'GBPJPY' Big Profit So , as we can see that now every time GBPJPY breaks its high it falls 8000 pips somewhere which is marked in it chart now what you guys have to do for the trade is that wait for GBPJPY to break its latest high and then go up for at least 1% then you have to see for LH LL and then enter the trade and after the new high the market will fall and a high chance that it will fall for 8000 pips or more than that because of the interest rate decision and we all know that banks don't buy at tops but they sell it on top and buy at bottom so guys be with them and win.
If there is any doubt or advice the comment and if you do like my idea , trade or plan then give it a boost and try to trade this plan and do try this on your chart too you will understand the move and the trade I planned.
Analysis on - 1D time frame
PRO TIP - For people who are stuck in GBPJPY shot i have a tip for you guys that you guys have to keep and eye on Japan interest rates because it's the factor which is driving the price of GBPJPY and try to get a buy when market falls again for 8000 or 9000 pips and try to hedge you ACC and then whenever market breaks the new highs then you guys have to take a small risk and open a trade at the new top after seeing the LH LL and cut the buy you guys took at the bottom which will help you recover your ACC
Shortsetup
Missed Idea shark pattern AUDJPY short setupThe same applies every time I look for entries with that shark pattern, I first look for an ABC PATTERN. Then set the fib tool to identify pull backs.. sit and wait for the market to give me a signal and take the trade.
I've passed funded accounts with this method and still doing it. i usually aim for a 1:2 or 1:8 RR it really depends
USDCAD !!! 31/1/24 TREND DOWN ! SELL NOW ⭐️ Smart investment, Strong finance
⭐️ USDCAD INFORMATION:
During the early Asian session on Wednesday, the USD/CAD pair ends its four-day losing streak. The recovery of the pair is supported by positive US job openings and consumer confidence data, which contribute to the strengthening of the US dollar (USD). The focus is now on the Federal Reserve (Fed) monetary policy meeting scheduled for Wednesday, where no changes in interest rates are expected. Currently, USD/CAD is trading at 1.3405, showing a 0.04% gain for the day.
Unexpectedly, the number of available jobs in the US increased in December to 9.026 million, as reported by the Bureau of Labor Statistics on Tuesday. This marks the first time that job openings have surpassed 9 million since September. In addition, the Conference Board Consumer Confidence index rose to 114.8 in January, compared to the previous reading of 108.0, reaching its highest level in two years.
⭐️ Personal comments NOVA:
The long-term price range is still in a DOWN trend, the next bottom is gradually lower than the previous bottom. Touching the trendline sets up a SELL signal. CAD economic data also does not have much important information
⭐️ SET UP PRICE:
🔥SELL USDCAD zone: 1.34200 - 1.34350 SL 1.34800
TP1: 1.33900
TP2: 1.33600
TP3: 1.33300
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL 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
- The winner is the one who sticks with the market the longest
USDJPY|FIRST LONG THAN SHORT!We see the USDJPY in the one-hour time frame.
In the upward trend that was previously in the form of an upward channel, this channel has broken down and broken its support level.
In the continuation of its downward trend to enter sales positions.
Important areas of supply and demand are drawn on the chart.
In the returns to the supply areas that I have drawn, enter sell positions with confirmation.
My target for long positions is the supply area of 147.50.
For short positions, the demand area is 146.70.
NZDCHFNZDCHF is trading in descending channel and printing consistent LLs LHs. Recently the price is broken the important support zone and now retesting the broken level, which is also the reasonable retracement level.
If the sell momentum continues the next target could be 0.5240
What you guys think of this idea?
Short on US30 US30 has broken out to the downside of an ascending wedge with the trendline going back to the start of November with bearish RSI divergence. Entry on break of support and target at next resistance level @ 36300, I will also keep an eye out for a fib retrace level @ 34200. Happy trading.
Gold price is recovering, this week ⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
The price of gold (XAU/USD) is unable to take advantage of the previous day's strength above the 50-day Simple Moving Average (SMA). Instead, it is moving within a narrow trading range during the Asian session on Tuesday. Despite remaining below the $2,040-2,042 supply zone, the precious metal is still within a familiar trading range as traders await more clarity on when the Federal Reserve (Fed) will begin cutting interest rates before making any new bets. As a result, all eyes will be on the outcome of the highly-anticipated two-day FOMC monetary policy meeting scheduled to be announced on Wednesday.
As investors prepare for the significant risk associated with the central bank event, they are reducing their expectations for a more aggressive Fed policy easing in 2024 due to the resilience of the US economy. This is seen as a major obstacle for the non-yielding gold price. However, declining US Treasury bond yields are providing some support. Additionally, the escalating crisis in the Middle East is expected to limit the downside for gold as it serves as a safe-haven asset. Traders are now focusing on the Prelim GDP data from the Eurozone and the US macro data, including the Conference Board's Consumer Confidence Index and JOLTS Job data.
