On November 23, FOREXCOM:EURUSD broke below the critical 1.05 support zone, reaching a low of 1.0336. However, the pair quickly reversed course and has since been trading in a range between 1.0450 and 1.06. A closer look at the price action suggests the pair has established a strong floor and is awaiting a catalyst for an upward reversal. That catalyst could very well come today, with the anticipated Federal Reserve rate cut and subsequent press conference. Given the accumulated market tension, an accelerated move to the upside seems likely. Key Levels to Watch : Support: Any dips below 1.05 should be viewed as buying opportunities, with the potential for a rebound. Resistance: A target around 1.0750 appears realistic in the current context. Invalidation Level: If the price falls back below 1.04, this bullish scenario would be negated.
The correction trend may extend to 1.267 when breaking this zone will soon reach the old bottom around 1.260. The break out resistance zone is still a notable zone today. If breaking this zone, it will confirm the uptrend and head towards 1.278.
Good morning Traders! Improve your trading strategy with our Gold zones. Understand market dynamics and make informed decisions.
Support and Resistance Levels: Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. MA Ribbon (EMA 20, EMA 50, EMA 100, EMA 200) : Above EMA: If the stock price is above the EMA, it suggests a potential uptrend or bullish momentum. Below EMA: If the stock price is below the EMA, it indicates a potential downtrend or bearish momentum. Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set. Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward. Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
the market has been indicating a bullish move now for a while. based on tchnical this trade is taken on the Daily timeframe demand zone, with fundamentaly bullish bias.
How's the Josh Traders?? So, Lets talk about BTCUSDT. Whole world is analyzing BTC! that it will travel towards 200000$ its Purely Correct BTC can Travel towards 200000$ .......... BUT WAIT Lets Do some chart structure and Detail analysis. Always Remember market will always follow the chart structure as per Elliot Waves. and as per Elliot Waves, IMPULSE WAVE 3 HAS BEEN COMPLETED AND MARKET IS HEADING TOWARDS WAVE 4 ( Wave 4 is an corrective wave in Elliot Waves). SO AS PER MY ANALYSIS AND ELLIOT WAVES CHART STRUCTURE WHICH I HAVE CLEARLY DRAWN ON THE CHART, BTC IS READY FOR A GREAT FALL. SO, SELL BTC @ 108,000$-110,000$. SL : 114,000$. TARGET : 75000$. NOTE : THIS LEVEL IS FOR EDUCATIONAL PURPOSE PLEASE REFER TO YOUR FINANCIAL ADVISOR BEFORE TAKING ANY TRADE. HAVE A GOOD DAY TRADERS.
TTD : I have a swing trade setup signal. I'm looking to enter long if the stock can manage to CLOSE above the last candle high(BUY). If triggered, I will then place a stop-loss below (SL) and a price target above it(TP-50%,move SL to breakeven), then using the close below the 10SMA as my trailing stop loss. **Note: The above setups will remain valid until the stock CLOSES BELOW my set stop-loss level(SL).
The cycles have been getting smaller in duration and the meme coin cycle was absolutley insane especially pump.fun which was the "open-sea" of this cycle as far as where everyone was gambling on high risk plays. Many think because ethereum did not break out from ATH we havent started yet but all the economic power was funneled through SOL (solana) this cycle and those coins are not accounted for on the TOTAL mkt cap charts. BE CAREFUL
One is advised to Go long on PTC at current market price band of 155- 162. The Daily and Weekly charts have formed Lower Swing Lows. The RSI also indicated oversold condition on all Time Frame. Also the script has corrected almost 35% from the highs of 246.00. One is advised to go long PTC with SL - 140.00. Target Short term 182.00 & Long Term 200.00
Good morning, traders! As a seasoned price action trader, I'll share my Nasdaq insights to help you improve your trading skills.