pattern forming a head and shoulders likely to play out soon on bonk
Alright Guys I Was About to drop all my short positions , but after looking at the bigger picture i can't!!! Its a short for me.. Be advised with the New Narrative Trend That's Out Right now with my Content, First Price Target For spy will be 600 and 2nd Target will be 595!!! 1st short target SPY $600 2nd short target SPY $595 QQQ 1st short target $520 QQQ 2nd short target $514 and always goodluck traders and Happy Holidays
I am expecting nifty to have a sideways expiry within this range .A direction move could be expected once the levels are breached . good luck guys !!
? **Block ( NYSE:SQ ) Weekly Chart Breakout!** ? Block's weekly chart signals a bullish breakout, hinting at potential upside momentum. Watch for confirmation as key resistance turns to support. Eyes on the next price targets! ? #SPX500 AMEX:SPY NASDAQ:QQQ #BITCOIN #CRYPTO
Gold Spot (XAU/USD) – 30-Minute Time Frame Analysis Market Context: The price is currently retesting a potential support level around 2,707, following a retracement from a recent high. This level might act as a pivot for possible bullish activity, suggesting a scenario where the price could move upward. Key Observations: Support Zone at 2,707: The price is hovering around 2,707, which could act as a significant support zone. Potential Upside Scenario: If the price holds above 2,707, there is a possibility of a move toward 2,705, which could serve as a short-term target. Invalidation Level: If the price drops below 2,700, this setup may be invalidated, and further downside movement could occur. Risk Management Reminder: Making no money is still better than losing money. Always prioritize protecting your capital over taking impulsive trades. Hypothetical Trade Setup: Potential Long Case: If the price holds above 2,707, the next level to watch could be around 2,705. Invalidation Zone: A move below 2,700 would render this setup invalid. Final Notes: This is a technical observation based on the 30-minute time frame. Please interpret this as an analysis of possible market scenarios rather than financial advice. Trade smart, protect your capital, and avoid impulsive or revenge trading.
To reach the upper lines and break this green box, it must break the two red boxes. Check for buys at the blue dots.
USD/CAD 4hr Timeframe Analysis Trend Analysis: In the 4H timeframe, USD/CAD is in a strong uptrend, creating higher highs and lows. The price has broken through two minor key resistance levels, demonstrating its bullish momentum. Key Observations: The price has retested the previous resistance level, which has now become a minor support zone. After retesting, the price moved up again, creating a new high and starting to accumulate buy orders above the highest key resistance level at 1.41600. The price has now entered the manipulation stage, where it is likely to attract more buyers and create a liquidity zone. Price Action Expectation: Our objective is to wait for the price to return to the key resistance level and break out again. We expect the price to continue its upward momentum and reach new highs. Trade Setup: Buy Stop Entry: 1.41660 (above the highest key resistance level) Stop Loss: 1.41320 (below the liquidity zone) Take Profit: 1.42680 (next minor key resistance) Fundamental Analysis The broader market sentiment remains on balance after the US CPI inflation figures matched market expectations on Wednesday. The US Consumer Price Index (CPI) rose to 2.7% year-over-year in November from 2.6% in October, meeting market expectations. The headline CPI reported a 0.3% reading MoM, in line with the market consensus. Meanwhile, the core CPI, excluding volatile food and energy prices, climbed 3.3% YoY, while the core CPI increased 0.3% MoM in November, as expected.
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OANDA:AUDCAD Audcad is in bearish trend , possible short opportunity.broke stracture to the downside.
looking for a buy around here, if it continues the bullish momentum. we will follow the same strategy on 50-70 pips running profit book partial and SL will be at BE