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Golden Opportunity: Key Market Supply Zone Signals Possible SellWelcome Traders! Let's dive into an in-depth analysis of GOLD and explore a possible SELL setup. we have a beautiful key market supply zone near a strong market level of $1950. This zone has previously acted as resistance as the market dropped from here a sizable 7.88%, making it a significant area to watch. To enter this setup, we can look for a potential bearish candlestick formation on the lower time frames, such as a shooting star or bearish engulfing pattern, as confirmation of selling pressure. We can also consider placing a stop loss above the supply zone and aiming for a target at the next support level. It's important to keep an eye on any potential news events or economic data releases that could impact the price of GOLD, as these could invalidate our analysis or present new opportunities. In summary, with a strong market level and key supply zone in play, a potential SELL setup on GOLD is worth considering. Keep a sharp eye on it for confirmation and be mindful of any potential risks or opportunities. Don't forget to like, comment, and follow for more updates on the financial markets!
OANDA:XAUUSD
by TheTradersAvenue
21
Trendline Breakout Creates Potential Buying Opportunity?Hello Traders Looking at the AUDUSD chart, we can see that there is a significant trendline resistance which has now turned into support after the market formed a double bottom and broke the trend line. While some might mistake this for a flag pattern and consider taking the short side, the double-bottom formation suggests otherwise, and we could potentially see a buy-entry opportunity. To enter this setup, I would wait for the market to retest the support zone near the trendline support at 0.6600. Once the market approaches this zone, we can start looking for potential buy entries. One possible entry strategy could be to wait for a bullish price action confirmation, such as a bullish pin bar or bullish engulfing candlestick pattern, to signal a potential reversal. It's important to note that trading always carries risk, and it's crucial to have a solid risk management plan in place to protect your account from potential losses. Thank you for reading this analysis. Please let me know if you have any questions or if there's anything else I can assist you with. happy trading
by TheTradersAvenue
8
ADAUSDT LongTime Frame: 4H Symbol: ADAUSDT Entry: 0.3394 TP: 0.3669 SL: 0.3240 Bias: Long It is by and large fitting to move toward speculation choices with alert and to think about various variables, including what is going on and risk resistance, prior to settling on any venture choices. It is likewise really smart to talk with a monetary expert or to direct your own examination and investigation prior to settling on any venture choices. The projections can be followed as an aide for transient open doors.
Long
by NationCryptoSignals
1
ADAUSDT LongTime Frame: 4H Symbol: ADAUSDT Entry: 0.3274 TP: 0.3554 SL: 0.3074 Bias: Long Giving continuous or future estimates for monetary markets is troublesome. It is essential to take note of that monetary business sectors are exceptionally unique and dependent upon many variables that can influence their developments. Therefore, it is unimaginable to anticipate their future exhibition with sureness precisely. We have given our all to extend plausible course on the outline.
Long
by NationCryptoSignals
Strong Sell Setup with Bearish Cypher Pattern and Key LevelHello Traders check the analysis for GBPAUD the GBPAUD is presenting a possible sell opportunity as we are currently observing a beautiful bearish Cypher pattern near the strong key market level of 1.8300. Additionally, we are at a strong supply zone where the market previously dropped 1000 points, indicating that this area may serve as a strong resistance to the price. However, due to the potential for high risk, it is recommended to wait for a retest and confirmation before entering into a trade. This will provide a good sell setup with a favorable reward-to-risk ratio. To summarize, the GBPAUD presents a potential sell opportunity due to the bearish Cypher pattern and strong supply zone. A cautious approach is advised, with a focus on waiting for confirmation to enter the trade with a favorable risk-to-reward ratio.
by TheTradersAvenue
9
GBPJPY In-Depth Analysis, Buy \ Sellanalysis for #GBPJPY Analysis for the Buy Setup: The GBPJPY pair is currently holding strong over-trendline support. Additionally, when and if the GBPJPY starts to go down to test a key trendline support level we can look for a buy we can see a bullish harmonic Bat pattern forming at the trendline support level, which is another indication of a possible reversal to the upside. This provides an excellent opportunity to consider a long position with a clear target and stop loss in mind. In terms of entry, we can look for a limit order at the completion of the Bat pattern or wait for confirmation of a bullish reversal on the lower timeframes. The stop loss can be placed just below the trendline support level to limit risk, or we can use the Bat pattern stop lose rules, while the profit target can be set at the next key resistance level. Overall, the combination of a strong support zone, trendline support, and bullish harmonic Bat pattern provides a compelling case for a potential buy opportunity in GBPJPY. Traders should remain vigilant and follow their trading plan to capitalize on this setup. Analysis for the Buy Setup: the GBPJPY soon will reach the resistance zone, and it looks like it might be a good opportunity to sell. The key market levels are also indicating a potential reversal. So, if you're feeling bearish, it might be a good time to hop in and make some pips! we can look for a double top, candle formation, as confirmation to get in a sell trade Don't forget to follow, like, and comment for more analysis and trading ideas.
by TheTradersAvenue
38
ADAUSDT LongTime Frame: 4H Symbol: ADAUSDT Entry: 0.3518 TP: 0.3781 SL: 0.3319 Bias: Long Giving ongoing or future estimates for monetary markets is troublesome. It is vital to take note of that monetary business sectors are exceptionally unique and dependent upon a large number of elements that can influence their developments. Subsequently, it is preposterous to anticipate their future presentation with conviction precisely. We have given our all to extend likely bearing on the graph.
