Trade idea - GBPUSD Long1H
Corrective approach towards entry zone.
Market moving in descending channel towards entry zone. Bears getting tired.
-68 Fibonacci completion aligning with entry zone.
= Buy limit.
1% risk.
Supportandresistancezones
LINK - Perfect Bounce ZoneBeautiful Topping Pattern ->
-> Perfect EWT 5 Count Down ->
-> Topping Signal Inverted @ Bottom ->
-> Volume Reclamation Of Heavy Support ->
-> Bullish CPI + PPI Data ->
-> = Perfect Bounce Zone
Sell USDCAD Breakout PatternThe USD/CAD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours.
Key Points:
Sell Entry: Consider entering a short position around the current price of 1.3750, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 1.3708
2nd Support – 1.3670
Stop-Loss: To manage risk, place a stop-loss order above 1.3800. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Thank you.
Trade idea - EURCHF Long4H
Bullish impulse: indication .
Pattern within pattern: confirmation.
Inverse head & shoulders, Bullish fake out flag.
Clear support & resistance zone is there.
Corrective approach towards entry zone.
-68 Fib completion aligning with entry zone .
= Buy limit set.
1% risk.
Sell GBPCAD Channel BreakoutThe GBP/CAD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours.
Key Points:
Sell Entry: Consider entering a short position around the current price of 1.7518, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 1.7464
2nd Support – 1.7430
Stop-Loss: To manage risk, place a stop-loss order above 1.7565. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Thank you.
BTC to retest support at 67kAfter the completion of the 5th EW and then the immediate dump off of 72k resistance, I expect the pattern to continue and complete the final c off of 67k support. If it breaks this support I expect it to fall back down to the next support of 65k with a strong bounce
GBPAUD Long trade idea4H chart:
Bears seam to be weak.
Corrective approach towards entry zone.
= Buy limit set.
1% risk.
Buy CHFJPY Triangle BreakoutThe CHF/JPY pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours.
Possible Long Trade:
Entry: Consider Entering A Long Position Above The Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 175.24
Target Levels:
1st Resistance – 175.82
2nd Resistance – 176.10
Stop-Loss: To manage risk, place a stop-loss order below 174.50. This helps limit potential losses if the price falls back unexpectedly.
Opportunity Breakdown:
Triangle Breakout: Price action recently broke above a bullish triangle, a continuation pattern suggesting further upside potential.
Retest Confirmation: The price has retested the broken resistance line of the triangle and held, indicating strong buying pressure. This retest adds confidence to the breakout.
Ichimoku Cloud Support: The current price sits comfortably above the Ichimoku cloud, a technical indicator that often signals bullish momentum when the price is above the cloud.
Thank you.
HAMUSDTsee and watch :)
Hamster :) Looks like it's ready for something big... don't forget it's a hamster :)
Next Week's IWM, 21 Day Pivot Standard Deviation RangeLooks like the medium term bias is to the downside for small caps, as we see the weekly pivot (red solid line) fall below the monthly pivot (dark solid line) with AMEX:IWM closing below both.
Both deviation boxes represent two standard deviations above and below the a moving monthly pivot. We may see demand in the lower deviation range if we fall to start off the week.
A rally to start of the week will likely be met with resistance from our pivot points and a fresh downward move from the 21 day moving average.
Investors that want to take advantage of this medium term bias could short volatility in the short term (June/July) for IWM using AMEX:TZA but bet bigger on long volatility in the longer term (September/January2025).
Take any short term gains to the upside and hold onto your short thesis heading into the second half of the year, into 2025.
IMX Targets $1.89IMX has lost support and is now trading below the Value Area Low, signaling a selling imbalance. The next area of support (Demand Zone), sits at $1.89. With a nice reaction from that level, a solid bounce and follow.
Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade.
Every day the charts provide new information. You have to adjust or get REKT.
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This is not financial advice. This is for educational purposes only.
