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USDJPY Under More PressureHi Traders! USDJPY is under more pressure as we head into the final trading days of the year. Here are the details: The price action here on the 4H chart is extremely bearish. The 20 EMA has been broken, the market swings are getting lower and lower without any bullish pullbacks suggests that there are hardly any bulls in the market at this current time. We anticipate that the market will soon break below the 140 psychological level. Preferred Direction: Sell Technical Indicators: 20 EMA Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Short
by BluetonaFX
YNDX Stock: Unveiling Bullish Secrets Amidst Restructuring DelayProfessional Technical Analysis for YNDX Stock : Navigating Bullish Momentum Amidst Restructuring News Introduction: The recent restructuring announcement by Yandex, the tech giant, has triggered speculation and rumors, introducing an intriguing dynamic to the YNDX stock landscape. This professional technical analysis aims to decipher the implications of the delayed restructuring deal and assess the emerging bullish momentum. Market News and Restructuring Delay: The article on Investing.com ( www.investing.com ) provides insights into the anticipated delay of Yandex's restructuring deal until early 2024. This development has sparked market speculation and fueled rumors, adding an element of uncertainty to YNDX stock. Technical Analysis - Bullish Momentum: Post the restructuring delay announcement on the 25th, a surge of bullish momentum has been detected on the weekly timeframe for YNDX stock. A breakout candle has emerged, signaling a potential continuation of an ascending triangle pattern towards the 3110.6 mark. This pattern suggests a positive outlook, and traders are advised to monitor the developments closely. Key Price Levels to Watch: Take Profit at $2497.0 : The initial target for profit-taking aligns with the ascending triangle's breakout, presenting an opportunity for traders to capitalize on the bullish momentum. Take Profit at $2613.8 : As the momentum builds, the second profit-taking level serves as a strategic point to secure gains, anticipating further upward movement in YNDX stock. Take Profit at $2733.4 : The third and final profit-taking level represents a calculated exit point, considering the evolving market dynamics and the ascending triangle pattern's potential continuation. Conclusion: In conclusion, the delay in Yandex's restructuring deal has introduced an element of uncertainty, sparking rumors and speculation in the market. The subsequent surge in bullish momentum, particularly evident on the weekly timeframe, paints a positive picture for YNDX stock. Traders are advised to exercise caution and closely monitor the ascending triangle pattern's development, with the identified profit-taking levels serving as strategic guides in navigating this dynamic market landscape.
RUS:YDEXLong
by wikitrades
3
GOLD ROUTE MAP & TRADING PLAN - UPDATEHey Everyone, A piptastic day on the charts for us with our chart idea playing out as analysed hitting our bullish targets confirmed with the break of the weighted levels, allowing plenty of time to get in for the setups. 2012 lock opened 2022 and 2034 and then 2034 lock opened 2045, which were all hit perfectly!!!! We are now seeing a rejection at 2045 weighted level and will need ema5 to lock above 2045 to confirm and open the range above or we will see a retest back to weighted support levels below.. As stated throughout, our updated levels and weighted levels will allow us to track the movement down and then catch the bounces up. We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we share every week for the past 18 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGETS 2012 - DONE EMA5 CROSS AND LOCK ABOVE 2012 WILL OPEN THE FOLLOWING BULLISH TARGET 2022 - DONE 2034 - DONE' 2045 - DONE BEARISH TARGETS 1990 - DONE EMA5 CROSS AND LOCK BELOW 1990 WILL OPEN THE SWING RANGE 1978 - DONE SWING RANGE - 1978 -1965 1978 - DONE As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
6
AUDNZD SELL | Day Trading AnalysisHello Traders, here is the full analysis. Watch strong action at the current levels for SELL. GOOD LUCK! Great SELL opportunity AUDNZD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
Short
by TheGrove
18
NZDCAD BUY | Day Trading Analysis With Volume ProfileHello Traders, here is the full analysis. Watch strong action at the current levels for BUY. GOOD LUCK! Great BUY opportunity NZDCAD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
Long
by TheGrove
20
Bitcoin analysis in the next hoursIn the next few hours, the market is in a phase of uncertainty that could lead to a period of ranging, which is when prices fluctuate within a specific range without following a clear trend. This scenario is quite common on weekend days, when trading volumes tend to be lower due to the closure of many financial institutions. However, it is important to note that during these periods, the market may react unpredictably, especially if "whales", i.e. large investors or traders, decide to take action. There is an expectation that significant movements could occur on Sunday, just before the markets open. But as traders, we must remain cautious and wait for clear signals before making decisions. One of these signals could be the breaking of an upper resistance. If prices manage to overcome this level, it could be an indicator to consider long positions, i.e. aim for prices to rise. On the other hand, if we see a high volume move down towards the previous lows, we may start to consider bringing attention to possible short position openings. However, it is important to emphasize that we should be patient and wait for further confirmation before taking action. A key element to consider is the New York markets opening on Mondays. Often, this trading session can lead to significant movements in prices and volumes. The direction in which the weekly candle closes could have a significant impact on trading decisions and the overall direction of the market.
