The Lines, Supports, Resistances show a high propability for a up move. Statustically it will start the next 1 to 3 days and from point and figure analytics it will go to 230 USD and maybe after a range to 450 USD. Good trading
#PHB/USDT is rejecting from the Diagonal Trendline on the 4-Hour TF. ⏳ Plan: Wait for a breakout (BO) and successful retest before considering a long position. ? Key Levels: Resistance: PWH $1.51 Support: PWL $1.2063
This position is very suitable for a great move. Be sure to check it and get on the perfect wave to buy tons of coins. Please support and subscribe
? NIFTY 50 Trading Plan for 27-Jan-2025 ? ? Key Levels to Watch: Opening Support Zone: 23,055-23,161 Intraday Resistance Zone: 23,178-23,284 Last Intraday Resistance: 23,405-23,442 Final Profit Booking Zone: 23,540 Buyer’s Strong Support Zone: 22,867-22,762 ? Scenario 1: Gap-Up Opening (100+ points above 23,178) ? If NIFTY opens significantly above 23,178: ✅ Wait for Retest: Avoid rushing into trades after a gap-up. Allow the index to retest the 23,178-23,161 support zone for confirmation of strength. ? Action Plan: If a bullish candle forms during the retest, initiate a long trade targeting 23,284 initially and extend to 23,405-23,442 . Keep a stop-loss below 23,150. ? Caution Zone: If the index stalls near 23,405-23,442, it might indicate profit booking. Avoid fresh longs in this area unless there’s a breakout above 23,442. ? Pro Tip: Use a bull call spread strategy to capture the upside while managing risk effectively. ? Risk Note: Avoid over-leveraging after a significant gap-up. Monitor the price action closely. ? Scenario 2: Flat Opening (Near 23,090) ? If NIFTY opens flat or within the No Trade Zone: 23,055-23,161: ⚪ Avoid Immediate Trades: This range is a no-trade zone due to indecision. Wait for a breakout above 23,178 or a breakdown below 23,055. ? Breakout Strategy: If the price breaks above 23,178, go long targeting 23,284 and extend to 23,405. Use a stop-loss below 23,150. ? Breakdown Strategy: If the index drops below 23,055, short trades can be initiated targeting 22,867-22,762. Maintain a stop-loss above 23,100. ? Pro Tip: Use a trailing stop-loss to lock in profits during trending moves. ? Options Strategy: Consider selling straddles near the no-trade zone to take advantage of time decay, but hedge positions to avoid unlimited risk. ?️ Scenario 3: Gap-Down Opening (100+ points below 23,055) ?️ If NIFTY opens below 23,055: ? Focus on Buyer’s Support Zone: The 22,867-22,762 zone is critical for potential reversals. Look for bullish price action in this area. ✅ Action Plan: If a reversal pattern (e.g., hammer or bullish engulfing) forms near 22,867, enter long trades targeting 23,055. Use a stop-loss below 22,740. ? Aggressive Selling Levels: If the price sustains below 22,762, further downside to 22,700 or lower is possible. Initiate shorts with tight risk management. ⚠️ Avoid Overtrading: Gap-down scenarios can be volatile. Wait for clear patterns and don’t rush into trades. ? Pro Tip: Use long straddle strategies to benefit from increased volatility in gap-down scenarios. ?️ Risk Management Tips ?: ? Never risk more than 2% of your capital on a single trade. ? Stick to stop-loss levels and avoid emotional trading. ? Use option strategies (e.g., spreads, straddles) to limit risk in uncertain market conditions. ? Stay patient. Avoid forcing trades if setups don’t align with your plan. ? Summary & Conclusion: Key Zones to Watch: 23,055 (support) and 23,178 (resistance). Gap-ups favor longs above 23,178 ; gap-downs focus on support zones like 22,867 . Strictly adhere to risk management principles. Use options wisely to hedge your positions and reduce exposure to volatility. ⚠️ Disclaimer: I am not a SEBI-registered analyst . All views shared are for educational purposes only. Please consult your financial advisor before making any trading decisions.
https://www.tradingview.com/x/M3UDDCLs/ Hello,Traders! EUR-JPY has made a Bullish breakout of the Key horizontal level of 163.136 And the breakout is confimred So we are bullish biased And we will be expecting A further move up Buy! Comment and subscribe to help us grow! Check out other forecasts below too!
