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ABB India Ltd - Potential Breakout Targeting ₹9,130This analysis focuses on ABB India Ltd , where the stock is exhibiting a potential breakout from its recent consolidation phase, suggesting an upward move toward ₹9,130, which is 9.39% higher from the current level. The chart includes Fibonacci retracement levels, key trendlines, and technical indicators. Key Highlights: Current Price : ₹8,510.30 Fibonacci Retracement: 61.8% retracement level around ₹8,835 has been broken, which is a bullish sign. Price is expected to reach the 100% retracement level at ₹9,130.75, indicating further upside potential. Trendline Breakout : The stock has broken out of a descending triangle, confirming a breakout, which is supported by increasing volume and momentum. Technical Indicators: RSI: Shows a gradual rise, indicating growing bullish momentum. Moving Averages: The stock is well above its 50-day and 200-day moving averages, reinforcing the bullish trend. Key Levels to Watch: Resistance: ₹9,130.75 (100% Fibonacci retracement). Support : ₹8,084 (50% Fibonacci retracement). Conclusion: With the breakout above the descending triangle and the stock holding above key Fibonacci levels, ABB India Ltd appears set for an upside move toward ₹9,130 . Traders should watch for sustained volume and monitor support levels in case of pullbacks.
NSE:ABBLong
by AngshumanSaikia
COIN short to $150?!While we wait to see this larger triangle (in white) play out, I see an interesting potential short on Coinbase. It looks to me that despite an arguable crypto bull market, Coinbase might need to retrace and set some new bullish technical structure -- perhaps an inverse head and shoulders, or bull flag -- before moving up later this year. Momentum indicators also suggest a bearish turn is on the horizon. I've marked my TP zone in cyan and plan to take some off the table almost immediately if we get an impulsive move down. Important caveat: I recognize that we've been trading in a parallel channel (yellow) for about 150 days, which might imply a bounce. In the medium term, I also think NASDAQ:COIN is likely to break this white triangle bullishly, rallying with a broader move up in the crypto markets.
NASDAQ:COINShort
by dawsonMoonshot
1
EURUSD TRADE IDEA 30/11/2023In this video, I the possibility for a continuation upwards on eurusd. I also talked about the things I will like to see the market do before I will be looking for entry positions for a long trade. I also talked about the possibility for the price to continue downwards since it's coming off a weekly 61.8 fib level. I talked about what I will expect the market to do before I conclude that the direction of the price has change from an uptrend to a downtrend. I'm sure you will enjoy this video so please give me a boost and also follow me.
by Francisbluepipsfx
EURUSD ANALYSIS UPDATE 21/NOV/2023Now, it's obvious that the ascending channel resistance I talked about on the 4h timeframe this morning seems to be holding. You can see how the price is rejecting the resistance and has closed lower than the 1.09500 level. Also, a counter trendline I drew has been broken to the downside which acts as added confluence for a possible continuation downwards. This means there's a very high chance that the price will retest that level as resistance and continue downwards.
by Francisbluepipsfx
EURUSD ANAYLYSIS 16/11/2023I'm sorry I'm unable to make a video today. I'm currently down with ear pain, catarrh, cough and sore throat, and they're killing my voice. For today, I'm not expecting much. The price appears to be rejecting the weekly 50% fib level I have been talking about. This means there's a possibility for a move downwards today too. On the 4h timeframe, the price looks like it's respecting the ascending channel I added to the chart in yesterday's video. This is in alignment with the weekly fib level rejection. It also supports a move lower. From the 1h timeframe, We can see that the price is already creating lower lows and lower highs which signifies a down trend. This simply means all the relevant timeframes are in alignment for a move downwards, so I'll be looking for shorting opportunities on this pair today. However, we already know that it's not wise to just take a trade from anywhere so the big question is what level will I be looking out for. I will be looking out for the 1.08500 level. That is the nearest psychological level to the price and it is currently trading below that level. What I will be doing now is just to wait for the price to get to the 1.08500 level. When it gets there, I will expect to see the price show me an entry reason to this pair. If the price does that, I'll take a short trade. But if the price just breaks higher and keeps moving, then there's no trading opportunity. Always apply proper risk management when trading.
