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GBPUSD InsightHello, dear subscribers! Thank you all for tuning in. Please feel free to share your personal opinions in the comments. Don’t forget to hit the like button and subscribe! Key Points - For the first time in 62 years, the French National Assembly has passed a no-confidence motion against the cabinet led by Prime Minister Michel Barnier, resulting in the cabinet's collapse. - Federal Reserve Chair Jerome Powell expressed confidence in the economy during his speech, emphasizing a cautious approach in finding the neutral interest rate. - The U.S. November ISM Services PMI came in at 52.1, falling short of the forecasted 55.5, while ADP private sector employment increased by 146,000, missing the expected 166,000. - Bank of England Governor Andrew Bailey suggested that inflation is declining faster than expected, hinting at the possibility of four rate cuts next year. Key Economic Events December 6: U.S. November unemployment rate and nonfarm payrolls report GBP/USD Chart Analysis The GBP/USD, which recently dropped to the 1.25000 level, has successfully rebounded and is maintaining an upward trend. With the pair holding its recent low, a mid- to short-term rise looks highly probable, with a target of 1.30000. In the longer term, there is potential for the pair to climb to the 1.34000 level, though it's important to assess the pair's behavior at each resistance level to determine its direction. For now, the outlook remains bullish, but we will reassess the direction at the 1.30000 level. If the market moves contrary to expectations, we will swiftly adjust our strategy.
Long
by shawntime_academy
Long Fiserv @ 215.38 - You do NOT want to miss this one!C'mon, look at that chart. It's the chart equivalent of a cute puppy. How could you not love it? It has a little something for everyone. The chartists will love how the close today sits right at the confluence of both recent support and the trend line. It's not volatile, it's beautiful. And for me, it's only given a buy signal 12 times in the last year before today (because it doesn't correct hardly ever). Unsurprisingly, all 12 have been profitable. In that time, the average gain has been 1.27% and the average holding period was LESS THAN 2 DAYS (the LONGEST trade in the last 12 months lasted 7 trading days - but it was also the biggest win). That works out to a stellar .66% per day held this year - about 15x better than the S&P 500 average daily return. Over a longer time frame, I have a ranking system that factors in gain per day held, total number of trades (sample size), largest drawdown (based on how I trade) and average number of days held per trade. Out of roughly 750 stocks with market caps above 10B, it has the 4th best composite score. It is both very profitable, very safe, and produces quick returns, historically. For comparison, the only stock I've posted on here as a trade idea that has a better lifetime composite score than VIE:FISV is $MSFT. That's some pretty good company when you think about how well NASDAQ:MSFT has done over its lifetime. So obviously, I went long today at the close. Per my usual strategy, I'll add at the close on any day it is still rated a 'buy" by my algo, 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.
NYSE:FILong
by redwingcoach
8
GBPJPY Trendline Breakout , All eyes on BuyingHello Traders In This Chart GBPJPY HOURLY Forex Forecast By FOREX PLANET today GBPJPY analysis 👆 🟢This Chart includes_ (GBPJPY market update) 🟢What is The Next Opportunity on GBPJPY Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexMasters2000
1
Gold: Maintaining Downward Momentum Gold Technical Analysis The price recently tested resistance at 2651 before retreating. Today, the price is expected to consolidate within the range of 2647 to 2638, showing bearish momentum. For the bullish trend to resume, the price must stabilize above 2647 by closing 4h candle above it, targeting 2661 as the next resistance. Conversely, as long as the price trades below 2647 and 2638, the trend is likely to remain bearish, with potential declines toward 2623 and 2612. Key Levels: Pivot Point: 2647 Resistance Levels: 2661, 2678, 2706 Support Levels: 2625, 2612, 2585 Trend Outlook Uptrend: Bullish momentum is expected if the price holds above 2649. Bearish Momentum: Dominant as long as the price remains below 2647.
OANDA:XAUUSDShort
by SroshMayi
1
NEM - Falling Wedge ABCD PatternNEM is formed a falling wedge from recent highs and currently making falling wedge with ABCD pattern. This means there is one more leg downwards to go. In ABCD pattern, the size of the second move downwards is very much the same as first move (either in $ or % terms). The projected price of completion of this falling wedge with ABCD pattern is between 30.22 and 20.50 because this coincides with: - a number of trendlines and major support zone from Weekly timeframe meet around 30.22 and 29.50 (point D) - gap fill is also at 29.87 Also, if we look at price range of first wedge pattern drop, it was about 31% (from point A to B). With the formation of ABCD, the second wedge pattern price drop is also likely to be about 31% from point C to D of ABCD pattern.
