GBPJPY (4Hr) Double Bottom Breakout and RetestGBPJPY formed a Double Bottom pattern on the 4Hr and 1Hr time frames with the left bottom at 179.47, right bottom at 179.73 and the neck region at 182.28. The height of the pattern is approximately 280pips.
The neck region was broken to the upside on 21 July with price reaching 182.51. A pullback to the July 10 trend line at 181.20 was seen shortly. This trend line provided a good support and turned the price northward from 181.10.
We need to see price reclaim 182.52 to open the door for long opportunity to 184.10 (first); then 185.10 levels.
Longposition
EURAUD Buy at 1.6362 (has been trading in a bullish trend since)
Setup: The EURAUD is trading in a bullish trend and has recently broken out above the 1.6362 resistance level.
Entry: Buy at 1.6362 with a stop loss below 1.6316.
Target: 1.6450 and beyond.
This trade is based on the following technical analysis:
The 1.6362 resistance level was a key level of resistance, and the break above this level is a bullish signal.
The RSI indicator is in the overbought zone, which suggests that the trend may be nearing exhaustion.
The MACD indicator is bullish, which also supports the bullish trend.
The risk to reward ratio for this trade is favorable. The stop loss is relatively small, and the potential profit is significant. However, it is important to remember that no trade is guaranteed, and there is always a risk of loss.
USDCAD Prediction on 21.07.2023The USD/CAD pair maintains its bullish trajectory, continuing to showcase an upward trend. This signifies that market participants are expecting a rise in the value of the US Dollar against the Canadian Dollar. The bullish outlook is driven by a combination of factors, such as a robust U.S. economy, favorable interest rate decisions by the Federal Reserve, or potentially weaker Canadian economic indicators. Traders are encouraged to leverage this bullish sentiment, but also remain vigilant of any changes in market conditions, geopolitical events, or economic data releases that may affect the currency pair's trajectory.
Agnc Investment Corp Price Prediction! To The Upside Here We Go!• Price Created The Bullish Continuation Pattern (Falling Wedge) Starting 2nd February 2023 Till 25th May 2023.
• While Creating This Pattern, The Price Reacted & Bounced Back From 0.786 Fibonacci Level 26th May 2023 Suggesting The Retracement Been Completed.
• 30th May 2023 The Price Broke The Falling Wedge Trendline Followed By Minor Correction On 1st June 2023.
• I Prefer To Enter It On 1st June 2023 Opening & Since Then Price Move Upwards & Reached Its Peak On 27th June 2023 Simultaneously Completed The Double Top Pattern Signalling/Hints A Potential Reversal To The Downwards. I Sees It As A Minor Correction Before The Price Goes Higher
• During The Downwards Movement, Price Reacted & Bounced Back From 0.618 Fibonacci Level. If You Entered On 6th July During The Retracement, Potential Gain Of 9.32% @ Usd 0.88 Been Achieved
• Now The Price Is Testing The Previous Double Top Pattern & Successfully Breaks It Only By A Shadow On 13th July 2023.
• Nevertheless, The Downside Risks Always Exists. Always Trade With A Proper Risk Management & Stop-Loss Intact.
Trading Strategy:
Entry At Usd 9.17 (1st June 2023 Opening Price)
Take Profit Price:
-Tp 1 : Usd 10.86 @ 18.54 % Of Potential Profit/Return
-Tp 2 : Usd 12.22 @ 33.26% Of Potential Profit/Return
Cut-Loss : Usd 8.57 @ 6.54 % Of Potential Losses
Entry At Usd (7th July 2023 Opening Price)
Take Profit Price:
-Tp 1: Usd 10.86 @ 15.01 % Of Potential Profit
-Tp 2: Usd 12.22 @ 29.18 % Of Potential Profit
Cut-Loss : Usd 9.05 @ 4.33% Of Potential Profit
-]Always Trade With Your Stop-Loss Intact!
-Trade At Your Own Risk (T.A.Y.O.R.)
Lets Continue To Monitor The Price Movements Together & Share Your Thought Below!
PEPEUSDT : ROUND 2 : BUY SIGNALSup.
It's not exactly been the balls-to-the-wall explosive start I'd have liked for the bullrun, but at least it's heading in the right direction.
For those of you looking for another opportunity to get into PEPE, now's your chance.
There's another great opportunity I doub't many of you know about.
It is, to my knowledge, the cheapest crypto listed for perpetual leveraged trading on any large exchange, so check it out.
Current price is ~$0.000000000100
Ticker name: AIDOGE
dub.sh
Do the math..
$ACAD will need to finish correction before starting a long
NASDAQ:ACAD - expecting a turn 180 degree and beginning of the moddle-term long position.
NASDAQ:ACAD :: HKEX:18 -> HKEX:30 ::67%::Oct 2023
Does not constitute a recommendation.
#investing #stocks #idea #forecast #furoreggs
Please, subscribe and challenge my point of view )
AUDJPY Intraday Trade As we can see, the price has broken the major trendline and confirmed with 4H candle, in the 1h timeframe we can see double bottom and has broken the neckline, 2 confirmation valid.
if we go to the 30m timeframe, we can see the bullish structure that we can use for entry
this is just intraday trade, maybe the major trend and minor trend doesnt match, but we can take little by little from the movement, note that
our target is 95.052
let see...
dyor
BTC more likely to rise after bear trap
* 4H
BTC was dumped due to FUD last week. But this was a bear trap and a long squeeze.
