AUDUSD Symmetrical Triangle BreakoutWe expect further upside on this pair, signalled by the symmetrical triangle channel pattern breakout. We can also see the formation of a new high which signals a change in trend from bearish to bullish as well as a breakout of a key level which further supports our directional basis.
Breakouttrading
AUD/CAD ↗️ Long Trade Setup ↗️Hello Everyone 🙋🏽♂️
🔴 0.87555
🟢 0.90485
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manage your lot size as well and your SL and TP and my opinion is 0.01 lot for each 500 $.
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Disclaimer:
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It's not a financial advise, As everyone we take losses sometime but for long term trading we are profitable traders, so manage your account well with SL and TP and your lot size to keep your account safe and stay in the market .
GBPJPY(30) BREAK EVEN Hello, I greet you all in the name of Jesus Christ, currently GJ has been in a downtrend rally, it hit -61.80% and there was diveregence at the bottom where we saw a small bullish trend on lower time frame, though am still holding on setting buys, because the trend doesnt seem to be quite finished on the 1hr&4hr timeframe. if price rejects both trendline the 1st minor one and major one with a wick, then SELL towards the Red BOX TP1 AT 180.727.. TP2 180.637
If it successfully breaks through both trendlines with bullish momentum(BUYS), TP1 182.059, TP2 182.121 TP3 182.300
BONDUSDTBONDUSDT was trading in symmetrical triangle pattern. The price was reacting well the support and resistance of triangle.
Currently the price has given the breakout of triangle and now retesting the broken level where it is also forming a local support zone and seems like the price may go for another leg higher.
If the breakout sustain to upside the optimum target could be 5followed by 10
What you guys think of this idea?
NZDCADIs NZDCAD exhausting at highs?
As the price is been on high bull run but now it seems like price is lacking bullish momentum after printing double top pattern at resistance level and bearish divergence suggesting the sell pressure is about to start.
If the bears took control , the 1st target could be 0.8030 followed by 0.7950
What you guys think of it
AAVE ANALYSIS🔮 #AAVE Analysis - Breakout Trading💰💰
🌟 As we can see that #AAVE was trading in a falling wedge pattern and give a perfect breakout with good volume. It will retest the descending trendline first and after that we will see a bullish move in #AAVE📈📈
🔖 Current Price: $85.40
⏳️ Target Price: $200
⁉️ What to do?
- We have marked some crucial levels in the chart. We can trade according to the chart and make some profits in #AAVE. Keep your eyes on the chart, observe trading volume and stay accustom to market moves.🚀💸
🏷Remember, the crypto market is dynamic in nature and changes rapidly, so always use stop loss and take proper knowledge before investments.
#AAVE #Cryptocurrency #Breakout #DYOR
BKR: Energy stock has room to out-perform Oil related equities demonstrate impressive relative strength to the rest of the sectors, occupying 6 out of 10 best performing market groups.
HAL - is one of the best stocks in the energy sector, with impressive consecutive earnings and sales growth 4 qrts in a row and double digits growth in eps estimates.
Beside strong fundamentals, I always look for the price to establish reliable basing pattern with low risk entry point. Preferably I want this pattern to fit well into the larger elliott wave context, having upside potential within the price structure.
Within the structure from 2020 lows, I can see at least one more move to the upside into 40-45-47 area of larger resistance.
Trading plan: if price manages to break out above Friday's highs with volume rising above average, I will be planning to start building the position with 3-5% stop. Further follow-through above 36.2 and later 36.9 area would be a signal to add-on to position.
Other technical signs to consider:
- I was wowed by five (!) consecutive tight weekly closes. History of true market leaders (TML) through out each and every up-cycle teaches us that every TML had 2-3 weeks of tight closes during initial phases of price advance.
- Though afterward breaking out from 5 weeks tight base, price faced 5 weeks of decline below this base, with some signs of distribution. Probable that was due to general market sell-off, but price is still below key 10w. MA, meaning it is still vulnerable to the downside;
- I like the break-away gap in the beginning of October - sign of strength.
