GBPJPYGBPJPY . Potential long opportunity.
With our last analysis on GBPJPY working out, we are still bullish on the pair with current elections going on. We are still extremely bullish on GBPJPY especially due to the reason BoJ (Bank of Japan) still can’t risk to raise their interest rates aggressively due to the downside risk on their stock market.
We have been waiting on the break of our previous TP (Take Profit) for us to continue to the upside. Our entry is at 199.182 , with SL (Stop Loss) sitting at 197.786 . Keep in mind we still have the gap on GBPJPY that has happened. Our TP (Take Profit) is sitting at 203.816 but we will trace it with our KL’s (Key Levels) marked with yellow lines. We will send out updates on this analysis.
PARAMETERS
- Entry: 199.182
- SL: 197.786
- TP: 203.816
KEY NOTES
- Last H4 on GBPJPY has closed bullish.
- We have broken past the last high.
- Breaks above our KL’s would result in higher prices.
Happy trading!
FxPocket
Longsetup
Gold Targeting 2,758 - Buying OpportunityGold (XAUUSD) is in an uptrend, reinforced by the EMA (34 and 89) lines below the price and a strong upward trendline as support.
The key resistance level at 2,758.006 is likely the next target. If the price slightly retraces to the trendline and rebounds, or if it breaks through this resistance, the uptrend is expected to strengthen.
This presents a potential buying opportunity if the price reacts positively at the trendline or gives a clear breakout signal at resistance.
Investors should monitor upcoming economic events, as these could cause significant volatility in gold prices.
October 26, 2024! Xau! Cow marketGold price increased slightly on Friday after recovery after profit -taking due to tensions in the Middle East and worried about the election in the United States that supported the price, while the palladium price expanded to the highest level in 10. month.
The monetary loosening policy of large central banks is also a factor to promote gold prices. According to CME's Fedwatch Tool, the market expected 97% of the US Federal Reserve (Fed) to reduce interest rates in the November meeting, helping to support gold prices.
Technically: The main and long -term trend is still increasing the price on almost all time frames. On the other hand, before the weekend gold price has a spectacular breakthrough from the resistance level 2740, this shows the significant power of the ruling faction. In addition, technical factors also support gold prices, promoting the purchase of markets of the market will continue without any significant reversal. Thereby, has expected the upward trend to continue, capable of achieving high levels of about $ 2758 earlier. Currently this pair of money is fluctuating about $ 2747 and close to the psychological threshold of $ 2750.
Gold waiting for new waves: The opportunity to grow this weekHello everyone,
What are your thoughts on gold prices? Let’s discuss and strategize together today!
Looking back at last week, despite facing strong profit-taking pressure after reaching a new record high, gold demonstrated its resilience and ended the week around $30 higher than the previous week’s close. As of early Monday, it is trading near 2733 and performing well within an upward channel on the 1-hour chart.
Key factors impacting gold this week: Gold prices are expected to experience significant volatility this week as the market anticipates several crucial data releases, including the U.S. jobs report on Friday morning. Currently, economists predict 140,000 new jobs for September, a notable decrease from August’s 254,000. Investors are also watching for Q3 growth data, pending home sales, the Bank of Japan's monetary policy decision, core PCE index, personal income and spending for September, and weekly jobless claims. These data points will provide investors with more clues about the Federal Reserve’s future monetary policy direction, which could impact gold’s trajectory.
Outlook for XAUUSD: On the 1-hour chart, as Ben mentioned earlier, XAUUSD currently has strong support around the 2725 level. A break below this level could lead to a significant price drop, while maintaining it would support further gains. Upon close observation, it’s evident that the pair is gaining upward momentum from the trendline, and a recently opened gap has bolstered buying sentiment. If the upward momentum continues, the next resistance targets for XAUUSD are 2747 and 2758.
filled GAP, sideway XAU monday⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
The US Dollar extended its recent four-week rally, reaching its highest level since July 30, as expectations grew for a more cautious rate cut approach from the Federal Reserve. The CME Group's FedWatch Tool shows that markets have almost fully priced in a standard 25 basis points rate cut by the Fed at its November policy meeting. Meanwhile, the latest poll suggests a close race between Vice President Kamala Harris and Republican nominee Donald Trump, with concerns mounting over deficit spending after the November 5 presidential election.
⭐️Personal comments NOVA:
Sideway Gold price at the beginning of the week on Monday - in the price range 2717 - 2745
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2755 - $2757 SL $2762
TP1: $2748
TP2: $2740
TP3: $2730
🔥BUY GOLD zone: $2717 - $2715 SL $2710
TP1: $2725
TP2: $2733
TP3: $2740
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order.
