With a double divergence of the rsi, a new long is ripe for the picking. take profits at .5, 1, and 2 of the previous fib.
ETH is showing weakness, and it doesn't look good for an alt season. Obviously, the pressure stems from the fear that BTC is bringing. However, we need to stay alert for the next move. Both BTC and ETH need to be in confluence for the continuation of this bull run but at the moment the sell-off continues until BTC and ETH get oversold.
Netflix is marginally bearish on its 1D technical outlook (RSI = 43.757, MACD = 4.950, ADX = 42.375) as the December correction is testing now the 1D MA50. Technically this has been the trend's support since mid August 2024. The 2 year Channel Up offers useful conclusions here. Each of its past January months (2023 and 2024) saw a surge of +38% from their closest low. If this is repeated again, then the price will test the Channel's top. Aim for that +38% rise (TP = 1,200). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
My main trading principle is that the price always moves from swept liquidity levels to untouched liquidity levels. In particular case we clearly can see the following context: price swept 1D and 1W key liquidity level and left untouched level lower, this indicates on probable distribution Wyckoff range. But to take more statistically probable trades we should wait for some type of lower timeframe confirmation, and in this case we can notice sign of weakness (reaching the middle of the range), so potentially there is a higher probability to see price lower. Your success is determined solely by your ability to consistently follow the same principles.
EURAUD - 24h expiry The medium term bias remains bearish. A higher correction is expected. Preferred trade is to sell into rallies. Bespoke resistance is located at 1.6680. The hourly chart technicals suggests further upside before the downtrend returns. We look to Sell at 1.6680 (stop at 1.6730) Our profit targets will be 1.6540 and 1.6510 Resistance: 1.6660 / 1.6700 / 1.6750 Support: 1.6600 / 1.6550 / 1.6500 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
https://www.tradingview.com/x/AvhfLKkn/ ✅GBP_AUD went down to retest a horizontal support of 1.9763 Which makes me locally bullish biased And I think that a move up From the level is to be expected Towards the target above at 1.9919 LONG? ✅Like and subscribe to never miss a new idea!✅
I posted earlier today to buy on USOIL | OIL | CL1!, We set a 1:2 trade but since today is a holiday and the markets are slow, we closed after that we have an equal high and the market swept them. We had a wonderful trade in a closed market. Follow for more!
Hello, dear friends!? Ethereum's 6-hour chart is currently showcasing a Head and Shoulders (H&S) pattern, one of the most well-known reversal patterns in technical analysis. This setup could signal a potential trend shift, making it a critical moment for traders to keep a close eye on. https://www.tradingview.com/x/TmHS5wx8/ What is a Head and Shoulders Pattern? The H&S pattern consists of three peaks: Left Shoulder: A rise followed by a small dip. Head: A higher peak, marking the top of the pattern, followed by another dip. Right Shoulder: A smaller rise, typically symmetrical to the left shoulder. The "neckline" connects the lows of the two dips (between the head and the shoulders) and serves as the key level to watch. Why Is This Pattern Important? The Head and Shoulders pattern often indicates a shift from an uptrend to a downtrend. It suggests that buyers are losing momentum and sellers are beginning to take control. How to Trade the Head and Shoulders Pattern 1️⃣ Wait for the Breakout The pattern is not confirmed until the price breaks below the neckline. A breakout is typically accompanied by increased volume, which adds credibility to the move. 2️⃣ Set Your Entry Once the neckline is broken, you can enter a short position (or sell if you're holding ETH). Conservative traders may wait for a retest of the neckline as resistance before entering the trade. 3️⃣ Measure the Target The potential price target is calculated by measuring the distance from the top of the head to the neckline. Subtract this distance from the neckline to estimate the price drop. 4️⃣ Set Your Stop-Loss Place your stop-loss above the right shoulder to limit risk in case the pattern fails. If the neckline breaks, this could lead to a significant move lower, presenting a lucrative trading opportunity. However, patience is key—wait for confirmation before taking action. Always use proper risk management, as false breakouts can occur. Ethereum's price action is heating up, and this Head and Shoulders pattern might just be the setup savvy traders have been waiting for. Stay sharp and trade wisely! Stay tuned for updates, and let me know your thoughts in the comments. Sincerely Yours, Kateryna ?
On the BTCUSDT 4H chart, key support and resistance levels are becoming clear. The RSI indicator is near the oversold region, signaling a potential rebound. The 90,767 level stands out as a critical turning point. **Bullish Scenario (Green):** If the price finds support at 90,767, it could bounce back and target the 95,113 and 99,407 resistance levels. **Bearish Scenario (Red):** If the price breaks below 90,767, a drop toward 88,713 is likely, with further declines to 85,129 and 81,875 possible if the bearish momentum continues. Keep an eye on the price action around the key 90,767 level for confirmation of the next move."
hello There is no cut, but in the current market and the positive news of Mr. Trump and the strong foundation of the currency, I think the currency may become stronger.