Chart Patterns
AUDUSD Long- day tradingForgot to post this trade earlier!
FX:AUDUSD
Let's see if it reaches the buy-side liquidity: we've got a W pattern, swing low, FVG, discount array, and buy-side liquidity in play.
Honestly, it looks poised to go higher if today’s level holds; otherwise, more downside ahead. EUR/USD has recovered well, but tomorrow will bring a new challenge.
USD/JPY SELLERS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
USD/JPY pair is in the uptrend because previous week’s candle is green, while the price is evidently rising on the 1D timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 148.325 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
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Best Level to BUY/HOLD TSLA 100% upside TP 500/550 USD🔸Hello traders, today let's review 8hour chart for TSLA. Entering re-accumulation stage now, expecting range bound trading during next few weeks as we enter pullback/correction. We are closing in on heavy overhead resistace / limited upside currently.
🔸The speculative chart pattern is bullish C*H in progress, expect more range locked price action for a few weeks as we re-accumulate and get ready to clear the overhead resistances. Measured move price projectiong for the C*H structure is 500/550 USD, 100%+ upside from the recommended BUY ZONE.
🔸Recommended strategy bulls: wait for TSLA to re-accumulate in the sliding bull flag formation into the liquidity zone and get ready to BUY/HOLD low near 220 USD, target based on measured move projection is 550 USD. good luck traders!
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RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
Silver bullish set upWe see price is currently testing a support area on the 4h time frame, close this trade before the election next week.
NVDIA Don't miss this opportunity. Can even reach $240.NVDIA (NVDA) gave us the most solid buy entry back on our August 08 signal (see chart below), following a -35% decline:
Such declines are standard technical buy opportunities especially when taken place at the bottom (Higher Lows trend-line) of the 2-year Channel Up (since October 2022). As you can see, the stock made new All Time Highs (ATH) and as it remains below the middle of the Channel, the upwards potential is significant.
As long as the 1D MA200 (orange trend-line) supports, we remain bullish on our original long-term Target ($190.00) but now we feel confident to target by the start of 2025 the upper layer of the pattern, setting Target 2 at $240.00 (Fibonacci extension 3.0).
Note also that, as mentioned on our previous analysis, the current Bullish Leg continues to look very similar to the one that bottomed on October 2022. This is also evident on their 1D RSI fractals.
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GBP/USD Descending Broadening wedge
Today marked the 5th hit on the trendline validating the pattern. Typicllay broadening descending wedges are a bullish sign. Coupled with the fact that GBP/USD made its way very close to key levels of support today and news drops come later today I would expect a breakout coming shortly. I will be patiently waiting for entry into a bullish trend however I have not taken my eyes off the current levels of support. If we break bellow further downward potential is still possible.
**KEYS FOR REVERSAL CURRENTLY MET**
1. Bullish RSI Divergency on 4HR Chart. Current Low set a higher low on the RSI.
2. 5 touches on both sides of the shown pattern (Validating patterns presence)
3. Over a 4% downward move for GBP/USD with no major corrections (I look for 3-5%)
4. At Key Level of Support
XAUUSD H4 | Bearish Reversal Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 2756.90, which is a pullback resistance and a 50% Fibonacci retracement.
Our take profit will be at 2714.96, a swing-low support level.
The stop loss will be at 2789.88, a swing high resistance level.
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Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
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NVDA Technical Aanlysis for Nov.1, 2024Technical Overview:
Current Price Level: NVDA is trading around $134.42, which lies below recent resistance levels and may act as a zone for potential pullbacks.
Support and Resistance:
Support: The nearest support level appears around $132.11, where price previously found stability.
Resistance: Significant resistance is present around $137.46 and $136.84, which could challenge upward movement.
Trend Analysis:
A downward trendline is apparent, with price currently testing it. This trendline may act as resistance unless a strong breakout occurs.
The EMAs are sloping down, suggesting bearish momentum in the larger trend, although recent candles show a potential attempt at a reversal.
