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CHFJPY Will Go Down! Sell! Here is our detailed technical review for CHFJPY. Time Frame: 1h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 172.362. Considering the today's price action, probabilities will be high to see a movement to 171.702. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
DAX Strong probability for a technical pull-back here.DAX (DE40) hit last week our 20000 Target, which we established 2 months ago (October 04, see chart below): That Target was near the top (Higher Highs trend-line) of the 1-year Channel Up that started on the week of the October 03 2022 bottom. As you can see, this pattern has topped both previous Bullish Waves on the 1.618 Fibonacci extension level and after a pull-back consolidation phase (red Arc), it started the Bearish Legs that bottomed and made Higher Lows on Support 1, which was the previous Resistance level. Having now already hit its 1.618 Fib ext, we expect DAX to pull-back a little and turn sideways as per the pattern, which we will short, targeting 19000 (Support 1). If however we see a 1W MA200 (blue trend-line) hit and immediate rebound and weekly closing above it, we will book our sell profit earlier. Notice also the high symmetry on those Legs, between their 1W CCI fractals. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:DE40Short
by TradingShot
BITCOIN This is why $250k is a Cycle Top candidateBitcoin (BTCUSD) is now cruising on the Bull Cycle's most aggressive phase, the Parabolic Rally. We got the final confirmation as it broke above and now established the 1st Standard Deviation from Above (grey trend-line) of the Mayer Multiple Bands (MMB) as the new Support. Having already broken above the previous All Time High (ATH) Resistance, every time BTC flipped the 1st SD into Support while above the ATH, it hit at least the 2nd SD (orange trend-line) before the Cycle Top was priced. This level is currently at $181700 but rising along with the trend What adds a more specific dynamic to the potential Cycle Top though, is that during Bitcoin's 11-year Higher Lows trend-line growth, it posted rallies of at least +1719% on each Cycle. As the Cycles progressed and due to the Law of Diminishing Returns, this rally started lower each time. This shows the great significance of this rally and as a result, on the current Cycle with can estimate from its very bottom (November 2022). This suggests that we can reach at least $250k before or around the time the 2nd SD is tested. In addition, all Cycles have topped after the 1M RSI makes contact with its historic Lower Highs trend-line. So what do you think? Is $250k a strong candidate for a Cycle Top? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
13
Alikze »» Link | Scenario wave 1 of 3 rising - 1D🔍 Technical analysis: Scenario wave 1 of 3 rising - 1D - It has been moving in a downward channel on the daily time frame. - Currently, with the failure of the descending channel, in the case of a pullback to the ceiling of the channel or the range of 12.50, it can have the target of 16 to 17 dollars in the first step. - This ascending wave is the previous wave. But in a longer-term perspective, wave 2 correction in the green box range has ended. - Therefore, this recent motivational wave, micro-waves, wave 1 out of 3 is rising. 💎 In addition, this increasing wave can continue to climb up to Fibo 1.272 and 1.618 if the supply zone is broken. ⚠️ Note: If the candlestick closes below the 12.50 zone, the bullish scenario is invalidated and can retest the green box zone. ⚠️ 💎 Currently, according to the momentum, the first scenario or the bullish scenario is more likely. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« BINANCE:LINKUSDT
Long
by alikze
Is EurUsd's correction over?In my previous posts about EUR/USD, I discussed the potential for an upside correction following the break below the 1.05 support level, the drop to 1.0330, and the subsequent reversal. I suggested that this upward movement could potentially push the price toward the 1.0670 resistance zone. Indeed, the pair did rise, reaching an intraday high of 1.0628 during Friday's NFP event. However, the day ended with a downside move, leaving a red candle with a long wick on the daily chart. The medium-term trend for EUR/USD remains bearish. This, combined with the overlapping structure from the recent low, clearly indicates that we are not witnessing the start of a bullish trend but rather a corrective phase. The key question now is whether this correction has concluded. To confirm, we would need to see a break back below the 1.05 level. With this in mind, if the pair revisits Friday's high, I plan to sell, placing a stop loss above 1.07 and targeting the 1.0450 support level.