Gold Weekly Analysis Trendline Resistance: Gold's price has repeatedly struggled to break above the rising trendline, signaling strong resistance in this area. Support Zone Strength: The previous resistance zone has flipped into a solid support level, providing a safety net for any pullbacks. Next Move: A breakout above the trendline could trigger a strong bullish continuation. A rejection here may lead to a pullback, with support near $2,387 acting as the critical level to monitor.
? BANKNIFTY Trading Plan for 27-Jan-2025 ? ? Key Levels to Watch: Opening Support: 48,272 Initial Support Zone: 47,802-47,962 Must-Try Zone for Buyers: 47,208-47,358 Opening Resistance: 48,482-48,520 Last Intraday Resistance: 48,772 Profit Booking/Sideways Zone: 49,008-49,092 ? Scenario 1: Gap-Up Opening (200+ points above 48,520) ? If BANKNIFTY opens significantly above 48,520: ✅ Wait for Retest: Avoid chasing the price immediately. Let the index retest the 48,520-48,482 zone. ? Action Plan: If a bullish reversal pattern forms at the retest, initiate a long trade targeting 48,772 and 49,008 . Maintain a stop-loss below 48,450. ⚠️ Avoid Overtrading: If the price consolidates above 49,008 without strong momentum, it’s likely entering a sideways zone (profit booking). Avoid initiating new longs in this zone. ? Pro Tip: Use option spreads (e.g., bull call spreads) to manage risk and minimize losses in case of reversals. ? Scenario 2: Flat Opening (Near 48,349) ? If BANKNIFTY opens near the current level: ⚪ No Trade Zone: The range 48,349-48,482 is a no-trade zone. Wait for a clear breakout or breakdown. ? Breakout Strategy: If the price breaks above 48,482 , enter a long trade targeting 48,772 and 49,008 . Place a stop-loss below 48,350. ? Breakdown Strategy: If the index slips below 48,272 , initiate a short trade targeting 47,802-47,962 . Use a stop-loss above 48,350. ? Pro Tip: Use a trailing stop-loss to lock in profits during strong directional moves. ?️ Scenario 3: Gap-Down Opening (200+ points below 48,272) ?️ If BANKNIFTY opens below 48,272: ? Watch Initial Support: Look for bullish activity around 47,802-47,962 . If the price holds this zone, consider buying with a target of 48,272 . Place a stop-loss below 47,780. ? Must-Try Zone for Buyers: If the price slips to 47,208-47,358 , this is a high-probability reversal zone. Enter longs with strict risk management, targeting 47,802 . Stop-loss below 47,200. ⚠️ Avoid Weak Trends: If no clear reversal pattern forms in these zones, avoid taking trades and wait for better clarity. ? Pro Tip: For gap-down scenarios, consider short straddle or strangle strategies to capitalize on increased volatility. ?️ Risk Management Tips ?: ? Never risk more than 2% of your capital on a single trade. ? Use option spreads to limit risk and reduce premium decay. ? Trade only within defined levels and avoid overleveraging. ? Keep an eye on global markets and macroeconomic news before entering trades. ? Summary & Conclusion: Key Levels: 48,272 (support) and 48,482 (resistance). Gap-up openings favor long trades above 48,520 ; gap-downs focus on supports like 47,802 . Strictly adhere to risk management principles. ⚠️ Disclaimer: I am not a SEBI-registered analyst . All views shared are for educational purposes only. Please consult your financial advisor before making any trading decisions.
EURUSD am seeing two selling zones,if price respects 1.05392 area we shall see sells all the way to 1.03923 but if price pushes up we shall wait to sell at 1.06286
Avax is very suitable for buying, everything is provided for you in a very simple and excellent chart. don't miss out
A bearish Head & Shoulders in NYSE:LLY weekly chart (as well in daily chart). NYSE:LLY last move is stuck under a downtrend line (in white) which forms the right shoulder. In addition, the head part forms another bearish pattern - a double top. If the head & shoulders forms is applied, NYSE:LLY may go down to its support level at $433. The entire healthcare sector looks bad at the moment and NYSE:LLY 's rival NYSE:NVO has already formed and applied a head and shoulders pattern. Will NYSE:LLY follow NYSE:NVO ? time will tell but the writing is on the wall.