PROPC ~ 1D #PROPC This trade is high risk. But if you still have Conviction on the coin,. buy gradually on this support block,. with a minimum target of 20%++
EUR/USD dipped 0.2% on Tuesday, marking its third straight decline as it approaches the key 1.0500 level. The Euro’s recent bullish momentum is fading, with traders shifting to a cautious stance ahead of two major events: US CPI Data (Wednesday): A pivotal release ahead of the Fed's final 2024 meeting. Inflation is expected to tick up to 2.7% YoY (from 2.6%), with core CPI holding steady at 3.3%. Any signs of stalled progress could dash hopes for a third consecutive rate cut on December 18, fueling USD volatility. ECB Rate Decision (Thursday): The ECB is widely anticipated to deliver another quarter-point rate cut. Forecasts suggest the Main Refinancing Operations Rate will be trimmed to 3.15% (from 3.4%), and the Deposit Facility Rate is expected to drop to 3.0% (from 3.25%). EUR/USD Technical Analysis: Entry Opportunity with SMC and Fibonacci Using Smart Money Concepts (SMC) and Fibonacci retracement, the key zone between the 0.71 and 0.79 Fibonacci levels is shaping up as a critical area of interest. Following the creation of a fair value gap at the last high, the price is now testing the 50% Fibonacci level, setting the stage for a potential trade setup. Trade Setup: Entry Point: 1.05520 (aligned with the 0.75 Fibonacci level) Stop Loss: 1.05697 (just above the 0.79 Fibonacci level for added risk protection) Take Profit: 1.04990 (targeting below the fair value gap for optimal risk-to-reward) Risk/Reward Insights: This setup offers a Risk/Reward Ratio of 2.98. By risking 17.7 pips to gain 53 pips, you're maximizing reward relative to risk. Disclaimer: Trading carries significant risks, and it’s essential to practice strict risk management. Always trade with a clear plan, use stop-loss orders, and never risk more than you can afford to lose. This analysis is not financial advice—ensure you understand the risks before making any decisions. Follow for more trading ideas, strategies, and insights to level up your trading game!
Iwm is approaching support on 50 EMA. Expect a violent rebound into the year end with target of $250. Consider debit spread slight out the money of 16 delta debit spread to capture move. Good luck!
Gold prices continue their upward trend, currently trading near $2,702 after a significant rally. The 4-hour chart reveals a strong bullish structure, with the price breaking out of a consolidation zone between $2,666 and $2,651. Key Observations: Gold has reached the 0.618 Fibonacci retracement level at $2,678, confirming its bullish momentum. The next major resistance lies at $2,716. A successful breakout above this level could propel prices toward the 1.618 Fibonacci extension near $2,777. Potential Scenarios: Bullish Continuation: If gold breaks and holds above $2,716, the rally is likely to extend toward $2,777. Pullback Opportunity: A rejection near $2,716 may lead to a retest of the support zone around $2,666–$2,678, offering a potential buying opportunity for traders. Trading Strategy: Buy Zone: Near $2,666–$2,678 on a pullback. Take Profit: Around $2,716 for short-term positions and $2,777 for extended targets. Stop Loss: Below $2,651 to minimize risk.
4hr time frame looks prime for a comeback .43! After words, could be sideways and more downturn. We shall see!
Bank Nifty moments for option and future trading 11/Dec/2024 follow us for more updates information. message us for any stocks related information
Inverse h & break with volume could see 390-400 agin. NASDAQ:MSTR
Based on the H1 chart analysis, we can see that the price is rising toward our sell entry at 2705.51, which is a pullback resistance and a 78.6% Fibonacci Projection. Our take profit will be at 2687.51, a pullback support level. The stop loss will be at 2722.51, a swing resistance level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com/uk): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com/eu): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com/au): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com/au Stratos Global LLC (www.fxcm.com/markets): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
If you haven`t bought BTC before the recent rally: https://www.tradingview.com/chart/idea/ib59SiLW/ Historically, Bitcoin has shown a tendency to retrace in December before starting a recovery around March. This pattern could repeat this season, with BTC facing selling pressure as year-end portfolio rebalancing and macro uncertainties weigh on the market. While a brief Santa Claus rally might provide temporary relief, the bearish trend is expected to dominate until March. By then, BTC could trade below $84K before regaining momentum, aligning with its historical recovery trend as market conditions stabilize in spring.
We caught the whole EURUSD move as per algo level path given yesterday; a move higher to re-test strong level at 1.0564 for a short down to 1.0500 level and a long to 1.0534, all played out to perfection. I said that 1.0500 is a potential low and market bounced from it. Is the lows in? To be honest, based on the current price action on daily, it is not so easy to decipher. It does not look like a bottoming candle. Thus IMO, EURUSD could make another move down to make a new low, but that get bought up to possibly form a reversal candle on daily to be called a bottom. Looking for a rejection off 1.0556 for a move down to 1.0476 for a long.