XAGUSD - Short SetupMy main trading principle is that the price always moves from swept liquidity levels to untouched liquidity levels.
In particular case we clearly can see the following context: price swept 1D key liquidity level and left untouched level lower.
But to take more statistically more probable trades we should wait for some time of lower timeframe confirmation. For me the best way to confirm higher timeframe context is structure.
We can notice the break of market structure (sign of weakness) on key liquidity level, so there is a higher probability to see price lower at least on opposite level (marked lower).
Your success is determined solely by your ability to consistently follow the same principles.
Trading
US30 Will Go Higher! Long!
Take a look at our analysis for US30.
Time Frame: 6h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 44,904.9.
The above observations make me that the market will inevitably achieve 45,324.9 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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GOLD Will Go Down! Short!
Please, check our technical outlook for GOLD.
Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 2,641.783.
Taking into consideration the structure & trend analysis, I believe that the market will reach 2,628.904 level soon.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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NZDUSD Will Move Higher! Buy!
Here is our detailed technical review for NZDUSD.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 0.584.
Considering the today's price action, probabilities will be high to see a movement to 0.603.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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Gold Price Analysis December 4Fundamental Analysis
Gold prices traded in a positive bias for the second consecutive day on Wednesday, despite lacking bullish conviction and remaining confined within the familiar range that has held for the past week or so. Traders appear reluctant at the moment, opting to wait for further signals on the Federal Reserve’s (Fed) interest rate cut path before placing any directional bets. As such, the market focus will remain on Fed Chairman Jerome Powell’s speech later today, along with Friday’s US Non-Farm Payrolls (NFP) report, which will guide policymakers on their next monetary policy decision.
Technical analysis
breaks the 2647 level once again Gold is heading towards the technical resistance level of 2655. Gold is still trading in the accumulation range waiting for Nonfarm, most likely today there will be no break out of the 55 and 2635 ranges. The sideways market is quite difficult for trend traders. Wait and see how the European session will fluctuate. If it cannot break 2651, you can SELL to 2643-2635. If the price pushes up to 55 but cannot break this area, this is the trading range that can be reported today.
EURUSD Will Go Down! Short!
Please, check our technical outlook for EURUSD.
Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 1.052.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 1.049 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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GOLD SENDS CLEAR BEARISH SIGNALS|SHORT
Hello, Friends!
It makes sense for us to go short on GOLD right now from the resistance line above with the target of 2,610.373 because of the confluence of the two strong factors which are the general downtrend on the previous 1W candle and the overbought situation on the lower TF determined by it’s proximity to the upper BB band.
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CAD/JPY BULLS ARE GAINING STRENGTH|LONG
Hello, Friends!
Previous week’s red candle means that for us the CAD/JPY pair is in the downtrend. And the current movement leg was also down but the support line will be hit soon and lower BB band proximity will signal an oversold condition so we will go for a counter-trend long trade with the target being at 108.947.
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AUDUSD Analysis - Bearish - Trade 021. Seasonality:
During the first week of December, the USD exhibits bearish momentum, while the AUD shows bullish tendencies. This combination makes AUDUSD overall bullish.
2. COT Report:
The AUD's COT RSI and Index are near the top, while the USD is near the bottom, indicating potential overextension. This suggests a bearish outlook for AUDUSD.
3. Fundamental Analysis:
LEI
The USD Leading Economic Indicator (LEI) is increasing, while the AUD LEI is decreasing. Global LEI is also rising, favoring USD strength and adding a bearish tone to AUDUSD.
Endogenous Factors
These suggest bearish pressure for the AUD and bullish sentiment for the USD, further supporting a bearish bias.
Exogenous Factors
Exogenous influences, however, indicate an increase in AUDUSD, favoring a bullish trend.
4. Technical Analysis:
AUDUSD is forming an ABCD pattern and is currently at the 0.618 Fibonacci retracement level on the 1-hour chart. Additionally, there is significant resistance on the 4-hour chart, indicating potential bearish pressure from a technical standpoint.
Summary
The analysis presents mixed signals: seasonality and exogenous factors favor bullishness, while the COT report, LEI trends, endogenous factors, and technical resistance suggest bearish potential.
Bias
The combined analysis leans toward a short entry for AUDUSD.
Trade Plan
Entry: 0.64746
SL: 0.65130
TP: 0.64362
AUD/JPY BUYERS WILL DOMINATE THE MARKET|LONG
Hello, Friends!
AUD-JPY downtrend evident from the last 1W red candle makes longs trades more risky, but the current set-up targeting 99.286 area still presents a good opportunity for us to buy the pair because the support line is nearby and the BB lower band is close which indicates the oversold state of the AUD/JPY pair.
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NZD/JPY BULLISH BIAS RIGHT NOW| LONG
Hello, Friends!
NZD/JPY pair is in the downtrend because previous week’s candle is red, while the price is obviously falling on the 1D timeframe. And after the retest of the support line below I believe we will see a move up towards the target above at 90.005 because the pair oversold due to its proximity to the lower BB band and a bullish correction is likely.
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NZD/CHF BEARS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
The BB upper band is nearby so NZD-CHF is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 0.521.
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AUD/CHF SHORT FROM RESISTANCE
Hello, Friends!
AUD/CHF is making a bullish rebound on the 7H TF and is nearing the resistance line above while we are generally bearish biased on the pair due to our previous 1W candle analysis, thus making a trend-following short a good option for us with the target being the 0.569 level.
