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📊⤴️⤴️ EURUSD VIP BULLISH MOMENTUM LONG TRADE)⤴️⤴️📊Hello trader’s what do you think about eurusd)? dear traders I think 4H trand line this week Cpi news soo I think eurusd fullback resistance levels my Postens open 01.09000 Long trade) bullish momentum) Target 1.10357) Target 1.10837) Target 1.11657) GBP/USD remained consolidative on Thursday, bid just above 1.26 and offered just above its 10-DMA at 1.2707, as traders cogitate over U.S. and UK rate pivots later this year, looking toward Friday's payrolls data and next Thursday's CPI data for clues about the timing and depth of Fed rate cuts. For now, traders are reacting to Wednesday's slightly dovish Fed minutes, which noted prior rate hikes are having their intended effect reducing inflation and growth, and near-unanimity that rates will be lower by year-end 2024. Sterling traders' reluctance to move GBP/USD out of its 1.26-1.27 range hints at consensus that both the BoE and Fed are at peak rate levels. Though futures are pricing a near-80% chance the Fed will begin rate cuts in March 2024 (0#SRA:), ahead of the BoE expected in May 2024 (0#SON3:), the near-symmetrical rate paths foreseen for the two central banks in 2024 is keeping GBP/USD anchored near current levels. U.S. jobs data on Friday could disrupt the current GBP/USD rate stasis. Should payroll and earnings data surprise to the upside, a delay in Fed cuts is likely to weigh on GBP/USD, putting multiple support levels in the 1.2630s in sharper focus. FX:EURUSD
Long
by SMC-Trading-Point
2
Coinbase Gearing Up for its next MoveHi guys! This is an Update on recent Technical developments found for Coinbase (COIN). I've successfully identified the Inverse Head & Shoulders Pattern. Check out that idea down below. We have completed the Return Rally back to test Support on the Neckline. Now ive been assessing if there are signs that we continue the Inverse Head and Shoulders with our final explosive breakout move. This analysis is done on the 1 day timeframe. As you can see we have tested and CONFIRMED Support on the Neckline. After doing so we have inched higher. Notice now, we are ABOVE the 21 EMA. With the last 3 days of candles, forming LOWER WICKS off the 21 EMA. This is a great sign of SUPPORT. We must continue to stay ABOVE the 21 EMA. Being Above the 21 EMA on any timeframe indicates that we will most likely have an UPTREND in price. Notice also the Orange Rectangle. This highlights a consolidation zone. This shows to me that we are building up momentum for our final rally of the Inverse Head & Shoulders Pattern. A confirmation ABOVE the Upper Border of Rectangle, will indicate Rally may be starting. To keep us on our toes, just remember that if price action goes BELOW the Lower Border of the Rectangle, we risk testing the Neckline again. Which is always a possibility . As long as we maintain the Neckline as Support, we good. Watch VOLUME -> We need it to start picking up for indication of the major move. This move will essentially lead to trend reversal for COIN, confirming the bottom. __________________________________________________________________________________ Thank you for taking the time to read my analysis. Hope it helped keep you informed. Please do support my ideas by boosting, following me and commenting. Thanks again. Stay tuned for more updates on COIN in the near future. If you have any questions, do reach out. Thank you again. DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. Do not use my ideas for the basis of your trading strategy, make sure to work out your own strategy and when trading always spend majority of your time on risk management strategy.
