Get started

Pivot Points

GBPCHF Trade Idea: Using Probabilities to Target the DownsideThe British Pound to Swiss Franc (GBPCHF) pair is currently facing bearish pressure due to several key fundamentals. The UK economy is grappling with persistent inflation concerns, leading to speculation that the Bank of England might need to maintain higher interest rates for an extended period. This could potentially stifle economic growth and weaken the Pound. Meanwhile, the Swiss Franc is benefiting from its status as a safe-haven currency amidst global economic uncertainties. Switzerland's robust economic performance and the Swiss National Bank's commitment to price stability are further bolstering the Franc's strength against the Pound. Given this bearish outlook for GBPCHF, I'm planning to utilize probabilities to get positioned into shorts. 12M: 1W: 3H:
Short
by Jasminex1x2
3
NZDJPY: The Case for Shorts – Key Fundamentals and TimingThe New Zealand Dollar to Japanese Yen (NZDJPY) pair is currently showing bearish potential due to several key fundamental factors. Japan's upcoming fiscal year 2024/2025 wage negotiation results, expected on March 15, could strengthen the yen if wage increases meet or exceed expectations. Additionally, the Bank of Japan's monetary policy decision on March 19 may signal a shift away from negative interest rates, potentially boosting the yen. Meanwhile, New Zealand's economy faces headwinds from a cooling housing market and slowing global demand for its exports. The yield premium of New Zealand bonds over Japanese bonds has been shrinking, reducing the attractiveness of holding NZD. My overall bias for NZDJPY is bearish based on these factors. I'll be using probability-based analysis to determine optimal entry points. Currently, I'm waiting for the probability of a bearish move to exceed 50% before considering an entry. 12M: 1D: Hourly timeframes: Please feel free to share your ideas and comment below!
by Jasminex1x2
GBPCAD is in the bearish directionHello Traders In This Chart nzdcad HOURLY Forex Forecast By FOREX PLANET today GBPCAD analysis 👆 🟢This Chart includes_ (GBPCAD market update) 🟢What is The Next Opportunity on GBPCAD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Chart
Long
by ForexMasters2000
1
EURUSD Will be in bearish direction after Breaking ChannelHello Traders In This Chart EURUSD HOURLY Forex Forecast By FOREX PLANET today EURUSD analysis 👆 🟢This Chart includes_ (EURUSD market update) 🟢What is The Next Opportunity on EURUSD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexMasters2000
Gold is in the bullish direction after correcting the support Hello Traders In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET today Gold analysis 👆 🟢This Chart includes_ (GOLD market update) 🟢What is The Next Opportunity on GOLD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
VANTAGE:XAUUSDLong
by ForexMasters2000
GBPUSD Ready for a breakthroughHello Traders In This Chart GBPUSD HOURLY Forex Forecast By FOREX PLANET today GBPUSD analysis 👆 🟢This Chart includes_ (GBPUSD market update) 🟢What is The Next Opportunity on GBPUSD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexMasters2000
Gold is in the Buy Direction after Using the Support LevelHello Traders In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET today Gold analysis 👆 🟢This Chart includes_ (GOLD market update) 🟢What is The Next Opportunity on GOLD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
OANDA:XAUUSDLong
by ForexMasters2000
DXY - Looking to Big PictureWhen we look back, when Trump first came, Dxy showed a 5.5% increase, Dxy goes to 103.5. And Trump Dxy is too expensive, the dollar is too expensive, it should fall, the statements started. Then Dxy's 14% decrease went to 88.5. Now Dxy is around 102. I bought it directly as a fractal from August 15, 2016. If Dxy comes to around 104 until the election, the rapid increase with Trump's arrival corresponds to 110s. It has been an expected area for a long time and when Trump Dxy is at 110s, similarly, if the decrease starts with him saying the dollar is too expensive, it goes to 94s, fractal. Here, my hopes begin and I say that it is still expensive at those levels, we will go down to 86s. This means a 4-year never-ending mega bull. I applied the same fractal to the euro, and the much-anticipated 1.02s are here again. If I can get a fund, I will look for swing shorts at 1.12s. The fractal and events looked pretty good to me. It also fit the channel nicely. FX:EURUSD
TVC:DXY
by mooniron
Bank of Baroda - Potential Reversal with Fib LevelsThe chart indicates a potential reversal for Bank of Baroda after a significant downtrend. The stock is currently testing the 0.78 Fibonacci retracement level, which aligns with a possible support zone around ₹242-₹245. A break above this level, particularly if it holds above ₹252, could see the stock move towards the next resistance at ₹265, followed by a possible extension to ₹276, which coincides with the 1.618 Fib extension. However, a failure to sustain this level may result in a pullback towards ₹245 or even lower to ₹242, where the 1.0 Fibonacci retracement lies. Traders should watch for a breakout or breakdown with confirmation in volume. Targets: First Target: ₹265 Second Target: ₹276 Stop Loss: Below ₹247 Risk management and close monitoring are crucial as the stock is in a sensitive zone.
