Hey traders, in tomorrow's trading session we are monitoring NZDUSD for a selling opportunity around 0.55800 zone, NZDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.55800 support and resistance area. Trade safe, Joe.
Greetings and respect to my dear companions. Well, dear friends, since the DXY chart of the dollar is important, there is no need for us to follow the monthly chart of the Euro, as the confirmation from (DXY) exerts strong influences on this chart and other currencies. We are more focused on tracking the weekly, daily, and four-hour changes of this currency and other currencies. Therefore, we conclude that the Euro chart remains bearish, and in the weekly timeframe, I expect a good reaction on the IFC candle, as this candle was the start of the previous bullish movement. Thus, the price should reach this candle in the weekly timeframe, and we should obtain confirmations in the daily and four-hour timeframes to make precise trades. In this timeframe, we have a bearish POI and a very good Liquidity that the price hitting these two zones will provide us with excellent trades to form a new low that is currently being created. Now, I have accurately drawn the structure in the daily timeframe for you in red, and you can see that there are no Order Blocks in this timeframe! Therefore, we need to be alert. Friends, these daily candles have overlapped well, indicating that we should expect a great bullish movement from this daily zone and structure, which is strong, towards the weekly zone. However, in the four-hour timeframe, dear friends, in this timeframe, IDM or Liquidity is currently the same as the daily. In this bearish leg, we have no signs of a bearish Order Block to plan around. In the coming days, the chart may provide us with a new Liquidity that we can decide to sell on Pullbacks. Since the chart is getting crowded, I won’t move to lower timeframes like 1 hour or 15 minutes, but I will monitor it since this currency is my favorite for trades, and my ideal timeframe, if not excessive, is trading in 1 second or Tick Time. Friends, since my trading volume is high, I have to trade in this smaller timeframe, but I always have open trades and leverage all timeframes. Thank you, and until the new update on this chart, may you be profitable and successful! Chart Notes: I will place the chart in the four-hour timeframe so you can easily zoom in and see the details. The chart is designed to be very simple and smooth for your use. Since there were no Order Blocks in these timeframes, I did not draw them. The characteristic of an Order Block in every timeframe must have an Imbalance, and all Imbalances have been filled. Fereydoon Bahrami "A retail trader in the Wall Street trading Center (Forex)."
Decided to bid this area one more time on BINANCE:BONKUSDT : The lows need to hold, or it’s an easy path down to 0.00002150 or lower. It needs to break the current swing highs to at least flip the downtrend. Just placing a bet here, expecting the following to happen. Will add significantly once the MSB occurs at the swing high. It’s a good level, and I still believe CRYPTOCAP:SOL holds above 170. Don’t think twice, it’s simple.
Bitcoin is currently trading within a wedge pattern, struggling to make significant moves either higher or lower. While a small push up is possible, it's unlikely the wedge will break this week. A support level break is not off the table, but the market's direction remains uncertain. Monitoring the price action throughout the week will be key.
Even before CES 2025 kicked off a few trends began to emerge — or more accurately, some gaps appeared.  All U.S. and some European automakers that have helped turn CES into an auto show were absent. Several Chinese automakers filled that void, notably Zeekr, the EV brand owned by China’s Geely Holdings. Wey, a premium […] © 2024 TechCrunch. All rights reserved. For personal use only.
Elliott Wave can be very hit or miss, but when used within crypto and technological innovations it actually works a lot of the time. There is no way to properly value these assets so they trade very much in line with waves of price appreciation and technical retracements. I believe we are standing on the edge of entering the frenzy phase, the 3rd wave of a larger 3rd wave price advancement. Get ready to hear all of your friends and family talking about crypto once again.
Here on ETHUSD price form a double top pattern and is likely to fall more if line 3215.29 reach so trader should go for SHORT and expect profit target of 3176.57 and 3129.32 . Use money management
As we said before here price stop multiple times from falling with 90K support zone and soon after more sell open with whales and ... and also more buy open with new investors with leverage market will get ready and have the potential to start it is first phase dump and correction to the downside like the red arrows mentioned on the chart. DISCLAIMER: ((trade based on your own decision))
Xau usd | Next move Touched 2720 ? 13/1/2025 Episode#2 January After Achieving 1200+ pips last week we are ready to catch more pips at this week also there are some different scenarios and what we are expecting ? we analyze the market with higher time frame to lower time frames in monthly candles we create a proper region of resistance level and support area which will be discussed also after moving daily time frame there was so many several rejection at lower area and we have seen in NFP market clearly reject the 2665 area and move directly to 2690.00 we are defining two scenario's in which gold have to touched 2720 area and after that some relaxation because a proper rising wedge have created and maybe touched 2665 area again Additionally : Economy might be affect after a horrible incident in Los Angeles !
My analysis for EUR/USD (EU) this week aligns with my view on other pairs, as the Dollar continues to strengthen. The bearish trend remains strong, and I plan to stay aligned with this pro-trend movement. The price has broken structure to the downside and left a clean 6-hour supply zone that is yet to be mitigated. Once the price retraces to this supply zone, I’ll be looking for potential sell opportunities. I’ll wait for a redistribution pattern to confirm my entry before taking shorts. If the price continues to drop without retracing, I’ll monitor for a closer supply zone to form and adjust my setup accordingly. Confluences for EU Sells: - The price remains strongly bearish on higher time frames. - The DXY is bullish, supporting the bearish trend for EU. - A clean supply zone caused a Break of Structure (BOS) to the downside. - The market is consistently forming lower lows and lower highs. - A significant imbalance below still needs to be filled. Note: If the price reaches the 7-hour demand zone below or the imbalance, I anticipate a potential bullish reaction, possibly leading to a retracement.