GBP/USD DELL ↘️ Short Trade setup ↘️Hello Everyone 🙋🏽♂️
Breakout + resistance not breaking
💲 Entry Point : 1.27153
✔️ Tp 1.23510
🔴 SL 1.28575
We are not responsible of any losses for anyone, our trades are profitable more for long terms and we take losses as everyone,
manage your lot size as well and your SL and TP and my opinion is 0.01 lot for each 500 $.
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Best Regard / EMA Trading .
Disclaimer:
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It's not a financial advise, As everyone we take losses sometime but for long term trading we are profitable traders, so manage your account well with SL and TP and your lot size to keep your account safe and stay in the market
Resistance_level
Uncertain EURUSD, but These Levels are likely ImportantUncertain EURUSD, but These Levels are likely Important
Dear Esteemed Members,
I know when I say the EUR can go up or down, doesn't seem to be useful, but I believe the outcome depends on resistance or support break and fundamental factors.
As per the latest technical analysis updates, it is widely agreed that the EUR/USD exchange rate is currently experiencing a downtrend. Examination of the four-hour chart reveals that the pair remains below both the 50- and 100-hour exponential moving averages in a downward trajectory. The relative strength index (RSI) is also bearish, dipping below 40, reinforcing the prevailing bearish sentiment. Immediate support is identified at the 1.0920 level (200-hour exponential moving average), followed by the 1.0880 level (lower boundary of the rising regression trend channel) and the 1.0850 level (Fibonacci retracement of the latest rise).
Conversely, potential resistance levels for the EUR/USD are at the 1.0970 level (100-hour exponential moving average), the psychological and static level at 1.1000, and the 1.1050 level (midpoint of the rising channel).
In addition to technical factors, fundamental influences shape the EUR/USD exchange rate in the coming days. Attention focuses on the upcoming United States December labor market report, encompassing non-farm payroll (NFP) changes, average hourly earnings growth, and the unemployment rate. Market expectations project a 170,000 increase in NFP, a decrease from the 199,000 recorded in November. A higher-than-expected NFP could bolster the US dollar, exerting downward pressure on the EUR/USD exchange rate. Conversely, a lower-than-expected NFP may weaken the US dollar and elevate the EUR/USD exchange rate.
Kind Regards,
Ely
GBPJPYGBPJPY is trading in range bound with 500 pips range.
some time ranges are the best things to play just buy the support and sell the resistance.
as this one is 500 pips range which can deliver fine risk to reward.
currently the price is at resistance level and being rejected due to sell pressure.
will the pair head back to support area ?
what you guys think of this idea ?
BITCOIN|A correction and continuation of the BULLISH trendAfter reaching the 4H resistance zone, Bitcoin experienced a sharp drop.
In my opinion, this was a movement to correct the trend, and according to the previous analysis, we can hope for the continuation of the upward trend.
Continuing the movement of the new resistance area of 45100 and 46450 are still Bitcoin's targets for the future.
The Royal Trapping of Retailers - Pre-warnedOn Dec 20 - almost 10+ sectors in Nifty faced their individual resistances together - which " Triggered " a coordinated sell-off.
I once again say the word - Trigger because FIIs and DIIs just kick started a sell-off and Retailer investors fell into the trap when they saw all their stocks across sectors started falling together. Just panic selling. At the end of the day FIIs and DIIs bought all the stocks resulting in Net +3000 crore of Buy activity despite major fall across all sectors
I wrote a 8-part article already about this on same day. Additionally I Pre-warned on Dec 31 that similar situation is expected to happen on Jan 1st week as 6 out of 13 sectors are meeting their long term resistances together.
Today - it came to Life. Another big round of sell-off across many sectors but net activity of FIIs and DIIs are both on BUY side. So who got fooled ? Who got trapped Royally?? It's us the Retail investors who once again don't have the perseverance, the technical knowledge of charts , the conviction on their own portfolio falling prey to Panic Selling.
