I've spotted a nice double top forming at the top of an impulsive move. I will be looking to short this position once price breaks the neckline, targeting a 1:1 RR
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It looks like you're planning to sell Bitcoin (BTC) around 103,500 with target price levels of 97,000 and 102,000. Here's a breakdown of your trade plan: Sell Position Details Sell Entry Price: 103,500 Target 1: 102,000 (short-term target) Target 2: 97,000 (longer-term target) Risk Management Set a stop-loss to manage risks effectively. For example, if BTC rises significantly above 103,500 (e.g., 104,500 or 105,000), you may consider exiting to avoid further losses. Market Analysis Tips Check for support and resistance levels near your targets. Keep an eye on market trends, news, and technical indicators (RSI, MACD) to validate price movements. CAPITALCOM:BTCUSD
Here’s a simple FVG (Fair Value Gap) Trading Strategy for XAUUSD tailored for trading the London session with a focus on trading only when all conditions are met.
"? Welcome to Golden Candle! ? We're a team of ? passionate traders ? who love sharing our ? technical analysis insights ? with the TradingView community. ? Our goal is to provide ? valuable perspectives ? on market trends and patterns, but ? please note that our analyses are not intended as buy or sell recommendations. ? Instead, they reflect our own ? personal attitudes and thoughts. ? Follow along and ? learn ? from our analyses! ??"
Based on a comprehensive analysis of various factors, there are several reasons that could justify a short position on the USDCAD pair from 1.5x with a target of 1.365. 1. Interest Rate Differentials The US Federal Reserve and the Bank of Canada may have diverging stances on interest rates. If the Bank of Canada is projected to raise interest rates or the US Federal Reserve is anticipated to lower them, this could lead to a depreciation of the USDCAD pair. 2. Economic Indicators Economic indicators such as GDP growth, unemployment rate, inflation, and consumer sentiment can influence the exchange rate. If the Canadian economy is expected to outperform the US economy, this could lead to a depreciation of the USDCAD pair. 3. Commodity Prices Canada is a significant exporter of commodities, particularly oil. If oil prices are expected to rise, this could lead to an appreciation of the Canadian dollar and a depreciation of the USDCAD pair. 4. Political Risks Political events and policy changes can influence exchange rates. If there are political risks in the US that are expected to negatively impact the US economy or if there are positive political developments in Canada, this could lead to a depreciation of the USDCAD pair. 5. Market Sentiment Market sentiment can influence exchange rates. If traders are bearish on the US dollar or bullish on the Canadian dollar, this could lead to a depreciation of the USDCAD pair. 6. Technical Analysis The USDCAD pair may be at a key resistance level at 1.5x, and a reversal pattern may be forming. If the pair breaks below this level, it could signal a move towards 1.365. Please note that these are potential reasons and the actual movement of the USDCAD pair will depend on a variety of factors. It's important to conduct thorough research and consider the potential risks before making a trading decision.
At the beginning of this week, OANDA:XAUUSD quite strongly from 2,627 USD/oz to 2,726 USD/oz, but then dropped sharply to 2,645 USD/oz and closed the week at 2,648 USD/oz. The reason why international gold prices increased sharply in the first sessions of this week was because investors reacted to the fact that the People's Bank of China (PBoC) returned to buying 5 tons of gold in November after many months of temporarily stopping buying. reserve gold. Even with the six-month hiatus, the PBoC bought 34 tons of gold this year and remains one of the top central banks buying gold in 2024. However, gold currently accounts for less than 6% of China's total foreign exchange reserves. This shows that the PBoC's room to continue buying gold reserves is still very large, especially when US-China tensions are increasingly escalating when President-elect Donald Trump threatens to impose very high tariffs on China. However, after rising to 2,726 USD/oz earlier this week, gold prices once again fell sharply because US inflation remained persistent, affecting expectations of the FED's monetary easing cycle. While the decision on FED monetary policy will receive more attention next Wednesday, the gold market will also receive important economic data that can impact the FED's monetary easing cycle, such as retail sales, revised third quarter GDP of the US... https://www.tradingview.com/chart/XAUUSD/CCfR4UMl-GOLD-corrects-possibility-remains-optimistic-as-FOMC-is-coming/ ?Technically, the gold price still maintains an uptrend on the Daily technical chart, as the price is still above the EMA89 moving average. However, on the H4 chart, the movement of the moving average shows that the price is accumulating sideways, the resistance area to pay attention to is around the 2725 mark, while the important support zone is around the round resistance mark of 2600. In the coming week Many influential information can cause gold prices to fluctuate strongly beyond this sideways range. Notable technical levels are listed below. Support: 2,644 – 2,634USD Resistance: 2,663 – 2,676 – 2,693USD SELL XAUUSD PRICE 2751 - 2749⚡️ ↠↠ Stoploss 2755 BUY XAUUSD PRICE 2579 - 2581⚡️ ↠↠ Stoploss 2575
After the H4 bullish engulfing candle it looks pretty cool for a trend continuation.
Bitcoin Buy position According this analysis Be Carefully use it Guys Be carefully Nice price Going in Buy side Let's Sit in Buy Side Target Point 106K
Times in the subwaves are little congested but nothing out of rule. And the bigger picture points out for at least 6$. Under 1.4$ i would be concerned for this count.