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Longsetup

My Analysis of EURUSD (1 Hour Chart)Hello everyone, Ascending Channel Formation: Price is moving within a clear ascending channel, with higher highs and higher lows forming along the way. This structure suggests a temporary upside correction within the overall downtrend. EMA Dynamics: The 34 EMA (purple) is currently acting as dynamic resistance, rejecting multiple attempts to break higher, as indicated by the red arrows. The 89 EMA (pink) is closely aligned, consolidating the resistance zone and signaling bearish momentum when the price is below these levels. Key Resistance Zone: The upper boundary of the channel, near 1.0525, is a key resistance zone. This zone is consistent with the rejection from the EMA and is expected to limit upside momentum. Near-term Price Movement: I expect price to retest this resistance level and potentially fake out in the short term before moving lower. A break of the ascending channel to the downside would confirm a continuation of the decline. Target Level: The initial downside target is around 1.0450, near the middle of the previous range. If the decline continues, I expect the price to fall further towards the support level of 1.0352, which marks the lower boundary of my expected price. Risk Zone: A sustained break above 1.0550 would invalidate my bearish outlook and signal further upside. Conclusion: For now, I am watching how the price reacts at the upper boundary of the ascending channel and the EMA resistance zone. Any rejection or bearish candlestick pattern would confirm my short bias, focusing on the downside targets.
Short
by Bo-Samson
#Angelone - Stock outlook !!NSE:ANGELONE Key Points: Trends: Two trendlines are plotted: Upward trendline (dotted line): Displays the earlier uptrend in the stock's graph (higher lows). Downward trendline (descending resistance): indicates the resistance level that forms when the stock starts to drop from its recent highs. Important Information: Support Level at ₹2701.45: This flat black line shows an important area where the stock went back up or stayed the same before. It's a strong place where buyers are active. Resistance Zone at ₹3367.80 – ₹3393.00: It is the highest zone. It is the targeted range as indicated on the chart. This has been an important resistance in the context of previous price actions. Fake-Out Indication: There is a fake-out noted just below the horizontal support line of ₹2701.45. That means that the price did fall briefly below the support but quickly reverted, and hence the bearish breakout is not valid. Breakout. The stock seems to be going above the downward trendline, which could mean a possible upward breakout if it continues. Future Expectations: Bullish Scenario (Orange Rectangle): If the breakout stays above the downward trendline, it may drive the stock up to the resistance zone of ₹3367.80–₹3393.00. Bearish Scenario (Arrow pointing down): If the breakout does not work and the price goes back below ₹2701.45, it might show a strong trend downward toward the next support levels (for example, ₹2025.00). Explanation: Trend Reversal: Stock, breaking the downward trendline above indicates that the stock is on a changing pattern, from the decline, and probably into an uptrend. Artifactual Meaning: The fake-out close to ₹2701.45 shows how important support zones are. It shows that buyers took charge again after a first drop in price. Possible Risk and Benefit: Traders could expect a bounce towards the orange area, or resistance zone, if the breakout is valid. Stop-loss levels are likely set below ₹2701.45 to risk manage. Useful Information: For a bull trade, Wait for confirmation of the breakout, like the daily close above the trendline. Target: ₹3300–₹3393 range. Stop Loss: ₹ 2700. For a bearish trade: It could again begin a downtrend if prices go back into ₹2701.45. Target: ₹2300 or less. Stop Loss: Above ₹2800. This chart shows a mix of price movements with false signals, trendline breaks, and important levels. It gives positive and negative scenarios based on how the stock acts around these levels. Ps note: NOT A SEBI REGISTERE. ANY QUERIES @thetradeforecast :)
NSE:ANGELONELong
by thetradeforecast
1
Gold-> continue to drop to $ 2600. What will happen?Hi guys, Gold prices dropped to their lowest level in a week during the Asian session on Tuesday, although spot prices found some support near the $2,600 mark. Meanwhile, the prevalent risk-on environment, coupled with bets for slower Fed rate cuts and rising U.S. Treasury yields, is driving flows out of the safe-haven XAU/USD. Theoretically, any attempt to push gold prices higher may face limitations. Ahead, the U.S. Personal Consumption Expenditures (PCE) Price Index, the Federal Reserve’s preferred measure of inflation, is scheduled for release on Wednesday. Technically, gold is attempting to break out of the key range after testing support. If a false break occurs at the 2634 level, a minor correction towards resistance may form. Resistance levels: 2634, 2649, 2663 Support levels: 2618, 2607, 2600 If sellers hold the price below 2630-2634, the bearish momentum could strengthen. However, as the price is testing strong support, a significant reaction could form a false breakout and a correction, potentially targeting levels like 2649-2663 (fibo 0.5), before continuing the downtrend.
