Technically: EURJPY is printing double bottom EURJPY is printing bullish divergence EURJPY break the neckline and reverse the trend
as Euro weak against the dollar in the long term their is some first indication based on Price Action for US dollar weakness 4h start to develop some new 4h front leg + weekly candles start to print bullish post discount sweep the idea is to position long - but shorts still the main trend then position short early in the week into the weekend long position if the MTF/LTF edge signal will provide
AlexGoldHunter FXOPEN:XAUUSD Technical Analysis and Strategies for Gold (XAU/USD) Chart Analysis Price Levels and Candlesticks: Current Price: 2,633.24 USD Open: 2,631.51 USD High: 2,645.63 USD Low: 2,613.61 USD Close: 2,633.24 USD Support and Resistance Levels: Swing High: 2,656.84 USD Swing Low: 2,609.53 USD Previous Day High (pD High): 2,645.63 USD Previous Day Low (pD Low): 2,613.61 USD Key Support Level: 2,580.28 USD Key Resistance Level: 2,733.41 USD Moving Averages: Red Line (50-day MA): Around 2,580.28 USD Blue Line (200-day MA): Around 2,503.15 USD Volume: Notable increase in volume towards the end of the chart, suggesting higher trading interest. Annotations: BoS (Break of Structure): Indicates a significant price movement breaking a previous structure. MSS (Market Structure Shift): Indicates a change in the market trend. Equal Highs: Indicates a resistance level where the price has tested multiple times without breaking through. Buy Strategy with Confirmations Entry Point: Look for a breakout above the Swing High at 2,656.84 USD with strong volume confirmation. Alternatively, consider buying near the support level at 2,580.28 USD if the price shows a bullish reversal pattern (e.g., bullish engulfing, hammer). Confirmation: Ensure the breakout is accompanied by higher-than-average volume. Confirm with technical indicators such as RSI crossing above 50 or MACD showing a bullish crossover. Stop Loss: Place a stop loss below the recent swing low at 2,609.53 USD for a breakout trade. For a support level trade, place a stop loss below the key support at 2,580.28 USD. Take Profit: Set initial take profit at the next resistance level around 2,733.41 USD. Consider trailing the stop loss to lock in profits as the price moves in your favor. Sell Strategy with Confirmations Entry Point: Look for a breakdown below the support level at 2,580.28 USD with strong volume confirmation. Alternatively, consider selling near the resistance level at 2,733.41 USD if the price shows a bearish reversal pattern (e.g., bearish engulfing, shooting star). Confirmation: Ensure the breakdown is accompanied by higher-than-average volume. Confirm with technical indicators such as RSI crossing below 50 or MACD showing a bearish crossover. Stop Loss: Place a stop loss above the recent swing high at 2,656.84 USD for a breakdown trade. For a resistance level trade, place a stop loss above the key resistance at 2,733.41 USD. Take Profit: Set initial take profit at the next support level around 2,503.15 USD. Consider trailing the stop loss to lock in profits as the price moves in your favor. This analysis provides a comprehensive view of the chart and outlines potential buy and sell strategies with confirmations. If you need further assistance or have any other requests, just let me know! ?
Market structure Bearish on HTFs 30 Entry at Daily and Weekly AOi Weekly Rejection at AOi Weekly EMA retest Daily Rejection at AOi Previous Daily Structure point Around Psychological Level 192.000 H4 EMA retest H4 Candlestick rejection Levels 7.97 Entry 105% REMEMBER : Trading is a Game Of Probability : Manage Your Risk : Be Patient : Every Moment Is Unique : Rinse, Wash, Repeat! : Christ is King
#DOT/USDT #Analysis Description --------------------------------------------------------------- + Price is breaking out from the major resistance + Successful breakout will push the price to 40$+ --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price:10 Stop Loss:5.6 ------------------------------ Target 1:15 Target 2:25 Target 3:35 Target 4:40 Target 4:50 ------------------------------ Timeframe:1W Capital Risk: 1-2% of trading amount Leverage: 5-10x --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Feel free to share your thoughts and insights. Don't forget to like and follow us for more trading ideas and discussions. Best Regards, VectorAlgo
Checklist Market structure bearish on HTFs 30 Entry at Daily AOi Weekly Rejection at AOi Daily Rejection at AOi Previous Daily Structure Point H4 EMA Retest H4 Candlestick rejection Y Rejection from Previous structure Y Levels 9.8 Entry 95% REMEMBER : Trading is a Game Of Probability : Manage Your Risk : Be Patient : Every Moment Is Unique : Rinse, Wash, Repeat! : Christ is King
Most of the bullet points are in the chart. If all we do is hold this channel we will hit 115k by eoy. If we get good news out of Microsoft this Tuesday 125k+ wouldn't surprise me. Wont be long before the longer timeframe moving averages will cross the 100k level which will hopefully be giving us support. Happy Sunday!
hello Gold analysis based on Elliott waves Short-term and medium-term time frames Gold is in an important range, the main number in the mid-term and daily time is 2650 dollars, which can continue to be an upward trend and move towards 2855 and 2942 by maintaining the trend line and crossing this number. And if the trend line is broken and $2650 is maintained as resistance, it can remain in the wave of correction and fall. First important support $2558 Second important support at $2444
On Friday, BankNifty exhibited volatility, touching a low of 53160.65 before rallying to a high of 53868.50. It eventually closed at 53509.50, down by 94 points. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) stays positive. Demand/Support Zones Near Demand/Support Zone (15m): 52850.35 - 53038.60 Near Demand/Support Zone (75m): 52563.20 - 52780.90 Far Demand/Support Zone (125m): 51693.95 - 51906.90 Far Demand/Support Zone (Daily): 49787.10 - 50983.50 Supply/Resistance Zones Near Supply/Resistance Zone (Weekly): 53741.40 - 54467.35 (Tested)
*Borosil Renewables Ltd* P&F Formation on Yearly Basis. *W* Formation on Yearly Basis. BO > 574 Needed & to be Sustained. RSI: 1H>D>W>M. All in Bullish Zone. Strong Vol Consolidation Continued. *Trail SL with Upside.* *Book Profit as per Risk Appetite* Strong Renewables theme at play. *This is an Opinion. Do your own research as well* *_Happy Investing_*?