We recently broke-out of a trading range, to the Upside. Short now for Temporary Profits, or, Wait for the price to follow the grey line I drew in illustrating the likely Anticipated move. Buy long, at-or-near the Pullback (top Dashed line). Should go (up) Down Upppp! For your added Confidence, i recommend Waiting for a Bullish Candle After the retest to Pullback Level; you Want to See a Green candle after touching that Dashed line.
As can be seen in the chart, GOLD is clearly bullish (Bull), therefore, we will only look for long trades. On January 24th, a retracement phase began, taking gold to the 50% Fibonacci zone (2,730) and from that zone it gained bullish strength again (Bull). TODAY, the first serious sign of bullish strength (Bull) has appeared, therefore, there is a HIGH probability that the price will attack highs. ------------------------------------- Strategy to follow: ENTRY: We will open 2 long positions if H1 candle closes above 2,766 POSITION 1 (TP1): We close the first position in the 2,799 zone (+1.17%) --> Stop Loss at 2,743 (-0.85%). --> RATIO 1:4 POSITION 2 (TP2): We open a Trailing Stop type position. --> Initial dynamic Stop Loss at (-0.85%) (coinciding with the 2,743 of position 1). --> We modify the dynamic Stop Loss to (-0.3%) when the price reaches TP1 (2,799). ------------------------------------------- SET UP EXPLANATIONS *** How do you know which 2 long positions to open? Let's take an example: If we want to invest 2,000 euros in the stock, what we do is divide that amount by 2, and instead of opening 1 position of 2,000, we will open 2 positions of 1,000 each. *** What is Trailing Stop? A Trailing Stop allows a trade to continue gaining value when the market price moves in a favorable direction, but automatically closes the trade if the market price suddenly moves in an unfavorable direction by a certain distance. That certain distance is the Trailing Stop Loss. -->Example: If the Trailing Stop Loss is at -1%, it means that if the price drops by -1%, the position will be closed. If the price rises, the Stop Loss also rises to maintain that -1% on rises, therefore, the risk is increasingly lower until the position becomes profitable. In this way, very strong and stable price trends can be taken advantage of, maximizing profits.
Dear Traders, Hope you are doing great we have an excellent selling opportunity coming up. We expect price to reverse from the designed area where we think price will react since dxy is likely to drop heavy. Like and comment to show support
golds going steady today so no big targets yet, next reverse is the next hh candle and ill post a sell trade chart
AUDNZD Daily: The ascending TL has being a good support since September last year and lately the price broke the TL. At the moment we can see a bullish candle but still below the TL indicating a potential downward move that if persists we may see the price re-testing the 1.09362, Support level from December. If the price manage to break up the TL there will be a Resistance Zone to be break before any upward continuation move. The EMA(8) crossed the EMA(21) signaling a bearish move but be aware for a quick move up that could be a false breakout. AUD and NZD in general have a correlated move but some fundamentals can change that so it is worth to check the news first. Trade Safe.
USDCAD remains within its range, currently near the top at 1.44275. The daily structure is still bullish, with no bearish candles breaking the previous low. While the bias remains bullish, I’m waiting for a confirmed break above 1.44400 before considering buys. Watching closely for a breakout.
Hey guys, based on the chart, I've identified a resistance area (in 4H timeframe). And we can see the rejection of price from the mentioned area. Also as confirmation for our scenario is the descending channel that is identified on the chart. So It ca be another good trading opportunity with risk/reward ratio around 1/4 which is considerable! Good luck.
Join our community and start your crypto journey today for: In-depth market analysis Accurate trade setups Early access to trending altcoins Life-changing profit potential Let's analyze USDT dominance : USDT dominance (USDT.D) recently failed to break below its support level of 3.83%. This failure led to a surge in USDT.D, pushing it up to the 4.28% level. However, it encountered resistance at 4.28% and was subsequently rejected, returning to the 3.83% support level. A sustained break below this 3.83% support level, confirmed by a daily close below it, could potentially trigger a significant upward movement for Bitcoin (BTC), possibly leading to a price target of $120,000. Support Levels: 3.82% Resistance Level: 4.28% If you find this analysis helpful, please hit the like button to support my content! Share your thoughts in the comments and feel free to request any specific chart analysis you’d like to see. Happy Trading!!
XAUUSD didn’t make the deeper pullback to 2718, as FOMC came in neutral to hawkish. However, if you’ve been following this week’s analysis, the 2746 and 2761 buy levels played out well. For now, I’d wait for a retest of 2761 before looking for continued buying opportunities. Watching how price reacts around this level for confirmation.
As you can see in the chart, Bitcoin is now ready to continue wave 5 after two months of staying in a range. Like last year at this time, BTC started a new upward rally after being stuck for two months. The trend of RSI is upward along with the price, the fund is also associated with these two. This is not a recommendation to enter the transaction and is purely a personal opinion. Thanks for reading .