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GBPUSD InsightHello, dear subscribers! I’m glad to see you all here. Please feel free to share your personal opinions in the comments. Don’t forget to like and subscribe! Key Points - Bank of Japan Governor Kazuo Ueda stated that the decision on whether to raise interest rates will be discussed and decided at the January 23-24 meeting. - U.K. CPI rose by 2.5% year-over-year, falling short of expectations. Service inflation hit 4.4%, the lowest level since March 2022. Following this news, gilt yields plunged, easing concerns about fiscal deterioration. - U.S. December CPI increased by 2.9% year-over-year, aligning with expectations. However, core CPI rose by 3.2%, missing forecasts. Markets seemed to focus on core CPI, with Federal Reserve members noting improvements in inflation trends. This Week’s Key Economic Events + January 16: U.K. November GDP, Germany December CPI, U.S. December Retail Sales + January 17: Eurozone December CPI GBP/USD Chart Analysis Following a sharp decline, GBP/USD dropped to the 1.21000 level but rebounded strongly after confirming its bottom. However, it faced resistance at the 1.23000 level, giving back some of its gains, suggesting potential for further declines. The downside bias remains, with a possible test of the 1.20000 level. On the other hand, if GBP/USD breaks above the 1.23000 level, it could shift to an upward bias, potentially rising toward the 1.25000 level.
Short
by shawntime_academy
EGLDUSDT: A Bullish Breakout or a Trap?Yello, Paradisers! Are we standing at the start of a major bullish run for EGLDUSDT, or is this just a fakeout waiting to catch over-enthusiastic traders off guard? Let’s dive in! 💎EGLDUSDT is showing signs of a potential bullish reversal after a recent retracement, and the double bottom structure combined with bullish divergence is giving us some strong clues. So far, price action is leaning bullish, but let’s not get ahead of ourselves — key confirmation levels still need to hold! 💎EGLDUSDT has successfully broken through a key resistance trendline, which was previously capping upward moves. This breakout is a positive sign for bulls. 💎We’ve spotted a bullish I-CHoCH on the chart — this is a solid early indicator that momentum may be shifting to the upside. The move came after an inducement, which swept weak hands before bouncing from a support zone. This adds credibility to the breakout, increasing the odds that EGLDUSDT could push higher from here. 💎In case of another retracement or panic selling, we’ll be looking for EGLDUSDT to bounce from strong support zone. But here’s the critical part — we need to see another bullish I-CHoCH at this level to reinforce the bullish narrative. Without it, this whole setup could crumble. 💎If EGLDUSDT fails to hold that strong support zone and closes a candle below it, that’s our warning sign to step aside. At that point, it’s better to wait for a fresh bullish structure to form rather than trying to catch a falling knife. 💎Right now, EGLDUSDT is giving us some good signals for a bullish move, but don’t rush in blindly. We need to see follow-through at key levels to confirm this breakout. If the market pulls back further, patience will be essential. 🎖 Strive for consistency, not quick profits. Treat the market as a businessman, not as a gambler. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
2
Quick flip - long FTNT-FTNT is solidly in 12M, 6M and 3M uptrends. -It bounced nicely today off of near term support and its regression channel bottom. -It has been an excellent trade for me using my algo + FPC exit. Historically, (including backtesting) its W/L is 340-2* (the 2 are the last 2 days) though I didn't trade it yesterday. I'm already regretting not buying a double lot today to make up for that. -Since April, no trade has taken more than 3 days to close profitably and that only happened once. 68% of them have closed profitably in one day (16 of 25 trades). Over its history with this system, the average holding period with FTNT is 12 trading days and has an average gain of 2.12% (45% annualized and .17% per day held). That's 4x the average daily return of SPY. In this twitchy market, another selling point is that over its entire history, including major corrections, it required a max of 9 lots of capital committed using this system. Essentially that means relatively short drawdowns. BTW, my initial lot entry price was 92.485 Per my usual strategy, I'll add to my position at the close on any day it still rates as a “buy” and I will use FPC (first profitable close) to exit any lot on the day it closes at any profit. As always - this is intended as "edutainment" and my perspective on what I am or would be doing, not a recommendation for you to buy or sell. Act accordingly and invest at your own risk. DYOR and only make investments that make good financial sense for you in your current situation.
