White Sugar Futures - Bullish build upThis one almost looks too good to be true.
We have a long term, downward triangle pattern, been broken out of, with volume building, and now a beautiful bullish flag formed.
I would expect one last little liquidity sweep to occur to that higlighted box, followed by a continuation movement to the upside.
Really Curious to see what happens here, but this is a very bullish build up forming. Expecting to see some explosive movements occur soon. Very Bullish.
Any entry under these current support would be good.
Chart Patterns
The Real BHP ChartAccidentally posted an FMG under a BHP chart, here is the BHP chart analysis breakdown.
Still got a pull back predicted to occur, although the chart is looking surprisingly bullshit, i am curious to see whether it will pull back to one of these zones first.
Although there is a potential for a ABC/ Double bottom pattern to have already formed here. I am still suspected a liquidity sweep to one of the below levels, followed by a bounce and Price to take off again, pending volume and worldly events. We are on the cusp of War, so, anything can happen at this point. All so, important to note, The australian materials sector has broken down and out of a very bullish upward channel, sitting on a pivot point right now. Can swing either way. Worth keeping an eye on.
All the best.
USDCAD Technical Analysis! BUY!
My dear subscribers,
This is my opinion on the USDCAD next move:
The instrument tests an important psychological level 1.3905
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.3914
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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WISH YOU ALL LUCK
BHP - Potential Short in the InterimMorning you absolute trading legends.
What we have here is a a potenial short building up on the BHP Chart.
The Materials sector is looking rather 'weak' for the first time in the last 8-9yrs, having broken out and down out of a very strong upward channel.
That being said, its this big mining giants that are holding up the entire sector (irrespectively)
Now the pattern i am seeing here is a continuation pattern, where, depending on the location of this formation, it generally dictates where the price will go.
Now seeing as the overall chart, is looking a little bearish these days, the last massive price drop cause a bit of a sweep and resulted in a massive bounce to the upside "Every action has an opposite and equal reaction". Since that bounce, we had a nice pullback, and a bit of a triangle form (very sexy mind you) and price finally starting to behave more rationally.
Accumulation is building now and i would expect a form of 'Manipulation' to occur to the downside, doing another 'liquidity sweep', hitting either one of those 2 boxes highlighted on the chart above.
The first one closing the gap, which could result in a nice bounce. Or, and i would suspect, price to head down to the lower second box, give it a tickle, possibly form an ABC triangle pattern (Double Bottom) at/on one of those 2 boxes, then i would expect price to bounce and run off to the upside..Pending on what happens in the world.
GBPNZD Price is expected to rally next week , minor wave 1 was done with 5 minute wave rally and corrective minute wave of ABC for minor wave 2. We expect rally now of minor wave 3 which will consist of 5minute wave (1,2,3,4,5). Target is set at 100% of wave 1 and second target is set at 161.8% of wave one which is 1.2300 price level.
Just an update of USDJPY LongBecause I decided to publish my "moves" now, there are positions that are live and developed further from entries. Im just trying to show my approach my reasoning and management.
As for technical analysis goes. We had a break down of JPY strength With alot of LTF warnings but now even the daily gave us BOS. With this my confidance rank closed above 90% confirmig confluence with fundemental analysis and I took a long position.
For the fundamental analysis the long USDJPY position is fundamentally supported by the policy divergence between the Fed and BoJ, stronger U.S. economic data, yield differentials favoring the USD, and the USD’s relative safe-haven appeal. If the BoJ maintains its accommodative policies and the Fed stays hawkish, USD/JPY could see further upside.
so the update, technical analysis, yesterdays bear close did warn us, but thats pretty much it, one signal is just that a signal and nothing more, decisions to actually act need to be derived with confluence and proof.
Fundamentals still support the Long position and so does the chart.
XMJ - Aust Materials - Bearish - Breaking down & out of ChannelWhat we are witnessing here is an 8-9yr bullish upward channel being broken and now tested. Like all good things, sometimes, they have to come to an end. Is that happening now? Lets break it all down.
What we are witnessing here is a very bullish upward channel that has finally hit its 'Top'
The ceiling has formed and we have also created a triple top formation. The third and final hit came from a very weak rally that failed to break the previous high's and has subsequently broke down and out of a very strong upward channel.