We need to " Learn to Ride the Tide irrespective of its Side "
Thats the moto of our group - Stocks-n-Trends
Team Stocks-n-Trends
Bitcoin(BTC): Rejected $45K Zone!!!We got what we came for!! We have a very nice rejection near the $45K zone, which shows demand for further movement to lower zoes.
Remember, the longer the tree grows, the harder it falls. We are still way too expanded and overbought on BTC, so keep your eyes open for potential further movement to lower zones!
The start looks promising, but we gotta be careful for any short-squeeze!
Swallow Team
Nifty - Surgical Precision Target & CorrectionOn Weekly Chart - After the Cup and Handle BO - Nifty retested the BO zone and bounced forming a Rounding Bottom BO. The Target for RB is 21820. The Multi-year trendline resistance is likely to cross around 21900-22000. Given India Vix BO, Nifty might face sharp correction after testing 21820-21900 levels. Keep a tab on individual stocks and their support levels
After reaching the Target of Rounding Bottom BO at 21,820 - Nifty faced with a Sharp Correction Precisely from the target level
This is the speciality of Technical Analysis. Technical Analysis is NOT based on Hope / Expectation / Trust on Management / Company / not a Future Forward state. A Chart Pattern is formed by "Herd Consensus" - How Majority People Behave, How Big Players / Operators create a situation of Demand / Panic Selling manipulating the minds of Majority Retailers.
Technical Analysis is simply a Scientific & Mathematical model of Human Behaviour and I see it as my Bhagavad Gita / Holy Bible / Quran. It already encompasses Hyped News messages from Media, Fraudulent attempts of some company management, Actions by Regulators, Company's product focus, future vision everything and is engraved in stone and hence cannot be changed.
This is why and how Technical Analysis works successfully
Disclaimer:
Stocks-n-Trends is NOT a SEBI registered company. We do not provide Buy / Sell recommendations - rather we provide detailed analysis of how to review a chart, explain multi--timeframe views purely for Educational Purposes. We strongly suggest our followers to "Learn to Ride the Tide" and consult your Financial Advisors before taking any positions.
If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments
-Team Stocks-n-Trends
Can 1st Week of 2024 avoid the Thunderstorm of Dec 20, 2023 ???Remember the Great Sudden Multi-Sector Fall of Dec 20, 2023 where Almost all Sectors of NSE/BSE fell together ???
Refer our 8 Part Series - Decoding the Mystery of the Dec 20 Fall for more explanation of why we faced Major Selling Pressure Across Sectors
Is there a possibility of something Similar on the New Year Week ??? - Before we say Yes / No - let's first understand what happened on Dec 20, 2023.
If 1 particular Sector (ex: Small Cap) faces its resistance, major small stocks is expected to face a correction. When we have diversified portfolio with multiple sectors - we will still have a healthy Day P&L as other sectors provide some support
When All Sectors face their Resistance together - most of the stocks in your portfolio will see RED same day which triggers Panic Selling of weak hands - which aggravates the situation further.
1st Week of Jan 2024 is facing similar situation. 6 out of 13 Sectors what we reviewed are facing their Resistance together. Rather than saying its "Time to be Cautious", I would suggest "Its Time to be Brave". There could be a Panic Selling again from Retail investors, but its just a normal Correction. Those who held their nerve on the Dec 20 crash would vouch for the fact that their Portfolio recovered fully / more than the fall within next 2-3 (or max 5) sessions.
Small Cap
Mid Cap
Energy
Realty
IT
Nifty
The Remaining 7 Sectors - Look good with BO and more room for Upward move. So, this time, it won't be as bad as Dec 20 and if people realize their Mistakes from Dec 20 and hold their nerve - we can collectively overcome the situation
7 Sectors that are Bullish / Have more room for Upside:
Pharma
Media
Metal
Auto
Finance
Bank Nifty
FMCG
If you like our analysis - please do share your views, likes, Boosts and support us
- Team Stocks-n-Trends
STRAX: Building Momentum for a Breakout! 🚀💹Introduction: 🌐 STRAX is under the spotlight as the trader strategically accumulates for potential gains! The coin has been consolidating within the historical resistance zone of $1.19 - $1.27 for the past two months. With substantial accumulation and significant volumes, the trader anticipates an impending breakout, projecting bullish momentum in the coming weeks.
