EURJPY: Capturing BOJ decisionsFrom technical perspective, the price moved to significant orders in the past. And once reach there, there's bearish engulfing candle formed. To see inclination of price movements coherently:
1. GDP of Euro Zone in stagnant level without significant increase or decrease (demand in EURO is stagnant)
2. Japan CPI keeps growing (demand in YEN)
Therefore, there's possibility liquidity created first there with bearish engulfing, signifies bearish movement ahead.
Supply and Demand
Transform Your Gold Trades: Ultimate Price Action Insights!FXOPEN:XAUUSD @Alexgoldhunter Price Action Analysis and Strategy
Key Levels and Zones
Order Blocks (OB):
Upper OB: Around 2,653.023 USD
Lower OB: Around 2,644.000 USD
Break of Structure (BOS):
BOS Level: Around 2,644.000 USD
Fibonacci Retracement Levels:
0.786 Level: 2,653.09345 USD
0.705 Level: 2,651.001625 USD
0.618 Level: 2,648.75485 USD
0.5 Level: 2,645.7075 USD
0.382 Level: 2,642.66015 USD
Volume Profile:
Indicates areas with significant trading activity. Higher volume bars at levels like 2,644.000 USD and 2,653.023 USD suggest strong interest and potential support/resistance.
Significant Price Levels:
p1D High: Noted on the chart.
Swing High: Noted on the chart.
BMR Low: Noted on the chart.
Buy Strategy
Entry Point:
Consider entering a buy position near the lower OB around 2,644.000 USD, especially if the price shows signs of support and bullish reversal patterns.
Stop Loss:
Place a stop loss below the lower OB or the BMR Low to minimize risk.
Take Profit:
Target the upper OB around 2,653.023 USD or the Fibonacci retracement levels (0.618 or 0.786) for potential profit-taking.
Sell Strategy
Entry Point:
Consider entering a sell position near the upper OB around 2,653.023 USD, especially if the price shows signs of resistance and bearish reversal patterns.
Stop Loss:
Place a stop loss above the upper OB or the Swing High to minimize risk.
Take Profit:
Target the lower OB around 2,644.000 USD or the Fibonacci retracement levels (0.5 or 0.382) for potential profit-taking.
Conclusion
By using these price action techniques, traders can develop a strategic approach to buying and selling based on key levels and market structure. Remember to always manage risk with appropriate stop loss and take profit levels.
Happy trading! 📈📉
If you have any more questions or need further details, feel free to ask!
Follow @Alexgoldhunter for more strategic ideas and minds
Mastering BNB/USDT with Pro Price Action Techniques!BINANCE:BNBUSDT @AlexGoldHunter Price Action Analysis and Strategy
Key Levels and Zones
Support and Resistance Levels:
Resistance Block (RB): Around 735.00 USDT
Support Block (RB): Around 705.00 USDT
Strong Low: Around 705.00 USDT
Equal Lows: Around 705.00 USDT
Fibonacci Retracement Levels:
0.786 Level: 730.9076 USDT
0.705 Level: 728.753 USDT
0.618 Level: 726.4388 USDT
0.5 Level: 723.3 USDT
0.382 Level: 720.1612 USDT
Volume Profile:
High volume nodes around 715.00 USDT and 705.00 USDT
Price Action Markers
CHoCH (Change of Character): Indicates a potential reversal in trend.
MSS (Market Structure Shift): Indicates a shift in market structure, often signaling a change in trend direction.
BOS (Break of Structure): Indicates a break in the previous market structure, confirming a trend change.
Buy Strategy
Entry Point:
Look for a bullish CHoCH or MSS around the support block (RB) at 705.00 USDT. Confirmation of a bullish reversal can be further validated by a break above the 0.382 Fibonacci level (720.1612 USDT).
Stop Loss:
Place a stop loss below the strong low at 705.00 USDT to minimize risk.
Take Profit:
Target the resistance block (RB) around 735.00 USDT. Partial profits can be taken at intermediate Fibonacci levels (726.4388 USDT and 728.753 USDT).
