Chart Idea - FTMUSDT Swing LongFTMUSDT broke out from it's long bull flag. There are 3 confirmations which lead me to open this long trade.
Bounced
- from the 0.786 fib level
- from upward diagonal support
- from the diagonal support which was the resistance last year in Feb 2023
Entry: 0.76
TP: 1.95
SL: 0.618
It's a swing trade and could take weeks to play out. Will keep on updating on this thread.
Longposition
Potential move up for next week on UJSetting up a new high on Friday , the trend might stay bullish for next week. Marking up 3 different levels on the 1H with potential formation of a "double bottoms" before continuation.
I will be trading on the 5M but these levels might become significant areas of resistance/support therefore can change the trend and momentum.
Trust The Hustle
Views expressed are my own ;)
OHLC stat mapping + ADR = gemBeautiful long opportunity where +M and 1/3 ADR acted as support for the prize, targeting opposing 1/3! just checkout my profile for how many examples of this Price offere!
If I am long I use this as Support levels and targeting resistance which is opposing ADR or opposing Manipulation / Distribution
Bajaj Finance : make it or Break It !- The chart is pretty self-explanatory.
- If you look at the PE, It has come down substantially from about 100.
- The crucial resistance zone is an important obstacle. A break and sustenance above it could mean further upmove.
- Invest with caution as Investors are getting greedy post the bull run.
What are your thoughts? Leave us a comment.
Disclaimer: Please note that we are not regi stered advisors and the views expressed here are solely personal opinions. We strongly recommend consulting with your financial advisors before making any investment decisions. We like everybody else, have the right to be wrong.:)
Overview of important economic events in the past 2 weeks: XAU ⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
The past 2 weeks have witnessed a lot of important economic news such as: ISM Manufacturing PMI,
JOLTS Job Openings, ADP - NF, PMI, Unemployment Claims, CB Consumer Confidence, GDP, PCE,
Pending Home Sales m/m
As the overview chart shows: it can be seen that most of the economic data is not good for the dollar - DXY decreased - XAU increased and stabilized to recover.
The US economy near the US election is quite gloomy - not showing positive recovery + war conflicts in the world (Russia - Ukraine / Israel - Palestine) are still tense
⭐️ Personal opinion:
US macroeconomic factors are not supporting the economy - Gold is still a safe and effective investment channel at present.
⭐️ Technical analysis:
Long-term H1, H4 time frame, after Gold price broke 2350 thanks to positive impact from economic data. Gold price tends to increase greatly, returning above the 2400 area
Pay attention to resistance zones: $2400 , $2430 , $2450
⭐️ NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
Long AUDUSDCurrently bullish on AUDUSD, I have 2 TP points in mind. I'm seeking liquidity above 0.67300 and 0.68800. We've swept the buy stop liquidity levels below 0.64500 and now I'm expecting price to target sell stop liquidity levels. Currently 40 pips in profit with a total profit take of 256, SL set to breakeven, risk free trade. Let's see how this plays out over the coming weeks. Good luck Traders, if you see something similar or different feel free to share!