$HS_F Bullish china trade here, can basically go long on anything china related imo, should be good :)
XAUUSD experiences a sharp rejection from the highlighted red resistance zone, indicating a strong presence of sellers in the market. This move could signal a potential reversal or correction as the bulls struggle to break above the critical level. Traders are now closely monitoring for confirmation of further downside momentum or consolidation near this area.
https://www.tradingview.com/x/JFHT64xz/ I really like how Gold reacted to the underlined daily/intraday horizontal support after a pullback. The price formed a nice indecision candle - doji first, then we see a nice bullish imbalance - the engulfing candle. I think that the market can continue rising. Next intraday resistance - 2678 ❤️Please, support my work with like, thank you!❤️
#GOLD.. well guys market perfectly hold our area 2657 that was mentioned in our last discussion. Now market have 2 supporting areas 2657 and immediate will be 2665 Keep close and if market holds that area then again we can expect 2690 plus. Good luck Trade wisely
Gold is showing weakness on the H4 timeframe with a heavy price fall below a swing low in yesterday's trading. The metal's price is now rising toward a previously created resistance level. Will there be a price rejection at the resistance level, or will the price zoom past it to create another swing high? N.B! - XAUUSD price might not follow the drawn lines . Actual price movements may likely differ from the forecast. - Let emotions and sentiments work for you - ALWAYS Use Proper Risk Management In Your Trades #gold #xauusd
At the beginning of the trading session on January 13 (US time), the world gold price fell sharply due to the high demand for profit-taking in the market after the price increased continuously in recent sessions. In addition, the USD also increased sharply. The DXY index reached 109.9 points, the highest level in 2 years. However, according to analysts, in the last sessions of last week, the gold price continuously approached the level of 2,700 USD/ounce, showing positive signals for the precious metal in the future, despite the great resistance of the recovering USD and the rising US Treasury bond yields. It can be seen that in the context of many factors against gold, gold is supported by the hedging tool of inflation, financial market fluctuations, economic and geopolitical tensions. The latest survey results from WisdomTree, an American asset management group, show that the main purpose of using gold in investors' portfolios is "diversification" to spread risks, helping to minimize potential risks in other investments.
nifty opened gap up and made inside candle so will take trade after breaking the low small stop loss ready to give lets see if i get target or SL
FX:USDJPY USD/JPY Potential Reversal Zone with SMC and ICT Insights The chart shows the USD/JPY 4-hour timeframe with various technical indicators and annotations. The price is currently at 157.506, with a slight increase of 0.075 (+0.05%). The chart includes several key elements: Break of Structure (BOS): Indicated at multiple points, suggesting significant shifts in market structure. Change of Character (CHoCH): Highlighted at various points, indicating potential reversals or shifts in market sentiment. Fibonacci Retracement Levels: Key levels at 0.786 (158.452), 0.786 (158.293), 0.618 (158.121), and 0.5 (157.889). Volume Profile: Shows high volume nodes around 157.927 and 157.599, indicating strong support/resistance zones. RSI Indicator: Currently around 46.47, suggesting the market is neither overbought nor oversold. Buy Strategy: Entry: 157.600 (near the current price and volume profile support) Take Profit 1 (TP1): 158.000 (+40 pips) Take Profit 2 (TP2): 158.450 (+85 pips) Stop Loss (SL): 157.000 (-60 pips) Sell Strategy: Entry: 158.100 (near the Fibonacci 0.786 level and resistance) Take Profit 1 (TP1): 157.600 (+50 pips) Take Profit 2 (TP2): 157.000 (+110 pips) Stop Loss (SL): 158.500 (-40 pips) VIP Signal: Buy: Entry 157.600, TP1 158.000 (+40 pips), TP2 158.450 (+85 pips), SL 157.000 (-60 pips) Sell: Entry 158.100, TP1 157.600 (+50 pips), TP2 157.000 (+110 pips), SL 158.500 (-40 pips) This analysis leverages various strategies, including Price Action, Smart Money Concepts (SMC), and ICT Elliott Wave, to formulate detailed buy and sell strategies. The identified key levels offer optimal entry and exit points, ensuring a balanced risk-reward ratio for traders.
