The right position for the fall position with respect to the loss limit, the second objective is very attractive
GBPJPY is gonna go long because price was in a downtrend, we had a breakout creating a change of character and we can see price retest to the choch and then go long
AlexGoldHunter FXOPEN:XAUUSD Expert Analysis of Gold Spot (XAU/USD) on a 1-hour Timeframe Current Market Structure: Support Levels: Around $2,600, marked by a blue shaded area. Resistance Levels: Around $2,650, marked by a blue shaded area. Break of Structure (BoS): Indicates a shift in market sentiment, suggesting potential trend reversals. Market Structure Shift (MSS): Highlights significant changes in market structure, often preceding trend changes. Equal Highs: Indicates a strong resistance level where the price has been rejected multiple times. Indicators: Volume: Shows the trading volume, with notable spikes indicating high trading activity. RSI (Relative Strength Index): Current RSI: 51.97 (neutral zone) Lower RSI: 39.81 (potential buy signal if it drops further) MACD (Moving Average Convergence Divergence): MACD Line: 1.08 Signal Line: -2.76 Histogram: -3.85 (indicating bearish momentum) Buy Strategy with Confirmation: Confirmation: Look for the price to bounce off the support level around $2,600. RSI should be below 30 (oversold condition) and start to rise. MACD should show a bullish crossover (MACD line crossing above the signal line). Entry Point: Enter a long position when the price confirms a bounce off the support level and the RSI and MACD provide bullish signals. Stop Loss: Place a stop loss below the recent swing low, around $2,590. Take Profit: Set the first take profit level at the resistance around $2,650. If the price breaks above $2,650, consider trailing the stop loss to lock in profits. Sell Strategy with Confirmation: Confirmation: Look for the price to be rejected at the resistance level around $2,650. RSI should be above 70 (overbought condition) and start to decline. MACD should show a bearish crossover (MACD line crossing below the signal line). Entry Point: Enter a short position when the price confirms a rejection at the resistance level and the RSI and MACD provide bearish signals. Stop Loss: Place a stop loss above the recent swing high, around $2,660. Take Profit: Set the first take profit level at the support around $2,600. If the price breaks below $2,600, consider trailing the stop loss to lock in profits. Summary: This analysis provides a comprehensive view of the current market conditions for Gold Spot against the U.S. Dollar, along with actionable buy and sell strategies based on technical indicators and key levels. If you have any further questions or need additional analysis, feel free to ask! Happy trading! ?✨
So we broke 100k. I'm sure we'll see higher in the next 10 months. What's next? When is the correction? I see such messages every day. That's why I want to give a full commentary and my vision. As Waykoff told us, there are accumulation and distribution zones. On top is the distribution zone If we stick to the theory of cycles, which I often write about https://www.tradingview.com/chart/BTCUSD/rzesRoVF-Wyckoffian-logic/ https://www.tradingview.com/u/EXCAVO/#search-charts= We are entering the zone of local distribution I mentioned and marked with red zones If we are interested in the question how we will form the top and where we will distribute? I would take into account the fact that we are already in the bitcoin distribution zone in this cycle and it will continue for another 10 months. So, sideways in the 50k range, I agree, but I don't think it will go below the previous high of 73k. https://www.tradingview.com/x/mNxDvTwF/ Three distribution options: 1. ATH and then a gradual slide - the most standard top formation, with a run above 100k to induce euphoria https://www.tradingview.com/x/TzBZjhYo/ 2. Two rising tops look better with liquidity removal of the first top, etc. https://www.tradingview.com/x/SIenFE5W/ 3. The killer of all the shorts, those waiting for the crisis, and so on. They're going to kill all the non-believers on the moon. And force everyone who believes in a million dollars for bitcoin to buy it. https://www.tradingview.com/x/jY23L4RR/ Conclusion - I expect a local distribution above 100k over the next 10 months, the possible top formation I have shown. I do not expect a sharp drop to 50k - bitcoin has become a different asset class. Everything can change a lot in 10 months, and based on my cycle theory, https://www.tradingview.com/chart/BTCUSD/o5q3MLFJ-Bitcoin-Beginning-of-a-new-cycle/ I am waiting for the bull cycle to end. In this range of 10 months, altcoins will once again fall and rise at the very end. They will fall 51 more weeks down after September 2025. I'm talking about local forecast in 1-2 years, further it will be even more interesting because globally after this cycle, all retail will say goodbye to their bitcoin and will not buy it back cheaper in 95% of cases. and Next we will count how much 1 sashoshi is worth. in 1 Bitcoin is 120,000 satoshis. When 1BTC reaches $120k. 1 sat = 1USD And due to the fact that the printing press is working 1 satoshi will grow in the long run. I hope for the best in our world. Stay close. You can find out about other communication opportunities down below the chart. Best regards EXCAVO
