EURUSD another selling opportunity!Hey guys,
To keep it short, based on my previous analysis on EURUSD that the first TP target hit, I want to share another selling opportunity on this currency pair.
I consider the previous movement as a false breakout of price and a good rejection is happening.
So It can be another sell opportunity with reasonable risk/reward ratio (around 1/3).
Good luck
Priceactionanalysis
#NIFTY Intraday Support and Resistance Levels - 31/01/2025Gap up opening expected in nifty. Expected opening near 23350 level. After opening if nifty starts trading and sustain above 23400 level then expected strong upside rally upto 23600+ level in opening session. Any downside movement expected below 23350 level. Important support level for nifty is 23100 if nifty starts trading below this level then expected sharp downside movement
AARTIIND : Going long for about 1.875% of the net capitalI have taken 3 positions at various levels, bringing my total holding in the scrip to 1.875% of my net capital. I may consider adding to the position if the price falls to the low of the descending channel marked on the chart. However, both macro and microeconomic factors, as well as the momentum of the decline, will be carefully evaluated before making any additional entry. If that position is taken, the net allocation in the scrip will increase to approximately 2.5%, which will be the final position in this scrip.
For now, my targeted move is approximately 49% of the invested capital based on the current average price.
📢📢📢
If my perspective changes or if I gather additional fundamental data that influences my views, I will provide updates accordingly.
Thank you for following along with this journey, and I remain committed to sharing insights and updates as my trading strategy evolves. As always, please feel free to reach out with any questions or comments.
Other posts related to this particular position and scrip, if any, will be attached underneath. Do check those out too.
Disclaimer: The analysis shared here is for informational purposes only and should not be considered as financial advice. Trading in all markets carries inherent risks, and past performance is not indicative of future results. It’s essential to conduct your own research and assess your risk tolerance before making any investment decisions. The views expressed in this analysis are solely mine. It’s important to note that I am not a SEBI registered analyst, so the analysis provided does not constitute formal investment advice under SEBI regulations.
[INTRADAY] #BANKNIFTY PE & CE Levels(31/01/2025)Today will be gap up opening expected in banknifty. After opening if banknifty starts trading and sustain above 49550 level then expected strong upside rally of 400-500+ points in index. Any major downside only expected below 49450 level. Downside 49050 level will act as a important support for the today's session.
Ethereum’s Falling Wedge A Massive Breakout on the Horizon ?Ethereum (ETH/USDT) 4H Chart Analysis Falling Wedge Breakout Potential
Technical Breakdown
The 4-hour timeframe for ETH/USDT indicates a falling wedge pattern, a typically bullish structure that suggests a potential upside breakout.
Price recently hit $3,200, currently consolidating within the wedge formation.
The wedge pattern consists of lower highs and lower lows, compressing price action into a tightening range, which increases the probability of a breakout.
A breakout above the upper trendline could trigger a strong bullish move, confirming buyers stepping in.
Key Levels to Watch
Breakout Confirmation
A 4H candle close above the wedge trendline is crucial to confirm a bullish breakout.
Immediate Resistance
$3,500 This level might act as the first resistance after a breakout.
Support Zone
$2,750 - $2,700 – If price faces rejection, this zone could serve as strong support before another attempt to break higher.
Trading Strategy
Long Entry
Wait for a 4H candle close above the wedge trendline to confirm the breakout.
Stop Loss
Below $2,900 (recent swing low) to manage risk in case of a false breakout.
Targets
First Target $3,500 (psychological and technical resistance)
Second Target $3,900 (major resistance from previous price action)
Third Target $4,300+ (bullish continuation if momentum sustains)
ETH is at a critical inflection point, and a breakout above the wedge could lead to a significant bullish move. Keep an eye on price action, volume, and confirmation signals before entering any trades.
GBP/JPY Breakdown Bears Take Control After Trend ReversalThis chart represents the British Pound to Japanese Yen currency pair on the two-hour timeframe. A clear breakdown from a previously established uptrend structure has triggered a short position. The trade setup is based on price action breaking below a key support level, confirming a shift in market sentiment toward bearish momentum.
