I am going to be using the 4 hour chart from now on. As of 1/06/2025 we can see how PL is going to be making a decision about hitting the next resistance or going to fall past support again in the channel for a possible pull back. Let's see how tomorrow goes team always do your own research before making any financial decision.
a liq sweep before taping into the OB below. still expecting a break above that target for trend continuation.
Entry Point: Around 1.0400 (current level, continuation expected). Take Profit (TP): 1.0485 (key resistance level). Stop Loss (SL): Option 1: 1.0360 (just below recent support and breakout level for a conservative stop). Option 2: 1.0325 (below the base of the breakout for a wider margin). Explanation: Breakout Confirmation: The price has decisively broken out of a descending channel (yellow lines), indicating bullish momentum and a potential trend reversal. This is supported by strong momentum in the breakout candle. Ichimoku Confirmation: The price is trading above the Ichimoku cloud, adding further confirmation of the bullish trend. Key Levels: Take Profit: 1.0485 is the next significant horizontal resistance level, making it a logical target. Stop Loss: 1.0360: Positioned below immediate support to protect against a false breakout. 1.0325: Offers additional room for price fluctuations while maintaining a favorable risk-reward ratio. Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Trading forex involves significant risk, including the potential loss of your entire investment. Past performance is not indicative of future results. You should carefully assess your risk tolerance, trading objectives, and financial situation before entering any trades. Always conduct your own analysis and, if necessary, consult with a licensed financial advisor before making trading decisions.
Expected nifty will open gap up in today's session near 23800 level. After opening any bullish movement expected if it's starts trading and sustain above 23800 level. Below 23750 downside rally expected upto the 23550 and this rally expected for further 200-250+ points movements in case nifty gives breakdown of 23450 level. 23450-23550 in this range possible some consolidation movements in market.
Traders! This is another opportunity that comes ahead. When I look higher timeframe especially 4H, It gives me strong reason as to why I can look this pair with a close eye. I think we have to to be patient to see how and where price will allow us to get into it.
still on bearish trend and sideways on big area 2650-2620. my plan is to sell at area 2649-2653. (any area about 2645 and above is possible to short). and buy at area 2620-2614. be careful to trade on this week, as many economic news and uncertain situations. the best and safer strategy is only enter short at resistance and buy at support of HTF, unless there is any breakout buy/sell happens between the big sideways area. trade smart :)
Here's a summary of your trade plan for XAU/USD (Gold): Trade Plan 1. Target: $2625 2. Entry Point: $2638 3. Stop Loss: $2646 Your plan indicates a bearish outlook, expecting the Gold price to drop from the entry point to the target. Key Considerations 1. Risk Management: Ensure you're managing risk with proper position sizing. 2. Market Conditions: Monitor market conditions, including economic indicators, geopolitical events, and technical analysis. 3. Trade Adjustment: Be prepared to adjust your trade plan if market conditions change. Would you like me to provide current XAU/USD market data, analysis, or insights?
Hello traders, Last Friday, the insider alert: The updated market situation is as follows: on the 4-hour chart, the reversal signal that appeared during the last Friday's Asian session initiated a retracement wave that continued until the US session on Monday. Therefore, the long positions from last week have hit the new stop loss due to trailing stops, which has reduced the stop loss range. Additionally, since position reduction was managed properly, most of the previous profits can be preserved. The trading plan for Tuesday is as follows: Due to political factors, the news that Trump is expected to return to the White House on January 20 has also brought uncertainty to the market, as his "America First" and "high tariffs" policies may increase market volatility. Currently, gold prices are at a critical technical position, and market sentiment is relatively cautious, but the wide-ranging consolidation continues. On the 4-hour chart, from the US session on Monday to the Asian session on Tuesday, small real candles appeared intertwined with the EMA, suggesting that this may be the C wave of the current upward wave. The long targets have been updated to: TP1: 2681 TP2: 2691 TP3: 2705 GOOD LUCK! LESS IS MORE!
Continue seeing BTC performing well so this well then I see this breaking out of the head and shoulders pattern to an expedited run up through that short term line of resistance.
Nikkei still waiting for this big drop after a retest flat failure