OANDA:XAUUSDShort
by Bo-Samson
4
USDJPY: "Tug of War" Within Key Zones, Signals Remain UnclearOn November 26, USDJPY finds itself in a tug of war between buyers and sellers, hovering around 153.882. Two key zones are constraining price movement: resistance at 155.878, like a "steep mountain" that's hard to climb, and support at 153.592, acting as "solid ground" preventing deeper declines. The EMA 34 (154.480) and EMA 89 (154.102) form a "connecting thread," both supporting and restraining the price in a state of balance. Failure to break resistance may result in USDJPY "free-falling" toward lower support levels. On the other hand, a breakout above 155.878 could serve as a "ticket" to higher price levels. Amid rising U.S. bond yields and the Bank of Japan's cautious stance, the market is waiting for clearer signals. Traders should prepare plans for both scenarios to avoid being caught off guard.
Long
by Sophi-A
1
EURUSD: Weak at Resistance, Potential for Further DeclineEURUSD remains under pressure from the bearish trend, hovering around 1.04686 after a mild recovery from the support zone of 1.03878. However, the strong resistance at 1.05284 proves to be a "formidable wall," with the EMA 34 (1.05095) and EMA 89 (1.05979) acting as significant barriers to upward momentum. Bearish signals persist, with the descending channel serving as a "slippery slope" that EURUSD struggles to climb. Failure to break through the 1.05284 resistance could trigger a significant drop, pushing prices to retest the 1.03878 support or even lower to 1.03000. The strengthening USD, following Trump's tariff announcements, has added pressure to EURUSD as safe-haven demand rises and economic strain mounts in Europe.
Short
by Sophi-A
XAUUSD Faces Pressure from China and USDChina has recently discovered a new gold mine, potentially reducing its future demand for gold, which could push gold prices lower. Meanwhile, Trump’s election victory has strengthened the USD, adding additional downward pressure. Currently, XAUUSD is hovering around 2,627.275 after a recovery from a low near 2,605.310. However, the price was rejected at the strong resistance zone near 2,700, signaling a significant hurdle as the previous upward trendline has been broken. The EMA 34 (2,653.133) and EMA 89 (2,585.826) are acting as potential support levels but also indicate that the bullish momentum is fading. If the price fails to hold above the EMA 34, a deeper decline towards the 2,560 support zone could occur, especially as selling pressure intensifies.
OANDA:XAUUSDShort
by Sophi-A
1
EUR/USD Analysis: Bearish Momentum ResumesEUR/USD is dominated by a long-term downtrend, with technical factors and market sentiment leaning towards the sellers. The possibility of the price breaking the 1.0430 support is not small, especially in the context that traders are waiting for clear signals from upcoming major economic events. Investors need to closely follow the price movements at important technical zones to make appropriate decisions, as EUR/USD is approaching a pivotal moment of the trend.
Short
by Bo-Samson
GOLD--> Local trend changing? Will it rise to new ATH?Hi guys, OANDA:XAUUSD after a false breakout at 2700, the price has returned to a correction phase, aiming to consolidate its potential for continuing the trend. In the current situation, the fundamental backdrop is shifting in favor of the metal, which active buyers are pursuing... Gold has not reacted significantly to the previous rally of the dollar, despite hawkish signals from the Fed. The reason for the metal's rise lies in the escalation of tensions following the UK and US allowing Ukraine to use weapons to strike deep into Russian territory. Russia responded with stronger attacks afterward. Fundamentally, these actions make gold a safe haven choice for protecting assets. This week, due to the Thanksgiving holidays in the US, trading volumes are expected to fluctuate sharply at the beginning of the week. Technically, it is predicted that the precious metal could update its ATH this year. However, short-term levels ahead need to be monitored closely. Specifically: Support levels: 2685, 2675, 2650 Resistance levels: 2711, 2733, 2750 Nonetheless, the upcoming resistance levels must be observed, as they are likely to trigger the next move for the metal. The adjustment toward the nearest liquidity zones is expected, but we are not talking about a reversal. The correction could end quickly, and the price is likely to return to an upward phase. The medium-term target is 2731-2750...