SHIB/USDT: Preparing for a Breakout Amid Bullish Momentum SHIB/USDT is gearing up for an exciting opportunity ? as it approaches a critical trendline resistance zone once again ?. Despite a recent rejection, the setup remains intact, and another attempt at a breakout appears likely ?. A successful breakout could ignite a strong bullish wave ?. Stay vigilant and wait for confirmation before making your move. Key Insights: 1. Trendline Resistance: SHIB/USDT is facing a significant resistance level that has capped its price movements. Another test of this level could lead to a decisive breakout. 2. Volume Watch: Keep an eye on trading volume during the breakout. A noticeable spike in volume will confirm buyer strength ?. 3. Momentum Signals: Indicators like RSI and MACD are turning positive ⚡, hinting at growing bullish momentum ahead. Steps to Confirm the Breakout: Look for a clear 4H or daily candle closing above the trendline resistance ?. A strong volume surge during the breakout signals increased buyer activity ?. A retest of the resistance, now acting as support, adds confirmation ✅. Beware of fake breakouts, such as quick reversals or long wicks above the resistance ⚠️. Risk Management Strategies: Set tight stop-loss orders below key support levels to limit risk ?. Maintain proper position sizing in line with your overall trading plan ?. This analysis is for educational purposes only and not financial advice. Always conduct your own research (DYOR) ? before making any trading decisions. Stay patient, and be ready for the next bullish wave!
✔️Gold prices fell on Thursday (December 5), as US bond yields rose after the release of weekly jobless claims data, while the market awaits the official US jobs report for fresh insight into the Federal Reserve's stance on interest rate cuts. ✔️Investors' focus now shifts to the official US jobs report on December 6, which could show the US economy added 200,000 jobs in November after adding just 12,000 jobs in October, to give the market a clearer view on the interest rate path. ✔️Fed Chairman Jerome Powell said on December 4 that the US economy is stronger than expected and suggested a more cautious stance on interest rate cuts. ✔️The market is currently forecasting a 74% probability that the Fed will cut interest rates at its December meeting. Gold, which does not yield, tends to perform well in a low interest rate environment. ✔️Note: Gold is currently completely following fundamental news, especially US economic news! Bad News Gold Rises! Good News Gold Down ? Trading plan: ?Buy Gold: 2625x Sl: 2620 Tp: 2633 - 2640 - 2652 ?Sell Gold: 2654x Sl: 2659 Tp: 2648 - 2642 - 2634 ?Sell Gold: 2665x Sl: 2671 Tp: 2655 - 2644 ?Note: Set SL tightly for each order, the financial market is full of risks, if you don't set SL, don't place an order. ?Wishing everyone a happy and joyful Thursday ?
Hi Dear Traders Structure of Gold Market Check my chart and share your idea about this forecast. Current price 2642.00 here we stay in Buy Side because I'm thinking The Gold market will Bullish Movement. Key Points. Support zone 2635/30 Resistance 2660/70 you can see more details in the chart. If You Find this analysis be sure to fallow me for more insights
TAOUSDT Technical analysis update BINANCE:TAOUSDT has formed a cup and handle pattern on the daily chart. With high volume, the price has broken above the neckline resistance, signaling a potential strong bullish move in the coming days. Buy zone : Below $720 Stop loss : $560 Take Profit 1: $855 Take Profit 2: $1100 Take Profit 3: $1500
TI has been consolidating since oct 2023 now we have got an entry on 30 min time frame, in which it has been in consolidation mode and showing some strength.. we can initiate an entry at this point with a stoploss of 11% with an upside potential of 40-50%
If gold can break 2647 and maintain 2668 follows behind, 2694✅?? if the gold gods are listening ?? if cannot hold steady 2609 and even 2592 may be the short term targets