Potential trade setup on BRTUSDWe are looking at a short trade on BRTUSD based on the stretch strategy. There is trend and direction alignment with this trade. Trade has taken out the upper stretch but higher timeframes trend and direction is to the downside. We will take the trade with a higher probability towards opposite stretch level being taken out. We will exit the trade once range has been achieved.
Trader Order Details:
BRTUSD(Short)
E - 71.55
SL - 72.43
T - 70.40
We will be tracking this move and updating the post as we go along on the charts and on video. Keep a look out for it traders.
Multiple Time Frame Analysis
Adventure Gold (AGLD) to $3On the above 1-day chart price action has fallen 95% since last October. A number of reasons now exist to be bullish, including:
1) The ‘incredible buy’ signal.
2) Price action and RSI resistance breakouts.
3) Point 1 & 2 are also true for the BTC pair (see 1-day chart below)
4) Price action just printed a higher low on the golden ratio. Fantastic.
Is it possible price action falls further? Sure.
Is it probable? No.
Ww
Type: trade
Risk: <=6% of portfolio
Timeframe: 1 to 3 months
Return: 10x from IB signal
1-day btc chart
EURNZD: Bullish Move From Support Confirmed 🇪🇺🇳🇿
EURNZD nicely reacted to a daily horizontal support.
First, the price started to consolidate within a narrow range
after its test.
Then a bullish movement initiated and the price violated both
the resistance of the range and the upper boundary of the falling wedge pattern.
We can expect more growth.
Goal - 1.7964
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XAU/USD 13 November 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bearish.
-> Internal: Bearish.
Analysis/bias remains the same as yesterday's analysis dated 12 November 2024.
Price has printed a bearish iBOS followed by a bearish BOS. This is in-line with all HTF's requiring a pullback.
Intraday Expectation: Price to indicate bullish CHoCH to indicate bullish pullback phase initiation. Bullish CHoH positioning is denoted with a blue dotted line.
Note: Due to the Fed’s softer stance and ongoing geopolitical tensions, we should remain mindful that volatility in Gold is likely to persist.
H4 Chart:
M15 Analysis:
-> Swing: Bearish.
-> Internal: Bearish.
Analysis/bias remains the same as yesterday's analysis dated 12 November 2024.
As mentioned in my analysis dated 8 November 2024 that I would not be surprised if price printed a bearish iBOS.
Price Action Analysis: This is how price printed, printing a bearish iBOS followed by a bearish BOS.
Price has printed a bullish CHoCH indicating bullish pullback phase initiation. We are now trading within an established internal range.
This is in-line with all HTF's need for a pullback.
Intraday Expectation: Price to trade up to either premium of internal 50% EQ or M15 demand zone before targeting weak internal low priced at 2,589.725.
Note: With the Fed's softer policy stance and escalating geopolitical tensions, elevated price volatility is likely to persist.
M15 Chart:
EURUSD - markets are waiting for the CPI!The EURUSD currency pair is below the EMA200 and EMA50 in the 4H timeframe and is moving in its medium-term descending channel. In case of an upward correction to the release of the CPI index today, we can see the supply zone and sell within those zones with the appropriate risk reward. The placement of this currency pair in the specified demand zone will provide us with the opportunity to buy it.
According to sources, the United Kingdom and the European Union have decided to intensify their efforts to draft and implement a joint defense treaty in response to Donald Trump’s victory in the U.S. elections. Meanwhile, German Chancellor Olaf Scholz emphasized the importance of close relations with the United States and insisted on deepening EU-U.S. cooperation, particularly in trade. He stated, “If the Trump administration decides to impose tariffs on the EU, we have both the authority and the capacity to respond accordingly.”
Robert Holzmann, Governor of the Austrian Central Bank and a member of the European Central Bank’s Governing Council, recently spoke with the newspaper Kleine Zeitung about the possibility of a rate cut in the December meeting. He noted that currently, there is no reason to avoid a rate cut, but this does not mean it will definitely happen.
Holzmann stressed that the final decision will be made after receiving the latest forecasts and economic data in December, adding, “There is currently nothing opposing a rate cut, but that does not mean it will automatically take place.”
In other developments, Japanese investors in September recorded their highest purchase of German government bonds since 2018, while continuing to avoid French bonds due to concerns over France’s financial situation. According to Japan’s balance of payments data, released on Monday, Japanese investors acquired a net 859.6 billion yen ($5.6 billion) of German bonds in September. Japanese funds also sold French government bonds for the fifth consecutive month, marking the longest selling streak since 2022.
