USD/JPY Outlook: Strong Support at 156.08, Targeting 159.00The USD continues to maintain its strength as the Fed keeps interest rates high to control inflation. With expectations that the Fed will maintain this policy for at least the next few months, the USD will continue to have an advantage in competition with other currencies, including the JPY. This supports the USD/JPY in maintaining its upward trend.
Looking at the technical chart, with an important support level at 156.08, this will provide momentum for the pair to continue growing and possibly break through the nearest resistance level at 157.69. Once this level is breached, the pair is likely to experience a strong upward movement, with the next target at 159.00.
Traders need to closely monitor the signals from the Fed and BOJ in their upcoming policy meetings, and use key support and resistance levels to make informed trading decisions.
Tradingsetup
LIOC.N00001. Key Technical Observations:
Price Breakout:
The stock has broken above a critical resistance level at 122 LKR (DR). This breakout indicates strong bullish momentum in the short term.
Trendline Resistance:
The stock is currently testing the descending trendline resistance (black diagonal line). A clear breakout above this trendline with volume confirmation could trigger a move toward higher levels.
Support and Resistance Levels:
Immediate Resistance: 124.50 LKR (current level) – needs a daily close above this zone to confirm a continuation of the uptrend.
Support Levels:
117.75 LKR (DM): Acts as immediate support.
115.75 LKR (DS): A fallback support zone.
111 LKR (WM): A key weekly support zone.
2. Indicators:
RSI (Relative Strength Index):
RSI is at 74.14, indicating that the stock is overbought. This suggests the possibility of a short-term pullback or consolidation.
MACD (Moving Average Convergence Divergence):
The MACD line has crossed above the signal line with increasing green histogram bars, signaling a bullish crossover and momentum.
3. Volume and Sentiment:
The breakout above 122 LKR occurred with significant volume, signaling strong buyer interest and bullish sentiment.
Volume confirmation is crucial for validating further upward moves.
4. Potential Targets:
If the stock breaks above the current 124.50 resistance and the descending trendline, the next potential targets are:
130 - 135 LKR Zone (based on previous highs).
Followed by higher levels depending on momentum.
Failure to sustain above 124.50 could see the price retesting supports at 117.75 LKR or 111 LKR.
TURBO - Bullish Chart - Breakout & ATHHello Traders
Today I share my opinion about the TURBO coin.
The chart looks very bullish and is preparing to breakout soon. Once this breaks out I think we will get a new all time high shortly after.
Support area: 0.007$ area
Resistance: 0.01$ area & 0.012$ area
If we breakout the triangle and flip the 0.01$ resistance I believe this will pump a lot. Another important thing is that this coin is still not listed on coinbase so this would be a potential reason for a massive price increase.
BofA's Triumphant Return: Stock Surges to New Heights● Following a significant rejection around the 46.5 level, the stock price dropped nearly 50%.
● However, it found support near the 24.3 level and staged a comeback.
● After nearly three years, it has now broken through its previous major resistance and is currently trading at an all-time high.
● There are expectations that this upward momentum will continue, pushing the price even further.
Tesla - New All Time Highs With Trump!Tesla ( NASDAQ:TSLA ) just broke above the last resistance level:
Click chart above to see the detailed analysis👆🏻
With Trump winning the election and Elon Musk being a supporter of Trump, Tesla is rallying significantly. But looking at market structure, this rally was also expected, considering that Tesla just broke out of a triangle pattern. Now Tesla will soon create new all time highs.
Levels to watch: $275, $410
Keep your long term vision,
Philip (BasicTrading)
"Looking for a Sell Setup Near Key Supply ZoneGold (XAU/USD) is currently trading at a critical level, and I am anticipating a sell setup near 2624. The zone aligns with a potential short-term resistance level, offering a solid risk-to-reward opportunity.
[* ]Entry: 2624
Stop Loss: 2630 (Above the recent high to avoid premature stop-outs)
Target 1: 2610 (Initial support level where price might react)
Target 2 (Full Target): 2600 (Key round number with historical significance)
This setup is supported by a strong bearish rejection at the supply zone, as indicated on the chart. With geopolitical tensions continuing in the Middle East and the U.S. Federal Reserve's uncertain policy outlook, gold's price is showing signs of exhaustion at higher levels.
Trend Shift Confirmation Setup - Eurusd short setupMarket Context:
Current Trend: The market appears to be in a bullish phase.
Counter-Idea: Following a tap on the Fair Value Gap (FVG) formed on July 18th, a potential shift toward a bearish trend exists.
Setup Breakdown:
SSR Flip Area:
A multi-tested SSR flip zone has been identified around 1.12032, having been tested three times. This indicates a strong potential for selling opportunities.
