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GBPCAD: Your Trading Plan Explained 🇬🇧🇨🇦 GBPCAD is testing a solid rising trend line on a daily. Probabilities are high that we will see a bullish reaction to that. Your bullish confirmation will be a bullish breakout of a neckline of a horizontal range on an hourly time frame. Hourly candle close above 1.7105 will confirm a violation. A bullish continuation will be anticipated to 1.713. If the price sets a new lower low lower close, a setup will become invalid. ❤️Please, support my work with like, thank you!❤️
Long
by VasilyTrader
5
Who is Michael Saylor?There are 3 paths I see from here: Black path/arrow = initial bounce followed by lower low (36-38k) before continuing higher (most likely) Green path arrow = initial bounce followed by higher low before continuing higher Grey path/arrow = run directly to make higher high from here (least likely) - One common denominator in all 3 of these paths - we will get an initial bounce to 44400-48000 by Feb 14 2024. 44.4k-48k is my initial target. - At that point it will run into selling pressure (red funnel off recent peak) and start pullback. The extent of that pullback will determine the next move higher. ~ if it takes black path it will find buyers at 36-38k and then bounce to 48k-51k ~ If it takes green path it will retrace to around 41k-43k and then rally to 51k-55k ------------------------------------------------------------------------------------------------------------- Some comments on the summary above: - The bulk of this initial bounce to 44.4k-48k will take place early this week (1/29-1/31) - The pullback from initial target will take shape in late Feb 2024 - early March 2024 * Wait to go long after the pullback to catch bigger bounce/rally that will follow. i.e., run to 48k-55k by late March 2024 - early April 2024 ~If this initial bounce breaks above 48k then it will take the solid grey path directly to 51k-55k by end of Feb. 2024.
BITSTAMP:BTCUSD
by JerryManders
SWING IDEA - NYKAA (FSN E-COMMERCE VENTURES)This study involves a meticulous examination of historical price patterns, chart formations, and key technical indicators that collectively point towards an opportune moment for investors in NYKAA . Reasons are stated below : The 155 levels underwent multiple tests before the price eventually broke through. Currently, the price is in the process of retesting those levels. 50EMA and 200EMA support on daily timeframe. Doji candle on weekly timeframe. 0.382 Fibonacci support. Broke strong consolidation of 1year. Target - 194 // 224 // 247 StopLoss - Daily close below 153
NSE:NYKAALong
by Visionary_Growth_Insights
S&P 500 Daily Chart Analysis For Week of Jan 26, 2024Technical Analysis and Outlook: Spooz has completed the Inner Index Rally at 4882 and is continuing its upward movement toward a higher target; the Outer Index Rally marked at 4980. However, once we reach the designated target, there is a possibility of a squeeze that could cause prices to drop to the Mean Support level of 4845. In the meantime, the index may retest the Mean Support level of 4845 before continuing its upward trend.
SP:SPX
by TradeSelecter
SILVER Trendline Resistance BreakHi Traders! SILVER has broken its trendline resistance on the 1D chart. Here are the details: The market has found support around the 21.874 level, which is a previous swing low. Today's candle has opened above the trendline resistance and is currently on the 20 EMA. We are looking for a close above the trendline resistance and a momentum push above the 20 EMA. The plan here is to buy market dips near the trendline resistance. Preferred Direction: Buy Resistance (FLAG CHANNEL): 23.25 Support (FLAG CHANNEL): 21.874 Technical Indicators: 20 EMA Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
CAPITALCOM:SILVERLong
by BluetonaFX
USOIL Triangle PatternHi Traders! A symmetrical triangle is forming on the USOIL 1D chart, and we could have a breakout soon. Here are the details: The market has found support and resistance at both the trendline support and trendline resistance of the triangle, as the market is looking for a direction. Looking at the price action, it looks bullish due to the market swings; the lows and highs are starting to get higher, and additionally, the market is above the 20 EMA. As long as the market is still above the 20 EMA, our view will remain bullish. We expect some more consolidation before a possible third attempt at the trendline resistance. Preferred Direction: Buy Technical Indicators: 20 EMA Resistance: 74.91 Support: 72.13 Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
TVC:USOILLong
by BluetonaFX
XAUUSD | GOLDSPOT | New perspective | follow-up detailsGold's recovery near $2,030 persists as the US Dollar adopts a sideways trend. Despite a less convincing pullback in Gold, traders have tempered expectations for a Fed rate cut in March. While the precious metal has rebounded significantly amid escalating Middle East conflicts, the short-term outlook remains cautious due to limited upside potential, influenced by diminishing bets supporting an interest rate cut from the Federal Reserve (Fed.) Uncertainty surrounds the US inflation outlook as price growth gradually recedes, counterbalanced by a robust economy fueled by strong household spending. This dynamic adds pressure to inflation and reinforces the likelihood of the Fed maintaining a restrictive monetary policy stance for an extended period. The upcoming monetary policy meeting on January 31 is anticipated to see the Fed holding interest rates steady in the range of 5.25%-5.50%, marking the fourth consecutive time. Market attention will shift to the Fed's commentary on fitting the expected three interest rate cuts within the remaining seven policy meetings of 2024. Notably, Goolsbee highlights the necessity for further declines in housing inflation for a sustained reduction in price pressures, cautioning that inflation reversals could prompt rate hikes. How will we navigate this market environment in the coming week? XAUUSD Technical Overview: In this video, we conducted a comprehensive analysis of the XAUUSD chart, utilizing both technical and fundamental perspectives. Our examination included an in-depth study of key levels, historical price movements, market behaviors, and the interplay between buyers and sellers, aiming to unveil potential trading opportunities. Our focal point for the week is the $2,005 zone, endowed with historical significance, rendering it a pivotal level. The sustainability of bullish momentum above this zone could pave the way for continued buying pressure, potentially propelling prices to new highs. Conversely, a breach below the $2,005 level, coupled with persistent selling pressure, might signal a resurgence of bearish sentiment. Immerse yourself in the latest dynamics of the Gold market! Stay well-informed to make strategic investment decisions. #GoldMarket #SafeHavenAssets 📺🔔💼 Disclaimer Notice: Please be aware that margin trading in the foreign exchange market, including commodity trading, CFDs, stocks, and other instruments, carries a high level of risk and may not be suitable for all investors. The content of this speculative material, including all data, is provided by me for educational purposes only and to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not assume any responsibility for its accuracy. It is important that you carefully evaluate your investment experience, financial situation, investment objectives, and risk tolerance level. Before making any investment, it is advisable to consult with your independent financial advisor to assess the suitability of your circumstances. Please note that I cannot guarantee the accuracy of the information provided, and I am not liable for any loss or damage that may directly or indirectly result from the content or the receipt of any instructions or notifications associated with it. Remember that past performance is not necessarily indicative of future results. Keep this in mind while considering any investment opportunities.
