OANDA:XAUUSD reached an all-time high this week, testing the zone above 2800 and maintaining an upward trajectory, as I noted in my last weekly post. January candle closed strongly above the 2024 high, indicating a strong bullish momentum in the market. Any pullback at this stage could present a prime opportunity to go long, if this doesn't turn out to be a false breakout of last year's high. https://www.tradingview.com/x/eUKbTMqK/ However, on the daily timeframe, the formation of a long-tailed bar suggests a potential rejection at this resistance level, indicating the possibility of a pullback. Additionally, on the weekly timeframe, we can observe a closing below the psychological level of 2800 and weekly candle tail, which hints at potential selling pressure above. Overall, I anticipate the market to continue bullish movement, potentially reaching resistance zone of 2830-2850, which seems achievable unless the price action indicates otherwise. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad ??
I don't see any fundamental or technical indications for a correction larger than 6020-6000 here. After the Fed meeting, the inflation data and the first big earnings reports, nothing hints at a 20% correction as some are claiming here.
? Market Context: - XRP/USD is in a downtrend, forming lower highs and lower lows on the 4-hour timeframe. - The price has bounced off a key support zone (green highlighted area) but remains under bearish pressure. Long here should have a tight stop, and be careful not to over margin your position. - Fibonacci retracement levels indicate potential resistance zones above. ? Trade Entry Criteria: - The price has reacted to a strong support level around 2.79 - 2.80 USD, forming a potential double bottom. - A bullish reversal is possible if the price breaks above the 2.85 - 2.90 USD resistance zone. - Alternatively, rejection from resistance could lead to another leg down. ? Trade Targets & Risk Management - Bullish Scenario: - Entry Price: Above 2.85 USD - Take Profit (TP1): 2.95 USD (38.2% Fibonacci) - Take Profit (TP2): 3.00 - 3.05 USD (50%-61.8% Fibonacci) - Stop Loss (SL): Below 2.75 USD - Bearish Scenario: - Entry Price: Below 2.79 USD (break of support) - Take Profit (TP1): 2.68 USD (-27.2% Fib extension) - Take Profit (TP2): 2.54 USD (-61.8% Fib extension) - Stop Loss (SL): Above 2.85 USD ? Profit Target Justification: - The bullish target aligns with key Fibonacci retracement levels and a previous liquidity zone. - The bearish target aligns with Fib extensions and historical price action, indicating potential further downside. ? Summary ✔ Price at key support level with a possible bounce or breakdown. ✔ Fibonacci confluence provides clear trade setups for both bullish and bearish scenarios. ✔ Risk-to-reward ratio is favourable in both directions. ? Invalidation: If price breaks below 2.75 USD, bullish setups are invalid. Conversely, a strong move above 2.90 USD would invalidate bearish setups.
//@version=5 indicator("Overbought/Oversold & High Volume Zones", overlay=true) // ? RSI برای اشباع خرید و فروش rsiLength = input(14, title="RSI Length") overboughtLevel = input(70, title="Overbought Level") oversoldLevel = input(30, title="Oversold Level") rsi = ta.rsi(close, rsiLength) // ? میانگین حجم برای شناسایی مناطق سنگین volumeMA_Length = input(50, title="Volume Moving Average Length") volumeMA = ta.sma(volume, volumeMA_Length) highVolumeZone = volume > volumeMA * 1.5 // ناحیهای که حجم 1.5 برابر میانگین است // ? نمایش نواحی اشباع خرید و فروش rsiOverbought = rsi > overboughtLevel rsiOversold = rsi < oversoldLevel bgcolor(rsiOverbought ? color.red : na, transp=80) // پسزمینه قرمز برای اشباع خرید bgcolor(rsiOversold ? color.green : na, transp=80) // پسزمینه سبز برای اشباع فروش // ? نمایش نقاط حجم بالا plotshape(series=highVolumeZone, location=location.bottom, color=color.blue, style=shape.labelup, title="High Volume") // ? نمایش RSI روی چارت hline(overboughtLevel, "Overbought", color=color.red) hline(oversoldLevel, "Oversold", color=color.green) plot(rsi, title="RSI", color=color.blue)
You have to see the buyings level according to price action last week's supply measured to find exact now's supply. I'm expecting from this buying zones as a demand zone same as like last week move... Let's see what happens in future?
Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments? A few moments ago price broke $1.0410 level and started to trades inside flat, where it at once fell to $1.0250 level. Then Euro bounced up from this level and rose to resistance area, after which turned around and started to decline. In a short time, price fell to $1.0180 points, thereby exiting from flat and then started to grow in rising channel. Inside channel, price broke $1.0250 level, rose a little, and then made a small correction to support line. Next, Euro rose to $1.0530 points, thereby breaking resistance level and making a gap, but soon fell to $1.0350 points. Price exited from channel, so, now I think it will make move to resistance level and then fall to $1.0250 level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
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Here we have OTHERS (the total crypto market excluding top 10) so basically all the altcoins. If we look in a very simple historical perspective, we can see the OTHERS tends to break its ATH in february. Once OTHERS broke its ATH, alts went parabolic, resulting in an amazing ROI. We are in February now... will the same repeat? lets see ? Make sure to accumulate accordingly and DO NOT panic sell. imo the market is heavily over solds, definitively some of the altcoins out there. Take advantage of the blood in the streets, even if its your own. Make sure to follow my socials IG: @ammarrrcrypto (ig deleted me at 5K) YouTube: @ammardeey X: @ammarrcrypto
Gbpchf has alread shown a bullish behaviour although conditions not met for entry but will take the risk let see
Ok we have reached our last major reversal area... now we going back up To make sure we want to break thru resistance which is the orange line on top.. at the 376 fib level You can buy up to there and take profits there... go to 5 min charts for pullback entry if your not in already and take profits at the 376 fib level... How ? ever if price breaks thru support the orange lines on the bottom wait for a pullback and sell down to the next level of support