The latest test of this zone occurred on Monday, August 26th, which resulted in a structural shift in the market. This shift has led to the taking out of a daily low, suggesting a reversal in price direction.
Entry Analysis:
Key areas were initially mapped out on the daily timeframe and then refined on the hourly chart.
Previous liquidity areas that align with the current price movement were identified to enhance the entry strategy.
Additionally, areas exhibiting the strongest volume were mapped to ensure they are in proximity to the entry zone.
The ideal entry point was determined where the breaker block and FVG intersect, creating a confluence of signals.
Risk Management:
The entry was strategically placed at the middle of the breaker block, FVG, and SSR flip areas. This approach ensures an optimum entry point while managing risk effectively.
It is crucial to emphasize that traders should conduct their own analysis before executing any trades.
Important Reminder:
Risk Management:
If you decide to take this trade, be sure not to risk more than 1% of your capital to safeguard your investment. Trading inherently carries risks, so it’s essential to trade wisely and make informed decisions.
Bitcoin Price Update: $103K in Sight?Currently, the price has reached the top of the corrective triangle pattern, leading to two possible scenarios:
1. Scenario One: The price makes another correction toward the bottom of the triangle and then moves upward to reach higher targets.
2. Scenario Two: The price breaks above the top of the triangle and continues its upward movement.
TP1: $96,790 (+6%)
TP2: $103,000 (+12%)
Can Bitcoin reach the $103K targets? What’s your prediction?
Share your thoughts in the comments.
THE STOCK GAUNTLET HAS BEGUN! GOOGLE 1/17⚔️🛡️ THE STOCK GAUNTLET HAS BEGUN! ⚔️🛡️
STOCK/TRADE UPDATE: 1/17
1⃣ NASDAQ:GOOG NASDAQ:GOOGL
Show some love: ❤️
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NASDAQ:GOOG NASDAQ:GOOGL
Adobe - Triangle Textbook Long Setup!Adobe ( NASDAQ:ADBE ) is breaking out soon:
Click chart above to see the detailed analysis👆🏻
After creating a rally of +2.000% over the past decade, Adobe created its all time high back in the end of 2021. The consolidation ever since has been quite expected, especially looking at market structure. But if Adobe breaks out of the current triangle, we will see new all time highs.
Levels to watch: $440, $560
Keep your long term vision,
Philip (BasicTrading)
Intel - Still Got Another +15% From Here!Intel ( NASDAQ:INTC ) is perfectly respecting structure:
Click chart above to see the detailed analysis👆🏻
For more than two decades, Intel has not been trading in any clear trend. We saw a lot of swings towards the upside which were eventually always followed by corrections, making Intel a very easy to trade stock. After the current retest of support, a move higher will eventually follow.
Levels to watch: $20, $27
Keep your long term vision,
Philip (BasicTrading)
Netflix - This Is A 100% Probability Setup!Netflix ( NASDAQ:NFLX ) will continue its parabolic rally:
Click chart above to see the detailed analysis👆🏻
With this monthly candle, Netflix finally broke above the previous all time high and it about to continue the reversal triangle pattern cycle. We saw the same breakout back in 2013, when Netflix broke above the all time high and then started an even stronger rally of about +50%.
Levels to watch: $750, $1.000
Keep your long term vision,
Philip (BasicTrading)
Next Target for DYDXUSDT After Downtrend BreakoutThe DYDXUSDT pair, after breaking out of the downward channel to the upside, is currently forming higher lows and highs. The Fibonacci extension of the previous bullish wave aligns with the 1.3500 level, which also corresponds to the previous high. Therefore, our target price is set at this level.
SL (Stop Loss): 1.1742
TP (Take Profit): 1.3500
Risk/Reward Ratio: 1.67
Do you think we’ll hit the target? Let’s discuss your insights and predictions below! And don’t forget to like if you found this analysis helpful
Mastering the Anchored Volume Profile: Setup & Tutorial on TVMastering the Anchored Volume Profile: Setup & Tutorial on TradingView 📊
The Anchored Volume Profile is a powerful tool that traders use to visualize volume distribution over a specified price range, providing critical insights into market behavior. Here’s a detailed description of its setup and usage on TradingView:
In this video, we will be going in-depth into the following areas:
What is the Anchored Volume Profile?
The Anchored Volume Profile is a specialized indicator that helps traders understand the distribution of traded volume at different price levels. Unlike traditional volume profiles that analyze data over a fixed time period, the anchored version allows traders to anchor the volume analysis to specific bars, candles, or price points.
Why Use the Anchored Volume Profile?
