LLC is in a 6 year decline, but above 150 day EMA.
Strong earnings caused an impulse move that then lead to a tight consolidation range.
Entered on BO, targetting PoC of next level.
Potentially a reversal on the weekly starting to form, but that will take a lot longer to play out. This is a simple swing trade targetting 7.70
After a sudden drop from ATHs and a big rebound, a daily bullflag formed into month end setting September up for a very big run.
Upside PTs are: 20150, 20300, 20450, and 22000 if a break above the previous ATH to finish out the bullflag
SL would be invalidation of the flag
GBPCHF is currently making lower lows, signalling a bearish trend. It recently hit the 50% retracement level on the daily timeframe and is now approaching significant resistance around 1.12500, near the upper edge of the channel. The price has been consolidating since April but has since broken out of that range. The market is now pulling back to retest the lower...
Not going to say much but we all could be wrong or right .. correction isnt over and the sell confirmed for more drops and more correction.
Feeling will drop back down to low 50K again; perhaps it can lower than that; i found the support around in the low 30K area.. so might expect the correction to finish in the 30K zone before skyrocket to the new ATH.
The...
Today's focus: USDCAD
Pattern – Continuation
Support – 1.3715
Resistance – 1.3780
Hi, traders. Thanks for tuning in for today's update. Today, we are looking at USDCAD on its daily chart.
Looking back at price, we have evidence that a continuation is trying to form. After the first break higher, which broke out of the move lower, we saw consolidation, which...
Market Context
Is BENDOGUSDT primed for continuation? The price action suggests it's more than likely!
Chart Analysis
Both the daily and 4H timeframes are painting a promising picture. We've got momentum on our side, and the charts are aligning for a potential breakout.
Strategy
While nothing is ever certain in trading, this setup looks incredibly strong. I'm...
SG was a textbook continuation setup that we took last week. SG had a massive reaction to earnings in early May and had been flagging ever since. Our premium indicator printed a blue continuation bar and then the next day printed a continuation arrow. This combination of technicals with SGs relative strength compared to the rest of the market gave us the...
I previously posted an idea "XU W Sell Reversal OR Sell to Buy Idea 5/4/24". Price did not sell and immediately continued bullish. Looking for price to still head to the -27% FIB area around 2555.32 for final TP from the previous trade idea. Currently in a buy with TP actually set for the -27%, while looking for another pullback on the daily to get another...
Hello TradingView Family / Fellow Traders,
As per my last analysis, BTC rejected the $60,000 support and traded higher.
What's next?
Scenarios:
1️⃣ Bullish - Continuation
For the bulls to maintain control, a break above the $72,000 resistance is needed.
In this case, a movement towards the $80,000 resistance would be expected.
2️⃣ Bearish - Correction...
Here I have AUD/USD on the 1 Hr Chart!
Tonight, we have seen Price make a drastic turn to the Upside back into this Descending Channel it was traveling in last week!
With this False Break of the Falling Support, could we see the appearance of a BULL FLAG?!?!
Now with a Bull Flag, we expect valid tests of both the Falling Resistance and Falling Support!!
So far,...
Hello TradingView Family / Fellow Traders,
As per my last analysis, attached on the chart, BTC broke above the accumulation phase and traded higher.
Currently, BTC is hovering around the upper bound of the range.
What's next?
Scenarios:
1️⃣ Bullish - Continuation
For the bulls to maintain control, a break above the upper bound of the range at $72,000 is...
Hello TradingView Family / Fellow Traders,
📈As per my last analysis, BTC broke above the accumulation phase and is currently trading higher.
What's next?
For the bulls to maintain control, a break above the structure marked in blue is needed.
🏹In such a scenario, a movement towards the upper orange/blue trendlines and $70,000 round number would be...
Hello TradingView Family / Fellow Traders,
📈As per my last analysis, ETH broke above the previous major high at $3000 and is currently trading higher.
What's next?
ETH is currently bullish short-term trading within the rising wedge pattern marked in orange.
🏹As long as the lower orange trendline and the $3000 support hold, a continuation towards the upper...
Amd continuation wedge momentum and bull flag can see NASDAQ:AMD Hit the 162/165 level in the short term this week and 180/190 level in the next few weeks. Add in NASDAQ:NVDA earnings and we could see a good pop . These are just technicals anything can invalidate them like fed actions or fed speak, tariffs, literally anything can invalidate them.
Here I have EURJPY on the Daily Chart!
Currently you can see price back up at the Resistance Area of ( 164.3 - 165.3 ) after having tested the Rising Support 4 times with each time successfully having Strong Bullish reactions ... this Price Action has formed what looks to me to be a Bullish Triangle Pattern!
Fundamentally, there's a lot to unpack but with JPY...