Trade Plan: ✅ The trader has acquired a mid-term position on STRAX, observing the coin's consolidation near the historical resistance zone. The accumulation phase, coupled with substantial volumes, fuels the expectation of an impulsive breakout and subsequent upward movement.
Technical Analysis: 📊 Examining the chart, STRAX has been approaching the historical resistance zone of $1.19 - $1.27 for an extended period. The trader identifies the impressive accumulation and substantial volumes, signaling a potential breakout. The anticipated breakout is expected to initiate a sustained upward trajectory.
Risk Management: 🚨 To manage risks, the trader suggests placing a stop, at the discretion of the investor, at approximately $0.897.
Targets: 🚀 The trader has marked potential targets on the chart, providing a visual roadmap for prospective gains.
Conclusion: 🌟 STRAX beckons traders to join the momentum-building phase as it eyes a breakout from the historical resistance zone. With strategic accumulation, substantial volumes, and outlined targets, the trader anticipates a bullish surge in the coming weeks. Prepare for potential gains with STRAX! 💹🚀
SOL Analysis: Navigating the $100 Milestone! 🚀💯Introduction: 🌐 Solana (SOL) has made an impressive journey, surging beyond the crucial $78 resistance and reaching the psychological milestone of $100. While breaching $100 remains a challenge due to profit-taking expectations, the analyst anticipates potential pullbacks from this level.
Key Levels: ❗️ The immediate focus is on solidifying above $80, ensuring a sustained upward bias. Maintaining this level is crucial for preserving the bullish outlook. Despite the struggle to breach $100, pullbacks are expected, given the profit-taking sentiment among many traders.
Short-Term Outlook: ⚠️ The primary goal is to establish SOL comfortably above $80, and ideally, surpassing $100. This strategy aims to secure an ascending priority, setting the stage for continued growth once profit-taking subsides.
Medium-Term Targets: 🎯 With a successful breach of $100, the analyst eyes medium-term targets at $120 and $140. These milestones appear achievable in the coming months, given the current positive trend.
Conclusion: 🚀 Solana enthusiasts are advised to closely monitor SOL's price action. The immediate focus is on consolidation above $80, with an optimistic outlook for breaching $100. As profit-taking stabilizes, the trajectory points towards $120 and $140 in the medium term. Stay tuned for further developments! 💹🌟
BTC Analysis (22.12): Bullish Flag Signals a Surge Towards $45-4Introduction: 🌐 Bitcoin (BTC) is painting a promising picture on the 4-hour chart with the formation of a "bullish flag" right above the breached resistance zone and below the -27% Fibonacci level. A breakout above the flag's upper boundary is anticipated to initiate a rally towards $45-46K.
Technical Analysis: 📊 The 4-hour chart showcases the development of bullish patterns, breakthroughs of crucial resistances, and compression leading towards potential bullish movements. The overall market sentiment is positive, with special mention of SOL, achieving the significant psychological mark of $100.
BTC ETF Approval Expectations: ⚠️ The anticipation of spot BTC-ETF approval early next year adds to the positive market outlook. This expectation, coupled with the formation of bullish patterns, contributes to the upward momentum, particularly in altcoins as BTC dominance locally declines.
Trade Scenario: ❗️ With a bullish flag in play, the analyst expects a breakout beyond $44K, paving the way for an ascent towards $45-46K. In the best-case scenario, a surge towards $48-50K is deemed plausible. These figures appear realistic, especially considering the positive ETF-related news.
