EUR/GBP BULLISH BIAS RIGHT NOW| LONG
Hello, Friends!
It makes sense for us to go long on EUR/GBP right now from the support line below with the target of 0.844 because of the confluence of the two strong factors which are the general uptrend on the previous 1W candle and the oversold situation on the lower TF determined by it’s proximity to the lower BB band.
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Bullish Patterns
gold idea hidden orders sitting a bit higher $$$ #BookMap "Your income is directly related to your philosophy, not the economy." — Jim Rohn
This emphasizes the importance of mindset and attitude in achieving financial success.
We have orders sitting at the the top, you probably could see them if you were using book map
so I would buy and set a trailing stop loss as price rises up
VWAP will help us enter and exit so no need to list entry and exit
THanks and out
- Trade God
Bulls have the Bears by the "Neck" - AUHere I have AUD/USD on the 4Hr Chart!
Price is now using the "Neckline" or Support of the failed Head & Shoulders the Bears were unable to finish, and pushing Higher breaking through the Falling Resistance created by the Highs of the "Head" and "Right Shoulder".
Now I believe with an on-going Rate Cut cycle about to begin for the Federal Reserve, we will start to see the Bulls undo the previous Head & Shoulders Pattern one Swing High at a time!
If Price will need to find some Support before it begins to continue further Higher, this Support can be found at either:
- The High just before the Break @ .6732
or
- Retesting the Break of Falling Resistance + FVG @ ( .6720 - .6715 )
Indicators:
- RSI Above 50
- BBTrend printing Green Bars
- Volume Delta showing Bullish presence increasing
*TP1 - .67672
*TP2 - .68236
Riding the Bull MarketBTC price in bull market with Guppy EMAS applied :
Fast emas (light blue waves) move above the Slow emas(green waves). If by any chance the price dips bellow the blue emas into the green emas that would mean a great entry to scoop before the continuation. Currently green emas sit around $46600, bellow that level make sure to start betting big on BTC.
RNDR Long Spot Position (Support Consolidation)Market Context: RNDR has been consolidating in a key area of support, providing a good opportunity to enter a long spot position.
Trade Setup:
Entry: Ladder into a long spot position in the $4.20 - $5.00 support zone.
Take Profit:
First target: $5.90 - $7.05
Second target: $9.80 - $11.00
Stop Loss: Just below $3.90
📊 This setup takes advantage of the support consolidation with defined risk and potential upside. #RNDR #Crypto #LongTrade
LINK Long Position (Consolidation Breakout)Market Context: LINK has been consolidating at support for the last six weeks, and this provides an opportunity to ladder into a long spot position with a favorable risk-reward ratio.
Trade Setup:
Entry: Enter a long spot position around $10.20.
Take Profit:
First target: $12.00 - $13.00
Second target: $16.00 - $17.00
Stop Loss: Just below $9.30
📊 This setup capitalizes on the consolidation at support with potential upside targets in a bullish market environment. #LINK #Consolidation #Crypto
DIONE 1H BULL FLAG?Potential bull flag setup on DIONE/USDT 1H TF.
A very exciting L1 project using 100% renewable energy. IMO it's one to watch going into 2025, being environmentally friendly fixes the ethical argument that crypto is bad for the environment, this could be a massive pro for the project going forward when the L1 choice will narrow down as the winners rise to the top during the adoption phase.
For now on the 1H TF there is a potential bull flag breakout LONG setup. After a strong rally price has been accumulating with Lower highs and Higher lows, compressing waiting to expend in either direction. TA suggests a bull flag should be a continuation to the upside. This would be backed up by the 1D chart where price is above the daily support & 1D 200EMA, the draw on liquidity should now be above so this suggests a bullish continuation.
For DIONE to breakout below it would have to lose the 1H 200EMA while it's in a steep uptrend. I think that would have to come from BTC nuking and with FOMC that's possible due to volatility of news events, however it is less likely than the bullish scenario IMO.
AUDNZD Breakout And Potential RetraceHey Traders, in today's trading session we are monitoring AUDNZD for a buying opportunity around 1.08900 zone, AUDNZD was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 1.08900 support and resistance zone.
Trade safe, Joe.
Philip Morris (PM) AnalysisCompany Overview: Philip Morris International NYSE:PM is aggressively shifting toward a smoke-free future, with a significant portion of its revenue now derived from reduced-risk alternatives to traditional cigarettes, such as Zyn nicotine pouches and Iqos heated tobacco devices. The company's commitment to innovation and smoke-free products is reshaping its business model and driving future growth.
Key Catalysts:
Transition to Smoke-Free Products: Philip Morris now generates 40% of its revenue from alternatives like Zyn and Iqos, underscoring the successful transformation of its product lineup toward reduced-risk products.
Zyn's Strong Performance: Zyn nicotine pouches experienced 50% growth in the U.S. and global markets. PM's focus on expanding into new regions highlights the robust consumer demand for smokeless nicotine products, enhancing its growth outlook.
Hedge Fund Confidence: Renowned hedge fund manager Stan Druckenmiller recently invested in nearly 900,000 shares of PM, indicating strong institutional confidence in the company's future trajectory and ongoing transformation.
Investment Outlook: Bullish Outlook: We are bullish on PM above the $110.00-$111.00 range. Upside Potential: The upside target for Philip Morris is set at $172.00-$174.00, driven by the growing revenue from smoke-free products, continued expansion of Zyn and Iqos, and significant institutional interest.
