atom long longterm"🌟 Welcome to Golden Candle! 🌟
We're a team of 📈 passionate traders 📉 who love sharing our 🔍 technical analysis insights 🔎 with the TradingView community. 🌎
Our goal is to provide 💡 valuable perspectives 💡 on market trends and patterns, but 🚫 please note that our analyses are not intended as buy or sell recommendations. 🚫
Instead, they reflect our own 💭 personal attitudes and thoughts. 💭
Follow along and 📚 learn 📚 from our analyses! 📊💡"
LONG
CHF/SEK: Long Opportunity on Multiple Timeframes
I decided to open a long position on CHF/SEK based on two key technical signals that occurred on multiple timeframes.
1. Breakout of Resistance on Hourly Timeframe
On the 1-hour chart, the price broke a significant resistance, signaling a possible continuation of the uptrend. This breakout was confirmed by an increase in volume and the formation of a clear bullish candlestick above the previous resistance. The breakout of these key price levels suggests strong buying pressure.
2. Upside from Oversold Level on 4-Hourly Timeframe
On the 4-hour timeframe, the stochastic oscillator shows that the price has recently broken out of the oversold zone, confirming a possible reversal to the upside. Furthermore, the price is breaking above the long-term moving averages, such as the 50 and 200 periods, further reinforcing the idea that we are in a moment of strength for the CHF versus the SEK.
Trading Strategy
Entry: After the breakout on the 1-hour chart, I set my entry above the confirmed resistance.
Stop Loss: I placed a stop loss below the most recent low to limit the risks in case of retracements.
Target: The target was calculated considering a risk/reward ratio of 3:1, in line with the favorable technical backdrop.
Fundamental Motivation
In addition to the technical signals, there is a possible fundamental support given by the relative strength of the Swiss franc in the context of economic uncertainty. This makes the CHF a safe haven and potentially appreciable in the coming days.
Conclusion
This setup represents a great long trading opportunity on CHF/SEK, supported by consistent technical signals on multiple timeframes. I continue to monitor the price behavior for any adjustments to the position.
GBPAUD: Long Trade Explained
GBPAUD
- Classic bullish setup
- Our team expects bullish continuation
SUGGESTED TRADE:
Swing Trade
Long GBPAUD
Entry Point - 1.9743
Stop Loss - 1.9644
Take Profit - 1.9955
Our Risk - 1%
Start protection of your profits from lower levels
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GOLD Trading Opportunity! BUY!
My dear friends,
My technical analysis for GOLD is below:
The market is trading on 2669.3 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 2680.6
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
GBPCHF: Long Trade with Entry/SL/TP
GBPCHF
- Classic bullish setup
- Our team expects bullish continuation
SUGGESTED TRADE:
Swing Trade
Long GBPCHF
Entry Point - 1.1150
Stop Loss - 1.1101
Take Profit - 1.1250
Our Risk - 1%
Start protection of your profits from lower levels
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GOLD Will Move Higher! Long!
Please, check our technical outlook for GOLD.
Time Frame: 4h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 2,681.093.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 2,705.266 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
Like and subscribe and comment my ideas if you enjoy them!
USDCAD Will Go Up From Support! Long!
Take a look at our analysis for USDCAD.
Time Frame: 4h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 1.438.
The above observations make me that the market will inevitably achieve 1.444 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
Like and subscribe and comment my ideas if you enjoy them!
NZD/JPY LONG FROM SUPPORT
Hello, Friends!
We are going long on the NZD/JPY with the target of 88.170 level, because the pair is oversold and will soon hit the support line below. We deduced the oversold condition from the price being near to the lower BB band.However, we should use low risk here because the 1W TF is red and gives us a counter-signal.
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YELP projection long and good momoPrice is in a clear up-trend with wide pullbacks.
Since July price was holding at the TB and L-MLH.
The weekly momentum looks good to me.
Although, a little concern could be the rejection at the 1/4 line. But this happened also in the past, and then, after a new attack, price took off.
So, this definitely needs patience to play out.
I maybe start with a little "feeler" position today.
Above the 1/4 I would add more. Above the CL even more.
APPLE Set To Grow! BUY!
My dear followers,
I analysed this chart on APPLE and concluded the following:
The market is trading on 236.93 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 244.38
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK
QQQ: Will Start Growing! Here is Why:
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current QQQ chart which, if analyzed properly, clearly points in the upward direction.
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DXY Is Going Up! Long!
Please, check our technical outlook for DXY.
Time Frame: 12h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 109.638.
Taking into consideration the structure & trend analysis, I believe that the market will reach 111.019 level soon.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
Like and subscribe and comment my ideas if you enjoy them!
bch sell midterm buy limit"🌟 Welcome to Golden Candle! 🌟
We're a team of 📈 passionate traders 📉 who love sharing our 🔍 technical analysis insights 🔎 with the TradingView community. 🌎
Our goal is to provide 💡 valuable perspectives 💡 on market trends and patterns, but 🚫 please note that our analyses are not intended as buy or sell recommendations. 🚫
Instead, they reflect our own 💭 personal attitudes and thoughts. 💭
Follow along and 📚 learn 📚 from our analyses! 📊💡"
GBPCHF The Target Is UP! BUY!
My dear friends,
GBPCHF looks like it will make a good move, and here are the details:
The market is trading on 1.1176 pivot level.
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 1.1204
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
EURUSD: Market Sentiment & Price Action
The charts are full of distraction, disturbance and are a graveyard of fear and greed which shall not cloud our judgement on the current state of affairs in the EURUSD pair price action which suggests a high likelihood of a coming move up.
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