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BUY XAGUSD (SILVER) - H4 and H1 Trade entries explainedTrader Tom, a technical analyst with over 15 years’ experience, explains his trade idea using price action and a top down approach. This is one of many trades so if you would like to see more then please follow us and hit the boost button.
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What’s Flowing: AUDUSD Short (CONCLUSION)The AUDUSD is demonstrating a bearish breakdown, aligning with the current downward momentum. The pair has recently breached key support levels, with selling pressure increasing in the highlighted zones.
Key Observations:
1. Price Action: The pair is trading below critical resistance areas, moving toward the lower bounds of the channel.
2. Bearish Momentum: Clear signs of sellers dominating, with the price rejecting upper levels and closing near session lows.
Strategy:
Traders looking to capitalize on this movement can monitor the following:
• Short Entries: Ideal near minor pullbacks into resistance zones around 0.6480–0.6520.
• Targets: Downside levels near 0.6440 and below, depending on momentum strength.
• Stops: Tight stops above the 0.6520 resistance for effective risk management.
Stay cautious of any reversals or macroeconomic events impacting the Australian Dollar. For more refined strategies, reach out for insights tailored to managing AUDUSD flows effectively.
What’s Flowing: XAU/AUD Bullish MomentumKey Observations:
1. Support Levels Hold:
• XAU/AUD has established strong support near 46,800 AUD, forming a base for a potential rebound.
2. Trend Reversal Indications:
• Volume Profile Analysis indicates buyers stepping in around the Point of Control (POC), confirming accumulation in the lower range.
• A breakout above 47,637 AUD highlights bullish momentum gaining strength.
3. Bullish Targets:
• Short-term target: 48,253 AUD, aligning with the Value Area High (VAH).
• Extended target: 50,000 AUD, should momentum sustain.
4. News Flow Insights:
• Positive sentiment in gold markets due to global uncertainties and potential rate adjustments.
• Market talk highlights consistent buying, especially in regions with heightened demand like India and China.
5. Risk Management:
• Stop Loss: Below 46,800 AUD.
• Take Profit: Incrementally at resistance zones (48,253 AUD, 50,000 AUD).
Context:
XAU/AUD reflects a favorable environment for safe-haven assets amidst global market uncertainties. Gold’s bullish seasonal trend adds strength to the outlook.
This is an excellent opportunity for traders and investors seeking upside exposure. Stay tuned for updates!
USDJPY FORECASTOne of my favorite pair for today, everything is looking good from the higher timeframe to the lower timeframe. We need to wait for the confirmation. Traders! your ability to stay patient waiting for the higher probability zones will improve your trading and take you to the next levels. Don't feel that the market will go without you. The market always communicates.
TRON is the leading large altcoin this cycle!!TRX was especially strong this bear market. It was able to steady itself from falling too far. Similar more to Bitcoin then other alts like Solana. TRX fell around 74% in the bear market like BTC. SOL fell more like 94%.
TRX now 150% above old highs and SOL below old highs.
This is not to take anything away from SOL but comparing TRX to the other strongest alt this cycle. I suspect SOL might end up following TRX in a TRX like breakout from its old 2021 highs.
TRX has been able to capture a key part of the crypto market in being a chain for stablecoin transfers and is trying to expand into more typical defi areas.
Silver Market Update The silver market is looking quite interesting right now! Here's a breakdown of the key insights:
📊 Daily Chart Highlights:
• Silver is stabilizing above its 200-day moving average at 2918.
• It's also holding steady above the 61.8% retracement of the entire move up from August, located at 2971.
• The daily RSI shows divergence, signalling a loss of downside momentum.
📈 Historical Patterns:
• If we compare this to the last correction (May–September), we see a similar pattern where the market held above its 200-day moving average and 61.8% retracement. History might be repeating itself!
🌥️ Long-Term Perspective:
• The weekly chart looks strong, with the cloud providing support for weekly price movements.
⚖️ Gold/Silver Ratio:
• Signs of failure at the longer-term downtrend (dating back to August 2022) add weight to the bullish outlook.
💡 What This Means:
The combination of technical support levels, momentum indicators, and historical patterns suggests we may be gearing up for a recovery in the silver market.
📌 Watch closely for potential upside movement!
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GOLDON fundamental footnote newyork session took price to test 2655 after finding her support from 2637 intraday ascending demand floor.the supply roof of 2655 came from a programmed ascending trendline which stopped price in London session expect more selling in coming days as buying is capped on sentiment.