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EPL Ltd Breakout Alert: 52-Week High + Bullish Momentum! Ready f📈 EPL Ltd (EPL) is showing explosive bullish momentum and has recently achieved a 52-week breakout, positioning it for potential short-term gains. Here’s why EPL should be on your radar:
🔑 Key Technical Highlights:
Bullish Marubozu Candle: Strong buyer dominance, signaling a solid uptrend.
RSI Breakout (63): Momentum is building; watch for continued upward pressure.
Volume Breakout: Price surge supported by heavy volume—confirming buyer interest.
Donchian Bands: New highs suggest further breakout potential ahead.
Bollinger Bands: Positive breakout confirms the strength of the current trend.
Stochastic (94) & CCI (195): Strong overbought levels indicate market strength.
MACD Bullish Crossover: A confirmed bullish signal, pointing to sustained upward movement.
200 EMA: Price above the EMA, and both price and moving averages are trending up, showing a strong uptrend.
Bullish Candlestick Patterns:
🔥 Long White Candles across the Daily, Weekly, and Monthly timeframes indicate consistent bullish pressure and potential for further upward movement.
Why This Could Be a Great Trade:
Possible Swing Trade: Targeting short-term profits with strong bullish indicators.
Possible BTST (Buy Today, Sell Tomorrow): Perfect setup for quick gains.
📢 Don’t miss out on this breakout opportunity – EPL is trending upward, and the momentum is strong! 💥
🚀 Are you ready to take action?
💬 Share your thoughts, predictions, or trade setups in the comments below!
🔔 Follow for daily stock analysis and stay ahead of the market.
Possible levels to watch out : 324-360-396-432
XRP/USDT: Local Correction or Springboard to $3?Hi there! 👋
Let’s dive into the XRP/USDT chart, which has been drawing attention with its strong bullish momentum but is now showing the first signs of a possible correction. Let’s break it down! 🧐
🖼 Overall Picture
The chart shows a clear uptrend, which has pushed XRP to a local high of $2.70. However, the market looks slightly overheated, and a correction to key support levels seems likely.
Globally, XRP remains in a bullish trend, supported by positive sentiment and broader crypto market growth.
📈 Technical Analysis (Using Midas Up/Down)
Key Support Levels:
1️⃣ $2.20–2.30 : Local support, a potential zone for entries during a pullback.
2️⃣ $1.80–2.00 : Major support zone, aligned with high volume levels (Volume Profile) and a strong trendline.
Resistance:
$2.60–2.70 : A local profit-taking zone. Price has already rejected this level twice.
$3.00 : The next major target if the current highs are broken.
🛠 What Indicators Say:
RSI (4H) : Still in overbought territory, signaling potential for a correction.
MACD (4H) : Shows slowing momentum as the histogram shrinks, indicating the market is preparing for a pullback.
MACD (1W) : Remains firmly bullish on the weekly timeframe, confirming the strength of the long-term trend.
🗺 Scenarios
1️⃣ Bullish Scenario:
Price holds the $2.20–2.30 support zone and returns to test $2.70.
A breakout above $2.70 opens the path to $3.00 and potentially $3.50.
2️⃣ Bearish Scenario:
Price breaks below $2.20 and tests the $1.80–2.00 support zone.
If this level holds, it presents an excellent low-risk entry point for buyers.
🎯 Trading Strategy
Short-Term (Swing Trading):
Entries:
1️⃣ Around $2.20–2.30 on a local pullback.
2️⃣ Safer entry: $1.80–2.00.
Targets:
1️⃣ $2.60–2.70 — for partial profit-taking.
2️⃣ $3.00 — main target.
Stop-Loss:
Aggressive: Below $2.10.
Conservative: Below $1.80.
Medium-Term:
Buy in the $1.80–2.00 range with the aim to hold until $3.00+.
⚠️ Risks
Breaking below $1.80 could accelerate a drop to $1.50.
The overall market is volatile, so keep an eye on broader trends and adjust positions accordingly.
🚀 Conclusion
XRP continues to delight bulls, but a local correction is likely. The $2.20–2.30 and $1.80–2.00 levels look like great zones for re-entry or scaling in. If the price breaks $2.70, the target of $3.00 becomes realistic. Stay sharp! 💪
💬 What do you think about this scenario? Got any ideas or feedback? Drop your thoughts in the comments, and let’s discuss! 👇
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Salesforce (CRM): Decision Point ApproachingNYSE:CRM has risen higher than anticipated, but we are still holding on to our bearish scenario. Initially, we expected another leg down following the wick that we identified as wave ((a)), but the stock surprised us by pushing to a higher high, surpassing the levels of wave 1 and wave B at $348.86.
This move invalidated our first bearish scenario, activating our secondary outlook of a flat correction where wave ((b)) exceeds wave 1, which aligns with the current structure.
From here, our outlook is straightforward: if our bearish scenario holds, NYSE:CRM should drop below the wave ((a)) level, which is yet to be determined. However, if the stock rises above $360 and sustains trading at that level, the bearish outlook will be invalidated, requiring a complete re-charting of $CRM.
A decision point is approaching, and we will monitor the stock closely for further developments.
Zscaler (ZS): Liquidity Below $154—A Drop Imminent?Zscaler is becoming interesting again, not only due to its earnings call yesterday but also because it has formed a strong sell-side liquidity below $154.
After a period of sideways movement, we anticipate a sell-off to take out the liquidity below, most likely wicking into the $151-$122 area. If this plays out, it should conclude the wave C and wave (2).
We did not believe the earnings report will have a decisive impact, but it still could provide one last push into the $220-$237 range before the expected drop to wave (2).
At this point, we are not placing any limit orders but have set alerts to monitor the development of this scenario closely.