Yello Paradisers ! #TAIKOUSDT is demonstrating impressive resilience amidst the market-wide dump, maintaining its position at critical support levels. Could this be the calm before the storm, signaling a significant move ahead? Let’s break it down. ?#TAIKO has been trading above its crucial support zone for days, forming a stable foundation.This robust base suggests a strong probability of upward momentum. ?The pair recently broke out of a descending trendline, retested it successfully on lower timeframes, and is showing early signs of strength.However, the market structure is still in flux, and a complete shift is yet to occur. ?A pullback to the trendline is possible before any sustained upside move. This would allow the price to gather strength for its next leg up. ?TAIKO is now trading just above the quarterly VWAP, which acts as a strong dynamic support. This adds confluence to the bullish narrative, suggesting that bulls are active and preparing for an upward push. ?Immediate resistance lies at $2.32–$2.39. Once flipped into support, this could pave the way for a push towards the next significant resistance at $2.79–$2.88. ?For the bullish scenario to remain valid, the price must hold above the major support zone. A decisive candle close below this level could signal a shift in momentum and invalidate the upside potential. ?TAIKO's near-term trajectory will depend heavily on how it handles the retests of key support and resistance zones. A breakout above resistance could trigger a strong rally, while failure to hold critical levels might indicate more downside pressure. ?As always, patience and discipline are key. The market rewards those who wait for clear confirmations before taking action. Will TAIKO achieve a bullish structure shift and outperform the market? Time will tell, but the signs are promising. Consistency, patience, and strategic execution are the keys to long-term success. Remember, Paradisers, trading is a game of probabilities, not guarantees. Stay disciplined, and let the market come to you. Always wait for the best setups. MyCryptoParadise iFeel the success?
The cup handle pattern can work for $BINANCE:IOUSDT.
buy baba at $85-$80 zone take profit 1 - $90.00 take profit 2 - $95.00 take profit 2 - $100.00
If you took this trade with me, congratulations to you. It was an 80pips trade, all market conditions indicated the bulls will keep urging on. I closed half the trade manually and continued running the rest at no risk, though i was convinced it will my initial target
USDT.D drop to 4.14% after that move to above OR drop to 3.73% and we see move to above 4.14% 3.73%
After 9 years RIL- Reliance is ending the year with -ve gains for the year! A slight concern, or a possible opportunity?
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As we approach Christmas Eve, it's important to note the shortened trading hours in the US. The stock market will close early at 1 PM, while the US bond market will close at 2 PM. Currency Market Overview The USD is showing a mixed performance against major currencies: EUR: +0.12% JPY: -0.04% GBP: -0.15% CHF: +0.18% CAD: +0.32% AUD: +0.27% NZD: +0.23% US Stock Market Snapshot US stocks are mixed following yesterday's rise: Dow: -25 points S&P: +6.05 points Nasdaq: +43 points US Debt Market Yields have shown marginal changes: 2-year: 4.353%, up 0.3 bps 5-year: 4.454%, up 0.9 bps 10-year: 4.606%, up 0.8 bps 30-year: 4.796%, up 1.3 bps Global Economic Updates Reserve Bank of Australia (RBA) The RBA released its minutes, noting that its policy remains "sufficiently restrictive" to address inflation concerns. Despite gaining confidence that inflation has eased, risks persist. The board highlighted the importance of not prematurely easing policies and acknowledged that if economic growth strengthens, a prolonged delay in rate adjustments might be necessary. Updated forecasts for inflation and growth will be published in February. Japan's Finance Minister Finance Minister Kato emphasized the importance of ensuring currency stability to reflect economic fundamentals, particularly in light of recent sharp foreign exchange movements. He stated that the government would maintain close communication with overseas authorities on forex policies and was prepared to take decisive action against excessive volatility. European Central Bank (ECB) ECB's Vujčić reiterated that interest rate adjustments would continue as long as data align with projections, emphasizing the central bank's data-dependent approach. He refrained from specifying the exact level at which the ECB might halt rate hikes, underscoring the uncertainty tied to future economic conditions. US Economic Data The Richmond Fed index will be released at 10 AM ET, with expectations