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USD/CAD Trade Setup: Long Position from Fibonacci Golden PocketI've entered a long position on USD/CAD, using the Fibonacci retracement for my setup. The entry is based on the golden pocket level, a key area between the 61.8% and 65% retracement levels, which often acts as strong support. Although I've been underwater on this trade for a while, I'm still confident in the strength of the golden pocket. My stop loss is strategically placed below this level at 1.37115 to protect against further downside. I'm targeting the 0.382 Fibonacci level for my final take-profit at 1.38110. I'm also considering adding to my position if we get a four-hour close above the EMA on the 4-hour chart, which would further confirm the bullish setup. I'll keep you posted as the trade develops.
Long
by CryptoHydro
Gold Trade Setup: Short Position on Ascending TriangleI've identified an ascending triangle on the gold chart and have taken a short position from the top of the range. My entry is at 2,443.506 with a stop loss placed just above the triangle at 2,446.460. Ascending triangles typically signal a bullish breakout, but I've positioned for a potential pullback or false breakout. My stop loss is set conservatively above the triangle to protect against any upside breakout. I'm aiming for a favorable risk/reward ratio by shorting at resistance, with plans to take profits at the 15-minute EMA level, which is currently at 2,436.7. I'll update as the trade progresses.
OANDA:XAUUSDShort
by CryptoHydro
GBP/AUD Short, USD/CAD Short, NZD/USD Long and GBP/CHF ShortGBP/AUD Short Minimum entry requirements: • If area of value tapped into, risk entry after a 1 hour rejection from it. USD/CAD Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of value. • If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it. NZD/USD Long Minimum entry requirements: • Tap into area of value. • 1H impulse up above area of value. • If tight 5 min continuation follows, reduced risk entry on the break of it. • If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it. GBP/CHF Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of value. • If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
by StewySongs
SPECUSDT.P-Bull flag Specusdt.p Bullish Setup: Bull Flag Breakout The SPECUSDT.P pair has formed a classic bull flag pattern, and we've just seen a breakout above the structure at 6.008. While this is a promising sign, I’m waiting for a 4-hour candle close above the flag to confirm the breakout before entering a long position. Entry: Watching for confirmation above 6.008. Stop-Loss (SL): Below the EMA at 5.879. Take-Profit (TP): Targeting 6.749. This setup offers a good risk-to-reward ratio, with a well-defined SL and TP. Always manage your risk accordingly.
Long
by CryptoHydro
EURUSD analysis week 33Fundamental Analysis EUR/USD traded sideways above the round-figure support of 1.0900 in New York trading on Friday. The ECB is expected to cut interest rates two more times this year as the Eurozone economy struggles and price pressures are on track to return to the desired 2%. However, ECB officials have yet to commit to a predetermined rate-cutting path as they expect a path towards the central bank's 2% target. The US dollar (USD) consolidated in a narrow range, with investors focused on the extent to which the Federal Reserve (Fed) will cut interest rates at its September meeting. Looking ahead, the next trigger for the US dollar will be the US (US) Consumer Price Index (CPI) data for July, due out on Wednesday. Technical Analysis GBPUSD continues to trade within an ascending channel with the nearest support and resistance in the price range of 1.100 and 1.074. On the H4 timeframe, the EMA 34 has crossed above the EMA 89, indicating that the market structure is starting a new uptrend in line with the current price channel with the highest Resistance at the peak of the beginning of this year around 1.112. On the other hand, any daily close above the support level of 1.075 would confirm that EURUSD could break the ascending channel and move towards the support level of last month around 1.062. Resistance: 1.100-1.112 Support: 1.075-1.062 Trading Signals SELL EURUSD zone 1.100-1.102 SL 1.104 BUY GBPUSD zone 1.075-1.073 SL 1.071
by TVS-Trader
SPX are we bullish or bearish? The S&P 500 closed the weekly firmly. Finally putting in a high volume reversal, has the SPX bottomed here? One thing is for sure we are still putting in higher highs & higher lows on the weekly time frame. Until we see the markets give us that lower weekly high its still a tough market to short. We think about the decline in semis and megacaps after earnings...all eyes will be on NvDA near end of month. The markets have a strong chance at staying buoyamt into NVDA earnings.
