GBPUSD dropping high chances Hello traders!
What's your take on GBPUSD? Here's my technical outlook:
A break below current levels could see price testing:
1.23008 (primary support)
1.21204 (secondary support)
Resistance is expected around 1.24500.
To refine your trading strategy, also consider:
Incoming economic data
Market mood
Global events
Have you spotted any notable indicator patterns or divergences hinting at a potential bearish swing?
Looking at the M15 timeframe, we have a potential long opportunity. Consider placing a long position while following proper money management rules:
Use a proper stop loss
Set a suitable take profit
Your feedback is welcome!
If you appreciate this analysis, please show your support and follow me.
Best wishes Tom 😎
Community ideas
#WLD/USDT Ready to launch upwards#WLD
The price is moving in a descending channel on the 1-hour frame and is adhering to it well and is heading to break it strongly upwards
We have a bounce from the lower limit of the descending channel, this support is at a price of 1.60
We have a downtrend on the RSI indicator that is about to be broken, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 1.77
First target 1.86
Second target 2.00
Third target 2.20
SBIN | LONG | BTSTSBIN is also reversing as is the case with HDFC BANK, ICICI BANK. This is why my earlier post of BANK NIFTY Long reversal was put out. Naturally when heavyweights behave similarly, the Index will also move accordingly.
My forecast is that SBIN will also achieve a Target of 782 in the coming day or two.
P.S. This is not a Recommendation. Please do your own research and due diligence before getting into any trades.
NVIDIA in Correction phaseWhat to Expect After Nvidia's Major Market Cap Tumble
Rocky White
Wed, January 29, 2025 at 6:00 PM GMT+5 2 min read
Expectations were high for artificial intelligence (AI) companies, but they took a hit on Monday after Chinese startup DeepSeek claimed it can spend way less money and deliver AI performance comparable to major tech firms.
This triggered massive selloffs in megacap stocks. Nvidia (NVDA) fell 17%, losing over $500 billion in market capitalization -- a record-breaking decline, larger than the entire market cap of companies like Mastercard (MA), Netflix (NFLX), Costco (COST), and Bank of America (BAC).
Broadcom (AVGO) also plunged 17%, losing about $200 billion in market value, while Oracle (ORCL) fell roughly 14%, or $70 billion in market cap. It made me curious how stocks have tended to perform after such massive losses.
NATGAS GAP CLOSURE|LONG|
✅NATGAS gapped down massively
And the price has almost reached
The strong horizontal support
At the round level of 3.00$
And as Gas is objectively oversold
We are already seeing some
Gap closure moves and we
Will be expecting a further
Move up until the gap is
Closed completely
LONG🚀
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EURUSD SELL NOW!!!!!We have a multiple price rejections off the fvg zone on a rising wedge breakouts on 2Hcharts on EURUSD with a bearish engulfing candlesticks confirmations after the sell side liquidity is taken out am going short from this point holding till new low is created.........
JOIN AND ENJOY
Lets know your take on this.............
Bearish drop?AUD/USD is rising towards the resistance level which is a pullback resistance that aligns with the 38.2% Fibonacci retracement and could drop from this level to our take profit.
Entry: 0.6262
Why we like it:
There is a pullback resistance level that lines up with the 38.2% Fibonacci retracement.
Stop loss: 0.6324
Why we like it:
There is a pullback resistance.
Take profit: 0.6176
Why we like it:
There is a pullback support level that aligns with the 78.6% Fibonacci retracement.
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Russell 2000 and 50DMA: The Mix for Explosive MovesWith fresh data on US GDP and inflation arriving over the next two days, Russell 2000 futures look interesting as they close in on the key 50DMA.
The index is testing minor resistance at 2312.8 in thin Asian trade, with the 50DMA not far above at 2323.5. The focus on the latter comes from its tendency to spark explosive moves once the price either breaks or bounces from it.
Over this week and last, bulls have repeatedly probed the level only to be thwarted by bears, painting a picture of a stalemate that may be eventually be resolved in a similar manner. The string of doji candles since only reinforces this view.
If we see a sustained break above the 50DMA, longs could be established above it with a stop either below it or at 2312.8 for protection. 2386.6—which has acted as both support and resistance previously—is one potential target. A break above that would put a retest of record highs on the table.
Alternatively, another rejection at the 50DMA would be a strong signal that a bearish bias may be warranted.
Mixed signals are emerging from momentum indicators, with MACD pushing higher while RSI (14) sits in a minor downtrend, though it’s threatening to shift higher.
Upcoming economic data screens as important for small-cap US stocks given their cyclical characteristics and reliance on capital markets for funding.
Good luck
DS
ETHUSD WILL GO FOR BULLISH [Read Caption]Hello Followers I am going to publish my technical setup on ETHUSD, So share your opinion in comments about my analysis..
ETHUSD is respecting support very well, it is bouncing back from support around 3031/3065. According to me ETHUSD will go for long till the first target 3200 and if it break it then will reach to the second target 3310. Let me tell you guys second target is a major resistance also..
KEY POINTS:
CUREENT PRICE 3142
SUPPORT AREA 3031/3065
FIRST TARGET 3200
SECOND TARGET 3310
feel free to support my charts and also share it with your friends if you love my charts..
BTC/USDT Analysis of this week!SORRY EVERYONE FOR LATE ANALYSIS, WE'VE HAD SOME TECHNICAL ISSUES . WERE BACK THO SOOOO.....The price is ranging and has been ranging for a while and is now at the ressistance level again....since ressistance has been hit alot of times now theres possibility that price will break it and go for a buy or break and make a fakeout return and go back down to the support level to fakeout buyers that are waitting for the break of resistance. Be carefull and dont forget...always on right confirmations!
SOL/USDT 1H: Bulls vs Bears - Waiting for the Breakout Battle! SOL/USDT 1H Chart Analysis
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Current Market Structure:
Price: $239.99, showing rejection at premium zone ($245).
Trend: Bearish after breaking previous swing low.
RSI: Hidden Bearish Divergence forming between price highs and RSI.
Smart Money Activity:
Accumulation: Likely happening at discount zone ($222-225).
Market Makers Intent: Distribution visible, suggesting potential downside to retest support.
Risk Assessment:
6/10: Mixed signals from current range.
Concerns:
RSI leaning bearish.
Price trapped between Fair Value Gap (FVG) zones.
Key Levels:
Resistance: $245 (premium zone).
Support: $222-225 (discount zone), critical level at $232.
Recommendation:
Wait for confirmation:
Break above $245 for long entries.
Break below $232 for short setups.
Avoid entering while price remains range-bound.
Market Maker Intent:
Distribution: Ongoing at current levels.
A move down to retest support is likely unless the range is decisively broken.
Patience is key here Wait for a clear breakout or breakdown to confirm the next move. 🚨
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BUYING SWING TRADE HDFC LIFE Last week HDFC LIFE presented Q3 result , which looks good compare to last Quarter, HDFC life had corrected nearly 45% from its recent high and consolidating near buying range. OUR research initiated BUY rating from current levels.
BUY RANGE : 620-625
STOPLOSS : 578
TARGET : 678-700
REWARD:RISK : 2:1