XAUUSD / BREAKOUT THE SUPPORT TRENDLINE / 4HXAUUSD / 4H TIME FRAME
HELLO TRADERS
Target Achievement , The analysis mentions a prior target of +430 pip profit, with the price currently yielding a 1.58% rate. This suggests that an expected price decline has already occurred and reached a specific profit target.
Demand Zones , The current demand zone is between $2,659 and $2,649. If prices stabilize above or within this range, there may be an opportunity for prices to rebound and move towards a higher range , If prices break below this demand zone, a further decline is anticipated toward a lower demand zone between $2,618 and $2,604.
Supply Zones , If prices rise, the target supply zone is set between $2,687 and $2,710.
For an uptrend to be confirmed, prices would need to break and stabilize above this supply zone, indicating potential for further upward movement.
Overall Trend , Despite potential rebounds within the specified zones, the asset is noted as trading “under downward pressure,” suggesting an overall bearish outlook unless key supply or demand zones are broken in favor of a trend reversal.
Supply_and_demand
US30 / TRADING INSIDE ASCENDING CHANNEL / 4HUS30 / 4H TIME FRAME
HELLO TRADERS
Current Price Trends:
Following Trump’s win, the US30 index rose by 4.90% , The index is now testing historical peak levels around 44,045, with a potential to reach 44,532 if the upward trend holds.
Technical Levels and Price Action:
The analysis suggests that if prices stay below a certain “ascending channel line,” it could indicate weakness, possibly leading to a decline , The first potential downside target is a “Fair Value Gap” (FVG) between 43,381 and 42,984 , If prices break this zone, further declines could target another FVG range between 42,716 and 42,335.
Trend Confirmation:
If the price remains below the second FVG zone, it might confirm a downtrend , Conversely, if it stays above these levels, it suggests potential for a continued increase.
DXY DirectionAs long as I see clear Bullish STR on the 4H and the buyers still in control, I would like to keep selling the other symbols against the Dollar (GBPUSD/EURUSD etc'...).
As I see it, we were in a range between supply and demand (marked as trendlines) and now we are pushing into supply zone (?Let's see if it hold?).
From this point there are two scenarios for me:
1. Supply is holding and DXY will drop towards 101-102
2. Buyers will go over the sellers and keep pushing higher, to 110 zone.
*That's only my personal opinion and not any advice to take action.
And as we all know... we can't predict anything and things can change// Trade safe.
Alikze »» ETH | Ascending channel🔍 Technical analysis: Ascending channel and corner alcove formation in the green support box area
- Continuing the analysis of the previous post , the Ethereum currency faced selling pressure after reaching the daily and weekly supply range.
- After the formation of a Double Top pattern, it has had a zigzag correction to the green box range.
- It is currently moving in an ascending channel, where the recent correction has intersected with the bottom of the channel and the green box.
- Therefore, I expect it to grow up to Fibo 0.78 and the dynamic trigger after the swing breaks and creates a higher LH.
- In addition, a corner pattern with higher bottoms of the ascending channel is also formed.
💎 Alternative scenario: If it fails to break the swing and does not stabilize above it, and also sharply corrects towards the green box, it is most likely that it will break it and continue correcting towards the Buyer Zone.
💎 Probable scenario: Currently, the probable scenario is the bullish scenario according to the bullish channel and also the corner pattern pattern. Therefore, after reaching the goal, the dynamic update will be done again.
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BINANCE:ETHUSDT
NAS100USD / UNDER FOMC PRESSURE / 4H NAS100USD / 4H TIME FRAME
HELLO TRADERS
Recent Price Movement ,The price has reached a new historical level, breaking past the last all-time high (ATH) of 20,788.
Current Target , Prices are trying to approach 21,125. As long as there’s upward pressure, there’s potential for growth.
Potential Retest of Support , Before continuing to increase, prices might retest an old supply zone between 20,788 and 20,662. This area serves as a potential support level, and if the price remains above it, there’s a higher chance for further increases.
Upside Target , If prices stabilize above this support zone, there’s a chance of reaching a new ATH around 21,125. If it breaks this level, the next historical zone lies between 21,200 and 21,350.
