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SUIUSDT Trading Setup: Order Block Retest with Bullish ContinuatWe’ve identified a compelling trade setup on BINANCE:SUIUSDT , showing potential for bullish continuation. After establishing a solid order block around 0.7700, price action suggests an upcoming retest of this zone, which could be followed by a strong upward move. Key Levels & Strategy: Entry Point: The recommended entry lies around 0.7700, a critical order block (OB) zone where demand has previously stepped in. The price has tested this level before, and another successful retest could lead to a bounce upward. Stop Loss: Risk management is crucial to protect your position: High Leverage Traders: Consider placing your stop loss at 0.7606, just below the OB, to safeguard against potential volatility. Low Leverage Traders: Opt for a safer stop loss at 0.7406, allowing more breathing room for the trade to play out. Take Profits: Scale-out profits at the following levels: TP1: 0.8088, a minor resistance area where traders could lock in initial profits. TP2: 0.8360, an intermediate target where previous liquidity zones reside. TP3: 0.9642, a higher target where bulls could aim if momentum sustains. Market Sentiment: The price action is currently forming higher lows, indicative of underlying bullish strength. Additionally, the potential order block retest around 0.7700 gives us a clear entry point, supported by the upward momentum that could push price towards the upper resistance targets. This setup aligns well with the broader market trend, where buyers seem to be taking control after periods of consolidation.
Long
by MadeByAK
GBPJPY Potential Trend ContinuationThe market is currently testing a key psychological support level at 193.000 after a period of consolidation following recent bullish momentum. If GBPJPY closes above the 194.000 level, it could indicate continued upward movement, setting the stage for a retest of the resistance zone above this level. Given the recent bullish sentiment, a clear break and close above 194.000 would likely signal further bullish moves, potentially pushing the price toward higher levels within the resistance zone. The target is the resistance at 194.500
Long
by RTED_Investing
XAUUSD Potential Up Trend ContinuationWith no high-impact news today, the market is likely to stay in sideways movement until tomorrow. However, sudden developments from the Middle East could introduce volatility, especially for gold. Currently, the market appears choppy, forming a triangle pattern. If the price moves below Friday's low, the triangle may evolve into a bullish flag pattern. Despite the sideways action, the market continues to show bullish signals from both technical and fundamental perspectives. The mid-term target is the resistance zone around 2685
OANDA:XAUUSDLong
by RTED_Investing
EURUSD Possible further Drop after a small up correctionThe market broke through the 1.1000 round number following the negative NFP data for EURUSD, pushing the price below the September low. There's a strong possibility it could retest the next round number at 1.0900. The weekly candle reflects growing bearish momentum, and zooming out reveals that this level has historically acted as a key support multiple times. If the price is rejected at this resistance zone again, it could signal further bearish movement. The overall outlook remains bearish as long as the price stays below 1.1000. The target is the support level at 1.09050
Short
by RTED_Investing
Storj / Usdt BINANCE:STORJUSDT 🚀 Storj Update! 🚀 Currently, Storj is priced at $0.5995 and has successfully broken through its resistance level, which has now turned into a support area at $0.5734. If the price holds above this support, we could see the next resistance at $0.7000. However, if the price fails to maintain the current level, the next support zones to watch will be $0.4920 and $0.4400. As always, remember: this is not financial advice! Stay informed and trade wisely!
by Wolftrader1337
Gold Price Analysis October 16Fundamental Analysis Gold prices traded in a positive bias for the second consecutive day and maintained intraday gains near the $2,675 region or a three-week high in the first half of the European session on Wednesday. Amid persistent geopolitical risks, disappointment over the lack of details on China’s fiscal stimulus dampened investor appetite for riskier assets. This was evident in the weaker tone in equity markets and turned out to be a key factor in favor of the safe-haven precious metal. Meanwhile, anti-risk flows led to a further decline in US Treasury yields and provided further support to non-yielding gold. That said, the solid expectations of less aggressive easing by the Federal Reserve (Fed) and bets on a regular 25 basis points (bps) rate cut in November will act as a driver of US bond yields. This, in turn, has lifted the US dollar (USD) to its highest in more than two months and could deter bullish traders from placing fresh bets on the commodity. Technical Analysis Gold’s break above 2680 is currently unresponsive. SELL points are in focus around 2684-2686. Above this level, only the 2700 price zone remains. A pullback is increasingly unlikely as the key area of ​​interest will be today’s Asian session low around 2660. Wishing you a successful trading day. A scalping hook around 2670 could be a breakout point as the European session enters but this point is likely to be false
OANDA:XAUUSD
by TVS-Trader
Still Waiting For Change Of Character in M15, To Start My Buys1. Am excited price has broken a very strong H4 low, therefore anytime soon price will start reversal. 2.Here you can see what am expecting the price to do so that I can start buying and in the other hand I included the POIS for sells, for those still interested in selling. 3.I have more than a week without executing orders this is because am patiently waiting for the market to give me that setup that I love which is the one shown in that diagram above, am not interested in selling for me personally is very risky but doing sells is the best option because main trend is bearish. 4. So, congrats to those who have been selling until this point, you are the real definition of no risk no gain, but don't worry soon or later I'll get those buys I've been waiting.
