GBPJPY Down? - (Update)GBPJPY . Potential short opportunity.
This is an update on the previous analysis we have posted.
We have been waiting on the break of our 192.000 level since our yesterday’s analysis.
We believe that GBPJPY will continue to the downside after coming down to our PBA 2 (Pull Back Area) and breaking it (192.000). Our entry is sitting at the break at 192.000 . Breaking our PBA 1 at 190.000 would be confirming our sells and possible lower lows. Our SL (Stop Loss) is sitting slightly above PBA 2 at 193.590 . Our TP (Take Profit) is at 188.055 .
PARAMETERS
- Entry: 192.000
- SL: 193.590
- TP: 188.055
KEY NOTES
- GBPJPY has broken below our PBA 2.
- Break below 190.000 would confirm our sells
- Break above our SL would result in higher highs and invalidate the trade idea.
Happy trading!
FxPocket
Singals
BTC LONG 📊📊📊📊📊
✉️ Pair: BTCUSDT
📈 Direction: Long
💯 Leverage: Isolated 10x - 20x
📊 Entry: $59,800 ✅
✅ Take-Profit:
Target 1: $62,000
Target 2: $64,000
Target 3: $66,000
⛔️ Stop Loss: $56,700
🏦 Amount: 1% of capital
Analysis: Bitcoin has shown solid recovery and is currently trading above $60,000. The previous resistance has turned into support, indicating a potential for further upward movement. Given the current market conditions, a long position at $59,800 could be favorable.
Strategy: Enter at $59,800 and set take-profit levels at $62,000, $64,000, and $66,000. Place the stop loss at $56,700 to manage risk.
Risk Management: Use 1% of your capital for this trade and adjust leverage according to your risk tolerance. Monitor price movements and adjust your position as needed.
Happy trading! 🚀 AND DON`T FORGE TO BOOST US :D
NIO (NIO): High Risk, High Reward - do-or-die!NIO, a stock we've previously analyzed and profited from, remains highly volatile and is currently trending downwards. From its all-time high of approximately $67, it has plummeted to $5.21. This drastic decline occurred over just a bit more than three years, which is relatively short in the stock market.
Several factors contribute to this volatility. Firstly, the automotive sector is inherently volatile. Additionally, the electric vehicle (EV) segment has faced political challenges over the past few years. NIO, being a Chinese company, has also been affected by EU subsidies for electric vehicles, adding to the stock's difficulties.
Despite these challenges, we consider NIO a compelling investment from both a fundamental and technical perspective. Currently, NIO is holding the High-Volume-Node Point-of-Control on the New York Stock Exchange, suggesting that a bottom may be forming. This level is critical to watch as it could indicate potential stabilization and a reversal point for the stock.
Short-Term Analysis
Examining the 4-hour chart for NIO, we observe a low-volume node between $6.32 and $7. Whenever the price entered this zone, it quickly moved through it, indicating the nearest possible resistance levels. Thus, the levels of $6.32 and $7.04 are particularly interesting.
Around $4.12, the Point-of-Control on the 3-day chart holds, but we could see a further decline towards the $3 mark. We are considering multiple entry points, employing a dollar-cost averaging strategy down towards the all-time low of $1.19.
Strategy
For NIO, this seems like a do-or-die situation. The potential upside is significant, with gains of nearly 400% if the price moves from $3 to Wave 4. We plan to place multiple entries and dollar-cost average downwards.
However, if the price falls below $1.20, it would become unsustainable for NIO. While the potential upside is vast, it's important to recognize the risk of the stock continuing to decline towards zero.
Given the current volatility, we find an entry before $3 too risky and volatile, so we are holding off on investment until the price stabilizes at more attractive levels.
Gold fell sharply due to the rising USDWorld gold fees today (May 24) retain to look sturdy promoting stress as buyers take earnings and US exertions marketplace facts is higher than expected.
World gold fees today (May 24) retain to look sturdy promoting stress as buyers take earnings and US exertions marketplace facts is higher than expected.
Markets are listening to the United States exertions marketplace - which stays an essential element influencing the United States Federal Reserve`s (Fed) economic coverage. Economists observe that a tightening exertions marketplace will push salary inflation higher, so that it will boom customer fees overall.
Minutes of the brand new coverage assembly of the United States Federal Reserve (Fed) display that policymakers nevertheless doubt whether or not contemporary hobby prices are excessive sufficient to tame inflation.
GOLD - XAUUSD 4H Long term BUY!Hello Everyone,
Welcome to FXMYWORLD.
Let's see how this pair will perform based on the analysis.
Make sure you do your research and based on your confluence please look for the entry.
Don't rush your trades without any confirmation.
Thanks in advance for checking my trade idea.
SILVER Will Go Down! Sell!
Hello,Traders!
SILVER was trading in an
Uptrend but now we are
Seeing a bearish breakout
Of the key horizontal level
Of 24.8 and the breakout is
Confirmed so we are bearish
Biased and after the likely
Pullback and retest we
Will see a move down
Sell!
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GOLD BUY AND SELL SETUPSIn this chart I went ahead and marked up some setups for buys and sells on Gold. Visit my profile and click on my profile for full video explanation.
Make sure you guys wait for confirmation before entering the trade. Just because it got to our POI point of interest does not mean we enter right away.
Lingrid | GOLD weekly OUTLOOKThis week the price of gold reached its highest level since April near 1,955 after a relatively quiet start to the week, but it then had a significant reversal toward the end of the week and closed below the main resistance at 1,900 for the first time in three weeks. After the US data releases the gold made nosedive and next week I think the market will consolidate after reaching that area between 1900 - 1850. The next levels to watch might be 1900 and if price rolls back to it will be nice zone to take a short trade.
On the weekly timeframe PRICE action formed bearish outside bar. The price broke 2 week candle's lows that gives a bearish signal.
Let me remind you of my previous forecast from last week.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
XAUUSD - GOLD CURRENT SITUATION#XAUUSD
According to the analysis we gave to XAUUSS earlier, GOLD went up very fast by BREAKING the TREND LINE, due to which US10Y went down.
We have some very important NEWS coming to USD this week. Among them, CPI DATA and FOMC MEETING are scheduled to be held today for USD. Be sure to keep an eye on it. So we have to wait a bit until we get them.
Anyway, with US10Y DOWN, GOLD is going up a bit now. Anyway, we expect GOLD to go down to 1605 LEVEL. Before that, GOLD can definitely go up to 1701 LEVEL. Be careful..
XRPUSD ❕ trading in rangeXRP is moving in the liquidity zone and the price has recently reached the lower boundary.
The asset has successfully formed a bullish takeover and its confirmation (1H TF)
TD Sequential has formed an up reversal signal (1H TF)
I believe that if XRP can consolidate above the current resistance level, the price can continue to rise in the range. Further movement depends on the reaction to the upper limit of the range.
Honeywell International (HON) LONGEver since price surged past the all time high this will be the first time price returns to our anticipated Demand area, What makes this zone charming its the imbalance it created which lead to the break of all time high and other factors and it's creation of the Demand zone which we anticipate they'll be more buying orders sitting there for the continuation of this uptrend
EURUSD 4H, sell price is at a significant resistance area EURUSD 4H, sell price is at a significant resistance area. Price is lower than ema. It is an opportunity to take orders and the rsi is likely to decline.
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Good luck