GOLD (XAUUSD): Multiple Time Frame Analysis & Trading Plan
Daily/4h time frames analysis on Gold.
Price action and important key levels.
Potential scenarios.
Trading recommendations.
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Rectangle
CRUDE OIL (WTI): Your Trading Plan For Next Week
WTI Crude Oil is trading in a bearish trend on a daily.
For the entire month of May, the market is consolidating within a horizontal range.
I believe that a bearish trend will continue after a violation of the support of the range.
I am waiting for its breakout to sell the market.
A daily candle close below 75.5 will confirm a violation.
A bearish wave will be anticipated at least to 72.5 level then.
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USD/CAD (dollar-canada): as textbook as it getsObserving the Monthly-timeframe movement on USD/CAD, it could be inferred that the price has rejected the upper barrier of the rectangular range as mapped on the graph and formulated a new top. From here, in the upcoming long run, we are anticipating for the price to keep declining and, eventually, reach the lower boundary of the channel as indicated on the graph.
USOIL - NEW BREAKOUT !
After a huge bearish move (double top pattern)
The USOIL reached the support level (77.98 - 76.82) and failed to break it!
The price formed a rectangle pattern.
Currently, The resistance level and line are broken.
So, I expect a bullish move📈
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TARGET: 83.20🎯
USDJPY: Important Bullish Confirmation 🇺🇸🇯🇵
Update for USDJPY.
The pair perfectly violated a resistance line of a horizontal range on a 4H time frame,
after a retest of a key daily support.
I think that the pair will keep growing today.
Next goal - 157.5
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USDJPY: Your Trading Plan For This Week 🇺🇸🇯🇵
USDJPY broke and closed above a key horizontal daily resistance last week.
After a breakout, the market retested a broken structure and started to consolidate.
I see a horizontal trading range on a 4h time frame.
To buy the market with a confirmation,
I am looking for a bullish breakout - a candle close above the resistance of the range.
It will give me a strong intraday signal.
A bullish continuation will be expected at least to 157.5 level then.
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📉Think Outside the Box BTC!📈BINANCE:BTCUSDT
COINBASE:BTCUSD
Hello Dear Traders.
🔴The market has reached the end of its suffering range and our team's holiday break is nearing its end.
⚡️ In this post I will track the BTCUSDT movements as long as it stays inside the Box.
🔴The past few weeks, the pressure of market volatility was very high and we needed a break.
We will review the market again from today.
Please share the analysis posts to support and give us energy.
EURJPY: Bullish Outlook Explained 🇪🇺🇯🇵
This week, EURJPY broke and closed above a key daily structure resistance.
After a breakout, the broken structure turned into support and was retested.
Retesting that, the market started to consolidate within a horizontal range
on a 4h time frame.
A bullish violation of the resistance of that range is an important
intraday bullish confirmation and sign of strength of the buyers.
I think that growth will continue next week at least to 171.0 level.
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Bullish LSPD, BreakoutLSPD has a breakout from a rectangular pattern, the SP was consolidating for the last 3 month, now it's time to go up, I have set on the chart my stop loss at 13, 20 usd and short term target of 17 usd
EURCADWe can attempt to buy EURCAD from specified level as it is trading in bullish rectangle pattern (continuation pattern ) and it gives breakout , also there is no bearish divergence indicate that it moves upward.
BIST:AGESA/USD breakout monthly rectangleBIST:AGESA/USD breaking out monthly rectangle for a possible 60% target
Qinetiq breaks out after 4 yearsBreaking out of rectangle patter formed since Feb 20 should mean an upside target of 648.
Good results & defence industry make it more resilient in the face of other factors affecting the economy (e.g. election and recession).
Do your own research and this is not a recommendation to trade in this stock.
USDCHF: Important Breakout 🇺🇸🇨🇭
Today's FOMC is clearly bullish for USDCHF.
The price broke and closed above a resistance line
of a wide accumulation range on a daily time frame.
It opens a potential for a further bullish continuation now.