NASDAQ:FTNTLong
by redwingcoach
NVDA quick flip - LONG at 133.23NVDA is still the leader in AI chips. AI is not going away. For me, the rest is just noise. Chart-wise: -It bounced off its closest support level (and has lots more support below that), closing near the highs of the day along with the market overall. -It's still within its uptrending regression channel. -4 down days is a routinely profitable short term trade setup Finally, 700+ trades in my algo hasn't led me astray on NASDAQ:NVDA yet, so I'm betting that it isn't now. For all you HODLers, just ignore this idea - it's not for you. I'm not married to NVDA, I'm just here for a quick flip. I'll add more as long as my algo deems it worthy, and I'll sell any purchased lot as soon as it is end of day profitable. My profit target is simply green - however much the market sees fit to provide me. Note: not all the trades shown on the chart used this exit strategy, so don't expect to see +20%. This is a take your money and run market, imo. This is just a commentary on what I'm doing and why. DYOR and only make trades that are sensible given your individual situation. And PLEASE don't over leverage, kids. It's asking for trouble, especially in a jittery market like this one. Lots currently held: Lot 1 - 133.23
NASDAQ:NVDALong
by redwingcoach
Next target around $62The last few days showed a clear retest of the the upwards channel. Moneymakers, algo's and the big boys showed that the previous weekly and daily demand levels held very firmly as they didn't even enter the zone, but rather stayed/behaved nicely in the channel. With Trump and team talking office in about 5 days, we have a very compelling set of rule changes that are going to be implemented shortly (and play out at least over the next 2+ years!) that will benefit all businesses including the small caps, and in anticipation of the this, the truck was backed up and loaded to the brim. We were lucky enough to participate both in the first zone, and the second zone below that, to load up. Always good to buy in 1/3 increments to keep your powder dry. The upper test of the $54 area showed that there is heavy selling pressure there, but we have weakened the supply zone substantially as we stayed there for quite a few days. Expectations are that this move will play out over the next several months, possibly into the summer and ultimately end somewhere around the $62 range as highlighted by the green circle. There is another supply zone above that, which we've never retested, so that means it will bounce hard off that selling pressure. Good luck to all, and do your own due diligence. This post is for entertainment purposes only. And for me to document my own journey in this trade for my kids to see how it works, then call me out as either a dad than knows what they're doing, or call my bluff.
AMEX:TNALong
by ep7
Viemed Healthcare Stock Quote | Chart & Forecast SummaryKey Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # Viemed Healthcare Stock Quote - Double Formation * 012345 | Wave Count | A+ Set Up)) * (Reversal Argument)) | Subdivision 1 - Triple Formation * 7.50 USD | Area Of Value | Subdivision 2 * (Flag Structure)) | Subdivision 3 * Daily Time Frame | Trend Settings Condition Active Sessions On Relevant Range & Elemented Probabilities; European Session(Upwards) - US-Session(Downwards) - Asian Session(Ranging) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Buy
CAPITALCOM:VMDLong
by TradePolitics
Alikze »» STRK | Trading range🔍 Technical analysis: Trading range - It is in a downtrend on the 1D daily time frame. - Currently, it is in the area between 0.33 and 0.42 as a trading range. - In case of support in the 0.39 area, it can grow up to the supply area. 🛑 The most important resistance: 0.586 - Due to the fact that there is demand in the current area, this failure can happen from above. - He has tested the swing several times. According to the momentum, there is an expectation of failure from above. - But if there is consolidation below the 0.39 area and there is a break from the bottom, the bearish scenario will gain strength. 💎 Alternative scenario: Considering that the formation of a bearish flag pattern is given, if the 0.39 area is not maintained and stabilizes below the area, we can expect confirmation of the bearish flag pattern, which with the breaking of the trading range area can be a correction as much as the previous leg. experience another. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« BINANCE:STRKUSDT
Long
by alikze
4
Traeger | COOK | Long at $2.50Traeger NYSE:COOK is in an accumulation zone and approaching a change in the downward trend based on my selected simple moving average. Insiders have shown confidence in future price improvement by buying shares and being awarded options in the low $2s. With a 58M float and anticipated earnings improvement through 2027, this ticker may be poised for a run soon. There is a tiny gap in the daily chart between $2.19 and $2.20 that may get filled before then, but Traeger has a strong brand name and can be found in multiple big box stores. A slowing economy may dampen this move in the near-term, but NYSE:COOK is in a personal buy zone at $2.50. Target #1 - $4.15 Target #2 - $5.00 Target #3 - $8.50 Target #4 - $19.00 (very long-term...)
NYSE:COOKLong
by WorthlessViews
GBP/USD Daily Trendline Breakout AnalysisThe GBP/USD pair has broken below a significant ascending trendline on the daily timeframe, indicating potential bearish momentum. With this technical setup, the price may continue to decline, targeting the 1.20 level, while a stop loss is set at 1.27 to manage risk. This analysis highlights a possible trading opportunity based on the recent price action and trendline behavior. Disclaimer: This is not financial advice but simply a sharing of my personal trading plan. Always do your own research and consider your risk tolerance before making any trading decisions.
Short
by DNP-FX