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#BOME is ready to boom! 🚀Trading Pair: BOME/USDT Trade Type: Midterm Current coin Status: The coin has broken out of a flag pattern and is currently retesting it. Entry Point: The current market price (CMP) is a good entry point, and you can add more up to $1.43. Profit Targets: The profit targets for this trade are between 40% to 80%. Stop Loss: The recommended stop loss is at $1.34. Recommended Leverage: A leverage of 5X to 10X is recommended. Estimated Profit: The estimated profit for this trade is around 80%.
Long
by CRYPTOMOJO_TA
6
EUR/USD: A special Place in the Market Good day fellow traders, EUR/USD is in a very special place, we over the last 259 day have made a triangle on the weekly chart an currently sit on the APEX of a breakout favoring a strong dollar. One must wait for confirmation of a break out below the lower level of the triangle. The target for a move would be October 4th, 2023 low. There is potential for a reversal here, a tag of the upper level of the triangle would confirm this. For those who are unfamiliar with triangle and the trading rules that govern them. Let me make it simple or put it in term of ThePipAssassin! Triangle Trading Rules are as follows: 1.) Must be contained in a range, that is getting smaller on each leg. (Squeezing) 2.) Must have only 5 touches of Support and Resistance for trend continuation. 3.) 6 touch and/or legs and we are going to breakout in that direction forming a triangle reversal.....
by ThePipAssassin
5
Analysis for DogecoinThrough meticulous observation and data analysis, we have unearthed compelling patterns that shed light on how the Dogecoin market may react in the coming weeks. Our findings suggest a potential upsurge in Dogecoin's value, indicating the emergence of another bullish trend. By examining historical data and current market conditions, we have identified key indicators signaling a significant increase in trading volume. This surge in volume could serve as a catalyst, propelling Dogecoin to new heights. Moreover, our research extends beyond mere speculation. We are actively strategizing optimal positions for both bids and asks, aiming to maximize profits while minimizing risks. By strategically placing bids and asks, we aim to capitalize on the anticipated bullish momentum, ensuring that profits are not only realized but also reinvested intelligently. Central to our approach is the identification of robust support levels, providing a solid foundation for our trading strategy. We meticulously analyze support spots to ensure that investments are safeguarded against potential market fluctuations. In a recent article, it's been revealed that Coinbase Derivatives will soon introduce regulated futures for Dogecoin, Litecoin, and Bitcoin Cash. These futures, overseen by BaFin, will closely track Dogecoin's price on Coinbase, providing transparent trading opportunities. Each contract represents 5,000 DOGE, with a maximum position limit of 20,000 DOG futures. Dogecoin, currently trading at $0.15, saw a significant surge in 2021, largely fueled by celebrity endorsements. With Coinbase's dedication to innovation, investors now have a chance to leverage Dogecoin's potential through regulated futures trading, offering a pathway to diversify their investment portfolios.
COINBASE:DOGEUSDLong
by BRyAN8800
100% TRADERS START WITH DREAM TO GET RICH QUICKHey guys! Do you agree with me?! It's easy to become charmed by the prospect of making rapid money in the financial markets, yet trading makes almost no one rich – in fact, many individuals lose money* If you like my graphics, please use Like button 💙💛 * 90% of traders losing money, only 10% get profits. Why? Here is 3 reasons: 1) Most traders Enter A Trade Too Early 2) Most traders Exit Too Late 3) Most traders Don’t Follow a Risk Management Here is list my tips to help you to get in profit:
BITFINEX:BTCUSDEducation
by ArShevelev
15
Volkswagen: Assessing Momentum and Potential Opportunities Title: Volkswagen: Assessing Momentum and Potential Opportunities Analysis: Hello Traders, Volkswagen presents an intriguing opportunity as we assess its current momentum and potential for further gains. XETR:VOW3 Volume and Momentum Analysis: Volume trends suggest increasing market activity and growing confidence in Volkswagen 's price movement. This surge in volume aligns well with the ongoing upward momentum, indicating a potential continuation of the uptrend. Technical Analysis: The price action favours upward movement, with Volkswagen exhibiting strength in its bullish trend. Technical indicators support the notion of further gains, providing a positive outlook for traders. Conclusion: Given the supportive volume and technical signals, traders may find opportunities to capitalize on the upward momentum in Volkswagen . However, it's essential to remain vigilant and implement risk management strategies to navigate potential market fluctuations. Don't Forget to Engage: Please LIKE 👍, FOLLOW ✅, SHARE 🙌, and COMMENT ✍ if you found this idea insightful! Your engagement contributes to the community's knowledge and helps broaden the reach of valuable insights. Trading based on this analysis carries inherent risks. Conduct your own research and consult with a financial advisor before making any investment decisions. Happy trading!
