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GBPDKK Sideways Trading Strategy! 📈 GBPDKK Sideways Trading Strategy! 📉 Hello traders! 📊 Today, I'd like to present a compelling trading opportunity in the GBPDKK currency pair. The 1-hour chart indicates a sideways market, with no clear bearish or bullish trend. To make the most of this situation, I have devised two trade plans using buy stop and sell stop orders, targeting potential support and resistance levels. 📉 Trade Plan 1 - Sell Stop 📉 🎯 Entry: Below S2 at 8.6742 🛡️ Stop Loss: Above S1 at 8.6852 🎯 Take Profit: 1:1 at 8.6632 In this plan, we are looking to capitalize on potential downside movement from the current sideways range. The entry point below S2 suggests a bearish continuation, while the stop loss above S1 provides a safety net in case of a reversal. The take profit is set at 1:1, aiming for a reasonable target within the range. 📈 Trade Plan 2 - Buy Stop 📈 🎯 Entry: Above R2 at 8.7212 🛡️ Stop Loss: Below R1 at 8.7161 🎯 Take Profit: 1:1 at 8.7263 In this plan, we are seeking to profit from potential upward movement. The entry above R2 implies a bullish breakout, while the stop loss below R1 mitigates risk if the price retraces. The take profit is set at 1:1, providing a balanced reward-to-risk ratio. It's important to note that trading in a sideways market carries inherent risks, and caution should be exercised. As always, I advise using appropriate risk management techniques and not risking more than you can afford to lose. Good luck! 🍀 Happy trading! 📈💹 #GBPDKK #Forex #TradingStrategy #TechnicalAnalysis #SidewaysMarket
by T-Q
Technical Analysis: #EURNOK Sideways Trading Strategy!📈 Technical Analysis: #EURNOK Sideways Trading Strategy! 📉 Hey traders! 🌟 Today, I present to you a fascinating opportunity in the EUR/NOK forex currency pair. The 1-hour chart suggests that the pair is currently moving sideways, lacking a clear bullish or bearish trend. But fear not, as we can capitalize on this situation by employing two smart trade plans with buy and sell stop orders, targeting key support and resistance levels. Let's dive into the details: Trade Plan 1: #SellStop 🛒 🎯 Entry (Below S2): 11.10542 🛑 SL (Above S1): 11.0691 🎯 TP (1:1): 11.0691 Trade Plan 2: #BuyStop 🛒 🎯 Entry (At R2): 11.24950 🛑 SL (Below R1): 11.20195 🎯 TP (1:1): 11.2970 The logic behind these trades is simple. For Trade Plan 1, we expect the pair to break below the S2 support level, triggering a potential bearish movement. The Stop Loss (SL) is set above S1 to manage risk, and the Take Profit (TP) level is placed at the same distance as the SL, aiming for a 1:1 risk-reward ratio. On the other hand, for Trade Plan 2, we anticipate a bullish move if the pair breaches the R2 resistance level. The SL is placed below R1 to protect our investment, and the TP is set at the same distance as the SL, ensuring a 1:1 risk-reward ratio. ⚠️ Investment Advice: Remember, trading involves risk, and it's crucial to manage your positions carefully. Always use appropriate risk management techniques, such as position sizing and setting stop-loss levels, to safeguard your capital. Consider using these trade plans as a part of a diversified trading strategy and avoid risking more than you can afford to lose. Trade with discipline and patience, and never let emotions dictate your decisions. Stay updated with the market developments and adjust your trades accordingly. Good luck on your trading journey! 🍀💹 (Note: This analysis is for educational purposes only and not financial advice. Make sure to do your own research before making any investment decisions.) #Forex #TradingOpportunity #SidewaysMarket #TechnicalAnalysis #RiskManagement #TradingStrategies
by T-Q
2
GBPUSD LONG AHEAD OF FOMCRecently, the GBPUSD has been obviously bullish, marked by higher highs and higher lows in the daily time frame. The last few days has given us a descent pullback to the confluence of June 5 trendline and the market structure (previous high). GBPUSD found support at this confluence point bouncing off to print a bullish engulfing candlestick on daily time frame. A pullback to the top of the falling channel (1.2850-1.2840) on 4hr time frame will offer bulls a long opportunity with a very good risk reward ratio.
