Current Situation: THETA has been drifting lower due to general market indecision but may be poised for a short-term bounce. Trade Strategy: Entry Point: Enter a long position within the $2.09 to $2.03 range. Take Profit Targets: First Target: $2.21 Second Target: $2.32 Third Target: $2.44 Stop Loss: Set a stop loss at a candle close under $2.01 to manage...
Current Situation: IMX has experienced a sell-off this week but might be poised for a reversal. The current ENTRY box offers a favorable setup, incorporating multiple levels of confluence such as trend, 0.786 Fib, horizontal supports, and a reset Stochastic RSI on 12-hour and daily timeframes. Trade Strategy: Entry Point: Enter a long position within the $2.15 to...
Last week was marked with indecision. Market was moving in a narrow range while Buyers were waiting for FOMC ad NVDIA’s earnings. After receiving positive confirmation (FOMC neutral, earnings good) market tried to go higher but found no support from large players. Sellers took advantage of the weakness and dropped price, clearing many weak longs established in the...
On the monthly we are currently witnessing the formation of a descending trangle in preparation for a breakout to the upside if we cross 1.13093 or to the downside if we cross 1.04898. This level has been mitigated back in July 2022 taking all buy side liquidity in the process beofre returning to create the new support level to begin a new wyckoff accumilation...
Anticipation Builds: Traders eagerly await capital inflow into altcoins, known for substantial gains during bullish runs. TOTAL3 Catch-Up: The TOTAL3 index lags behind the market, currently finding support between $670B and $705B. Breakthrough Attempts: Recent days witnessed multiple efforts to breach the upper limit at $705B, signaling a potential market...
Intra day play for EUR/USD. Target Levels are 1) 1.08107 2) 1.78286 3) 1.07553 4) 1.07280 Let me know what you guys think. Hope your have a great day and your screens are green. Capital Club Team.
Nifty Short, Medium, Long Term 28-May-24 to 31-May-24 Nifty closed at 22932 (22466) and touched low & high of 22409 & 23022 RSI and stochastics levels was up from last week (66 % & 86% Respectively). Stochastic in over bought levels (>90%) on 26-May-24 and started reducing on 27-May-24 Anticipation in Political results lifted the market as exit poll started...
Today's Trade Summary 📊 2x Trades Taken (1x Win & 1x Break Even) 📈 EUR/USD failed to gain enough momentum when the NY markets opened, so we closed for break even to protect our profits. XAU/USD (Gold) hit TP 1 for a 98.5 pips move, with all profits taken off the table at this time of writing, equating to a 1:1 Risk Reward gain. 💰🏅 I still expect XAU/USD to move...
Based on historical trends and current market conditions, XAU/USD is likely to be bearish for day trading with a starting price of 2414.44. Traders should monitor real-time market dynamics and economic data releases for potential price movements throughout the upcoming week. Entry: 2414.44 SL: 2422.72 Target 1: 2370.95 target 2: 2332.10 #Xauusd...
Market closed strongly last week after reaching a new historical high. There was some sluggish consolidation on Thursday-Friday but near end of Friday trading hours, bulls put end to it by setting hourly higher low. Friday closed within Thursday’s range after a failed break-out, which is a very bullish signal. Currently, we have full alignment on all major...
A stock we previously considered "dead" and seemingly on its last legs is Zoom. Despite its current low standing, it warrants another look. Zoom is currently trading around its lowest level ever, approximately $58 to $59. This is a stark contrast to its all-time high of $588, marking a significant sell-off following the end of the COVID-19 pandemic. Stocks like...
The period from January to May 2024 has been marked by significant bearish sentiment due to multiple geopolitical events. The escalation of conflicts in Ukraine, increased US-China trade tensions, disruptions in the Red Sea, and heightened hostilities in the Middle East have collectively contributed to market instability. These events led to increased energy...
Nifty Short, Medium, Long Term 20-May-24 to 24-May-24 Nifty closed at 22502 (22055) and touched low & high of 21836 & 22514 Nifty was up from the support level. RSI and stochastics levels was up from last week (56 % & 69% Respectively). Both are moving up towards oversold zone. Nifty 22502- Short & medium term (Neutral till it cross 22820 decisively) As...
The purpose of this chart is to show how retirement funds are drained once returns reach 20%. The reason this happens is because the purpose of the 401(k) is to prevent working people from ever reaching anything that resembles financial independence. From the time we begin our careers to the time that we reach retirement age, we are CONSTANTLY told that if we do...
After confirmation of control in the first days of May, bulls enjoyed their dominance. The market opened with a gap up on Monday, rallied throughout the entire week, and closed very strongly within the top value area. There was some profit-taking on Monday, but sellers were not able to push the price even below the previous day's high. At this stage, there are no...
To day we look at some market on GOLD ,GBPUSD and GBPJPY and market some relevant way price is likely to move .
Explore the latest trends in the GBPJPY forex pair with identified sell levels at 195 and 197. Our comprehensive analysis delves into key market drivers, technical indicators, and fundamental factors, providing strategic insights for navigating the dynamic GBPJPY landscape.
Trade Overview: SUPER has reached a robust support area, maintaining its position for the past month, indicating potential for a long trade opportunity. Trade Strategy: Entry: Consider entering a trade between $0.81 - $0.93, capitalizing on the strong support zone. Take Profit: Set take profit targets at $1.118 - $1.27 and identify the next area of resistance at...