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CRM heads up going into $300 round: start booking the 40% gains Followup to my previous buy alert (click). CRM launched from support posted in above idea. Now it is prudent to take some profits off the table. Traders may start selling, holders move up stop losses. $ 294.33 - 300.55 is the major resistance $ 312 and 324 would be good next targets. $ 274 and 265 should be supports below. . Previous Analysis pinpointing the entry after an Earnings dump: ================================================================== .
NYSE:CRM
by EuroMotif
EURUSD- LongThe EUR/USD pair shows signs of potential recovery after a notable decline. The pair appears to be consolidating and may be gearing up for an upward movement. However, any movement below the identified buy zone could lead to further declines, putting pressure on bullish momentum. For traders looking at intraday or scalping opportunities, entry confirmation remains crucial, with order flow analysis recommended to confirm potential buying conditions. Disclaimer , This is not a financial advice or any sort of that, this is purely for informational purposes only and is not intended to be personal financial advice. Trading involves substantial risk of loss and is not suitable for every one.
Long
by Bilind-GeniusScalper
USDCAD! 10/30 ! Resistance H4 SELL signal USDCAD trend forecast October 30, 2024 The USD/CAD pair continues its upward trend on Tuesday, rising 0.23% to 1.3910, near Monday’s three-month high of 1.3908. The Greenback's strength, coupled with a drop in oil prices, supports this movement. Positive US economic data has fueled expectations for Fed rate cuts in November. September’s JOLTs report was mixed but slightly below forecasts, while August home price indices exceeded expectations, indicating persistent shelter inflation. Resistance H4 - overbought zone. In the context of the falling dollar, inflation cooling down in the US, causing the USD/XXX currency pairs to adjust down. /// SELL USDCAD : zone 1.39300 - 1.39500 SL: 1.39800 TP: 60 - 100 - 250 pips (1.37000) Safe and profitable trading
Short
by Moon-ForexAcademy
1
BANKNIFTY : Trading Levels and Plan for 30-Oct-2024 Intro: On the previous trading day, Bank Nifty exhibited strong upward momentum and achieving all the targets that mentioned in yesterday's Trading plan, testing new resistance levels with limited retracements. Key zones have emerged for tomorrow, with a mix of potential sideways, bullish, and bearish trends. The chart highlights yellow as the trend indicating sideways movement, green for bullish trends, and red for bearish trends. Here’s a trading strategy based on different opening scenarios. Trading Plan for 30-Oct-2024 Gap Up Opening (200+ points above) If Bank Nifty opens with a 200+ points gap up, it is likely to encounter resistance near the 52,849 level, marked as the Resistance for Sideways . If prices sustain above this level, we could see an upward movement towards the Strong Resistance / Profit Booking Zone at 53,174 . However, if it fails to maintain above 52,849 , expect a retracement towards 52,409 or even back to the Opening Support level at 52,160 . – If selling pressure increases at these levels, there is a possibility of the index dropping towards the Intraday Support for Sideways at 51,955 . Flat Opening (within 100 points of the previous close) With a flat opening, focus on the early price action near 52,287 . A move above 52,409 could trigger a bullish run toward 52,849 . Watch for consolidation or resistance in this zone; if it breaks above, the next target could be 53,174 . Alternatively, failure to hold above 52,409 could lead to a test of 52,160 (Opening Support) and possibly a downward trend toward 51,955 . – A breakdown below 51,955 may signal additional selling pressure, testing levels as low as 51,615 . Gap Down Opening (200+ points below) In a gap-down scenario, Bank Nifty will likely find immediate support at 51,955 . If it holds, there may be a bounce back toward 52,287 to regain momentum. A strong recovery above 52,287 could shift the sentiment back to bullish, aiming for 52,849 as the next resistance level. However, if 51,955 fails as support, expect further declines toward 51,615 . – Any sustained weakness below 51,615 could accelerate bearish trends and lead to more downside. Risk Management Tips for Options Trading Position sizing is crucial in options trading; avoid over-leveraging on volatile days. Utilize trailing stop-loss orders to lock in profits on favorable trades, especially if volatility increases near key resistance/support levels. Consider the use of spreads to minimize risks and protect against sharp directional moves. Summary and Conclusion For 30-Oct-2024, the focus remains on 52,849 as a major resistance level and 51,955 as a critical support. Trading with a flexible mindset and adhering to defined stop-losses can help manage risks efficiently. Keeping an eye on early price action can provide direction for the rest of the day. Disclaimer: I am not a SEBI-registered analyst. The above analysis is based on technical levels and reflects my personal perspective. Always conduct your own analysis or consult a financial advisor before making any trading decisions.
NSE:BANKNIFTY
by LiveTradingBox
PLATINUM: Best sell signal of the past 30 days.Platinum is heavily bullish on its 1D technical outlook (RSI = 65.879, MACD = 18.220, ADX = 36.308) as it trades on the bullish wave of the 2 month Channel Up. With the support of the 4H MA50, the price is very close to the top of the pattern. The bullish wave before that, topped upon a +12.17% rise and then pulled back almost to the 0.5 Fibonacci level and the 4H MA200. The current level is already great for a sell entry (if you want you can wait until the RSI gets overbought) and out target (TP = 1,020) is above the 0.5 Fib as the 4H MA200 this time is rising more aggressively than on the previous bullish wave. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
FX_IDC:XPTUSDLong
by InvestingScope
SILVER Will Go Lower! Short! Please, check our technical outlook for SILVER. Time Frame: 2h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 34.071. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 33.443 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!
FX:XAGUSDShort
by SignalProvider
1
30/10/2024 - EUR/USD - Short Trade Plan30/10/2024 - EUR/USD - Short Trade Plan Trade Details: Entry: 1.08200 (15min Order Block with 4H OB Confluence) Stop Loss: 1.08407 Take Profit 1: Based on 1:1 Risk-Reward Ratio Take Profit 2: 1.07733 Reason for Trade: Short entry is based on a 15-minute Order Block (OB) aligned with a higher timeframe (4H) OB, adding confluence to the setup. Aiming for an initial 1:1 Risk-Reward (RR) on TP1, with TP2 set at a lower target. Disclaimer: This trade plan is for educational purposes only and is not financial advice. Please conduct your own analysis before trading.
Short
by Unknown_Trader007
LAC possible sequence ending? turnaround soon? Target 40+ usd?Following LAC for quiet a few years now; following its 3 count overall moves carefully, and waiting for a pullback. The Multi-year trend moving in a so called ABC structures, likely still forming an overall huge diagonal. It was roundabout at the 0.236 fib retracement for a possible wave 4, when fundamentals has been changed for LAC, primarly the company split and ongoing legal actions which made me wait for further draps, although a 0.236 retracement would have been acceptable. Now, for the white scenario, it is possible we are ending the wave 4 pullback also as a big abc. Being an overall diagonal forming, for a wave 4 the 0.618 is also common, being said, it has almost reached it perfectly, so the risk-reward ratio is getting great for the very long term, to finish off wave 5 also as an abc to the upside, target would be primarly 40-55 usd, in a more bullish interpretation ~69 USD, LIKELY would take also several year (definetely not a few). Keep in mind with our current knowledge, the new mine's production likely ramping up in '26-'27. fib support down at ~2.43, where the second small fib box upper support ~2.34 is an acceptable one IF there is no sustained, comfortable price actio break below. For a bit more "bearish" scenario, we already finished of an "A" wave (orange route), either as a smaller diagonal, or I could make a case for a WXY as well, does not really matter. We are working now on orange circle B, which should be also an abc structure, in which we finished, or near to finish the (A) wave, and a correction should be imminent with a minimal upside target of 6.27 currently, but be aware it is a moving target, as price action evolves we might need to adjus that red resistance box. Standard support box is added for the orange route as well 0.9 usd being the last reliable support for a later evolving C wave. On the 1h, 4h RSI and MACD has already built a nice divergence, on the daily it has started to built, early signs are there but not fully present. Weekly is coming up, towards ground levels. So far all the meaningful MA'S on the daily (9/21/50/52/180/200) was rejecting price action previously, currently trying to break above and close above the 9day SMA. We do have a small head and shoulders pattern as well with a downtarget of ~2.29 which not neccessarly needs to be reached. This is the multi-year big picture, from this point forward switching from a weekly timeframe, to lower ones.
NYSE:LACLong
by tommtajlor
13
Limited supply of silver with surging demand.Metals markets analyst Steve St. Angelo estimates that in the first half of 2024, the total weighted average cost of production among the leading silver miners rose to at least $26 per ounce. Silver prices have surged over 6%, surpassing $33.6 per ounce. This rise poses a risk of significant financial losses for five U.S. banks holding large short positions in the metal. The Commodity Futures Trading Commission (CFTC) reports that open interest in silver futures has reached 141,580 contracts, each representing 5,000 ounces. This totals about 707.9 million ounces, nearly matching a year’s global silver production, concentrated among these five banks.(Source: yahoo) so if the banks decided to cover short, then the silver will explode. Green energy means more silver demand. Europe expects to install 260 GW of new wind power capacity over 2024-2030. The EU-27 should install 200 GW of this – 29 GW a year on average. (Source: Windeurope) which will have 50% more capacity in 2023, and the demand for silver will continue to rise since atypical wind turbines may contain around 0.5 to 1 kilogram (500 to 1,000 grams) of silver for its electrical components, including brushes and other conductive parts. EVs mean more silver demand. Average vehicle silver loadings, estimated at 15-28 grams (g) per internal combustion engine (ICE) light vehicle, have risen over the past few decades. Silver use is higher in hybrid cars at around 18-34g per light vehicle, while battery electric vehicles (BEVs) are believed to consume 25-50g of silver per vehicle. It is estimated that nearly 90 million ounces (Moz) of silver will be absorbed annually into the automotive industry by 2025. Technical a round bottom, looking for silver to test 50 and likely surpass the resistance.
OANDA:XAGUSDLong
by bruceyam