The EUR/USD Pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent Formation of a Wedge Breakout Pattern. This suggests a shift in momentum towards the downside in the coming hours. Possible Short Trade: Entry: Consider Entering A Short Position around Trendline Of The Pattern. Target Levels: 1st Support – 1.0413 2nd Support – 1.0375 ? Please hit the like button and ? Leave a comment to support for My Post ! Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI_TA_TRADING Thank you.
EUR/USD exhibits a potential upside move, presenting a scalping opportunity for long positions. Confirmation is required, along with a rejection of the current zone, to validate the trade setup before execution. Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Scalping and trading carry substantial risks, including the possibility of significant losses. Trade cautiously and responsibly.
Hello Traders ? At the time of reading this idea, PI (IOU) is trading around $115 - $190 , which, in my opinion, is a very solid price for an IOU. But why? Let me explain it further: 1️⃣ IOUs are usually priced higher than the actual asset , but the interesting part is that when an IOU holds such a high value, it often indicates a strong potential for a good price once the real mainnet launches on February 20th. 2️⃣ PI has now become the 5th most-followed account on platform X, surpassing ETH! This is quite incredible in my opinion, especially considering that the mainnet hasn’t even launched yet! This shows that PI has a very strong and engaged community. 3️⃣ Many exchanges have already decided to list PI once the mainnet goes live. However, there is still no confirmation regarding a potential Binance listing . But if Binance does list PI, we could expect a massive hype and a strong price rally! ? From a technical analysis (TA) perspective, there isn’t much to discuss yet. However, we can see that a triangle pattern has formed, and the price is currently trading above the resistance, which means a breakout has already occurred! ? ? Stay sharp, trade smart! – KIU_COIN ?
Entry Point: Enter a long position around $0.4590-$0.4600 after confirmation of a breakout or bullish reaction at this demand zone. Look for bullish candlestick patterns such as wicks rejecting lower prices, bullish engulfing candles, or lower timeframe structure shifts to confirm entry. Stop-Loss (SL): Set your stop-loss below $0.4100, just beneath the support level, allowing for minor wicks while minimizing downside risk. Take-Profit Levels: ? TP1: $0.6500 Justification: ? Range Low Support: Price is reacting from a key support level within a well-defined range. ? Potential Range Reversal: The setup suggests a move towards the range highs at $0.6500-$0.6664 if the support holds. ? Liquidity Sweep: Previous wicks indicate potential liquidity grabs, often preceding a reversal. ? Risk-Reward Favorability: Aiming for at least a 3:1 risk-to-reward ratio, making the setup efficient. ? Bonus: If price reaches $0.6500-$0.6664, watch for potential rejection for a short opportunity targeting mid-range levels. Disclaimer: This setup is for educational purposes only and does not constitute financial advice. Always conduct your own research and consult a licensed financial advisor before entering trades. The cryptocurrency market is highly volatile—only trade with funds you can afford to lose.
Hindustan Unilever at its Monthly Support As the Central Government budgetary allocation changes its focus from Infra to Consumption story and middle class seems to be the biggest beneficiary as the leader of the FMCG Sector. Do your own analysis as well
Doge, which I call BTC of meme coins is all set for 4-6$ , based on weekly , monthly RSI Correction and also due to the factor, it broke resistance on highest 6 monthly chart, when this happens to crypto, they usually go ar euphoria phase at some point as there is no long term(6/12 month) resistance. Chart suggests Doge don’t need elon any more.
I am going short on EUR/USD from 1.04823, with a profit target at 1.02135." Let me know if you want any tweaks! ?
Key Points: Current Situation: According to the chart, the price is in Wave 4, which is a corrective phase. If it holds the support zone (white box), Wave 5 may start. Support Level: The price is currently testing a key support level. Holding this level could push the price upward. Target: The next strong resistance is expected between 0.8451 – 0.8877, aligning with Fibonacci retracement levels. Risk: If the price breaks below the support level, it could drop further, invalidating Wave 5. Conclusion: If support holds, a bullish Wave 5 move is expected, aiming for higher resistance levels. However, if support breaks, a further decline is possible.
The significant open interest (OI) in NVDA options at the $140 strike for the February 21, 2025 expiration and at the $150 strike for the February 28, 2025 expiration suggests notable market positioning at these levels. High OI can indicate potential price targets, as large numbers of contracts at specific strikes may influence price movements due to hedging activities and trader sentiment. Given the current price and the upcoming expirations, the clustering of OI around these strike prices could act as magnets, potentially drawing the stock price toward these levels. However, it's essential to consider other market factors, such as overall market conditions, company-specific news, and broader economic indicators, which can also impact price movements. While the high OI at these strikes suggests that many traders anticipate movement toward these levels, it's crucial to conduct comprehensive analysis and consider risk management strategies before making trading decisions.
Hindalco is at its Monthly and Weekly Support. If it holds can show some theatrics as per Bullish Harmonic Pattern. Metal Sector seems consolidating. Do your own diligence.