Bank Of IndiaSharing my view on Bank of india based on elliott wave theory, where price seems to complete correction phase, but here is the tricky part if price breaks, price will move up.but, if it breaks 137 price level then and then only we can consider the start of wave 5, untill then it will correction uptrend and price can remain sideways.
Longsetup
SLB 5M Daytrade Long Aggressive CounterTrend tradeAggressive CounterTrend trade
- short impulse
+ support level
- unvolumed T1 level
+ volumed 2Sp-
- weak test closed below T1
+ first bullish bar closed entry
- target beyond 5M / 1H range
Calculated affordable stop limit
1 to 2 R/R take profit expandable to swing / investment trade
1 Hour CounterTrend
"- short balance
+ expanding ICE
+ support level
+ biggest volume manipulation"
1 Day Trend
"+ long impulse
+ SOS test level
+ support level
+ 1/2 correction"
1 Month Trend
"+ long balance
+ expanding ICE level
+ support level
+ 1/2 correction
+ volumed manipulation"
Sell SLB Limit 44.54, GTC
Sell SLB Stop 42.29 LMT 43.06, GTC
Double BottomDouble Bottom around 168 -168.50; a bounce
is expected.
Tomorrow's Closing is Important.
Sustaining 168 , may lead it towards 190 - 193.
On the flip side, if 168 is broken, we may
witness further downside; but it should touch
180 - 181 once before going down.
However, for a Trend Reversal, it is important
to cross 201 - 202.
Bitcoin's Fate: Harris or Trump? / 19Days left for BTCBINANCE:BTCUSDT
COINBASE:BTCUSD
Hello Traders.
With the 2024 election around the corner, Bitcoin's future is uncertain.
If Kamala Harris wins, expect tougher regulations, potentially slowing down crypto growth.
Meanwhile, a Trump win could bring a looser regulatory stance, possibly spurring Bitcoin's rise despite his personal dislike for it. As the U.S. prepares to choose its next leader, Bitcoin investors are left wondering: which path will shape crypto's destiny?
📈Which side you pick?
Bull or Bear
SL1 ---> Low-risk status: 3x-4x Leverage
SL2 ---> Mid-risk status: 5x-8x Leverage
(If there is just one SL on the chart, I suggest, low risk status)
👾Note: The setup is active but expect the uncertain phase as well. Also movement lines drawn to predict future price reactions are relative and approximate.
➡️Entry Area:
Yellow zone
⚡️TP:
74,320
80,750
89,423
🔴SL:
54,384
🧐The Alternate scenario:
If the price stabilize against the direction of the position, below or above the trigger zone, the setup will be canceled.
SUIUSDT Long Setup Setting / Quick tradeBINANCE:SUIUSDT
📈Which side you pick?
Bull or Bear
SL1 ---> Low-risk status: 3x-4x Leverage
SL2 ---> Mid-risk status: 5x-8x Leverage
(If there is just one SL on the chart, I suggest, low risk status🙂
👾Note: The setup is active but expect the uncertain phase as well.
➡️Entry Area:
Yellow zone: 1.872-2.1035
⚡️TP:
1.9517
2.02
2.1035
🔴SL:
1.7654
🧐The Alternate scenario:
If the price stabilize against the direction of the position, below or above the trigger zone, the setup will be canceled.
Gold Dips After Rally: Is This the Perfect Buy Opportunity?Hello wonderful friends!
Today, gold prices are showing signs of correction after a period of strong growth, currently hovering around the support level of 2750 USD. Profit-taking pressure after the recent surge has dragged gold prices lower, but the precious metal has maintained its growth momentum for the fourth consecutive month thanks to safe-haven demand.
In Ben's view, gold may enter a consolidation phase, fluctuating between 2750 - 2716 USD before entering a tense period with the US election and the important Fed meeting. Moreover, geopolitical factors and uncertainty ahead of the election results will continue to support gold, while investors seem to be taking advantage of the opportunity to "buy on correction".
Short analysis GBP/USD todayGBP/USD has just broken the channel in the long term, confirming the current decline. If the momentum continues, the main support levels for monitoring Fibonacci are:
1,2809 (Fibo 0.382): The first closing support level.
1,2662 (Fibo 0.618): The important support level, may have a stronger purchase force.