⭐️NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
GMDCLTDHi guys,
In this chart i Found a Demand Zone in GMDCLTD CHART for Positional entry,
Observed these Levels based on price action and Demand & Supply.
*Don't Take any trades based on this Picture.
... because this chart is for educational purpose only not for Buy or Sell Recommendation..
Thank you
Charging Ahead: Tesla's Journey to Becoming the Next NVIDIA🚀 🚀 🚀 NASDAQ:TSLA Extremely bullish outlook.
The weekly chart just closed last week with a huge bullish range expansion and engulfing bar closing above previous weekly highs signaling BULLS ARE BACK. Price has now completely changed from bearish to bullish. We are now making higher lows and higher highs.
Do keep in mind that a retrace even towards $220’s is still possible, in case this happens this will be the IDEAL LONG ENTRY although it is very unlikely.
From a MACRO perspective, this is one stock that looks ready to finally pump to new all time highs so forget about short time frames trading and focus long term and build your positions by dollar cost averaging your way in.
SWING IDEA - RADICO KHAITANRadico Khaitan , one of India's leading liquor manufacturers, presents a potential swing trade opportunity based on strong technical signals.
Reasons are listed below:
Break of Ascending Triangle Pattern : The stock has broken out of an ascending triangle pattern, indicating strong bullish momentum and a potential continuation of the uptrend.
Bullish Engulfing Candle on Weekly Timeframe : The formation of a bullish engulfing candle on the weekly chart signifies a strong reversal signal, reinforcing the stock's upward movement.
Trading Above 50 and 200 EMA : Radico Khaitan is trading comfortably above both the 50-day and 200-day exponential moving averages, further confirming the strength of the current uptrend.
All-Time High Daily Close : The stock recently closed at an all-time high, indicating strong market confidence and potential for further gains.
Target - 2160 // 2400
Stoploss - daily close below 1625
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
XAUUSD: Breakout or Deep Correction?On the 4-hour chart, XAUUSD is on a strong upward journey but now faces a key resistance zone at 2,758.158. This is a major barrier; if breached, gold could continue its breakout.
However, if it fails to conquer this level, the price may correct down to the support zone at 2,717.700, where the EMA 34 stands firm like a “fortress” safeguarding the uptrend.
Optimal strategy for traders: look for a long position if the price rebounds from support, or short if resistance holds strong. Each price swing is a chance for explosive gains, and your decision is the key to unlocking profits!
GBP/USD Today: Short Term Trend ForecastHello dear friends, a new week has come, wish you lots of energy!
Currently, the GBP/USD exchange rate is fluctuating around 1.2965 and performing well in the downward price channel on the 1-hour chart.
The main reason is that the market is witnessing economic stability in both the UK and the US, as retail sales in both countries exceeded expectations, indicating quite strong consumer spending. In addition, inflation in the UK has dropped to 1.7%, below the Bank of England's target, increasing the possibility of a rate cut in the near future, directly affecting this currency pair.
Wishing you successful trading and good luck in the market!
EURUSD: Should I Buy?Hello everyone!
Overall, EUR/USD is slightly down for the second day in a row, trading around 1.0780 on Monday morning. Looking at the daily chart, you can see that the pair is testing the upper boundary to return to the descending channel pattern. This could reinforce the bearish bias for the pair.
However, there are signs of a potential bottom forming at 1.0760. Furthermore, using the Fibonacci retracement of the first wave, if the rally continues, the next recovery points for EURUSD would be 0.382 (price level 1.085) - 0.618 (price level 1.093) - 0.5 (price level 1.098).
10/25 ! XAU ! stable trading above 2720XAU / USD trend forecast October 25, 2024
Gold prices rose on Thursday as falling US Treasury yields drove demand for safe-haven assets. Increased tensions in the Middle East and concerns about the US election are supporting gold. At the time of writing, XAU/USD is trading at $2,734, up 0.72%.
Despite improved risk appetite, as seen in Wall Street's positive performance, US labor market data remains strong, contrary to the Federal Reserve's projections, which prompted a 50 basis point rate cut in its last meeting to avoid over-tightening.
Gold price is stable, sideways after a strong increase at the beginning of the week, sideways in the price range of 2720 - 2758
/// SELL XAU : zone 2756-2759
SL: 2764
TP: 50 - 200 - 300 pips (2728)
/// BUY XAU : zone 2710-2713
SL: 2705
TP: 50 - 200 - 300 pips (2740)
Safe and profitable trading
SAKSEN Technologies Swing TradeSASKEN Technologies respecting trend line in Weekly time frame and following uptrend, if price moving above 1755 then we can go long with approx 18% SL and 36 % Reward, 1:2 risk reward.
