USOIL: Continue the downtrend?Very simple setup on crude oil. Looking for a small correction to the previous support. This is not only from last week, but also from many months ago.
Entry at 67
Target at 62.95
Supportandresistancezones
DAX Index Recovers Its Losses!Following the release of the U.S. non-farm payroll report, which came in below expectations, market risk appetite weakened. The DAX index also accelerated its decline, targeting the 18,257 support level. Expectations for a Fed rate cut have strengthened to 50 basis points, while the ECB is expected to lower rates by 25 basis points at its meeting this week.
Technically, if the 18,285 level is broken on the downside, a pullback could extend first to the 18,075 support and then to 17,920. On the upside, if the price holds above the 18,500 resistance, buying could push the index first towards the 18,700 resistance and then to 18,900.
FTMUSDTsee and watch :)
It seems that the price is forming a Head & Shoulders pattern, which is targeting the $0.9-$1 range...
GLAND PHARMA SHOWS A REVERSAL SIGN...NSE:GLAND trade at 1900 level. Fibonacci level show stock give a retracement at 38%, So You can watch for atleast 50% reversal at 2500-2600 level.
EURUSD Long Position with more than 1:2.5 RRREURUSD can go up, the RRR is more than 1:2.5
let's catch it. thanks
BTC can go down at 50k phycological level.see this idea in chart time frame = W - D - H4.
I do top-down analysis and the BTC has more room to go down. thanks.
FOLLOW - for more latest ideas based on top-down analysis.
thanks
RoboTechTrading
DUOL: Price structure (upd)
The corrective structure for wave (2) looks to be complete. Next important mid-term resistance area: 248-345 (0.382-0.618% extension of wave (1)-(2)). In this resistance zone price may form a potential handle in long CaH patter before breaking out into long term uptrend towards next macro resistance zone: 589-820 and beyond (if following support structure holds)
Proposed structure is valid if price holds above august's lows (144)
Previous idea from Dec 2018 with updates:
Thank you for your attention!
SWING IDEA - ERISStock is currently trading near its Multi Year Support/Resistance zone of 836.
While 836 has been a strong Resistance/Rejection point twine in 2018 and 2021, this has turned out to be a good Support point currently since Sep 2023 during multiple revisits.
MACD Cross is also under play at this time.
If all goes well, the stock could start seeing some new highs in the coming weeks.
Stock has also had a good Earning report this past week, so lets hope for a move upward.
Note: Stock has been consolidating in the same zone for nearly 6 months now. With good volumes, it could very well see new highs.
Sell AUD/USD Bearish Flag The AUD/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Bearish Flag pattern. This suggests a shift in momentum towards the downside in the coming Hours.
Key Points:
Sell Entry: Consider entering a short position around the current price of 0.6733, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 0.6662
2nd Support – 0.6626
Stop-Loss: To manage risk, place a stop-loss order above 0.6760. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
Bulls and Bears zone for 09-06-2024This week traders sentiment seems to down. Historically, September is a challenging month for the market.
Level to watch: 5516 ---5514
Sell AUD/CAD Triangle BreakoutThe AUD/CAD pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the downside in the coming hours.
Possible Short Trade:
Entry: Consider Entering A Short Position Below the Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 0.9086
Target Levels:
1st Support – 0.9045
2nd Support – 0.9025
Stop-Loss: To manage risk, place a stop-loss order above 0.9115. This helps limit potential losses if the price falls back unexpectedly.
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
EURAUD BUYEuro vs Australia dollar 💵 has made a falling wedge over daily TF and when it broke above that falling wedge it has made a 1H falling wedge to retest the daily broke falling wedge it has also broke 1H wedge an trying to move into bullish direction toward its daily Resistance so we will be waiting for a confirmation and enter into trade
GBPJPY out lookGbpjpy has broken its support level and moved down for the day now its moved into to its Bearish channel and now it has broken above the bearish channel in my view it will retest its broken support into resistance so its a swing buy trade and sell trade
USDCHF buyUs dollar vs swiss franc is moving into a 4H bearidh channel also its following a Daily Bearish trendline as i see it will take a dip down to its nearest support and will hold its bullish position over all trend is bearish
PFC may break again All Time High Level...NSE:PFC trade at 555 level. After breakout you can watch for an Upside move...
OP/USDT Trading ScenarioAfter reaching an all-time high of $4.866, the asset's price corrected by more than 78%, returning to a zone of interest for participants, as defined by the volume profile and the key POC level. According to Fibonacci levels, the current asset price is in a buying zone.
In this situation, based on indicator readings, it's possible to consider building a position in OP assets with the aim of holding and potential growth to at least the 0.5 Fibonacci level, corresponding to the price point of $2.61. There is also the possibility of further price movement with a new ATH.
