EURCHF 2023 Yearly Structure OLHC (Buy Signal)
EURCHF2023
YEARLY STRUCTURE
OLHC (BUY SETUP)
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In the year 2023, FX:EURCHF EURCHF commenced with a low opening, accompanied by a remarkable bullish divergence observed from October 2022 to the current market price in July 2023. Notably, the price is currently experiencing rejection at the monthly support level of 0.95156 .
An ideal buy setup will materialize upon the price's closure above the Buy zone, specifically at 0.95962 , coupled with a bullish TDI cross, signifying the active presence of buyers in the markets.
Upon the occurrence of the TDI cross for buys, the first take profit target will be set at 0.97855 . Subsequently, the second take profit level will be aimed at the yearly open of 2023, standing at 0.98661 . Furthermore, should the price break above the 2023 open, the third take profit level will be based on last year's open, as the price was unable to reach that target previously, located at 1.03522 .
As always, prudent monitoring and cautiousness are advised to make well-informed decisions.
In the year 2023, FX:EURCHF EURCHF commenced with a low opening, accompanied by a remarkable bullish divergence observed from October 2022 to the current market price in July 2023. Notably, the price is currently experiencing rejection at the monthly support level of 0.95156 .
An ideal buy setup will materialize upon the price's closure above the Buy zone, specifically at 0.95962 , coupled with a bullish TDI cross, signifying the active presence of buyers in the markets.
Upon the occurrence of the TDI cross for buys, the first take profit target will be set at 0.97855 . Subsequently, the second take profit level will be aimed at the yearly open of 2023, standing at 0.98661 . Furthermore, should the price break above the 2023 open, the third take profit level will be based on last year's open, as the price was unable to reach that target previously, located at 1.03522 .
As always, prudent monitoring and cautiousness are advised to make well-informed decisions.
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It is crucial to exercise patience and await the TDI cross before taking any action.
Trade with Caution. Wait for valid entries.
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P A T I E N C E + D I S C I P L I N E
Buyopportunity
META Entry, Volume, Target, StopEntry: with price above 316.24
Volume: with volume greater than 30M
Target: 333.91 area (this is an area, no guarantee it reaches this price, but you should be selling on the way up)
Stop: Depending on your risk tolerance; Based on an entry of 316.25, 307.40 gets you 2/1 Reward to Risk Ratio.
This LONG swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
EURAUD I Long from bottom of the channelWelcome back! Let me know your thoughts in the comments!
** EURAUD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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GBPJPY (4Hr) Double Bottom Breakout and RetestGBPJPY formed a Double Bottom pattern on the 4Hr and 1Hr time frames with the left bottom at 179.47, right bottom at 179.73 and the neck region at 182.28. The height of the pattern is approximately 280pips.
The neck region was broken to the upside on 21 July with price reaching 182.51. A pullback to the July 10 trend line at 181.20 was seen shortly. This trend line provided a good support and turned the price northward from 181.10.
We need to see price reclaim 182.52 to open the door for long opportunity to 184.10 (first); then 185.10 levels.
Keeps pushingPrice keeps pushing higher. It found the downtrend resistance but it wasn't pushed back down to hard. Actually the price is testing again the resistance and I think eventually is going to break up. We may see another small rejection but bulls are in control at the moment. The nice this thing about this trade is that Citigroup pays dividends (%4.03 yield, not bad). So you can enjoy the dividends while you wait for a break up.
QSI Growth Thesis ! ARK Biggest Shareholder Accumulating !Quantum-Si (QSI), currently trading at $1.55, presents an intriguing growth opportunity with the potential to at least double in value. Several factors contribute to this growth thesis:
Disruptive Technology: QSI's technology has the capability to revolutionize the discovery of new diagnostic tests and pharmaceuticals through digitization. By leveraging AI and digitizing the industry, QSI can significantly accelerate and reduce the cost of these discoveries. The implementation of AI has the potential to exponentially enhance the speed and efficiency of the process, positioning QSI at the forefront of innovation in the field.
Founder's Confidence: Jonathan Rothberg, the founder of QSI, has displayed unwavering confidence in the company's future. Notably, Rothberg has not sold a single share and, in fact, acquired tens of thousands of shares in the $3-4 range last year. This demonstrates his belief in the company's long-term potential, which is a rarity among new companies. In contrast to many other recent IPOs, where founders and CEOs have been selling shares, Rothberg's continued investment reflects his dedication and commitment to QSI's success.
Strong Financial Position: QSI boasts a robust financial position with over $330 million in cash and zero debt. This substantial cash reserve provides the company with a secure foundation and ample resources to fund operations for at least three years. This financial stability is uncommon for a company that went public through a SPAC, instilling confidence in QSI's ability to execute its plans without facing immediate financial constraints.
Strengthening Executive Team: QSI has been bolstering its executive team, attracting talented individuals from reputable companies such as ILMN (Illumina). This strategic move enhances QSI's expertise and further positions the company for successful execution of its plans. The addition of experienced professionals from a prominent industry player underscores QSI's commitment to assembling a capable team to drive growth and innovation.
ARK's Support: ARK, an influential investment firm, has been actively accumulating QSI shares, driving up demand and limiting the availability of public shares. With approximately 9.75% ownership in QSI and an average acquisition price of $9.91, ARK's confidence in the company's potential is evident. Their continued investments, as seen in their recent purchase worth $675K, signal a positive outlook for QSI and attract attention from other investors.
