We could expect EUR/USD to continue rising and thus, cover the gap left at 1.6466. finally, the instrument could reach the 200 EMA around 1.07187. According to the H4 chart, we can see that the euro is overbought, which means that any attempt to continue rising will be seen as an opportunity to sell. Our trading plan for the next few hours is to sell the euro below 1.04790. or wait for confirmation above 1.06124. to buy.
DogeBTC and DogeUSDT ready for next pump this is good pattern and base zone for next pump and good zone for heaye BUY by whales(BTC) if Break trand on MACD so all thing is perfect
Key Stats: Market Cap: $51.9B P/E Ratio: 24.65 (sector average ~22.5) Free Cash Flow: $1.6B TTM Next Earnings Date: March 4, 2025 Technical Reasons Supporting an Increase: Ascending Channel Formation: ROST continues to trend upward within a well-defined ascending channel, targeting the upper band near $190. Key Moving Averages Bullish Crossover: The 50-day SMA just crossed above the 200-day SMA—hello, golden cross. RSI Momentum Breakout: RSI (14) remains at a healthy 62, suggesting bullish momentum without overbought conditions. Fundamental Reasons Supporting an Increase: Strong Q3 Earnings Beat: Revenue up 8% YoY with EPS growth of 12% (Q3 FY24). Management raised FY guidance, reinforcing investor confidence. Off-Price Retail Resilience: Amid inflationary pressures, ROST’s model thrives by offering value-conscious customers an edge. Expansion Plans On Track: 100 new stores planned by 2025, creating a pathway for revenue growth and broader market penetration. Potential Paths to Profit: Option 1 (Lowest Risk): Buy shares outright and hold. Option 2 (Moderate Risk): Buy LEAP calls for potential returns based on implied move calculations. Disclaimer: We are not a brokerage or investment firm. We do not offer financial advice or investment advice and/or signals. This is not certified financial education. We offer access to the daily thought process of an individual and his experiences. We do not offer refunds. All sales are final.
Will Nike behave the same way it did after October 1st?
As of December 7, 2024: GOOGL Trading at $174.71 Fundamental Overview GOOGL remains a dominant force in the technology sector, backed by robust fundamentals that highlight its financial strength and growth potential. Here are some key metrics: * Forward P/E Ratio: ~19.90, indicating a reasonable valuation relative to expected growth. * Expected EPS Growth: Analysts project a 5-year EPS growth rate of 21.03%, showcasing strong profitability expectations. * Expected Revenue Growth: Forecasted 5-year revenue growth of 10.99%, signaling steady expansion in core businesses. * Net Margins: At 27.74%, Alphabet exhibits impressive operational efficiency. These metrics reinforce Alphabet's position as a growth-oriented mega-cap stock, blending innovation with consistent financial performance. Technical Analysis and Trading Plan Overview GOOGL is currently consolidating after a strong rally earlier this year. The stock is trading within a well-defined range, respecting key support and resistance levels. Combined with its strong fundamentals, this also creates a promising setup for both scalpers and swing traders. Price Action and Key Observations 1. Trend Analysis: * GOOGL is maintaining an upward trajectory, bouncing off its ascending trendline since mid-2023. * The stock’s current range suggests indecision, but a breakout is likely in the coming weeks. 2. Liquidity Zones: * Demand Zone: $163–$170, an area where buyers have historically stepped in, coinciding with the 200-day moving average. * Supply Zone: $190–$192, marking resistance from previous highs. 3. Order Blocks: * Bullish Order Block: Around $163.50, aligning with historical support and institutional buying interest. * Bearish Order Block: Between $190–$192, serving as a critical resistance level. 4. Indicators: * MACD (Daily): A bullish crossover signals upward momentum, aligning with recent price recovery. * Volume: Increased buying volume during the last bounce suggests accumulation near $170. Support and Resistance Levels 1. Support: * $174.70: Immediate support just above the 15-day EMA. * $163.55: Strong support aligned with the bullish order block and the 161-day moving average. 2. Resistance: * $182.46: Immediate resistance; a breakout here could trigger a move higher. * $191.75–$192: Major resistance and a critical target for swing traders. Game Plan Scalping Strategy: * Entry: Buy on a breakout above $182.50 with strong volume confirmation. * Exit: Target $190–$192. * Stop-Loss: Set below $181 to manage risk. Swing Trading Strategy: 1. Bullish Case: * Entry: Look for a pullback to $174 or $163.50 with a bullish reversal candle. * Targets: First target at $182.50, and swing target at $191–$192. * Stop-Loss: Below $163.50 to avoid significant downside. 2. Bearish Case: * If GOOGL breaks below $163.50 with high volume, short positions targeting $150 could be considered. * Stop-Loss: Set above $165 to minimize risk. Thoughts and Where It’s Heading * Upside Potential: A breakout above $182.50 could attract further momentum, with $190–$192 as the next logical target. This aligns with both technical patterns and improving fundamentals. * Downside Risk: A failure to hold $174 could lead to a retest of $163.50 or even $150, where demand is expected to pick up again. Playbook Checklist Before Entry: * Confirm breakout or bounce with volume analysis. * Verify MACD momentum and other indicators. * Watch for price action signals near key support/resistance levels. Risk Management: * For scalping: Risk 1% of capital per trade. * For swing trading: Risk no more than 2% per position. Market Updates to Monitor: * Keep an eye on sector trends, earnings updates, and macroeconomic news for potential catalysts. Disclaimer This post is for educational purposes only and does not constitute financial advice. Please conduct your research and consult a professional advisor before making any trading or investment decisions.