1,2425 - 1,225 and 1,2042: Lower target if the decline continues.
1 hour XAUUSD analysisGold price chart (XauUSD) in the current 1 hour frame reveal a potential picture with key price areas as follows:
Strong support area: The area around $ 2,730 has proved the role of a "wall" of solid support, where the price many times found the thrust up. This price is creating great expectations for investors to buy, hoping to take advantage of the increase in this area.
Signs of weakness of the downtrend: Trendline reduces the green color that has been slightly broken, referring to that selling pressure shows signs of slowing down. However, in order to officially confirm the price increase signal, the chart should show that the price exceeds the next resistance threshold.
Expect the upper resistance area: If the purchasing force appears and pushes gold prices up, the first resistance levels to be observed will be $ 2,747, followed by $ 2,758 and 2,760 USD. These are the "walls" of the price that the buyer needs to conquer to strengthen the trend of short -term increase.
Potential trading strategy: Investors can consider the purchase strategy if they see clear recovery signals from the $ 2,730 support area. The goal will be the above resistance areas. But if the price does not hold this support level and decreases deeper, the short -selling strategies may be considered with the expectation of the price continued to go down.
XAUUSD Faces Resistance: Pullback or Breakout?The 4-hour chart of XAUUSD on November 6 shows gold encountering strong resistance at 2,756.216 USD/oz, with the 34 and 89 EMA lines forming a major barrier.
If the price fails to break through this level, there is a high probability of a pullback to the support zone around 2,729.381 USD/oz, potentially dropping further to 2,717.105 USD/oz if selling pressure increases.
Investors should watch the price action at these support and resistance levels for informed decisions, especially as the USD remains strong due to monetary policy factors and geopolitical risks.
XAU/ USD! 11/5! Gold short term recovery! Aiming for target2705XAU / USD trend forecast November 5, 2024
Gold price (XAU/USD) recovers from an intraday dip, holding near $2,735 with little change heading into Tuesday's European session. Safe-haven demand driven by the close US presidential race and potential for increased Middle East tensions supports the metal. Additionally, as traders pull back from the "Trump trade" and anticipate further rate cuts from the Federal Reserve amid a cooling US job market, US Treasury yields decline. This has led to renewed US Dollar selling, adding further support for gold as global equity markets maintain a cautious outlook.
Election results approaching - slight recovery before sharp decline, heading towards 2705
/// BUY XAU : zone 2734-2731
SL: 2726
TP: 50 - 150 - 300 pips (2761)
Safe and profitable trading
CEG Long (Stop Limit)Asset Class: Stocks
Income Type: Daily
Symbol: CEG
Trade Type: Long
Trends:
Short Term: Down
Long Term: Up
Set-Up Parameters:
Entry: 237.90 (at the Breakout)
Stop: 223.79
TP 223.79 (3:1)
Trade idea:
A price pin into a daily Fair Value Gap , Buying the Stop as the price pullback and the SL at the last swing low. The trade setup also use the Elliot wave analysis, where the price is likely to form wave 5 next. The setup has a 3:1 RRR. The RSI is oversold on the 4H , and heading up.
!!Be aware of pending Economic Reports. If price is within 20 pips of proximal value at time of major impact report, then Confirmation entry.
Trade management:
-Split the TP to 3 orders at each TP
-when price hits 1:1 , consider moving stop to entry in case of pullback. So your trade is risk free.
-After TP2 hit, you might consider canceling the TP3 and trail the SL to maximize your profit.
**Disclaimer**:
The trading strategies, ideas, and information shared are for educational and informational purposes only. They do not constitute financial advice or a recommendation to buy or sell any securities, currencies, or financial instruments. You should do your own research or consult with a licensed financial advisor before making any trading decisions. The author assumes no responsibility for any losses incurred from following these trading ideas.
$MBLY YOU AREN'T READY FOR WHAT COMES NEXT! NASDAQ:MBLY
YOU AREN'T READY FOR WHAT COMES NEXT!🚀
1⃣ #HIGHFIVESETUP
2⃣ BREAKOUT👏 RETEST 👏HIGHER 👏
3⃣ PRICE/VOLUME GAP TO FILL
🎯 $17.21
🎯 $20.01
Original videos and write-ups linked below.
