EUR/USD Analysis Summary:Price & Pattern: EUR/USD at 1.08397. 4H chart shows double top rejection, followed by resistance breakoutโbearish indication.
Technical Implications: Pattern suggests potential bearish reversal, favoring sellers.
Demand Zone: Approaching demand zone, but bearish bias persists.
FOMC Impact: Pending FOMC news could strengthen USD (DXY index)โfurther downside pressure on EUR/USD likely.
Anticipated Movement: Downside risk prevails, especially post-FOMC, aiming for bearish targets.
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The most important rule in trading, is to respect you plan ๐ง Hello Traders!
Risk management primarily involves minimizing potential losses without sacrificing upside potential. This is often borne out in the risk/reward ratio, a type of cost-benefit analysis based on the expected returns of an investment compared to the amount of risk taken on to earn those returns.
XAUUSD: Gold technical analysis todayGold, the longtime safe-haven asset, experienced a notable rally, surpassing the psychological barrier of $2,060 an ounce on Tuesday. This increase is likely due to a combination of factors, with market participants closely monitoring developments in the US economy, especially with regard to inflation and possible cuts. Federal Reserve interest rate cuts.
From a technical standpoint, . The previous resistance area that limited gains at 2050-2060 has now turned into support. I recommend looking for buying opportunities on a pullback to retest the previously broken resistance level, which is also confluent with the 61.8% Fibonacci retracement and the ascending trendline acts as cross support for gold. I see resistance around 2090 as the first potential target and also a test of the all-time high
GOLD: Gold price trend todayThe technical outlook for gold is quite optimistic, especially when the FED's actions are showing that they will have a high possibility of cutting interest rates. That will have a positive impact on gold.
Gold in today's session will increase to the 2070 threshold, but then will decrease again. Optimism about gold price increases is still very promising, when investors are betting that the FED will move to cut interest rates.
EURUSD :Analyze market strategies todayThe Euro continues to strengthen as Martins Kazaks, member of the Governing Council of the European Central Bank (ECB), highlighted the need to maintain current interest rates over the long term. However, he suggested that the first interest rate cut could materialize around mid-2024. This statement strengthened the Euro's position as the commitment to maintain interest rates was seen as a maintenance measure. the power of money.
From the chart below, we can see that EUR/USD has moved away from the 200 Day Moving Average, which shows that the pair is currently trending very strongly, so it is best to focus on buying and not sold. Selling would be a higher risk counter-trend method. EUR/USD has a key resistance level at 1.05000. Personally, I think EUR/USD will head towards that price level before any pullback.
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$LRC/USDT weekly and daily candles seem primed for a potential pump! ๐ Considering a buy? Well, it's up to youโwhether it's in the future or spot, it's all about your happy mood and risk management. We're here to share experiences and ideas. Enjoy these free signals, and may the markets bring you joy! ๐๐ฐ #CryptoTrading #SignalAlert
EURGBP SELL | Day Trading Analysis Hello Traders, here is the full analysis.
Watch strong action at the current levels for SELL. GOOD LUCK! Great SELL opportunity EURGBP
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NZDUSD SELL | Day Trading Analysis With Volume ProfileHello Traders, here is the full analysis.
Watch strong action at the current levels for SELL. GOOD LUCK! Great SELL opportunity NZDUSD
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Patience is the If You Have Any Question, Feel Free To Ask ๐ค
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AUDCAD BUY | Day Trading Analysis With Volume ProfileHello Traders, here is the full analysis.
Watch strong action at the current levels for BUY . GOOD LUCK! Great BUY opportunity AUDCAD
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NZDCAD BUY | Day Trading Analysis With Volume ProfileHello Traders, here is the full analysis.
Watch strong action at the current levels for BUY . GOOD LUCK! Great BUY opportunity NZDCAD
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Bitcoin analysis in the next hoursIn the next few hours, the market is in a phase of uncertainty that could lead to a period of ranging, which is when prices fluctuate within a specific range without following a clear trend. This scenario is quite common on weekend days, when trading volumes tend to be lower due to the closure of many financial institutions. However, it is important to note that during these periods, the market may react unpredictably, especially if "whales", i.e. large investors or traders, decide to take action.
There is an expectation that significant movements could occur on Sunday, just before the markets open. But as traders, we must remain cautious and wait for clear signals before making decisions. One of these signals could be the breaking of an upper resistance. If prices manage to overcome this level, it could be an indicator to consider long positions, i.e. aim for prices to rise.
On the other hand, if we see a high volume move down towards the previous lows, we may start to consider bringing attention to possible short position openings. However, it is important to emphasize that we should be patient and wait for further confirmation before taking action.
A key element to consider is the New York markets opening on Mondays. Often, this trading session can lead to significant movements in prices and volumes. The direction in which the weekly candle closes could have a significant impact on trading decisions and the overall direction of the market.