The short entry was taken after the price broke below the ascending trendline and retested the level as resistance. The stop-loss is positioned above the recent high to mitigate risks in case of an invalidation. The take-profit target is set near 188.311, aligning with a key demand zone and a possible area of price reaction.
The trade exhibits a strong risk-to-reward ratio, ensuring a balanced approach to downside potential. With momentum favoring sellers, this setup remains valid as long as the price sustains below the broken support level. A clean follow-through to the downside would confirm further selling pressure.
Bitcoin Monthly Candle Close Colour and patterns JAN UPDATE
January Candle closed GREEN after a RED December close.
This now complicates issues greatly.
Of the previous 7 Green January Candles, 3 were after a RED December
We just created a 4th Green January after a RED December, which was the last December, 2024, current cycle.
From those 3 previous occasions, 2 of those went to a RED February and the 3rd was a close call but just managed to remain Green
Of the 3 RED February we have ever had, every one came after a Green January
Of the previous 7 Green Januaries, we had 4 Green February
The 3 Green Januaries after a RED December, went as follows ;-
The 1st was just after the 2013 ATH and led us down the slope into a Bear. The Following March was also RED
The 2nd was after Jan 2020 and the February closed RED and the March that followed saw a deep dive of near -60% before recovery that eventually led to the 1st ATH in 2021
The 3rd was in 2023 and February Closed Green but only Just and The Following March saw a 40% Rise Green
The other RED February we had was in 2012. This Followed a Green December and January and the March that followed was RED but then the Price went mental and rose to the 2013 ATH
If we are following patterns, we have a higher chance of a RED Feb and maybe March also but from that point on,. we Rise
This would actually be beneficial to Bitcoin PA as the weekly MACD is still OverBought and needs to cool off if we are going to reach for anew ATH in Q3 or Q4 2025
The real question is, are we still following patterns ?
Remeber, this is the BITCOIN chart - If BTC pulls back a bit, the ALTS will Follow
Providing BTC PA remains stable and BTC Dominace decreases, then ALTS have a chance.
But, as I mentioned early last year ( I think it was) Because Bitcoin is now a Corporate asset and seems to be being bought with a view to hold longterm, where will the Liquidity to finance an ALT Season come from ?
I think the ALT seasons we all remember are highly unlikely to return and I will explain why in a post I am currently building up where I will do the Monthly ccandle close colours for TOTAL and OTHERS Market Caps
Just got to find the time to finish them
Stay safe
AUTOBEES : Going long for about 6.25% of the net capitalI have taken 5 positions at different levels, resulting in a net holding in the scrip that accounts for approximately 6.25% of my net capital.
I might consider adding to the position if the price falls to the entry levels marked on the chart, depending on the momentum of the decline.
For now, my target is the all-time high, which would yield a profit of about 16% on the invested capital based on the average entry price.
📢📢📢
If my perspective changes or if I gather additional fundamental data that influences my views, I will provide updates accordingly.
Thank you for following along with this journey, and I remain committed to sharing insights and updates as my trading strategy evolves. As always, please feel free to reach out with any questions or comments.
Other posts related to this particular position and scrip, if any, will be attached underneath. Do check those out too.
Disclaimer: The analysis shared here is for informational purposes only and should not be considered as financial advice. Trading in all markets carries inherent risks, and past performance is not indicative of future results. It’s essential to conduct your own research and assess your risk tolerance before making any investment decisions. The views expressed in this analysis are solely mine. It’s important to note that I am not a SEBI registered analyst, so the analysis provided does not constitute formal investment advice under SEBI regulations.
EURUSD is possible to drop soon!Hey guys,
based on the chart, I've identified a resistance area (in 4H timeframe).
And we can see the rejection of price from the mentioned area.
Also as confirmation for our scenario is the descending channel that is identified on the chart.
So It ca be another good trading opportunity with risk/reward ratio around 1/4 which is considerable!
Good luck.
30.01.25 Morning ForecastNothing on main watch for me today! A lot of pairs need some development in forming their structures. It's in these times where we need to be able to take a step back, understand it is not a time to be aggressive and stay patient for when entries next shape up.
We have some USD and EUR news today to be aware of, but nothing major.
Catch you guys tomorrow!
