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SWING IDEA - HUDCOHUDCO is showing potential for a swing trade based on technical signals. Reasons are listed below : 230 Zone as Strong Support : The 230 level has been a crucial support zone, providing a solid base for potential upward movement. Bullish Engulfing Candle on Daily Timeframe : A strong bullish engulfing candle indicates growing buying pressure. 0.618 Fibonacci Support : The price is bouncing off the 0.618 Fibonacci retracement level, suggesting a potential reversal. 200 EMA Support on Daily Timeframe : The stock is finding support at the 200-day EMA, reinforcing the bullish outlook. Target - 280 // 310 // 345 Stoploss - daily close below 225 DISCLAIMER - Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services. @visionary.growth.insights
NSE:HUDCOLong
by Visionary_Growth_Insights
11
XAU continues sideways - accumulate waiting for new ATH 2705 ✍️ NOVA hello everyone, Let's comment on gold price next week from 10/07 - 10/11/2024 🔥 World situation: Gold prices pulled back after a stronger-than-expected US jobs report suggested that the labor market remains robust, indicating the Federal Reserve (Fed) may ease policy in smaller 25-basis-point increments. Currently, XAU/USD is trading at $2,643, down 0.40%. The US Bureau of Labor Statistics (BLS) reported strong job growth for September, easing concerns about the labor market. This reduced pressure on the Fed, which had previously cut interest rates by 0.50% in September amid concerns about reaching its maximum employment goal. 🔥 Identify: Gold price is sideways - accumulating in a large range of 2625 - 2681. The uptrend on the H4 frame is still stable and waiting for new momentum to reach the next new ATH. In the context of escalating Middle East tensions - gold price continues to increase strongly this year. 🔥 Technically: Based on the resistance and support areas of the gold price according to the H4 frame, NOVA identifies the important key areas as follows: Resistance: $2671, $2685, $2705 Support : $2626, 2588 🔥 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
OANDA:XAUUSDLong
by Nova-Scalper
1
SOL Price Action and Potential Cup & Handle SetupIt’s becoming increasingly clear that SOL, much like BTC, is forming a cup and handle pattern. Once the trendline is decisively broken, this pattern should lead to higher highs, with the target being roughly the same distance as the height of the cup from bottom to top. If a breakout occurs, SOL’s target could be significantly impressive. However, unlike BTC, SOL (and similarly XRP) often doesn’t follow the typical market movements and can act independently. While I’m not a huge fan of SOL due to its more isolated nature and weaker focus on macro trends, this is an undeniably strong technical setup. If SOL does break through the trendline, I expect it to initially pierce above, only to retest and sit on that line. If the upward trend continues from there, the cup and handle will be fully in play.
CRYPTO:SOLUSDLong
by cryptechcapital
Waiting For Confirmation in LTF, To Start Buying1. In HTF(4H) we can clearly see that we are bullish in short term, and the last valid low of 4H is 1.3248 which has been respected, meaning we still remain bullish. 2. As price right now has hit a demand zone in HTF, we proceed to go to LTF to observe for any ChoCh to the upside, as you can see in the chart am looking forward to seeing that pattern in lower time frame so that i can proceed to buy, with objective to break last high.
by RentCash
2
Xiaomi (1810): Major Gains, Next Targets and Updated StrategyThe Hang Seng Index and its constituent stocks have been surging higher, with Xiaomi leading the charge 🚀. The setup we had on Xiaomi was quite similar to the one for Alibaba, featuring a tight stop-loss and a high risk-to-reward ratio, which, just like NYSE:BABA , worked out perfectly. Although we aimed to catch the end of wave (ii), we missed the entry by just a few HKD. Despite this, the position is now up an impressive 85% since we initially sent out the entry back in March. We have taken our first round of profits as we haven't locked in any gains yet, and we have moved our stop-loss to the break-even point. However, we are confident that Xiaomi will not revisit this level for a long time. We took profits upon reaching a key wave 3 extension level. While we expect further gains on the lower time frame, we must also respect what the higher time frame indicates. Whether it's longing wave (iv) or wave 4, the choice depends on whether we are right about the higher or also the lower time frame. On the higher time frame, we anticipate a maximum rise to 30 HKD before we see a significant correction. We believe there is still substantial upside potential for Xiaomi – it's only a matter of time. We'll keep monitoring both scenarios closely and act accordingly 📈.
