Fundamental factor forecast gold is pullback. What going on market ?
Hi traders! ? I'm entering ETH/USD at a key zone. The price is testing support at $2,098, and while the trend is still weak, the RSI at 30 suggests we're in oversold territory. ? Trade Details: ? Entry:$2,098 ✨ ? SMA 200:$2,213 → strong resistance. ? SMA 20:$2,167 → could act as a barrier. ? TP:$2,256 ? ? SL:$1,912 ? Clear risk management in place—let's see if we get the bounce! What do you think? ??? ⚠️ Disclaimer: This is not financial advice. I'm just sharing my analysis and personal experience. Every trader should do their own research and manage their risk. ?
Hi guys my opinion on the weekly sell script Here I provide the details of what daily has to accomplish for the weekly sells to happen
Bitcoin is currently experiencing a downward trend on a daily basis. Following a period of consolidation within a horizontal range, the market broke below its support level and reached a new low. On retesting the broken structure, the market formed a symmetric triangle pattern. The breakout of the support line within this pattern indicates a strong confirmation for potential intraday bearish movement. A bearish movement is anticipated, with a target price of at least 79,080.
CADJPY Daily Timeframe CADJPY has shown a clear impulse in July 2024. We are now in a massive correction, consisting of 3 major waves, ABC. It appears we have almost completed Wave B and now we are anticipating wave C. We expect wave C to push up to the corrective highs where we have the 61.8 fib. Here are some key things to watch: - Wave Structure: Ensure that Wave B has completed its corrective pattern - Wave C Confirmation: Look for a strong bullish impulse off the lows of Wave B. - Volume & Momentum: A rise in volume and bullish divergence in RSI/MACD could confirm Wave C is underway. Confirmation for Wave C: Break of Structure (BOS) / Trendline Break When identifying confirmation for Wave C, a Break of Structure (BOS) or a Trendline Break is one of the strongest signals that the corrective phase is ending. Break of Structure (BOS) – Key Levels to Watch Wave B typically forms lower highs and lower lows. A break above the last lower high signals a bullish shift. Look for a decisive close above the previous swing high on the 4H or daily timeframe. A weak break (with wicks) may indicate hesitation. A higher low after the break adds extra confirmation. Trendline Break – Reversal Signal If Wave B formed a descending trendline, watch for a clean breakout with strong bullish candles (not just wicks). Retest of the trendline as support after the breakout strengthens the case for Wave C starting. Trade Idea: - Watch for Wave C to start using the techniques listed above - Once entered, keep stops below wave B - Targets: 107 (500pips), 112 (1000pips) Goodluck and as always trade safe! See below for our previous swing setups: Swing Setup 1 https://www.tradingview.com/chart/CADJPY/WmhhYDW4-VIP-CADJPY-LONG/ Swing Setup 2 https://www.tradingview.com/chart/CADJPY/x7F0niHG-VIP-CADJPY-SHORT/ Swing Setup 3 https://www.tradingview.com/chart/CADJPY/JlF4r3Li-VIP-CADJPY-SHORT/
? Technical Analysis Overview LTC/USDT (Litecoin) is clearly in a downtrend on the daily chart, with price recently breaking below the key support zone (around $100-$102). Currently, the price is consolidating below this level, indicating potential further downside risk. ? Key Technical Points ✅ Support Breakdown: • The previous $100-$102 support zone has been breached and may now act as a new resistance level. • The price is currently trading below this area. If it fails to reclaim this level, it could confirm a break-and-retest pattern, favoring further downside. ✅ Volume Analysis: • The breakdown occurred with increased selling volume, indicating strong bearish pressure. • If a rebound occurs but lacks volume expansion, it suggests weak buying power and a continuation of bearish sentiment. ✅ Potential Target Levels: • If the price continues trading below $100, the next major support levels are $87.68 and potentially $79.71. • If the price reclaims $102 with strong momentum, it could test the resistance zone between $108-$112. ? Trading Strategy Suggestions ? Short Strategy: • If the price retests $100-$102 and faces rejection, it could be an opportunity to enter a short position, with a stop-loss around $102.5-$103.0 and a target towards $87.68 or lower. ? Long Strategy (Cautious Approach): • If the price closes above $102 with strong volume, traders may consider a short-term long position, setting a stop-loss below $99 and aiming for $108-$112. ⚠ Risk Warning The market is currently bearish, and traders should closely monitor price action around the $100 key level while managing risk properly! https://www.tradingview.com/x/aWOhMUq3/
The price is currently struggling to break the key resistance level at 2930. It is likely to continue sweeping liquidity at last week's Friday Asian session low before gaining momentum for an upward push.
Market Overview: ? Strong JPY Performance: Expectations of another BoJ rate hike have pushed the Japanese Yen to perform strongly in the Asia-Pacific region. ? Record Net Long Positions: Non-commercial traders' net long yen futures surged to 96K contracts (up from 61K), setting a 30-year record according to CFTC data. Technical Insights: ? Descending Channel & Reversal Setup: While bearish pressure has been evident, momentum is showing signs of easing, hinting at a potential stabilization or near-term bounce. A reversal setup is identified in the 147.000/148.000 zone. ? Key Level: Next week, the crucial level is 148.000. Be prepared for a buy signal if prices break above, or a sell signal if they remain below this level. Upcoming Catalysts: ⏰ Fed Policy Uncertainty: With Fed Chair Jerome Powell indicating that rate cuts are not imminent, this policy uncertainty could favor the US Dollar in the coming week, influencing the JPY further. Keep an eye on the Consumer Price Index, Producer Price Index, and Michigan Consumer Sentiment Index. Stay Tuned: I'll provide a detailed update at the beginning of next week. Follow along for more insights and actionable trading strategies! Happy Trading! Disclaimer: Forex and other market trading involve high risk and may not be for everyone. This content is educational only—not financial advice. Always assess your situation and consult a professional before investing. Past performance doesn’t guarantee future results.
Just opened as short trade on fartcoin on challenge account only. Am anticipating a big sell off in a bit to at least $0.2075 area today where I will consider take some profit as I'll be up about 5RR. Depends on the price action doing down to that area Time sensitive. If you reading his and its still near to entry you don't have much time to get in!
AAPL ist im M bärisch, W ebenso, das D kommt auch nicht in die Gänge. Wenn wir die 241 nicht nachhaltig schaffen bis Di oder Mi, dann wird AAPL wieder Richtung 230 oder tiefer gehen.