GBPCAD SELL | Day Trading AnalysisHello Traders, here is the full analysis.
Watch strong action at the current levels for SELL . GOOD LUCK! Great SELL opportunity GBPCAD
I still did my best and this is the most likely count for me at the moment.
Support the idea with like and follow my profile TO SEE MORE.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Patience is the If You Have Any Question, Feel Free To Ask 🤗
Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
Opportunity
Ethereum's Merge EIP-4844 can Boost OP to 4.44$Is good to have like minded cool friends and Cryptonite Clark is exactly that to me.
''Professor,
Just reading about Ethereum's next merge, EIP-4844, that's happening later in the year. The main beneficiaries are Layer 2s (www.coingecko.com), as it will reduce the cost of rollups, which they rely on. There's likely to be a "Layer 2 narrative" leading up to it, and ETH will probably recover lost ground against BTC. ARB and OP are top picks.''
I did my research and he is absolutely right. Then again I do prefer OP vs ARB so here we go with an updated OP chart:
Price is behaving nicely and a breakout over 1.60$ is my expectation for next.
From there it's destination 2.33 which offers a nice trade with excellent R/R since risk (SL) is over 1.3 and reward (TP) lies alomost 4 times higher.
Then again there is the ALTs possibility for Bullish scenario which can get the price to 4.44$:
One Love,
the FXPROFESSOR
Awesome OP news: Coinbase's Base to adhere to Optimism's open neutrality framework Link: www.theblock.co
NVDA Short SwingAfter a very big bull phase on the NVDA Stock, we start to see some reversal pattern on the 1.618 fibonacci level of extension. We can see the formation of lower lows and a stop hunting at the top (and near the extension level we are looking at).
What are we looking from ?
First we want to see the recent gap to be filled on this swing position (around the $315.0 level and the $306.0 50% of Fibonacci will be great but we can also see the $280.0 level of interest).
Then potentially, we can wait to see a bounce on this level for a long (but we are not here for now).
For me it's a strong short bias on this asset with decent R:R.
Great Trade !
USDJPY - 2 SCENARIOS 📈📉Hi Traders !
On The Weekly Time Frame The USDJPY Price Reached A Resistance Level (151.944 - 151.424)
Currently We Have 2 Scenarios:
Bullish Scenario📈
If The Price Breaks and Closes Above The Resistance Level !
We Will See a Bullish Move📈
TARGET: 154.500🎯
Bearish Scenario📉
If The Market Breaks Support Line and Closes Below That
I Will Sell On Retest...
TARGET: 148.600🎯
NIFTY INTRADAY LEVELS FOR 03/11/2023BUY ABOVE - 19170
SL - 19110
TARGETS - 19230,19330,19380
SELL BELOW - 19070
SL - 19110
TARGETS - 19030,18970,18930
NO TRADE ZONE - 19070 to 19170
Previous Day High - 19170
Previous Day Low - 19070
I am sharing NIFTY levels this levels acts as important support & resistance for intraday. if you want to trade with this levels wait for 15 min Candle closing above that levels. You can trade with breakout and reversal both.
In this channel, I share my expertise in trading strategies, technical analysis, and market trends to help you make informed decisions in your trading ventures.
Stay tuned for daily updates, in-depth market analyses, and real-time trading scenarios to witness firsthand how we transform from Zero to Hero in the trading world. My Only aim is to empower you with the knowledge and skills necessary to navigate the complexities of the financial markets successfully.
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
TSLA Entry, Volume, Target, StopEntry: with price above 299.29
Volume: with volume greater than 142.36M
Target: 359.29 area (this is an area, no guarantee it reaches this price, but you should be selling on the way up)
Stop: Depending on your risk tolerance; Based on an entry of 299.30, 279.30 gets you 3/1 Reward to Risk Ratio.
This LONG swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
Can Goldman fall to $250? Bearish divergence on the weekly time frame indicated a bearish move. Which has already happened, giving up control from the bulls to bears. Creating a lower high which could indicate a upcoming move towards $250.
Over bought stochastic and Market exhaustion of the RSI to the upside. Could support my analysis which means NYSE:GS could fall 24-38% in the coming months.
This low would also provide perfect buying opportunity for the overall bullish annual trend.
EURUSD SELLS INCOMINGSticking to the basics of trading:
The market stalled making a resistance zone for the buyers. Thus showing early selling pressure.
