Cup & Handle Pattern on GBPUSDFX:GBPUSD
Cup & handle pattern shows that GBPUSD will hit around 1.29800 mark in coming months;
an upside of roughly 3.8%.
Happy Trading !!
Longposition
EUR/CAD BUYFrom a technical analysis perspective, the 1.48 resistance level is critical, and the euro is currently testing this level. If it manages to break through, the next target could be the 1.49 level (Traders Union). However, if the pair fails to hold above this level, it may fall back into the 1.46-1.45 range (DailyForex).
Fundamentally, the market is influenced by economic news from Europe and Canada, as well as oil price movements. Potential rate cuts by the European Central Bank (ECB) and fluctuations in oil prices are significant factors. For example, a drop in oil prices can weaken the Canadian dollar, given Canada's role as a major oil exporter (FX Empire) (Traders Union).
Overall, the EUR/CAD currency pair might remain in a consolidation phase in the short term, with traders closely monitoring key technical levels and fundamental news to determine the next moves. Market sentiment is mixed, and volatility is expected to continue in the near future.
PVR has reached its cheapest price ever PVR has fulfilled his overvalued price. 40% reduced from all time high and this is too much cheap in nature. DO SIP or invest doesn't matter, do whatever you want
Fair value has come and we may invest now .
1st target will be around 18% and 2nd one is 28%.
ENTRY PRICE 1340
TARGET 1 1590 (18%)
TAEGET 2 1720 (28%)
BACKUP PLAN if you will have some profits in your hand you should CREATE TRAILING GTT order to breakeven or COST TO COST entry price. don't be so greedy.
see you soon
EGLD PlanEGLD appears promising at the current level. If it holds here, an upward movement is likely. Keep a close watch on it and always manage your risk effectively.
Long-Term Position on BTC Using CRYPTOCHEATER BTC 15min IndicatoToday, I am making the decision to go long on Bitcoin (BTC) on the 15-minute chart, based on the signals from my CRYPTOCHEATER BTC 15min indicator.
Action Plan:
Opening Position: Enter a long position at the current market price.
Stop-Loss: Set a stop-loss below the MA20 to minimize potential losses.
Take-Profit: The target value will be determined based on price dynamics and resistance levels.
Note: Trading cryptocurrencies involves a high level of risk, and each trader should conduct their own analysis before making trading decisions.
Manta - Possible Cup and Handle Formation - LONGJust my idea of Possible Cup and Handle Formation in BINANCE:MANTAUSDT
Long Position
LONG! Bitcoins hit current support - BTC ready for up trendBTC has confirmed support on the daily, We have alot of market indecision and have had sideways price movement testing our bull market support.
As investors pre [are to liquidate and take up short positions BTC has failed to experience any confirmation, volume.
Without volume to confirm the price direction when the price has fallen below support the Price has recovered on all charts up to daily with backtest
We have the appearance of a Morning star Doji candle on the daily with the body above the star (rising) that should Boost Confidence and get us back above !68k
Watch for the daily close to close above open
I am getting in position with a long currently, and will maintain tight stops but am confident to trade at this level
icici Bank channel support Long entryNSE:ICICIBANK icici Bank channel support Long entry above 1135 target 1170
HINDCOPPER LongNSE:HINDCOPPER1! looking strong at this point with the formation of Cup Handle pattern with justified volume support.
Obviously the SL point is too much but for that I would say this is the price level we can expect in down market.
Disclaimer: This is the idea I am sharing for knowledge purpose for me and others and not for recommendation purpose.
Chart Idea - FTMUSDT Swing LongFTMUSDT broke out from it's long bull flag. There are 3 confirmations which lead me to open this long trade.
Bounced
- from the 0.786 fib level
- from upward diagonal support
- from the diagonal support which was the resistance last year in Feb 2023
Entry: 0.76
TP: 1.95
SL: 0.618
It's a swing trade and could take weeks to play out. Will keep on updating on this thread.
Break out time for Karnataka bank. Worth the risk nowRight now in good support area. Expecting upside from here. Hopefully it respects my stop loss. First target 280 maybe more till a resistance up there
Potential move up for next week on UJSetting up a new high on Friday , the trend might stay bullish for next week. Marking up 3 different levels on the 1H with potential formation of a "double bottoms" before continuation.
I will be trading on the 5M but these levels might become significant areas of resistance/support therefore can change the trend and momentum.
Trust The Hustle
Views expressed are my own ;)
Time to accumulate Berger paintsLooks like bottom is in for this share. Safe till it respects the stop loss.
IEX is breaking outafter so many months of side ways this stock is breaking out. Good news for the holders :)
NOTUSDT above the RESISTANCE LEVELHello traders, I am expecting further uptrend from NOTUSDT, expecting to reach the Premium Zone (0.036), and please PAY ATTENTION, this signal is cancelled by breaking (0.018) ...
You can put a SL below 0.018 for a better risk management.
enjoy trading!
OHLC stat mapping + ADR = gemBeautiful long opportunity where +M and 1/3 ADR acted as support for the prize, targeting opposing 1/3! just checkout my profile for how many examples of this Price offere!
If I am long I use this as Support levels and targeting resistance which is opposing ADR or opposing Manipulation / Distribution
Good time to accumulate Cantabil shareEither we can accumulate now or after the break out is confirmed. Sounds promising though :)
Relaxzo is one my stock did not fair well lately. maybe now?I have changed some of plan to this stock. I guess it will perform this time well.
Icici Prudential share looks like forming HS formationIf goes beyond 460 range then we can consider as a breakout. I had little positions but closed around 450 range. Planning to re enter only after breakout.
HS - Head and Shoulder format.
Bit late to long Amrutanjan stock worth tryingJust now seeing this break out. Missed some % of profit. Still it has some gas until previous high.
Good chance for this stock to accumulateThis has grown well lately still technically sounds like it can go higher. worth trying a some now. Either we can enter now or wait for a clear breakout above. Hopefully it respects my stoploss.
Good time to accumulate Borosil Renewals shareLooks like a good Risk reward at this point. Until breaks my Stop loss below worth taking the risk from my angle.
