Sell GBP/USD Triangle PatternThe GBP/USD pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the downside in the coming hours.
Possible Short Trade:
Entry: Consider Entering A Short Position Below the Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 1.2650
Target Levels:
1st Support – 1.2585
2nd Support – 1.2550
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Analysis
GBPAUD TO 1.9600 TODAY?Trading Plan
1. Baseline Scenario:
- Macro-Fundamental Bias: Neutral to Dovish . The RBA is expected to maintain a cautious stance on interest rates, with markets anticipating a quarter-point rate cut by May 2025 and rates ending 2025 at 3.85%. This expectation is based on the need for more progress in reducing core inflation to the 2-3% target range.
- Short Term Sentiment Bias: Bearish . The AUD is under pressure due to its role as a proxy for the Chinese yuan, influenced by US tariff risks and ongoing economic uncertainties in China. Additionally, Australia's current account deficit and weak export data contribute to the negative sentiment.
2. Risk Event Baseline :
- Market Expectations :
- Australian GDP (QoQ) Q3: Consensus at 0.5% (previous: 0.2%).
- Australian GDP (YoY) Q3: Consensus at 1.1% (previous: 1.0%).
- China Caixin Services PMI (Nov): Consensus at 52.5 (previous: 52.0).
3. Surprise Scenarios:
- Negative Surprise :
- Australian GDP: If GDP figures come in below expectations, it could exacerbate the bearish sentiment, leading to further AUD selling.
- China Caixin Services PMI: If the PMI is weaker than expected, it could further pressure the AUD due to its correlation with the Chinese economy.
XRP/USDT: Local Correction or Springboard to $3?Hi there! 👋
Let’s dive into the XRP/USDT chart, which has been drawing attention with its strong bullish momentum but is now showing the first signs of a possible correction. Let’s break it down! 🧐
🖼 Overall Picture
The chart shows a clear uptrend, which has pushed XRP to a local high of $2.70. However, the market looks slightly overheated, and a correction to key support levels seems likely.
Globally, XRP remains in a bullish trend, supported by positive sentiment and broader crypto market growth.
📈 Technical Analysis (Using Midas Up/Down)
Key Support Levels:
1️⃣ $2.20–2.30 : Local support, a potential zone for entries during a pullback.
2️⃣ $1.80–2.00 : Major support zone, aligned with high volume levels (Volume Profile) and a strong trendline.
Resistance:
$2.60–2.70 : A local profit-taking zone. Price has already rejected this level twice.
$3.00 : The next major target if the current highs are broken.
🛠 What Indicators Say:
RSI (4H) : Still in overbought territory, signaling potential for a correction.
MACD (4H) : Shows slowing momentum as the histogram shrinks, indicating the market is preparing for a pullback.
MACD (1W) : Remains firmly bullish on the weekly timeframe, confirming the strength of the long-term trend.
🗺 Scenarios
1️⃣ Bullish Scenario:
Price holds the $2.20–2.30 support zone and returns to test $2.70.
A breakout above $2.70 opens the path to $3.00 and potentially $3.50.
2️⃣ Bearish Scenario:
Price breaks below $2.20 and tests the $1.80–2.00 support zone.
If this level holds, it presents an excellent low-risk entry point for buyers.
🎯 Trading Strategy
Short-Term (Swing Trading):
Entries:
1️⃣ Around $2.20–2.30 on a local pullback.
2️⃣ Safer entry: $1.80–2.00.
Targets:
1️⃣ $2.60–2.70 — for partial profit-taking.
2️⃣ $3.00 — main target.
Stop-Loss:
Aggressive: Below $2.10.
Conservative: Below $1.80.
Medium-Term:
Buy in the $1.80–2.00 range with the aim to hold until $3.00+.
⚠️ Risks
Breaking below $1.80 could accelerate a drop to $1.50.
The overall market is volatile, so keep an eye on broader trends and adjust positions accordingly.
🚀 Conclusion
XRP continues to delight bulls, but a local correction is likely. The $2.20–2.30 and $1.80–2.00 levels look like great zones for re-entry or scaling in. If the price breaks $2.70, the target of $3.00 becomes realistic. Stay sharp! 💪
💬 What do you think about this scenario? Got any ideas or feedback? Drop your thoughts in the comments, and let’s discuss! 👇
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Portfolio and the Sensex Correction AnalysisMy personal Portfolio performance against the Indian markets, all with holding period of 1 year to 3 years. (No single stock in the portfolio taken with tips from others, brokers, TV. All research on my own, using Fundamental / Technical analysis learned over past 20 years of weekends).
This includes stocks sold, dividend received, no mutual funds included:
The portfolio has had a draw down of 7.5% from peak from 2 months ago to bottom 1 week ago which was a market correction of 11%
A lot of the Ideas i have been posting over the years on trading view platform were part of my portfolio, when i analyzed a stock i thought i should share. I stop sharing when i didn't have time or had personal issues.