SP:SPX
by Trading-Capital
AUD/NZD Short, GBP/CHF Short, EUR/JPY Short and GBP/JPY ShortAUD/NZD Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of value. • If tight 5 min continuation follows, reduced risk entry on the break of it. • If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it. GBP/CHF Short Minimum entry requirements: • 1H impulse down below area of value. • If tight 5 min continuation follows, reduced risk entry on the break of it. • If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it. EUR/JPY Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of value. • If tight 5 min continuation follows, reduced risk entry on the break of it. • If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it. GBP/JPY Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of value. • If tight 5 min continuation follows, reduced risk entry on the break of it. • If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
Short
by StewySongs
AIDOGE/USDT NEW BREAK POSSIBLITYAIDOGE/USDT shows the low time frame possibility for new volume which can affect the price for an uptrend. ( depend all on high chance) There are no guarantees in the markets. The new increase volume updates always start with interest if there is a confirmation to follow and if there is a building with a hold for a time. 90% of coins this time are not building coins. Some % also show a start fake trend and return to where it started. time frame confirmation + high levels building is important for a healthy coin. high chance for new rbeak
Long
by SatochiTrader
Gold slightly increased on August 8☘️Fundamental Analysis Gold prices gained some positive momentum on Thursday and snapped a four-day losing streak, despite a lack of follow-through and remaining below the $2,400 mark heading into the European session. Meanwhile, the lack of bullish sentiment warrants some caution before positioning for any meaningful upside move, although the fundamental backdrop appears to be tilted heavily in favor of bullish traders. Investors remain concerned about the economic slowdown in China and the possibility of a recession in the United States. This, coupled with escalating geopolitical tensions in the Middle East, will act as a bullish driver for Gold prices. Furthermore, expectations of more rate cuts by the Federal Reserve (Fed) put US Dollar (USD) bulls on the defensive and confirmed the positive outlook for gold prices. ☘️Technical Analysis Gold continues to trade within the price range of 2380 and 2415. Gold needs more catalysts to break out of this price range. On the chart, we can see that the price is clinging to the EMA 34 in a downtrend. To achieve the bullish condition, gold first needs to close the candle above the 2400 area. Pay attention to the price reaction zones to have the best trading strategy. Breakout upper band: 2391 - 2400 - 2406 Breakout lower band: 2381 - 2375 - 2365 Resistance: 2397 - 2400 - 2406 - 2420 Support: 2381 - 2375 - 2370 - 2365 - 2352 - 2345 SELL zone 2405 - 2407 stoploss 2411 SELL zone 2420 - 2422 stoploss 2426 BUY zone 2373 - 2371 stoploss 2367 BUY zone 2347 - 2345 stoploss 2341
OANDA:XAUUSD
by TVS-Trader
EUR/USD Short, GBP/JPY Short, AUD/NZD Short and GBP/CHF ShortEUR/USD Short Minimum entry requirements: • If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it. GBP/JPY Short Minimum entry requirements: • 1H impulse down below area of value. • If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it. AUD/NZD Short Minimum entry requirements: • If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it. GBP/CHF Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of value. • If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
Short
by StewySongs
1
CLEAR WYCKOFF METHODLegendary technician Richard Wyckoff wrote about financial markets in the early decades of the 20th century at the same time as did Charles Dow, Jesse Livermore, and other iconic market analysis figures. His pioneering approach to technical analysis known as the Wyckoff Method has survived into the modern era. It continues to guide traders and investors in the best ways to pick winning stocks, the most advantageous times to buy them, and the most effective risk management techniques to use.