Downside Risk, If prices fall below the old supply zone, it could indicate a decline, with a potential target of the Fair Value Gap (FVG) between 20,482 and 20,335. This level represents a potential lower support area if the price trend reverses.
XAUUSD / TEST TO SUPPLY ZONE BEFORE DECLINE / 4HXAUUSD / 4H TIME FRAME
HELLO TRADERS
The asset is aiming to reach a supply zone between $2,747 and $2,732, This zone represents an area where selling pressure is expected, potentially capping upward movement.
Prices are under downward pressure, especially after the news about Trump’s election, which has impacted the market sentiment.
As long as the price stays below or within this supply zone, the expectation is for further declines , If prices stabilize below the current supply zone, they are expected to move down towards a demand zone between $2,657 and $2,638.
For a confirmed downtrend, the asset would need to stay below this demand zone, potentially pushing prices lower toward the next zone between $2,618 and $2,605 , If prices break through the upper boundary of the supply zone ($2,747), there may be an upward move toward a higher supply zone between $2,773 and $2,790, suggesting a possible trend reversal or upward correction.
AUD/CAD Sell Strategy: Testing Resistance with Downside Targe
Trade Setup: AUD/CAD is currently selling at 0.9266, targeting 0.8939.
Key Resistance Level: The 0.9270 level acts as resistance, aligning with a significant Fibonacci retracement.
Recent High & Low:
High: Recent high around 0.9380.
Low: Current low near 0.9102.
Technical Signals:
Resistance at 0.9270 marks a potential reversal zone, reflecting selling pressure.
Bearish momentum is expected toward 0.8939, which is contingent on sustained downward movement.
Market Context: Recent highs and lows frame a broad trading range, with Fibonacci levels adding technical validity to sell-side positions near resistance
XAUUSD / AFTER VOTE OF THE PRESIDENT OF THE AMRICAN / 4HXAUUSD / 4H TIME FRAME
HELLO TRADERS
Initial Reaction to Election Outcome, It suggests that gold prices dropped by 3.46% following Trump’s win, indicating an immediate market response likely due to investor sentiment or economic expectations associated with his presidency.
Current Trading Position, The current price is below an “ascending channel” (typically a technical pattern indicating a trend), which could signal a weakening upward trend. However, it remains within a “demand zone,” where buying interest could support prices.
Demand Zone and Support, As long as gold stabilizes above the $2,657 - $2,638 demand zone, there is a potential for prices to rise back up. This zone acts as a support level, where enough demand could prevent further declines.
Upside Target (Supply Zone), If prices hold above the demand zone, there is an expectation of an increase toward the $2,732 - $2,747 supply zone. This is seen as a resistance level where selling pressure may limit further upward movement.
Downside Risk , If a 4-hour candle closes below the demand zone, a further decline is anticipated, potentially pushing prices down to the next demand zone between $2,618 - $2,605.
Overall Trading Range , The analysis concludes with a broader price range for gold between $2,790 (upper limit) and $2,605 (lower limit). This range outlines the expected volatility in gold prices.
Buy GBP/JPY Triangle BreakoutThe GBP/JPY pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours.
Possible Long Trade:
Entry: Consider Entering A Long Position Above The Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 197.44
Target Levels:
1st Resistance – 199.20
2nd Resistance – 200.20
Stop-Loss: To manage risk, place a stop-loss order below Support Zone. This helps limit potential losses if the price falls back unexpectedly.
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
NAS100USD / UNDER DOWNWARD PRESSURE / 4HNAS100USD / 4H TIME FRAME
HELLO TRADERS
Market Movement Post-Election:
The analyst mentions that after Trump’s victory, NAS100USD rose by 610 pips (a pip here likely refers to a unit of price change in the index, even though “pips” are more common in forex markets). This initial increase reflects market optimism or a reactionary move post-election.
Current Supply Zone:
The NAS100USD is currently trading in a “supply zone” between 20,662 and 20,788. A supply zone in trading refers to a price range where there’s likely to be selling pressure. The price is near its all-time high (ATH) around 20,788, which could mean resistance.