by Francisbluepipsfx
NIO Buy SetupNYSE:NIO Signal Entry - $10 Target - $27 Invalidation - $2 Risk to reward ratio - 2.13 Technical confirmations Gap between $9 and $11 where unfilled orders have to filled. Price once rejected $10 level and then broke it. We think that $10 level could act as a potential support. We have a 0.886 Fib retracement level at $9 Fundamental confirmations Why should price reach Entry level? Because of the lockdown in Shanghai businesses are getting logistics problems. COVID-19 lockdown and China political situation with Russia influence foreign investors to sell their stocks. NYSE:NIO is in the list of Chinese YTD share performance sectors that are vulnerable to COVID lockdowns Why should price reach Target level? Debt to equity ratio: <1 (Stable company) Has a stable cashflow According to Nasdaq, CNBC long-term price goal - $33
NYSE:NIOLong
by JVS_Signals
5
SLPUSDT Long ScenarioYesterday SLP broke out of descending channel also breaking the triangle. We have the first impulse upwards and it makes sense now to wait for a correction and enter the market before the second impulse. I would expect a bounce between 0.618 and 0.786 Fib zones. Also in that area market would retest the descending channel and triangle. Market made a liquidity zone forming equal highs so that would be my target. I would put invalidation level below the "e" of triangle. What do you think about this one? :)
Long
by Edwin_J7
2
XAUUSD Price Action Breakdown 2/10/22Gold is currently range leading up to the CPI news at 8:30. Not sure how this news will affect price but it looks like the bears are ready to take control. We will see what happens at market open. 1. Price broke from consolidation 2. Price formed a new high 3. Resistance has formed here, and price rejected 4. Support has begun to form at the level price recently broke out from 5. If price begins to break the lows, it can possibly retest 1826.30 6. If price gains momentum from CPI news and breaks resistance it can continue to 1842.25
OANDA:XAUUSDLong
by dreadhead4_life
5
EUR/USD Daily Outlook - Dec 13EUR/USD Full Analysis With markets focused on the upcoming FOMC meeting on Wednesday, the EURUSD is an important pair to follow this week. Rising inflation in the US could lead to a faster pace of tapering by the Fed. With the rising divergence between the Fed and ECB (ECB policymakers are possibly considering a temporary increase in APP), the pair has potential for further downside, towards the 1.10 level. New virus-related restrictions in Germany and the rest of Europe (and the high threshold of imposing restrictions in the US) also supports a bearish view on the pair. FUNDAMENTALS: Latest Headlines: USD: 1. US 10-Year Treasury yields to extend the bounce above 1.60% – SocGen 2. US CPI Preview: Forecasts from nine major banks, more acceleration? 3. US inflation expectations rebound from two-month low 4. US Dollar Index Price Analysis: Monday’s Doji teases DXY bears above 96.00 5. US Dollar Index Price Analysis: Bulls step back from 200-HMA above 96.00 EUR: 1. EUR/USD to dive below 1.10 on contrasting monetary policy path with the US – ANZ 2. EUR/USD: Bears target for a sustained run below 1.1300 – OCBC 3. Germany Wholesale Price Index (YoY) up to 16.6% in November from previous 15.2% 4. Germany Wholesale Price Index (MoM) dipped from previous 1.6% to 1.3% in November 5. EUR/USD: A tad lower to 1.1300 as yields underpin USD rebound Leading Indicators: Upcoming Market Reports: Here are the most important market reports for EUR/USD to follow in the coming days (all times are UTC timezone): Tuesday at 13:30: USD PPI m/m (Expected: 0.5% , Previous: 0.6% ) Tuesday at 13:30: USD Core PPI m/m (Expected: 0.4% , Previous: 0.4% ) Wednesday at 13:30: USD Retail Sales m/m (Expected: 0.8% , Previous: 1.7% ) Wednesday at 13:30: USD Core Retail Sales m/m (Expected: 0.9% , Previous: 1.7% ) Wednesday at 13:30: USD Empire State Manufacturing Index (Expected: 25.4 , Previous: 30.9 ) Wednesday at 19:00: USD FOMC Statement (Expected: , Previous: ) Wednesday at 19:00: USD FOMC Economic Projections (Expected: , Previous: ) Wednesday at 19:00: USD Federal Funds Rate (Expected: &lt;0.25% , Previous: &lt;0.25% ) Wednesday at 19:30: USD FOMC Press Conference (Expected: , Previous: ) Thursday at 08:15: EUR French Flash Services PMI (Expected: 55.9 , Previous: 58.2 ) Thursday at 08:30: EUR German Flash Manufacturing PMI (Expected: 57.0 , Previous: 57.6 ) Thursday at 08:30: EUR German Flash Services PMI (Expected: 50.9 , Previous: 53.4 ) Thursday at 09:00: EUR Flash Manufacturing PMI (Expected: 57.8 , Previous: 58.6 ) Thursday at 09:00: EUR Flash Services PMI (Expected: 54.2 , Previous: 56.6 ) Thursday at 12:45: EUR Main Refinancing Rate (Expected: 0.00% , Previous: 0.00% ) Thursday at 12:45: EUR Monetary Policy Statement (Expected: , Previous: ) Thursday at 13:30: USD Unemployment Claims (Expected: 196K , Previous: 184K ) Thursday at 13:30: USD Philly Fed Manufacturing Index (Expected: 29.1 , Previous: 39.0 ) Thursday at 13:30: EUR ECB Press Conference (Expected: , Previous: ) Thursday at 14:15: USD Industrial Production m/m (Expected: 0.8% , Previous: 1.6% ) Thursday at 14:45: USD Flash Manufacturing PMI (Expected: 58.3 , Previous: 59.1 ) INTERMARKET: US-German 2-year yields are in-line with the price. SENTIMENT: Positive with most global stock indices in the green. Possibly bullish for EUR, but the monetary policy divergence is in market focus right now. Currency Strength Index: Since London open, GBP and USD are the strongest currencies so far. AUD and CHF are the weakest. TECHNICALS The EUR/USD pair is trading in a daily triangle since early December with a possible downside breakout in sight. The 61.8% Fib level is respected on the hourly. Strong bearish momentum today (on rising tick volume) likely to continue ahead of FOMC. Levels to follow (Liquidity): 1.1230-50 - Trendline and horizontal support 1.1200 - Multi-week and round-number support == SUMMARY == Bearish Please hit the 'LIKE' button if you find this post useful. Also, don't forget to follow to get more trade ideas like this. Thanks!
Short
by MujkanovicFX
#ONT/BTC blast off time?!We the have ONT/BTC 4hour chart: ONT is in a bullish channel with very healthy price action. Notice how we've been having double bottoms followed by a rise to the top of channel. This has happened repeatedly. In addition, taking a look at the RSI - We see that every time we had are first bottom of the series of double bottoms, the RSI was at its lowest point (circled in blue) Ont/Btc is revving its engine to the up! Let me know what you all think #ont #btc
Long
by Christianv23