ONGC has fallen 30% from highs And going down in falling down Stock has given breakout of the channel and now currently around breakout area Stock has huge potential to go up till 400 In a shorter term we can see 320 in days to come Thank You !!
https://www.tradingview.com/x/K9XPT22B/ US30 Index completed a bullish accumulation in a wide horizontal sideways range on a daily. Its resistance was broken on Friday and we see a positive bullish reaction to that after its retest. There is a high probability that the market will continue rising. Next resistance - 44360 ❤️Please, support my work with like, thank you!❤️
Gold reached the resistance level of 2726. This area is waiting for the decision of the Asian session to accept selling or not. If the Asian session accepts selling at this price, wait for the European session to buy back around the area of 2717, 2712. 2691 becomes an important resistance zone of today. 2647 is today's resistance. When breaking the border of 2627, it gives a buy signal to the target.
In the Asian market today, Tuesday, January 21, influenced by Trump's tariff comments that stimulated risk aversion, OANDA:XAUUSD suddenly jumped to 17 USD in the short term and are currently approaching the mark of 2,725 USD/ounce. Trump was sworn in as the 47th President of the United States in the Oval Office of the Capitol. US President Trump recently announced that he plans to impose tariffs on Mexico and Canada no later than February 1, possibly up to 25%, and reiterated his view that the two neighboring countries America's neighbors are allowing illegal immigration and drugs into the United States. Complaining about fentanyl and migrants crossing the northern U.S. border, Trump called Canada a “very bad abuser” and said the target date for tariffs would be “I think February 1st. " Trump made the remarks shortly after returning to the Oval Office to sign a series of executive orders. The executive orders cover everything from regulation to energy to immigration. This is an early sign that Trump has increasingly focused on trade since taking office. These comments have stimulated risk aversion in the market to increase rapidly. Not only did gold strengthen, but the safe-haven Dollar also increased strongly. Impacting the market, we can see that recently both gold and Dollar, which have a negative correlation, have increased in price together. Trump's sweeping trade tariffs are expected to spur further inflation and spark a trade war, which could increase gold's safe-haven appeal. https://www.tradingview.com/chart/XAUUSD/n5T6W34I-GOLD-is-supported-but-watch-out-for-Trump/ Analysis of technical prospects for OANDA:XAUUSD On the daily chart, gold has approached the $2,725 level that was the initial upside target noticed by readers in the previous issue, followed by the $2,730 price point of the 0.236% Fibonacci retracement. Technically, gold still has all the conditions for price increases with the trend being noticed by the green price channel, main support from EMA21 and the nearest support is the 0.382% Fibonacci retracement level. Meanwhile, the uptrend of the Relative Strength Index also creates an uptrend and is still quite far from the overbought level, showing that there is still wide room for price growth ahead. Moving forward, the technical outlook for gold remains bullish and notable levels are listed below. Support: 2,700 – 2,693USD Resistance: 2,725 – 2,730 – 2,750USD SELL XAUUSD PRICE 2746 - 2744⚡️ ↠↠ Stoploss 2750 →Take Profit 1 2739 ↨ →Take Profit 2 2734 BUY XAUUSD PRICE 2684 - 2686⚡️ ↠↠ Stoploss 2680 →Take Profit 1 2691 ↨ →Take Profit 2 2696
BTC/USD Trading Idea - Uptrend (1H Timeframe) ? Entry Point: $101,900.00 ? Target Level: $109,500.00 ? Stop Loss: Below EMA 50 Analysis: The BTC/USD pair is in an uptrend on the 1-hour timeframe. Entry is set near a key support zone aligned with the EMA 50, which acts as dynamic support. Risk management is essential; the stop loss is strategically placed below the EMA 50 to minimize potential losses while riding the trend. Indicators: EMA 50: Monitored as a dynamic support level to confirm the uptrend. ? Plan: Monitor price action for a bounce near the EMA 50 before entering at $101,900. Hold the position to the target of $109,500 while securing profits by trailing the stop loss. ? Risk/Reward Ratio: Favorable. Always trade responsibly!
Uptrend continue Everything is on the chart Please take Profit @161.8% Fib Patient is the key Goodluck
Trader Tom, a technical analyst with over 16 years’ experience, explains his trade idea using price action and a top down approach. This is one of many trades so if you would like to see more then please follow us and hit the boost button. We are proud to be an OFFICIAL Trading View partner so please support the channel by using the link below and unleash the power of trading view today! https://www.tradingview.com/?aff_id=109100
Illustrating my support and resistance lines, they’ve been on point. I suggest you mark them on your chart and observe how price actions react to them. Some lines are weaker than others, and I wanted to change their color, but I didn’t. At this point, I’m not concerned about it since we’re almost done. We’ll soon be in the process of price discovery.
? Entry: Above $40.01 (Yellow Line), signaling a potential breakout. Stop Loss (SL): Below $37.78 (White Line) for risk management. Target 1 (T1): $43.43 (Red Line), the first resistance zone. Target 2 (T2): $47.48 (Green Line), the next resistance level for extended gains. Strategy: Monitor for volume confirmation on the breakout. Once T1 is reached, adjust your stop loss to breakeven and ride the momentum for T2. Watch for momentum shifts and market conditions. ?? #DJTStock #LongTrade #BreakoutTrade #TechnicalAnalysis #NASDAQ #StockMarket #TradingSetup #PriceAction #RiskManagement #ProfitTargets #SwingTrading #DayTrading #VolumeAnalysis #ChartPatterns #MarketUpdate #StockSignals #Investing #TradeSmart #BullishBreakout
Short Term Elliott Wave view in GBPJPY shows the decline from 12.30.2024 high is in progress as a 5 waves impulse. Down from 12.30.2024 high, wave 1 ended at 195.72 and wave 2 rally ended at 198.25. Pair has resumed lower in wave 3 towards 190.06 as the 30 minutes chart below shows. Wave 4 unfolded as a zigzag Elliott Wave structure. Up from wave 3, wave ((a)) ended at 192.91, wave ((b)) ended at 191.46 and wave ((c)) ended at 193.05. This completed wave 4 in higher degree. Pair has turned lower in wave 5. Down from wave 4, wave (i) ended at 191.21 and wave (ii) ended at 192.4. Wave (iii) lower ended at 189.6 and wave (iv) ended at 190.2. Final leg wave (v) ended at 189.323 which completed wave ((i)) of 5. Pair corrected higher in wave ((ii)) with internal subdivision of a double three. Up from wave ((i)), wave (w) ended at 190.61 and wave (x) ended at 189.87. Final leg wave (y) ended at 192.01 which completed wave ((ii)) in higher degree. Near term, as far as pivot at 193.05 high stays intact, expect pair to extend lower.