Beyond Technical Analysis
EURUSD Next possible moveSAXO:EURUSD
Here’s a detailed description for today's continued bullish outlook in EUR/USD:
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### **Title**
*"EUR/USD Intraday Analysis: Buy Entry Sustains | Bullish Momentum Builds"*
#### **Market Context**
*"EUR/USD extends its recovery for the second consecutive day, supported by steady buying interest. The pair is capitalizing on softer USD momentum ahead of key U.S. and Eurozone economic data, as traders eye potential upside continuation."*
#### **Technical Analysis**
*"Today’s buy entry is aligned with ongoing bullish momentum:
- **Trend Structure**: Higher lows and higher highs on the H1 chart signal continued recovery.
- **EMA Dynamics**: Price remains above the 20 EMA, confirming near-term bullish sentiment.
- **RSI**: Trending above 55, showing consistent buying pressure.
- **MACD**: Positive histogram bars have expanded, reinforcing upward momentum.
Key Levels:
- **Support**: 1.0520 (intraday), 1.0500 (psychological level).
- **Resistance**: 1.0555 (key target), 1.0575 (next potential hurdle). A breakout above 1.0555 would affirm bullish control."*
#### **News Context**
*"Upcoming: Focus shifts to U.S. ISM Services PMI and Eurozone data, which could impact sentiment and trigger volatility.
Previous: Monday's recovery in EUR/USD was driven by renewed euro strength against a consolidating dollar."*
#### **Call to Action**
*"Will EUR/USD sustain its bullish momentum, or could upcoming resistance levels spark a pullback? Share your thoughts and trade strategies below!"*
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MAHARASHTRA SEAMLESS MAHSEAMLES
made a DOUBLE BOTTOM pattern on daily chart
it has made a 50% retracement on weekly chart
.
previously has brokenout of monthly chart after 13 years of consolidation
now, will be playing it on swing basis till 1080 levels
with an SL of 668
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huge volume buildup can be seen on todays daily candle
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Bitcoin's Recent Surge and Potential OutlookBitcoin has experienced a significant surge in recent days, breaking through the $100,000 mark. This bullish momentum is evident on the daily chart, with the price forming higher highs and higher lows, a classic sign of an uptrend.
Potential Scenarios:
Continued Upward Momentum: If the current bullish trend persists, Bitcoin could continue to rally towards new all-time highs. Key resistance levels to watch include the psychological $110,000 and $120,000 levels.
Short-Term Correction: Given the overbought conditions, a short-term pullback to retest is possible. However, this could provide a buying opportunity for long-term investors.
Trading Strategies:
Long-Term Investors: Continue to hold Bitcoin and consider buying additional positions on any dips.
Short-Term Traders: Be cautious and consider taking profits on existing positions. If a pullback occurs, look for buying opportunities near key support levels.
Important Considerations:
Volatility: Bitcoin is a highly volatile asset, and price swings can be significant.
Market Sentiment: Positive news and developments in the cryptocurrency industry can fuel further price increases.
Regulatory Environment: Changes in regulations can impact the price of Bitcoin.
AUDUSD_1HAUDUSD_1H BEARISH
Everything is mentioned on Charts.
Please always look for double confirmation before entry.
Wish you Happy & safe Trading.
Trade as per your own RISK
Please Note:
My studies are for educational purpose only.
Please consult your financial advisor before Trading or Investing.
I'm not responsible for any kinds of your Profits & Losses.
LARSEN & TOUBRO LTD (LT)Breaking out of 10-11 months prolonged consolidation,
stock was stucked between 450 point range, since jan 2024
now its showing signs for a breakout.
.
weekly closing above 3900 will open up the stock potential to blast upto 50-60% from here
.
keep this stock on radar
will keep you guyz updated.
Bank Nifty - Hourly chart -nearing its key supply zone- 05.12.24Bank Nifty - Hourly chart - 05.12.24
1. Bank Nifty is nearing its key supply zone
2. This supply zone has to sustain for making new lifetime high
3. If not, we might be heading towards swing low
4. Coming Friday is RBI policy announcement. So, we have to wait and see how technical analysis works from here.
Thank you.
Regards
Bull Man
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1. The Excitement Phase
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This is a test of resilience. Traders who stick to the process and focus on discipline eventually push through.
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Trading becomes systematic—a business, not a gamble. You’ve developed an edge, trust your strategy, and prioritize risk management.
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Why Knowing Your Stage Matters
Understanding where you are in this journey is like knowing which station you’ve reached on the Delhi-to-Mumbai train. It helps you prepare for what’s ahead and keeps you focused on reaching the destination.
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We can probably see a quick recovery to the upsideAs per my analysis from this current price point market can show a quick reversal to the upside and could be bullish in the next upcoming week but to confirm the trend we need to see market closing either bullish or sideways in the next session. Conclusion is if market closes above the current price tomorrow then we can expect min 1500 points movement in the upcoming weeks ahead...
XAGUSD_4HXAGUSD_4H ANALYSIS
Everything is mentioned on Charts.
Please always look for double confirmation before entry
Wish you Happy & safe Trading.
Trade as per your own RISK
Please Note:
My studies are for educational purpose only.
Please consult your financial advisor before Trading or Investing.
I'm not responsible for any kinds of your Profits & Losses.
Double Bottom Formation & Iron Condor Strategy1. Bullish Setup:
A potential Double Bottom is forming above the level of 52170.
Entry: If price holds above 52170 , enter a long position.
Target: The first target is 52550 . Keep an eye on this level for possible exit or adjustment.
2. Bearish Setup:
Support Level: 51761 is a key support level.
Breakdown: If price breaks below 51761 , initiate a short position.
Target: The downside target is 51295 . Monitor price action for any signs of reversal at this level.
3. Iron Condor Strategy (Option Selling):
For the week ahead, an Iron Condor setup might be profitable.
Strategy: Consider selling a combination of out-of-the-money puts and calls with strikes above 52550 and below 51761, depending on the expected range.
This strategy could benefit from a range-bound market and potentially deliver consistent profits as long as price stays within the set boundaries.
Risk Management:
Use stop-losses based on key levels, such as 52170 for the long position and 5176 1 for the short position, to manage risk.
Monitor the price action closely to adapt your strategy as necessary.
Multi Year Breakout candidateChina’s export restrictions are expected to create supply gaps, particularly in the US, which could boost demand for HEG’s products. Additionally, the global shift towards eco-friendly steel production using Electric Arc Furnaces (EAF) is expected to drive long-term demand for graphite electrodes. HEG has also recently expanded its production capacity and announced plans to venture into making graphite anodes, a critical component for electric vehicle batteries.
Entry can be planned on pullback near 500-510 zones