**PZone PRO Explanation** ? **Overview**: PZone PRO is an innovative trading tool designed to enhance your trading precision and save time. Using patented technology, PZone PRO analyzes financial markets to identify Un-Filled Orders (UFOs) and map these areas on your chart. By leveraging these UFOs, traders can determine precise entry points, stop-loss levels, and targets, providing a strategic edge in trading decision-making. The PZone PRO indicator helps identify Demand and Supply zones on the chart by marking specific patterns. It searches for patterns such as Drop-Base-Rally and Rally-Base-Rally to mark Demand zones, as well as Rally-Base-Drop and Drop-Base-Drop to mark Supply zones. ? **Key Concepts**: - **Identifying Key Price Areas**: PZone PRO detects price areas with pending buy or sell orders. - **Dynamic Visualization**: UFOs are illustrated as green zones (for buying) or red zones (for selling), highlighting potential price reversal points. - **Precision Advantage**: This tool supports all trading styles (long-term, medium-term, short-term) and is suitable for hedging strategies. - **Time Flexibility**: PZone PRO can be applied to various timeframes, from seconds to monthly intervals. - **Benefits for Options Traders**: It aids in determining the ideal strike price and zones for selling out-of-the-money options. ? **Key Features**: - **Automatic Zone Analysis**: Assists in identifying Supply/Demand zones with accuracy. - **Timeframe Flexibility**: Usable across various timeframes. - **Customizable Colors**: Fresh zones and retested zones can be assigned different colors. - **Built-in EMAs**: Includes 5 EMAs – EMA 200, 100, 50, 20, and a daily EMA 9 (adjustable as needed). ? **Final Note**: Trading carries high risks, and past performance does not guarantee future results. PZone PRO helps identify hidden market opportunities but should be used with a solid understanding and well-thought-out strategy.
Xrpusd broke through resistance of the chart pattern on the 15min. 30pip stop loss with a 60pip take profit giving RR 2:1
Key Supply and Demand Zones: Demand Zones (Support): 1.2500 - 1.2475: Multiple tests of this area indicate significant buyer interest. This zone aligns with psychological support and the recent low. 1.2430 - 1.2400: Historical support zone where buyers stepped in during previous downtrends. Supply Zones (Resistance): 1.2550 - 1.2575: Overlapping with the 50 EMA on shorter timeframes, this area represents a near-term resistance zone. 1.2640 - 1.2650: Major supply zone reinforced by the 200 EMA on higher timeframes. Price will need significant bullish momentum to break above this level. Targets: Upside Targets: Target 1: 1.2550 (near-term resistance). Target 2: 1.2600 - 1.2640 (upper range and next key resistance). Downside Targets: Target 1: 1.2500 - 1.2475 (immediate demand zone). Target 2: 1.2430 - 1.2400 (next key support). Trade Scenarios: Scenario 1: Bearish Continuation Setup: Wait for a rejection near the 1.2550 - 1.2575 resistance zone. Entry: Short position around 1.2545 - 1.2560. Stop Loss: Above 1.2580. Take Profit: Target 1: 1.2500. Target 2: 1.2475. Reasoning: The pair remains in a downtrend with clear resistance at 1.2550. RSI and MACD are neutral-to-bearish, supporting the continuation of the trend. Scenario 2: Bullish Reversal Setup: Look for a bounce from the 1.2500 - 1.2475 demand zone. Entry: Long position near 1.2505 - 1.2485 (on confirmation like a bullish engulfing candle). Stop Loss: Below 1.2465. Take Profit: Target 1: 1.2550. Target 2: 1.2600. Reasoning: If the demand zone holds, the pair could retrace higher to test near-term resistance. Oversold RSI on smaller timeframes supports a potential bounce. Scenario 3: Breakout Play Setup: If the price breaks and closes above 1.2575. Entry: Long position above 1.2580. Stop Loss: Below 1.2550. Take Profit: Target 1: 1.2600. Target 2: 1.2640. Reasoning: A breakout above resistance would invalidate the bearish trend and signal a short-term reversal toward the next supply zone. Indicators to Watch: RSI: A divergence near key zones (e.g., higher lows on RSI while price forms lower lows) can signal reversals. MACD: Watch for crossovers near key zones for momentum confirmation. VWAP: Currently near 1.2529, acting as dynamic resistance. A break above this level would strengthen bullish momentum. Risk Management: Keep risk-to-reward ratio at 1:2 or better. Position sizing should account for stop-loss distance and overall account size.