From a technical analysis perspective, Quantum-Si (QSI) appears to be forming a double bottom pattern, which can indicate a potential trend reversal and a bullish signal. The double bottom pattern is characterized by two distinct price lows, with a moderate upward price movement in between, forming a "W" shape on the chart.
In the case of QSI, the formation of a double bottom pattern suggests that selling pressure may be diminishing, and buyers could potentially step in to drive the stock's price higher. This pattern often signifies a shift in market sentiment from bearish to bullish.
Based on the double bottom pattern, some technical analysts may project a potential price target. In this case, the price target of $1.93 indicates the expected upside move if QSI breaks above the pattern's neckline or resistance level.
Considering these factors, Quantum-Si (QSI) presents an intriguing growth opportunity. The disruptive technology, founder's confidence, strong financial position, strengthened executive team, and support from influential investors contribute to a compelling investment thesis. While investments involve risks, QSI's current valuation of $1.55 potentially offers significant upside, with the potential for at least doubling in value based on the provided information.
Looking forward to read your opinion about it!
GOLD major longGOLD LONG
here we have gold on his way to fill many of the unfilled orders that it made when it made a change of character we have two major areas of demand that have absurd potential to flip the lrice after the downtrend it's been making amd will continue to make until it reacts on one of these areas, if price broke the highest area it will continue for sure to the next to fill any remaining orders and definitely there are, it WILL reject on that lower level for sure because there will be a strong demand basically from everyone, governments, the fed, hedge funds, retail...
Basically no one wants to see gold go lower than 1600 and that is a fact, considering where the world is going and the war that is just starting up, everyone know what's going to happen anyways, people are just waiting for it
If you could BUY GOLD with everything you got
And if you don't just BORROW AND DO IT ANYWAY
CZ THIS IS GOING TO MAKE YOU RICH FOR A FACT
Hope my message reach you somehow
Alhamdulilah 🙏🏽
EURUSD short-term buy, watch out!Price reacted to a demand zone level 1.08647 indicating a possible further push to the upside as a continuation of the move, a possible short-term buy should be around 1.08743 area, as target should be above the Asian high 1.09143, because the bearish retracement is cause by a bigger time frame.
Possible Bullish pattern on ARRYNice and pretty strong pattern is forming on the weekly time frame on ARRY- Array Technologies, the one called Ascending Triangle pattern. The formation is clearly visible with three confirmations already made at the top, and the best part, once it reaches the bottom line of the formation the drop is getting smaller and smaller.
Things to consider and watch:
1. Perfect entry point for me would be break of the upper line of the Ascending Pattern formation, sitting at price range from $23.76 to $24.
2. My stop loss would be a bit larger, sitting at $20, but I would be eager to act and move it up as the price goes up as well( of course if this happens).
3. First potential exit or adding to the position, depending on the price action, will be at level sitting at $27.88.
4. One of the best points in price, for potential take profit taking and the level I will be considering as the end of the Ascending Triangle pattern is sitting at range from $40 to $42.5 price level.
5. I have doubt about exiting the trade if it reaches the potential price of the pattern at $42.5, because the ATH price level will be just there, so I will surely let the price action tell me what to do and when to do it.
Of course, this is just my two cents. Please do your due diligence before investing.
EURUSD Bullishness!!!Hello traders,
Since last week, we saw EURUSD price on a downtrend until Friday when there was a Break in Market structure and a change in the direction of the general trend.
I am anticipating a bullish EURUSD this coming week with our entry at the Fair Value Gap.
Good luck.Trade responsibility.
Potential Long on Gold- Target at 2010The gold price is currently facing resistance below the HKEX:2 ,000 level due to concerns over a possible US default and bets on a hawkish Fed policy. The recent strength in the dollar is also weighing on the price of gold. However, some analysts believe that downside risks are favored ahead of the Fed policy meeting, and that gold may find support around the HKEX:1 ,980 level. The market is currently waiting for clues from the upcoming Fed meeting on the direction of interest rates, which could have a significant impact on the price of gold. Overall, while the short-term outlook for gold may be uncertain, the precious metal remains an attractive asset for long-term investors looking to diversify their portfolio and hedge against inflation.
Summary:
- Potential resistance zone: 2006-2012
-Support zone:1976
- If resistance zone is broken, next stop will be at 2030. Catalyst for bull run will be the JOLTS Job opening @ 12 3rd May
I'm about to Buy GBPUSD I've got several reasons am about to buy GU here:
Broke resistance and retraced
Got break of stucture on H1
Am just waiting for price to create a HL so that I buy ofcourse I'll need a bullish candlestick, moving average Crossover yeah
Im waiting for the news to first I don't want to be stopped out and then the price goes to my direction am just waiting for News AM NOT YET BUYING
WHAT DO YOU THINK??
Multi Year breakout Confirm multi-year breakout on this stock as :
Cmp 2220
TGT 3000-3200-3500++
Sl below 2080
Positive Factors as :
Increased FII Holdings
Good Q3 results
FV 10
Good P/E ratio
EPS 60+
ROE 16+
Follow strict stop loss as the market is unpredictable
Note: Just an idea not any recommendation to buy or sell the particular stock.