XVG/USDT - Market Alert! ๐ป๐ **Recent Highs, Possible Lows**: XVG/USDT is currently at a peak, but signs indicate a potential bearish trend ahead. ๐
๐ฐ **Trade Cautiously**: If you decide to trade, consider using only 3-4% of your funds. Choose between spot or futures based on your preference.
๐ **Bitxer's Insight**: We're sharing Bitxer's experience with you. Enjoy this free signal, and make informed trading decisions!
Remember to exercise caution and conduct your analysis before trading. Good luck! ๐๐ง
๐ COMP/USDT Signal Alert: Balancing Act! ๐Critical Levels to Watch:
๐ Breakout Point: $50.14
๐ฅ Bullish Targets: $54.58 and $57.22
๐ป Bearish Zone: Below $46.47, with potential drops to $37.35 or $36.27
๐๏ธโ๐จ๏ธ Analysis: COMP/USDT is at a pivotal juncture. Keep your eyes peeled for these key levels:
๐ข Bullish: If it breaks $50.14 and holds a 15-minute candle above this level, we're aiming for the skies!
๐ด Bearish: On the flip side, a drop below $46.47 could send us on a downward journey.
๐ข Trade Strategy: Patience is key! Set your alarms at $50.14 and $46.47. Once triggered, make your move. Enjoy the ride!
Bitxer's insights are your guide to navigating the crypto seas. ๐๐
๐ *Bitxer Signal Alert ID# 284-5*๐ *Bitxer Signal Alert ID# 284-5
๐ *Trade Direction:* Long โฌ๏ธ
๐ *Entry Point:* NOW
๐ NEOUSDT Alert: Bullish Vibes! ๐
NEOUSDT is once again dancing around the $7.14 support level, a zone known for catapulting prices higher. ๐ฑ
Historical data reveals a recurring pattern:
๐ฏ First Target: $8.12
๐ฏ Second Target: $8.30
๐ฏ Third Target: $8.50
This trend has proven reliable time and time again. Whether you prefer futures or spot trading, Bitxer offers insights drawn from a wealth of experience. ๐
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The VIX: A Measure of Market FearThe VIX, or Volatility Index, is a measure of the expected volatility of the S&P 500 index over the next 30 days. It is calculated using the prices of options on the S&P 500 index. A higher VIX indicates that market participants are expecting more volatility in the future, while a lower VIX indicates that they are expecting less volatility.
The VIX is an important tool for investors because it can help them understand how risky the stock market is. A high VIX indicates that the market is expected to be volatile, which means that there is a greater chance of large price swings. This can make investing more risky, but it can also create opportunities for profit.
The VIX is also correlated with the S&P 500 index. This means that the VIX tends to move in the opposite direction of the S&P 500. When the S&P 500 falls, the VIX tends to rise, and when the S&P 500 rises, the VIX tends to fall. This correlation is not perfect, but it is strong enough to be useful for investors.
The VIX can be used in a variety of ways by investors. Some investors use the VIX to assess the risk of their portfolios. Others use the VIX to trade volatility, either by buying or selling VIX futures contracts. Still others use the VIX to hedge against risk in other assets.
The VIX is a complex and volatile asset, but it can be a valuable tool for investors who understand how to use it.
Here are some additional things to keep in mind about the VIX:
The VIX is not a direct measure of the volatility of the stock market. It is a measure of the expected volatility, which means that it is based on the opinions of market participants.
The VIX can be affected by a variety of factors, including economic news, political events, and natural disasters.
The VIX is not always accurate. It can sometimes overshoot or undershoot the actual volatility of the stock market.
Despite its limitations, the VIX is a valuable tool for investors. It can help investors understand the risk of the stock market and make informed investment decisions.
I hope this post is helpful.
This analysis represents my thoughts at the date it is posted.
This analysis does not represent professional and/or financial advice.
You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other content found on this profile before making any decisions based on such information.
Only a few days left before rocket! Latecomers are not welcom ๐
LTC coin continues its slow upward movement for past 7 months, while most of crypto market is in a bear market.
The main reason for growth of this coin is next halving, which will happen in about 2 months.
Check out BINANCE:LTCUSDT chart, which shows almost the entire trading history for this coin.
As you can see, the price of LTC started to rise a few months before the halving:
1. Halving 2015.
The price started rising 126 days before the halving. Moreover, the price grew for 77 days and then went to correction for 49 days. After that, there was a halving.
2. Halving 2019.
The price started rising 238 days before the halving. Moreover, the price grew for 189 days and then went to correction for 49 days. After that, there was a halving.
3. Halving 2023.
The price started rising 280 days before the halving. The rest of the data is still unknown.
With the naked eye, there is a clear trend that the price is rising before the halving.
However, this year the price of the coin is in no hurry to grow, and there is not much time left!
Even more interesting is that each cycle of the beginning of growth before the halving comes later.
But what remains unchanged in history is that the beginning of the growth correction comes 49 days before the halving.