MACD:
The MACD histogram shows positive momentum, with a recent crossover signaling potential bullish momentum. However, the move should be confirmed with sustained buying pressure.
Volume:
Volume on the recent upward move is moderately high, which can indicate buying interest. If volume increases as price nears resistance, a breakout might occur.
Trading Strategy for Tomorrow:
Bullish Scenario: If NVDA breaks above $136.84 with strong volume, this could open a path to test $137.46. A confirmed break above these levels might signal further bullish momentum.
Bearish Scenario: If NVDA fails to break above the downward trendline and $136 resistance, a pullback toward $132.11 is possible. A breakdown below this level may lead to lower support targets.
Entry and Exit Points:
Long Entry: Consider entry on a strong breakout above $136.84, with targets near $137.46 and a stop loss around $134.
Short Entry: Consider entry below $132.11 if bearish momentum picks up, with a target of $130, setting a stop loss above $134.
Disclaimer:
This analysis is for informational purposes only and is not financial advice. Always perform your own research and consider your risk tolerance before making trading decisions.
Stacks New Bearish Impulse: Volume SignalSTXUSDT (Stacks) did move lower in August and activated its December 2023 support range. It seems the bears (down-selling pressure) are not done with this pair.
The main level we have been tracking for the entire Cryptocurrency (Altcoins) market sits around September, October and November 2023, this is the main support for the current corrective period, the potential bottom. It seems Stacks will not be an exception and is ready to move lower, here shown with an orange line on the chart.
The blue line is the Dec. 2023 level. The orange line is for November 2023. Lower prices can be found around September/October 2023 but we are aiming for a higher low.
The signal that is pointing toward this disaster that is about to happen comes from the volume indicator. We can see the biggest volume bar since January 2024 on the daily timeframe, the highest volume in ten months happened yesterday.
When trading volume goes super high, it signals the start of a new move, a new impulse. Since yesterday was a bearish day, we lean towards a new bearish impulse; a lower low.
Thank you for reading.
Namaste.
EURGBP-SELL strategy 3-hourly chartThe pair is overextended short-term,even though we understand the underlying conditions why.
The facts are, we are overstretched, and it requires some pullback short-term.
Strategy SELL current 0.8435-0.8450 and take profit around 0.8375 or slightly lower. SL based on personal risk appetite.
JYOTISTRUC :NSE RBC 9.5Y BO WTF/MTF POSITIONALJYOTISTRUC :NSE STOCK Analysis
TRADE PLAN (DTF Close Price for POSITIONAL
ENTRY - 36 50% Qty, Add 50% qty 47 DTF Close
SL - 26.5
TARGET --01- 47.2 , TGT02-- 65.7
Hold For a1 +Year or TGT 2
Chart Pattern :
STOCK had a 18 Month Streak to Touch an 9.5Y high of 32.3, forming a Rounding Cup Pattern.Quarterly Results Due next Week
INDICATORS EMA :
The Price is Currently Trading above 50EMA, and 20EMA is Above 50EMA in WTF. STOCK EMAs are currently in Ascending stage of alignment where this week a 15%+ price rise with considerable Volumes indicating start of a bullish Trend on WTF/MTF.
FIBO/E :
Currently the price is well above 50% FIBO Retracement Level, Entry can be take as per your risk ability. Safe Investors Enter above .
Volumes: There is a surge in Volume on the Weekly Charts for1 Weeks after the few weeks Pullback.
Keep in your Priority Watch List
Disclaimer: For Education/Reference Purpose Only, Trade at your Own Risk with correct position sizing and SL based on your Risk appetite (Exit when price closes 7to8% below your Entry).and re enter when trend reverses...
Trail Your SL progressively. Learn/Know and Review the Stock trading Technical Terminology. Check Verify the Financial fundamentals of the Stock and Seek Advice from a Certified Financial Advisor prior to Investing. Prefer Entry with 25% quantity, Add in Tranches of 25%-50% as prices moves upwards recommended.
