GBPAUD Long trade idea4H chart:
Bears seam to be weak.
Corrective approach towards entry zone.
= Buy limit set.
1% risk.
Supportandresistancezones
Buy CHFJPY Triangle BreakoutThe CHF/JPY pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours.
Possible Long Trade:
Entry: Consider Entering A Long Position Above The Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 175.24
Target Levels:
1st Resistance – 175.82
2nd Resistance – 176.10
Stop-Loss: To manage risk, place a stop-loss order below 174.50. This helps limit potential losses if the price falls back unexpectedly.
Opportunity Breakdown:
Triangle Breakout: Price action recently broke above a bullish triangle, a continuation pattern suggesting further upside potential.
Retest Confirmation: The price has retested the broken resistance line of the triangle and held, indicating strong buying pressure. This retest adds confidence to the breakout.
Ichimoku Cloud Support: The current price sits comfortably above the Ichimoku cloud, a technical indicator that often signals bullish momentum when the price is above the cloud.
Thank you.
HAMUSDTsee and watch :)
Hamster :) Looks like it's ready for something big... don't forget it's a hamster :)
Next Week's IWM, 21 Day Pivot Standard Deviation RangeLooks like the medium term bias is to the downside for small caps, as we see the weekly pivot (red solid line) fall below the monthly pivot (dark solid line) with AMEX:IWM closing below both.
Both deviation boxes represent two standard deviations above and below the a moving monthly pivot. We may see demand in the lower deviation range if we fall to start off the week.
A rally to start of the week will likely be met with resistance from our pivot points and a fresh downward move from the 21 day moving average.
Investors that want to take advantage of this medium term bias could short volatility in the short term (June/July) for IWM using AMEX:TZA but bet bigger on long volatility in the longer term (September/January2025).
Take any short term gains to the upside and hold onto your short thesis heading into the second half of the year, into 2025.
IMX Targets $1.89IMX has lost support and is now trading below the Value Area Low, signaling a selling imbalance. The next area of support (Demand Zone), sits at $1.89. With a nice reaction from that level, a solid bounce and follow.
Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade.
Every day the charts provide new information. You have to adjust or get REKT.
Love it or hate it, hit that thumbs up and share your thoughts below!
This is not financial advice. This is for educational purposes only.
GBP/USD: 350 Pips Sell from Third Trend Line BounceGBP/USD is in the midst of a compelling sell-off following its third bounce off a critical descending trend line on the daily chart, reinforcing a strong bearish trend purely through price action. The pair has started its descent from the 1.2850 area and is expected to plummet 350 pips, targeting the 1.2500 level. This classic technical setup underscores the power of trend line resistance in dictating market direction. Jump into this move to capitalize on the ongoing momentum, aiming for significant gains as the price heads towards the key support zone!
MBLY manufactures autonomous driving components LONGMobileye Global Inc. (MBLY) operates in the Automotive - Original Equipment sector1. The company specializes in developing and deploying advanced driver assistance systems (ADAS) and autonomous driving technologies and solutions worldwide They offer a range of products, including safety features for real-time detection of road users, cloud-enhanced driver assist solutions, and self-driving systems for various road types
MBLY on a 180 minute chart shows up and down trending in the past 3-4 months. A support level
is identified in the $24-25 range. Price is currently rising above support with an increase in
relative volume similar to that of late February and Early March.
The Awesome oscillator is green and positive at this time.
The volume profile shows a low volume overhead demonstrating little volume resistance to an
overhead move higher.
I will take a long trade here seeking those targets in the upcoming 1-2 months.
I have identified targets of 41 and 45 based on pivots in 2023.
I will take a long trade here
Bulls and Bears zone for 06-06-2024S&P has been moving upwards this week and made a New ATH yesterday. Any test of yesterday's Close could provide some direction for today.
Level to watch: 5364 --- 5362
Sell USD/CHF Bearish PennantThe USD/CHF pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Bearish Pennant pattern. This suggests a shift in momentum towards the downside in the coming Hours.
Key Points:
Sell Entry: Consider entering a short position around the current price of 0.8915, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 0.8862
2nd Support – 0.8825
Stop-Loss: To manage risk, place a stop-loss order above 0.8970. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Thank you.
Euraud short at resistance h1Hi traders, Euraud rejected from a solid resistance level as marked, so a fall to the next support zone at 1.6330 is expected. Note proper money management!
Safe trading!
Buy GBP/USD Triangle Breakout The GBP/USD pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours.
Possible Long Trade:
Entry: Consider Entering A Long Position Above The Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 1.2796.
Target Levels:
1st Resistance – 1.2835
2nd Resistance – 1.2858
Stop-Loss: To manage risk, place a stop-loss order below 1.2750. This helps limit potential losses if the price falls back unexpectedly.
Opportunity Breakdown:
Triangle Breakout: Price action recently broke above a bullish triangle, a continuation pattern suggesting further upside potential.
Retest Confirmation: The price has retested the broken resistance line of the triangle and held, indicating strong buying pressure. This retest adds confidence to the breakout.
Ichimoku Cloud Support: The current price sits comfortably above the Ichimoku cloud, a technical indicator that often signals bullish momentum when the price is above the cloud.
Thank you.
Sell EURAUD Channel BreakoutThe EUR/AUD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours.
Key Points:
Sell Entry: Consider entering a short position around the current price of 1.6336, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 1.6282
2nd Support – 1.6242
Stop-Loss: To manage risk, place a stop-loss order above 1.6390. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Thank you.