NYSE:NEM
by I_M_Shoaib
13
Bitcoin as Water. Will Bitcoin move towards less resistance?Hello, The volume profile of this chart with 4-hour candles indicates two levels where high trading interest can be found. One of these levels is the orange level, $91.5k, around which Bitcoin built a strong support zone. The other level is the red line, $98.5k, where BTC has a strong sell zone. I expect the price action to unfold between these two zones. You may ask which would come next. The current price, $97.1k, is closer to the sell zone than the buy zone. Hitting the sell zone requires less effort than falling into the buy zone. A few people observed that the market often moves towards less resistance. This lesser resistance is now moving into the sell zone. Furthermore, MACD goes up like a bullish trend, which means technicals contribute to BTC hitting the sell zone next time. The white trendline on the chart can act as additional support, which means for BTC to fall into the buy zone, it has to cut down the white trendline. Again, the less resistance for the price would be not to cut down the support trendline, but to pump into the sell zone, which is open from the bottom up without additional resistance standing in the way. Regards, Ely
BITSTAMP:BTCUSDLong
by Elysian_Mind
Continue to short goldBros, today we shorted gold near 2647 with 2650-2655 as resistance according to the trading plan. The object closed the gold short position manually near 2636 and gained 100 pips, which is a good result. Just now, gold rebounded from 2632 and has now reached 2657. I still shorted gold again near 2654 as planned. Although gold touched near 2657 during the violent fluctuations, it did not stand strong, so it did not prove the effectiveness of its breakthrough. Moreover, it also faced resistance in the 2660-2665 area above, so gold may face another correction in the short term, it will retrace at least to the 2648-2645 area. So we can still try to short gold again in the short term, and I have already shorted gold near 2654. Wish us good luck! Bros, did you follow me to short gold? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
OANDA:XAUUSDShort
by Trader_Marvin
1
US30 - Bullish Momentum is under Control...Technical Analysis The price was about to record a new ATH around 45200 before any dropping. It now shows a bullish volume, with potential targets at 45200 and 44,520. Bullish Scenario: As long as the price trades above 44930 and 44750, the bullish trend will continue toward 45200 and 45500 Bearish Scenario: The price must stabilize under 44750, confirmed by a 4-hour candle close, to target 44400. Key Levels: Pivot Point: 44930 Resistance Levels: 45200, 45500, 45600 Support Levels: 44750, 44400, 44270 Trend Outlook: Uptrend while above 44750 and 44920
OANDA:US30USDLong
by SroshMayi
LINK | BULLISH ALTS | More Increases IF we see THISLink has recently increased over 160% - and that's an excellent increase in 3 weeks, let's take a moment to appreciate this and not be greedy! Although it would have been most ideal to see LINK back up at ATH prices, more increases are on the cards BUT FIRST we need to reclaim a major resistance zone. Here's my overview on Altcoins - specifically Altseason - at the current moment. Find it here : ____________________ BINANCE:LINKUSDT
Long
by CryptoCheck-
1
BTC dominance 2024-2025(prodolzhenie prognoza po dominacii bitkoina 2023-2024) Proshlyj prognoz otrabotal prakticheski ideal'no, nemnogo promazal po vremeni (uskorilsya), nemnogo oshibsya s metodikoj raschyota dominacii (uchyol al'tkoiny - podrobno v obnovleniyah na proshlom prognoze po dominacii). Odnako v celom prognoz pravil'nyj! Nakaplivat' bitkoin bylo bolee pravil'nym resheniem nezheli otkupat' al'tkoiny. Podavlyayushchee bol'shinstvo al'tkoinov obnovilo svoi minimumy k bitkoinu. Teper' prishla pora razvorota. Tyazhelo sprognozirovat' tochku razvorota (kak eto bylo s proshlym prognozom) kak po vremeni tak i po urovnyu, odnako ya sklonyayus' k variantu chto eto proizojdyot ot 55-65% vo vremennom promezhutke konca2024 achala2025 goda. I ustremitsya v blok 35-45% k koncu 2025 goda. !!! Etot prognoz bolee kak prodolzhenie v popytke najti mesto razvorota, a ne kak samostoyatel'nyj predydushchij prognoz. Ya by ne stavil mnogoe na nego, odnako tendenciya dolzhna byt' yasna - gryadyot al'tsezon.
CRYPTOCAP:BTC.DLong
by you_djinn
Last Chance: $RUNE Poised for Parabolic Move Beyond ATHsThis could be the last chance to enter before CRYPTOCAP:RUNE begins its parabolic move, or at least starts expanding, leaving everyone behind. The new weekly trend is about to confirm, and it’s at a pivotal area. If it breaks above $7, this will trigger an even bigger upside. I believe CRYPTOCAP:RUNE is on track to break beyond its all-time highs and could potentially reach the second target near $75. It may seem ambitious, but the chart is signaling a strong move ahead. BINANCE:RUNEUSDT Buying as close as possible to $6.60 for this setup. Previous entries are posted here
Long
by ZelfTrade