by RentCash
World gold prices increased despite the high USD index.World gold fees improved regardless of the excessive USD index. Recorded at 8:30 a.m. on October 16, americaA Dollar Index measuring the fluctuation of the dollar with 6 principal currencies changed into at 103,half points. Gold rose amid falling US Treasury yields, even as buyers carefully awaited greater statistics for sparkling clues approximately americaA Federal Reserve`s (FED) economic easing cycle. ). From the start of 2024 till now, gold fees have improved approximately 28% and outperformed US shares and bonds. Experts say that important banks' sturdy purchases of gold have contributed to the above increase. They appearance to this valuable metallic to defend country wide property in opposition to geopolitical and financial instability. According to Mr. Terrence Keeley - former senior supervisor of economic institution BlackRock and presently CEO of marketplace studies employer Impact Evaluation Lab, on common 15% of forex reserves of important banks is in valuable metals consistent with marketplace valuation. 💎 OANDA:XAUUSD sell 2669 - 2671💎 ✔️TP1: 2650 ✔️TP2: 2645 ✔️TP3: OPEN 🚫SL: 2678
OANDA:XAUUSDShort
by FalCol_TradingMaster
XAUUSD / RANGE BETWEEN 2,68$ AND 2,645$ / 1H XAUUSD / 1H TIME FRAME HELLO TRADERS The market experienced a significant price rise, with a 230 pip profit after reaching a demand zone (an area where buying interest is strong). Prices are now trading between $2,668 and $2,645, creating a defined range. A break below $2,645 signals a potential further decline to the next demand zone between $2,645 and $2,636. A break above $2,668 could lead to a price rise, first to an all-time high (ATH) at $2,685. If prices break above $2,685, the market might witness new historical peaks. Supply Zone : 2,668$ and 2,685$ ( ATH ). Demand Zone ; 2,645$ and 2,636$.
OANDA:XAUUSDShort
by ArinaKarayi
USDCAD Potential Drop after rejection from crossing of ResistancUSDCAD has been steadily climbing since the start of October, with nine consecutive bullish days. The price has now reached significant levels on both the weekly and daily timeframes. However, as it nears the resistance area, the candles are shrinking, signaling a potential loss of momentum. Zooming out, it's evident that the price has dropped from the 1.38500 resistance multiple times in the past. This suggests the potential for at least a short-term pullback. If a rejection candle forms, we could expect the price to move lower. Given that today's news is packed with CAD-related data, volatility is expected, possibly leading to large wicks in both directions. The target is the support level at 1.36650
Short
by RTED_Investing
GBP/USD Fluctuates in a Narrow Range Amid Economic DataOn Tuesday, the GBP/USD pair traded within a narrow range between 1.3077 and 1.3080, showing a slight rebound from a demand area. Despite the modest movement, the market is still waiting for more significant developments before making larger moves. UK Economic Data Supports GBP Stability Earlier on Tuesday, the Office for National Statistics (ONS) released key employment data, which provided some support for the British Pound. The ILO Unemployment Rate for the three months leading up to August eased to 4.0%, down from 4.1% in July. Additionally, Employment Change figures showed an increase of 373K in August, up from 265K in July, indicating continued resilience in the labor market. However, the report also showed a slight softening in wage inflation, as the Average Earnings excluding Bonus dropped to 4.9%, down from 5.1%. While wage growth moderated, the overall labor market data was positive enough to give the Pound some stability in the early session. US Data and Market Outlook The economic calendar is light for the US on Tuesday, with no major data releases expected. The market’s focus will shift to Thursday when the USD Core Retail Sales (m/m), Retail Sales (m/m), and Unemployment Claims are due to be released. These reports are expected to bring more volatility to the GBP/USD pair, as they will provide insights into the strength of the US economy and the potential direction of the US Dollar. Until these data are released, the British Pound may continue to hold onto small gains, but the overall market mood remains cautious. Technical Outlook: Bearish Momentum Ahead? From a technical standpoint, GBP/USD remains under bearish pressure, and we anticipate a potential continuation of this trend. While the pair has found some temporary support around the current levels, we expect the bearish momentum to continue until the pair reaches a more solid demand zone around the 1.2800 level. Until the pair approaches this level, we are refraining from opening any new positions, waiting for more clarity on market direction and potential retracement signals. Conclusion GBP/USD is holding steady in a narrow range as UK labor market data provides temporary support. However, the overall outlook remains cautious, with the potential for further bearish pressure. Investors should keep an eye on Thursday’s US data releases, which could trigger more significant movements in the pair. For now, we are waiting for GBP/USD to reach a stronger demand area before considering any new positions. ✅ Please share your thoughts about GBP/USD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