XETR:VOWLong
by MarxBabu
GBPJPY SELL | Day Trading AnalysisHello Traders, here is the full analysis. Watch strong action at the current levels for SELL . GOOD LUCK! Great SELL opportunity GBPJPY I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
Short
by TheGrove
1
EURUSD|Weekly road map and important areasHello friends, I hope you are doing well. Continuing the previous analysis of EURUSD, so far as we expected, it weakened and managed to break the 4-hour support area downwards. ​ The next demand area is around (1.078-1.08) , the areas that we can consider to enter selling positions, the first was the support area that was broken, now it is preventing the price from rising as resistance. The next supply area is the range (1.093-1.095) , and when the price reaches these areas, you can enter selling positions by getting confirmation. In the future, if I identify a situation, I will let you know in the updates. My target for the EURUSD price is the support level of 1.078
Long
by Golden_Star1994
1
GBPCAD Sell Trade Idea , GBPCAD Short trade idea. GBPCAD Sell Trade Idea The major resistance point of 1.71000 has already been tested by the market, and we will now see clear changes in case we find some price rejections over their major point of 1.7100-1.7123. Trade Setup Idea: GBPCAD Selling Zone: 1.7100-1.7123 Stop Loss: 1.71311 Take Profit1: 1.7068 Take Profit2: 1.7050 Take Profit3: 1.7020 Take Profit4: 1.6990 Note: Please follow the money management plan and risk-reward ratio. Must follow the price rejections and price movements of the pound index.
Short
by Bloom_Forex_Official
1
RECOGNISING CHART FORMATION 🧠Hello Traders! In this post, I want to present how important is to recognize chart formation, set up correctly resistance levels, and find a good position to execute the trade. For better practice, I will recommend analyzing the history of any chart and trying to search for resistance levels, order blocks, and breakout points, and anticipate a good position for trade execution. This exercise will help us to have better visibility of the chart and will help us to anticipate future movements. Keep in touch! Follow me for more trade ideas and perspectives! www.tradingview.com
by GoodTradeST
2
🔥 GPBUSD BEARISH ANALYSIS 🎯🔥✅Hello traders what do you think about Gpbusd)? traders 1h tame frame see a bearish pattern channels breakout. rsl retet 1.26393 Down 👇 support levels ✅ 1.25222 now waiting. Same time Dollar steady as traders weigh labour data; yuan eases Dec 6, 202311:22 GMT+5 The dollar was near a two-week high against a basket of currencies on Wednesday as investors assessed U.S. economic data that showed a cooling labour market, while wagering the Federal Reserve will cut rates next year. The spotlight in Asia was on China, where the yuan extended losses as markets grappled with rating agency Moody's cut to the Asian giant's credit outlook. The dollar index DXY , which measures the U.S. currency against six rivals, was 0.029% lower at 103.93, having climbed 0.3% overnight. The index is up 0.5% this month, after sliding 3% in November, its steepest monthly decline in a year. Data on Tuesday showed U.S. job openings fell to more than a 2-1/2-year low in October, the strongest sign yet that higher interest rates were dampening demand for workers. Data also showed there were 1.34 vacancies for every unemployed person in October, the lowest since August 2021. Moh Siong Sim, currency strategist at Bank of Singapore, said the data indicated that the cooling of the labour market is on track. "It puts a lot of focus now on the non farm payrolls this Friday." The November jobs data will provide further clues on the labour market ahead of the Fed's policy meeting next week Fed officials are now in a blackout period ahead of the U.S. central bank’s Dec. 12-13 meeting, where a key focus will be the updated projections of where they see rates at in 2024. Dollar