MTFA- Multiple Time Frame Analysis
DTF -Daily Time Frame
WTF-Weekly Time Frame
MTF- Monthly Time Frame
ATH-All Time High
LTH -LifeTime High
RBC&H-Rounding Bottom Cup/Handle
BO- Breakout Close
EMA -Exponential Moving Average
FIBO R/E -Trend based Fibonacci Retracement/Extension
SL Stop Loss
TBD- To be Decided
CHoCH- Change of Character Bullish/Bearish
MSB/BOS -Break Out Structure
FVG Fair Value Gap
20VMA -20Volume Moving Average
SWING/POSITIONAL Trade
Bearish drop off 50% Fibonacci resistance?USD/JPY is rising towards the resistance level which is an overlap resistance that aligns with the 50% Fibonacci retracement and could drop from this level to our take profit.,
Entry: 152.83
Why we like it:
There is an overlap resistance level that aligns with the 50% Fibonacci retracement.
Stop loss: 153.54
Why we like it:
There is a pullback resistance level.
Take profit: 151.61
Why we like it:
There is a pullback support level.
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Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Bearish drop?USD/CHF is rising towards the resistance level which is a pullback resistance that aligns with the 38.2% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 0.8649
Why we like it:
There is a pullback resistance level that aligns with the 38.2% Fibonacci retracement.
Stop loss: 0.8698
Why we like it:
There is a pullback resistance level.
Take profit: 0.8614
Why we like it:
There is an overlap support level that aligns with the 138.2% Fibonacci extension.
Enjoying your TradingView experience? Review us!
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
COIN: The Last Winner or the First Loser?
NASDAQ:COIN
Hello, everyone!
I’d like to share my technical outlook on the current position of COIN.
Weekly Analysis:
1. Momentum Indicators: On the weekly chart, COIN is gradually exiting oversold territory, indicated by the Relative Strength Index (RSI) and Stochastic Oscillator. This steady, controlled shift suggests a potential shift in momentum towards bullish sentiment.
2. Bullish Falling Wedge: A reversal pattern in the form of a bullish falling wedge has also emerged on the weekly chart. This pattern is typically a sign of trend reversal and implies potential upward movement if confirmed by a breakout above resistance.
3. MACD Histogram: The Moving Average Convergence Divergence (MACD) histogram is moving upward, transitioning out of the downtrend. This shift in momentum aligns with the signals from the RSI and Stochastic, further reinforcing a potential bullish reversal.
Monthly Analysis:
4. Fibonacci Levels: On the monthly chart, COIN is holding above the $182 support level, which is key from a Fibonacci retracement perspective. Maintaining this level supports the likelihood of a sustained upward trend.
5. Tri Star Reversal Pattern: A Tri Star reversal pattern may be forming on the monthly chart. While traditionally consisting of three stars, even a two-star formation in this context signals a potential reversal.
Summary:
Taking all these factors into account, I consider it reasonable to open a long position in COIN, with a target price of $390 by the end of February 2025. This target aligns with resistance levels observed on higher time frames and with the broader bullish technical picture emerging in COIN’s momentum indicators and price action.
Disclaimer: This analysis reflects my personal opinion and is provided for informational purposes only. It is not intended as financial advice or an investment recommendation.
Bearish reversal?EUR/USD is rising towards the resistance level which is a pullback resistance that is slightly below the 61.8% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 1.0896
Why we like it:
There is a pullback resistance level that is slightly below the 61.8% Fibonacci retracement.
Stop loss: 1.0952
Why we like it:
There is an overlap resistance level that aligns with the 78.6% Fibonacci retracement.
Take profit: 1.0840
Why we like it:
There is a pullback support level.
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Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
USD/CAD To Turn? Short Side CaseUSD strength has persisted post strong economic data.
FED rate cut bets have dropped opening up the door to rises, in comparison with the BOC cycle (quicker easing). Growth looking to have flatlined in Canada also not helping.