The short-term potential of the analysis is valid until price stays above Oct. lows.
Caution: Earnings are scheduled next week.
Important notice: Elliot waves and fibonacci retracements are a very subjective form of analysis and I don't personally trade out of them. I use them only for the purpose of gauging structural potential of any assets, that allows me to put more confidence when low-risk trading set-up emerges. Analysis and opinion doesn't pay, only price pays.
Canara Bank Again a Nice BreakoutCanara Bank touched a convergence of a support and a rising trendline, a reversal done, and a breakout above the short-term falling trendline, but today it failed to cross the previous high, and following the resistance, it cooled off a bit. But looking at the candles of the last Days, we may expect it to breakout and move higher. My Expectations for Targets 416 and 466 in the Coming Months
EURJPYEURJPY is trading in bullish parallel channel, and created Head and Shoulder pattern at strong resistance area. And a massive sell rally break the neckline of HnS pattern. any successful retest of broken level will be nice option to sell.
if the sell pressure continues, the next target could be the back to lows at 157 region.
What you guys think of this idea ?
XAUUSD LONG AND SHORT SETUPHi Guys,
I'm going to update my analysis on gold. Yesterday after touching our demand level at 1964 price rallied up more than 200 PIPS which was absolutely amazing. Now today I'm back with new setups.
Area 1979 - 1977 is an fresh area which has not been touched yet so price could react to it and give us a good trade. If price passes through that next area would be 1974-1971 which has been tested once yesterday and has already proven itself.
if rallying up continues resistance level 2001 is gonna be the first level to monitor and following that we have 2010 -2022 as a H4 time frame supply level.
So currently, best course of action is to wait and see how price responds to our intended areas of supply and demand. I also will keep you updated of my thoughts on this analysis.
Be honorable
Gold continues to be supported when price increasesHello dear friends!
And so, the trading session yesterday saw gold regain its proactive position in terms of price increase. The Bulls are still growing stronger and it is noticeable.
At the time of writing this article, gold is trading at $1984 and has risen by 0.23% during the day. So, what is the reason behind gold's comeback?
Regarding the global news affecting gold:
- The ongoing conflicts in the Middle East continue to create tension, and concerns about political instability will not disappear in the short term, which will continue to support gold.
- Additionally, the market is expecting the Fed to keep interest rates unchanged at the policy meeting next month. If the data shows a slowdown, the Fed will have more reason to not raise interest rates, which will greatly support gold and push prices back above $2000.
Regarding technical analysis:
- On almost all timeframes, the upward trend is strongly supported with prices fluctuating above the two EMA lines - 34 and 89 - and there are clear signs of a reversal from these two EMA lines.
However, the $2000 mark still remains a strong psychological resistance level. Karina believes that if gold reaches this level, a slight correction may occur. Nevertheless, Karina maintains a bullish view and highly values the upward trend.
NZDCADNZDCAD was trading under declining trendline and recently it seems like the sellers are bit exhausted then bulls took the charge and break through declining trendline.
Currently the price has given the breakout from falling trendline and now forming a local support around 0.5180 region.
Will the bulls take charge again continue for leg higher?
EURUSDEURUSD is trading in bullish parallel channel, and created Head and Shoulder pattern at strong resistance area. And a massive sell rally break the neckline of HnS pattern. any successful retest of broken level will be nice option to sell.
if the sell pressure continues, the next target could be the back to lows at 1.0490 region.
What you guys think of this idea ?
CADJPYCADJPY is trading in descending channel and printing consistent LLs LHs. Recently the price is broken the important support zone and now retesting the broken level, which is also the 50% Fib retracement level.
If the sell momentum continues the next target could be 108.50 followed by 107.50 region.
What you guys think of this idea
CHFJPYIs CHFJPY exhausting at highs?