Hello, fellow traders! This is my analysis on the crypto market. I will mostly be using the Bitcoin chart on the analysis as Bitcoin’s movements pretty much represents the whole market. https://www.tradingview.com/x/i7UoJ6pV/ This is the daily chart of Bitcoin. There are three distinctive trend channels – green, orange, and white. Green trend channel was the older uptrend channel that persisted from last August to November when Trump was elected as a next POTUS, causing the price to break through the channel. We then see a newer uptrend channel, orange, that rallied Bitcoin above the 100k. This channel, however, has been broken below on Dec 22nd. A lot has happened in December. The Fed has officially said, “Fewer rate cuts in 2025.” – causing negative sentiments throughout the markets. It is also common for people to globally withdraw their assets to spend money during late December and early January for Christmas and New Year spendings. However, from a technical analysis perspective, it is true that Bitcoin has lost its initial momentum since then. https://www.tradingview.com/x/rpYgKESU/ We see two attempts to reenter the channel, only to be pushed back the next day. This shows that the support line of the channel has now become the strong resistance line, with the selling pressure outweighing the bullish momentum. This is where the third trend channel, white, takes place. The resistance of this channel is drawn by two peaks, on Dec 17th and Jan 7th, while the support line is drawn from yesterday’s low. https://www.tradingview.com/x/dBgXRtdc/ https://www.tradingview.com/x/accGN877/ Looking at the hourly chart, we see that this trend channel is very accurate as price consistently reacts to its medial line (white dotted line) dating back to Dec 18th. This channel is the most recent one and given that it is being respected by the price movements, we can confidentally use it for future analysis. But this is only the technical part of the analysis. There are a lot more to consider when we analyze the price movements. https://www.tradingview.com/x/d7IVwOJ2/ As I have marked on the chart above, the US Bureau of Labor Statistics is releasing the CPI data for December – more specifically, Core Inflation Rate YoY and Inflation Rate YoY. This data is very important as the alignment between the actual report and the forecast significantly impacts market movement. The current forecast for Core Inflation Rate YoY is 3.3% - unchanged from the prior. Forecast for Inflation Rate YoY is 2.8% - 0.1% above the prior. If the forecast proves to be accurate, as it usually does, this will remove uncertainty – which would encourage the markets to move upwards. The markes thrive on stability and are heavily influnced by psychology – for instance, the markets suffered from steep decline last month when Fed Chair Powell said that the Fed sees fewer cuts this year. Psychology is a big aspect of the market movements – and with the actual report aligning with the forecast, the market reaffirms that there’s nothing new, encouraging postive sentiment. Donald Trump is also entering his office this 20th – a man who has made pro-crypto claims during his election campaign. He has also said that he will set act on crypto on his first day at the office. The positive sentiment is most likely to be continued to the 20th. https://www.tradingview.com/x/z6jCY4sh/ This isn’t the whole story, though. The Core Inflation rate is still above the Fed’s 2% target despite the high interest rate policy being effective enough to discourage inflation for last few months – this could mean that the Fed may decide to hold the rate cut this month which aligns with their statement last month. The next Interest rate decision will be made on 29th, end of the month. If the rate is maintained, this could then negatively impact the market. Also, the Chinese New Year is from Jan 29th to Feb 12th and people tend to withdraw their assets and spend their time with their families and friends during the holidays which could temporarily discourage the market – but the effect is most likely to be minimal since the Chinese government prohibits the crypto activities (which makes Chinese participants to use p2p rather than withdrawal) and such holidays are only valid in the portion of the global world (East Asia). https://www.tradingview.com/x/qaARKYKt/ https://www.tradingview.com/x/BB8rXMnr/ The yellow support line has been proven to be effective as we see in the hourly chart, and we can expect some bullish sentiment for now. (For context, the red trendline you see in my charts is a major resistance line drawn by two high points in 2021. The line has been acting as a support line ever since it has been broken through after the recent election. Check below.) https://www.tradingview.com/x/5NN67u4Q/ https://www.tradingview.com/x/XUj7NB5u/ Lastly, looking at the Bitcoin Dominace chart, we see that the Dominance has now touched the resistance line – if the line is to be respected like the last two times, we will see Dominance decreasing once again, with altcoins being the options for many investors. This combined information suggests that now might be a good opportunity for long positions, but only in the short term. As I mentioned, the market could face a downtrend in the end of the month. What you choose to do with this information is totally up to you – but personally, I’m considering investing in altcoins I’ve recently observed that are close to their heavy support zone – short term. I hope this analysis helps you understand the current market. Thank you! React, don't predict! Stay disciplined and patient. Don't get greedy and be thankful. God bless :) 2 Chronicles 7-12 (Solomon admits that God has made him the king of Israel and asks for His wisdom instead of anything else and God was deeply pleased by his humble attitude and request, granting him everything else as well. Same can apply in our life of investing.)
Penny stocks aren't usually my style, but I'm feeling rather burly about this setup. Free-swinging longs and free-swinging flannel!