Community ideas
GBPJPY - Weekly forecast, Technical Analysis & Trading IdeasMidterm forecast:
While the price is below the resistance 199.790, resumption of downtrend is expected.
We make sure when the support at 182.782 breaks.
If the resistance at 199.790 is broken, the short-term forecast -resumption of downtrend- will be invalid.
Technical analysis:
The descending flag taking shape suggests we will soon see another leg lower.
A peak is formed in daily chart at 198.945 on 12/30/2024, so more losses to support(s) 191.884, 189.477, 186.231 and minimum to Major Support (182.782) is expected.
Take Profits:
196.006
193.510
191.884
189.477
186.231
182.782
178.409
Total Profit: 3204 pip
Closed trade(s): 1584 pip Profit
Open trade(s): 1620 pip Profit
Trade Setup:
We opened 8 SELL trades @ 196.68 based on 'Peak' entry method at 2024-12-30, signaled by DTO.
Closed Profit:
TP1 @ 196.006 touched at 2024-12-31 with 67 pip Profit.
TP2 @ 193.510 touched at 2025-01-09 with 317 pip Profit.
TP3 @ 191.884 touched at 2025-01-13 with 480 pip Profit.
TP4 @ 189.477 touched at 2025-01-17 with 720 pip Profit.
67 + 317 + 480 + 720 = 1584 pip
Open Profit:
Profit for one SELL trade is 196.68(open price) - 192.632(current price) = 405 pip
4 trade(s) still open, therefore total profit for open trade(s) is 405 x 4 = 1620 pip
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BTC/USDT (4H) Chart Analysis
1. Overall Market Outlook:
Current Price: 105,217.41 USDT
Mid-term Trend: After a sharp decline, the price reacted at the 99,607 USDT support level and is now moving upwards.
Key Resistance Levels: 106,753 USDT
Key Support Levels: 101,562 USDT and 99,607 USDT
2. Indicators & Moving Averages:
MA 50 (Blue) & MA 200 (Red): A potential bullish crossover is forming, indicating a possible trend reversal to the upside.
RSI: Recovering from the oversold zone, suggesting further bullish momentum.
---
Trading Plan
✅ Entry Point: 101,562 USDT (Possible retracement before further upward movement)
🎯 Target Levels (Take Profit):
First Target: 105,217 USDT (Initial resistance)
Second Target: 106,753 USDT (Key resistance)
📉 Stop Loss: 97,560 USDT (Below the key support level, to avoid invalid setups)
⚠️ Important Notes:
If the price reaches 105,217 USDT, consider taking partial profits and moving the stop loss to the entry point.
A strong breakout above 106,753 USDT could push the price towards 108,500 - 110,000 USDT.
If 99,607 USDT support is broken, the trend could turn bearish, so risk management is crucial.
📌 Conclusion:
This strategy aims to enter on a retracement and ride the upward wave. Due to nearby resistance levels, strict risk management is necessary.
TOKENUSDT Reversal Incoming – Prime Accumulation Zone! 📉 Current Market Outlook:
TOKENUSDT is currently trading in the Discount Zone, signaling an optimal BUY opportunity for smart investors. The price is hovering near a weak low, indicating potential exhaustion of the downtrend.
📊 Key Technical Insights:
✅ Break of Structure (BOS) suggests a shift in momentum.
✅ Accumulation Phase in the discount zone – ideal for strategic entries.
✅ Target Zones:
🎯 Equilibrium Point (~$0.06 - $0.10)
🎯 Premium Zone (~$0.17 - $0.24)
🚀 The Game Plan:
🔹 Accumulate now while price is suppressed.
🔹 Expect a reversal rally towards $0.17 - $0.24 🚀.
🔹 Potential 5x - 7x gains in the coming months!
📢 Final Thoughts:
This is a golden chance to accumulate TOKENUSDT before the next parabolic move. With the right risk management, this setup offers high-reward potential for patient investors.
🟢 Smart Money Moves NOW – Will You? 💰💎
#Crypto #TOKENUSDT #Trading #Investment #Reversal
#BTC short trade, previously shared trade idea still activeI saw that it still appears like a great time to buy, but after previewing it, it never gave us the price we wanted to buy at. More liquidity was created before it went down, and now there are more opportunities for our entry price to go down. Let's watch how it moves from here.
Bullish bounce off pullback support?AUD/CAD is falling towards the pivot which is a pullback support and could bounce to the 1st resistance.
Pivot: 0.89466
1st Support: 0.89050
1st Resistance: 0.90056
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
XAUUSD Bullish Channel Formation & Resistance LevelsGold (XAUUSD) Maintains Bullish Structure Within Ascending Channel
Trend: Price is respecting an ascending channel, bouncing off key trendline support.
Support Zone: The red highlighted area (~$2,720) acted as a strong demand zone.
Key Touchpoints: Multiple bullish rejections at the lower trendline indicate continued buying interest.
Potential Scenarios: Price may continue upwards toward the upper channel boundary (~$2,820-$2,860), with possible retests of the mid-channel zone before further upside.
Invalidation: A break below the channel could lead to a bearish correction.
Overall, the bullish trend remains intact unless a significant breakdown occurs.
