Trade idea - AUDCAD Long4H
Bullish impulse: indication.
Pattern within pattern: confirmation.
Inverse Head & Shoulders pattern + Bullish Fake Out flag pattern.
Clear support & resistance zone is there.
-68 Fibonacci completion aligning with entry zone.
Corrective approach towards entry zone.
= Buy limit.
1% risk.
RBA Gov Bullock speaks at 1.30 AM. Be aware.
Supply_and_demand
$GBPUSD | Sell Trade H4 | Execute & Sell Limits |Technical Confluences:
- Price action is between a 50 - 61% Fibo retracement range
- Horizontal trendline coincides with the 61% Fibo retracement levels
- Price is also at a Supply Zone range
- Stochastics on the H4 is in Overbought conditions
Fundamental Confluences:
- Market is reeling with the optimism of incoming FED cuts but FED seems to feel differently based on the few FED speaker's speeches
- The riots in the UK will definitely have some economic drag on the GDP
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Will be executing my 1st sell entry into FX:GBPUSD and set Sell Limit orders as show in the charts.
Targeting to TP approximately half the position at the 38% Fibo Extension levels (in blue) and move my SL levels to B/E.
Full TP are the 61%/78% Fibo Extension levels.
Remember, DYOR.
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Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks. DYOR.
XAUUSD - Resistance Sell Short Term, Long Term BuysXAUUSD is trading at key areas, this is a great time to intra-day trade gold.
Personally i'm waiting for XAUUSD to either breakout at the higher level, there i would be looking for new key zones to trade off, or reject the key level and drop down to the support zone.
I believe dropping to the support zone will happen, regardless if the market breaks out above, as there is non liquidation candle sticks near the lower key resistance level that will be tapped given enough time.
Bullish Reversal on USD/JPY"Based on the demand and supply zones strategy, we anticipate a bullish reversal in USD/JPY. After a significant downward movement, the price has reached a key demand zone, where buyers typically step in, creating upward pressure. Historically, these zones have acted as strong support, leading to substantial rebounds. Current market sentiment, combined with the oversold condition, suggests that buyers will overpower sellers, pushing the price upwards. This spike is likely to gain momentum as more traders recognize the opportunity and enter the market."
"Please note that the information provided is for educational purposes only and should not be considered as financial advice. Market predictions are inherently uncertain, and trading involves risk. I am not responsible for any financial losses or damages that may result from trading decisions based on this analysis. Always conduct your own research or consult with a professional financial advisor before making any investment decisions."
Alikze »» XAUUSD| Reverse pattern🔍 Technical analysis: Reverse pattern
- It was mentioned in the 1H time frame according to the analysis presented before . that wave C can extend as a three-wave or five-wave to the green box range target.
- As you can see, wave C has corrected in three waves and accelerated to the green box.
- Currently, there has been a return wave after creating demand in the green box.
- Considering that it has had a three-wave correction up to the golden zone, it can be expected to have a movement cycle up to the 0.78 Fibo range.
💎 In addition, in case of failure of Fibo 0.78, it can advance to the specified supply area.
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OANDA:XAUUSD
SP500 1D | PlanThe reaction and closes of the price in the current area are very important. A close above the 200 EMA and DO within a few days is crucial. If the price fails to recapture the dark blue box as I indicated, I expect to see the price action, brush movement I have drawn below. The area of the purple box where MO and pMO are located will be the target.
Happy Trading
SUPPLY AND DEMAND / LIQUIDITY CONCEPTIn this analysis we are focusing on (4H) Time frame for XAUUSD. Here we have two condition. First we are looking for sell and then we are looking for buy from the demand zone. Now we will wait where price go first, if price go first toward supply zone then we look for sell. But in second condition if price go first toward the demand zone then we look for buy. These are the levels of buying and selling. Let's delve deeper into these levels and potential outcomes.
This is just my prediction and analysis.
Alikze »»TIA | Movement in the descending channel🔍 Technical analysis: Movement in the descending channel
- It is moving in a downward channel in the daily and 4H time frames.
- It is located in the middle of the channel and within the liquidity zone. If it can be placed above the region and the middle of the channel, it can retest the ceiling of the supply range channel.
- The most important resistance for an upward trend is the $12.5 range.
- By breaking the $12.5 range, it can have an upward trend. Otherwise, the downward trend will continue.
💎 Alternative scenario: If selling pressure is encountered in the current range and the middle of the channel, the first downward target will be the bottom range of the channel and then the target of 6.25.
💎 In addition, if this channel is broken, it can touch the green box area as much as the width of the channel.
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Alikze »» XAUUSD| Movement in the descending channel🔍 Technical analysis: Movement in the descending channel
- Gold is moving in a descending channel in the 1H time frame.
- It has had several reactions to the ceiling and floors, and now it has faced demand again by hitting the floor trigger.
- It created an OB on the bottom of the channel, which reacted to it after coming into contact with the supply area. - According to the ascending guard, it can have an upward correction movement up to the ceiling of the 2406 range channel.
💎 Also, if it breaks the red box area downwards, it can test the 2353 range.
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OANDA:XAUUSD
Sell USD/CAD Channel BreakoutThe USD/CAD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined 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 1.3813, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 1.3775
2nd Support – 1.3748
Stop-Loss: To manage risk, place a stop-loss order above 1.3855. 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.
Alikze »» DYM | Descending channel🔍 Technical analysis: Descending channel
- It has been moving in a downward channel in the daily time frame, which continued to correct until the green box after the channel broke.
- It is currently located on the roof of the second channel. With the defeat of the region, it can have goals close to 1.56-1.95.
- In addition, if it can be above 1.56, it can touch the ceiling of the previous channel of 2.34.
💎 Alternative scenario: if it faces selling pressure at the top of the channel, it can continue the correction to the bottom of the descending channel in the range of 0.78 by breaking the green box.
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BINANCE:DYMUSDT
Buy EUR/JPY Head & Shoulder PatternThe EUR/JPY pair on the M30 timeframe presents a potential Buying opportunity due to formation Head & Shoulder pattern. This suggests a shift in momentum towards the Upside in the coming Hours.
Key Points:
Buy Entry: Consider entering a Long position around the current price of 167.12. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 169.38
2nd Support – 171.10
Stop-Loss: To manage risk, place a stop-loss order below 164.60. 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.
LIQUIDITY / SUPPLY MODULEHere we are focusing on (H1) time frame for EUR/USD. I'm looking for a potential sell today. Further step can be taken after confirmation. When price enter in our zone after confirmation we place our trade.
This is just my prediction ( Technical Analyze Expected Move ).
Let's delve deeper into these levels and potential outcomes.
Alikze »» ORDI | Pullback to the broken area.?🔍 Technical analysis: Pullback to the broken area.?
- It is moving in a downward channel in the daily and 4H time frames.
- In the previous post , price reversal zones were identified, which after hitting PRZ-3, the price reversed and corrected the price up to the set targets.
- At present, according to the downward behavior and structure, the price correction can be continued.
- Therefore, if this price reversal cannot lead to the failure of the region, this reversal can be a pullback to the broken structure.
- So, we expect that the price will face selling pressure in response to the supply, first the price will be corrected to $25 and then the price correction will continue until the green box.
💎 Alternative scenario: if the price can break the supply range and stabilize above it, it can navigate the second movement path and move up to the red box range and the ceiling of the descending channel.
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BINANCE:ORDIUSDT