XAUUSD broke floor /waiting on BOS or lower highVolume will be pushing down further throughout the Asian Session.
If you want a little higher risk, take about 100 pip Stop Loss. Wait for confirmation.
Consolidation-breakout
BADGERUSDT will be Pump 21% ? Long EntryBADGERUSDT is a new coin which has been in price consolidation for 43 days and is currently creating a pattern.
It seems that this coin has received support from Yearly Pivot and Daily TF 50SMA. And this coin is currently in a range candle and if the line named as "Range high" is broken, a long entry can be taken after the retest with a small tf.
After the breakout, you can monitor the monthly pivot indicated by the doted line, and it will be safer to take a long entry after breaking the retest high of small TFs.
As shown, it seems that this coin can move the price up by about 21%.
This article is not a financial advice and definitely add a StopLoss.
Thankyou
Bank of India - Finally this guy is looking strong with multipleBank of India - Finally this guy is looking strong with multiple bullish structures
1. Rounding Bottom BO already done above 118 but price went into consolidation mode ever since
2. After BO, price started following Parallel channel and travelled from One shore to Other Shore - Flat for 4 months since Jan 2024
3. Now, the boat has touched the other side of river bank and strong 11% jump after that
4. Also in the past 4 weeks, price has formed a Bullish Continuation Candlestick pattern - 2 Black crows pattern
The last and final resistance to be broken is 152. Once above 152 WCB, price would fly to 165, 195, 225
Disclaimer:
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GOLD PENDING BREAKOUT4H has a small channel.
1H inside a range/consolidation.
1H range/consolidation breakout is probably the better confirmation for direction/entry.
Major news at 8:30. So prob will get the breakout confirmation around 9 am or 10 am.
MINUSD CLear technical findings show an extreme bullish caseHi guys. I am always on the lookout for assets with clear signs of macrotrends. One that caught my attention was a crypto altcoin called MINAUSD.
This analysis is on 1 week timeframe. Signs found on macro timeframes can have powerful moves to upside or downside.
Notice firstly the horizontal black trendline around 1.40-1.50$.
This was an area for last couple weels we've been battling with as resistance.
It also coincides with a potential Ascending triangle pattern.
This battle is highlighted by the orange rectangle. This can be identified as a consolidation zone.
We are currently breaking out of both the consolidation zone, as well as the ascending triangle pattern.
Important to wait for confirmation which would be a candle close showing support on 1.40$ lvl.
We do have a lower wick on our current candle (showcasing demand and support) BUT remember this weeks candle just begun. We must wait till sunday for the weekly candle close. If we continue this current trajectory, we will see confirmation. However, there is always potential for a fakeout so this week is crucial.
Notice how right above us. There is really no price action acting as support. Just 6 total candles.
My opinion is that we will quickly move up to the 3.50$ area. Once bitcoin stalls and altcoins get liquidity injected into them. AND Support is confirmed.
Keep an eye on updates with other signs and indicator signals in near future to support my claims.
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Thank you for taking the time to read my analysis. Hope it helped keep you informed. Please do support my ideas by boosting, following me and commenting. Thanks again.
Stay tuned for more updates on MINAUSD in the near future.
If you have any questions, do reach out. Thank you again.
DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. Do not use my ideas for the basis of your trading strategy, make sure to work out your own strategy and when trading always spend majority of your time on risk management strategy.
EURCADEURCAD has given the clean breakout of long term consolidation. And now the market is retesting the broken level. sellers seems to be exhausted.
if this breakout holds the next upside targets will be 0.8400 followed by 0.9000
The Sky's the Limit for MicrosoftNASDAQ:MSFT Microsoft (MSFT) Has been consolidating for the past month and has broken through to the upside. Anticipate this bullish momentum to bring new all time highs for the tech titan!
Let's dive into the key factors that make Microsoft a compelling investment opportunity.
Cloud Services: Microsoft Azure is a leading cloud platform, competing head-to-head with Amazon Web Services (AWS) and Google Cloud. As more businesses move their operations to the cloud, Microsoft is well-positioned to capitalize on this trend. The company's cloud services are expected to drive substantial revenue growth in the future.
