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EURUSD Potential Shorts (Technical Analysis)Overall Context: The dollar's been flexing its muscles lately, and EURUSD is feeling the pressure. We saw some crazy gaps when the markets opened on Monday morning – a sign of shaky liquidity, which usually snaps back. But with the trade war rumbling on, who knows? As traders, we've got to stay prepared, expecting a correction but ready with our contingency plans if it doesn't happen. Let's dive in - Technical Outlook: Failure of the previous accumulation cycle - Classic Wyckoff stuff, cycles run their course. A re-distribution is likely on the horizon, especially if the lower timeframes agree with the bigger picture. (Fractally, we need to see the LTF accumulation fail and for distribution to align with the HTF sentiment and cycle). Price has broken to the downside and has created multiple lower highs. Trading below the 200 EMA and has recently tested and bounced of the 50 EMA (at a correlating level of supply) Keep in mind that USDJPY and EURUSD are inversely correlated and are currently in line - While the inverse correlation is a significant factor, it's not the only thing that influences these currency pairs. Interest rates, economic data, and global events can also play a role and we know how that story looks at present so this is just additional confluence for us. Potential Scenarios & Probabilities: Scenario 1 (High Probability) - Price will pull back into the supply and drop from there. Scenario 2 (Medium Probability) - Price will continue to plummet and break structure to the downside. Trading Considerations: If price fills the gap and reaches supply levels above, you should wait for bearish confirmations to get involved. If price drops past the previous low, identify new levels of supply and trade accordingly. (I'll try to post an update if this happens). Final Notes: Strong technical picture but this week has a lot of upcoming economic events (NFP, anyone?). With the Tariffs imposed so close to the NFP release one can only assume there will be a power play by the Trump administration which we may not see coming. All we can do for now is follow the money flow to stay in the know! Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Trading involves substantial risk and may not be suitable for all investors. Conduct your own research and consult with a financial advisor before making any investment decisions. OANDA:EURUSD TVC:DXY FX:USDJPY
Short
by Apexfx_Alpha
4
Trading MRI comprehensive trade analysis for BNZIBanzai International, Inc. ( NASDAQ:BNZI ) is a marketing technology company that provides essential marketing and sales solutions for businesses of all sizes. Recent acquisitions, financial restructuring, and a reverse stock split signal strategic shifts aimed at enhancing the company’s market position. However, its financial metrics reflect significant challenges, including negative operating, profit, and gross margins. Recent Stock Performance Closing Price (Dec 20, 2024): $1.71 (+5.56% from previous close of $1.62). Daily Trading Range: $1.63–$1.85. Volume: 4.07 million shares (below the 4.23 million average). Volatility: 5-day fluctuation: 16.33%. 30-day fluctuation: 11.04%. Moving Averages: +11.89% above 20-day SMA. -19.48% below 50-day SMA. -82.60% below 200-day SMA. 52-Week Range: -99.23% from 52-week high. +32.05% above 52-week low. Recent Company Developments Acquisitions: Vidello: Adds 6.5M in revenue and 2.3M in EBITDA (announced Dec 20, 2024). OpenReel: Enhances AI-powered marketing with enterprise video solutions (completed Dec 19, 2024). Debt Restructuring (Sept 2024): 5.6M liabilities written off; 19.2M restructured. Reverse Stock Split (Sept 19, 2024): 1-for-50 split to meet Nasdaq listing requirements. These developments indicate strategic efforts to stabilize operations and capture growth in the video marketing sector. Analysis Overview Daily Timeframe: Setup: Green Setup 3 progressing toward Green Setup 4. Trend: Bullish short-term, supported by price action above the 20-day SMA. Key Levels: Resistance at $1.85. Support at $1.60. Weekly Timeframe: Setup: Transition from Red Setup 8 to Green Setup 1. Trend: Strong reversal potential. Key Levels: Resistance at $1.80–$1.95. Support at $1.35. Monthly Timeframe: Setup: Red Setup progression from 2 to 4. Trend: Bearish continuation. Key Levels: Breakdown below $1.45 signals bearish dominance. Support at $1.30 and $1.20. snapshot Risk Assessment 1. Probabilities: Daily (Bullish): ~50.7% success rate. Weekly (Bullish Reversal): ~90% success rate. Monthly (Bearish Continuation): ~55.6% success rate. 2. Risk-Reward Ratios: Daily: 1:1.5 (moderate). Weekly: 1:2 (favorable). Monthly: 1:1.5 (moderate). 