12/11/24- Here is a new BUY breakout chosen by a completely mech12/11/24- Here is a new BUY breakout chosen by a completely mechanical trading system:
Stop Loss @ 118.00
Entry BUY @ 126.70
Target Profit @ 140.24
Support and Resistance
Stock Of The Day / 12.20.24 / PSNL12.20.2024 / NASDAQ:PSNL
Fundamentals. The second day of growth on the back of $50 million investment from Merck received.
Technical analysis.
Daily chart: Strong squeeze on a range movement. Strong daily level 7.20, formed by a two-year high is ahead.
Premarket: Gap Up on moderate volume. We mark the level 6.50 - the high of the post-trading session of the previous day.
Trading session: The price stopped and began to tighten to the level 6.50 after an impulse growth at the opening. Note how the price began to pullback from the level of 6.50, trapping short traders, whose stops will provide us with an impulse movement upon breakout. We are considering a long trade to continue the movement.
Trading scenario: #breakout (#tightening) of the level 6.50
Entry: 6.59 aggressive entry upon breakout of the level.
Stop: 6.48 we hide it behind the level with a reserve for slippage.
Exit: We close the position before the level of 7.20 taking into account that the price has moved 5 ATR (Average True Range).
Risk Reward: 1/5
Bonk on RobinhoodEarlier this week Tucker BONK was listed on Robinhood. Unlike Coinbase meme drops skyrocketing, Robinhood is a bit slower. BONK rejected and bounced off our fib level at .236 at price .00002703. I might add a bag, not confirmed u til the RSI breaks midline, and breaks our BOS trend line in the 1hr closely. Watching point of interest to break is .00003140.
BONK!! LETS GO!
AUDJPY Outlook: Bullish Continuation with Key SupportHello,
OANDA:AUDJPY has shown upward movement, and for continued gains, the 1D pivot point (PP) must remain a strong support level. The price needs to break and stay above the 1M pivot point (PP) to confirm further upward momentum. On a long-term basis, the market remains highly bullish, and this trend is expected to continue with minimal fluctuations in the near term.
No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
Broad BottomThe bottom seems to be a bit broader than I had expected previousely. So my stopploss had been to tight.
When we see the weekly picture then we are still in region of the 2024 low that may still hold.
If not then the bottom zone may be as broad as to the 2023 low at around 82.
USDCAD Rejected at 1-Year High, Targeting 1M PivotHello,
FX:USDCAD has reached a 1-year high of 1.446735, but has just been rejected at this level. Moving forward, we can expect a steady decline, with the 1-month pivot point as the initial target.
No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
SMART BUY LIMIT from my past experience I know from a fact that it is going to retest no matter the condition. why? LIQUIDATION bby ! I know that entering now might cancel me out on various FVG so where do I feel safe and confident about my trade and risk management for sure I feel safe @0.000391 LOWEST LOW here my risk management is low and I feel less anxious lets see how it plays out TRADERS> God Bless
NZD/USD Eyes Upside After 1-Year LowHello,
OANDA:NZDUSD has reached a new 1-year low at 0.56080, and from this point, the only direction appears to be upwards. The price is expected to move towards 0.574703, and if it manages to break and sustain levels above the 1-week pivot point at 0.580043, further gains could follow, with the next target being the 1-month pivot point.
No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
BTCUSDT: Trend in daily time frameThe color levels are very accurate levels of support and resistance in different time frames.
A strong move requires a correction to major support and we have to wait for their reaction in these areas.
If the BTC chart does not react to close levels 102000, this analysis will be invalid.
So, Please pay special attention to the very accurate trend, colored levels, and you must know that SETUP is very sensitive.
BEST,
MT
ARBUSDT: Trend in weekly time framePlease pay special attention to the accurate trend, very accurate channels, and colored levels.
The chart is very sensitive and you should be very careful with your capital.
Be careful
BEST
MT
POLUSDT: Trend in 4H time framePlease pay special attention to the accurate trend, very accurate channels, and colored levels.
The chart is very sensitive and you should be very careful with your capital.
Be careful
BEST
MT
FETUSDT: Trend in weekly time frameAnalyzing this coin is really difficult. Considering that I expect a correction for Bitcoin up to area of 80k to 84k, this trend can be considered for FET coin.
But, I must say that until you get confirmation, don't get a position.
But, you must know that the colored levels are very accurate.
BEST,
MT
SCUSDT: Trend in weekly timeframePlease pay special attention to the two accurate trends, very accurate channel, and colored levels.
The chart is very sensitive and you should be very careful with your capital.
Be careful
BEST
MT
AUDUSD: Bullish Potential Above 1D ResistanceHello,
For further upside movement in OANDA:AUDUSD , it needs to establish itself above the strong 1D resistance level. If this confirmation is achieved, we can expect price action to move toward the 1W pivot point.
