REE Automotive Ltd to print 1500% extension?On the above 15 day chart price action has corrected 99% since late 2021. A number of reasons now exist for a bullish outlook, they include:
1) Price action and RSI resistance breakouts.
2) Confirmation of support on past resistance.
3) For this stock the 6 day Gaussian channel is important (see below). Look left. What was once confirmed resistance is now confirmed support. Again, look left, significant moves in price action followed.
4) A breakout of $12 would with support confirmation would see price action leap to the next resistance at $160.
Is it possible price action continues to correct? Sure, sellers love to jump in after a 99% correction.
Is it probable? No.
Ww
Type: trade
Risk: You decide, very low market cap
Timeframe for long: January 2025
Return: 1200 to 1500%
Stop loss: Elsewhere
6 day Gaussian channel.
Multiple Time Frame Analysis
EUR/CAD - Long Trade Idea.High Probability Setup for a Long Position (In my opinion)
Currently we have been in a solid Bearish Trend since Christmas, price has been forming Lower Lows suggesting Sell positions have been preferred.
On the HTF we see we are currently Bullish and that price is actually currently in a Long Term Pullback stage. To back this statement up at the end of November price had a very large movement to the downside creating a Strong Low. Price begegging of December then pushed back up filling the Imbalances and taking out Liquidity but we did NOT break the previous high.
Although price is below current EMA lines on the Daily Time frame I do believe we will see a large push to the Upside taking out previous Liquidity on this current Bearish Trend. To confirm I would like to see this as a Breakout trade. We have a Trend line on this chart to help us identify a breakout and we can look for Long positions once price actions takes out the most recent 4HR Strong High.
Pink POI level that is on this chart is suggesting an area I have marked to suggest where price likes to respect. This will be the level I look for my long positions after price breaks out of this Bearish Trend.
Bullish Pressure will be starting to show over the course of the next few days suggested by a Large Engulfing Candle Stick and MacD showing us a Bullish Histogram.
EUR/GBP Trade Idea.After CPI even yesterday making a valid pullback we will be looking to take Buy Side Liquidity.
MacD is supporting our entry along side with staying above both EMA's and staying Bullish on the HTF
For my entry Im looking to enter from this Mitigation Block sitting at this Demand zone.
To confirm this entry we will be looking to fill this imbalance.
Phycological number being 85300 for TP. If this TP reaches then we will be at a valid Batwing pattern.
CRYPTO. Buying opportunitiesHello everyone!
Let's take a look at the following crypto assets. They have formed patterns that increase the likelihood of price growth. Buyer zones have formed on all assets (green rectangles on the charts) and buyer's current vectors.
The nearest targets are indicated on the charts:
1. BTCUSDT
Potential long target: 102,724.38. +2.94%
2. ADAUSDT
Potential long target: 1.1819. +11.63%
3. AAVEUSDT
Potential long target: 390.15. +24.67%
4. LINKUSDT
Potential long target: 25.99. +19.58%
5. AVAXUSDT
Potential long target: 45.05. +14.68%
6. TRXUSDT
Potential long target: 0.2596. +9.26%
Wishing you all successful trades and a profitable day!
Bearish mean reversion kicks in for USD/JPYIts bullish trend struggled to gain any traction above 158, and now momentum has finally turned against USD/JPY bulls. A retracement is now underway, but as to how deep really comes down to whether incoming US data continues to soften to bolster Fed-cut bets, or if the BOJ get their hawkish skates on.
Matt Simpson, Market Analyst at City Index and Forex.com
USDCHF LONGMarket structure bullish on HTFs 3
Entry at Weekly and Daily AOi
Weekly rejection at the AOi
Daily Rejection at AOi
Previous Structure point Daily
Around Psychological Level 0.91000
H4 Candlestick rejection
Rejection from Previous structure
Levels 7
Entry 105%
REMEMBER : Trading is a Game Of Probability
: Manage Your Risk
: Be Patient
: Every Moment Is Unique
: Rinse, Wash, Repeat!