Sell Strategy
Entry Point:
Look for a bearish CHoCH or MSS around the resistance block (RB) at 735.00 USDT. Confirmation of a bearish reversal can be further validated by a break below the 0.618 Fibonacci level (726.4388 USDT).
Stop Loss:
Place a stop loss above the recent swing high at 735.00 USDT to minimize risk.
Take Profit:
Target the support block (RB) around 705.00 USDT. Partial profits can be taken at intermediate Fibonacci levels (723.3 USDT and 720.1612 USDT).
Conclusion
This chart shows a detailed technical analysis setup for BNB/USDT, incorporating price action techniques, volume profile, and Fibonacci retracement levels to generate a buy and sell strategy. The key levels and zones identified provide potential entry and exit points for traders.
If you have any more questions or need further details, feel free to ask! 📈📉
Follow @Alexgoldhunter for more strategic ideas and minds
US30 painting a beautiful downtrendUS30 Technical Analysis Report
December 16, 2024
Current Market Overview
The US30 (Dow Jones Industrial Average) is currently displaying a significant bearish bias, with multiple timeframe analysis supporting a continuation of the downward momentum. Current price: 43,886
Technical Analysis by Timeframe
Daily Timeframe (HTF)
Confirmed bearish market structure break at 44,392 (December 10, 2024)
Overall Higher Timeframe trend remains bearish
This break serves as a key reference point for the current bearish momentum
4-Hour Timeframe (H4)
Clear downtrend pattern formation
Current price action showing retracement to sweep buy/sell liquidity zones
Price action respecting the downward trendline range
Suggested entry level identified at 43,809
1-Hour Timeframe (H1)
Key resistance level identified at 44,058
Potential for temporary trend interruption if this level is breached
Currently operating within Asian session range boundaries
Key Trading Levels
Entry Target: 43,809
Take Profit 1 (TP1): 43,345
Extended Target (TP2): 42,890 (conditional on market alignment)
Key Resistance: 44,058
Previous Structure Break: 44,392
Volume Analysis
Current phase: Asian session (characterized by lower volume)
Critical observation period: New York session open
Anticipating increased volume and potential trend confirmation during NY hours
Risk Management Considerations
Primary trend remains bearish
Watch for potential temporary reversals at 44,058
Monitor NY session volume for trade confirmation
Consider partial position closure at TP1 (43,345)
Trading Session Context
Currently in Asian trading hours
Key decision point expected at NY session open
Volume expected to increase significantly during NY hours, providing better trade execution opportunities
Trade Strategy Summary
The overall strategy aligns with the bearish bias across multiple timeframes. Entry opportunities are being monitored at 43,809, with a structured approach to take profit levels. The New York session will be crucial for volume confirmation of the anticipated moves.
Note: This analysis is provided for educational purposes only and does not constitute financial advice. All traders should conduct their own research and risk assessment before entering any positions.
XLMUSDT Short Idea - Struggling to Maintain Bullish MomentumXLMUSDT has had a strong run up to ~$0.63, as have many other alts, but is now struggling to maintain that bullish momentum.
Looking at a fib retracement view of the bullish push, we can see that the price action has been oscillating between the 0.5 and 0.618 fib levels and has once again been rejected off the bottom of the 0.5 level.
This chart shows a lower timeframe snapshot of that price action rejection off the bottom of the 0.5 fib.
From a bearish push fib retracement view, we can see that there is confluence between the 0.5 bullish fib level and the 0.618 bearish fib retracement region. We can see this level holding well and a potential rejection back down towards another bearish move.
The target for this short idea is a combination of the supply order block level sitting around 0.26, and the -0.618 fib extension level of the bearish fib retracement fib. Stop placement is above the order block flip zone indicated by the yellow box. For lower timeframe traders, a tighter stop could be attempted if you watch the price action closely following a breakdown below the last point of support at 0.38.
LTOUSDT | GREAT OPPORTUNITY IF YOU BUY FROM THE CORRECT PRICEWe are observing a 41% increase in volume on LTOUSDT, with buyers currently active.
Long trades can be designed based on the reactions observed in the lower time frames around the green line and blue box.
I will be closely monitoring these levels for confirmation of potential upward movements.
