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USDCAD | LT Short D1 | Oil to power CAD StrengthPair: FX:USDCAD Timeframe: D1 - Long Term (LT) Direction: Short Technical Confluences for Trade: - Stochastics are in Overbought Conditions on D1, H4 and H1 time-frames - Price action is at the top-end resistance of a parallel channel - Horizontal trendline looks like a supply zone across few periods - Aiming for the 32.8% Fibo Retracement with 23.6% as the TP 1 level Fundamental Confluences for Trade: - A strong oil story from ongoing geopolitical risks is a strong story for CAD's economy to remain their hold on interest rates while US's reflation story has been priced in by markets - Risk is further war escalation from the Israel-Iran tension which continue the rush to safe-havens like USD or JPY. Suggested Trade: Entry @ Area of Interest 1.3750 - 1.3850 SL @ 1.3898 TP 1 @ 1.3640 (TP Half-Position & move SL to Entry level for B/Even once TP1 is achieved) TP 2 @ 1.3567 Risk-to-Reward @ Approx. 2.08 (Depending on Entry Level) May the pips move in our favor! Good luck! :D *This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and am not responsible for any losses derived from it.
Short
by weekendanalyst
8
BTCUSD | MT Long H4 | Continuing The Run-Up?Pair: HTX:BTCUSDT Timeframe: H4 - Medium Term (MT) Direction: Long Technical Confluences for Trade: - Stochastics are in Oversold Conditions on D1 and H1 time-frames - Price action may face resistances from being at the bottom of a parallel channel, there is a support trendline going through and there is a demand zone area as shown with the horizontal trendline - Price is close to 32.8% Fib retracement Level - Targeting to trade this position between the Supply-Demand zones as shown with the Horizontal Trendlines Fundamental Confluences for Trade: - Market stabilization from geopolitcal risks and US's strong economic data is happening and may bring back risk appetite - Fiscal dominance concern on the USD may see people try to buy BTC as a store of value (IMO, still not a store of value but as long as the market feels so, I'll go with it first) - Further war escalation from the Israel-Iran tension may bring on risk-off moves and see the BTC fall Suggested Trade: Entry @ Area of Interest 61,500 - 63,500 SL @ 59,843 TP 1 @ 62,648 (Close Half-Position & move SL to Entry level once TP1 is achieved) TP 2 @ 68,838 Risk-to-Reward @ Approx. 2.20 (Depending on Entry Level) May the pips move in our favor! Good luck! :D *This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and am not responsible for any losses derived from it.
BINANCE:BTCUSDLong
by weekendanalyst
RAD bullish pattern repetition?Similar pattern formation to Jul and Oct 2022. High Stoch and strength from a rising RSI can help boost the price over an estimated 3-month range. MACD at zero level cross. Good entry point. We want to see this MACD maintain well over the zero level along with an RSI maintained over 50. More peaks above 80 in Stochastics can help support the bullish thesis. Assumption is a Q3-2022 pattern repetition. A bullish engulfing candle is expected but is a lagging indicator on such a chart. It can be used as a trend confirmation.
RLong
by ashpat86
End of the pullback?Last week has been a strong rally for EURUSD free-falling from 1.187 all the way down to 1.161 on Friday closing But is the pullback finished? There is evidence showing us that the pullback might be coming to an end On Friday US market opening EURUSD has broken the last support and making a lower low but stochastic is making a higher low which a stochastic divergence on H4 has occurred and that might be a signal of a trend reversal Currently, market structure is still valid as the lower high and lower low is still in place but there was an attempt of a trend reversal as there was another stochastic divergence occur yesterday on a smaller timeframe (30M and 1H) but eventually, the bears took control and drag EURUSD even lower. Although the monthly Fibonacci retracement has not yet reached as 0.236 level has broken but it is still pretty far away from 0.382 level but EURUSD might reverse from here without testing the monthly Fibonacci retracement Right now there are a few ways to deal with this pair 1. open a long order with a 1 ATR SL below the lowest point (1.161) 2. wait for a broken market structure, a higher high and a higher low 3. if a new low has been made then continue shorting and see if 0.382 will hold Thank you for reading, please leave a like if you like the idea, hope you have a good weekend!