USDJPY will continue bearish ?I see a bearish trend on USDJPY, marked by the price below the 200 EMA in black, and currently the price is entering the RBD Rally Base Drop supply area, I see the price will continue its decline, if you take 1: 2 from the SL plan, this is quite realistic. Happy Trading.
The risk of profit and loss is not our responsibility. This is not financial decision advice. Secure your account whit Stop Loss
Possible entries to a Liverpool LongThis seems like a great buying point, looking at all the technicals, it would be hard for price to keep pushing down. However, the moving averages do tend to work as resistance and support, so it could be possible for price to drop there. However, It's unlikely price will continue to move down by much. And if so, price is likely to keep on rising. As this company has proven to be a go-to store for Mexicans looking for presents during the holidays, special events, sports gear and many others. Despite big competitors, this brand has lasted the test of time.
Amazon - Two trading setups!Hello Traders and Investors, today I will take a look at Amazon.
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Explanation of my video analysis:
In 2020 Amazon stock created massive resistance roughly at the $180 level and started a major correction away from the resistance in 2022. As we are speaking Amazon stock is once again retesting this major resistance level and is therefore at a quite decisive inflection point. Either we will see a breakout or another rejection after which we could then see the overall continuation towards the upside.
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Keep your long term vision,
Philip (BasicTrading)
BOME Trading ScenarioThe asset price chart has completed the correction from the $0.018578 level to the $0.007099 level, which represents more than 60% of the correction.
Currently, the asset is trading within the ascending trading channel, pushing away from the sloping support and resistance levels.
The volume profile indicates that participants continue to demonstrate interest in continuing the ascent within the channel.
Touching and rebounding from the sloping support level may be an optimal entry point for a position that will continue to grow, with a probability of subsequent breakdown of the sloping resistance level and continued upward movement.
Good results for B&MThe market seems to have recieved B&M's results positively. The fall in reported profit was expected.
Technically this week could provide a launching pad for it to break to the upside from its weekly 50 ema.
This is not a recommendation. Trade your own plan and make decisions based on your own research.
GOLD SHORTPrices Already on Resistance!!
If Market Crash Price can go higher up to $2900 (I mean 20% rally).
or Opposite, It come down to $2100 to $2000 level
It will provide a bearish divergence signal shortly. Keep an eye on it, but make a trade plan in advance.
A surge in the US dollar and Treasury yields also brought down the price of gold.
Central Banks are adding gold to their reserves.
Decresing Tick Volume
No matter the asset, investing always involves some risk, but savvy investors usually recognize the value of seeing openings during market downturns.
Furthermore, investors now have a compelling opportunity to diversify their holdings, protect themselves from market fluctuations, and maybe profit from a price comeback thanks to the recent drop in gold prices that occurred on April 25.
But before making any financial decisions, including adding gold to your portfolio, it's imperative that you carry out extensive study and evaluate your needs, goals, and risk tolerance.
"Escalating geopolitical risks significantly bolster gold as hot and cold conflicts, and a record number of elections this year, keep the risk thermometer high," HSBC was quoted as saying by Reuters.
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**First Scenario - Long:**
If Market Structure breaks on Daily TF and retest at 61.8%
Initial Target: $2900
Entry: $2390
Stoploss: $2325
**Second Scenario - Short:**
Initial Target: $2080
Entry: $2415
Stoploss: $2441
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Take into consideration:
Psychological Resistance at $2900
Psychological Support at $2050
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Price already in my area of value, just waiting for the market to tell me to get in on a sell.
NFA
DYOR
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Good Luck!
⚠️Caution: Just because I've set my buy and sell position Settings or drawn direction lines on my chart doesn't indicate I've opened a position or am obsessed with a particular bias. This is only a forecast; I don't trade when the price reaches my level; I have rules of engagement. Perhaps the most crucial element is 🆘RISK MANAGEMENT🆘.
Fibo gives important levels for the Election rally. Election rallies can be considered as Bull Rallies on Dope they are extremely fragile at the same time they can break all the resistances in their way like a mad bull in rage. Expecting an extremely volatile day tomorrow. But space to grow on upper side is very limited. The RSI indicating market is close to becoming overbought but an election result which market expects can further the boundaries.
Important Resistance levels: 23338 and 23537.
Important Support levels: 23109, 23058, 22806 and 22559. Tipping point into bear territory will be a closing below 22417.
Sell EURUSDThe EURUSD pair has rejected the resistance zone at least four times and is now indicating a potential reversal to the downside. The price action on the EURUSD chart is showing signs of exhaustion as it struggles to break above the resistance zone. Traders are closely monitoring the key support levels for any potential breakdown, which could lead to a shift in market sentiment towards a bearish outlook.
DISCLAIMER
The signals provided by LeoDante_FX are for informational purposes only and do not constitute investment advice. We do not guarantee the accuracy, completeness, or timeliness of the signals, and we are not responsible for any losses or damages arising from the use of our signals.
USDCHF at Support LevelThis currency pair is at a support level. Prices had rejected that zone several times.
Although the structure looks like a head and shoulder pattern, the support level hasn't been broken yet therefore an opportunity to buy is the best choice.
The profit target should be the first resistance level.
DISCLAIMER
The signals provided by LeoFX are for informational purposes only and do not constitute investment advice. We do not guarantee the accuracy, completeness, or timeliness of the signals, and we are not responsible for any losses or damages arising from the use of our signals.
