EURUSD POSSIBLE SELLThe market is currently testing the current Daily 0.5Fib area. Based on 4HR TF, the market seems to be forming a possible reversal pattern via price action.
We could see SELLERS coming in strong should the current level hold.
Disclaimer:
Please be advised that the information presented on TradingView is solely intended for educational and informational purposes only.The analysis provided is based on my own view of the market. Please be reminded that you are solely responsible for the trading decisions on your account.
High-Risk Warning
Trading in foreign exchange on margin entails high risk and is not suitable for all investors. Past performance does not guarantee future results. In this case, the high degree of leverage can act both against you and in your favor.
Community ideas
EURCHF: Break Above or Below 1M Pivot for Trend DirectionHello,
For further bullish movement, OANDA:EURCHF needs to break and hold above the 1M pivot point. Conversely, a break and hold below it will confirm a continuation of the downside trend.
No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
EURUSD 22/12/24EUR/USD Update: Final Week of Trading Before the New Year
As we head into the last week of trading before closing shop for the year, here’s a recap and outlook:
Last week, we called a short after identifying our "money out" level. With a daily bearish bias and liquidity sitting above the highs, we outlined a clear sell scenario. The market delivered exactly as expected.
Looking ahead to this week, our bias remains unchanged, and the principles stay the same. We are targeting deeper moves lower, focusing on the daily low at the base of the current range. Following the same approach, we anticipate the highs to be swept first, creating opportunities to enter and ride the price down to key lows.
Currently, we have a potential high forming near the center of the range, but this is unconfirmed for now and remains a possibility. Keep an eye on all the marked highs—we’re waiting for a sweep of these levels, which could trigger the final market move of the year. If an entry presents itself, we’ll look to trade lower.
Stay disciplined, trade your plan, and manage your risk.
Buy #GOLD 2597 - 2591💎 Buy #GOLD 2597 - 2591 💎
Stoploss 2576
Breakeven 2597.5
TakeProfit 1: 2599
TakeProfit 2: 2601
TakeProfit 3: 2603
TakeProfit 4: 2605
TakeProfit 5: 2607
TakeProfit 10: 2617
TakeProfit 20: 2637
TakeProfit 30: 2657
Trade at your own risk
Protect your capital
The Wizard 🧙♂️
Wednesday 12/18/2024 06:00 PM EST
Nifty Short, Medium & Long Term : 23-Dec-24 to 27-Dec-24Nifty Short, Medium & Long Term : 23-Dec-24 to 27-Dec-24
Nifty closed at 23587 (last week) , for last 30-40 days nifty was in rangebound movement last week on the last day market went below 24000 and went near to 23500.
RSI at 34 ,Macd signal is negtaive 45 and stochastics levels is 3.5%, all three indicates oversold.
Buy call on dips was given two week before. Market fell near to 600 points in the last day and broke the support. market may fall to 23000. Hence please filter the stock, diversify investment in equities with lesser risk stocks. However, SIP on stocks/ MFs always better at this critical time.
Interest Rate reduction and Feb Budget is the key for the market to sustain above 25000, move above 26000 to next targets of 27000.
I started adding the stocks and Mutual Funds during this downfall for the last two weeks and continue to buy if there is further fall. Use the opportunity and grab the good value stocks or invest in Mutual funds. Assume each parcel can be 5-7 % parcel of your total investment planned in the near term.
Kindly read the Bitcoin Blog which i have written in Sep & Oct 24 with clear Indications to Buy with target of atleast 77000 and it touched 100,000 as Trump won the US Presidential election .
Caution was emphasized on Nifty for last 4 months as nifty PE (Currently in22.8) was in high level with high valuation especially in Mid cap & Small Cap. PE ratio 21.7.
Mutual Funds SIP shall be invested as the goal is for more than 5-10 years at this critical period , further market correction can happen upto nifty index to 22800 from current level, Individual value stock picking is a key at this critical time.
Fundamentally good stocks to be invested at these times. My Stock analysis of diwali recommendation from major financial agencies/ analyst and also some of the stock which is good as per my analysis will be provided upon request in comment section . Individual need to analyse on their own. Further additional fundamental good value stocks ( which i have analysed ) . Please note these are all not stock recommendation, rather an analysis. Individual Can analyse and add to your portfolio based on your risk profile.
as/
Nifty 2357 short term
Nifty short term resistance at 24800 0.5 Fib Resistance, once crossed 25122 (0.618 Fib Resistance) and 25350( Shoulder Pattern) is the next target.
Support at 24329, and 24199( Last week Low) and 24000
Medium Term next target is , if move up decisively above 25350, next target is 26268 ( all time high)and 26968 (1.618 Fib Resistance)
Medium term Support 23265 ( Nov low),23000 and 22800
Long Term : Nifty have a target of 27740, 28000 & 28190 ( Fibonacci Resistance).
