EURGBP Eyes Further Downside Below 0.8260Hello,
OANDA:EURGBP is nearing its previous 1-year low at 0.826005. If the price breaks and stays below this level, further downside is likely. More downward movement is expected before any potential upward reversal, with a possible target around 0.820688.
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Pivot Points
EURCHF Bears Likely to Test 1-Year Low Before ReversalHello,
OANDA:EURCHF is likely to continue its bearish trend, potentially revisiting the previous 1-year low at 0.92042. While sellers currently have control, some long-term investors are viewing this level as an attractive entry point for a long position. However, further downside is expected before any upward movement at this stage.
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WTI: Retest Lows, Bullish Above Key LevelHello,
BLACKBULL:WTI is likely to experience further downside and retest previous lows before any potential upward movement. For long-term bullish confirmation, a strong cross and sustained movement above this level will be necessary. The support test is expected to occur within the range of 67.57–62.72.
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XRPUSD on the Rise: Positioning for Profits with X1X2 AnalysisXRPUSD is currently positioned for a bullish breakout, and I’m excited to share my analysis using the X1X2 methodology to capture potential long opportunities.
In my approach, I will leverage probabilities to strategically get positioned for long entries.
Key Fundamentals Supporting the Bullish Bias
Several fundamental factors are contributing to this bullish outlook:
- Legal Clarity: Recent developments in regulatory clarity surrounding cryptocurrencies are fostering a more favorable environment for XRP, which is crucial as it aims to expand its use case in cross-border payments.
- Increased Adoption: There’s growing interest from institutional investors and partnerships that enhance XRP's utility within the financial ecosystem.
- Market Sentiment: The overall market is experiencing a resurgence, with Bitcoin's recent price action influencing altcoins positively, including XRP.
With the combination of technical analysis and supportive fundamentals, there’s a compelling case for entering long positions.
Let’s stay informed and ready to capitalize on the opportunities ahead!
Feel free to share your thoughts or questions below!
1M:
2W:
4H:
P.S. If you have any questions about how I trade probabilities with the overall market direction, feel free to reach out.
Brent Outlook: Key Levels for Downside or Bullish ReversalHello,
BLACKBULL:BRENT is likely to face more downside if the 1D PP acts as resistance again. In that case, the price may revisit previous lows at 70.754 and 68.675. A break and sustained move below these levels will confirm further downside. However, a break and hold above the 1M PP could signal a bullish reversal and open the door to further upside.
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GER30 Eyes 20,127: Bullish or Bearish Ahead?Hello,
FX:GER30 is showing bullish momentum, with potential upside toward the 20,127.027 level. However, from that point, a bearish reversal could emerge. If the 20,127.027 resistance level instead holds as support, further upside could be possible.
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UK100 Poised for Support Tests Before ReboundHello,
CAPITALCOM:UK100 is likely to face a downside move before resuming its upward trajectory, as the price appears to be positioning itself for support tests before continuing higher.
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AUS200: Downturn to 8226, Rebound to 8700 ExpectedHello,
PEPPERSTONE:AUS200 is expected to experience a short-term downturn, potentially testing the monthly support level at 8226.122. A rebound to an upside target around 8700.838 is anticipated afterward.
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FRA40 Poised for Upside Above 1Y Pivot!Hello,
PEPPERSTONE:FRA40 has strong potential for further upside. For this to materialize, the price needs to remain above the 1-year pivot point (1Y PP) and establish it as a solid support level. If this holds steady, an upward trend is likely to follow!
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US30 Holds Strong, Sellers Move InHello,
BLACKBULL:US30 is likely to see further upside for now. The first indication of a potential downturn would be if the 1D pivot point starts acting as resistance. At the moment, however, there are no clear signs of bearish momentum taking hold. That said, sellers are currently entering the market in significant numbers.
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Gold CFDs: Strategic Buy and Sell InsightsAlexGoldHunter FXOPEN:XAUUSD Technical Analysis and Strategy for CFDs on Gold (USD/OZ)
Technical Analysis:
Price Action and Trend Lines:
The chart shows a downtrend with lower highs and lower lows, suggesting bearish momentum.
The price is currently around $2,635.779, showing a slight decrease of 0.651 (0.02%).
