Swingtrading
GBPUSD: Bullish Outlook For Next Week Explained 🇬🇧🇺🇸
GBPUSD broke and closed above a key daily horizontal
resistance this week.
The next strong historic structure is 1.3.
It will most likely be the next goal for the buyers the following week.
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Gold (XAUUSD) - Liquidity Grab & Potential ReversalGold has been showing interesting price action around key levels, forming a potential double top structure. The market tested the 2,930.19 resistance level, rejecting it sharply and showing signs of exhaustion.
Possible Scenario:
- Point A : Price is currently reacting from a key resistance level where liquidity is stacked.
- Point B : A potential sweep of liquidity around 2,874.04 , where price could create a demand zone before reversing.
- Point C : If buyers step in after the liquidity grab at B, we could see a rally back into the resistance zone, targeting a break of 2,930.19 .
However, if the structure breaks lower without a strong buyer reaction, further downside could come into play, possibly targeting 2,820 as the next liquidity zone.
Key Considerations:
- Monitoring fundamental catalysts such as economic data and interest rate decisions. With NFP and Fed updates this week, volatility is expected!
- Watching for confirmation of bullish intent after the liquidity grab.
- Tracking volume to gauge potential momentum.
🚀 Do you think gold will hold above 2,874.04 , or will bears take over? Drop your thoughts below! 🚀
#Tradingview
FOREXCOM:XAUUSD
The Dollar's Demise May Not Be Over Just YetThe US dollar index is on track for its worst week in nearly two and a half years. It is also nearly 6% off from the January high, which is similar in depth to the two previous selloffs seen in 2023 and 2024. Yet I do not think we've seen the low just yet, even if there is evidence of a potential bounce on the daily chart.
Matt Simpson, Market Analyst at City Index and Forex.com
Gold - A Bullish Close Would Be Insane!Gold ( TVC:GOLD ) has to close bullish now:
Click chart above to see the detailed analysis👆🏻
Just since the end of 2022, Gold rallied about +80% which is simply unbelievable looking at the already significant market cap of the precious metal. However this bullrun does not seem to be over and if Gold confirmes the trendline breakout, another rally of +40% will follow soon.
Levels to watch: $4.000
Keep your long term vision,
Philip (BasicTrading)
Demand zone for STNG!🔉Sound on!🔉
📣Make sure to watch fullscreen!📣
Thank you as always for watching my videos. I hope that you learned something very educational! Please feel free to like, share, and comment on this post. Remember only risk what you are willing to lose. Trading is very risky but it can change your life!
GBP/USD: Bulls in Control… For Now! Key Levels to Watch Hello Folks
GBP/USD is holding strong above 1.2533, and I see a potential bullish move toward 1.2805 if momentum continues. But I’m staying flexible—if price breaks below 1.2450, my bias shifts, and I’ll look for downside targets instead. 📊
📍 Here’s how I see it:
✅ Bullish above: 1.2533 → 1.2627 → 1.2650 → 1.2805 🚀
❌ Bearish shift below: 1.2450 → 1.2378 👀
💡 My Plan:
As long as GBP/USD stays above 1.2533, I’m bullish and expecting a push toward 1.2805 📈
If price drops below 1.2450, I’ll reconsider and look for shorts instead 📉
⚠️ No need to rush—let the market confirm the move!
SWING IDEA - SAILSAIL Stock Technical Analysis
Steel Authority of India Limited ( NSE:SAIL ) has been consolidating around the 95 resistance level for over a year. After multiple attempts, the stock finally broke out above this level in January 2024, turning it into a strong support zone.
Following the breakout, SAIL surged to a peak of 175, marking an 85% gain. However, the stock then saw a sharp retracement, correcting by nearly 47% and revisiting the rising trendline support around the 100-105 range. This level, which previously acted as resistance, has now become a critical demand zone.
Currently, SAIL is showing signs of renewed bullish momentum, bouncing off its trendline support and forming a potential reversal. The weekly MACD crossover, observed in the chart, further reinforces a trend reversal signal. Additionally, a short-term upside target of 12% is indicated, while a long-term potential target of 76% upside is visible in the chart, aligning with the previous swing high.
The chart also highlights three take-profit targets:
Target 1: The first profit-taking zone, offering an initial opportunity to secure gains.
Target 2: A mid-level profit-taking zone, aligning with previous consolidation areas.
Target 3: The final take-profit level around 175, marking the prior high and a potential full exit point for long-term investors.
KEY OBSERVATIONS:
One-year resistance of 95 was decisively broken in January 2024
Stock surged 85% to a high of 175 before correcting 47%
100-105 level now acts as a strong rising trendline support
Weekly MACD crossover signals a bullish momentum shift
Three take-profit targets identified, with the final target at 175
Potential upside target of 76% from support levels, aligning with previous highs
RECOMMENDATION:
Based on this technical analysis, holding SAIL for the long term could be a strong strategy. The potential returns include:
12% upside in the short term
76% upside from current levels, targeting previous highs around 175
This analysis presents a compelling buying opportunity in SAIL, fueled by its breakout, support validation, and momentum reversal.
