Support and Resistance
GBPAUD buy Trade IdeaHello Traders
In This Chart GBP/AUD 4 HOURLY Forex Forecast By FOREX PLANET
today GBP/AUD analysis 👆
🟢This Chart includes_ (GBP/AUD market update)
🟢What is The Next Opportunity on GBP/AUD 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
IOC Positioned for Significant Upside Potential: Projected 10%+ Indian Oil Corporation (IOC) has recently experienced a reversal from a well-established support level, accompanied by a notable surge in trading volume, which suggests the potential for continued bullish momentum. Currently, the price is approaching a critical trendline on the daily chart. A breakout above this trendline could signal a significant reversal and drive further upward movement in the coming months. Alternatively, if the price fails to break through, it may retrace to test the support level once more before resuming its bullish trajectory. This scenario presents a pivotal moment for IOC, with both outcomes warranting close observation for informed decision-making.
This information is provided solely for educational purposes and should not be used as the basis for any trading decisions.
Start shorting goldDear Traders,
Gold has now surged above 2750, with bullish momentum remaining robust. It appears that gold is showing signs of attempting to challenge the previous high of 2790. However, as prices continue to rise, the risks also increase. For short-term trading, I would avoid chasing long positions unless there is a significant pullback opportunity.
Despite gold's strong upward trajectory, I believe there are indications of a short squeeze. Therefore, I do not advocate aggressively pursuing further long positions at this stage. In the near term, gold faces resistance in the 2760–2765 range. If it fails to decisively break through this level, there is a high probability of a notable correction. Consequently, I currently prefer to explore opportunities to short gold, targeting the 2735–2730 zone, or potentially as low as 2720.
Bros, do you expect gold to retrace in the short term like me? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
DeGRAM | GBPJPY rebound from dynamic supportGBPJPY is between the trend lines above the descending channel.
The price is moving from the lower trend line, broke the upper channel boundary and is now above the 38.2% retracement level.
The chart has formed a harmonic pattern.
We expect the rebound to continue.
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Share your opinion in the comments and support the idea with like. Thanks for your support!
GRT Long Spot Opportunity Market Context:
GRT is trading at a critical support level, signaling a potential bounce. This area offers a strong foundation for a long trade, supported by historical price action and favorable technical indicators.
Trade Details:
Entry Zone: $0.18 - $0.20
Take Profit Targets:
$0.2350 - $0.25
$0.29 - $0.31
$0.34 - $0.36
Stop Loss: Below $0.17
This trade presents an excellent risk-to-reward ratio, targeting gradual moves toward higher resistance zones. 📈
Purple Innovation | PRPL | Long at $0.93Purple Innovation / Mattress NASDAQ:PRPL is facing a Nasdaq delisting if it can't stay above $1 by early 2025. However, a positive move up (from a technical analysis perspective) may be brewing. My historical simple moving average lines are approaching the price, which more often than not means a future price jump. But the question is, will it occur before the scheduled delisting?
Google Trends shows the largest spike in the search for "Purple Mattress" occurred between June to December 2024. The CEO of NASDAQ:PRPL bought $203k worth of shares around this initial spike. The company is not expected to be profitable for some time, but I am more interested in the short-term move here vs the strength of the company, long-term. So, while this is a "risky" play, especially with the approaching Nasdaq delisting, it's interesting from a technical analysis end. At $0.93, NASDAQ:PRPL is in a personal buy zone through January 2025.
Target #1 = $1.14
Target #2 = $1.30
Target #3 = $1.50
Target #4 = $1.63
CVS Health Corp | CVS | Long at $43Not much to write about here except the stock has reentered the "crash" simple moving average area (see green lines). Often, this signals an overall bottom, but it doesn't mean a further dip below $40 isn't possible in the near-term. Personally, I can't ignore this reentry and thus have started a position at $43 (after closing out a previous position in October in the $60's). The company has a lot of headwinds, but if Walgreens NASDAQ:WBA is also in trouble, is NYSE:CVS too big to fail in the short-term?
