Wave Analysis
GBPUSD Buy ForcastGBPUSD New forecast👨💻👨💻
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Ascending Channel at Risk: Gold's Next Move!Gold ( OANDA:XAUUSD ) is moving in the Resistance zone($2,743-$2,700) , near the Upper line of the Ascending Channel and near the Important Resistance lines .
According to the theory of Elliott waves , Gold seems to have succeeded in completing microwave 5 of microwave c of the main wave Y . If the Uptrend lines break , we can confirm the end of wave 5 .
Also, we can see the Regular Divergence(RD-) between Consecutive Peaks (Clear RD- in all indicators ).
I expect Gold to drop at least $2,710 in the coming hours after the breaking of the Uptrend lines . The next target can be $2,701 , and if the lower line of the ascending channel breaks , we can hope for the breaking of the Support zone($2,697-$2,689) .
If you want to see my analysis on the 4-hour time frame , take a look at the post I published on January 16, 2025 .
Note: If Gold goes above $2,750, we should expect more Gold increase and a new All-Time High (ATH) for Gold.
Be sure to follow the updated ideas.
Gold Analyze ( XAUUSD ), 1-hour time frame.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
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Gold’s Journey to $3,300: Mid-April Reversal! SELL NOW!Gold has been following a defined Elliott Wave pattern, and our analysis suggests significant movement ahead. Since touching the $2,600 mark per ounce, gold rallied to a high near $2,750. This move aligns with the completion of a sub-wave structure within the larger Elliott Wave cycle.
The Wave Structure
From a technical perspective, we believe gold is currently in the process of completing Wave 4. The rally to $2,750 marked the end of Wave B, a pivotal moment before a corrective pullback. Our analysis suggests that this pullback, classified as Wave C of Wave 4, is expected to drive gold prices down to approximately $2,400 per ounce.
This corrective phase is projected to bottom out around mid-April 2025, creating a robust support level. Once this corrective phase concludes, we anticipate a strong bullish reversal. This upward momentum will form Wave 5, pushing gold prices to unprecedented highs, with our target set at $3,300 per ounce.
Key Levels and Invalidation
• Support Level for Wave 4 Completion: $2,400 per ounce
• Wave 5 Target Price: $3,300 per ounce
• Invalidation Level: Should gold exceed $2,790 per ounce during the Wave 4 corrective phase, our analysis would require reassessment.
Contextual Analysis
This forecast aligns with broader market movements and macroeconomic factors influencing gold prices. Gold often serves as a hedge against inflation and economic uncertainty, and its trajectory mirrors shifts in investor sentiment.
The anticipated pullback to $2,400 reflects a natural correction within the Elliott Wave framework, providing a foundation for the next major bullish wave. This scenario underscores the importance of patience and strategic entry points for traders and investors.
Vital Direction’s Perspective
Our advanced technical analysis indicates that gold remains a compelling asset for both short-term and long-term opportunities. The projected Wave 5, culminating at $3,300, highlights the immense potential for growth as the market completes this Elliott Wave cycle.
Conclusion
Gold’s journey from $2,400 to $3,300 is expected to be a pivotal moment in the commodity market. For traders and investors, these insights provide actionable information to navigate the coming months effectively.
NIFTY : Trading Levels and Plan for 23-Jan-2025Trading Plan for NIFTY: 23-Jan-2025
📌 Educational Trading Plan for All Opening Scenarios
This plan considers various market opening scenarios with 100+ points gap. Be prepared to adapt to changing trends and price levels with a disciplined approach. Let's analyze:
1. Gap-Up Opening (100+ Points)
If NIFTY opens near the 23,200–23,325 zone (Opening Resistance and Intraday Resistance) :
Monitor price action around 23,200 . If a rejection occurs, look to short with targets at 23,127 and 23,074 .
A breakout above 23,325 with strong bullish candles could lead to further upside. If sustained, consider long trades targeting 23,400+ .
Keep a stop-loss just above 23,325 for shorts or below 23,200 for longs.
📈 Pro Tip: Gap-up days can trap traders; wait for 15–30 minutes of price action confirmation before entering a trade.
2. Flat Opening
If NIFTY opens between 23,127–23,200 :
Observe the movement within this NO Trade Zone (23,127–23,176) . Avoid trades until a breakout or breakdown is clear.
A breakout above 23,176 can signal bullish momentum toward 23,200 or 23,325 . Go long if strength persists.
On the flip side, a breakdown below 23,127 could lead to bearish momentum toward 23,074 or 23,017 .