I thought i should share my performance on the platform which has helped me analyse.
TradeCityPro | EURCAD Analysis Reaching the Daily Box Target👋 Welcome to the TradeCityPro channel!
Let’s dive into the forex market and analyze this popular pair, outlining key triggers for trading this week.
🌍 Fundamental Overview
EURCAD reflects the economic interplay between the Eurozone and Canada, influenced by:
🇪🇺 Eurozone Fundamentals (EUR):
ECB Policies: The European Central Bank's monetary stance (hawkish or dovish) significantly impacts the Euro’s strength.
🇨🇦 Canadian Dollar Fundamentals (CAD):
Oil Prices: CAD is sensitive to oil fluctuations due to Canada’s major oil exports. Rising oil prices typically strengthen the CAD.
Geopolitical tensions, trade balances, and global risk sentiment often sway EURCAD. The Euro acts as a reserve currency, while the CAD is risk-sensitive.
🕒 4-Hour Time Frame
1.4888 is the critical resistance, marking the top of the daily box (1.4888–1.5171). After breaking this level, the pair hit its target at 1.4556, a significant support level. The rejection at this resistance highlights its importance.
The 1.4731 level, broken yesterday but reclaimed today, offers a potential trigger for entries.
📉 Short Position Trigger
clear short trigger exists below 1.4731. Breaking this support could lead to further downside, targeting 1.4556.
📈 Long Position Trigger
While momentum-driven long entries are possible if the RSI enters overbought, a more reliable entry comes from consolidating within the current range or forming higher highs and lows.
📝 Final Thoughts
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
Portfolio-and-Sensex-after-recent-11-correctionMy personal Portfolio performance against the Indian markets, all with holding period of 1 year to 3 years. (No single stock in the portfolio taken with tips from others, brokers, TV. All research on my own, using Fundamental / Technical analysis learned over past 20 years of weekends).
This includes stocks sold, dividend received, no mutual funds included:
The portfolio has had a draw down of 7.5% from peak from 2 months ago to bottom 1 week ago, during which Sensex had a correction of 11%.
During correction, i sold weak stocks and accumulated strong ones at the 200d EMA support.
I used Tradingview for all my technical analysis and thought it right to share my performance on this platform.
I am a student of the stock market, i do not recommend, nor take recommendations . Best thing if you don't have the time to do research and the analysis or learn it, as it is a full time job, stick to mutual funds and that too SIP. Or take recommendation from only SEBI registered and experts analysts preferably a authorised portfolio manager.
Disclaimer: i have never recommended stocks, all part of my educational purpose and sharing my analysis for feedback purposes only.
HelenP. I Bitcoin can reach resistance level and then start fallHi folks today I'm prepared for you Bitcoin analytics. The chart shows how the price rebounded from the trend line and tried to grow, but at once fell back and soon made a strong impulse up. BTC rose to the 91300 support level, which coincided with the support zone, and tried to break this level, but failed and some time traded in the support area. Later, the price finally broke this level, made a retest, and continued to move up to the resistance level, which coincided with the resistance zone and even entered to this area. Some time later, the price turned around and dropped to the support level, exited from the resistance area, after which turned around and rose back to the 98000 level. BTC some time traded below this level and not long time ago dropped to the trend line. Now, the price is located near this line, so, in my mind, BTCUSDT will grow to the resistance level and then start to decline to the support level, breaking the trend line. For this case, I set my goal at 91300 level. If you like my analytics you may support me with your like/comment ❤️
Fundamental Market Analysis for December 03, 2024 EURUSDThe EUR/USD pair is stuck at 1.0500 after the bullish recovery fizzled out. The pair was only able to squeeze out one green weekly candle after hitting multi-year lows around 1.0330.
Euro\Dollar failed to push back from the 1.0600 mark as the short-term rebound fades.
EUR/USD began another trading week by falling back to familiar short-term lows, failing an attempt to retrace to 1.0600 and pulling back to 1.0500, losing nearly eight-tenths of a percent on Monday. U.S. purchasing managers' index (PMI) data beat expectations but still came in below the 50.0 decline level, lending support to the safe-haven U.S. dollar.
European economic data remains sparse in the first half of the trading week, although several European Central Bank (ECB) speeches will be on the agenda. Another week of Nonfarm Payrolls (NFP) looms over the markets, with US net job growth data due out on Friday, and plenty of preliminary labor and wage data to come during the week.
ISM's US manufacturing PMI index rose in November, rising to a five-month high of 48.4 against a previous reading of 46.5, beating the forecast of 47.5. Despite the rise in the business expectations survey, the indicator is still in contraction territory below 50.0, meaning that most business operators still see a decline in overall activity in the coming months.