steady as traders weigh labour data; yuan eases Dec 6, 202311:22 GMT+5 The dollar was near a two-week high against a basket of currencies on Wednesday as investors assessed U.S. economic data that showed a cooling labour market, while wagering the Federal Reserve will cut rates next year. The spotlight in Asia was on China, where the yuan extended losses as markets grappled with rating agency Moody's cut to the Asian giant's credit outlook. The dollar index DXY , which measures the U.S. currency against six rivals, was 0.029% lower at 103.93, having climbed 0.3% overnight. The index is up 0.5% this month, after sliding 3% in November, its steepest monthly decline in a year. Data on Tuesday showed U.S. job openings fell to more than a 2-1/2-year low in October, the strongest sign yet that higher interest rates were dampening demand for workers. Data also showed there were 1.34 vacancies for every unemployed person in October, the lowest since August 2021. Moh Siong Sim, currency strategist at Bank of Singapore, said the data indicated that the cooling of the labour market is on track. "It puts a lot of focus now on the non farm payrolls this Friday." The November jobs data will provide further clues on the labour market ahead of the Fed's policy meeting next week Fed officials are now in a blackout period ahead of the U.S. central bank’s Dec. 12-13 meeting, where a key focus will be the updated projections of where they see rates at in 2024. Traders have priced in 99.7% chance of the Fed standing pat next week but a 56% chance of the central bank cutting rates in March, according to CME's FedWatch tool. They have also priced in at least 125 basis points worth of cuts next year. (FEDWATCH) Mitra said there could be a snapback should the Fed drive home the message more forcefully that it is not about to cut rates anytime soon.
Short
by SMC-Trading-Point
GBPUSDAfter yesterday's impulsive movement, the price, without touching the PDH, started moving in a short direction on the lower timeframe. On the chat, I noted liquidity work (covering imbalances, working with fractals). It's important to note that the context on the hourly timeframe remained unchanged despite the emergence of short movement. Tomorrow, I am ready to work in both directions—both short and long—since an sufficient number of imbalances has not been covered yet. However, there are also higher targets, such as equal highs and the absence of work with PDH. On the second chart, I provided an example of the current price movement from a higher timeframe to a lower one, as traders often make the mistake of incorrectly identifying the context
by yes_pls_max
Tesla entered the Golden ZoneTesla is ready for another leg up: - NASDAQ:TSLA Technical Reasons: Tesla has entered the golden zone - between the 0.5 and 0.18 Fib retracement Money Flow Divergence on the daily Commodity channel index divergence on the weekly Stochastic Momentum switch on the daily Already +- 5% off the lows which shows buyer are stepping in RSI is exiting oversold territory Fundamental Reasons: Tesla had a +- 35% correction after missing expectations - This has now been priced in Tesla Cyber Truck rollout commencing this quarter Growing EV penetration vs Ice vehicles Growing demand and margins in the energy storage side of the business Continued expansion of production capacity (Mexico factory has the go-ahead Continued investment and breakthroughs in real-world AI Overall robust financial performance and cashflows Obviously the potential for infinite returns due to Tesla's Optimum humanoid robot** Trade setup Pending a confirmed breakout Entry between $204 to $209 Take Profit 1 - $230 - which will start filling the gap Take Profit 2 - $242 - which will complete the gap fill Take Profit 3 - $267 - previous swing high Once TP1 hits - move stop-loss to break even for a risk free trade Good Luck
NASDAQ:TSLALong
by TraderMagz