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EURUSD Momentum Break: Trade Setup and Alternative ScenarioBased on this morning’s analysis, we’ve seen a break above the momentum high, signalling that buyers remain confident the EURUSD isn’t too overvalued. As a straightforward principle, we trade what we observe. Buy above the momentum high, aiming for the next decision point at 1.1140 (H4 Structural Point). Stop Loss: What gets you in, gets you out! Technically, if the price drops back below the momentum high (1.10899), it will be a negative signal for buyers. Therefore, we’ll set a conservative stop at 1.1085. Profit Target: 1.1134 (Fibonacci Target) 1.1140 (Structural Target) Alternative Scenario: If the price breaks below 1.1085, buying is no longer advised. We will reverse the position for a trend reset trade towards the Fibonacci buy zone range of . Happy Trading!
Long
by Charts247TradingAcademy
1
USD/JPY - Bullish Trend ContinuationThis morning, the focus is on the Dollar-Yen pair. The bullish trend is evident across all timeframes. Yesterday, we observed a strong break of the reversal structure at 161.269 after reaching a momentum high of 161.95. This break is crucial for the continuation of the bullish trend. Following the break, a bullish pattern has formed, and the price has moved into the Fibonacci buy zones of the initial move. Given this setup, the high probability action is to buy or do nothing above 161.57. Stop Loss: 161.14 Target 1: 162.35 Always think in probabilities.
Long
by Charts247TradingAcademy
📈 Tata Steel: Bouncing Off Support and Eyeing New Highs! 🚀Hello traders! Today, let's dive into $NSE:TATASTEEL. Here's the breakdown: 📉 Support Bounce: Tata Steel has recently touched its support at Rs.132 and is now making a move upward. 📈 Targeting ₹140: The current trajectory suggests a push towards the near-term profit target of ₹140. 💹 Derivative Opportunity: For derivative traders, considering the 130 call option could be a strategic move. ✨ Potential Upside: With good support, there's a chance for Tata Steel to soar higher. Keep a close watch for further developments. 🔄 Dynamic Market: Always remember, the market is dynamic, and these are observations. Conduct your analysis before making any trading decisions. 🤔 Your Take: How do you interpret Tata Steel's movement? Share your insights in the comments! 📌 Stay Updated: Let's navigate these markets together. Stay tuned for more posts and updates! Best regards, Alpha Trading Station
NSE:TATASTEELLong
by AlphaTradingStation
CADJPY Successful Live tradeI am providing an update on the ongoing CADJPY sell trade. All the confirmation levels have aligned in favour of the short position, validating our initial analysis. As anticipated, the price swiftly broke below the 1dh (one-day high) and continued its downward movement, breaching the structure (4). This development confirms the bearish momentum in the market. The trade was eventually closed out at the trail stop, coming just 5 pips short of reaching the initial target. While the trade did not fully achieve our desired outcome, it still resulted in a profitable exit. Additionally, I have conducted analyses on the GBPUSD, AUDUSD, and USDJPY currency pairs. These analyses provide valuable insights into their respective market conditions and potential trading opportunities. Wishing you continued success!
Short
by Charts247TradingAcademy
Short Selling Opportunity Ahead: AUDCAD Analysis | 4h chartHello traders, As you can see in my previous post the resistance level reached and profit target hit. Now again short selling opportunity on the horizon. Wait for the OANDA:AUDCAD to close below stable support (0.91200-0.91500) and test resistance before opening short position. Avoid long position due to downward trend and high supply. Thanks & regards, Alpha Trading Station Disclaimer: This view is for educational purpose only & any stock mentioned here should not be taken as a trading/investing advice. We may or may not have position in the stocks mentioned here. Please consult your financial advisor before investing. Because Price is the "King of Market".
Short
by AlphaTradingStation
Market Structure Alignment DOGECOIN USING BAR CHART H4************************************** Market Structure Alignment DOGECOIN M = W = D = H4 = br H1 = br M15 = M5 = M1 = ************************************** BIASES: BB = Bullish BIAS BRB = Bearish BIAS **************************************** CODES: b = Bullish bg = Bullish Range br = Bearish brg = Bearish Range **************************************** Bimb = Buyers IMBalance Simb = Sellers IMBalance **************************************** Boms = Break of Market Structure Bboms = Bullish Break of Market Structure Brboms = Bearish Break of Market Structure **************************************** DZ = DemandZONE SZ =SupplyZONE ************************************ H = High HH = HigherHIGH HL = HigherLOW L = Lower LL = Lowbrow LH = LowerHIGH ************************************* POI = Point Of Interest IMB = Imbalance IC = Institutional Candle MIT = Mitigation ************************************* Black = Monthly Red = Weekly Green = Daily Yellow = H4 SkyBlue = H1 NavyBlue = M15 Pink = M5 Purple = M1 Orange = Alerts ************************************
COINBASE:DOGEUSD
by N934rex
READY FOR LIFTOFF?Lookin at a decending wedge, you have price touching the bottom trendline of a rising channel.If price falls below this zone your looking at the next zone below between $1.85-$1.61. Coming closer to the bottom of this wedge I don't see price retesting the lower trendline of the wedge, but anything is possible. 1st target looking at $9.75, if we get past that I'm projecting a 2nd tarjay @ $19.00, where we have the next major monthly supply zone and some resistance. Let me know your thoughts.