Also note that pre-halving growth is historically over 500%!
Ticker: $LTC/USDT
Buy market order: 92,5$
Goals: 105$, 132$ , 180$
Growth potential: up to 200% by the end of the year.
Write in the comments on what other assets you want to get an analysis ๐
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Why do most traders end up losing moneyThis question is quite scary, but if you are a novice and see this question, congratulations, you are on the right path of trading.
The most important lesson to learn before entering the financial markets is risk expectation.
You can ask yourself, how much money do you want to make from trading? Is your goal asset appreciation, or a small fortune?
If a trade loses money, will it affect your own life?
Is your own character able to stop losses in time, or do you have no self-control?
After asking these questions, we decide whether to enter the financial market.
So why do the vast majority of traders lose money?
1. Because of the particularity of the financial market.
I believe that many friends have heard of the 28 rule. For example, in the distribution of wealth in our society, 20% of people control 80% of social wealth; 20% of people will persist in encountering difficulties, and 80% of people will give up when encountering difficulties.
The rule of 28 is ubiquitous in life, and it also determines what kind of people will succeed and what kind of people will fail.
As for the financial market, it is crueler than real life, because there are no rules in this market, only human nature, so the financial market even surpasses the rule of 28, and less than 10% of people may make profits. In the face of money, most people want to make a big fortune with a small amount, and want to turn around by trading, so those who have stable personalities, strong self-control, low income expectations, and money in their hands are silently harvesting these people who are eager for quick success.
Some people may say that the world is inherently unfair, and those who hold funds can only survive because of the capital.
Actually no. We Xiaosan hold small funds, and we can achieve low return expectations, or we can do it slowly, but how many people are just anxious to make money? Just want to make a big difference with a small one? Just donโt regard money as money, and think itโs a big deal to take a gamble, and if itโs gone, itโs gone?
So it has nothing to do with the amount of capital, but has something to do with people. In financial markets, human nature is the rule.
2. Too many people are dominated by human nature.
As I said before, there are no rules in the financial market, and human nature is the rule.
Trading is a very anti-human thing. Human nature is greedy for comfort, averse to risk, afraid of losing, feeling that one's level is higher than others, hating giving and learning, impatient, etc., which will be infinitely magnified in trading.
There is a saying in the trading industry that trading can be profitable, mentality accounts for 70%, and technology accounts for 30%. In actual combat, it seems that it is not difficult for traders to see the market correctly, but it is very difficult to complete this wave of market and make profits. Why?
I give two examples.
For example, the problem of stop loss in trading.
Seeking advantages and avoiding disadvantages is a characteristic of human nature, unwillingness to lose, unwilling to accept losses, this is human self-protection awareness. Stopping losses in the wrong direction means losing our real money, who can bear it? So in actual combat, many people rationally know that the direction is wrong, but they just don't stop losses, and even increase their positions against the trend, floating orders, allowing the stop loss to become bigger and bigger, and finally lead to serious losses.
Another example is the profitable position in the transaction.
The market trend always fluctuates upwards, or fluctuates downwards, and profit taking in positions is often encountered. Once profits are withdrawn, we will have a sense of insecurity in our hearts, worrying about the reversal of the market and losing profits. This insecurity is also due to human nature.
Even if we rationally know that the profit target has not yet been reached, we should continue to hold positions, but the little emotion of longing for peace of mind has been tormenting us, and in the end we couldn't help but close the position, and made a lot of less money. We comfort ourselves that it is all right, at least there is no loss. But in fact, less earning = loss, because the amount you lose next time will be greater than the money you earn. In the long run, your overall loss will be.
There are many such examples, such as betting on the market, heavy trading, unwillingness to admit defeat, stop loss leading to liquidation, etc., are all caused by the aversion to loss in human nature and the fear of failure.
In fact, if we look at the trading market 100 years ago, it is basically the same as the current human nature problem. The weakness of human nature is very strong, and it is also the main reason why traders lose money.
So at the beginning, I asked everyone to ask themselves those questions, just to let everyone understand their own personality, their current situation, and their human nature, so as to help you win certain opportunities in the trading market.
Trading is like a free game. It seems that the threshold is low and no money is required, but in fact some hidden costs are contained in it, and the human nature is clearly played for you. Therefore, before making a transaction, you must have an existing risk expectation, and then think about making money.
GANESH BENZOPLAST GANESH BENZOPLAST
Stock with 70%+ returns last year
Near it's ATH
Pattern observed : Ascending channel on weekly chart (Perfect pattern)
Seems to be a buy above 180 as it breaks the channel on weekly chart
Target : Around 230
Also :
Observed RSI Divergence on 1D chart so can go for short if fails to break the resistance
Target : 145-140
--But Adding small quantities for short will add more if Breakout fails .. or vice-versa !!
Note : Just an idea no personal recommendation to buy or sell with me #Be wise #Ideasshare






