Trade recommendation: Watching the level of 1.0600, trading mainly with Sell orders
Sell AUD/NZD Bearish ChannelThe AUD/NZD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Bearish Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours.
Key Points:
Sell Entry: Consider entering a short position around the current price of 1.1005, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 1.0962
2nd Support – 1.0944
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USD/JPY - H1 - Bearish Flag The USD/JPY pair on the H1 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Bearish Flag pattern. This suggests a shift in momentum towards the downside in the coming Hours.
Key Points:
Sell Entry: Consider entering a short position around the current price of 150.80, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 149.20
2nd Support – 148.50
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
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Dixon Tech: Turning bullish in short term swingToday it closed above previous swing high with good volume.
Stock is already in bullish trend since long time. It is in bullish channel.
You can buy at current price around 16800 or lower.
For SL if you turn to 1H timeframe, 16500 close is your SL.
Good for swing trade for short number of days.
Targets not decided as price is ATH but with help of fibonacci 18000 looks like a good target.
Trade looks good with risk reward also.
Euro will start to grow to resistance line of upward channelHello traders, I want share with you my opinion about Euro. By observing the chart, we can see that the price a few moments ago price started to decline inside the downward channel, where it at once broke the 1.0600 level and fell to the support line. Then EUR turned around and rebounded back to the resistance level and even entered to seller zone, where it reached the resistance line of the channel, after which turned around and dropped back to the support line. Soon, the price broke the 1.0465 support level and dropped to 1.0330 points, but soon it made impulse up, making a first gap, after which broke the 1.0465 support level one more time. Also, the price started to grow inside the upward channel, where it declined to the buyer zone, after which bounced and rose to the resistance line. Next, EUR almost reached the resistance level, and then turned around and in a short time declined to support line of the upward channel, making a second gap. So, now I think that the price can start to grow to the resistance level, and when it reaches this level, the price will break it. Then Euro can make a retest and continue to move up to the resistance line of the upward channel. That's why I set two TP: 1st at the 1.0600 level and 2nd at the 1.0700 points. Please share this idea with your friends and click Boost 🚀
HelenP. I Gold can grow a little and then drop to support levelHi folks today I'm prepared for you Gold analytics. Some time ago price fell to the support level, which coincided with the support zone, and then turned around and started to grow. In a short time price rose to the resistance level, which coincided with the resistance zone and even entered to this area, and some time traded inside. Later Gold rose to the trend line and then started to decline. Price quickly fell lower 2725 level, breaking it, and continued to decline to the support level. When the price reached the 2615 level, it broke this level and fell until to 2536 points, after which turned around and in a short time rose to the 2615 level and broke it again. Then price continued to move up to the trend line and when it reached this line, it turned around and made an impulse down to support the level back. But a few moments ago it started to move up. So, at the moment, I expect that XAUUSD can rise a little more and then turn around and fall to the support level. That's why I set my goal at 2615 points. If you like my analytics you may support me with your like/comment ❤️
Buy GBP/AUD Triangle BreakoutThe GBP/AUD pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours.
Possible Long Trade:
Entry: Consider Entering A Long Position Above The Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 1.9525
Target Levels:
1st Resistance – 1.9578
2nd Resistance – 1.9606
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
Fundamental Market Analysis for December 02, 2024 USDJPYThe Japanese yen (JPY) is declining against its U.S. counterpart at the start of a critical week and is pulling back from part of Friday's strong upward move to the highest level since Oct. 21. US Treasury yields are recovering amid US President-elect Donald Trump's reaction to the threat of 100 percent tariffs on BRICS countries. This, in turn, is helping to revitalize demand for the US dollar (USD) and is proving to be a key factor directing flows away from the lower-yielding yen.
In addition, the bullish tone in equity markets further undermines demand for the safe-haven yen. Nevertheless, lingering geopolitical tensions and rising forecasts of another interest rate cut by the Bank of Japan (BoJ) in December should limit larger yen losses. Traders are also advised to refrain from aggressive directional bets and wait for important U.S. macroeconomic data this week, starting with the ISM Manufacturing PMI from this Monday.
Consumer inflation data from Tokyo, the capital of Japan, released on Friday showed that core inflation is picking up and bolstered the case for another rate hike by the Bank of Japan in December.
Also Bank of Japan Governor Kazuo Ueda said on Saturday that the next interest rate hike is near as economic data is on track, although he would like to see what kind of momentum the fiscal 2025 Shunto program will create.
Trade recommendation: Trading mainly with Buy orders from the current price level.
GOLD NEXT MOVEIt seems like you're analyzing the price movement of XAU/USD (Gold vs US Dollar) and observing that the market has recently broken through a key level of 2627. Based on your analysis, you're suggesting that the target could be around 2537 if the breakdown continues.