by Mihai_Iacob
7
Lingrid | USDJPY Optimal ZONE to SHORT the MarketThe price perfectly fulfilled my previous idea. It hit the TP level. FX:USDJPY is currently pulling toward the resistance zone and appears to be forming an ABC pattern upward, indicating a complex pullback. Given that the overall trend is still bearish, I anticipate that the market may move down to retest the support level. The price previously consolidated above this zone before breaking through, highlighting its significance. Therefore, I expect the market to rebound from the resistance and then retest the middle of the range zone, where we might see further reactions as traders assess the potential for continuation or reversal. My goal is support zone around 150.235 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Short
by Lingrid
4
GbpAud- Long term outlookAfter a strong reversal from the 1.6 low, which gained 4,000 pips, GBP/AUD encountered significant resistance around the 2.0 zone. This resistance led to a prolonged consolidation phase lasting over a year. On the weekly chart, this consolidation appears to have formed an ascending triangle, a bullish continuation pattern. At this point, there is a high probability of a genuine breakout to the upside. If the breakout occurs and holds, we can anticipate a continuation of the uptrend, potentially adding another 2,000 pips to the pair's upward movement. Interim resistance lies near the 2.08 level, which could serve as a target for swing traders or a key area to monitor for price action.
Long
by Mihai_Iacob
Lingrid | SHIBUSDT long OPPORTUNITY in BULLISH Trending MarketsThe price perfectly fulfilled my last idea. It reached the target zone. BINANCE:SHIBUSDT has bounced off the channel border and is currently attempting to find support. Overall, the market is in a bullish trend, forming higher highs and higher lows. While it hasn't reached the higher resistance level established in the spring of this year, I believe the market will continue pushing toward that level. I expect a slight pullback toward the buying zone between 0.000020 and 0.000023 before a potential upward movement. This pullback could provide a better entry for those looking to capitalize on the bullish trend. My goal is resistance zonea round 0.000036 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Long
by Lingrid
9
Gold--> Is the Upswing Just Starting or Is a Pause Ahead?Hello, Amazing Friends of Brian! Let's Strategize for Today's Market! Gold continues to showcase its resilience today, with prices trending higher and currently hovering around the $2,700 mark, up 0.22% on the day. This movement reflects a growing appetite for the safe-haven metal amid mounting uncertainty in the Middle East and speculation about a potential rate cut by the Federal Reserve. These factors are providing robust support for gold in both the medium and long term. Yet, as the market digests these developments, the critical question arises: Can this bullish momentum sustain, or are we approaching a potential correction? Much of the answer hinges on the trajectory of the U.S. dollar, which remains a decisive force in gold’s price action. From a technical perspective, gold is fast approaching a significant resistance level at $2,720. A breakout above this mark could ignite further buying interest, paving the way for an extended rally. Conversely, failure to breach this level might trigger a short-term pullback. However, the overall bullish structure remains intact, as evidenced by the upward trendline on the 1-hour chart. Looking ahead, I anticipate gold to continue its upward journey, with any correction near resistance presenting a strategic buying opportunity. Key targets to watch include $2,750, $2,790, and $2,800, as highlighted on the 3-hour chart. Let’s seize these market opportunities together—wishing you all a profitable trading day!
OANDA:XAUUSDLong
by Trader-Briannnn
EURUSDThe EUR/USD pair continues to trade below the 34 and 89 EMA levels, signaling a short-term bearish trend. Despite attempts at consolidation in recent sessions, the pair remains under pressure, weighed down by a stronger U.S. dollar, geopolitical uncertainty, and diverging monetary policies between the Federal Reserve (Fed) and the European Central Bank (ECB). The U.S. dollar has extended its rally for the third consecutive day, with the Dollar Index (DXY) climbing past the 106.60 mark. This persistent strength has added significant downward pressure on EUR/USD, leaving the pair vulnerable to further declines as market dynamics unfold. From a technical perspective, traders should focus on two key resistance levels. These areas could provide optimal entry points for positioning, with the primary targets set at well-defined support zones. Monitoring price action around these levels will be crucial to aligning strategies with the prevailing market trend. Stay disciplined and vigilant as you navigate today’s trading opportunities. Wishing you success and profitable trades!