Long
by Esteiknarf
6
ETHBTC Double Bottom| Apex| Lower Highs|Break Imminent Evening Traders, Today’s Analysis – ETHBTC – Trading at key structure, daily structural support is in confluence with down the down sloping resistance, ETHBTC is in its Apex. Points to consider, - Double bottom trend - Trend line resistance (Lower highs) - Daily Structural Support - Stochastics overextended - Apex (break imminent) ETHBTC is trying to establish a trend chance by putting in a valid double bottom . Breaking resistance will further solidify the double bottom as the neckline will be breached. This will also negate the lower high projection Daily structural support is in confluence with resistance, hence why ETHBTC is coiled up in its apex. This is an indication of a break being imminent. The stochastics is in the upper regions, a lot of stored momentum to the downside. ETHBTC usually has an impulse move down with stochastic momentum from current resistance. Overall, in my opinion, ETHBTC is at pivotal point in the chart, price is coiled up in its Apex , indicating a volatile move being imminent. Break in either direction will give a direction bias for a long or short. Breaking bearish will be a sign of a possible larger pattern being at play, the Descending Triangle What are your thoughts? Please leave a like and comment, And remember, “The desire for constant action irrespective of underlying conditions is responsible for many losses in Wall Street.” – Jesse Livermore
Short
by The_Alchemist_Trader_
7
XAUUSD This Week. Can it Breaks 1381.18?Lets see, XAUUSD pada perdagangan minggu ini, dimana penutupan mingguan dapat di tutup dibawah harga pembukaan 2 minggu lalu, dimana harga pembukaan 2 minggu lalu berada pada level 1401.45/troy ounces. Sedangkan penutupan minggu kemarin ditutup pada harga 1398.79/troy ounces. Dengan konfirmasi ini, mengindikasikan kepada kita bahwa harga diperbolehkan untuk lebih rendah dari harga perdagangan 2 pekan lalu, dimana saat ini XAUUSD akan mencoba mencari level tertingginya, dengan prediksi level tertinggi berada pada level 1410.00/troy ounces. Pada perdagangan Senin kemarin, harga tertinggi tercapai pada level 1407.49/troy ounces. DImana pada perdagangan hari ini, batasan tersebut menjadi level konfirmasi, apakah harga dapat lebih tinggi untuk mencapai 1410.00/troy ounces atau tidaknya. Jika harga tidak diijinkan lebih tinggi dari level tersebut, maka diprediksi XAUUSD diprediksi akan kembali mengalami penurunan hingga level 1381.18/troy ounces. DImana disini kita akan mendapati harga akan memiliki 2 pola, yaitu : 1. pola Double Bottom Daily prediksi di 1381.18/troy ounces 2. Pola Divergensi antara harga Low Chart dengan level Low pada indikator Stochastic. Kita temukan pola ini pada timeframe daily. Seperti layaknya karakter pergerakan stochastic, dari level jenuh tertinggi ke terendah ataupun sebaliknya, membutuhkan 4-5 candle, sehingga dapat kita prediksi harga akan mengalami kenaikan selama 4-5 hari kedepan. Level harga 1381.18 tetap menjadi levell psikologis pasar, dimana jika harga ini dapat di tembus, maka perdagangan akan terus mengalami penurunan. Namun jika harga tersebut tidak dapat di tembus, diprediksi akan mengalami koreksi/reversal dalam timeframe harian/daily. Dengan trading setup (tidak dapat breakout 1381.18/troy ounces): Buy level : 1381.18 sampai 1385.45 Stop Loss Level : 1375.45 Take Profit level : 1399.12 sampai 1410.00 Yang menjadi pertanyaan saat ini adalah, Apakah harga dapat breakout level