Potential Scenarios Based on Price Action:
If a 4-hour candle opens and stays below the ATH level of 20,788, the analyst expects a decline in the price. This might reach a fair value gap (FVG) between 20,482 and 20,335. An FVG often suggests an area where the price could correct or balance out.
If prices move lower, they could reach a demand zone between 20,088 and 19,961. A demand zone is a price range where buying interest could push the price back up.
Scenario for an Upward Move:
Conversely, if a 4-hour candle closes above the ATH level, it suggests a potential continuation of the uptrend. The price might then aim for a new historical range between 20,972 and 21,125.
USDJPY / TRYING TO REACH DEMAND ZONE AFTER SUPPLY ZONE / 4HUSDJPY / 4H TIME FRAME
HELLO TRADERS
Current Price Action:
The prices are trying to reach a demand zone between 150.210 and 148.835. A demand zone typically indicates an area where buying interest is expected to increase, potentially causing prices to rise if they stabilize here.
Upward outlook:
If prices remain and stabilize inside or above this demand zone, it suggests the possibility of an upward move. This would be a bullish indicator, pointing towards an increase in price to the next supply zone between 152.763 and 153.914. Supply zones are areas where selling pressure may occur, potentially leading to price resistance.
Downward outlook :
If the prices break below the current demand zone (148.835), this would imply bearish pressure, suggesting a possible further decline. The next target in this scenario is another demand zone between 146.422 and 145.917, where buyers might step in again.
Overall Market Sentiment:
Despite the potential for a decline if the current demand zone is broken, the analysis notes that prices are currently under bullish pressure. This means the overall market trend is upward, but staying above the key demand zone is crucial for this bullish outlook to remain valid.
XAUUSD / UNDER CHOICE PRESIDENT AMRICAN / 4HXAUUSD / 4H TIME FRAME
HELLO TRADERS
Market Influence of Election Results:
The text suggests that if Donald Trump wins the election, it could impact the financial markets by increasing the price of gold and decreasing the value of the dollar. This reflects the common market reaction where political uncertainty or risk can lead to a “flight to safety” in assets like gold.
Current Gold Price Levels:
• The current price range mentioned is between $2,728 and $2,709. This is described as a support or stabilization zone, where prices are attempting to maintain a level above $2,709.
• If the price stabilizes above this range, there’s an expectation that gold could continue to rise, aiming for a “Fair Value Gap” (FVG) between $2,756 and $2,772. Above this FVG, there is a “supply zone” where upward momentum might slow or reverse due to selling pressure.
Downward Scenario:
• If the gold price falls below $2,709, it suggests a possible decline toward the “demand zone” between $2,688 and $2,672. A demand zone indicates a level where buyers might come in, potentially stopping or reversing the price decline.
Overall Trend:
• The text concludes that gold is trading under upward pressure, meaning that current market sentiment is biased toward price increases. This could be influenced by factors like inflation concerns, economic instability, or political uncertainties tied to the election.
BITCOIN / UNDER UPWARD PRESSURE / 4HBITCOIN / 4H TIME FRAME
HELLO TRADERS
Demand Zone (Support): 67.435 - 66.457
• Above this Zone: As long as the price remains above this range, it suggests a higher likelihood of a bullish trend, with potential to move upward.
• Potential Target on Stability Above: If prices stabilize above this demand zone, it may attract buyers, leading to an upward movement toward the supply zone.
Supply Zone (Resistance): 71.484 - 72.916
• Upside Potential: Should the price continue to rise after holding above the demand zone, it may reach this supply zone. This area could act as resistance, where selling pressure might increase.
Downside Risk and Confirmation of Downtrend:
• Break Below Demand Zone (66.457): If prices fall below the demand zone, it could signal the start of a decline, with a potential target around 65.320.
• Break Below 65.320: A drop below this level would further confirm a downtrend, suggesting stronger bearish sentiment.
Trend Confirmation:
• Uptrend: Stabilizing and maintaining price levels above the demand zone supports a bullish scenario.