Long
by MTAcademy
SENS: Short-term Bear and Medium/Long-term BullSometime this week we may see the share price of AMEX:SENS drop to $0.78. Anything lower could indicate a drop out of the trend, but if it holds, a large profit could be made moving into August. Using a combination of the following 3 scripts: 1. Advanced Price Direction Algorithm 2. DeQuex Algo 3. Moving Average Convergence Divergence If all 3 give off a green/blue/green pattern, with the MACD barely starting to show a positive evaluation when it occurs, there is a high probability that the trend will continue upwards.
AMEX:SENS
by aschnell001
XAU/USD Prediction on 20.07.2023Acquiring gold as a long-term investment strategy has been a favored tactic among many investors throughout history. This precious metal is not just a symbol of wealth but also a time-tested store of value that has stood resilient even during economically turbulent times. If you're contemplating buying gold for a long duration, here's why it can be a prudent decision. Inflation-Proof Asset Gold has long been seen as an effective hedge against inflation. When fiat currencies lose their purchasing power due to rising general prices, gold typically appreciates. This feature makes it an appealing investment for those looking for long-term financial security. Portfolio Diversification Gold can add diversity to your investment portfolio, helping to mitigate risks associated with traditional equity and bond investments. Because gold often moves inversely to stock markets, it provides a cushion when markets fall. Global Market Demand Gold has a universal appeal and is in demand across the globe. Whether for jewelry, industrial uses, or by central banks and investors, the demand for gold remains steady, which can contribute to its price appreciation over time. Long-Term Performance Historically, gold has demonstrated a strong performance over the long term. Although it can fluctuate in the short term, over longer periods, gold's value has generally maintained an upward trend. Crisis Commodity Gold often performs well during periods of financial crisis and economic uncertainty, which can make it a smart long-term investment. In such times, investors typically flock to gold as a 'safe-haven' asset. In conclusion, buying gold for an extended period can be a strategic move, offering protection against inflation, diversifying your investment portfolio, and serving as a safe haven during economic downturns. Always remember, however, that every investment comes with risks, and it's essential to do your research and consider your financial goals and risk tolerance before investing.
OANDA:XAUUSDLong
by mazayafx
Head and shoulders pattern Elgi equipment company one of the leader in compressor Product Offerings The Co. manufactures a wide range of oil-lubricated and oil-free air compressors including Screw Compressors, Piston Compressors, Rotary Screw Compressors, Reciprocating Compressors and Centrifugal Compressors. It also offers diesel-powered Portable Screw Compressors, Railway Air Compressors, Heat Recovery Systems, Medical Air Compressors, Dryers, Air Receiver Tank and other Air Accessories.
NSE:ELGIEQUIPLong
by investigationofchart
Stonks go BrrrrrrrrMichael Burry's given up but that's not why I'm going long here. RSI is above 60 for the first time since February. Contrary to what most people think, RSI is most useful as a momentum indicator and not something to identify trend reversals with. Going into the results season, we're approaching resistances again, but these are the levels I'd consider my targets for now. Of course this is a risky trade, so we'll keep SLs tight at around (or slightly below) ~4000. Target 1 - 4180 Target 2 - 4320 Note: Using SPX just because it's a personal preference. The Dow and Nasdaq looking good too!