Identifying Support and Resistance Levels: You can easily identify key support and resistance levels by analyzing where the most volume has been traded.
Spotting Trends and Reversals: High-volume nodes can indicate areas of strong interest, helping to predict potential trend continuations or reversals.
Improving Entry and Exit Points: Knowing where the market participants are most active can significantly enhance your decision-making process for entries and exits.
How to set up the Anchored Volume Profile on TradingView:
Add the Anchored Volume Profile Indicator:
Click on the “Indicators” button at the top of the chart.
Search for “Anchored Volume Profile” in the search bar.
Select it from the list and apply it to your chart.
Anchor the Indicator:
Click on the anchor icon that appears on the chart.
Drag it to the specific bar, candle, or price point where you want to start your volume analysis.
Customize Settings:
Adjust the settings to suit your trading style. You can modify the range, color, and other parameters to better visualize the data.
Using the Anchored Volume Profile:
Analyzing Volume Nodes: Identify high and low volume nodes. High volume nodes often act as support or resistance, while low volume nodes might indicate potential breakout areas.
Understanding Market Sentiment: See where the majority of trading activity has taken place to gauge market sentiment.
Making Informed Decisions: Use the insights from the volume profile to make better-informed trading decisions regarding entries, exits, and stop-loss levels.
Sound Hound Ai is about to turn the volume up! 98% Move InboundNASDAQ:SOUN
🔊 NASDAQ:SOUN Update 🔊
We are 6/6 on earnings plays, and now we’ve got the #HIGHFIVESETUP on Sound Hound Ai! 🧠
Called this out a week or two ago, and if you stayed patient and ignored the noise, you had the chance to build your position during the retest of the symmetrical triangle breakout. Now, we’re geared up for a higher move heading into earnings next week.
Here’s what’s happening:
Pullback to the volume shelf and 9/21 EMA: We’re bouncing off, maintaining a higher low from the breakout point—bullish channel intact! 📈
HAMMER candle forming: This reversal candlestick signals a big move higher is on the horizon. 🔨💥
The jacuzzi is reaching that perfect temperature—are you hopping in or missing out? 🚀🌊
Check out the full video and original @TradingView editors' pick linked to this post.
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Tesla - This Will Be A Wild Ride!Tesla ( NASDAQ:TSLA ) is deciding about its future in the next 8 days:
Click chart above to see the detailed analysis👆🏻
During the next 8 days - until this monthly candle closes - we will see whether or not Tesla will enter the next major bullrun. Currently Tesla is trading at the important triangle breakout level after dropping about -20% this month so far. The future of Tesla will depend on this breakout.
Levels to watch: $160, $200, $270
Keep your long term vision,
Philip (BasicTrading)
Nifty Bank Index Analysis (30-Minute Chart)Key Observations:
1.Fibonacci Retracement Levels:
The chart shows a clear downtrend from around 54,497 to the recent low near 50,279.
Key retracement levels include:
23.6% Retracement : Around 53,497, indicating minor resistance.
38.2% Retracement : Near 52,882, a level that has acted as resistance multiple times.
50% Retracement : Around 52,385, which has been retested recently.
78.6% Retracement is seen at 51,180.8, a key level of support.
2.Moving Averages (MA):
The 30-minute chart shows price movement interacting with multiple MAs.
The 200-period MA is an essential indicator of trend direction and resistance/support.
Shorter MAs like the 20 and 50 periods can highlight entry points during trend reversals.
3.Support and Resistance Levels:
Resistance: 52,389.90 and 53,497.15. Breaking these could signal bullish momentum.
Support: 51,195.90 and a lower support at 50,279.50, which marks the recent low.
4.Trendline Channels:
The index is moving within a channel, with an upward support trendline. The price respecting these levels might suggest range-bound movement with breakout potential.
3.Volume Analysis:
Recent volume spikes align with price testing key resistance levels, hinting at possible rejection or continuation if volume sustains.
I believe Celsius ($CELH) has finally bottomed! Here's WHYNASDAQ:CELH
Is NASDAQ:CELH next on the #HIGHFIVESETUP Earnings Hit List?! 🗒️🖊️
- Fundamental analysis with a look at Celsius in my Valuation Analyzer
- Higher Five Setup trading strategy
- Taking a look at the Williams R% and how it just showed it's hand
This could be a game-changer! 📈💥
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#Earnings #TradingStrategy #StockMarket #CELH
Salesforce Set to Soar: Here’s Why!NYSE:CRM
Salesforce Set to Soar: Here’s Why!
Salesforce is primed for a major move higher, and here’s why:
1️⃣ #HIGHFIVESETUP: Our proven trading strategy signals bullish trends.
