AUDUSD SELL IDEAOANDA:AUDUSD
The weekly and daily timeframes are bearish meaning that my overall bias will be bearish. I will be looking for sells at the Daily resistance areas.
Retest
STMX/USDT: POTENTIAL BULL FLAG! 50% PROFIT POTENTIAL SETUP!!Hey everyone!
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STMX looks good here for a long. It is forming a bull flag-like structure. It breaks out from this bull flag and currently, retesting it. Long some here
Targets:- $0.0094/$0.0108$0.0129
SL:- $0.008
Lev:- Use low leverage (2x-4x)
TURBO/USDT: LONG TRADE SETUP!!Hey everyone!
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TURBO looks good here for a long. It breaks out from an descending triangle pattern and is currently retesting. Long some here and add more in the dip.
Entry range:- $0.0055-$0.0057
Targets:- $0.0062/$0.0068/$0.0073/$0.0078
SL:- $0.0052
Lev:- Use low leverage (Max 5x)
Uranium X ETF break out - BullishA descending wedge in an uptrend has led to textbook breakout with Uranium X ETF ($URA)
Could be a retest though at 20.50
Weekly chart has been used
AVAX/USDT: 70% PROFIT POTENTIAL TRADE SETUP!!Hey everyone!
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AVAX looks decent here. Breaking out from the falling wedge-like structure in the daily time frame and currently, retesting it. Also, holding 50MA support here very well. Buy some here and add more in the dip.
Entry range:- $27-$29
Targets:- $33/$38/$42/$48
SL:- $24.5
Lev:- 2x-4x
What are your thoughts on AVAX's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
DOGE: DO NOT MISS IT HERE!Hey everyone!
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DOGE looks good in the daily time frame. Breaks out from the bull flag-like pattern here and currently retesting the support trendline. Buy some here and add more in the dip.
Entry range:- $0.12-$0.13
Targets:- $0.173/$0.203/$0.274/$0.334
SL:- $0.1
What are your thoughts on DOGE's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
TURBO/USDT LOOKS READY FOR AN ATH!!Hey everyone!
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TURBO looks very good in the daily time frame. Breaking out from the descending triangle pattern and a retest is also done. Now, it looks ready for a big pump. Buy some here and add more in the dip.
Entry range:- $0.0036-$0.0042
Targets:- $0.00495/$0.0067/$0.0082/$0.0095
SL:- $0.0030
What are your thoughts on TURBO's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
#BTC: QUICK UPDATE!!Hey everyone!
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BTC is forming a bull flag-like pattern in 1hr time frame and it is holding an important trendline support so far. Currently, it is retesting the flag. If it maintains this retest level and bounces we can expect another upside movement up to the $68k level.
Target:- $68k
Invalidation:- 1hr close below the trendline.
What are your thoughts on BTC's current price action? Share your analysis in the comments below!
BOME/USDT LONG TRADE SETUP!!Hey everyone!
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BOME forming a descending channel pattern here. It has already broken out and is currently, retesting it. Long some here and add more in the dip.
Targets:- $0.0094/$0.0106/$0.0124
SL;- $0.079
Lev:- 3x-5x
What are your thoughts on BOME's current price action? Do you see a potential breakout? Share your analysis in the comments below!
BTC: RETESTING AFTER THE BREAKOUT!!Hey everyone!
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Welcome to this quick BTC update.
Bitcoin (BTC) is currently testing the support level of the symmetrical triangle it recently attempted to break out of.
Here's what we're watching:
Retest of Triangle: If BTC holds the support level of the triangle, it could indicate another attempt at a breakout.
$60k Resistance: A clean break and close above the GETTEX:59K -$60k resistance level would be a bullish signal, potentially leading to a price increase towards $62k.
Impact of CPI Data (Today):
The release of the Consumer Price Index (CPI) data today could influence market sentiment and potentially impact BTC's price.
Possible Scenarios:
A higher-than-expected CPI reading could indicate rising inflation and lead to a risk-off sentiment, potentially causing BTC's price to drop.
