GBP/JPY H1 | Potential bullish reversalGBP/JPY is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 198.04 which is a pullback support that aligns with the 38.2% Fibonacci retracement level.
Stop loss is at 196.95 which is a level that lies underneath a pullback support and the 50.0% Fibonacci retracement level.
Take profit is at 199.51 which is a pullback resistance.
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Community ideas
NAS100USD / UNDER FOMC PRESSURE / 4H NAS100USD / 4H TIME FRAME
HELLO TRADERS
Recent Price Movement ,The price has reached a new historical level, breaking past the last all-time high (ATH) of 20,788.
Current Target , Prices are trying to approach 21,125. As long as there’s upward pressure, there’s potential for growth.
Potential Retest of Support , Before continuing to increase, prices might retest an old supply zone between 20,788 and 20,662. This area serves as a potential support level, and if the price remains above it, there’s a higher chance for further increases.
Upside Target , If prices stabilize above this support zone, there’s a chance of reaching a new ATH around 21,125. If it breaks this level, the next historical zone lies between 21,200 and 21,350.
Downside Risk, If prices fall below the old supply zone, it could indicate a decline, with a potential target of the Fair Value Gap (FVG) between 20,482 and 20,335. This level represents a potential lower support area if the price trend reverses.
S&P 500 Eyes New Highs: 43 ATHs and CountingTechnical Analysis
The price has pushed up as we mentioned yesterday and is still moving toward a new all-time high (ATH). Notably, the S&P 500 has recorded 43 ATHs this year and continues to reach new highs.
As long as it trades above 5931, it is likely to reach 6002 before starting a bearish trend.
Alternatively, if the price drops from here and closes a 4-hour candle below 5931, it will support a bearish move toward 5891.
Key Levels:
Pivot Point: 5933
Resistance Levels: 5985, 6002
Support Levels: 5891, 5863, 5815
Trend outlook: Uptrend
previous idea:
XAU! 11/8! Create liquidity for the downtrendXAU / USD trend forecast November 8, 2024
Gold prices rose above $2,700 after the Federal Reserve cut interest rates and noted that US election impacts are unlikely to be immediate. Currently, XAU/USD is trading at $2,704, up over 1.7%.
Wall Street gained further as the Fed unanimously lowered the federal funds rate by 0.25%. In its statement, the Fed pointed to solid economic growth, though labor market conditions have weakened slightly. Officials also observed that inflation is closer to the Fed’s 2% target but remains somewhat elevated.
Long term framework - gold price is still in a downtrend. Market recovered thanks to FED continuing to cut 0.25% as expected. Short term recovery
/// SELL XAU : zone 2719-2722
SL: 2727
TP: 50 - 150 - 300 pips (2692)
/// BUY XAU : zone 2667-2664
SL: 2659
TP: 50 - 150 - 300 pips (2694)
Safe and profitable trading
#SUI/USDT / Ready to go up#SUI
The price is moving in a descending channel on a 15-minute frame and sticking to it well
We have a bounce from the lower limit of the descending channel, this support is at a price of 2.20
We have a downtrend, the RSI indicator is about to break, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 2.27
First target 2.32
Second target 2.37
Third target 1.45
What is the Bitcoin plan?Given the recent pump by US election news, the dual scenario is more correct for Bitcoin.
As you know, the market is probabilities and we only predict and follow probabilities, because the nature of the financial market is uncertainty.
It seems that the first part of this double was a diametric that ended and then we had an X wave and now for the second part of this double we can look for rebuy in the flip range.
We can consider the range of 82K - 88K as the peak of this duality.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Solana (SOL) Weekly AnalysisSolana is currently moving within an upward channel pattern and approaching resistance at the 199.71 level. If this resistance successfully holds back the bullish momentum, there is a possibility that Solana may correct to the Fibonacci levels around 174.92 - 170.13 before continuing its bullish trend.
Where is the short-term support for #BTC?📊Where is the short-term support for #BTC?
🧠From a structural perspective, we are currently in the 1-hour bullish structure target zone, and only by breaking out of this pressure zone can there be a chance to go long. The original daily resistance zone was broken, so it turned into a support zone. If we can pull back to this range, we can try to participate in some long trades.