at -10 versus -14 last month. The US Treasury will auction 5-year notes at 1 PM. Yesterday, the Treasury auctioned 2-year notes with a 0.1 bp tail and a bid to cover ratio of 2.73X versus the 6-month average of 2.68X. Domestic buyers were very light at 6.7% versus the average of 19.5%, but international buyers showed up, taking 82.1%, well above the average of 68.1%. Technical Analysis EUR/USD The EUR/USD is trading around its 100-hour moving average (MA) at 1.0403, a key short-term barometer for buyers and sellers. A move above this level could signal a more bullish trend, while staying below it would indicate that sellers are in firm control. USD/JPY The USD/JPY remains in a narrow trading range, currently at 157.12. The rising 100-hour MA at 156.42 is quickly approaching, which will be an important level to watch. Key levels include the high from November at 156.739 and the low from yesterday at 155.94. GBP/USD The GBP/USD is stretching higher, moving closer to the falling 100-hour MA at 1.2563. Breaking above this level would target a swing area between 1.2596 and 1.26147, followed by the 200-hour MA at 1.26201. Season's Greetings from OakleyJM As we approach this festive season, I wanted to extend my warmest wishes to all my followers. May your Christmas be filled with joy, and may the New Year bring you prosperity and success in your trading endeavours.. Navigating the markets during the holidays can be challenging due to reduced liquidity, unexpected volatility, and market closures. Here are a few tips to help you prepare: Plan Ahead: Be aware of trading schedules and adjust your plans accordingly. Manage Risk: Use tighter stop-loss orders and reduce position sizes. Stay Informed: Keep up with the latest news and economic data releases. Use Limit Orders: Ensure you get the price you want despite wider bid-ask spreads. Focus on Liquidity: Trade assets with higher liquidity, such as major currency pairs or blue-chip stocks. Review Your Strategy: Analyse your performance and set goals for the upcoming year. Wishing you a Merry Christmas and a prosperous New Year! Warm regards, OakleyJM.
EURJPY is moving in an UP trend channel. The chart broke through the dynamic Resistance line, which now acts as support. We expect a decline in the channel after testing the current level which suggests that the price will continue to rise Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great BUY opportunity EURJPY I still did my best and this is the most likely count for me at the moment. ------------------- Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad
BINANCE:SOLUSDT is showing signs of a bullish reversal backed by the Momentum Reversal Indicator (MRI), along with key technical levels derived from daily, weekly, and monthly charts. This trade setup leverages trendline analysis, Fibonacci retracements, and RSI confirmation to identify an actionable swing long opportunity. BINANCE:SOLUSDT Key Levels and Signals Entry Point: Above $195 upon confirmation of a price flip (Green 2 > Green 1 on the daily chart). Stop-Loss: Below the recent swing low of $180 . Take-Profit: Target $228.95 , the TI Setup Trend Resistance level. Risk-Reward Ratio: At least 1:2 , aligning with standard risk management practices. Technical Analysis 1. MRI Signal Overview A recent Non-Perfect Red 9 was detected on the daily chart, signaling potential trend exhaustion of the bearish movement. MRI countdowns confirm that bearish momentum is nearing a conclusion, paving the way for bullish price action. 2. Support and Resistance Support Level: Recent swing low at $180 , which aligns with local demand zones and key Fibonacci retracement levels. Resistance Level: $228.95 , identified as the TI Setup Trend Resistance on the daily chart, acting as a natural take-profit target. 3. Confirmation Indicators RSI: Look for oversold conditions ( Green 1). Stop-Loss: Place below the swing low of $180 to manage risk. Take-Profit: Target the next resistance level at $228.95 , where price may face selling pressure. Trailing Stop-Loss: Use a trailing stop to lock in profits as price moves favorably. Risk Management This trade offers a well-defined risk-reward ratio with clear stop-loss and take-profit levels. Ensure that your total risk does not exceed your portfolio's limits, and adjust position sizing accordingly. Conclusion SOLUSDT presents an exciting swing trade opportunity with favorable bullish signals and technical setups. Watch for confirmation before entering, and be prepared to capitalize on this potential reversal. ? Let me know your thoughts or if you see additional confluences! ? ? Disclaimer: This idea is for educational purposes only. Always conduct your own analysis before making any financial decisions.