⭐️ Personal comments NOVA:
Gold price increased before federal and NF interest rate information this week, expectations of recovery this week are very high
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2012 - $2010 SL $2005
TP1: $2020
TP2: $2028
TP3: $2038
Note the Scalping BUY support zone 2022-2024
🔥SELL GOLD zone: $2048 - $2050 SL $2055
TP1: $2044
TP2: $2038
TP3: $2030
⭐️ 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
- The winner is the one who sticks with the market the longest
GBPUSD Possible Triangle BreakHi Traders!
A symmetrical triangle is forming on the GBPUSD 4H chart, and we could have a breakout soon.
Here are the details:
The market has found support and resistance at both the trendline support and trendline resistance of the triangle, as the market is looking for a direction.
Looking at the price action, it looks bearish; we have had multiple tests at the trendline support and have broken below the 20 EMA. The market is currently trading on the trendline support, and we are looking for a break and a close below the trendline.
As long as the market stays below the 20 EMA, our view will remain bearish. We expect some more consolidation before a possible attempt at the trendline break.
Preferred Direction: Sell
Technical Indicators: 20 EMA
Resistance: 1.26947
Support: 1.27674
Please make sure to click on the like/boost button 🚀 as your support greatly helps.
Trade safely and responsibly.
XAUUSD 100% CONFIRM ANALYSISDiscover an enticing Selling opportunity in GOLD as it undergoes a critical retest of a key resistance area. With market analysis, technical indicators, and price action as your allies, evaluate the potential downside move. Stay vigilant and informed to capitalize on this precious metal's market dynamics.
GJ major sell possibilityGoing over the current market structure it has rejected the continuation of the uptrend 5 times in my marked up zone.. that being said I think we might be in for a major move down.
I have marked my entry below the lows of the liquidity areas and my stops halfway up the highs to minimize risk but still allowing the market to grab liquidity before moving bearish.
*Other scenario would be if the market passes my marked zone we could be in for a continuation of an uptrend*
Gaps up into long term ResistanceGaps are for buying and selling right? Well, this gap is right into a 52 week resistance level, with all 6 timeframes decently overbought. Looking short here with first target at 75. This thing moves slowly so i'll revaluate whenever we get there. A move to 77 would not be ideal, allowing for a potential break and bounce of this POC level, giving some potential to longer-term continuation.
Gold price is still supported, waiting for PCE news⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Furthermore, the most recent political changes in the Middle East have resulted in a resurgence of non-profitable metal prices following the Houthis' assault on two American-flagged Maersk vessels that were under the protection of the US Navy.
Overall, those involved in the gold trading industry are preparing themselves for the upcoming announcement of the Federal Reserve's favored measurement of inflation, the Personal Consumption Expenditures (PCE) Price Index for December. This release is of particular importance as it precedes the monetary policy decision to be made by Fed Chairman Jerome Powell and his colleagues next week.
⭐️ Personal comments NOVA:
Gold price is still trying to maintain the 2010-2020 price range in the face of increasing selling pressure from investors due to information that the FED will lower interest rates in 2024.
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2002 - $2005 SL $1995
TP1: $2008
TP2: $2014
TP3: $2020
🔥SELL GOLD zone: $2029 - $2031 SL $2036
TP1: $2024
TP2: $2019
TP3: $2014/b]
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL 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
- The winner is the one who sticks with the market the longest
#AUDCADIn the 4-hour period, it is moving in an ascending channel, which can correct its previous wave up to 61.8 and then enter the correction phase of its previous wave. Therefore, if there is a reaction in the specified limits by forming a negative divergence in the macd oscillator, the return wave can continue up to the green box range. In addition, the return wave should not enter the range of the yellow band, in which case the analysis will be invalidated.
Gold price is trending DOWN with GDP news⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
During the Asian session on Thursday, the price of gold (XAU/USD) has slightly increased and recovered some of the significant losses from the previous day. However, there is a lack of strong bullish momentum. The US Dollar (USD) is struggling to take advantage of the rebound it experienced from a one-week low and is still below its highest level since December 13, which was reached on Tuesday. These factors, combined with the potential for further escalation of military action in the Middle East, are providing support for the safe-haven precious metal.
⭐️ Personal comments NOVA:
Gold price after the 2019 breakout, Gold price will continue to fluctuate below this zone and prioritize the upcoming DOWN trend, today's GDP news is also supporting that.
