AVGO LOOKING BULLISH DEC 12 2024AVGO is looking very good to go long at cmp. If you do understand the risk then you can go ahead and trade. If you don't understand the risk of a breakout then you should stay out of it.
Do not trade options at all
I am long here at current price and expectation is a green candle.
Longsetup
AUCTION ANALYSIS📊 #AUCTION Analysis
✅There is a formation of Falling Wedge Pattern on daily chart with a good breakout and currently retesting the major resistance zone🧐
Pattern signals potential bullish movement incoming after a breakout of major resistance zone
👀Current Price: $18.85
🚀 Target Price: $29.90
⚡️What to do ?
👀Keep an eye on #AUCTION price action and volume. We can trade according to the chart and make some profits⚡️⚡️
#AUCTION #Cryptocurrency #TechnicalAnalysis #DYOR
TradeCityPro EURJPY Analysis Key Opportunities Ahead👋 Welcome to TradeCityPro Channel!
Let’s move beyond crypto and analyze the popular EUR/JPY currency pair from both fundamental and technical perspectives, preparing for potential triggers in the days ahead.
🌍 Fundamental Overview
Monetary Policy: The ECB’s hawkish stance strengthens the Euro, while the BoJ’s dovish policies weaken the Yen.
Economic Data: Eurozone GDP and inflation drive the Euro, while Japan's industrial performance and exports influence the Yen.
Risk Sentiment: The Yen gains during risk-off scenarios as a safe haven, while the Euro thrives on Eurozone stability.
Geopolitical Events: The Euro reacts to EU political shifts, while the Yen benefits from global tensions, such as those in the Middle East.
Yield Differentials: Higher bond yields in the Eurozone compared to Japan attract capital flows to the Euro.
Current dynamics show the Euro is stronger, but shifts in risk sentiment or changes in BoJ policy could favor the Yen.
🕒 4-Hour Time Frame
On the 4-hour timeframe, we’ve seen price rejection from the 166.63 resistance level, followed by a downward move. After breaking the descending trendline, the price retraced to the 50% Fibonacci level, creating potential setups:
📈 Long Position Trigger
After breaking the 159.849 level and Fibonacci resistance, a long entry is viable, targeting 162.104. An RSI breakout into overbought territory could add momentum.
📉 Short Position Trigger
If rejected at resistance and breaking below 159.331, a short position is possible, targeting 157.80 or the significant support at 155.119.
Stay alert for confirmations to act on these scenarios.
📝 Final Thoughts
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
BNB Long Setup / Use at least 2x-3x leverageBINANCE:BNBUSDT
CRYPTO:BNBUSD
📈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 655-680
⚡️TP:
714
754
🔴SL:
617
🧐The Alternate scenario:
If the price stabilizes against the direction of the position, below or above the trigger zone, the setup will be canceled.
fil filusdt midterm 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! 📊💡"
update of filusdt.I think the bulish trend will start soon.
MDLZ $72.00 - Don't Miss Out on This 18%NASDAQ:MDLZ announced it would like to buy NYSE:HSY which led to a drop to $60. The sell-off came with a high volume and an oversold RSI. The buyers were able to buy the stop up to $61.44 getting it into the support zone. The sell-off did also respect the current bearish channel we're in. From this point on we could see a little bounce or the start of a new bullish phase inside this huge sideways channel.
Our first target would be the resistance at $64.22. If we bounce from this we could see another leg down which is why we should take profit here and move the stop-loss to break-even. If the stock decides to use its momentum for more we could target the area at $73.00. We exit this trade if the stock closes on the daily chart with a candle below the support zone of $60.67.
Resistance / Target Zones:
$64.22
$73.00
Support Zone:
$60.67
Let me know what you think!
GOLD NEXT MOVEDear Friends,
Let’s take a closer look and trade accordingly.
From the chart, we are witnessing a promising setup as the price has successfully broken out of the consolidation phase, reaching the $2726 level.
Theoretically, based on Elliott Wave Theory, the pair is currently moving within Wave 4, a corrective wave following the completion of Wave 3, which closed below the $2722 level.