No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
Devyani International can give a tasty breakout. Devyani International Ltd. engages in the development and operation of quick service restaurant. It operates through Within India and Outside India segments. The company manages brands like Costa Coffee, KFC, Pizza Hut, Vangoo and The Good Street.
Devyani International Ltd. CMP is 172.37. The Positive aspects of the company is Company with Zero Promoter Pledge and increasing revenues for last 4 Quarters. Book value of the share is also increasing for the last 2 years. The Negative aspects of the company are extremely high Valuation (P.E. = 644.2), Companies Increasing Debt as per Annual Report, Declining Net Cash Flow : Companies not able to generate net cash.
Entry can be taken after closing above 174 Targets in the stock will be 181, 188 and 198. The long-term target in the stock will be 205, 218 and 223. Stop loss in the stock should be maintained at Closing below 167 or 158 depending on your risk taking ability.
Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
GOLD (XAUUSD) 15M TF: Market outlookPotential SELL (loading)
Looking forward to see mini buyers reattempt from the current SNR failure to continue long creates a LOWER HIGH that will breakout short the SNR and make brand new lower lows.
Will see how the market unfolds!
Cyient DLM looking like it will deliver. Cyient DLM Ltd. engages in providing total electronic manufacturing solutions. It operates through the following segments: Aerospace and Defense, Medical, Industrial, and Transportation and Telecom. It offers design-led manufacturing (DLM) solutions.
Cyient DLM Ltd. CMP is 677.85. The Positive aspects of the company are Company with Low Debt, Company with Zero Promoter Pledge. The Negative aspects of the company are extremely high Valuation (P.E. = 79.8) and Inefficient use of shareholder funds.
Entry can be taken after closing above 686 Targets in the stock will be 722, 747 and 775. The long-term target in the stock will be 802, 841 and 869. Stop loss in the stock should be maintained at Closing below 649 or 599 depending on your risk taking ability.
Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
Nifty Short Term Analysis. Nifty today has given a poor closing below 200 days EMA but the only saving grace can be that the closing is just above Mid-Channel support of 23500 and Important Fibonacci support of 23263.
These Two supports are broken then more hell can break loose and we can get to see the next Fibonacci supports being tested. The next Fibonacci supports can be near 22509 or 21585. On the positive side if either of the support is held and then we can see a new rally in Nifty wit resistances at 24718 and 25347. It looks like Nifty will take some time to reach new highs as the the mode is bottom searching and consolidation as of now.
Fresh rally and Bullish recovery can start only after we get a closing above these 2 levels. However, this can be a good time to go long by picking good blue chip stocks available at good valuations.
Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
USDCHF Poised for Bearish Break Below PivotsHello,
FX:USDCHF is currently approaching the 1W and 1M pivot points. A clear break below both the 1W and eventually the 1M pivot would confirm the continuation of the anticipated bearish trend, which has already gained some momentum. A further shift toward bearish movement is highly expected.
No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
BTCUSDT ATH resistance zone can dump itWe are looking for range zone here and also short-term fall like the red arrows on chart.
price is now receiving major resistance zone and any breakout to the upside can lead the price to 120K$ but if the resistance hold soon heavy dump is expected at least to the targets like 90K$ or 80K$.
DISCLAIMER: ((trade based on your own decision))
<<press like👍 if you enjoy💚
GBPUSD Set for Upside as 1Y Pivot Holds SupportHello,
FX:GBPUSD is likely to experience significant upside from this point, with the 1-year pivot point acting as support. While the pair remains mostly bearish, buyers are entering the market and anticipating further gains. The current conditions appear favorable for an upward move.
No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
Bitcoin Dominance at Major Resistance: Alt Pump Incoming?
🚨 Bitcoin Dominance Update 🚨
Currently sitting at 58.69%, Bitcoin dominance has reached a critical confluence of horizontal and trendline resistance.
📉 Key Observations:
- Dominance retraced precisely to the Golden Ratio (0.618 Fibonacci) level.
- This area marks a potential reversal zone.
💡 What This Means:
A decline in Bitcoin dominance could signal the much-anticipated altcoin season as capital flows out of BTC into altcoins.
🗺️ Key Levels to Watch:
- A breakdown from this resistance could lead to massive altcoin pumps.
- On the flip side, a breakout above this resistance could invalidate this setup.
📊 Keep your eyes on this setup, and let’s prepare for potential opportunities in the altcoin market. 🚀
🔔 Follow for more trade ideas and market insights!
BitcoinDominance Altcoins CryptoTrading AltSeason BTC
USD/JPY Approaches Key Turning PointHello,
FX:USDJPY pair has experienced significant upward momentum and is currently approaching the weekly strong resistance level at 155.883, which previously served as support. If this level holds as support once again, further upside is likely. However, if it fails to hold, a downside movement can be expected from this point forward.
No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
