Get started

Happytrading

GBP/USD on the Move – Will the Bulls Take Charge?OANDA:GBPUSD - 1Hr Chart Current Price:1.27664 Executive Summary: The price is currently trading within an ascending channel after finding support during the London session on Friday, Nov 22. A breakout above the 1.26953 level, now acting as strong support, suggests continued upward momentum toward the ultimate resistance at 1.29395, offering a potential profit of 171 pips. Detailed Analysis: After analysing the chart, we observed that the price found support during the London session on Friday, Nov 22, and has since been trading upward within an ascending channel. The resistance at 1.26953 was broken and now serves as a strong middle support or equilibrium. This level acts as a balancing point, where price often pauses, retests, or consolidates before continuing its trend. It works as a critical area of decision-making for traders, offering opportunities for price rebounds in an uptrend or potential breakdowns in case of bearish pressure. The price is expected to rise toward the ultimate resistance at 1.29395, as highlighted on the chart, with a potential profit of 171 pips. Bearish Scenario: In the bearish scenario, if significant selling pressure drives the price below the 1.26953 middle support, it could signal a potential shift in market sentiment. This middle support currently acts as a critical level, maintaining the upward momentum. A break below it may invalidate the bullish structure, leading to further declines. In such a case, the price is likely to target the next key level at the ultimate support of 1.24512. This level represents a strong foundational support where buyers might step in to stabilise the price and counteract the bearish momentum. Key Levels to Watch: • Middle Support: 1.26953 (Strong support and potential bounce level). • Ultimate Resistance: 1.29395 (Target level for upward momentum). • Ultimate Support: 1.24512 (Potential downside target if support breaks). Thank you for taking the time to read this analysis. Wishing you the best in your trading journey! Remember to always follow proper risk management strategies to ensure long-term success in the markets. Good luck with your trades!
Long
by SpicyPips
BTC/USD: Bull Market Confirmed! Here's What's NextAfter careful analysis, it's clear we've entered a bull market for BTC. The global correction wave 4 concluded in November 2022, and the recent price actions offer confirmation. Here are the key takeaways: The trend from 23rd November 2022 presents as a robust bullish impulse. All impulse waves and corrections looks nice and well-balanced. The waves within this trend are well-proportioned and align with various Fibonacci levels. It's almost too good to be true! We're currently riding wave 5 of the initial bullish impulse. Expect bullish momentum to persist until the end of November. Following that, prepare for a retracement back to the ~$25000 region before we launch into a massive bull run for 2024!
BITSTAMP:BTCUSDLong
by tim13l
EURUSD Trade SetupTimeframe: 1-H Trade Signal #Forex #EURUSD #TechnicalAnalysis #TradingOpportunity #Divergence #TradingSignal Hey traders! 👋 Let's dive into a potential trading opportunity on the EURUSD pair using technical analysis. 📊 📉 Previously Bearish Trend: Firstly, on the 1-H timeframe, we've been witnessing a Sideways in the EURUSD pair. 🐻 📊 Trade Opportunity: Currently, we are looking at a potential trade opportunity with a Bullish & Breaish Bias. 💰 Investment Advice: Please remember that trading carries risks, and it's essential to have a well-defined trading plan, proper risk management, and stop-loss orders in place. This analysis is for educational and informational purposes only and should not be considered as financial advice. Make sure to do your research and consider your risk tolerance before entering any trade. Happy trading, and may the pips be in your favor! 🚀📈💰 #HappyTrading #ProfitOpportunity #TradeSmart
by TradingwithBelieve
Strong Buy Signal ETHUSDT.PTimeframe: 15 MIN Trade Signal #Forex #ETHUSDT.P #TechnicalAnalysis #CryptoSignal #TradingOpportunity #Divergence #TradingSignal Hey traders! 👋 Let's dive into a potential trading opportunity on the ETHUSDT.P pair using technical analysis. 📊 📉 Previously Bearish Trend: Firstly, on the 15- timeframe, we've been witnessing a bearish trend in the ETHUSDT.P pair. 🐻 📊 Trade Opportunity: Currently, we are looking at a potential trade opportunity with a Bearish bias. 📈 Buy Level \ Entry Price: 1636.70 🎯 Stop Loss Level: 1630 🚀TP1: 1643 🚀TP2: 1649 💰 Investment Advice: Please remember that trading carries risks, and it's essential to have a well-defined trading plan, proper risk management, and stop-loss orders in place. This analysis is for educational and informational purposes only and should not be considered as financial advice. Make sure to do your research and consider your risk tolerance before entering any trade. Happy trading, and may the pips be in your favor! 🚀📈💰 #HappyTrading #ProfitOpportunity #TradeSmart #CryptoSignal
Long
by TradingwithBelieve
BTC Pi Cycle Bullrun SignalHello friends Today im going to show you a good reason for next Bullrun in Bitcoin. Pi cycle includes 2 Moving Average: One Long MA and One Short MA. when we devide this 2 MA the result equals PI number (around 3.15) The best Long MA is 471 DAY and the best Short MA is 150 DAY. I illustrate them in BLX chart and yo see the last 2 times that Pi cycle Bottom works properly. the first Bottom was on JAN 2015 and second Bottom was on JAN 2019 and NOW on JAN 2023 (as i show them with Red Circles in my chart) the indicator signal a Potential Bottom for BTC. If Short MA (RED) surpass Long MA(GREEN) we call it a PARABOLA and the Bottom confirmed. If you think more about that you understand this cycle happened every 4 years actually on January. 2015 - 2019 and NOW 2023. So i explained Technical and Time Cycle Analysis for this Strong Indicator. Hope it predict Bottoms WELL. Be Profitable Thank You for reading my Idea Share me your Opinion. Do you think BTC make a bottom NOW?
BNC:BLXLong
by TraderAmin-KZ
5
Happiest Mind 61.8% Fibonacci Positional TradeFibonacci 61.8% retracement is the most important Fibonacci level in the markets and is a good trading strategy when combined with price action. This retracement level is most likely to generate a reversal price move. Happiest Mind once bounced from 61.8% Fibonacci support in the month of July 2022. Currently, it is retesting the same support area and there is a probability that it might bounce from here again. Considering the good risk-reward ratio, there is a good positional trade opportunity here. If the price sustains 750 levels, there is a possibility that it might test 1000 levels initially and then 1400 levels this year.
NSE:HAPPSTMNDSLong
by manuagarwal21
Happy New Year!• Being wrong is not a bad thing. • It's Okay to question what you have been taught. • Grades aren't as valuable as skills. • Understanding is more important than memorization. • Making mistakes is Okay. Learn from your mistakes. • Be humble. • Be teachable. • Humility is necessary for growth. • Teach your children early what you learn late in life. • There's always room for a new idea. • Pay close attention to those that don't clap when you win, they are not your friends. • Do not despair. • Do not give up. • Look for the sunlight through the clouds. • The universe is bigger than your view of the universe. Wish u all the best for 2023!
COINBASE:BTCUSDLong
by thecryer
2
Happiest Mins - Positional TradeThe stock formed a Bullish Engulfing candle in the month of July 2022, since then the stock has been consolidating within its range i.e 813 - 1027 . It's been 3.5 months and the stock has been moving in the said range, suggesting that it might be getting ready for a trending move. Since the first candle (July 2022) is a big bullish candle, followed by consolidation, chances are high that we gonna probably see a trending move on the upside. The current risk-reward also looks favorable for this positional trade. CMP:992 Target 1200, 1300- 1350 Stop: Below 940 or 900 ( as per risk capacity) Immediate support @ 955-944 Immediate resistance @ 1000-1015. One can time trade on the basis of an hourly or daily chart. Disclaimer : Trade at your own risk
NSE:HAPPSTMNDSLong
by manuagarwal21
1
XAGUSD (Silver)Update: Silver retraced 78.6% of Fibonacci level leading to our target at 20.66 Still considered to be in bearish market as we have not yet broken above daily counter trend break (can anticipate a deeper retracement). Early bullish entries therefore needs to be taken with smaller risk on lower timeframe. Market has respected daily trendline support, and moving towards potential future daily resistance (long term). As of the time posting this, retail sentiment changed bearish(most retail traders tend to lose money). From current price we are about 150 pips away from target. I am looking for break and re-tests of resistance levels on 1 hour timeframe with counter trend break bullish and wick rejections at these levels for entries. Stop loss below market support structure Take profit 3x risk lot sizes: 2 to 5 lots I have my eyes and alert on price 18.905 for retest of 1 hour resistance becoming support. I believe that if the dollar gains strength against Japanese Yen this trade idea may not work, however given signs of bullish weakness to break above resistance on USDJPY we can potentially see investors moving from the dollar to commodities momentarily until its confirmed that there is uncertainty in the FX market which will cause the dollar to become weaker for the time being. Until then I still hold my positions on USDJPY and looking to move some cash into silver (risk off). #happytrading
FX:XAGUSD
by TradingfortheFuture_
GBPUSDGBPUSD: According to monthly timeframe, market is oversold. Market has been at its lowest dated back to 85'. September candle closed with wick rejection bullish (doji candle). market has potential retest of monthly support becoming resistance. Due to the above I therefore believe the market may need a correction before a potential run bearish again. Daily timeframe shows strong bearish trend. Support at bottom blue level, and resistance at top blue level. We are still within a daily ABCD Fibonacci sequence bearish. A break below daily trendline support in September thereafter the market made a huge pullback to 61.8% retracement level. Potential Gartley sequence forming should the market find support at bottom blue level where we can expect the market to begin a rally towards the top blue level for resistance and then continuation bearish for future daily low and future daily fibonacci target. If dollar strength continues one can expect the continuation to play out, if dollar losses strength we can expect a new bullish trend for the longer term. If the market breaks above resistance trendline and does not form the "D" gartley at this level I'll step back and not expect the bearish continuation until further analysis. Of course this is a long term setup, so this could take weeks/ months/ years. But the important thing is getting direction right which will give a trader an edge on the market and to deploy their selling or buying strategy. #Successformula
by TradingfortheFuture_
NZDCADBottom blue levels indicate monthly support. Market reached support, also fulfilled Daily Fibonacci "D" extension. Anticipating market movement towards monthly resistance (after Fibonnaci extension hit market begins new retracement phase). Monthly = Direction Daily = High or Low price 1Hour = entry According to daily timeframe we are at a low price, still forming new Fibonacci "ABC" sequence. Getting early entry on lower timeframe (1Hr) as market is forming higher highs and lows. Also notice the head and shoulders pattern formation at monthly support. Fundamentals in favour of NZD at time of posting this. LOTS of retail sellers in the market as we know most retail traders tend to lose money... Entry: 11:00AM SA time SL: 0.77563 TP: 0.78821 (next resistance) Lot: 0.5
by TradingfortheFuture_