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Breakingout

2104 Quick Revew of last week trading plansHello traders Today is 21th April Wednesday. We are going to have a quick review of last week trades we sent out, not trading plans on tradingview. 1st one EURGBP This is a trade hit stop loss by a third hit on this upper band of flat channel with 30 pips loss. Autually, EURGBP gave us a second chance to sell on last Friday after hitting our stop loss on the reflection point of the channel. I personally did open a sell on that that position with 1 lot. Now this ratio is pulling back on 1h chart with sideways. You could keep eyes on this ratio for new entry opportunity to sell. 2nd USOIL We got this trade hit all targets with 200 pips, RR>3. Actually, we could be better because usoil rise up to 64 eventually. And our second idea on USOIL on 1h chart to long again hit its 1ST target too. And traders who open a trade based on 1h chart like us might be got a break-even trade because OIL start to drop from this Tuesday after hitting the upper line of that channel again and made a hard drop from there. 3rd GBPUSD GBPUSD hit our 1st trade stop loss with 50 pips loss. And it almost hit our 2nd trade with a fake breakthrough. But it did not. And eventually , it move alone with the flat channel and changed its running rhythm with middle band support and rallied up to hit all targets of our 2nd trade with 230 pips, RR>5. 4th XAUUSD GOLD hit our 1st trade while it making a retest of middle band of Bollinger band and we got out 2nd trade by that position with potential RR>4, targeting 1777. It did a wonderful job. So two trade on GOLD eventually got 240 pips profit. 5th USDCAD We were expecting a trade to follow main channel to drop. But USDCAD surprised us with a strong rally up to break it and hit stop loss with 70 pips. 6th USDJPY USDJPY we expected it to reversed by breaking through this trend line on 1h chart. But it kept moving after a correction that broke this trend line and hit stop loss with 40 pips. So totally we got 390 pips all together last week. Plans last week on EURJPY, GBPCAD AND NZDUSD did not become a real trade for us. EURJPY did not give us a confirming signal. GBPCAD gave us a reversal signal and we did not want to join it. NZDUSD did not pull back for us to join. So thats reveiw for last week. Good luck for this trading week. Will update new plans later video. Good luck!!! LESS IS MORE!
by FUNTRADER-Vera
EURUSD - Price breaking now - Buy the RetestHi Traders! The market is in an overall Uptrend. (Fyi: All screenshots were taken before the Breakout) Let's start our Mutliple Timeframe Analysis of this pair with the weekly! Here is the screenshot: As you can see, the market is going to reach the "Area of Reaction" soon. This area represents the last High above the current price. That was in April 2018. Then it started a descending Parallel Channel. This has been broken out after a Fake Out. Since then, there is a Trendline which gives some additional strength to the Bulls. However, we should observe the reaction at the "First Level of Reaction" in the future. Moving on with the daily TF: Here you can see a clear uptrend. It started a Trending Move after the Breakout at around 1.10 and moved until the the Level 1.19. After that, a consolidation began. This consoldiation ended when the Trendline came near to the price. It finally broke out bullish again. Let's continue with the H4 TF: As you can see, the market moved in a consolidation after the Breakout too. It was in a shape of an ascending triangle, because higher Lows stepped in to Resistance. And take a look at this: Every time the price gets near of the 50 EMA, it gets high momentum and moves up. Now the 50 EMA is near again, so we expect bullish pressure. Finally, let's talk about the Entry Timeframe: Here you can see the price is getting more and more squeezed. This is a good opportunity, because it is like collecting fuel into a tank, before adding fire to it. That is every time the case, when you see a "squeezing market". It just needs one little Up-Movement - the spark of fire - to get explosive results. We recommend to trade the Retest of the Breakout! Thanks and successful Trading :)!
Long
by swissmoneymakers
2
Amazing Week For SPX, Big October Coming 3800+SPX - Three weeks to go to election. Pretty amazing price action this week. After a scary push down on Tuesday. Wednesday, Thursday and Friday did nothing but go up the rest of the week. SPX is due for some consolidation but all indication is SPX is going to have a big October including a test of all time highs and beyond. 3425 is a key level to hold on any pullbacks. If SPX can get over 3486 it opens up 3528 and 3579 above. 3486 is the final key resistance before 3600+. Below 3425 is 3411 and 3389. If SPX loses 3425 look for longer term consolidation or sideways range bound action into the election. SPX was stronger than NAS. It reached it's key resistance level at 3486, NAS is still under this level. BOTH NAS and SPX will have to clear their key resistance levels to test all time highs. Avoid the noise of why the market is going up or why it can't go higher. Let go of your own biases. The price action is telling us it is going to test all time highs. If this changes we will change with it but don't let bias or fear hold you back from the opportunity that is currently being presented.
OANDA:SPX500USDLong
by TradingWithTrends
2
Connectome breaking out of FallingWedge!!Hi everyone, took a look at CNTM this morning. Everything said and drawn in the chart. - breaks out of falling wedge - higher low - rsi rising Lets see where this goes. My premium followers got the early call, but I wanted to share this with you swell after it retraced in the short time frame. Give me a hint if you want to join my calls. This is not a trading advice, just my personal opinion on the Chart. Have a great day everyone. Cheers
C
by OliverTA
1
Litecoin breaking out Falling wedge!LTC forms a structure similar to Falling wedge because it always creates a new Lower Low. The downtrend is already slowing down and there may be a break out of this channel. We are currently in the Buy Zone, so I would definitely create 2-3 orders to buy between 0.006590sats to 0.005950sats. Stop Loss goes below the local bottom, 0.005840sats. You can see Key zone in the chart. It is the key level that will show us what LTC really has the power to break through the Falling Wedge. If we break through the Key zone and stay on top of it, our first target will be 0.007880sats and the second target will be 0.01sats.
Long
by Tradify_Labs