Conclusion: 🚀 Bitcoin is gearing up for a potential surge, with the formation of bullish patterns and positive market factors. Traders are advised to watch for the breakout beyond $44K, setting the stage for an exciting journey towards $45-46K and beyond. Stay tuned for further updates as the market dynamics unfold! 💹🌟
ETH: Breaking Boundaries and Soaring High! 🚀💹Introduction: 🌐 Ethereum (ETH) is breaking free from the confines of a descending channel, signaling a pattern of continued upward momentum. Traders are eyeing a potential long entry, with the option to wait for a retest and bounce. Let's delve into the details of this exciting scenario.
Trade Details: 💰 Long enthusiasts are entering the scene, considering positions at ~$2300 - $2240 - $2200. The strategy aligns with the breakout scenario (as per the provided link) or opting to wait for a retest for a bounce.
Technical Analysis: 📊 Ethereum's price has breached the upper boundary of a descending channel, indicating a pattern conducive to sustained upward movement. The potential long entry points offer traders flexibility, either entering immediately upon the breakout or waiting for a retest.
Expectations and Targets: 🎯 Traders eye ambitious targets of $2340 - $2370 - $2400 - $2450 - $2500 as Ethereum ventures into a potentially robust bullish phase.
Stop-Loss: 👎 To mitigate risks, a stop-loss is set at $2150, safeguarding traders from unexpected market fluctuations.
Conclusion: 🚀 Ethereum invites traders to ride the wave of upward momentum. Whether you enter immediately or patiently wait for a retest, prepare for an exhilarating journey as ETH aims for new heights! 💹🌟
GOLDEN STAR|GOLD Move to the next goal-By passing the Mfomti area ahead, my idea for the next movement of gold is that, gold continues its upward movement, which is the next resistance area, which is the price (2069).
-By reaching this area, we can see the price return from this level.
-Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad
ICPUSDT: Navigating the Correction Waves with a Short Sail! 📉⛵Introduction: 🌐 Brace yourselves for a turbulent ride in the crypto seas with ICPUSDT! Traders are embarking on a short position from $9.073, navigating through recent active growth and identifying a descending structure. Let's delve into the details of this bearish journey.
Trade Details: 💰 The short position (#ICPUSDT) sets sail from $9.073, anchored with a stop-loss at $9.122. The rationale behind this move lies in the recent active growth leading to a corrective phase, forming a descending structure that signals the strength of sellers and weakness of buyers with declining trading volumes.
Technical Analysis: 📊 Zooming into the 30-minute timeframe, ICPUSDT is undergoing a correction after recent active growth, forming a descending structure that points to the strength of sellers and the weakness of buyers with a decline in trading volumes. The price compression along the trend is approaching a support level, validated multiple times and holding unrealized liquidity.
Expectations and Strategy: 🎯 The trader contemplates a gradual approach with consolidation around the support level, anticipating an impulsive breakthrough with increased activity in the order book.
Trade Target: 📉 The primary goal is to capitalize on the correction by riding the descending waves, navigating through the sea of potential profits.
Conclusion: 🛑 ICPUSDT invites traders to navigate the correction waves with a short sail. Prepare for a bearish journey, watch for price compression around the support level, and be ready for an impulsive breakthrough with heightened activity in the order book! ⛵💹
WLDUSDT: Soaring to New Heights! 🚀💹Introduction: 🌐 Brace yourselves for the next big thing in the crypto arena - WLDUSDT! Traders and investors eagerly anticipate a takeoff from the $3.79 level. Let's dive into the vibrant details of this promising trade.
Trade Details: 💰 A long position (#WLDUSDT) has been initiated at $3.79, with a stop-loss set at $3.78. Analytics highlight clear cascading levels and price compression towards robust resistance.
Technical Analysis: 📊 Zooming into the 5-minute timeframe unveils precise cascading levels and price compression towards formidable resistance. Anticipation is high for a breakthrough after multiple touches, potentially igniting dynamic growth.
Expectations and Strategy: 🎯 Traders gear up for a long position entry amid heightened tape activity. The plan includes patiently awaiting several resistance touches before executing the trade.