Short
by Trader-Briannnn
Gold-> Testing Resistance Levels: A Decline or a False Breakout?OANDA:XAUUSD currently consolidating within a descending channel, trading near $2,669. Technically, investors are caught in a dilemma, and the fundamental backdrop remains murky. So, what will happen next with the precious metal? The focus early in the week shifts to demand catalysts, with news of the People's Bank of China continuing its aggressive gold buying capturing attention. This, coupled with expectations of further monetary easing, creates a supportive foundation for gold prices. Traders are pricing in an 87% probability that the central bank will cut interest rates by another 25 basis points during its meeting on December 17-18. However, despite these factors, the path forward is far from clear. Theoretically, it remains uncertain whether prices can climb higher as they approach a strong resistance level and traders remain cautious ahead of key economic data like CPI and PPI, which could shift market sentiment. From a technical perspective, the market seems to lack a decisive trigger to escape its current consolidation phase. Personally, I foresee a high probability of a false breakout in the near term. However, if price action at the $2,677 resistance level and the upper boundary of the descending channel shows sufficient rejection, a decline could occur sooner than expected. In such a scenario, the downside target appears to be around $2,615. Share your thoughts, opinions, and questions—let’s discuss what’s happening with OANDA:XAUUSD :)
OANDA:XAUUSDShort
by Bentradegold
MRVL Marvell Technology Options Ahead of EarningsIf you haven`t bought the MRVL before the previous earnings: Now analyzing the options chain and the chart patterns of MRVL Marvell Technology prior to the earnings report this week, I would consider purchasing the 95usd strike price Calls with an expiration date of 2024-12-6, for a premium of approximately $3.70. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
NASDAQ:MRVLLong
by TopgOptions
2
BTC Bitcoin Bear Market If you haven`t bought BTC before the recent rally: Historically, Bitcoin has shown a tendency to retrace in December before starting a recovery around March. This pattern could repeat this season, with BTC facing selling pressure as year-end portfolio rebalancing and macro uncertainties weigh on the market. While a brief Santa Claus rally might provide temporary relief, the bearish trend is expected to dominate until March. By then, BTC could trade below $84K before regaining momentum, aligning with its historical recovery trend as market conditions stabilize in spring.
Short
by TopgOptions
Gold price clings to gain around $2,670/two-week topDear friends, let's explore the gold price after yesterday's big move! Gold prices rebounded near a two-week high and received support from a combination of factors. Geopolitical risks continue to favor the safe-haven XAU/USD amid the Fed's December rate cut. The current technical setup looks bullish and supports the outlook for further gains... This rally is expected to reach $2700, which is in line with the resistance channel limits.
OANDA:XAUUSDLong
by Trader-Briannnn
2
Gold- Towards target after confirmation?In yesterday's post, I highlighted the high probability of an upward breakout above the 2655–2660 resistance zone. As anticipated, XAU/USD successfully broke through this key level, confirming its importance. Following the breakout, the price reached a high near 2675 before undergoing a normal correction. This pullback was healthy for the trend, as it retested and confirmed the previously broken resistance zone (2655–2660) as new support. This successful retest reinforces the strength of the bullish momentum. Looking ahead, my outlook remains optimistic. I anticipate a new leg higher, with the price likely targeting the 2685 resistance zone. I will maintain my bullish stance as long as the 2660 area holds firm as support. My preferred strategy is to "buy the dips," taking advantage of pullbacks within the broader uptrend.
OANDA:XAUUSDLong
by Mihai_Iacob
2