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USD/JPY 4H Timeframe AnalysisUSD/JPY 4H Timeframe Analysis Trend Analysis: The USD/JPY pair is currently in an uptrend, having successfully broken key minor resistance levels, including 156.800, which has now turned into support. This break signals the continuation of bullish momentum, confirmed by the formation of higher highs and higher lows. Recently, the pair broke the 157.500 minor resistance, further indicating that buyers have stepped in. The price action is now moving towards the next major resistance level at 160.900. Additionally, price action has shown signs of manipulation or liquidity grabs at key levels. The price briefly dipped below support, hunting stop losses before reversing direction. This has set up the potential for a continuation of the uptrend, as the market clears out stop losses and accumulates liquidity for the next leg up. Price Action Expectation: We are observing liquidity being formed below the 156.800 support level. We are now waiting for a breakout above 157.500 to confirm the continuation of the bullish trend. The plan is to place a buy stop order at 157.690, just above the minor resistance, to enter the market once this level is broken. A stop loss will be placed below the liquidity zone at 156.500, a strategic location to manage risk. Trade Setup: Trade Type: Buy Stop Entry Price: 157.690 (just above the minor resistance after a breakout) Stop Loss: 156.500 (below the liquidity zone) Take Profit: 160.900 (next minor resistance level) Additional Considerations: The current bullish setup remains valid, but traders should be cautious of any potential reversal signs if the price fails to break above 157.500. If price action shows signs of rejection at these levels, a shift in trend could occur. Monitoring any significant news events or economic releases will also be important to avoid unexpected market moves. Conclusion: The USD/JPY pair is showing strong bullish momentum, supported by the technical breakout of key resistance levels. As the price moves toward the next resistance at 160.900, careful risk management is crucial. Traders should be prepared for possible pullbacks or consolidations around key levels while maintaining a focus on trend continuation. Economic events and market sentiment can still influence the strength of the USD against the JPY, so staying alert to these factors is essential.
Long
by RebornFXTrader
RELIANCE : BET ON FNO AND SWINGTechnical Analysis of Reliance Industries on 1-Hour Chart Overview of the Chart The chart represents Reliance Industries on the 1-hour timeframe , highlighting key concepts such as CHoCH (Change of Character), demand zones, and the golden retracement zone. Tools Used: Price Action : Key highs/lows, retracement zones. Demand Zones : Mitigated demand areas. Golden Retracement Zone : Optimal entry for Wave B based on Fibonacci levels. Swing Target : Projected target for Wave C. Key Levels and Concepts Explained Extended Retracement Zone (Deep Retracement): ₹1,261.20 – ₹1,252.70 This zone marks a potential support area for buyers after a correction in Wave A to B. Buying Tip: Look for reversal signs in this zone. Stop Loss: Below ₹1,252.70 to manage risk effectively. Golden Retracement Zone (Wave B): ₹1,241.30 – ₹1,261.20 Located at the 61.8% Fibonacci retracement level, a high-probability area for a reversal upward. Buying Strategy: Enter within this zone if price shows bullish signs like engulfing patterns or pin bars. Stop Loss: Just below ₹1,241.30. Target: Swing high at ₹1,341 – ₹1,354 (Wave C). CHoCH Zones: Failed CHoCH: Price rejected near ₹1,273.75 and corrected lower. Demand Zone: Strong demand needs to emerge at ₹1,261.20 for a reversal upward. Tip: Look for bullish confirmation near demand zones or the golden retracement. Swing Target Zone: ₹1,341 – ₹1,354 Represents the projected target for Wave C if the retracement zone holds. Partial Profit Tip: Book profits near ₹1,341 – ₹1,354 and trail stops for further upside. Stop Loss Strategy Stop Loss on Failure: Below ₹1,241.30. If price closes below this level, the bullish setup is invalid, and traders should exit to limit losses. Buying Tips at Key Levels Primary Buy Zone: ₹1,241.30 – ₹1,261.20 (Golden Retracement) Look for bullish confirmation like pin bars, engulfing candles. Stop Loss: Below ₹1,241.30. Target: ₹1,341 – ₹1,354. Aggressive Buy Option: ₹1,261.20 Scale into positions near mitigated demand with tight stop losses. Key Observations Wave Structure: Price is in Wave B (corrective phase), aiming for an upward Wave C. Demand Zone: Buyer defense at the golden retracement confirms bullish outlook. Risk Management: Always use stop losses to avoid significant drawdowns. Summary of Key Levels Key Levels Actions ₹1,241.30 – ₹1,261.20 Buy Zone (Golden Retracement) Below ₹1,241.30 Stop Loss ₹1,341 – ₹1,354 Swing Target Zone By following this plan, traders can align with price structure, optimize risk-to-reward, and trade effectively.
