as i said...According to yesterday's analysis, the pound started its upward movement from the predicted areas
Longtrade
Take-off for Lockheed Martin?Speculative long trade. Price is being supported by
SMA 30 + 50 and EMA 50
50% fib retracement
prior local high
seasonality is rather bullish in the 1st half of this year
global situation seems to demand rather the products by LMT
BUY ANALYSIS ON US30We know that US30 is currently bullish and its proper to look for buying opportunities. Remember the trend is your friend. we can see price break out and retest a descending channel or a falling wedge. The breakout and retest also created a bullish pennant chart pattern. Looking at the market structure, price failed to create a lower low and then went ahead to create a higher low (HL) which is a characteristic of a bullish trend. So we have multiple confirmations which are bullish market structure, break out and retest of a descending channel, bullish pennant chart pattern. Lets go long. Apply proper risk management guys. Thank you.
SHIB Ascending Triangle Breakout LongSome clear cut ascending triangles have formed on the SHIB chart. Here is the look on the 2 hour, and is reaching convergence very soon IMO. I am for sure taking a long breakout trade here if/when it rises above the ceiling of the pattern, with a stop under the final triangles low.
BINANCE:SHIBUSDT
Not advice, just my idea.
FCPO UPTRENDAs you can see, prices make a higher high and higher low. The structure is there. So for me, a long position is less risky than a short position.
Defeat Resistance for a Long or Submit to lower, low of 16K buyDISCLAIMER: This is not financial advice only an opinion supported by the Fib tool if and when drawn correctly. BTC must break the $25,420 resistance to see a $26,230 BTC which places it above the 200 MA. The next Fib is $34,405 price point. Resistance is futile! A $16509.50 BTC is more likely a good buy in.
Rally through May/June... then back to the long-term trendlineWill we see. a rally through May/June timeframe and then a double-top-back to trendline? Given the inverted yield curve, the timing of rate hike slowdowns, etc. I think this could be a reasonable scenario... been tracking this thesis for a while of either a double-top-trendline or melt-up-collapse... it may be that one happens then the other which would take us into 2026/7 before a major long-term bear market.
GBPUSD MOONdo not miss this guys, 1 2 3 patter always doing well for me. just need to wait for it to breakout then enter for long.
tp and sl make you own :)) enjoy guys
HIENS4, more to come?Attempt to break above resistance trendline, details on the chart.
Good luck traders
Londen Setup EURUSDGood Morning traders,
There is a possibility that the market can switch Short term bullish to grab better sells and get some BSL and sell stops out.
Overall market switched Bearish for me.
I will be looking at the green orderblock for a possible Long entry by Londen making the Low off the day, between 8-11AM UCT+1
If price shows me bullish short term switch my targets would be the red box and will take partials on an Daily Breakerblock structure.
Looking at a Bearish weekly perspective the first two days can be seen some bullish price action to mitigate more Shorts and the rest off the week can be continuing bearish.
Just a weekly forecast and possible scenario.
Have a great trading week,
Dave
#FLWS its that time of the year Flowers are still a favored gift choice, with the National Retail Federation (NRF) reporting that 35% of those surveyed plan to give flowers to their Valentine. Companies such as 1-800-Flowers.com (FLWS), which offers nationwide shipping, may experience an increase in business, as suggested by Kealy. Despite a dip from its 52-week highs, FLWS's stock price remains attractive.
Although the popularity of jewelry gifts has declined, according to NRF, it still commands the highest average cost per person at $30.34, totaling $3.9 billion in spending. The US Census Bureau data shows that the estimated value of jewelry and silverware shipped by manufacturers in the country was $6.5 billion.
Nice trendline to be brokenThis one looks interesting, if this trendline gets broken, we could have one hell of a push-up...
The oscillators look nice...
Set alerts on this one...
I do updates with new entry levels and status so follow this if you want to be updated on time!
Help me reach other traders, hit that boost button, please.
