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USDJPY DOUBLE SETUPS AFTER US SPEECHOn USDJPY, we have a price that, after consolidating around 141.70 following Powell's remarks, has introduced two possible scenarios. The first scenario is a long one, with a breakout of the 142.30 level, a potential rebound in the demand zone, and further long positions. The second scenario, on the other hand, involves a break of the 141.30 level, a rebound in the supply zone, and a subsequent bearish rally. Patience is key. Share your opinion. Greetings from Nicola, CEO of Forex48 Trading Academy.
by Forex48_TradingAcademy
AUDNZD - Looks like a Long But on Daily ResistanceEvery chart has a story to say, this is the story of this one: We have been up-trending until we hit a Resistance level coming from the Daily chart. Some Sellers at the top with PRS signal Pullback to Fib and buyers are there again Now something is cooking at the top again because we have and Abnormal Speed Index of 56.8. The Bias is for Long but we are at very significant Level, so anything is possible. Patience and wait for the reaction! Enjoy! Learn to Read and Trade any Market!
by TradeTheVolumeWaves
EURNZD - Reading The Waves and Speed IndexEvery Chart has a story to tell this is the story of this one: We have been down trending with Plutus Short signals The last up wave before hitting 50 Fib was not that easy. That's a HTMU =hard to move up We have hit 50 Fib area and start to move up again but abnormal SI of 66 and down we go again. We a have few pips left to reach 61.8 (get some profit out if you are already short) but we should be cautious because can find buyers and never reach the 61.8. Enjoy! Learn to Read and Trade any Market
Short
by TradeTheVolumeWaves
USDCHF REVERSAL ZONE IS HERE!!!USD/CHF has recently found resistance and is now trading below the Ichimoku Cloud, indicating a downtrend. We anticipate a potential test of the upper border of the Cloud at 0.9065, followed by a decline towards 0.8865. A confirming signal for the downward move would be a rebound from the upper border of the descending channel. However, if there is a breakout above the upper border of the Cloud, securing above 0.9105, it would invalidate this scenario and suggest a further rise towards 0.9205. Nicola, CEO of Forex48 Trading Academy
Long
by Forex48_TradingAcademy
1
SCIB stock time to shineSCIB (Sarawak Consolidated Industries Berhad) Sector : Industrial Products & Services Market : Main On 8 May 2023, the price manage to breakout the 200-Days MA. This indicate the stock moving toward a positive long term uptrend. Supported with huge volume 93M. Currently the volume still highest, we assume next week(19-23 May) will occur some pullback or profit taking. The Mansfield RSI show that the price is trading at positive area (above 0) indicate that a buying interest already on mood. We optimist based on the Fibo the price will continue rising area 0.715 - 0.810.
MYX:SCIBLong
by NazrinAzmir
4
GME - Is Gamestop ready for another run ?GME this past week showed a nice reversal as seen on the 30 minute chart. Price hit a swing low on May 2nd and then rose the rest of the week. Is it riding above the linear regression line set to draw context and direction. On the anchored VWAP bands GME has crossed over the first standard deviation VWAP line as well as the mean VWAP. Buying volume has replaced selling volume in the past 3-4 sessions. GME crossed above the POC line of the intermediate term volume profile suggesting buyers are taking control of the market Please comment. What do you think? Is GME getting ready for another launch?
NYSE:GME
by AwesomeAvani
21
U - buy the dipsSince last November, Unity had been whipped in a wide range between 24 to almost 43 at least twice and now looks to retest $43 again in the coming days (weeks). The odds of a successful break out of this range has increased with the announcement on 5th June by AAPL of it's partnership with Unity on the Apple Vision Pro. Volume was great after the annoucement and although the stock started to sell off by the next day, it eventually found support at the 38.2% fibonacci retracemnt of it's most recent AB upswing. This forms the near term pviot which is a good place to place an initial stop (at least 50cts below) for those initiating a long trade now. While the 42-43 might still pose some headwinds in the near term, I suspect that the next retracement from there will be "shallow" and not going to bring it right back to the range low at 24+ (as had happened several times in the last 7 months. This is because dynamics of the overall market sentiment has been changing to more bullish now. However, a trailing stop will help if this speculation is wrong. p/s with FOMC round the corner, the market could sell off after, and if it does, it could provide a much needed breather before trend resumption. Hence I would view any near term pullback as opportunity to long stocks that are looking technically attractive. Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
NYSE:ULong
by Juliac
THIS IS BHARTI AIRTEL IDEA FOR TRADINGAs we can see stock is trading above 50ema and making hammer candles with good volume. from ATH and rsi divergence stock correct almost 5% And Doji candle on 8th Dec after a downtrend ends and the next candle formed is a hammer candlestick. which is indicating a bullish reversal, Singh. Bharti Airtel Ties Up with Meta, STC to Bring World's Longest Subsea Cable to India. (07-12-2022) The chart mentions a good support level and entry point, so plan accordingly. if you are a value buyer wait for more cuts till S1 and S2. otherwise, you can enter with strict SL which is mentioned on the chart. GOOD STOCK FOR THE LONG RUN ALL THE BEST! indicators HV=14 RSI=52 educational purpose only!
NSE:BHARTIARTLLong
by SHEHBAZ_KHAN
BLDR on a consistent trend higherBLDR is part of the construction industry and has had consistent gains over YTD in the range of 95 % with favorable beats on earnings estimates and increases in revenue. Volume has been rising in the past month. In the past when BLDR pulled back to the blue SMA100 line it then reversed quite well and resumed its move higher. At present, BLDR is on a pullback which provides an opportunity for a long entry at the current price where the SMA20 SMA50 and SMA 100 are converged. I will take a long trade here as I see BLDR to be consistent in its move up and setup for entry with a pullback.
NYSE:BLDRLong
by AwesomeAvani
4
BASE - Inverted Head & ShouldersFor the past 3 weeks, BASE has seen higher volume (accumulation) leading it to break out of an inverted Head & Shoulders Formation (bullish) last week. With earning expected on 6th June, it is likey that it's earnings could be positive. However, whether the recent up move has already factored in a positive earning (and then "sell on news") remains to be seen. If it started to sell off on "news" after earnings is announced, it could present good entry opportunity to long if it remains supported above the 50% retracement of it's recent upswing AB. However, if it gaps up after earnings, then we need wait and see if it begins to consolidate before looking for signals to long (bullish patterns, divergence, fib support, gap close etc). This inverted H&S basing formation had formed over 12 months+ and looks to be credible for longer term upside, not to mention it is also now above it's 200 day MA (although it could be risky to long in the short term due to earning announcement risks). Let's see what happens after earnings and whether opportunity to long present itself after. Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
NASDAQ:BASE
by Juliac