AMD's Long Awaited Reversal Advanced Micro Devices (AMD) has maintained a well-defined long-term ascending channel since 2019, marked by cyclical touches at both the upper and lower bounds. The current setup signals a bullish reversal following a successful retest of the channel’s lower boundary
AMD now shows a strong bullish reversal:
✅ Broke above a multi-year downtrend line with volume support
📈 Currently retesting resistance $128, a breakout zone historically met with selling
🎯 Channel target projection: $300, offering 140% upside from current price
🔄 Price action consistently respects this trend structure with rhythmically timed expansions every 18–24 months
🧾 Fundamental Tailwinds (2024–2025 Context)
🔥 1. AI Infrastructure & Data Center Dominance
AMD’s MI300X AI GPU series has gained significant traction against Nvidia, with major cloud customers like Microsoft Azure and Meta adopting it for inference workloads.
Revenue from AMD’s Data Center segment surged >80% YoY in Q1 2025, driven by hyperscaler demand and Genoa EPYC chips.
Guidance for 2025–2026 includes double-digit YoY growth across AI and cloud sectors.
🧠 2. Product Roadmap Strength
AMD maintains competitive momentum with Zen 5 CPU launches and RDNA 4 GPU architecture set to arrive late 2025.
Management reaffirmed commitment to high-margin enterprise products and scalable AI inference.
📉 3. Valuation Reset + Earnings Reacceleration
After correcting from $164 to under $100, AMD entered a consolidation phase, allowing for multiple compression reset.
Now trading at ~35x forward P/E (down from 60x peak), with EPS expected to grow >25% YoY into FY2026.
💵 4. Balance Sheet & Buyback Support
Over $5.7B in cash, near-zero debt, and an active $8B share buyback program reinforce shareholder value.
Gross margin in Q1 2025 stood at ~51%, with continued improvements expected from data center mix shift.
Fundamental Analysis
Do technical signals show Bitcoin’s path to $130K? Do technical signals show Bitcoin’s path to $130K?
Bitcoin briefly pushed above $110,000 for the second time this month, before pulling back slightly to trade around $109,500. The market consolidating just below the 61.8% Fibonacci extension level could be suggesting strong resistance is being tested near current levels.
Bitcoin remains within reach of its all-time high at $111,965, set on May 22.
The latest upward move may have been supported by comments from U.S. Commerce Secretary Howard Lutnick, who said trade talks with China in London were progressing well and likely to extend for a third day.
CNBC analyst Todd Gordon expects a breakout toward $130,000 according to his weekly chart analysis. According to our chart, A breakout above 111,897 could open the path to the 78.6% extension around $122,093, followed by the 100% extension target at $135,081
Gold fluctuates repeatedly and opportunities emerge.Gold bottomed out in the Asian session and rebounded to break through the opening of the decline. The European session continued to break through yesterday's high. The US session continued to break through the key pressure position of 3335-3345, and walked out of the standard strong cycle. After the break, it is necessary to change the thinking and follow the trend to be bullish. Pay attention to the support below 3315-3325. In terms of operation, it is mainly long when it falls back. The upper side gradually looks to 3352 and 3365. If the pressure is not broken, look at the falling space!
Operation suggestion: Go long when gold falls back to 3325-3315, and look at 3338 and 3352! If the pressure above 3352 and 3365 is not broken, you can short!
The recent trading strategy ideas are all realized, and all the points are predicted accurately. If your current gold operation is not ideal, I hope I can help you avoid detours in your investment. Welcome to communicate with us!
GBPJPY Eyes Reversal from Resistance – Bears Geting ReadyHey Traders,
OANDA:GBPJPY is currently testing a key resistance zone around 195.75 - 196.35, showing early signs of rejection. The pair recently completed a bullish impulse, but bearish pressure is creeping in as price forms a potential lower high-suggesting a possible shift in structure.
Current Market Conditions:
Price is reacting to a historically significant resistance near 196.35, which has capped previous rallies.
Bearish engulfing candle near this zone signals exhaustion of bullish momentum.
A break below 195.00 would confirm a short-term trend reversal, with room for a deeper pullback.
Next major support lies at 193.51, which aligns with previous demand and consolidation zones.
Fundamental Analysis/Outlook:
Today’s UK labor market data showed slowing wage growth, reducing pressure on the Bank of England to maintain a hawkish stance. Meanwhile, JPY strength is creeping in as market participants remain cautious ahead of upcoming BoJ announcements. This divergence in monetary policy outlooks may fuel further downside in GBPJPY.