3. Trade Risks: Financial instability and operational losses may limit upside potential. Reverse stock split suggests efforts to manage compliance rather than growth. Trade Recommendations Daily Chart: Action: Long on confirmation of Green Setup 4. Entry: Above $1.75. Stop-Loss: Below $1.60. Targets: $1.85, $1.90. Weekly Chart: Action: Long on confirmation of Green Setup 2. Entry: Above $1.80. Stop-Loss: Below $1.35. Targets: $1.95, $2.00. Bold Prediction for Q1 2025 NASDAQ:BNZI Optimistic Scenario: If bullish reversals on daily and weekly charts are confirmed, supported by revenue growth from recent acquisitions: Target Price: $2.10–$2.20. Drivers: Growth in video marketing demand and operational cost savings from debt restructuring. Target Price: $2.10–$2.50 by Q2 2025. Pessimistic Scenario: If bearish continuation dominates, compounded by financial challenges: Target Price: $1.15–$1.25. Conclusion and Bold Prediction BNZI's stock performance in 2025 will hinge on the successful execution of its strategic initiatives and the market reception of its enhanced video marketing solutions. Optimistic Scenario: Integration of Vidello and OpenReel drives growth and operational efficiencies, potentially lifting the stock to $2.50 by mid-2025. Pessimistic Scenario: Continued financial losses and market volatility may push the stock to a low of $1.10 by mid-2025. Investors should monitor quarterly updates on revenue growth, profitability improvements, and operational synergies from recent acquisitions. This will provide crucial insights into the company's trajectory in 2025.
NASDAQ:BNZILong
by charts-tradingmri
1
S&P Hits All-Time Highs: Reversal Incoming?The S&P has hit an all-time high, breaking previous records. However, the chart suggests a potential reversal as it struggles to break the resistance at the 0.5 Fibonacci level ($6,019.68). Currently, the S&P is holding at the support level of $5,862.46. To maintain its bullish momentum, it must stay above this support. If it fails, the next support level is $5,772.72. A breakdown below these levels could trigger a broader market decline. This analysis is for educational purposes, and I hope the TradingView moderators respect that. My goal is to educate and build a strong community, providing transparent insights into the stock market. If you find this content valuable, please hit the like button. Feel free to ask any questions in the comments I'm happy to help. Thank you!
SP:SPX
by CryptocurrencyWatchGroup
HDFC - The Controversy UnleashedHere is the HDFC Chart published on July 22nd (inside my article) - "Nifty Analysis - The No-Nonsense "0" Indicator Strategy" Now - compare HDFC's price action on Sep 24th - Precisely following the defined Path in Blue and rising like a Phoenix from the bottom of 1600 levels and breaking the ATH created on Jul 2023 Now by next week - End of September, HDFC would have the a Final Dip to test 1757 levels and then blast beyond the ATH of 1795 lifting Nifty to New Heights and the Target of 26,430 In this entire analysis - we didn't use any Indicators and No "Ifs & Buts". The Top 10 heavy weight constituents of Nifty were decoded, the Nifty's Daily, Weekly, Monthly and Quarterly Charts were analyzed for both Candlestick Patterns and Chart Patterns with Targets. Once Targets were identified - and basis the status of each of the Top 10 heavy weights, the probable timeline required to reach the target was identified 1. From the Index's (Nifty) price action - the future of individual stocks were determined 2. From the Stock's price action - The Nifty's direction was determined Only when both matches - the prediction is accurate - just like how we do Division / Multiplication in Maths to re-confirm our arithmetic We don't depend on ANY NEWS or ANY Expert Opinion or ANY Technical Indicators to guide us. Because, these factors don't handle both Internal and External elements. Either they talk about a Sector but not a stock or they talk about the historical values of a Stock (example: RSI, MACD, EMA, DMA, Bollinger Bands uses historical values of stock). The Indicators become handicapped when it has to consider the outside elements and hence loses it accuracy and value. Learn to Stand on your Own 2 Legs... Ignore the Noise... Don't follow the Wise... Make your Own Spice...
