Dear Traders, Following a substantial sell-off, the Euro has entered a corrective phase. However, based on , I expect a short-term pullback to the 1.04500 level early next week. This downward movement should be seen as a corrective wave within a broader bearish trend. Subsequently, a bounce back towards the 1.06600-1.07000 resistance zone is likely. Once this resistance is tested, I anticipate the Euro will resume its downward trajectory, with a potential target at 1.02." "If you enjoyed this forecast, please show your support with a like and comment. Your feedback is what drives me to keep creating valuable content." Regards, Alireza!
SPOT GOLD is in a Correction Down on the Weekly , it is in a ABC Correction on the Daily . We believe Wave B is Complete and C has began and Expected to complete below A which is 2535. Moreover the Bulls has NO Strength and are struggling to Rise. Technically , it should happen if Geo Political News doesn't affect. Alternatively, If 2665/2687 Breaks then our outlook has to be Re- Analyzed and projected again.
https://www.tradingview.com/x/ws3FFexw/ Take a look at our analysis for DXY. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 105.777. The above observations make me that the market will inevitably achieve 108.336 level. 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!
#EFID time frame 1 HOUR created a bullish Gartley pattern entry level at 28.20 TO 28.30 stop loss 27.50 first target at 29.50 second target 30.50 NOTE: if prices closed under 30.00 (1 HOUR frame) MACD indicator show positive diversion , may that is support our idea. NOTE : this data according to time frame 1 hour Its not an advice for investing only my vision according to the data on chart Please consult your account manager before investing Thanks and good luck
https://www.tradingview.com/x/hTsvj9MR/ Please, check our technical outlook for AUDNZD. Time Frame: 8h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 1.100. Taking into consideration the structure & trend analysis, I believe that the market will reach 1.104 level soon. 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!
If 1 hour candle retest trend line than Long with Target @ 98,000. Sl 1% of your capital.
Brent crude oil prices are stuck in a large descending triangle, with a breach to $70.31, the lows from October and September, suggesting a decline to $64.27 per barrel, representing a potential slide of 8.47%. However, if the price breaks above the trendline side of the pattern and surpasses the November 25 high of $74.83, it could rise to $79.91. This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
Nifty 50 Trading Plan for 02-Dec-2024 On 01-Dec-2024, Nifty traded in a well-defined structure, oscillating between the Golden Retracement Zones for buyers and sellers. The market displayed a Change of Character (CHoCH), with price initially retesting the buyer's support zone near 23,786 before reversing toward the seller's resistance zone at 24,413. Key levels such as 24,250 and 24,112 acted as dynamic Opening Support/Resistance levels. The chart also highlighted a Yellow Zone for sideways movements, Green Zones for bullish trends, and Red Zones for bearish scenarios. Detailed Trading Plan for 02-Dec-2024 Gap-Up Opening (Above 24,250, up to 100+ points) If Nifty opens with a gap-up beyond 24,250, it will enter the Opening Resistance Zone. In this scenario: Watch for rejection near 24,413 or higher. If rejection is confirmed, initiate short positions targeting 24,250 as the first support and 24,112 for extended profits. For sustained bullishness, monitor an hourly candle close above 24,413. If this occurs, consider long positions with a target at the Profit Booking Zone around 24,483. Avoid chasing trades immediately after the gap-up. Allow prices to stabilize for 15–30 minutes to validate the trend. Flat Opening (Near 24,112 to 24,130 range) In case of a flat opening, the Opening Support/Resistance at 24,112 will be critical: If prices sustain above 24,112 with strong buying, consider initiating long positions, targeting 24,250 and 24,413. If Nifty fails to hold 24,112, expect a test of 24,030 (Buyer's Opening Support) and potentially 23,940 (Last Support for Intraday). Use tight stop losses when trading near the flat opening zone due to potential whipsaws. Gap-Down Opening (Below 24,030, down to 100+ points) A gap-down opening near or below 24,030 would signal bearish sentiment: Observe buyer activity near 23,940. If support holds, initiate longs with targets of 24,030 and 24,112. If 23,940 is breached, expect further downside toward 23,832 or even 23,786, the Buyer's Support for sideways action. Manage risk effectively by waiting for hourly candle confirmation in case of volatile downward moves. Risk Management Tips for Options Traders Trade options with a defined stop loss and avoid overleveraging. Use spreads (e.g., Bull Call Spread or Bear Put Spread) to reduce premium outflows and limit risk. Monitor implied volatility (IV) levels, as sudden changes can impact option premiums significantly. Summary and Conclusion Nifty's key levels for 02-Dec-2024 include 24,413 (Profit Booking Zone), 24,250/24,112 (Critical Opening Support/Resistance), and 23,940/23,786 (Key Buyer Support Zones). Focus on hourly candle confirmations for validating breakouts or breakdowns. Stay cautious during initial market volatility and align trades with the prevailing trend as highlighted by the Yellow (sideways), Green (bullish), and Red (bearish) zones. Disclaimer I am not a SEBI-registered analyst. This analysis is for educational purposes only. Please consult your financial advisor before making trading decisions.
? Current Market Overview: Gold is showing remarkable movement within a defined descending channel. The price recently retraced to the 50% Fibonacci level, a significant area that traders are watching closely. ⚡ Key Levels to Watch: ? Resistance Zone: Price is testing the upper limits of the channel near 0.236 Fibonacci. A breakout here could lead to further bullish momentum. ? Support Zone: If the price respects the 50% retracement and holds, expect a possible rebound toward the upper resistance. Otherwise, a drop toward 0.618 or even 0.786 is plausible. ? Insights for Traders: A strong bullish engulfing candle near support is an indicator of buying pressure. Break of Structure (BoS) is marked at key levels, highlighting shifts in market trends. Volume and session timing (London) align with increased trading activity, making this an ideal time for decisions. ? What’s your take on this analysis? Are we ready for a golden breakout or a deeper retracement? Let us know in the comments! #GoldTrading #MarketAnalysis #PriceAction #Fibonacci #TradingView
FTT/USDT: Preparing for a Potential Breakout FTT/USDT is forming an interesting setup as it approaches a critical resistance level. The price has been consolidating tightly, indicating that a breakout could be on the horizon. This could provide a good opportunity for those watching closely. Key observations: - FTT/USDT is testing a major resistance zone, which has previously acted as a barrier. If the price breaks above this level, it could lead to a significant bullish move. - Momentum is building, as indicated by improving RSI and MACD trends. - A noticeable increase in trading volume will likely confirm the breakout and show strong buyer interest. How to approach this setup: - Wait for a 4-hour or daily candle to close above the resistance to confirm the breakout. - Look for a potential retest of the broken resistance as support before entering to minimize risk. - Monitor volume; a breakout with low volume may not sustain. - Set a stop-loss below the breakout level to manage risk effectively. Potential targets: - First target: . - Second target: . Always remember to follow your trading plan, manage your risk, and stay cautious of fake breakouts. This analysis is for educational purposes only and not financial advice. Always do your own research.