by FOREXN1
1
Natural Gas Trading: Strategies Around Key Levels 15-10-2024Navigating Natural Gas Trading: Strategies Around Key Levels Natural gas trading can be both exciting and challenging, especially when you have clear reference points like your mid-point and upper/lower levels. In this blog, we'll explore strategies to navigate the current market with a mid-point of 208.50, an upper level of 209.90, and a lower level of 207.10. Understanding the Key Levels Mid-Point (208.50): This serves as the equilibrium level in the market. Prices often oscillate around this point, making it a significant area to watch for potential trades. Upper Level (209.90): This is your resistance level. If prices approach this point, it may indicate an opportunity to go short, anticipating a reversal. Lower Level (207.10): This serves as your support level. If prices test this area, consider going long, expecting a bounce back. Trading Strategy 1. Price Action Analysis Before making any trades, observe the price action around these levels. Watch for candlestick patterns, volume spikes, and other indicators that suggest market sentiment. If Price Approaches 209.90: Look for signs of resistance. A reversal pattern (like a double top or shooting star) may suggest that the price is likely to drop. Consider placing a short trade with a stop-loss above this level. If Price Approaches 207.10: Watch for bullish signals. A strong bullish candlestick or a reversal pattern could indicate that the price will bounce back. In this case, consider a long position with a stop-loss just below this level. 2. Risk Management Always prioritize risk management. Set your stop-loss orders based on your risk tolerance. For example, if you're trading near the upper or lower levels, consider setting your stop-loss a few ticks outside these levels to avoid getting stopped out by minor fluctuations. 3. Monitoring Market Conditions Natural gas prices can be highly influenced by external factors like weather, supply reports, and geopolitical events. Stay updated on relevant news and reports to make informed trading decisions. Conclusion Trading natural gas around key levels requires a solid understanding of price action and market sentiment. By using your mid-point, upper, and lower levels strategically, you can identify potential trade opportunities. Remember to incorporate risk management to protect your capital. Whether the price moves towards the upper level or the lower level, having a plan in place will help you navigate the market with confidence. Dear Traders, As you navigate the dynamic world of trading, it’s crucial to remain vigilant about the financial risks involved. Here are key considerations to keep in mind: Market Volatility: Financial markets, including natural gas, can be highly volatile. Prices can change rapidly due to unexpected news or economic data. Always be prepared for sudden fluctuations. Leverage Risks: Trading with leverage can amplify both gains and losses. While it allows for larger positions, it also increases the risk of significant financial loss. Use leverage cautiously and understand the implications. Risk Management: Implementing a solid risk management strategy is essential. Set stop-loss orders to limit potential losses and only risk a small percentage of your capital on any single trade. Emotional Discipline: Trading can evoke strong emotions, leading to impulsive decisions. Maintain discipline and adhere to your trading plan, even in challenging market conditions. Market Research: Stay informed about market trends, economic indicators, and geopolitical events that may impact prices. Informed traders make better decisions. Education and Experience: Continuous learning is vital. Consider practicing with a demo account to hone your skills before committing real capital. Consult a Financial Advisor: If you're uncertain about your trading strategy or financial situation, seeking advice from a qualified financial advisor can provide valuable insights. Trading can be rewarding, but it carries inherent risks. Stay informed, manage your risks carefully, and trade responsibly. Wishing you successful trading!
MCX:NATURALGAS1!
