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Fractal

Higher timeframe resistancePrice mitigated the internal daily supply zone, which is now acting as the highest timeframe resistance. After the mitigation a retracement occurred in a corrective manner to give us a contraction before the volatile move that cleared the swing low at 2.12600. With the swing low being cleared, we have a shift and price has already triggered the breaker block as indicated. We now was liquidity generated about, looking for the liquidity to be swept and the order block to be respected for a clean bearish entry at 2.13200. The stop is 30 pips which is at 2.13500 and the target is 2.11700 which is a total of 150 pips, the anticipation is a 1:5 trade…
by tokelohomi
Using Probability to Guide My Long Positions on NZDUSDThe NZDUSD pair is showing bullish potential due to several key factors. Recent US inflation data came in softer than expected, which could lead to a more dovish stance from the Federal Reserve. Additionally, the Fed's recent interest rate cut is likely to weaken the US dollar, benefiting the New Zealand dollar. These factors, combined with NZDUSD's positive momentum over the past week and month, support a bullish outlook for the pair. To capitalize on this potential, I'm using probability-based analysis to enter long positions. By focusing on high-probability setups, I aim to achieve more consistent results over time. 12M: 2W: 1H: I’d love to hear your thoughts on the NZDUSD outlook and my trading strategy. Please share your insights or questions in the comments below!
Long
by Jasminex1x2
Market Insights: Why Now is the Time to Go Long on SPX500USDThe S&P 500 continues to show resilience, and my overall bias remains bullish. Several key fundamentals support this outlook: 1. Cooling inflation: Recent data suggests inflation is moderating, potentially easing pressure on the Federal Reserve. 2. Strong labor market: Unemployment remains low, supporting consumer spending and economic stability. 3. Technological advancements: Ongoing AI and tech innovations are driving productivity and growth across sectors. 4. Corporate earnings resilience: Many companies are adapting well to the current economic environment, maintaining profitability. To capitalize on this bullish trend while managing risk, I'm utilizing probabilities in my chart analysis to identify optimal entry points for long positions. 12M: 2W: 12H: I’d love to hear your thoughts on this trade idea! What are your views on SPX500USD? Feel free to share your insights and opinions below!
OANDA:SPX500USDLong
by Jasminex1x2
QQQ at $820: Madness or Possibility?Disclaimer: First and foremost, it's important to clarify that this analysis is not a buy recommendation, nor was it made with the expectation that prices will definitely reach this target. The goal here is to share a technical perspective and offer another piece of information for traders and investors to consider. In technical analysis, especially in the classical approach, there are no certainties. My intention was simply to share an interesting idea I noticed while applying concepts from the literature. Hey everyone, I’ve been looking at the weekly chart of NASDAQ:QQQ , and it seems we’re following a pretty healthy uptrend. From what I’m seeing, we might be on the way to a wave 5 (Elliott Wave) of this upward move, which is quite interesting. To back up this analysis, I took a look at John Murphy’s classic book , Technical Analysis of the Financial Markets , to review Fibonacci projections. Applying Fibonacci to Wave 5 John Murphy gives some great tips on how to project the top of wave 5 using Fibonacci. In chapter 13 (page 346), he says the following: "The top of wave 5 can be approximated by multiplying wave 1 by 3.236 (2x1.618) and adding that value to the top or bottom of wave 1 for maximum or minimum targets." And there's another one: "Where waves 1 and 3 are roughly equal, and wave 5 is expected to extend, a price target can be obtained by measuring the distance from the bottom of wave 1 to the top of wave 3, multiplying it by 1.618, and adding the result to the bottom of wave 4." Applying This to the Weekly QQQ Chart So, I applied these ideas to the QQQ weekly chart and, honestly, I came up with a wave 5 target between $820 and $830 . Yes, it seems quite far from the current levels, and I admit that at first, it sounded a bit exaggerated. But, following Murphy's reasoning, these are the numbers that make sense based on Fibonacci projections. But is that realistic? I know, it’s a bit of a surreal target, right? $820 - $830 is far off, especially considering where we are now, but following the Fibonacci rules that John Murphy describes, we can’t entirely rule out this possibility. 😅 Even though these values might seem unlikely at first glance, technical analysis encourages us to keep an open mind about future possibilities. Still, one question struck me while doing this analysis: What could actually make wave 5 extend this much? I'd love to hear your thoughts! Do you think there are other factors at play that could push the price this high, or is this projection too ambitious? Share your insights in the comments, and let's discuss it together!
NASDAQ:QQQ
by LuccasChartRoom