📉 Pro Tip: Stick to smaller lot sizes when trading within tight ranges or zones.
3. Gap-Down Opening (100+ Points)
If NIFTY opens near the 23,017–22,851 zone (Buyer’s Support Zones) :
Watch for a bounce around 23,017–23,074 . If a bullish reversal forms, consider long trades targeting 23,127 and 23,200 .
If this zone is breached and NIFTY moves below 22,851 , expect further downside with targets near 22,800 and 22,700 . Initiate shorts cautiously.
📈 Pro Tip: Volatility in gap-down scenarios can be high. Trade with stop-losses and avoid revenge trading.
💡 Tips for Risk Management in Options Trading
Trade only with a defined risk-reward ratio (1:2 or better).
Avoid over-leveraging. Use a maximum of 10–15% of your capital for a single trade.
In volatile markets, stick to ATM (At-The-Money) strikes for better liquidity and lower premiums.
Use trailing stop-losses to lock profits in trending markets.
Don’t hesitate to stay out if levels aren’t clear or if the market is choppy.
Summary & Conclusion
Key levels to watch: 23,200 (Resistance) , 23,127 (Critical Zone) , and 22,851 (Support) .
Stick to the plan and avoid emotional trading.
Be patient and wait for clear confirmations before initiating positions.
⚠️ Disclaimer: I am not a SEBI-registered analyst. This trading plan is for educational purposes only. Trade responsibly and consult with a financial advisor.
✨ Happy Trading!
BANKNIFTY : Trading levels and Plan for 23-Jan-2025Trading Plan for BANKNIFTY: 23-Jan-2025
📌 Educational Trading Plan for All Opening Scenarios
This detailed plan is designed for all possible opening scenarios, ensuring you are ready to tackle the market effectively. Let's break it down based on opening gaps (200+ points considered):
1. Gap-Up Opening (200+ Points)
If BANKNIFTY opens near the 48,904–49,041 zone (Opening Resistance) :
Look for a rejection near these levels. If a bearish candle forms, consider initiating a short trade with targets at 48,766 and 48,512 .
Stop loss can be placed slightly above 49,041 .
On the contrary, if the price sustains above 49,041 , it may attempt to test the 49,314 (Last Intraday Resistance) . Wait for a confirmation before going long.
📈 Pro Tip: Avoid early entries in volatile zones; let the market confirm its direction.
2. Flat Opening
If BANKNIFTY opens between 48,766–48,904 :
Observe the price action around 48,904 . If it breaks and sustains above this level, go long with a target of 49,041–49,314 .
In case of a rejection at 48,904 , initiate shorts with a target of 48,512 and 48,429 .
Monitor the 48,512 zone for potential buying opportunities if prices fall to this level.
📈 Pro Tip: Use smaller lot sizes when trading near flat opens to reduce risk.
3. Gap-Down Opening (200+ Points)
If BANKNIFTY opens near the 48,226–48,429 zone (Opening Support) :
Look for a bullish bounce near these levels. If prices show strength, go long with a target of 48,512 and 48,904 .
If this zone is breached and prices move below 48,226 , expect further downside with targets at 47,940 and 47,681 (Last Intraday Support) .
📈 Pro Tip: For gap-down scenarios, focus on defined stop-loss levels to manage volatility.
💡 Tips for Risk Management in Options Trading
Always use defined stop losses to protect capital.
Trade with a portion of your capital; avoid over-leveraging.
For option buyers, consider exiting quickly if the price doesn’t move in your favor within 10–15 minutes.
Sellers should hedge their positions to reduce risk.
Avoid trading in the "no-trade zone" to minimize whipsaws.
Summary & Conclusion
Monitor key levels: 49,041 (Resistance) , 48,512 (Support) , and 47,681 (Critical Support) .
Trade with discipline and wait for confirmations before taking positions.
Focus on market structure, and don’t hesitate to sit out if levels don’t align with your plan.
⚠️ Disclaimer: I am not a SEBI-registered analyst. This analysis is purely for educational purposes. Trade responsibly.
S&P 500 index Wave Analysis 22 January 2025
- S&P 500 index broke resistance levels 6000.00 and 6060.00
- Likely to rise to resistance level 6110.00
S&P 500 index recently broke the resistance levels 6000.00 (top of the previous minor correction) and 6060.00 (top of the previous wave B from December).
The breakout of these resistance levels accelerated the active intermediate impulse sequence (3) from the start of January.
