BITCOIN BEST PLACE TO SELL FROM|SHORT
Hello, Friends!
BITCOIN pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 2H timeframe the pair is going up. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 91,049 area.
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Trading
NZD/CHF BULLS ARE STRONG HERE|LONG
Hello, Friends!
We are targeting the 0.510 level area with our long trade on NZD/CHF which is based on the fact that the pair is oversold on the BB band scale and is also approaching a support line below thus going us a good entry option.
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GBP/CAD LONG FROM SUPPORT
Hello, Friends!
GBP/CAD is making a bearish pullback on the 12H TF and is nearing the support line below while we are generally bullish biased on the pair due to our previous 1W candle analysis, thus making a trend-following long a good option for us with the target being the 1.790 level.
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GBP/AUD BULLS WILL DOMINATE THE MARKET|LONG
Hello, Friends!
It makes sense for us to go long on GBP/AUD right now from the support line below with the target of 2.022 because of the confluence of the two strong factors which are the general uptrend on the previous 1W candle and the oversold situation on the lower TF determined by it’s proximity to the lower BB band.
✅LIKE AND COMMENT MY IDEAS✅
GBP/USD BEARS ARE STRONG HERE|SHORT
Hello, Friends!
It makes sense for us to go short on GBP/USD right now from the resistance line above with the target of 1.243 because of the confluence of the two strong factors which are the general downtrend on the previous 1W candle and the overbought situation on the lower TF determined by it’s proximity to the upper BB band.
✅LIKE AND COMMENT MY IDEAS✅
World gold prices increased despite the high USD.Gold prices hit a near four-week high on safe-haven demand amid financial market turmoil. Investors sought safety amid concerns about Britain's finances and President-elect Donald Trump's economic policies.
In Britain, concerns about the budget deficit sent the pound to its lowest in more than a year against the dollar, with 10-year government bond yields rising to 4.92% and the FTSE 250 index falling for a third straight day, raising concerns about the risk of global financial contagion.
Meanwhile, market attention turns to Friday's US nonfarm payrolls report, which is expected to show the number of new jobs in December fell to 160,000, compared with 227,000 in November.
🔥 XAUUSD SELL 2677 2679🔥
💵 TP1: 2665
💵 TP2: 2655
💵 TP3: OPEN
🚫 SL: 2687
US30 Update - Continuation building? Thanks for checking out our latest update. Today, we are looking at the US30 daily chart.
After some heavy selling to end 2024, have we started to find a new point of support? If we see further confirmation price-wise with a new break higher and a new higher low, this could line up with a continuation pattern.
We have run over a few scenarios price-wise that we are watching moving forward. The key to the continuation is a hold of 42,260 support.
Will Trump taking office on the 20th have any influence? We will wait and see, but a break of support and trendline could be a warning sellers have further to go.
Happy New Year, good trading from Eightcap.
NVTS TRADE UPDATE - Massive upside potential...STILL!NASDAQ:NVTS UPDATE 💾
The H5 Trade is still intact...for now. We are at an inflection point in the markets and although I believe we get a big bounce higher soon nothing is concrete.
If we do get a bounce and what I believe will be a blow off top in this bull market then this name base on the setup will do very well to start blasting through these profit targets.
- H5 indicator is green
- At volume shelf
- Higher low
- Already successfully retested falling wedge breakout area.
- Broke out of downtrend
-Volume gap to fill
-WCB is formed and thriving
When companies break out and successfully retest it is common for them to consolidate above the breakout area to create new support before continuing higher
Don't make buy/ sell decisions based solely off price action, have a strategy and follow it so you don't get burned up in the massive swings...especially on volatile stocks. This name has given me 70% gains off the initial breakout and after we loaded back up off the retest.
Not exiting this name unless my strategy indicates a correction or crash in the markets is upon us or my strategy tells me to exit this name (Red H5 Indicator/ Break of support on WCB).
NOT FINANCIAL ADVICE
USOUSD (Oil) Key support follow up.Thanks for checking our latest update, and happy new year to all. Today, we have followed up on our last oil update. You can see this update on the link below.
