Get started

Beyondtechnicalanalysis

Sell EURCAD Bearish ChannelThe EUR/CAD pair on the M30 timeframe exhibits a bearish signal due to a well-defined downward channel pattern, suggesting a potential selling opportunity in the coming minutes or hours. Key Points: Bearish Channel: The price has been confined within a descending channel characterized by two falling lines, one for resistance and one for support. This pattern indicates ongoing selling pressure and potential for further decline. Sell Entry: Consider entering a short position around the current price of 1.4503, situated close to the channel resistance. This offers an entry point near a potential reversal zone. Target Levels: Initial bearish targets lie at the support levels of 1.4465 and 1.4452, marking previous support zones within the channel. Stop-Loss: To manage risk, place a stop-loss order above the channel resistance line at 1.4523. This helps limit potential losses if the trend breaks unexpectedly. Thank you
Short
by KABHI_TA_TRADING
10
A Bitcoin Prediction (2024)In this chart, I uncover price levels across an identified cyclical pattern hidden within Bitcoin. I was initially hesitant to publish this, as I had been pondering the theory for a few days. However, as the price approaches the Phase 2 level, I believe the timing cannot be ignored, and a reaction may be imminent as Bitcoin could be on the verge of breaking out into Phase 2... I've posted a screenshot prior to where BTC is now (below) My discovery in finding this was not intentional nor was it believable. However, after identifying some familiar projective price targets deriving from Bitcoin's first cycle the compelling results left me intrigued and were enough for me to continue. Whilst continuously applying my method more and more results seemed to match with key pivotable phases. Once I hit 2020, I was sure to expect some variances, but to my surprise, there was not, and price levels were again matched to pivotable levels. It is to that point I followed through into 2024 and beyond. As stated in the chart there is no trickery rather, there is logic and reason. It appears, these predictions beyond 2024 are realistic and do not point to crazy moon boy levels. So with that, I leave this here to revisit and pay my respects. Some Observational and Key Points: I base some findings on a 2 x 8-year cycle rather than the conventional 4-year cycle. However, it may appear shorter than expected. Just as there are diminishing returns, there too is an aspect of diminishing cycle timing. While cycles are often recognised by their low and high targets, not many observe the time it takes to surpass a previous all-time high (ATH) or low. This is interesting because Bitcoin does not exhibit this repetitive behaviour in its history. I observed the peaks and troughs while noting the counts and periods across cycle phases and took a visual snapshot towards 2022-24 playing into more likely that of 2013-16. I've projected 2 ATHs as a range due to the nature of placement. The first target is primary, and wicks above could stretch into the second. Projections are also based on a 2-week (close) timeframe. Final comments: This is not an indication to be mega bullish and is NFA. The chart merely highlights developments I've identified and is not certain to play out, although quite probable. It is more of a "let's look back and indulge" - at least for me. Thanks and Enjoy!
INDEX:BTCUSDLong
by LiquidMafia
5
Buy NZDJPY Bullish ChannelThe NZD/JPY pair on the M30 timeframe presents a potential buying opportunity due to a well-defined bullish channel pattern. This pattern suggests ongoing upward momentum and a higher likelihood of further advances in the coming minutes or hours. Key Points: Bullish Channel: The price has been trading within an upward-sloping channel defined by two converging lines: a rising support line and a rising resistance line. This ongoing uptrend signals continued buying pressure. Buy Entry: Consider entering a long position around the current price of 90.05, which sits close to the channel support. This could offer an entry point near a potential continuation of the upward move. Target Levels: Initial bullish targets lie at the resistance levels of 90.73 and 91.06, marking previous resistance zones within the channel. Stop-Loss: To manage risk, place a stop-loss order below the support line of the broken channel, around 89.85. This helps limit potential losses if the price reverses and breaks back down. Thank you
Long
by KABHI_TA_TRADING
3
GBP/USD H4 Triangle BreakoutGBP/USD H4 Triangle Breakout Hints at Downside: Potential Sell Opportunity Emerges The GBP/USD pair on the H4 chart exhibits a bearish signal suggestive of a potential decline in the coming hours. A recent downward breakout from a symmetrical triangle pattern could offer a shorting opportunity. Key Points: Triangle Breakout: The price has been consolidating within a triangle formation, characterized by converging support and resistance lines. This often indicates indecision before a decisive move. However, the recent break below the lower support line at 1.2650 signifies a shift in momentum towards the downside. Sell Entry: Consider entering a short position around the current price of 1.2650, offering an entry point close to the breakout level. Target Levels: Initial bearish targets lie at the support levels of 1.2422 and 1.2317, marking previous support zones within the triangle. Stop-Loss: To manage risk, place a stop-loss order above the resistance line of the broken triangle at 1.2800 Fundamental Updates : January 2024: The NFP report exceeded expectations, showing a gain of 353,000 jobs despite forecasts of 180,000. This robust job growth suggests a strong US labor market and could support the USD by Reinforcing expectations for continued Fed rate hikes: A hawkish Fed stance strengthens the USD against other currencies. US Consumer Price Index (CPI) (Feb 14): A higher-than-expected inflation reading could strengthen the USD as the Fed might be pressured to raise rates further. Conversely, a lower reading could offer some support to the GBP. If you found my post helpful or informative, could you please leave a comment 💬🖌 and hitting that like button💚💚 “Markets are never wrong, but opinions often are.”-Jesse Livermore Good Luck💛💛 Thank you
Short
by KABHI_TA_TRADING
20
SELL NZDJPY Bearish ChannelThe NZD/JPY pair on the M30 timeframe presents a potential selling opportunity due to a well-defined bearish channel pattern. This pattern suggests ongoing downward pressure and a higher likelihood of further declines in the coming minutes or hours. Key Points: Bearish Channel: The price has been trading within a downward-sloping channel defined by two converging lines: a falling resistance line and a falling support line. This ongoing downtrend signals continued selling pressure. Sell Entry: Consider entering a short position around the current price of 89.95, which sits close to the channel resistance. This could offer an entry point near a potential reversal point. Target Levels: Initial bearish targets lie at the support levels of 89.30 and 88.92, marking previous support zones within the channel. Stop-Loss: To manage risk, place a stop-loss order above the channel resistance line at 90.30. This helps limit potential losses if the downtrend breaks unexpectedly. Fundamental Updates : JPY - Service PMI - Now comes with Positive data. Weaker New Zealand Business PMI: Recent data showed a decline in New Zealand's Business PMI for January, raising concerns about the country's economic health and potentially weakening the New Zealand Dollar (NZD).
