Expecting a move up to the red supply zone. Approx target 100, but being conservative by going shy of that. There is strong confluence with other biotech companies here with many others also looking bullish for the following weeks.
Chart Analysis: GBP/USD is approaching the critical 1.2500 resistance level, a threshold that could determine the next directional move for the pair. 1️⃣ Resistance at 1.2500: The horizontal level at 1.2500 has acted as a significant barrier, capping recent upward momentum. A decisive break above this level would pave the way for further gains, potentially targeting the 1.2600 area or beyond. 2️⃣ Moving Averages: 50-day SMA (blue): Positioned at 1.2525, aligning closely with the resistance zone and reinforcing its importance. 200-day SMA (red): At 1.2791, remains above current price levels, indicating that the longer-term trend still favors the bears. 3️⃣ Momentum Indicators: RSI: At 51.49, showing neutral momentum but with room for further upside before reaching overbought territory. MACD: Remains below zero but is trending higher, suggesting improving bullish momentum. What to Watch: A sustained breakout above 1.2500 and the 50-day SMA could signal the start of a bullish reversal. Failure to clear this zone may result in a pullback, with immediate support at 1.2400 and further downside toward 1.2300. GBP/USD remains at a pivotal juncture, with the 1.2500 level acting as a key hurdle that bulls must overcome to establish a broader recovery. -MW
? Title: NAS100USD Bullish Reversal: Gap Fill & Upside Target in Focus ? ? Current Price Action: The latest price is 21,490.1 ?, showing a +0.29% gain (+62.3 points) ✅. The 200 EMA (Exponential Moving Average) ? is at 21,365.2, suggesting the price is slightly above this key moving average. ? Key Levels & Market Structure: ? BOS (Break of Structure): Indicates a bearish structure break before the current recovery. ? GAP: There is a visible gap in the price action, which often acts as a magnet for price movements. ? Liquidity & Internal Liquidity (Int. LQ): Suggests areas where institutional interest may have been present. ? Trend & Potential Direction: The price recently bounced off the 200 EMA ?, indicating possible bullish momentum ?. The ⬆️ arrow projection suggests a bullish outlook, targeting the gap fill and potentially moving higher towards 21,800 - 22,000. If price holds above 21,365, the bullish thesis remains valid ✅. ? Conclusion: ? Bullish Bias: Price is recovering from a break of structure (BOS) and pushing higher towards unfilled gaps ?. ? Key Levels to Watch: ? Support: 21,365 (200 EMA) – If it breaks below, downside risk increases ⚠️. ? Resistance: 21,600 (gap area) – Price might struggle before breaking through ?. ? Trade Idea: A ? long position targeting 21,800+, with a stop loss below 21,365 ?.
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Green, Pink or Orange. These are the scenarios I’m now preparing for. Taking a long position up to the red supply zone. High risk trade - 25% of success.
Hello, traders another opportunity to buy and hold OP for profits , we trade what we see , follow the chart and be guided. tradehubng
NASDAQ:SOFI came close to the $19 target but has since pulled back. I picked up some today. Let's go. ? Support levels are shown in the chart. As always, I share my opinions and trades. I'm not suggesting anyone follow my trades. You do you.
