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#GBPAUD buying opportunityHello, traders and colleagues. Let's take a look at the GBPAUD chart to explore the potential buying opportunity it presents. Recently, the price broke above the 4-hour bearish trendline and subsequently followed by a bearish retracement. This short-term bearish corrective move has also introduced another trendline, which was breached earlier today, due to worst than expected news released for the AUD this morning. Currently, the price is testing a crucial level, comprising the broken trendline and a short-term support and 1H 200 EMA which could potentially prompt the price to reverse and resume its bullish momentum. If you have found this analysis helpful, please take a moment to leave a like and a comment or share your idea with me.
Long
by mohemati
5
Never catch a falling knife?Is the fall in Tesla's share price coming to an end? I recently published an idea predicting a fall in the share price to $215, which happened even faster than expected following the publication of more than disappointing results. But now what? Despite this bad news from a fundamental point of view, I remain in line with my initial analysis and believe that the correction is over. We're coming up against a multitude of supports, namely the top of the ichimoku cloud, the 200-day, 50-week and 200-week moving averages, as well as the burgundy-red support line on the chart. However, if we break this combination of supports, we'll probably go for the bottom of the ichimoku cloud, around $175. The death cross that has just appeared in the weekly also remains a danger. In conclusion, although I'm expecting the price to bounce back, I currently prefer to stick to the expression "never catch a falling knife" and wait to see how the price moves at the start of the week before making my decision.
NASDAQ:TSLA
by Whytek
Netflix Jumps 14% After Surge In 3rd Quarter SubscribersNetflix (NASDAQ:NFLX) shares jumped more than 13.5% in pre-market Thursday trading after it handily beat profit expectations as subscriber numbers rose. The streaming giant reported earnings per share of $3.73 on revenue of $8.54 billion. Analysts expected EPS of $3.49 and revenue of $8.54 billion. The third quarter results beat Netflix’s previous guidance. The company said paid subscribers rose 8.76 million in the third quarter, well above expectations for just over 6 million. “The last six months have been challenging for our industry given the combined writers and actors strikes in the US,” Netflix said in a shareholder letter, noting that while the writers’ strike has ended, it continues to talk to the actors’ unions. “We’re committed to resolving the remaining issues as quickly as possible so everyone can return to work making movies and TV shows that audiences will love.” For the fourth quarter, Netflix sees earnings per share of $2.15 and revenue of about $8.69 billion. The revenue growth is expected to be around 10.7%, after growing 7.8% in the third quarter. The company said operating margin in the third quarter was 22.4%, slightly above its guidance, and it sees 2023 operating margin near the top of its range at 20%. KeyBanc analysts upgraded shares to Overweight with a $510 per share price target. "In my my own view, Netflix is entering 2024 a cleaner story as: 1) paid sharing appears to have changed Netflix's ability to reach the next ~250M subs; 2) operating profit and FCF are steadily ramping; and 3) buybacks should support a 25%+ EPS growth profile," they said in an upgrade note. JPMorgan analysts hiked the price target to $480 per share on the Overweight-rated stock. "We’re encouraged that NFLX is executing on Paid Sharing by converting borrower households, contributing to revenue acceleration to +12% FXN in 4Q, & we believe the forecast for similar net adds to 3Q +/- a few million should skew to the upside given more favorable seasonality in 4Q & a strong content slate," the analysts wrote.
NASDAQ:NFLXLong
by DEXWireNews
#Oil buying opportunityHello dear traders and friends, I hope you are all having a great week. Let's take a look at Crude Oil prices, where it appears that the price has formed a support level around $80 to $82 after a 14% bearish move since the top formed in late September. In the 4-hour timeframe, we can observe that the price has already shifted its bearish market structure to the upside by forming a new high. What's particularly noteworthy is that this high was formed from a higher low, indicating that sellers were unable to push prices any lower despite the prevailing bearish trend. In the daily timeframe, things become even more interesting as the price has formed a significant bullish engulfing candle that has covered the last four daily candles. This suggests a high potential for upward movement. Additionally, in the 1-hour timeframe, we can see that the price is near a static support area, as indicated on the chart, and coincides with the daily central pivot area. This further supports the possibility of this area acting as a price low. Apart from the technical aspects, we are also aware of the ongoing tensions in the Middle East between Israel and Hamas. The potential escalation of conflict and involvement of other countries can have a positive impact on oil prices. Please also take a look at my other posted ideas which I'm sure you are going to like it and share your thoughts and feedback with me. Thank you.
