Trading
Mister Car Wash $MCW about to SURGE! 160% Upside!NYSE:MCW - Mister Car Wash 🚗💦
No stock too small for the mighty H5 Setup! 💪✨
-Symmetrical Triangle Breakout & Retest
-H5 Indicator Flashing GREEN💚
-Creating Wr% consolidation box
Picked up 150 contracts at a steal! 🚀
Targets: 🎯 $9 🎯 $12.36 📏 $20.78
NFA #Trading
Investors predict the Fed will lower interest ratesAccording to a report by the World Gold Council (WGC), the People's Bank of China (PBOC) bought gold for reserves in November after a 6-month pause. China's gold reserves rose to 72.96 million ounces of pure gold at the end of November, up from 72.8 million ounces the previous month. In November, gold prices dropped sharply due to the sell-off after the US election results.
WGC said that central banks' demand for gold continues to be positive. The main motivation for buying gold is to diversify foreign exchange reserves and reduce dependence on the USD.
In the US, the market is looking towards an interest rate adjustment by the Federal Reserve (Fed). According to MT Newswires, strong labor market data reduces immediate pressure on the Fed to accelerate interest rate cuts.
🔥 XAUUSD SELL 2676 - 2678🔥
💵 TP1: 2650
💵 TP2: 2640
💵 TP3: OPEN
🚫 SL: 2686
🔥 XAUUSD BUY 2653 - 5651🔥
💵 TP1: 2665
💵 TP2: 2675
💵 TP3: OPEN
🚫 SL: 2646
EUR_CAD WILL KEEP GROWING|LONG|
✅EUR_CAD keeps growing
And the pair made a breakout
Of the key level of 1.4900
Which is now a support and
Then made a pullback, a retest
And a rebound so we are now
Bullish biased and we will be
Expecting a further bullish
Move upwards
LONG🚀
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Taiwan Semiconductor Manufacturing Company (TSM) AnalysisCompany Overview:
TSMC NYSE:TSM is the world's leading semiconductor foundry, driving innovation in advanced chip manufacturing for critical technologies like AI, 5G, and emerging tech markets.
Key Growth Catalysts:
Strategic U.S. Expansion 🇺🇸
Arizona Fab: TSMC’s first 12-inch wafer fab begins 4 nm chip production this month, solidifying its North American presence.
$40 Billion Investment: Demonstrates TSMC's long-term confidence in U.S. chip demand and geopolitical supply chain security.
Production of 3 nm chips by 2028 highlights TSMC’s roadmap for next-gen leadership.
Rising Global Chip Demand 📈
Surging demand from AI, 5G, and cloud computing is driving industry-wide growth.
Key Clients: Apple, Nvidia, and AMD rely heavily on TSMC’s advanced node production capabilities.
Technological Leadership 🚀
4 nm Mass Production (Q1 2025): Positions TSMC at the forefront of advanced node production.
Continued R&D investments strengthen TSMC’s competitive edge in next-gen chip technologies.
Investment Outlook:
Bullish Stance: We are bullish on TSM above $172.00-$174.00, underpinned by its global dominance, strategic U.S. investments, and demand for advanced nodes.
Upside Target: Our price target is $255.00-$260.00, reflecting robust revenue growth, margin expansion, and rising semiconductor demand in AI and 5G markets.
🔹 Taiwan Semiconductor—Powering the Future of Tech! #TSM #Semiconductors #AI #5G
USD-CHF Bearish Bias! Sell!
Hello,Traders!
USD-CHF made a retest of
The horizontal resistance
Level of 0.8809 and we are
Already seeing a bearish
Pullback so we are bearish
Biased and we will be
Expecting a further
Bearish move down
Sell!
Comment and subscribe to help us grow!
Check out other forecasts below too!
EURUSD Set To Fall! SELL!
My dear friends,
Please, find my technical outlook for EURUSD below:
The price is coiling around a solid key level - 1.0579
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 1.0536
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
GBPUSD Will Collapse! SELL!