NASDAQ:COINLong
by SafofAllTrades
6
ADA ANALYSIS🔮 #ADA Analysis 🚀🚀 💲💲 #ADA was trading in a descending triangle pattern and breakout the pattern with good volume. Right now #ADA is trading in a parallel channel. The greater the consolidation, the greater is the possibility of price increase in #ADA. 📈📈 💸Current Price -- $0.3926 📈Target Price -- $0.6900 ⁉️ What to do? - We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸 🏷Remember, the crypto market is dynamic in nature and changes rapidly, so always use stop loss and take proper knowledge before investments. #ADA #Cryptocurrency #Consolidation #DYOR
Long
by ZEUS_Market_Alerts
QTUM ANALYSIS🔮 #QTUM Analysis 🚀🚀 💲💲 There is a breakout of Symmetrical Triangle Pattern in #QTUM. Currently the price is consolidating in a parallel channel. The greater the consolidation, the greater is the possibility of price increase. 📈📈 💸Current Price -- $3.211 📈Target Price -- $4.783 ⁉️ What to do? - We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸 🏷Remember, the crypto market is dynamic in nature and changes rapidly, so always use stop loss and take proper knowledge before investments. #QTUM #Cryptocurrency #Breakout #DYOR
Long
by ZEUS_Market_Alerts
A Macro Analysis of TESLA: The Case For Being Range BoundHi guys and Welcome! As a trader its empowering to overanalyze an asset you would like to trade. To think of various potential associations or the direction that price action can have or go. It reduces any surprises and allows for you to be ready and strategize adjustments. And just NOTE: That this is just an idea/ theory and it does not have to play out as mentioned but i would urge us to atleast keep this idea in the back of our heads. Things have been great this year, with many big names booming in price. Many people calling for New ALL TIME HIGHS for many names. This is also true for TESLA. But what if we don't see all time highs in Tesla? What if in fact we are range bound, hitting the top of the range only to travel to the bottom of the range for a duration of time before we attempt new all time highs. It sure is a possibility, as we have done so previously. From July 2013 till the breakout in December 2019, we managed to stay in a RANGE. (Roughly 2345 days or 6ish years). This is not a bad thing per se. It helps the asset consolidate, create market structure and allows companies to stabilize, allowing them to fulfill the desires of investor sentiment, thus moving higher eventually. If you can determine the levels of the range, it is also tradeable. More on that in future posts, as i will be monitoring TSLA like a hawk. Now looking at our current RANGE. We've gone so far 1093 days. If history is any indication, we are about almost half way through our RANGE bound journey. Note that if we are range bound, it doesnt have to mirror our previous data point. Also that Investor SENTIMENT for TSLA is different now. Also don't discount the fact that currently we are bullish in TSLA, so possibilities of seeing $400 sooner than later is likely, until proven otherwise. Could we break out or do we double top/ stay range bound? That would be the place to re-assess the situation. One major factor in my opinion to help us determine what might happen is VOLUME. I think for us to really solidfy this idea of making New ALL TIME HIGHS, volume has to continue to increase and really spike when we reach the $400, RANGE TOP. We don't want to see volume below the PURPLE LINE DRAWN, but rather have it follow the GREEN arrow. Showing consistent growth and high volume. Also another thing to watch is the RSI. NOTICE the Black trend lines drawn. When we broke out of our 2013-2019 Range, RSI broke past the Black trend line to continue into our HIGHS. Come to current time, we are quite far off the Black Trendline drawn. This is something to watch. Again, history does not have to repeat in current price action BUT it does provide data on what could potentially happen. As a trader it is important to always try to see different angles. __________________________________________________________________________________ Thank you for taking the time to read my analysis. Hope it helped keep you informed. Please do support my ideas by boosting, following me and commenting. Thanks again. Stay tuned for more updates on TSLA in the near future. If you have any questions, do reach out. Thank you again. DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. Do not use my ideas for the basis of your trading strategy, make sure to work out your own strategy and when trading always spend majority of your time on risk management strategy
NASDAQ:TSLA
by SafofAllTrades
2
Bitcoin: Thoughts and AnalysisToday's focus: Bitcoin Pattern – Range test Support – 25,600 – 25,280 Resistance – 26,080 – 27,630 Today, we have run over Bitcoin. We have broken down current price action with our thoughts on what we see over the longer-term and short-term price structure. Sellers continue to push at buyers in the short term after buyers made a quick push higher last week, and industry news continues to dominate momentum, with the USD not having such a big impact at present. Will we see buyers continue to hold consolidation and support, or could we see a new move by sellers making a new test lower? Have a great day and good trading.
