Alikze => SUI | Reverse head and shoulders patternAccording to the previous analysis, after reaching the final target and after the last attempt to break the resistance, a head and shoulders pattern was formed, whose dynamic trigger and neck line were also broken, which can continue the correction to the first support area after the pullback is completed.
Reverse head and shoulders pattern
🛑Resistance: 1.7580
⛳️Tp 1:1.5625 1.5137
⛳️ Tp2 : 1.4648
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Shortsetup
Sideway, weekend accumulation for Gold⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Meanwhile, yields on US Treasury bonds are increasing on the shorter end of the yield curve, indicating that investors are still doubtful about the possibility of the Federal Reserve reducing interest rates during either the March or May meetings. The most recent minutes from the Federal Open Market Committee (FOMC) emphasized that the US central bank is strongly committed to addressing inflation, despite the fact that there are more potential risks to the economy. Policymakers stressed that they would make decisions regarding monetary policy based on data analysis.
The FOMC Minutes revealed that Fed officials are still cautious about cutting rates prematurely. They stated that it would not be appropriate to lower interest rates until they have "greater confidence" that core inflation will consistently reach 2%. While policymakers acknowledged that the risks associated with achieving their mandates are becoming more balanced, they remain highly focused on inflationary risks, despite the downward economic risks.
⭐️ Personal comments NOVA:
At the end of the week, Gold price supports a sideways trend and accumulates for the next week
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2012 - $2010 SL $2005
TP1: $2016
TP2: $2024
TP3: $2030
Pay attention to the sideway resistance and support areas: $2030 and $2020
🔥SELL GOLD zone: $2038 - $2040 SL $2045
TP1: $2034
TP2: $2028
TP3: $2020
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️ NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
XAU BEARS 🐻 📉Just like I gave my analysis on the xau market yesterday with the expected Retest zones and retracement points, xau has had a zone to zone swing hedging across the market and gradually falling down (bearish) through, we expect a continued sell swing for the rest of this week candle
Lets watch the market hedge through the analysis 👏....
BTC Short-term MovingAs we are right now moving in the consolidation box, we can try to trade short position with a take profit at around 51.200-51.400.
General reasons to open the position:
- Formalizing the sharp angle by BW alligator
- Volume descending
- Price consolidation after fast grow
IMPORTANT! Always follow your trading strategy and follow RM!
JSW INFRA - SHORT TERM & LONG TERM SEEMS GOODCan enter at CMP 224
If falls again you need to average at 200 level
Targets - 245,280+
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Potential Correction in AUDJPY Following Rally Towards High SuppAUDJPY has shown strong performance since early February 2024, experiencing a significant rally from the level of 95.640 to reaching today's high at 99.024. However, this movement has brought the currency pair into the territory of the highest supply level. With this condition, there is potential for AUDJPY to undergo a temporary correction.
Technical Analysis:
On the daily chart, it can be observed that AUDJPY has reached a significant resistance level around 99.024, which is the current highest supply level.
The RSI (Relative Strength Index) indicates overbought conditions, suggesting that this currency pair may have moved too far beyond its short-term fair value.
There is potential for the formation of a bearish reversal pattern such as a double top or shooting star around the current supply level, adding validity to the correction prediction.
Projection:
Taking into consideration the above factors, AUDJPY is likely to undergo a minor correction towards the level of 97.737 in the coming sessions. This could present an opportunity for traders to take short-term profits or to seek entry points for short positions with correction targets. However, it is important to monitor market developments closely and set appropriate stop losses to manage risk effectively.
EURUSD SHORT SET UP FOR 02/22/2024 UK SESSION EURUSD has switched to bullish structure on the 4 hour chart, price is looking to test and break preavious extreme high which have not been tested in several days indicating that there are sellers willing to protect this level, I will be looking to short once the market has made a clear lower high and a lower low on the 5 min time frame, I am also looking for signs of liquidity around the highs before opening a position.
#SAND #SANDUSD #SANDUSDT #Short #ShortSetup #Eddy#SAND #SANDUSD #SANDUSDT #Short #ShortSetup #Eddy
Its my "ARB/USDT" short setup <3
Enjoy Guys ;-)
(("All the relevant areas and explanations on the chart are clear and clear, the trading setups need to get confirmation to enter, if you don't know how to get a trigger and confirm entering into transactions, this analysis is not suitable for you, the above analysis is for professionals. and if you are a beginner, my suggestion is that you don't destroy your capital and first learn technical analysis and basic trading along with psychology and risk and capital management from reputable sources and courses, and then enter the financial markets."))
(("The above analysis and setups and points and areas are combined with most of the combined styles such as price action, supply and demand, RTM, ICT and also with the analysis of important indicators such as Dominance Tether and Bitcoin.
If you are familiar with the mentioned styles and know how to get approval to enter the above styles, use the above analysis.
This is not an investment proposal and only my opinion, please act based on your experience and decisions."))
Related Bitcoin Analysis : (( BTC/USD )) : Check Link :
XAUUSD 100% CONFIRM ANALYSISDiscover an enticing Selling opportunity in GOLD as it undergoes a critical retest of a key resistance area. With market analysis, technical indicators, and price action as your allies, evaluate the potential downside move. Stay vigilant and informed to capitalize on this precious metal's market dynamics.
