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EURJPY Technical UpdateTechnical Analysis Chart Update EUR / JPY ( Euro / Japanese Yen ) Time Frame - H4 According to Long Time Frame #LTF - Daily , we have Correction in " Rectangle " having " ABC " corrective waves It has completed " B " corrective wave and it has to Follow sell trend to complete its " C " Corrective wave We have " BULLISH CHANNEL " in Short Time Frame #STF - H1. If it Rejects from the Lower Trend Line then Buy If it Breaks the Lower Trend and Retest then Long Term Sell According to ELLIOT WAVES in #STF it has completed " 12345 " Impulsive waves and " A " corrective wave
by ForexDetective
Decisive Moment for NIONio is very close to breaking out of the long term downtrend from 69$. As you can see it has bounced with very high volume from the .618 Fib level. With great confidence, and also reclaimed the .382 fib (~19.55$). This is now a very strong support level. 24$ remains a target on which we have a confirmed upward trend reversal (from 69$). Again, this is to still be broken. Indicators point out there is enough room on Daily to move forward with upward movement. No exhaustion shown on buying power, and also looks there is an upcoming squeeze to upside if it remains at these levels. Fundamentally, Q2 earnings call was really a boost for confidence for many investors, the NVDA restrictions on certain chips will not hurt NIO in any way, confirmed by NIO. Also NIO is looking for other options longer term but this side-story can pretty much be closed as there is no impact whatsoever. Morgan Stanley also says technically this stock is bottoming out, also ET5 has shown a humongous interest by buyers, people standing in line even to view the ET5 at NIO house + additional budget benefits if they locked in their order by 9th September. This is a great success. Expect with upcoming catalysts, launch in Germany & Netherlands this will be a great final quarter of 2022. NIO Park should also be going ahead with the first preperations & executions of their ET5 model. Also NIO has been seen in the US with their ES8 NIO automomous driving capability. Blue sky coming.
N
by SpeedyNL
NZD/USD for long? There is a potential inverted head and shoulders pattern on the nzd/usd chart. So it all depends on the CPI numbers; if we see a price drop to the 0.6060 area, and if the CPI numbers come in lower than expected, we can consider the scalp long position relatively safe at that point. Higher CPI numbers are very likely to extend USD strength (in which case you can wait for the bullish pattern to fail and go short), so don't anticipate the numbers and wait for clarity.
by merjemascerija
EURUSD - 240 CHART TIMEFRAMEThe Structure is looks good to me, waiting for the this to correct and then give us these opportunities as shown on the chart. Note: its my view only and its for educational purpose only. only who has got knowledge in this strategy will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. we do not get into bullish or bearish traps. we anticipate get into only big bullish or bearish moves. Just ride the bullish or bearish impulsive move. buy low and sell high concept. buy at cheaper price and sell at expensive price. Keep it simple, keep it Unique. please keep your comments respectful. Thanks for your support....
Long
by Tradelikemee
GBPUSD - 240 MINS TIME FRAMEThe Structure looks good to us, waiting for the this to correct and then give us these opportunities as shown on the chart. Note: its my view only and its for educational purpose only. only who has got knowledge in this strategy will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. we do not get into bullish or bearish traps. we anticipate get into only big bullish or bearish moves. Just ride the bullish or bearish impulsive move. buy low and sell high concept. buy at cheaper price and sell at expensive price. Keep it simple, keep it Unique. please keep your comments respectful. Thanks for your support....
Long
by Tradelikemee
BTC MarketAction Analysis (Techno/Funda Analysis)After breaking its ascending channel that lasted for about 2 months, BTC fell in a falling wedge from the 25,000 to 19,500. Now BTC is in its demand range and according to the importance of this level which has the potential to reverse price, and the orders available in this range, there are 2 scenarios: Bullish scenario : It is possible that if the demand increases in this range, the price will rise to the $25,000 range. Bearish scenario : considering the macro factors ( Economic Data, Inflation, War, Political conflict about the JCPOA which can lead to gas shortage in upcoming winter) and also the price ranging at this level unlike the previous times, if demand decreases and sell pressure increases, we may once again see the price drop to the 17,500 and if it does not hold above this range there is a possibility that the next support will be seen at the 16,400 range.
by zipik
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