#NIFTY Intraday Support and Resistance Levels - 30/01/2025Flat opening expected in nifty. After opening possible nifty will consolidate in between the range of 23100-23200 level. If nifty gives upside breakout of 23200 level then expected bullish rally upto 23350+ into today's session. Strong downside move expected below 23100 level. Downside next support level at 22900 for nifty in today's session.
[INTRADAY] #BANKNIFTY PE & CE Levels(30/01/2025)Today will be flat opening expected in banknifty. After opening if banknifty sustain above 49050 level then expected upside movement upto 49450 level in today's session. But in case banknifty starts trading below 48950 level then possible sharp downside move of 400-500+ points possible in index to the negative trend.
$XAUTUST Chart Analysis of Price Prediction 2025 see more chartBITFINEX:XAUTUST Chart Analysis of Price Prediction 2025 see more chart...
Gold price flat lines above $2,760 level as traders keenly await FOMC decision Gold Price Forecast: XAU/USD nears $2,750 as Fed’s decision looms
From a technical perspective, the recent breakout through the $2,720-2,725 horizontal barrier and positive oscillators on the daily chart suggest that the path of least resistance for the Gold price remains to the upside. A subsequent move above the $2,772-2,773 area will reaffirm the constructive outlook and lift the XAU/USD beyond the $2,786 area, or the highest level since October 2024 touched last Friday, towards the all-time peak, near the $2,790 zone. Some follow-through buying, leading to a strength beyond the $2,800 mark, will be seen as a fresh trigger for bullish traders and pave the way for an extension of a well-established uptrend witnessed over the past month or so.
XAU/USD Current price: $2,753.60
The Federal Reserve will likely keep rates on hold in today’s monetary policy meeting.
The United States will publish the preliminary estimate of the Q4 GDP on Thursday.
XAU/USD could extend its slide in the near term amid prevalent US Dollar demand.
Gold is under modest selling pressure on Wednesday as caution rules ahead of the Federal Reserve’s (Fed) monetary policy announcement. The United States (US) central bank is widely anticipated to keep the benchmark interest rate unchanged after trimming 25 basis points (bps) and settling it at 4.25%-4.5% in December.
Support levels: 2,747.20 2,734.60 2,716.50
Resistance levels: 2,764.85 2,777.30 2,789.95
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your own research before making any investment decisions.
NDQ100 Update - Overaction? Thanks for checking out our latest update. Today, we are looking at the NDQ100 daily chart.
What a 48 hours we have seen. After a plunge that wiped off up to 1 trillion dollars and close to 600 million off Nvidia, we saw a fast fightback at the end of the session and a recovery on Tuesday. The crash occurred after Chinese Tech company DeepSeek shocked the AI world with a powerful LLM.
Looking at the last price action, has support reformed? Will we see the new push higher after this last seller test? Buyers look interested, but we would like further confirmation with rallies that fill the gap or a test of the last high.
Good trading from Eightcap.
#NIFTY Intraday Support and Resistance Levels - 29/01/2025Gap up opening expected in nifty. After opening if it's sustain above 23050 level then upside rally expected in index. Major downside possible if nifty starts trading below 22950 level. This downside can be goes upto the 22700 level after breakdown of 22950 level. 22950-23050 level act as a consolidation zone for nifty.
[INTRADAY] #BANKNIFTY PE & CE Levels(29/01/2025)Today will be slightly gap up opening expected in banknifty. Expected opening near 49000 level. After opening if banknifty starts trading and sustain above 49050 level then expected upside rally of 400-500+ points in index. If reversal from this level then banknifty can move upto the 48550 level in today's session.
Selling opportunity for GBPUSD!Based on the chart, price reached a resistance area that I previously considered for bigger timeframe and the reaction of price to this area is visible.
So I considered this rejection of price and making new lower lows as changing the trend to bearish (in 15min chart ).
Also risk/reward of this opportunity is around 1/4 which is considerable and I prefer to try it. how ever please pay attention to the news ( Durable goods orders ) that can effect on the chart.
#NIFTY Intraday Support and Resistance Levels - 28/01/2025Gap up opening expected in nifty near the 22950 level. After opening it will face resistance at this level and chances of reversal in index. If reversal occurs at this level then expected downside movement upto 22700- in today's session. Any bullish rally now only expected if nifty starts trading and sustain above 23050 level.