Targets:
TP1: 194.79
TP2: 193.51
TP3 (extended): 192.20 (if risk sentiment sharply worsens)
Risk Management:
Stop-Loss: Above 196.35 to invalidate bearish bias.
Maintain proper position sizing.
Wait for confirmation of a lower high or trendline break before aggressive entry.
Technical Outlook:
Potential bearish structure forming.
Resistance held multiple times between 195.75 – 196.35.
Rejection candles and a break of recent support would favor sellers.
Conclusion:
If price confirms rejection at current levels, bears could take control toward 193.50 support. Keep an eye on momentum shifts and key price action signals for confirmation.
Sign-off:
"Markets move on conviction, not hope. Trade what you see, not what you feel."
I would love to hear your thoughts in the comment section, and please hit boost and follow for more ideas. Thank you, and profitable trading to you all!
BTC buy now !!!So if you pay attention to the btc chart you can see that the price has formed a Ascending FLAG or wedge which means it is expected to price move as equal as the measured price movement.( AB=CD )
NOTE: wait for break of the FLAG .
Give me some energy !!
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Gold Holds Structure – Bulls Eye Recovery Toward Key ResistanceHey Traders:
Gold ( OANDA:XAUUSD ) has maintained its bullish market structure despite recent pullbacks. We are currently sitting on a significant horizontal and trendline support area, where buyers have previously stepped in. This presents a potential opportunity for a bullish continuation if price holds and confirms at this zone.
Current Market Conditions:
Price is holding above a confluence zone of horizontal support and the lower bound of the ascending channel.
Recent rejection from the 3,320–3,325 area shows this level acting as a decision point.
Bullish engulfing candle forming at this level may indicate renewed buying momentum.
An internal ascending structure remains intact, pointing to the potential for a rebound.
Fundamental Analysis/Outlook:
Gold & Stocks Both Nearing All-Time Highs
Gold futures are up ~27% year-to-date and are trading near record prices alongside the S&P 500—a rare occurrence that reflects a market split between optimism (equities) and caution (gold). This dynamic is fueled by dovish Fed expectations, inflation fears, and structural concerns like a weakening U.S. dollar and rising deficits
U.S.–China Trade Talks Support Gold
Spot gold inched higher ahead of high-stakes U.S.–China trade discussions in London. These talks reduce global inflation pressure but also retain volatility due to ongoing geopolitical uncertainty. Any de-escalation could relieve gold's recent rally, while a breakdown could act as a catalyst for further upside.
Targets:
TP1: 3,336
TP2: 3,344
TP3: 3,349
Risk Management:
Stop-Loss: Below 3,323 (just under structure support)
Ensure risk-to-reward ratio of at least 1:2.
Wait for bullish confirmation before entering, such as a strong breakout candle or retest-and-reject pattern.
Technical Outlook:
The chart shows price holding at a key support, within a bullish channel.
Market structure remains bullish on intraday timeframes.
A potential inverse head-and-shoulders formation or wedge breakout may be developing.
Entry on breakout and retest above 3,326 resistance zone would be ideal.
Conclusion:
As long as price continues to respect the current support zone and structure, XAUUSD holds potential for a bullish continuation. Watch for confirmation, manage risk, and trade with precision.
Sign-off:
"Opportunities multiply as they are seized. Trust the structure, not your emotions."
I would love to hear your thoughts in the comment section, and please hit boost and follow for more ideas. Thank you, and profitable trading to you all!
Adobe’s Charts Show Mixed Signals Heading Into EarningsAdobe NASDAQ:ADBE is set to report the firm's fiscal Q2 results on Thursday. What do the software giant’s charts and fundamentals say heading into the report?
Let’s take a look:
Adobe’s Fundamental Analysis
ADBE was one of the original "Cloud Kings" back when the cloud was going to be Big Tech’s Next Great Thing. But as the shift in what's hot for tech firms moves from the cloud to generative AI, Adobe has been trying to evolve.
Wall Street is looking for ADBE to report $4.97 in adjusted earnings per share on $5.8 billion of revenue for fiscal Q2, which ran through May. Compared to the same period a year ago, results like that would amount to 10.9% of earnings growth on 9.2% of revenue gains.
