Here we have the 2week chart of GBPAUD. Wave A = 5 wave Leading diagonal. Wave B = Complex WXY correction (3x3x3) Wave C = Expecting 5 Waves We are currently on final part of Wave B. As mentioned above, Wave B is a WXY correction so each part has 3 subwaves. We are in Wave Y, subwave B. We believe the top has been made for wave subwave B and so we can look to trade the minor wave c (red move) with stops above the current highs. GBPAUD 2D Chart https://www.tradingview.com/x/lSGO0FlG/ Trade Idea (Red Move): - Risk entry on market open - Stops above invalidation level - Targets: 1.915 (800pips), 1.86 (1400pips) Once the red move is done, we can focus on the blue move. Goodluck and as always, trade safe!
With a remarkable inverted head-and-shoulders pattern on the weekly timeframe, coupled with a breakout confirmed by a high-volume candle & significant volume was detected during the final stages of the accumulation phase on the 4-hour timeframe, The price has successfully stabilized above the resistance level it recently broke, TP1 : 56 TP2 : 60 TP3 : 65 SL : 42.6
Bullish Rectahgle Breakout Projected Taregt Completed Bearish Divergence Formation Correction with RSI syncing Expected Caution on taking long positions
FX:GBPUSD Comprehensive analysis of the GBP/USD pair. On the 1h TF you can see that the market is turning and we are starting an UP trend. We are now in the area of support, fibbo level and EMA.
First, looking at daily closing and H4, i am expecting selling pressure as Asia session starts. watch out for rebound on the area around 2605 - ensure to only enter if there is confirmation of buying based on chart pattern. first support area : 2616 2nd support : 2605 max rebound area : 2597 remember to monitor lower TF as possibility to go further to 2597 is also there.
#ICID time frame 15m created a bullish Gartley pattern entry level at 3.60 to 3.58 stop loss 3.58 first target at 3.66 second target 3.70 up to 3.75 NOTE : this data according to time frame 15m 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
https://www.tradingview.com/x/TDZ8we0T/ As always, we like to keep it clean and simple, with technicals and analysis that's easy to see and understand. Let's get into it: AMZN could see a modest correction this December. It's at an all time high, and well into two Wave 5 sequences on the 4h. It's also overbought on an least two oscillators. We see a 5%+ correction to the $215 price range in the coming 3-4 days . SUPPORTING OBSERVATIONS: Recent Rapid Stock Appreciation: AMZN has seen a significant rise, gaining 14.1% since November 29, 2024. Such swift increases can lead to overvaluation, prompting investors to take profits, supporting the reversal to $215. Seasonal Competitive Pressures: Ho ho ho. The holiday season intensifies competition, often leading to increased discounting and promotional activities. This can compress profit margins, potentially impacting Amazon's financial performance and investor sentiment. Investment in New Ventures: Amazon's substantial investment in initiatives like Project Kuiper, its satellite internet project, involves significant capital expenditure. While promising long-term, these ventures may pressure short-term profitability, causing some investors to reassess their positions. Be alert. Trade green.
4 trend lines tested or broken, up to the current top. look for the 6.18's in price discovery at least the 3.618 is in the cards I see a 20 bill mcap?? market is hot watch for pull back
Reason: Market bullish on weekly, daily, 4hr and recently shifted bullish on the 1hr so most tf in sync. 15 minute tf also bullish. I wasn't paying attention early as I anticipate he pullback would take a little longer, though I think there's still a good chance it will wick back down before 1pm. And tps are likely to get hit within a few hrs Just entered, was writing the above when price came to entry
Despite NFP events, gold was still trading in ranges (2620-2650) without any break out. My view on gold in weekly TF is still bearish. 2D and D is also bearish. I expect heavy drop is coming on Monday. But probably with an initial surge on Asia session first. Let's be patient and wait for clear signal to sell.