EIGHTCAP:BTCUSD
by AleSaira
The Dance of Support and Resistance in Forex and Gold 💃🏦✨ Support and resistance levels are like the heartbeat of the forex and gold markets, constantly pulsating with potential trading opportunities. But what happens when these vital levels flip roles? In this comprehensive guide, we'll explore the intriguing phenomenon of how support can morph into resistance and vice versa. Through real-world examples, you'll discover the dynamic interplay of these key levels and how they can shape your trading decisions. Understanding the Flip: Support Becomes Resistance and Vice Versa Support and resistance levels are fundamental to technical analysis, often seen as static lines on a chart. However, the market's fluidity means that these levels can switch roles over time. Let's delve into why and how this flip occurs: 1. Support Becomes Resistance When a former support level switches to become resistance, it's often due to a change in market sentiment. Traders who previously bought at that support level may now turn into sellers, creating resistance. 2. Resistance Becomes Support Conversely, resistance levels can transform into support zones when market dynamics change. Traders who previously sold at resistance may now view it as a buying opportunity, creating support. 3. Psychological Factors Psychological factors play a substantial role in this support/resistance dance. Traders' perceptions of key levels can influence their behavior. Breakouts above resistance or below support can trigger a herd mentality, leading to a swift role reversal. Understanding the fluid nature of support and resistance levels is a valuable tool for forex and gold traders. These key levels don't remain static; they evolve with changing market sentiment and events. By recognizing how support can become resistance and vice versa, traders can adapt their strategies and make more informed decisions. This dynamic interplay adds an exciting dimension to technical analysis and can be a significant asset in your trading journey. So, join the dance of support and resistance, and let it guide your path to trading success. 💃🏦✨ Please, like this post and subscribe to our tradingview page!👍
COINBASE:BTCUSDEducation
by EliteTradingSignals
4
BITCOIN IMPORTANT LEVELS FOR BULLS The zones that attract the bulls also call me. As we got a strong breakthrough towards 25k$, that zone is not so interesting anymore. For a successful trade, several things must coincide. 50 WMA, Weekly level, Fibonacci 0.5 level (from 21.Nov.2022.), VAH last range (16.jan-09.Mar.), little bit below monthly strong level at 23200$, Point control from last range 23k$. Second try VAL last range, weekly level,Fibonacci 0.618, VAH range(20 jun. - 31.Oct). Everything below it, DCA is safe because you don't know which support will last. Demand zone 19k$-20k$. Tell me your opinion about this.