Coming into the quarter, the firm had guided investors and analysts toward $4.95-$5.00 of adjusted EPS on $5.77 billion-$5.82 billion of revenue.
However, 19 of the 26 sell-side analysts that I can find that cover Adobe have cut their earnings estimates since the latest quarter began. (Seven revised their estimates higher.)
And beyond the headline earnings and revenues, some investors will also watch closely for Adobe’s so-called “remaining-performance obligation.” That refers to revenue that the company expects to recognize within the coming 12 months.
That number came in at $19.69 billion during Adobe’s fiscal Q1, of which the firm considered 67% as "current." Wall Street will be watching for whether that number rose or fell in fiscal Q2.
Adobe’s Technical Analysis
Now let’s look at Adobe’s charts, beginning with a 13-month one:
Readers will see that ADBE reacted sharply to a “double-top” pattern of bearish reversal that stretched from June through October 2024, as marked with two red boxes at the above chart’s left.
This pattern peaked in early September, and the stock bottomed out early in this past April.
Adobe has rallied back since then, but appears to have run into some resistance close to the 38.2% Fibonacci retracement level of the early September through early April downtrend. That’s the gray horizontal line third from the bottom in the gray box at the chart’s right.
Now, let's declutter this chart a little and zoom in for a focused look at what's going more recently with the stock:
Looking at this time scale, readers will see that almost all of Adobe’s price action going back to the double-top pattern’s September apex fits very neatly within what we call an “Andrews' Pitchfork” model. (Denoted by the three purple diagonal lines at right.)
ADBE rebounded off of the pitchfork’s lower trendline in early April, then got a boost from what’s called a “mini golden cross” or “swing traders' golden cross” in May. That's when a stock’s 21-day Exponential Moving Average (or “EMA,” marked with a green line above) crosses above its 50-day Simple Moving Average (or “SMA, denoted with a blue line).
However, the stock recently hit a rough patch as it tried to break out from the pitchfork’s upper trendline. That makes the upper line Adobe’s upside pivot for now -- currently at about $408, which ADBE was trading above as of Tuesday afternoon.
If Adobe can definitively find support at that level, the chart doesn’t indicate any significant resistance until the stock reaches its 200-day SMA (the red line above) at about $458.
Looking at our other indicators, Adobe’s Relative Strength Index (the gray line at the chart’s top) looks healthy, but not technically overbought. That's generally a positive.
That said, the stock’s daily Moving Average Convergence Divergence indicator (or “MACD,” marked with black and gold lines and blue bars at the chart’s bottom) isn’t quite as cheery. The histogram of Adobe’s 9-day EMA (marked with blue bars) has gone negative, which can be seen as a short-term bearish signal.
Additionally, the 12-day EMA (the black line above) is wrestling with the 26-day EMA (the gold line) for MACD supremacy. If the black line wins, that's probably good for Adobe’s share price. But if the black line loses, that’s probably bad for the stock.
(Moomoo Technologies Inc. Markets Commentator Stephen “Sarge” Guilfoyle had no position in ADBE at the time of writing this column.)
This article discusses technical analysis, other approaches, including fundamental analysis, may offer very different views. The examples provided are for illustrative purposes only and are not intended to be reflective of the results you can expect to achieve. Specific security charts used are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. This content is also not a research report and is not intended to serve as the basis for any investment decision. The information contained in this article does not purport to be a complete description of the securities, markets, or developments referred to in this material.
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Everything Looks Fine Until You're Liquidated Ever felt like the market is calm and steady, then boom — everything crashes?
Everything seems fine … until one liquidation candle slaps you awake.
This analysis explores how the illusion of safety can destroy your capital — and how to use TradingView tools to stay ahead.
Hello✌
Spend 3 minutes ⏰ reading this educational material.
🎯 Analytical Insight on Dogecoin:
If Dogecoin fails to gain at least 30% in the next two weeks—while Bitcoin continues to rally—this divergence could signal a broader market weakness. When BTC outperforms and altcoins lag, it often reflects declining risk appetite and potential capital rotation out of speculative assets. A move toward the $0.25 target is key for confirming bullish continuation across the altcoin sector. 📉
Now , let's dive into the educational section,
🧠 The Illusion of Safety: Silent Capital Killers
The biggest risk in trading is when things “seem fine.” A quiet chart is often the calm before the liquidation storm. Don't get cozy.
📍 TradingView Tools That Could Save You 🛠️
When the market feels safe, that’s exactly when danger starts brewing.