On 1hour we are still trading below price ,buyers are capping ,because i know there is no liquidity for upswing. Price will deep below 2600 to reset the market
BULLISH STRUCTURE NEAR BREAKOUT - $110,000 - $120,000 NEXT (?)As shown, price could breakout of the ascending structure that has been forming for the last 2 weeks.
The longer the market consolidates, the stronger the breakout will be in any direction it decides to take.
Based on the trend and projection, there could be a second bullish impulse toward ATHs near $120,000 by the end of December (or before).
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Enjoy the video,
GOOD LUCK !
GOLDON fundamental footnote newyork session took price to test 2655 after finding her support from 2637 intraday ascending demand floor.the supply roof of 2655 came from a programmed ascending trendline which stopped price in London session expect more selling in coming days as buying is capped on sentiment.
On 1hour we are still trading below price ,buyers are capping ,because i know there is no liquidity for upswing. Price will deep below 2600 to reset the market.
From $2k Resistance to $10k Momentum: My ETH/USD Strategy RevealIn this video, I dive deep into ETH/USD price action and chart analysis as we revisit predictions from months ago. Watch how the market has followed my call nearly to the dollar, with a touch at the $2k zone and resistance near the previous ATH. With 170% returns still on the table, I'll share my thoughts on the bullish momentum and how it aligns with previous cycles. Could ETH/USD truly shoot toward $10k? Join me to uncover the strategies and insights behind this swing trading setup, and see how to capitalize on the current market momentum.
XrpUsd - The beginning of the end?BITSTAMP:XRPUSD is actually attempting to invalidate my long term bullish case scenario.
Trading cryptocurrencies in general is not easy. You always experience two digit moves in single days and drops of -10% are never easy to digest. Looking at the higher timeframes is key though, also on XrpUsd. XrpUsd is still trading in the triangle formation and retesting the last bullish inflection point. My general optimism tells me that we will see a bullish rejection here.
Levels to watch: $0.42
Keep your long term vision,
Philip - BasicTrading
SMCI to $60? When?!?In this video, I use the Magic Linear Regression Channel , Multi VWAP , and Magic Order Blocks indicators to build a case for a $60 SMCI target. In short, it might be a few months away. Using a linear regression channel starting on May 8th, 2024, and ending October 29th, 2024, we can see that the channel is respected at multiple levels.
In today's trading, we see a rejection from the Inner Fibonacci Level - Upper in the Magic Linear Regression Channel tool. I was expecting this a few days ago based on the projected channel.
With the Multi VWAP indicator we see that the price is currently above the 5-Day anchored VWAP (AVWAP). It can potentially continue to hold that and go through some consolidation before heading back to the top of the channel. At which point, it could reject or consolidate more.
I suspect that with the accounting issues behind them, SMCI price will continue to recover. However, above the upper channel lies the year-to-date anchored VWAP, which should be at around $60 by the time SMCI can get there. This will be a level of interest.
On the daily chart, we see that the 5D AVWAP gets respected with a bottom wick on the 15min chart that tags it almost perfectly at around $39. We also see an order block acting at support at that same level using the Magic Order Blocks indicator. That gives us further evidence that we could potentially have the 5D AVWAP holding price up as support during a period of consolidation.
Should SMCI continue its bullish momentum, there are two potential areas of consolidation - if not outright rejections - at the Inner Fibonacci Upper level and at the upper linear regression band. If it makes it through, the next target will be the YTD AVWAP.
Metals & Miners Are About To EXPLODE HIGHER (50%-100%+)Please don't miss this opportunity.
I've been studying the metals charts, and last weekend, the SILJ chart caught my attention.
I started looking at longer intervals (Weekly and Monthly) to see what I could find.
XME and SILJ are showing excellent Inverted Excess Phase Peak patterns that may resolve as a breakaway upward price trend over the next 8 to 24+ months - sending both XME and SILJ over 40-50% higher at a minimum.
This sounds crazy, but Metals and Miners are probably the best opportunities for swing position trading right now as hedge investments and/or very long-term options play.
There is nothing else out there that has a 100-200% rally potential and the ability to hedge against global risk factors.
I believe SILJ, XME, Gold, Silver, & Platinum will likely be HUGE WINNERS over the next 12-24+ months.
Get some.
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