Beyond Technical Analysis
SHORT AUDUSDKeeping in line with the current bear trend, I would anticipate price looking to reach for levels below 0.62672. Currently short in profit at 42 pips, total target would be for 150. Although we've been ranging for the past two weeks, price has slowly but steadily been shifting downwards. A key area of interest was taken out when we crossed below 0.63500, no real bullish pressure resulted after reaching below that level. Take note that bullish volume strength has been significantly lower compared to the bearish levels. My take is this market is going to keep trending downwards a bit more. Let's see what the next couple of weeks has in store!
CELH - Reload opportunity?As per my last post on CELH, we built enough demand to hit our HTF supply at $32. Successful trade an outlook there. Now after an expected rejection at that HTF supply, we are back at our flip zone which was a strong resistance level now looking to turn into support. With a strong reaction off of this zone we may have another opportunity to at least retest the $32 supply and continue to attempt to break it.
Happy Trading :)
NU - Value Play of the DayObviously a lot can change within the next 20 minutes as Powell prepares his monologue... But just a value play here with NU Holdings - they've shown extremely strong growth over the past few quarters and I believe they continue that growth into next year when the market heats up again. Looking to average into a position here within the $9.50-$10.50 range.
Happy Trading :)
Satoshi- Over time, everything diminishes, including opportunities.
- You won't achieve the same percentage gains as those who joined in 2011.
- However, when you calculate and compare these numbers with inflation, you'll find yourself consistently on the winning side.
- One day, people won’t measure value in BTC anymore. They’ll measure it in Satoshis.
- It's still early, secure your financial freedom.
Happy Tr4Ding !
Pre FOMC View and a follow up on the USDJPYCheck out the Previous Bias on the Pair and follow through, Still expecting high volatility in the market and I believe this volatility could come from the FOMC Release.
Do well to take some partials from the second entry @154.50 and leave the rest based on our risk well calculated. Do the same on the GBPUSD Buy positions
Patience is the way! Ieios
Unlock Hidden Profits: Pro-Level ETH/USD Price Action TechniquesBITSTAMP:ETHUSD @Alexgoldhunter Price Action Analysis and Strategy
Key Levels and Zones
Order Blocks (OB):
Upper OB: Around 4,020 USD
Lower OB: Around 3,830 USD
Break of Structure (BOS):
BOS Level: Around 3,830 USD
Change of Character (CHoCH):
CHoCH Level: Around 15th, 16th, and 17th of the month
Fibonacci Retracement Levels:
0.786 Level: 3,984.661 USD
0.705 Level: 3,962.3925 USD
0.618 Level: 3,952.993 USD
0.5 Level: 3,930.75 USD
0.382 Level: 3,908.507 USD
Fair Value Gap (FVG):
FVG Level: Around 3,830 USD
Volume Profile:
High volume areas around key levels, indicating strong interest and potential support/resistance.
Buy Strategy
Entry Point:
Consider entering a buy position near the lower OB around 3,830 USD, especially if the price shows signs of reversal or bullish candlestick patterns.
Stop Loss:
Place a stop loss below the lower OB, around 3,800 USD, to limit potential losses.
Take Profit:
Target the upper OB around 4,020 USD or the Fibonacci levels for potential profit-taking.
Sell Strategy
Entry Point:
Consider entering a sell position near the upper OB around 4,020 USD, especially if the price shows signs of reversal or bearish candlestick patterns.
Stop Loss:
Place a stop loss above the upper OB, around 4,050 USD, to limit potential losses.
Take Profit:
Target the lower OB around 3,830 USD or the Fibonacci levels 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
USDJPY new bullish for expect
FX:USDJPY trend based analysis, we having in period from 1.12 - 9.12 ROUNDED BOTTOM pattern visible, price is make break of same and confirmation of same (yellow line) and its make short bullish push, currently price in consolidation, its on strong ex. zone 151.800 (violet line).
What here expecting after todays and past events in this week, still looks like we will have strong USD and here exepcting to see new bullish push.
SUP zone:151.450
RES zone:154.550, 155.050
Microsoft (MSFT): What’s Next? Will It Break $455.34 Morning, Trading Family! Let’s Talk About Microsoft (MSFT): Will It Break $455.34 or Head Lower?
Microsoft’s stock is at a key level, and the next move could set the tone for what’s ahead. The magic number right now is $455.34. Will we see a breakout to new highs, or could the price dip lower before bouncing back? Let’s break it down step by step so everyone’s ready!
