Is the oil outlook optimistic for the coming months?As 2025 approaches, traders are considering the potential impact of Donald Trump’s presidency, China’s economic efforts, and OPEC+'s gradual easing of production cuts.
Support and Resistance
Outlook on Gold Depending on the US Dollar {DXY} this week?COMEX_MINI:MGC1!
"Successful trading has always been about understand the convictions, the strength and the weakness of buyers and sellers. Once you understand what the other traders are doing in the market, you can successfully trade with them." -Michael Valtos
Here on Gold, I have a Neutral outlook. However, I am going to pay very close attention to the US DOLLAR {DXY}. I'll keep you updated, as PA develops.
Remember; "Our Profession is to Manage the downside costs of printing HIGHSIDE returns of $$$ consistently. Done correctly, well Abundance awaits us." -500KTrey
TOTAL2/BTC Alts showing MAJOR WEAKNESS vs BTCAlts showing major weakness against BTC by Closing the Week in this trading region which will dump them another 15-20%
If BTC and Alts perform similar to last 2 cycles then Alts would have a 125 - 175% return above ₿itcoin
Notice the diminishing returns from each cycle 🧐
On a risk adjusted basis, the chart is suggesting that in future cycles it might just be better to be in BTC than Alts😲
End of Year StatsIts been 25 weeks of posting swing zones and levels including corresponding trades based on price action around these zones and levels.
To this end we PINCHED 1270 PIPS @ an average of about 4-5 trades per week, with the following parameters:
1. Entry on the 5mins charts
2. Stoploss, SL @ 10-15 pips
3. Usually moving SL to Breakeven, BE once trade pinches +20pips
4. Take profit @ 90 - 100pips or @ Swing zone or level
Next year holds a great promise.
Next SZs to commence from Week 2 2025.
HAPPY NEX YEAR
EURUSD InsightHello, Subscribers!
It's great to have you all here. Please feel free to share your personal opinions in the comments. Don’t forget to like and subscribe!
Key Points
- New York Stock Exchange: Experienced a sharp decline across the board as investors took profits ahead of the year-end.
- Kazuo Ueda, BOJ Governor: Predicted it would take considerable time to fully grasp the outlook for the U.S. economy.
- Ukraine: Decided to halt the transit of Russian natural gas to Europe via its territory starting December 31.
- Robert Holzmann, Governor of Austria’s Central Bank (ECB): Stated that rising natural gas prices and a weaker euro might delay the next rate cut.
Major Economic Events
+ January 1: New Year’s Day (Market Holiday)
+ January 3: U.S. December ISM Manufacturing PMI
EUR/USD Chart Analysis
The euro is currently trading sideways within the 1.03400 - 1.06000 range. In the short term, a bullish movement is highly likely, with the potential to reach the upper limit of 1.06000. However, significant volatility to break either the upper or lower boundaries of this range is not anticipated this week.
If unexpected volatility arises, we will quickly adjust our strategy accordingly.
Trading opportunity for BLZUSDTBased on technical factors there is a Buy position in :
📊 BLZUSDT
🔵 Buy by Breakout
🪫Stop loss 0.051000
🔋Target 0.099000
📏 R/R 3
💸RISK : 1%
We hope it is profitable for you ❤️
Please support our activity with your likes👍 and comments📝
VANRY planThis is my VANRY plan, I'm expecting a bounce around the 0.75 fib level. That is where I will enter
Weekly Forex Forecast: Last Show For 2024Dec 30th to Jan 3rd.
USD is still strong, and so are the indices. I will be looking for buys until there is a significant bearish Break of Structure.
A strong USD is a headwind for Gold, Silver and the other metals. It is also a headwind for GBP, EUR and the other majors. USDCHF, USDCAD and USDJPY should see some upside.
Thank you for hangin' with me for 2024! I hope you found a benefit in my weekly forecasts this year. 2025 will be even better!
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
Like and/or subscribe if you want more accurate analysis.
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
PENGU 4H bullish setupPengu is reaching a strong demand zone, maybe even a double demand zone stacked on eachother. For trading it's confirming a stonger level.
The trade idea is simple,
When price enters the demand level, I have a limit buy order placed there and ride the wave.
Opportunity Awaits on $FWOG - Scaling In Soon! I’m waiting to scale in at 24c, with a potential to add at 20c if conditions allow. Watching for a retest of the recent impulse move.
For this to happen, BTC would need to drop below 90k and into the low 80k range. Not expecting it unless we see that significant BTC pullback.
This is a macro play, and I’m willing to wait a couple of weeks to see how it plays out.
MEXC:FWOGUSDT
BTC Needs to Test $80kThe key levels are marked on the chart to identify potential support and resistance zones. The price seems to be hovering around the 0.382 retracement level (~92,695), with a potential move downward. The price has broken below the cloud, which could be interpreted as bearish.
The downward trend is targeting the region around the 0.786 retracement level. This area could act as a potential support zone.
Darvas Box Strategy - Break out Stock - Swing TradeDisclaimer: I am Not SEBI Registered adviser, please take advise from your financial adviser before investing in any stocks. Idea here shared is for education purpose only.
Stock has given break out. Buy above high. Keep this stock in watch list.
Buy above the High and do not forget to keep stop loss, best suitable for swing trading.
Target and Stop loss Shown on Chart. Risk to Reward Ratio/ Target Ratio 1:2
Stop loss can be Trail when it make new box / Swing.
