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USDJPY → Price Struggles at Resistance, Eyes a PullbackHello, my wonderful friends of Ben! Recently, USDJPY has been struggling to maintain its peak around the 154.00 USD level. The bullish momentum of USDJPY has been hindered by several factors, including the ongoing Fed interest rate meeting. Fundamentally, today is a critical day for the market. At 19:00 GMT, the Fed’s interest rate meeting, with a 93% probability of a 0.25% rate cut decision, will take place. This will make the dollar less attractive. If the dollar starts to adjust downward, it will affect the corresponding currency pairs. However, I do not rule out the possibility that, amidst high volatility, the price could form a retest of the resistance level and a false breakout. Personally, Ben expects the price to consolidate below the resistance area around 155.00, with corrective pressure against the trend dominating in the near future. The current support level is around 152.01. If this level is breached, it could lead USDJPY to a deeper decline, potentially reaching 149.37. Best regards, Bentradegold!
Short
by Bentradegold
3
Exxon is oversold (the most since 2020)NYSE:XOM is inside it's sideways channel since March 2024 and trades within a price range of $108 - $123 with one failed breakout to the upper side in October. The recent pulldown came from commodity prices (oil) and political drama about how much oil will be offered in Trump's term. Of course, it would be best if supply will not outpace demand too much since this would let oil prices drop. Trump will learn this soon enough. Because of that it's mostly noise what we have seen in this chart. The level at $108 offered strong support twice and the sector (XLE) is also offering support itself. Also, the last time we've seen this stock so oversold was during the Covid crash in 2020. From a fundamental perspective, Exxon Mobil's recent performance highlights its strong investment potential. The company's total shareholder yield, combining dividends and buybacks, now exceeds 7%, offering substantial returns to investors. In Q3 2024, Exxon reported $8.6 billion in net profit, with a 25% production increase, partly due to the acquisition of Pioneer Natural Resources. Despite a 5% earnings decline from lower commodity prices, Exxon's diversified operations and strategic investments in alternative energy position it well for long-term growth. The recent stock price dip presents an attractive entry point for investors seeking robust returns in the energy sector. Target Zones $114.00 $123.00 Support Zones $108.00
NYSE:XOMLong
by LGNDRY-Capital
7
US Index (US30) – Daily Time Frame AnalysisUS Index (US30) – Daily Time Frame Analysis Overview: Today, let’s analyze the US Index (US30) on the daily time frame. Over the past several days, spanning more than a week, the trend has been distinctly bearish. Key Observation: The price is now nearing a significant key level in the range of 43,200–43,300. This area could act as a strong support zone, offering a potential opportunity for a long trade. Trade Idea: Entry Zone: 43,200–43,300 Monitor this range closely. Look for bullish confirmation signals, such as wick rejections, bullish engulfing candles, or other reversal patterns before entering a trade. Potential Target: If the setup aligns, the trade could aim for the previous week’s high. Keep in mind this move could take up to a week to materialize, but the potential gain from this trade could be significant. Important Reminders: Wait for Confirmation: Ensure a clear rejection or reaction at the key level before executing the trade. Focus on Risk Management: Safeguarding your capital is crucial. Avoid impulsive or revenge trading. Be Patient: Allow the trade to develop at its own pace; rushing can lead to mistakes. Trading is Reactive, Not Predictive: Respond to price action as it unfolds rather than trying to forecast the future.
ICMARKETS:US30Long
by KainT21
GBPUSD: Breaking the trend line!GBPUSD is currently trading around 1.2705 and has not changed much since the start of the trading session. Early Tuesday morning, data released by the UK Office for National Statistics (ONS) showed that the ILO Unemployment Rate remained unchanged at 4.3% in the three months to October, as expected. During the period, Employment Change increased by 173,000, while annual wage inflation, measured by Average Earnings excluding bonuses, increased to 5.2% from 4.9%. Although the negative shift in risk sentiment has helped the US dollar gain ground in the European session, the GBP/USD pair remains flat but could fall as the bullish trendline and technical factors are broken.