Support at 21240
ETHEREUM (ETH) // The daily structure broke with one impulse, and the correction of this impulse couldn't change to a primary trend expansion.
Yet...
This is the daily chart with the structure break:
If is stays like this (so, the new daily impulse base will stand), and the waves start to build south, the short countertrend's expansion phase will be a nice opportunity to ride the corrective impulse down to the correction fibo 38.2.
If this daily impulse base is taken back by the buyers (on the daily), the primary long trend resumes.
———
We may not know what will happen, but we can prepare ourselves to respond effectively to whatever unfolds.
Stay grounded, stay present. 🏄🏼♂️
Your comments and support are appreciated! 👊🏼
USDJPY 15min ChartThe price is testing resistance near 156.400. A bearish reversal could send it toward the key demand zone at 154.500.
A short-term rejection is anticipated, followed by a lower high before resuming the bearish trend.
The critical target lies near 154.500, a significant support level where buyers may regain control.
$PNUT pnut in a rounded Bottom Pattern ... Bottom out?$pnut PNUT made a 60% retracement from an all time high of about $2.4
Current price: $1.37
#pnut is currently form a rounded bottom, Price action is bottoming out...
But pnut is stuck in the range between 1-1.38
A break above can lead to higher price points up to $2.8
ETH IdeaEth pair has formed a double top pattern and broke the neckline
Retested and got rejected
so we're in a short (sell) position
our take profit will be the 0.76 fib retracement which will be our support zone
once it get reject we can enter a long position with targeting a new high
Follow us for more updates on pairs
Chiliz / TetherUS .Hello dear traders,
Today, one of the members requested an analysis of the CHZ/USDT chart, and I prepared this analysis for him. Here’s the overview of the analysis:
Friends, although Bitcoin has experienced very strong growth, this cryptocurrency has not yet been able to replicate its exceptional movements from the early months. I have combined two analyses:
One is the annual purchase analysis, which requires several years for its return. Therefore, the main buying opportunity has not yet formed, and the historical order flow that caused this significant surge has not been fully touched. For this reason, we need to exercise a bit of patience.
On the other hand, the daily analysis indicates a small upward movement that may serve as a pullback to touch the extreme order block. In the extreme zone, a suitable buying opportunity is anticipated up to the peak, which is well shown on the chart. If the main long-term peak is established, we can anticipate a pullback and consider an excellent purchase for our annual target.
Therefore, we have two scenarios:
1. Either we buy in the annual block.
2. Or we buy in the daily extreme block.
If we purchase in the daily extreme, we can hold until the peak (where we can manage our positions), and if we buy in the annual block, we can hold until the long-term annual peak.
The chart is designed very smoothly, and I hope it proves useful for you.
Wishing you success!
Fereydoon Bahrami
"A retail trader in the Wall Street trading Center (Forex)."
Unveiling the Path: Silver's JourneyHello Traders
In This Chart XAGUSD HOURLY Forex Forecast By FOREX PLANET
today XAGUSD analysis 👆
🟢This Chart includes_ (XAGUSD market update)
🟢What is The Next Opportunity on XAGUSD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
KSE 100 index is bullish until 2028KSE 100 index is bullish until 2028 to hit Life time High 350K around 2028.
But before that it is going to see 100K in coming weeks 2024-25 then rebound up towards 125K and strongly rejected downward to hit around 80K in 2026 and the start a new 4-5 year rally towards the LIFE TIME HIGH values expectedly around 200K+ and probably 350K
GENERAL INS CORP OF INDIA S/R Support and Resistance Levels:
Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline.
Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down.
Breakouts:
Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold.
Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying.
MA Ribbon (EMA 20, EMA 50, EMA 100, EMA 200) :
Above EMA: If the stock price is above the EMA, it suggests a potential uptrend or bullish momentum.
Below EMA: If the stock price is below the EMA, it indicates a potential downtrend or bearish momentum.
Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set.
Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward.
Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop.
Disclaimer:
I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
GOLD (XAU/USD) Technical AnalysisDespite recent declines, gold's long-term outlook remains bullish. Several factors support a potential price increase:
- Inflationary pressures: Gold is a proven hedge against inflation.
- Geopolitical uncertainty: Gold is a safe-haven asset during economic and political turmoil.
- Central bank demand: Increasing gold reserves by central banks supports demand.
- Potential for lower interest rates: Lower rates make gold more attractive.
However, potential headwinds include:
- Strong US dollar: Makes gold more expensive for foreign buyers.
- Rising real interest rates: Increases opportunity cost of holding gold.
Key resistance levels will be closely watched for potential breakouts. A bullish reversal could be on the horizon.
Target: $2,670
Stop Loss: $2,600
Wishing you a joyous holiday season and a prosperous New Year!
Best Wishes Tom 😎