Good luck!
Doge daily 2/5/23Doge ready !!!! Ascending Triangle Pattern but don't forget with the FED and Market Event .
#D.Y.O.R
Nano (xno) where are you going? Risk reward 4.4For a long time, the asset is in the accumulation stage, and on the daily timeframe, you can see the resulting double bottom. If the resistance zone is broken through and the asset is fixed above 0.935, I expect growth to the area of $1.3
This is not a financial recommendation, everything you do you do at your own peril and risk.
Buy Affle (India) LimitedBuy Affle (India) Limited (NSE:AFFLE)
Buy Range- 1060 - 1080
Target- 1175 - 1200
StopLoss- below 1010
Potential Return- 10-12%
Approx trade duration 12-15 days
AUD/USD Short Position IdeaHello Traders
Our technical view has been shown in the chart.
If you like it then Support us by Like, Following and Sharing.
Thanks For Reading
Team Fortuna
-RC
(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
Fundamental and Trend following approchMAHABANK showed excellent quarterly results (As posted by company quarterly results)
Earning growth (QoQ) is +37.5%
Revenue growth (QoQ) is +10.47 (Proportional to net profit)
By technical analysis SMA day 200 is Below SMA day 150 and SMA day 50 is below price, which is a very excellent condition to buy the stock.
Considering fundamentals and technical analysis (Trend following) this stock (MAHABANK) is sure to turn into a multi bagger stock (by holding long term).
BBY Double bottom WeeklyBBY is gearing up for a large move.
One direction or another the move BBY is cooking will be nice and quick, with follow-through hopefully into the next week.
On the left we see that BBY has completed a double bottom it's almost textbook.
I suspect we will consolidate into tomorrow afternoon on BBY.
The daily chart seems to confirm this with a similar double bottom. We have crossed the daily 200ema (Yellow Line).
On the weekly chart (left) we see that BBY has a higher volume this week than last.
Our retest of the weekly 8 ema and bounce off that level are a very bullish indicators.
Looking at the daily chart (right)
We see the break above the daily 200ema (yellow line)
We see this level tested and confirmed several times.
With a final bounce towards resistance @87.
As stated above I think BBY will consolidate in this range for the coming days and hopefully with the cooperation of the SPY break out and up.
This is invalidated with a break below the $78.60 area
I believe the pattern is confirmed with a move above 86.46. The move has to be on high volume and with conviction. Until then I think we stay in the 78.60-86.46 range. (this is a broad range)
Intraday targets are in this range, swing targets are outside of these ranges.
Unfi Targetmultiple corresponding indicators are pointing to 5.50 being our next TP with nothing to stop us between here and there
we are long on bharat forgewe are long on bharat forge
until it close abv 860 targets 920 - 1000
target expected within 1 month
Cup and Handle Pattern in GNA AxlesCup and Handle pattern forming on the Weekly Timeframe. points that are adding conviction for further upper side.
. Increasing volume with an increase in price.
. Breakout of consolidation on the daily timeframe of 700-710 levels.
. Increasing Relative strength against Nifty 50.
. 680-700 levels acting as a good demand zone.
Entry near 720-730 levels with 50% quantity and rest quantity near 760-770 levels .
Initial Stoploss near 690 levels and then keep trailing your stoploss according to the price action.
possible Targets: 800 level and then all-time high levels.
(((30% to 45% upside possible with stoploss of about 5%)))
(USDCAD) LOOK FOR BOUNCE FROM SUPPLY ZONE 1.35000!!Hope everyone's enjoyed a break, I took a lot longer then expected with moving in the process so I will have a mic set up very soon for more chart insight from myself! Anyway I thought id just share my view here on USDCAD and then cover some more pairs on request... The start of January is always quiet but as price picks up ill be watching this pair around the key area of 1.35200 for a possible bounce to continue in the current 4hr zone or a possible break of sideways structure for a move lower.
