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GBPCAD I Break, retest, and bullish continuationWelcome back! Let me know your thoughts in the comments! ** GBPCAD 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. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Long
by BKTradingAcademy
8
ETH/USDT BULL FLAG FORMATION! Hello everyone, if you like the idea, do not forget to support it with a like and follow. Welcome to the new ETH update. ETH is currently trading above $1900 level. As you can see in the chart, it is forming a bull flag kind of structure in 4hr time frame and already has a breakout. After the breakout, it is currently retesting it. After this successful retest, we can expect a pump from ETH. Although we have a strong resistance around the $2k level so for further confirmation it needs to break and hold above the $2k level. If it holds above the $2k level then the short-term target is $2200 Invalidation:- If any 4hr candle closes below $1870, then this bullish scenario got invalidated. If you like this idea then do support it with like and follow. Also, share your views in the comment section. Thank You!
Long
by CoreCrypto1
3
USD is Trading Inside of Wedge and May Rise to ResistanceHey Traders👋🏻 On The Daily Time Frame The USDJPY Price Reached a Strong ResistanceLevel (142.255-141.267)✔ The Price Broke This Key Level (The Resistance Becomes New Support Level) Moreover, The USDJPY has created a Rising Wedge pattern and trades inside. So, I Expect a Bullish Move📈 i'm waiting for a Retest... ----------- TARGET: 145.050🎯 ___________ if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
Long
by Hsan_BenAhmed
8
Shree Cement: Ascending Triangle Breakout and RetestShree Cement(stock symbol: SHREECEM) has been forming an ascending triangle pattern since April 2022, but recently it broke the pattern with a gap down. However, it managed to recover and is currently retesting the lower trendline. During this retesting phase, the stock is forming dojis, which could potentially act as a trigger for a further move. To implement a trading strategy, a stop-loss (SL) could be placed above the high of the doji, while the target levels are set at 22,623 as the first target and 21,853 as the second target. Note: It's important to keep in mind that financial decisions should not be solely based on patterns or technical analysis, as market conditions are subject to change. It's advisable to conduct thorough research and consult with a financial advisor before making any investment decisions.
NSE:SHREECEMShort
by JigarHathiyani
Bank of Baroda Breaks Out of Triangle Pattern: Bullish Momentum Bank of Baroda(stock symbol: BANKBARODA) has been trading within a triangle pattern since December 2022, but it has recently broken out of this pattern. During the triangle formation, the stock tested the lower trendline six times, and each time it tested, a substantial rally followed. On June 19, 2023, the stock broke above the upper trendline with decent volume, indicating a potential bullish move. Currently, the stock is retracing and retesting the upper trendline to validate the strength of the buyers. Traders looking for an entry point may consider observing candlestick patterns such as a hammer or engulfing candle that could serve as potential entry triggers. Setting a stop loss below the identified candle pattern can help manage risk. The initial target for Bank of Baroda is set at 201.60. If the stock continues to show strength, the second target is at 206.65, and the final target is at 215.85. It is important to note that Bank of Baroda can be traded in the equity or futures and options (FnO) segment. Please remember that trading involves risks, and it's always advisable to conduct thorough analysis and consult with a financial advisor before making any investment decisions.
NSE:BANKBARODALong
by JigarHathiyani