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USDCAD: Your Trading Plan Explained 🇺🇸🇨🇦 USDCAD is consolidating on a key level. The price formed a horizontal trading range on 4H time frame. Taking into consideration that the current trend is bullish, I would look for buying the pair. Your confirmation can be a bullish breakout of the upper boundary of the range. 4H candle close above 1.3613 will confirm the violation, a bullish continuation will be expected to 1.365 level then. ❤️Please, support my work with like, thank you!❤️
Long
by VasilyTrader
13
Bitcoin is heading to 33k! (REACT FAST) We need to react to the recent price action of Bitcoin and switch from a bearish to a bullish perception, as Bitcoin is refusing to drop further and instead is building a very strong bullish base. A breakout above the bullish base is going to lead to a massive pump to 33k! I was bearish from 30k to 27k, but now I am bullish, and I am already long on several altcoins. I may add a long position on Bitcoin on the breakout of the base or on a pullback at ~26900. As traders, we need to react to price developments and alter our bias to successfully trade! Probably only a few understand this; if you do, congratulations. This should be the last pump because I am still expecting a significant crash to 21k to fill the unfilled CME gap. We are going to fill the gap soon or later, and this will be your opportunity to buy cheap Bitcoin! This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately. If you shorted Bitcoin at around 30k, as I told you in the previous analysis, now's the time to take profit and potentially open a long position if you stick with Bitcoin. So why is Bitcoin going to hit 32k or 33k? It's the FIB extension (classic + LOG) measured from 15476 -> 31000 -> 25811. This gives us targets 31741 and 33656, and I think these targets are very reasonable because I am not expecting any extended fifth wave on the major scale. From the Elliott Wave perspective, Bitcoin has finished the ABC correction successfully. Wave B was a symmetrical triangle, and we need to be aware of triangles as they occur mainly in waves B and 4. Rarely, triangles also occur in wave 2 of impulse waves. Overall, buying Bitcoin at the current price for the long term is not worth it because, on the major scale, we are in wave 1 (if you are bullish) and wave 2 is going to send Bitcoin to 21k. As I said before, there is a CME gap and a huge untested triangle. I expect tremendous gains for the ARPA coin. You can find it in the related section down below! Thank you, and for more ideas, hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
195
Apple -> Leading The RallyHello Traders, welcome to this free and educational multi-timeframe technical analysis . On the weekly timeframe you can see that Apple stock is approaching a quite obvious previous weekly resistance zone at the $180 level which is now turned resistance again. You can also see that over market structure is still massively bullish, I am also definitely expecting new all-time-highs on Apple so I am now just waiting for a short term rejection and then I do expect more continuation towards the upside. On the daily timeframe you can see that Apple stock is still creating bullish market structure with the recent break and retest of the $175 level, so there is still no sign of Apple slowing down, so I will just wait for a short term correction before I then do expect more continuation towards the upside. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
NASDAQ:AAPLLong
by basictradingtv
53
Initiating a long term bullish position in goldThis is an analysis that I hope that it ages well, as I am starting a long term position in gold today and adding this asset to my investment portfolio. Therefore, this is not a post about an isolated trade, with a specific expiration date or focused on the short-term. In fact, from a trading point of view I have already lost some great entry opportunities, since November 2022, which the asset provided. Looking back on the chart, I could see four previous entry opportunities that fit my setups. Unfortunately, I wasn't psychologically prepared to trade them and I was left out, but I will try to take some advantage of this situation and later write a study post pointing out these entries. Another post on trading psychology, This is an analysis that I hope that it ages well, as I am starting a long term position in gold today and adding this asset to my investment portfolio. Therefore, this is not a post about an isolated trade, with a specific expiration date or focused on the short-term. In fact, from a trading point of view I have already lost some great entry opportunities, since November 2022, which the asset provided. Looking back on the chart, I could see four previous entry opportunities that fit my setups. Unfortunately, I wasn't psychologically prepared to trade them and I was left out, but I will try to take some advantage of this situation and later write a study post pointing out these entries. Another post on trading psychology, fears involved, strategies to control them and analysis paralysis may also be written later (spoiler: risk sizing and embracing the risk consciously helps to tame the beast) . However, from an investment point of view, with a long-term perspective and also taking advantage of some hedging to reduce risk, it is better to buy gold late than never, or as I prefer to say, better late than too late. Because if a strong bull run starts after this breakout, I would regret not buying at the $2000 quote level. And, yes, there are indications that this may become a reality. The first indication comes from the analysis of the chart, gold prices have been stuck into a multi-year congestion between $1700 and $2000. Tipically, the longer the congestion is, the more intense its breakout and further away the target, and historically gold has been king of this setup. The $2000 level is where the price peaked during the covid crisis and the russian invasion of Ukraine. I mean, this price level is imposing a very strong limit on quotations. But we're now facing the threat of a future interest rate and expected inflation much higher than we've been used to over the last decades (since the 90s, specifically), and these things could be a real game changer for the market scenario. So, here the gold quotes are, back at the $2000 resistance level and showing strong volume near it. Of course, resistance can work once again, but we have to trade probabilities and deal with risk, and that means grabbing a good entry opportunity like this one, and accepting a loss if the signal deviates. The second indication comes from the analysis of the market cycle. All clues point to the fact that we may already be at the beginning of a secular bear market cycle, which means that expected future returns for the next years (10y average) can be near zero, single digit, or even negative. I'm not predicting some kind of crash here, it's different, this is not a single intense bearish movement, but a future outlook of low stock market growth. Using the model published by Ed Easterling in his book, Unexpected Returns, the top (thus the beginning of the end) of a secular bull market comes with high P/E's, low dividend yields, low inflation and low interest rates. This was just the scenario we had few years ago and it started to crack, first inflation got out of control (2021), then interest rates started to rise (2022) and P/E's just began to fall with last year falling quotes, but it's still on a high level, so this could just be the beginning of this cycle of low returns. With this in mind, it is important to notice that gold is often the best secular bear market asset par excellence (see the returns in the 2000s and in the 1970s periods), but so far in this newborn bear cycle, gold has yet to shine, despite the very bearish year of 2022. Considering the secular bear market hypothesis and the very long chart congestion, added to the habit of this asset to make strong breakouts, I decided to initiate a long term bullish position in gold. I made my entry using the ETF GLD. I bought the shares today, March 20th, 2023, at the market opening, @184.17. To manage my risk I also bought a bear put spread with strikes 166/165. I intend to stop the loss if this entry reaches a -6.5% loss. I've bought enough options to pay back my losses if that happens. The protection has cost me 0,8% of the position. Hopefully in the future I will post more about this position, and then I will use the GLD chart. For now, for a general approach, I prefer to do my analysis using the future contract chart.
