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Longsetup

CHFJPY 4H LONG setup CHFJPY has been consolidating for a long period of time and finally broke the resistance level recently, which possibly helped to form an upward Break of Structure(BOS) confirmation too, seen on 4H chart. Look at the Daily or Weekly chart, you can see that we are in clear uptrend, it is a good idea to follow the big trend. Now when the price pulls back to the 4H Order Block, we can BUY, this is a classic trend-following trade. Entry: 172.060 Stop Loss: 171.471 Take Profit: 180.117 Risk Reward Ratio: 13.8
Long
by ForextWaveTrading
September - Target to reach new ATH XAU/USD✍️ NOVA hello everyone, Let's comment on gold price next week from 9/2 - 9/6/2024 🔥 World situation: Gold prices dropped over 0.90% on Friday, falling below $2,500 for the second time this week after the US Department of Commerce reported that inflation continues to decline, as shown by July’s core Personal Consumption Expenditures (PCE) Price Index. Currently, XAU/USD is trading at $2,497, after reaching a high of $2,526 earlier. The US Bureau of Economic Analysis (BEA) revealed that the Fed’s preferred inflation measure, the core PCE, slightly missed expectations but matched June’s figures. This data supports the Fed's plans to begin easing monetary policy at the September meeting, though the size of the initial rate cut remains uncertain. 🔥 Identify: Gold price adjustment to the sideway zone below 2490 - 2500 is essential for a strong increase in the upcoming price. The Uptrend is still dominant in the long-term frames H1, H4, D1 🔥 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: $2531, $2542, 2590 Support : $2473, $2425 🔥 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
6
GBPJPY 1H Finally Going to Jump? Strategy Explanation GBPJPY has been consolidating for almost 2 weeks on 1H chart, plenty of traps have been set within this range, thus a lot of liquidity has been generated presumably. The question is: In the coming week, will GBPJPY finally break out the resistance level and activate all potential BUY limit orders to push the price up towards target zones further above (seen on the chart)? I think it is very likely that the current 1H purple demand zone is where the market will jump from, so a pretty simple BUY limit order can be set up around this zone(see the LONG Position widget): Entry: 191.638 Stop Loss: 191.030 Take Profit: 194.703 (potential 4H Supply Zone from 194.703 to 197.578) Risk Reward Ratio: 5.0 Cautions If the red "Caution level" at 190.900 is reached first, then the consolidation period of GBPJPY probably will be continuing and new market analysis will be made. I don't recommend risk too much on this trade since no upward confirmation signals has formed yet, but it is still a trade worth taking concerning the RRR is around 5. Higher quality BUY opportunities can be found after the 1H resistance level has been truly broken, if you don't feel safe on the current one. Remember: Trading is a game of probability and Risk Management is the key.
Long
by ForextWaveTrading
SWING IDEA - NETWORK 18 MEDIANetwork 18 Media , a prominent player in the media and entertainment industry, is showing signs of a promising swing trade opportunity based on several key technical indicators. Reasons are listed below : 75-80 Support Zone : The 75-80 level is a crucial support zone that has held multiple times, indicating strong buying interest at these levels. Bullish Engulfing Candle on Weekly Timeframe : The formation of a bullish engulfing candle on the weekly chart suggests a reversal of the previous downtrend and indicates strong buying pressure. 0.618 Fibonacci Support : The stock has retraced to the 0.618 Fibonacci support level and is now bouncing back, indicating a potential reversal and continuation of the uptrend. Breaking Consolidation Phase of 2+ Months : Network 18 Media is breaking out of a consolidation phase that lasted over two months, signaling the beginning of a new bullish trend. Decisive Break Above 50 EMA : The price has decisively broken above the 50-day exponential moving average, confirming the bullish sentiment and providing a strong support level. Target - 105 // 120 // 135 Stoploss - weekly close below 81 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:NETWORK18Long
by Visionary_Growth_Insights