Here’s a breakdown of your thought process:
Market Breakout at 2627: If the market has broken below this level, it could signal a bearish trend or further downward movement.
Target at 2537: This could be a calculated target based on technical analysis, such as support levels, Fibonacci retracements, or other forms of market structure. The market may be aiming for 2537 if the bearish momentum continues.
However, it's important to watch key support and resistance levels around these points, and consider any potential reversals or market news that could impact the price movement.
Would you like further technical analysis or confirmation on this prediction?
AUDUSD TO 0.653000 TOMORROW??Trading Plan
1. Baseline Scenario :
- Macro-Fundamental Bias Dovish. The market expects the Federal Reserve to continue lowering interest rates, with a 66.5% chance of a 25 basis point rate cut in December. This expectation is driven by the Fed's recent decision to lower the federal funds rate to 4.50% - 4.75% and ongoing efforts to support maximum employment and achieve the 2% inflation target.
- Short Term Sentiment Bias : Dovish. Current sentiment is driven by the recent decline in the US 10-year Treasury yield to 4.2%, reflecting market expectations of further rate cuts and stability under the new Treasury Secretary, Scott Bessent. Additionally, the PCE inflation data aligning with expectations has reinforced the view that the Fed's current policy stance is appropriate.
2. Risk Event Baseline :
- Market Expectations:
- ISM Manufacturing PMI: Forecast: 47.7 | Previous: 46.5
- ISM Manufacturing Prices: Forecast: 55.2 | Previous: 54.8
3. Surprise Scenarios :
- Negative Surprise: 7If the ISM Manufacturing PMI or ISM Manufacturing Prices data come in below expectations, it could lead to further USD selling pressure. This scenario supports long positions on AUD/USD, as the AUD is likely to strengthen against a weakening USD.
XAU/USD Analysis – 1-Day Time FrameXAU/USD Analysis – 1-Day Time Frame
Over the past month, XAU/USD has been bearish. However, we recently saw a reversal, with the price testing a key resistance zone at 2718. Following this, the price retraced sharply to 2608 before starting to climb again.
Potential Trade Setups:
Short Opportunity at 2675:
As the price approaches the 2675 resistance level, watch for a strong rejection signal, such as a prominent wick or a significant red candle. This could indicate a potential short opportunity.
Break and Retest for a Buy Opportunity:
If the price breaks through 2675 and closes above it, wait for a retest of this level as a new support zone. Once the price confirms this retest (e.g., through a strong doji or bullish candle), it may provide a favorable buy entry.
Important Notes:
Do not trade this idea blindly. Ensure there is proper confirmation before entering a position. Look for clear candlestick patterns, such as a doji, to validate your entry decision, whether for a long or short trade.
I hope this analysis helps in your trading journey. Don’t forget to like and comment for more ideas like this!
#BLUR 1D: Retest or Rally – Setup Inside! 11/25/24The Blur token (BLUR) is the primary cryptocurrency of the Blur Network, a platform designed to provide private and secure transactions with a strong focus on user privacy.
Here’s how I see it: ready for a retest and then a move higher. It might even go higher without a retest.
Setup on the chart.
DYOR.
#STRK 1D. Risky Trade Setup with High Targets! 11/25/24We’ve broken out of the range with a strong upward impulse—exactly as forecasted. What’s next? Either a minor pullback to support or a continuation upward from current levels. To put it plainly and concisely: the nearest target, which we will 100% reach, is $0.6582.
Will we see #STRK hit $1 this cycle? Absolutely, yes. That’s my call, and I’m saying it right now. Lock this in your mind, and in time, we’ll check if my expectations were correct. Could we see #STRK at $0.8767 as early as next month? It’s entirely possible.
Key factors supporting this move: we’re closing the week bullish, with solid volumes, and above the upper boundary of the range. Ideal setup, in my view!
This is worth a shot, though it’s high-risk. Check the stop.
Setup:
Entry: $0.5800 - $0.5400
Targets: $0.6513, $0.8759, $1.1000, $1.3597
Stop-Loss: $0.3928
On spot: no stops.
DYOR.
BTCUSD Breakout Alert: Head and Shoulders Pattern Targets $108K!Bitcoin is showing a textbook Head and Shoulders breakout, with a potential move above the neckline (dotted line). The projected target for this bullish structure points toward $108,000, marking a significant continuation of the long-term uptrend.
Entry Idea: On retest of the neckline or consolidation above the breakout zone.
Stop-Loss: Below the right shoulder for risk management.
Take-Profit Target: $108K, in line with the projected breakout target.
Keep an eye on volume too.
Disclaimer: This is not financial advice. Conduct your own analysis and manage risk accordingly.
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