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NZSDUSD Bottom of the 1-year Rectangle. Strong buy.The NZDUSD pair gave us a solid sell signal on our last idea (September 04, see chart below) as it respected the 1-year Rectangle pattern, stayed within its Resistance and Support levels and easily hit our 0.6000 Target: The price hit yesterday the top of the 1-year Support Zone (0.58500) and is reacting today positively with the first green 1D candle in 6 days. The 1D RSI has double bottomed on the 30.00 oversold barrier as on April 14, so we have a strong case for going long with huge reward and limited risk. Notice how we are about to form a 1D Death Cross and the last two such patterns coincided with the bottoms on the Support Zone. As a result, we are now long, targeting 0.6200, which is considerably below the 0.786 Fibonacci retracement, the level that all previous Bullish Legs hit. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
GBPUSD Start thinking of buying. Will find support soon.The GBPUSD pair couldn't have given us a better sell signal last time we looked into it (October 09, see chart below) as it broke first below the 1D MA50 (blue trend-line) then the Bullish Megaphone and is very close to our 1.2550 Target: We are approaching the stage where selling becomes far riskier than buying as the pair is approaching the 0.786 Fibonacci retracement level, which on the September - October 2023 fractal (that has been the basis of our previous sell strategy), formed the bottom and initiated a Channel Up to the (orange) 0.618 Fib. Even the 1D MACD indicates that we are probably a few days before this bottom is formed and will be confirmed with a Bullish Cross. As a result, we are prepared to take this long and target 1.3100 (the 0.618 Fib). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
BITCOIN Riding the 1DMA50 wave is the best strategy you can haveBitcoin (BTCUSD) has had an enormous bullish break-out to new All Time Highs (ATH) following last week's U.S. elections. The past 2 days have seen this massive rally turn sideways and as always a certain part of market participants have started calling for big corrections or even bear markets. Once again we will let simple charting show why this sideways price action is nothing but a short-term and mostly necessary consolidation. ** November 2020 vs November 2024 ** This analysis is a comparison of BTC's October 2020 - April 2021 rally with October 2024 - today. We've made idea regarding those time periods in the past but this time we bring a more aggressive picture on the 1D time-frame. As you can see, on both fractals the 1D RSI started with a Channel Up while the price was still trading sideways/ consolidating within the 1W MA50 (red trend-line) and the Resistance level. That was the first sign of the upcoming Parabolic Rally, which was confirmed after the price broke above the Resistance. BTC formed a Channel Up itself and right now we are on the November Bullish Leg and its consolidation phase (circle) that has been evident on both fractals. The 2020 - 2021 rally lasted for 164 days after November 01 and rose by +395%. ** The key role of the 1D MA50 ** Even if these time and price lengths aren't replicated, the key here for traders and investors alike is this: From October 09 2020 up until April 18 2021, BTC neve closed a 1D candle below its 1D MA50 (blue trend-line). It was the 1D MA50 that fully supported this 6-month rally, giving excellent buy entries for those seeking dip buying opportunities or those who simply wanted to hold onto their BTCs for as high as possible. ** Just ride the wave ** As a result, a viable and confirmed strategy at this stage of the Cycle (if you don't want to trade the volatility and buy low/ sell why) could be to just sell when finally a 1D candle closes below the 1D MA50. This is what we effectively call 'riding the 1D MA50 wave'. So what do you think? Are you prepared to hold until the 1D MA50 breaks, are you willing to buy every time the price gets close to it, or simply have a different strategy at this starge? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
10
EUR/USD : First Long, then SHORT! (READ THE CAPTION)Analyzing the #EURUSD chart in the daily timeframe, we can observe that the price is currently trading around the demand zone of 1.056. having declined over 500 pips from previous highs. This decline has brought the price into a significant demand zone between 1.0520 and 1.0580, where we anticipate a potential bullish reaction. If the price manages to hold above this level, we can anticipate a short-term upward move. However, the overall trend remains bearish unless proven otherwise! Fundamentally, the euro has been under pressure due to concerns over potential U.S. tariff hikes following Donald Trump's election victory, which could negatively impact the eurozone economy. Historically, the euro has fallen below the $1 mark twice, including for a few months in 2022 amidst rising U.S. interest rates and the energy price surge from the Ukraine war. A weak euro could raise import costs, potentially spiking inflation, though recent trends suggest inflation may not be a major concern. On the flip side, euro depreciation benefits exporters, particularly in Germany. In summary, while the EUR/USD is currently in a bearish trend, the proximity to a significant demand zone and oversold technical indicators suggest a potential short-term upward correction. However, the overall trend remains bearish unless a sustained move above key resistance levels occurs. THE MAIN ANALYSIS : Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
by ArmanShabanTrading
7
Alikze »» BEL | Ascending channel - 1D🔍 Technical analysis: Ascending channel - 1D - BINANCE:BELUSDT It is moving in an ascending channel in the daily time frame. - After hitting the ceiling of the channel, a correction has been encountered, which is met with demand in the OB area and an upward wave has formed. - Currently, it can face the demand again and touch the specified targets by returning to the bottom of the channel and the green box area. 💹 Support zone: 0.48 - 0.39 🏹 Goals: 0.78 - 0.87 - 1.07 - 068 ⚠️ In addition, if the 0.39 area breaks and is below the stabilization range, it can continue the correction process.⚠️ »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»«««
Long
by alikze
Lingrid | GOLD Breakout - PULLBACK - Continuation The price perfectly fulfilled my last idea. It hit the target level. OANDA:XAUUSD is currently showing signs of slowing down after breaking and closing below the strong support level of 2600. This suggests that a pullback may occur following the breakout. The price is clearly respecting the downward trendline, further affirming the bearish momentum. Additionally, XAUUSD has broken below the previous support level, which has now turned into a resistance zone. If the price retests this level, it could present a viable shorting opportunity. With upcoming high-impact news likely to introduce volatility into the market, I anticipate a pullback followed by a continuation of the downward trend. My goal is support zone around 2500 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