Long
by NationCryptoSignals
USDJPY Bulls Eyeing Strong Buy Opportunity at Key Support ZoneAnalysis of #USDJPY The USDJPY has been showing signs of potential bullishness as it approaches a key support area between 130.00-131.00. The area is significant as it has served as a strong support zone in the past and is also coinciding with rising trendline support. Additionally, the key market levels around this area add further significance to the support zone. Traders looking to enter a long position on USDJPY could look for potential buying opportunities around the support zone. This could be done by placing a limit order at the support zone, or by waiting for confirmation of a bullish reversal pattern or price action. As always, It is important to keep an eye on any developments that may affect the market, such as news releases. Don't forget to like, follow, and leave a comment if you found this analysis helpful!
by TheTradersAvenue
15
EURUSD May Offer a Buying Opportunity as it Tests Key Support Hey traders! EURUSD is currently testing a Daily support zone as well as a demand zone at 1.05500. It'll be interesting to see how the Daily candle closes today. If we get a bullish confirmation, we could look for a buy entry targeting the next level of resistance at 1.06900. Remember to always manage your risk and use proper risk management techniques. Follow me for more trading insights and analysis. And if you found this helpful, give it a like and share it with your fellow traders! Happy trading!
by TheTradersAvenue
22
EURCAD > In-Depth Plan for Sell Entry..The EURCAD currency pair is showing signs of a possible sell entry opportunity as it approaches a strong resistance zone. This zone has been tested three times before and is also reinforced by a strong trend line resistance at the same level. The key market level of 1.4600-1.4620 has held as resistance in the past and we could see a bearish reaction from this zone again. To trade this setup, we can look for a sell entry once the price reaches the resistance zone at 1.4600-1.4620. We can use bearish confirmation signals such as a bearish engulfing pattern or a double top formation to enter the trade. It is also important to use proper risk management techniques and have a stop loss in place to limit potential losses in case the trade doesn't go as planned. Overall, this potential sell setup on EURCAD looks promising given the strong resistance zone and trend line resistance. Keep an eye on the price action around 1.4600-1.4620 and wait for confirmation before entering the trade. Don't forget to manage your risk and always use proper risk management techniques. Don't forget to follow me for more trading insights and analysis. If you found this helpful, please like, comment, and share.
by TheTradersAvenue
16
NZDUSD > Possible Buy Entry at Key Support LevelThe NZDUSD pair is currently trading at a very important support level of 0.6100, which has been a key level for the pair in the past. Looking at the left side of the chart, we can see that the market has bounced from this zone multiple times. This suggests that there is strong demand at this level and a possible buying opportunity. However, we need to be patient and wait for a valid confirmation on the lower time frames. A bullish reversal pattern, such as a bullish engulfing or a double bottom, would indicate that buyers are stepping into the market and ready to push the price higher. If we get a valid entry, we could potentially target the next level of resistance at 0.6200, offering a 100-pip trade opportunity. It's important to keep an eye on the price action around this key support level and wait for a clear confirmation before entering a buy trade. As always, remember to use proper risk management techniques and never risk more than you can afford to lose. Follow me for more trading insights and analysis, and don't forget to like, comment, and share if you found this helpful.
by TheTradersAvenue
22
FILUSDTAccording to the price chart, it is located in the overlapping area of ​​the Fibonacci price levels. And also the price is near a static resistance and a support trend line. According to the price pattern on the chart, the price is "probably" at the end of its corrective pattern. In my opinion, this correction pattern should end between the 11th and 13th of March. And the least I expect after the correction pattern ends is for the price to rise to the top of wave A or 1. But the main targets of this price increase are respectively $20 (100% Fibonacci extension of wave A or 1 from the bottom of the corrective pattern) and $46 (162% Fibonacci extension). And finally I see $183 (Fibonacci extension 262%).
Long
by Mr_elliottt
Bitcoin Under Pressure as Selling Continues, Testing Key SupportBitcoin has been consolidating around the 22000 level in recent days, with a potential breakout looming in the near future. However, the current price action suggests a bearish trend with selling pressure bringing the price down toward the support levels. Additionally, the pair has broken below both the 55-day and 100-day EMA, which indicates a weakening bullish trend. The next possible support level is the 200-day EMA at 21200, which could potentially provide a strong bullish reaction if the price bounces from this level. On the 4-hour chart, the price action is expected to remain bearish, with a possible continuation of the downward momentum. Traders may want to wait for a bullish confirmation before considering a long position, such as a bullish engulfing pattern or a trend line breakout. It is crucial to exercise proper risk management techniques and always consider your risk tolerance before entering any trade. Follow us for more updates on cryptocurrency trading strategies and analysis.
by TheTradersAvenue
33
⚠️Bitcoin Mid term Update 1DBitcoin is preparing to rested 22.8k as i mentioned in the previous post. Yesterday BTC restested 21.6k that was a STRONG RESISTANCE in the past 2 months which now is acting like STRONG SUPPORT. And BTC successfully retested, but failed to break below this price. Now i expect BTC to retest 22.8k. If breaking 22.8k resistance i am expecting BTC to bounce to 24.5k. And 27k, only if daily closing above 25.3k ⚠️ 27k is the final price target of this relief rally for BTC Now...now is getting even more interesting... S&P just retested the important support (and passed the retest) level which broke early in january 2023 We se a Bullish Div at S&P chart 1D which is very bullush for crypto. RSI is 39% which is good sign. As well as BTC chart we clearly see Bullish Div We need to see S&P which is the leading indicator for BTC. ⚠️Trading is about propabilities, not certainties. ⚠️Not a financial advice. ❤️Always trade with cautious.
BITSTAMP:BTCUSDLong
by MatrixCrypro