EURGBP-NEXT WEEK 9-SEP-2024 TO 13-SEP-2024Currently, the market is forming a Head and Shoulders pattern, which suggests a potential reversal. On the 1-hour timeframe, a Cup and Handle formation has been identified, but the breakout isn’t strong enough yet, and a retest hasn’t occurred. However, volume confirmation on the 4-hour chart signals that the breakout may be imminent.
On the 15-minute chart, we see a triangle formation, but we are waiting for a retest to confirm our entry. The area of value lies below the resistance zone, which we will use to define our risk levels after the retest.
I am using Fibonacci retracement on the 4-hour chart to define the take-profit target. At the moment, there are no major obstacles like significant support or resistance levels on the way, which aligns well with our target.
The stop-loss is set 10 pips above the resistance on the 4-hour chart, giving us a well-protected position. The risk-reward ratio (RRR), which is calculated at 2.11, making this trade attractive in terms of risk management.
Nextweek
NEXT 400 %+ NEXT possible move up 400 %+
Show firs signal for growth, if we close weekly on this levels, next week i expect huge pump
$GBP - Think about a birds eye view...$GBP - Think about a birds eye view...
When trading I like to go towards higher TF in order go proceed to lower TF. Looking at weekly we are within a range of lows: 1.18 areas and highs: 1.23 a break to either direction. We had a mixed view on NFP but we extended higher and dollar declined we could see this theme continue another perspective I was looking at was spx/dxy that was interesting chart and can be discussed in further details in other groups I am part of.
Focusing on GBP - It's a break to either direction. We should be getting back to normal this week as holiday is over, regarding data most importance will be US CPI & Unemployment claims for GBP watch out for GDP. Be careful of your trades on data release.
Technical break out and TL are drawn and even if we was to put fib there we are at key area and could make our target 161.8 which matches pattern completing time will tell. Overall, I will looking at FX majors very carefully.
Hope you had a great first week of trading and plenty of more opportunities are yet to come this year.
All the best,
Trade Journal
ADAUSDT RANGE#ADAUSDT Update:
$ADAcurrently trading at $2.68
And $2.706 AND 2.903 are the next resistances.
So what now..?
ADA will be in a range between (2.482_3.126) If ADA could pass$ 3.126 then we can see a pump in the chart again, this pump is not stable
But If ADA breaks the $2.482 support level then ADA is entered in a bearish zone and My Target will be $2.224--$2.115.
Hope this will not happen.
My Levels:
Support: 2.482$/ 2.224 $/ 2.115$ / 1.991$
Resistance: 2.706$ / 2.903$ / 2.706$
longtime target: RANGE
sl: 2.482$
Must follow me for the latest crypto real-time updates.
good luck :)
Two key resistances broken, The daily resistance (blue one) and the weekly resistance (black one) have just broken. The next stop will be $47800 in my estimation but, It’s also possible to have a sideways trend before.
If the price could stay above $40k , the next target will be $47800 .
Trend Key Points Indicator have been used to draw important key levels and key points.
Amazon With Bull Potential For The Next WeekNASDAQ:AMZN with high bul potential.
The analysis from iAmPrediction states that the company is a long turn buy, according to its financials.
Furthermore, part of a blog post of Brian Deagon states that:
"D.A. Davidson analyst Tom Forte believes that Amazon is steadily evolving into being a much larger services company. The idea is, rather than disrupt and destroy businesses as it has frequently done, Amazon will instead try to help them. They'll cooperate with Amazon but still be in competition with it. It's a business strategy referred to as "coopetition." " (source investors.com, Brian Deagon)
Gold Next move gold hang around 1950 for a wile before it while go up and break the trendline. i think it will bounce of 1965 to retest the broke trendline.
if it retest i will place one more trade on it. after the retest op the trendline it will break 1965 en will go to 1990 or 2K.
also there are a lot of workless people now. the nummer is increasing again. so gold AKA the saveheaven will go up.
PEAK Points that crucial for next Week (Expiry-17th SEP)There is a triangle pattern forming, and it just about to break. the break can decide the trend of the market for 17sep expiry.
Again go for long or short after the backtest only. otherwise, the market is very volatile due to the several incidents happening right now like
1. the INDIA-CHINA border tension
2. Negative GDP
3. NPA in banking Sectors etc.
Please be patience while trading, don't jump to the trade on the opening bell, wait for 15 min at least.
Risk and Reward Ratio........................................................It is elementary dear Watson.
Make sure we take into account our risk and reward ratio.
Don't forget to keep this one in the fridge until next week, it will be cool.
It is a good idea to use a sticky note at the door.
Well, never mind.
That is what I will do anyway.
Have a great weekend.
BEGIN NEXT WEEK DOWN - TRIP.COM GROUP LTD - 30MNWe observed a strong selling signal just before the exit of the trade.
The suppor t is still very strong but we noticed a second possible support if the market decides to break the first black line.
Possibility of formation or larger candlesticks with huge volumes indicating a significant change. Possibility , therefore, of generating profits in the short direction.
Next:
Be ready from Monday opening session ... if you miss it try to not miss out on the last third of the day in which investors are very dynamic in this market.
Have a good weekend and enjoy!
Gold Trade plan : week 15-20 July 2019I think
Gold should be high posible swing in case A. or B.
Last week on Friday I loss because entry in large range area with breakout.
so tight stoploss make me out .
Next week we will wait to Green zone and entry in Long position
If rise to red area , I will wait until it break and retest again
and buy on dip after that
I will post again in 15min Timeframe.
***
Gray zone : Neutral zone
Red zone : Sell area
Green zone : Buy area