NSE:RELIANCELong
by LiveTradingBox
BITCOIN Long Position This chart analysis focuses on the BTCUSD pair on a 15-minute timeframe. Below is a detailed breakdown of the key elements: ### **Key Observations**: 1. **Trendline and Pattern**: - There is a clearly drawn ascending trendline (black) that shows an upward bias in the market's overall structure. - The price has been respecting this trendline, indicating strong buying pressure at the lower levels. 2. **Resistance Level (108,276)**: - A horizontal blue resistance line at 108,276 marks an important level. A breakout above this resistance with a **green candle closing above** is a key signal for entering a long position. - Historically, this level has acted as a significant barrier, rejecting price movement multiple times (seen with price failing near this level). 3. **Support Zones**: - The green and red shaded regions between approximately **99,358–96,122** act as demand zones. These areas have historically attracted buying interest, with clear evidence of price bouncing from these levels. 4. **Trade Setup**: - A **long position is planned** if the price breaks above the resistance (108,276) with confirmation from a candle closure. - The potential trade includes a favorable **risk-to-reward ratio** indicated by the green (profit zone) and red (stop-loss zone) regions. ### **Technical Indicators**: - **Double Bottom Formation (Bullish Reversal)**: - Two circled regions (around 96,000) suggest a double bottom, signaling potential upward momentum. This strengthens the bullish bias. - **Historical Resistance Retests**: - Price has tested the horizontal resistance multiple times, indicating its strength. A breakout will likely lead to a significant move higher. ### **Risk Management**: - **Stop Loss**: - Positioned below the recent swing lows near **96,832** to protect against invalidation of the bullish setup. - **Take Profit**: - Potential targets are identified using Fibonacci levels or prior resistance zones, with the first target at **109,208**, aligning with the higher trendline. ### **Final Notes**: - The setup relies heavily on price action. Ensure confirmation of the breakout with strong volume before entering the trade. - Monitor BTCUSD fundamentals or macroeconomic events that may influence volatility during this period. this is not trading advice .. trading is risky
BITSTAMP:BTCUSDLong
by amerjaradat
BTC SHORT TO $94,760Finally some clarity from BTC, well worth sitting on our hands for a short period. We created a short term down trend with multiple confirmations (SMA break and rejection, LL's & LH's etc) a retracement back to the golden ratio and a rejection from a major key level has resulted in some bearish momentum for BTC and all correlated markets. We'll se how this plays out as exhaustion will play some restriction in the momentum BTC can hold although i do think the target / 61.8% retracement level will be met of $94,760 Also currently waiting on BTC to produce a new LL on the 1H time frame so lets see how that pans out. I have moved stop to $11,065 to lock in 1.5% as we've been out the market for a few days. P.S, sorry slightly late on posting this idea
COINBASE:BTCUSDShort
by h77nry
1
SOL: Massive Bull Flag Formed!Now is the time to keep a close eye on SOL! A break above the bull flag could happen anytime now! If you're looking to trade SOL at the moment, here's a quick setup that you might find helpful! The idea is: Buy when the price breaks above $233 and take profits at the levels shown in the chart. Targets: 1. $240 2. $245 3. $251 4. $260 ------------------------------------------- About our trades: Our success rate is notably high, with 10 out of 11 posted trade setups achieving at least their first target upon a breakout price breach (The most on TW!). Our TradingView page serves as a testament to this claim, and we invite you to verify it!
Long
by MBM_Crypto
4
XRP: Bullish continuation imminent! XRP has been on a massive upside move, and currently, the price is cooling off in a falling wedge pattern! If you're looking to trade XRP at the moment, here's a quick setup that you might find helpful! The idea is: Buy when the price breaks above $2.51 and take profits at the levels shown in the chart. Targets: 1. $2.6 2. $2.7 3. $2.8 ------------------------------------------- About our trades: Our success rate is notably high, with 10 out of 11 posted trade setups achieving at least their first target upon a breakout price breach (The most on TW!). Our TradingView page serves as a testament to this claim, and we invite you to verify it!
Long
by MBM_Crypto
18
SANDUSDT - LONG IDEAHello Traders, Here’s a new analysis on SAND/USDT, as the stop-loss from the previous idea was triggered. Currently, the price has entered a well-defined zone that has been subject to multiple rejections and retests over the past weeks. However, it is also reacting to a key confluence area, rejecting both an important trendline and the 0.618 Fibonacci retracement level (at 0.59). For now, we’ll monitor the daily candle close to assess whether there’s a solid opportunity to open a long position. If this pivot level is breached and a Break of Structure (BoS) begins to take shape, the more prudent approach will be to wait for the price to drop toward the 0.48 region before considering a long entry.
Long
by Speedrei-FRX
1
Bearish drop?NAS100 has reacted off the resistance level which is a pullback resistance and could drop from this level to our take profit. Entry: 21,414.83 Why we like it: There is a pullback resistance level. Stop loss: 21,813.15 Why we like it: There is a pullback resistance level. Take profit: 20,774.05 Why we like it: There is an overlap support level that lines up with the 78.6% Fibonacci retracement. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
VANTAGE:NAS100Short
by VantageMarkets
Gold - Starting A Major -25% Correction!Gold ( TVC:GOLD ) is starting to reject resistance: Click chart above to see the detailed analysis👆🏻 After rallying an incredible +35% during 2024, Gold is now (finally) starting to show some expected weakness at a major resistance trendline. Following this quite significant overextension, it is quite likely that we will see at least a short term bearish correction now. Levels to watch: $2.700, $2.000 Keep your long term vision, Philip (BasicTrading)
TVC:GOLDShort
by basictradingtv
8