My dear friends,
My technical analysis for GBPUSD is below:
The market is trading on 1.2770 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 1.2750
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
———————————
WISH YOU ALL LUCK
DJI Is Bearish! Sell!
Please, check our technical outlook for DJI.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 44,642.75.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 43,791.11 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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GOLD Is Very Bullish! Long!
Here is our detailed technical review for GOLD.
Time Frame: 6h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 2,655.297.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 2,683.685 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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CADJPY Is Going Up! Buy!
Take a look at our analysis for CADJPY.
Time Frame: 3h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 106.432.
The above observations make me that the market will inevitably achieve 107.126 level.
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.
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GBPJPY Will Fall! Short!
Please, check our technical outlook for GBPJPY.
Time Frame: 2h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 192.164.
Taking into consideration the structure & trend analysis, I believe that the market will reach 191.292 level soon.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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GOLD BEARS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
GOLD pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 15m 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 2,647.359 area.
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GBP/CHF BEARS ARE GAINING STRENGTH|SHORT
Hello, Friends!
GBP/CHF is making a bullish rebound on the 12H TF and is nearing the resistance line above while we are generally bearish biased on the pair due to our previous 1W candle analysis, thus making a trend-following short a good option for us with the target being the 1.116 level.
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GBP/JPY SELLERS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
The BB upper band is nearby so GBP-JPY is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 188.358.
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EUR/AUD SHORT FROM RESISTANCE
Hello, Friends!
EUR/AUD pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 2H timeframe the pair is going up too. 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 1.640 area.
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Gold prices fluctuate in a narrow rangeCurrently, gold prices are said to be "stuck" in a medium-term correction cycle, while the long-term price chart and macro fundamentals still support this safe-haven metal's price increase after the correction. Adjustment lasting 6 weeks ends.
According to Kitco's latest survey, with 12 Wall Street analysts suggesting that price fluctuations are unlikely in the short term, only 17% of experts believe that the price of this precious metal will decrease, while the proportion forecast increases and decreases. equal at 42%.
World gold prices have increased more than 27% this year, reaching a record high after the Fed loosened interest rates and geopolitical tensions escalated.
According to the assessment of head of foreign exchange Christopher Vecchio at Tastylive, the long-term outlook for gold is still positive. If it overcomes the resistance level of 2,725 USD/ounce, gold prices could experience a fierce increase.
🔥 OANDA:XAUUSD BUY 2636 2634🔥
💵 TP1: 2645
💵 TP2: 2655
💵 TP3: OPEN
🚫 SL: 2628
Mastering The Timing Of Trade Exits In Trading Most newbie traders tend to focus on the entry point of a trade, believing that as long as they initiate a position correctly, they can manage their way to a profit later. They often think, “It’s okay if I earn a little; I can always close the trade once the price moves in my favor.” Unfortunately, this mindset often leads to disappointing outcomes. Traders may find themselves either underwhelmed by their gains due to greed—thinking, “Just a little longer, and I’ll secure my profits”—or missing the exit altogether, resulting in a break-even scenario.
The situation becomes even trickier when prices move against the trader. Many cling to the hope of a miraculous turnaround, refusing to acknowledge their losses, and instead, they adjust their stop-loss orders, convinced that the market must eventually rebound. This often leads to further losses as they watch their deposits dwindle. To avoid these pitfalls, it's crucial to understand when to close a trade for maximum benefit, as explored in this post.
📍 Strategic Approaches to Closing Trades
Closing a trade effectively requires timing it neither too early nor too late. Premature exits can lead to missed opportunities for profit, while waiting too long can result in significant losses.
📍 When to Close Trades?
• Identifying Reversal Patterns: Recognizing patterns that indicate a reversal is essential. For instance, during an uptrend, buyers eventually taper off because prices become too high. Those who bought at the onset may begin selling, and if a pinbar forms followed by a bearish engulfing model, this is a clear signal to close before a downturn.