SWING IDEA - BIRLASOFT Birlasoft , a leading IT solutions provider, presents a swing trading opportunity based on its current technical indicators. Reasons are listed below : 600 Zone as a Strong Support : The 600 level has been a significant support zone for Birlasoft, acting as a key level where buyers have stepped in to support the price. Hammer Candle on Weekly Timeframe : The formation of a hammer candle on the weekly chart is a bullish reversal pattern, indicating that selling pressure has been absorbed and buyers are taking control. 0.5 Fibonacci Support : The stock is holding at the 0.5 Fibonacci retracement level, which is often a strong support level, suggesting that the stock may be poised for a rebound. 100 EMA Support on Weekly Timeframe : The 100-week exponential moving average is providing additional support, reinforcing the bullish sentiment and indicating a potential for upward movement. Target - 680 // 733 // 845 Stoploss - weekly close below 549 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:BSOFTLong
by Visionary_Growth_Insights
SWING IDEA - L&T TECHNOLOGY SERVICESL&T Technology Services (LTTS) is showing technical signals that suggest a promising swing trading opportunity. Reasons are listed below : 4700 Resistance Zone Breakout and Retest : The 4700 level has been a significant resistance zone. The price broke above this level, retested it, and is now continuing its upward move, indicating strong bullish momentum. Bullish Engulfing Candle on Daily Timeframe : The formation of a bullish engulfing candle on the daily chart signifies strong buying pressure and suggests potential for further upward movement. 200 EMA Support on Daily Timeframe : The stock is finding support at the 200-day exponential moving average (EMA), reinforcing the overall bullish sentiment and providing a strong support level. 0.382 Fibonacci Support : The price is also supported by the 0.382 Fibonacci retracement level, further strengthening the case for an upward move. Target - 5420 // 5870 Stoploss - daily close below 4390 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:LTTSLong
by Visionary_Growth_Insights
Gold ideaAs we have seen gold has made a rally downards and meet us with great profits as we have entered on a confirmation on 2519 price on bearish side and got a profit on 2500 level of price the price can hover around this level of support and can eventually go higher to its price level of 2530 and higher than that if price breaks above 2530 and sustains price can go over 2550 of physiological Resistance level so we are watching price closely and keenly so that we can make profits
OANDA:XAUUSDLong
by Wakeel_Saab
EUR/USD Long Position: Breakout from Daily Open & 4H Deviation EUR/USD Long Position Strategy: Breakout from Daily Open & 4H Candle Deviation Trading Plan: 1. Identify Key Levels: - Daily Open (D OPEN): 1.10739 – This level serves as a critical point for potential breakout. - 4-Hour High (P4HH): 1.10833 – Represents the recent 4-hour high. - 4-Hour Low (P4HL): 1.10717 – Marks the recent 4-hour low, crucial for setting a stop-loss. 2. Breakout Confirmation: - Look for a strong bullish candle that closes above the D OPEN level at 1.10739 on the 1-hour chart. - For additional confirmation, observe if the 4-hour candle also closes above the daily open. This will indicate a stronger trend continuation. 3. Entry: - Enter a long position upon a confirmed close above the daily open level (1.10739) with increased volume and momentum. 4. Stop-Loss: - Set the stop-loss slightly below the recent swing low to minimize risk, ideally just below the "P4HL" at 1.10717. 5. Take-Profit Targets: First Target: 1.10833 (4-hour high level, "P4HH") – If price reaches this level, consider taking partial profits. - Extended Targets: If the bullish momentum continues, look for higher targets around 1.10900 and beyond. 6. Risk Management: - Risk-to-reward ratio should be favorable, ideally 1:3 or higher. Adjust stop-loss and targets as needed based on real-time price action. Technical Rationale The daily open level often acts as a significant pivot, where price action can either reverse or continue its trend. By combining this with the deviation of 4-hour candles, this strategy aims to capture early signals of bullish momentum and ride the breakout for potential gains. --- Always adhere to your trading plan and risk management rules. Good luck!
Long
by TAMIone