I keep my charts clean and simple because I believe clarity leads to better decisions.
My approach is built on years of experience and a solid track record. I don’t claim to know it all, but I’m confident in my ability to spot high-probability setups.
My Previous Analysis
🐶 DOGEUSDT.P: Next Move
🎨 RENDERUSDT.P: Opportunity of the Month
💎 ETHUSDT.P: Where to Retrace
🟢 BNBUSDT.P: Potential Surge
📊 BTC Dominance: Reaction Zone
🌊 WAVESUSDT.P: Demand Zone Potential
🟣 UNIUSDT.P: Long-Term Trade
🔵 XRPUSDT.P: Entry Zones
🔗 LINKUSDT.P: Follow The River
📈 BTCUSDT.P: Two Key Demand Zones
🟩 POLUSDT: Bullish Momentum
🌟 PENDLEUSDT.P: Where Opportunity Meets Precision
🔥 BTCUSDT.P: Liquidation of Highly Leveraged Longs
🌊 SOLUSDT.P: SOL's Dip - Your Opportunity
🐸 1000PEPEUSDT.P: Prime Bounce Zone Unlocked
🚀 ETHUSDT.P: Set to Explode - Don't Miss This Game Changer
🤖 IQUSDT: Smart Plan
⚡️ PONDUSDT: A Trade Not Taken Is Better Than a Losing One
💼 STMXUSDT: 2 Buying Areas
🐢 TURBOUSDT: Buy Zones and Buyer Presence
🌍 ICPUSDT.P: Massive Upside Potential | Check the Trade Update For Seeing Results
🟠 IDEXUSDT: Spot Buy Area | %26 Profit if You Trade with MSB
📌 USUALUSDT: Buyers Are Active
IQUSDT | %100 Daily Volume Increase, Still not Looking GoodIn our previous IQUSDT analysis, we successfully captured a 50% movement with a precision entry.
🤖 Check it out here: IQUSDT: Smart Plan
Now, we are identifying key zones in case the crypto market struggles leading into the new year.
IQUSDT has shown a 100% increase in daily volume; however, buyers have yet to step into the market.
My initial focus is on the blue box area.
When the price reaches the blue box, I will closely monitor for upward breakouts on the lower time frames to evaluate potential buying opportunities.
I keep my charts clean and simple because I believe clarity leads to better decisions.
My approach is built on years of experience and a solid track record. I don’t claim to know it all, but I’m confident in my ability to spot high-probability setups.
My Previous Analysis
🐶 DOGEUSDT.P: Next Move
🎨 RENDERUSDT.P: Opportunity of the Month
💎 ETHUSDT.P: Where to Retrace
🟢 BNBUSDT.P: Potential Surge
📊 BTC Dominance: Reaction Zone
🌊 WAVESUSDT.P: Demand Zone Potential
🟣 UNIUSDT.P: Long-Term Trade
🔵 XRPUSDT.P: Entry Zones
🔗 LINKUSDT.P: Follow The River
📈 BTCUSDT.P: Two Key Demand Zones
🟩 POLUSDT: Bullish Momentum
🌟 PENDLEUSDT.P: Where Opportunity Meets Precision
🔥 BTCUSDT.P: Liquidation of Highly Leveraged Longs
🌊 SOLUSDT.P: SOL's Dip - Your Opportunity
🐸 1000PEPEUSDT.P: Prime Bounce Zone Unlocked
🚀 ETHUSDT.P: Set to Explode - Don't Miss This Game Changer
🤖 IQUSDT: Smart Plan
⚡️ PONDUSDT: A Trade Not Taken Is Better Than a Losing One
💼 STMXUSDT: 2 Buying Areas
🐢 TURBOUSDT: Buy Zones and Buyer Presence
🌍 ICPUSDT.P: Massive Upside Potential | Check the Trade Update For Seeing Results
🟠 IDEXUSDT: Spot Buy Area | %26 Profit if You Trade with MSB
📌 USUALUSDT: Buyers Are Active
TAO USD breakdown confirmed. Bad days ahead for BittensorKey support line broken for TAO and onward movement has a lot of thin air from prior rapid price up movement. Good opportunity to short TAO. The only thing that could invalidate it would be big buy-in by whales. If that fails to happen, TAO is likely awaiting a big downward move for the foreseeable future
Tesla (TSLA): Long-Term Breakout Backed by Strong MomentumChart Analysis:
Tesla shares have surged past key resistance at $415, marking a significant breakout with strong bullish momentum.