NASDAQ:ABUSLong
by ProfitJunky
1
Cypher Pattern Profit Target Reached in Stocks!! 😎Stocks have broken down from our butterfly cypher pattern. This has been a long time in the making, and our analysis with harmonic patterns has foretold this correction weeks prior. We have actually broken down a bit past the target, to the 0.618 Fibonacci retracement level at 4144, which is also a technical level. If anything is going to slow the bleeding for stocks, it would be a level like this. That appears to be the case, as we have seen a bounce back to 4193. The Kovach OBV has definitely taken on a negative trajectory, but could be rounding off perhaps suggesting more momentum may come through. Momentum at the open will likely foretell where the price action is going today.
FX:SPX500
by quantguy
Intermediate Trading Strategy - Part 3In the previous post we discussed risk:reward, profit taking and trailing stop losses. If you have not read part 1 and part 2 then you are highly recommended to start there. Taking Profit Always taking partial profits, never making decisions for the full position. This is true when entering and this is true when exiting. It minimizes anxiety and emotional decision making. In Trending Markets: Stop loss is trailed once new highs/lows are established. If long then move it up to be slightly under the recent low and if short move it slightly above the most recent high. This can generally be illustrated with Bill Williams Fractals on the weekly and daily charts. Full profit can be taken on the third test of a trendline. In Parabolic Markets: I like to gamble on house money, it makes me feel much more comfortable about the draw downs. Here is an example for how to take profits in a parabolic market: If +100% then take 10%-20% off the table. If +100% again then take another 15%-25% off the table. Keep doing this as long as price is making all time highs. Take full profit if phase 4 or phase 3 of hyperwave is violated If weekly and daily RSI (with 30 setting) are > 80 then take full profit. If Welles Wilder’s ADX is > 50 on the weekly and/or > 60 on the daily then time to take full profit. For Bitcoin' watch for NVT to reach overbought zones and consider how this metric will be affected by Lightning Network and batching transactions. If Trading a Pattern: A chart pattern will indicate a profit target. If your reason for entering the trade was the chart pattern then do not get greedy with the profit target! Relying on a trailing stop will often cause a trader to miss out on a large part of the profit when trading a pattern. Be very specific about what you are investing in long term/hodling and what you are using to trade. If investing/hodling then put into cold storage and don’t do anything for a minimum of 10 years. In the final post we will delve into the best indicators and provide guidelines for when they are most effective.
Education
by Sawcruhteez
aELF - Target 1 reached ... can we go to Target 2??Hello All, Here's an update on aELF. So those who followed my call last night would have woken up to a 15% profit this morning. BTC is expected to make a pullback and could very well be doing that now (this appears to be wave b of an abc correction up). Once wave b is complete, BTC could start moving up in wave c and that could propel ELF through resistance. IF wave a of the ELF correction is over (it might not be), that would make wave a $0.25 long ... and assuming wave c does the same ... this could bring us to the next target level of 1.55. For those who bought low, perhaps take partial profit, but it may be worth the gamble to see if we can get to 1.55. Personally I'm holding, as I don't see a huge BTC drop coming in yet. I have raised my stops though so I do protect some profit. I'm willing to give it a shot, given generally most believe BTC will continue to 8600 - 8800 level ... there could be some good profits to be made on ELF! Remember only a fool relies on one potential outcome. Do not make financial decisions using this info. For educational purposes only. If you wish to make a donation, based on profit you made on my ideas ... it would be greatly appreciated. BTC address 14i2Xit5pH7Sz5TMegDn8vDT6VcoN85f42 ETH address 0x8a62eE1B2628297EA51aD08dadFFCed3F73e6eed LTC address LXoyzmL85HvED1LyHkJtGygUPbBUZd
E
by MAGICMARK
1
ARCH on the Move!!!!Hey Guys, here with a quick idea, but does not mean this idea is meaningless. ARCH has amazing fundamentals. Do your own DD but I promise they're fantastic Huge uptrend, 0.5 retractment, rising 5-Day MA, and positive ichimoku are looking good for this stock. Profit target of 114. Likely route is that it hits the top, retracts a little, then continues on to 114. My drawing does not represent the time-frame I think it will take, just the route that's probably likely. Could just blow by 100 or never get past it, that's why you set stop losses. If it gets past 100 though, that huge psychological barrier break will cause some major movement. Keep this one in mind, I'm doing an April option on it, $100 Call. If it hits 114 two months from now, 200% Profit. Do your own DD, I'm not licensed and am not responsible for losses. Any questions, Leave them down below
NYSE:ARCHLong
by croganm
Steel is looking AMAZING right now!!!!!Hey Guys, Gonna make this very quick. Steel is looking ridiculous right now. It broke out of its logarithmic resistance (extremely hard thing to do, took around 8 years), is at a daily resistance right now of around 51.60, and has fantastic potential to jump up to 57.00-58.00 MINIMUM, 76.00 being Aggressive. That doesn't even include the new tariff Trump put in place! I don't prefer to invest in ETF's, so I've found some very specific steel or steel-related value stocks who have grown with the same correlation as the ETF but at a faster Rate of Change. I posted about one recently, VALE, so feel free to check that one out. There are still a couple of gems I've found that I haven't posted about, so see if you can go find them on your own!! Always try to diversify portfolio's anyway but not in some random, bullshit way. Try to find sectors or stocks with high growth potential and diversify among a couple of them! Steel is a great diversification from Technology so if you have a Nasdaq heavy portfolio, feel free to add some steel to it! I wouldn't invest yet though, if we break 52 with good volume though, 57 should be achievable in no time and the 5-Day MA should begin to slope upward. Remember though, do not, and I mean ever, for anybody, follow their advice blindly. I'm not licensed in any way shape or form, just interested to share my ideas with y'all and start a discussion, so make sure to do your own DD! Any questions, leave them down below!
AMEX:SLXLong
by croganm
2