psikologis 1381.18? Menurut analisa teknikal saya dengan menggunakan indikator stochastic, Kita telah menemukan adanya divergensi low level anatara chart dengan indikator. Sehingga hal ini memperkuat analisa saya bahwa momentum untuk terjadinya breakout jauh lebih kecil. Karena pada timeframe daily telah diindikasikan akan terjadinya reversal karena 2 hal yang sebelumnya dibahas diatas. Mungkin sekian ide dan opini saya dalam analisa teknikal kali ini. Jika rekan-rekan sependapat dengan saya, jangan lupa meninggalkan jempol dan komennya. Terimakasih dan salam sukses selalu untuk kita semua. Best Regards, Don-Hawkish
SAXO:XAUUSD
by Don_Hawkish
Bullish cross on Monthly Stoch. RSI >> End of bear market? A simple yet very powerful indicator could be the Monthly Stochastic RSI. We recently had a bullish cross on that indicator. Looking at the previous 2015 bear market, we see that once the Stochastic RSI hit the bottom, a bullish cross-over indicated the end of the bear market and beginning of accumulation/consolidation phase which went on for a few months. Even if this indicator shows a bearish cross again, it will be temporary and the BTC price will just attempt a double bottom at the $3.1k levels (we see almost the exact fractal in the previous bear market) In summary, I believe there is some good merit that this indicator (Monthly Stoch RSI) actually points to the official end of the bear market. #stochasticBullishMonthlyDivergence #HODL !
BITSTAMP:BTCUSD
by Leb_Crypto
Gold Bulls Taking a Breather?Gold has been in an overall uptrend since late January, steadily climbing with strong bullish momentum. After peaking around $3,440 in early April, price pulled back and found support near $3,171, bouncing from that level and now approaching resistance around $3,300. Recently, price has shown signs of recovery, but the move still hasn’t broken the downtrend from the previous highs. The current area near $3,300–$3,365 is critical. If Gold can break and hold above this zone, it may retest the $3,440 high. But if price gets rejected again, a pullback toward $3,171 or even $2,972 is possible. Technical indicators are sending mixed signals. The RSI is around 57, showing moderate bullish strength, but not overbought. However, the Stochastic is in overbought territory with a bearish crossover forming, which could mean a short-term dip is coming. Gold is still trading above all major moving averages, which supports a longer-term bullish outlook. The bigger picture favors bulls, especially because of recent economic and geopolitical news. The U.S. Dollar has weakened after Moody’s downgraded the U.S. credit rating and concerns grew over a massive new tax-cut bill. Tensions between the U.S. and China, as well as ongoing conflicts in Gaza and Ukraine, have also driven safe-haven demand. Meanwhile, traders are betting on potential rate cuts later in 2025, which tends to boost Gold. Key levels to watch: Resistance: $3,300 and $3,440 Support: $3,171 and $2,972 Bias Summary: Upward Bias: Weak USD, rising geopolitical risk, safe-haven demand, Fed rate cut expectations, price above major moving averages, aggressive central bank buying Neutral Bias: RSI mid-range, price near resistance Downward Bias: Stochastic overbought with bearish crossover, potential lower high formation, hidden bearish divergence. Overall Bias: Bullish Long-term, Bearish potential short term – Fundamentals support further upside, but caution is needed near resistance for retracements.