Short Term Elliott Wave view of EURGBP suggests decline from 8.8.2024 high ended as wave (1) at 0.8219 as an impulse. Down from 8.8.2024 high, wave 1 ended at 0.8295 and rally in wave 2 ended at 0.844. Wave 3 lower ended at 0.826 and rally in wave 4 ended at 0.8375. Down from there, wave ((i)) of 5 ended at 0.8268 and wave ((ii)) of 5 ended at 0.8364. Wave ((iii)) of 5 lower ended at 0.8225 and wave ((iv)) of 5 ended at 0.8327. Final wave ((v)) of 5 ended at 0.8222. This completed wave (1) in higher degree. Wave (2) corrective rally is in progress with internal subdivision as a zigzag Elliott Wave structure. Up from wave (1), wave A ended at 0.8313 and pullback in wave B ended at 0.8268. Wave C higher is in progress as an impulse structure. Up from wave B, wave ((i)) ended at 0.8314 and pullback in wave ((ii)) ended at 0.8272. Near term, as far as pivot at 0.8219 low stays intact, expect pullback to find support in 3, 7, 11 swing for further upside. Target higher for wave (2) is 100% – 161.8% Fibonacci extension of wave A. This area comes at 0.836 – 0.8419 where sellers can appear for 3 waves pullback at least.
The stock has recently broke out the consolidation zone and now making new HHs and HLs. Instant Entry can be taken with TP1 in mind of Rs. 11.02 and TP2 of 13.02 Stop Loss can be placed below the recent HL which is 7.02 to make RR 1:1 and 1: 2
⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Gold prices (XAU/USD) dip slightly in thin post-Christmas trading, hovering near $2,630 during the Asian session on Friday. However, the metal may find support as markets look for clues about the US economy under the incoming Trump administration and the Federal Reserve’s 2025 rate outlook. Gold, as a non-yielding asset, benefits from moderate US PCE inflation data that casts doubt on limited Fed rate cuts next year, suggesting potential for further reductions. Its safe-haven demand is further supported by ongoing geopolitical risks, including the prolonged Russia-Ukraine war and tensions in the Middle East. ⭐️Personal comments NOVA: Short-term recovery at the end of the week - continued lack of liquidity, sideways below the 2650 area ⭐️SET UP GOLD PRICE: ?SELL GOLD zone: $2650 - $2648 SL $2655 TP1: $2640 TP2: $2630 TP3: $2620 ?BUY GOLD zone: $2616 - $2618 SL $2611 TP1: $2622 TP2: $2630 TP3: $2640 ⭐️Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order. ⭐️NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account
LABD is forming a bullish breakout setup with an entry point at $6.68. Here are the trade parameters: Entry: $6.68 (yellow line, breakout level). Stop Loss (SL): $6.47 (below support zone). Take Profit Targets: Target 1 (T1): $7.11 (first resistance level). Target 2 (T2): $7.56 (next resistance level). Monitor for volume confirmation to validate the breakout and capitalize on upward momentum!
OANDA:XAUUSD continuing to bring hope for buyers, trading inside the local upward channel resembles a flag on the backdrop of a local downtrend. In the medium term, the dollar needs to be reassessed in the context of the Fed remaining supportive. This raises the question: What will happen to interest rates? Hold steady or increase? It must be understood that as Donald Trump prepares to return to the White House in January, the market will closely monitor U.S. economic data to forecast how the Federal Reserve will respond to anticipated inflationary pressures from administration policies, including tariffs, deregulation, and tax reform. The focus remains on U.S. jobless claims data. Economists polled by Reuters forecast around 224,000 claims for the week ending December 21, up from 220,000 claims in the week ending December 14. If jobless claims figures rise significantly, this will put pressure on the USD, and the gold market may start trading with a slightly positive trend. And vice versa. However, Ben does not talk about growth based on these numbers. Theoretically, as prices approach strong resistance levels, selling pressure seems stronger. Be careful! From a technical perspective, the price has the potential to rebound from any nearby strong level, which could lead to a subsequent decline. A key level to watch is 2620. If the bears manage to break this level and maintain their position below it, the overall selling pressure may intensify, likely resulting in a further price drop. The anticipated decline is expected to reach the range of 2,605–2,600 before setting up for any additional downward moves. Best regards,Bentradegold! Wishing everyone a joyful holiday season and a productive New Year 2025!
GORO is forming a potential breakout pattern above $0.2210 with the following trade parameters: - **Entry:** $0.2210 (yellow line, breakout level). - **Stop Loss (SL):** $0.1990 (below support zone). - **Take Profit Targets: - **Target 1 (T1):** $0.2487 (first resistance level). - **Target 2 (T2):** $0.2866 (next resistance level). Monitor volume to confirm the breakout. A great setup for short-term trading!
EURGBP Market structure are on uptrend (Bullish). Spotted demand area (Green Rectangle). its the first demand area that breaking up short consolidation phase and ussually its a very good area. Entry Position : Long Profit Target : 1:3 Shown on the chart image (Green Line) Stop Loss : Slightly below demand area (Red Line) Follow me if u guys making any gains from this idea. Thanks Vienmelodic