This is where TradingView’s tools come into play as your best defense.
First up: Volume Profile V isible Range. It reveals exactly where big players entered and where liquidity is building up.
Right near these zones, you’ll often find fake breakouts and whale traps.
Next: Fixed Range Volume Profile — great for identifying volume clusters within specific price ranges. If volatility shrinks while nearing a high-volume zone, get ready: a shakeout may be coming.
Don't just use price alerts. Go deeper — set alerts for EMA crossovers, sudden RSI shifts, or breaks through low-volume areas . That’s where silent moves become violent moves.
One underrated gem: Long/Short Position Tool . Use it to simulate your liquidation points before you open a trade. It’s like pre-visualizing your own death — so you can avoid it.
These tools aren’t just fancy widgets. They’re how you read the silent signals of the market before it slaps.
🐍 Whales Hunt Your Comfort Zone
The market doesn’t wait for you to be ready. Whales wait until you feel safe. Then they hit, wiping retail traders to create room for entry.
🚩 Trades Without a Plan Are Liquidation Invitations
Opening a position without mapping your liquidation zone? That’s like flying blind into a hurricane. Always have Plan A — and a backup Plan B.
🔍 Quiet Crashes Begin With Fake Breakouts
The market won’t warn you. It teases with one green candle, maybe a soft pump... and then drops like a rock. That’s the trick.
🧮 Moving Averages: When Smooth Means Scary
When EMA 21 and 55 flatten out too much, it’s not peace — it’s buildup. Flat EMAs = warning. Don’t be fooled by “smooth” charts.
⚠️ Liquidation Data = Psychological Red Flag
Liquidation spikes on sites like Coinglass aren’t just stats — they’re signs of herd slaughter. Use them as sentiment analysis. It's not just what got liquidated — it's who and why.
🧪 Post-Liquidation Analysis: Recovery or Spiral?
After liquidation, many rush to “make it back.” That's when more destruction happens. You need a post-liquidation plan, not just a pre-trade strategy.
🔐 The Best Trades Are Sometimes Early Exits
Exiting a trade that looks “fine” is a pro move. When everything feels stable, the market may be prepping to flip the table.
🧊 Cold-Minded Trading Saves Accounts
Pros stay ready during calm markets. Amateurs dive in when it’s “finally safe.” That mindset difference defines survival.
🧭 Final Takeaway
If there’s one thing to remember from this analysis, it’s this:
Never trust the market. Trust your tools. Trust your strategy.
The market is never safe — it only pretends to be.
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We put so much love and time into bringing you useful content & your support truly keeps us going. don’t be shy—drop a comment below. We’d love to hear from you! 💛
Big thanks,
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📜Please remember to do your own research before making any investment decisions. Also, don’t forget to check the disclaimer at the bottom of each post for more details.
Amd - This is just the beginning!Amd - NASDAQ:AMD - perfectly plays out:
(click chart above to see the in depth analysis👆🏻)
Despite the harsh drop of about -65% which we have been witnessing starting back in 2024, Amd remains bullish. Just three months ago, Amd retested a textbook confluence of support. We saw bullish confirmation, the bottom is in and Amd will rally significantly from here.
Levels to watch: $200, $300
Keep your long term vision!
Philip (BasicTrading)
Bitcoin - Here we have the all time high!Bitcoin - CRYPTO:BTCUSD - is just getting started:
(click chart above to see the in depth analysis👆🏻)
It was really just a matter of time until we see a new all time high on Bitcoin. Consindering that over the past two months alone, Bitcoin rose another +50%, this was a clear indication that bulls are taking over. But this all time high is clearly not the end of the bullrun.
Levels to watch: $300.000
Keep your long term vision!
Philip (BasicTrading)
Japan’s Metaplanet to Invest $5.4 Billion in Bitcoin: A Bold StrAmid growing global interest in cryptocurrencies, Japanese investment firm Metaplanet has announced plans to invest $5.4 billion in Bitcoin. This strategic move places the company alongside the largest corporate Bitcoin holders and reflects Japan’s evolving financial stance, where digital assets are beginning to play a more prominent role.
According to Metaplanet, the firm intends to acquire approximately 210,000 BTC by 2027, representing nearly 1% of Bitcoin’s total supply, which is capped at 21 million coins. This initiative is aimed at hedging against inflation and the depreciation of the yen, while also strengthening the company’s position in global financial markets.
Unlike traditional funds, Metaplanet is committed to a long-term holding strategy (hodling) rather than speculative trading. This signals growing confidence in Bitcoin as a store of value comparable to gold. The company also anticipates increasing institutional demand and the potential recognition of Bitcoin as a reserve asset by central banks.
This move is also seen as a step toward legitimizing Bitcoin across Asia. Analysts suggest that other Japanese and South Korean companies may soon follow Metaplanet’s lead.
The $5.4 billion Bitcoin investment is more than a financial move—it’s a statement about the future. Metaplanet is showing that digital assets are becoming an integral part of modern macroeconomic strategy.
Will Nissan be saved from Bankruptcy?Financial Health & Bankruptcy Risks
Credit ratings in junk territory
Moody’s recently downgraded Nissan’s credit rating to Ba2 (negative outlook), highlighting weak free cash flow and margins. S&P and Fitch have also downgraded Nissan to below investment‑grade with negative outlooks.
Massive restructuring and heavy losses
Nissan recorded a loss between ¥700–750 billion (~$4.9–5.3 billion) for the fiscal year ending March 2025. It is slashing workforce by 20,000 jobs (15% of staff) and closing plants—cost cuts totaling ¥500 billion (~€4 billion) .
Bankruptcy probability contradictory
Macroaxis data shows an 80%+ distress probability, indicating severe risk. In contrast, another analysis cites a much lower 4.7% bankruptcy chance but flags poor solvency and weak interest coverage.
Turnaround Plans & Potential Lifelines
Re:Nissan turnaround strategy
Under new CEO Ivan Espinosa, Nissan is executing an aggressive plan: job cuts, plant closures, and restructuring. He’s also refocusing on EVs, hybrids, and partnerships.
Merger or investment hopes
Talks with Honda aimed at a mega-merger failed, though discussions remain open. Possibility of seeking anchor investors or strategic partnerships (some even speculating interest from the likes of Tesla or Foxconn), though none are confirmed .
Investor Outlook: Why Nissan Is Risky
High financial leverage: Junk ratings signal difficulty in accessing capital and higher borrowing costs.
Execution risk: Massive cuts and restructuring can be disruptive and slow to turn into profitability.
Industry headwinds: The shift to EVs and hybrids is accelerating—Nissan’s lineup has lagged behind competitors.
Geopolitical threat: Tariffs (especially on Mexico-made vehicles) could further squeeze margins
-Disclaimer: This analysis is for informational and educational purposes only and does not constitute financial advice, investment recommendation, or an offer to buy or sell any securities. Stock prices, valuations, and performance metrics are subject to change and may be outdated. Always conduct your own due diligence and consult with a licensed financial advisor before making investment decisions. The information presented may contain inaccuracies and should not be solely relied upon for financial decisions. I am not personally liable for your own losses, this is not financial advise.
GBP/USD eases off highs again after poor UK dataAfter an initial tumble to just shy of 1.3450 in response to this morning’s disappointing UK jobs and wages print, the pound staged a spirited recovery, climbing back to a high of 1.3536. However, that rebound appears to be fading, with sterling once again drifting lower as the US dollar finds its footing across the board.
The underwhelming labour market data has bolstered expectations for a Bank of England rate cut in August, with a second move potentially on the cards in November, should incoming data allow. With rate cut probabilities on the rise, the pound’s four-month rally could be running out of steam.
June remains in positive territory for GBP/USD, which raises the prospect of a fifth consecutive monthly gain. But that run may be living on borrowed time. Any further deterioration in UK data—or even a modest pick-up in risk appetite favouring the dollar—could well tip the scales back in favour of the greenback.
From a technical standpoint, cable is beginning to look somewhat top-heavy. The key support zone between 1.3430 and 1.3450 has held up thus far, but a clean break below this region would mark a bearish shift in sentiment. Should that occur, a retreat towards the low 1.30s could swiftly come back into play.
By Fawad Razaqzada, market analyst with FOREX.com
Gold fluctuates widely, strategy remains unchanged
📌Gold news
The US and Chinese delegations will continue talks in London for the second consecutive day. President Trump expressed optimism, saying the talks "should go well". US officials said the talks could lead to Washington lifting certain technology export restrictions in exchange for Beijing relaxing controls on rare earth exports - a material that is critical to industries such as energy, defense and advanced technology. The results of these negotiations may provide a new direction for precious metals
📊Comment analysis
The European session continued to retrace and gave a low of 3293, then slowly strengthened. The current high reached 3349, so today's strategy does not need to be changed for the time being. If the current market is given to 3335-3345 again, short orders can still be entered. The current trend is still weak, and the US market is likely to follow the old path of a second decline, so the current idea of shorting on the pullback remains unchanged for the time being!