by FinanceGit
Gold Price Analysis October 15Fundamental Analysis Gold prices found some support near the $2,638 region during the early European session on Tuesday and now appear to have halted its modest pullback from the more than one-week high reached the previous day. Persistent geopolitical risks and fears of a broader conflict in the Middle East turned out to be a major factor providing some support to the safe-haven precious metal. However, any meaningful upside move in Gold prices appears to remain elusive amid continued buying in the US Dollar (USD), which remains well supported by expectations of a less aggressive easing policy from the Federal Reserve (Fed). Moreover, disappointment over China’s fiscal stimulus measures has failed to boost investor confidence and may have contributed to limiting the upside in XAU/USD. Technical analysis Note the US session port area last night around 2660 to set up a SELL signal when the European session cannot break out of that area. Port 2638 is considered an important European session price port when Gold has reacted strongly, when the gold price comes there may be another reaction. The main BUY zone when the US session is expanded to 2630-2628. The extended resistance zone of the US session is expanded to 2668-2670. Wish you successful trading
OANDA:XAUUSD
by TVS-Trader
Gold Price Analysis October 14Fundamental Analysis Gold prices rose for a third straight day on Monday, rising to $2,667, or above a one-week high, in early European trading on Monday. Expectations that the Federal Reserve will continue to cut interest rates amid a favorable inflation outlook were the main factor driving flows into the non-yielding yellow metal. In addition, escalating geopolitical tensions in the Middle East also provided additional support for safe-haven bullion. Meanwhile, U.S. Treasury yields and the U.S. dollar (USD) remained elevated amid rising bets for a less aggressive easing policy from the U.S. central bank. This, coupled with a generally positive risk tone and optimism over China’s commitment to increase debt to revive its economy, could keep safe-haven bullion from gaining any further ground. This, in turn, warrants some caution for bullish traders and before positioning for any further upside amid a partial holiday in the US. Technical Analysis With the bank holiday, gold’s range bounds are unlikely to see a strong breakout. The 2665 high is seen as the top zone for today if the price fails to break above this zone by mid-European session. SELL entries can be established around the current price zone and the target level is expected to be around 264x-262x. The 2740 zone remains a strong and notable port zone for today.
OANDA:XAUUSD
by TVS-Trader
4
Potential Bullish Breakout for SAGA/USDT: Cup and Handle PatternCup and Handle Pattern: The pink curve outlines a "Cup" formation, which is a bullish reversal pattern. This is typically formed when there is a gradual rounded bottom, followed by a breakout to the upside. The cup's depth is marked by a large percentage gain (272.58%), reflecting the potential move from the bottom of the cup to the breakout point (the green line at approximately $3.30). Price Levels: Current Price: Around $3.30. Resistance Levels: There’s a projected upward target of $6.5010, which aligns with the height of the cup pattern and indicates where the price might go following a successful breakout. Support Level: The lower green line at $1.7944 shows a significant support area in case the price reverses downward. Measured Moves: The text "2.3628 (272.58%)" and "4.7561 (272.57%)" indicates that this chart predicts a possible price movement of around 272% from the breakout point if the cup-and-handle pattern plays out correctly. These values reflect the price movements from the bottom of the pattern to the top. Blue Area: The blue dashed line and area likely represent a possible consolidation zone or retracement (the "Handle" of the Cup and Handle pattern) before the price potentially continues upwards. In summary, this chart suggests a bullish outlook for the SAGA/USDT pair, with a potential breakout from the cup-and-handle pattern leading to a significant price increase. However, the handle could form before the price reaches the predicted target of $6.50. Keep in mind that while this is a bullish technical setup, it’s important to manage risks and consider market conditions.
Long
by alemicihan
Bitcoin will break 7 month Bullish Flag?Hey traders! Here we are, as we thought we touched 59K and we came up. And we're still moving in a long 229 day bullish flag, and hopefully we could break it soon. The next resistance target is around 68K and if we're going to break this level, plus volumes will confirm and will see short correction if RSI will be oversold we can go upwards strongly! But don't forget to pay attention for 1 Day MA which is still bearish, volumes that are still descending and RSI. What's your thoughts?
Long
by SheTradesHub
NZDUSD: Intraday Bearish Confirmation?! 🇳🇿🇺🇸 Last week, I already made a prediction that NZDUSD will keep falling. Analysing the intraday price action, I spotted a strong bearish confirmation today. Retesting a recently broken structure, the price formed a head and shoulders pattern. Its neckline was violated, confirming a local dominance of the sellers. We can anticipate a down movement at least to 0.6057 ❤️Please, support my work with like, thank you!❤️
Short
by VasilyTrader
1
World gold prices tend to increaseWith RSI (14) additionally breaking the downtrend, it appears that evidently the relatively pessimistic photo of the beyond month is turning into brighter for buyers, giving investors a caution of a retest of document highs. transaction. MACD has now no longer but showed the signal, even though it is displaying symptoms and symptoms of bottoming. We noticed a small pullback all through early Monday buying and selling in Asia, as fees retested the small uptrend from mid-September, which had furnished guide till broken. broke early closing week. If the charge holds above this level, keep in mind shopping for above with a good forestall underneath to defend the goal push to a document excessive of $2,685.7. If it breaks, investors can search for a push to $2700. Bannockburn Global the Forex market CEO Marc Chandler predicts gold fees will fall this week. Although gold jumped to 2,650 USD/ounce after PPI data, he stated that this valuable steel can also additionally retest the extent of 2,six hundred USD/ounce, or maybe 2,580 USD/ounce this week. Haven call for because of fears of tensions withinside the Middle East is helping gold, however better yields and a sturdy greenback should placed strain at the valuable steel, Chandler explained.
TVC:GOLDLong
by FalCol_TradingMaster