Get started

Pivot

EURUSD before CPISome of the most important news for the market at the moment will be published today. Inflation data in the USA will be announced at 15:30 Bulgarian time. Regardless of the values, larger fluctuations are expected. Therefore, before important news, it is recommended to reduce the risk of active positions and avoid new trades. EURUSD continues its uptrend and 1.1080 is getting closer. Corrections and stop hunting below the previous bottom are entirely possible. We will look for new entries after the news!
by ForexTrendline
2
Long Trade in MRVLMarvell is a leading semiconductor stock whose products are used heavily in artificial intelligence applications. The stock surged 40% in two days following a good earnings report and shares have consolidated in a tight range ever since. Shares tried to breach the low of the base on June 23, and we saw nice buying to support the price. Volume remains low and price action is shallowing out nicely. Consider buying on a break above the short-term pivot (dashed line on chart) at 61.50. As long as the stock does not make a new low before then, you can use the June 23 low for a stop loss to risk roughly 8% on the trade.
NASDAQ:MRVLLong
by rossgivens
EURGBP Trading the Range - 0.852 convictionHey Traders! 👋 For Day 39/100 of our challenge, we will look at EURGBP short idea and how we can trade the range Technicals: - Prior to range, structure was bearish - Strongly rejected 0.863 key level - Now retesting middle limit pivot area - 79% retracement rejected as well - Expecting the fill of range bottom at 0.852 Fundamentals: 🇪🇺 Despite ECB remaining hawkish, recent data have been negative in both inflation and labor. This gives ECB less room to be hawkish/raise rates further compared to BoE 🇬🇧 The main downside risk for BoE now is the aggressive pricing in of peak rates by the rate markets. However, BoE has done a great job in meeting expectations lately: surprise hike of 50bp and the lack of push back on aggressive rate markets. The UK has also been seeing positive data recently which gives them more room to raise rates to battle inflation. Now, a hard landing due to aggressive rate hikes is also another risk. But it seems that the market isn't paying much attention to that as much as inflation currently. So that leaves us with the EURGBP short expectations this week. Any changes in catalysts is possible with inflation data from around the world is released. So stay safe, and see you tomorrow 👍
Short
by rob_WRLD_
GBPJPY Road to 184.4 (UPDATE)Hey Traders! 👋 For Day 38/100 of our challenge, we will look at an update on our GBPJPY long idea we sent last week. Technicals: (update to tagged idea) - We've rejected the 62% fib retracement - Created a new high above 182.500 - Expecting this break of high to clear 184.4 - If 181.2 is broken to the downside, invalid idea *** Note that this trade was based on last week's context. Changes in fundamentals have not yet been accounted for. Rob's notes: Was gone for a while as I had to fix my scheduling the past few days. All will be back to normal programming now. Let's complete this 100 days
Long
by rob_WRLD_
USDJPY What will happen in the near future?🌟The USDJPY is in a Bullish phase by ⤵️⤵️ 🌟 Bullish signals are: - Bullish Cup & Handle - Bullish Pennant - Dynamic Support zone - Pivot R1 monthly - Ascending Triangle - moving EMA 20 50 ✅TARGETS: 142,148 ⭐ Note if the PRZ is broken downwards with the strength of Bearish candles from bottom Of the PRZ zone , this analysis of ours will be failed. ⏮️Previous Analysis⏮️ ✅If this post was useful for you, like it ❤️ and if you think it is useful for your friends, be sure to send it to them. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 🌍Thank you for seeing idea . Have a nice day and Good luck.
Long
by CobraVanguard
7