Butterfly Harmonic patter visible, with bullish divergence. Broken its last LH High chances of a bull rally.
It looks like we will experience at least an 8% price correction.
Nifty may go up from here. We can consider taking a buy position with a small stop-loss (SL).
Cryptocurrencies have been racking up gains ever since Donald Trump won the U.S. presidential election—but one token stands head and shoulders above the rest. XRP XRPUSD -0.63% , used by tech company Ripple Labs to facilitate and settle transactions across its digital-payments platform, has soared nearly 400% since Nov. 5, according to data from Kraken. On Thursday, it was trading flat at $2.43. The surge has made XRP the third-largest crypto in terms of total valuation, per data from CoinMarketCap, behind only Bitcoin BTCUSD +0.20% and Ethereum ETHUSD +1.56% , up 45% and 62% respectively over the same period.
price is finding support in a series of candles forming a h4 breaker on the left side, we can see it forms a manipulation leg lower at the end of the afternoon session closing below the breaker bodies, but then gapping up on new day open. looking up, we can see a h1 imbalance that was never touched, and a series of relative equal highs. fridays are often bullish, and with no news we dont expect a huge move. so looking for price to go up with the 2am gbp gdp and than start is judas swing lower at 3am trapping everyone long. then since there is nothing going on, it can chop around for a while only to go up again and dump at 930 even lower. at this point, its free to spend the rest of the day in a high resistance run up to the equal highs and large imbalance around 6088. using a standard deviation of 3 off the h1 cisd takes you above afternoon highs, and to the top of a series of candle bodies forming rejection block, which could provide further retracement. you could long the asia high which is also a breaker, if it manipulates down there at 930am with your stop at the new day gap low targetting 6088
GBP/NZD 4H Timeframe Analysis Trend Analysis: In the 4H timeframe, the GBP/NZD pair is currently in an uptrend, characterized by the formation of higher highs and higher lows. Recently, the price broke through the minor key resistance level at 2.2000, indicating strong buying interest and accumulation of buy orders. However, the price subsequently retraced and broke below this minor key resistance, leading to a manipulation phase that likely liquidated many buyer stop-loss positions. Despite this pullback, liquidity has already formed in the market, and we anticipate the potential for additional liquidity to develop within the liquidity zone. Our primary objective now is to wait for the price to move upward again, aiming for a breakout above the 2.2000 level. Price Action Expectation: We expect that if the price successfully breaks above the minor key resistance at 2.2000, it will signal renewed buying momentum. To capitalize on this potential breakout, we will place a buy stop order just above the resistance level. Trade Setup: Trade Type: Buy Stop Entry Price: 2.20030 (just above the minor key resistance) Stop Loss: 2.19230 (positioned below the liquidity zone to protect against adverse movements) Take Profit: 2.21890 (targeting the next minor key resistance level) Fundamental outlook: Impact on GBP/NZD: The UK GDP m/m data is a crucial economic indicator that reflects the overall economic health of the UK. A stronger-than-expected GDP growth can lead to increased confidence in the British economy, potentially strengthening the GBP against other currencies, including the NZD. Conversely, a weaker GDP figure may lead to a depreciation of the GBP. Positive GDP Growth: If the GDP m/m shows an increase, it may reinforce the bullish sentiment for GBP/NZD, supporting the anticipated breakout above 2.2000. Negative GDP Growth: A decline in GDP could lead to bearish pressure on the GBP, which may hinder the price from breaking above the resistance level and could lead to further downside movement. https://www.tradingview.com/x/l7YD8Vq4/
Yesterday, we saw significant fluctuations in EURUSD after the ECB lowered interest rates. The focus now shifts to the FED's decision next Wednesday, which will be crucial. Until then, the sideways movement we’re currently seeing may continue. Key support levels to watch are 1,0445 and 1,0400!
LUMIAUSDT is currently displaying a rounding bottom formation, a bullish technical pattern that suggests potential upward momentum. The price has successfully broken above the neckline and retraced to establish solid support in the neckline area. This pullback provides an opportunity to focus on the buy-back zone for long positions. The final target for this setup has been detailed in the accompanying chart. We welcome your insights on this project, feel free to share your thoughts in the comments. Thank you.
https://www.tradingview.com/x/DJvDyDth/ I see one more breakout trading setup. GBPCHF has recently violated a significant daily/intraday horizontal resistance. Retesting that, the price formed a cup & handle pattern. Its neckline breakout is a strong bullish signal. The price may go up today and reach at least 1.1322 level. ❤️Please, support my work with like, thank you!❤️
1. Instrument Identification Instrument: ONDO Finance / USD (OND/USDT) from Coinbase. Time Frame: Daily chart (1D). 2. Trend Analysis Current Trend: Strong uptrend, indicated by: Recent Break of Structure (BoS) to the upside. Higher highs (HH) and higher lows (HL) forming. Significant bullish momentum with strong impulsive candles, suggesting institutional order flow is favoring upward movement. 3. Key Levels Key areas based on the SMC/ICT framework: Premium and Discount Zones: Premium Zone: Above the equilibrium (1.949), identified as a high-probability reversal or selling zone. Discount Zone: Below the equilibrium (1.113), considered optimal for buying in line with the bullish trend. Resistance Levels: Previous Day's High (PDH): Around 1.949, where liquidity might be resting. Weak High: This high is likely to be taken out, as the trend indicates strength to the upside. Support Levels: Previous Week Low (PWL) and equilibrium around 1.113 serve as a demand zone and retracement target if price revisits lower levels. Change of Character (ChoCh): Bullish ChoCh confirmed as price broke above the previous significant swing highs, signaling a shift to a bullish structure. Liquidity Pools: Buy-side liquidity is likely above the weak highs, making the PDH a magnet for price. Sell-side liquidity exists below the PDL and the previous swing lows. 4. Actionable Recommendation Recommendation: Buy on Pullbacks (Bullish Bias) Justification: The price has broken structure to the upside (BoS), indicating institutional buying pressure. The equilibrium and 0.618 Fibonacci retracement levels (1.113) are in confluence with a bullish order block. Weak highs above PDH suggest liquidity resting there, making them a logical target for the bullish move. Entry Strategy: Look for a retracement to the discount zone (around 1.275–1.113) or a reaction at the equilibrium. Confirm entry with bullish rejection patterns or lower-timeframe breaks of structure aligning with the daily trend. Take Profit (TP): TP1: 1.949 (Premium Zone and PDH). TP2: 2.315 (-0.272 Fibonacci extension). Stop Loss (SL): Below the swing low or invalidation zone at 1.113. Alternative Play (If you want immediate action): If the price breaks above the PDH (1.949) and shows strong momentum, consider a momentum breakout trade with tight risk management.