Target #1 = $53.00
Target #2 = $60.00
Target #3 = $65.00
Target #4 = $68.00
Liberty Latin America | LILA | Long at $6.37Liberty Latin America NASDAQ:LILA is a leading telecommunications company operating in over 20 countries across Latin America and the Caribbean under the consumer brands Flow, Liberty Communications, Más Móvil, BTC and Liberty Costa Rica. Insiders have been loading up shares after the recent drop post earnings, which got my attention. The company is expected to be profitable starting in 2025, but its stock has taken a tremendous hit over the past few years. On paper, the future looks bright for this large telecommunications company and it is trading at good value compared to peers and industry.
From a technical analysis perspective, my selected historical simple moving average lines are connecting with the price (which often means a future breakout). The recent dip, based on the financials and insider buying, may be a hidden opportunity for a future run up and the stock consolidates. However, as always, stay cautious. Thus, at $6.37, NASDAQ:LILA is in a personal buy zone.
Target #1 = $7.00
Target #2 = $8.00
Target #3 = $9.00
Target #4 = $10.00
Lockheed Martin | LMT | Long at $472.00Lockheed Martin $NYSE:LMT. The war machine keeps turning... while there may some temporary "peace" with the new Trump administration, it is just never (unfortunately) permanent.
The price has entered my historical simple moving average area. If there is a bounce, I expect it to be between the current price of $466.00 and $450.00. I've started a small position at $472.00 and will grab more shares if it hits $450. Now, if the aerospace and defensive industry goes through a downtrend with the new presidential administration, I expect the price to fill the daily price gap near the low $400s - which is only an even better bargain, in my opinion.
Target #1 = $500.00
Target #2 = $535.00
Target #3 = $610.00
Teladoc Health | TDOC | Long at $9.91Teladoc Health NYSE:TDOC - Initial position started at $9.91 with the potential for the price gap in the $7's to be closed in the near future (likely another entry there unless fundamentals change)
Pros:
User base of over 90 million and growing
Revenue grew from $555 million in 2019 to $2.6 billion through Q3 of 2024
Positive free cash flow since 2021
Low debt (debt to equity ratio around 1x)
AI integration and partnership with Amazon and Brightline
Historical simply moving average is approaching price, which often leads to a jump or change in downward momentum in the longer-term
Cons:
Currently unprofitable and not forecast to become profitable over the next 3 years
Lots of insider selling and exercising of options
No dividend
Daily price gap in the $7 dollar range which may close prior to move up
Targets through 2027 :
$14.20
$20.00
$27.00
$35.00
$55.00 (long-term, positive outlook)
Trade Setup: SUPER Long Swing OpportunityMarket Context:
SUPER has reached a significant support level, making this an ideal zone to consider a long swing trade. The current consolidation within this area increases the likelihood of a bullish rebound.
Trade Details:
Entry Zone: $1.02 - $1.10
Take Profit Targets:
$1.60 - $1.80
$2.10 - $2.30
Stop Loss: Below $0.93
This setup offers a favorable risk-to-reward ratio, targeting the next major resistance zones. 📈
WULF LONGWe are currently in spring, from here or we go up above 9.2 or we go lower.
my analyze is based on Wyckoff accumulation structure.
Based on that my SL will be 5.7$ last support on 1D chart, wish i think if it goes below it we should go lower than 5$
Target would be 10.8, the trade would take time
great risk/reward ratio
100Pts Long on GOLD / 5R Multiple for DA HOUSE Recap!!COMEX:GC1!
"2025 For a greater reward, we must go to the valley to CONQUER!!" -500KTrey
Here in this video I have gone into great detail about our system;
Confluence Profile 500K (Expectational Order-Flow + PA) 20pt Stop / 5R Run... Well DONE!!
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+Shalom
Trade Setup: LTC Long Opportunity Market Context:
LTC experienced a significant rally last week, showcasing strong bullish momentum. The price has since retraced to a key support zone, offering a strategic entry point for a long spot trade.
Trade Details:
Entry Zone: $110.00 - $115.00
Take Profit Targets:
$136.50 - $140.00
$165.00 - $175.00
Stop Loss: Below $105.00
This setup leverages the retracement into support, aligning with the broader bullish trend for LTC. 📈
AAPL earnings next ThursdayApple Q1 earnings are on Thursday 1/30 at 4:30pm. Apple (AAPL) reported earnings of 1.64 per share on revenue of 94.93 billion for Q4 ending September 2024. The consensus earnings estimate was 1.49 per share on revenue of 94.48 billion. The company beat expectations by 0.61% while revenue grew 6.07% on a year-over-year basis.