NSE:BANKBARODALong
by Shivam_Bhanot
Neutral HOUSE outlook on Crude Oil to go LONG or SHORT...?NYMEX:CL1! "All your life you are told the things you cannot do. All your life they will say you're not good enough or strong enough or talented enough. They will say you're the wrong height or the wrong weight or the wrong type to play this or be this or achieve this. They will tell you no. A thousand times no. Until all the no's become meaningless. All your life they will tell you no. Quite firmly and very quickly. And you will tell them YES." -Lebron James We coming out on TOP nothing less than that! Here I have developed a High Probable SHORT or LONG based narrative, All depending on your risk appetite and perception of HIGH PROBABLE for the HOUSE to CAPITALIZE here on Crude OIL and below I break down into what I want to see develop before we enter the market. Let's get to it!! 1) On the WEEKLY TF we are currently trading inside a MAJOR Wedge. We have created eR/LQ to the upside and downside that price is just ping ponging back N forth in between. The most important part of this TF is the GAN BOX drawn out from the last WEEKLY HIGH to WEEKLY LOW and the 50% EQ Level ($76.30). That I believe price is trying to return back to ($76.30). 2) 4Hr TF I have also drawn out a GAN BOX from the 4Hr Last HIGH to 4Hr LOW and drew out the 50% EQ Level ($75.20) This is another level that I believe price is also returning to retest... 2) Now let's drop down to the LTF's 1Hr, 30m &15m.... As we can clearly see sellers have created this iR/LQ Trendline to the downside that clearly needs to be swept by buyers to create fair value in the market for both parties. *** Now if buyers can build off of this current 1Hr Demand that sellers swept out this morning during LONDON session and we can push price back up above 4Hr Swing EQ ($75.20) and sweep the iR/LQ Trendline with confirmed candle closures above then I may be interested in going LONG... 3) Now in order to go LONG I need to see price break above ($75.20) per barrel and close above price on the 30m TF n Below. If and when we can get these sequence of events to take place then I'll be highly interested in going LONG and my target would be WEEKLY Swing EQ Level ($76.30) roughly around 110 points in our favor LONG... OR we can just wait for price to reach Weekly Swing EQ Level ($76.30) drop down to the LTF 15m and just wait for a confirmed 15m CHoCh (Change of Character) and then go SHORT, Targeting 4Hr Swing EQ Level ($75.20) roughly around a 160 points in our favor SHORT Depending on Entry... 4) I'll keep close update as PA develops and we have more data to work with. Remember when it comes to FRM (Financial Risk Management) our job is to manage the downside costs of printing High side returns of $$$ consistently. Let's Keep Steppn!! Stay Focused & Reach Excellence!! #BHM500K #NewERA #Champions
NYMEX:CL1!
by TreyHighPwr
2
NVDA has good measured potential above last week's highs.NASDAQ:NVDA has room on the daily chart to about $135 if it can build above the highs from Friday and Thursday of last week. With earnings on Wednesday at 4:20 PM EDT, there should be significant opportunities to the long side if price continues to build above the daily 50 SMA. Equity was added long into the daily 9 EMA, and retest of the recent dark pool at $122.80, and I continue to swing long with targets at weekly highs and the daily upper Bollinger Band.
NASDAQ:NVDALong
by DMT_Doctor
4