EURGBP Swing Entry OpportunityEURGBP is not the most trending currency pair, but I do believe are some momentum plays. They're slow to form, like taking all of last week, but the trend change does spell some opportunities.
There are two key points that signalled the reversal and hold.
Price broke above a consolidation that I marked for a reversal change signal.
Shortly after the neckline breakout, price formed another consolidation. Two weeks ago, price broke above that consolidation and halted shortly after the breakout.
For the week ahead, I'm watching to see if momentum picks up. If I do see stronger bullish candles, this will be good consideration to scale into a long position.
Trend
Potential Reversal Play on NZDJPYObserved a reversal and channel break on NZDJPY. It's a bit too early to tell at the moment given that I haven't seen anything structural over on the weekly timeframe. But, getting in early does help ensure a high R:R if this trend holds.
Over the past two months, I've marked four points of interest:
Price breaches previous high formed around mid-June of this year.
After a quick pullback, price re-tests the high but fails to sustain.
This is where we see the neckline breach as price closes below a prior support level.
A range was formed mid-October and Friday's close was a good indication that I should be keeping a close eye on this pair for further downside action next week.
ANTUSDT 130% Price Surge IncomingANTUSDT Analysis: Bulls in Control
Ant Finance (ANT) has recently exhibited a significant shift in its price dynamics, pointing towards a potentially lucrative trading opportunity. This analysis will delve into the key factors fueling this bullish sentiment.
1. Supply Zone Turns to Demand Zone
Over the past month, the notable transformation of a crucial supply zone into a consistent demand area has caught the attention of many traders. This shift demonstrates the significance of this price region, indicating a robust source of buying interest.
2. Formation of Higher Highs
A key validation of the bullish sentiment is the continuous formation of higher highs. This pattern suggests that buyers are gaining the upper hand, with each high surpassing the previous one. This dynamic is a critical signal of an emerging uptrend.
3. Acceleration of the Uptrend
The ongoing price action implies a potential acceleration of the current uptrend. As a key target, we're eyeing a significant Fibonacci resistance level at $9.23. If this level is reached, it could yield substantial gains of up to 130% for traders and investors.
4. Bullish Outlook for ANT
In sum, the prospects for ANT are exceptionally bright. Both the ANTUSDT and ANTBTC pairs exhibit a distinctly bullish trajectory, presenting opportunities for traders and investors to benefit from this favorable market setup.
Keep an eye on the evolving price dynamics, as this could be the start of an exciting rally in the ANT market.
Remember, this analysis is not financial advice, but rather an overview of the current market conditions. Always conduct thorough research and consider your risk tolerance before making any trading decisions. Happy trading!
AUDNZD - Trading The Wedge 🌙Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
AUDNZD has been overall bearish trading inside the falling wedge pattern in blue, and it is currently approaching around the bound of the wedge.
Moreover, the zone 1.0925 is a strong resistance.
🏹 So the highlighted blue circle is a strong area to look for sell setups as it is the intersection of the green resistance and upper blue trendline acting as a non-horizontal resistance.
As per my trading style:
As AUDNZD approaches the blue circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
NIFTY Market CAP trend forecast until JULY 2024 Current bear market will continue until the end of February 2024.
During 2023 possible growth of NIFTY will occur starting mid of November until December in the range between 9327-9650. In December NIFTY will start falling from the area of 9650 down to 8800 (possible extreme bottom of 8653) in the beginning of January 2024. January-February 2024 is the perfect time to buy NIFTY Stocks.
End of February 2024 will mark major bullrun in NIFTY until the end of July 2024 in the range of 9327-10609.
Possible sideways-upside movement might occur between May and July 2024.
Reversal Bearish Flag pattern in GNFCGujarat Narmada Valley Fertilizers & Chemicals Limited
Key highlights: 💡⚡
📈 On 1week Time Frame Stock Showing Reversal of Bearish Flag Pattern.
📈 It can give movement upto the Reversal Final target of Below 562-.
📈 There have chances of breakdown of Resistance level too.
📈 After breakdown of Resistance level this stock can gives strong downside rally upto below 142-.
📈 Can Go short in this stock by placing a stop loss Above 738+.
Profit Potential Alert: Shorting HPE at Supply Zone!HPE is revisiting the supply zone, marking an excellent selling opportunity. We're seizing this chance to go short at the current price.
Our outlook suggests a significant price decline, with focus on two support levels: one around the double Fibonacci near $14.2 and the other at the key demand zone around $13.8. This aligns with the downtrend trendline, expected to serve as additional support.
All details, including stop loss, take profit levels, and real-time updates on trade exit are shared in our channel.
