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Bullish Patterns

Gold’s Bullish Breakout: Long-Term Perspective and Key Buy Zone Since July 2020, through February 2022 and April 2023, Gold held a solid three-year resistance, unable to break the 2075 level. It wasn't until a previous swing low at 1984+ broke that we saw a key high/resistance break above 2144+. Since then, Gold has been performing exceptionally well and has remained my go-to commodity for trading. From my perspective, it’s all buys until the next major resistance level kicks in. Anything from 2496+ to the current price of 2586 is a pullback, and this area should be the primary focus for buys. I remain a firm believer that Gold is heading towards $10,000 per troy ounce – a view I've held since 2017. OANDA:XAUUSD
FX:XAUUSDLong
by MoNi_MoN
USDJPY: Slight Bullish Bias This Week? (19/09/2024)As of September 19, 2024, traders are closely monitoring the USDJPY pair for potential bullish momentum. Several fundamental factors and market conditions indicate that the pair might see a slight upward bias this week. Let’s dive into the key drivers affecting the USDJPY price action. 1. Diverging Central Bank Policies One of the primary influences on USDJPY is the monetary policy divergence between the Federal Reserve (Fed) and the Bank of Japan (BoJ). - Federal Reserve’s Stance: As we move into the week, the market expects the Fed to maintain a hawkish stance or at least keep interest rates elevated. Although there’s some speculation about a possible pause in future rate hikes, the Fed's priority remains controlling inflation. This higher interest rate environment in the US makes the US dollar more attractive, pushing USDJPY upwards. - Bank of Japan’s Ultra-Loose Policy: In contrast, the BoJ continues its ultra-loose monetary policy, aiming to stimulate Japan’s sluggish economy. Despite rising inflation in Japan, the BoJ has shown little inclination to raise rates aggressively. This Interest rate differential between the US and Japan tends to weaken the yen, giving a bullish outlook for USDJPY. 2. Risk Sentiment in Global Markets Risk sentiment plays a crucial role in the movement of USDJPY. When global markets are in a risk-off mode, investors tend to flock to safe-haven assets like the Japanese yen, strengthening it. However, recent global economic data and financial news have maintained a somewhat stable risk appetite, leaning towards a risk-on environment. - US Economic Data: Recent reports from the US, such as better-than-expected retail sales and strong labor market data, continue to support the narrative of economic resilience. This fuels demand for the dollar and supports USDJPY’s bullish momentum. - Global Geopolitical Risks: While geopolitical tensions in regions like Europe and the Middle East may inject some volatility, there hasn’t been a major shift toward a risk-off sentiment that would heavily favor the yen. For now, dollar strength seems to dominate. 3. Japanese Economic Conditions Japan’s economy continues to struggle with low growth despite rising inflation. The BoJ’s consistent approach to stimulus, combined with the government's push for wage growth, has not yet translated into significant yen strength. Additionally, trade deficits in Japan, exacerbated by higher import costs, have weighed on the yen’s valuation. Without a major shift in BoJ policy or a significant improvement in Japan's economic performance, the yen will likely remain under pressure, keeping USDJPY on a slightly bullish path. 4. US Bond Yields US Treasury yields are another major factor driving the USDJPY. Higher US bond yields, often seen in response to tighter monetary policy and strong economic data, make the dollar more attractive to foreign investors. The upward trajectory of bond yields has been a persistent theme, reinforcing dollar strength. If this trend continues through the week, we can expect additional support for USDJPY. 5. Technical Indicators Looking at the technical analysis for USDJPY, the pair has been trading near key resistance levels in recent sessions. If the pair breaks above these resistance zones, we could see further bullish momentum. - Key Support and Resistance Levels: The 145.00 level has been a psychological support level for USDJPY, while 148.50 serves as resistance. Should the pair break beyond this resistance, it could trigger more buying pressure, pushing USDJPY higher. Conclusion: USDJPY’s Slight Bullish Bias In conclusion, the USDJPY pair is expected to exhibit a slight bullish bias this week, primarily driven by: - Monetary policy divergence between the Fed and BoJ. - Favorable US economic data and rising Treasury yields. - Limited economic growth in Japan, with persistent trade deficits. - Stable global risk sentiment supporting the dollar over the yen. Traders should keep an eye on US bond yields, Fed comments, and any sudden shifts in risk sentiment or geopolitical events, as these could influence USDJPY’s trajectory throughout the week. --- Keywords: - USDJPY forecast - USDJPY bullish bias - USDJPY analysis September 2024 - USDJPY technical analysis - USDJPY key drivers - USDJPY trading strategy - USDJPY and Federal Reserve policy - USDJPY support and resistance levels - USDJPY risk sentiment - USDJPY bond yields impact
Short
by PERFECT_MFG
