GBPUSD Live Week 41 Swing ZonesFirst week trading live didn't go as planned. Why, i call it work, life and trading Balance. Managing all three, highlights the challenges of modern-day life whilst seeking alternate source of income.
Ultimately, the goal is to home in on a good trading strategy to transition to fulltime trading.
Week 41 zone is calculated as shown: 264-314.
Price action determines trades
Supply_and_demand
XAUUSD Will Bounce For Today!Hello Traders!
House Of Profit Analysis CUrrent Price : 2646
Today is monday and we need to keep that in mind that today market will move in range of 2632 - 2365 and big range.
As of my analysis gold is going give us a strong buy today when it reaches the level of 2640 - 2635 or if it does go below then 2632.
there is a zone which i doesn't mark 2650 - 2653 if we buy from 2638 we have to monitor whar prices do at this 2650 level if it does breaks it easily then we could keep our buy going!
liking or following would be appreciated!
Sell AUD/USD Triangle BreakoutThe AUD/USD pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the downside in the coming hours.
Possible Short Trade:
Entry: Consider Entering A Short Position Below the Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 0.6870
Target Levels:
1st Support – 0.6835
2nd Support – 0.6804
Stop-Loss: To manage risk, place a stop-loss order above 0.6916. This helps limit potential losses if the price falls back unexpectedly.
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
Alikze »» FTM | Wave 5 correction - 1H🔍 Technical analysis: Wave 5 correction - 1H
- According to the analysis presented in the previous post , in the weekly time frame, the first target has been the neckline, which was the supply area.
- Currently, in the 1H time frame, after breaking the zone, a correction pattern is being formed.
- Wave 4 correction in the range of the green box has formed a continuing downward pattern.
- This corrective wave is in the form of wave 4 in an ascending channel, which by breaking it to the specified areas, this corrective cycle can be extended.
Therefore, this wave can meet the demand after touching the specified areas and form an upward corrective cycle, which should be reviewed and updated.
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BINANCE:FTMUSDT
Sell CAD/JPY Resistance ZoneThe CAD/JPY pair on the H1 timeframe presents a potential selling opportunity @ Resistance Zone
Key Points:
Sell Entry: Consider entering a short position around the current price of 108.25.
Target Levels:
1st Support – 106.65
2nd Support – 105.48
Stop-Loss: To manage risk, place a stop-loss order above 109.02. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
Microsoft. There is still potential for the price to decline.Hello traders and investors!
Let's take a look at the situation with Microsoft stocks. I believe there is still potential for the price to decline.
Weekly Timeframe
On the weekly TF, there is an attempt to reverse the long trend. The first seller's impulse has been formed. The level of the last buyer’s impulse start is 445.66, and the level of the last seller’s impulse start is 468.35. The end of the last seller's impulse is at 385.58.
Key candle in the seller's impulse is from July 24 (largest volume in the impulse, marked as "KC" on the chart). It was tested by the buyer on August 19. The test level is 426.70. The buyer missed the 50% level of the seller's impulse (426.97) by 27 cents. Then, the buyer attacked the test level with two candles on increased volume, bringing the price above the 50% level, but the seller pushed the price back below the test level (426.70), forming a seller's zone above (red rectangle on the chart). Further price decline is likely, with the first target at 400.8, which is the start of the last buyer's sub-impulse on the weekly TF.
Daily Timeframe
On the daily TF, there’s a sideways range (formed on August 22, with point 4). The upper boundary is 432.15, and the lower boundary is 385.58. The relevant seller's vector is 6-7, with the first potential target being 400.8 (then 385.58).
The buyer's vector 5-6 broke above the upper boundary of the range, gathered volume, and the seller returned the price to the range, forming a seller's zone at the upper boundary. This zone was tested on September 26, after which the seller's continuation began. The buyer attempted a recovery on September 30 with increased volume but failed to deliver results. Yesterday, the seller engulfed the buyer's candle.
Highlights
On both the weekly and daily TFs, the priority is to look for selling opportunities. The last daily candle has increased volume, making it a good point to start looking for sell opportunities. On the daily TF, possible threats to short positions include the 50% level of the last buyer's impulse at 413.72 and the buyer's zone with an upper boundary at 410.65 (green rectangle on the chart).
It makes sense to consider buying opportunities when the buyer shows strength, for example, when interacting with the levels of 400 or 385 and defending them.
How to decode candle volumes is explained here
Good luck with your trading and investments!
Will XAUUSD Bounce or Slide?Hello Traders!
Today is going to be a tough day because gold can take a lot of sls today because the position of the market is slightly hard to analyse.
so here we have 3 buying levels and 3 selling levels and theres also a news today which would affect us.
Selling levels:
this will work as if market give respect to any of those level and retest it as resistance then we can consider selling.