Looking for follow through on any price rejection. Technical case for shorts has been around for 2 years or so and these areas have been sustainable. Clear long side profit taking.
Short side bias taken as Market awaits sentiment. Potential Post NFP.
Gold Market Outlook: Analyzing Buy Signals and ATH PossibilitiesA great purchase opportunity is indicated by our current market analysis , which shows a tested support level at 2735-2730 . Given these indicators, the market might hit a new all-time high (ATH) . My research suggests that XAUUSD is a good buy , especially as fundamentals imply that the dollar may depreciate , likely strengthening gold’s value. Additionally, we can expect selling pressure around the supply level of 2773-2780 ,
but I’m also confident that NFP (Non-Farm Payroll) shows a compelling buying opportunity .
A* boost would be greatly appreciated if you found this analysis useful; it’s always encouraging to know my observations are understood!
testing new idearoaring kitty dresses up as a cat and meows for 30 minute straight
GME will go to the moon
Microsoft (MSFT) Shares Decline Despite Strong Earnings ReportMicrosoft (MSFT) Shares Decline Despite Strong Earnings Report
On 9 October, our analysis of Microsoft (MSFT) suggested that the stock price:
→ Was forming an ascending channel (shown in blue on the chart);
→ Could see a rebound from its lower boundary (indicated by an arrow).
Since then, the price indeed moved upward from this support around the $411 level, even surpassing $437. However, following Microsoft’s Q3 earnings report released post-market yesterday, the share price faced heightened volatility.
In the Q3 report:
→ Earnings per share (EPS) came in at $3.30, exceeding the expected $3.10;
→ Gross revenue was $65.58 billion, also above the forecasted $64.57 billion.
Despite these positive figures, MSFT shares saw a decline due to high volatility during after-hours trading, reaching $444 at one point and then falling to around $410. This drop may be due to Microsoft’s rising expenses. As reported by The Wall Street Journal, Microsoft’s capital expenditures in 2024 have hit $53 billion (about 28% of revenue), a substantial increase from the 12% average of revenue allocated to capital costs between 2014 and 2023.
As of pre-market trading today, MSFT is trading around $417 (approximately -4% from yesterday’s close), likely setting the opening level for today’s main session.
Today’s technical analysis of MSFT suggests that the opening may see a bearish gap, potentially pushing MSFT’s price toward the lower boundary of the ascending blue channel, where a new consensus between buyers and sellers could emerge. This sets up two scenarios:
→ Bulls may see an opportunity for another rebound;
→ Bears could aim for a breakdown of this key support level, with potential testing of the psychological $400 level.
Analyst sentiment remains positive. According to TipRanks surveys:
→ 27 out of 30 analysts recommend buying MSFT shares;
→ The average 12-month target price for MSFT is $503.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
GBPUSD Hits Key Resistance: Selling Strategy in FocusGBPUSD is targeting a recent selling zone as it encounters resistance around the 1.304 area. Previously a strong support level, this point has now been broken and stands as a new resistance, posing a solid challenge for the bulls.
Additionally, the notable recent recovery of the USD against the pound has made investors more cautious about trading against the trend.
From my perspective, I’m sticking with a selling strategy as shown on the chart, with a take-profit level set at 1.268.
Happy trading, and feel free to share your thoughts with me!
NZDUSD BUY SETUP !!"The goal of a successful trader is to make the best trades. Money is secondary."
GBPCAD: Enter a Buy Trade or Sell Below 1.7860Currently, GBPCAD is trading at 1.7970, and we're opting for a buy trade with a target set at 1.8110. If we’re considering a sell trade, we’ll need to keep a close watch for a break below the support level at 1.7860. This level is crucial because it indicates where buyers have previously stepped in to support the price. If the price drops below this level, it signals that the buyers may no longer be able to hold the price up, and that could be a good time for us to enter a sell position. In this case, our target for the sell trade would be set at 1.7710.
