Hello Traders, Due to longer term Bearish Trend in the pair I'm more with the Red Path, However, we have to follow the market! Any Breaks below the channel and 1.0500, may head the price to 1.0468. Any Breaks over the zone, could make us see the 1.0577. We should close our trader before Retail Sales release on Tuesday.
may not be moving as expected today due to several factors: 1. Low Volatility: Mondays, particularly the first trading day of the week, often experience low volatility as traders and investors analyze the previous week's market events and wait for significant catalysts. 2. Lack of Fundamental Triggers: If there are no major economic data releases or geopolitical events scheduled for today, the market could remain range-bound. 3. Holiday Effect: Sometimes, certain global markets might be partially closed or have reduced participation, especially if a holiday overlaps with the start of the trading week. 4. Technical Adjustments: Market participants might be waiting for key levels to be tested before committing to new positions, resulting in sideways movement.
US10Y is still high. If it does not fall, $ cannot rise. What we are seeing now is the price stagnating @ 1.0493 - not knowing whether to go UP or DOWN. But looking at the charts, I can see some lines forming. Perhaps we can use them as a guide to see what can happen next. Good luck.
https://www.tradingview.com/x/9HScR59i/ Hello, Friends! It makes sense for us to go short on SILVER right now from the resistance line above with the target of 30.300 because of the confluence of the two strong factors which are the general downtrend on the previous 1W candle and the overbought situation on the lower TF determined by it’s proximity to the upper BB band. ✅LIKE AND COMMENT MY IDEAS✅
12.11.2024 / NYSE:RBLX Fundamentals. There was no significant news. The stock was listed due to the gap and a smooth, non-volatile movement at the beginning of trading session. Technical analysis. Daily chart: Uptrend. There is an attempt to update 59.80 2-years high after a small pullback. The level is not marked on the chart, since the price did not show a significant reaction to it during the trading session. Premarket : Gap Up on moderate volume. Trading session: The stock continued its upward trend movement after an unsuccessful attempt to go below the opening price. The price met significant resistance at the level 60.00 after passing the level 59.19. After a sharp pullback, the price quickly returned to the level and entered a half-hour accumulation with a smooth tighten. We are considering a long trade. Trading scenario: breakout (tightening) of level 60.00 Entry: 60.04 aggressive entry into the breakout with a small reserve for slippage. We do not expect a retest since accumulation with tightening is usually accompanied by a strong impulse movement. Stop: 59.85 we hide it behind the last tail of the tightening. Exit: After the breakout, we observe an impulse movement without a trend structure. It is optimal to take profit in parts for such movements upon reaching certain target RR profit (1/3, 1/4, etc.) with subsequent tightening of the stop. For example, we close part of the position upon reaching RR 1/3, with the continuation of the movement we pulled the stop to the profit level of 1/3, etc. Risk Rewards: 1/4
#XAUUSD on double retracment, price based on H4 past candle have corrected on same direction which turns out bearish, firstly we expect 2644 then breakout below the D1 low will drop below. Sell stop at 2657, take profit 2644-2630, stop loss 2665. Gold bullish is not strong for today.
Let's consider the scenario on the currency pair USDCHF. At the moment there is a local upward movement on the background of a decrease in the Swiss interest rate. It is not rational to consider a long entry point now, as the growth potential is not significant. But a good corrective downward movement, within the framework of intraday trading, should be taken. The resistance level 0.89227 is formed above the current price, on the senior timeframe, which is usually in priority. The level has not been tested, the first test is the most accurate. From the border of this resistance we place a limit order to sell. Stop Loss is placed, according to the rules of the trading algorithm, behind the upper boundary of resistance, taking into account the false breakdown. Such manipulation gives additional protection and limits the risk. After opening the order, a downward movement is expected, at least to the support level of 0.88750, where it will be necessary to move the stop loss to breakeven to protect the open position. At the level of 0.88758 we will fix a part of profit. The main target is the key support level 0.87867. The potential is good, the risk/profit ratio is satisfactory.
COINBASE:ETHUSD E&H/USD has been floating around 4000$ and after coming back from technical correction it is setting its eyes on ATH. A fall below 3500$ might hinders it's plan. My advice would be to buy around 4000 or on dips with SL being tight around 3700$ & look for 4700$ comment & boost if you think it's helpful in any way.
Dogecoin is currently trading around a key support level at $0.40, with the market poised for its next major move. This level will likely play a crucial role in determining the short-term trend, as the balance between buyers and sellers tightens. A dip toward $0.394 followed by a strong recovery could signal that bullish sentiment remains intact, with buyers likely targeting higher resistance level (Dashed Green Projection). A break above the $0.432 mark would confirm a shift in momentum, opening the door to further upside toward the critical resistance at $0.485 and possibly beyond (Solid Green Projection). Conversely, a failure to hold the $0.394 support may indicate weakness, increasing the probability of a deeper decline. In this case, the next significant support lies around $0.374, and a breach of this zone could accelerate bearish pressure, pushing prices closer to $0.342 (Red Projection).
USDCHF Could Develop a Complex Pattern Ahead of FOMC USDCHF has reached the top of the structure zone at 0.8950, and the price has reacted accordingly. With the FOMC meeting scheduled for Wednesday, the market is focused on Chair Powell's speech and a possible hawkish statement, which could create a pause before the price moves down. Currently, selling USDCHF is a bit risky, but the situation may become clearer later. Watch for reversal signs. Targets: 0.8870 0.8815 0.8760 You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️