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GBPJPY - Continue to rise? or beginning of the fall? 26/06/2023 - 1 Hour TF GBPJPY has been in a Bullish trend for quite a signifcant amount of time consitenly making Higher Highs as well as Lower Lows. Supported on the Weekly, Monthly, Daily & Hourly timeframes. Despite recent Bearish breaks we are looking for potential buys as we kick of the trading week. Recent news articles also points to a potential Bullish run. Raising interest rates also supports the idea of a longer Looking to enter a trade after price has broken below area of support, & it has come back to close above zone a 1:1 or higher win rate ratio. DISCLAIMER: All trades are just my own ideas and should not be taken as a signal. Follow me for more ideas. Happy Trading! Supreme Trading Society
Long
by SupremeTradingFX
1
MID TERM - LONG UPTRENDGold is expected to retest the resistance level at $1960 and then retrace back to the $1885 level. Let's break down this idea logically: Influence of liquidity pools on the potential retesting of the $1960 level and subsequent retracement to $1885 in gold. Liquidity Pools: A liquidity pool refers to a pool of funds provided by market participants to facilitate trading in decentralized exchanges or other financial platforms. These pools contribute to market liquidity, allowing for efficient trading and price discovery. Resistance at $1960: If there is a significant liquidity pool near the $1960 resistance level, it can impact market dynamics. A well-capitalized liquidity pool can attract sellers as the price approaches the resistance, potentially leading to increased selling pressure and a retest of the resistance. Retracement to $1885: Liquidity pools can also influence price retracements by providing liquidity and support levels in the market. Retracement to $1885: If there is a substantial liquidity pool or a cluster of buy orders near the $1885 level, it can act as a support zone. Traders may anticipate buyers stepping in to take advantage of the liquidity provided by the pool, potentially leading to a retracement in price toward the $1885 level. Considering the presence of liquidity pools near resistance and support levels, traders who predict a retest of the $1960 resistance level and a subsequent retracement to $1885 may base their thesis on the potential impact of liquidity pools on market behavior. Please note that market conditions can change rapidly, and various factors can influence gold prices. It's essential to conduct thorough research, monitor market trends, and use appropriate risk management techniques when making trading decisions.
OANDA:XAUUSDLong
by ashenfernando001
2
Adobe Target $539 - After Consolidation🐂 Trade Idea: Long - ADBE 🔥 Account Risk: 2.50% 📈 Recommended Product: Stock 🔍 Entry: +/- 446.00 🐿 DCA: Yes, down to 400.00 😫 Stop-Loss: 357.00 🎯 Take-Profit #1: 539.00 (50%) 🎯 Take Profit #2: - 🎯 Trail Rest: Yes 🚨🚨🚨 Important: Don’t forget to always wait for strong confirmation once possible entry zone is reached. Trade ideas don’t work all the time no matter how good they look. Do not get a victim of FOMO, there is always another trade idea waiting. 🚨🚨🚨 If you like what you see don’t forget to leave a comment 💬 or smash that like ❤️ button! — Adobe participated in the AI boom and made more than 50% from its May low at around 325.00. Huge selling pressure came in around 520.00 showing stronger resistance in that area. We’ll need to see some more consolidation before considering stepping in. First buy zone would be around 446.00 from where one can DCA-in into the stock down to 400.00. We might not see the stock reaching the second buy zone, so consider start buying in multiple tranches starting in buy zone 1. — Disclaimer & Disclosures pursuant to §34b WpHG The trades shown here related to stocks, cryptos, commodities, ETFs and funds are always subject to risks. All texts as well as the notes and information do not constitute investment advice or recommendations. They have been taken from publicly available sources to the best of our knowledge and belief. All information provided (all thoughts, forecasts, comments, hints, advice, stop loss, take profit, etc.) are for educational and private entertainment purposes only. Nevertheless, no liability can be assumed for the correctness in each individual case. Should visitors to this site adopt the content provided as their own or follow any advice given, they act on their own responsibility.
