XAU/USD: Awaiting Breakout or Further Correction?The XAU/USD chart on September 30th reveals an intriguing scenario as gold prices hover around $2,652.115.
A solid support level at $2,643.949 acts as a strong "shield," preventing any significant drops. Additionally, the EMA 34 ($2,651.911) and EMA 89 ($2,618.401) provide robust support, forming a solid foundation for buyers to maintain upward momentum.
However, the real battle lies at the resistance level of $2,669.912. If buyers can muster enough strength to break through this level, the path to new highs at $2,691.980 will open up.
In this tense market environment, key economic news and Fed actions will play pivotal roles, potentially shifting the entire landscape in a matter of moments.
Longsetup
Alikze »» XRP | Rising triangle pattern🔍 Technical analysis: Rising triangle pattern
- It is in the supply zone in the daily time frame.
- An ascending triangle is now formed.
- Therefore, with the support of the 59 cent zone, it will have the ability to break the supply zone.
- After the failure of the supply area, it can continue its growth until the next supply area.
- According to the formation of the incremental triangle pattern, it can grow as much as the height of the triangle up to the area of one dollar.
- Therefore, after the failure of the supply zone and pullback to it, it can climb up to the next supply zone.
💎 Alternative scenario: In addition, if the dynamic trigger zone is broken from the bottom, the bullish scenario will be invalidated.
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CADCHF Bullish Divergence Trade. Wait for Daily Close > 75EMA
This is a possible scenario for CAD CHF following some recent Bullish Divergence on a Daily time-frame.
The idea would be to wait for the trade to properly setup above the EMAs 25/50/75 and in particular a Daily close above the yellow 75 EMA would be a signal to get Long.
* For educational use only and to explain 1 particular way you can trade divergences in RSI and Price, preference always to higher timeframes for better reliability of the setup.
Ford (F): Waiting for the right moment after recent bounceAfter being stopped out at break-even with profits already taken on NYSE:F , we are now observing the chart again. We're pleased that we didn't buy any shares as the anticipated bounce did not materialize. However, Ford did bounce almost exactly at point X, which is where wave 2 should not have dropped below—it briefly wicked under before pumping back up. This is something we can respect, as we haven't been stuck below the designated level for an extended time.
From a technical perspective, the plan is clear, but Ford is highly impacted by the current political climate, as car companies are in the spotlight right now. Despite this, we are planning for a push upwards after the recent dip. Ideally, we should not revisit the $9.64 level or, even better, avoid the wave (ii) level. Multiple levels need to be flipped for us to be confident that there's enough strength for future success. We've marked the "Ideal Entry Point" with a green dot, and it should be clear what we want to see.
For now, we're standing on the sidelines, letting it develop and play out. If our scenario unfolds as anticipated, we can capitalize on it.
Plan the trade and trade the plan.
SWING IDEA - REDINGTON LTDA potential swing trade opportunity in Redington Ltd , a leading distributor of technology products and supply chain solutions.
Reasons are listed below :
The stock has broken above a significant resistance zone of 180-190, and it has successfully retested this level, indicating potential upward momentum.
Redington Ltd recently broke out of an ascending triangle pattern, suggesting a bullish continuation pattern.
A hammer candlestick has formed on the weekly timeframe, indicating potential bullish reversal sentiment among traders.
The stock found support at the 0.382 Fibonacci level, adding further confirmation to the bullish outlook.
Redington Ltd has broken out of a 3-year consolidation phase, signaling a potential shift in long-term trend direction.
The stock has been forming constant higher highs, indicating a consistent uptrend.
Redington Ltd is currently trading above both the 50 and 200 EMA on the weekly timeframe, suggesting sustained bullish momentum.
Increased trading volumes have accompanied the recent price movements, validating the strength of the breakout.
Target - 242 // 288
StopLoss - weekly close below 187
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
SWING IDEA - ENDURANCE TECHNOEndurance Technologies , a prominent player in the auto components industry, is exhibiting technical signals that indicate a potential swing trade setup.
Reasons are listed below :
Break of Flag and Pole Pattern : The stock has broken out of a bullish flag and pole pattern, which is typically a continuation pattern signaling further upward momentum.
50 EMA Support on Daily Timeframe : The stock is holding support above the 50-day exponential moving average (EMA), suggesting that the trend is intact and providing a strong base for potential gains.
Bullish Marubozu on Daily Timeframe : The formation of a bullish marubozu candle on the daily chart indicates strong buying pressure, further confirming the upward movement.
