EURGBP Wave Analysis 13 December 2024
- EURGBP reversed from support zone
- Likely to rise to resistance level 0.8350
EURGBP currency pair recently reversed up from the support area set between the long-term support level 0.8210 (former support from the start of 2022) and the lower weekly Bollinger Band.
The upward reversal from the support zone is likely to form the weekly Japanese candlesticks reversal pattern Hammer, if the pair closes today near the current levels.
Given the oversold weekly Stochastic, EURGBP currency pair can be expected to rise further to the next resistance level 0.8350.
Support and Resistance
KMDUSDT | %1500 VOLUME INCREASE BIG OPPORTUNITYKMDUSDT: Buyer Activity Surging with Strong Demand Zones
KMDUSDT is showing a 1500% increase in daily volume, reflecting intense buyer activity. The blue boxes on the chart highlight key demand zones, ideal for potential buy opportunities.
For more precise entries, consider trading lower time frame market structure breaks within these zones.
These setups often yield strong reactions, enhancing risk-to-reward potential. As always, apply proper risk management.
I keep my charts clean and simple because I believe clarity leads to better decisions.
My approach is built on years of experience and a solid track record. I don’t claim to know it all, but I’m confident in my ability to spot high-probability setups.
My Previous Analysis
🐶 DOGEUSDT.P: Next Move
🎨 RENDERUSDT.P: Opportunity of the Month
💎 ETHUSDT.P: Where to Retrace
🟢 BNBUSDT.P: Potential Surge
📊 BTC Dominance: Reaction Zone
🌊 WAVESUSDT.P: Demand Zone Potential
🟣 UNIUSDT.P: Long-Term Trade
🔵 XRPUSDT.P: Entry Zones
🔗 LINKUSDT.P: Follow The River
📈 BTCUSDT.P: Two Key Demand Zones
🟩 POLUSDT: Bullish Momentum
🌟 PENDLEUSDT: Where Opportunity Meets Precision
🔥 BTCUSDT.P: Liquidation of Highly Leveraged Longs
🌊 SOLUSDT.P: SOL's Dip - Your Opportunity
🐸 1000PEPEUSDT.P: Prime Bounce Zone Unlocked
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ADAUSDT | The Blueprint for a Potential ReboundIn the current market structure, the blue boxes on the chart may serve as potential demand zones.
These areas are key levels where buying interest could emerge, providing support for ADA's price.
If the price revisits these zones, they could act as strong entry points for a potential bounce. However, it’s essential to monitor how price reacts upon reaching these levels and wait for confirmation signals to ensure the zones hold as valid support.
I keep my charts clean and simple because I believe clarity leads to better decisions. Trading doesn’t have to be overly complicated, and I enjoy sharing setups that have worked well for me.
My approach is built on years of experience and a solid track record. I don’t claim to know it all, but I’m confident in my ability to spot high-probability setups. It’s all about learning and growing together as traders, and I’m here to share what I see.
The markets can confirm what the charts whisper if we’re paying attention. I hope these levels help you as much as they’ve helped me in the past. Let’s see how this plays out!
My Previous Hits
🐶 DOGEUSDT.P: Next Move
🎨 RENDERUSDT.P: Opportunity of the Month
💎 ETHUSDT.P: Where to Retrace
🟢 BNBUSDT.P: Potential Surge
📊 BTC Dominance: Reaction Zone
🌊 WAVESUSDT.P: Demand Zone Potential
🟣 UNIUSDT.P: Long-Term Trade
🔵 XRPUSDT.P: Entry Zones
🔗 LINKUSDT.P: Follow The River
📈 BTCUSDT.P: Two Key Demand Zones
🟩 POLUSDT: Bullish Momentum
Long Signal on MORPHOUSDT/Making profit Together /2X-3X LeverageOKX:MORPHOUSDT
📈Which side you pick?
Bull or Bear
Low-risk status: 3x-4x Leverage
Mid-risk status: 5x-8x Leverage
(For beginners, 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: 2.44-2.57
⚡️TP:
2.70
2.84
3.03
🔴SL:
2.31
🧐The Alternate scenario:
If the price stabilizes against the direction of the position, below or above the trigger zone, the setup will be canceled.
#SCF : MEDIUM LONG TERM ENTRYi have an important support area between 0.040 and 0.019.
as long as we stay within that price range over the next weeks, the current bearish movement will remain healthy.
i see a possible change in structure from bearish to bullish between december and january.
🎯 first target: 80%
🎯 second target: 132%
🎯 third target: between 240% and 280%
this does not include the compounded interest from taking partial profits and reentries within the upward trend.