What’s next? The price is likely to test a key liquidity zone, building momentum for a strong Wave 5, targeting $2758—a compelling and significant resistance level.
Good luck, and may you achieve abundant profit:)
Gold → Breaking through channel resistance. New ATH target?Hello everyone! Ben here!
Today, gold has officially broken out of the price channel, while the bulls are striving to maintain control, defending the key support level around 2665. This level was formed in the context of a weakening USD after signs of correction. The precious metal is now facing significant growth potential, with the opportunity to distribute prices at local highs in the near future.
Macroeconomic factors are playing an essential role in supporting gold prices. Concerns over rising tensions in the Middle East continue to drive safe-haven demand, making gold a highly sought-after asset. Meanwhile, the U.S. jobs report released last Friday has fueled expectations that the Federal Reserve (Fed) might consider cutting interest rates in its December policy meeting, which is generally a positive signal for gold prices.
However, gold's growth outlook still faces short-term challenges. Investors are currently awaiting key inflation reports, including the Consumer Price Index (CPI) and the Producer Price Index (PPI). Both reports are expected to provide critical signals for the Fed's monetary policy direction and could create substantial market volatility.
From a technical perspective, the main trend remains bullish, but prices are currently testing strong resistance. To reinforce upward momentum, gold needs to break out of this resistance zone and sustain above it. If this happens, prices could quickly move to new highs. However, if prices fail to break through, a retest of key support areas around 2677 (Fibonacci 0.618) and 2663 (Fibonacci 0.5) should be anticipated before the uptrend can continue.
Share your evaluations and questions about XAUUSD so we can discuss further!
#BTC Potential Long Setup
looking at the Volume increasing now and the Breakout of the Value Area High with Confluences also from the WVAP i personally could now imagen that this Drop what we had was the last Drop for now to catch everything deeper.
i will take a Risk and it is my Personal thought that we will see those Targets on BTC:
📈 Entry CMP : 101164
🛑 SL: 97993
🎯 Target 1: 105710.5
🎯 Target 2: 112919.0
🎯 Target 3: 124707.0
🎯 Target 4: 136410.0
🎯 More TP: 140k - 150k
also do your own Reseach this is my own idea.
Cheers to all and happy Trading.
Gold recovers! Break and move uptrend⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold price (XAU/USD) continues its weekly rally for the third straight day on Wednesday, reaching a two-and-a-half-week high during the Asian session. The metal aims to sustain its momentum above the $2,700 level, supported by multiple factors. Geopolitical tensions from the escalating Russia-Ukraine conflict, unrest in the Middle East, and concerns about US President-elect Donald Trump's proposed tariffs drive safe-haven demand. Additionally, expectations of rate cuts by major central banks further bolster the non-yielding yellow metal.
However, the US Dollar's (USD) recent rebound to a near one-week high on Tuesday limits further gains for USD-priced Gold. Moreover, traders remain cautious ahead of today's US consumer inflation data, which could shape the Federal Reserve's policy decision next week, influencing the USD and Gold's direction. Despite this, the broader outlook suggests that the XAU/USD remains biased towards further upside movement.
⭐️Personal comments NOVA:
The large time frame is showing a strong recovery in the 2700 price range. Continue the short-term uptrend, waiting for a bearish price reaction at 2722
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2720 - $2722 SL $2727
TP1: $2710
TP2: $2700
TP3: $2690
🔥BUY GOLD zone: $2685 - $2683 SL $2680 scalping ( Asian and European sessions )
TP1: $2690
TP2: $2695
TP3: $2700
🔥BUY GOLD zone: $2673 - $2671 SL $2666
TP1: $2680
TP2: $2690
TP3: $2700
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY 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
fil filusdt midterm long btc dominance"🌟 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! 📊💡"
I expect having pulback into box, we can consider bulish trend if the box break
Breakout Alert: High-Potential Long Trade Setup in IXIGOIt highlights a descending channel pattern in IXIGO, a common technical analysis formation where price moves between two parallel trendlines sloping downwards.