CAPITALCOM:OIL_CRUDELong
by mohemati
#USDCAD another selling opportunityIf you remember we already took one successful short trade from the previous red arrow and although we were expecting price to move further down and create new low for higher timeframe this didn't happen. As a result price went up and giving us another selling opportunity. As you can see in the picture price is at important static resistance area and just below 4H and 1H EMA which both acting as resistance. But the thing that we should be consider before taking position from the area that price currently is sitting on is the possibility that if price wants to come and take liquidity from the local top that formed earlier and since there is a lot of stop losses could be a good target for price to reach and take out liquidity. So if you want to take position from this area keep in mind the possibility of price moving higher to take out loquidity.
Short
by mohemati
#EURAUD bearish continuation very well and clean bearish market structure in 4H time frame, price forming lower lows and lower highs and right now price seems like to forming another LH. Price currently testing short term bullish corrective upper channel line which act as a resistance for the price. moreover, price is at static resistance area which add to our bearish confluences. Should be noted that price is below 4H EMA and 4H bearish trendline as you can see in the picture. Also in 1H time frame price formed bearish hammer candlestick formation.
Short
by mohemati
USOIL H&S: Optimal opportunity with high Risk-Reward 📉Attention traders! We've uncovered a promising setup on the 1-hour timeframe for USOIL that you need to consider: 📌 Technical Analysis Highlights 📌 🧠 Head and Shoulders Formation: The price action has revealed a classic head and shoulders pattern, a well-known indicator of an impending trend reversal. 📉 Near Neckline Entry: We're currently positioned close to the neckline, which presents the optimal entry opportunity for a short position. This entry point allows for a tight stop loss and a potentially lucrative risk-to-reward ratio. 📈 Trade Strategy 📈 Given the strong technical signals, it's time to enter a short position on USOIL. This strategic setup could prove highly profitable. 💼 Risk Management: Employ a tight stop loss to manage risk effectively and take advantage of the favorable risk-to-reward ratio. Feel free to share your toughts in the comments section, follow me for updates and don't forget to press the like button if this insight was helpful 🌊🚀
TVC:USOILShort
by Thomas_Zito
Market Update - September 15 📨 Franklin Templeton enters spot bitcoin ETF race: The asset manager with over a trillion dollars in assets under custody filed an application with the SEC to launch a spot bitcoin ETF, joining Blackrock, ARK Invest, VanEck and others. Web3 enthusiasts descend on Singapore for Token2049: Some of the largest names in the crypto space spoke at Token2049 this week, in what is set to be the largest Web3 conference this year. At the event, messaging app Telegram and the TON Foundation announced a new self-custodial crypto wallet. Binance.US executives leave amid regulatory scrutiny: It was reported that the CEO of Binance.US and other executives were leaving and that the company’s workforce would be cut by a third. The moves come as Binance, Binance.US, and founder Changpeng Zhao face suits leveled against them by the SEC and CFTC. FTX receives court approval to start liquidating crypto assets: FTX was granted permission from a bankruptcy judge to begin liquidating its crypto to start repaying creditors. The bankrupt exchange can sell up to $200 million USD in assets every week, pending creditor approval. FTX’s major crypto holdings include SOL, BTC, and ETH. Markets muted despite inflation numbers a touch above expectations: CPI was up 3.7% from a year ago (3.6% expected), while core CPI increased 4.3% (4.3% expected). Market expectations changed little as a result, with traders seeing a 97% chance that rates will remain unchanged at next week's September 20 meeting. ➡️ Read More Here
GEMINI:BTCUSD
by Gemini
DIS - Testing Long Term Horizontal SupportDIS has tested it's long term horizontal support @ 79 and it is holding so far. A potential bullish divergence is also seen on its monthly chart which increase its odds for some upside bias for the next 1-3 (monthly) candles. The caveat for divergence is that it only signals a (potential) short term trend reversal, lasting on the average 2-3 candles and does not predict a longer term change. If seen on the monthly chart, then it could mean a potential bounce for the next 2-3 months. And of course, while the odds is good, it is not 100%. While now could be a good time to long some DIS at relatively low prices, there is also a chance that the stock could remain ranged bound for a sometime. Some would prefer to wait till there is clearer momentum (usually above its 200 day moving averge) before establishing a long position Disclaimer: TA is about improving our odds of a successful trade (not a guarantee). This is just my own analysis and opinion for discussion and is NOT a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management (ie stop loss and position sizing) is (probably the most) important! Take care and Good Luck!