1️⃣ Key Breakout:
The price broke above the horizontal resistance level at $415, which previously capped gains in 2021. This breakout signals renewed strength and opens the door for potential continuation.
2️⃣ Moving Averages:
50-week SMA (blue): The price is well above the 50-week SMA at $227, highlighting robust upward momentum and a bullish long-term structure.
3️⃣ Momentum Indicators:
RSI: Currently at 80.96, signaling overbought conditions. While this reflects strong buying interest, traders may watch for signs of exhaustion or a pullback.
MACD: Bullish momentum is accelerating, with the MACD line rising sharply and far above the signal line.
What to Watch:
A potential retest of the $415 breakout level as support would be a key technical development to confirm the breakout's strength.
Traders should monitor RSI for signs of divergence or overbought reversals while keeping an eye on continuation patterns.
Tesla has broken free from a multi-year range, driven by strong bullish momentum. The price action and breakout above $415 suggest bulls are firmly in control.
-MW
SOL/USDT Trade Setup: Awaiting Resistance Breakout Confirmation""Currently observing SOL/USDT on the 4-hour chart. The price is testing the resistance zone around $231.45. I am waiting for a clear breakout above this resistance level with strong volume confirmation before entering a long position. My target would be the next resistance area around $262.69, with a stop-loss placed near $214.06 to manage risk. If the breakout fails and price gets rejected, I will re-evaluate the trade setup and wait for a better opportunity."
CHART BREAKDOWN GBPUSD: Key Levels, Targets and Thoughts!Brief Description🖊️:
The chart provides insights into critical market levels, emphasizing 1 essential supply zone: low-risk sell zone spanning from 1.27800 to 1.27940, respectively, is highlighted.
Things I Have Seen👀:
Important Supply Zone🟢: Identified between 1.27800 and 1.27940 serving as a low-risk SELL.
Bearish Targets📉:
1.27700: Possible retracement area.
1.27200: Possible retracement area.
1.26500: Possible retracement area.
1.25500: Possible retracement area.
What's Important Now❗
Currently, the crucial approach is to wait and observe the price action at this level. We need to assess how the market reacts before considering any decisive moves. Stay observant and responsive to real-time developments in the market.
CHART BREAKDOWN NASDAQ: Key Levels, Targets and Thoughts!Brief Description🖊️:
The chart provides insights into critical market levels, emphasizing 1 essential demand zone: low-risk buy spanning from 21,700.00 to 20,660.00, respectively, is highlighted.
Things I Have Seen👀:
Important Demand Zone🟢: Identified between 21,700.00 and 20,660.00, serving as a low-risk buy.
Bearish Targets📈:
21,800.00: Possible retracement area.
21,950.00: Possible retracement area.
22,200.00: Liquidity Area.
What's Important Now❗
Currently, the crucial approach is to wait and observe the price action at this level. We need to assess how the market reacts before considering any decisive moves. Stay observant and responsive to real-time developments in the market.
CHART BREAKDOWN XAUUSD: Key Levels, Targets and Thoughts!Brief Description🖊️:
The chart provides insights into critical market levels, emphasizing a essential supply zone: low-risk sell zone spanning from 2661.00 to 2664.00, respectively, are highlighted.
Things I Have Seen👀:
Important Supply Zone🟢: Identified between 2661.00 and 2664.00 serving as a low-risk sell.
Bearish Targets📉:
2659.00: Possible retracement area.
2655.00: Possible retracement area.
2649.00: Possible retracement area.
2640.00: Possible retracement area.
2613.00: Liquidity area.
What's Important Now❗
Currently, the crucial approach is to wait and observe the price action at this level. We need to assess how the market reacts before considering any decisive moves. Stay observant and responsive to real-time developments in the market.