LIKE IT! ♥️
SHARE IT! 🔁
BOOKMARK IT! 📘
NFA
#tradingstrategy #HIGHFIVESETUP
GOAT/USDT: LONG SCALP SETUP!!Hey everyone!
If you’re finding value in this analysis, don’t forget to hit that 👍 and follow for more updates!
GOAT is looking strong right now! It breaks out from the falling wedge like structure and also holding the 50ma in 2hr tf very well. Open a long position here and add more in the dip.
Entry: CMP and add more up to $0.5
Targets: $0.556/$0.592/$0.644/$0.714
SL: $0.458
Lev: Use low leverage (Max 5x)
What do you think of GOAT’s price action? I’m seeing a strong bullish setup here! Share your insights and analysis in the comments below!
EURUSD at Key Support – Bullish Rebound Ahead?Hello Ben's great friends!
Currently, EURUSD is fluctuating about 1,0878 in the early morning session in Asia. The US dollar decreased slightly when traders prepare for the US presidential election and the possibility that the Federal Reserve cut interest rates, supporting some support for the main currency pair.
Moreover, based on technical analysis, the price is approaching the strong support area (suitable for EMA 34.89). If this support level is maintained, it can act as a platform to increase prices.
What do you think about this view? Let me know your ideas.
ETHUSDT Price Analysis November 5, 2024Ethereum (ETH) recently experienced a bearish breakout below the main trendline on the 4-hour chart, signaling potential downside momentum in the near term. Currently, ETHUSDT is trading around 2.421, with both the 34 EMA and 89 EMA acting as resistance above, reinforcing the bearish outlook.
What do you think about this analysis? Do you see Ethereum recovering or is it likely to continue falling?
XAUUSD Hits the “Shield” of Resistance: Correction or Rebound?Currently, XAUUSD is facing a strong resistance zone at 2,748 USD/oz, with the 34 EMA acting as a “shield” that deflects buyers' recovery efforts.
If the price fails to break through this resistance, it may correct down to the support zone at 2,720 USD/oz, with a potential further dip to 2,705. This area could offer buyers a chance to "get back in the game."
The latest news adds fuel to the fire: Expectations that the Fed will maintain high interest rates are strengthening the USD, putting pressure on gold prices. However, pre-election uncertainty in the U.S. is boosting demand for safe-haven assets, which could trigger an unexpected rebound if tensions escalate.
Suggested Strategy: Stay calm and observe price reactions as they approach support or resistance levels. This is a moment to exercise patience, waiting for clear opportunities, ready to seize the “wave of opportunity” when the market gives a clearer signal.
BNBUSDT: Potential Downside Direction Ahead !In today's trading session, BNBUSDT is facing clear bearish pressure after breaking the important support zone around $573. The EMA 34 and EMA 89 show that the downtrend is strengthening, and the price has now continued to fall to the $560 area, below the important moving averages, marking a weak signal in the short term.
It is expected that BNBUSDT may continue to correct to the next support levels at $548 and $534 if the selling pressure does not decrease. Moreover, if there is no support signal from positive news or strong price action bounce from the support zone, BNB is likely to fall deeper in the coming period.
SOLUSDT: Strong Correction – Recovery Opportunity?On the daily chart of SOLUSDT, we can see that after a sharp increase and approaching the resistance zone around $180, SOL is now under pressure to correct and reverse. This correction comes amid increasing risk-off sentiment among investors due to the uncertain global economic situation. Moreover, inflation remains high, while central banks around the world, especially the US Federal Reserve (Fed), are still maintaining tight monetary policies.
However, SOLUSDT is still fluctuating around the support zone from the long-term uptrend line. If SOL holds the current support zone and gains buying momentum, there is a high possibility that the price will bounce back and retest the resistance zone of $180.
Good luck everyone!
AGLD ANALYSIS🔮 #AGLD Analysis 💰💰
🌟 As we can see that #AGLD is shrinking between ascending and descending trendline. Breakout will lead to a bullish momentum in #AGLD
🔖 Current Price: $1.210
⏳ Target Price: $1.610
⁉️ What to do?
- We have marked some crucial levels in the chart. We can trade according to the chart and make some profits in #AGLD. 🚀💸
#AGLD #Cryptocurrency #DYOR