GBPUSD completed a major ending diagonal. We will be looking for bullish price action as well as confirmations such as trendline break or BOS can be used to gain an entry. Looking to catch over 1000+ pips. Trade safe!
Although Bitcoin is rising and renewing new highs, I am keeping an eye on the alts, as many of them can provide excellent swing trading opportunities, such as OMNI, which can retrace to an important support zone and provide an excellent opportunity with a very advantageous risk/return ratio. I will be opening a trade in OMNI if it creates a trap at support or if in shorter time frames such as 1h it creates a reversal pattern.
NASDAQ:RGTI appears to be breaking out of a bullish flag with ~$14 Price Target (PT). Awaiting confirmation on volume, but 100M shares have traded 2 hours into the trading day, which matches recent daily volume. Long story short... looks like there's going to be a lot of volume today. As I get closer to the PT, I'll set up a trailing stop to help maximize profits/minimize loss. Good luck!
#TAQA created a bullish Gartley pattern at time frame 1 hour entry level around 12.81 stop loss 12.65 up to 12.60 first target at 13.20 second target 13.20 up to 13.50 NOTE : this data according to time frame 1 hour note : there is anther bullish Gartley pattern at time frame 1 day giving higher targets up to 14.00 Its not an advice for investing only my vision according to the data on chart Please consult your account manager before investing Thanks and good luck
“Risk management is more important than being right.” – Ray Dalio In trading and investing, always wanting to be right can lead to impulsive decisions and significant losses. It’s not your ego, but your ability to protect your capital that determines your long-term success. Risk management is like a shield: it allows you to stay in the game, even when the market goes against your predictions. Being a good trader doesn’t mean always predicting the market correctly, but knowing how to limit the damage when you're wrong. By adopting a disciplined approach to risk, you create an environment where mistakes are not failures, but learning opportunities. Remember, the goal is not always to win, but to stay in position to win tomorrow.
Bitcoin is in an ascending channel on the daily time frame. Given the proximity of Christmas, it could have a correction market. In the first scenario, a correction to the $80,000 range for me.In the bullish scenario, by breaking through the $108,000 to $110,000 level, we could continue to rise to $120,000,
It's been a fantastic move lower, but is 0.6400 a spot for a reversal? Nothing fundamental is serving as a catalyst for moving the pair in any direction for the rest of the year. Trend: LSMA moving lower since 10/21/24 Momentum: Bearish Japanese Candles: Inverted Hammer (imperfect) printed last week. Is this the bottom? Chart Pattern: None Support and Resistance: 0.6400 is Support, 0.6750 is a Bullish Target, 0.6200 is a Bearish Target Fundamentals: No news this week or next Trade: None Stop: None
GBPUSD , has done what i expected it to do. I wanted it to break structure . and retrace to fill up the FVG(imbalance), So the Bulls can have a 61.8% discount price to enter. Its a perfect entry moment . Entry, Take Profit and Stop loss are clearly marked out on the Chat. GOOD LUCK GUYS!
AVAX is among the leader coins with a strong community. There's a possible bullish Cup & Handle pattern that would be in action if the price passes $65.4 (the confirmation). Breaking $22.6 invalidates the idea (the stop-loss). If the confirmation is passed then the ATH would be the target.
The British pound has moved higher on Monday, after declining 1% last week. In the European session, GBP/USD is trading at 1.2747, up 0.30% on the day. The UK Services PMI rose to 51.4 in December, up from 50.8 in November, which was a 13-month low. This beat the market estimate of 51.0, but points to weak business activity as demand for UK exports has been weak and confidence among services providers remains subdued. UK manufacturing is mired in a depression, and the PMI fell to 47.3 in December, down from 48.0 in November and shy of the market estimate of 48.2. This marked the lowest level in eleven months, as production and new orders showed an accelerated decrease. The weak PMI data followed Friday's GDP report, which showed a 0.1% decline for a second straight month in October. This missed the market estimate of 0.1%. GDP rose just 0.1% in the three months to October. The UK releases employment and wage growth numbers on Tuesday. The economy is projected to have lost 12 thousand jobs in the three months to October, after a sparking 200 thousand gain in the previous report. Wages including bonuses is expected to climb to 5% from 4.8%. The Bank of England meets on Thursday and is expected to hold the cash rate at 4.75% after cutting rates by 25 basis points in November. The economy could use another rate cut but inflation remains a risk to upside, with CPI climbing in October to 2.3% from 1.7%. The BoE will be keeping a close eye on wage growth, which has been a driver of inflation. The US releases PMIs later today. Manufacturing remained in contraction territory in November at an upwardly revised 49.7 and there is optimism that the new Trump administration's protectionist stance could benefit US manufacturers. The services sector is in good shape and improved in November to 56.1, up from 55.0 in October. The uncertainty ahead of the US election is over and lower interest rates have contributed to stronger expansion in services. GBP/USD is testing resistance at 1.2638. The next resistance line is 1.2668 1.2592 and 1.2562 are the next support levels