💰Strategy package
Gold: Short on rebound 3335-3345, stop loss 3350, target 3300-3280!
⭐️ Note: Labaron hopes that traders can properly manage their funds
- Choose the lot size that matches your funds
-
Slow upside for France - But is it inevitable to 8,645?France and Germany and I guess Europe in general is just slow.
Lifestyle is slow and steady, not major developments.
Life continues with a somewhat socialistic form of living.
And so moves the indices in Europe the same way.
We established a Cup and Handle, and was waiting for a breakout above the brim level. Which We kind of got.
But now we are in consolidation mode, and we can expect some sideways before it breaks out of what looks like a Descending Triangle.
The funny thing is Descending Triangles generally have breakouts to the downside, but we are anticipating it breaks up.
Biased maybe. Intuition - Yes.
Cup and handle
Price>20 and 200MA
Target 8,645
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Ethereum setting itself to go back to $3,794 - Summer CryptoJust like Bitcoin looks like it's about to RALLY hard in the next few months.
So does Ethereum which will follow the father of Crypto.
We have the price breaking above the Cup and Handle and the price is above the 20 and 200MA.
It seems like Summer is here in Europe as well as for Crypto.
So the next target is easily at $3,794
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Perfect grasp of the high altitude and low multi rhythm!The current trend of gold continues yesterday's trend, maintaining a high rebound and volatile market. But don't panic, focus on the performance of the rebound. If the rebound fails to break through the upper resistance level, continue to focus on shorting. The upper suppression area is locked at the 3335-3345 line. Although the bullish performance has been strengthened, if it cannot effectively break through this range, it is still a short-term weak signal. From the current market, the upper pressure is obvious, and the rebound can rely on this range to layout the main short, focusing on the continuation of the decline. The lower support focuses on the 3293-3300 integer mark, and the overall long and short wide range of volatile market is maintained. Before the daily level fails to effectively break through and stand firm at the 3345 mark, it is difficult to say that the bulls will turn strong, and operations need to be cautious. If the market adjusts, the strategy will be updated simultaneously.
Operation strategy suggestion: Gold rebounds to the 3335-3345 first-line area to choose the opportunity to short, target the 3295-3306 range, strictly control risks, and follow the trend.
The calm before the storm for Germany to 25,113W Formation formed on Germany and the price rallied up super well.
3/4s to the take profit, but then the inevitable consolidation phase kicked in and we've been waiting for the next breakout for when it breaks above the box.
So all other elements and conditions stay the same, we just need to be patient and let it run it's course.
Price>20 and 200
Target 25,113
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Copper is SLOW but steady and climbing to the impossible 10,677The target seems like it's in another universe, but we are patient traders right?
Actually, this analysis is turning out to be a MEDIUM term investment.
The problem, with derivatives the Interest eats away daily and the price goes up technically.
However, the analysis is still on despite the slowness of copper. Besides, it's not the most exciting metal.
So, we'll just have to endure the upside and maybe cut the profit and let the position run as it wishes.
Target remains at Target 10,677
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
From Cup and Handle to W Formation for CHF/JPY but target 186.04Initially, we saw a Cup and Handle form on CHF/JPY.
The price however, never broke above the Brim level, and instead formed a W Formation.
So now that we have a W Formation, it kind of changes the analysis but only in the breakout pattern form.
So now we will wait for the price to break above the Neckline of the CHF/JPY.
The rest of the analysis remains the same.
Price>20 and 200
Target 186.04
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
CAD/CHF taking a pit stop before the break down?We saw a MAJOR Inverse Cup and Handle on CAD/CHF.
And when it broke down, we were too optimistic that downside would prevail.
In the interim, a Symmetrical Triangle was forming instead.
The prior trend was down, the Symmetrical Triangle is sideways, and it would be wrong to say the price is going to just break down.
By probability yes, the price does tend to break below according to the prior trend. But if CAD picks up, it could very well break up. We just have to wait for the APEX and then the break up or down.
My bet and according to the analysis, remains DOWN.
Let's see how it plays.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.