The main topic of the last update was a key support area. The area held, and we saw a new rally develop. Today, we have looked at that rally and asked if it's going to break the long-term downtrend or if we could see price contnue to remain rangebound.
We see short-term resistance at $74.75 and short-term support at $73.20.
As always, traders must remain vigilant and stay abreast of the latest updates from OPEC and geopolitical influences, as these factors can significantly impact the market.
Good trading from Eightcap.
Nightly $SPX / $SPY Predictions for 1.10.2024🔮 Nightly SP:SPX / AMEX:SPY Predictions for 1.10.2024
📅 Fri Jan 10
⏰ 8:30am
💰 Average Hourly Earnings m/m: 0.3% (prev: 0.4%)
👷 Non-Farm Employment Change: 164K (prev: 227K)
📉 Unemployment Rate: 4.2% (prev: 4.2%)
⏰ 10:00am
📊 Prelim UoM Consumer Sentiment: 74.0 (prev: 74.0)
📈 Prelim UoM Inflation Expectations: 2.8%
💡 Market Insights:
📈 GAP ABOVE HPZ:
The markets are very sensitive right now with the pause. I wouldn't bet that it holds this gap for long.
📊 OPEN WITHIN EEZ:
A little more upside, and then markets will need the weekend to digest.
📉 GAP BELOW HCZ:
Everyone will eat up this drop; definitely look to position bullish here.
#trading #stock #stockmarket #today #daytrading #swingtrading #charting #investing
BITCOIN BTC Machine Learning Approximation Strategy applied GOLDHey everyone. Here's a new trade idea potentially for Gold. I created a a new trading strategy script for Bitcoin, and I tuned the parameters for Gold. The original script is called the "BITCOIN BTC Machine Learning Approximation Strategy by NHBPROD." It implements a simplified Machine learning technique and then produces and output that can be used to buy and sell. The script is only for long trading. I'll attach a link: ( ) to the original strategy script. This is the strategy script, but I also have the indicator script which can be used to automate buy and sell signals directly to your phone, email, or your bot.
Anyway, applying the idea to Gold, and tuning the parameters gives me a pretty good backtest, AND it shows that Gold has just entered a buy zone on the daily chart.
On average according to the performance, the average trade profit is roughly 2%, so this could be a great time to buy Gold and expect a 2% gain.
Gold testing key resistance hereGold has been able to ignore the US dollar strength and rising bond yields until now. But since topping out in October, it has created a few lower highs, suggesting that the trend is no longer bullish as it was in the early parts of last year. The precious metal is now testing a bearish trend line derived from connecting the prior two highs. This trend line happens to cut through a key resistance zone between 2675 to 2685. What's more, the 61.8% Fibonacci retracement level against the December high comes in around this area, at 2671. All this makes it an ideal area for the sellers to potentially step in. Can we see a potential drop here? Or will the bulls prevail despite all these technical hurdles?
By Fawad Razaqzada, market analyst with FOREX.com
MOBILEYE DD - A COMPLETE UPDATE!It's been a tough two days with getting ZERO news at CES2025. Mobileye has reported news here every year for the past couple of events. Thus, no news was devastating while pouring colder water on the situation with Riskier names falling like a knife, the market overall condition being unclear, FUD setting in the markets, and people being scared of an NASDAQ:NVDA competitor. It was an avalanche of multiple criteria, all of which weren't the potential Honda deal I spoke about. Which I was wrong on and I'll admit that, but all I was doing was taking all data in front of me and created a thesis were I truly saw it happening, it didn't, oh well. My initial technical or fundamental investment thesis didn't include Honda anywhere in it when I started researching and investing in this company many months ago! I share IDEAS HERE, NOT FINANCIAL ADVICE! Only the fact that there was no deal announced at all. The CEO in a recent Bloomberg interview identified the reason the stock was falling but said:
"We are not ready with announcements, I think we'll have major announcements throughout the year but we're not ready yet" Amnon Shashua - Mobileye CEO
I don't see the NVDA news as a bad thing and people don't understand that they already had this sector of their business up and running. In which Hyunda just left them and are looking for a different supplier of AV technology. Also, Nvidia called this a multi-trillion-dollar market and validated everything I already knew. Which is this sector is going to be a massive investment opportunity. Mobileye is still Top 3 in Autonomous vehicle technology alongside Waymo and Tesla. NVDA is nowhere to be found in that conversation, and the same is to be said about AMZN, who also is in this space. It's the same thing when AMZN got into the pharma delivery market and everyone sold off HIMS to turn around and be right back in stock price in a few weeks.
