A Look at the Bigger Picture The GBPAUD pair is presenting a fascinating long-term structure, characterized by clear phases of liquidity hunts and trend shifts. Here's an in-depth breakdown: Key Zones and Observations: Historical Expansion Price has demonstrated a multi-decade bullish structure, with clear wave movements leading into critical highs. The pair reached an apex (marked as (5)) with significant buy-side liquidity swept in the process. The BOS (Break of Structure) at internal levels suggests prior demand zones being invalidated. Liquidity Traps Inducement Zone: A false breakout led to retail trader traps near the highs. This liquidity sweep marked the transition to a corrective phase. Sell-Side SSL (Stop Loss Level): A key area where sell-side liquidity resides, forming a pivotal zone in the 12M timeframe. Corrective Wave Movements After peaking, the pair entered a corrective (W)-(X)-(Y) structure. This phase displays a clear bearish retracement targeting unmitigated liquidity zones below. Current price hovers around equilibrium levels, with significant attention at the 50% retracement level (1.51960). Low-Resistance Run (LRR) The price has efficiently moved through a low-resistance range (LRR), targeting deeper liquidity pools around (1.03333) and 0.65039, highlighting potential continuation zones. Strategic Implications: Buyers: While the long-term trend is currently bearish, equilibrium zones and deeply discounted levels provide a potential buying opportunity in line with long-term wave structures. Sellers: With liquidity beneath unmitigated zones like 1.16097, further downside to test deeper supports around 0.65039 remains plausible. Future Projection: As the price approaches the final corrective waves in the broader (W)-(X)-(Y) formation, the focus will shift to the interaction at key demand zones. Long-term reaccumulation is likely as deep liquidity pockets are targeted. ? Are you ready to ride the next big GBPAUD move?
https://www.tradingview.com/x/VR1P4pBw/ Take a look at our analysis for GBPJPY. Time Frame: 1h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 190.691. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 191.152 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
Waiting for Pepe to retrace in the current flag. watching these levels to see a reaction for a possible long entry. Keep an eye on BTC as well as it's currently looking to retrace as well. If BTC looks like bouncing could be an ideal entry point for Pepe too.
https://www.tradingview.com/x/tNlxWP6S/ Please, check our technical outlook for GBPCAD. Time Frame: 45m Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 1.783. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 1.780 level. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
Monster is waking up. With the Partnerships they have, it should go straight to 10$.
Nifty after making a new high is in volatile consolidation and correction mode. FIIs are selling big on every rally and DIIs and Retail are seeing this opportunity to consolidate their position in Indian market. Amidst all the volatility Nifty managed to close the month at 24131. Every investor is seeking answer to one question which when will FII return to Indian market. There are too answers to this. Simple answer is they will return eventually sooner rather than later. A more based answer is that when opportunity to earn more return elsewhere will diminish and there will be sort of global stability. Right now Ukraine and Russia conflict has opened another chapter of uncertainties. Stimulus package from China to stabilize its economy is also in an ongoing phase. Iran and Israel conflict is also contributed to environment of global uncertainties. On the other hand Maharashtra Election result has tried or is trying its best to comfort DII and retail investors. Bond yield in US and surge in crypto post US election and China stimulus has provided a temporary oppenturnity for FIIs to make big money elsewhere. These are the Macro and Micro economic changes which led to FIIs searching better greener pastures elsewhere. Thus when the dust settles a bit and Indian companies again start giving attractive Q on Q results, FIIs will come back. Results this quarter from India Inc in a traditionally weaker Quarter were a little below par. GDP growth was seen at 5.4% which is again slightly below par which can send Nifty into further consolidation mode. So there will be recovery from here but pointing out the timeline is a tough call even for seasoned economists. Now coming to the Technical chart, Support and resistance levels. We can not say for sure if the bottom has already been made when earlier this month which was 23263 was the exact bottom or not but it will be an important level going below which we can see free fall in Nifty. So that will be a level to watch. On Daily candlestick chart there is currently a Cup shaped recovery in progress. There are clear trend lines suggesting that top of the channel is somewhere between 28K or 30K in the long run. Base support of the trend line includes 23263 hence that level is of prime importance. Mother line major resistance going forward will be 24367. Father Line major support will be at 23572. Supports for Nifty remain at: 23890, 23263 to 23230 zone, 22783, 22369, 21845 and 21310. Resistances for Nifty Remain at: Zone between 24367 to 24570, 25214, 25653 and 26277. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. ?ETH has been bullish trading within the rising channel in red. Currently, ETH is approaching the lower bound of the channel. Moreover, the level marked in green is a strong round number $3,500. ? Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the round number and lower trendline acting as non-horizontal support. ? As per my trading style: As #ETH approaches the blue circle, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) ? Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
#FIL LSE:FIL Filecoin is challenging a multi-year descending triangle on the weekly chart? Break above the descending resistance could trigger significant upward price move? Potential long-term target could reach up to $70 on successful breakout?
BINANCE:BTCUSD after a strong rally is consolidating without the possibility to form a deep correction, which indicates that the coin is ready to update the highs and go higher, for example, to 100-105-110K. https://www.tradingview.com/x/KgXrFgHU/ Despite the fact that bitcoin is losing its dominance in the market and it is possible to say that the alt season is open, the flagship of the cryptocurrency market has a huge potential to continue the rally. At the very least, the market is interested in reaching 100K, from which we are one step away. Fundamentally: whales continue to accumulate the asset, buying up at every opportunity. Trump with his policies on cryptocurrencies is still a strong driver for the flagship and the cryptocurrency market as a whole... Technically: The recent local correction is just a trap to gather liquidity before further growth. Pullbacks are now attracting large institutional buyers https://www.tradingview.com/chart/BTCUSD/UoVJHGOd-BITCOIN-Bullish-run-to-100-000-When-s-the-correction/ Resistance levels: 99K, 100K Support levels: 94.7K, 91.25K, 89.2K An ascending triangle can be seen on the chart, which can be interpreted as a buyer's interest in breaking the resistance. The bulls continue to put pressure on the market. Trigger 99K. If this zone is broken, bitcoin could go to 105K Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:BTCUSDT ;) Regards R. Linda!
Ready for 2nd round PUMP for NASDAQ:TARA ? 3 White Soldier plus Hammer Candlestick on 1 day time frame. Expect a pump until .05 cents in coming few months! LFG! promising L1 sitting at 30m MC? NASDAQ:TARA NYSE:FET NASDAQ:FLUX CRYPTOCAP:SOL $bob CRYPTOCAP:INJ UPCOM:LAI OTC:ATOR NASDAQ:NAVI LSE:OBI $vanry $orai CRYPTOCAP:BTC #eth #Binance?