the next step would be to watch for a breakout above the upper boundary of the triangle. A breakout with strong volume would be a good signal that the bullish trend is likely to continue.
Gold opened slightly lower in the Asian session, and then accelerated downward. The support position below is near 2620. In the 4-hour period, the stochastic indicator crosses and moves downward. In terms of form, it is under pressure on the upper track of BOLL and moves downward. In the 4-hour period, you can consider continuing to choose a high-altitude approach to deal with it; the pressure position is near 2642! Gold fell directly and broke through. In the end, the gold shorts were better. Gold rebounded in the Asian session and continued to be short. The market is changing rapidly, and you must not think in a one-track mind. Since the short momentum of gold is stronger now, continue to go short! Gold 4-hour last week's triangle convergence pattern, but gold broke directly in the Asian session. Now the gold shorts have broken the balance, so gold continues to be the home of the shorts. Gold continues to be short at highs below 2642 in the Asian session. Gold rebounds near 2640 and can be shorted first. First support: 2620, second support: 2608, third support: 2595 First resistance: 2630, second resistance: 2642, third resistance: 2656 Trading strategy: Sell high and buy low in the 2642~2608 range, trade according to the resistance and support range. Do not trade in the middle position, wait patiently for the key position
Hello, Traders! ? Here’s my latest analysis of GBP/USD on the 4H timeframe. The chart presents compelling bullish signals that suggest a continuation of the upward trend after a potential retracement. Key Observations: 1️⃣ Bullish Divergence on RSI: - The 4H RSI displays a bullish divergence, indicating potential buying momentum as price action aligns with oversold conditions reversing upwards. 2️⃣ Market Structure Shift: - A clear shift in market structure supports bullish sentiment, confirming the likelihood of a continued rally after the retracement. 3️⃣ Retracement Zone: - The market is likely to retrace to the 1.2580 level, offering an optimal entry zone for buyers before the next leg upward. Target Levels: - Short-term: 1.2850 - Mid-term: 1.3000 - Long-term: 1.3450 Trade Plan: ? Entry Zone: Look for bullish price action confirmation near the 1.2580 level. ? Stop Loss: Place stops below 1.2505 to account for potential volatility. ? Take Profit Levels: - 1.2850 - 1.3000 - 1.3450 Risk Management: Risk no more than 1-2% of your capital on this setup. Be patient and wait for retracement confirmations to enter long positions. Monitor the retracement to the 1.2580 level for potential buy entries, with targets scaling up to 1.3450. Let me know your thoughts and share your ideas below. Happy trading! ? #Forex #GBPUSD #Bullish #TradingViewIdeas
?Sound on!? Thank you as always for watching my videos. I hope that you learned something very educational! Please feel free to like, share, and comment on this post. Remember only risk what you are willing to lose. Trading is very risky but it can change your life!
?Sound on!? Thank you as always for watching my videos. I hope that you learned something very educational! Please feel free to like, share, and comment on this post. Remember only risk what you are willing to lose. Trading is very risky but it can change your life!
Gbp/Aud is in a downtrend making lower highs and lower lows. We now have a lower high... and Im expecting a lower low. So if you need to use some kind of swing high/low indicator, it can help. The plan is to wait for some kind of sell signal using your buy sell, or trend indicators.. and then sell. This is a sell idea based on the hour 4 time frame , and the price is making lower highs and lower lows. So good luck... please use risk management
Last week, the Federal Reserve's preferred inflation measure was the newly announced personal consumption expenditure index (PCE). PCE increased 2.8% over the past 12 months, higher than expected. The US central bank indicated in its latest meeting minutes that higher-than-expected inflation could force it to adjust the pace of its easing cycle. The market still predicts the Fed will cut interest rates by 25 basis points in December and will continue cutting until early 2025. In addition to Trump's social media posts, markets will focus on key economic data this week such as jobs data. If the employment situation is not as expected, gold prices may increase again. A stronger labor market could make an interest rate cut unlikely this month. Investors who record profits can rest assured. In the long term, market sentiment is quite optimistic. Many analysts believe that gold price will reach 3,000 USD/ounce next year. ? XAUUSD BUY 2627 - 2625? ? TP1: 2640 ? TP2: 2650 ? TP3: OPEN ? SL: 2618
"Join me in buying ARPA/USDT. Timeframes: H4 - D1 - W Entry Price: Around the current price Take Profit: Approximately $0.075 (H4 cycle) Recommendation: Spot"
?Sound on!? Thank you as always for watching my videos. I hope that you learned something very educational! Please feel free to like, share, and comment on this post. Remember only risk what you are willing to lose. Trading is very risky but it can change your life!
Typically Mondays are mondane. However sometimes they can be quite fruitful ***TRADING WITH THE MOVING AVRAGES*** ***1HR timeframe 4*220MA is signalling a move to the downside. ***However market has moved over 500 points since previous high, so looking for a possible pullback at this point ***Market has failed to hold above the 1.05600 as per last idea last week ***Hence looking for sell confirmation via 1HR 1*4 MA to the down side. ***when sell is confirmed, I will looking for further sell signals this week via 1HR 1*14 MA or 15M 4*75MA to the down side. ***Failing that I will be looking for 1HR 1*75MA to to the upside for buy continuation ***follow me at telegram for me daily signals*** https://t.me/supremacysignals