: Christ is King
BTC/USDT : 200 day MA is key support to a massive $160,000 jump.Hello Traders,
A compelling pattern is forming for CRYPTOCAP:BTC .
Considering how BTC interacted with the 50 day MA from November 2023 to March 2024, with BTC retesting at $40,000 in January and then surging to $73,000 in March, if history repeats, the 2025 bull run could potentially send BTC to $160,000 within three months.
Technically, BTC broke through the 50-day MA resistance from above and from $48,000 it declined by 20% towards the 100-day MA trendline to have rest at $38,000. From the 100-day MA trendline, BTC then rallied by 90% all the way up to $73,000.
If this historical move were to repeat, BTC would likely encounter the 100-day MA trendline to fall 20% at $85,000 before another 90% surge towards $160,000 🚀🚀🚀.
Play safe, #DisciplineWithStopLoss before you invest and keep close eyes on 50 & 100 day MA trendlines 🤞
#ChartPatterns
#SwingTrading
#BTCUSD
#PatienceIsKey
#RektProofTrade
#ProtectYourCapital
Strong GAP UP but will it sustain? Following the global cues, we can expect NIFTY to open strong as the bank quarterly results has been good but only way to find out if it sustains or not! As if it sustains then we may see new Trend REVERSAL else it will lead to more volatility with new gaps that will be pending to filled so plan your trades accordingly and keep watching
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Long trade
15min TF overview
1min TF Entry
Pair EURUSD
Buyside trade
Wed 15th Jan 24
Entry 1min TF
NY to LND Session AM
10.25 am
Entry 1.03208
Profit level 1.03545 (0.33%)
Stop level 1.03143 (0.06%)
RR 5.18
Reason and directional bias: Observing recent price action and sellside trade reached a pivotal (demand zone) indicative of a buyside trade on the 1min TF.
Fiverr International to print $34 to $340 in 1000% extension?On the above 10 day chart price action has corrected 95% since early 2021. A number of reasons now exist for a bullish outlook, they include:
1) Price action and RSI resistance breakouts.
2) Confirmation of support on past resistance.
3) Short Interest 24.26% - seriously, who are you people?
Is it possible price action continues to correct? Sure, sellers love losses.
Is it probable? No.
Ww
Type: trade
Risk: You decide.
Timeframe for long: January 2025
Return: 1000%
Stop loss: Elsewhere
Short trade
15min TF entry
Pair EURUSD
Sellside trade
Wed 15th Jan 24
9.15 am
Entry 1.03303
Profit level 1.03011 (0.28%)
Stop level 1.03462 (0.15%)
RR 1.84
Reason: The price seems overextended at this time. I assume a retracement is on the cards to balance out the price range, then pursue back to the upward momentum with the trend thereafter.
GBPAUD OUTLOOKThe 12 month chart shows price reacting from a strong demand zone though the price is yet to contact the unmitigated supply at 2.4 price handle.
On the monthly chart, price has created a bearish order flow indicating seller pushed price to the identified 12-month demand zone at 1.44 price handle. The internal structure on the monthly charts shows price struggling to create new highs, indicating bears are still in control of this market.
On the weekly charts, the market structure shows a short term bullish correction within a larger bearish swing structure. We have several bearish change of characters indicating bears are still controlling this market. Presently, price has formed higher highs and is correcting targeting the unmitigated zone at 1.89. If price pushes further below 1.85, we will have confirmation of bearish market structure targeting the 1.71 price handle.
The Daily chart confirms bearish order flow, we will wait for bullish price correction thereafter place our sell limits targeting the unmitigated demand on the weekly chart.
Short trade
Pair USDCAD
Sellside
Mon 13th Jan 25
10.30 am
Tokyo Session PM
Entry 1.44198
Profit level 1.43200 (0.69%)
Stop level 1.44340 (0.10%)
RR 4.96
Reason: Observing price action since the 7th of January and reaching a pivotal supply level on the 30-minute TF seemed indicative of a Sellside trade.
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