GOLD 20/6: Gold price weakening at the beginning of the morning The Federal Reserve's unclear direction regarding interest rate increases has resulted in limited price movement in the market. Congress is closely monitoring this situation.
So, The price of gold is having difficulty taking advantage of its small increase earlier in the day and is moving within a narrow range during the first half of the Asian session on Tuesday. Currently, the XAU/USD is trading around $1,950, with little change from the start of the day. It has been trading within a familiar range for the past month or so.
Gold price assessment on June 20, 23 continues to sideway narrowly in the range of $1935 - $1960
Canh Buy price range $1939-$1941, SL $1930 TP: 1955
Based on technical analysis indicators EMA 34, EMA 89 with support point $1939.
Longtrade
Kinder Morgan - KMI - Opportunity to enter?• Pennant formation after a nice upward movement
• It looks like the breakout from the formation is near
• The breakout should be supported by high trading volume
• Price target at USD 18.37
• Price target near the gap resistance at USD 18.34/18.52 formed at the end of January and the 76.4% Fibonacci retracement
• Let's see if there will be a breakout in the next few days
• Looks like a good opportunity to enter
JSW Steel ready for major breakout 🚀JSW Steel getting ready for major breakout :
Why you consider it as a Quality Trade
1. Price @ All time high
2. Time frame : weekly & monthly
3. Pattern : Pole & Flag
4. Structure : Super Bullish
5. Positional Trade for almost a year
Take Cautions before take entry 🚫 :
1. Wait for price to close above ₹792 in weekly time frame
2. Calculate your proper Risk Management
3. This my analysis not suggestion
ORLY Long on Consolidation Break-Out🐂 Trade Idea: Long
🔥 Account Risk: 1.00%
📈 Recommended Product: Knockout
🔍 Entry: +/- 922.00
🐿 DCA: No
😫 Stop-Loss: 877.99 (898.75 for aggressive trade)
🎯 Take-Profit #1: 977.59 (50%)
🎯 Take Profit #2: -
🎯 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!
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ORLY is in an overall uptrend and broke the consolidation trendline with a strong candle going into a bullish consolidation inside a small range. Entry should only be made if the daily candle remains outside the consolidation range (green box) today. If it falls back wait for another break-out and daily close.
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Swing setup on EU potential 300+ pipsPrice has given us enough signs that it will continue to go up. I'm just waiting for a pullback into discounted areas to look for longs. Those of you who are experienced can also get in on shorts when the 4H is pulling back to make profit with both longs and shorts
EURNZD - And The Trend Continues!Analysis:
This is another setup that to us looks highly probable. Firstly price has been in this long term upwards trend, although recently we did see this trend break, however that was a fake out, and price has now continued the upwards trend so know this we're only looking to go long on this pair. The level where price is currently sat at is also a key level for multiple reasons. Firstly its been tested multiple times and has shown strong momentum from the level so we expect this to happen again. It is also around the 1.75000 psychological level which we expect some support from meaning that we already have the start of a great setup. To add to this setup we also have the 50% fib retracement level which is lining up exactly with our area so this give us more confidence as we expect that buyers will be sat at this area making it more likely that our level will hold. We've also got a long term upwards trendline which has been respected multiple times and has caused momentum so we anticipate that this will happen again. Fundamentally as well the EUR is the strongest major currency whereas the NZD is the 4th strongest major currency so this goes in our favour by a lot. The EUR recently did have a decrease in long positions and an increase in short positions but so did the NZD so this is why we are bullish on the EUR when it comes to EURNZD, giving us our overall bullish bias.
Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read. We appreciate it all.
Stay Safe - JPI
Disclaimer:
This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does to. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
LINK long idea Listen up, in the world of crypto, Chainlink's the game,
But before you go long, you gotta manage that risk, it's not a game.
With LINKUSDT, a long idea in play,
Channels, OBV, and Fibs to pave the way.
Been in accumulation, for almost a year,
But with potential targets in sight, don't you fear.
TP1 at 7.4, TP2 at 8.40,
TP3 at 8.8, TP4 at 9.48, so don't you get naughty.
But with gains in sight, you gotta keep your SL in check,
Below 5.75, to prevent losses and protect.
So let's go long on LINKUSDT,
With a strategic plan, and risk management to see.
With channels, OBV, and Fibs to play,
Potential profits, just a breakout away.
But don't forget the SL, it's your safety net,
To ensure gains, and no losses to fret.
So let's ride the wave, and make it big,
With LINKUSDT, and a plan that's strategic.
Potential targets in sight, but risk management is key,
For a successful trade, and a profit to decree.
Punjab and Sindh Bank looking for good moveNSE:PSB seems good for a positional trade with provided entry, exit and stop level. It looks like has ended down tend on daily basis and has started new up trend on daily basis. Formed a good support level. On weekly scale it has already crossed 50 WMA over 200 WMA, that gives strength for the stock. Let's see what happens next.
Disclaimer:
My ideas are not for recommendation purpose. I am just sharing my ideas to share with community.
AUDCAD I Break retest and headed for resistanceWelcome back! Let me know your thoughts in the comments!
** AUDCAD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Confirmed breakout of LT channel in QQQ/SPY 🚀My previous thesis played out perfectly on this in 2022 (see profile).
Now, we have sharply flipped after getting close to the bottom of the channel on this key pair trade.
The beautiful breakout, with a confirmation pullback, suggests the outperformance of QQQ over SPY will continue and the breakout of the channel which occurred in 2020 is here to stay.
Given this is a sharp breakout, it suggests a significant bull-run which catches everyone off-guard (like 1999) is also possible.
As a long-term investor, QQQ is a better bet than SPY in my opinion.
QQQ I There is a strong rise Welcome back! Let me know your thoughts in the comments!
** QQQ Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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$LINA looks bullish for another leg higherDon't fade this strength. Bull flag on the 4h, measured move, gets us right up the logarithmic golden pocket. Funding is also quite negative, so a lot of shorts to provide liquidity to whales to fill their shorts from higher up. This is following similar price action to ARPA.