• Downtrend: Breaking below 65.320 would confirm a downtrend, indicating a bearish
NAS100USD / UNDER UPWARD PRESSURE / 4H NAS100USD / 4H TIME FRAME
HELLO TRADERS
Current Status:
Prices have increased and hit a target with a +175 pip profit.
Prices are now approaching a demand zone (an area where buying interest might be strong enough to prevent further price declines).
Demand Zone Stabilization:
If prices stabilize in this demand zone, there is potential for further upward movement towards a supply zone (an area where selling interest could cause a reversal).
Key Supply and Demand Zones:
Supply Zone: Between 20,188 and 20,300. If prices rise and break through this level, it may confirm an uptrend and lead to further gains ,Primary Demand Zone , Between 19,963 and 19,735. A break below this level would suggest a downward movement, potentially heading towards the next demand zone , Secondary Demand Zone , Between 19,515 and 19,366. This is likely the next area where prices could find support if they fall through the primary demand zone.
Overall Market Trend:
The market is currently under upward pressure, indicating a bullish bias.
For a confirmed uptrend, prices need to break through the supply zone (20,188-20,300).
For a confirmed downtrend, prices would need to break below the demand zone (19,963-19,735).
Sell EUR/GBP Channel BreakoutThe EUR/GBP pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Bearish Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours.
Key Points:
Sell Entry: Consider entering a short position around the current price of 0.8392, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 0.8340
2nd Support – 0.8305
Stop-Loss: To manage risk, place a stop-loss order above 0.8422. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
USOIL / TRADING IN SENSITIVE AREA / 4HUSOIL / 4H TIME FRAME
HELLO TRADERS
Current Price Context:
• The price is currently trading within a supply zone defined by the levels of 72.30 and 71.47. This suggests that there is significant selling pressure in this range.
Scenario Analysis:
• First Scenario (Bullish): If the price breaks above the supply zone (specifically, if a 4-hour candle opens above this range), it is expected to rise towards a higher supply zone between 75.37 and 76.16. This indicates a bullish outlook if the resistance level is overcome.
• Second Scenario (Bearish): If the price breaks below the supply zone, it suggests a decline towards a demand line around 69.66, with potential further drops to levels at 68.12 and 66.78. This indicates a bearish outlook if the support level is broken.
General Market Condition:
• The overall sentiment is described as being under “upward pressure,” suggesting that, despite the current resistance, there is a prevailing bullish trend or sentiment in the market.
EURUSD / TRADING UNDER UPWARD PRESSURE / 4HEURUSD / 4H TIME FRAME
HELLO TRADERS
Current Movement to Supply Zone (1.092 - 1.095):
• Prices are attempting to reach a supply zone between 1.092 and 1.095. This level acts as potential resistance where sellers may enter, potentially halting further upward movement.
Potential Decline to Demand Zone (1.085 - 1.083):
• If prices face resistance near 1.092 - 1.095, they might pull back to the demand zone between 1.085 and 1.083. This demand zone represents a level of support where buyers might enter, stabilizing prices.
Outlook if Prices Stabilize Above 1.085 - 1.083:
• Stabilization above this demand zone suggests an opportunity for prices to increase. The next target is another supply zone between 1.101 and 1.104, which could act as a new resistance level.
Risk of a Decline if Demand Zone is Broken:
• If prices break below the demand zone (1.085 - 1.083), it signals potential for further decline to a lower demand zone (1.079 - 1.076). A break below 1.076 would likely confirm a downtrend.
Trend Confirmation Based on Zone Breaks:
• Breaking the supply zone (1.092 - 1.095) would signal an uptrend, while a break below the demand zone (1.079 - 1.076) would confirm a downtrend.
AUDUSD. Trading opportunityHello traders and investors!
On the daily time frame, there has been a sideways range since August 24 (with point 4 formed). The lower boundary is 0.63478, and the upper boundary is 0.6942.
The seller's vector 5-6 within the range on the daily time frame has reached the target of 0.65604. The buyer has halted the downward movement and is trying to start their vector 6-7 with a potential target of 0.67985.