These large companies do certain things really well, but they try to have their hands in too many cookie jars at once and don't invest the attention and necessary manpower to make them the best they could be or even competitive to smaller companies whose only business is in said sector!
This is 60% and investment for me and 40% trade. I'm in this for the most part, the long haul. I will only sell my 40% trade allocated position when we hit our profit targets or my strategy tells me to exit. Which leads us to the charts.
Weekly: (Chart Shown)
-H5 Indicator is still Green
-We are at a Volume shelf
-At the smoothing line (yellow) to the 9ema
-We have further support from the 25MA
-We have this DIP BUY BOX that I've called out in the past multiple time in which we've built up this area of support from all the back and forth and volume within this box.
-We had a one week red candle the like we've only seen a couple other times when things were a lot worse and unknown before earnings or when they lowered rev. guidance (THINGS ARE A LOT BETTER NOW THAN THEY WERE THEN! WE JUST DIDN'T GET NEWS YET! THATS IT!) Typically the week or weeks after we get these massive amount of sell volume we get a bounce back week or weeks.
-Finally, this name still to my knowledge pending new data has a 23% SHORT FLOAT and as such this trade of a short squeeze and parabolic move is very much still on the table!
Daily Chart:
-At the same big S?R zone
-Same large volume shelf
-In my eyes taking a breather and collecting/ rallying the troops before another run at $23
-Most importantly, when we smashed into the red barrier of the Williams percentage range (Wr%) and the 50MA on the daily and 100MA on the weekly, we rejected hard. Do we get the same bounce move when we are running into the Wr% GREEN bounce support beam? While also being extremely oversold on timeframes under the daily timeframe. Finally, being right at the volume shelf, 50MA that already did a bullish cross of the 100MA!
- We are still in an uptrend!
The fundamentals haven't changed, and based on my investing spreadsheet, which is mostly a DCF model, it's still a $30+ stock!
- Headwinds are still becoming tailwinds (Falling interest rates/ inflation, China recovering, Auto market recovering)
NOTHING HAS CHANGED BUT THE PRICE OF A STOCK TICKER!
The haters can honestly kick rocks until they realize they are in control of their own financial decisions and can THEN come back, understand this game and learn! Some said I owed them an update, which I laughed at as I DON'T OWN YOU ANYTHING! The ideas I post here are FREE, and I'm paying to be on this service, just as some of you are! Some of you really need to look in the mirror and self-reflect. I'll still help you, too, friend; I don't like to hold hate in my heart for anyone; it's unhealthy!
I'll never let the haters win or get me down! I will continue to do me with this stock and post my ideas for all of the people out there that have learned and appreciate my work! Too many great people out there that truly want to learn and become better and I will help them do that EVERY STEP OF THE WAY!
So, here is my DD Mobileye Technical and Fundamental update for all my amazing followers who aren't TOXIC! I LOVE YOU!
AS ALWAYS, NOT FINANCIAL ADVICE!
AUDJPY Buyers In Panic! SELL!
My dear friends,
AUDJPY looks like it will make a good move, and here are the details:
The market is trading on 98.841 pivot level.
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 98.129
Recommended Stop Loss - 99.245
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
EURCHF The Target Is DOWN! SELL!
My dear followers,
I analysed this chart on EURCHF and concluded the following:
The market is trading on 0.9427 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 0.9384
Safe Stop Loss - 0.9455
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK
GOLD Set To Fall! SELL!
My dear subscribers,
GOLD looks like it will make a good move, and here are the details:
The market is trading on 2673.9 pivot level.
Bias - Bearish
My Stop Loss - 2693.3
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 2643.0
About Used Indicators:
The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
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WISH YOU ALL LUCK