retested that demand zone. i should have waited to buy on the retest. will it hit my target??
The U.S. dollar continues to gain ground as the Fed remains firm in slowing down rate cuts. The interest rate differential of 4.5% from the Fed versus 3.15% from the ECB remains a key reason for the market's preference for the U.S. dollar in the short term. Bearish Trend: The trend in favor of the U.S. dollar remains intact since late September 2024. So far, there are no significant breaks above 1.04091 that would threaten the current bearish formation. RSI Divergence : Lower lows in price and higher lows in the RSI indicate a bullish divergence in the short term. This suggests an imbalance in selling pressure and the potential for upward corrections. Monitoring the nearby resistance at 1.0491 is critical for these upcoming oscillations. Key Levels: 1.04091: Nearby resistance that coincides with the bearish trendline. Potential upward corrections may stall at this level. 1.02517: Main short-term support, the lowest level seen in recent months. Breaks below this price could accelerate selling pressure. 1.06031: Key resistance, the December high. Oscillations around this level could jeopardize the current bearish trend. -JP
NSE:IEX Indian Energy Exchange Ltd good for mid term target is 200 ++ rsi=40 trading at support 173 sl- below 155
** high risk, tiny market cap ** On the above 4 day chart price action has corrected 99% since mid 2023. A number of reasons now exist for a bullish outlook, they include: 1) Price action and RSI resistance breakouts. 2) Support on past resistance since October last. 3) Strong positive divergence. Multiple oscillators print positive divergence with price action. 4) Should the monthly candle close as is (below), then a rapid move to the 20 Pounds area followed by a move to 126 should be observed. 5) The forecast to 140 is taken from the top and lower wedge touch points. Is it possible price action falls further? Sure. Is it probable? No. Ww Type: trade Risk: Seriously small position size Timeframe for long: This month Return: 100x Stoploss: N/A Monthly chart https://www.tradingview.com/x/UeeG9aHc/
Market Context: AVAX is retracing in line with the broader market, reaching a key support zone that offers a solid entry point for a long spot trade. Trade Details: Entry Zone: Between $30.50 – $35.00 Take Profit Targets: $40.00 – $45.00 $52.00 – $55.00 Stop Loss: Just below $28.00 This trade takes advantage of the retracement into support, with a favorable risk-to-reward ratio for potential upside momentum. ?
Going long on US Indices on the back of a resilient US economy especially the services sector which is a big part of the US economy. I anticipate higher prices for US Indices even though the upside might be limited unlike the bull run we saw in 2024 since the FED will turn more hawkish. Near term target of 6172 on US500.
This is my strategy, If you need it you can contact me.
PZZA starting to look attractive at current levels. Looking to go long once it breaches the long-term support range highlighted in green. This is not financial advice. Good luck!
US30 continued to fall as expected and will likely continue to consolidate between this area for the week before deciding to go bullish or bearish.
Key Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # Technoprobe SpA Stock Quote - Double Formation * A+ Set Up)) | Completed Survey | Subdivision 1 * 012345 | Wave Count Entry Bias | Short Set Up - Triple Formation * Pattern Confirmation | (Flag Structure) | Subdivision 2 * Numbered Retracement | Downtrend Continuation | Subdivision 3 * Daily Time Frame | Behavioural Settings Condition Active Sessions On Relevant Range & Elemented Probabilities; European Session(Upwards) - US-Session(Downwards) - Asian Session(Ranging) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Sell