Enter only if this trade looking interesting and can manage quantity as per the stop loss.
Note : Its just an analysis, wait for the price to confirm.
Disclaimer : Always follow risk to reward, this is the only key to success in market, no matter how much good a trade is looking we never know the future.
XAU ATH before the US presidential election✍️ NOVA hello everyone, Let's comment on gold price next week from 10/28 - 11/1/2024
🔥 World situation:
Gold prices hold steady late in the North American session before the weekend, rising 0.18% after reaching a record high of $2,758 on Wednesday. Heightened Middle East tensions and uncertainty around the upcoming US elections are steering traders toward the safe-haven metal, with XAU/USD currently trading at $2,740.
Geopolitical issues have overtaken US economic data as the primary influence on gold’s movement. Tensions remained high Friday between Israel and Hezbollah near the Israel-Lebanon border, with Israeli officials reporting that around 45 missiles were launched by the group.
🔥 Identify:
Short-term sideways adjustment in the price range of 2710-2750, gold price continues to expect to reach a new ATH before the US presidential election
🔥 Technically:
Based on the resistance and support areas of the gold price according to the H4 frame, NOVA identifies the important key areas as follows:
Resistance: $2759, $2782, $2805
Support : $2708, $2680
🔥 NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
SUI Jumped in TVL and Still Looks Bullish / Targets and PlansBINANCE:SUIUSDT
COINBASE:SUIUSD
Longterm Scenario
📈Which side you pick?
Bull or Bear
SL1 ---> Low-risk status: 3x-4x Leverage
SL2 ---> Mid-risk status: 5x-8x Leverage
(If there is just one SL on the chart, I suggest, low risk status)
👾Note: The setup is active but expect the uncertain phase as well. also movement lines drawn to predict future price reactions are relative and approximate.
🧐The Alternate scenario:
If the price stabilize below the trigger zone, the setup will be canceled.
SOL ANALYSIS🔮 #SOL Analysis 💰💰
🌟🚀 There is a complete formation of Cup and Handle Pattern in #SOL in weekly timeframe. We are just waiting for a perfect breakout. If #SOL breakout with good volume then we will see a very good bullish move.🚀🚀
🔖 Current Price: $168
⏳ Target Price: $250
⁉️ What to do?
- We have marked some crucial levels in the chart. We can trade according to the chart and make some profits in #SOL. 🚀💸
#SOL #Cryptocurrency #DYOR
Genus Power Infra: Bullish Breakout – Buy now for higher targets🔍 Technical Analysis: NSE:GENUSPOWER (NSE: GENUSPOWER)
1️⃣ Overview:
📈 Current Market Price (CMP): ₹430.15 (+2.26%)
🗓️ Date & Time: As of 15:25 (UTC+5:30)
🕹️ Chart Analysis: Daily (1D)
2️⃣ Technical Indicators Overview:
📊 Moving Averages:
🟢 50-Day EMA: ₹399.89, currently acting as a support zone.
🔵 200-Day EMA: ₹332.71, indicating the longer-term trend remains positive.
📦 Volume Profile: Strong demand visible between ₹360-₹380, suggesting robust buying interest at lower levels.
📈 MACD: Bullish crossover with the MACD line above the signal line, implying momentum is still positive.
MACD Line: 3.76
Signal Line: 1.04
Histogram: 📈 Positive, indicating rising momentum.
📉 Williams %R (14): At -5.59, signaling overbought conditions, which might result in a short-term pullback.
💹 Stochastic RSI (14, 3): At 100, indicating strong bullish momentum, though caution is advised as overbought zones can precede minor corrections.
🟣 Parabolic SAR: Positioned below the price, supporting the ongoing uptrend.
3️⃣ Fibonacci Retracement Levels:
The stock is retracing from the swing high of ₹451.55 to the swing low of ₹351.05.
📐 38.2% Retracement: ₹399.30 – Strong support.
📐 50% Retracement: ₹414.05 – Intermediate resistance.
📐 61.8% Retracement: ₹428.80 – Currently breached, signaling bullish strength.
📐 78.6% Retracement: ₹442.80 – Next resistance level to watch .
4️⃣ Rationale for Buy:
🚀 Breakout above 61.8% Fibonacci Level: The breach above ₹428.80 indicates a potential continuation of the upward move.
🔥 Bullish Momentum: MACD crossover, Stochastic RSI in overbought territory, and Parabolic SAR below the price all point to a continuation of the bullish trend.
📈 Volume Surge: Increased volume activity supports the bullish move, suggesting robust buying interest.
