EUR USD Trade Setup Daily Timeframe.EUR USD is currently sitting on a Daily Support level and the price is showing signs of bullish momentum by forming a bullish Engulfing candlestick, so we will be looking for buying opportunities.
To get our buy entry lets scale down to the lower timeframe to identify patterns and entry confirmation.
Buysellsignal
ETH Ethereum Potential retracement soonIf you haven`t bought the recent Double Bottom on ETH:
Now Ethereum might be facing bearish pressure following the U.S. Department of Justice's (DOJ) launch of a criminal investigation into Tether, the issuer of the widely used stablecoin USDT.
According to reports from the Wall Street Journal, this investigation is led by the U.S. attorney’s office in Manhattan and focuses on potential violations of sanctions and anti-money laundering regulations.
As Tether’s USDT is a crucial component of the cryptocurrency ecosystem, widely utilized for trading and liquidity on various platforms, any negative developments regarding its regulatory compliance could have significant ramifications for Ethereum. Tether's stability and its ability to maintain its peg to the U.S. dollar are vital for many trading pairs involving Ethereum. If the investigation reveals serious issues, it could lead to a loss of confidence in USDT, prompting traders to seek safer alternatives or even pull out of the market altogether.
The ripple effects of Tether’s troubles may extend to Ethereum and other cryptocurrencies that depend on stablecoins for liquidity. A decline in USDT’s credibility could trigger panic selling, as traders rush to liquidate their positions in Ethereum and other assets, leading to increased volatility and downward pressure on prices. This scenario could particularly impact Ethereum, given its integral role in decentralized finance (DeFi), where USDT is frequently used for collateral and trading.
The scrutiny surrounding Tether may prompt regulators to cast a wider net over the cryptocurrency market, leading to increased oversight of other stablecoins and projects operating on the Ethereum network. This heightened regulatory environment could deter new investments and innovations within the Ethereum ecosystem, hindering its growth potential.
Buy Position on GBPusd (Reward 6.5)OANDA:GBPUSD
In order to the EX zone in 4H time frame,
We go to 15m time frame to enter the buy position more efficiently.
Note: In EX zones, we can enter the position without any confirmation, but we always get better win rate by waiting for a confirmation signals to form.
The confirmation signals in my strategy (Tactical Smart Money) are two kind:
1. SCOB (single candle order block)
2. ChoCh in lower time frame
As always: Make sure you have a good partial exit plan, AND
"KEEP CALM & OBEY YOUR PLANS."
Happy trading..
Cheers,
Aurio
#Crypto #Trading #Bitcoin #markets #Finance #Forex #BTC CRYPTOCAP:BTC
Buy Position on BTCusdt 1HMEXC:BTCUSDT
Why should we buy here?
Simply because this MPL is our last POI we have on Major Structure in 1H time frame.
As you can see
Also we can open 2 position at the same time and price, but manage them differently.
In other words we can set partial exit at 2.5 reward & 7 reward.
It is better to have 2 targets, not more and not less..
"KEEP CALM & OBEY YOUR PLANS."
I will update Bitcoin and Gold regularly,
Happy trading..
Cheers,
Aurio
#Crypto #Trading #Bitcoin #markets #Finance #Forex #BTC CRYPTOCAP:BTC
GBPJPYGBPJPY . Potential long opportunity.
This is an update on the previous analysis we have posted.
We have been waiting on the break of our KL (Key Level) 195.971 . Today we broke that level and made a pullback to our PBA 1 (Pullback Area) .
We believe that GBPJPY will continue to the upside with next levels to target at 199.180 where our TP (Take Profit) is sitting at. We were trading between our PBA’s since start of the month. Our SL (Stop Loss) is above our PBA 2 at 194.339 . Breaks below PBA 2 would result in break to the downside and we would see the price reach even lower prices.
PARAMETERS
- Entry: 195.774
- SL: 194.339
- TP: 199.180
KEY NOTES
- GBPJPY has broken below our KL (Key Level) 195.971.
- We have retested PBA 1 (195.600)
- Break below our SL could result in deeper pullbacks and breaks of PBA 2.
Happy trading!