🚬 Philip Morris—Leading the Way to a Smoke-Free Future. #SmokeFreeFuture #ZynGrowth #InnovationInNicotine 🌱
CAD/JPY BULLISH BIAS RIGHT NOW| LONG
Hello, Friends!
Previous week’s red candle means that for us the CAD/JPY pair is in the downtrend. And the current movement leg was also down but the support line will be hit soon and lower BB band proximity will signal an oversold condition so we will go for a counter-trend long trade with the target being at 108.830.
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NZD/JPY LONG FROM SUPPORT
Hello, Friends!
NZD/JPY pair is trading in a local downtrend which we know by looking at the previous 1W candle which is red. On the 1H timeframe the pair is going down too. The pair is oversold because the price is close to the lower band of the BB indicator. So we are looking to buy the pair with the lower BB line acting as support. The next target is 87.117 area.
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SUI/USDT 1D SUI has been one of the better performing L1's and altcoins in general in the last 6 months that BTC has been chopping/ranging.
There are a few key points on the SUI chart that catch my eye:
- 1D 200EMA is now flipped bullish with a strong reaction after flipping the level, this shows buyers are confident in the project and happier to buy at higher levels, instead of waiting for a pullback for example.
- Clear Higher high and higher low structure indicating a bullish trend on the daily. Invalidations are more obvious when a structure like this is broken.
- Plenty of room to grow going into Q4, the range is clearly mapped out with key Orderblock levels that will more than likely be resistance levels and so they are the targets to take profits, hedge or de-risk while assessing where SUI will go.
With this being SUI's first Bullrun history shows the newer projects do better off in terms of ROI that's if they survive, from what we have seen so far this cycle I believe SUI will be a strong project going forward.
Btc Long Scalping📊 BTC/USDT Analysis 🤑
Taking a deep dive into Bitcoin's latest price action, here's my latest chart with key support and resistance zones, trendlines, and potential entry/exit points.
🚀 Technical Overview:
🔹 Major Support:
🔹 Major Resistance:
🔹 Current Trend:
💡 Key Insights:
Breakout Alert: Keep an eye on the resistance at , a breakout could signal a strong rally.
Risk Management: Watch for support at to protect downside risk.
Volume Trends: An increase in volume could support the next move, bullish or bearish.
What do you think? Drop your thoughts below and let’s discuss potential scenarios for Bitcoin in the coming days! 👇 #BTCUSDT #CryptoAnalysis #Bitcoin
SP500 Can Break To All-Time Highs After A Triangle ConsolidationBack in August the SP500 turned down for a deeper correction back to 5k area, at the same time when drop on all major indexes and some big cap names were pretty aggressive. However, there was a huge spike in VIX (not shown on this chart), so it must have been a lot of fear involved, which after initial selling shows extreme pessimism and that's when the market tends to stabilize, when least expected.
Well, what is most important is that we have seen some stabilization through most of the second part of August, but notice that the index did not reach new highs; it turned down at the start of the September, after moving up to 5655 area. So, we think that recent drop to 5400 area is actually subwave (C), ideally part of a complex correction, possibly a triangle in wave 4. Especially because of a recent turn up, that looks like a wave (D), so be aware of a slowdown in wave (E), which is still missing based on basic structure of a triangle pattern.
Anyhow, we think that sooner or later index will break to a new highs, ideally after FED rate decision.
Forming a nice double bottom on WFC! 🔉Sound on!🔉
Thank you as always for watching my videos. I hope that you learned something very educational! Please feel free to like, share, and comment on this post. Remember only risk what you are willing to lose. Trading is very risky but it can change your life!
Good Opportunity to Open AMD positions at these price ranges Simply I am buying NASDAQ:AMD at 133 and waiting to sell my positions with about 35% up and expecting to rise up from the current price ranges which is 132
The company is making a good growth QoQ and YoY and now it is in a good Demand zone
My Target is 187$
Stop loss is any daily close below 122$
This is my personal trades and it is NOT a financial advise
Leave a comment about what you think
16/09/24 Weekly outlookLast weeks high: $60,638.89
Last weeks low: $54,371.86
Midpoint: 57,505.38
Bitcoins price action mirrored that of the week that proceeded it, with a steady climb from the start of the week, peaking on Friday close, witha weekend sell off to end the week. Looking at the chart the Midpoint needs to hold if there is a chance of continuing the rally beyond $60,000. I could see price action being nervy until the FOMC in midweek.
Last week we saw BTC go through multiple news events such as CPI, PPI in the US but also the ECB rate cut decision. The European central bank cut the interest rate from 4.25% to 3.65%, a cut of 60bps.
This news has flown under the radar in my opinion, not many people are reporting on it could play a part in the FEDs decision on Wednesday. So far the rate cut looks to be a 25bps reduction from 5.50% to 5.25%. That leaves the US significantly higher than Europe and so in theory Europe would have the opportunity to be more risk-on than America as credit is cheaper.
I would think that the US wouldn't like this and would seek to do something about it, that something would be a bigger cut, a 50bps cut closer to the ECB would bring the US more inline. Naturally this being the beginning of the rate cut cycle it's a marathon not a sprint and although the ECB started out strong the cuts may taper off sooner than the US, that's a whole different story but for this week this is the big focus.
CHF/JPY BULLS WILL DOMINATE THE MARKET|LONG
Hello, Friends!
We are going long on the CHF/JPY with the target of 168.925 level, because the pair is oversold and will soon hit the support line below. We deduced the oversold condition from the price being near to the lower BB band. However, we should use low risk here because the 1W TF is red and gives us a counter-signal.
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