NYSE:DIS
by Juliac
#GBPNZD buying opportunitutechnical confluences for buying: 1- price is in overall bullish long-term market structure, which seems like followed by a bearish corrective move. (as it seems till now) 2- price has reached 4H timeframe 200 EMA and failing to close below it. 3- In 1H timeframe price formed double bottom and also we have double bullish divergence formation between the last two swing low in 1H time frame, which add to possibility of bullish move. In case this analysis materialize we expect price to at least test its previous lower-timeframe high if not break it to the upside in the direction of higher timeframe
Long
by mohemati
Capitalizing on Bearish Breakout: Ideal Selling Opportunity 📉🐻We've got an enticing EUR/USD setup on the 1-hour timeframe that deserves your attention. Here's the lowdown: 📌 Technical Analysis Highlights 📌 📉 Bearish Breakout: After a period of range-bound trading (or a bearish flag, depending on your perspective), the price has decisively broken below a key support level, which has now flipped into a formidable resistance. This signals that bulls have been trapped, allowing the bears to regain control. The trend remains bearish 📈 Price Action Insight: With the balance tipping in favor of bears, I anticipate an escalation in bearish momentum, potentially leading to a sharp price drop. This presents an optimal entry opportunity for selling. 🎯 Trade Strategy 🎯 Given these compelling technical signals, it's time to consider a short position on EUR/USD. Look to enter the market with confidence. 📉 Take Profit Targets 📉 1️⃣ First Target: 1.06650 2️⃣ Second Target: 1.06250 3️⃣ Ultimate Target: 1.05900 Feel free to share your toughts in the comments section, follow me for updates and don't forget to press the like button if this insight was helpful 🌊🚀
Short
by Thomas_Zito
9
STX - broke out of CUP consolidationSTX rise that began in late Dec last year was disrupted as it went into a multi-month cup consolidation from February. Last week, it finally broke above the neckline of this CUP @ 71.50 on strong volume. A number of technical signals are now going right for STX and it appears a trend continuation is underway: 1. its 200 day moving average is now subtly curving upwards 2. MACD on its MONTHLY chart has now begun to cross up into positive territory. This is significant and likely signals a longer term bullish outlook (whip saws not withstanding). Any dip back towards the neckline @ 71.50 will be a lower risk opportunity to long with initial stop loss below 67.50. Trail profits up should trade goes our way. Disclaimer: TA is about improving our odds of a successful trade (not a guarantee). This is just my own analysis and opinion for discussion and is NOT a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is (probably the most) important! Take care and Good Luck!
NASDAQ:STXLong
by Juliac
📈🚀 Seize the Moment: Epic Buying Opportunity on S&P 500! 📈🚀Hey traders, get ready to ride the wave of profits with an exciting setup on the S&P 500! 🌊📊 A golden opportunity has surfaced, and it's time to capitalize on a potential bullish rally. In the 4-hour timeframe, we're witnessing the stars aligning for a buying spree that could lead us straight to the coveted 4570 target. 🎯🦅 The Double Bottom Delight: Hold tight as the price action unveils a mesmerizing double bottom formation. This pattern is like a green light for bullish momentum, signaling a potential upward surge. 🚀 The beauty lies in the symmetry, and we're ready to ride this pattern to its fullest potential. Harmonic Bat Pattern: Point D in Sight! 🦇🎯 Prepare for some harmonic magic! The stars of the show are aligning as we approach the mesmerizing point D of the harmonic bat pattern at 4570. Brace yourself for a journey towards this target, riding the wave of pattern completion and potential profits. Candlestick pattern: Doji Breakout! 🕯️🚀 The magic continues with a "long-legged Doji" candlestick, signaling a breakout like no other. This is the ultimate call to action – a signal to buy this dip and ride the upward momentum. 📈🕯️ Moving Average Mastery: Crossover Confirmation! 📈✨ Get ready for a symphony of confirmation! The moving averages are about to cross over, a sign that amplifies our scenario. This crossover is like a nod from the universe, signaling that it's time to jump on board and enjoy the ride. MACD Marvel: Bullish Momentum Amplified! 🚀💥 The MACD indicator joins the party, forming a fresh crossover to the upside. This is the stamp of approval we've been waiting for – a clear signal that bullish momentum is skyrocketing. 📈💪 The Game Plan: Entry: Buy around 4420 Stop Loss: Below 4407 Target: 4470 (with partial profit-taking along the way) Remember, smart trading involves not only the entry but also the exit strategy. Keep an eye on those partial profit-taking points as we journey towards the 4470 target. 🎯💰 Feel free to share your toughts in the comments section, follow me for updates and don't forget to press the like button if you think this insight was helpful 🌊🚀
OANDA:SPX500USDLong
by Thomas_Zito
16
TRX Tron SELLERS Dominate Short TermHi Traders, Investors and Speculators of Charts📈📉 TRXUSDT has turned bearish in the short term Timeframe. From a technical indicator perspective we see clearly that the trendline has been broken and now the price is closing candles UNDER the trendline. This is bearish for the short term. However, from a weekly outlook, Tron is still bullish. This could mean that the current pullback is only a temporary correction. The price could continue lower for the short term, but bounce back up in the near term and continue the upwards trend. For now, the best course of action seems to be observing from the sideline and look for other trading opportunities with better risk/reward setups across the altcoin market. _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck
BINANCE:TRXUSDShort
by CryptoCheck-
26
ELF - longer-term uptrend still intactELF has been one of the strong trending stocks since it broke above its 200 day moving average in Jun 2022. Despite the recent steep corrections experienced by the market in the past few weeks, ELF had only dipped briefly below it's 50 day moving average. Every reversion back to it's 50 day moving average as potential opportunity to long. with a trailing stop loss about 10% below the 50 day MA is prudent for the longer term investor. A swing trader would have a tighter trailing stop and on the lookout for re-entries on the long side as long as the trend remains intact. Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
NYSE:ELFLong
by Juliac
BluetonaFX - USOIL Potential Double Top OpportunityHi Traders! We have a potential double-top opportunity on the USOIL 1D chart. Our previous bullish view worked perfectly, and our prediction of reaching the 83.49 resistance after the psychological 80.00 break came through. The market looks to now be exhausted near the 83.49 resistance level, and the price action is indicating a possible reversal of the bullish trend we have had over the past couple of months. If 83.49 resistance continues to hold here, it will be a confirmed double top, which is a reversal chart pattern. We are looking for additional confirmation signals; the first one is a break and close below the 20 EMA, and the second one is a lower break below our RSI indicator. A lower break on the RSI will give us extra confirmation that the market has been overbought. The first target is at 77.02, and further below we have a second target at 73.75. That being said, we must be wary of this not happening and a continuation to the upside, so stops must be very tight, ideally just above 83.49. The market is still above the EMA, so we must not rule out the possibility of a continuation upward. Please do not forget to like, comment, and follow, as your support greatly helps. Thank you for your support. BluetonaFX
TVC:USOIL
by BluetonaFX
INTC - Bullish CUP (and handle?)INTC first broke out of it's base neckline @30.50 (as well as it's 200 day Moving Average) on 29 March. However, its movement has been very erratic since. Last Friday's post earning's strong gap up changes the picture considerably IMO as it has now completed a "CUP" formation (a bullish pattern with higher odds of success). 2 possible scenario could happen next: 1. it breaks out of the CUP with hardly any pullback (ie no "handle" being formed) or, 2. it begins to from a "handle", which is likely to be a shallow 38.2% fib retracement towards 34.90 where it fills the recent gap. This level is just arbitrary but in any case, a pullback would provide a less risky opportunity to long (or add to) the stock with a stop just slightly below 33 (61.8% fib retracement). When the stock eventually breaks out of $39, then the next target @ $43 is in sight, although expect it to move in a zig zag fashion up. p/s targets are for shorter term traders, who may prefer to take profits and look for opportunity again during the next pullback. Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
NASDAQ:INTCLong
by Juliac
🐻📉 S&P Bearish Gartley: A sharp Retracement Ahead! 📉📉Hey traders! 🐻📉 Are you ready for a retracement on the S&P in the 1-hour timeframe? Let's dive into this bearish setup! 📉📉 📈 Bearish Gartley: The price action on the S&P has formed a bearish Gartley pattern, with the price topping twice on point D. This reliable harmonic pattern signals trend reversal with a highly reliable consistency. 🕯️ Bearish Engulfing: Adding to the bearish case, the price has now formed a bearish engulfing candlestick, indicating a possible shift in momentum from bullish to bearish. 📉 Retracement Potential: Considering these technical factors, I'm closely watching for a sharp retracement to the 4500 area. and even lower if the bearish momentum remain. The market sentiment seems to be aligning with a bearish outlook. 💡 Moving Average Crossover: To further strengthen the bearish setup, the imminent crossover of the 9 and 21 moving averages is providing a solid confirmation of the potential retracement. Feel free to share your toughts in the comments section, follow me for updates and don't forget to press the like button if this insight was helpful🚀
OANDA:SPX500USDShort
by Thomas_Zito
1
🚀🎯 GBPJPY Bullish Momentum: Capitalizing on the Range! 📈Hey traders! Are you ready for an exciting ride on the GBPJPY forex pair in the 4-hour timeframe? 📈💹 Let's explore this fantastic bullish setup together! 📊 Range-Bound Market: GBPJPY is currently experiencing a ranging market, with strong support at 180.000 and a formidable resistance at 183.500. In this dynamic environment, traders can spot lucrative opportunities by buying the bottom and shorting the top. 🐂 Buyers in Control: The buyers have taken charge as the price recently bounced off the sturdy support level at 180.000 and formed a double bottom 🛡️ Moving Averages as Support: The moving averages are playing their part as reliable support levels during this bullish momentum. Their alignment reinforces the buyers' strength and provides additional confidence in this setup. 💹 Profit Target: My primary focus is on riding this bullish wave towards the top of the range. As the price approaches the resistance at 183.500, I'll closely monitor the market for a potential shorting opportunity or a breakout setup. Feel free to share your toughts in the comments section, follow me for updates and don't forget to press the like button if this insight was helpful 🚀
by Thomas_Zito
4