Support and Resistance Levels:
Resistance Levels: $2,659.460, $2,655.641, $2,655.604, $2,647.680.
Support Levels: $2,622.765.
Volume Profile:
High trading activity around $2,650.000 suggests strong support/resistance at this level.
Indicators:
RSI (Relative Strength Index): 37.87, indicating approaching oversold conditions.
MACD (Moving Average Convergence Divergence): The MACD line is below the signal line, with a bearish crossover and both lines trending downward.
BOS (Break of Structure): Multiple annotations indicating significant price movements breaking previous support or resistance levels.
FVG (Fair Value Gap): Areas where the price moved rapidly, leaving gaps that might be filled later.
ChoCH (Change of Character): Indicates potential reversal points.
Buy Strategy with Confirmations
Entry Point:
Look for a reversal signal around the support level at $2,622.765.
Confirmations:
RSI below 30, indicating oversold conditions.
Bullish candlestick pattern (e.g., hammer, bullish engulfing) near the support level.
MACD bullish crossover (MACD line crossing above the signal line).
Volume increase on bullish candles.
Stop Loss:
Place a stop loss slightly below the support level at $2,622.765.
Take Profit:
Set initial take profit at the nearest resistance level, $2,647.680, and adjust based on price action.
Sell Strategy with Confirmations
Entry Point:
Look for a continuation of the downtrend after a pullback to resistance levels around $2,647.680 or $2,655.604.
Confirmations:
RSI above 70, indicating overbought conditions.
Bearish candlestick pattern (e.g., shooting star, bearish engulfing) near the resistance level.
MACD bearish crossover (MACD line crossing below the signal line).
Volume increase on bearish candles.
Stop Loss:
Place a stop loss slightly above the resistance level at $2,655.604.
Take Profit:
Set initial take profit at the nearest support level, $2,622.765, and adjust based on price action.
This analysis provides a comprehensive view of the current market conditions and potential trading strategies based on technical indicators and key levels. If you have any further questions or need additional analysis, feel free to ask! 😊
Arweave ($AR) Reversal in Play: Eyeing $60!BINANCE:ARUSDT (Arweave) is showing signs of a potential reversal after the week of November 4th. While I’m a bit late to the entry, I’m watching for an optimal entry point to capitalize on potential upside.
Strategy:
Entry Point: Looking to enter below $22
Confirmation: I plan to buy on a weekly close above $23.4. This would confirm the reversal and suggest stronger upward momentum.
Target Price: Aiming for $60 in the medium-to-long term, should the bullish momentum continue.
BTC Secondary Trend. Gann trend fan 2024-2026. TriangleLogarithm. Time frame is 3 days.
Nothing new, everything is the same as previously shown in 2022 (the main trend), targets, logic and so on.
Major trend .
BTC/USD Secondary Trend Cycles and Halvin g 1 07 2022
In the present ideas, at the moment now clearly showed this triangle in the range of dynamic support/resistance of the Gann fan (that is, the development of the uptrend phase participation to distribution).
Vertical lines. The site does not display vertical dates if for a long period, Before publication the dates (time zones) are displayed on the chart, after publication they are not. These are the times of trend reversal zones.
Local trend and this reversal zone.
BTC/USD Triangle. Medium term and local work 07 06 2024
BTC monthly Camarilla PivotsWith a new month comes new levels and while we are in a bullish structure it is good to exercise caution here. We opened up in the middle of the L3 and H3. These are the areas where generally bitcoin will reject of or bounce from. So waitng to react at one of these levels might be a safer course of action as it is not always clear which one will come first in instances like this. I would be interested in seeing a test and bounce from L3 and Central pivot around L3. This is the most reasonable pullback area. I included macro breakout levels although with how wide our ranges are as they are based on previous months price action I think it unlikely they will get exceeded this month
USDCAD Buying IdeaHello Traders
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GBPCAD is ready For a Long BuyHello Traders
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GBPUSD is in the Buying Direction after Testing SupportHello Traders
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GBPCAD is ready For a BuyHello Traders
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GBPJPY is in the Down TrendHello Traders
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GBPNZD is in Selling Direction Hello Traders
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AUDUSD Long Term Selling Trading IdeaHello Traders
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