📦 Demand Zone: The significant demand between ₹360-₹380 acts as a strong base, providing a good risk-reward opportunity for entry.
5️⃣ Recommendation:
🔔 Action: Buy
🎯 Target 1: ₹442.80 (78.6% Fibonacci Level)
🎯 Target 2: ₹451.55 (Recent Swing High)
🛑 Stop Loss: ₹414.05 (50% Fibonacci Level) to protect against downside risk.
6️⃣ Risk Management:
📥 Entry Strategy: Consider entering near the current price or on minor pullbacks towards the 61.8% retracement level (₹428.80).
⚖️ Risk-to-Reward Ratio: The trade setup offers a favorable risk-to-reward ratio of at least 1:2 based on defined targets and stop-loss levels.
⚠️ Disclaimer:
This analysis is based on technical indicators and market patterns and is intended for educational purposes. Market conditions may change, and this is not investment advice. Please conduct your own research or consult a financial advisor before making trading decisions.
#GenusPower 🚀 #TechnicalAnalysis 📊 #StockMarket 📈 #FibonacciLevels 📐 #SwingTrading 💹 #MACD 🔵 #StochasticRSI 💠 #VolumeProfile 📦 #BuyRecommendation 🛒 #IndianStocks 🇮🇳 #NSE 📉 #FinogentSolutions 💼
TIAUSDT Long Setup Setting / Levels are on the ChartBINANCE:TIAUSDT
COINBASE:TIAUSD
📈Which side you pick?
Bull or Bear
SL1 ---> Low-risk status: 3x-4x Leverage
SL2 ---> Mid-risk status: 5x-8x Leverage
(If there is just one SL on the chart, I suggest, low risk status)
👾Note: The setup is active but expect the uncertain phase as well. also movement lines drawn to predict future price reactions are relative and approximate.
➡️Entry Area:
Yellow zone
⚡️TP:
5.90
6.02
6.16
6.31
🔴SL:
5.489
🧐The Alternate scenario:
If the price stabilize against the direction of the position, below or above the trigger zone, the setup will be canceled.
EUR/USD: Extending the declineHello dear friends.
Overall, EURUSD has made a significant recovery from last week with a price increase beyond 1.0800 after data from the US showed that Durable Goods Orders fell 0.8% in September. However, unfortunately, the pair quickly fell back and closed the fourth consecutive week in negative territory, weakening EURUSD significantly.
In addition, from the 1-hour chart, the pair has broken the rising trend line and the price wedge has been broken, suggesting that the bears are likely to continue to gain the upper hand without any significant reversal, as shown by the flat 34.89 EMA.
Gold Near Key Breakout Level at 2,758Gold is in an exciting phase, maintaining its upward trend above crucial EMA levels, signaling that the long-term momentum remains strong.
The resistance level at 2,758.717 is acting as a challenging ‘wall’—can gold break through to initiate a powerful rally? If successful, this could be a golden opportunity for investors to catch the next wave of growth.
However, if gold fails to breach this ‘wall’ and reverses, the support level at 2,716.756 and the trendline will serve as a solid ‘fortress,’ where prices may rebound.
Don’t miss out—sometimes, a little alertness is all it takes to capture the trend and turn volatility into profit!
News update: On October 25, gold saw some profit-taking as both the U.S. presidential election and Middle East tensions provided support for its price.
EUR/USD: hits new 16-week lowEUR/USD is trading around 1.078 and the technical picture remains heavily bearish after failing to break above the 1.0800 resistance level. The decline comes as Fibre falls sharply ahead of Thursday’s new round of Purchasing Managers’ Index data. ECB officials have played down economic concerns, reiterating the need for caution when considering future rate cuts.
As seen on the 1-hour chart, it can be seen that the price remains below the 34, 89 EMAs and the price wedge has not been broken, suggesting that the downtrend is not over yet. This usually allows sellers to still gain the advantage of a more bearish reversal in the near term, potentially reaching lower levels around 1.0740.
Happy trading.
XAUUSD Adjusts But Maintains UptrendThe XAUUSD chart shows that the price is adjusting after hitting the resistance level of 2,758 USD, but the uptrend remains dominant.
The key support zone is around 2,712 USD, where the price has bounced back in previous corrections.
The EMA(34) and EMA(89) continue to provide important technical support, with the short-term EMA above the long-term EMA, reinforcing the uptrend. Despite selling pressure, buying interest is still protecting this support level.
If this support holds, the price may recover and retest the resistance level.
Concerns over the U.S. elections and expectations of rising interest rates supporting the dollar could put pressure on gold.