gbpnzd my bias is long .it broke stracture to the upside with good momentum.i will wait for retracing.
Gap up opening expected in nifty near the 23800 level. After opening if nifty sustain above 23800 then possible upside movements upto 24000. 24000 level will act as a strong resistance zone for today's session. Possible nifty will reversal from this level upto the 23800 and this can be extend for further downside rally upto 23500 if nifty starts trading below 23750 level.
The EUR/USD pair continues to show bearish potential on the daily timeframe. While Friday's high could be taken as part of a retracement, the overall trend remains bearish. There is a potential move toward the sell-side liquidity (SSL) below, aligning with unmitigated imbalance zones and market structure. Watch for price reaction in and around the Daily FVG level and the Fibonacci retracement zones for a potential bearish setup on the lower timeframes. Trade Safe ;)
As anticipated, price action broke through the middle band of the bollinger bands on the weekly and sadly did not produce a wick. Price action rejected off of the lower band placing us in a range bound movement again. While overall movement is sideways, with two red candles preceding this a green candle is stastically more likely and overnight on Sunday (tonight) will hopefully yield some movement out of USDX to the downside as I anticipate that this most recent market volatility is due to the over-active Federal Reserve board trying to shake things up prior to Trump taking office. It is no secret that the Board and Donald Trump do not see eye to eye and do not like each other. The thing is, these markets are hitting record volumes monthly. The entire market has pulled back which is a normal knee jerk reaction to the Fed loosening up on printing. I am in the banking sector professionally and know that the high rates have caused banks to fail and did very little to help slow inflation anyway. I do not foresee the rapid lowering of interest rates to do very much damage over the long run considering oil prices can be weaponized by the whitehouse to target high inflation, simply by making fuel dirt cheap inflation will go away. I would say, lets keep watching these order walls that are just below and above current price action within whatever order flow program you choose and lets see if that lower order wall moves up. I have a gut feeling that it is going to move up and when it does the price will level up.
Today will be slightly gap up opening expected in banknifty. Expected opening near 51500 level. After opening if banknifty starts trading and sustain above 51550 level then only expected further upside movement in banknifty. Otherwise below 51450 level expected downside upto 51050 and this can be extend for further 400-500+ points in case banknifty starts trading below 50950 level.
here's what I have made of this chart I hope this helps > God Bless
CAPITALCOM:SILVER Chart Analysis: Silver (XAGUSD) 1-Hour Timeframe Current Market Structure Strong High: Significant resistance level near the top of the chart. Swing Low: Key support level near the bottom. Break of Structure (BOS): Indicates a potential reversal or continuation. Order Block (OB): Areas highlighted in green where institutional buying or selling might have occurred. Breakout Block (BB): Potential breakout area near the top. Fibonacci Retracement Levels: 0.382: $29.108 0.5: $29.222 0.618: $29.336 0.705: $29.450 0.786: $29.498 Indicators RSI: 61.59 (neutral to slightly bullish) MACD: Bullish momentum with histogram at 0.567 and signal line at -4.915 Volume Profile: High volume areas indicating strong support or resistance. Buy Strategy Confirmation: Look for bullish candlestick patterns (e.g., hammer, bullish engulfing) near the OB zone around $28.850 - $29.000. Ensure RSI is above 50, indicating bullish momentum. Entry: Enter a buy position around the OB zone ($28.850 - $29.000). Stop Loss: Place a stop loss below the swing low at around $28.700 to minimize risk. Take Profit: First target at the 0.5 Fibonacci level ($29.222). Second target at the 0.786 Fibonacci level ($29.498). Sell Strategy Confirmation: Look for bearish candlestick patterns (e.g., shooting star, bearish engulfing) near the strong high or BB zone around $29.688. Ensure RSI is below 50, indicating bearish momentum. Entry: Enter a sell position around the strong high ($29.688). Stop Loss: Place a stop loss above the strong high at around $29.800 to minimize risk. Take Profit: First target at the 0.618 Fibonacci level ($29.336). Second target at the OB zone around $28.850 - $29.000. VIP Signal Format ENTRY: $28.850 - $29.000 (Buy near this level) TP1: $29.222 TP2: $29.498 SL: $28.700 This analysis combines price action techniques with key technical indicators to provide a comprehensive buy and sell strategy for Silver (XAGUSD). If you have any more questions or need further adjustments, feel free to let me know! ?? Follow @Alexgoldhunter for more strategic ideas and minds
here as you can see is basic chart analysis with a small bit of ICT CONCEPT included I always try my best to make it make sense so if this helps this is goes on MINDS .how about any IDEAS my traders any toughts ? > God Bless
SHIB is range bound however movements tend to be fairly large with this asset after it has finished the inital pump. I show 2 possible bullish scenarios with the green lines indicating the most likely direction for the trade with the red dots indicating a take profit, not a short entry. This is because of the eratic nature of this coin price action could break out above either of the order walls both above and below current price action. These order walls are keeping the price action range bound with sideway movement the most likely scenario at this time. This coin already pumped almost 400% and has already pulled back substantially. Any take profits could lead to substantial cash in a re-entry at a lower price scenario or yield a massive amount of additional coins.
Traders we are approaching Christmas day! On these days we normally find that the market is having unusual volatility, most of the times is low volatility and volume in the market. We need to make sure that we are aware of this so that we become carefully when it comes to making decision in the market!