There was a great breakout trade opportunity on Microsoft's stock, enhanced by a refined entry strategy. The red zone highlights a key resistance level where the price struggled to break through. A breakout occurred with a strong bullish candlestick, confirming buyers' strength. Thank you for reading! If you found this content helpful, don’t forget to like, comment, and share the idea. Follow me on TradingView!
Im Back. my mistakes speak for itself but my growth will be louder
I’m currently positioned long on this market, targeting 153.000, with the expectation that the NFP release will inject some strength into the Dollar, driving price toward that key level. From there, my plan is to shift gears and look for a swing short opportunity, aiming for the 145.00 region—a move that could net over 700 pips. The logic here is simple: a surge in Dollar strength could create the perfect momentum for an upward push, but once price reaches the target zone, it opens the door for a broader corrective move. Of course, if the market doesn’t deliver on this scenario, I’ll hold back, stay calm, and wait for a clear and decisive opposing bias to present itself. Flexibility and patience always win the game.
https://www.tradingview.com/x/OtmjDfmf/ Please, check our technical outlook for NAS100USD. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 21,415.8. Taking into consideration the structure & trend analysis, I believe that the market will reach 21,013.5 level soon. 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. Like and subscribe and comment my ideas if you enjoy them!
https://www.tradingview.com/x/sCZ9fUHQ/ Here is our detailed technical review for GOLD. Time Frame: 4h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 2,637.581. Considering the today's price action, probabilities will be high to see a movement to 2,613.313. 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. Like and subscribe and comment my ideas if you enjoy them!
https://www.tradingview.com/x/E0xTtUk5/ Take a look at our analysis for EURCAD. Time Frame: 4h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 1.485. Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 1.478 level. 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. Like and subscribe and comment my ideas if you enjoy them!
https://www.tradingview.com/x/trSg1Jlq/ Please, check our technical outlook for GBPAUD. Time Frame: 8h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 1.988. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 1.970 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. Like and subscribe and comment my ideas if you enjoy them!
We grapped buyside liquidity and shifted to the downside, we left sibi waiting for it to tap there then sell hard this NFP
Position Update: December 6, 2024 Key factors: 1. Low-risk entry point. 2. A first proper and buyable base after an IPO. 3. Has gone through its majority line of supply. 4. Moving on its own drummer, the stock went up +96% while the index remains the same spot. 5. High relative strength stock. 6. Volume dries up as less supply coming to the market. 7. The breakout was confirmed with a notable surge in volume Considerations: The current market environment remains challenging, with broader indices showing uncertain and inconsistent behavior, failing to sustain a bullish trend. This is a quintessential VCP with clear contractions and a defined entry point. I’d like to see if it can hold up and follow through from here.
hi traders, Let's have a look at the BABA chart on the 1D time frame. After a massive rally, BABA experienced a deep pullback, but it looks like it might be time to load up on BABA again. BABA is still in our buy zone but we're expecting the trend reversal soon. Probably US market will experience some sort of pullback in its bull market and in this period we're expecting China market to have a nice recovery. Our targets for BABA: Target 1: 107 $ Target 2: 117$ We're expecting other Chinese stocks to perform well too . Check NIO stock here: https://www.tradingview.com/chart/NIO/m1A8mq4W-NIO-we-re-bullish-on-China/ Good luck