• Combining Signals from Indicators: Utilize multiple indicators to gauge the market trend. If trend indicators show a downturn and oscillators indicate overbought conditions, it may be time to close a long position. Patterns and signals should work in concert for the best results.
• Following Risk Management Strategies: Tailor your exit strategy to your risk management plan. Strategies could include setting a take-profit level at 50-60% of daily volatility or maintaining a risk-to-reward ratio of 1:3.
• Using Risk Management Calculations: This involves observing the pip value and the 1.0-2.0% rule. For example, if your account has a balance of $1,000, limit your loss on any trade to $100 based on the volume of the trade. Accordingly, your take profit should be 2%-3% or more.
• Monitoring Candlestick Patterns: A shift in the strength of candlestick bodies can indicate a forthcoming reversal. If you see a consistent decline in candlestick sizes during a price breakout, this can be a cue for an imminent trend shift.
• Paying Attention to Key Levels: Many traders place pending orders around key support and resistance levels. Understanding that price may not reach these levels can inform your take-profit and stop-loss placement.
• Before Major News Releases: Anticipate how significant news might impact the market. Though there may be statistical predictions, volatility can be unpredictable. Closing trades in advance can help manage unexpected market movements.
• At the End of Trading Cycles: Prior to weekends or before the day ends, consider closing positions. This is crucial as weekend events can dramatically shift prices, and exposure over multiple days can incur costs, akin to interest on leverage.
• Rebalancing Investments: In the stock market, periodically analyze portfolio performance, selling off underperforming assets to maintain profitability. This concept can also apply to trading, helping to recalibrate your positions for better outcomes.
📍 Conclusion
Understanding the timing of closing trades is critical for any trader. By applying these strategies and learning from past experience, you can better navigate the complexities of trading and improve your overall profitability.
Traders, If you liked this educational post🎓, give it a boost 🚀 and drop a comment 📣
USOUSD (OIL), key support remains in play Thanks for checking our latest update. Today we are looking at oil on its daily chart.
The key questions we are asking today from a technical perspective are: Will we see key support continue to hold, and will the rough looking ending diagonal pattern confirm, setting off a new rally? Or could sellers finally break the discussed key support area, setting off a new leg lower?
Key support: $67 - $66.50.
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.
GBPCAD Analysis - Bearish - Trade 06GBPCAD Analysis Overview
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1. Seasonality
GBP: Seasonality indicates a **sell** signal for GBP in the first week of December.
CAD: Seasonality suggests a **strong buy** signal for CAD.
Seasonality Bias: Sell GBPCAD
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2. COT Report
GBP:
COT RSI: 52 weeks at 30%, 26 and 13 weeks at bottom.
COT Index: 3-year at 50%, 1-year at 30%, indicating weak positioning for GBP.
Net Non-Commercial: Decreasing, showing a bearish sentiment.
CAD:
COT RSI: 52, 26, and 13 weeks at 20% and increasing, showing bullish momentum.
COT Index: 3-year and 1-year at 20% and increasing, aligning with a buy sentiment.
Net Non-Commercial: Increasing, with a positive bias.
COT Bias: Sell GBPCAD.
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3. Fundamental Analysis
Leading Economic Indicators:
GBP: Decreasing, signaling economic weakness.
CAD: Increasing, pointing to economic strength.
Endogenous Factors:
GBP: Decreasing, aligning with a sell sentiment.
CAD: Increasing, further supporting a buy stance.
Exogenous Factors:
GBPCAD exogenous signal indicates a buy CAD, sell GBP sentiment.
Fundamental Bias: Sell GBPCAD.
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4. Technical Analysis
RSI Divergence: Bearish divergence identified, indicating potential downside movement.
Breakout Indicator: A red arrow confirms bearish momentum on key breakout levels.
Resistance Zone: Price is currently at a strong resistance zone, showing rejection patterns.
Technical Bias: Sell GBPCAD.
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Final Bias: Sell GBPCAD
The alignment across seasonality, COT data, fundamental indicators, and technical analysis strongly supports a sell setup for GBPCAD.