TVC:GOLDLong
by Jacques1000
2
$AVGO | Watchlist | Buy Limit |Technical Confluences: - Stochastics is moving towards Oversold conditions - Elliot Wave count seems to have completed a Wave 4 (A,B,C count) and is starting it's Wave 5 move (assuming it is not an extended Wave 4 - Price has formed new Supply Zone area with the price rejecting that Zone 3 times and has formed a descending Trendline Fundamental Confluences: - Broadcom is considered a leader in semiconductor domains and it has a diverse product range; making them sought after in technological ecosystem - Good management team that focuses on M&A for strategic growth and market pentration - Good amount of FCFs which helps in their dividend policies ----- NASDAQ:AVGO will be releasing it's earnings soon and if there is any opportunity arising, I have placed orders to buy AVGO at my Buy Limit Zone areas. If earnings is stellar, price should continue to test the Supply Zone again and if that breaks, I will likely aim for a Buy Stop order above the Supply Zone. Will be putting this on my Watchlist. -----
NASDAQ:AVGOLong
by weekendanalyst
$PYPL | Allocated & Watchlist | Buy Limit & Buy Stop |Technical Confluences: - Stochastics are in Overbought conditions in the Daily Timeframe - Price is close to the top of the Parallel Channel and is currently in the Interest Zone - Price action bounced off the Mid of the Parallel Channel which strengthens a bullish trend - Fundamental Confluences: - Paypal is considered a market leader in digital payments space due to its extensive network, brand recognition and services - Revenue has been constantly increasing every quarter but lacking in revenue growth - Better EPS, good FCF and reduced operating expenses are good storylines - However, digital payment systems are facing alot of competition these days and Paypal being one of the initial pioneers will definitely need to step up and conquer back this space ----- I have previously allocated into Paypal previously at 58.80 (when it was bouncing off the 78% Fibo retracement line. I am still watching to continue to build up my NASDAQ:PYPL allocation. I will be looking to add more in the higher Buy Limit zone if the price breaks the Parallel Channel and goes above the Interest Zone. I will also look into buying again close to the 61% and 78% Fibo line; assuming price cannot break the parallel channel this round and retrace backs down. Will continue monitoring it. -----
NASDAQ:PYPLLong
by weekendanalyst
$USDCHF | Buy Trade | Market Exec | Technical Confluences: - Price action is at a Demand Zone that has seen Demands for USD a few times - Price is also supported by a descending support trendline - Stochastics is in Oversold conditions in the H4 Timeframe Fundamental Confluences: - Market seems to have overdone their expectation of many rate cuts and based on how FED normally reacts, they are more reactive than pre-emptive. - In that sense, the Jackson Hole event this Friday may disappoint markets if Powell sticks to his affirmation that Sept cut is highly likely but any other cuts will remain data-dependent (If I'm wrong, then we will cut it if it breaks the 2024 low) ----- Taking an entry into long FX:USDCHF here. Will have interest to add on as long as price remains within in my Orange Position area. -----
Long
by weekendanalyst
2
$GBPUSD | Sell Trade | Market Exec |Technical Confluences: - The previous Supply Zone broke and have moved up towards the next Fibo Retracement level at 100% - Stochastics have started to reversed off the Overbought conditions - Resistance Trendline present - Another Interest Zone is right above the Price Action; should see price consolidating or bounce off this zone Fundamental Confluences: - No difference from previous posting ----- Previous positioning got stopped out after market continued the Soft Landing narrative which sent the USD lower and GBP went higher. Will take a new entry here with SL levels above the Interest Zone and will consider the Support trendline and the 78.60^ Fibo levels as the starting TP levels. -----
Short
by weekendanalyst
