Bitcoin - Buyers Are Still In ControlBITSTAMP:BTCUSD is reversing every single rejection of the previous all time high which we saw over the past couple of months, clearly showing that buyers are still overall in control of Bitcoin.
Click link above to see detailed analysis 👆🏻
For a couple of months in a row, Bitcoin has been retesting the previous all time high which was created back in 2021 but was not able to break it towards the upside sustainably. However it is quite likely that we will soon see a bullish breakout considering that investors are literally buying every single dip and traders are too hesitant to sell their positions.
Levels to watch: $60.000
Keep your long term vision,
Philip - BasicTrading
Channelbreak
Keep An Eye - Channel Breakout - HFCL📊 Script: HFCL
📊 Sector: Infrastructure Developers & Operators
📊 Industry: Engineering - Turnkey Services
Key highlights: 💡⚡
📈 Script is trading into a upward moving channel and about to give breakout and 52 week high keep an eye on stock if stock is giving breakout we may see some good rally.
📈 One can go for Swing Trade.
BUY ONLY ABOVE 135
⏱️ C.M.P 📑💰- 132
🟢 Target 🎯🏆 - 150
⚠️ Stoploss ☠️🚫 - 127
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
META daily channel is getting tight.NASDAQ:META daily chart shows consolidation and has a lot of room to supply above recent highs, should the daily 5 SMA confirm to the upside. Watching closely to see which way this consolidation resolves, as there are always a million opinions, but only one confirmation.
Gold Price Forecast for 2024 - 2025My forecast is totally based on supply & demand of the market in view of inflation and current Environmental changing heat wave direction globally and in addition to War and sactioned applied to countries which are major supplier's of oil, gas, industrial and domestic supplies. which have increased the domestic & consumable price globally which directly effects the lower middle class and poor people.
Sell NZD/USD Channel Breakout (Today NFP)The NZD/USD 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 0.5952, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 0.5907
2nd Support – 0.5880
Stop-Loss: To manage risk, place a stop-loss order above 0.5984. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
Sell USD/CAD Channel BreakoutThe USD/CAD 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 1.3813, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 1.3775
2nd Support – 1.3748
Stop-Loss: To manage risk, place a stop-loss order above 1.3855. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
When $ETH Money Flow Index turns green, new ATH! CRYPTOCAP:ETH has scaped the downward channel, but is still inside the horizontal channel (both in yellow)
Note the blue diamond from Detonator A Indicator forming now, indicating a possible local end of trend
Price will need to retest the support of downward channel first, as it coincides with both EMA200 (green tick line) and MA200 (red line)
After that retest, price will follow to the upper resistence level of the horizontal channel as the ATH box is a attractor for price because former trends have targets over the ATH box (those purple arrows)
When MFI (Money Flow Index, below pannel) turns green again, you know we will reach new heighs!
Sell EUR/CAD Channel BreakoutThe EUR/CAD 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 1.4932, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 1.4880
2nd Support – 1.4853
Stop-Loss: To manage risk, place a stop-loss order above 1.4965. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Thank you
If Bitcoin Drops From This Channel Then 48k IncomingTitle is straight and to the point. We are now on the bearish side of our trend lines. Though, long-term, Bitcoin remains bullish and is, in fact, inside of a long-term bullish channel (bull flag), if we drop from this channel then 48k will most likely be retested as support. 48k, if you remember, is the neckline of our long-term inverse head and shoulders pattern. Typically, price likes to retest significant levels like this one. It hasn't done so since we broke out in February. Will we do so now? Watch that channel for your answer.
NZD/JPY H1 Channel BreakoutThe NZD/JPY pair on the H1 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Bearish 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 98.50, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 98.03
2nd Support – 97.80
Stop-Loss: To manage risk, place a stop-loss order above 98.90. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Thank you
Buy XAUUSD Channel BreakoutThe XAU/USD pair on the M30 timeframe presents a potential Buying opportunity due to a recent downward breakout from a well-defined channel pattern. This suggests a shift in momentum towards the Upside in the coming Hours.
