Relook at the USD SGD chart. The movement of the pair has been bounded between 1.3 and 1.45 for the past decade. This limited range and its pattern suggested that the pair may be in the "e'" wave of an expanding triangle as depicted in the chart. We are looking at the 1.5 region before heading down again.
Cup Shape: The price action has a rounded base, reflecting the "cup" part of the pattern. Handle: There appears to be a minor consolidation after the rounded base, forming the "handle." Target Levels: The chart includes potential target levels for upward movement, labeled as Target 1, Target 2, and Target 3. Indicators: The overlay suggests a relatively balanced bullish/bearish sentiment, but momentum looks to be shifting towards bullish.
Read about harmonic gartley patterns fib extensions.
we see sell model mm We are at an annual level of inefficiency where I expect accumulation, manipulation and then distribution
Here's a summary of your updated GBP/JPY trade plan: Trade Plan - Entry Point: 196.300 (current) - Target: 198.000 - Stop-Loss: 195.200 Market Analysis The GBP/JPY is experiencing a bullish trend, driven by a strengthening British pound and a weakening Japanese yen. Technical Analysis - RSI Indicator: The Relative Strength Index (RSI) is above 50, indicating a bullish momentum. - Moving Averages: The 50-day moving average is trending upwards, supporting the bullish view. - Support Levels: The support levels at 195.200 and 194.500 could provide a buying opportunity in case of a pullback. Risk Management - Risk-Reward Ratio: Your risk-reward ratio is approximately 1:2.9, which is relatively conservative. - Position Sizing: Make sure to adjust your position size according to your risk tolerance and account size. Trade Progress You're currently 170 pips away from your target. Keep monitoring the market and adjust your strategy as needed. Stay disciplined and stick to your trade plan. Good luck!
QNT Update ~ 1W #QNT If you still have Conviction on this coin,. This support block would be a very good buying place for now. With a minimum target of 20%+
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SPY (S&P500 ETF) is currently in a short-term consolidation price pattern (end of December 2024). SPY price needs to hold and rally above $583 to avoid a daily bearish head-and-shoulders resistance price pattern. Support Prices to the downside are: $583, $577, $569, $555, $532. Resistance Prices to the upside are: $592, $600, $604, $613, $626. Several Key Events will be occurring in the USA, January 2025: -CES 2025 Conference (week 2) -Inflation Data (week 2) -Stock Market Earnings Season begins (week 2 to 4) -New President taking office, potential law changes (week 3 to 4) -FOMC Press Conference (week 4) Note: Any of the above events can cause stock market volatility and override technical charts. Date: 12/30/2024 pm
Nifty has completed B wave and running C(1) as shown in chart wave C target comes at 21900 time correction ends on 27th jan 2025
BINANCE:PENGUUSDT.P Buying key zones in the chat