Key Points:
Resistance (Red Line):
The upper trendline acts as a resistance level where the price faces selling pressure.
It has been tested multiple times, confirming its validity.
Support (Green Line):
The lower trendline serves as a support level where the price typically finds buying interest.
This line also has multiple touchpoints, validating its significance.
Breakout Attempt:
The latest candle shows a strong upward move (+8.87%), attempting to break out of the resistance zone.
Such a breakout might signal a potential trend reversal if it sustains above the channel.
Trading Strategy:
Bullish Case:
If the price sustains above the resistance trendline with good volume, it could indicate the start of an uptrend. Targets can be set using Fibonacci retracement or previous swing highs.
Risk Management:
Place stop-loss below the breakout candle for long positions.
Adjust the stop loss upward as the price progresses to secure profits
Binance Coin Long Setup Setting / Next Alt-Season BasketBINANCE:BNBUSDT
OKX:BNBUSDT
📈Which side you pick?
Bull or Bear
SL1 ---> Low-risk status: 3x-4x Leverage
SL2 ---> Mid-risk status: 5x-8x Leverage
(If there is just one SL on the chart, I suggest, low risk status)
Considering the price trend in its previous channel, by repeating the stabilization of the price at the bottom of the second parallel channel, it can be expected that the price will continue to move up to the top of the new channel.
The price breaking above the specified level can increase the certainty of the realization of the price target.
The price falling below the red level cancels the bullish scenario of Binance Coin.
Potential price targets for the levels will be $950 and $1,447.
👾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
⚡️TP:
950
1447
2340
3515
🔴SL:
252
🧐The Alternate scenario:
If the price stabilize against the direction of the position, below or above the trigger zone, the setup will be canceled.
Technical Analysis Report: Balmer Lawrie & Co. Ltd.Overview:
Balmer Lawrie & Co. Ltd. is showing key technical setups, offering potential trading opportunities. Here's a concise breakdown based on the daily chart analysis.
Key Observations:
1.Fibonacci Retracement:
The stock retraced to the 0.5 level at INR 225.00 and rebounded from the 0.382 level (INR 202.40).
2.Chart Patterns:
An inverse head-and-shoulders pattern signals potential reversal, with a target of INR 263.45 if INR 249.54 is breached.
3.Moving Averages:
Near-term support: 20-day EMA (INR 232.30) and 50-day EMA (INR 238.84).
Resistance: 200-day EMA (INR 245.56), aligning with the pattern neckline.
4.RSI Momentum:
RSI at 58.36 suggests mild bullish momentum, with room for upside.
Key Levels to Watch:
Resistance: INR 249.54, INR 263.45, INR 279.95.
Support: INR 238.00, INR 225.00, INR 202.40.
Potential Scenarios:
Bullish: A breakout above INR 249.54 could lead to INR 263.45 and potentially INR 279.95.
Bearish: A rejection near INR 249.54 may push prices back to INR 238.00 or lower.
Volume Analysis:
Rising volume indicates renewed buying interest, supporting a bullish outlook.
Conclusion:
Balmer Lawrie & Co. Ltd. is poised for a potential breakout above INR 249.54. Traders should monitor key levels closely and manage risk accordingly.
Disclaimer:
This analysis is for educational purposes only and not financial advice. Conduct your own research before investing.
Gold--> Is the Upswing Just Starting or Is a Pause Ahead?Hello, Amazing Friends of Brian! Let's Strategize for Today's Market!
Gold continues to showcase its resilience today, with prices trending higher and currently hovering around the $2,700 mark, up 0.22% on the day. This movement reflects a growing appetite for the safe-haven metal amid mounting uncertainty in the Middle East and speculation about a potential rate cut by the Federal Reserve. These factors are providing robust support for gold in both the medium and long term.
Yet, as the market digests these developments, the critical question arises: Can this bullish momentum sustain, or are we approaching a potential correction? Much of the answer hinges on the trajectory of the U.S. dollar, which remains a decisive force in gold’s price action.
