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
Stop Loss (SL): $1.38 (white line, key support level). Entry: Around $1.45 (yellow line, breakout area). Target 1 (T1): $1.54 (red line, conservative target). Target 2 (T2): $1.66 (green line, aggressive target).
The price has recently broken out of a downtrend channel, indicating a potential bullish trend, supported by increased trading volume. Traders might consider entering a long position above $10.20, targeting $15.00, $20.00, and $25.00, with a stop loss around $8.00. Monitoring key levels is essential for managing risk and navigating the trend.
Hahah no no it aint going to to 75k but marked stances as i drewww and i think it needs to stay apart. OKay? okay????
The GBPAUD chart showcases intriguing price action with a potential bearish setup. Following the raid on higher time frame (HTF) buyside liquidity (weekly), price has displaced lower, signaling a short-term bearish bias. On the daily timeframe, price has formed a high-probability FVG after raiding a short-term low. This FVG becomes a key level to watch: -Scenario 1: If price respects the FVG, expect continuation to the downside, targeting sell-side liquidity levels at 1.98994 and 1.97929. -Scenario 2: If the FVG is disrespected and used as an Inverse Fair Value Gap (IFVG), anticipate a bullish reversal, potentially pushing price higher. Conclusion: Short-term bearish bias targeting sell-side liquidity zones. Monitor the FVG closely for confirmation or invalidation. DYOR!
My Plan for Tuesday Morning (1/7): I’m targeting a potential 700+ tick trade. The 400 tick dump back to morning open structure was an eye opener, and with high-impact news scheduled for 9 AM, I’m anticipating it will drive the market further down toward its respected price 42,511 . Let’s see how it plays out! After chatting with @Dow_Jones_Maestro I’ve realized that my strong bullish idea is likely off the mark, which means the selling pressure might not be over yet. Be sure to check out his most recent idea—it’s packed with valuable insights: https://www.tradingview.com/chart/YM1!/WYlxSdvc-Bearish-Pullback-Range-Before-Another-Leg-Down-12-Correction/
Please check the levels on the chart: 23630-23690 is the neutral zone. If the price moves above the orange zone, it may reach the red zone. The green zone acts as strong support.
Directions marked and rocked and loaded to the extension. You can do two things. 1. Wait for the purple arrow 2. again see the another purple arrow, wait! both colors are same? Why not see and understand directions?
Here's a summary of your trade plan for BTC/USD: Trade Plan 1. Target: $99,500 2. Entry Point: $101,700 3. Stop Loss: $102,300 Your plan indicates a bearish outlook, expecting the Bitcoin price to drop from the entry point to the target. Key Considerations 1. Risk Management: Ensure you're managing risk with proper position sizing. 2. Market Conditions: Monitor market conditions, including economic indicators, regulatory updates, and technical analysis. 3. Trade Adjustment: Be prepared to adjust your trade plan if market conditions change. Would you like me to provide current BTC/USD market data, analysis, or insights?
https://www.tradingview.com/x/KnsbLEp4/ It looks like ETH is going to continue growing. I see a strong bullish signal on a daily: a breakout of a neckline of an ascending triangle pattern. Next resistances: 3790 / 4000 ❤️Please, support my work with like, thank you!❤️