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Ilovetrading

Game Plan Gold ShortHi all Gold did see some movement since the beginning of 2023, yet in the past days, Gold has been selling off very strongly. Price has retreated into that crucial range of 1825- 1800. This support area needs to hold, if we break 1800, we could see the shiny metal slide all the way down to 1720 or even further. Prices in precious metals have been seeing an uptick in volatility since Powells Testimony on Tuesday. Let's see if this downward pressure continues. Here is my Game Plan for a short scenario: - Price needs to consolidate further in the box (range 1820- 1800) - Steep upwards movements are fine, should not move higher than 1830 - Consolidation on 1800 is of interest to find an entry - Optimally, some flat price movement on 1800 or slightly under it for a relevant amount of time - Clear break of 1800 is needed, seeking entry around 1795 depending on how clean we cut through 1800 1800 is the area of interest in this Game Plan, before we not see some further movement into the 1800 region, I will be staying out of this one as we are sitting on a very strong support for the metal. This will be my plan. If you want to learn more about my market approach, make sure to follow me on Tradingview! Cheers.
FOREXCOM:XAUUSDShort
by TraderCHgold
MPHASIS - 12/11/2022-LOOKING GOOD#MPHASIS... ✅ 🔹🔹🔹🔹🔹🔹🔹🔹🔹 👇👇👇👇👇👇👇👇👇👇👇👇 INTRADAY/ Short term delivery call as well 👍 All levels given in charts ... IF good potential seen then we work in options also 👉if activate then possible a huge movement Keep eye on this ... We take trade only when it activates... 📚📚👁🚀 📚 🚀🚀🚀🚀🚀🚀🚀🚀 Possible to give good target 👍👍👍👍👍👍👍👍
NSE:MPHASIS
by trading_facts96
XAGUSD (Silver)Update: Silver retraced 78.6% of Fibonacci level leading to our target at 20.66 Still considered to be in bearish market as we have not yet broken above daily counter trend break (can anticipate a deeper retracement). Early bullish entries therefore needs to be taken with smaller risk on lower timeframe. Market has respected daily trendline support, and moving towards potential future daily resistance (long term). As of the time posting this, retail sentiment changed bearish(most retail traders tend to lose money). From current price we are about 150 pips away from target. I am looking for break and re-tests of resistance levels on 1 hour timeframe with counter trend break bullish and wick rejections at these levels for entries. Stop loss below market support structure Take profit 3x risk lot sizes: 2 to 5 lots I have my eyes and alert on price 18.905 for retest of 1 hour resistance becoming support. I believe that if the dollar gains strength against Japanese Yen this trade idea may not work, however given signs of bullish weakness to break above resistance on USDJPY we can potentially see investors moving from the dollar to commodities momentarily until its confirmed that there is uncertainty in the FX market which will cause the dollar to become weaker for the time being. Until then I still hold my positions on USDJPY and looking to move some cash into silver (risk off). #happytrading
FX:XAGUSD
by TradingfortheFuture_
GBPUSDGBPUSD: According to monthly timeframe, market is oversold. Market has been at its lowest dated back to 85'. September candle closed with wick rejection bullish (doji candle). market has potential retest of monthly support becoming resistance. Due to the above I therefore believe the market may need a correction before a potential run bearish again. Daily timeframe shows strong bearish trend. Support at bottom blue level, and resistance at top blue level. We are still within a daily ABCD Fibonacci sequence bearish. A break below daily trendline support in September thereafter the market made a huge pullback to 61.8% retracement level. Potential Gartley sequence forming should the market find support at bottom blue level where we can expect the market to begin a rally towards the top blue level for resistance and then continuation bearish for future daily low and future daily fibonacci target. If dollar strength continues one can expect the continuation to play out, if dollar losses strength we can expect a new bullish trend for the longer term. If the market breaks above resistance trendline and does not form the "D" gartley at this level I'll step back and not expect the bearish continuation until further analysis. Of course this is a long term setup, so this could take weeks/ months/ years. But the important thing is getting direction right which will give a trader an edge on the market and to deploy their selling or buying strategy. #Successformula
by TradingfortheFuture_
BITCOIN Analysis in 1 HOUR 🌟HI 😉 Two days ago we saw a 10% price drop from the $20,180 area in this cryptocurrency, which continued to the $18,200 area and buyers took over the market. Currently, the price has formed higher ceilings and floors and has been able to change the Substructure to Minorstructure and create a change in nature from downward to upward in the one-hour time frame. If the green candle closes above the level of $19,670, the price has the ability to achieve the target of $20,180 and the resistance range of $20,780 (low probability). Otherwise, with the loss of the $18,200 support zone, the price is expected to react to the $17,600 level. Arztoday Team 🌞 Analyzer✍: AR.Rashidi
by arztoday
4
Nifty Prediction & plans~~ Target 17800 to 18243Nifty50 Prediction & plan:- Nifty CMP 18070 and currently SGX nifty -319 So it is confirmed that there is going to be a huge gap down tomorrow in the market. PLANS- 1)if nifty open around 17865 level then these condition wait for market sustain.. 2) if nifty open around 17794(around 17800).... then this condition you can go for 18243 levels Buying level 17865 & 17794 Invalidation level 17700-17720 NOTE : - target expect nifty we can touch before week end
NSE:NIFTYLong
by rkmatre
2