I think we have a short position opportunity in NZDUSD based on volume profile setups.
An analysis a potential upward movement with a target price of $2.45 and a stop-loss set at $1.70. This indicates a bullish outlook, anticipating a significant price increase. The stop-loss at $1.70 is a risk management measure to limit potential losses if the price declines, while the target at $2.45 reflects the anticipated profit level. Please note that cryptocurrency markets are highly volatile, and past performance does not guarantee future results. It’s essential to conduct thorough research and consider your risk tolerance before making any investment decisions.
after the liquidation of the recently low we can now see CHFJPY rally now
Price and candlestick reaction will determine the direction of price for ETHUSD. Analysis on ETH/USD 4H Demand Zone (Long Position): - Wait for the price to enter the 4H demand zone (around $3,242-$3,260). Look for bullish confirmation (e.g., bullish engulfing, hammer candlestick, or a reversal pattern) in the lower timeframes (15m or 30m) within this zone. - Indicators to Watch: RSI: Look for oversold conditions in the demand zone and overbought conditions in the supply zone. Don't chase trades. Chase confluence! Your trading career is going to thank you for it.
Hello, on the monthly time frame, gold is in a strong bullish trend and on this path, corrections are considered buying opportunities.
OANDA:XAUUSD has broken above a major resistance level and is currently retesting this level as support. This area has historically acted as a key decision point, and its role as new support will be crucial in determining the next move. If buyers step in and successfully defend this level, I anticipate a continuation of the bullish trend, with price targeting the 2,830 level. This scenario aligns with the broader uptrend and could offer a strong buying opportunity. However, if this support level fails to hold and sellers push the price below it, we could see further bearish momentum, potentially leading to a deeper pullback. Traders should closely monitor price action for confirmation signals, such as bullish engulfing candles, strong buying volume, or a clear rejection wick, which would indicate that buyers are reclaiming control. Keeping an eye on market structure and key technical signals will be essential for making informed trading decisions.
I have been testing new things. Lets see, how it goes. Please Boost Post And Follow Me
Recapping all the trades I took from Wednesday to Friday.
https://www.tradingview.com/x/MV3qnVpm/ Take a look at our analysis for ETHUSD. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 3,242.43. The above observations make me that the market will inevitably achieve 3,718.98 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
https://www.tradingview.com/x/zvarbUGe/ Please, check our technical outlook for GBPUSD. Time Frame: 2h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 1.239. Taking into consideration the structure & trend analysis, I believe that the market will reach 1.242 level soon. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!