gbpjpy analysis elliott. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
Analysischart
#ONE → Continue correction of wave 3 or CIn time h2, if the neck line is broken, this correction will continue until the limit of the green zone. Considering that the previous wave has corrected up to 23%, we should probably be in wave 3 or C, which will touch the green box area after breaking the neckline.
-------------
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support.
Sincerely.
Massive Recovery 1/29 and thoughts for TSLA through WeekA huge surprise with a massive recovery today, ending the day with a cup-handle formation, and there is plenty of upside left for TSLA. We may even potentially close up the gap to $208; but I believe it is dependent on a few factors. Here are my thoughts on price action for TSLA this week:
Possibility #1: Run up to 0.5 Fib level $195.41 Tuesday. (Orange arrow)
With major earnings coming (such as MSFT/GOOG on Tuesday) I expect the entire market to go up in anticipation to positive earnings. Since TSLA just bounced off a major support of $180, TSLA is a candidate to move faster than the market (such as today with a 4.3% run vs the S&P500 under 1%.)
We may also have a run up compounded with an anticipation to positive news from Wednesday's FOMC meeting (buy the rumor sell the news.) If given positive news (anything not already priced in) we may even have a run up to closing the gap at $208 later in the week.
Possibility #2: Choppy trading through Tuesday until FOMC (purple line) for the following reasons:
Per Yahoo Finance: "Markets see rates unchanged in January and Predict 48% probability of a rate cut at the next meeting in March." If some expectation is priced in, we may have a low volume day until further confirmation.
Since we just hit ATH on S&P500, investors may be more reluctant in trading and we go side ways until the FOMC meeting. If nothing major comes from the FOMC meeting, we may have continued sideways trading for the rest of the week, bouncing off $188.
I believe possibility 2 is a bit more likely, but not much more than possibility 1. Coming off a recent ATH on S&P500 we may see a retracement overall tomorrow, but options flow on TSLA indicate to me that we are bullish for the week. There is a strong possibility that the market has already priced in rate cuts, so this may lead to a sell the news scenario (we may bounce down to $185-$190 before moving to the next level.)
As of writing, options expiring 1/30 on SPY put/call volume ratio sits at 1.18, open interest ratio at 1.47. (Figures from Barchart)
TSLA options expiring 2/2 have volume put/call ratios at 0.87, open interest ratio at 0.74. (Figures from Barchart)
S&P Futures at -0.025% in the PM. 1/29.
In the news:
First Neuralink chip has been implanted for the first time. (This may bring positive views on Elon and by proxy to TSLA.)
Capital Expenditure of Tesla may decrease from $10 Billion from current fiscal year to $8-10 Billion by fiscal 2025 and 2026 (per Yahoo Finance.)
Two Tesla executives to sell stock, up to 281,116 and 115,500 respective shares (per Yahoo Finance.)
Lastly, my own plan: I may or may not take a position depending how we open in the AM. From the graph, the lines you see to the left of the cup-handle were my previous possibilities I set up from last week. Friday, I was expecting TSLA to retest it's lows and I took some put positions through the weekend. (See ) Sold them immediately in the AM today when a strong bull signal was built, and went calls on SPY (should have gone calls on TSLA instead with that massive recovery, but hindsight is 20/20) I don't plan on holding anything through FOMC for personal risk tolerance reasons. I am a bit reluctant because TSLA has the potential to swing hard, so I may have relatively small positions. This week will be crucial for knowing if we will try for breaking through the upper channel at $240 in the medium to long term (see: ) -OR- we bounce back down to $180.
Those are all my thoughts, I'll update this if I see any interesting news that I find relevant to TSLA this week.
EURCAD BUY | Trading AnalysisHello Traders, here is the full analysis.
Watch strong action at the current levels for BUY. GOOD LUCK! Great BUY opportunity EURCAD
I still did my best and this is the most likely count for me at the moment.
Support the idea with like and follow my profile TO SEE MORE.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Patience is the If You Have Any Question, Feel Free To Ask 🤗
Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
💹 TSLA next week prevision 💹Bearish beginning of the week looking for 100% of movement 3 of the Elliot wave. It can go down to the 231.16 area at least. Afterwards it can have a slight rise looking for movement 4 to 238.85 minimum to continue falling to 225.51 or more. In general bearish trend during this week with few options to go long.
HelenP. I Gold can continue to decline inside consolidationHi folks today I'm prepared for you Gold analytics. Some days ago price declined to the support level, which coincided with the support zone, and then tried to rise, but failed and made a downward impulse below the 1980 level, breaking it. After this, XAU in a short time rose back and even later started to trades in consolidation, where it rose to the resistance level, which coincided with the resistance zone and top part. Then price rebounded from this level and fell to the support level, but at once rebounded and made an impulse up back to the resistance zone. But a not long time ago it declined from this zone and now it continues to trades in range. For my mind, I think that Gold can rise a little more to the resistance level and then it will continue to decline. That's why I set my target at the 2030 level. If you like my analytics you may support me with your like/comment ❤️
AUDUSD SELL | Day Trading Analysis With Volume Profile
Hello Traders, here is the full analysis.