Be Discipline, because discipline is the key to Success in Stock Market.
Trade what you See Not what you Think.
Darvas Box Strategy - Break out Stock - Swing TradeDisclaimer: I am Not SEBI Registered adviser, please take advise from your financial adviser before investing in any stocks. Idea here shared is for education purpose only.
Stock has given break out. Buy above high. Keep this stock in watch list.
Buy above the High and do not forget to keep stop loss, best suitable for swing trading.
Target and Stop loss Shown on Chart. Risk to Reward Ratio/ Target Ratio 1:2
Stop loss can be Trail when it make new box / Swing.
Be Discipline, because discipline is the key to Success in Stock Market.
Trade what you See Not what you Think.
Key Support / Resistance Breakout - Swing TradeDisclaimer: I am not a Sebi registered adviser.
This Idea is publish purely for educational purpose only before investing in any stocks please take advise from your financial adviser.
Key Support & Resistance Breakout. Stock has give Breakout of Resistance level. Keep in watch list. Buy above the high. Suitable for Swing Trade. Stop loss & Target Shown on Chart.
Be Discipline because discipline is the Key to Success in the STOCK Market.
Trade What you see not what you Think.
Vesuvius - Forming Cypher / Shark patternVesuvius has formed confirmation for bearish pattern to form Cypher / Shark.
It has potential for below targets;
4400 / 4000 / 3800 for Cypher pattern.
It may also touch 3350 if gives confirmation of shark formation.
NZDUSD Swing tradingWe're approching our zone of interest, if the price wil bounce we're gonna look for buys with Targets 0.5736; 0.5783. If we break the support we're gonna look for sells with final target 0.5366
Keep up to date!
Alpha is ALVAWith the mainnet going live in January and 2025 being the year of baskets I don't think people are ready for ALVA. This coin will send hard. FA and TA both looking good.
#NIFTY50 TRADE SETUP - 30TH DECEMBER !!Nifty 50 Chart Analysis - 1 day Chart VieW
NSE:NIFTY
Nifty 50 Chart Analysis - Detailed Breakdown
Key Observations:
1. Current Price Zone: The Nifty index is trading at 23,832, with the price consolidating near recent lows.
2. Key Resistance Zones:
- 24,197.50: A significant resistance level, aligning with prior price rejections and a potential reversal area.
- 24,069.95: Intermediate resistance that needs to be cleared for bullish continuation.
3. Key Support Zones:
- 23,586.25: A strong support zone where buyers might step in, preventing further downside.
- 23,262.15: A deeper support level, marking the lower boundary of the recent bearish structure.
4. Market Sentiment: The price action indicates uncertainty, with equal probabilities of breakout above the resistance or breakdown below support.
Price Movement Summary:
- Upside Potential: A breakout above 24,197.50 could push the index towards 24,300+ levels. Thiszone has been highlighted in the chart as a bullish target area (marked in red box).
- Downside Risk: If the index breaks below 23,586.25, it could test 23,262.15 or lower, as depictedin the bearish target zone.
Trading Plan:
1. Bullish Plan:
- Entry: Above 24,069.95.
- Target 1: 24,197.50.
- Target 2: 24,300+.
- Stop-Loss: Below 23,961.55 (current pivot zone).
2. Bearish Plan:
- Entry: Below 23,586.25.
- Target 1: 23,536.60.
- Target 2: 23,262.15.
- Stop-Loss: Above 23,832.45.
Summary:
- Nifty is at a critical juncture, with immediate resistance at 24,069.95 and support at 23,586.25.
- Traders should wait for confirmation (breakout or breakdown) before initiating positions.
- Risk management is crucial as the index approaches year-end volatility.
Disclaimer:
This content is for educational purposes only. It is not a recommendation to buy or sell any financial instrument.The creator is not a SE-BI-registered advisor. Please consult with a certified professional before making investment decisions.
Specific price range ($93K-$100K)Bitcoin cannot establish a new trend, and maintains a sideways trend. The rise may be the most likely outcome in the end.
According to the support and resistance strategy, this $93,000 price area is a support area and has more than one price bounce,
According to the support and resistance strategy, this $100,000 price area is a resistance area and has more than one price bounce
The appropriate solution if the price breaks through one of the supports or resistances after establishing the sideways channel,
Its breakout will be objective, according to the strategy, and we will decide that it is about to start a trend formation phase, 📈📉
Analysis with some probabilities in describing the trend;
So:
The price may draw new boundaries for it between (support and resistance) from downward and upward —
And it will remain in the shadow of respecting the maximum boundaries (of support and resistance)
Thus, search for the end of the matter,
ETH planThis is how I expect the ETH/USD price action to be in january. More consolidation in range is good.
BTCUSDT: Critical Breakout or Breakdown Levels AheadBullish Perspective:
If Bitcoin breaks above the key resistance at $98,085, it may continue its upward movement. A clean breakout and retest of this level could provide a good entry point for long positions, targeting the $103,421 and $108,213 resistance levels. Monitor the RSI for signs of bullish momentum, as a move above 50 could confirm strength.
Bearish Perspective:
If Bitcoin fails to hold the $93,724 support and breaks below $92,628, it could signal further downside. Short positions may be considered with targets near $88,000 and potentially $81,307. Watch for increased selling volume and RSI dipping below 40 for confirmation of bearish momentum.