HKEX:1810Long
by freeguy_by_wmc
BREAK - NF create new ATH 2700 ?⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The US Department of Labor reported a slight rise in unemployment claims to 225K for the week ending September 28, up from 218K. This follows stronger-than-expected private-sector job growth in September and an unexpected increase in job openings in August, signaling a resilient labor market. Additionally, the ISM Non-Manufacturing PMI rose to 54.9 in September, its highest since February 2023, indicating solid economic performance in the third quarter. ⭐️ Personal comments NOVA: Gold price begins to break the downtrend in H1 frame - expect NF to push gold price to continue increasing today ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2625 - $2623 SL $2618 TP1: $2632 TP2: $2640 TP3: $2650 🔥SELL GOLD zone: $2698 - $2700 SL $2705 TP1: $2690 TP2: $2680 TP3: $2670 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order. ⭐️ 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
OANDA:XAUUSDLong
by Nova-Scalper
3
LCX pumpCOINBASE:LCXUSD The beginning of the breakout here, illustrated beautifully on the 4h chart by the Stoch RSI and MACD indicators. I would like to say this is a trend that will continue for the next few days consider how undersold this OG crypto is! Just FYI: this coin is one of the few that withstood the test of time and is still around 1k% up from it's inception price. I wish I would have taken the risk early to reap the rewards, but it's not too late! There's still so much potential in this one. RPL looks pretty great too from this view, but I don't know much about that one! COINBASE:LCXUSD
COINBASE:LCXUSDLong
by cruzinqa
2
GBP/USD: Bullish Continuation or Reversal?Today, GBP/USD continues its upward trend and is trading around 1.312 by the end of the session. Overall, the pair is approaching a key support level, and the EMA 34 and EMA 89 lines have not yet reversed, indicating that bullish momentum may still be in play. The recent price pullback seems more like a test rather than a confirmed reversal. However, we must not rule out the possibility of breaking support, especially if the Head and Shoulders pattern completes as projected. The 1.3261 resistance level is currently being actively defended by sellers. Should a break occur, GBP/USD will present a profitable opportunity for short sellers, with the price potentially heading towards the lower boundary of the ascending channel once again. This is a critical moment to closely monitor the market. Whether it's a continuation of the uptrend or a support break, make sure you're ready for both scenarios. Good luck with your trading!
Short
by Bentradegold
USDJPY: Back to Uptrend?Hello everyone, Currently, USDJPY continues its strong upward momentum, trading steadily around the high level of 146.70, up 0.19% on the day. From a technical analysis perspective, USDJPY is forming an Elliott Wave 5 pattern, with the first three waves already completed (currently in wave 4). Ben expects the support level around 145.77, aligning with the 0.618 Fibonacci retracement of the previous upward move, to hold, with the next target being the psychological level of 149.22. What about you? Where do you think USDJPY will gain strength next? Share your thoughts!
Long
by Bentradegold
1
XAUUSD: Positive Technical OutlookHello everyone! Currently, gold is hovering around the $2,658 mark in early trading, showing a slight recovery after its price correction from $2,640 late yesterday. On the technical chart, gold continues to maintain a strong uptrend within a parallel wedge pattern, with the convergence of the 34 and 89 EMAs signaling further upward potential. A solid support level is also clearly established, reinforcing this recovery trend. Given these factors, we can confidently expect gold to break out of its current sideways phase, likely surpassing the upper boundary of the wedge and pushing higher in the near future. Therefore, the preferred strategy right now is to *buy* – seize this opportunity, my friends!
OANDA:XAUUSDLong
by Bentradegold