Gold continues to exhibit bullish behavior this week, building on the momentum from last week's significant news event that propelled it to new all-time highs. With price maintaining its bullish stance, this aligns with the broader long-term bullish outlook for gold.
Buy positions have already been initiated, with an eye on the price reaching the 2185 level. At...
My analysis on USD CAD, I use limit orders so I don't need to be in front of the chart all day.
To consider this a good entry there are certain criteria to follow:
1. Clean BoS with IMB.
2. * Look for areas where liquidity has been purged.
3. * Stochastic: long trades 0-15, in short trades 85-100.
( * ) = Not optional but increases our probability.
I use...
We updating last chart of EUR AUD, and adding one more position.
I use Fibonacci to get these extreme points and my preferred one is 75% retracement, with a risk-reward of 1:3.
Trade carefully
This is not financial advice, DYOR.
BINANCE:BTCUSDT.P As mentioned earlier, Bitcoin (BTC) has recently fallen below the $60k area price point. This marks a critical support zone, where bulls must maintain control to prevent further declines. The market is now in an expectant state, let's watch closely to determine whether BTC will stay within this critical range or face further downward movement
Analysis of the Australian dollar against the Syrian franc is starting to weaken the franc, so I focus on buying. Wait for the price. Support levels. The purchase deal has been entered. Target 0.58323. Good luck.
Short positions on US30 appear compelling this week. We've observed significant bearish momentum lately, leading to a shift in character towards the downside, hinting at a potential trend reversal. Despite not having breached major structural levels yet, two robust supply zones remain, from which we can expect a bearish response.
The slowdown in price movement...
Supply Zone:
A supply zone occurs when the supply of a cryptocurrency exceeds the demand.
In this area, there is excess supply, leading to a falling price.
On a price chart, a supply zone is associated with a downtrend.
Traders often place sell orders in supply zones, expecting prices to decline further.
Imp : forming doji candles in weekly chart
Interpreting Doji...
Copper JUST missed our supply zone entry located above the opening range.
Very Clear DBD (drop base drop) formation on the 15 min chart.
We called this out today in the live room. Hopefully we get another shot at this. You never know what is going to work. You can only trade what you see taking place on the chart at that moment.
BINANCE:BIFIUSDT is having a very long consolidation. Price will break the consolidation area soon, now is the right time for us to get in before it gets too high.
TP: $2,000
SL: $335
GU ran major highs on Friday, and we have seen that the markets what higher prices so we of course will follow this rally as we have from the major lows at 1.25400.
The ideal move for us here is the price to pullback into a lower areas and give us a nice long move out of said areas, we have seen a pretty big shift into our highs without pullback so this is what...
Gold swept the all-time high we expected it to sweep last week and now we would look for some kind of retracement for a new opportunity to buy. Often once price sweep major Liquidity, we tend to see a retracment!
Confluences for GOLD
- Very bullish price action with minimal retracements
- Demand being respected and supply disrespected
- Asia Lows left...
I expect US30 to continue its path up, which would mean respecting HTF Demand and disrespecting supply once HTF demand is respected! We can not see any strong bearishness which is a good sign of bullish, we can expect this bearish order flow to be a retracement after an impulse move to the upside
Confluences for US 30
- Very bullish price action
-...
This is the updated version of my previous SUSHISWAP:ALCXWETH_C3F279.USD idea, i will update about alcx in this post.
ALCX is ready to 10x from here.
TP: $350
SL: $21
We should hit the target profit in december 2024.
After the previous CRYPTOCAP:TOTAL3 idea of mine invalidated (price breaks the consolidation area), Altcoin is ready to launch massively in 2024 bullrun.
Inverted Head & Shoulder spotted in weekly timeframe, this is also the case for CRYPTOCAP:TOTALDEFI . My target is the resistance area around 660B-740B. Bitcoin dominance is also about to go down (will...
My bias for GU this week is centered around anticipating a pullback to address the imbalances left behind. This week has witnessed a significant bearish trend for the dollar, leading to increased bullish pressure on GU. Given this scenario, it's evident that price hasn't experienced a healthy pullback yet, which is overdue.
Therefore, I'll be patiently waiting...
🔍Aave's price action in the weekly timeframe indicates the possibility of breaking out of its 658-day consolidation phase, potentially initiating an upward trend.
✅After breaking its trend line, the price has surged by 100%. Although it faced rejection from the 110-120 supply zone initially, a second attempt with significant volume and bullish candlestick...
Overall, we have been bearish. However, for the past few days, we have been making higher highs (HH). I'm looking for a continuation of a short-term bullish run to target around 2045.00.
We will plan accordingly with whatever the market shows us and stick to our trading plans.