Volume Spike : A noticeable increase in trading volumes signals heightened investor interest and adds credibility to the breakout.
Target - 2820 // 3060
Stoploss - daily close below 2400
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
Dogs Ascending TriangleAfter a long downtrend we have made a good upward movement, DOGS got a bit down again whats normal and makes it healthy. If BTC contineus the growth we might can expect an good uptrend and DOGS might brake through above for who knows a new high.
Lets see and wait.
This is no financial advice, always Do Your Own Reasearch.
XAU/USD: Break Resistance at $2,680 or Correct to $2,645?The analysis of the XAU/USD chart shows that gold is currently priced at $2,658.550, with strong support at $2,645.331. From the chart, it is clear that the upward trend is still being maintained, thanks to the support of the EMA 34 and EMA 89 levels at $2,658 and $2,633.502, respectively.
The key resistance at $2,680.809 is the barrier that the price needs to break through if it is to continue reaching higher levels, with the next target at $2,701
However, if the price fails to maintain its upward momentum and drops below the $2,645.331 support level, a deeper correction may occur.
In the current market context, important economic news from the U.S. and statements from Fed officials will be key factors that could significantly impact gold price movements in the coming days.
MU: Gap, Pause, Run?Someone recently showed me this 'simple strategy' and I've had some success with it. The idea is, a stock gaps up big, like MU did on this chart back in March and again on September 26th. After the gap up you watch for a pause. The pause can be a day, few days, or even a week, doesn't matter. If the stock falls back down and closes the gap (or get's close), the trade idea is over. But if it trades sideways for a bit and then breaks above the high of the initial gap up candle, in this case 114.80 on 9/26, you enter.
Entry: above 114.80
Volume: strong volume
Target: no target, close the trade when price closes below the 5 or 10 Moving Average.
Stop: depends on your risk tolerance; My plan is the low of the gap up candle, in this case 107.53.
This LONG swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not enter a trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
possible cup and handle BOME/USDTwe see on the smaller timefram a possible cup and handle forming. the target is in confluense with a larget timeframe 0.5 . this is a possible setup i made for it. its still a 20% move to the upside. offcourse it could go much higher without a doubt. but this is a possible trade setup.
cheers!
BITCOIN long setup / Bulls or Bears, Tell me in CommentsBINANCE:BTCUSDT
COINBASE:BTCUSD
Hello Traders
💥Long position on BTC
SL1 ---> Low-risk status: 3x-4x Leverage
SL2 ---> Mid-risk status: 5x-8x Leverage
👾The setup is active but expect the uncertain phase as well.
➡️Entry Area:
Yellow zone
⚡️TP:
63,900
64,500
65,300
66,150
67,000
🔴SL:
60,100
🧐The Alternate scenario:
If the price stabilizes below the trigger zone, the setup will be cancelled.
XAU ! 9/27 waiting for 2700 increaseXAU / USD trend forecast September 27, 2024
The US Dollar is struggling to extend Wednesday's recovery due to dovish Fed expectations, which continue to support Gold prices. Although some Fed officials have pushed back against aggressive easing, markets are still anticipating a 50 basis point rate cut in November. Fed Chair Jerome Powell’s speech on Thursday will be closely watched for guidance on future rate cuts and the direction of XAU/USD. Key US data, including Q2 GDP, Jobless Claims, and Durable Goods Orders, along with comments from other FOMC members, may also influence the market.
Based on M30, Uptrend still dominates long-term frames H1, H4
/// BUY XAU : zone 2655-2652
SL: 2647
TP: 50 - 150 - 300 pips (2682)
Safe and profitable trading
Straddle Trade ahead of US reportsToday I've decided to try a different strategy: a straddle trade.
I've created 2 limit orders from the highs and lows of the 24 hour period. For each order, I set the stop loss for 20 pips, and the TP for the next pivot point line (S1 and R1). The idea is that, no matter the results from the reports from the US treasury, we can capitalize from the trade here.
The orders should expire today, so if the market doesn't move as anticipated we can simply back out of the deal before the weekend.
VETUSDT 1:1 Long Setup SettingBINANCE:VETUSDT
COINBASE:VETUSD
SL1 ---> Low-risk status: 3x-4x Leverage
SL2 ---> Mid-risk status: 5x-8x Leverage
👾The setup is active but expect the uncertain phase as well.
➡️Entry Area:
Yellow zone
⚡️TP:
0.02525
0.02551
0.02581
0.02621
🔴SL:
0.02354
🧐The Alternate scenario:
If the price stabilizes below the trigger zone, the setup will be cancelled.