If you look at the linear chart, it's supported by an uptrend line starting at 24.8k, and it's rolled up quickly with triangular convergence.
It's slowly going up, supporting the bottom of the triangular convergence and the uptrend line.
On this basis, it seems more likely to rise.
BTC is currently staying in the 29.5k to 31.5k box range with Triangle Convergence, but after a little more sideways, I think it will show direction sooner or later.
NAS100 Simple Chart Analysis2023 = Recovery Year For Tech Stock ( Come Watch How This Recovery Being Explained )
Nas100 - Highest Rst 16590 Supp 10674
How to view the guidance via chart ( Refer back to pin message guidance if to trade )
Red Line = Support
Blue Line = Resistance
Light Blue = bullish/bearish pattern
Arrow = Double/Trip top/bottom
Red Chip = $$
Green Chip = XX
Potential BTC move towards CME GAP Hey Guys,
Another update:
I think my view is still valid.
Think we wil see a pump towards maximum $31000 area, then aggressive correction followed by some consolidation and move maybe further up or moving further down and eventually we might see lows.
How low? I think first we see $20000 - $19800 area with lows around $17350. If this area not holding we can see the very lows before summer between $12000-$14000. This area is a massive buy order for me if it come that far! Lets see my friends. Hope you enjoy my update. Appriciate your thumbs up! Wish you all a ver nice day!
Thank you!!
****Its my tradingplan and its not financial advise****
Cryptodjens
Indications that there may be some potential additional valueNYSE:BHG BHG's current price level of $13.45 Entry. Indications that there may be some potential for additional value creation if the stock continues to perform well over time. Bullish on BHG as long as its current price remains above its 52-week low and it has not recently fallen below its 200-day moving average price level or below its 50-day moving average price level. Additionally I'm considering holding shares of BHG for the long term, I believe they will continue to perform well over time based on their current performance and prospects for future growth potential.
Price target $51.5
ETHUSDT reaches a solid support level! 🚀🚀🚀📍 Hello traders, today we are looking at BINANCE:ETHUSD 1h chart in order to identify what is happening to CRYPTOCAP:ETH right now. It seems that CRYPTOCAP:ETH , after a considerable drop, has entered a strong support level right now. This level is at $1865 as you can see in the chart.
📍 Trading at $1875 is happening right now which is exactly below our support. This means that we are going to see the price moving upwards and check again when it will reach the first resistance of $1906.
✔ Recommended trading strategy : As we have entered the support level of $1865, which was a solid support level in previous periods as well, I assume that the price is going to grow more, moving inside the regression channel till it reaches resistance level 1. If this happens fast we have a potential to reach the 2nd resistance level which is at 1936.
⚡Please hit the like button and
⚡Leave a comment to support our team!
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.
GOLD major longGOLD LONG
here we have gold on his way to fill many of the unfilled orders that it made when it made a change of character we have two major areas of demand that have absurd potential to flip the lrice after the downtrend it's been making amd will continue to make until it reacts on one of these areas, if price broke the highest area it will continue for sure to the next to fill any remaining orders and definitely there are, it WILL reject on that lower level for sure because there will be a strong demand basically from everyone, governments, the fed, hedge funds, retail...
Basically no one wants to see gold go lower than 1600 and that is a fact, considering where the world is going and the war that is just starting up, everyone know what's going to happen anyways, people are just waiting for it
If you could BUY GOLD with everything you got
And if you don't just BORROW AND DO IT ANYWAY
CZ THIS IS GOING TO MAKE YOU RICH FOR A FACT
Hope my message reach you somehow
Alhamdulilah 🙏🏽
USD/CAD Prediction on 06.07.2023The current market conditions indicate that the USD/CAD pair continues to exhibit a bullish trend. The US dollar has been demonstrating strength against the Canadian dollar, leading to an upward trajectory in the exchange rate. Several factors contribute to this bullish sentiment.
Firstly, the US economy has shown resilience and robustness, bolstering the appeal of the US dollar as a safe haven currency. Strong economic indicators, such as GDP growth, employment figures, and consumer confidence, have fueled investor confidence in the US dollar's stability.
Secondly, geopolitical factors have also played a role in the bullish outlook for USD/CAD. Global events, such as trade tensions, political uncertainties, or geopolitical conflicts, have a significant impact on currency pairs. As traders seek refuge in safer currencies like the US dollar, it often leads to an increase in its value relative to other currencies, including the Canadian dollar.
Additionally, monetary policy divergence between the US Federal Reserve and the Bank of Canada has influenced the bullish sentiment. The Federal Reserve's monetary tightening measures, including interest rate hikes or tapering of quantitative easing, can attract foreign investments, driving up demand for the US dollar. Meanwhile, the Bank of Canada may adopt a more dovish stance, keeping interest rates lower to support economic recovery, which can put downward pressure on the Canadian dollar.
However, it is important to note that the foreign exchange market is dynamic and subject to various factors that can influence currency movements. Therefore, it is crucial for traders and investors to continuously monitor market conditions, economic indicators, and geopolitical developments to make informed decisions regarding the USD/CAD pair
Downing to Support at $155 | LONG BiasDaily Chart
Monero's ( BINANCE:XMRUSDT ) pulling back to Support Zone around $155
I expect Monero will go up Swing High at $172 and further at $212
Wait and see the next move