If Microsoft Breaks Above $455.34
If the stock moves above $455.34 and holds steady, it could signal that buyers are in control.
What could happen?
The price might head up toward $460 or even $465. These levels could be the next spots where the stock takes a breather.
What should we watch?
Look for strong movement above $455.34 with good trading volume (lots of action). If the price quickly dips back below, it could mean the breakout isn’t real yet.
How can we trade it?
If the price holds above $455.34, it might be a good time to think about buying with a target around $460. Just make sure to use a stop-loss in case the trade doesn’t go as planned.
If Microsoft Drops Below $455.34
If the stock struggles to stay above $455.34, we could see a pullback.
The first key level:
Watch $449. This is the next area where buyers might step in to stop the price from falling.
If $449 doesn’t hold:
The price could drop further, landing somewhere in the $443–$438 range, where stronger support is likely.
How can we trade it?
Be patient! If the price dips, wait for signs that it’s stabilizing at a support level before making any moves.
What If the Price Drops Below $438?
If MSFT falls below $438, it could mean the stock is turning more bearish. At that point, we’ll need to step back and reassess the trend.
Tips for Today’s Trading
If you’re bullish: Wait for the price to break and hold above $455.34 before jumping in.
If you’re bearish: Watch for a clean break below $449 for potential short opportunities.
Always: Use stop-losses to protect yourself and trade with a plan!
Bottom Line:
The $455.34 level is the line in the sand. If we break above, it’s good news for the bulls. If not, we could see a dip to $449 or lower.
Kris/ Mindbloome Exchange
Trade What You See
Opening (IRA): EWZ January 17th 23 Short Put... for a .71 credit.
Comments: Here, I'm just trying to reduce my cost basis in my shares of stock (which is kind of an "ugh" at 31.65), so looking to take assignment at $23/share. Because of this, I will look to run this all the way to expiry, at which point I either get assigned or it expires worthless.
Metrics:
Break Even/Buying Power Effect: 22.29
Max Profit: .71
ROC at Max: 3.19%
WTI - Short is now in the Short Sell ZoneLooking for an entry now to go short on WTI.
Stop loss will be above the previous high on the higher timeframe, and take profit will be lower down, potentially at the lower green zone, where I will then look for a buy position.
I am also watching the volume footprint to understand whether the order flow is slowing down, and the sellers are starting to take over. That is my final green light to short WTI on this trade.
Scalping! XAU! Waiting for gold price to BREAK from trendSCALPING XAU / USD
⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold price (XAU/USD) stays under pressure during the early European session on Wednesday but manages to hold above the one-week low reached the previous day, showing limited follow-through selling. Expectations of a less dovish Federal Reserve (Fed) continue to support higher US Treasury bond yields, creating headwinds for the non-yielding yellow metal. However, USD bulls appear cautious, holding off on making strong moves ahead of the pivotal FOMC decision.
⭐️Personal comments NOVA:
Moving sideways in 2 trendlines, M30. Leaning towards breaking the uptrend and waiting for today's interest rate cut results.
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2645 - $2643 SL $2640 scalping
TP1: $2650
TP2: $2655
TP3: $2660
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order.
⭐️NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
Lightcoin back down to the most recent cycle trend line Sub $120After an explosive mid day, lightcoin jumped to $130 from a low of $114 USD per coin only to sink back down to Sub $118 per coin later in the evening. Looking at the trend line this cycle, lightcoin has stuck closely to this area. The question is... will it break down or will we see a repeat of the last two cycles with a jump to over $420 per coin. For long term holders of LTC this cycle, a run to $420 would be a massive profit.
The talk of an ETF may do the trick or is it an attempt to revive a dying alt-coin. As they say, buy the rumor, sell the news.
For me, I have to say, with a jump and then drop like what happened today makes me think twice about purchasing this coin. It could make you rich, or make you broke. Trade with caution.
Good luck all.
Trading minute impulseOn the minute timeframe of XAUUSD at the moment we have the completion of the impulse formation. If the price continues to move in the direction of the impulse and the support zones do not allow it to overcome the base of the impulse, it may reach the targets 1 and 2. If the price fails to advance in the direction of the momentum and overcomes the support zone at the base of the momentum, it is very likely that the price will move sideways or against the direction of the momentum.
How to Trade Lower Liquidity Festive MarketsWith the festive season upon us, there tends to be a natural decline in trading activity as many market participants step away to enjoy the holidays. This change in rhythm creates unique market dynamics, offering traders an opportunity to observe and adapt to a different set of conditions.
Liquidity often decreases during this time, which can influence price behaviour, spreads, and volatility. Understanding these shifts can help you approach the markets with greater awareness and flexibility, whether you decide to trade actively or simply observe from the sidelines.
What Happens in Lower Liquidity Markets?
Lower liquidity means there are fewer buyers and sellers actively participating in the market. As a result, price movements can become less predictable. Even a relatively small order can cause larger-than-expected moves, creating the potential for heightened volatility.
Spreads—particularly in less-traded instruments—may also widen, increasing transaction costs. This is something to keep an eye on, especially if you trade in smaller-cap stocks, emerging market currencies, or commodities with seasonal demand swings.
However, it’s not all about increased volatility and wider spreads. Lower liquidity can also bring periods of calm to typically active markets, especially in the absence of major news or data releases.
Adapting to the Festive Markets
The key to navigating festive markets is adaptability. Here are some practical tips to help you stay on top of your trading this Christmas:
1. Focus on Major Markets and Instruments
During periods of reduced liquidity, larger markets like major currency pairs or blue-chip stocks tend to remain more stable than smaller, niche instruments. Staying with these higher-liquidity markets can reduce the risk of unexpected price swings.
2. Be Selective with Trades
The festive season isn’t the time to chase every opportunity. Instead, focus on high-quality setups and avoid overtrading. Patience can be your biggest asset when market conditions are unpredictable.
3. Adjust Your Risk Management
Lower liquidity markets can lead to greater volatility, which means a single price move might reach your stop-loss or take-profit levels more quickly than expected. Consider adjusting your position sizes or widening your stop-loss levels to account for this. That said, any changes to your risk management approach should align with your overall trading strategy.
4. Keep an Eye on Key Levels
In quieter markets, price tends to gravitate towards well-defined support and resistance levels. These levels often become even more significant, as fewer participants can break through them.
5. Pay Attention to News Events
Even during the festive season, economic data releases and news events can spark movement. With fewer participants, the impact of these events may be amplified, so it’s worth staying informed.
Useful Indicators for Festive Markets
Using technical indicators can provide added clarity in lower liquidity conditions. Here are some tools to consider:
• ATR (Average True Range): ATR can help you gauge market volatility. During low-liquidity periods, rising ATR values may signal increased volatility, while falling ATR values might indicate a quieter market.
• Volume: Monitoring volume is crucial to understand the strength of price moves. During the festive period, lower volume is expected, but an unusual spike can indicate genuine interest in a breakout or trend.
• Anchored VWAP: Anchored VWAP (Volume-Weighted Average Price) is a helpful tool for identifying key levels where trading volume has concentrated. Anchoring the VWAP to significant events, such as the start of the festive trading period, can provide dynamic support or resistance levels.
• Keltner Channels: These are particularly useful for managing trades. Setting Keltner Channels to 2.5 ATR around a 20-day exponential moving average (standard settings) can help identify overextended moves. For instance, if the price breaks above the upper channel in a long trade, it may be a good signal to take profits into strength.
Example: S&P 500
On the S&P 500, we can observe some classic festive market behaviour. While daily volume has remained steady, ATR has been declining since Thanksgiving, dropping to levels not seen since the summer. This suggests the market is consolidating near broken resistance—a key level—aligned with the Keltner Channel’s basis.
Just below this area lies the VWAP anchored to the November swing low, creating a zone of confluent support that could attract higher levels of liquidity.
S&P 500 Daily Candle Chart
Past performance is not a reliable indicator of future results
Summary:
The festive season introduces a unique set of market conditions that can challenge even experienced traders. Whether you choose to trade actively or observe from the sidelines, understanding how reduced liquidity affects price behaviour is key to navigating these quieter markets.
By focusing on major instruments, refining your risk management, and leveraging key technical indicators like ATR, volume, Anchored VWAP, and Keltner Channels, you can adapt to the rhythm of the season and make the most of what the markets offer during this period.
Disclaimer: This is for information and learning purposes only. The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance. Social media channels are not relevant for UK residents.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 82.67% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
USDCAD: Consolidation Phase Towards The TrendHey Traders, in today's trading session we are monitoring USDCAD for a buying opportunity around 1.42800 zone, USDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.42800 support and resistance area.
Trade safe, Joe.