Analysis: Why EURCAD is bearish 1. inversion fair value gap (IFVG): Price has reached the marked Inversion Fair Value Gap (IFVG) at the 1.49589 area, which serves as a resistance zone. Liquidity is often tapped in such areas before a reversal movement sets in. The decline from the IFVG area indicates that sellers have become active. 2nd Fibonacci retracement level: The 70.5% level (1.49630) is a significant resistance area. These levels are often used to open short positions, especially when they coincide with other resistance indicators, such as the IFVG in this case. 3rd order block (OB-): Price has tested a previous bearish order block (OB), which is also in the resistance zone. This area is often used as an entry point for sellers, as many sell orders are collected there. 4. structural reversal: The recent move into the resistance area shows a clear reaction, indicating a possible reversal to the downtrend. As long as the price does not form significant higher highs, the overall structure remains bearish. Conclusion: EURCAD is showing clear signs of a bearish reversal. The IFVG area, Fibonacci resistances and the order block reinforce the case for a short position. A potential target could lie in lower support areas if the price continues to form low highs and lows. Translated with DeepL.com (free version)
Targets and SL on chart. Use trail stop loss. OANDA:EURJPY
Description is in the picture. Feel free to message me if any questions
Analysis: Why XAUUSD is bearish 1. fair value gap incl. deep golden pocket (FVG): The price has reached a fair value gap (FVG) incl. the cosequent encroachment and the deep golden pocket in the 2,717.53 area, which acts as resistance. Such untested liquidity areas are often used by sellers to take short positions. As long as the price remains below this area, selling pressure is likely to persist. 2nd Fibonacci retracement level: The market is below the 50% Fibonacci retracement level (2,664.31), indicating a dominant downtrend. In addition, the area between the Fibonacci levels 0.705 (2,716.04) and 0.79 (2,737.48) is in a resistance zone that has already triggered selling on several occasions. This confirms the weakness of the buyers and the control of the sellers over the market. 3. break of structure (BOS): A break of structure (BOS) is clearly evident. The market has formed both lower highs and lower lows, which is typical of a downtrend. This structural break signals that buyers are no longer able to maintain control and sellers are determining the market movement. 4. consolidation below the FVG: After the sell-off, the price consolidates in a narrow range below the fair value gap. This consolidation shows that the market is gathering energy to execute a further downward impulse. Without a return above the FVG area, the market remains strongly bearish. 5th target area (take profit zone): A potential price target is marked at 2,528.47, which is close to a strong support zone. This area could be defined by previous lows or liquidity zones and serves as a potential target point for sellers. 6. market momentum: The weak retracements to the upside and the structure of the chart indicate clear downward momentum. Buyers are currently showing no strength to initiate a sustained countermovement. Conclusion: XAUUSD is showing a clear bearish bias supported by the break of structure, fair value gap and Fibonacci resistances. As long as the price remains below the 50% retracement and the FVG, a further sell-off towards the support zone at 2,528.47 is to be expected. Traders should favor short setups and monitor potential reversal signals at the lower timeframes.
Hey Traders, in today's trading session we are monitoring US500 for a buying opportunity around 6060 zone, US500 is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 6060 support and resistance area. Trade safe, Joe.