FxPocket
EURUSD Sellas we were bearish last week and now still this week too we are bearish although we have NFP pending this week if data goes into favor we will have a rally downwards and profits will be taken
we have some bearish confluences over the pair which are lined up as
Confluence
EUR vs Dollar is in bearish trend from Monthly to weekly to daily to H4 to H1 we are all bearish
the pair is making Lower highs and Lower low formation from last week and has completed its retracment and am waiting for BOS only we will go bearish over it
Geo politics is also a factor for EUR to be bearish All currencies are affectee of this Situation
we will be bearish this week and let the price play if any change in price character is seen i will be mentioning that into my analysis
AMZN Amazon Options Ahead of EarningsIf you haven`t bought AMAZN before the previous earnings:
Now analyzing the options chain and the chart patterns of AMZN Amazon prior to the earnings report this week,
I would consider purchasing the 190usd strike price Puts with
an expiration date of 2025-1-17,
for a premium of approximately $11.65.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
AAPL Apple Options Ahead of Earnings If you haven`t bought AAPL before this major breakout:
Now analyzing the options chain and the chart patterns of AAPL Apple prior to the earnings report this week,
I would consider purchasing the 232.5usd strike price Calls with
an expiration date of 2024-11-1,
for a premium of approximately $4.05.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
GBP/JPY: Ascending Triangle BreakoutThe GBP/JPY pair is currently in a consolidation phase, forming an ascending triangle pattern. The price action shows a consistent formation of higher lows, indicating potential momentum for an upcoming breakout. A buying opportunity may arise if the price breaks above the key level of 197.149. It is essential to prioritize risk management when considering this trade.
MS Morgan Stanley Options Ahead of EarningsAnalyzing the options chain and the chart patterns of MS Morgan Stanley prior to the earnings report this week,
I would consider purchasing the 115usd strike price Calls with
an expiration date of 2024-11-15,
for a premium of approximately $2.26.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Is EUR/USD oversold? Time to Buy?Is EUR/USD oversold? Time to Buy?
EUR/USD has been experiencing a robust downtrend on the 30-minute chart since 30 September. This bearish movement was triggered after the pair encountered a significant resistance area, forming a double top configuration on the daily chart.
From a 30-minute perspective, EUR/USD has remained on the same side of the 200-period moving average for 710 candles, indicating that the pair may be in an oversold condition and that the downtrend could be maturing. Statistically, most directional movements typically accumulate between 300 and 400 candles on one side of the 200-period moving average.
Shift from Seller to Buyer Interest:
Since the inception of the downtrend, this marks the first instance where EUR/USD has made an upward move that corresponds to the preceding downward move. This development signals a potential shift in market sentiment from bearish to bullish and could also be interpreted as a bullish engulfing pattern.
Currently, EUR/USD is situated in the 38.2% Fibonacci retracement level on the 30-minute chart, which may serve as a support zone.
Key Levels to Monitor:
The main areas of interest for today are 1.0830 and 1.0850, which have the potential to support the price action. A buying opportunity could materialise if EUR/USD manages to break above 1.0855. Should this occur, it may lead to an upward movement towards the 1.0945 area later this week.
Conversely, an alternative scenario may unfold if EUR/USD breaks below 1.0820, which could prompt a decline towards the 1.0775 region within the week.
Treading Carefully Amidst Potential Changes
In summary, while EUR/USD is currently entrenched in a downtrend, emerging indicators and patterns suggest the possibility of a trend reversal. Traders should remain vigilant around the critical levels mentioned, as these will be pivotal in determining the pair's next movements.
Disclaimer:
74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Past performance is not necessarily indicative of future results. The value of investments may fall as well as rise and the investor may not get back the amount initially invested. This content is not intended for nor applicable to residents of the UK.
XAU ! 10/18 ! Weekend price increaseXAU / USD trend forecast October 18, 2024
On Thursday, the European Central Bank cut interest rates for the third time this year, the first consecutive cuts in 13 years, and signaled more reductions due to the worsening economic outlook. The Federal Reserve is also expected to lower rates again after a significant cut in September, while weak UK inflation data has strengthened expectations for more aggressive easing by the Bank of England.
price increase to create new ATH - continue to wait for new ATH at the end of the week. FOMO is huge
/// SELL XAU : zone 2723-2726
SL: 2731
TP: 50 - 100 - 300 pips (2696)
Safe and profitable trading
Gold OutlookAs i told in my previous anylisis gold will break its Resistance level and after a retest it will retouch its previous ATH, so exactly gold has broken its Resistance level above, and going to test it 💪, if price sustains over the Resistance and Resistance becomes Support , it will be a potential buy another confluence for being Bullish is we have observed a 1H Bullish morobozou Momentum candle,
and price is above its high which is not yet broken , if price Hits its low (not high) then we will be thinking 🤔 about being bearish, another confluence is 50 SMA which also tells us price is in buy Mode on Monthly to weekly to daily to H4 to H1 timeframe, so after seeing these many confluences we will remain bullish on Gold until next move to either side
ZM Zoom Video Communications Potential BreakoutIf you haven`t bought ZM at the end of the giant falling wedge:
Now Zoom Video Communications (ZM) is currently showing a bullish pennant pattern, which is often a precursor to an upward breakout.
With the stock approaching the $72 level, a breakout could lead to a swift move higher, given the strong technical setup.
For speculative traders, buying the $72 strike price calls expiring this Friday at a $0.12 premium offers an appealing risk-reward ratio.
If ZM breaks above the resistance, these calls could rapidly gain value.