Long
by learnfromfailure
GoldViewFX - END OF WEEK UPDATEHey Everyone, We competed our targets on the 1H chart and navigated the movement down, buying dips from strategic levels, like our swing range to catch the perfect bounces. We now close off the week with our 4H chart update. We can see price broke out of the channel and tested the retracement range we highlighted on the chart last Sunday. We stated a cross and lock below 1927 Goldturn inline with the retracement range will open the swing range at 1911. We then had the cross and lock confirmation below 1927 confirming 1911 swing range. This was hit perfectly allowing us to catch the bounce, as the swing range on the 4h gave the perfect bounce to the next Goldturn at 1917. Both our 1H chart and 4H chart ideas were perfectly mapped out to track and trade level to level with pre-confirmation setups, allowing plenty of time to get in or get out. As always, have a great weekend with families and friends and we will come back Sunday with our multi timeframe analysis and updated targets for the coming week. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
6
BluetonaFX - EURUSD Potential Trendline Break OpportunityHi Traders! We have a potential trendline break opportunity on the EURUSD 1H chart. The price action is indicating a bearish move due to the lower highs and lower lows. The market is also below our 20-day EMA. The confirmation for entry will be a trendline break and a close below the trendline to target 1.09746. If we get this, we must stay below our 20 EMA; if we break above the 20 EMA, then the bearish bias may change. Please do not forget to like, comment, and follow, as your support greatly helps. Thank you for your support. BluetonaFX
by BluetonaFX
4
GoldViewFX - Gearing up for a breakout!Hey Everyone, Another great day of trading for us catching the bounce up form 1956 Goldturn to 1962 Goldturn for a clean catch. As stated yesterday we will see gaps form both ways due to the volatility expected this week and FOMC gear up. We have 1973 Gap and now also 1949 Retracement range, although we had a close retracement challenge already before another nice push up, working perfectly inline with our plans to buy dips. We will continue with our plans to buy dips and track the movement level to level, as our long term projection still remains Bullish. However, we have a high volatility week on the forex calendar and FOMC, so expect swings and gaps both ways. STAY SAFE! BULLISH TARGETS 1962 - DONE EMA5 CROSS AND LOCK ABOVE 1962 WILL OPEN THE FOLLOWING BULLISH TARGETS 1973 1979 AND POTENTIALLY 1983 BEARISH TARGETS 1956 - DONE EMA5 CROSS AND LOCK BELOW 1956 WILL OPEN THE RETRACEMENT RANGE EMA5 CROSS AND LOCK BELOW 1944 WILL OPEN THE SWING RANGE SWING RANGE 1923 - 1916 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
8
📉🌊 Potential Falling Wedge Pattern Formation on $WAVES ChartBINANCE:WAVESUSDT $FallingWedge $PatternFormation $TradingView Greetings, fellow traders! 👋 I'd like to share an intriguing chart pattern I've identified on the BINANCE:WAVESUSDT chart. It appears that a potential falling wedge pattern is forming, suggesting a possible bullish reversal in the near future. Let's delve into the details! 1️⃣ Falling Wedge Formation: The BINANCE:WAVESUSDT chart displays a sequence of lower highs and lower lows, converging within two trend lines. This pattern closely resembles a falling wedge, characterized by a contracting range. Falling wedges often signify a bullish reversal. 2️⃣ Volume Analysis: Volume analysis is crucial for pattern confirmation. Ideally, we would expect to see diminishing volume as the wedge develops, followed by a surge in volume upon breakout. This could indicate increased buying interest that may potentially propel the price higher. 3️⃣ Resistance and Support Levels: It is essential to monitor the upper resistance trend line and lower support trend line. A breakout above the resistance line, accompanied by notable volume, might suggest a bullish breakout. Conversely, a breakdown below the support line could invalidate the pattern. 4️⃣ Price Target and Stop Loss: Should the falling wedge pattern confirm, a common technique to estimate the potential target is to measure the widest part of the wedge and project it from the breakout point. Regarding stop loss placement, it is often advisable to position it below the support line to mitigate potential losses. Nevertheless, it is important to remember that technical patterns should be used in conjunction with other forms of analysis, such as fundamental research and market sentiment, to make well-informed trading decisions. To summarize, the BINANCE:WAVESUSDT chart is currently exhibiting a potential falling wedge pattern, indicating a possible bullish reversal on the horizon. Nonetheless, confirmation through a breakout above the upper resistance trend line and a surge in volume is essential. Traders are advised to exercise caution and implement appropriate risk management strategies. What are your thoughts on this pattern? Share your insights below! Remember to conduct your own analysis and consult with financial professionals before making any investment decisions. #WAVES #FallingWedge #PatternFormation #BullishReversal #TradingAnalysis #TechnicalAnalysis #Cryptocurrency #TradingView
CRYPTO:WAVESUSDLong
by STP_MrNodeItAll