- GBPUSD broke the resistance zone - Likely to rise to resistance level 1.3000 GBPUSD currency pair recently broke the resistance zone between the resistance level 1.2760 (which stopped wave (2) in December) and the 50% Fibonacci correction of the downward ABC correction from September. The breakup of this resistance zone accelerated the active impulse wave (C) which belongs to the primary ABC correction 2 from January. GBPUSD can be expected to rise toward the next resistance level 1.3000, the target price for the completion of the active impulse wave (C).
Don't panic, be prepared for extreme liquidations from over leveraged trades till all the pigs are slaughtered. Throw on your big ball trades But use a Support that wont break your bank
- Bitcoin reversed from support zone - Likely to rise to resistance level 95000.00 Bitcoin recently reversed up multiple times from the support zone located between the key support level 82550.00 standing near the lower daily Bollinger Band and the 50% Fibonacci correction of the upward impulse from September. The upward reversal from this support zone created the daily Japanese candlesticks reversal pattern Hammer Doji. Bitcoin can be expected to rise toward the next resistance level 95000.00, which reversed the price sharply earlier this month.
Please do your own research on this company because it's extremely interesting and enticing! I first got introduced to this company mid-last year before our strong move into the $17+ and since then we've seen a consistent downtrend. Starting to see signs of tapering and recovery now as we tapped into HTF demand so definitely a chart to keep an eye on - especially with their pending deal to purchase a large roofing company. Happy Trading :)
#BTCUSD price have multiple retest below 81k and more. Now we await new formation above 93k #BTC needs to decline above 93k which holds another short bearish retest, buy between 88700 which take profit is 93k. Stop loss at 87200. Above 91k have bullish range also.
Bearish Scenario: The Japanese Yen (JPY) continues to strengthen against the US Dollar (USD) as expectations for additional Bank of Japan (BoJ) rate hikes gain traction. This has reinforced a bearish sentiment in the USD/JPY pair, which remains aligned with the longer-term downtrend. From a technical perspective, 152.50 serves as a key resistance level, marking the recent swing high. If an oversold rally occurs and faces rejection at 152.50, the bearish outlook is likely to persist, with downside targets at 149.30, followed by 147.80 and 147.20 over a longer timeframe. Bullish Scenario: A confirmed breakout above 152.50, accompanied by a sustained daily close above this level, would negate the bearish bias. This could shift momentum toward the upside, paving the way for further gains, with 154.30 and 155.70 emerging as potential resistance levels. Conclusion: The 152.50 level remains the key pivot for determining the next directional move. A rejection from this resistance would reinforce the downtrend, while a breakout above it could signal a bullish reversal. Traders should closely monitor price action around this level for confirmation of the next move. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
From the chart i see a brief accumulation which tended towards the upside to liquidate those in short positions (stop hunt) as a form of manipulation. If it doesn't break through that supply zone there will be a retest to fill-up the FVG below (on the 1H TF) and probably takeout those in long positions before breaking through the supply to give us a new ATH. If it does break through the demand below we'll most likely see a dump towards the long awaited FVG around 20k region (from the Monthly TF). So, lets see how this plays out.
Today's short-term gold operation strategy recommends buying on pullbacks and shorting on rebounds. The short-term focus on the upper side is the 2927-2930 line of resistance, and the short-term focus on the lower side is the 2900-2902 line of support. Short position strategy: Strategy 1: Short 20% of the position in batches near 2927-2930 in the early trading of gold, stop loss 8 points, target near 2910-2900, break to see 2890 line; Long position strategy: Strategy 2: Buy 20% of the position in batches near 2900-2902 when gold falls back, stop loss 8 points, target near 2915-2925, break to see 2930 line;
Hello, trader. Very good chance for BTC to take out 105k now, with this market structure shift.. playing out well, got a pullback to the FVG area and went long
Thank you all for the love and support on my recent videos! It's a real pleasure to be able to share knowledge with those interested in learning - and especially on a platform like TradingView where I've had the pleasure of learning so much from you guys! As we laid out in the last video, LULU gave us an opportune entry at the $330 level and although this isn't the end all be all, this could be the base for which we start to progress upward again. We may need to be more patient than we'd like considering the broader market's downturn and earnings approaching in a month - so until then we will continue to keep an eye on our levels and look for further opportunities to load up! Happy Trading :)