NSE:HDFCBANKLong
by Stocks-n-Trends
BTC Daily Chart Bears Last Push Before Bulls Take Off!BTC is forming A Descending triangle on the daily, it's a huge bear formation. The Price Target of the triangle being so slow to the 200day MA gives me a lot of reason to believe we'll see at least 35k. Maybe in a few days after the MA Catches up to the price target On the weekly we had a golden cross on the 50/200 moving averages. So this being a final correction on the Daily is no surprise before things really get interesting
Short
by Tracking_Technicals
Nifty - Surgical Precision Target & CorrectionOn Weekly Chart - After the Cup and Handle BO - Nifty retested the BO zone and bounced forming a Rounding Bottom BO. The Target for RB is 21820. The Multi-year trendline resistance is likely to cross around 21900-22000. Given India Vix BO, Nifty might face sharp correction after testing 21820-21900 levels. Keep a tab on individual stocks and their support levels After reaching the Target of Rounding Bottom BO at 21,820 - Nifty faced with a Sharp Correction Precisely from the target level This is the speciality of Technical Analysis. Technical Analysis is NOT based on Hope / Expectation / Trust on Management / Company / not a Future Forward state. A Chart Pattern is formed by "Herd Consensus" - How Majority People Behave, How Big Players / Operators create a situation of Demand / Panic Selling manipulating the minds of Majority Retailers. Technical Analysis is simply a Scientific & Mathematical model of Human Behaviour and I see it as my Bhagavad Gita / Holy Bible / Quran. It already encompasses Hyped News messages from Media, Fraudulent attempts of some company management, Actions by Regulators, Company's product focus, future vision everything and is engraved in stone and hence cannot be changed. This is why and how Technical Analysis works successfully Disclaimer: Stocks-n-Trends is NOT a SEBI registered company. We do not provide Buy / Sell recommendations - rather we provide detailed analysis of how to review a chart, explain multi--timeframe views purely for Educational Purposes. We strongly suggest our followers to "Learn to Ride the Tide" and consult your Financial Advisors before taking any positions. If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments -Team Stocks-n-Trends
NSE:NIFTYShort
by Stocks-n-Trends
#Banknifty Trading Near Important Support ZoneOn Daily Timeframe, BANKNIFTY trading at important support zone. Time to wait for either breakdown or reversal for the Banknifty. Case 1: Consolidation Move - Banknifty can consolidate near this support level before the strong movement - Consolidation zone is nearly 500 points from 44000 to 44500 level Case 2: Breakdown Move - Confirmation for breakdown will be if Banknifty starts trading and sustain below 43500 level - Downside rally nearly 2500+ points expected in case of breakdown - Intermediate support expected near 42500 level - Short Trader can place there stop loss if banknifty starts trading above 44550 level Case 3: Long Side Move - Long side movement expected in case banknifty starts trading and sustain above 44550 level - Above this level banknifty can go upto the 46400-46500+ level. - Intermediate resistance expected near 45500 level - Long trader can place there stop loss if banknifty starts trading below 43500 level. To be continue. We will keep posting next update in comment section....
NSE:BANKNIFTY
by TradZoo
2
Learn the KEY PRINCIPLES of Technical Analysis In the today's article, we will discuss the absolute basics of trading - 3 key principles of technical analysis. 1️⃣History Repeats History tends to repeat itself in the Forex market. Certain trends are cyclical and may reemerge in a predictable manner, certain key levels are respected again and again over time. Take a look at the example: Silver perfectly respected a historical horizontal resistance in 2011 that was respected in 1980 already. Moreover, the price action before and after the tests of the underlined zone were absolutely identical. 2️⃣Priced In All relevant information about a currency pair: economical and political events, rumors, and facts; is already reflected in a price. When the FED increased the rate 26th of July by 25 bp, EURUSD bounced instead of falling. Before the rate hike, the market was going down on EXPECTATIONS of a rate hike. The release of the news was already price in. 3️⃣Pattern DO Work Some specific price models can be applied for predicting the future price movements. Technicians strongly believe that certain formations - being applied and interpreted properly, can give the edge on the market. Depending on the trading style, different categories of patterns exist: harmonic patterns, price action patterns, wave patterns, candlestick patterns... Above, I have listed various price action patterns that are applied by many traders and investors as the main tool for analyzing the financial markets. If you believe in these 3 principles , you are an inborn technician! Study technical analysis and learn to apply these principles to make money in trading. ❤️Please, support my work with like, thank you!❤️
FOREXCOM:XAUUSDEducation
by VasilyTrader
8
How To Find Trend Trading OpportunitiesTrend trading is a style of trading. It specifies what you are looking for when trading a specific market. Style Trend trading sets you on a path to looking for a clear and defined uptrend and downtrend. Anything outside of that realm is no longer considered trending. A clear uptrend defines price forming a path of repetitive high prices called higher highs (last highest price to buy an asset before price declined) and higher lows(last discounted price to buy an asset before the price increased). While a clear downtrend defines price forming a path of repetitive lower prices called lower highs (last highest to buy an asset before price declines to a new discounted price) and lower lows(last highest(cheapest) price to buy an asset before price increased.) If you desire to be a trend trader you want to see the market creating a clear and defined uptrend or downtrend to call it an opportunity. Ignore the drama The next best thing to do is to avoid assets that are not trending. I prefer to trade the forex