What’s the secret to becoming a successful trader? Many believe it’s all about strategies or finding the perfect market conditions. But in reality, it’s the habits you build daily that determine your long-term success. I’m Skeptic , and today, I’ll share the top 3 daily habits that professional traders swear by. These habits not only improve your trading performance but also help you maintain balance in the high-pressure world of trading. Let’s dive in! ?A. Daily Market Analysis: The Foundation of Consistency Successful traders allocate specific time every day to analyze the market, find potential triggers, and set alerts for key levels. This habit offers several benefits: 1.Save Time: https://www.tradingview.com/x/c73hBLGP/ With alerts set for important levels, you don’t have to stare at the screen all day. You can step away confidently, knowing the market will notify you when something important happens. 2.Reduce FOMO: Regular analysis helps you stay grounded. You’ll feel less tempted to chase random trades because you already have a plan and understand the market’s context. 3.Better R/R Trades: https://www.tradingview.com/x/hnSEmpEC/ By identifying triggers early, you can enter positions sooner and secure better risk-to-reward (R/R) ratios. Stay Connected to the Market: Daily analysis ensures you’re always in sync with market trends, avoiding the Ostrich Effect—a phenomenon where traders ignore negative information to protect their emotions. Staying informed keeps you objective and proactive. B. Prioritize Physical Health: Diet & Exercise Matter ?♂️ Trading often means spending long hours sitting at your desk, which research has linked to numerous health risks, including back pain, poor circulation, and reduced focus. Successful traders know the importance of staying physically active: Negative Effects of Prolonged Sitting: Increased risk of heart disease. Reduced energy levels and concentration. How Exercise Helps: Even 30 minutes of daily exercise improves mental clarity, reduces stress, and boosts decision-making ability. Activities like stretching or walking during market breaks can reduce the physical strain of sitting. Balanced Diet: Eating the right foods fuels your brain for better decision-making. Avoid heavy, carb-loaded meals that make you sluggish, and prioritize high-energy, nutrient-rich foods. C. Meditation: The Secret Weapon for Mental Clarity ?♂️ Meditation is a habit many successful traders swear by. Trading can be emotionally draining, with constant ups and downs. Meditation helps by: 1.Improving Focus: -Mindfulness meditation strengthens your ability to concentrate and block out distractions, a skill critical for analyzing markets and following your strategy. Reducing Emotional Reactions: -Meditation trains you to stay calm and composed, even after a series of losing trades. You’ll learn to respond logically instead of emotionally. Practical Tip: Start with just 5-10 minutes of meditation daily. Use apps like Calm or Headspace to guide you, or simply sit in silence and focus on your breath. To achieve consistent success in trading, it’s not just about strategies—it’s about building daily habits that set you up for long-term performance. Analyze the Market Daily: Save time, reduce FOMO, and catch high-quality trades early. Take Care of Your Body: Exercise regularly and maintain a healthy diet to stay focused and energized. Meditate for Mental Clarity: Manage emotions and improve your focus to make better trading decisions. ? Which of these habits do you already follow? Are there any you’d like to adopt? Share your thoughts in the comments below! I’m Skeptic , here to simplify trading and help you achieve mastery step by step. Let’s keep growing together! ?
OANDA:USDCHF ? Technical Analysis Weekly (1W) Chart: In 2023 and 2024, USDCHF formed a strong support level around 0.8400 and a strong resistance level around 0.9200. As of January 2025, the price has tested the 0.9200 resistance level again, suggesting a potential battle around this key level. Daily (1D) Chart: Aug - Sep 2024: The 0.8400 support was tested multiple times, holding strong, and the price reversed, forming a bullish trend from October 2024 until now. January 2025: The price tested the strong resistance at 0.9200, and we can now see a clear correction towards the trendline and the middle support level around 0.9000. ? Overall Outlook: ? Long Position: Be cautious near the weekly resistance at 0.9200, as there could be a strong pullback and higher volatility, making it riskier for a long trade. ? Short Position: Consider waiting for a trend breakout below the current correction bottom, or a formation of a new lower low below 0.8950 to confirm further downside. The bullish trend continues on the daily chart, but the price is approaching a strong resistance level at 0.9200. Fundamental analysis is necessary to assess the economic factors and expectations that may drive the price in either direction. Without clear fundamental drivers, the technical picture remains uncertain for now. Currently, there’s no clear setup for my trading strategy, as the price is near a strong resistance and requires confirmation through either a breakout or pullback to make further decisions.
#PENGU has confirmed the bearish scenario from the previous analysis. It’s now either completing a motive drop, likely followed by a bullish correction, OR could face a surrendering free-fall (similar to GETTEX:APE ’s bear market since April 2022). #PudgyPenguins