GBPJPY Continued To Range. What's Next?Last week we didn't get much movement from GJ. Price continued to range so my initial bias is going to be neutral starting this week. Price is currently at a QP 195 so GJ still has my attention.
Key Res around 195.98
Key Sup around 189.59
I will try to update as we get more development...
Trend Analysis
Nike - Catch this reversal!NYSE:NKE continues its overall uptrend despite the recent drop of -60% to the downside.
All you need in order to catch the reversal of the decade is simply one line: a support trendline. Nike is currently approaching a support trendline, which has been sending prices higher for the past 30 years. Just this fact alone makes me believe that we will see (much) higher prices on Nike over the next couple of weeks and months, but we still need bullish confirmation first!
Levels to watch: $70
Keep your long term vision,
Philip - BasicTrading
Dogecoin - This Leads To Two Digits!Dogecoin ( CRYPTO:DOGEUSD ) will hit two digits soon:
Click chart above to see the detailed analysis👆🏻
It is the third time that Dogecoin is creating the same pattern. A couple of months ago Dogecoin broke out of a symmetrical triangle pattern and is now retesting previous horizontal structure. After we see bullish confirmation on the smaller timeframes, the next parabolic rally will start.
Levels to watch: $0,12
Keep your long term vision,
Philip (BasicTrading)
XAUUSDXAUUSD,gold came to 2684-2686 all-time high and respected it , but line chart flose of 3hrs candle shows a break and a retest which could send price tanking at 2677-2678 level. on technical and from structure we have many sell other at 2686 level, so correction could knock off some daily gain and push selling to our demand floor.
GOLD is bullish on demand floor meaning it can trigger buy at any given demand level.
but if buying gets extreme it could spike into 2700-2714.
a more extreme buy will be in 2730 and above where we have our supply roof that complete impulse leg.
Review and plan for 17th October 2024 Nifty future and banknifty future analysis and intraday plan in kannada.
Positional trading ideas included.
This video is for information/education purpose only. you are 100% responsible for any actions you take by reading/viewing this post.
please consult your financial advisor before taking any action.
----Vinaykumar hiremath, CMT
SPY/QQQ Plan Your Trade: 10-16 UpdateLearn to watch for signs of major market contagion by watching key sectors.
In my opinion, the biggest sectors: Like Transportation, Financials, Gold, and Crude Oil, will lead any major market collapse - often by 7-10+ days.
This videos highlights what I believe most traders need to watch in terms of understanding when/where opportunities are for long trades while attempting to gauge risks related to any type of broad market collapse event.
Spend some time looking over this custom Crash Index and let me know if you see any correlations related to when the SPY/QQQ move more than 7-8% downward in any sudden price moves...
(XLF+IYT+GDX+XOP)/4
Get Some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
Dxy gold silver Weimar Republic 10 16 24. here the dxy may be coming to sellers and this is where I would expect a reversal. the dxy and the metals have been going higher which is not typical. this is probably a signal that the metals are bullish which means there are buyers. on the other hand if the gold or the silver trade lower.... that would be possibly a good time to buy the metals, and I explain this in the video. this is a very dangerous time and a lot of people feel that the US must change its strategy because the dollar cannot be sustained with The amount of spending that has occurred.
Breakout Retest, A+ setup explained with todays R5 Silver longFull recap of my todays NY session showing my preparation, my shortlist, my thinking process into my entry window and a detailed breakdown of the trade, including a detailed explanation of the setup, what to look for and how to trade it. One more trade for your playbook!
Wake Up on a SPY Trading AnalysisTrading should not be that difficult.
The rules are simple. if you cant make one stick with this ones.
Find a Perfect Entry based on good timing.
Get In
Get Green (Trade with a Stop Loss)
Get out
Repeat the above procedures a million times.
Does not matter how big or small your wins are because they all compounds overtime as long as you are consistent with it.
Some trades for XAUUSD on October 16, 2024Video explains it all
Lot of movement on XAUUSD this morning, taking some quick intraday/scalp positions within the markets.
All based on recent key level actions and zones, most trades are profitable, unfortunately alot of trailing SL hits, but thats what keeps us from losing money.
less greed, more safety!
EURUSD Technical Analysis and Managing Your Trade👀👉 EURUSD has faced recent selling pressure, creating a potential opportunity for short-term day traders. In this video, we will break down the price action, assess the current trend and market structure, and look at how we can manage this trade. Risk Disclaimer: Forex trading carries substantial risks, and market conditions can shift unexpectedly. This content is intended for educational purposes only and does not constitute financial advice. 📉✅
SPY/QQQ Plan Your Trade For 10-16: BreakAway PatternToday's video highlights what I believe may be a shift in market trend - which can happen.
My SPY Cycle Pattern highlight expected price activity/range based on a number of factors: Fibonacci price theory, Gann analysis, Tesla Price Amplitude theory, and more.
Yet, the one thing my SPY Cycle Pattern do not take into consideration is TIME.
Price shifting slightly forward or backward: where price exhibits an activity/range one day before or one day after the Pattern Date has happened before.
I've seen big CRUSH patterns happen +/- one day. I've seen topping/bottoming patterns happen +/- one day.
Possibly, we just experienced the sideways contraction I was expecting for Wednesday of this week happen on Tuesday of this week. This type of "time shift" if not out of the question in terms of how price reacts to external news/data.
What this means is we may be in for a moderate upside melt-up type of rally in the SPY/QQQ over the next 3+ trading days.
Gold & Silver are moving clearly into the Phase #4 of an inverted Excess Phase Peak pattern. If my analysis is correct, Gold and Silver will rally to a new "Ultimate High" throughout this process.
Bitcoin may have already reached the Ultimate High after yesterday's breakout rally phase. We need to watch the $68k level to see if price fails to rally above that level.
The next two weeks of trading should be very interesting for all of us - moving into an election and watching the global markets attempt to adjust for opportunities/risks.
Remember, ultimately, all of your decision-making should focus on three things:
_ Preserving Capital
_ Identifying Opportunities
_ Containing Risks
No matter what happens over the next three+ weeks, there will be time for more trading after the elections and in 2025 and beyond. Trading is a long game - where the #1 priority is to preserve capital while trying to find the best opportunities for profits.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
Bitcoin: Watch for Reversal Signs Near the Top of the PatternBitcoin: Watch for Reversal Signs Near the Top of the Pattern
Bitcoin is testing the top of a large daily pattern, and selling pressure may soon increase to around $68,000.
However, patience is key, as we should wait for reversal signs.
If this happens, we may see BTC move down to previous structure areas at $60,000, $54,000, and $46,000.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
GBPUSD Bullish Breakout: Key Levels and Price Action Setup Get ready for a deep dive into my bullish bias on GBPUSD! In this video, I break down key levels, price action, and the technical indicators that point towards an upward movement in the GBPUSD pair. Whether you're a beginner or a seasoned trader, this analysis will help you understand the potential opportunities in the current market. Stay tuned for insights on entry points, stop loss placement, and target levels to maximize your gains. Don’t forget to like, subscribe, and hit the bell icon for more trade analysis and forex tips!
Ethereum - big move is coming. My 2 plans Ethereum - big move is coming. My 2 plans
I expect big rise on ETH because OI is nearly ATH
my 2 scenarios
1st - price create range - at VAL of that range we take LONG (80% chance)
2nd plan - bigger SL hunt happens and price re-test POC of previous range $2445 area