Note that this is a bullish AMD, but the model can also appear in a bearish form. What is important to remember is that the accumulation phase often lasts the longest as we can see the H1 tf of EurJpy. The manipulation phase is usually relatively short, and liquidity is almost always removed at the button especially with spikes common with JPY pairs. The distribution phase is characterized by a rapid and forceful movement, where support and resistance levels are largely ignored. Pay Attention to Details - (PAD)...GraCex
There is an important level for this currency that has shown so far that it is going to hold, exit if it is broken. #ARB/USDT
Gold currently trading near its resistance level could lead to two possible outcomes: 1. Breakout Above Resistance: If gold's price moves above its current resistance level with strong momentum, it signals a bullish trend. Traders would then watch for the next resistance zone, which may act as the next upward target. 2. Rejection at Resistance: If the price fails to surpass resistance, it often results in a downward movement. The spot price (or the nearest support level) becomes the focus for potential stabilization or reversal. Current Context Spot Price: Gold is currently at $2,702 per ounce, a level influenced by both technical and fundamental factors like market sentiment and economic data. Level: Likely around $2,736 CAPITALCOM:GOLD , with higher levels at $2,804 if a breakout occurs. Support Levels: If a downturn occurs, support may exist near $2,607 or $2,532, depending on market pressures. Trading Strategy Confirm breakouts with high volume or sustained movement above resistance before assuming an upward trend.
DAX (DE40) hit last week our 20000 Target, which we established 2 months ago (October 04, see chart below): https://www.tradingview.com/chart/DE40/sjkfbCYM-DAX-This-week-offers-a-great-buying-opportunity/ That Target was near the top (Higher Highs trend-line) of the 1-year Channel Up that started on the week of the October 03 2022 bottom. As you can see, this pattern has topped both previous Bullish Waves on the 1.618 Fibonacci extension level and after a pull-back consolidation phase (red Arc), it started the Bearish Legs that bottomed and made Higher Lows on Support 1, which was the previous Resistance level. Having now already hit its 1.618 Fib ext, we expect DAX to pull-back a little and turn sideways as per the pattern, which we will short, targeting 19000 (Support 1). If however we see a 1W MA200 (blue trend-line) hit and immediate rebound and weekly closing above it, we will book our sell profit earlier. Notice also the high symmetry on those Legs, between their 1W CCI fractals. ------------------------------------------------------------------------------- ** Please LIKE ?, FOLLOW ✅, SHARE ? and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- ?????? ? ? ? ? ? ?
https://www.tradingview.com/x/4QewPgpD/ Hello, Friends! USOIL pair is in the downtrend because previous week’s candle is red, while the price is clearly rising on the 12H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 66.99 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is likely. ✅LIKE AND COMMENT MY IDEAS✅
As I checked one of my favorite pair in forex, I noticed that gbpjpy moving a bullish direction. One thing is certain here I will ride the pullback if supply was introduced in this market aiming for buy limit pending order in important swing low with demand. If you will noticed my chart during london session supply was introduced to mitigate Demand zone with validity. I like to trade demand and supply area with "PROOF". Please check my charts for additional information. RR: 1:4 Intraday (London-New york Session ) ATR: during that time = 10 #wyckoff #supplyand demand
S&P 500 Technical Analysis The price dropped as we mentioned in the previous idea from 6058 and still has bearish momentum. Now, as long as trades below 6058 touch 6022, stability under 6022 supports dropping toward 5971, especially if the CPI released is more than expected, which is 2.7%. A 4-hour candle should close above 6058 to have a bullish trend until 6099, in the case of realizing CPI results in less than 2.7%. Key Levels: Pivot Point: 6058 Resistance Levels: 6073, 6099, 6145 Support Levels: 6022, 5971, 5932 Trend Outlook: Downward while below 6058
https://www.tradingview.com/x/cv7zWBHr/ Hello, Friends! EUR/USD pair is trading in a local uptrend which know by looking at the previous 1W candle which is green. On the 4H timeframe the pair is going down. The pair is oversold because the price is close to the lower band of the BB indicator. So we are looking to buy the pair with the lower BB line acting as support. The next target is 1.053 area. ✅LIKE AND COMMENT MY IDEAS✅
EUR/USD 4H Timeframe Analysis Trend: In the 4H timeframe, EUR/USD is in a downtrend. The price broke below the major support at 1.06200 and then retested, which has now become our major key resistance zone. The price then dropped further to the next minor support at 1.0330,then moved up, created a gap, and filled it for a short time. Following this, the price started creating lower lows and lower highs until it returned to the major key resistance. There, an inverted hammer was followed by a bearish engulfing candle, signaling a potential price reversal. Additionally, the price broke the rising wedge chart pattern and retested the minor resistance at 1.05300. Afterward, the price moved lower and broke below the minor support. Price Action Expectation: We expect another reversal at the minor key resistance. Once the price breaks the resistance, triggering stop-loss liquidations from sellers, we anticipate a move downward. If the price moves back below the minor support, we will enter a sell stop order below the minor support at 1.04908, with a stop loss at 1.05490 (between the liquidity area). Our take profit target will be the next minor support at 1.03360. Trade Setup: Sell Stop Entry: 1.04908 Stop Loss: 1.05490 (between the liquidity area) Take Profit: 1.03360 (next minor support) Risk: 1% Fundamental Outlook: The US Dollar continues to consolidate around the highs, although it’s stronger against commodity currencies. In the broader picture, the market has likely reached the peak in the repricing of interest rate expectations. It will take stronger catalysts to further price out the remaining rate cuts for 2025. This environment supports the US Dollar and could keep downward pressure on EUR/USD in the near term. https://www.tradingview.com/x/d3DKr5ue/
EUR/USD lost around 0.2% on Tuesday, declining for the third consecutive day and hitting 1.0500 again, as the euro's bullish near-term recovery comes to naught. Ahead of the key U.S. Consumer Price Index (CPI) inflation figure due for release on Wednesday and the European Central Bank's (ECB) next meeting on Thursday, traders once again adopted a cautious stance. Wednesday's CPI inflation index will be one of the last key data points before the Federal Reserve's (Fed) last meeting in 2024. Signs that inflation progress has stalled could kill hopes for a third consecutive rate cut on December 18. With the current rate cut on Wednesday, U.S. CPI inflation for November is expected to rise slightly to 2.7% y/y from the previous reading of 2.6%, while core annual CPI is expected to remain at 3.3%. Traders estimate the probability of the last quarter-point rate cut this year at 85%. The ECB's latest rate meeting is scheduled for Thursday, and investors are widely expected to get another quarter-point rate cut. The ECB's main refinancing operations rate is forecast to be cut to 3.15% from 3.4% and the ECB deposit rate is forecast to fall to 3.0% from 3.25%. Trade recommendation: Watching the level of 1.0480, trading mainly with Sell orders