Eurusd analysis: rising wedge pattern Eurusd now trading at 1.0744 is now showcasing a rising wedge bearish pattern, the major resistance point of 1.0755-1.0765 can become a potential reversal point.
the current economical crisis happening in Europe along with major financial scenario of petrodollar issue can make euro crumble a bit comparing to us dollar.
we expect a bearish fall till 1.0720 and further down can go till 1.0680 area.
Alternative scenario.
a break above resistance point of 1.0770 can further enhance the upward correction of eurusd.
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Buy-sell
LEVI Levi Strauss Options Ahead of EarningsIf you haven`t bought LEVI before the previous earnings:
Now analyzing the options chain and the chart patterns of LEVI Levi Strauss prior to the earnings report this week,
I would consider purchasing the 23usd strike price Calls with
an expiration date of 2024-7-19,
for a premium of approximately $1.15.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
BB BlackBerry Limited Options Ahead of EarningsIf you haven`t bought BB on this breakout:
Now analyzing the options chain and the chart patterns of BB BlackBerry Limited prior to the earnings report this week,
I would consider purchasing the 2.50usd strike price Calls with
an expiration date of 2024-6-28,
for a premium of approximately $0.11.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
BONK - Two scenarios$BINANCE:1000BONKUSDT (1D CHART) Technical Analysis Update
BONK is currently trading at $0.02388 and the price is currently at the support zone and currently uncertain on in which direction will the price move. We have two trade possibility here, if the price bounce backs from the support then we can enter a long trade, if the support breaks then we can enter a short trade.
--- LONG Trade ---
Entry level: $ 0.025727
Stop Loss Level: $ 0.021041
TakeProfit 1: $ 0.029562
TakeProfit 2: $ 0.034171
TakeProfit 3: $ 0.043035
--- SHORT Trade ---
Entry level: $ 0.020010
Stop Loss Level: $ 0.024466
TakeProfit 1: $ 0.017673
TakeProfit 2: $ 0.015517
TakeProfit 3: $ 0.012212
Max Leverage: 5x
Position Size: 0.5% of capital
Don't forget to keep stop loss.
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GreenCrypto
Will MANA Support hold ? Get ready for both scenariosBINANCE:MANAUSDT (1W CHART) Technical Analysis Update
MANA is currently trading at $0.331 and price is trading around its support zone, we are not sure if this support will hold and price bounce back from this support zone. We need to consider both scenario for entering the trade here, for long trade we will enter only after a green weekly candle above the support zone. For short trade we will enter if the candle closes below the support zone.
-- LONG Trade --
Entry level: Green Weekly candle above support zone
Stop Loss Level: $ 0.2526
TakeProfit 1: $ 0.4561
TakeProfit 2: $ 0.5931
TakeProfit 3: $ 0.7804
-- SHORT Trade --
Entry level: Candle close below support zone
Stop Loss Level: $ 0.3487
TakeProfit 1: $ 0.2038
TakeProfit 2: $ 0.1644
TakeProfit 3: $ 0.1198
Max Leverage: 2x
Position Size: 1% of capital
Remember to set your stop loss.
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GreenCrypto
Buying gold between 2351.00 - 2357.00 XAUUSD Next expectation
Buying gold between 2351.00 - 2357.00
Be ready and Keep monitoring and once the price is reached, execute the trade with minimum risk. I am also monitoring but however if I missed you guys can go remind me.
The gold Currently running with bullish movement next resistance key levels are 2375.00 and 2386.00. And support located at 2351.00 and 2336
*MY PERSONAL TARADING PLAN ONLY. Enter with confirmation
EURCAD Short-Term Buy OpportunityEUR/CAD is poised for a short-term buy as it rebounds off the ascending trend line support near 1.4817, targeting the descending trend line resistance at 1.4967. This setup offers a high-probability entry with a clear risk-reward ratio, aiming for a quick profit as the price ascends to retest the upper resistance. Enter long around 1.4820 with a tight stop loss just below the trend line to capitalize on this bullish bounce!
GBPJPY Analysis (22nd May 2024)
Market Analysis PT2/2 (22nd May 2024)
GBPJPY Analysis
On the 30 minute timeframe, we have created a very strong support at the 198.272 - 198.363 level, having more than 5 taps along the area and rejecting it.
There are 2 scenarios i am looking for.
1) Price breaks above the 198.615 level with a body candle close on the 15 minute. If we do have that, i will be looking for potential Buys ton continue the bullish move, given that it provides a retest of the 198.615 level.
2) Price breaks below the 30 Minute support with a body candle close. IF this happens, support fails and turns into resistance, this is where will be looking for a break and retest to continue lower towards the 197.800 level.
GBPJPY Analysis (22nd May 2024)
Market Analysis PT2/2 (22nd May 2024)
GBPJPY Analysis
On the 30 minute timeframe, we have created a very strong support at the 198.272 - 198.363 level, having more than 5 taps along the area and rejecting it.
There are 2 scenarios i am looking for.
1) Price breaks above the 198.615 level with a body candle close on the 15 minute. If we do have that, i will be looking for potential Buys ton continue the bullish move, given that it provides a retest of the 198.615 level.
2) Price breaks below the 30 Minute support with a body candle close. IF this happens, support fails and turns into resistance, this is where will be looking for a break and retest to continue lower towards the 197.800 level.
TYPES OF MARKET ANALYSIS1) Fundamental analysis.
fundamental analysis focus mainly on micro and macro event that will control market situations in the present and in the future. it includes various events in economic calendar like PPI CPI NonFarm Payroll, Interest rate decisions, and geopolitical senarios like election war climate issues etc
2) Technical analysis.