CADJPY | Short H4 | Market Exec |Technical Confluences for Trade: - Stochastics are in Overbought Conditions on H4 a time-frame. - Price action is reversed off the Supply Zone - Targeting the other Demand Zone - Price action looks like it will retrace first before grinding up higher. Suggested Trade: Entry @ Area of Interest 113.70 - 114.20 SL @ 114.92 TP 1 @ 112.92 (Close Half-Position & move SL to Entry level once TP1 is achieved) TP 2 @ 111.82 Risk-to-Reward @ Approx. 2.06 (Depending on Entry Level) ________________________________ Boosts 🚀, Follows ✌️, Shares 🙌 & Comments ✍️ are much appreciated! If you have any ideas or charts, do share them in the 'Comments' section below and we can discuss our perspectives to improve or strengthen our strategies. If you want something analyzed, do drop me a DM. :D ________________________________ Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks. Any websites / brokers / applications suggested here are also provided as informational purpose only. ________________________________
Short
by weekendanalyst
AUDCAD | Short H4 | Market Exec | Similar to NZDCADTechnical Confluences for Trade: - Stochastics are in Overbought Conditions on D1, H4 and H1 timeframe - Price action is at a Supply Zone and has another Consolidation Zone nearby it - Price action is at the top of a channel resistance - Targeting the 50% Fibo retracement Fundamental Confluences for Trade: - Same setup as the NZDCAD trade I just posted as well - AUD has a RBA event risk if this trade is taken Suggested Trade: Entry @ Area of Interest 0.9030 - 0.9060 SL @ 0.9093 TP 1 @ 0.8983 (Close Half-Position & move SL to Entry level once TP1 is achieved) TP 2 @ 0.8921 Risk-to-Reward @ Approx. 2.14 (Depending on Entry Level) ________________________________ Boosts 🚀, Follows ✌️, Shares 🙌 & Comments ✍️ are much appreciated! If you have any ideas or charts, do share them in the 'Comments' section below and we can discuss our perspectives to improve or strengthen our strategies. If you want something analyzed, do drop me a DM. :D ________________________________ Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks. Any websites / brokers / applications suggested here are also provided as informational purpose only. ________________________________
Short
by weekendanalyst
2
BTC | Short H4 | Market Exec |Crypto Toppish For NowTechnical Confluences for Trade: - Stochastics are in Overbought Conditions on H4 time-frame - Price action is close to a Resistance Trendline - Price action is close to a 200 EMA (still bearish for now) - Price action is in a consolidation zone - Targeting the 61.8% Fibo retracement Fundamental Confluences for Trade: - Nothing new in the Crypto space to start any new hype to enter the market - Crypto ETF craze has passed; wait for the next one maybe for ETH Suggested Trade: Entry @ Area of Interest 62,700 - 65,300 SL @ 68,042 TP 1 @ 59,200 (Close Half-Position & move SL to Entry level once TP1 is achieved) TP 2 @ 53,685 Risk-to-Reward @ Approx. 2.27 (Depending on Entry Level) ________________________________ Boosts 🚀, Follows ✌️, Shares 🙌 & Comments ✍️ are much appreciated! If you have any ideas or charts, do share them in the 'Comments' section below and we can discuss our perspectives to improve or strengthen our strategies. If you want something analyzed, do drop me a DM. :D ________________________________ Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks. Any websites / brokers / applications suggested here are also provided as informational purpose only. ________________________________
Short
by weekendanalyst
NZDCAD | Long H4 | Buy Limit | Milk/Oil Economy - 2nd EntryTechnical Confluences for Trade: - Stochastics are in Oversold Conditions on H1 & H4 time-frame - Price action is close to a Demand Zone (Yellow Area) & has Support Trendlines around - Aiming for the next Consolidation Zone of Price Actions Fundamental Confluences for Trade: - Very different economies with market data gyration will pretty much determine the direction of this trade. Suggested Trade: Buy Limit @ 0.8098 SL @ 0.8051 TP 1 @ 0.8150 (Close Half-Position & move SL to Entry level once TP1 is achieved) TP 2 @ 0.8213 Risk-to-Reward @ Approx. 2.40 (Depending on Entry Level) ________________________________ Boosts 🚀, Follows ✌️, Shares 🙌 & Comments ✍️ are much appreciated! If you have any ideas or charts, do share them in the 'Comments' section below and we can discuss our perspectives to improve or strengthen our strategies. If you want something analyzed, do drop me a DM. :D ________________________________ Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks. Any websites / brokers / applications suggested here are also provided as informational purpose only. ________________________________
Long
by weekendanalyst