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Longtrade

RIVN - LONG SWING TRADE IDEARIVN could be a potential long trade for a few reasons: First, it is forming a Buy Setup on the daily chart and it just put it a new higher low at an area of strong support On entry, RIVN would be breaking out over three major daily moving averages (9 SMA (Purple), 21 SMA (Blue), 50 SMA (Yellow)) with room to correct to the 200 MA (Orange) In support of the trade, RIVN has been stronger than the market during this recent move lower and it setting up to bounce with the market Additionally, the 2:1 reward to risk is quite reasonable and could be exceeded if RIVN makes a strong move and breaks out of the double top at 41 A trailing stop loss is recommended as this is still a bear market and RIVN does have the double top as resistance. I would expect some price action around 37 as well due to retracement levels and previous areas of minor support/resistance
NASDAQ:RIVNLong
by JLaing
USD - JPY Short-term Buy Short term buying opportunity following the volatile movements of USD / JPY recently. I'm personally expecting retail traders to back some bullish retracement back to the 0.5 Fib Level in order to break even and perhaps further. RR of 2.2. Remember to never expose more than 1-3% of your account in any trade as the market can be unpredictable at the best of times. This assumption of price movement is backed by the 1h Stochastic Indicator which was and is close to oversold giving it a buying bias . Be aware this is merely Technical Analysis and doesn't offer huge probability overall but enough to warrant a trade with a good RR. I do not expect the full trade to be realized before the weekend so be prepared to sit on an outstanding unrealized profit or loss over that 48 hours. Hope this helps anyone and can generate intra-day ideas. Opinions welcome in comments as usual.
Long
by wozencroftkyle
GOLD LONG TERM BUY ZONE!! huge upsideLooking for price to once again reject this support for a a huge upside potential. We have created a nice support off this supply zone at 1680 before so once again I'm looking for a rejection or right shoulder move from here to take price to at least the first TP of 1760! Gold has been moving sideways on the weekly for sometime now and once again we should get a nice push up to either continue the sideways pattern or create a new entry for continuation longs on the longer term. Make sure your trading smart and always remember how fundamentals can have a huge impact on gold so always cover your trades at breakeven! Good luck!
TVC:GOLDLong
by jamison_fx
2
EURAUD finally time for some buys!!Price just starting to dig into a nice area of support down at 1.450. On the daily here you can see the nice short position I'm now looking at hedging my last little remained of the trade to now look at buys. A few more candles on the daily to confirm that this level is going to once again show support then ill be entering long term buys with a 50% take profit at the first trend retracement level. Hope everyone is doing well and I will be more active very soon!
Long
by jamison_fx