Community ideas
What’s Flowing: AUDUSD Short (CONTD.)The AUDUSD is demonstrating a bearish breakdown, aligning with the current downward momentum. The pair has recently breached key support levels, with selling pressure increasing in the highlighted zones.
Key Observations:
1. Price Action: The pair is trading below critical resistance areas, moving toward the lower bounds of the channel.
2. Bearish Momentum: Clear signs of sellers dominating, with the price rejecting upper levels and closing near session lows.
Strategy:
Traders looking to capitalize on this movement can monitor the following:
• Short Entries: Ideal near minor pullbacks into resistance zones around 0.6480–0.6520.
• Targets: Downside levels near 0.6440 and below, depending on momentum strength.
• Stops: Tight stops above the 0.6520 resistance for effective risk management.
Stay cautious of any reversals or macroeconomic events impacting the Australian Dollar. For more refined strategies, reach out for insights tailored to managing AUDUSD flows effectively.
Daily XU & GU Updates Nov 2024Hello Traders! November was a great trading month. Markets were trending which is favorable for us traders. Glad to see gold speculation and areas of interest targeted. December is now here and I will go into my trading cave and drop more educational videos on the channel. Thanks for the support. Safe trading.
SELL EURJPY - Top Down Approach explainedTrader Tom, a technical analyst with over 15 years’ experience, explains his trade idea using price action and a top down approach. This is one of many trades so if you would like to see more then please follow us and hit the boost button.
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FET - Artificial Superintelligence Coin With BIG BIG Upside MartyBoots here , I have been trading for 17 years and sharing my thoughts on FET .
FET Is an Artificial Superintelligence Coin
FET is looking beautiful ,large bullish structure. Very nice chart for more upside.
Very similar to RSR back in 2020 which is up nearly 10x gain
Do not miss out on FET as this is a great opportunity
Watch the video for more details
GOLDSHAVYFXHUB,we shared perspective on GOLD on potential selloff, close of Friday broke support/demand floor which was an indication of sell off, by Sydney open,sellers continued from 2650 supply roof dropping price to 2626-2623. Newyork session buyers took price to 2651-2653 on retest to a broken ascending trendline and dropped 250pips to close the day.
$SNOW (Snowflake) | Christmas Came Early +1,000% ROIWe watched this name face headwinds after a bad earnings print, along with data privacy issues...
But we crafted our thesis, identified our price targets, then benchmarked this name against competitors like: NASDAQ:CRWD NSE:INFY and NYSE:PLTR (one of our biggest winners in 2024... Entry at $8/share)
This analysis positioned NYSE:SNOW for significant upside after the massive sell-off from $237 down to $108 - which was reflective of a fair-value in this market.
I loaded the boat on $150 Calls dated DEC24 & JAN26 (with additional strikes)
On the DEC24 $150 Calls - Over 1,000% ROI (closed 1/2).
What's Next for NYSE:SNOW
The answer is simple, upside.
Earlier this year, investors priced this name at a 20-30X EV/S - which was akin to perfection.
To maintain that valuation would require absolute perfection in execution, earnings expectations, and forward guides into Q1 & Q2 of 2025.
Since then, the valuation has been cut in half - even though the business has not seen a 50% revenue or growth decline.
With an equivalent peer-driven valuation, NYSE:SNOW would be priced as follows:
• $415 at NYSE:PLTR ’s valuation
• $181 at NASDAQ:DDOG ’s valuation
• $196 at NASDAQ:CFLT ’s valuation
• $228 at NASDAQ:MDB ’s valuation
Median target is $212.
(Competition Valuation Performed by: StockSavvyShay on X)
GOLDSHAVYFXHUB,we shared perspective on GOLD on potential selloff, close of Friday broke support/demand floor which was an indication of sell off, by Sydney open,sellers continued from 2650 supply roof dropping price to 2626-2623. Newyork session buyers took price to 2651-2653 on retest to a broken ascending trendline and dropped 250pips to close the day.
Microsoft - Short Term Top Formation!Microsoft ( NASDAQ:MSFT ) could create a short term correction:
Click chart above to see the detailed analysis👆🏻
Almost for the entire year of 2024, Microsoft has been moving sideways and respecting the upper channel resistance trendline. It is quite likely that we will see a correction, considering that buyers are still weak, before we then see the overall trend continuation.
Levels to watch: $350
Keep your long term vision,
Philip (BasicTrading)
Cardano - Repeating the +3.000% bullish cycle!CRYPTO:ADAUSD is creating price action like back in 2020 and we might see a rally soon.
Looking at the higher timeframes allows you to massively capitalize on overall market swings and cycles. Especially when it comes to Cardano, these cycles are pretty rewarding but also pretty predictable. At the moment, Cardano is repeating price action; we saw the same pattern playing out in 2020 and this break and retest was followed by a rally of +3.000%
Levels to watch: $0.42, $0.25
Keep your long term vision,
Philip - BasicTrading
Review and plan for 3rd December 2024 Nifty future and banknifty future analysis and intraday plan.
This video is for information/education purpose only. you are 100% responsible for any actions you take by reading/viewing this post.
please consult your financial advisor before taking any action.
----Vinaykumar hiremath, CMT
XLM | STELLAR | Can XLM go HIGHER?All the bottom feeders are pumping - XRP, XLM and ADA. This goes to show to that if it can be traded, it will be traded.
I have some thoughts on this (the unpredictability of these coins) . As they do not follow traditional market patterns, it makes them very hard to read and harder to predict - this significantly increases the risks associated in trading these coins.
I will admit I did have some XRP this cycle - but not ADA or XLM. Looking at the char prior to the pump, it was a dead coin - and there was no reason to anticipate such a huge increase.
Yesterday's update on XRP here:
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BINANCE:XLMUSDT