Cable One, Inc. ** Investment opportunity for the months ahead **
On the above 3-week chart price action has corrected 85%. A number of reasons now exist to consider a long position, they include:
1) Price action and RSI resistance breakouts.
2) Price action is on legacy support from January 2016
3) No stock splits.
4) A near 300% forecast is made to broken market structure. The forecast is derived from the falling wedge.
5) A dividend of 2.81%
Is it possible price action continues to correct? Sure.
Is it probable? No
Ww
Type: Investment
Risk: You decide
Timeframe for long entry: Before end of year.
Return: 200%
BTC 1h updateAt 9 AM on December 13, the market established a balance. I'm anticipating the price to approach the resistance level at 100,480. At this point, we might experience either a false breakout or a genuine breakout. If a reliable upthrust occurs, it could present a favorable entry opportunity on the 5-minute chart. It's important to note that a spring pattern formed at the support level at 9 AM. Additionally, selling volume has been slightly lower than buying volume, and the approach to resistance has shown moderate strength. Let's remain patient and observe how the situation unfolds.
Hewlett Packard Enterprise Pulls BackHewlett Packard Enterprise jumped to a new record high last week, and some traders may see opportunities in this week’s pullback.
The first pattern on today’s chart is the surge on December 6 after earnings and revenue beat estimates. HPE has retraced all the move and is now trying to make a higher weekly low. That may suggest an uptrend is in place.
Second is the price zone between roughly $21 and $21.62, matching peaks in July and October. The stock fought this resistance area for a month but could now be turning it into support.
Third, the 50-day simple moving average (SMA) recently crossed above the 100-day SMA. Both are above the 200-day SMA. That configuration may be consistent with a longer-term uptrend.
Finally, HPE’s last quarterly report triggered several price-target hikes from analysts but it still trades at relatively low valuations compared with other technology companies. It’s also starting to enter the AI market. Could it be a “cheap AI play” for the New Year?
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Wester Union Stock Qoute | Chart & Forecast SummaryKey Indicators On Trade Set Up In General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Notes On Session
# Wester Union
- Double Formation
* A+ Set Up At 13.00 USD
* 012345 | Wave (1) & (2) | Downtrend Principle | Subdivision 1
- Triple Formation
* Neckline At 11.25 USD
* Flag structure | 10.20 USD | Entry Condition | Subdivision 2
* Top / Bottom Structure | Reversed | Support Current Trend | Subdivision 3
Active Sessions On Relevant Range & Elemented Probabilities;
London(Upwards) - NYC(Downwards)
Conclusion | Trade Plan Execution & Risk Management On Demand;
Overall Consensus | Sell
EURUSD ShortCurrently short on EU
Reasons:
- Downwards trend
- COT traders overwhelmingly bearish on EUR
- Political instability in Europe
- Bad economic news in Europe
- ECB president "highlighted that euro area economic growth is expected to weaken in the coming months"
- US expected to also cut rates, but looks a lot stronger economically compared to most of the world right now
Altice USA, Inc to print disturbing gains of 500% ??** For the active investor — weeks and months ahead **
On the above 10 day chart price action has corrected 95% from $38 to $1.65 without the aid of stock splits. A number of reasons now exist to enter a long position. They include:
1) Price action and RSI resistance breakouts.
2) Support on past resistance confirms.
3) Regular bullish divergence. Multiple oscillators print positive divergence with price action over a 3 month period.
4) No stock splits!
5) 10% short interest.After 95% correction, good luck with that.
Is it possible price action continues to correct? Sure.
Is it probable? No.
Ww
Type: Investment
Risk: You decide, please do you’re own due diligence
Timeframe for long: This year.
Return: 400-500%, no significant resistance until $12
Stop loss: elsewhere
Nasdaq Futures Today: Key Levels and Winning Trading Strategies!Explore the latest analysis of Nasdaq futures for Friday, December 3, 2024, and stay ahead of the market. Here's what you'll discover:
📈 Bullish momentum: Analyzing the continuation of the uptrend with new historic highs and key zones for potential corrections.
📊 Key levels to watch: Detailed setups for long trades and areas of interest, including high-probability liquidity zones.
🎯 Intraday insights: Learn how to navigate the market during contract rollover and identify precise entry points for trades.
This video is perfect for traders aiming to refine their skills and make informed decisions in real-time market conditions.
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GBPUSD set to continue downtrend after correction!The price has unsuccessfully completed its second attempt to break through zone of interest and resistance producing a second bounce, supported by an important Fibonacci level. Candlestick formation indicating a potential trend reversal.