OANDA:XAUUSDLong
by Bo-Samson
3
Havells - Low Risk IdeaCMP 1614 on 05.11.24 The chart is self-explanatory. Since 2021, the blue-colored parallel channel has been turned into a support ( if works like ). If the price bounces back from the support, may go into a bullish phase. targets may be 1700/1800/1900. MACD histogram also shows some reversal. The setup goes weak if sustains below 1550. Keep your position size according to the stop loss and your trading strategy. All this illustration is my own view, only for learning and sharing purposes, not a trading recommendation in any form. All the best.
NSE:HAVELLSLong
by anandlive
Gold : The fundamental context and goals have both changedOANDA:XAUUSD The breakout of the local downtrend channel has disadvantaged sellers. The fundamental background is changing, despite continued USD buying and the prevailing risk-off environment, which overall favors gold as a safe-haven asset during times of crisis. The stronger USD, supported by the ongoing "Trump trade" rally, and US bond yields have rebounded across various maturities. Despite the optimism around the USD, gold prices remain resilient and benefit from escalating geopolitical tensions between Russia and Ukraine. Therefore, gold prices are likely to continue their growth in the near term before today’s scheduled news (PMI)... However! Since this is pre-news before session closing, reactions may consolidate for sellers before further strengthening. Technically, gold has every opportunity to retest the boundaries of the previously broken channel. However, based on fundamental news and technical factors, we can conclude that further growth may continue. Prices are heading toward a liquidity zone, from which a correction may occur, followed by expected further strengthening in the near term. But in any case, I prioritize and consider buying upon a clear breakout of gold at 2686 - 2700, targeting the medium-term highs as outlined on the chart.
OANDA:XAUUSDLong
by Bo-Samson
KPIT - at 1 YEAR SUPPORT LEVEL Can Enter at 1330 if again falls then you need to average at 1230 level Target - 1800,1930 Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:KPITTECHLong
by Jagadheesh_JP
USDJPY Climbs, Testing Resistance at 155.829 On November 23, USDJPY maintains its "climbing" stance, hovering around 154.762, with the two EMAs (154.709 and 154.102) serving as steady support, like loyal companions. The big challenge lies at the resistance zone of 155.829 – will USDJPY "break through" and head straight toward 157.000? If not, a slip back to 154.000 will be the next test of resilience. The MACD flashes a green signal, hinting at a resurgence of buying momentum. Under the influence of high U.S. bond yields and the dovish stance of the BoJ, USDJPY resembles a "mountain climber," ready to push higher but cautious with every step. Remember, every scenario demands a solid plan!
by Sophi-A
2
XAUUSD Strong Recovery, Approaching Resistance at 2,790.537 On November 23, XAUUSD continues its strong recovery from the support level of 2,557.165, currently trading around 2,716.335, supported by EMA 34 (2,656.463) and EMA 89 (2,583.958). The price is approaching the critical resistance zone at 2,790.537. If it breaks above this level, the next target will be in the range of 2,850 - 2,900. Conversely, if the price declines, EMA 34 will serve as a key support level to watch. The current upward momentum is reinforced by safe-haven demand driven by geopolitical tensions and the Fed's decision to maintain interest rates. Traders should focus on price action around this resistance zone to determine the next direction.
OANDA:XAUUSDLong
by Sophi-A
EURUSD Drops Sharply, Awaiting a Test of Support at 1.03869 Today, EURUSD continues its downward trend, trading around 1.04186, under pressure from EMA 34 (1.05248) and EMA 89 (1.06202). The price is consolidating within a narrow range, with a high probability of testing the key support at 1.03869. If the price recovers, the resistance zone at 1.05167 will be a crucial level to break for confirming a bullish signal. However, selling pressure remains dominant, reinforced by rising U.S. bond yields and weak economic data from the ECB. Traders should closely monitor price action around these support and resistance levels to adjust their trading strategies accordingly.