EIGHTCAP:BTCUSD
by Eightcap
Is Oatly Dead? Is it going to 0?Hi Guys! This is a Technical Analysis for Oatly (OTLY), on the 3 Day Timeframe. New candle starts today So the question here is whether or not OTLY is dead and if its going to 0? It may seem like that but when "Checking underneath the hood" with TA, things become clearer and you can understand whats going on objectively with a level head. So we've come down signficantly from around the highs of $29, about a 95% drop to current prices. And its been alooooong time we've been on this downtrend, about 781 days. In my case though, the question i've been asking with Stocks such as OTLY or SPCE or BYND or CVNA (before the massive run) is whether or not there are signs of bottoming? And with such a new stock, it can be a little difficult to assess since theres not as much data points to go with. But you can still make do with what you got! We are Currently 4 RED candles in, watch the size of our current candle. IF at the CLOSE of this current candle, the body of it is small, that can be an indication of BEARISH momentum decline. Notice how we got our most recent DOWNTREND, it is due to the RED circle that indicates price hitting a convergence of Resistance: 1. the 50 Simple moving average 2. a RESISTANCE trend line from 08/2022. We are now nearing our previous low of around $1.35. Which is MAJOR SUPPORT. Notice the 2 GREEN CIRCLES -> Provided we don't breakdown below $1.35, this can be a DOUBLE BOTTOM pattern. We have to watch the next couple weeks of how we interact with SUPPORT. NOTE: This MAJOR SUPPORT hasnt had 3 touches, which in TREND theory, it states that usually a minimum of 3 touches are needed on trend lines for it to be significant. So, this can be an area we BOUNCE from in the SHORT-Term -> back to the BLACK resistance line or RED Resistance line There is also a RISK of a Descending triangle playing out, where we break below the "MAJOR SUPPORT". Measured Target would be $0.58-0.60 cent level. But again TA is about taking it 1 step at a time. To even think about this i would need: 1. Candle close BELOW MAJOR SUPPORT 2. CONFIRMATION -> In the form of candle patterns -> Re-test of the SUPPORT turned as RESISTANCE and a Rejection back down. It absolutely does not have to play out this way BUT a scenario could be that we bounce from here, test the 08/22 RESISTANCE and come back down to test MAJOR SUPPORT level. It is also possible that we MOVE SIDEWAYS (Within ORANGE Rectangle zone). With the Volume currently in a DECLINE, marked by the BLUE moving average. This means volatility will come down, leading to the probability of sideways action. Now Check out the RSI, we have printed a Lower Low. This could lead to further DECLINE of RSI. WE are also BELOW the BLACK RSI Moving average, which can be indicative of further price declines. STOCH RSI, is making its way below the 20 level. We will have to see how long we stay once we get below it and how low we actually get. Longer we stay below, higher the probability of further declines. MACD -> a momentum indicator, is currently printing RED histograms. This is a BEARISH Signal. We dont want the bars to get massively big in size. CONCLUSION: Price declines of massive proportions can be extremely scarey and a place for capitulation, where people give up. This often times leads to further decline of price. However through all that, if you stay level headed with TA, you consider or pose the question..... Yeah, but is it showing any BOTTOMING signs? OTLY is 95% from its lows, we are currently back to MAJOR SUPPORT. This can be indication of a DOUBLE BOTTOM but in my opinion, its still too EARLY to tell. Especially with indicators still showing signs of a chance for more downside. I would need to see confirmation. Stay tuned for more updates on OTLY in the near future. Thank you for taking the time to read my analysis. Hope it helped keep you informed. Please do support my ideas by boosting, following me and commenting. Thanks again. If you have any questions, do reach out. Thank you again. DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. When trading always spend majority of your time on risk management strategy.
NASDAQ:OTLY
by SafofAllTrades
PANW Cyber SectorPalo Alto Networks is a cybersecurity company that provides advanced security solutions to organizations worldwide. I don't think they're going anywhere for a while and are very established already with multiple deals and have been on point with their financials and earnings. We're looking for a break out of the consolidating 238-240 range which already happened as im typing this. huge gap down on july 12th looking for a retest to 253. If it falls below 238 it needs to hold 236 level or will retest 232.
NASDAQ:PANW
by FinesseTheWave
Lockheed Martin Closing Gap?Lockheed martin earnings play. This stock has my interest with multiple contracts with the government and missing 1 of the last 5 earnings. Lockheed is no stranger to getting multiple contracts. A lot of constant contracts coming in with government agencies and commercial airlines. For a month it has been consolidating jun-jul and recently broke out of consolidation. coming up on earnings July 18th with price targets ranging from 498 to 579 and a strong out look from 1- 5 out of 5 its sitting at a 5 for earnings beat from Earnings whispers. Im Bullish looking for at least a gap fill at $475 Trade responsible, #TradeTheWave
NYSE:LMTLong
by FinesseTheWave
2
PNB - Bullish Swing ReversalNSE: PNB is closing with a bullish swing reversal candle supported with volumes. Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been moving along the horizontal support for the past few days which is indicating demand. One can look for a 8% to 12% gain on deployed capital in this swing trade. The view is to be discarded in the event of the stock breaking previous swing low. #NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
NSE:PNBLong
by BrahmaBull31
Bank Nifty Trade Setup (26-May-2023)This will be my personal trade Setup, This is not an advice of any kind to initiate trade according to this setup. Picture is worth a thousand Words as from the chart Bank Nifty is moving between 751 points from 11th May and if traded with patience and with proper trade setups one can make profits. This will be my Trade Setup for Tomorrow: From price action we can see price is moving in Horizontal Channel and Today it made lows and took support near same zone which is previously tested as long as price don't don't this zone we have to trade within this range of 770 points. Setup will be 1.) If it opens flat nearby support is 43633 if it sustains this support on 15 mins then will look for CE Buy for nearby resistance which is placed at 43756 and then 43830. 2.) If gap down will look for price to take support at same support zone where it took support today or it's same as Today's low. and will take CE Trade from that level. 3.) If opens gap up then i will look at resistance which is 43756 and 43830 then i will look for PE Trades for nearby support zone or CPR levels. Views are on long trade if it respects this channel. maybe we can see break above this channel on last monthly Expiry :) Hit like to keep me motivated for keeping my trading journal also if you can help as Trading View is holding rewards if Ideas or Script can be listed in Editor Picks :) . also one can comment how i can make it better or any improvements i can make in my trading setups or improving this journal.
