Buy CADJPY Triangle BreakoutThe CAD/JPY pair on the M30 timeframe presents a potential buying opportunity due to a recent breakout from a triangle pattern.
Possible Long Trade :
Entry: Consider entering a long position (buying CAD/JPY) above the broken resistance trendline of the triangle after confirmation. Ideally, this would be around 114.40 or higher if the price continues to rise.
Target Levels:
115.00: This represents the height of the triangle, measured from its apex (highest or lowest point) to the breakout point, projected upwards from the breakout point.
115.23: This is a further extension of the upside target, based on the height of the recent price movement before the breakout.
Stop-Loss: Once the entry point is confirmed, place a stop-loss order below the broken resistance line of the triangle, ideally with some buffer around 114.25. This helps limit potential losses if the price unexpectedly reverses and breaks back downwards.
Thank you.
Supportandresistancezones
📈 Focus on GOLD ( XAUUSD ) !www.tradingview.com
📈 Focus on XAUUSD!
🚀 On the H4 chart, XAUUSD has tested the significant 2370 resistance, which aligns with the golden Fibonacci ratio. Technically the market is still bullish.
🔼 If the price breaks above the 2370 resistance, the next target is 2395.
🔽 If a correction happens, the price might drop to 2330 and the 38.3 Fibonacci level.
THETA/USDT Trading ScenarioWe're looking into the scenario of price movement development on THETA.
Right now, the asset is trading below the resistance level at $2.5757. There's a chance it could break through this level if the volume profile supports it. This could show that buyers are getting more interested.
The next significant resistance is at $3.1098. From this level, there might be a correction and testing of the broken level, which will confirm its strength as a new support.
There's a chance that further consolidation under the new level, with a probable move higher, will be seen. This will depend on the preservation of buying pressure and favorable market conditions.
Wipro is ready to blast for 750 Targets !!Wipro Chart is Bullish after 20% correction
Wipro is on Law of Polarity working from 2021
Stock has achieved the targets of LOP which was coming around 550
And stock has corrected exactly from there !!
Now stock is around Law of Polarity and also Wipro is making Falling Broadning pattern in an uptrend which indicating Bullishness.
Stock is still around the support area and looking lucrative.
Thank You !!
Disclaimer : We are not SEBI registered analyst. Do your own research before taking any investment decision.
Sell GBPUSD CPI DataThe GBP/USD pair on the M30 timeframe presents a potential shorting opportunity due to a recent breakout from a wedge pattern.
Possible Short Trade :
Entry: Consider entering a short position (selling GBP/USD) below the broken support trendline of the wedge after confirmation. Ideally, this would be around 1.2720 or lower if the price continues to decline.
Target Levels:
1.2678: This target is achieved by measuring the height of the wedge (from its apex to the breakout point) and projecting it downwards from the breakout point.
1.2650: This is a further extension of the downside target, based on the height of the recent price movement before the breakout.
Stop-Loss: Once the entry point is confirmed, place a stop-loss order above the broken support line of the wedge, ideally with some buffer around 1.2730. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Thank you.
APD Long Investment Conservative Trend Trade Conservative Trend Trade 5F
+ long impulse
+ SOS bar
Calculated affordable stop loss
1 to 2 R/R below 1/2 monthly zone
Monthly chart context
+ long impulse
+ biggest volume T2 level
+ biggest volume manipulation
Start building position, will add more after there's a set up on inferior timeframe.
STLA 1H Long Aggressive CounterTrend TradeAggressive CounterTrend Trade
- short impulse
+ volumed T1 level
+ volumed Sp
+ weak test
+ first bullish bar closed entry
Calculated affordable real stop loss
1 to 2 TP before volume zone
Context on Daily:
"- short impulse
+ monthly support level
+ 1/2 correction monthly
+ biggest volume T1
+ biggest volume Sp"
Context on Monthly
"+ long impulse
+ SOS level
+ 1/2 correction?
+ support level"
A weaker Australian Dollar vs US DollarThe Australian dollar appears reluctant to break above its resistance level, so we consider selling and targeting the support level below. We believe that the current market conditions suggest a bearish outlook for the Australian dollar, as it struggles to gain momentum above the resistance level. By selling at this point and targeting the support level below, we aim to capitalize on potential downward movement in the currency.
TONUSDT Trading ScenarioLet's have a look at how the price of TON is moving.
Right now, the price is testing the resistance level it hit at $7.637. The first rise in the price came from the volume POC level at $2.117, which led to a rise of more than 270%. After that, the price corrected by 40%.
There might be a deeper decline in this move. This could be a good time to buy the asset. During the decline, we can use the 200-day moving average as a reference point to start forming a position.