1. 2639 - 2642
2. 2653 - 2656
3. 2665 - 2671
Buying levels:
also works same as selling levels
1. 2626 - 2623
2. 2614 - 2611
3. 2605 - 2600
we have to monitor the market when it come to these and watch carefully for any breakouts or retest the support or resistance then we can enter.
supporting by follow and liking would be highly appreciated.
IoTeX | Long Term Profits Plan Hello traders!
There's hype in the air as BTC has moved within a bullish wave even though we are inside a descendant channel point. So, it could either re-test resistance at about 70k again or get back inside the range. So here's an idea to use in the long term for IoTeX
1) Price has been in a range for a long time and within this range best zones to buy would be at: 0.013 - 0.021 these may get re-tested before the bull run so you can set up some price alerts. Or if you feel brave you can enter at 0.031 which is the current monthly support
Verify entry points at lower time frames with the strategy of your choice.
2) TARGETS: The nearest one would be 0.060 - 0.070 but within the range it could go up to 0.10 but if that happens then the range would be broken leading to an uptrend which must coincide with the bull run so before it happens, it will drop heavily so I suggest to TP safely at 0.060 - 0.070 for the time being.
This idea is to spot for the long term. This asset is still in a balanced mode; there hasn't been a breakout of the range yet. However, it's worth noting that there's a bullish triangle pattern on the daily timeframe playing out right now.
I hope you find it useful and are able to take advantage of this idea.
Kina Tip of the Day: Take profits partially even when they don't seem much because, in the long run, they will grow in a balanced way with the rest of the portfolio.
Keep it shiny ⭐
Kina, The Girly Trader
Megaphone - BearishSPY weekly looking interesting heading into the week. Staying hedged with the SPY holding another megaphone. The SPY is being carried by buyer volume with some hidden bearish divergence on the RSI and nearing overbought territory yet again.
With so many sectors and indexes flashing red and a massive bearish cipher on the weekly timeframe as further confirmation, looking forward to playing the downside.
Some FIB levels and RSI-based supply and demand zones to keep an eye on in the meantime (Accompanying Charts Attached Below)
Alikze »» XRP | Rising triangle pattern🔍 Technical analysis: Rising triangle pattern
- It is in the supply zone in the daily time frame.
- An ascending triangle is now formed.
- Therefore, with the support of the 59 cent zone, it will have the ability to break the supply zone.
- After the failure of the supply area, it can continue its growth until the next supply area.
- According to the formation of the incremental triangle pattern, it can grow as much as the height of the triangle up to the area of one dollar.
- Therefore, after the failure of the supply zone and pullback to it, it can climb up to the next supply zone.
💎 Alternative scenario: In addition, if the dynamic trigger zone is broken from the bottom, the bullish scenario will be invalidated.
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$DXY US DOLLAR BULLISH **BIG BOYS BIAS (CFTC COT INDEX REPORT)
>Commercials - Extremely Bullish
>Retailers - Extremely Bearish (Always Wrong)
>Fund Managers are in-trend with the price chart (Trend Followers)
**USD Valuation Against EURO
>We are still in at the Overbought region
Others:
>Price already took the Daily Demand Zone, price is now accumulating and the catalyst for the BULLISH move could be the US FED news and the EURO Inflation Rate news release on Monday.
***As always, trade safe and make sure to do your due diligence when analyzing the charts.***
NZDUSD STILL BEARISH >The New Zealand Dollar had an explosive rally last week, deeply penetrating and ultimately invalidating the highlighted supply zone, indicating the exhaustion of any remaining unfilled orders.
>We can now observe five invalidated supply zones lined up on the chart.
>Above these zones lies a high-quality, fresh supply zone, where significant stop-loss orders and a large volume of sell orders could potentially accumulate in anticipation of the upcoming FED speech on Thursday, which may act as a catalyst for a sharp drop.
>The US Dollar Index remains undervalued (refer to my USD analysis for more insights).
>Given that the NZD is currently overvalued, the price may soon seek reasons to turn bearish. For this to happen, a considerable volume of sell orders will be needed to trigger a downward move.
***As always, trade safe and make sure to do your due diligence when analyzing the charts.***
TSLA SHORT TRADE IDEA**STOCKS VS USD & TREASURY BONDS - Currently Oversold signaling a bearish sentiment. Price would need a reason to for a bearish move and could take the highlighted Supply Zone.
Supply and Demand Analysis:
>Price could take the the daily Supply Zone and the PRICE GAP within the supply zone could get filled.
>Price could fill the Gap before a bearish move and go to the highlighted opposing Demand Zone
***As always, trade safe and make sure to do your due diligence when analyzing the charts.***
GOOG (Google) Short Idea**STOCKS VS USD & TREASURY BONDS - Currently Oversold signaling a bearish sentiment.
Supply and Demand Analysis:
>Price already took the daily Supply Zone but the PRICE GAP is not yet filled.