A lower-than-expected CPI reading could be seen as positive news, potentially boosting risk appetite and leading to a rise in BTC's price.
Looking Ahead:
The outcome of the retest and the CPI data release might favor bulls, and we might see a good pump up to the $62k level.
What are your thoughts on BTC's current price action? What are you watching from the CPI data? Share your analysis in the comments below!
GBP_CAD BULLISH BIAS|LONG|
✅GBP_CAD made a retest
Of the broken key level
Of 1.7440 which is now a
Support from where we are
Already seeing a bullish rebound
So we are locally bullish biased
And we will be expecting a
Further move up
LONG🚀
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SOL/USDT LONG SCALP SETUP!Hey everyone!
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SOL looks good here. Breaks out from the cup and handle pattern in 1hr time frame and is currently, retesting the neckline. Long some here and add more in the dip.
Entry range:- $142-$144
Targets:- $151/$158/$164/$168
SL:- $137.24
Lev:- Use low leverage (Max5x)
Meta Platforms - Flying under the radar...NASDAQ:META just rallied +500% without any correction and might create a top formation soon.
Sometimes the trading gods are sending us gifts from heaven. We received such a gift back in 2022 when Meta Platforms - out of nowhere - corrected -70% and perfectly retested the lower support of the reverse triangle formation. After the +500% rally from there, it is quite likely that we will see a short term retracement. But the overall trend is still clearly towards the upside!
Levels to watch: $530
Keep your long term vision,
Philip - BasicTrading
Alphabet - It is just a textbook company!NASDAQ:GOOGL has been one of the best performing stocks over the previous decade.
The most profitable stocks are the ones which trade under the radar. And Alphabet (Google) is definitely one of these stocks which is simply trending higher, providing textbook trading opportunities and not a "hype" stock. Slow and steady wins the race, but you have to be careful that you don't miss your chances. After a retest of the breakout level, you can enter a long trade.
Levels to watch: $150
Keep your long term vision,
Philip - BasicTrading
Did you buy HFCL?As published in the previous post,
HFCL did retest and is now trading at 12% higher than reco.
A safe zone to buy was 113 - 114.
I personally bought at 110.
TARGETS?
If you are a short term trader, looking for quick profit, consider closing partial quantity at CMP and rest at 127.
If you think you can hold it and you are fine with your capital invested here, your target is 140, 160, 220.
I will be holding, will buy on dips if it comes.
Happy Trading:)
DOT ANALYSIS🔮 #DOT Analysis - Breakout 🚀🚀
💲💲 There is a breakout of Falling Wedge Pattern in #DOT and trying to retests the level. It's a 12hr time frame breakout and we will see more higher price in long-term. A successful retest of support could propel a rally 📈📈
💸Current Price -- $6.058
📈Target Price -- $9.051
⁉️ What to do?
- We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸
#DOT #Cryptocurrency #Breakout #DYOR
VANRY/USDT: Watching Retest After Breakout - Time to ENTER?Heads up, crypto traders!
VANRY/USDT is making some interesting moves on the charts.
Here's the situation:
VANRY/USDT recently broke out of a falling wedge pattern, which can be a bullish technical indicator.
Currently, the price is retesting the upper trendline of the wedge.
We can expect a good upside move if the price holds this retest level.
Entry zone:- $0.124-$0.134
Targets:- $0.154/$0.168/$0.185/$0.198
SL:- 4hr candle close below $0.124
What are your thoughts on VANRY/USDT? Share your analysis in the comments below!
USDCHF: Recent Trendline Breakout, Temporarily BullishPrice has recently broken out of the (D) descending channel. It then pushed up to meet the (D) 50% Fib retracement level and proceeded to the downside to retest support. The price has now broken out of the (4H) downtrend line. I anticipate the price will retest and reject this level of support, and temporarily continue to the upside.
**Rationale:**
L1:
~ Break of channel (D)
L2:
~ Retest of support (D)
~ Impulse wave completion
L3:
~ Break of trendline (4H)
~ Retest of support
**Disclaimer:**
My trading ideas are market predictions and therefore should be viewed as such. As an intraday trader (scalper), I use my observations to identify potential trade opportunities on the higher time frames. I then aim to pinpoint key entry points on the lower time frames. Entries should always be verified by additional confirmations.