NASDAQ:ADBELong
by LGNDRY-Capital
1
Bitcoin's Psychological 30K: Uncertainty and PotentialBitcoin has reached the psychological barrier of 30K, likely triggering a temporary pullback to around 28K. At 28K, uncertainty arises: a strong climb to 32K is expected if bullish momentum persists, while falling below 28K could test the 25,800 support level. On the Weekly, the scenario is still bullish though, but starts to weak a bit. PS: I'm happy to see that the price didn't fall under the 25K support, and climbed as stated in my previous posts. But for now, I would say there is a little slowdown in the bull movement. I hope it is just local and temporary. We need extra candles to be more sure of the bullish strength, if it will last or not (even if there was the sudden surge which reached 30K). My bullish goal is 49K, but it's really far from now.
Short
by TradeWithAtemak
3
ETH/USDT 1D Interval ReviewHello everyone, I invite you to a review of ETH in pair to USDT, also on a one-day interval. First of all, with the help of blue lines, we can mark the downtrend channel from which the price breaks upwards, in the longer term, we can see that the price stayed above the uptrend line, from which it has already rebounded for the second time. Now let's move on to marking the places of support. We will use the trend based fib extension tool to mark the supports, and here we first have a support zone from $1780 to $1707, while when this zone does not hold the price we have a second support from $1644 to $1581, and then a strong support at $1495 . Looking the other way, we can also mark the places where the price should encounter resistance on the way to increases. And here we have the first significant resistance at $1921, the next resistance is at $2010 and then the third very strong resistance at $2100. As we can see, as in the case of BTC, the ETH price rebounded around the EMA Cross 200, The CHOP index indicates that most of the energy has been used. The MACD indicator indicates a return to an uptrend. On the other hand, the RSI shows a definite increase, but there is still some room left for the price to grow more.
by cryptodailyuk
EURUSD to make its 4H higher highI believe the daily momentum for this pair is still bullish. The 4H retraced to the 38.2% fib and presented a Volume bullish engulfing on top of a trendline . While I do believe the Euro is getting weaker, one more higher high or bullish push would make perfect sense considering the fact that its beneath a major resistance and had been rejected there prior. Its approaching an untested breakout zone while these daily candles aren't very strong.
Long
by DesharedPierreJr.
📈 USDJPY: Bullish Breakout Mode Activated! (triangle) 🚀📈The formation of an asymmetrical triangle pattern has caught our attention. This pattern is renowned for its ability to indicate a continuation of the prevailing trend. In this case, the triangle formation suggests that the recent uptrend in USDJPY is likely to persist. To fully grasp the significance of this setup, let's dissect the recent market dynamics. We observed two distinct phases in USDJPY's journey. First, a strong upward impulsion propelled the pair from 140 to 142. This surge demonstrated the bullish strength behind USDJPY. Next came a consolidation phase, where price oscillated around the 142 level. This period of consolidation allowed market participants to catch their breath and assess the next move. Now, we find ourselves on the cusp of an exciting development as price breaks above the previous resistance formed during the consolidation phase. The breakout from the resistance level confirms the resumption of the bullish trend. It signifies the triumph of buyers over sellers, igniting a fresh wave of optimism. The stage is set for USDJPY to continue its ascent, and astute traders will be ready to ride this upward wave. As we embark on this bullish journey, it's essential to identify our potential targets. On the chart, we have identified three significant levels: 142.500, 143.000, and 143.500. These levels represent key resistance points where price could encounter some hurdles. Remember, it's wise to lock in profits partially at each target, securing your gains along the way. So I will buy from here at the retest of the previous resistance turning support with tight stop loss. and pretty confident about this trade since the overall momentum on higher timeframe is still bullish, and also knowing that trend continuation setups have high winning rate. Feel free to share your toughts in the comments section. And don't forget to press the like button if you think this insight was helpful 🚀📈
by Thomas_Zito
1