TSM - Stock breaking out of trendline channel on daily time frame. Looking for more upside here above $200. Call above $200 for a move towards $206 and $210. Stock is strong on indicators.
Consolidation Phase: NSE:VESUVIUS has been consolidating for a while, indicating reduced volatility and balanced forces between buyers and sellers. This phase often precedes significant price moves. Symmetrical Wedge Formation: The current price action is forming a symmetrical wedge pattern, characterized by converging trendlines as the price makes higher lows and lower highs. This pattern suggests indecision in the market, with neither bulls nor bears having full control. Breakout Strategy: Traders should wait for a decisive breakout from the wedge before entering a trade. Bullish Breakout : Look for a break above the upper trendline with high volume, signaling potential upward momentum. Bearish Breakout : Watch for a break below the lower trendline with significant volume, suggesting a potential downside move. Key Levels to Monitor: Identify key support and resistance levels near the wedge boundaries. A confirmed breakout often targets the height of the wedge projected from the breakout point. Disclaimer : This analysis is for educational and informational purposes only and does not constitute financial advice or a call to trade. Trading and investing involve significant risk, and you should perform your own research or consult with a qualified financial advisor before making any trading decisions. Past performance is not indicative of future results.
In USDJPY 30mints time frame there is two patterns one is every second higher level is low then first high level and every second lower level is low then first low level it means it will fall. other pattern is if second high level breakout first high level then it will be high then first high level so, it will fly. As I used stochastic indicator it's seems like it will fall.
Publishing a monthly support and resistance chart, a weekly view of that chart - with targets - that I've been sharing on Twitter/X for a while, so others can follow along. This in addition to the parallel S/R chart that is already published here: https://www.tradingview.com/chart/HBARUSD/ZqnxNrqc-HBAR-to-Repeat-its-Prior-Move/ With an updated snapshot of it here (targets adjusted for where it broke out): https://www.tradingview.com/x/FnhqdLLp/ Hope this is helpful for those watching HBAR make its move this run.
SNPS is looking good to go long at cmp. Again current market price trades have a big SLs always. I will go long for targets of $613 If you have doubts feel free to message me.
Silver formed a QM pattern in the two-hour time frame, if it can break the specified neckline and the candle confirms it, there is a possibility that silver will rise sharply to $35.
The Cable (GBP/USD) is rising towards the pivot which has been identified as a pullback resistance and could drop to the 1st support which acts as an overlap support. Pivot: 1.2755 1st Support: 1.2614 1st Resistance: 1.2844 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
hi every one im waiting here for buying gbpusd stoploss is just 15pips lets see what will happen
Key Observations: 1. Price Action: • USD/JPY has bounced from 148.65, showing signs of short-term recovery. However, the overall structure remains bearish with descending resistance levels near 150.30-150.50. 2. Technical Indicators: • Moving averages suggest further downside pressure. • Ichimoku cloud analysis highlights resistance in the 149.50-150.30 zone, making it a critical area for sellers. 3. Market Sentiment: • Seasonal trends show a weakening dollar towards year-end, aligning with current selling pressure. • Reuters and Dow Jones reports emphasize geopolitical influences and Japan’s policy stability driving yen strength. 4. News Highlights: • Massive $1.4 billion option expiry today, with strikes at 147, 148, and 150, could add volatility. • Recent headlines note importer buying interest near 146.50, setting up potential support levels. 5. Support and Resistance: • Immediate support: 146.28 and 145.00. • Resistance: 149.50, followed by the psychological 150.30 level. Trade Insights: • Bias: Short-term pullbacks may provide opportunities for selling rallies. • Risk Management: Stop-loss near 150.50 for short trades. Profit targets near 146.50 and 145.00. This week’s flow will likely hinge on U.S. economic data releases and further commentary from Japan’s BOJ. Be cautious of mid-week reversals.
As the Lines suggest breakout is easily possible if it gave a trend reversal. And I assume it must be a good breakout because the stock tried to break the resistance 3-4 times. And a good Support as well.