2️⃣ Bull Flag Breakout: Already breaking out, heading toward the next key point.
3️⃣ Massive 3-Year Cup-and-Handle Pattern: NYSE:CRM is on the verge of a significant breakout.
4️⃣ Impressive FCF Growth: Driving higher margins and profitability.
🎯 Price Targets:
First Price Target: $383 (Aug 2025)
Second Price Target: $500 (2028)
What do you think of this trade setup? Are you adding it to your watchlist?
NFA
#trading #QQQ #SPY
Gold Market Outlook: Analyzing Buy Signals and ATH PossibilitiesA great purchase opportunity is indicated by our current market analysis , which shows a tested support level at 2735-2730 . Given these indicators, the market might hit a new all-time high (ATH) . My research suggests that XAUUSD is a good buy , especially as fundamentals imply that the dollar may depreciate , likely strengthening gold’s value. Additionally, we can expect selling pressure around the supply level of 2773-2780 ,
but I’m also confident that NFP (Non-Farm Payroll) shows a compelling buying opportunity .
A* boost would be greatly appreciated if you found this analysis useful; it’s always encouraging to know my observations are understood!
SUIUSDT Trading Setup: Order Block Retest with Bullish ContinuatWe’ve identified a compelling trade setup on BINANCE:SUIUSDT , showing potential for bullish continuation. After establishing a solid order block around 0.7700, price action suggests an upcoming retest of this zone, which could be followed by a strong upward move.
Key Levels & Strategy:
Entry Point: The recommended entry lies around 0.7700, a critical order block (OB) zone where demand has previously stepped in. The price has tested this level before, and another successful retest could lead to a bounce upward.
Stop Loss: Risk management is crucial to protect your position:
High Leverage Traders: Consider placing your stop loss at 0.7606, just below the OB, to safeguard against potential volatility.
Low Leverage Traders: Opt for a safer stop loss at 0.7406, allowing more breathing room for the trade to play out.
Take Profits: Scale-out profits at the following levels:
TP1: 0.8088, a minor resistance area where traders could lock in initial profits.
TP2: 0.8360, an intermediate target where previous liquidity zones reside.
TP3: 0.9642, a higher target where bulls could aim if momentum sustains.
Market Sentiment:
The price action is currently forming higher lows, indicative of underlying bullish strength. Additionally, the potential order block retest around 0.7700 gives us a clear entry point, supported by the upward momentum that could push price towards the upper resistance targets. This setup aligns well with the broader market trend, where buyers seem to be taking control after periods of consolidation.
just The chart you've shared for Justdial Ltd. (NSE: JUSTDIAL) displays a classic **Cup and Handle** pattern, a bullish continuation pattern that often signals a possible upward breakout. Here’s a detailed analysis
### 1. **Cup Formation ☕**
The stock made a rounded bottom, forming the “cup” part of the pattern.
📉 During this phase, volume gradually decreased, showing limited selling pressure, meaning holders weren’t keen on offloading their positions.
- 📈 As the price hit the bottom, buyers started stepping back in, visible from the slight rise in volume.
### 2. **Handle Formation 🖐️**
After reaching the cup's top, the stock entered a consolidation phase, forming a "handle."
This handle is a brief pullback or minor correction that typically shakes out weaker hands before a potential breakout.
📊 Volume during the handle formation was moderate, showing a controlled selling with no significant panic among investors.
### 3. Breakout & Retest 📈🔄**
After the handle phase, the stock broke out above the resistance level, confirming the cup and handle pattern.
- 🔍 Notice the candle and volume spike during the breakout—this is a positive sign, indicating strong buying interest.
🔄 The stock later returned to retest the breakout level, which acted as new support around ₹1,125.55. This successful retest often reinforces the breakout, providing an entry point for cautious buyers.
### 4. **Volume Analysis 📊**
Volume patterns align with the structure: low during the cup formation, increasing during the breakout, and supportive during the retest.
Consistent volume during a breakout strengthens the pattern’s reliability, showing investor confidence in the upward move.
### 5. **Key Levels to Watch 📍**
**Support**: ₹1,125.55, the breakout level now acting as support.
**Resistance**: Around ₹1,308.85 (current price area), a level that buyers may aim to surpass.
If the price breaks above this resistance with strong volume, it could indicate further upside potential.
### 6. **Outlook 🚀**
The **Cup and Handle** is generally a bullish formation, suggesting further upside is possible if the stock maintains support levels. (no recommendation for the buy and sell)
However, always keep an eye on overall market conditions and set stop-loss orders to manage risk effectively.
This setup reflects positive momentum, with Justdial Ltd. potentially preparing for a continued rally if it breaks through its recent high.