Trade Target: 🚀 The primary goal is to reach the $3.95 level, serving as a crucial indicator of a successful breakthrough and potential profit.
Conclusion: 📈 WLDUSDT promises exhilarating trading opportunities. Investors, get ready for a dynamic price action, keep an eye on tape activity, and prepare for possible triumphs in the market! 💹🌟
EURJPYEURJPY is trading in descending channel and printing consistent LLs LHs. Recently the price is broken the important support zone and now retesting the broken level, which is also the 50% Fib retracement level.
If the sell momentum continues the next target could be 153
What you guys think of this idea?
Xerox Holdings Corp. (NASDAQ: $XRX) Facing Strong Resistance
NASDAQ:XRX stock is facing a strong resistance at $18.36, which is the 52-week high and the upper boundary of a descending triangle pattern.
NASDAQ:XRX stock is below its 50-day and 200-day moving averages of $18.36 and $18.45, respectively. The moving averages are also sloping downward, indicating a negative momentum.
NASDAQ:XRX has a low trading volume, which suggests a lack of interest and conviction among the traders and investors. The average volume for the past 10 days is $1.82 million, while the accumulated volume for today is $16.93 million. NASDAQ:XRX may test multiple Support level's before reaching new highs.
News Analytics Align with Technicals' Slight Bearish Momentum ☄️Dear Investors,
Chart Explanation
I believe if Tesla doesn't break out from the bearish triangle, it could downtrend to $225. This is the target price of multiple scenarios. The stock is volatile enough to fall to this price without additional confirmation. However, if the price meets the resistance trendline I marked with red, it can still spiral into the mentioned target zone. The chart shows how this resistance indeed rejected rallies many times over the previous months. I drew red arrows where I believe the resistance rejected the price. If the price breaks up this resistance, bullish scenarios will become more probable and Tesla will prepare for the moon. At the moment, however, the number of bearish scenarios suggests a better risk-reward ratio for shorts with losing the EMAs today. I've got a short myself from $251, and I'd consider increasing this position size if I see another rejection near the resistance. On the other hand, a breakup of the resistance would mean taking profits from these positions and preparing for a long setup. The $225 target aligns with multiple historical gaps that the stock is yet to fulfill. From that level, it can either break down or reverse up. There are possible targets on both sides. So, I think, it's important to monitor news and technicals alike. In this idea, I'd like to give you some news trading insights and how I see the technical indicators.
News Trading - Natural Language Processing
☄️ Tesla's production and delivery growth has slowed in recent quarters. The company's production growth slowed to 54% in the fourth quarter of 2022, from 119% in the third quarter. Deliveries also slowed to 936,000 in the fourth quarter, from 1.39 million in the third quarter. This slowdown could be a sign that Tesla is facing production bottlenecks or supply chain disruptions.
☄️ Tesla's gross margin has declined. The company's gross margin was 27.9% in the fourth quarter of 2022, down from 30.6% in the third quarter. This decline could be a sign that Tesla is facing higher costs or that it is discounting its cars more heavily to boost sales.
☄️ Tesla's stock price has been volatile in recent months. The stock price has fallen by more than 40% from its all-time high in November 2021. This volatility could be a sign that investors are uncertain about Tesla's future.
☄️ There are concerns about Tesla's ability to scale production efficiently. The company has ambitious plans to produce 20 million vehicles per year by 2030, but analysts have questioned whether Tesla can achieve this goal without facing significant production bottlenecks.
☄️ Tesla's competitive landscape is becoming more crowded. The electric vehicle market is becoming increasingly crowded, with new entrants from established automakers and startups alike. This could put pressure on Tesla's market share and pricing power.
Technical Indicators
MACD has been bearish since 29 November as the bottom indicator shows. The bearish momentum isn't too strong, but it's been consistent over the last week. On the RSI, above the MACD indicator, I can see a bullish RSI cross attempt, but this cross failed and became a bearish indication. The volume bars have been somewhat stable over this time, which might not enforce a strong bearish momentum, but it shows a lack of volume necessary for reversal.