XAU/USD : Percée à $2,680 ou Correction vers $2,650 ?Le graphique XAU/USD révèle une bataille intense alors que le prix de l'or fluctue autour de $2,662.280.
Deux niveaux clés influencent le marché : un solide support à $2,650.230 et une résistance robuste à $2,680.131.
Les boucliers fournis par les EMA 34 à $2,659 et EMA 89 à $2,630.839 jouent un rôle crucial dans le maintien de l'élan haussier de l'or, empêchant des baisses plus profondes.
Cependant, ce que les traders surveillent de près, c'est si le prix peut franchir la résistance à $2,680. Si ce n'est pas le cas, une correction à la baisse pourrait ramener le prix vers la zone de support à $2,650.
Parallèlement, avec un RSI à 49.90, il y a un équilibre entre la pression d'achat et de vente, signalant que le marché est à un tournant crucial.
Les nouvelles économiques des États-Unis et les actions de la Fed seront les principaux catalyseurs susceptibles de bouleverser toute la dynamique du marché.
Alikze »» ORDI | Ascending channel - 1D🔍 Technical analysis: Ascending channel - 1D
- In the analysis presented in the previous post , after reaching the ceiling of the channel, selling pressure was encountered, which led to correction up to the green box area.
- There was a demand in the green box area, which has led to the failure of the supply area and neck line.
- Currently, it has exited the daily medium-term descending channel and is currently moving in a short-term ascending channel.
- It is currently in the supply zone, which can continue its growth with a pullback to the broken structure until the next supply zone.
- Short-term goals are 50, 53, 56, 60 dollars. In case of failure of the 53 dollar area, which is the ceiling area of the ascending channel, it can continue its growth until the supply area equal to the width of the channel.
💎 Alternative scenario: In addition, if it faces selling pressure in the supply range and loses the range of 37.5, it can continue the correction up to the green box range of the bottom of the channel.
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BINANCE:ORDIUSDT
DOGE ANALYSIS🔮 #DOGE Analysis - Breakout 🚀🚀
💲💲 There is a breakout of Falling Wedge Pattern in #DOGE. It's a daily time frame breakout and if the price sustains this breakout then we would see a bullish price movement📈
💸Current Price -- $0.11640
📈Target Price -- $0.17400
⁉️ What to do?
- We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸
#DOGE #Cryptocurrency #Breakout #DYOR
Copper 1D Long – Targeting 0.5-0.6 Fibonacci LevelsCopper is showing signs of a potential bullish move on the daily chart. The setup suggests a possible retracement before a continuation to higher levels. We’re targeting the 0.5 to 0.6 Fibonacci retracement levels, with price targets set between 4.5000 and 4.7000.
Technical Analysis:
• Fibonacci Levels: The 0.5 to 0.6 Fibonacci retracement levels align with previous resistance areas, making them key targets for this move.
• Trendline Breakout: The price has broken through a descending trendline, signaling a potential shift in momentum to the upside.
• Retest Expectation: We might see a retest of the breakout level before the price resumes its upward movement.
Trade Setup:
• Entry: Enter a long position on a potential retest or near the current level, anticipating further upward movement.
• Target: The primary targets are the 4.5000 to 4.7000 range, which aligns with the 0.5-0.6 Fibonacci levels.
• Stop-Loss: Remember, this is a swing trade, so it could take a few days to potentially extend to weeks. It’s important to understand this trading style and adjust your position size accordingly to accommodate the longer timeframe and potential market fluctuations.
This Copper trade leverages a potential shift in trend with clear targets and risk management strategies. Keep an eye on the retest for a better entry, and stay focused on the price action as it develops.
Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
Long ALT/USDT (D1). x3-x5 potentialLong ALT/USDT. TF D1
x3-x5 probably.
Setup specs:
Entry - 0.12 (or current level. But I usually prefer to wait for a retracement and make an entry using limit order).
Tp1 - 0.35
Tp2 - 0.55-0.57
SL - below 0.095 with confirmation on D1
FA:
AltLayer is a blockchain infrastructure project. MC - 300mln. FDV - 1.3bln
Next unlock - in 4 months
Backed by top-tier VC + Binance labs
TA:
- consolidation breakout
- LTF (h4) MAs inverted back to an uptrend after a squeeze
- unusually high volume + green candle
- S/R flip at 0.10 (support retest)
- HH and HL
TH-H4 screen for TA in details: