GBP/USD Bullish Action: Seizing Winning OpportunitiesYesterday, I highlighted the bullish stance of the GBP/USD pair. In today's session, our focus was on identifying long opportunities towards the higher end of our target. Currently, our target remains valid, and we managed to capitalize on the upward movement. By examining the lower timeframes (1-5), a clear positive shift in market structure towards the long side becomes evident.
Throughout this shift, two distinct opportunities to engage in long positions presented themselves. Although the price didn't quite reach the demand zone, we were still able to execute successful plays.
Marketstructure
XRP Target Area If that confluence of FIB numbers and trend lines isn't a bottom for bounce or break under and retest for market crash then idk what is
If we lose 0.684-0.667 structure
FIB 0.382 (0.598) from ATH to recent June 2022
FIB 0.382 (0.6002) June 2022 low to recent high
FIB 0.618 (0.597) 4hr Swing low June 30th to recent high
ATH to March 2020 FIB 0.5 (0.6151)
And
1st Downside TP I use using FIB levels (plays out OFTEN)
From recent high on 13th to to the dip on 14th at (0.6007)
And the major Trend line (0.61-0.63) give or take
From
March 13th to Dec 29th where it formed
AMAZONThese are levels that I'll be keeping an eye on when dealing with AMZN, and I'll revise as price action progresses.
I adapt to the change in money flow.
Fundamentals: "Monday marked the first trading day following Amazon’s (AMZN) 20-for-1 stock split that the company announced on March 9. Amazon shares were revalued to $120 per share, after trading well above $2000 per share prior to the stock split."
I'm projecting price to get around the $60 price point sometime in the near future.
BTC Pump Incoming?!?!With recent news of SEC telling Coinbase to halt ALT coin trading except BTC im thinking a BTC dominated pump is incoming as recent news lines up perfectly with BTC daily chart aswell as BTC Dom chart
We can see that BTC Dom HTF's Daily and weekly are faily bottomed and look ready for a move up. While at the same time BTC daily chart is bottomed aswell and been stretching this range out which the timing of CB vs SEC couldnt of come at a more perfect time.. coincidence ? maybe or maybe not ;) hint hint.... (Phycology and reverse phycology are just as important as TA)
- 1st key area to look for as BTC potential pump incoming
0.5 FIB ATH to Nov low + bottom on MS
32,675 - 32,990
- 2nd area to watch for
Daily swing june 15-july 13
1st upside FIB target
34,0458
- 3rd area to watch for
Red Line - current trend line were under
Purple box = market structure at 35,880
Fib line 35,687
- 4th area to watch for
Daily swing june 15-july 13
2nd upside FIB target + CME gap
37,163 - 37,684
- 5th area to watch for
Weekly Swing Nov 21- July 13
1st upside FIB 38,671
and
0.618 FIB 38,978 from ATH to recent Nov low
Definitely watch areas 1,3,4 for top out struggle bus areas
I myself personally am thinking 35,687 with possible wick up on HTF to 37,684 for that CME gap as top but we will see as retail panic buying can cause one major pump or vice versa
#RAIN...looking good from 31.07.23#RAIN...
Intraday as well as swing trade
All levels given in charts ...
IF good potential seen then we work in options also
if activate then possible a good movement Keep eye on this ...
We take trade only when it activates...
Possible to give good target
TRADING FACTS
EURUSD I Approaching previous structureWelcome back! Let me know your thoughts in the comments!
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$TWTR -'X' FLEX- NYSE:TWTR (X) occurred on a Monthly Resistance Trendline being broken-out TA speaking.
Well, fundamentally didn't go as well.
The recent name change wiped out a lofty 4$Billon Dollars and more the
size of it on Brand Value.
It's a mix in between TA and Fundementals from here.
Still sitting on the sidelines aiming for TP1 and more long term.
Buying shares(investing) or longing derivatives from here is quite Risky.
The confirmation of Resistance Trendline Breakout alone can be enough for someone.
However, entry here requires at least a Stop Loss of 10% ;
and that's only the recent Higher Low from the current uptrend break-out Market Structure.
More confirmations ahead to the *D (CHoCH) awaiting how price will perform.
Looking for Entry aiming at TP levels at Wave C correction from impulse(breakout uptrend)
Patience is Wealth.
TRADE SAFE !
*** Note that this is not Financial Advice.
Please do your own research and consult your own Financial Advisor
before considering partaking on any trading activity based solely on this Idea.
GBPUSD - Trend-Following Buy Setup ↗️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
GBPUSD has been overall bullish trading inside the rising channel in blue, and it is currently retesting the lower trendline.
Moreover, the zone 1.270 is a strong support.
🏹 So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the blue demand and lower blue trendline.
As per my trading style:
As GBPUSD is sitting around the purple circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich