Trend Lines
US30 Went Exactly As We Predicted US30 never size to obey our analysis. We took and unimaginable profit from US30 today... Hold on for our signal on the next move.... Will it break the SbR or not. Stay tuned.
BTC Downwards moveI expect BTCUSD to be bearish for tomorrow's price action.
DIsclaimer; This is not financial, trading advice.
For educational purposes only.
ALTCOINS Q4 2024 | Ideal Entries | GOOD BUYSHere's an updated list of 10 altcoins that have good chart setups and longer term prospects.
Note that for some, you may have to dollar-cost-average (buy little bits on the way down).
1) NEARUSDT
2) TAOUSDT
3) LTCUSDT
4) TIAUSDT
5) FTMUSDT
6) GRTUSDT
7) AVAXUSDT
8) INJUSDT
9) AAVEUSDT
10) SOLANA / SOLUSDT
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GBPUSD: Bearish Movement ContinuesGBPUSD is currently experiencing a downward trend, with the price consistently decreasing within parallel channel on a 4-hour timeframe.
Following a test of the upper limit of this channel, there was a significant negative response.
The price set a new lower low today, breaking through a strong horizontal support level.
This indicates a strong presence of sellers in the market, suggesting that the price is likely to continue its downward trajectory. The target price is set at 1.292.
MSFT long @ 417.13 for a quick bumpIt's oversold (according to my algo so please don't waste your time with telling me it's nowhere near oversold). It's in what I'd call a consolidation phase after more than doubling in the last 22 months. Unless there is a total macro meltdown, I don't see it having any good reason to (at worst) fall below the August 395 level and to do so would require to to breach the blue trend line as well as support from the early September low. I just don't see that happening soon.
That said, I'm a short term trader and with it being oversold, Im looking for a quick move higher in the next few days. Nothing amazing, I don't think, but enough to make me a quick buck or two. Maybe testing that upper blue resistance line.
Longer term, I'd give MSFT "core holding" status alongside NVDA as a major player in AI. NVDA from the hardware side, but MSFT in what I think will turn out to be the more lucrative side - applications. MSFT has a nearly endless number of potential applications for AI and are investing heavily in it, for both themselves and to provide services for customers down the road.
I'd get bearish if it broke down below 395, but if that happens, I really think there will be nowhere to hide in the market. Obviously if it breaks the upper blue resistance line, I see 465-470 ATH as its next test. I think short term it tests the blue support trend line and bounces. That's what I'm here for.
EURCHF: Trend BreakoutEURCHF has been a quiet pair since late September. The current level plotted is on the brink of a breakout in the direction of a trend.
Provided that this level holds, I do anticipate further downside ahead. Stop loss can potentially be trailed.
ADR: 41.2
SL: 40
TP: 100
GBPUSD: Counter-Trend BreakoutThis is actually a counter-trend trade that I've been eyeing on the GBPUSD pair. Price rallied from August to October before breaching the trendline.
Earlier this month, I plotted two support levels and now price is breaking and accelerating from the second support level.
ADR: 63.5
SL: 60
TP: 140
Gold's SidewaysGold's bullish run from 2654 to 2740 has shifted to a sideways phase. To profit in this range-bound market, sell at resistance and buy at support levels on your chart. If a breakout occurs, follow the new trend. Happy trading!
Nifty Intraday 23 Oct 2024 Levels for SellingToday Nifty made new low and following price action on every timeframe.
For good risk reward if price starts moving upwards and taking reversal near 24600, then we can go for sell trade.
For Followup trade, any 5 min candle close below 24445 then also we can go for sell trade.
Note : Its just an analysis, wait for the price to confirm.
Disclaimer : Always follow risk to reward, this is the only key to success in market, no matter how much good a trade is looking we never know the future.
BankNifty Levels for Intraday 23 Oct 2024 Selling TrendToday BankNifty closed below the Trend line / Channel of Daily Timeframe which was started in January which is a sign of trend change and price may go more downside.
As per the today price action (lower low and lower highs) the selling was continue after each rise,
So as per the price action and trend change price is indicating sell on rise market.
So for minimal risk and better risk:reward if price starts moving upwards and taking reversal near 51500, then we can enter for sell trade.
Otherwise if any candle close below today closing price(which act as immediate support/resistance) 51250, then we can also enter for sell trade.
Note : Its just an analysis, wait for the price to confirm.
Disclaimer : Always follow risk to reward, this is the only key to success in market, no matter how much good a trade is looking we never know the future.
Second Entry for US30 BuyGuys keep holding second entry and close when it gets to the first entry... You can hold some with BREAKEVEN.
Enjoy mighty profit
Bitcoin forming bullish parabola?Connecting the recent lows on the daily, we see that buyers are not allowing price to dip to lower trend lines, forming the beginnings of a parabola, let's see if it holds. To the mooooon!
S&P 500 Index - Already dropped and still...Technical Analysis:
The price dropped after stabilizing below 5863 and is still running to get 5825 and 5781
If the price breaks and holds above the 5878 level, the next target would be the resistance line at around 5,939.
On the downside, a rejection from the liquidity zone could send the price back down towards the support line near 5,825 or even further towards 5,781.
Direction:
Bearish: If the price fails to break above 5878 and 5,891 and the liquidity zone holds as resistance, the price will likely move towards 5,825 or lower.
Bullish: If the price breaks and closes above 5,891, a bullish continuation towards 5,939 is expected.
The overall bias is bearish unless there is a confirmed breakout above the liquidity zone.
Key Levels:
Pivot Point: 5837
Resistance Levels: 5865, 5891, 5915
Support Levels: 5812, 5781, 5761
Trend Outlook:
Bearish below 5848
Bullish above 5878
Uptrend in Play or Drop Incoming? Key Price Zones!OANDA:GBPJPY
Current Price: 195.150
Chart Timeframe: 1-Hour
Bullish Outlook:
The price tested the Ascending Channel’s lower trendline as support and is now heading toward the 196.049 target.
Minor resistance at 195.714 may cause a pullback to 195.339 before the price resumes its move toward the 196.049 target.
Alternatively, if the price breaks below the channel’s lower trendline, it could lead to a decline towards 193.708.
Resistance Levels:
• 195.714 (Minor resistance)
• 196.049 (Primary target)
Support Levels:
• 195.339 (Expected pullback level)
• Lower trendline of the Ascending Channel (Current support)
• 193.708 (If the price breaks below the channel)
Happy Trading!
Short AEVO4H Timeframe: we have a fake breakout of the purple trendline. Short SL's have ben taken and now we're hunting for long SL's.
1.We have price into a rage 0.37 - 0.39
2. We have an imbalance: red elipse which might mean a sudden price drop.
3. we have a demand zone near support and trendline where we can have our TP.
4. You can partially take profits along the way, on supports.
Long AXLUSD ideasTrade1: Entry on demand area, above support (0.76), SL under support. TP: middle of the channel, depending on when the trade happens.
Trade2: Entry on low of the channel. 4h support. (0.67)
SL: under that support. TP: close to the resistance. Conservative: below. Expecting getting back in the channel , longer trade: above the green resistance
Short Ideas AXLUSDTrade1: Range Play . Entry top of the range. SL: above resistance. TP: in the demand zone.
Trade2: ChannelTop + Supply zone on higher timeframe.
SL: above the supply zone
TP: somewhere on support , middle of the channel.
GBPUSD: Bearish Movement in a Channel 🇬🇧🇺🇸
GBPUSD is currently trading in a bearish trend.
The price is steadily falling within a channel on a 4H.
After a test of the upper boundary of the channel,
we see a strong bearish reaction to that.
With a high probability, the price will continue going down.
Next support - 1.295
❤️Please, support my work with like, thank you!❤️
EURCAD 15M ChoCH, OB, IMBSee that the price fill the IMB and mitigated OB, Now wait the price makes pullback into the new OB for confirmation entry. Don't forget to put your SL and do at your own risk. Correct me if I'm wrong
BTCUSDT channel breakout retest and more pump aheadAs we can see price broke the descending channel to the upside and now we may have retest of breakout at 65K$ and if that support hold then we can expect more pump and rise here like the green arrows and also new ATH is possible.
all possible scenarios are also mentioned on the chart.
DISCLAIMER: ((trade based on your own decision))
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XAUUSDT dump ahead soon below 2550$As we said before technically we need dump and rest here for chart and soon if no more war and ... news release then we can expect start of dump and hitting our targets and path like red arrow.
DISCLAIMER: ((trade based on your own decision))
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