Technical analysis mainly focus on indicators chart analysis volume analysis, various analysis like following candle stick pattern, trading strategies based on indicators
3) Market sentiments
Market sentiments focus mainly on how the crowd anticipate wheich direction will market go, like when xauusd reached at its all time top everyone believed it will have a retracement from that zone
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HOOD Robinhood Markets Options Ahead of EarningsIf you haven`t bought HOOD before the previous earnings:
Then analyzing the options chain and the chart patterns of HOOD Robinhood Markets prior to the earnings report this week,
I would consider purchasing the 20usd strike price Calls with
an expiration date of 2024-9-20,
for a premium of approximately $2.22.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
HUMA Humacyte Options Ahead of EarningsIf you haven't sold HUMA before the previous earnings:
Then analyzing the options chain and the chart patterns of HUMA Humacyte prior to the earnings report this week,
I would consider purchasing the 5usd strike price Calls with
an expiration date of 2024-9-20,
for a premium of approximately $1.22.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
OCGN Ocugen Options Ahead of EarningsIf you haven`t bought OCGN when they released their Covid vaccine:
Then analyzing the options chain and the chart patterns of OCGN Ocugen prior to the earnings report this week,
I would consider purchasing the 1.50usd strike price Calls with
an expiration date of 2024-5-17,
for a premium of approximately $0.22.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
BABA Alibaba Group Holding Limited Options Ahead of EarningsIf you haven`t bought BABA before the previous earnings:
Then analyzing the options chain and the chart patterns of BABA Alibaba Group Holding Limited prior to the earnings report this week,
I would consider purchasing the 110usd strike price Calls with
an expiration date of 2025-1-17,
for a premium of approximately $2.74.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
CSCO Cisco Systems Options Ahead of EarningsIf you haven`t bought the dip on CSCO:
Then analyzing the options chain and the chart patterns of CSCO Cisco Systems prior to the earnings report this week,
I would consider purchasing the 50usd strike price Calls with
an expiration date of 2024-8-16,
for a premium of approximately $1.52.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
ZM Zoom Video Communications Options Ahead of EarningsIf you haven`t bought ZM before the previous earnings:
Then, after analyzing the options chain and the chart patterns of ZM Zoom Video Communications prior to the earnings report this week,
I would consider purchasing the 65usd strike price Calls with
an expiration date of 2024-12-20,
for a premium of approximately $8.00.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
BTCUSD Analysis (18th May 2024)
Crypto Analysis (18th May 2024)
BTCUSD Analysis
on the 4 hour timeframe, Price action has just taken out an inducement level at the 67086.61. Right above that level is a Bearish 4 hour OB.
So there are 2 scenarios that could play out for BTC.
1) price taps into the OB at the 67515.19 - 68849.81 level and rejects it, creating a 15 minute Change of Character to the down side. If this happens, i want to see another 15 minute bearish BOS to confirm the rejection off the 4 hour OB before shorting.
2) If price continues bullish and breaks past the 68449.81 level with a body candle close on at least the 1 hour. I will be looking for a break and retest for price to continue higher, targeting the 70280 level.
QQQ Double Top on Bearish DivergenceIf you haven`t bought the dip on QQQ:
Then it's important to understand that it's currently exhibiting a double top formation, known as one of the most bearish chart patterns, along with a substantial bearish divergence. I foresee a retracement soon, possibly to $416, but I still expect it to finish the year on a positive note!
SPY S&P500 etf Bearish DivergenceIf you haven't already purchased SPY after the 2023 forecast: forecast:https://www.tradingview.com/chart/idea/l6U1M9dJ/
then it's important to be aware that there's a significant bearish divergence in the RSI of SPY, the S&P 500 ETF, which initiated at $469.
Anticipating a technical retracement to $495, given its prolonged period of being overbought!
GME GameStop Options Ahead of EarningsIf you haven`t sold GME before the previous earnings:
Then analyzing the options chain and the chart patterns of GME GameStop prior to the earnings report this week,
I would consider purchasing the 13.50usd strike price Calls with
an expiration date of 2024-3-28,
for a premium of approximately $1.41.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
ETH Ethereum falling wedge pattern If you haven`t sold ETH at the top:
As the cryptocurrency market navigates through choppy waters, Ethereum, the second-largest cryptocurrency by market capitalization, finds itself ensnared within a bearish formation known as a falling wedge pattern. This technical setup, coupled with broader market uncertainties, casts a shadow over Ethereum’s short-term prospects, with a looming price target of $2400 becoming increasingly probable.
A falling wedge pattern typically signals a continuation of a prevailing downtrend, suggesting that Ethereum’s recent struggles may persist in the near term. Characterized by a series of lower highs and lower lows, this pattern reflects a gradual erosion of bullish momentum, often culminating in a breakdown below the wedge’s lower boundary.
DIS The Walt Disney Company Options Ahead of EarningsIf you haven`t bought the dip on DIS:
Then analyzing the options chain and the chart patterns of DIS The Walt Disney Company prior to the earnings report this week,
I would consider purchasing the 112usd strike price Puts with
an expiration date of 2024-5-10,
for a premium of approximately $2.82.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
UBER Technologies Options Ahead of EarningsIf you haven`t bought UBER before the previous earnings:
Then analyzing the options chain and the chart patterns of UBER Technologies prior to the earnings report this week,
I would consider purchasing the 80usd strike price Calls with
an expiration date of 2025-1-17,
for a premium of approximately $6.85.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.