QCOM DOWNWARD TREND BREAKOUT TO THE UPSIDE! 20% MOVE NASDAQ:QCOM DOWNWARD TREND BREAKOUT TO THE UPSIDE! 20% MOVE INBOUND!
NASDAQ:QCOM IS ON THE UP AND UP!
- Symmetrical Triangle Breakout
- Stochastic Curling Upward
- MACD Crossing Zero Line
- RSI Higher Highs
CATALYST: SEMIS ON THE RUN AGAIN!
Not Financial Advice!
USDCAD Sell To BuyDefined divergence relative to the markets as a whole and over extended up trend within the chart. Regardless of if this is the end of bullishness or just a correction, a correction is incoming. The buy is either a retest of the leftover high, or a continuation of current uptrend. Trade Safe, Trade Smart, Trade Drippy!
Very Good buying Area in ENSUSDT to make atleast 15%
the pink zones are Monthly zones
and purple for weekly
i belive this weekly zone inside the monthly zone
is a very good price to but
and the price will ladder upwards from here
as you see my stoploss is under the weekly zone
if this zone breaks we are going down , if the price intend to go high
and ladder up it will use this zone so thats why we should but.
Good luck to all of you guys lets see what happens in next weeks.
STZ Constellation Brands Options Ahead of EarningsAnalyzing the options chain and the chart patterns of STZ Constellation Brands prior to the earnings report this week,
I would consider purchasing the 240usd strike price Puts with
an expiration date of 2024-10-18,
for a premium of approximately $0.90.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
FXI Still Time to Capitalize on the China Stimulus RallyThe recent surge in Chinese stocks following China’s central bank stimulus announcement signals a promising opportunity for those looking at the iShares China Large-Cap ETF. The stimulus package, part of a series of aggressive moves from Chinese policymakers, reflects a significant shift in their approach to economic management. For years, China hesitated to implement large-scale stimulus measures, fearing the long-term risks. However, the latest actions show that this cautious mindset has been abandoned, with the government now prioritizing immediate economic recovery.
This newfound willingness to deploy powerful monetary tools suggests that China’s central bank is prepared to act decisively to combat the economic pressures the country is facing. With this level of commitment, it’s reasonable to expect that the stimulus will have a meaningful impact, potentially accelerating growth in key sectors. The iShares China Large-Cap ETF, which tracks some of the largest Chinese companies, stands to benefit significantly from this shift. As these companies often reflect the broader health of China’s economy, investors could see strong gains in the near term as the effects of the stimulus ripple through the markets.
Given the central bank's proactive measures and the potential for further interventions, the iShares China Large-Cap ETF presents a compelling opportunity for bullish investors who want to capitalize on China's economic rebound.
ICPUSDT - BUY OPPORTUNITY- ICP Update -
ICP is one amazing blockchain, within its ecosystem, it can handle gaming, social, web3, Ai etc
DYOR!!! There's just too much about ICP which you can read up on their webpage.
I am personally buying this coin within BUY area, Holding to target areas and potentially SWING TARGET.
My SWING TARGET for ICP for near future is +$150 - $250, this coin 100% deserves 3 digits at fair value, its one of those coins that is built to handle future web3 projects, its utility is amazing, the transaction speeds are insanely fast, if so, even faster than SOLANA. This coin holds its value and reputation in my opinion amongst SOLANA and ETHEREUM, possibly flip SOLANA in near future!!!
The blockchain is just built for the future, and with recent announcement regarding Ai model integrated within the blockchain, This by far is one solid and positive outlook for the future of this blockchain. As the future technology continues to progress and evolve around Web3 and mass adoption of crypto takes off. This coin will surely (in my opinion) be key player within the Web3 industry as well as Ai !!!
We can only look forward from here and accumulate as much as possible, todays price is a steal for this GEM!!! Todays price will be a history in the future! that is my personal view and outlook! I could be totally wrong, lets wait and see.
If this coin dips before Bitcoin halving, I will look further to add to my moon bag.
Trade Safe Habibis
** Crypto is highly volatile and risky, profits are never guaranteed, only risk what you can afford to lose **
GBPJPYAs per our last mind we asked you guys which pair you want and analysis for. The public has asked for GBPJPY . Here is our view.
As of now, GBPJPY is sitting at our PBA 2 (Pullback Area). If we break above 193.290 (October 1st highs) we will continue to the upside .
However ,
If we break below our PBA 2 192.000 , we could see a downside move to our PBA 1 . Breaks below could also result in lower prices.
We advise you not to enter in any trades until breaks of either 193.290 or 192.000 .
We will send out the update once a break happens.
KEY NOTES
- GBPJPY has fallen to our PBA 2.
- Important levels to break are 193.290 or 192.000.
- Break above 193.290 would confirm higher highs.
- Break below 192.000 would confirm lower lows.
Happy trading!
FxPocket