Disclaimer
It's not an investment advice. Do your research. Your funds are your responsibility. This speculation serves only entertainment purposes.
Kind regards,
Ely
NEOUSDTIs NEOUSDT exhausting at highs?
As the price is been on high bull run but now it seems like price is lacking bullish momentum after printing double top pattern at resistance level and bearish divergence( on lower time frame) suggesting the sell pressure is about to start.
If the bears took control , the 1st target could be 11.70.
What you guys think of it?
#CADJPY Elliott wave analysishello dear traders and colleagues. Lets have a look at a very long term chart of CADJPY.
If we want to interpret the chart using Elliott wave principle we can see from the bottom that we have completed a 5 wave impulsive bullish move (corrective wave 4 is running flat formation) and then we can see a 5 wave bearish impulsive (which also labeled as wave A).
Now that the price reached the top unless we are witnessing a running flat we can expect that the bullish move as wave B is also reached its destination and from now we can wait for the wave C to be completed.
Initial target would be the previous low if we assume that this large corrective formation is regular flat.
For opening a position in case you want to use candle stick patterns you can wait for the weekly close and see if price formed evening star which seems possible.
Other than that you can always wait for price to penetrate the previous low or perhaps triggers can be found in lower time frame and following the lower time structure.
Also it should be noted that in case price close above last week high or close above resistance level this wave analysis is invalid.
Please let me know if you like this kind of long term analysis.
🔥 DXY INDEX bearish analysis) 1D tame Fram 🖼️) 🕐🕐hello traders what do you think about dxy index)?
guys dxy index. Breakdecline
Support level that a retest Rsl
105.000 breakdance to confirm selling pressure
down. Support level 104.300
Gold poised for first weekly drop in four before US jobs data
Dec 8, 202315:23 GMT+5
KEY POINTS:
Gold down 1.5%, silver loses over 6.6% this week
U.S. dollar on track to snap three straight weeks of losses
U.S. non-farm payrolls data due at 1330 GMT
Gold prices were flat on Friday, as markets looked forward to the crucial U.S. jobs data for more clues on the Federal Reserve's monetary policy decision, although a firmer dollar kept bullion on track for its first weekly fall in four.
Spot gold
GOLD
was steady at $2,027.39 per ounce by 0951 GMT. Bullion, however, has fallen nearly 1.5% for the week so far. U.S. gold futures
GOLD
were flat at $2,043.70.
Bullion scaled an all-time peak of $2,135.40 on Monday on elevated bets for a rate cut by the Fed, before dropping more than $100 on uncertainty over the cut's timing.
"Traders are expecting to get a clear idea on how the Fed is going to change their policy decisions in the coming meeting - so today's jobs data would be the primary key," said Hareesh V, head of commodity research at Geojit Financial Services.
"Major crash in gold is not the immediate trend because most of the parameters are favouring prices and the Fed policy would be the key trigger that can guide medium to long term direction of gold prices"
The U.S. non-farm payrolls report for November is due at 1330 GMT. It is expected to show that employers added 180,000 jobs last month. (USNFAR=ECI)
The dollar index
DXY
, meanwhile, was up 0.2% and set to snap a three-week losing streak, making gold more expensive for other currency holders.
Markets are pricing in a 60% chance of a U.S. rate cut as soon as March, CME's FedWatch Tool showed. Lower interest rates boost the appeal of holding gold.
Spot silver
XAGUSD1!
lost 0.2% to $23.73 per ounce, while platinum
PL1!
gained 1.3% to $918.84. Both were set for weekly declines.
"Palladium's long-term bear market looks set to continue, with prices likely to halve again over the next 2-3 years," Citi Research said in a note.
Palladium
XPDUSD1!
rose 0.6% to $975.81, but was set to log a second weekly loss.