gpbjpy idea using elliot wave and fib retracement so we will be trading a small retracement then continue with the wave As of December 30, 2024, the GBP/JPY currency pair is exhibiting a bullish trend, according to Elliott Wave analysis. The short-term Elliott Wave sequence from the low on August 5, 2024, indicates a bullish progression, suggesting the potential for further appreciation. ActionForex In this context, the rally from the August 5 low appears to be unfolding as an impulsive wave, characterized by five distinct sub-waves moving in the direction of the prevailing trend. This pattern typically signifies a strong and sustained upward movement. It's important to note that Elliott Wave analysis is inherently interpretative and can vary among analysts. Therefore, it's advisable to consider multiple perspectives and incorporate other technical and fundamental analyses when making trading decisions.
Tradespoon model generated long signal for Tesla ( NASDAQ:TSLA ) with 67% probability to stay above $454.13 today. Predicted range: $454.13–$499.45. Estimated change: +2.52%. NASDAQ:TSLA
Because it is during the Christmas holidays and the volume of transactions is low, but in these days, it is risky to enter
#USOIL.. after a perfect holdings and pull back now market just above his current immediate supporting area that is around 69.90 to 70.20 keep close that region because if market hold it in that case we can expect a further push to higher side. dont short until market hold it ... good luck trade wisely
Here’s a summary of the EUR/USD chart: 1. **Trend Analysis**: - The chart shows an upward channel with clear support and resistance lines. - The price is currently trading near the middle of the channel, suggesting a potential continuation of the bullish momentum. 2. **Moving Averages**: - Several moving averages (20, 50, 100, 200 EMA) are displayed. - The shorter-term EMAs (20 and 50) are starting to slope upwards, aligning with the bullish trend. - The price has broken above the cluster of EMAs, which can indicate bullish strength. 3. **Projection**: - The purple arrow suggests a scenario where the price may continue rising toward the upper channel boundary. - A potential pullback to the support line of the channel is anticipated before another upward push. 4. **Key Levels**: - Resistance: The top boundary of the channel near 1.0500-1.0540. - Support: The lower boundary of the channel near 1.0380-1.0400. 5. **Possible Trade Setup**: - A buy opportunity could arise if the price retraces to the lower boundary or EMA cluster before resuming the upward movement. - Targets could be set near the upper channel resistance (1.0500+). - A break below the channel would invalidate this bullish scenario.
in next 2 years #DXY dollar is too Bullish !! https://www.tradingview.com/x/Q6SG7iFs/
Hello Trader's Your next move is comming for Intraday lover's So chill and wait for this Also comment if you know which pattern is This??
Since the IPO we have had many weekly divers as such on the chart, as of this week we stand at 22 weeks Our MAX weekly divers was 56 Zoon in and go back to see data on the chart !!
USOIL H1 TRADE SETUP: SELL SIGNAL FROM EXTREME ORDER BLOCK! Strategy options: Smart Money Concept ICT Concept Do you agree with this setup? Which strategy do you prefer? Share your thoughts! #USOIL #OilTrading #H1TradeSetup #SellSignal #OrderBlock #SmartMoneyConcept #ICTConcept #TradingStrategy #FinancialMarkets
The analyst believes that the price of { ETHUSD } will decrease in the next 24 hours. This prediction is based on quantitative analysis of the price trend. Please note that the specified take-profit level does not imply a prediction that the price will reach that point. In this framework of analysis and trading, unlike the stop-loss, which is mandatory, setting a take-profit level is optional. Whether the price reaches the take-profit level or not is of no significance, as the results are calculated based on the start and end times. The take-profit level merely indicates the potential maximum price fluctuation within that time frame.