Given the strong multi-month uptrend, S&P 500 index can be expected to rise to the next resistance level 6110.00, top of the previous impulse wave (1).
USCDAD Wave Analysis 22 January 2025
- USCDAD reversed from pivotal support level 1.4290
- Likely to rise to resistance level 1.4455
USCDAD currency pair recently reversed up from the pivotal support level 1.4290 (lower border of the sideways price range from December, which stopped previous waves A and (4)).
The support level 1.4290 was also strengthened by the lower daily Bollinger Band and by the 38.2% Fibonacci correction of the previous upward impulse from December.
Given the clear daily uptrend, USCDAD currency pair can be expected to rise in the active impulse wave (5) to the next resistance level 1.4455 (upper border of the active sideways price range).
NZDUSD: Bearish Continuation & Short Signal
NZDUSD
- Classic bearish formation
- Our team expects fall
SUGGESTED TRADE:
Swing Trade
Sell NZDUSD
Entry Level - 0.5670
Sl - 0.5694
Tp - 0.5621
Our Risk - 1%
Start protection of your profits from lower levels
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Netflix (NFLX): Explosive growth, but caution aheadNetflix ( NASDAQ:NFLX ) is set to open 14% higher after adding a record-breaking 18.9 million subscribers in Q4—nearly double Wall Street’s expectations and well above the early 2020 peak of 15.8 million. These incredible numbers have sparked a strong market reaction, and the enthusiasm is well-justified.
Following this update, we’ve re-evaluated the chart. While we anticipate the potential for more upside, it’s unlikely that NASDAQ:NFLX will continue climbing without a significant correction at some point. The trendline since May 2022 has proven its importance, serving as resistance nine times before being flipped into support and holding firm on a key retest.
Currently, Netflix is approaching the significant psychological level of $1,000. If this level is reclaimed, a further push toward $1,070 and even $1,300 could materialize. However, we’re exercising caution as major levels and target zones have already been achieved. There is a chance—albeit slim—that today’s earnings gap could mark the top of wave ((v)) and wave 3.
For now, we’re waiting for further developments and will decide our next steps as the stock’s trajectory becomes clearer. Stay tuned for updates.
EURUSD The Target Is DOWN! SELL!
My dear subscribers,
This is my opinion on the EURUSD next move:
The instrument tests an important psychological level 1.0429
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.0364
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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WISH YOU ALL LUCK
$TREE - Low Cap Gem #5Altseason is upon us, and now is the time to start dollar-cost averaging into your favorite crypto gems. One of our picks for this altseason is Three protocol NASDAQ:TREE - best characterized as a Smart Contract Platform and Payment Solution project.
🚀 Why?
Our altcoin picks are based on the following criteria:
High growth potential : Projects with room for exponential gains.
Undervalued : Market cap still flying under the radar.
Limited CEX listings (for now) : Undiscovered gems poised for exposure.
Community-driven momentum : A strong, dedicated community pushing adoption.
High risk, high reward : A speculative but calculated play.
Partnerships and roadmap promises : Indicators of future expansion and relevance.
Potential for major exchange listings : A game-changer that could drive price action.
Circulating Supply Ratio : A circulating supply close to 100%, indicating robust tokenomics and minimizing dilution risk.
🌊 Prerequisites for Thrill and Euphoria
For low-cap altcoins to thrive, specific market conditions need to align. Here's what we're assuming:
Bitcoin follows the 4-year cycle: Maintaining historical trends of market phases.
We remain in a crypto bull market: A rising tide lifts all boats.
Altseason begins: A period of intense growth and volatility for altcoins.
Retail money floods in: Increasing mainstream interest and participation.
Global markets are "healthy-ish": No major economic black swans.
Monetary policy shifts to QE (quantitative easing): A return to liquidity-friendly environments.
💬 What is your top picks for this altseason?
This is not financial advice. Always do your own research before investing.
AudCad should follow the trend.Looking for Impulse Down.
AudCad now at Daily FVG area. I am expecting it will follow down trend to take lower liquidity. Make sure you have your own rules on RR and follow them. This is just a trading idea to help you gain better knowledge. If you have any question ask me in comments.
Learn & Earn!
Wave Trader Pro
NZDCAD Buyers In Panic! SELL!
My dear friends,
Please, find my technical outlook for NZDCAD below:
The price is coiling around a solid key level - 0.8143
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 0.8127
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
AUDJPY: Bearish Continuation
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current AUDJPY chart which, if analyzed properly, clearly points in the downward direction.
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