From a technical perspective, gold is fast approaching a significant resistance level at $2,720. A breakout above this mark could ignite further buying interest, paving the way for an extended rally. Conversely, failure to breach this level might trigger a short-term pullback. However, the overall bullish structure remains intact, as evidenced by the upward trendline on the 1-hour chart.
Looking ahead, I anticipate gold to continue its upward journey, with any correction near resistance presenting a strategic buying opportunity. Key targets to watch include $2,750, $2,790, and $2,800, as highlighted on the 3-hour chart.
Let’s seize these market opportunities together—wishing you all a profitable trading day!
EURUSDThe EUR/USD pair continues to trade below the 34 and 89 EMA levels, signaling a short-term bearish trend. Despite attempts at consolidation in recent sessions, the pair remains under pressure, weighed down by a stronger U.S. dollar, geopolitical uncertainty, and diverging monetary policies between the Federal Reserve (Fed) and the European Central Bank (ECB).
The U.S. dollar has extended its rally for the third consecutive day, with the Dollar Index (DXY) climbing past the 106.60 mark. This persistent strength has added significant downward pressure on EUR/USD, leaving the pair vulnerable to further declines as market dynamics unfold.
From a technical perspective, traders should focus on two key resistance levels. These areas could provide optimal entry points for positioning, with the primary targets set at well-defined support zones. Monitoring price action around these levels will be crucial to aligning strategies with the prevailing market trend.
Stay disciplined and vigilant as you navigate today’s trading opportunities. Wishing you success and profitable trades!
Tesla’s Golden Zone Bounce: Are We Heading to $460?Tesla has shown remarkable price action after sweeping the sell-side liquidity on the monthly chart at $152.49. Price tapped into the Golden Zone (OTE) and closed strongly above the sell-side level. This confluence, combined with robust candle closures, signals potential upside momentum.
Key Levels to Watch:
Immediate Target:
Price is aiming for the $460 range, marking a full swing move.
Retracement Zone:
If a retracement occurs, look for a pullback into the High-Probability Fair Value Gap (FVG) near $300.61. This zone could act as a strong support for another leg upward.
Conclusion:
Short-term: Price targets $460.
Medium-term: Watch for retracement into $300.61 before further upside potential.
DYOR (Do Your Own Research)!
Gold-> Testing Resistance Levels: A Decline or a False Breakout?OANDA:XAUUSD currently consolidating within a descending channel, trading near $2,669. Technically, investors are caught in a dilemma, and the fundamental backdrop remains murky. So, what will happen next with the precious metal?
The focus early in the week shifts to demand catalysts, with news of the People's Bank of China continuing its aggressive gold buying capturing attention. This, coupled with expectations of further monetary easing, creates a supportive foundation for gold prices. Traders are pricing in an 87% probability that the central bank will cut interest rates by another 25 basis points during its meeting on December 17-18. However, despite these factors, the path forward is far from clear. Theoretically, it remains uncertain whether prices can climb higher as they approach a strong resistance level and traders remain cautious ahead of key economic data like CPI and PPI, which could shift market sentiment.
From a technical perspective, the market seems to lack a decisive trigger to escape its current consolidation phase. Personally, I foresee a high probability of a false breakout in the near term. However, if price action at the $2,677 resistance level and the upper boundary of the descending channel shows sufficient rejection, a decline could occur sooner than expected. In such a scenario, the downside target appears to be around $2,615.
Share your thoughts, opinions, and questions—let’s discuss what’s happening with OANDA:XAUUSD :)
UJJIVANSFBHi guys,
In this chart i Found a Demand Zone in UJJIVANSFB CHART for Positional entry,
Observed these Levels based on price action and Demand & Supply.
*Don't Take any trades based on this Picture.
... because this chart is for educational purpose only not for Buy or Sell Recommendation..
Thank you
Gold price clings to gain around $2,670/two-week topDear friends, let's explore the gold price after yesterday's big move!
Gold prices rebounded near a two-week high and received support from a combination of factors. Geopolitical risks continue to favor the safe-haven XAU/USD amid the Fed's December rate cut. The current technical setup looks bullish and supports the outlook for further gains...
This rally is expected to reach $2700, which is in line with the resistance channel limits.