Nice sell idea here using price action. Join a free group on telegram to chat about all forex and trading related things t.me/FX_LOUNGE
According this analysis potential selling opportunity for USD/CHF due to the formation of a wedge pattern, suggesting a possible downside movement in the short term. With the first support at 0.90040 and the second at 0.89500, these levels could serve as targets if the price breaks lower. Make sure to monitor for a confirmed breakout below the wedge pattern and consider using risk management strategies like stop-loss orders to protect your position. you see more details in the chart. PS Support with like and comments for more insights.
Trendline Support The price is respecting an ascending trendline, indicating a strong bullish sentiment. Recent candles have bounced off this support line, confirming its reliability. Breakout Confirmation The price has broken above a key horizontal resistance level around $870. This breakout suggests bullish continuation, especially with volume support. Risk-to-Reward Setup A well-defined risk-to-reward ratio is visible. Stop-loss appears to be placed below $853, protecting against a false breakout. Target set around $939 aligns with a significant resistance zone, offering a potential reward. Indicators Positive price momentum is evident, with higher highs and higher lows forming. Likely supported by broader market strength in tech stocks. Next Steps Monitor the price action for sustained movement above $870. A retracement to retest the breakout level could provide a secondary entry. Key resistance to watch: $900 and $939. NFLX is poised for a bullish continuation, with the current setup offering a high-probability trade opportunity.
As the dollar decides to cool off, I see alot of potential upside movement for GU entered a 1:3 with a .01 lot
Hood setup is glorious. I've outlined a few areas to add on a pullback (green horizontals), i'm hoping this happens sooner than later. Does it have to test these? No, not really. Either way this setup looks primed to a move to $70.
SOL/USDT (1h Chart) Analysis Trend Breakout: SOL has broken a descending trendline resistance, signaling potential bullish momentum. This breakout is supported by strong buying pressure, as shown by the green candlestick. Moving Averages: The EMA 9 (blue) and TEMA 50 (orange) are sloping upwards, indicating a short-term bullish trend. MACD: The MACD line has crossed above the signal line and is moving toward the zero line, confirming bullish momentum. DMI (Directional Movement Index): The +DI (blue) is above the -DI (orange), with the ADX above 20, signaling a strengthening bullish trend. RSI: The RSI is at 63, showing bullish momentum without being overbought. There is still room for upward movement. Stochastic RSI: The Stochastic RSI is near 88, suggesting overbought conditions. A pullback or consolidation may occur before further upside. Volume Oscillator: Slightly negative, indicating that while the breakout is strong, follow-through volume confirmation is necessary. Key Levels to Watch: Resistance: $270–$275 Support: $248 (recent breakout level)
BINANCE:DOGEUSDT 1. Pice 3 times tested the lower limit of the range (0.31) and received a defensive reaction from a large buyer 2. The pattern on the OBV, which reflects a large total advantage of the buyer on this day, is marked with a blue arc EXPECTATIONS: According to my observations, after the appearance of this pattern, we can expect the coin to grow. The profit points are the upper limit of the range (0.43 - a false breakout is possible) and the local top at 0.46. Do not use high leverage - breakouts are possible!
https://www.tradingview.com/x/nfkjICMt/ https://www.tradingview.com/x/nfkjICMt/ NZDUSD W demand zone in control. Opened started position on the W demand zone. Re-entered on 4H demand zone created off the W target 1 d1 supply zone target 2 W supply zone higher
Gold can be expected to rise to the next major resistance level 2790.00, which stopped the previous sharp uptrend in October.
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