PEPPERSTONE:XAUUSDLong
by darcsherry
3
USDJPY Bull Flag PatternHi Traders! There is a bull flag pattern developing on the USDJPY 1D chart. Here are the details: The price action looks bullish, and the market is currently in a consolidation phase in the flag's channel as the flag pattern is in its early phase. The market is still above the 20 EMA, which is a bullish signal. As long as the market remains above the EMA and flag channel support, we will remain bullish on this pair. Preferred Direction: Buy Resistance (FLAG CHANNEL): 148.830 Support (FLAG CHANNEL): 146.680 Technical Indicators: 20 EMA Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Long
by BluetonaFX
2
QQQ Stochastic Phase PlaneThis chart maps out the territories QQQ will trade in, I use stochastic analysis. I've included the results of the previous moves to show how accurate this method is. For a high level description: - the colored funnel extending from a peak or valley is the local territory price will trade in - the trajectories of the same color of a territory are the expected paths that create the territory, the circles are the highest probability levels price is expected to trade in a a given time (you can see these hit exactly on numerous occasions) - the boxes are target ranges for the respective move (color coded), thick boxes are target range 2. Target range 1 is always the expected scenario, with target range 2 being a lower probability scenario -------------------------------------------------------------------------------------------------------- QQQ has just made a legitimate breakout above 366 and is trading with respect to the parallel blue channel. Notice in the previous move price stays within channel, which is common except for big breakouts or breakdowns. Most Bullish Case : 408 by 1/2/2024 Conservative Bullish Case : 408 by 2/23/2024 ** In both bullish cases QQQ needs to trade above or inside the blue parallel channel - a break below that channel opens the door for a crash setup to 324 minimum These bullish cases still allow for a near-term pullback Minimum pullback : test of the upper blue channel for support MOST LIKELY PULLBACK : to a confluence target of 369 by 11/30/2023 (4-5% drop) --------------------------------------------------------------------------------------------------------- After this pullback there are 2 scenarios: 1) Continue higher to 400s in 2024 2) Bounce to make lower high and then drop to at least 340s in early 2024 ( this is the expected scenario ) The stock market is a stochastic process, so I'll share updates when necessary.
NASDAQ:QQQ
by JerryManders
11
GBPUSD Possible Re-Test Of Monthly HighHi Traders! There is some bullish momentum behind GBPUSD, and there may be a possibility of a re-test of the monthly high. Here are the details: The price action on the 1D chart looks bullish. The market is in an ascending price channel with higher market swings and lower rejection price wicks; the market is also currently above the 20 EMA. Preferred Direction: Buy Resistance: 1.27858 Support: 1.26612 Technical Indicators: 20 EMA Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Long
by BluetonaFX
DXY 103.176 - 0.06% SHORT IDEA HTF BIAS 🐻🐻🐻HELLO TRADERS Hope everyone is doing great 🛑 New week new opportunities A look at the DXY ahead of the new week 👌 MULTI-TIMEFRAME ANALYSIS DXY DAILY * We see the 78.6 % FIB level holding in the past week. * Looking for signs of some bearish momentum for continuation with the bears. * The DXY is currently trading in PREMIUM. * Any signs of bearish momentum would Signal Bearish moves for the week that is. * Bullish momentum changes the Bias for the week & possibly signals reversals DXY 4H CHART * We see rejections at the VI holding. * DXY failed to take the high on Friday, signaling possible weakening of the bulls. * Looking at the small FVG above to hold and reject. * This would be one of the confirmations for some Bearish moves. DXY 1H TIMEFRAME * On the 1H we see that the 4H FVG does not align with premium. * But we find a -OB just above this zone on the 1H * Looking for rejections at this levels. * For a bearish week. HOPE YOU ENJOYED THIS OUT LOOK, SHARE YOURS BELOW🛑 lets see how it goes. IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE SMASH THAT LIKE BUTTON & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ * Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - I TAKE MY TRADES ON A INTRA DAY SESSIONS BASIS THIS IS NOT FINACIAL ADVICE TO EXCECUTE ❤ LOVELY TRADING WEEK TO YOU!
TVC:DXYShort
by PULEMokhothu
5