SP:SPXLong
by kartk7
ACCO Potential up until $6.39🐂 Trade Idea: Long - ACCO 🔥 Account Risk: 1.00% 📈 Recommended Product: Knockout / Option 🔍 Entry: +/- 5.57 🐿 DCA: No / Yes, up to or down to xxx.xx 😫 Stop-Loss: 4.75 🎯 Take-Profit #1: 6.39 (50%) 🎯 Trail Rest: Yes 🚨🚨🚨 Important: Don’t forget to always wait for strong confirmation once possible entry zone is reached. Trade ideas don’t work all the time no matter how good they look. Do not get a victim of FOMO, there is always another trade idea waiting. 🚨🚨🚨 If you like what you see don’t forget to leave a comment 💬 or smash that like ❤️ button! — Double bottom on the weekly at 4.27 with an ascending triangle formation. At 6.50 we can see the current neck line. First profit target should be slightly below at 6.39. Rest can trail and if we can jump above the 6.50 we could see some substantial upward potential. — Disclaimer & Disclosures pursuant to §34b WpHG The trades shown here related to stocks, cryptos, commodities, ETFs and funds are always subject to risks. All texts as well as the notes and information do not constitute investment advice or recommendations. They have been taken from publicly available sources to the best of our knowledge and belief. All information provided (all thoughts, forecasts, comments, hints, advice, stop loss, take profit, etc.) are for educational and private entertainment purposes only. Nevertheless, no liability can be assumed for the correctness in each individual case. Should visitors to this site adopt the content provided as their own or follow any advice given, they act on their own responsibility.
NYSE:ACCOLong
by LGNDRY-Capital
CASTROLIND-DAILY/WEEKLY/MONTHLY-BREAKOUTNSE:CASTROLIND Stock is consolidating in a channel from past 8 years. From last year it’s started to making higher low in weekly/Monthly Chart. Monthly : As per monthly analysis stock has shown a bullish engulfing at bottom levels. Weekly: • June 2nd week we can see a big green candle engulfing past multiple weeks. • June 3rd week there is rejection candle (Inverted Hammer). Things get interesting over here. The rejection candle didn’t get follow through. • If we look carefully whole week the stock was trading between the range. July first week we can see a boom! Daily: We can see buying from 122-123 levels from last few days and on Friday (7th July) We can see a big green candle with good volume. It’s good time to go long for 155-160 targets. SL: 117 I have already taken this trade. This is only for educational purpose, please manage your risk accordingly.
NSE:CASTROLINDLong
by Rushikesh_09
VLO Reversal Pattern - Pump to $127🐂 Trade Idea: Long - VLO 🔥 Account Risk: 1.00% 📈 Recommended Product: Knockout / Option 🔍 Entry: +/- 116.75 🐿 DCA: No 😫 Stop-Loss: 107.99 🎯 Take-Profit #1: 127.09 (75%) 🎯 Trail Rest: Yes 🚨🚨🚨 Important: Don’t forget to always wait for strong confirmation once possible entry zone is reached. Trade ideas don’t work all the time no matter how good they look. Do not get a victim of FOMO, there is always another trade idea waiting. 🚨🚨🚨 If you like what you see don’t forget to leave a comment 💬 or smash that like ❤️ button! — What we see here is a typical reversal pattern. We gain the 114 level downward but fail to hold it and gain the 114 level again in an upward movement which is also the former lower low. If you’re more of a break out trader you can trade this setup directly long with a target at 127 and a stop-loss at 108. We’ve held this level for six days so far. If you want to make sure the trade is safer wait for a re-test around 116-114 and trade the long after a strong rejection. If you prefer the re-test make sure to put your stop-loss to 111-112 because you don’t want to see more downward pressure from that point on. — Disclaimer & Disclosures pursuant to §34b WpHG The trades shown here related to stocks, cryptos, commodities, ETFs and funds are always subject to risks. All texts as well as the notes and information do not constitute investment advice or recommendations. They have been taken from publicly available sources to the best of our knowledge and belief. All information provided (all thoughts, forecasts, comments, hints, advice, stop loss, take profit, etc.) are for educational and private entertainment purposes only. Nevertheless, no liability can be assumed for the correctness in each individual case. Should visitors to this site adopt the content provided as their own or follow any advice given, they act on their own responsibility.
