USD/JPY Delivers Exactly as Predicted—Next Stop: 161.92?Daily Context:
The daily timeframe continues to respect the bullish structure, with strong upward momentum intact. We’ve successfully broken the last high, achieving the medium-term target of 156.74. My long-term target of 161.92 remains firmly in place, aligning perfectly with the broader trend.
4H Perspective:
The market played out exactly as we talked about in the last analysis. After the accumulation phase, the breakout was clean, and the price delivered a strong markup, reaching 156.74. This perfectly confirms the bullish shift we anticipated following the distribution phase and validates the daily demand zone as a solid foundation for upward movement.
Updated Trade Plan:
Now that 156.74 has been achieved, I’ll monitor for a potential pullback into the 155.50–156.00 zone for a continuation setup.
If the bullish structure holds, the next target remains 161.92, which aligns with the higher timeframe trend.
💡 Key Takeaway:
Patience and structure-based trading paid off here—once again, the market delivered exactly as expected. The most important thing is to trade markets with clear context and solid setups. Stay focused, and let the market come to you!
Bullishtrends
XAU/USD H4The XAU/USD pair appears poised for a bullish trend in the near future. After a brief pullback to retest a key support zone and trendline, it is expected to resume its upward momentum, presenting an excellent opportunity for long positions. Traders should monitor these levels closely for confirmation of the trend continuation.
NZDCAD Technical Analysis: Bullish Trend Remains IntactHello traders,
I can see that the NZDCAD pair is currently trading at 0.82634, maintaining a bullish trend as price action consistently forms higher highs and higher lows. After a temporary correction from Friday's high of 0.83107 to 0.82495, the pair appears to have resumed its upward trajectory, targeting a breakout above the previous high.
Key Observations
Trend: Bullish, with a series of higher highs and higher lows.
Momentum and Sentiment: Both indicators support the bullish outlook, reinforcing expectations for continued upside.
Key Levels:
Immediate Resistance: 0.83107 (Friday's high)
Invalidation Point: A break below 0.82428 would negate the bullish scenario and signal potential downside risk.
Conclusion
The overall outlook for NZDCAD remains bullish, with momentum and sentiment aligned for a continuation higher. A sustained break above 0.83107 would confirm the bullish trend, while a move below 0.82428 would call for a reassessment of this view.
Do let me have your take.
Cheers and happy trading.
Googling Gains: Long Trade Insights for AlphabetNASDAQ:GOOGL is a MUST HOLD for future gains.
Following up on last week's call, price did hit our ideal entry point and we are now long and strong. Stop loss has been re-adjusted at break even. Any bystanders, below is the ideal entry STRATEGY
Bullish time at mode trend has just been confirmed.
* Expiry is set for the end of November
* Targets of $189 and $201's at first.
* Ideal entry DCA low $170’s
* Stop at $169
Range breakout | Impulse of bull starthi Traders,
1. The swing formation is solid
2. BEL has taken the ascending trend line support.
3. The the range bound is weekly has broke upward, leading to impulse wave of bull trend.
4. Projected Target 1 and Target 2 with 20% and 40% returns from the CMP with 1:81 and 1:4.01 risk reward ratio respectively.
LONG: Mahindra & Mahindra on the Rise: Targeting New Highs!🔍 Technical Analysis Report: NSE:M_M
Current Overview: 📈 NSE:M_M have shown a strong reversal from its recent low of ₹2,665.55. This recovery is significant as it has crossed the 0.382 Fibonacci retracement level, with the highest reference point being the level 1 Fibonacci at ₹3,214.95.
