Today will be slightly gap up opening expected in banknifty. Expected opening near 49450 level. After opening it will face resistance at this level and expected reversal towards the downside. Major upside rally only expected if banknifty starts trading and sustain above 49550 level. Downside 49050 will act as a important support for today's session.
Price is nearing a significant vertical resistance level, coinciding with the upper trendline of the ascending channel. This area also aligns with previous swing highs, strengthening its significance. We're watching for a potential reversal in this zone. A break below 2809 (key price level) would signal a potential short opportunity, targeting the identified support zones at 2800, 2780, and 2770. Key Considerations: * Zone-Based Reversal Strategy : This analysis is based on the confluence of resistance and trendlines, indicative of a potential reversal zone. * Risk Management : Always use a stop-loss to manage risk. A suggested stop-loss would be above the recent high at 2828 * Confirmation : Wait for a clear break below 2809 before entering a short position. Look for increased volume and strong bearish momentum as confirmation. Disclaimer : This is not financial advice. Trade at your own risk.
If you been lucky enough to work out my analysis and pull the trigger on the trade setups that played out over and over again, I commend you for your knowledge of how to read an analysis and then use it to make an informed decision. If you caught the last analysis I mentioned about a bear trap spike below the blue line and as you can see it played out. You can see I have removed the green trendline on left chart as it is now done with and the green trendline on the right hand side chart is basically invalidated now. We see on the left chart the orange trendline is respected with the candle closing above it. The white major trendline also held as major support. You can see the other trendlines still being used, especially on 4 hour timeframe. So, what now? We need to watch for the right hand side RSI to breakdown under the red trendline for BTC to get to 108k. On the left chart the RSI needs to break back above trendline. In regards to the price action, we can see a massive buy up in the crash candle that was just made. Price could move up to 108k from here now there are trapped short traders below. This would put the right USDT.D chart at the blue trendline and as per previous analysis we know what happens if that then breaks below this line. On the bearish side, if price loses the light green vwap line then expect another retest of the white trendline. Smash the like button and good luck!
Based on the H4 chart, the price is approaching our sell entry level at 1.0344, an overlap resistance that aligns close to the 50% FIbvonacci resistance level. This level is expected to act as a potential reversal point in the bearish setup. Our take profit is set at 1.0190, near a key support zone where price may find buying interest. The stop loss is placed at 1.0469, above the previous swing high, providing room for price fluctuations while ensuring the bearish setup remains valid. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (fxcm.com/uk): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (fxcm.com/eu): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (fxcm.com/au): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at fxcm.com/au Stratos Global LLC (fxcm.com/markets): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Last close :1147.65 , Sell Rise Till 1160 For The Target 1079—1015
BA: Bottom confirming and preparing for a next up cycle! -Inversed HnS pattern consolidation. -Less supply vols at the bottom. -Key level 180 as hard resistence, upon breakingout, BA may go up strong ly! . Wait n see!
In this video, we will update the forecasts for the following markets: ES \ S&P 500 NQ | NASDAQ 100 YM | Dow Jones 30 GC |Gold SiI | Silver PL | Platinum HG | Copper Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
i think btc is going to make its higher straight from this low
NVDA has had some serious pullbacks and the fundamentals are all intact. These trade levels are for a swing trader to take advantage of the possible scenario of a run into earnings. Green are load zones Yellow is start of Sell zones Red is top. Not Financial Advice.
Hello Gold Traders ! here my thought Gold in h4 time frame xauusd want selling zone at 2818 and their technical target is 2750 and their key level is resistance is 2830 support zone 2811 and their technical target is 2750