RSI shows over bought but Stoch still shows momentum might be a good time to take profits.
Our previous trade on this pair was 100+ pips successfully We plan to sell around 160.60, as we see signs of a double top on the 4-hour chart and a continuing downtrend. Although a small bounce or correction may occur, we expect gains to be limited due to Ichimoku cloud resistance. If the price breaks below 159.57, which is our initial target, we see further downside toward 156.80, offering a potential move of about 400 pips. Fundamentally, the possibility of a Bank of Japan rate hike supports the idea of Japanese Yen strength, adding more weight to a downward move in EUR/JPY. Key Support Levels: 159.57 156.80
#Bitcoin has had a solid run after breaking out of the pennant with no retest yet. Earlier than expected sooner than hoped. For now it looks strong and positive and we expect that we can go up for quite some time. The only thing I would like to be careful with is that where I expect that we would only go up after Trump's inauguration, we will now do that in advance. Does this mean that we will get a kind of buy the rumors sell news and that we can then expect a retest. So far bulls in power and still targeting 133k minimum! Be kind to the world and each other
EURGBP is almost overbought on its 1D technical outlook (RSI = 68.286, MACD = 0.003, ADX = 49.271) as it crossed over the 1D MA200 and almost touched the top of the short term Channel Down. This is a solid first entry for a short, the second being under the 1W MA200 near the dashed trendline of the long term Channel Down. Target the 0.786 Fibonacci retracement level (TP = 0.82800). See how our prior idea has worked out: https://www.tradingview.com/chart/EURGBP/41HaFWRH-EURGBP-Channel-Down-and-1D-MA50-rejection-pushing-it-lower/ ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
year long accumulation within a bullish pennant, wouldn't be surprised to see a breakout to the up side similar to the one in feb 2024
If the structure, for the near term, truly turns bullish (higher lows), we might be looking out of a move back into G-Fund mid-late February.
https://www.tradingview.com/x/7vuxKxD5/ Market open Sunday will likely give clues as to wether gold will continue to payout into near all time highs, or reject off of 2760 again and correct back downward. If price closes above 2760, considering the upward trend close enough to the price to make a safe long entry.
I believe there is a good chance bitcoin puts in its next leg up. If so, it has the potential to pull MSTR up at an even greater rate. My main target is $650, but I do believe it'll surpass that.
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