BRETT/USDT: ABOUT TO BREAK OUT! 150% MOVE EXPECTED!!Hey everyone! If you enjoy this analysis, a thumbs up and follow would be greatly appreciated! BRETT looks good here. It tries to break out from the descending triangle in the daily time frame. A confirmed daily close above the triangle would lead to a 100-150% move to the upside. Entry range:- $0.07-$0.08 Target:- 100-150% SL:- $0.056 What are your thoughts on BRETT's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
Long
by CoreCrypto1
gold idea hidden orders sitting a bit higher $$$ #BookMap "Your income is directly related to your philosophy, not the economy." — Jim Rohn This emphasizes the importance of mindset and attitude in achieving financial success. We have orders sitting at the the top, you probably could see them if you were using book map so I would buy and set a trailing stop loss as price rises up VWAP will help us enter and exit so no need to list entry and exit THanks and out - Trade God
OANDA:XAUUSDLong
by TradeGod003
1
Bulls have the Bears by the "Neck" - AUHere I have AUD/USD on the 4Hr Chart! Price is now using the "Neckline" or Support of the failed Head & Shoulders the Bears were unable to finish, and pushing Higher breaking through the Falling Resistance created by the Highs of the "Head" and "Right Shoulder". Now I believe with an on-going Rate Cut cycle about to begin for the Federal Reserve, we will start to see the Bulls undo the previous Head & Shoulders Pattern one Swing High at a time! If Price will need to find some Support before it begins to continue further Higher, this Support can be found at either: - The High just before the Break @ .6732 or - Retesting the Break of Falling Resistance + FVG @ ( .6720 - .6715 ) Indicators: - RSI Above 50 - BBTrend printing Green Bars - Volume Delta showing Bullish presence increasing *TP1 - .67672 *TP2 - .68236
Long
by Novi_Fibonacci
2
RNDR Long Spot Position (Support Consolidation)Market Context: RNDR has been consolidating in a key area of support, providing a good opportunity to enter a long spot position. Trade Setup: Entry: Ladder into a long spot position in the $4.20 - $5.00 support zone. Take Profit: First target: $5.90 - $7.05 Second target: $9.80 - $11.00 Stop Loss: Just below $3.90 📊 This setup takes advantage of the support consolidation with defined risk and potential upside. #RNDR #Crypto #LongTrade
Long
by Richtv_official
LINK Long Position (Consolidation Breakout)Market Context: LINK has been consolidating at support for the last six weeks, and this provides an opportunity to ladder into a long spot position with a favorable risk-reward ratio. Trade Setup: Entry: Enter a long spot position around $10.20. Take Profit: First target: $12.00 - $13.00 Second target: $16.00 - $17.00 Stop Loss: Just below $9.30 📊 This setup capitalizes on the consolidation at support with potential upside targets in a bullish market environment. #LINK #Consolidation #Crypto
Long
by Richtv_official
DIONE 1H BULL FLAG?Potential bull flag setup on DIONE/USDT 1H TF. A very exciting L1 project using 100% renewable energy. IMO it's one to watch going into 2025, being environmentally friendly fixes the ethical argument that crypto is bad for the environment, this could be a massive pro for the project going forward when the L1 choice will narrow down as the winners rise to the top during the adoption phase. For now on the 1H TF there is a potential bull flag breakout LONG setup. After a strong rally price has been accumulating with Lower highs and Higher lows, compressing waiting to expend in either direction. TA suggests a bull flag should be a continuation to the upside. This would be backed up by the 1D chart where price is above the daily support & 1D 200EMA, the draw on liquidity should now be above so this suggests a bullish continuation. For DIONE to breakout below it would have to lose the 1H 200EMA while it's in a steep uptrend. I think that would have to come from BTC nuking and with FOMC that's possible due to volatility of news events, however it is less likely than the bullish scenario IMO.
by ProR35
Philip Morris (PM) AnalysisCompany Overview: Philip Morris International NYSE:PM is aggressively shifting toward a smoke-free future, with a significant portion of its revenue now derived from reduced-risk alternatives to traditional cigarettes, such as Zyn nicotine pouches and Iqos heated tobacco devices. The company's commitment to innovation and smoke-free products is reshaping its business model and driving future growth. Key Catalysts: Transition to Smoke-Free Products: Philip Morris now generates 40% of its revenue from alternatives like Zyn and Iqos, underscoring the successful transformation of its product lineup toward reduced-risk products. Zyn's Strong Performance: Zyn nicotine pouches experienced 50% growth in the U.S. and global markets. PM's focus on expanding into new regions highlights the robust consumer demand for smokeless nicotine products, enhancing its growth outlook. Hedge Fund Confidence: Renowned hedge fund manager Stan Druckenmiller recently invested in nearly 900,000 shares of PM, indicating strong institutional confidence in the company's future trajectory and ongoing transformation. Investment Outlook: Bullish Outlook: We are bullish on PM above the $110.00-$111.00 range. Upside Potential: The upside target for Philip Morris is set at $172.00-$174.00, driven by the growing revenue from smoke-free products, continued expansion of Zyn and Iqos, and significant institutional interest. 🚬 Philip Morris—Leading the Way to a Smoke-Free Future. #SmokeFreeFuture #ZynGrowth #InnovationInNicotine 🌱
NYSE:PMLong
by Richtv_official