1.Important levels 2.Support & Resistance 3.Targrt levels
This 15-minute chart of Gold Spot / U.S. Dollar (XAU/USD) from FOREXCOM shows a period of price consolidation within a highlighted resistance zone. Key observations include: 1. Resistance & Support Levels: The price is moving within a range-bound zone between approximately $3,141.33 (support) and $3,166.24 (resistance). The red rectangle marks the consolidation zone, indicating price rejection at the upper boundary. 2. Price Action: A bullish trend preceded this consolidation, suggesting possible accumulation or distribution. Price briefly broke above the resistance but retraced, signaling potential weakness. 3. Possible Scenarios: A breakout above $3,166.24 with strong volume could lead to further upside momentum. A break below $3,141.33 may indicate bearish continuation towards lower support levels.
This trade idea was posted couple days ago and now the target has been met. I believe there might be some more room down but might get some retracement tomorrow before expanding more on Friday, let's see. But if you followed this you're getting bangers tomorrow.
Price has been in a obvious downtrend. once price closes below 55015 on the 15min tf im looking for a nice scalp opportunity.
Hello folks, EU/ EUR/USD Updates, since this idea working on higher timeframe/daily. I will be shorting above, see the sl zone. The targets see below. Good luck. My idea is on daily, if price goes down hard, I will update for entries at 4h. Idea here is continuation pattern on a weekly basis. So if price goes down it might retrace only. Pewwpeww. This is not a financial advice, use stop loss for your protection, just a like a condom. lol Good luck fellas, Writing more ideas base only my trading style.
downside process starting weakly support touch go to the downside. @Ye_dollar248
We have a descending triangle/wedge pattern that has formed. I'm expecting to see some continuation short. This trade is based off the M5 timeframe.
Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 84,700/61.80% Chart time frame: C A) 15 min(1W-3M) B) 1 hr(3M-6M) C) 4 hr(6M-1year) D) 1 day(1-3years) Stock progress: B A) Keep rising over 61.80% resistance B) 61.80% resistance C) 61.80% support D) Hit the bottom E) Hit the top Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern. When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point. As a great help, tradingview provides these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved. If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks. If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.
Hello folks, this is my daily timeframe analysis on GU, this idea base on the retracements, the zone above would be our stop loss. The target are indicated xxx below. Entry at daily see chart above. this is only my view on daily timeframe. Good luck. stop loss above the zone. pewwpeww https://www.tradingview.com/chart/GBPUSD/wROglkDo-GBPUSD-NEW-UPDATES/
That horizontal price point is where Gold might outperform BTC if we could break that critical price, othnerwise we moon with BTC