NYSE:VLOLong
by LGNDRY-Capital
1
Bond Yield Inversion vs. SPXThis is nothing new, really. People who have been in markets long enough know that when short term bond yields (3 month and 2 year, for example) come up to meet and invert to a higher yield than longer term bonds (like the 10 year, 30 year etc) that it often precedes a large market sell off as well as a recession that affects most everyone, not just stock prices. On this graph, I maybe got a little carried away. I have the 1 month, 3 month, 1 year, 2 year, 10 year and 30 year as well as the actual Fed Funds rate with SPX in the background. This goes back to the mid 1990s, you can see the dotcom boom, you see the yields invert, SPX tops and then takes near 3 years to finally find bottom before reversing course. Unfortunately for long only stock holders, the treasury yields started to climb with stocks as well until they inverted in 2007 once more. Stocks started to come down, and, well, then 2008 happened... You can see that in general, the fed funds and the shorter term yields find a plateau at their top, tend to stay there for awhile (sometimes for a whole year), then as they start to come back down, the stock market tends to be near its highs, and then the stock market starts to come down. Big money tends to see higher treasury yields as a safer haven for their money than stocks at this point. If you have the ability to hold the treasury to expiration, you're guaranteed to get 100% of the money back plus whatever the yield % was at time of purchase as interest paid to you by the government. Furthermore, there is an inverse relationship between bond yield percentage going up, and the value of bonds on the open market. As yields go up, the value of bonds goes down. Vice versa, as yields start to retract, bond values go up. So, there is high incentive to start buying a lot of bonds as the rates plateau near the top. Maybe some of these large hedges start to sell some equities as a hedge and buy more bonds as we get to that point. Rebalance their portfolio to be more bond-heavy. Higher short term yields, higher fed funds rate also generally mean that the cost to borrow money for anyone is higher. Higher interest rates means more money out of the pocket of anyone borrowing to pay interest. Bonds themselves are just government debt. The stock market is generally forward looking, so it's often making moves in response to moves in the bond market before main street really starts to feel the effects of the tightening in a meaningful sense. As time has gone on, it seems the market is reacting earlier and earlier to rate hike cycles. Take 2018 for example, the yields didn't really invert until they all were already on their way back down. 2018 had volmeggedon to deal with to start the year, then came back, set a new high, then had a very rough second half of the year as bond yields plateaued. But, as the market saw that this small rate hike cycle didn't do any meaningful harm to the economy and started retracting, stocks took off again: Then COVID happened, yields plummet, cost to borrow was as cheap as it ever has been, the government pumped money everywhere to try and prevent a complete collapse of everything, stocks were off to the races harder than ever before after finding bottom just a few weeks into the pandemic. But, mentioning the market kind-of getting ahead of itself again, we had all of 2022, as it became apparent that inflation was now raging and bigger rate hikes than we've seen since the Great Financial Crisis would be necessary, the stock market sold off despite the economy still showing very solid recovery out of the pandemic. But now, treasury yields are still climbing, but so are stocks. Treasuries hit a little hiccup in March as a couple regional banks were found to be overlevered in treasuries that had too low of a yield, and as more people began withdrawing money and those banks needed liquidity, they had to sell those treasuries at a loss. If they didn't have to come up with that liquidity and were able to allow those treasuries to mature, they make that small percent of interest for holding them. But because they were forced to sell them as treasury values were at a low because they had inadequate liquidity to cover deposits being withdrawn. But, now maybe surprisingly, despite some of the troubles and the market sell off for most of 2022, we're now not all that far off of CBOE:SPX 's highs from the end of 2021, start of 2022. But, we still don't know what the full effect of the current high interest rates are going to be. It's possible the old mechanism where when we finally reach the top for interest rates, right as we get the precipice of rates starting to fall, equities top out and start to sell off shortly thereafter again. For how big and how long? Who knows. Despite the recent 'skip' from the federal reserve, opting to not hike at the June meeting, the 3 month yield, which typically is what most closely matches/leads what the fed is going to hike to, has in recent days made it look increasingly likely that we see at least a quarter point hike for July. The market probably won't like that news, maybe we get a few red days, but if economy data coming in still looks solid and inflation is showing a slow, steady reduction, it may not be long before the market decides to go back up again. We might even go past the 2021/early 2022 highs this year. But, eventually, we'll find the top for yields, and I have a feeling a bigger correction for stocks will loom at that point. For right now, seems like a bad idea to go against the bulls. But, keep an eye out for when we finally reach the top in treasury yields, look in particular for the 3 month, fed funds and the 2 year to go sideways. Once all 3 start to go down, pay closer attention to economic data coming in. Also take a look at www.tradingview.com for evidence of lower highs off the lowest point for the current cycle. You see the combination of the two, we may be in for a big correction. Again.