As the price is been on high bull run but now it seems like price is lacking bullish momentum after printing double top pattern at resistance level and bearish divergence suggesting the sell pressure is about to start.
If the bears took control , the 1st target could be 165.10 followed by 164.
What you guys think of it?
DUSK MANIPULATION TRIANGLE PATTERN 🏴DUSK Network (DUSK) has something remarkable unfolding on its weekly chart. It has artfully painted a substantial bullish pennant pattern, complete with a fakeout move to the downside. Now, it's poised for a genuine upward surge. The key to entering this market? Patience and a confirmation through a flag retest. 📊🏴
The Bullish Pennant Emerges:
DUSK has illustrated a spectacular bullish pennant pattern on its weekly chart. This pattern consists of a strong upward move (the flagpole) followed by a consolidation phase marked by lower highs and higher lows (the flag). It's a classic indicator of impending bullish momentum. 📈🚩
The Fakeout Element:
What makes this scenario even more intriguing is the fakeout move to the downside. It's a tactical maneuver to shake off traders prematurely entering short positions. But for the astute trader, this can be seen as an opportunity. 🃏
Entering the Market:
For those eyeing a position in DUSK:
Wait for the Flag Retest: The prime entry point is after DUSK retests the lower border of the flag. This can act as a confirmation of the bullish intent.
Risk Management: Implement solid risk management strategies, including stop-loss orders, to protect your investment.
Stay Informed: Keep an eye on DUSK's fundamentals and any news that could impact its price action.
Conclusion:
The cryptocurrency market is a realm of intricacies, where patterns like the bullish pennant can offer insights into potential price movements. However, it's important to approach it with both caution and knowledge.
The fakeout move might have left some traders bewildered, but it also creates opportunities. The key is to be patient, wait for confirmations, and be prepared for the genuine upward movement.
As always, adapt your strategy to the ever-evolving market conditions, stay informed, and trade wisely.
❗️Get my 3 crypto trading indicators for FREE! Link below🔑
Bitcoin double bottom pattern bullish price pushed up with good volumes and bulls are very strong bears lost ground at 31k..
with all the positive news coming its going to jump till 40k at least if bullishness continues.
i recommend to open long positions in a systematic manner so that u can catch any small falls..
BTCUSD: Exploding transactionsDear beloved readers,
Currently, BTCUSD is trading at $34,567 and it is becoming more explosive than ever before.
As we can see, the interest in Bitcoin ETF has increased on the late of October 23rd, with "positive signs" indicating that BlackRock's ETF has moved closer to approval. Additionally, the US Appeals Court has issued an order requiring the Securities and Exchange Commission to review Grayscale's Bitcoin ETF application.
These actions have ignited a Bitcoin price surge, causing it to increase by 14% in the past 24 hours and reaching $34,000 for the first time since May 2022.
On the analysis chart:
The upward trend is rapidly developing, with indications of a potential reversal from the 34 EMA opening up a larger upward trend. With a breakout from the current upward trend, Karin continues to set new long-term targets at $45,100 and $51,000.
GBP/USD moves on an upward trajectory near 1.2270Hello traders!
GBP/USD continues its upward trend, starting from Thursday of last week, trading above the 1.2270 level in today's Asian trading session. This currency pair is receiving support from the correction of the US dollar (USD), along with improved risk sentiment.
On the chart: The sideways trend has been broken with a breakthrough at the current support level of 1.22, which will lead GBP/USD towards the resistance at 1.2322. If the price continues to hold steady above that level, the next target will be 1.2400.
BTCUSD increases steadily in the price increase channel!Hello traders!
Today we are witnessing the continuous price increase of BTCUSD. Currently, the upward trend is still performing well with the possibility of a minor correction within the support range of $29,876, which is also the operating zone of the 4-hour chart's EMA.
Nolan maintains a bullish view as BTCUSD continues to hold above $30,000.