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Cupandhandlepattern

XAUUSD CUP DAN HANDLE PATTERNXAUUSD has formed a cup & handle Pattern on its daily chart. The price is trading above the breakout Breakout: 1808.170 Stop: 1788.499 Targets 62% 1930.601 79%: 1962.026 127% 2057.654 162%: 2124.224 TRADE CHARTS PATTERNS LIKE THE PROS 5 GOLDEN RULES 1: The Trade Setup The setup is the basic conditions that need to be present in order to even consider a trade. For example, if you're a chart patterns trader, then a pattern needs to be present. Your trading plan should define what a tradable chart pattern is (for your strategy). This will help you avoid trading when a chart pattern isn't there. Think of the "setup" at your reason for trading. 2: The Trade Trigger If your reason for trading is present, you still need a precise event that tells you now is the time to trade There are various methods using a trigger. A Price action B Moving averages C Fibonacci 3: The Stop Loss Having the right conditions for entry and knowing your trade trigger isn't enough to produce a good trade. The risk on that trade must also be managed with a stop-loss order. There are multiple ways to place a stop loss. For long trades, a stop loss is often placed just slightly below a recent swing low and for a short trade just slightly above a recent swing high. Step 4: The Price Target You now know that conditions are favourable for a trade, as well as where the entry point and stop loss will go. Next, consider the profit potential. A profit target is based on something measurable and not just randomly chosen. Chart patterns, for example, provide targets based on the size of the pattern. Trend channels show where the price has had a tendency to reverse; if buying near the bottom of the channel, set a price target near the top of the channel. 5: The Reward-to-Risk Strive to take trades only where the profit potential is greater than 1.5 times the risk. For example, losing $100 if the price reaches your stop loss means you should be making $150 or more if the target price is reached. I wish you all happy new year, also i wish this gold trade to be a successful one.
OANDA:XAUUSDLong
by TradeChartPatternsLikeThePros
6
CVXUSDT : Cup & Handle Pattern Can X4Hi Traders, Investors and Speculators of the Charts 📈📉 CVXUSDT is another altcoin with massive upside potential. Infact, after consolidating for such an extended period, a parabolic move to the upside is very possible. In the chart, I've pointed out 3 take profit zones based on candle wicks (supply zone and demand zone) , but you can always add more TP points depending on your trading strategy and your patience. The 0.618 Fibonacci Retracement is always a very likely target during any bull market, therefore that would be my ultimate target for this season. I'm not using any technical indicators today, as I am doing a longer term outlook on CVX. I believe there is an important balance between trend line analysis / chart analysis / chart patterns , and technical indicator analysis. I find that trend analysis ( trend lines , Fibonacci Retracement , patterns , support zone and resistance zone ) is really helpful for longer term, whilst technical indicators can be very useful for the shorter term. Here's my bullish outlook on Bitcoin 👀 _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck
Long
by CryptoCheck-
34
Riding the Winds of Change: An Analysis of Inox Wind Stock This publication provides an in-depth analysis of Inox Wind Limited, a leading Indian wind energy solutions provider. The report examines the company's financial performance, market positioning, growth strategies, and future prospects. Additionally, it explores the factors that are likely to impact the company's stock performance in the short and long term, such as regulatory changes, competitive landscape, and macroeconomic trends. The publication is intended for investors, financial analysts, and industry experts who are interested in gaining a comprehensive understanding of Inox Wind's stock performance and its potential as a long-term investment opportunity in the renewable energy sector.
NSE:INOXWINDLong
by PortionTrading
Stellar Lumens - Looks good technical and fundemental - 2023!!This is not financial advise to go all in big, DCA and use risk management otherwise if you like go big on this investment Stellar Lumens is more than an investment hold to 2025 and more, you can trade it if you like On the fundamentals side Stellar Lumens has so much going for it. Too many turning a blind eye on this because it moves slowly Would not be surprised if intuitional investors buy up big in big volumes for 2023 Some links to do with Stellar Lumens for own research www.coindesk.com (IBM partnership with Stellar Lumens to issue stablecoins through World Wire) stellar.org (USDC stable coin running on the Stellar Network) stellar.org (Moneygram partnership with Stellar for remittance payments) satoshipay.medium.com (SatoshiPay partnership with Stellar for micropayments) stellar.org (Representing Blockchain on the Commodity Futures Trading Commission’s Global Market Advisory Committee) Stellar Lumens Coffee Cup pattern on the Weekly chart - see the handle of the coffee cup? Once break it on the weekly, it has to close above $0.175 US and than it can do 10x - believe it reach $1.75 US, instead of the $0.82 US last high. Now it can bottom out 1 more time till about April 23 around $0.0676 US, the last bottom on the weekly was $0.07 US and believe it has bottom out. You can wait or DCA now. I believe it's still a very good buy now, trying to work out the perfect bottom forget it. On Weekly Stellar Lumens can still be bearish around June 23rd however for that case it going up slowly till it breakouts If you confident about Stellar Lumens I would like this article post to have more research links for other bullish scenarios for the Stellar Network Could SWIFT payments be replaced on the Stellar Lumens network as the alternative faster and reliable form of payment transfers? Could Nasdaq exchange allow digital payments for trading on the Stellar Lumens network?
BINANCE:XLMUSDLong
by SmallWindow
Bitcoin Handle Forming Quicker than Expected. Will This Play OutTraders, My anticipated Cup and Handle pattern looks, indeed, to be forming. The question remains on whether it will play out or not? If bulls are able to break that neckline at $24,200 then, over the next few weeks to months, I do expect them to continue to pull Bitcoin towards that target of 33-35k. Seems hard to believe I know but this is what the technicals on the chart are showing. Watch closely and trade accordingly. I will begin to start trading regularly again should we break that handle neckline. Best, Stew
INDEX:BTCUSDLong
by stewdamus
DAX - ☕DAX - ☕ One of my most favourite patterns! Cup & Handle pattern - Inverse! I've back tested this pattern many times and it never has failed me with the correct amount of risk etc. What states on your plan, that's the greatest importance. Highs: 15420 Lows: 15280 A break above the highs this trade plan is no longer valid. A break below the lows I expect the continuation of bearish price action to continue and breaks below the trendline then we may go towards 200 EMA area. Have a great week ahead, Trade Journal Key tip: Ignore the noise
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by Trade_Journal