GBP/JPY 15-Minute Chart: Bullish Setup with Key Liquidity ZonesHere’s a write-up for the analysis:
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GBP/JPY 15-Minute Chart Analysis (Dec 23, 2024)
This chart captures the current price action of GBP/JPY on the 15-minute timeframe, showcasing key structural points and potential trade opportunities.
Market Structure
A clear Change of Character (CHoCH) was identified at multiple points, marking shifts in the market sentiment. These CHoCH points are crucial as they signal transitions between bullish and bearish trends.
A Break of Structure (BoS) occurred earlier, confirming bearish intent, but the market later shifted to a more bullish structure.
Liquidity & Price Action
The presence of a significant sell-side liquidity sweep ($$$) indicates that the market aimed to grab liquidity below a recent low before pushing higher.
After the liquidity grab, the market started forming higher lows, supported by a clear ascending trendline, signaling bullish pressure building up.
Key Levels
The Take Profit 1 (TP1) level is set at 197.631, just below a notable resistance zone. This aligns with the projected upward momentum.
Support is seen around 196.738, which coincides with the last higher low before the bullish continuation. A breach of this level could invalidate the bullish bias.
Current Outlook
The market is currently trading around 196.954, showing signs of a potential continuation to the upside. The ascending trendline provides additional confluence for the bullish bias. The ultimate target remains TP1 at 197.631, while the stop loss is carefully placed below the recent support at 196.738 to manage risk effectively.
Conclusion
This setup presents a calculated opportunity to ride the bullish momentum. However, as always, proper risk management and monitoring for any invalidations are crucial for trading success.
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Community ideas
PolkadotI tweeted yesterday that the value in crypto is decentralization, because anything else can be done better with centralized tech, approaching crypto from this frame of view helps you find value in what seems to be a space filled with shit.
Coins like XMR for instance demonstrate that there is true value in the technology, i think polkadot has been understood by few and this has created tremendous investing opportunity in it.
KOMA/USDTKey Level Zone : 0.15617-0.15873
HMT v3.0 detected. The setup looks promising, supported by a previous upward/downward trend with increasing volume and momentum, presenting an excellent reward-to-risk opportunity.
HMT (High Momentum Trending):
HMT is based on trend, momentum, volume, and market structure across multiple timeframes. It highlights setups with strong potential for upward movement and higher rewards.
Whenever I spot a signal for my own trading, I’ll share it. Please note that conducting a comprehensive analysis on a single timeframe chart can be quite challenging and sometimes confusing. I appreciate your understanding of the effort involved.
If you find this signal/analysis meaningful, kindly like and share it.
Thank you for your support~
Sharing this with love!
HMT v2.0:
- Major update to the Momentum indicator
- Reduced false signals from inaccurate momentum detection
- New screener with improved accuracy and fewer signals
HMT v3.0:
- Added liquidity factor to enhance trend continuation
- Improved potential for momentum-based plays
- Increased winning probability by reducing entries during peaks
GBP/USD "The Cable" Forex Market Bearish Heist Plan🌟Hi! Hola! Ola! Bonjour! Hallo!🌟
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Based on 🔥Thief Trading style technical analysis🔥, here is our master plan to heist the GBP/USD "The Cable" Forex market. Please adhere to the strategy I've outlined in the chart, which emphasizes short entry. Our aim is the high-risk Green Zone. Risky level, oversold market, consolidation, trend reversal, trap at the level where traders and bullish robbers are stronger. 👀 So Be Careful, wealthy and safe trade.💪🏆🎉
Entry 📉 : You can enter a short trade at any point,
however I advise placing sell limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest high/low level should be in retest.
Stop Loss 🛑: Using the 4H period, the recent / nearest high level.
Goal 🎯: 1.23800 (or) Escape before the goal
Scalpers, take note : only scalp on the Short side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰.
Warning⚠️ : Our heist strategy is incompatible with Fundamental Analysis news 📰 🗞️. We'll wreck our plan by smashing the Stop Loss 🚫🚏. Avoid entering the market right after the news release.
Take advantage of the target and get away 🎯 Swing Traders Please reserve the half amount of money and watch for the next dynamic level or order block breakout. Once it is resolved, we can go on to the next new target in our heist plan.