The company said during its conference call it expects Q1 revenue to grow in the low to mid-single digits, or revenue of approximately 120.77 billion to 128.54 billion with gross margins of 46.0% to 47.0%, which calculates to earnings of approximately 2.19 to 2.47 per share.
This long AAPL trade idea is based off SMA200 support at 221, RSI is oversold and it's printing a bullish reversal hammer this morning. Therefore, it's a great long entry position with low risk & high probability, heading into earnings on next Thursday.
Q1 consensus:
EPS = 2.36
Revenue = 124.1 B
SMA200 = 221
Trade idea:
long = 222
stop = 219
profit = 240
Options data:
1/31 expiry
Put Volume Total 10,866
Call Volume Total 25,128
Put/Call Volume Ratio 0.43
Put Open Interest Total 76,428
Call Open Interest Total 126,251
Put/Call Open Interest Ratio 0.61
2/21 expiry
Put Volume Total 3,441
Call Volume Total 11,700
Put/Call Volume Ratio 0.29
Put Open Interest Total 224,398
Call Open Interest Total 315,905
Put/Call Open Interest Ratio 0.71
3/21 expiry
Put Volume Total 2,008
Call Volume Total 12,900
Put/Call Volume Ratio 0.16
Put Open Interest Total 298,306
Call Open Interest Total 317,092
Put/Call Open Interest Ratio 0.94
LTCUSDT - ASCENDING BREAKOUT FORMATION ?
LITECOIN (LTC/USDT) Technical Analysis
Pattern: Long-term ascending triangle formation with clear demand zone between 85-95 USDT
Key Points:
- Price currently at 116.25 USDT (-0.80%)
- Strong demand zone established
- Two major price targets identified: TP1: 188 USDT, TP2: 205 USDT
- Volume showing increased interest at 117.82K
Technical Setup:
1. Support: Ascending trendline from November lows
2. Resistance: Horizontal line around 130 USDT
3. Market structure suggests accumulation phase before potential breakout
Risk Management:
- Entry: Current levels after confirmation of demand zone hold
- Stop Loss: Below demand zone (~78 USDT)
- Risk/Reward ratio favorable for long position
Important: This analysis is for educational purposes. Always conduct your own research and manage risk appropriately.
#Litecoin #LTCUSDT #CryptoTrading #TechnicalAnalysis
#UPDATE FOR BTCUSDMy team and I are closely watching a potential bullish opportunity on the BTCUSD pair. The next step is to see when the price reaches our support zone and how it reacts. Stay tuned for more updates by following T-G .
Before taking any step confirmation should be taken by analyzing more deeply in smaller time frame, when markets open.
Remember, always use calculated stoploss for your trade.
What are your thoughts? Share your insights below and let’s spark the discussion!
Gold : Bullish Outlook with Potential Correction Below 2757Gold Technical Analysis
The price has perfectly reached our target of 2757, as mentioned previously.
As long as the price trades above 2757, the bullish trend is expected to continue toward 2773 and then 2787 (ATH).
A 4-hour candle close below 2757 would indicate a potential bearish correction toward 2739.
Key Levels:
Pivot Point: 2757
Resistance Levels: 2773, 2787 (ATH)
Support Levels: 2747, 2739, 2722
Trend Outlook:
Bullish Trend while above 2757
Bearish Trend if a 4-hour candle closes below 2757
previous idea:
Inverted Bull Hammer candlestick pattern (weekly chart)Nike has confluence with the RSI already going on up and both MACD and Signal line at the 0 line as well. Strong support is shown at the 70's level and already rebounding upwards, just like when Nike fell through mid 2024.
The Inverted Hammer candlestick formation occurs mainly at the bottom of downtrends and can act as a warning of a potential bullish reversal pattern. What happens on the next day after the Inverted Hammer pattern is what gives traders an idea as to whether or not prices will go higher or lower.
The Inverted Hammer formation is created when the open, low, and close are roughly the same price. Also, there is a long upper shadow which should be at least twice the length of the real body.
After a long downtrend, the formation of an Inverted Hammer is bullish because prices hesitated to move downward during the day. Sellers pushed prices back to where they were at the open, but increasing prices shows that bulls are testing the power of the bears.
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