nifty 50NSE:NIFTY
WAIT and Watch!
Could be Tricky!!!!!
lets see, Fingers crossed.
Note :
1. One should go long with a StopLoss, below the Trendline or the Previous Swing Low.
2. Risk :Reward ratio should be minimum 1:2.
3. Plan your trade as per the Money Mangement and Risk Appetite.
Disclamier : You are responsible for your profits and loss.
The idea shared here is purely for Educational purpose.
Follow back, for more ideas and thier notifications on your email.
Support and Like incase the idea works for you.
Trend Analysis
GOLD - Price can start to decline, breaking support levelHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
Some days ago price fell inside falling channel, where it soon reached and broke at once $2720 level.
Then price continued to decline and later fell to $2535 points, after which XAU started to grow.
Price exited from falling channel and soon entered to flat, breaking $2620 level, where it soon reached top part.
After this, price was corrected and some time traded near $2620 level, and then grew to top part one more time.
But soon, Gold turned around and declined Below $2620 level, exiting from flat and recently rising back to this level.
Now, I think that Gold can make a small move up and then start to decline to $2540
If this post is useful to you, you can support me with like/boost and advice in comments❤️
A TITLE ChatGPT said: ChatGPT "AUD/USD: Pullback to Resistance
**AUD/USD Analysis**:
The price has broken a support zone and is now pulling back toward it, potentially testing it as resistance. Given the descending trendline, the bearish structure is intact. A reversal from the resistance area could lead to a continuation of the downtrend toward lower targets.
Would you like a chart illustration for thi
Daily Analysis of Ethereum – Issue 234The analyst believes that the price of { ETHUSD } will decrease in the next 24 hours. This prediction is based on quantitative analysis of the price trend.
Please note that the specified take-profit level does not imply a prediction that the price will reach that point. In this framework of analysis and trading, unlike the stop-loss, which is mandatory, setting a take-profit level is optional. Whether the price reaches the take-profit level or not is of no significance, as the results are calculated based on the start and end times. The take-profit level merely indicates the potential maximum price fluctuation within that time frame.
Planning SPX Longs into A Break Lower SPX made the top off the 2.61 and today on the news of rate cuts it slammed to the implied target level for that.
Hit targets on a lot of my shorts today. Have some extremely deep OTMs still running but these are a nominal part of my risk and just there to benefit from a super rejection of the macro 4.23 fib.
In terms of nearer term swing assessment, we're now getting close to the level I think we'd be likely to find support if this is a bull move that is just having a flash crash correction.
Planning to start picking up longs if we spike down closer to 5800. Will likely buy deep OTM calls at this price if we hit it.
Broadly speaking risk off on my positions at the moment. Banked most of my profits. Don't plan to do much trading the rest of the year.
Do plan to do a lot of trade plan prepping for decision at the macro inflection point.
Whatever way it goes, my hypothesis is we're going to see faster and faster markets going forward. Great times to be a trader. I want to make sure I'm prepped to benefit from any of the "Known" outcomes that fit inside my strats.
ETH - Update After DumpClearly we see the 0.618 (predicted level) around $4,100 is the most important level of this trend. Please review these two previous posts regarding this level for more information.
No after a second rejection at this level we are looking for levels of support. Right now, the $3,500 is the most important level to hold. If we lost that level the next major area of support is between $3,200-$3,300. The absolute worst case scenario would be a drop around $2,700-$2,800ish to form the right shoulder of a potential inverse head and shoulders pattern. We have been pointing out this possibility for a while. You can find our previous analysis regarding our H&S pattern here:
Once we start closing candles above the $4,100 level that will be the start of the next major leg for ETH and altcoins.
Bearish drop off pullbacksupport?WTI oil (XTI/USD) has reacted off the pivot and could srop to the 1st support which acts as a pullback support.
Pivot: 69.65
1st Support: 68.56
1st Resistance: 70.71
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
META pullback to $586MODs have suggested that I provide more detail about the picks I make.
Sorry. I'm not as verbose as y'all, and I don't like things to be complicated.
My trading plan is very simple.
I buy or sell at top & bottom of parallel channels.
I confirm when price hits Fibonacci levels.
So...
Here's why I'm picking this symbol to do the thing.
2HR CHART (expect target to hit THIS WEEK)
Price at or above top of channels (period 100 52 39 & 26)
Stochastic Momentum Index (SMI) at overbought level
VBSM is spiked positive
Price at or near 3.618 Fibonacci level
Target is $586 or channel bottom
When is altcoinseason?
I think altcoinseason is getting closer.
We have to follow the trend line, the dominant one has already reached a sensitive area, it may go up a little more, even up to 66%, who knows, maybe even a little more, but when the trend line breaks, that's when we'll have the first serious signs from the start of altcoinseason.
It is quite difficult to reach the 70% area because the market in general has matured and matures from cycle to cycle.
DeGRAM | GBPUSD trend line testingGBPUSD is in a descending channel between the trend lines.
The chart still maintains the descending structure.
The price has already reached the lower boundary of the channel and the dynamic support, which has already acted as a rebound point last time.
MACD and RSI indicators on the 1H Timeframe indicate the formation of divergence.
We expect a rise if GBPUSD can successfully hold the lower trendline.
-------------------
Share your opinion in the comments and support the idea with a like. Thanks for your support!
CADJPY Expected to Rise as BOJ Doesn't Support JPYCADJPY Expected to Rise as BOJ Doesn't Support JPY
Yesterday, the Bank of Japan (BOJ) decided to keep the interest rate unchanged at its latest meeting, showing hesitation about future rate hikes. The market's initial reaction was to trade against the JPY, resulting in a devaluation of at least +200 pips across most of its pairs.
Japan's core inflation accelerated in November due to rising food and fuel costs, which is putting pressure on the central bank to raise interest rates. However, this is only speculation, and no decision has been made.
Given the BOJ's stance, CADJPY may rise further from the current zone.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Gold Trade plan 202/12/2024Dear Traders,
Gold Still Hold 2590 Level , i expect price will be start Downward movement from 2636-2637 level and my final Target is 2650-2660 Area ,
"If you enjoyed this forecast, please show your support with a like and comment. Your feedback is what drives me to keep creating valuable content."
Regards,
Alireza!
Falling towards overlap support?EUR/JPY is falling towards the pivot which has been identified as an overlap support and could bounce to the 1st resistance which acts as a pullback resistance.
Pivot: 162.11
1st Support: 160.37
1st Resistance: 164.43
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
KSE 100 index - Correction Underway!The index after making HH @ 117039, has gone into correction, the index has retraced to 0.5 level of FIB today, another possible retracement could be till 102,000, in worst case scenario, it will be retraced to around 100k
The index as per my analysis is likely to make a reversal from these levels as 21 moving average has been tested !
Stay tuned for more updates. Keep your SL on all your stocks in place to secure your profits.
Corn - Back into Stable RangeWhen the 441'0 historical resistance level is reached from below after having not been approached from below in at least a few months, it has served as resistance 5 out of the last 8 times. The theory here is that it will serve as resistance again and that corn will fall back into the "stable range" of 316' to 441'. There is a downtrend channel which also is serving as resistance. If the bearish theory fails, the upside potential is significant. Downside and upside targets are shown on the chart. This is one to watch and see how it plays out on hourly/daily TFs with a bearish bias. I'm bearish below 441', cautiously bullish above. No trade entry at this point.