risk split 50 50 0.5 R on first trade 0.5 R on second trade cancel higher order once price shows momentum characteristics or reassess later
The GBPJPY showed a 1.24% rise over the past week, the month change is a −1.85% fall, and over the last year it has increased by 7.29%. Track live rate changes on the GBPJPY chart.
The chart structure shows a rising wedge pattern, a bearish formation that signals exhaustion in the current uptrend. This pattern, combined with price action stalling at the highs, indicates that the bulls are losing momentum. Key Observations: 1.) Rising Wedge Breakdown Potential: The price action is forming lower highs and higher lows, aligning with the typical characteristics of a rising wedge. A decisive break below pdVAL (Previous Day Value Area Low) at $28.99 would confirm the bearish momentum. 2.) Bearish Targets: If pdVAL fails as support, we could see a correction towards key confluence zones: First Target: $26.75 — This level aligns with the 0.5 Fibonacci retracement of the entire upward wave and coincides with previous price structure support. Second Target: $26.09 — This level is marked by the pwOpen (Previous Week Open), providing additional support. 3.) Volume Profile: The recent upward move lacked increasing volume, which reinforces the exhaustion narrative. A volume spike on the breakdown would further validate the bearish case. 4.) Support Zones: The key green zone (highlighted) between $26.75 and $26.09 is a strong area of demand, supported by: 0.5 Fibonacci retracement. Previous Weekly Open (pwOpen) and Previous Weekly Value Area Low (pwVAL). Conclusion: Bearish Scenario: A confirmed breakdown of pdVAL ($28.99) could trigger a move towards $26.75, with potential continuation to $26.09. Invalidation: A strong reclaim of pdVAL and a push above the rising wedge's resistance would invalidate the bearish outlook.
TuSimple co-founder and former CEO Xiaodi Hou is on a war path in the lead up to Friday’s annual shareholder meeting that will decide the makeup of the company’s board of directors.  Over the past several weeks, Hou has sued TuSimple for control of his voting rights, demanded the company immediately liquidate and return all […] © 2024 TechCrunch. All rights reserved. For personal use only.
December is here and 2024 is almost over, but not before some of the year’s biggest games launch just in time for the winter doldrums. My console SSDs are already groaning under the weight of all those downloads. How will I find room for another 350GB of games?Read more...
The chart of bitcoin Is giving a Clear WARNING signal . Best of Trades WAVETIMER BTW I AM LONG PUTS IN BITI as of today at 60.8
NASDAQ:HITI -We are still holding onto our support level and turning previous resistance into support. If we dip lower we are going back to $2.81-$3 to officially retest the cup & handle breakout before we head higher. -H5 Indicator is GREEN -Williams Consolidation Box is thriving -9ema is catching up to the stock price -Same thing as before got to wait for the IWM to make it's move higher before we get sustenance.
Loaded some RLCusdt in spot. This is going to start again and go for highs soon when it holds the current area. Sharp Pump Days Ahead. Invalidation clean breaking below 2.4 Note: Not a Financial Advise.
The purple area can act as an entry zone. We consider the stop loss to be 0.6. We consider the first important target to be 2.9, and if it is broken, the way will open for targets above $4. Don't forget to like and boost My Telegram channel : https://t.me/Mr_Signal_2020
After a long downward EURGBP create a break out structure which the sight of trend changing, i spotted a really nice demand area on M55 as shown on the image. the idea is to place a long pending order on the area and take profit target 1:3 RRR (Green Line) with Stop Loss slightly below the demand area (Red Line).. We'll See the updates on the next several days. ~Cut the Losses and let the Profits Run~ Vienmelodic