GOLD (XAUUSD): Ahead of CPI, FOMC & FED Rate Decision,Your PlanTraders, please keep in mind that we have important economic events such as the US CPI & FOMC, as well as the FED Interest Rate decision later today. Here is my analysis for GOLD before the news.
The pair recently broke through a key daily support level, leading to a new lower low and a correctional move. On the 4H chart, a bearish flag pattern is evident. A break below the flag's support would indicate a strong bearish trend and trigger a sell-off.
It's important to note that the previously broken support level now acts as a strong resistance level.
On the other hand, a bullish breakout above the highlighted supply zone with a 4H candle closing above it would signal a strong bullish move.
Flag
HIFIUSDT | Ready for a Move Higher?Market Context
Is HIFIUSDT poised to climb from this point? It’s looking possible!
Chart Analysis
We recently hit a new low on the daily chart, thanks to a Friday flush. However, this could be the recovery point we’ve been waiting for. Today’s price action hints at a potential false break on the daily timeframe, setting the stage for a rebound.
Strategy
This is a risky trade, but I’m a risk-taker! I’m betting on a bounce and aiming for our profit target. Let’s see if HIFI hits the right notes and moves higher!
Stay tuned for updates and let’s watch this play out!
XAUUSD SHORTPreviously we had our descending channel that broke out to the upside with a confirmation of the W pattern. After fighting the push up it turned into an ascending wedge and after that 4 hour candle open outside of the wedge trendline we dumped 87 points and also broke all of our previous supports from our descending channel.
We've now formed a bear flag which I have mapped out. Rejection from previous W pattern neckline might bring price down or also a rejection from the green trendline that forms the bear flag.
Looking for entry at the break of the red trendline forming the bearflag but that would also be with a confirmation of a higher timeframe candle close below that line.
This of course is just a prediction. HAPPY TRADING :)
$BTCUSD - Oh no, double top?Hi guys! 👋🏻
🔔 $71400 is a static barrier for $BTC. The resistance which #Bitcoin is yet to break. Bitcoin is lacking liquidity to overcome that resistance, thus I'm waiting for the continuation of a correction.
🔔 Any bullish sign will be only above the aforesaid resistance or when #BTC completes the double top pattern and withholds the support at $60800.
🔔 Watch the area marked with rectangle on this chart closely.
✊🏻 Good luck with your trades! ✊🏻
If you like the idea hit the 👍🏻 button, follow me for more ideas.
Virgin Galactic: Sky's the Limit for Space Tourism's TrailblazerVirgin Galactic is pioneering the emerging space tourism industry, with a successful test flight marking an important milestone. With a strong brand, visionary leadership, and a growing list of customers, the company is poised to capitalize on the high-end tourism market.
Moreover, Virgin Galactic has the potential to generate substantial revenue from jet propulsion sales, and its stock price has been volatile but overall bullish.
US30 WEEKLY ANALYSISHello traders here is a setup of US3O as you can see the price has been bullish for the past months and now it has created a bearish flag pattern that signals a bearish reversal you can see also the price has also been respecting the trend lines and it has shown bearish rejection last week. I entered a bearish trade when the price showed me a rejection and now I am waiting for it to drop.
Livepeer to $12On the above 2-day chart price action has corrected 40% from the recent high. A number of reasons now exist to be long, including:
1) Price action and RSI resistance breakouts.
2) Price action finds support on past resistance. Look left.
3) Price action finds support on the Golden ratio.
4) The bull flag flagpole measures 100% move following resistance breakout.
5) GRM support is already confirmed.
Is it possible price action corrects further? Sure.
Is it probable? no.
Ww
Type: trade
Risk: <=6%
Timeframe for long: now
Return: 100%
CRVUSDT | Small Move Higher on the Horizon?Market Context
We’ve got an intriguing setup on CRVUSDT! A bullish engulfing candle on the 1H chart, coupled with a trendline break, could be signaling a move higher today.
Strategy
While the market might be quiet today, this calm could allow smaller tokens like CRVUSDT to make some interesting moves. This setup suggests we could see a nice pop!
Let’s keep an eye on this—small tokens often bring big surprises!