Usually when this has happened before, we get a strong swing to the upside and shown in the first 2 green highlighted zones. However, the third failed, and the wave that formed following the third 'break down', failed to gain momentum and has resulted in a change of character and is gaining momentum to the down side.
Right now we are experiencing a 'new channel' forming, first time creating a lower level, matched by the previous low at the bottom.
The pattern forming at this zone is looking interesting and as can clearly be seen, we are resting on a pivot point. Now the big boys that are holding up this sector, BHP, RIO and FMG, are all showing signs of a pull back to test the Golden fib on each of their charts. That may cause a "fake out" type play on this chart, where it looks like we are about to completely 'Shit the Bed',
Only to bounce back up and away, recovering strongly and continuing to move to the heavens.
Time will tell at this point, but expect some downward movement in the interim.
XAUUSD - Bearish Trade PlanGold has breached its first and second weak support levels of 2772 & 2745 on 1 hr time frame. It is continuing to decline its trend towards its key support level. Furthermore, there is an extremely bearish candlestick pattern. Followed by the bearish candlestick pattern where we enter this declining trend on a Sell-Stop order a confluence of Fibonacci Retracements signals that it has broken the golden ratio of Fibonacci Number 0.618 towards the downside. Technicals have a clear downside indication with all these confluences. It is the fundamentals that are holding it up, one negative news will massively dump this instrument.
EUR/JPY 170 Level for shortIn the coming months, I believe that every XXX/JPY pair will probably remain in a prolonged downtrend that will be combined with recession fears for the US and EU. The euro is not at its strongest position currently, and the market knows that continuous war outbreaks and conflicts (Ukraine-Russia, Iran-Israel, China-Taiwan) will only add more pressure and volatility to an overvalued currency of a block that is dependent deeply on foreign countries regarding its trade flows and energy demands. Thus, I believe an imminent devaluation of the euro will be unavoidable in 2025. The yen will benefit from the current financial conditions with volatility staying elevated in the equity and currency markets.
Bitcoin PerspectiveMany people have been confused by this Bitcoin cycle. Here I offer a different perspective taking into consideration both the halving dates and US Interest Rates.
Keep in mind that interest rates tend to have a lagging effect on the market.
Observations:
- Slightly lagging behind interest rates higher rates seem to suppress Bitcoin's upward movement. Cause consolidation.
- When interest rate hikes paused Bitcoin immediately started climbing.
- Interest rates did not start rising until after the 2nd halving.
- Interest rate hikes had already paused before the 4th halving.
- During times of low interest rates Bitcoin has seen large growth.
- (Outside this chart) The last 2 times the FED started cutting rates we reached 0.25 in less than 1 1/2 years.
- The average Bitcoin Bull Cycle lasted between 756 days and 826 days.
- We are currently 665 days into this cycle.
I'll let you decide what this all means. I just thought I would share my observations.
Heineken Stock Alert: Testing Key Support Levels!Back in May, Heineken (HEIA) held steady at a high of $96 per share. Fast forward, and we’re now seeing a substantial dip, with the stock hovering around $75. But this isn’t just any price level—it’s a historical support zone, rooted in the post-COVID recovery period where Heineken found a solid foundation after previous market downturns.
Why does this level matter?
Historical Strength: This support zone has proven resilient in the past, catching the price during major pullbacks. Many investors view it as a potential “floor,” a level that might attract buyers looking for value.
Potential Rebound Opportunity: If Heineken finds momentum here, it could signal a reversal, especially if positive shifts in the consumer sector bolster confidence.
Dji can fallDow Jones (dj) analysis: We are cautious due to the break of an ascending trend line and the formation of a rising wedge pattern 😐. But we are not afraid because the indicator is positioned above the gap support points, which are “41832” and “41723”. #DJI #ndx next post ⬇️⬇️
If these levels are broken, I advise easing up and opening selling deals, and I do not advise repositioning except at 40,000 to 40,400.
#forexstrategy
#ForexMarket
#DJI #Tesla
Note the decrease in volume peaks as you ascend ↖️ And the height of the peaks in the fall ⬇️ It could be a trap for sellers. Just watch to confirm the breakage.
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#TrumpRally