Key Observations:
Volume Analysis: Over the past 3-5 trading days, the stock has displayed consistent positive volume, indicating sustainable upward movement. 📊🔼
Critical Resistance: Since mid-June, the stock has been approaching a key resistance level. It briefly breached the 0.5 Fibonacci level yesterday but closed near the 0.382 Fibonacci level. 🚧
Price Movement: Today, the stock opened around the 0.382 Fibonacci level at ₹2,827.10 and is inching upwards. 📈
Technical Indicators:
MACD Analysis: The current MACD (Moving Average Convergence Divergence) shows an impending buying crossover. If market conditions stay favorable, we anticipate the MACD histogram turning green tomorrow, reinforcing the bullish trend. 🔄🟢
Target Levels:
🎯 First Target: ₹2,942.15
🎯 Second Target: ₹3,005.10
🚀 Extended Target (if resistance is broken): Around ₹3,100.00
Risk Management:
Primary Stop-Loss: ₹2,800.00 to protect against downside risk. ⚠️
Extended Stop-Loss: ₹2,720.85 for those accommodating broader market volatility. 📉
Conclusion: 🟢 If M&M opens in the green tomorrow, this will confirm the buying trend, potentially reaching the target levels mentioned above. However, cautious trading is advised, particularly around the set stop-loss thresholds, to manage inherent market risks effectively. ⚖️
#Hashtags: #MahindraAndMahindra #StockAnalysis #TechnicalAnalysis #FibonacciLevels #MACD #TradingInsights #StockMarketIndia #BullishTrend #InvestmentStrategy #RiskManagement #FinogentSolutions
Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Trading and investing involve significant risk, and you should conduct your own research or consult with a financial advisor before making any investment decisions.
Deepak Nitrite Stock Chart
Ascending Channel: The stock has been trading within an upward-sloping channel since late 2023, making higher highs and higher lows, which indicates a strong long-term uptrend. The price recently tested the lower boundary of the channel and has shown signs of a rebound.
Triangle Breakout: A bullish breakout has occurred from a symmetrical triangle pattern, suggesting renewed upward momentum. The stock has surged by over 20.26% from the breakout point, confirming the pattern. The breakout targets are around ₹3,562 based on the height of the triangle projected from the breakout.
MACD: The MACD indicator shows a bullish crossover, with the MACD line crossing above the signal line, which is a strong confirmation of positive momentum.
Key Support Levels:
₹2,800: This level aligns with the lower boundary of the channel and has acted as strong support.
₹2,600: A previous low that provides additional support in case of any pullback.
Resistance Levels:
₹3,095: A key resistance level to watch, previously tested and failed.
₹3,562: The price target projected from the breakout.
Volume: Volume has been rising since the breakout, further validating the upward move and adding confidence to the bullish outlook.
Conclusion:
With the recent breakout and strong upward momentum, Deepak Nitrite shows a bullish trend. Investors should watch for a retest of support levels near ₹2,800, while upside targets point to ₹3,562. The long-term trend remains positive as long as the stock holds within the ascending channel.
BITCOIN BULLMARKET📊 In technical analysis, the most important time frame is always the highest one. For Bitcoin, it’s the yearly time frame.
🔴 Historically, after a red yearly candle, Bitcoin follows with three green ones. Don’t be swayed by macroeconomic fears or geopolitical conflicts.
🚀 The Bitcoin bull market is here, ticking like a time bomb. Any moment, it could explode, and the crypto market will follow.
🎯 Protect your capital, invest with a solid entry/exit plan, and manage risk wisely. Success comes from discipline and executing your plan to the letter.
Ethereum Long-Term Outlook: Bullish Breakout PotentialThis chart of Ethereum (ETH/USD) on the weekly timeframe indicates a significant bullish potential in the medium to long term. The price action appears to be consolidating within a symmetrical triangle pattern that began forming in early 2022. Typically, symmetrical triangles are neutral patterns, but given the prevailing bullish trend leading into this formation, a bullish breakout seems more probable.
Key Observations:
1. Symmetrical Triangle Pattern: The price has been making higher lows and lower highs, indicating a compression that is characteristic of a symmetrical triangle. A breakout is anticipated, which could result in a strong upward move.
2. Volume Profile Support: The volume profile to the right shows significant accumulation in the current price range, suggesting strong support and potential for an explosive move once the price breaks out of the triangle.