TVC:US03MY
by dieseldub
🚀GRIMACE to the MarsTake a closer look at $GRIMACE right now Short-term local forecast This trading idea is based on a commonly observed behavior of meme coins. After an initial surge, the coin tends to consolidate for a few weeks, undergoing redistribution and position accumulation. Here are some arguments in favor of the asset's potential growth towards the first target ($10): After trading in a deep discount zone, significant players start accumulating positions. We can observe a gradual reduction in local liquidity from decreasing lows. Referring to the basics of technical analysis: A Wyckoff pattern is apparent, with an UpThrust (UT) observed - a liquidity shakeout from the previous high. This forms new liquidity for further growth. Next, it is necessary to test the support in the form of an OB (Overbought) area. Here, a Spring will be formed - a local liquidity shakeout before mark-up. It is characterized by lower volumes, and the decrease to the specified values may take some time. Local reverse bull divergence and direct bear divergence in local highs indicate buyer weakness, providing another argument in favor of a short-term asset devaluation.
GLong
by glebeb
1
XAU GOLD 26/6 !! Any chance for gold price to recover?Gold price receives some support as the US Dollar weakens slightly. The USD has been struggling to gain momentum despite a recent recovery, and this is partly due to a decline in US Treasury bond yields. Additionally, concerns about the impact of the failed mutiny in Russia have also contributed to the rise in the safe-haven appeal of Gold. Notably, Russian mercenaries briefly seized the city of Rostov before retreating after reaching a deal for their safety and the exile of their leader, Yevgeny Prigozhin, to Belarus. Gold price has now recovered to above $1920 mark, specifically at $1925 Can BUY zone at: BUY ZONE 1913 -1915 entry 1, BUY zone 1903 -1905 SL 1892 Technical indicators analysis EMA 34, EMA 89. Strong support at $1903 - $1900
OANDA:XAUUSDLong
by DNA_TradingFX
23
ASML Entry, Volume, Target, StopEntry: with price above 747.14 Volume: with volume greater than 1.41M Target: 789 area Stop: Depending on your risk tolerance; 733.20 gets you 3/1 Reward to Risk Ratio. This swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
NASDAQ:ASMLLong
by tradepatiently
GOLD 23/6 $$ CORRUPTION OF PRICES ABOUT $1910The US Dollar's moderate strength is playing a role in limiting the rise of XAU/USD. Additionally, Federal Reserve Chair Jerome Powell, in his recent two-day testimony, emphasized that the central bank will likely increase interest rates later this year, but in a cautious manner, to address persistent high inflation. Powell also stated that rate cuts are not expected in the near future and the Fed will wait until it is confident that inflation is moving towards the target of 2%. As a result, US Treasury bond yields surged overnight, providing some support for the US Dollar and potentially further curbing the price of Gold denominated in US Dollars. Gold price is approaching the lowest price in 2 months around $1910. The buying force at this time is not large, the downtrend is still dominant SET up GOLD zone at: BUY GOLD zone: $1903 - $1900 SL 1890 Based on the EMA 34 , EMA 89 shows no signs of reversal yet
OANDA:XAUUSDLong
by DNA_TradingFX
22