Let's see👀
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BINANCE:BTCUSDT.P
11/7/24 - $asts - Y'all ready to ball? Bot it!11/7/24 :: VROCKSTAR :: NASDAQ:ASTS
Y'all ready to ball? Bot it!
- honestly i'm still pretty cash heavy, so i'm playing ITM calls (and have started taking profits today as well... still hold NASDAQ:META , NYSE:TSM , NYSE:UBER as well as added on the top to my long-dated NASDAQ:NXT 's and hold a nice bag of OTC:BITW too).
- but that being said, with solar re-popping. i "get" that NASDAQ:ASTS "isn't" space X... and elon has his opinions. he's a competitor. he's an edge lord. his job is to do this - duh.
- for a stock that has such high interest, cool application... i'd expect IV to jump around earnings next week, or even more generally if risk remains bid. can't say i'm in for a lot - but i have some $20 C's for next week. seems like an interesting bet. and if the stock actually sells off i can decide to take a larger shares, or longer-date ITM calls position like i did my other core names above.
- what do you think. shall we ball, brawl or bawl?
TO THE MOON ;)
V
SOUND HOUND AI $SOUN - 6/17 - THE STOCK GAUNTLET CONTINUES!⚔️🛡️ THE STOCK GAUNTLET CONTINUES! ⚔️🛡️
STOCK/ TRADE SETUP UPDATE: 6/17
6⃣ SOUND HOUND AI - NASDAQ:SOUN
Video Analysis:
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LIKING l FOLLOWING l SHARING
Hit the🔔as well to be notified when each video drops
NFA #tradingstrategy #HIGHFIVESETUP
NASDAQ:SOUN
NASDAQ:SOUN
#NEOUSDT Weekly#NEOUSDT Weekly
BINANCE:NEOUSDT is currently accumulating below the mid-resistance👀
Overall it's a massive bullish flag🔥
Short-Term I am looking for ranging between mid-resistance & demand zone, then get ready for breakout🚀
🎯mid-term target - 16.21$
🎯mid-term target - 20.24$
🎯long-term target - 24.48$
Solana: Second Wave Has Started – $300 Incoming!New bi-weekly signal confirmed – Targeting $300 as the first TP.
Monthly will confirm if it hits $219 this month.
If you’re not taking advantage of this with NASDAQ:RAY , $MEW, $POPCAT, I don’t know what you’re buying in crypto. The trades are crystal clear!
This trend is expected to expire by July 2025. Not saying it will pump nonstop until then, but just keeping it for reference.
One more thing to note: the SOLETH chart is still bullish, but we may see a cool-down by Jan/Feb. There’s a chance Ethereum could start taking the spotlight in Q1. Nothing set in stone until I see the price action by then. It could just be a consolidation phase that takes weeks to form before any further continuation, and CRYPTOCAP:ETH continues doing what it has been doing—absolutely nothing.
Altseason is closeLast one before sleep, we’re going into an altseason in only 2-3% dominance change . It wont be very big but it deffo helps alts to breath again and live . In the last ta i gave you two scenarios which the second one took place and here we are at 60% and I’m kinda sure about hitting resistance and pulling back for a while .
Will keep you updated .
DogeUsd moves up but watch 4 Bitcoins break above 76,522
Bitcoin is making a sluggish return to the long-side in trading today, so DogeUsd is following suit.
But Bitcoins next leg-up is dependant on a Top2 system 'taking' and a BTCUSD move above price 76,522 should ensure Bitcoins next bullish move but also DogeUsd.
My other pick at the moment is Cardona, ADAUSD which I picked Long at 0.33 & is now at nearly 0.39, however it's chart is indicative of much higher prices as Bitcoin Price Ascends further.
gbpaud buy signal. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
TSLA CRACK!TSLA cracking higher with a gap up breaking out of a wedge after several attempts this year,
Personally, I don't like wedges since they have a tendency to crack one way and reverse the other.
But having the entire US gov't giving you a free pass to do whatever you want without fear of being prosecuted for illegal activity and getting even more free money from the taxpayers. It might be different this time.
I can only tell you what the charts say.
Altcoin Season is Inevitable in CryptoWelcome to the 2024 Bull Market Rally!
Altcoins are primed for a major breakout soon. The key is whether BTC dominance (BTC.D) drops from its current level around 60.41% or pushes up to 61.40%. If BTC.D falls below 59%, we’re likely to see the long-awaited altcoin season take off!