do to the industries (pairs) in the GBP sectors, which as a weak beta less then 1 .. as not increased in value for week the recent few weeks of upward move was cause by AUD & NZD .. which it isn't the real value Of the pair , so it's moving down aggressively
Its the first setup of the year, we see EURGBP in a bullish channel , it broke through the bearish channel , now its coming back to retest , its creating higher highs and higher lows , Fibonacci levels approve the setup, lets see how it plays out
Massive short squeeze here. Clowns like shorting move up are now feeding the liquidity to the upside. I wouldn’t be touching this stock without very tight stop losses and defined entry and exit points. Do not be surprised if we pull back here and get one final move to the upside to take out the final shorts with a blow off top. This is a fun trading stock, not an investment.
This pair will most likely continue its downward movement towards the lowest price reached back in 2023. Expect the price to reach around 1.04 or lower in the long term.
If you haven`t bought CVNA at $25: https://www.tradingview.com/chart/idea/CqrAOpy8/ Carvana Stock Now Faces Major Risks: A Price Target of $127 Carvana Co. (CVNA), currently trading at $199, faces mounting scrutiny after allegations from Hindenburg Research. The short-seller’s report, titled “Carvana: A Father-Son Accounting Grift for the Ages,” accuses the company of unsustainable growth fueled by lax underwriting standards and questionable insider dealings. Key Concerns: Insider Selling: CEO Ernest Garcia III and his father, Ernie Garcia II, sold $3.6 billion in stock between 2020-2021, with an additional $1.4 billion sold last year after a 284% stock surge. Loan Portfolio Risks: Claims suggest Carvana approves nearly all loan applicants, increasing exposure to subprime defaults as economic conditions tighten. DriveTime Transactions: Allegations of inflated revenues through sales to DriveTime, owned by Garcia II, raise conflict-of-interest concerns. Manipulated Results: Extensions on subprime loans reportedly delay delinquencies, misrepresenting financial health. Outlook: While the stock has shown resilience, we believe these risks significantly outweigh the rewards. With questionable accounting practices and a vulnerable loan portfolio, our price target is $127.
same has EURCAD, GBPCAD is also selling downward aggressively for a risk to reward of 4:1 as 70% probability move downward
let's see if this breakout holds. FTM massively broke down and then broke down some more, but could be considered deviation. Either way, we can now look forward to a potential scenario of retesting the HTF support and resume return to upward move.
Coiled spring, hit resistance, pulled back and developed a strong positive divergence on the 4H chart. Following runs on AKT and FTM, this looks primed for a run.
The weekly timeframe as shown signs of weakness since last year .. lucky the D1 pushed it down since yesterday and it moved aggressively today
I was already anticipating the downward ⬇️ movement since fews days back and it played out quite nicely. There was 3 trade opportunities throughout based on my trading style. Do you trade NZDCAD this week? Reference to previous analysis below ?.