Short
by Trader-Briannnn
avaxusdt long"🌟 Welcome to Golden Candle! 🌟 We're a team of 📈 passionate traders 📉 who love sharing our 🔍 technical analysis insights 🔎 with the TradingView community. 🌎 Our goal is to provide 💡 valuable perspectives 💡 on market trends and patterns, but 🚫 please note that our analyses are not intended as buy or sell recommendations. 🚫 Instead, they reflect our own 💭 personal attitudes and thoughts. 💭 Follow along and 📚 learn 📚 from our analyses! 📊💡"
Long
by Golden_candle
DROP , BASE , RALLY Pattern DROP , BASE , RALLY pattern is my most favorite pattern to identify on charts and take trades accordingly. Simple explanation of this pattern is that '' price drops to a certain level and then starts accumulation or form base level with bit of liquidity hunt to the down side. Bullish rally begins after the liquidity hunt and formation of strong base. In this pattern we can take several trades by managing risk with the stop loss at previous low or high. This Pattern can be identify in any financial market with the accuracy of above 80%. (personal point of view on experience) Not a financial advice, trade on your own risk. Only for educational purpose. Regards: Javed ali nagri
Long
by javedalinagri
1
SUPERUSDT Long Setup / 2x-3x LeverageBINANCE:SUPERUSDT 📈Which side you pick? Bull or Bear Low-risk status: 3x-4x Leverage Mid-risk status: 5x-8x Leverage (For beginners, I suggest low risk status) 👾Note: The setup is active but expect the uncertain phase as well. also movement lines drawn to predict future price reactions are relative and approximate. ➡️Entry Area: Yellow zone 1.98-1.91 ⚡️TP: 2.12 2.23 2.36 2.49 🔴SL: 1.72 🧐The Alternate scenario: If the price stabilizes against the direction of the position, below or above the trigger zone, the setup will be canceled.
Long
by CrazyS
Gold continued its downward trend at the beginning of the week⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Gold price (XAU/USD) edges higher after dipping to the $2,644-2,643 range during the Asian session, a one-week low. This pause in its recent pullback from last Thursday's one-month high is supported by a softer US Dollar, driven by a slight retreat in US Treasury yields. Geopolitical risks and uncertainties surrounding US President-elect Donald Trump's policies also bolster demand for the safe-haven metal. However, expectations that the Federal Reserve (Fed) will take a cautious approach to rate cuts next year, given stalled progress in reducing inflation toward the 2% target, could support US bond yields and limit further gains for gold. Investors are likely holding back on major moves ahead of the much-anticipated FOMC meeting outcome on Wednesday. ⭐️Personal comments NOVA: Downtrend continues - Gold is under strong selling pressure before results of interest rate cuts ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2674 - $2676 SL $2679 TP1: $2660 TP2: $2650 TP3: $2640 🔥BUY GOLD zone: $2635 - $2637 SL $2632 TP1: $2645 TP2: $2658 TP3: $2670 ⭐️Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account
OANDA:XAUUSDLong
by Nova-Scalper
7
PEPSI to $182 - Up to 14% ROI PossibleNASDAQ:PEP stock is currently trading at a discount to its fair value. That's why traders and investors should have a look at this bluechip, especially given its low beta statistic. Of course, macroeconomic uncertainties, such as the University of Michigan's latest consumer sentiment survey (which projects inflation to rise to 2.90% from 2.60% next year), could have an impact on consumer spending, which could squeeze margins. Nevertheless, given the undervaluation, Pepsi has a safety net for things like that under current circumstances. When looking at the technical analysis we can se a big support zone at $158, where we are currently residing. The stock bounced multiple times from this zone in the past and could certainly do so again. Given the double bottom we have a good opportunity to get in the trade right now. Target one would be the descending trend line at $172 and target two would be the resistance zone at $183. That would give us a ROI of up to 14.24% in total. Closing below $156 on the daily would invalidate the trading idea. Target Zones $172.00 $183.00 Support Zones $156.00
NASDAQ:PEPLong
by LGNDRY-Capital
1
PSX : AVNTo predict the potential length of the third downtrend for Avanceon Ltd. (AVN), we can analyze the previous two downtrends and look for a pattern. Here’s a breakdown: -First downtrend lasted 46 bars (69 days) -Second downtrend lasted 48 bars (73 days) Both downtrends are similar in length, with a slight increase between the first and second. If we follow this pattern of slight growth in downtrend duration, we can estimate based on historical patterns, it’s reasonable to predict that the third downtrend could last approximately 74 to 78 days.