IMPORTANT NOTE:
Investors should be aware that there is a chance the stock may retest the 100-105 support level before resuming its upward trajectory. This potential pullback should be carefully monitored, and investment strategies should be adjusted accordingly.
DISCLAIMER: This analysis is for educational and informational purposes only and should not be considered as financial advice. Technical indicators and historical data are not guarantees of future performance. Investors should conduct thorough research, assess risk tolerance, and consult a financial advisor before making any investment decisions.
Meta - The Breakout Is About To Be Confirmed!Meta ( NASDAQ:META ) is attempting the breakout:
Click chart above to see the detailed analysis👆🏻
Over the past couple of months, we have been witnessing an incredible rally of about +750% on Meta. Looking at the long term reverse triangle pattern, this rally was not unexpected and such is the breakout. We still need to see confirmation, but then Meta will target the four digit level.
Levels to watch: $700, $1.000
Keep your long term vision,
Philip (BasicTrading)
JNJ Update | Swing Trade 2 PlaysShort term price action is at a high in which I'd like to see a retracement for a short opportunity. The long term play I would like to buy once price is near $150 to hold towards $180.
Last Post
*A break below the trendline followed by a retest and rejection would invalidate the trend based on my bearish TA.*
LEMONTREE HOTELS 240 MINS TIME FRAMEThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves.
We do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle.
Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price.
Please keep your comments useful & respectful.
Keep it simple, keep it Unique.
Thanks for your support
Tradelikemee Academy
Saanjayy KG
Bearish BTCOn the daily and weekly stochastic RSI is in the overbought zone.
Using fibonacci, on the daily, price has not finished out the fib sequence to the d extension and had less than a 38.2 pullback.
We hit a d extension on the monthly.
Still bearish on this pair at least to 77K = 38.2 up fib retracement zone with inclination toward further downside potential to 68K = 61.8 up fib retracement zone.
Bitcoin - Just Objectively Look At The Chart.Bitcoin ( CRYPTO:BTCUSD ) remains very bullish lately:
Click chart above to see the detailed analysis👆🏻
Many traders are actually calling the top on Bitcoin but if we objectively look at the chart, situation is entirely different. First, Bitcoin just broke above the previous cycle high with a massive candle and second, we still have a valid rising channel acting as a major support.
Levels to watch: $70.000, $300.000
Keep your long term vision,
Philip (BasicTrading)
TSLA: Down 44% – Is This the Bottom?Tesla has been absolutely crushed since hitting its all-time high at $485. A 44% drop isn’t shocking after such a huge rally, but it’s still a brutal move. Now, we’re back into support, sitting near the level of Wave 1 – so far, nothing completely out of the ordinary.
Maybe to counter some of the selling pressure, Elon Musk tweeted yesterday that he sees a 1000% price increase in the next five years – if the work is put in. Take it however you want. The tweet probably gave TSLA a short-term boost, since Musk’s words always spark some level of hope. But we’ve seen this game before – big claims, and sometimes, reality doesn’t follow through.
Technically speaking:
As long as Tesla holds the order block between $240 and $260, or at least the current support, things don’t look too bad. But if that level breaks, things could get ugly – and $150 might not be far off.
For now, this remains one to watch.
Coffee Futures Outlook: Potential Corrections Ahead After HistorCoffee futures have experienced a strong upward movement, breaking their all-time high and unlocking Fibonacci-based mirroring and projection targets. However, the manner in which the price reached this level—overextended and distanced from its moving averages—combined with last month’s candlestick signaling selling pressure, suggests a high probability of corrective movements in the coming months. Should a pullback occur, it will be crucial to monitor how the price reacts upon testing the 20-period moving average.
Bullflag on UNP! 🔉Sound on!🔉
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Thank you as always for watching my videos. I hope that you learned something very educational! Please feel free to like, share, and comment on this post. Remember only risk what you are willing to lose. Trading is very risky but it can change your life!
Looking bullish on MSFT! 🔉Sound on!🔉
📣Make sure to watch fullscreen!📣
Thank you as always for watching my videos. I hope that you learned something very educational! Please feel free to like, share, and comment on this post. Remember only risk what you are willing to lose. Trading is very risky but it can change your life!
KPIT TECH LONGEntry- 1200 (OR any dip till 1188)
Support- 1150 (which is the hammer candle low)
Target- 1300
Reason- A great reversal can be seen with a hammer candle in 4hr and a bullish engulfing in `1hr with 4hr RSI being oversold.
Disclaimer- This is just for educational purpose please take advice from your own financial advisor before taking any decision.
Jai Shree Ram.
Cummins India LongEntry- 2805-2810. ( Any dip till 2780 will be a buying opportunity)
Support- 2650
Target- 2950, 3000
Pattern- Looking great for a reversal from hereon. Making a bullish engulfing on daily chart and a sort of triple bottom around 2600 levels.
Disclaimer- This is just for education purpose please take advice from your financial advisor before making any decision.
Jai Shree Ram.