BICOUSDT | New High Soon?Market Context
Is BICOUSDT gearing up for a new daily high? The charts are looking promising!
Weekly Analysis
On the weekly timeframe, we've finally broken above and retested the 20 EMA—a classic signal for a move higher. With altcoin season just around the corner, BICO is poised for a significant upward move.
Strategy
I'm jumping in and longing the market now! The stars are aligning for BICO, and we could be on the brink of an exciting rally.
Let’s ride this wave to new heights!
SOLUSDT | Continuation🚀 Last but definitely not least for today: Solana is poised for a big move!
Market Context
With Bitcoin on the rise, I'm betting on Solana reaching the $200 mark!
Bull Flag Breakout
We've just witnessed a break of the bull flag with solid volume, signaling a strong push upwards.
Solana is trending along with the broader crypto market. Let's see how high it can fly!
BEERUSDT | Another Bullish Scenario 🍻 Market Context
Another bullish setup brewing today before the NY session kicks in! Yesterday, I missed the trend with TAIKO, but today I'm feeling much more confident with BEERUSDT—after all, who doesn’t like beer? 😜
Trade Setup
Similar to yesterday's scenario, but today we have more confirmation on higher timeframes, making this setup even more enticing.
Strategy
The target price (TP) will be set later, depending on the price action’s push up or down. Stay tuned for updates!
Let’s raise a glass and see how this trade plays out!
NZDJPY Bullish ContinuationHello Everyone!
How are you all?
NZDJPY is a pair to watch this week, because it is shaping up very nicely for a bullish trend continuation that we can capitalize on.
So, I will be looking for a bullish continuation because of the following reasons:
1. The overall trend is bullish.
2. The price has formed a continuation structure and it is approaching the value area.
3. COT report shows that Nzd has 29,791 long positions and 22,586 short positions; Jpy has 40,427 long positions and 172,528 short positions.
Game Plan:
If the price comes to the VA, and rejects at that level or sweeps the Low, and makes a bullish impulse followed by a 15mins flag with two highs and lows.
Entry : will look for a risk buy entry within the flag or a reduced risk entry on the breakout of the flag.
Patanjali Foods Limited at resistancePFL has formed a long-term Flag pattern and has reached a resistance level. A breach of this resistance shall entail a rise in price level by another INR 1000 from current levels. Let us keep track of it.
#patanjalifoodsltd #patanjalifoods #patanjali #patanjalitechnicalstudy #patanjaliflagpattern #patanjalipricelevel #patanjalipricetarget
CHRUSDT | Bull Flag Analysis🚀 Exciting trade opportunity forming on CHRUSDT—you don’t want to miss this one!
Market Context
BTC is rising, and altcoin season is just around the corner!
Daily Chart
We saw an amazing breakout on the daily chart with a strong green candle. This signals robust bullish momentum.
2-Hour Timeframe
We're currently in a small retest phase. On the 2-hour chart, we've broken the previous high and are retesting it immediately. This is a classic sign of an upcoming move upwards.
Trade Setup
With a risk-reward ratio of nearly 8:1, this trade is too good to pass up! I'm targeting the next daily high, which aligns perfectly with our bull flag target.
This setup looks incredibly promising—let's see how it plays out!
BRETTUSDT | Everything is TrendingThe entire market is trending, and it's time to ride the wave! BRETTUSDT is set to reach new highs!
Market Context
With the market's bullish momentum, BRETT is perfectly positioned for a breakout.
Trade Setup
We've got the wind at our backs, and I'm targeting a new high for BRETTUSDT. The volume and price action are aligning perfectly for a major move.
Don't miss out—let's see just how high BRETT can soar!
TAIKOUSDT | Trending Alert Get ready—TAIKO is on the move and could easily hit 3.5 today!
Pre-NY Session Buzz
TAIKO is trending strong ahead of the NY session open. With the influx of NY volume, we might see a dramatic price action—either a sell-off or a price boost.
Trade Setup
With an impressive 7:1 risk-reward ratio, I’m jumping in on this opportunity. This could be a game-changer!
Let’s enjoy the ride and see where TAIKO takes us!