Short
by KABHI_TA_TRADING
10
XAUUSD H4 Channel PatternThe XAU/USD pair on the H4 chart currently showcases a bearish channel pattern, hinting at potential selling opportunities in the coming days. However, a breakout above the channel could present potential buy opportunities. Sell Opportunity: 1.A potential sell entry could be considered around the current price as it sits closer to the channel resistance. This allows for some buffer before a potential downward move. 2.Targets for the bear case would be the lower support line of the channel or potentially even lower depending on bearish momentum and confirmation from other technical indicators. Shifting to Buy: 1.A break above the upper resistance line of the channel would signal a breakdown of the bearish trend, opening up potential buy opportunities. 2.Entry points for buying could be considered just above the broken resistance or on a retest of the broken line. 3.Targets for the bull case would be the previous swing highs within the channel or higher depending on bullish momentum and confirmation from other technical indicators. Central Bank Decisions: Federal Reserve (Fed) Meeting and Interest Rate Decision (Jan 31): A hawkish Fed with a large rate hike (75bps+) and strong economic projections could strengthen the USD, potentially putting downward pressure on gold. Conversely, dovish hints or smaller increases could boost its safe-haven appeal. Bank of England (BoE) Meeting and Interest Rate Decision (Feb 2): A hawkish BoE could also strengthen the USD and weigh on gold. Dovish signals might offer some support. US Non-Farm Payrolls (Feb 2): A robust US jobs report might reinforce hawkish Fed expectations and weigh on GBP/USD. Conversely, weaker data could dampen USD strength and lend some support to the pound. If you found my post helpful or informative, could you please leave a comment 💬🖌 and hitting that like button💚💚 “Markets are never wrong, but opinions often are.”-Jesse Livermore Good Luck💛💛 Thank you
OANDA:XAUUSDShort
by KABHI_TA_TRADING
7
GBPUSD H4 Bullish ChannelGBP/USD H4 Bullish Channel: Opportunities for Both Long and Short The GBP/USD pair on the H4 chart currently exhibits a bullish channel pattern, offering potential short-term buy and sell opportunities depending on price action. Here's a breakdown: Buy Opportunity: 1. A potential buy entry could be considered near the current price as it hovers closer to the channel support. This allows for some buffer before a potential bounce upwards. 2. Targets for the bull case would be the upper resistance line or potentially even higher depending on momentum and confirmation from other technical indicators. Shifting to Short: 1. A break below the lower support line of the channel would signal a breakdown of the bullish trend, opening up potential sell opportunities. 2. Entry points for shorting could be considered just below the broken support or on a retest of the broken line. 3. Targets for the bear case would be the previous swing lows within the channel or deeper depending on bearish momentum and confirmation from other technical indicators. Central Bank Decisions: Federal Reserve (Fed) Meeting and Interest Rate Decision (Jan 31): This is the biggest event. A hawkish Fed with a large rate hike (75bps+) and strong economic projections could significantly strengthen the USD against the GBP. Conversely, dovish hints or smaller increases could favor the GBP. Bank of England (BoE) Meeting and Interest Rate Decision (Feb 2): While the BoE is expected to raise rates again, the focus will be on the size (25bps or 50bps) and future policy guidance. Dovish pronouncements could weaken the GBP, while hawkish inclinations might offer some support. US Non-Farm Payrolls (Feb 2): A robust US jobs report might reinforce hawkish Fed expectations and weigh on GBP/USD. Conversely, weaker data could dampen USD strength and lend some support to the pound. If you found my post helpful or informative, could you please leave a comment 💬🖌 and hitting that like button💚💚 “Markets are never wrong, but opinions often are.”-Jesse Livermore Good Luck💛💛 Thank you
Long
by KABHI_TA_TRADING
1