Artificial Intelligence: Microsoft has been making significant investments in AI, with its AI-powered products like Cortana, Bing, and Office 365. The company's recent acquisition of Nuance Communications further strengthens its position in the AI space. The potential for AI to revolutionize various industries makes Microsoft's focus on this area a key growth driver.
Gaming and Entertainment: Microsoft's Xbox gaming console and Game Pass subscription service have been gaining popularity among gamers. The company's acquisition of ZeniMax Media, the parent company of Bethesda Softworks, further bolsters its gaming portfolio. As the gaming industry continues to expand, Microsoft is well-positioned to benefit from this growth.
Strong Financials: Microsoft boasts a robust balance sheet with a healthy cash flow and a strong history of dividend growth. The company's financial strength provides a solid foundation for future growth and allows it to invest in new technologies and acquisitions.
Valuation: While Microsoft's stock price has experienced a significant run-up in recent months, many analysts believe that there is still room for growth. The company's strong fundamentals and growth prospects make it an attractive investment opportunity, even at current valuation levels.
ETHUSD - Pick up the money?! Setting up for a BIG MOVEHello traders investors and community, today I share with you my opinion on ETHUSD and what will be the next.
The second-largest cryptocurrency is trading downwards in a channel, we will touch 50 and 100 EMA before falling again.
We have a falling volume what is always a characteristic of market change and big moves coming.
As you can see in my chart, there is support at 120 - 130 if we touch this support and get good volume and good momentum the scenario seen in my chart is likely to happen.
For my point, I will open a short position in ETHUSD when coming to local resistance and touching support zone cover my SHORT and open LONG position.
The actual setup is also excellent for SHORT on short to middle term because ETHUSD will highly likely fall more.
The information provided is only educational and should not be used to take action in markets.
Feel free to comment with your opinion and support.
"I wait until the money is ready and I just have to go there to pick it up. In the meantime, I do not do anything."
MFSL_05FEB2024Strong reversal on cards, Base consolidation and maintaining strict stoploss can provide big chance of making green. Singapore government is watching closely. Their entry bounce and reversal and bounce back.
Gold - Potential BreakoutHello Traders, welcome to today's analysis of Gold.
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Explanation of my video analysis:
With the beginning of 2013 Gold started to form a major higher timeframe rounding bottom formation. After the breakout in 2019 we then saw a bullrun followed by the current consolidation. Gold is now forming an ascending triangle which could lead to a massive breakout and I am waiting for a retest of the trendline mentioned in the analysis to add to my Gold longs.
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I will only take a trade if all the rules of my strategy are satisfied.
Let me know in the comment section below if you have any questions.
Keep your long term vision.
INDIAN BANK multiyear breakout attempt Indian Bank attempted the multiyear breakout at the level of 430-390. At this level indian bank attempted a breakout on monthly chart and than comes in a consolidation. Formed Doji & Shooting Star which symbols a consolidation within a range.
Further stock needs to give breakout and close above the previous two months levels i.e 460.
Volume spark and than consolidation while being in a up trend shows a slow accumulation in a stock.
Re-Test level is 380-390
🇬🇧 GBPUSD 🇺🇸 - Correction within the ascending channel The currency pair is forming a correction after a false break of the ascending channel resistance. The way is open to reach the lower boundary of the channel.
The fundamental background is favorable for the decline, as the news strengthens the dollar, which affects the pound sterling.
Suggested decline ↓:
1) false break of channel resistance
2) false break of 1.273 resistance
3) support retest
4) Consolidation before breakout
5) Correction phase
NEO - RELOADEDSince August 2023, NEO has had a strong run, as have many altcoins, growing ~141%. It is now trading above all EMA's and recently rebounded from the 20-day EMA as support.
NEO was one of the first 'larger' altcoins to break out of the bearish to bullish phase a few weeks ago. Since then, it has attempted to break the resistance at ~$15 - $15.60, 3-5 times resulting in long wicks. Each time, the resistance won and short-term support was found with the strongest at ~$11.19.
Provided BTC continues consolidating or growing, we can see NEO push even further, targeting the $20 area (67% gain). If this doesn't happen, we could see NEO continue consolidating in the value area between $11 - $14 or finding longer-term support around $9 before proceeding to try again.
If it consolidates, NEO could move to the top of the value area in the short-term for a modest 16% gain.
Please note I am not a financial advisor and this is not financial advice. All ideas are for educational purposes only.
Please feel free to leave your comments and thoughts below!
BUY TODAY SELL TOMORROW for 5%DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall
If this thing breaks out...2 weeks chart. The resistance at 4.5 was broken with tons of volume, no is testing the support. Risk and reward is good in this trade and it can break up very quick. I already have a long position, I may add next week depends on price action in the daily timeframe. Take in consideration that this is a 2 weeks chart so plan accordingly.
It's coming backNice rounding bottom, consolidating since April 2022. Is trading just above the support after testing it, good entry point. I just opened a long position, it could time several weeks to reach the target but the risk and reward is good. There is a lot of support underneath. I like this trade.
That resistance is not holdingPrice keeps pushing to break up the resistance. Has survived all sell offs from previous weeks, actually has tried to break out a few times and is still there pushing up. Break out can happen at any moment and this stock likes to travel fast. Use limit orders for TP, take some profit at 5.40 and leave the rest for the final target.
beast profitseasy money easy game easy life happy wife listen gentleman not ladies. i am going to make you richer than rich. get into pypl before you realize it is too late. I am long $4m call options expiring in 60 days because that's the exact amount of time for the breakthrough to happen. do not sleep. do not even eat. put all your money in this. BBE RICH WITH ME. BOOM POW RIGHT IN DA KISSA
Wont' take much longerPrice has been consolidation for 10 weeks. It has to break up eventually. Just wait patiently. Next important resistance after break is at 116 level. There is some room to go higher. We may have a rejection at the 110 level, I will use it to add to my long position. It may take a couple weeks more but the risk reward is worth the waiting.
GBPUSD - See how looks the BIG PICTURE?! Hello traders, investors and community! Today i am analysing GBPUSD in the short, middle and long term! Looking on the weekly chart for a overall perspective you can see on my chart that GBPUSD made a huge sellout from october 2007 to January 2009. After this it formed a triangle from january 2009 to march 2015 which you can see in blue on my chart, this triangle broke out to the downside and formed the second sellout from march 2015 to october 2016. Now we see an interesting chart formed in the past with a second triangle.
Short-term perspective: On the chart you see now that GBPUSD is just at the beginning of the C-line from the triangle (Third triangle move). On the short-term this is definitely a good possible opportunity to trade on the LONG side!
Middle-term perspective: The second triangle is just in progress now. And i am expecting that it will form in the next weeks/months. The outcome of a triangle is always unsure, wether it breaks to the upside or to the downside. Normally it moves in the direction formed before, with a probability of 70 to 30.
Long-term perspective: In the long run i see that GBPUSD is in an decision phase now, with a consolidation over a psychological level which will happen the next months. After this the triangle will probabily break-out, wether up or down. Normally, it should break down because GBPUSD made wo huge bear-moves before. The probability would be 70 % for this move to the downside, otherwise to the upside with a probability of 30 %.
This is a good example for consolidation periods and the outcome will be interesting! The triangle can be traded on own risk, of course this is only educational and should not be used to take action in the markets! Thank you everybody for watching!
Peace and love to everybody! Crypto, forex, stocks, give me anything, i will make it clear!
West Coast Paper is prepare for upmove Currently in consolidation stage .
Entry at 470 to 480
St at 453 Rs
6 months target 890Rs
It will start breakout from end of July and then again it will fly.
Wants to break outPrice has been accumulating for 3 months under an important resistance. It could break out at any moment, has been poking it several times. I just opened a long position, TP around the 15 level, use limit orders for TP this is a high volatile stock, For SL wait for a red daily candle to close for the same reason, price can drop but it also could bounce back up very fast due its volatility.