Next resistance - 0.919
I suggest waiting for a pullback before you buy.
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SBIN Trading in a range of 5%. Nothing much happened in this counter during the Banknifty fall.
If Banknifty moves up from here then it should give good returns.
Very clear horizontal boundary.
good support at 812. once broken we can see 790-800.
However, if we move up from here then there is a very high chance 836 will be broken and stocks will reach new highs.
DOW JONES INDEX (US30): Waiting for FOMC
Do not forget, traders, that tomorrow we are expecting FOMC.
Ahead of these fundamentals, US30 started to consolidate
within a narrow intraday range on a 4H time frame.
I will wait for its bullish breakout for a strong bullish confirmation.
4H candle close above that will confirm the violation.
A bullish continuation will be expected then.
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NZDUSD: Intraday Bearish Movement 🇳🇿🇺🇸
NZDUSD nicely respected a resistance line of a narrow
horizontal intraday range.
I think that the pair may drop to the support of the range today.
Goal - 0.61
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Channel pattern on CARERATINGCARERATING is trading within a rectangular pattern or channel. I was supposed to post this one last night and didn't realize today was a trading day at NSE. Entry could be at the bottom of channel and exit at the top end of channel. Could be an easy 7 to 8% profitable trade if done rite. Stop loss can be kept at either end of the channel depending on what direction you take.
Hope you liked this idea, if so please boost this idea so others could benefit or leave a comment on what you think. I'll be glad to hear from you. Otherwise happy trading :-)
EURNZD: Clear Bearish Outlook 🇪🇺🇳🇿
EURNZD has a very nice potential to drop lower.
After a consolidation within a narrow range,
the price violated a solid horizontal support cluster on a daily.
The next support that I see is 1.771
It can be the next goal for the sellers.
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DELL - Starting to Eat SMCI Lunch?DELL has been doing well recently.
Global PC sales are expected to be going up after years of decline. Next Gen PCs will be different to the ones we currently own as they would have AI incorporated in them.
This would be good tailwind for Dell PC business.
The area where DELL is putting most of their attention is in Data Servers. They have partnership with Nvidia and reported going numbers in orders for AI optimised servers.
At this moment, it seems like DELL is starting to eat SMCI lunch, at least in terms of relative outperformance.
We are starting to break out of this 2 month base.
Stops around 129 and I started an initial position yesterday on support of 10 EMA. Will be looking for areas to add today, would be good to come down and retest the previous high at 136.
DJT - Range bound for nowDJT has had some wild swings lately. Impressively DJT pushed deep into overbought territory on the longer duration weekly timeframe. The company is sitting on under $400K of cash and carries a debt load of nearly $6.8M!
From a technical standpoint how can we take a view of where the price might go next? With all the noise the monthly timeframe is where I think we start to get a clear view for now. It looks like price could be settling into a range, momentum cooling for a while.
Folks thinking about shorting the company may want to wait until the price gets back towards the top of the range, and consult the momentum when that happens. Otherwise, I'd be patient and let this thing settle into something recognizable.
AUDUSD - Getting Ready For BreakoutAussie wage data was not great but China flows have been helping Aussie lately.
RBA stuck with the same rhetoric.
If we get soft CPI data, expecting massive USD sell off tonight.
My target would be 0.673 over the coming days or by next week where we have the descending trendline from monthly time frame, shaded area.
AU10Y vs US10Y isn't inspiring confidence now but obviously that would change with CPI data tonight.
Stops would be lows of today around 0.662.
DJT - Meme Season is Here :DDJT has some crazy short float percentage. Currently around 193%.
Let me be clear, the fundamentals of this company are just simply bad.
This is not for the faint hearted and this idea is pure gamble and sentiment play.
Looks like we have entered meme season and election is coming up. Trump supporters might be ready to buy this hand over fist and everyone likes a good short squeeze!
GME and AMC are up like 50% in pre market and DJT is meandering around this short term rectangle.
I will be monitoring the 55 area and willing to put in a small size with stops below 50.