META - Interesting price action repeating itselfWe could see a failure to reach new highs and all this left shoulder liquidity can be used to push us below (or at least retest) the key 453 level. From there, we have a massive gap to fill to the low $400. Prior to any short entries, however, I will for a retest of the top of our teal selling channel which will form our right shoulder - and with a lack of buying volume needed to break us out, I will look to enter a short position.
EUR/ JPY !! 20/2/2024 Resistance zone, SELL NOW⭐️ Smart investment, Strong finance
⭐️ Personal comments NOVA:
Strong resistance zone at 161,900, no important economic data today, correction DOWN
⭐️ SET UP EUR/ JPY PRICE:
🔥SELL zone: 161.870 - 162.070 SL 162.370
TP1: 161.570
TP2: 161.270
TP3: 160.870
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️ NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
Still recovering momentum from Gold !! ⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
The price of gold (XAU/USD) remains above $2,000 during the early Asian session on Monday. Economic data from the US indicates that inflation is higher than expected, leading financial markets to revise their expectations about the Federal Reserve (Fed) cutting interest rates in June. Currently, the gold price is trading at $2,014, reflecting a 0.12% gain for the day.
In January, the Producer Price Index (PPI) for final demand increased by 0.3% compared to a 0.1% decline in December. This marks the largest increase since August 2023. On a yearly basis, the PPI figure rose by 0.9% compared to a 1.0% increase in the previous reading. In contrast, US Housing Starts experienced a significant decline of -14.8% from 1.562M to 1.331M, while Building Permits slumped by -1.5%.
⭐️ Personal comments NOVA:
Still recovering, increasing price from Gold, approaching $2020 area, expecting the next DOWN trend
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $1985 - $1987 SL $1980
TP1: $1992
TP2: $2000
TP3: $2010
Pay attention to the $2010 support zone
🔥SELL GOLD zone: $2028 - $2030 SL $2035
TP1: $2020
TP2: $2010
TP3: $2000
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️ NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
Silver, shortA bit speculative, but betting on previous high taken which means stops were taken out and now we can have a move to the opposite side of the range. Also, notice the small gap that was formed. Some additional sign of strength for a short.
Also an AB=CD bearing. On the daily chart, the EMAs are quite flat.
This is an asymmetric risk to reward trade, not a high-probability hitter.
XAUUSD 100% CONFIRM ANALYSISDiscover an enticing Selling opportunity in GOLD as it undergoes a critical retest of a key resistance area. With market analysis, technical indicators, and price action as your allies, evaluate the potential downside move. Stay vigilant and informed to capitalize on this precious metal's market dynamics.
Matic is forming a Harmonic Pattern.Polygon (Matic) is trying to form a harmonic pattern known as "three drives pattern" .
You can trade it by opening a long position first. Then set a %2 stop loss and short it.
For target points, check the chart please.
EUR/ NZD !! Trendline DOWN !! SELL now ⭐️ Smart investment, Strong finance
⭐️ Personal comments NOVA:
The price range is following a DOWN trend, touching the trendline along with the resistance area, suitable for a SELL signal
⭐️ SET UP PRICE:
🔥SELL EUR/ NZD zone: 1.76630 - 1.76800 SL 1.77130
TP1: 1.76330
TP2: 1.76000
TP3: 1/75700
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️ NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
Continue the DOWN trend next week !! XAU ✍️ NOVA hello everyone, Let's comment on gold price next week from 19/2 - 23/2/2024
🔥 World situation:
In the meantime, there were updates from Federal Reserve officials, specifically Atlanta's Fed President Raphael Bostic and San Francisco Fed President Mary Daly. Bostic emphasized the need for patience and predicted that there could be two rate cuts in the summer if the data supports it. Daly acknowledged that there is work to be done and cautioned against acting hastily when patience is required, instead advocating for agility in response to the evolving economy.
Both officials recognized that inflation is trending downward but remain cautious about the timing of implementing policy easing.
Considering the underlying factors, the price of Gold would be influenced by the outlook of the US economy. An increase in inflation could lead to a rise in US Treasury bond yields, resulting in further downside for XAU/USD. On the other hand, if inflation continues to align with the Fed's 2% target, this could create an opportunity for rate cuts, which would impact the appeal of the Greenback. Consequently, the upside potential for XAU/USD is anticipated.
🔥 Identify:
The slight recovery this week has helped Gold prices return to above $2010. But still within the bearish trendline. Selling pressure next week will continue to weigh on Gold prices
🔥 Technically:
Based on the resistance and support areas of the gold price according to the H4 frame, NOVA identifies the important key areas as follows:
Resistance: $2037, $2053
Support : $1987, $1974
🔥 NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
$PYPL Short Idea We see the NASDAQ:PYPL has gapped down after earnings and breaking our upward trendline. It is currently retesting that trendline as resistance and if rejected this name can be taken short under $55.
Its also notable to mention that the moving averages have crossed signaling downward momentum.