INJUSDT Formed a Firm Uptrend, Promising Upside Potential!INJUSDT is on a solid uptrend, with the price consistently respecting the average-price uptrend trendline. Notably, a recent breakthrough above the downtrend trendline indicates a probable continuation of INJ's growth. Today might just mark the launch of the next upward surge. 🚀
NZDJPY - Following The Trend ↗️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
on Daily: Left Chart
NZDJPY has been overall bullish trading inside that big wedge pattern; and it is currently retesting the lower bound / orange trendline.
on H1: Right Chart
For the bulls to take over, and activate our buy setup, we need a break above the last high in gray.
Meanwhile, NZDJPY would be bearish and can still trade lower, especially if the 87.0 daily low is broken downward.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Double Bottom Pattern Reversal in ZYDUSLIFEZYDUS LIFESCIENCES LTD
Key highlights: 💡⚡
📊On 4 hour Time Frame Stock Showing Reversal of Double Bottom Pattern.
📊 It can give movement upto the Reversal target of Above 622+.
📊There have chances of Breakout of Resistance level too.
📊 After Breakout of Resistance level this stock can gives strong upside rally upto above 657+.
📊 Can Go long in this stock by placing stop loss below 571- or last swing Low.
Head & Shoulder breakdown in JSWSTEELJSW STEEL LTD
Key highlights: 💡⚡
✅On 1Hour Time Frame Stock Showing Breakdown of Head & Shoulder Pattern .
✅ Strong bearish Candlestick Form on this timeframe.
✅It can give movement up to the Breakdown target of 751-.
✅Can Go short in this stock by placing a stop loss above 781+.
A potential turning for USD?Things have not turn out to be bearish yet, but a potential h&s could be in play if 105.50 zone is to give way. Watch for it!
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Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared.
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BTC 2020 HALVING FRACTALThis chart uses different tools to study how Bitcoin's price moves. It looks at trend lines, Fibonacci levels, and a fractal from the 2020 Bitcoin event.
Elements:
Fractal Pattern (Yellow Ghost Bars):
Prominently featured are the yellow ghost bars, which represent a fractal pattern derived from the 2020 Bitcoin halving. This pattern serves as a crucial focal point for understanding potential recurring market behaviors.
Fibonacci Tools:
Fibonacci retracement levels have been applied to pinpoint significant price levels and potential reversal points. These levels are instrumental in gauging market sentiment and identifying key support and resistance areas.
Trend Channels:
The chart employs distinct color-coded channels to visualize bullish and bearish trends.
Green Channels: Highlighted to visually represent bullish trends, these segments offer insights into periods of upward momentum and potential buying opportunities.
Red Channels: Clearly demarcated to visualize bearish trends, these sections indicate periods of downward pressure and may signal caution to traders.
Interpretation:
The fractal pattern derived from the 2020 halving event offers a historical reference point for potential market behavior. Additionally, the Fibonacci retracement levels serve as critical guideposts for understanding possible price reversals and crucial support/resistance levels.
Implications:
The presence of the fractal pattern suggests the potential for similar market dynamics to emerge, while the Fibonacci levels serve as valuable reference points for making informed trading decisions. The color-coded trend channels offer a visually intuitive means of distinguishing between bullish and bearish phases, aiding in the identification of opportune entry and exit points.
Conclusion:
By using historical patterns, Fibonacci levels, and clear trend lines, traders can make more informed decisions.
Eur/Usd Hello traders!
My opinion is that the pair is in the channel scheme. The price has reached the zone of consolidation, which means it has brought a confirmation for sell at the level (1.0440). Key level (1.0440)! If the bears keep the move, we have a possible scenario and a test of the level (1.02870), but if the bulls reverse the move, we can have a retest of the level (1.05555). Be careful with the positions! War is unpredictable!
Wait to enter the trade! Be careful!
Don`t forget to look at the economic calendar!
MAKE MONEY AND ENJOY LIFE 💰
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GOOD LUCK!
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XAUUSD OAK Spider Trend Two Weeks After: A Gold's ProphecyXAUUSD Gold . The price liked some of the forecast analysis lines we published two weeks ago, nooding at and toching these slings on several ocassions. Dotted blue lines are four of the possible path directions I estimated for the price to continue its trend, published on September 29. I added one trend line here (not dotted).
The trend path lines I sketched over the daily timeframe graph as it is in my post. This is a 30 minutes time frame view. None of these lines were changed in their slope nor in their position, not even slightly altered in any way.
This can be verified in my Sept 29 XAUUSD analysis
XAUUSD OAK Spider Trend Analysis and 2023 Closing Forecast
OAK