NSE:BANKNIFTYLong
by TradeInsights
2
INDIGO near the CONSOLIDATION BREAKDOWNThe price trading in tight Consolidation Range of 1800 to 1920 since last 40 days and formed the structure looks like the base formation. If price breaks the level of 1920 and closes and will sustain above the breakout level than we can see target of 1985 Which is a gap space. Gap space can act as strong resistance for the price towards the upside momentum and if price Sustain above the 1990+ level than we can head towards the target of 2055/2100/2150. If price not able to close above the 1920 and price rejection from 1920 will again make it Rangebound. Breakdown below the 1800 will leads to fall Towards the Level of 1750/1700 ✅
NSE:INDIGOLong
by Jha_Nidhi
USDJPY, Five Count Diagonal, 1hrGood afternoon, I hope everybody had a wonderful week and trading week. This week my bias has changed up a bit on the direction of where the market is going. Currently, I am leaning toward the market being in a diagonal consolidation in five wave count. Once the diagonal five wave count is complete, UJ will continue to be a dominantly bullish market. Focusing on current events, I am currently looking for a retracement back into the price zone of 132.900 area. Once or if price takes this drop, I am looking for price to shoot back up to complete wave 4 and hit price point 134.541. If you have any questions, comments, concern, or agree with my analysis, Please like, share, or comment.
Long
by NoPumpFakesFx
OCEANUSDT wants the Next Weekly structure?OCEANUSDT recently went through an accumulation phase, which took place between the price levels of 0.2982 and 0.1163. After a period of consolidation, the price eventually broke out of this accumulation range and experienced a significant distribution phase. Currently, the price of OCEANUSDT is testing the weekly support level at around $0.41. This level is a key area of support and resistance and has the potential to signal a shift in market sentiment. It is important to keep a close eye on how the price reacts to this level, as a break below it could indicate further downside movement. Looking ahead, the market will need to create a new breakout above the $0.5 area for any long continuation to occur. If this happens, we can apply Plancton's Rules, a set of guidelines for identifying potential market movements, to help guide our decision-making and potentially open a new long position. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <= 1h structure. Follow the Shrimp 🦐
O
by InkyGrip
8
GBPUSD | Perspective for the new week | Follow-upDespite a choppy situation for the GBPUSD where price action was caught with a range at 1.22500 and 1.21000, the Pound Sterling rose by 0.1% to close the week at 1.22250, and this is likely as a result of the data released earlier on Friday. At this point, I am of the opinion that the data from the macroeconomic events (Claimant Count Change & ILO Unemployment Rate) coming up in the week will have a significant impact on price movement. In this video, we reviewed the charts from a technical standpoint and decided to use the channel (1.22500 and 1.21000) as a yardstick for trading opportunities. Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
by darcsherry
4
INDIGO - Bullish Consolidation with VolumesNSE: INDIGO is closing with a strong bullish consolidation candle supported with volumes Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been consolidating for the past few days which is indicating demand. One can look for a 8% to 11% gain on deployed capital in this swing trade. The view is to be discarded in the event of the stock breaking previous swing low. #NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade Disclaimer: This is for educational purposes only.
NSE:INDIGOLong
by BrahmaBull31
1
USDJPY | Perspective for the new week | follow-up detailsThe intervention of the Bank of Japan three weeks ago appears to linger on in this market as the U.S. economy continued to add jobs at a solid rate in September. As the price continues to trade between a specific zone (145 and 144 area) in the last three weeks, we can only wait for a signal to have a trading opportunity on this pair. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) is high-risk and unsuitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
by darcsherry
3