ADA - March 3rd Wedge Convergence for a 37% pop or dropBefore March 3rd there will be an ADA convergence pop up or down. 37% down to volume gap or a retest of previous high for a 37% gain.
I'm inclined to lean to the bullish side given the recent roadmap milestone.
The Cardano blockchain is transitioning to a decentralized form of governance today through the activation of the Plomin hard fork. The hard fork will go live at around 9:45 PM GMT on January 29, 2025.
Following the hard fork, delegated representatives (DReps) will be able to vote on Cardano governance actions using their own ADA, as well as ADA tokens delegated to them by individual holders.
Earlier today, Cardano founder Charles Hoskinson shared the 2025 roadmap published by Input | Output (IO), the company leading the technical development of the Cardano blockchain protocol. The roadmap outlines IO’s key goals for 2025 based on three main areas of focus:
1) Scalability
2) Usability and utility
3) Interoperability and extensibility
Some of the most exciting initiatives included in IO’s 2025 roadmap include the privacy-focused Midnight partner chain, advancements in smart contract development tools, the Ouroboros Leios consensus protocol and the Hydra layer 2 scalability solution.
Gold (XAUUSD) Analysis Bullish Momentum Hello Dear Traders And Trading View Community
Here is my New Analysis OF Gold After Completing Our Target This Is New Setup
Must Support Me And And Share My Analysis With Your Friends Thanks Trade Safely
In My Overview Of Gold Trying To Break The Resistance Near $2790 For Going All Time High Again Running Between Strong Resistance And Support Zone
If Gold Break the Resistance Level it Can Move Further Upward Till New All Time High 2815/20 We Should Wait For Confirmation For A Strong Long Buy
Key Points
Current Price $1,05,000
Resistance. $1,06,000
Support Level $1,02,000
Our Target $1,02,500
NOTE This Analysis Only For Educational Purposes Not A Trading Advice,Trade at Your Own Analysis
SUISUI the beast i missed out when 0.78.
So regarding the time that it took to change direction after the correction ( but not as i thought it will do the correction- marked on the chart) i thinkthe direction of sui if the market conditions will be good, then we could see the price over 5.5 or even 6.2$
i wish next week to be hot, lets be patient and wait.
this price should hit during the next week
nfa
dyor
if so i will go spot
MNQ!/NQ1! Day Trade Plan for 01/30/25MNQ!/NQ1! Day Trade Plan for 01/30/25
📈 21748 & 21885.25 (NEXT ZONES: 21807-21917, 22027-22137)
📉 21473.50 & 21336.25 (NEXT ZONES: 21477-21367, 21257-21147)
Like and share for more daily ES/NQ levels 🤓📈📉🎯💰
(💎: IF THERE IS NOT MUCH VOLATILITY; FOCUS ON ZONES VERSES INDIVIDUAL PRICE LEVELS)
*These levels are derived from comprehensive backtesting and research, demonstrating over 90% accuracy. This statistical foundation suggests that price movements are likely to exceed initial estimates.*
LONGER TERM BIAS ON EUR/USDEUR/USD 1D - This here is my longer term bias for this pair, as you can see I am wanting to see price trade us down in a bearish way temporarily, trading us down and into the Demand Zone below.
Once it has traded us down and into this area I am expecting a continuation in this new higher timeframe bullish structure and would like to see the next impulse being printed into the market.
This area of Demand acting as our next higher low set in the market. If we can get an entry here we will really be able to take full advantage of the future of this market.
I feel we will see bullishness throughout the year with this pair after such a significant break in structure. In order for us to capitalise on this market we can look to short before we go long.
I will keep you all posted with my future moves for this pair, as a whole the markets have been pretty dry and slow today.
Tesla Poised for a Major Rebound Before a Deeper Correction!Our Elliott Wave analysis suggests that Tesla is gearing up for a strong rally to the $428 region by the first week of February. However, we anticipate a sharp correction thereafter, with the price dipping towards $310 by the last week of February before launching into a massive bullish wave, ultimately breaking the $500 resistance!
This movement aligns with our wave structure, where we expect a short-term rally before a necessary correction sets the stage for a parabolic move upwards.
$QQQ Analysis, Key Levels & Targets for Day Traderswow guys look at how much chaos is in our trading range today. We are trading in between the 50 day moving average to 30 minute two and moving average to 35 EMA and the one hour 200 moving average we’ve been sideways for the past two days in between those levels, if that we have island and then 528 as the top of the expected, move and if we break underneath it 513 is the bottom of the expected move today. Intense.
XRP Holds Strong Amid Market Correction – Next Stop $3.50?Despite broader market corrections, XRP remains resilient, gaining over 1% in the past 24 hours and surging 55.15% in the last 30 days. With a YTD return of +34.51%, XRP currently holds the title of the best-performing altcoin among the top 25 projects.
Technical indicators continue to favor bullish momentum. The 50/200-day EMA shows growing buying pressure, while the RSI hovers near overbought levels, signaling sustained demand. If XRP maintains its position above $3, it could build momentum toward its next resistance at $3.50.
However, if bearish pressure increases, XRP may retest its support at $2.75 before another attempt at an upward move. For now, all eyes are on whether XRP can break through key resistance or face short-term consolidation.
With strong technical support and continued investor confidence, XRP could be gearing up for another bullish push. Will it hold above $3 and make a run for $3.50?