PSX:AVNLong
by ZaiwajTrader
1
$LCID will be catapulted to $4.3-5 range- This stock has been beaten down as it failed to reach the masses. - However, the cars are impressive in terms of technology and looks. - Tesla model 3 & Y looks ugly in front of stylish Lucid motor's cars. - A big reason why Lucid might have a good run way to go higher is because of Saudi funding. They have invested billions in this company and would be investing more. - Lucid cars were sold to Police department of Soudi to further support the lucid. - Recently, lot of hedge funds like DE shaw, Citadel increased their position in the company. - Can it go to double digits? - Maybe if there is a short squeeze - Would it go to $5? - Yes, Charts indicate that it should test $5
NASDAQ:LCIDLong
by bigbull037
BTCUSD 4-Hour Chart AnalysisOverview : I previously had doubts about whether BTCUSD would rise or fall, but this time I'm quite confident. There's a high probability that it will break through the middle line of the channel and start an upward trend. 📈 Key Technical Indicators : Ascending Channel Analysis : - Channel Middle Line Breakout: The price is poised to break through the middle line of the ascending channel 📊, which is a significant bullish signal. This suggests that the previous consolidation phase might be coming to an end, paving the way for a new upward movement. - Support & Resistance: The channel's support and resistance lines have been tested multiple times, indicating their reliability. The recent price action near the support line suggests a strong buying interest at these levels. 🔒 Volume Analysis : - Increasing Volume: Notice the increase in volume during the recent price movements 📈, especially around the channel's support line. This indicates growing interest from both retail and institutional investors, often a precursor to significant price movements. - Volume Spikes: The volume spikes at critical levels suggest strong market reactions, either to buying or selling pressure. The recent volume increase near the support line supports the idea of an imminent breakout. 💥 Fake Breakout : - Bearish Trap: The recent fake breakout below the channel support 👇 adds to the bullish narrative. This "fake breakout" often traps bearish traders, leading to a sharp reversal as these positions get liquidated. 🏦 Moving Averages : - Golden Cross: The crossing of the shorter-term moving average (yellow line) above the longer-term moving average (purple line) is a classic bullish signal, known as a Golden Cross 🔄. This crossover indicates a shift in momentum from bearish to bullish. Conclusion : - Given the current technical indicators, including the ascending channel, increasing volume, and the fake breakout, BTCUSD is poised for a significant upward movement 🚀. The breakout above the middle line of the channel will likely confirm this bullish trend. Keep a close watch on the middle line for confirmation of the breakout. 🔍 Trading Strategy : - Entry Point: Consider entering a long position if the price breaks above the middle line of the channel with strong volume. 📈 - Stop Loss: Place a stop loss below the recent support level to manage risk. 🛑 Take Profit: Set take profit levels at previous resistance levels or use a trailing stop to maximize gains. 🎯 Risk Management : - Position Sizing: Ensure your position size is appropriate for your risk tolerance. ⚖️ - Diversification: Do not put all your funds into a single trade; diversify across different assets. 🌐 Market Sentiment : - Social Media & News: Monitor social media and news for any significant developments that might affect Bitcoin's price, such as regulatory news or major adoption announcements. 📰
Long
by Alireza-Abedi
1