market. So, if I see any currency pairs absent of a clear trend, I immediately move on to the next pair. It's better on my mind to wait for my opportunity than to create one out of thin air. The more pairs that are not trending the better. This way, I have a small group of currency pairs to watch and trade. Limit the small mindset I have no idea what trades will win or lose. When I'm in my right frame of mind I don't think about the opportunity not working instantly. Which is why I swing trade. I like to lose my money slowly vs. fast as a day trader. It helps me stay clear of telling myself I'm wrong on a daily basis. I found I focus better on the outcome of the trade when I remind myself the market will tell me that I'm wrong. This way, as every outcome plays out I can handle each winning trade and losing with little emotion as possible. Is this always easy to do? Nope! I'd dare not fool you. But it does make it easier to setup for the next series of trades when I only focus on my "trend trading" opportunities. Quick recap You'll do better to find trend trading opportunities by focusing solely on currency pairs that are trending and ignoring the ones that are not. Its wise to limit your mindset by believing you're wrong choosing to trend trade. Let the market tell you when your setup is wrong vs. you telling yourself you're wrong before the trade plays out. This allows you to focus on the outcome of the trade to being overly emotional. I really hope this helps and that you were able to find a gentle takeaway. If you enjoyed this read, please like the post and comment on what your takeaway was. Happy trading 🧡 Shaquan
Education
by ShaquanLopez
5
GJ - DAILY PROJECTION + ANALYSISFor me to enter i would need GJ to come down and hit the current fib and 158.500 or 157.500 to buy it up. At 164.500 I'll need to assess what price wants to do to there because it can drop from there or it can retrace temporarily and fake everyone into selling at that fib only to continue bullish and raid everyone's stop losses. (I would if I was a bank) This is probably my 1st choice of outcome as it just screams pure evil and hedge funds. Now as you can see - there are 2 bullish options and they both just depend on the depth of the retracement at the fib. Basically, it depends on how pissed off the banks are on a Monday morning (today). If they feel like running everyone out of the market, they will flood the market and cause that deep retracement at about 156.500 or 157.500 or lower and THEN continue bullish. Or they will only cause a shallow liquidity raid and let some of us live at roughly 162.500 or slightly lower and then continue bullish. Remember - whatever I say here is not verbatim. ANYTHING and everything can happen. I am always re assessing and readjusting my analysis's - as some of my projections will change mid-week and I'll then have a new projection depending on how price plays out and also depending on this week's news as there's a lot. (I don't trade news) I will say this again and again - you MUST adapt to the market. Just because your projection at the beginning of the week says one thing it doesn't mean you need to stick to it just to prove to everyone on trading view and on your Instagram that you are 'right'. You will end up losing all your money and end up deleting your insta and blocking everyone. During the week, if your analysis plays out differently to your Sunday projection so be it! Who cares if your wrong? Change it and adapt to the market conditions and be confident. That is the difference between professional and amateur traders. There is no shame in being wrong in your analysis. What's wrong is being stubborn and wanting to always be right just to prove a point. The market doesn't give a f*ck if you are right or wrong it will just eliminate you with everyone else. The traders who adapt and evolve with the market conditions are the ones that make it and thrive. The sooner you can do that, the sooner you will make money consistently. :)
by Pmilanoxx_
GJ - MONTHLY TIMEFRAME PROJECTION + ANALYSISPrice is now hovering in a Fib from the previous high on the Monthly TF. It has reacted to it and dipped but I'm not too sure how it is going to continue reacting for the time being. I only trade 1 or 2 pairs max at a time and GJ is one of them but i won't be entering until it breaks out indefinitely or shows me some kind of direction/bias. It can either respect market structure and continue to make a LH and continue bearish or it can remove all liquidity and continue bullish (Which makes more sense). It looks too pretty to be bearish - So I am favoring it to go bullish at some stage. Again - I'm not sure when but I have a couple areas that I'm waiting for it reach and give me confirmation at on the lower time frames (Haven't uploaded yet). And just like AJ It depends on the depth of the pullback and how much liquidity is sitting beneath price currently because its looking like the most cost-effective path for the banks to take price higher and remove all sellers. Disclaimer: This is how I personally draw my charts and it's the first time I have started posting them. So, if there's not many drawings or explanations it's because i don't write them all out or draw them all out for my own analysis. I like my charts to be quite clean so i put as little on them as possible. :)
Long
by Pmilanoxx_
#BTC/USDT 2HR CHART UPDATE !!Hello, community members welcome to another BTC/USDT chart update. If you find this update helpful, shoot the like button follow and share your views in the comment section. As we can see from the chart mentioned above that BTC is still trading inside a price range-bound. BTC was unable to break above the $20k resistance level and was trying hard to break above. BTC broke above the resistance level. In the current scenario, BTC broke above the triangle pattern and currently retesting the upper trend line. Here BTC will rally towards the upper resistance level at the price level of $21.7k Let’s see how BTC performs in the upcoming hours and will BTC is able to break the upcoming resistance level !! NOTE: This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments. DO YOUR RESEARCH BEFORE MAKING ANY TRADES. Thank you.
