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BluetonaFX - USDJPY ABCD Pattern WarningHi Traders! There are potential warning signs that the outlook for the US dollar is not as strong as we hoped. Bad data has been coming out of the US this week, leading to traders being very nervous about tomorrow's NFP announcement. This technical analysis on the charts also supports this. The market is currently in an ABCD formation, and the demand zone at the 145 level, which has been very strong over the past few weeks, must hold here; otherwise, there is a risk of a potential reversal of the bullish trend. Last week, we posted a bull flag opportunity and stated that the market must break and close above 146.564 for a possible continuation towards 150.000, which the market has yet to do. This pattern is still in play, but the demand zone must hold. All eyes will be on the NFP announcement tomorrow, and further bad data will lead to a bearish outlook for the US dollar. We would love to hear your thoughts on this in the comments section. Please also do not forget to press the like button and follow for more updates. Thank you for your support. BluetonaFX
by BluetonaFX
BluetonaFX - SILVER Diamond Pattern BreakHi Traders! There has been a diamond pattern break on the Silver 1D chart, and there is potential for a re-test of the strong resistance level at 25.262. Silver has been on a bull run since it found support near the long-term 22.117 level, and there was a momentum break to break and close outside the diamond pattern to complete the break. We are now looking for further communication towards 25.262. If the market reaches this level, we expect strong resistance here again, as the market has not been above this level since May 2023, so there may be potential selling opportunities near this level. We would love to hear your thoughts on this in the comments section. Please also do not forget to press the like button and follow for more updates. Thank you for your support. BluetonaFX
TVC:SILVER
by BluetonaFX
4
BluetonaFX - USDJPY Potential Bull Flag PatternHi Traders! There is a potential bull flag forming on the 1D USDJPY chart. Our bullish outlook on the US dollar continues, and the potential bull flag here is supporting this. We are currently in the flag channel, and we are looking for a break to the upside of the channel. The important price level here to look out for is 146.564; this is August's high, and we must break this level to continue to the upside. A break with momentum above 146.564 and the psychological level of 150.00 will be in sight. That being said, though we are bullish, as always here at BluetonaFX, we do not get attached to a view and must be ready to adapt at all times. If 146.564 does not break, the potential bull flag will fail and the market will most likely pullback, so we will look for selling opportunities around this level. Please remember to like, comment, and follow, as your support greatly helps. Thank you for your support. BluetonaFX 
by BluetonaFX
7
Ascending Channel on XPT/USD @ D1An ascending channel pattern formed on the daily chart of the XPT/USD pair (Platinum CFD) after a downtrend that lasted for about one month. It can now be used for a bearish breakout trade setup. The pattern's borders are marked with the yellow lines. The potential entry level is at the cyan line. The potential take-profit level is at the green line. The position of both lines is calculated based on the channel's width. The stop-loss is to be set to the high of the breakout candle (or to the high of the preceding candle if the breakout one is trading mostly outside the channel) - it isn't shown on this chart.
OANDA:XPTUSDShort
by AndriyMoraru
DLink Swing Trade IdeaDLink, looks strong in monthly and weekly, multiple times sellers have attempted to bring the price down at the major supply zone of 228-253, but buyers have won and the stock is moving up. Weekly is moving in a narrow range consolidation, 3rd week, now, post the triangle compression breakout that happened. One may look for consolidaiton BO in the upper side of the channel in 75 mins and any Lower TF for a better entry. Monthly RSI is perfectly moving from over sold to overbought, yet to reach overbought.
NSE:DLINKINDIALong
by Rugminik
AUDUSD ~ Snapshot TA / Inverse H&S In The Making?FX_IDC:AUDUSD getting the Bullish bounce after finding a temporary bottom. Intriguing price history - double top rejection looks like formation of "Left Shoulder" of a long-term Inverse H&S pattern.. If AUDUSD has indeed established bottom, extrapolating head/neckline takes price target to ~74 cents (23.6% Fib Extension - March 2020 Covid Bottom / Feb 2021 Top). Further accumulation ie "Head" development strengthens argument for Inverse H&S...then again it's way too early to call & pure speculative indulgence on my part. Nevertheless, TBC. Boost/Follow appreciated, cheers :) CME:6A1! CME:6A2!
by BlueHatInvestor
KPR Mill Poised for a swing upside of 15-20% with an RR of 1:21) KPR Mill is reversing from it's Monthly 0.382 Fib retracement zone. 2) Weekly timeframe shows a Double Bottom Pattern with breakout and retest and , moving up post the retest zone. 3) The retest has happened through a narrow range consolidation of about 7 weeks. So one may consider for an upmove from current levels with 622 range as SL, for a target of 750 range, based on Daily close and Weekly close levels above the previous week range.
NSE:KPRMILLLong
by Rugminik