COMEX:GC1!Long
by thessia_
Gold (XAUUSD): Your Trading Plan For Today🟡 Gold is currently testing a solid horizontal daily key level. After it was reached, the price started to consolidate within a narrow horizontal range on 1H time frame. To short with a confirmation, I would suggest waiting for a breakout of the support of the range. An hourly candle close below will confirm the violation. A bearish continuation will be expected to 1961 level then. If the price sets a new higher high, the setup will become invalid. ❤️Please, support my work with like, thank you!❤️
FOREXCOM:XAUUSDShort
by VasilyTrader
2
Rectangle on AUD/CAD @ D1This rectangle pattern on the daily chart of AUD/CAD offers two potential breakout trading opportunities (bullish and bearish). The borders of the rectangle are marked with the yellow lines. My potential entry levels are where the cyan lines are. My potential take-profit levels are at the green lines. They are based on the rectangle width - 10% for the Entry lines and 100% for the TP lines. The stop-loss can be set to the low/high of the respective breakout candle (not shown on the chart).
by AndriyMoraru
2
Crude Oil (WTI) 2 Scenarios Explained 🛢️ WTI Crude Oil is stuck between 2 solid structures. Depending on the reaction of the price to these structures, I see 2 potential scenarios. Bullish Scenario. If the price breaks and closes above 74.3 resistance on a daily, a bullish continuation will be expected to 76.57 level. Bearish Scenario. If the market drops and closes below 69.4 support, a bearish movement will be expected to 65.0 level. Wait for a breakout, it will show you the future direction of the market. ❤️Please, support my work with like, thank you!❤️
TVC:USOILLong
by VasilyTrader
8
NASDAQ 100 WCA - Rectangle Pattern Index: NASDAQ 100 Index Exchange: NASDAQ Introduction: Greetings! In today's technical analysis, we're examining the NASDAQ 100 Index on the weekly scale. Although we're not hunting for a fresh breakout, our goal here is to estimate a possible price target based on the index's recent price action and established technical patterns. Analysis: The NASDAQ 100 Index was previously in a distinct downtrend, as demonstrated by the downward-sloping blue diagonal line. This trend shifted into a consolidation phase characterized by a Rectangle pattern. The upper boundary of this Rectangle is at 12,757.70, while the lower boundary sits at 10,698.84. Each of these levels was tested twice before the price broke out to the upside on the third attempt, supported by the 200 EMA. Having witnessed a notable price increase in recent weeks, investors might be wondering where the index could potentially head next. According to the Rectangle breakout, the price target for the NASDAQ 100 stands at 14,834. This represents a potential upside of about 16.5% from the breakout point. Conclusion: For those who have yet to identify specific stocks within the NASDAQ for investment, it may not be too late. Given the recent bullish breakout from the Rectangle pattern and the calculated price target, the NASDAQ 100 Index seems to offer promising potential for continued growth. As always, remember that this analysis does not constitute financial advice, and investors should perform their own research and incorporate risk management strategies. Thank you for reading this analysis. Please like, share, and follow for more market insights. Happy trading! Best regards, Karim Subhieh
NASDAQ:NDX
by KarimSubhieh
GOLD a ''constant dance of harmony''Though gold long term bias is bullish, theres alway a rhythmic harmony between both sides. looks like gold is in a range. probable bullish continuation reversal off the demand confluence area (4hr demand zones, sell-side liquidity, order block and support) between 1957$ - 1925$. a break below this level signifies a downtrend. A retest at 1981$ - 2010$ is high probability. Future reaction is heavily dependent on upcoming economical data released from: FOMC, G7 meeting and unemployment claims. thread carefully.
OANDA:XAUUSDLong
by Pa-Niyo