Time Frame: daily
Idea support:
- Price action
- Volume Analysis
- Trend analysis
FINAL UPDATE ON USD/CHF TRADEUSD/CHF 30M - This is another trade that was sent out, this one was sent out on Friday of last week however, but again as you can see price has played out perfectly taking profit earlier today.
This trade was very straight forward and didn't give us any difficulties, allowing us to re-enter multiple times by pulling back into clear order blocks left behind from previous impulsive waves.
This trade took profit for + 185 pips. (+ 13%) 13RR
A massive well done to those of you who held throughout the week, I personally took a close on Friday and re-entered at the start of the week just to avoid fees for holding over the course of the weekend.
Any questions with this one guys as always drop me a message or comment below and I will get back to you as soon as possible. What a great way to end the week!
FINAL UPDATE FOR THE USD/JPY TRADEUSD/JPY 1H - Afternoon people, this is the final update for our UJ trade, as you can see price has played out perfectly. Within 4 days our TP has been achieved with very little issues at all.
Price pulled back multiple times to give us the opportunity to get introduced again and again, so if the first two opportunities I presented to you all were missed you still had the ability to get involved with a refined entry.
This trade took profit for + 332 pips. (+ 16%) 16RR
A big well done to any of you who got involved in this market this week based on the analysis provided and from the Sunday Sessions video, I hope you all managed the trade accordingly to make the most from the position.
Its important that we take partials and apply safety measures throughout the the trade, this allows us to maximise profits from our positions whilst minimising losses. Any questions drop me a message or comment below!
Intraday Levels for Nasdaq 100 Futures - 12/13/2024This analysis focuses on the Nasdaq 100 Futures, aiming to identify potential support and resistance levels where the price could experience intraday bounces or trend reversals, as well as zones where the price might potentially break higher or move lower.
Considerations
The range used in this analysis serves only as a reference for broader-level insights.
For intraday operations, it is advisable to utilize a lower timeframe to refine entry and exit points more accurately.
To confirm the validity of these levels, it is essential to evaluate real-time conditions as the price approaches these zones. Factors such as pressure, trading volume, and Order Flow will play a critical role in determining whether these supports hold or are likely to be broken.
GBPUSD BUY IDEADear friends and followers,
I present to you my humble GBPUSD BUY projection with the trend line breakout expectations in next week, giving obvious view for GBPUSD to start full bullish move in January 2025,
Keep eyes on marker as DXY is expect to start bearish move soon...
Good luck
OLUMIGHTYFX ACADEMY NIGERIA
Navigating Sanctions: Ruble Transaction and Energy SettlementsThe inclusion of Gazprombank in the sanctions list has introduced significant challenges to payment transactions, particularly those involving the Russian ruble. Due to the necessity of involving Russian correspondent banks, ruble settlements now carry considerable risks. Most Russian banks being under sanctions exacerbates these complications, rendering ruble transactions a sensitive and largely opaque area.
Here are 4 key observations:
1. Ruble Settlements and Sanctions Risk: Any acknowledgment of ruble transactions could be interpreted as a sanctions violation. As a result, the focus has shifted toward preserving settlements in Western currencies or those of "friendly" countries. These funds eventually enter Russia through intricate and less transparent financial circuits.
2. Offshore Ruble Market Feasibility: The creation of an offshore ruble market appears unlikely at this stage. Companies operating internationally often receive payments in dollars or euros but face challenges converting these into rubles for domestic operations. This reliance underscores the fragility of the existing external financial circuit.
3. Corporate Adaptation Examples:
Lukoil: This energy giant uses accounts in Middle Eastern banks to receive foreign currencies . While these transactions provide temporary access to rubles, they remain exceptional rather than standard practice.
Rosneft: The company has restructured its oil sales strategy. By using subsidiaries in India to refine crude and sell petroleum products, Rosneft creates a less transparent financial flow. Although high oil prices currently mitigate risks, a potential decline in prices could expose vulnerabilities in this approach.
4. Fragmentation of Settlement Schemes: As old financial pathways are dismantled, companies are left to develop individualized settlement and supply chain models. This fragmented landscape reflects the absence of a unified solution, with each entity navigating unique challenges.
Outlook:
The ongoing evolution of financial and supply chain structures will require adaptability from both companies and financial institutions. High energy prices provide temporary relief, but sustained stability will depend on the development of resilient, transparent systems that can withstand potential downturns. While a unified framework seems improbable in the near term, understanding and anticipating these shifts will be critical for stakeholders operating within and outside Russia.
RUS:LKOH
RUS:ROSN