3. RSI Bullish Signals: The Relative Strength Index (RSI) is also showing bullish signals, bouncing from the oversold territory multiple times. Each time, the RSI remains above the key level, indicating sustained buying pressure even during pullbacks.
4. Previous Major Resistance Levels: The yellow trendline above marks the previous high, which will act as a strong resistance level. A break above this level could propel Ethereum towards the upper resistance channel, potentially aiming for the $13,000 range, which is aligned with historical resistance and the projection from the triangle’s height.
Prediction:
If Ethereum can maintain support within the triangle and break above the upper trendline, we could see a sharp move towards the $13,000 to $13,500 range. This would represent a substantial gain from current levels and could be the beginning of a new major bullish cycle. However, traders should watch for volume confirmation on the breakout and be cautious of potential false breakouts.
Disclaimer: This is not financial advice, and all trades should be made based on your own analysis and risk tolerance.
BANKNIFTYHi guys,
In this chart i Found a Demand Zone in BANKNIFTY CHART for Positional entry,
Observed these Levels based on price action and Demand & Supply.
*Don't Take any trades based on this Picture.
... because this chart is for educational purpose only not for Buy or Sell Recommendation..
Thank you
(DXY) Dollar - Break out pending from its consolidationThe DXY is currently in a consolidation phase, and I expect it to break out soon. Regardless of the direction, we have marked points of interest (POIs) that will help us capitalize on trading opportunities.
- Scenario 1: Price Breaks Upwards
If the price breaks above the consolidation, I anticipate it will fill the imbalance and tap into the supply zones marked on the 30-minute and 8-hour charts.
- Scenario 2: Price Breaks Downwards
If the price moves down, I expect it to mitigate the 16-hour demand zone. This zone appears to be a strong buy setup, likely pushing the dollar back up. There’s also an imbalance above this demand zone that needs to be filled.
Overall, I am favoring an upward move, as this aligns with my bearish outlook on GOLD, EUR/USD, and GBP/USD.
Could we have bottomed early?Local maximums don't tend to follow the pattern of respecting overextensions like minimums do. This is mostly based on the positive bias people have of the future. Seeing a close this strong is a strong enough sign for the indicator of short term trend to become positive. If this is true then we should start pushing to new high, but if the market does so it risk overextending again but with the coming elections one could expect for the incumbent party to try to inflate stocks to have strong image heading into the polls. But by doing so it creates a high risk of over estimulation which could result in a time of euphoria followed by a crash. It's been 4 years since the 2020 crisis. The mode for recessions is every 3 to 4 years. If technicals begin to overextended and fundamentals to keep up, we might be headed to a new crisis. Technicals need to reset before going forward.
Monday Funday Premium XAUUSD idea $$$Gold is shining bright as it rides a bullish wave, fueled by geopolitical tensions and economic uncertainty. Technical indicators are pointing upwards, hinting at more potential gains. Day traders can hunt for buying opportunities during pullbacks, but must tread carefully in gold's volatile waters.
Entry: 2333.19
SL: 2328.31
Target 1: 2337.21
#Gold #Daytrading #bullishtrend #technicalAnalysis #safe-havenasset #xauusd
#signal #stoploss #takeprofit
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XAUUSD Bullish Trend - All-Time HighOverview:
XAUUSD (Gold/US Dollar) is currently experiencing a strong bullish trend, marked by consistent upward momentum and robust buying pressure. This bullish sentiment is underscored by the recent attainment of an all-time high price level.
Key Indicators:
Price Action: XAUUSD has been steadily climbing, forming higher highs and higher lows, indicating a clear uptrend.
Moving Averages: Short-term moving averages (e.g., 20-day SMA) are positioned above longer-term ones (e.g., 200-day SMA), signaling bullish momentum.
Volume: Trading volume has been increasing alongside price gains, reflecting heightened investor interest and participation in the market.
MACD: The MACD (Moving Average Convergence Divergence) indicator shows a bullish crossover, with the MACD line rising above the signal line, suggesting upward momentum.
RSI: The Relative Strength Index (RSI) is in the overbought territory, indicating strong buying pressure and potential further upside.