OANDA:XAUUSDShort
by Lingrid
9
Lingrid | GBPNZD in CONSOLIDATION zoneFX:GBPNZD is currently ranging after a downward move, establishing a zone with defined resistance and support levels. The market is creating higher lows and lower highs, indicating it is moving sideways. Currently, the price is trending upward toward the channel following a false breakout of the support level. I anticipate a potential fake breakout of the previous resistance and the channel boundary. If the price rejects this zone by forming a rejection candle, such as a long-tailed bar, we can consider shorting the market. My goal is the support zone around 2.15170 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Short
by Lingrid
3
Lingrid | TONUSDT Choppiness After the SURGEThe price perfectly fulfilled my last idea. It hit the tapped the target zone. OKX:TONUSDT is currently moving sideways after breaking through the downward trendline. The price is fluctuating back and forth, indicating choppiness in the market. Additionally, the price action suggests that the price is being squeezed, which will likely lead to a breakout. Unlike other layer-1 blockchains, TON hasn't shown significant bullish movement, suggesting that there is still anticipation surrounding the resolution of issues with Durov. Nonetheless, I expect the price to remain above the psychological level of 5.00. If it pulls back to take liquidity below the support and subsequently rejects that level, we can anticipate a bullish move toward the ATH. My goal is resistance zone around 5.730 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Long
by Lingrid
1
Trading minute impulseOn the minute timeframe of XAUUSD at the moment we have the completion of the impulse formation. If the price continues to move in the direction of the impulse and the support zones do not allow it to overcome the base of the impulse, it may reach the targets 1 and 2. If the price fails to advance in the direction of the momentum and overcomes the support zone at the base of the momentum, it is very likely that the price will move sideways or against the direction of the momentum.
FXOPEN:XAUUSDLong
by syomking76418
GOLD recovered slightly with main bearish outlookWhen the US Dollar index TVC:DXY rose to its highest level this year, which has reduced the investment appeal of OANDA:XAUUSD fell again and gold prices plummeted to a 2-month low. Federal Reserve Chairman Jerome Powell recently suggested that there may not be any interest rate cuts in December. According to data released by the US Bureau of Labor Statistics on Thursday, the US producer price index (PPI) in October increased 2.4% year-on-year, higher than the increase of 2.0%. 3% expected and higher than the 1.9% increase in September. Core PPI, which typically influences the core personal consumption expenditures price index (PCE), rose 3.1% year-on-year, up from 2.9% previously and above expectations of 3%. Additionally, Thursday's data also showed the number of Americans filing initial unemployment claims fell to its lowest level since May last week, suggesting labor demand remains solid after the storms. and recent strikes. The U.S. Department of Labor reported that the number of Americans filing initial unemployment claims fell by 4,000 to 217,000 in the week ended November 9, compared with a median forecast of 220,000. Gold prices have fallen for five consecutive days and this week's drop could exceed 4%, which is expected to be the biggest weekly drop since June 2021. Powell's hawkish comments signal a "major shift" in the Fed's outlook for rate cuts Federal Reserve Chairman Jerome Powell said on Thursday that the central bank does not need to "rush" to lower interest rates due to the strength of the US economy and that the central bank will "watch carefully" to ensure that certain measures of inflation remain at acceptable levels. “The economy is not sending any signals that we need to rush to cut interest rates,” Powell said in a speech to business leaders in Dallas. The strength of the economy we are seeing now allows us to make prudent decisions.” In an upbeat assessment of the current situation, Powell said domestic economic growth in the US is “so far better than in other major economies around the world”. Powell reiterated that the Fed's path to adjusting interest rates will depend on upcoming data and developments in the economic outlook. On Asian markets on Friday (November 15), spot gold maintained a recovery trend during the day and gold prices are currently at around 2,570 USD/ounce. Today, the US Census Bureau will release retail sales data for October, which is expected to cause significant volatility in the gold market over the weekend. Surveys show U.S. retail sales are expected to rise 0.3% monthly in October, after rising 0.4% in September. US retail sales data is known as "big data" because it typically has a larger impact on financial markets, potentially influencing the trend of assets such as the US dollar and gold. If US retail sales data is stronger than expected, the US Dollar could strengthen, thus continuing to pressure gold. On the other hand, the weaker-than-expected retail sales report will stimulate gold prices to recover further after the recent long series of declines. Analysis of technical prospects for OANDA:XAUUSD On the daily chart, gold recovered without reaching the horizontal support level of 2,528 USD. Note to readers in yesterday's edition. Although gold has recovered to return to above 2,548 USD, in general its short-term trend is still inclined to the downside with the price channel as the short-term trend. In addition, the technical recovery prospect is also encountering some resistance from the lower edge of the price channel, the resistance level of 2,588 USD and the 0.786% Fibonacci retracement level. On the other hand, the Relative Strength Index has not yet reached support from the selling area, so there may still be room for a decline in momentum ahead. The main trend of gold in the short and medium term is still downtrend, the recoveries are only considered short-term adjustments and the notable points will be listed as follows. Support: 2,550 – 2,548USD Resistance: 2,581 – 2,588 – 2,600USD SELL XAUUSD PRICE 2621 - 2619⚡️ ↠↠ Stoploss 2625 →Take Profit 1 2614 ↨ →Take Profit 2 2609 BUY XAUUSD PRICE 2519 - 2521⚡️ ↠↠ Stoploss 2515 →Take Profit 1 2526 ↨ →Take Profit 2 2531
OANDA:XAUUSDShort
by Xayah_trading