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More Pressure on GBPUSDHi Traders! GBPUSD has a bearish outlook on the 4H chart, and we could have a breakout soon as further pressure is quickly mounting on the pound. Here are the details: Looking at the price action, it looks bearish due to the market swings; the market has tested the support trendline multiple times and has had a recent price rejection at 1.26548. Additionally, the market has broken below the 20 EMA. We also have BoE Governor Bailey speaking later, and the traders will be very nervous about the worse-than-expected results from the MPC vote earlier this month. As long as the market is still below the 20 EMA, our view will remain bearish. The confirmation signal will be either a break and close below the support trendline or an opening candle below the support trendline. Preferred Direction: Sell Technical Indicators: 20 EMA Resistance: 1.26548 Support: 1.26000 Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Short
by BluetonaFX
Anta Sports: Final Descent 🛬Anta Sports recently continued to rise after an impulsive downward spike narrowly missed the magenta Target Zone between HK$58.95 and HK$33.60. Thus, it is quite possible that this downward spike has already completed the low of the green wave (2) and that the stock is now marching higher. However, we are not convinced that this is the case, so we believe that the stock will soon pull back, drop below the support level of HK$67.85, and then run into our magenta Target Zone. Once this has been explored, we expect the wave (1) in magenta to lead to strong rallies above the resistance at HK$125.30.
HKEX:2020Long
by MarketIntel
USDCAD Resistance Third Attempt Hi Traders! There may be a break soon as USDCAD looks to test the 1.35440 resistance area for a third time. Here are the details: The price action looks bullish; the market swings are getting higher, and the 20 EMA support re-test has held. Our idea here is to buy market dips leading up to 1.35440 for a possible break above if the bullish momentum continues. The long-term target is around the 1.36269 area, as we expect some resistance there. Preferred Direction: Buy Technical Indicators: 20 EMA Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Long
by BluetonaFX
BTC Not in the clear just yetImo I like to use diag support just as much as horizontal support. I've had this chart marked up this way for some time now. As you can see from previous charts, this could be an update. Bitcoin had a nice strong push today up to the 44.2 level Looking at my chart we can see chart patterns using diag support. I was targeting the 40k level and still had my eyes on 32k but if we can push through here we could see 52K I currently have a leveraged position at 26k and i would like one more. I was hoping for one more dip... We shall see... Please share your thoughts
INDEX:BTCUSD
by pippin_aint_easy79
Bullish Outlook for USOILHi Traders! USOIL is in an ascending price channel as it looks to break back above the 75.00 level. Here are the details: The price action looks currently bullish; the market swings are getting higher, and the price is about to break back above the 20 EMA. Our idea here is to buy market dips leading up to the 20 EMA break. Short-term targets are levels around the 75.00 area, and long-term targets are levels near the resistance at 79.72. Preferred Direction: Buy Technical Indicators: 20 EMA Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
TVC:USOILLong
by BluetonaFX
S&P500: Time to turn back 🔄For the S&P 500, we are primarily assuming that the sideways phase will initially resolve itself to the downside. In the further sequence, the correction should continue into the magenta Target Zone (coordinates: 4540 - 4300 points). Within this zone we then locate the low of the turquoise wave (ii), which should mark a change of direction. In the context of our alternative scenario, on the other hand, we still consider it 25% likely that the wave Alt.(i) in turquoise will make another new high above the aforementioned 4997-point mark. Either way, however, we expect a setback afterwards, which should offer the opportunity to enter long positions.
CME_MINI:ES1!
by MarketIntel
AUDNZD → Trade Analysis | Bullish opportunityHello Traders, here is the full analysis. Price reversal going up levels for BUY . GOOD LUCK! Great BUY opportunity AUDNZD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗
Long
by TheGrove
1
Shanghai Comp SHCOMP ~ Bearish H&S Update (Feb 2024)SSE:000001 chart mapping/analysis. Been a while since I've published any charts on TradingView - process is a pain in the a$$ tbh & procrastination crept in while lacking TA-edge on markets + other commitments.. That said, noticed Shanghai Comp chart still notching views given current environment so thought I'd give an update. Initial TA thesis hasn't changed - bearish H&S identified in Dec 2023 completed & still in play, despite PBOC desperately throwing everything to keep their market afloat (don't fight the trend). Chart notes: Cleaned up clutter from previous chart Added descending parallel channel for potential bounce play off lower trend-line Labelled 50/200 EMA death cross to signify bear market trend (weekly chart) Break below ~2666 = further capitulation Break above ~2924 (R1) = bullish trend reversal Stay tuned whether I get back on TradingView horse & update older charts or publish new ones, cheers.
SSE:000001Short
by BlueHatInvestor