Key Points:
Buy Entry: Consider entering a Long position around the current price of 2326, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels :
1st Support – 2351
2nd Support – 2365
Stop-Loss: To manage risk, place a stop-loss order below 2316.50 This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Thank you.
Silver (XAG/USD) H1 Channel BreakoutThe XAG/USD pair on the H1 timeframe presents a potential Buying opportunity due to a recent downward breakout from a well-defined channel pattern. This suggests a shift in momentum towards the Upside in the coming Hours.
Key Points:
Buy Entry : Consider entering a Long position around the current price of 29.45, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 30.35
2nd Support – 30.83
Stop-Loss: To manage risk, place a stop-loss order below 28.50. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Thank you.
Sell EUR/USD Channel BreakoutThe EUR/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Bearish 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 1.0732, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 1.0699
2nd Support – 1.0675
Stop-Loss: To manage risk, place a stop-loss order above 1.0760. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Thank you.
USDCAD: Multiple rejections, temporary bullish biasPrice has recently rejected the daily (D) ascending channel support level. Price then pushed up and broke out of the one-hour (1H) descending channel to form a higher high. Price then pulled back to retest support, forming a higher low. I expect price to continue to the upside.
**Rationale:**
- Ascending Channel Support (D)
- Multiple Rejections
- Elliott Wave Completion
- Descending Channel Breakout (1H)
- Higher High
- Retest of Support
- Higher Low
**Disclaimer:**
My trading ideas are market predictions and therefore should be viewed as such. As an intraday trader (scalper), I use my observations to identify potential trade opportunities on the higher time frames. I then aim to pinpoint key entry points on the lower time frames. Entries should always be verified by additional confirmations.
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#scalping
#intraday
Sell GBP/USD Channel BreakoutThe GBP/USD 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 1.2675, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 1.2635
2nd Support – 1.2610
Stop-Loss: To manage risk, place a stop-loss order above 1.2703. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Thank you.
Sell NZD/JPY Channel BreakoutThe NZD/JPY pair on the H1 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 97.55, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 96.95
2nd Support – 96.53
Stop-Loss: To manage risk, place a stop-loss order above 97.95. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Thank you.
Downtrend Channel BreakoutJPM has a downward channel and I plan to buy the breakout. If the price becomes greater than 198, I will play for a large breakout move on the channel.
If this bounces down tomorrow, then I will have to move the entry price lower or invalidate this setup.
Buy to open = $198
1st Profit Target = $205
Stop Loss = $194
Sell USDCAD Breakout PatternThe USD/CAD 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 1.3750, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 1.3708
2nd Support – 1.3670
Stop-Loss: To manage risk, place a stop-loss order above 1.3800. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Thank you.
Sell GBPCAD Channel BreakoutThe GBP/CAD 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 1.7518, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 1.7464
2nd Support – 1.7430
Stop-Loss: To manage risk, place a stop-loss order above 1.7565. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
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.
Nvidia - Still a correction?Hello Traders and Investors, today I will take a look at Nvidia .
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Explanation of my video analysis:
Over the course of the past seven years, Nvidia stock has been trading in a pretty obvious rising channel formation. As we are speaking, Nvidia stock is approaching once again the upper resisance trendline. However this does not mean that we will see an immediate correction of -50%; it is rather important to monitor price action and wait for the right opportunity.
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Keep your long term vision,
Philip (BasicTrading)
Sell EURUSD H4 Channel Breakout & Order BlockThe EUR/USD pair on the H4 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 1.0820, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 1.0620
Stop-Loss: To manage risk, place a stop-loss order above 1.0900. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Opportunity Breakdown :
1. Bullish Channel Breakout & Retest
2. Price Reversal @ Fibo - 0.786
Market Factors:
Dovish ECB vs Hawkish Fed: The European Central Bank (ECB) is generally expected to maintain a dovish stance on interest rates, while the Federal Reserve might continue raising rates to combat inflation. This interest rate differential could weaken the EUR relative to the USD.
Weak Eurozone Data: Recent economic data releases from the Eurozone might have painted a weaker picture of the region's economic health, potentially undermining confidence in the Euro.
Thank you.