Short
by Sophi-A
Gold Prices Recover, Awaiting a Breakout at 2706.275Gold prices rose during Asian trading on Thursday as escalating tensions between Russia and Ukraine boosted demand for safe-haven assets, helping gold maintain its upward momentum despite the strength of the USD. XAUUSD is showing a strong recovery from the key support level of 2649.094 and is now approaching the resistance level at 2706.275. The EMA 34 (2635.141) and EMA 89 (2647.073) continue to act as supports, reinforcing the short-term bullish trend. If the price breaks above 2706.275, the next target will be 2749.733, corresponding to a higher resistance zone. Market sentiment currently supports gold prices due to geopolitical tensions and the Fed's decision to maintain interest rates. Traders should closely monitor price action at these critical levels to develop effective trading strategies.
OANDA:XAUUSDLong
by Sophi-A
EURUSD Struggles Within Downward Channel, Awaiting Confirmation On November 22, EURUSD continues to move within a downward channel under pressure from the EMA 34 and EMA 89. After recovering from the strong support level of 1.04259, the price is now testing resistance at 1.05245, but the bearish trend remains dominant. If the price breaks above 1.05245, it may target the 1.05537 zone; however, failure to do so could see the pair revisit the 1.04259 support level. Rising U.S. bond yields and the ECB's cautious stance continue to pressure EURUSD, while risk-off sentiment drives inflows into the USD. Traders should closely monitor these key support and resistance levels to optimize their trading strategies.
Long
by Sophi-A
2
USDJPY Awaits Breakout from TriangleOn November 22, USDJPY is consolidating within a symmetrical triangle pattern, trading around the 154.397 level. EMA 34 (154.608) and EMA 89 (154.765) act as short-term and medium-term resistances. The MACD is gradually turning bullish, signaling potential buying momentum in the short term. If the price breaks above the triangle's upper edge and surpasses 154.765, USDJPY could rise to 155.500. Conversely, if the price breaks below the lower edge and drops under 154.000, the next target would be 153.500. The market is influenced by the Fed's decision to maintain interest rates and the BoJ's dovish stance, which continue to support the USD over the Japanese Yen. Traders should closely monitor the breakout to determine appropriate trading strategies.
Long
by Sophi-A
LTIM - Getting ReadyThe chart is self explanatory. Since Nov. 21, the price has been forming a Triangular pattern. Already given a breakout of that. Since Jan. 24, A Cup & Handle pattern is formed and a breakout is seen on the charts. At present time, we can observe the retest of the both breakouts. If the price gives a bounce back from present range of 6000-5800 and sustains above, may see a bullish run upto 7000/7500 and even more. If sustains below 5600, the setup goes weak. One should mind the position size according the risk-management. The above illustration is my own view, only for learning and sharing purposes, not a trading advice in any form. All the best.
NSE:LTIMLong
by anandlive
4
USDJPY Awaits a Breakout at 155.878 USDJPY is currently trading in a short-term uptrend but is being held back by a descending trendline and the resistance level at 155.878. After bouncing from the strong support at 153.350, the price is now fluctuating around EMA 34 (154.850) and EMA 89 (153.995), reflecting a tug-of-war between buyers and sellers. Rising U.S. bond yields and the Bank of Japan's dovish policies continue to support the USD, while the Japanese Yen remains under pressure. The RSI at a neutral level of 51.52 indicates unclear market momentum. If the price breaks above 155.878, the uptrend could strengthen with a target near 157.000. Traders should closely monitor key levels to make informed decisions.
Long
by Vanna-Cris
EURUSD Under Pressure, Support at 1.05151 Awaits TestEURUSD is currently continuing its downward trend, dominated by the descending channel and EMA lines. After bouncing off the strong support level of 1.05151, the price is now testing resistance at 1.05663 but remains under selling pressure as it stays below the EMA 34, confirming that the main trend has not changed. Risk-off sentiment has driven capital into the USD, increasing pressure on EURUSD due to the greenback's strength. At the same time, positive CPI data supporting the British Pound has reduced the Euro's appeal, further intensifying downward pressure on the pair. If the price fails to break above 1.05663, it is highly likely to retest the support at 1.05151 and potentially decline further.
Short
by Vanna-Cris