GBP/USD: 350 Pips Sell from Third Trend Line BounceGBP/USD is in the midst of a compelling sell-off following its third bounce off a critical descending trend line on the daily chart, reinforcing a strong bearish trend purely through price action. The pair has started its descent from the 1.2850 area and is expected to plummet 350 pips, targeting the 1.2500 level. This classic technical setup underscores the power of trend line resistance in dictating market direction. Jump into this move to capitalize on the ongoing momentum, aiming for significant gains as the price heads towards the key support zone!
MBLY manufactures autonomous driving components LONGMobileye Global Inc. (MBLY) operates in the Automotive - Original Equipment sector1. The company specializes in developing and deploying advanced driver assistance systems (ADAS) and autonomous driving technologies and solutions worldwide They offer a range of products, including safety features for real-time detection of road users, cloud-enhanced driver assist solutions, and self-driving systems for various road types
MBLY on a 180 minute chart shows up and down trending in the past 3-4 months. A support level
is identified in the $24-25 range. Price is currently rising above support with an increase in
relative volume similar to that of late February and Early March.
The Awesome oscillator is green and positive at this time.
The volume profile shows a low volume overhead demonstrating little volume resistance to an
overhead move higher.
I will take a long trade here seeking those targets in the upcoming 1-2 months.
I have identified targets of 41 and 45 based on pivots in 2023.
I will take a long trade here
Bulls and Bears zone for 06-06-2024S&P has been moving upwards this week and made a New ATH yesterday. Any test of yesterday's Close could provide some direction for today.
Level to watch: 5364 --- 5362
Sell USD/CHF Bearish PennantThe USD/CHF pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Bearish Pennant pattern. This suggests a shift in momentum towards the downside in the coming Hours.
Key Points:
Sell Entry: Consider entering a short position around the current price of 0.8915, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 0.8862
2nd Support – 0.8825
Stop-Loss: To manage risk, place a stop-loss order above 0.8970. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Thank you.
Euraud short at resistance h1Hi traders, Euraud rejected from a solid resistance level as marked, so a fall to the next support zone at 1.6330 is expected. Note proper money management!
Safe trading!
Buy GBP/USD Triangle Breakout The GBP/USD pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours.
Possible Long Trade:
Entry: Consider Entering A Long Position Above The Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 1.2796.
Target Levels:
1st Resistance – 1.2835
2nd Resistance – 1.2858
Stop-Loss: To manage risk, place a stop-loss order below 1.2750. This helps limit potential losses if the price falls back unexpectedly.
Opportunity Breakdown:
Triangle Breakout: Price action recently broke above a bullish triangle, a continuation pattern suggesting further upside potential.
Retest Confirmation: The price has retested the broken resistance line of the triangle and held, indicating strong buying pressure. This retest adds confidence to the breakout.
Ichimoku Cloud Support: The current price sits comfortably above the Ichimoku cloud, a technical indicator that often signals bullish momentum when the price is above the cloud.
Thank you.
Sell EURAUD Channel BreakoutThe EUR/AUD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours.
Key Points:
Sell Entry: Consider entering a short position around the current price of 1.6336, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 1.6282
2nd Support – 1.6242
Stop-Loss: To manage risk, place a stop-loss order above 1.6390. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Thank you.
USDJPY will continue bearish ?I see a bearish trend on USDJPY, marked by the price below the 200 EMA in black, and currently the price is entering the RBD Rally Base Drop supply area, I see the price will continue its decline, if you take 1: 2 from the SL plan, this is quite realistic. Happy Trading.
The risk of profit and loss is not our responsibility. This is not financial decision advice. Secure your account whit Stop Loss
Possible entries to a Liverpool LongThis seems like a great buying point, looking at all the technicals, it would be hard for price to keep pushing down. However, the moving averages do tend to work as resistance and support, so it could be possible for price to drop there. However, It's unlikely price will continue to move down by much. And if so, price is likely to keep on rising. As this company has proven to be a go-to store for Mexicans looking for presents during the holidays, special events, sports gear and many others. Despite big competitors, this brand has lasted the test of time.
