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24-01-24 AUDUSD Long Entry Signal on 4H Chart 24-01-24 AUDUSD Long Entry on 4H Chart Entry Price: 0.65700 Stop Loss Price : 0.65300 / 40 Pips Take Profit: 0.66300 / 60 Pips Risk To Reward : 1 for 1.5 Trade Grade: b + CONS: - Momentum more bearish + upside down v-shape (price usually likes to continued in the 2nd leg) of the V) PROS: - The price levels have made a solid support zone - Could be lots of Buy Side Liquidity in the stop loss area - For every Buy order there needs to be a sell order A. this is critical for the trade due to the potential shift in the market to bullish B. The lows have a higher probability to hold due to large Central Banks, Hedge Funds , ETC wanting to hold the lows. So they can buy against the trend to fluid enough liquidity C. They might Induce market participates into selling in order to produce enough liquidity to cause a bullish leg of momentum to the upside. D. I accept the risk and I will place a pending order. Main Goal: -Increase Win Rate this Quarter. Currently at 44%- I have Placed a pending order. If anyone needs ideas with trade management please leave a comment.
Long
by Trader_Miles
XAU/USD 22 Jan 2024 Daily Analysis-> Swing: Bullish. -> Internal: Bearish -> Has reached EQ. Price pulled back following bearish iBOS and is reacting to 50% EQ of the internal structure marked in green and daily demand zone. Price is currently trading within internal high and fractal low. Expectation: Price to target weak internal low. Current demand zone to be respected. In the event price continues to trade bullish the likely scenario is for price to trade up to strong internal high before continuing bearish internal order flow.
OANDA:XAUUSD
by Khan_YIK
Major Support Found on BIGTIMEAfter seeing a perfect retest of support at the .24-25 value zone, that marked a top back in October 23, we had an 80% bounce. Keep your risk situated for crazy volatility. Continuing the run further would see at least a test of the .55-.56 value area, though this may be a week or 3 away after coiling up for another spring board breakout during rotation. I'll add more zones above the .55 major resistance area as we get closer, just in case we hit some major bull moves.
Long
by VaulTradeous
BTC Short-Term ChartHello everyone, let's take a look at the BTC to USDT chart, on a one-hour time frame. As you can see, the price is moving below the local downtrend line. When we unfold the Fib Retracement grid, we will see support at the level of $41,471, and then it is worth defining a strong support zone from $40,916 to $40,226. Looking the other way, there is resistance at $42,991, and then we have a very strong resistance zone from $43,755 to $44,718. It is worth paying attention to the RSI indicator, which shows a rebound, as well as room for the price to go lower.
by cryptodailyuk
1
Boeing Stairsteps for Swing TradingNYSE:BA has the most powerful and longest momentum run of all of the 30 Dow components. The company reports earnings on January 24th and the run up implies that the 4th quarter is likely to be better than previous quarters in 2023. This stock has moved strongly since the bottom in November and has been able to pattern out some of the speculation with stairsteps to keep the run moving upward beyond the resistance level of its range trend. Some of this movement upward is ETF developers building more ETF units for certain industries and corporations. Profit-taking is likely soon for this swing trade as it nears the long-term resistance at the 2021 highs. However, there is now support from the range of the August highs.
NYSE:BA
by MarthaStokesCMT-TechniTrader
BTC Daily Chart 27th November 2023Although there was a recent breakout above the horizontal 38K resistance line, COINBASE:BTCUSD was unable to maintain above this level. We can see on the daily and 4h chart that BTC has evolved into an ascending triangle. Bullish scenario : An ascending triangle is usually a continuation pattern so more upside is possible if BTC manages to perform a (real) breakout above 38K. In such a case the upper ascending channel trendline will be back in effect creating resistance around 39K and 40K (40K being a psychological resistance and stronger than 39K IMO). Bearish scenario : If BTC doesn't stay above 37K it will dorp towards the lowest channel trendline which sits at 36-36,5K at the moment. If BTC has a breakdown from the ascending triangle we can see a further drop towards 32K for a retest (yes, I still haven't given up on the retest :-). On a longer timeframe, as long as we stay above 32K, the bullrun stays valid.
COINBASE:BTCUSD
by Bullissimo