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2000 - $2002 SL $1992
TP1: $2008
TP2: $2013
TP3: $2020
🔥SELL GOLD zone: $2022 - $2024 SL $2029
TP1: $2015
TP2: $2008
TP3: $2000
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL 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
- The winner is the one who sticks with the market the longest
LTC Update - 25.01.2024 / Short setup4 hour chart:
I see the coin moving in a full downward oof through withdrawal of internal liquidity, structure breakdowns, FF imbalances and mithigating bts zones.
At this point I'm considering two POIs for a set of shorts positions:
1. Daily FVG that broke local structure to short (Only through confirmation on ltf in the form of nascent off / structure breakdown)
2. Block order zone + ind (Also only through ltf confirmation)
Market maker left enough compression behind the lows to deliver price on the downside, so we just have to wait for rebalancing in POI and trade pattern formation!
Not financial advice, always think with your head! ❗
EUR/ JPY !! 25/1/2024 Trendline , touch EMA SELL NOW⭐️ Smart investment, Strong finance
⭐️ Personal comments NOVA:
The price is in a very nice downward trendline, along with touching the EMA, setting up a SELL signal
⭐️ SET UP EUR/ JPY PRICE:
🔥SELL zone: 160.800 - 160.950 SL 161.300
TP1: 160.510
TP2: 160.210
TP3: 159.820
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL 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
- The winner is the one who sticks with the market the longest
Mock Up Price Action for BTC | Near-Mid Term (12HR)Mock Up Price Action for BINANCE:BTCUSDT | Near-Mid Term (12HR)
- Watching and waiting for THE opportunities to enter short
- Anticipating highly volatile but still overall bullish upcoming week into end of month January before early February and throughout a proper market correction and pullback of BTC and top 200 ALTs
- Accumulating small and micro cap ALTs to hedge against market correction/pullback period to begin in earnest within the next 30 days and lasting up to and through the BTC halving event in April
- KUCOIN:VELOUSDT KUCOIN:VRAUSDT KUCOIN:TELUSDT BITTREX:BAXUSDT KUCOIN:BLOKUSDT are some of my main picks, in order of preference, all of which with massive profit potential within the next 90 days
- With any luck, these small/micro cap ALTs will run over the next 75 days, while BTC and the rest of the broader market top 100-200 ALTs by market cap take a nose dive into the dirt and cool down for a while
- End result, flush with profits from small/micro cap plays, at time when my primary investment interest coins like OKX:CSPRUSDT and BINANCE:XRPUSDT are at discount prices, for the last time, before the Crypto bull market starts in earnest May/June timeframe
Personal Approach & Base Chart Setup
- Stacked Parallel Channels for Grid of Confluence Points
- High Time Frame (HTF) Fib Extensions, Retracements, & Time Cycles
- Red Filled Horizontal Rectangles between areas of major Fib level from Extensions and Retracements
- Teal Filled Horizontal Rectangles are areas of major support and price points for further DCA long order accumulation
- Price Label Callout with Red Circle highlighting points of interest where I'd consider making a trade
- I will consistently monitor and adjust taking into consideration long/mid/near term price action and market conditions/news
Additional Remarks
I don't think BTC is done yet. I think that the CME Futures on BTC that are set to expire end of month, have too much money on the table with bets around 50k and 60k. I think we're in the midst of bear trap soon to be turned to be bull trap, and a ridiculously volatile period up and down with retail traders positioned to get hit hard. I'll be on the sideline steadily accumulating my top 40 altcoins list to be held for the next 8 to 12 months. For my portfolio right now leading into the next 90 days, I currently have a heavier skew in active positions for Small Cap and Micro Cap ALTs like VELO VRA BAX and TEL which we know and have seen time and time again always perform well when broader market as a whole starts to pull back and money flows out of large and mid caps in the top 200, into guess what, small and micro caps that underperformed the market till now. Once a heavy market correction begins, nothing will be immune, and I'd expect all things to pull back.. However I believe these small and micro cap alts poised for bullish runs through April/May, will not be hit as hard, and will most certainly bounce back faster, harder, and likely this bounce back will kick off in earnest very big bullish movements for these.
My Top Picks to Weather the Impending Storm
VELO
INVERSE VELO
VRA
INVERSE VRA
BAX
INVERSE BAX
TEL
INVERSE TEL
Palantir: Reverse Gear and next targets 🚴📉Analyzing Palantir Technologies from its count starting in December, 2022, we've seen the development of a 5-wave cycle, concluding with the overarching Wave (1).
Currently in a Wave (2) correction, the complexity lies in an overshooting flat. A closer look reveals the start with a downward A using an overshooting flat, followed by a WXY towards an ABC correction for the overshooting Wave B.
Now, a five-part correction downwards is expected for Wave 5/C/(2).
Anticipated to fall between 50% and 78.6%, it must be below the Wave A, given the overshooting nature of Wave B.
Consequently, our crucial buying zone is situated between $12.50 and $8.75. 🚀