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World gold prices slightly decreased as the USD increasedHowever, the precious metal is under some pressure as the dollar index rose sharply and US Treasury yields rose slightly.
The Conference Board reported on Monday that its US consumer confidence index fell to 104.7, down from a revised 112.8 in November. The reading was weaker than expected, with economists predicting the index would be largely unchanged.
“Expectations that consumer confidence would continue to recover were not realized in December, as the index fell back to its two-year average,” said Dana Peterson, chief economist at the Conference Board.
Gold is struggling to find its way amid the holiday lull, said James Hyerczyk, an analyst at FX Empire.
“The Federal Reserve’s hawkish stance and forecast of fewer rate cuts in 2025 are keeping gold under pressure. The precious metal will face key support tests during the holiday week
US30USDUS30USD Based on Technical and Fundamental Analysis
The chart shows a clear rejection from the resistance zone at 44,500, confirmed by a bearish candlestick pattern (highlighted in orange).
This aligns with weakening market sentiment and the potential for continued downside movement.
A short entry is justified below the 43,200 level, targeting TP1 at 42,000 and TP2 at 41,600, as marked on the chart.
Keep an eye on macroeconomic data or geopolitical factors that may further strengthen the bearish trend.
Risk management is crucial—set a stop loss above the key resistance zone
Note: This analysis is for educational purposes and not trading advice. Consider market conditions and strategies.
Please do not forget the like button, Share it with your friends,thanks, and Trade safe.
ETH long but not for longIf you look at the price action of ETH especially last year arround the same time. ETH tends to make one deeper pinbar that touches the 200 MA before running up.
That second pinbar didn't formed yet and suprise the 200 MA is hovering slight below it at 3000K level.
So what do you think will happen?
Don't get trapped, place your limit at the 3k level
Bearish drop off pullback resistance?Ethereum (ETH/USD) is rising towards the pivot and could drop to the 1st support which has been identified as an overlap support.
Pivot: 3,524.74
1st Support: 3,217.92
1st Resistance: 3,713.01
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Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Intel to $26Intel Corporation (INTC) shows strong bullish potential, supported by both technical and fundamental factors. On the technical side, the stock has rebounded from the $19 support level, aligning with the 0% Fibonacci retracement level, indicating a possible trend reversal. Key resistance levels lie at $26 and $30, and RSI suggests the stock is oversold, signaling renewed buying momentum. Recent Heikin-Ashi candles also confirm reduced selling pressure and a shift towards a bullish trend.
Fundamentally, optimism surrounds Intel's new CEO, who brings a vision for innovation and market recovery. Additionally, Donald Trump's support for U.S. businesses could lead to government incentives for domestic semiconductor manufacturing, directly benefiting Intel. Trading near historic lows, Intel offers an attractive entry point with substantial upside, particularly as it aligns with government priorities and surging chip demand.
The combination of oversold technicals, leadership changes, and political tailwinds positions Intel for a strong recovery, with the $26 level as the first key target.
US NAS 100 Technical AnalysisUS NAS 100 Technical Analysis: Bullish Momentum Near Key Resistance
The NASDAQ 100 index (US NAS 100) has shown a strong recovery on the 4-hour chart, breaking above critical support levels and approaching a major resistance zone. Here’s an overview of the current market structure:
Overall Trend
The index is trading in an uptrend, supported by strong buying momentum following a pullback to key support levels. The Ichimoku Cloud and Bollinger Bands indicate ongoing bullish sentiment, with a potential continuation toward higher resistance levels.
Key Levels
Resistance Levels:
22,098: The primary resistance zone, which aligns with recent price peaks. A break above this level may trigger a continuation of the bullish trend.
Support Levels:
21,283: This level acts as immediate support, providing a strong foundation for the ongoing recovery.
20,566: A deeper support level, indicating strong buyer interest during previous corrections.
Technical Indicators
Ichimoku Cloud:
The price has moved above the Kumo Cloud, confirming bullish dominance. The cloud’s future outlook also suggests potential upside momentum.
Bollinger Bands:
The price is nearing the upper band, signaling short-term overbought conditions. A consolidation or minor pullback is possible before further bullish continuation.
Moving Averages:
The price is above the 50-period moving average (blue line), which acts as dynamic support, reinforcing the uptrend.
Possible Scenarios
Bullish Scenario: A breakout above 22,098 could open the path toward higher levels, with buyers likely targeting new highs. This scenario aligns with the ongoing momentum and technical setups.
Bearish Scenario: A failure to break above 22,098 may lead to a pullback toward the 21,283 support zone. Further selling pressure could drive the price lower, testing the 20,566 level.
Conclusion
The NASDAQ 100 index is positioned within a strong bullish structure, with a critical test at 22,098. A breakout above this resistance could signal further upside, while a rejection may lead to consolidation or a minor pullback. Traders should watch these key levels closely and monitor momentum indicators for confirmation of the next move.
XRP JUST IN! Tom Lee’s Bold Prediction: $10 or $35🚨 XRP JUST IN! Tom Lee’s Bold Prediction: $10 or $35 for CRYPTOCAP:XRP ? 🚀
Tom Lee, a renowned crypto analyst and co-founder of Fundstrat Global Advisors, has turned heads with his optimistic forecast for XRP, Ripple's digital asset. According to Lee, XRP could surge to $10-$35, depending on critical developments in the crypto market and regulatory landscape.
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🔑 Key Factors Influencing XRP's Potential Growth
📜 Regulatory Clarity:
The Ripple Labs vs. SEC lawsuit remains a game-changer. This case, which debates if XRP should be classified as a security, could reshape XRP’s future trajectory and its regulatory standing.
💳 Market Adoption:
Wider use of XRP in cross-border payments and partnerships with financial giants could boost demand and drive prices higher.
⚙️ Technological Advancements:
Improvements to the XRP Ledger and new innovative features may enhance investor trust and attract a broader user base.
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📊 Current Market Overview
Price: $2.21 (as of Dec 23, 2024)
📉 Change: Down 3.07% from the previous close
Intraday High: $2.28 | Low: $2.13
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🧐 Conclusion
Tom Lee’s prediction of XRP hitting $10 to $35 is bold but hinges on:
✅ Favorable regulatory outcomes
✅ Growing adoption by financial institutions
✅ Continuous innovation
🚨 Investors Alert: Cryptocurrency markets are highly volatile. Do thorough research before making any decisions!
📌 Disclaimer: This content is for informational purposes only and is NOT financial advice. Always Do Your Own Research
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💸 Where do you think XRP is headed? Share your thoughts! 🗨️
Intuitive Surgical (ISRG) LongIntuitive Surgical Inc. (ISRG), is the pioneer behind the revolutionary da Vinci Surgical Systems, is transforming the landscape of minimally invasive surgery. With its cutting-edge robotic platforms, ISRG enables precision, efficiency, and enhanced patient outcomes, making it a leader in the medical technology sector.
From a market performance perspective, ISRG has delivered impressive returns, demonstrating strong investor confidence. The stock has appreciated **55.45% Year-to-Date, 28.04% in the last 3 months, and a solid 10.94% in the past month. These figures reflect the company's robust financial health, innovation-driven growth, and favorable market sentiment, positioning ISRG as a standout performer in the healthcare sector.
Trade Idea:
ISRG appears to have completed a corrective ABC wave as the stock bounces off a strong demand zone (~$506–$522).And the stock is likely transitioning into a new impulsive Elliot wave sequence (Wave 1).
Trade Setup:
Entry: Near $522 (confirmation of demand zone holding).
Stop Loss: Below the DZ @ $500.55 (a break invalidates the bullish setup).
Take Profit Levels: (Profit Areas projected from the previous Elliott wave):
TP1: $579 (~10% gain).
TP2: $616 (~18% gain).
TP3: $658 (~25% gain).
Remmember,
“The trend is your friend until it bends at the end.” – Ed Seykota
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Disclaimer:
This analysis is for educational purposes only and does not constitute financial advice. Trading involves significant risk of loss. Always perform your own analysis and consult a financial advisor before making trading decisions.
12.23 Technical Analysis of Gold Short-term OperationsLast week, the gold market opened at 2650.3 at the beginning of the week, then rose slightly to 2664.7, then fluctuated and fell. The weekly line reached a low of 2582.6, then rose at the end of the trading day, and finally closed at 2622.8, and then the market closed in a hammer-like pattern with a long lower shadow. After this pattern ended, the weekly line was rubbed and consolidated. In terms of points, today's decline to 2610, stop loss at 2600, and the target is 2635 and 2640.