Gold is still holding a bullish momentumHey traders,
From a daily and 4H point of view, after Gold reached 2756 and made LH 2739 and a LL 2710 and then retraced to a previous weekly level and made a break and retest then moves higher making a HH 2746. Now we should be expecting Gold to visit the 2756 again but we should be cautious of that area as the price might rejected doward 2721. Otherwise, if the price breaks the 2756 level, we should wait for a pullback then go long and seek the 2771 and 2786 new levels.
Bullish Patterns
USOIL BULLS ARE STRONG HERE|LONG
Hello, Friends!
It makes sense for us to go long on USOIL right now from the support line below with the target of 71.76 because of the confluence of the two strong factors which are the general uptrend on the previous 1W candle and the oversold situation on the lower TF determined by it’s proximity to the lower BB band.
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ADA Beautiful Range. Lower First!?Currently rejecting from the local POC. IMO it would make sense to test the untested daily level, VAL, GP below before attempting to move higher into September highs, untested monthly level and channel highs. #Cardano
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Great area to LONG & SHORT!We have found temporary support above the range POC. and weekly level. I'm expecting the local lows into POC to be swept then bounce back into VAH/Daily/GP, then VAL for a bounce to range highs. VAL can also get tested first.
#Chainlink
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Every day the charts provide new information. You have to adjust or get REKT.
Love it or hate it, hit that thumbs up and share your thoughts below!
This is not financial advice. This is for educational purposes only.
BTC Quick Update: Bull Flag Breakout in Sight, Targeting $80k!Hey everyone!
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Welcome to this quick BTC Update!
BTC is currently trading around $67.5k and moving within a bull flag structure on the 4-hour time frame. A breakout from this flag is still pending, and there’s a chance we might see a brief drop to FWB:65K on Monday before a breakout occurs.
Once this bull flag breaks, the target is set at $80k.
Entry Range: FWB:65K -$66k
Target: $80k
Invalidation: 4-hour close below FWB:65K
What do you think of BTC’s current price action? Are you seeing this bullish setup as well? Share your analysis in the comments, and let’s ride this wave together!
EURNZD bearish temporary to start big bullishIn general the price in uptrend, in short time it will correction to 1.7932 which is OB then retracement because it rebound two times from current resistance and didn't brook previous high.
Yo can sell from current price and stop loss 1.80879
Keep on mind if hit stop loss and then return and close under resistance sell it again with same stop loss.
Bitcoin Still Targeting New ATHHey there,
Just wanted to share an update on Bitcoin. Since March 2024, it has been trading within a 30% range, showing significant consolidation. I'm leaning bullish because Bitcoin has left a lot of untouched liquidity behind, and I believe it's only a matter of time before we break the all-time high.
If you've been trading the long side swings, you've likely taken profits from previous order blocks. Interestingly, most traders are ready to go long on Bitcoin above $70,000 instead of taking positions within the current range (if we break immediatly, I would also long it on my Futures Account). Personally, I'll be looking to catch two separate spot buys with different position sizes if the market breaks down. It would be great to see a new low for a better risk-reward ratio.
Best regards
AUD/USD SENDS CLEAR BULLISH SIGNALS|LONG
Hello, Friends!
AUD/USD pair is trading in a local downtrend which we know by looking at the previous 1W candle which is red. On the 17H timeframe the pair is going down too. The pair is oversold because the price is close to the lower band of the BB indicator. So we are looking to buy the pair with the lower BB line acting as support. The next target is 0.674 area.
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NZD/USD BULLS ARE GAINING STRENGTH|LONG
Hello, Friends!
We are going long on the NZD/USD with the target of 0.610 level, because the pair is oversold and will soon hit the support line below. We deduced the oversold condition from the price being near to the lower BB band. However, we should use low risk here because the 1W TF is red and gives us a counter-signal.
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