we have broke above 2640 we are looking for buys on this pair.
PARAMETERS
- Entry: 2638.000
- SL: 2628.000
- TP: 2678.000
KEY NOTES
- XAUUSD failed to break 2624.
- XAUUSD broke above 2640.
- Breaks below our SL (Stop Loss) would result in lower prices and possible reverses.
Happy trading!
FxPocket
WHAT DO YOU THINK!!!Hello friends
This MEMECOIN has been placed in a TR for a long time with a start of a strong upward movement.
Now, according to the good conditions of the market, we expect it to move to the specified targets in case of failure of its TR...
Don't forget capital management.
Be successful and profitable.
SMCI This is why investors should always keep a clear mindset.It was only a month ago (November 07, see chart below) when we gave a very strong long-term buy signal on Super Micro Computer Inc (SMCI), in the midst of a price collapse following the resignation of their auditor (Ernst & Young) and compliance delays with stock index requirements:
Putting the fundamentals aside, we made this bold call by purely looking at the technicals, which in turbulent times like these (market fear on news) tend to deliver a clearer and more objective picture.
The price had just hit the 1W MA200 (orange trend-line), for the first time in 4 years (since October 26 2020), while reaching Fibonacci level 1.0, which was the former top of the Channel Up for 4 years until it broke and the stock turned parabolic from January 2023 to March 2024. At the same time, the 1W RSI touched the oversold barrier (30.00) for the first time since March 16 2020 and second since October 01 2018, which was the start of the Fibonacci Channel.
As a result, that gave us a very strong buy signal combo, which as you saw was immediately translated into a price rebound. Less than a month after, the stock is about to close the gap of the October 28 2024 1W candle, which was the week of the Ernst & Young collapse. This amount of buying pressure indicates that there were a lot of long-term buyers waiting on the buy zone we identified and assuming SMCI continues to restore faith in their reported accounting practices, are looking for a new multi-year rally.
Our $122.50 Target remains intact for Q3 2025, which is basically the stock's All Time High (ATH). Technically there is room for a 2025 extension within the 3.5 - 4.0 Fibonacci Zone.
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CADJPYHere is our view on CADJPY . Potential short opportunity.
CADJPY has been following the downtrend for quite some time now. After its pullback to 107.100 the H4 is turning bearish again. After considering this we might continue following the trend and target lower levels such as 105.400 and 104.780 where our TP (Take Profit) is sitting at. If we break above our SL (Stop Loss) sitting at 107.485 we might visit higher prices. Our entry is at market price (current) sitting at 106.665 .
PARAMETERS
- Entry: 106.665
- SL: 107.485
- TP: 104.780
KEY NOTES
- CADJPY is in a downtrend.
- CADJPY has made its pullback to 107.100.
- Breaks above our SL (Stop Loss) would result in higher prices and possible reverses.
Happy trading!
FxPocket
NASDAQ Santa rally is starting.Nasdaq (NDX) has been following the blueprint of the 2020/21 Bull Cycle to high precision so far, as we showed on our analysis almost 4 months ago (August 19, see chart below):
As you can see it is already marching towards Target 1 (23250) on the 0.236 Fibonacci retracement level, well inside the Channel Up. We expect that to get hit by the final week of December, which can be translated as the infamous 'Santa rally', a frequent seasonal price increase at the end of the year.
As mentioned, this Channel Up displays strong similarities with the patterns of August 2020 - November 2021 and before the COVID crash of December 2019 - February 2020. All those Channel Up patterns are within the dominant long-term structure of the 6-year Bullish Megaphone.
The key here is for the 1W MA50 (blue trend-line) to hold and continue to offer support, as within those 6 years the only two times it broke were during the corrections of the 2022 Inflation Crisis and the March 2020 COVID flash crash.
As long as it holds, the current Channel Up should, besides the immediate Target 1 (23250), complete the sequence and peak towards the end of 2025 as close to a +185% rise (from the October 2022 bottom) as possible. This is why our long-term strategic Target (2) is a little lower at 27000.
As a side-note, see how well the 1W RSI held and bounced in September on the Symmetrical Support Zone, in similar fashion as 2020 - 2021. Also the 1W MACD displays a similar pattern between the two fractals.
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Xai/UsdtBINANCE:XAIUSDT
### **Current Price: 0.3773 📊**
The current price of **XAi** is **0.3773**. If the price holds steady here, it could potentially rise towards the next resistance levels.
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### **Resistance Levels 🚧**:
These are the price points where XAi may face difficulty rising above. If the price breaks through them, it could continue climbing.
- **0.4100** 🚀: The first resistance level. If broken, the price could continue upwards.
- **0.4345** ⚡: A stronger resistance point. Breaking this might signal more bullish momentum.
- **0.4934** 🌟: A key resistance level that could indicate a major price surge if breached.
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### **Support Levels ⬇️**:
If the price does not hold and starts to decline, it may find support at these levels, where buying interest could stop the price from falling further.
- **0.3600** 🛑: The first support level. If the price drops to this point, it might stabilize or bounce back up.
- **0.2800** 💡: A more significant support level. A drop here could indicate further weakness.
- **0.2500** 🏚️: A crucial support level. If this breaks, further declines could be expected.
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### **Explanation**:
- If **XAi** holds at its current price of **0.3773** 📊, it could target the **resistance levels** (0.4100, 0.4345, 0.4934) 🚀⚡🌟.
- However, if the price fails to hold at the current level and starts to drop, it could fall back to the **support levels** (0.3600, 0.2800, 0.2500) 🛑💡🏚️.
- If the price breaks through any of the support levels, it may continue to decline, signaling a potential bearish trend 📉.
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### **Not Financial Advice 🚫💸**
This is just an analysis based on current price levels. Always do your own research and stay cautious when trading!