The next area the market can possibly bounce from is at the 0.08500 mark. This mark would be a good area for buys continue the higher timeframe trend.
For anyone going into the london session can use the 4H timeframe to see that price has potential to retest this level and carry more volume to the downside.
However, BIG Reminder!
The market can do what it wants, so beware that buys are still in play as the overall defining trend is FX:EURUSD bullish for the buyers.
$M Long Swing Opportunity with Big Price TargetsNYSE:M is in a downtrend channel but I think there is a long opportunity as long as it holds the 15.9 level with targets of 19 and 22.65
-Falling Wedge breakout and retest wedge-line as support
-Bottom of channel bounce with strong green candles
-Buying volume vastly outweighs selling volume from trend
-RSI showing momentum with plenty of room to run
Good idea to wait for a confirmation hold above 16 old support for entry
WIX Options Ahead of EarningsAnalyzing the options chain of WIX prior to the earnings report this week,
I would consider purchasing the 75usd strike price Puts with
an expiration date of 2023-5-19,
for a premium of approximately $1.70
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
NOC WCA - Head and Shoulders PatternCompany: Northrop Grumman
Ticker: NOC
Exchange: NYSE
Sector: Defense
Introduction:
Hello, and thank you for reading this analysis. Today, we focus on Northrop Grumman (NOC) on the NYSE. The weekly chart shows a potentially significant head and shoulders pattern that deserves our attention.
Head and Shoulders Pattern:
The head and shoulders pattern is a classic chart formation that can indicate either a bullish continuation or bearish reversal, depending on its orientation and the preceding trend. In this case, the pattern has formed over 441 days, making it noteworthy.
Analysis:
The NOC chart shows a clear uptrend, as demonstrated by the green upward sloping line and the position of the price above the 200 EMA. Both of these factors contribute to a bullish sentiment.
However, the formation of the head and shoulders pattern introduces an element of uncertainty. The neckline of this pattern, which currently acts as support, is at 431.61. A break below this level could signal a bearish reversal, offering a potential shorting opportunity.
On the other hand, a break above the right shoulder could indicate a continuation of the bullish trend. Given the existing uptrend and the position above the 200 EMA, the probabilities currently favor a continuation.
Conclusion:
In summary, Northrop Grumman's weekly chart presents a head and shoulders pattern within an uptrend, offering potential trading opportunities in both directions. Therefore, this is a chart to watch closely in the coming days.
As always, it's important to manage your risk appropriately and ensure that any trading decisions align with your overall investment strategy.
Please note that this analysis does not constitute financial advice. Always conduct your own research before making investment decisions.
If you found this analysis helpful, please like, share, and follow for more updates. Happy trading!
Best regards,
Karim Subhieh
LRCX WCA - Inverted head and shoulders Company: Lam Research Corporation
Ticker: LRCX
Exchange: NASDAQ
Sector: Technology
Introduction:
Greetings, and welcome to today's technical analysis of Lam Research Corporation (LRCX) on the NASDAQ. We're focusing on a 13-month-old inverted head and shoulders pattern, suggesting a potential bullish breakout.
Inverted Head and Shoulders:
The Inverted Head and Shoulders pattern is a classic reversal signal. It's formed by a left shoulder, a head, and a right shoulder, with the head being the lowest point. The neckline connects the high points of the pattern, acting as a resistance level. A breakout above the neckline signals a potential bullish reversal.
Analysis:
On the weekly chart of LRCX, we can observe a well-formed inverted head and shoulders pattern. The neckline, which also acts as our resistance, sits at 536. Both shoulders of the pattern are extended, with the right shoulder characterized by a mini-consolidation in the form of an ascending triangle. This ascending triangle is consolidating very close to the neckline, indicating increasing bullish pressure.
The price is trending above the 200 EMA, further supporting the bullish bias. A breakout above the neckline would open up the potential for significant upside.
Conclusion:
If this neckline is breached, we have a potential price target of 762, representing a 43% rise from the neckline. As always, it's crucial to use risk management and proper position sizing in your trading strategy.
Please note that this analysis is not financial advice. Always conduct your own due diligence before trading or investing.
If you found this analysis helpful, please like, share, and follow for more updates. Happy trading!
Best regards,
Karim Subhieh