If we think not in terms of the range, but how the last buyer’s impulse, which started at 0.63478, traders have gathered volume below the 50% level (0.66278) of this impulse, which may indicate an attempt to reverse the price upwards.
We should pay attention to how the price interacts with the 0.6622 level. This is the start of the buyer’s last sub-impulse (which nearly coincides with the 50% level of the last impulse!).
If the buyer manages to break through this level and defend it, this accumulation below the level will provide good fuel for an upward move, and long positions can be sought.
If the seller defends the 0.6622 level, it makes sense to wait for the buyer’s next attempt to reverse the price on the daily time frame, as searching for short positions in the buyer’s context area is risky.
Short positions can be looked for on lower time frames, with lower time frame targets and considering the contexts of both the higher and lower time frames.
A medium-term forecast can be found in the related post.
Good luck with your trading and investments!
Oct.29-Nov.04(ETH)Weekly market recapLast Friday, the non-farm payroll data fell significantly short of expectations, leading to a substantial increase in interest rate cut anticipations. The price of ETH surged before retreating, with the majority of traders attributing the disappointing data to the impact of the hurricane, as the market response was less than favorable.
Currently, the differing expectations regarding monetary policy and future inflation between the two candidates in the U.S. election make the election outcome pivotal for the mid-term trajectory of BTC, while also impacting the price of ETH. Should Trump be elected, the promised favorable policies may come to fruition, increasing the likelihood of institutional investments in BTC, thereby enhancing its fundamentals as digital gold. Conversely, if Harris takes office, the SEC is expected to maintain its stringent stance on cryptocurrency regulations.
Last week, ETH experienced an initial rise followed by a decline, but the overall fluctuations were minimal, remaining within a consolidation range without any significant trend. The WTA indicator showed blue bars representing whales, which disappeared after Saturday, indicating a withdrawal of substantial capital. The ME indicator continues to reflect a bearish trend.
In summary, we anticipate that ETH may continue to oscillate this week. We maintain our previous resistance level at 2800 and support level at 2200.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
Oct.29-Nov.04(BTC)Weekly market recapLast Friday, the non-farm payroll data fell significantly short of expectations, leading to a substantial increase in interest rate cut anticipations. The price of BTC surged before retreating, with the majority of traders attributing the disappointing data to the impact of the hurricane, as the market response was less than favorable.
Currently, the outcome of the U.S. presidential election is pivotal for the mid-term trajectory of BTC, given the differing monetary policy and inflation outlooks of the two candidates. Should Trump be elected, the promised favorable policies may come to fruition, increasing the likelihood of institutional investments in BTC, thereby enhancing its fundamentals as digital gold. Conversely, if Harris takes office, the SEC is expected to maintain its stringent stance on cryptocurrency regulations.
Last week, BTC experienced an initial rise followed by a decline, breaking through the resistance level to reach $73,590 on Tuesday. The WTA indicator showed the emergence of blue bars representing whales, but these disappeared after Saturday, indicating a withdrawal of significant capital. The ME indicator remains in a bullish trend.
In summary, we anticipate that BTC may experience considerable volatility this week. We have adjusted the resistance level to $74,000 and the support level to $67,000.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
XAUUSD / OVERALL UNDER UPWARD PRESSURE / 4HXAUUSD / 4H TIME FRAME
HELLO TRADERS
Current Market Movement:
• Prices initially dropped to a buy zone at around $2,728, where a buying opportunity was identified.
• After reaching this zone, the price increased, securing a profit of 145 pips.
Price Retesting and Stabilizing:
• The price is currently retesting the $2,728 level.
• If the price stabilizes above this level, it indicates potential upward momentum.
Upward Targets:
• If prices hold above $2,728, the next target range is a Fair Value Gap (FVG) between $2,756 and $2,772. This gap suggests potential for further gains if it’s reached and surpassed.
Demand zone and Downward Risks:
• If prices break below $2,728, they may fall to $2,710.
• Should prices decline below $2,710, further drops are expected, with a potential support or “demand zone” between $2,688 and $2,672.
Overall Market Sentiment:
• Despite potential downward corrections, the market remains under bullish pressure, indicating that the primary trend remains upward for now.