Multiple Time Frame Analysis
Futures Week 47 Monday AnalysisAs I see it the close target of both ES and NQ is the True Month Open.
On both of the True Month Open there is a gap from previous Monday in 6h chart.
The bullish movement that we had this week is supported by SMT between CME_MINI:ES1! , CME_MINI:NQ1! and CBOT_MINI:YM1! and 6h gap from previous Tuesday (Q2).
I don't see any relevant higher time frame gaps that the price can encounter until the True Month Open so my current target is that.
In my opinion CME_MINI:ES1! will get to the True Month Open first and will liquidate it, at the same time CME_MINI:NQ1! will get to a 90 minutes gap at AM session (Q3) and won't liquidate the True Month Open and we'll get a bearish SMT
xau/usd analysisHello,
This is an analysis of Gold for the current week.
Considering the full-bodied nature of the daily candlestick, the likelihood of an upward movement is very high. Therefore, in the event of a price correction, the first support level ahead is at 2711.4. With proper risk management and a stop-loss in place, we can take a low-risk long position.
This analysis is brought to you by the FXonbit Traders Team
EURUSD ANALYSISHello, have a good day❤
It is very important to read to the end...
The Euro-Dollar is completely bearish in daily times, so our long-term downward trend has been confirmed!
In the time of 4 hours, it is trending upwards, it will correct the price for the main drop, and the important thing is that the price may start the main drop from this point, or it may go higher and start the drop.
I suggest you to definitely look for confirmation in the lower times with the strategy for turning the trend.
Be successful and profitable💎💲
POLKADOT, TIME TO LEAVE THE HELLAltcoin Time: Polkadot Bullish Swing Trading
Polkadot is showing several bullish signals:
PML being disrespected
PWL being disrespected
PWH being disrespected
PDL being disrespected
PDH being disrespected
Daily Bullish FVG being respected
4H Bullish FVG being respected
4H Swing Low being disrespected
Bearish Argument:
4H Swing High is being respected
Altseason seems to be brewing, but as day or swing traders, we must remain cautious about short-term movements. Ignore the noise on social media and rely on your analysis and experience.
Risk management is everything. If you risk more than you can afford to lose, you’ll end up emotionally drained. Protect your mindset by applying proper risk management techniques.
Risk-to-Reward (RR): 5.2
Steller lumens 700% extension in 2024On the above 10 day chart price action has corrected 90% since May 2021. Will the correction continue? Unlikely. Why?
1) Price action and RSI resistance breakouts.
2) Regular bullish divergence.
3) Bull flag confirms support on past resistance. Notice the bullish engulfing candle?
4) The forecast is made from the first impulsive move. A 2nd impulsive move from the confirmation of support will see price action print to the 70 cent area.
Is it possible price action continues to correct? Sure.
Is it probable? No.
Ww
Type: Trade
Risk: You decide
Timeframe for long: Before the end of month
Return: 70 cents / 700%
Interesting facts of the week: What to expect next?Hello traders and investors!
The past week brought several interesting events that may impact the situation's development in the coming days.
The U.S. Dollar Index has reached the upper boundary of its range on the weekly timeframe at 106.952. There might be an attempt to reverse the long trend, with the idea of executing the seller’s vector within the range on the weekly timeframe (potential targets are 99.807 and 99.099).
The Euro against the Dollar has reached the lower boundary of its range on the weekly timeframe at 1.04485. There might be an attempt to reverse the short trend, with the idea of executing the buyer’s vector within the range on the weekly timeframe (potential targets are 1.12142 and 1.12757).
Gold , after bouncing off the 50% level (2538.5) of the last monthly buyer’s impulse, has broken through 2710.52, which was the beginning of the last seller’s impulse on the daily timeframe. On the weekly timeframe, there was a manipulation (false breakout) of the level where the last buyer’s impulse started (2604.39), and the weekly bar is impressive with its spread. On the one hand, there is an opportunity to look for buys, but on the other hand, a seller may appear just above in the 2721–2759 range. Let’s see who will win the battle for the 2710.52 level.
SPX500 . The buyer is defending the breakout from the range on the daily timeframe. The buyer has absorbed the seller’s attack bar from November 15 (which had high volume) on the upper boundary of the range at 5891.6. As a result, a buyer’s zone has formed on the upper boundary of the range (upper edge of the zone is 5975.6). Additionally, the price dipped below the 50% level of the last buyer’s impulse on the daily timeframe. You can look for buying opportunities if the buyer reactivates from this zone.
Good luck with your trading and investments!
ETHUSD buy (Trend, Session and Momentum)Trend:
The intention was pretty clear that buyers are stepping in.
When i saw the PA in the evening (NY session) sellers didn't step-in and no lower low was made. Going into Asia was similar the momentum is also for buyers. Took a buy into Tokyo Session (even though i know i was too early, but i am confident that sellers are nowhere to be found coz of the PA yesterday).
London session:
My thinking of this session is if we pull up in this session NY would be the same.
Momentum:
Sellers are being aped up by the buyers, if you look into the candles every time the price is jacked up sellers momentum is very weak.
Note:
Sorry for my english, it's not my first language. If you're a pinoy come follow me, i'll post my journey here.
ETH long - demand zone - multiple risk entries
Entry1 : top of the H1 demand zone
Entry2 : Middle of the H1 demand zone
Entry 1: Riskier because of the tight SL
RR: 7.58
Entry: 3155
TP: 3715 - going for breakout of the channel (green line)
SL: 3081 - just under H1 support & demand zone
Entry 2: Bottom of H1 demand zone
RR: 5.79
Entry: 3135
TP : 3885 - also breakout of the channel but with a higher target
SL : 3006 - under higher time frame support