Today’s Consumer Price Index (CPI) report, the first key U.S. economic data post-election, has garnered market attention. While inflation data has been of lesser significance in recent months, this report may impact trading sentiment, especially if the downward inflation trend faces setbacks. The monthly core inflation rate is expected to come in at around 0.30 percent, while the overall monthly inflation is expected at approximately 0.21 percent. Additionally, core annual inflation is likely to hold steady at 3.3 percent, while the overall annual rate could rise to about 2.6 percent.
In the absence of surprises, today’s report is not expected to trigger significant market reactions; however, any upward surprises may have a larger impact. Currently, there is about a 63 percent probability of a 25-basis-point rate cut in December.
Barclays Bank now forecasts only one 25-basis-point rate cut by the Federal Reserve next year, a shift from its previous forecast of three such cuts in 2025. This adjustment follows recent developments, including Donald Trump’s election as U.S. president and the latest meeting of the Federal Open Market Committee (FOMC).
Meanwhile, Goldman Sachs has updated its own projections for the Fed’s monetary policies next year, expecting the U.S. central bank to initiate quarterly rate cuts starting in March 2025.
XAGUSD. Trading opportunityHello traders and investors!
Let's look for trading opportunities in silver.
Daily Timeframe (TF)
On the daily TF, the price has formed a range (sideways movement) that began in April. The upper boundary is at 32.5185, and the lower boundary is at 26.0185. The buyer's vector from point 8 to 9 has hit its target of 31.755 and successfully broke above the upper boundary of the range. However, the seller returned the price back into the range. The current vector of the seller is from point 9 to 10, with a potential target of 26.471.
We are now seeing an attempt by buyers to reverse the price upwards. The price came close but didn't quite reach 30.12, the start of the last sub-impulse of the buyer on the daily TF, which is likely to attract the price. It's better to look for selling opportunities on the daily TF from the seller’s defense of the key seller's candle (highest volume) when the price returns to the range. This level is at 32.16.
Hourly Timeframe (TF)
On the hourly TF, there is a long trend following accumulation in a range. The defense level of the breakout from the range is 30.6445. Locally, it is possible to look for buy opportunities from the buyer’s defense zone between 30.84475 and 30.821. Targets should be set nearby, such as the local high. It's possible the buyer could reach up to 32.16.
Good luck with your trading and investments!
Gold- In search for a bottomTrading OANDA:XAUUSD has been nothing short of a roller coaster since early October.
Initially, it seemed like the rally might never end, but now the drop is unfolding in a similar manner.
Although I anticipated a strong decline, I’ll admit that I didn’t expect it to be quite this steep.
Gold has now fallen 2,000 pips from its all-time high, and to me, it’s clear that the 2,800 level is likely to hold for a while.
However, the outlook for the downside remains uncertain. The price has broken below several key support zones and even briefly tested levels below the 2,600 mark.
On a positive note for the bulls, each dip below 2,600 has been met with a quick reversal, which may suggest a false breakout.
Whether this holds true is still unclear and requires confirmation—a move back above 2,620 would be a positive signal, potentially setting 2,660 as the next target.
On the downside, there is significant support at 2,525, although recent rebounds from 2,600 make it unlikely this level will be tested in the coming days (though with this level of volatility, anything is possible).
In summary, I am currently out of the market but will be watching closely for clear signs of a bottom to confirm a new buying opportunity.
XAUUSD. Waiting for the opportunity to buyHello traders and investors!
Yesterday, the price interacted with the 2604.39 level. The daily candle had increased volume, which could indicate buyer interest.
On the hourly timeframe, there is a sideways range. If the price breaks above the upper boundary of 2617.125 and the buyer successfully defends this breakout, it may be a good opportunity to look for buy positions. It would be wise to monitor how the price handles the 2627.235 level, as a seller might appear there.
These would be aggressive buy positions. Conservatively, it makes more sense to look for buy opportunities after the buyer absorbs yesterday's daily seller candle on the daily timeframe.
The previous detailed analysis can be found in the related post.
Good luck with your trading and investments!
ASHOKLEY NSE BULLISH FLAG&POLE DTF/WTF SWING/POSITIONAL ASHOKLEY NSE Stock Analysis
Trade Plan:
Entry: 50% of the total quantity at 216 DTF Close, with an additional 50% added at 242 DTF Close Price.
Stop Loss: 201
Target SWING: 264 ATH ,
Target 1: 275
Target 2: 310
Hold for a period of SIX months to TWO year or until the target 2 is reached.
