As previously suggested, the charted course changed significantly with central geopolitical and selling pressure based on catalysts surrounding inflation fears; I feel that this discourse is similar, maybe with a hint of differentiation 21500
According to wave analysis, the 7-month range in 60k range was the bear market and a new bull cycle just started till the end of 2025.
Important support resistance levels for nifty50 in orange in the bar. This budget the 3rd june 21218.45 level looks crucial and further fall there are high possibility of reaching 20194.10. Any upside should be carefully entered as chances of downfall is higher.
Liquidity Trap Indicator - Chart Analysis This chart demonstrates how the Liquidity Trap Detector Indicator (LTD) detects and highlights Bull Traps and Bear Traps, helping traders avoid false breakouts and reversals. 1. Bull Trap Example: • Location: Left side of the chart. • Behavior: Price surged above a critical level, triggering a breakout signal. However, the indicator flagged it as a Bull Trap (green arrow) because the upward move lacked sustained volume and failed to hold above the breakout level. • Outcome: Price sharply reversed, confirming the trap. 2. Bear Trap Example: • Location: Multiple instances (center and right side of the chart). • Behavior: Price broke below a support level, inducing panic selling. However, the indicator identified this as a Bear Trap (red arrow), signaling an unsustainable move due to the absence of follow-through selling pressure and a quick recovery above the dynamic levels (e.g., EMA or VWAP). • Outcome: Price rebounded, trapping short-sellers and moving higher. 3. VWAP: • The yellow line represents the VWAP Indicator, providing additional context for trend direction. In several cases, the traps occur near this line, further confirming their validity. 4. Key Takeaways from the Chart: • The Liquidity Trap Indicator accurately identifies areas where traders might fall victim to market manipulation. • Each trap signal is accompanied by visible price rejections, reinforcing the indicator’s reliability. • Green and red vertical zones suggest possible trap periods, visually assisting traders in identifying high-risk areas. By using this chart and indicator, traders can better manage their risk, avoid common market pitfalls, and gain an edge in identifying reversals before they occur.
Unfortunately right after my large entry the market got crushed by a jobs report. This is a benefit of not using leverage, although this trade is on margin, my interest rate is low, and its spot only in an account that has buying power. Since this is a weekly chart we have to evaluate weekly candles, the daily got fairly bearish. This is also why you need a plan before you enter trades. My plan was to add if we see 190, so I am doing so. My target zone is the green circle, or around 350$ the last day of March. Note a bottoming stochastic RSI and a cooled off BBWP.
https://www.tradingview.com/x/SgXw0O6D/ Hello,Traders! GBP-NZD is falling down Now but the pair will soon Hit a horizontal support Level of 2.1900 and after That we will be expecting A local bullish correction From the support Buy! Comment and subscribe to help us grow! Check out other forecasts below too!
The price is confined within a downward-sloping channel, visible in the chart. A breakout above the upper boundary of this channel (around 2.43-2.50 USDT) could indicate a bullish reversal. 4. 501.13% Projection: The chart highlights a 501.13% increase, likely measuring a previous rally.
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EURAUD has given us a fantastic opportunity to get in at the very start of a BIG move. We are currently in an ABC correction. We'e completed waves A and B and now currently in wave C. We're expecting 5 waves from wave C and looks as if we've completed wave 1 and currently in wave 2. We're looking to catch the rest of the move on the break of the trendline. Trade Idea: - Safe entry on break of trendline - Riskier entry within the fibs or anywhere below invalidation - stops above invalidation - Targets: 1.6 (700pips), 1.156 (1100pips) - Taper as we move lower What do you guys think? Goodluck and as always, trade safe!
#XAUUSD Higher Time Frame Analysis Gold is currently showing strong bullish momentum, driven by both fundamental and technical factors. ### Fundamental Insight: Natural calamities like wildfires in California (L.A), earthquakes, and tsunamis often push investors toward safe-haven commodities such as gold, US oil, and platinum. This increased demand leads to a rise in commodity prices during such events. ### Technical Overview: 1. The recent dip in gold prices can be considered a healthy correction before continuing its higher time frame bullish trend. 2. The 2718-2721 zone is a critical area on the daily time frame. A sustained daily candle close above 2721 will likely trigger a rally of 500+ pips. 3. If gold breaks and holds above 2721, the next targets are 2773-2790. This zone represents the final resistance before gold potentially moves toward the 3000 mark. ### Key Levels to Watch: - The 2718-2721 area is crucial and may face strong rejection initially. - A bullish daily close above 2721 will confirm the continuation of the uptrend. ### Next Steps: We will refine the setup using lower time frames like H4 and H1 for precise entry points. Updates will be shared soon. **Conclusion:** Watch for a daily close above 2721 for confirmation of further bullish momentum, while keeping an eye on potential rejections in this zone.