>Price could fill the Gap first before a bearish move filling orders on multiple price gaps below
***As always, trade safe and make sure to do your due diligence when analyzing the charts.***
GBPUSD BEARISH FOR THIS WEEK **CHECK MY EURUSD ANALYSIS FOR THE CFTC COT REPORT BIAS
CFTC COT Report Bias: BEARISH
**British Pound's value against the Dollar is still at the over-sold region
**Supply and Demand Analysis - Price Is accumulating at Supply Zone #1 and could reach Zupply Zone #2 before the bearish move and could target the opposing demand zones highlighted on the chart.
**Others - the catalyst for the bearish move could be the US FED news release on Monday.
***As always, trade safe and make sure to do your due diligence when analyzing the charts.***
EURUSD STILL BEARISH FOR THIS WEEK**BIG BOYS BIAS (CFTC COT INDEX REPORT)
>Commercials are still long term Bearish
>Retailers are long term Bullish (Always Wrong)
>Fund Managers are Diverging from price chart (Trend Followers)
**EURO Valuation Against USD
>We are still in at the Oversold region
Others:
>Price already took the Daily Supply Zone, price is now accumulating and the catalyst for the bearish move could be the US FED news and the EURO Inflation Rate news release on Monday.
***As always, trade safe and make sure to do your due diligence when analyzing the charts.***
61.69% Probability for Bullish USOIL TP!Key Fundamentals Supporting a Bullish Outlook:
- OPEC+ Production Cuts: OPEC+ has implemented production cuts to stabilize oil prices, which can lead to a tighter supply and potentially higher prices for crude oil.
- Geopolitical Tensions: Ongoing geopolitical issues, particularly in oil-producing regions, can disrupt supply chains, leading to increased prices as markets react to potential shortages.
- Economic Recovery Signals: As global economies continue to recover from the pandemic, demand for oil is expected to rise, further supporting bullish sentiment in the market.
By combining a bullish bias with a probabilistic approach to trading, I aim to position myself advantageously in the market while managing risks effectively.
Feel free to share your thoughts in the comments below!
2W:
2H:
AUDUSD. Medium and short term analysisHello traders and investors!
The price reached the target of the forecast from April.
Some medium-term forecasts take a long time to come to fruition. It creates the impression that medium-term forecasts always come true. You can use the following criterion to consider a forecast fulfilled: ensure that the price does not break the last local extreme before reaching the target. If this condition is met, the forecast can be considered successfully realized. In the April forecast, the last local extreme is point 5 of the sideways range (0.62701).
Weekly Timeframe Analysis
Let me remind you that on the weekly timeframe (TF), a sideways range has been forming since January 2023 (point 4). The lower boundary is 0.61699, and the upper boundary is 0.71577. Formally, the buyer has reached the target of the 5-6 vector (0.69205), and there are no signs of reversal yet. The last two weekly candles show increased volume, with small buying wicks. However, the price is currently in the seller's contextual area (the upper range of the weekly TF sideways movement), but the seller is not utilizing this volume yet.
Daily Timeframe Analysis
On the daily TF, a sideways range has been forming since August 24 (point 4). The lower boundary is 0.63478, and the upper boundary is 0.67985.
The buyer's 4-5 vector has broken through the upper boundary of the range. For three days, the price has been unable to break through the level marking the start of the last seller's sub-impulse on the weekly TF (0.68996). Below, the buyer is defending the breakout of the last sub-impulse seller level on the daily TF (0.68239). For the last two days, the buyer has applied increased volume with no result. On the other hand, the price is in the seller’s contextual area (the upper range of the weekly TF sideways movement), so the seller should be evaluated first—and so far, the seller is absent.
Highlight:
• There are no signs of the seller on either the weekly or daily TFs to justify looking for mid-term sales. A sign of the seller could be a return of the price to the daily TF sideways range and the seller defending that return.
• There is no context for mid-term buys, as the price is in the upper part of the weekly TF range (a seller's contextual area).
2H Timeframe Analysis
For short-term buys or sells, you can use, for example, the 2-hour TF. On this TF, there is a sideways range, with the seller’s 7-8 vector being active and the potential target at 0.68179.
The seller has returned the price to the range (below 0.69081), forming a seller’s zone above (marked by a red rectangle on the chart). Sales can be considered. When selling, monitor the price's movement around 0.6868 and 0.68625.
Purchases can be considered from the lower boundary of the range (0.68144) if the buyer defends it.
Good luck with your trading and investments!
EXPECT POSSIBLE SELL OPPORTUNITY IN GOLD ANYTIME SOON Price has been maintaining a bullish-like structure for quite some time now and in past week, we saw how some bearish momentum set in around the price of 2685.34 this a sign that sellers are around the corner and there’ll be a possible profit taking activity soon. This. Coming week, we’d be monitoring price closely for a time it’ll change from intraday bullish to intraday bearish to take some short-term bearish sentiment .