** Annotations:**
Categories:
1. Naming: (N1)
2. Labeling: (L1)
3. Forecasting: (F1)
Sub-categories:
1. Naming: (N1.1)
2. Labeling: (L1.1)
3. Forecasting: (F1.1)
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#scalping
#intraday
TRU ANALYSIS🔮 #TRU Analysis - Breakout 🚀🚀
💲💲 There is a breakout of Falling Wedge Pattern in #TRU. It's a 6hr time frame breakout and it's ready for a bullish move of around 50% in coming days
💸Current Price -- $99.34
📈Target Price -- $148.64
⁉️ What to do?
- We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸
#TRU #Cryptocurrency #Breakout #DYOR
Happiest Minds: Happy days are here again? 🤩Hello There, Welcome back! 👋
Here is all you need to know about Happiest Minds:
• The stock price has been range-bound in a downward Wedge pattern for over 14 months.
• An attempt to break the pattern resulted in a long upper-wick candle, suggesting sellers' presence.
• A subsequent inside candle gave a weak breakout, after which the price has been consolidating/retesting.
• The psychological level of 1000 has acted as a strong resistance.
• Despite crossing the 1000 level weekly for the past 3 weeks, the price has failed to close above it.
• A close and sustenance over the 1030 level would be absolutely necessary for it to continue its upward momentum
• The next immediate resistance seems to be around 1175.
• Another important thing to note is that it recently raised 500 Crs via QIP @ 924/Share. That is what triggered the 6% fall a day ago.
• Help us reach many like-minded investors like You! Would you give us a Boost for motivation?
• Investors included Troo Capital, Société Générale, BNP Paribas Arbitrage ODI, BofA Securities Europe SA -ODI and Morgan Stanley Asia (Singapore). Given that these are funds and not corporates, The sole motto seems to be capital appreciation which is a positive.
• The Indian IT sector too is approaching its critical resistance for the third time.
Which company should we analyze next? 👇
Thoughts or Questions? Let us know in the comments below.👇
⚠️Disclaimer: We are not registered advisors. The views expressed here are merely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. Like everybody else, we too can be wrong at times ✌🏻
EURCHF → A safe CHF could lead to a fall in the pairing OANDA:EURCHF is actively declining towards 0.9677 and is not ready to go up yet. Based on the general fundamental background, the currency pair may continue to fall towards 0.96 or 0.95
After a false breakdown of the range support, there is no strong reaction and the price returns to the level (retest). Fundamentally, CHF is stronger than EUR.
The reason for the strong fall of the currency pair is the strong Swiss franc, which is getting stronger on the background of growing risks of recession in Europe, because in this case the Swiss franc plays the role of a hedge asset. The situation is such that determines the medium-term potential. The currency pair may continue to decline after the breakout and consolidation of the price below 0.9677. In addition, the decrease in the ECB interest rate is also a favorable background
Resistance levels: 0.9738
Support levels: 0.9677
I expect that a retest of the support may lead to a breakout of the level, which will provoke a strong sell-off in the market.
Regards R. Linda!
SHIB ANALYSIS🔮 #SHIB Analysis 💰💰
🌟🚀 As we can see that there is a breakdown of descending triangle in #SHIB. There is a support level at $0.00001902, it will first retest its support level then after that we would see a reversal from support level . 🚀🚀
#SHIB #Cryptocurrency #DYOR
GBPUSD Retest before continuing to the downsideI anticipate price will retest (to at least) the recent ascending channel lower band breakout, before continuing to the downside.
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At Forexity: my trading ideas are market predictions and therefore should be viewed as such. As an intraday trader (scalper), I use my observations to identify potential trade opportunities on the higher time frames. I then aim to pinpoint key entry points on the lower time frames. Entries should always be verified by additional confirmations.
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#scalping
#intraday
#daytrading