Watch strong action at the current levels for SELL. GOOD LUCK! Great SELL opportunity AUDUSD
I still did my best and this is the most likely count for me at the moment.
Support the idea with like and follow my profile TO SEE MORE.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Patience is the If You Have Any Question, Feel Free To Ask 🤗
Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
USDCAD 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 USDCAD
I still did my best and this is the most likely count for me at the moment.
Support the idea with like and follow my profile TO SEE MORE.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Patience is the If You Have Any Question, Feel Free To Ask 🤗
Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
EURGBP 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 EURGBP
I still did my best and this is the most likely count for me at the moment.
Support the idea with like and follow my profile TO SEE MORE.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Patience is the If You Have Any Question, Feel Free To Ask 🤗
Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
AMB approaching a strong resistance levelAirDAO AMB price is in pace of approaching a strong resistance. The line is proven its firmness, highlighted in red, the bounce areas dating back to 15th of March of this year, that's past 6 months as of the day of this writing.
In a technical perspective, we could still see a continuation of its bullish trend if we see a resistance breakout and if not, sell on bounce area with confirmation of a breakdown as well. I also made a diagonal support below as a guide. The RSI indicates that the coin price is near oversold.
Happy trading and always plan your trades by putting a take profit and stop loss areas in every position.
MKR Double Bottom UpdateYesterday, I published this double bottom pattern of MKR as I'm in the wait-and-see mode for a possible scenario - 1) a breakout or 2) a price rejection.
The coin had a breakout on its neckline, thus lead to the activation of the bullish pattern as it nearly approaches our target profit area, I also put a protective stop loss, thanks to the .618 fib area to secure profits.
Overall, confluences of my trade include confirmations, resistance breakout, buy volume, and MACD
📊TRB surge, where is the likely target zone❓🧐TRB started a 19-day violent rise after returning to the 2022 low again. Many people will regret that they did not seize the opportunity of this rise. But if we enter the market now, there will be countless fears to stop us.
🧠To this end, I have analyzed and sorted out the target areas that may be reached by the rise, and simulated the possible trajectory, hoping to solve everyone's confusion.🍻
‼️Note that if we reach B TP1, then it is possible to go to B TP2. If we stop at TP1, then this simulation trajectory will be invalid. If we break through B SELL ZONE, then this simulation trajectory will also be invalid.❌
let us see👀
👏Welcome everyone’s messages and comments💬
🤜If you like my analysis, please like 💖and share it💬
GUGU - i'm bearish bias , looking at my analysis , i'm waiting and looking for GU to clean break Break and re-test ( or reject a key level Double bottom/ False Break ( 1.28292 This is a 1 Hr Support level ). if this key level of Support holds strong looking at ( Resistance Levels 1.28869 / 1.29557 )
NEXT BIG MOVE ON GOLD Hello traders
Its been a while since i posted any charts because im too busy most of the time and i keep them on my pc or in my head
anyway here i am with a chart on gold for a potential long .
this chart/analysis is on a 3day htf and i anticipate the usd to continue its move to the upside up to 1.07 in which case we
will get the move down on gold to the drawn redion on my chart .
as i have labelled we have many confluences so i would expect a strong reaction in this zone
anchored vwap from sept 22 lows
200 ema
0.5 fib
0.618 fib pull from ath - sept low
htf value area low
0.382 speed fan which cuts straight through all of the above which i think is beautiful .
set alerts and wait for the reaction and know where you are invalidated !
i have marked out a channel which could give us an insight into further price movement after the move down .
you know the drill ..like follow share ..thankyou for stopping by
Attention! SHORT EUR GBPGood morning, I leave a forecast of what could happen in eur gbp in the next few hours after the market opens.
Possible retracement to 61% fibonacci levels to then continue its downtrend.
1H charts
Intra-Day Bearish Trade
ECONOMIC CALENDAR (GMT -3) PLEASE CHANGE TO YOUR SCHEDULE
IMPORTANT - 16:30 EUR Appearance of Lagarde, president of the ECB
XRPUSDTPERP - Lures to short.At the moment, the downward movement is not yet 100% realized.
We should expect withdrawal of liquidity below the support level of 0.2999.
Then a flat, accumulation, test and resumption of buying in an uptrend. Observe.
If you liked the idea, please like it. That's the best "Thank you!" for the author 😊
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profits in installments. Withdraw profits in fiat and please yourself and your
your friends.