Chart Pattern:
The stock had a nearly Four Month Bullish Run and now Retraced to 50% FIOBR in about a month Forming a Bullish Flag and Pole Pattern ,during the bull run it touched an all-time high (ATH) of 264. The Flag structure has been broken on the upside with a strong bullish candle a couple of days ago and a fair retracement yesterday.
Technical Indicators:
The stock’s daily timeframe (DTF) shows that the price is currently trading above the 20-day exponential moving average (EMA) and below the 50-day EMA. The EMAs are in Transition stage of alignment. A potential bullish trend in formation on the DTF/WTF timeframe.
Volume Analysis:
There has been a surge up of volumes on the buy side for a few weeks now. There Decline in the sell volume indicating a potential reversal shortly.
Prioritize Watch List:
Keep this stock in your watch list for further analysis and potential trading opportunities.
Disclaimer: This information is solely for educational and reference purposes. Trading inherently carries risks, and it’s crucial to exercise caution and conduct comprehensive research before making any investment decisions. Make sure you have a well-defined risk appetite, proper position sizing, and a stop-loss order based on your risk tolerance. Review your Portfolio periodically. Exit positions when the price closes 7-8% below your entry point or Earlier basis your Risk profile. Consider re-entering the market when the trend reverses.Before engaging in any trading activities, it is paramount to thoroughly comprehend these technical analysis concepts and conduct extensive research on the stocks you are interested in. Furthermore, consulting a certified financial advisor can offer valuable insights and guidance before making investment decisions.
Technical Analysis Concepts:
Multiple Time Frame Analysis (MTFA):
Daily Time Frame (DTF): Used for short-term analysis and identifying trends.
Weekly Time Frame (WTF): Provides a broader perspective and helps in trend confirmation.
Monthly Time Frame (MTF): Ideal for long-term analysis and trend analysis.
All-Time High (ATH): The highest price reached on a specific chart.
Lifetime High (LTH): The highest price reached over the entire chart’s history.
Stop Loss (SL): A predetermined price level at which an investment is automatically exited to limit potential losses.
Swing Trade: A trading strategy that involves holding positions for a significant period, typically few weeks to months.
Positional Trade: A trading strategy that aims to capitalize on long-term trends and position oneself accordingly.
CHART PATTERNS
Rounding Bottom Cup/Handle (RBC&H): A pattern that signals a potential reversal from a downtrend.
Breakout (BO): A price move closure above a resistance or below a support level.
Flag & Pole BO: (F&P BO) Bullish Continuation Pattern
Consolidation : Price Typically Swings between a Range for a period of Time Long or Short basis the MTFA. Breaking out of this range UPWARDS is an opportunity to BUY and DOWNWARDS is SELL opportunity.
Moving Averages:
Exponential Moving Average (EMA): A popular moving average that places more weight on recent price data.
Volume-Weighted Moving Average (VWMA): A moving average that gives more weight to high-volume stocks.
Fibonacci Retracement/Extension:
Trend-based Fibonacci Retracement: Used to identify potential support and resistance levels during re-tracements.
Trend-based Fibonacci Extension: Used to identify potential breakout levels during extensions.
DOGEUSDThi
For now, we don't have any positive signal and the best case is to wait; If the $0.12172 resistance range is completely consumed, we can expect a break of the descending channel and an uptrend.
But now, due to maintaining the downward channelized movement, the probability of the continuation of the downward trend is higher.
What do you think?
XAU/USDS 12 November 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bearish.
-> Internal: Bearish.
Price has printed a bearish iBOS followed by a bearish BOS. This is in-line with all HTF's requiring a pullback.
Intraday Expectation: Price to indicate bullish CHoCH to indicate bullish pullback phase initiation. Bullish CHoH positioning is denoted with a blue dotted line.
Note: Due to the Fed’s softer stance and ongoing geopolitical tensions, we should remain mindful that volatility in Gold is likely to persist.
H4 Chart:
M15 Analysis:
-> Swing: Bearish.
-> Internal: Bearish.
As mentioned in my analysis dated 8 November 2024 that I would not be surprised if price printed a bearish iBOS.
Price Action Analysis: This is how price printed, printing a bearish iBOS followed by a bearish BOS.
Price has printed a bullish CHoCH indicating bullish pullback phase initiation. We are now trading within an established internal range.
This is in-line with all HTF's need for a pullback.
Intraday Expectation: Price to trade up to either premium of internal 50% EQ or M15 demand zone before targeting weak internal low priced at 2,589.725.
Note: With the Fed's softer policy stance and escalating geopolitical tensions, elevated price volatility is likely to persist.
M15 Chart: