Trading idea AUDJPY, break at trendlineNOTE: I am not an expert trader by any means, I am open input and sharing my ideas. I am still learning.
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There is a break at the trendline.
I have two ideas.....
#1.. it was a fake out and will continue up to make an extension to 127%. (Near, green arrow head and buy position projection )
Factors:
A) Price still holding above key support
B) RSI oversold
C) News is positive for this pair
News= Increase in Aus. employment data, and trade surplus exceeded expectations = strength
#2 it will retest below trendline and continue down. (Somewhere near, red arrow head and sell position projection )
Factors:
A) Break of trendline
B) Some indicatiors are neutral, so price can do either way
We shall wait and see.
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(please know arrow bounces are not exact.... just showing price may bounce before making it to sell or buy targets.)
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Open to all advise or comments. Would love input on how I break down the market or make my analysis ...
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FYI there is not audio my cursor is explaining this text here and the text on screen.
Happy trading.
Community ideas
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Quick Summary:
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I also reviewed a few other trades and highlighted some stocks that are on my watchlist.
Right now, I’m letting the market unfold naturally and looking for clear setups before entering again.
Trading is a game of patience and positioning—it's not about forcing trades, but about waiting for the right ones.
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(click chart above to see the in depth analysis👆🏻)
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Levels to watch: $120, $250
Keep your long term vision!
Philip (BasicTrading)
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Bitcoin has been following similar patterns to the bullish twin-peaks in 2021. After a multi-month correction, the price proceeded to increase another 135% over the next few months. Some weeks fast, and some weeks sideways.
Is it possible that BTC follows a similar pattern - and increase another 135%, all the way to 170k?
Hec, I'd even be happy with just a 100% ! That would lead us up to around 149k, which can also be considered a phycological resistance zone.
While you're here! Check out this post on PEPE:
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BINANCE:BTCUSDT
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I hope this has been helpful. Happy trading!
Review and plan for 16th May 2025 Nifty future and banknifty future analysis and intraday plan.
Quarterly results.
This video is for information/education purpose only. you are 100% responsible for any actions you take by reading/viewing this post.
please consult your financial advisor before taking any action.
----Vinaykumar hiremath, CMT
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optimusfutures.com
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This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
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This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
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A CRUSH pattern is usually in the opposite direction of recent trends. Thus, I believe today's CRUSH pattern will be to the downside.
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Traders should be very cautious of getting married into a direction/position in early trading. Let the market tell you where it wants to go.
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Going to be a busy day for me. Stay safe as I'll be on the road most of the morning.
GET SOME.
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