Get started

Breakouts

Week Of 2/25/2024 Gold Performance Never have i ever though id trade Gold so here we are! After analyzing the previous week for Gold, Gold was still in a strong bullish market. With this information, heading into the first day of the week, would be the beginning of a good one! Gold formed a new higher high indicating a continuation of a strong bullish market, then later retracing to form a higher low, prompting new supply and demand zones. With this retracement, gold formed a descending wedge pattern which is a bullish pattern that is used to catch the trend break of a retracement during a bullish trend. To continue, because the market is bullish, we are only looking to enter in a buy after the trendline break of the descending pattern, and this will be the first round of profits for the week for a profit of 1.5% at a total of 53.7 pips! After the trade, price failed to break past the previous high and retraced back to the higher low. As price failed to break the previous higher low, we can confidently predict, price is in a range market, and because the overall trend is bullish, we can throw another trendline and the starting point of the current retracement, and wait for price to break that trendline to ride it up to our target percentage. Furthermore, this would be our second round of profits for 1.5% at a total of 57.2 pips! Now with a net profit of 3%, coming into Thursday, price broke the supply zone and formed a higher high! After that, price started to retrace a bit and once it formed a second point of data, we are able to throw in another trendline which ended up breaking early morning for our third round of profits at 1.5% for a total of 109.8 pips! All in all, we ended the week with 4.5% gain on the account and no losses! Consistency is the key to trading. even though the travel of price was different with each trade especially on friday, your target should always be 1.5-2% of your total account size. your lot size will vary depending on the setup and how far your target loss is. You do not have to take the full move of a break. You only need a piece of it!
FOREXCOM:XAUUSDLong
by AzzenWazHere
Long term breakout in DBSTOCKBRO (NSE)NSE:DBSTOCKBRO has broken out this week from a long term zone. The move has occurred after a nice rounding bottom that took nearly 8 years. Remember that the longer the pattern formation, larger the move. Now if we go by classic TA, rounding bottom low from breakout zone is a 550% move (38 points in terms of number). If we go by % then there is a huge upside potential in the stock. Even if we go by just the absolute move, it would still be a healthy 70%. Break of this week's high should be a good entry point if you're an aggressive trader. On the downside, if there is a re-test then it might go back to 45 zone before it continues on the upside. If you're a conservative trader then you can wait for the pullback (though it may never happen). Worst case, the breakout might fail completely hence it would be prudent to trail this using a tight average in a daily timeframe, e.g. 9DEMA/10DMA.
NSE:DBSTOCKBROLong
by YetAnotherTA
VR Is good for at least 100% if not more on the Swing Trade Vr has been consilidating and squeezing for awhile now. We have a resistance line on the ADX forming that we broke out of and a Support line that formed the third time it was tapped we saw our Breakout through the Moving Averages. Fib Ranges say we have quite awhile to go aiming the final target price at 21 cents. This Token seems Very Promising. Enjoy and as Always DYOR Follow for more. Below is the call that got my attention 🔎 *Symbol*: `VR/USDT` 📈 *Signal*: `Long` 💲 *Current Price*: `0.053278` 🛑 *Stop-Loss*: `0.022409436` 💰 *Market Cap*: `150800431.85436806` 🚪 *Entry Prices*: 📥 Entry Price 1: `0.042492564` 📥 Entry Price 2: `0.048704718` 📥 Entry Price 3: `0.053725499999999995` 📥 Entry Price 4: `0.058746282` 🏁 *Exit Prices*: 📤 Exit Price 1: `0.091253718` 📤 Exit Price 2: `0.10129528199999999` 📤 Exit Price 3: `0.11754899999999999` 📤 Exit Price 4: `0.133802718`
Long
by Tracking_Technicals
1
Bearish Flag on EUR/USD @ D1A bearish flag pattern has formed on the daily EUR/USD chart following a downtrend that lasts since the end of 2023. The pole and the flag's borders are shown with the yellow lines. The stop-loss level (the red line at 1.07953) is set to the highest point of the flag area. The take-profit level (the green line at 1.06210) is set to the pole's length subtracted from the stop-loss level. I will open this short position only if the currency pair closes significantly below the flag's lower border.
Short
by AndriyMoraru
2
Symmetrical Triangle on EUR/CHF @ H4The 4-hour chart of EUR/CHF is showing a a symmetrical triangle pattern. It can be used for a trend continuation breakout setup. My potential entry is marked with the cyan line, which is located at 10% of the triangle's base width below the lower border. My take-profit will be at the green line, which is located at 100% of the triangle's base width below the lower border. I will set my stop-loss to the triangle's upper angle (0.93490). I will ignore bullish breakouts from this trend-continuation formation.
Short
by AndriyMoraru
1