by Domino_Crypto
Copper - where are we from a technical perspective?Disclaimer: The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site.
COMEX:HG1!
by The_STA
BTC LONG TERM : IS IT READY TO PUMP ???Hello !! Welcome to the quick update of BTCUSDT. It was trading in the range of 37300 to 39800 for a long time. It is still in that channel and I can see a larger bear flag that was about to break but BTC managed to enter the channel again. I think we are still not bullish on BTC as it has a number of resistance that it needs to break before hitting 48000. The points we need to consider are if BTC breaks R1, R2, and R3 i.e. 40800, 42200, and 43400 respectively. If it manages to break these resistances, it will touch 48000 without any doubt. I think it's better we wait for the right moment to enter any trade. As of now, all altcoins are pumped around 5 % to 10 % and we may see some retests again. Please be safe with your positions and invest wisely. This is not financial advice, please do your own research before investing and we are not responsible for any of your losses or profits. Please like and share and comment on this idea if you liked it.
Long
by ScramblerG
CALM SELLUJ created a relative equal high after a break and retest of a H4 rising channel support. There was a target area for a liquidity grab above the relative equal high where price was expected to push to before dropping again. After that area was hit, a 50% fibonacci retracement was created on the M30 timeframe. The profit projection area from this 50% fibonacci retracement lines up with a H1 indecision level which is TP1. TP2 is H4 lower low which is also just above the D1 timeframe support. Feel free to comment and let me know what you think. Please like and follow for future analysis'.
Short
by Toppa
2
Bitcoin Price Manipulation Continues Hey all Gamblers Paradise here with another crucial update on the Bitcoin Price Action. Just wanted to remind you to please like and comment on this post if you have found use for it in your trading analysis and be sure to also Like & Follow my Trading View account to get these updates as soon as they come out! The SMART TRADERS are SMASHING the LIKE, REP and FOLLOW buttons on Trading View because you want these updates and insights into what in the hell is going on with Bitcoin and other Cryptocurrencies. Its always a Gamblers Paradise in trading and that is why staying informed and having a game plan with strategies for the price going in either direction We were unfortunately not able to hold the highs we broke as a support level after getting rejected off the 200 EMA daily after volume dropped off. We are still holding within our ascending triangle which is why this trade is not yet closed. Using the white trend line that we started at our bottom made @ $36k just before breaking the multi-structure resistance level, and then using the .55 Fib level which has been our resistance, you can see we have a clear ascending triangle formation. We also have another ascending triangle of a bit longer scale, if use the same resistance level of the .55 fib and then use the wick low white trend line that has been tested at our macro double bottom at 32k and then again at $34k you can see another ascending triangle. These are marked by in the corner for both ascending triangles with a Green 1 and a Green 2. In a bullish scenario this would be the first big key step to starting our second parabolic flag pole after our meteoric rise from $3800 to $64k. Our first price target would be to break our $45.5k wick tops and also the .55 fib ext at $46.5k which this move should bring us up to right about $48k-$50k which would also break our ascending triangle to the upside. Then as long as we are supported on top of the .55 fib level, its a move back up to the .618 which was already broken and also price action supported by the Daily 13EMA and 21EMA above the .618 level when we made our ATH of 69k. We should be seeing us stop short of the .618 and find support above the $58k and then $64k for some consolidation and then just blast straight through the .618 fib level, up to about $74k. Unfortunately we also do have 3 a bearish possibilities to look at as well. We do have 3 overlaying and extending symmetrical triangles. Symm. Trinagles are continuation patterns of either bullish or bearish moves depending on the previous move. Short Term Symmetrical Triangle: Red 1 A breakdown from our recent rejection off the daily 200 EMA has seen a drop of about 15.8% and this symmetrical triangle is marked with a Red 1. This drop