Long
by FineMei
2
GOLD SELLAs last we have witnessed a heavy news week as it was ending of month and quarter too but as the month starts and everything gets normalized Gold is following its direction and being directional means gold is following its bearish path as we have a rally downwards last week and gold has made a Fibonacci retracment of 68.1% on one Hourly time frame also gold is rejecting its Daily and 4H Resistance and getting accumulated over it so its high probability that gold will start its downward journey soon so am keeping an eye and waiting for a price action so we can enter
OANDA:XAUUSDShort
by Wakeel_Saab
GBP/NZD Short, USD/CAD Short and EUR/USD ShortGBP/NZD Short Minimum entry requirements: • 1H impulse down below area of value. • If tight 5 min continuation follows, reduced risk entry on the break of it. • If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it. USD/CAD Short Minimum entry requirements: • Break above area of value. • 1H impulse down below area of value. • If tight 5 min continuation follows, reduced risk entry on the break of it. • If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it. EUR/USD Short Minimum entry requirements: • 1H impulse down below area of interest. • If 3 touch 15 min continuation or 2 touch 15 min continuation with 3 touch structural approach follows, 5 min risk entry within it, or reduced risk entry on the break of it.
Short
by StewySongs
EUR/NZD Short and USD/CAD ShortEUR/NZD Short Minimum entry requirements: • 1H impulse down below area of interest. • If tight 5 min continuation follows, reduced risk entry on the break of it. • If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it. USD/CAD Short Minimum entry requirements: • If tight 5 min continuation, reduced risk entry on the break of it. • If tight 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
Short
by StewySongs
GBPUSD ( INSIDE DESCENDING CHANNEL ) (4H)GBPUSD HELLO TRADERS Tendency, the price is under down ward pressure , until trade below turning level at 1.281 . Upward Zone : In order to see an increase, the price needs to break the turning level at 1.281 , to reach resistance levels (1) around 1.285 , then breaking resistance level (1) it indicates to reach of a resistance level (2) at 1.293 , then stabilizing above resistance level (2) indicates to reach of a resistance level (3) at 1.303 a strong resistance level inside strong supply zone . Downward Zone: Provided until the prices trade below the turning level, it indicates a reach of the support level (1) at 1.270, then breaking this level with a 4h or 1h open candle below is likely to reach the support level (2) at 1.262 , this two level called support zone it is very strong zone because inside accumulation area . Corrective level :Price may make a correction at 1.281 , before dropping . TARGET LEVEL : RESISTANCE LEVEL : 1.285 , 1.293 , 1.303 . SUPPORT LEVEL : 1.270 , 1.262 .
Short
by ArinaKarayi
VOLTAS AnalysisThe chart provided is of VOLTAS LTD on a weekly time frame (1W) from TradingView, showing various price levels and targets based on Fibonacci retracement levels and projections. Here's a detailed analysis and summary: Key Components: 1. Price Levels: - Current price: 1,490.75 - High: 1,559.85 - Low: 1,481.95 - Close: 1,490.75 2. Fibonacci Retracement Levels: - 0.618: 1,312.35 - 0.5: 1,205.05 - 0: 750.20 3. Target Levels: - Target 1: 1,659.85 - Target 2: 2,222.05 (1.618 Fibonacci extension) 4. Significant Support and Resistance: - Historical support around 750.20 - Significant resistance at the high around 1,559.85 - Perfect retracement noted historically, which acted as a support level. Analysis: - The stock has experienced a strong uptrend from the retracement level of 750.20 to its current level. - The recent price action has breached the Fibonacci retracement levels of 0.5 and 0.618, indicating a bullish momentum. - The first target is set at 1,659.85 , suggesting a potential continuation of the uptrend. - The second target, based on the 1.618 Fibonacci extension, is projected at 2,222.05 . Summary: The chart for VOLTAS LTD indicates a strong bullish trend with potential upside targets at 1,659.85 and 2,222.05 . The stock has already surpassed key Fibonacci retracement levels, reinforcing the bullish outlook. The significant support level at 750.20 and historical retracement patterns provide a solid foundation for the current uptrend. The price movement suggests that if the current resistance around 1,559.85 is decisively broken, the stock could aim for the targets mentioned above.
NSE:VOLTASLong
by The90sTraderOfficial