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Longtrade

Happiest Mins - Positional TradeThe stock formed a Bullish Engulfing candle in the month of July 2022, since then the stock has been consolidating within its range i.e 813 - 1027 . It's been 3.5 months and the stock has been moving in the said range, suggesting that it might be getting ready for a trending move. Since the first candle (July 2022) is a big bullish candle, followed by consolidation, chances are high that we gonna probably see a trending move on the upside. The current risk-reward also looks favorable for this positional trade. CMP:992 Target 1200, 1300- 1350 Stop: Below 940 or 900 ( as per risk capacity) Immediate support @ 955-944 Immediate resistance @ 1000-1015. One can time trade on the basis of an hourly or daily chart. Disclaimer : Trade at your own risk
NSE:HAPPSTMNDSLong
by manuagarwal21
1
BTC forming ascending triangleWill we see a break above the resistance zone? Well, we all know that ascending triangle BTC printing here is a figure with more chance to break above resistance. The price is coiling up above 200sma which is a nice sign for bulls. I would say that a break above 20sma (blue line) will be the first positive sign here. The oscillators look ok for the possible move up. Just a short-term move idea, could be nice to trade. Good luck traders
BITSTAMP:BTCUSDLong
by PhilosophersStone
2
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