would most likely happen within the next 2 weeks Mid-Term Symmetrical Triangle: Red 2 A breakdown using our first move from the bottom of 32k up to the high of 45k, which would be the text book extrapolation point to use, would make us look at another 25% drop which would bring us to test our lowest point in about 9 months and would test the $28.5k wick low from back in June 2021. In this extrapolation we also do have the chance for major fake outs, which would break below the $28.5k low and wick down to our 200EMA Weekly which at the break down point of the symmetrical triangle would be around $26.5k to $27.5k. Longer Term Symmetrical Triangle: Red 3 Or Is this Symm. Trinagle the bearish SCREW YOU pattern that market makers are going to pull? If so we would be extrapolating a 2nd flag pole down of about 44%. This would be measuring from our falling wedge breakdown top of $58k down to our $32k bottom which also broke our Weekly time frame 13EMA and 21EMA and would most likely be taken out the longest symmetrical triangle we have marked by a Red 3. This drop in price would measure out to drop us below our Weekly 200EMA. Which has only happened twice in Bitcoin history - the $3100 bottom in 2018 and then the Covid Crash of 2020.. Bot of which the price action was still within a bear market. The Weekly 200EMA started is path at the bottom of the bear market in 2015, which supported both bottoms never closing candles below it. So we have twice where it held with no candle closes below and twice where candles closed below this Weekly 200EMA. Given the pattern of 2/2 and the laws of 3 pattern we should see another two Weekly 200EMA holds with no candles to close below it. But this extrapolation would have us breaking below the Weekly 200EMA and move down to the our .382 FIb Ext. level. Which for bitcoin is the routine habitual move in a fib ext. after being rejected from the .618 fib level. In all cases there is merit for the price action move. This is a a time of waiting if you do not have a position in the market right now and waiting for confirmations to start happening. Right now with my current position still being in from $36.7k. I have a staggered stop profit limits setup. And if I am stopped out also a buy back setup. If the drop starts as of the beginning of this week most likely starting tomorrow when the markets open back up with a rejection from the daily 13EMA or 21EMA then my stop profit + Buy Back Limits & new stop loss setup looks like this: Starting Monday, if the drop happens in about a week, which would be a rejection toward the end of Red 1 by either the daily 55EMA or 100EMA , then my stop profit limits + Buy Back limits & new stop loss setups looks like this:
BITSTAMP:BTCUSD
by Gamblers_Paradise
3
EUR/USD: FED with chance of policy monetary tightening For tomorrow, we have 2 important news in U.S. Dollar about Consumer Price Index and Initial Jobless Claims in USA. But, I interesting that you read these sentence: >>>key inflation data which could confirm the start of the Federal Reserve’s policy tightening process. >>> Investors have been revising their forecasts for ECB rate hikes after the bank caught them off guard last week, with President Christine Lagarde flagging for the first time that monetary tightening was a possibility this year. >>>The Consumer Price Index print may offer new indications about the pace of the Federal Reserve's monetary tightening, and investors are bracing for higher-than expected numbers that would signal more aggressive rate hikes. So, we have a similar situation in the past week that the European Central Bank President and Mrs. Christine Lagarde made an awesome Euro rally in the Forex market when the past week Lagarde announce it. So, Federal Reserve want to make a tighening in their policy monetary in America as inflation data may to confirm it to begin it the aggresive rates hikes. So, this it's just my sight in this market. I look Euro bearish in front of U.S. Dollar Now, I add this screenshot in H1 timeframe where I look that Euro/U.S. Dollar forming this bearish channel flag in H1 as investor await for tomorrow the important news in U.S. Dollar. There're some sentiment in the market that investor it's put in eyes in the possible tightening in the USA economy for here and the next months. But, You can to look in H4 good that we could to make a bearish signal or sell-off in Euro. So guys, the details of my trading are here. I entry around of $1.1426 USD and my SL at $1.1460 USD (-34 pips) and my Target to $1.1318 USD (+110 pips)
Short
by harisonhbn9718