❇️Quanta Services|PWR|swing ↗️ TRADE THE TREND
Hello everyone, 🙋🏾
Here again Romluck with a new trading idea,
The trading ideas I find are after searching and investing time.
Thanks for the like and comment.
What Are the "Swings" in Swing Trading⁉️
Swing trading tries to identify entry and exit points into a stock based on its intra-week or intra-month oscillations, between cycles of optimism and pessimism.
Quanta Services from the sector Industrials provides specialty contracting services worldwide.
The Electric Power Infrastructure Solutions segment engages in the design, procurement, construction, upgrade, repair, and maintenance of electric power
In this case: 📊
🔆The price does rise above the handle, triggering a possible buy near $132.68.
🔅One possible place to put a stop loss is below the handle, marked by the rectangle, near $125.25.
🔆Based on the entry and stop-loss, the estimated risk for the trade is $7.43 per share ($132.68 - $125.25).
🔅If looking for a potential reward that is at least twice the risk, any price above $147.33 ($132.68 + (2 * $7.43) will provide this.
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There is no recommendation for buying or selling or any action in the stock, I am not an investment advisor and publish this article as a hobby only.
Everyone has to perform risk management on their own or contact an investment advisor with a license, I don't have one.
Investing in the stock market involves risking your money!⛔️
have fun
Swing-trading
EURUSD Will Move Lower! Short!
Hello,Friends!
Indecision in the market is changing
Towards a well defined bearish sentiment
And the price action on the lower timeframes
Is clearly supporting this narratve
Therefore, I think it is a goodidea to go short!
Like and subscribe and comment my ideas if you enjoy them!
BNB swing short opportunityBNB Broke the support of $309 on 17 August 2022, the day after we confirmed that breakdown and brought BNB to the construction support at $276. Now BNB is climbing up.
At $313, the 0.618 resistance is coming in, so an nice opportunity to short is all the way down to at least $277 again. as you can see BNB is breaking out his Bullish flag pattern on the shorter timeframes, The bullish target of this pattern is also around the golden pocket (0.618), so an extra comfirmation to short it.
more comfirmations are another Lower high on the 2/4 hourly and the rejection point (supply) at $320.
False Breakout on EURUSDHi Traders,
As we start settling into the new month of August, I have spotted a False Break-out Setup on EUR/USD. This is a potentially Powerfull setup should the trade play out. Looking at the 4- hour timeframe, It is evident that price has met with strong resistance at 102.600. Price then proceeds to Push past this point but then very quick and with momentum, It breaks back into the zone.
Now that Price is trading back below resistance, I believe we have a high probability of the price pushing down to 1.0100 with ease. The reason behind my bias is based on the false break out, which, break out traders are probably still Long in. I would like to see price give a pull back into 102.600 I will be entering a short position.
My Target is at 1.108 which is a strong support level. Price may continue pushing much lower but I will have to see how it reacts. Looking on the flip side, even though I have a lot of confidence in this trade, we still have to take into account the possibility that this trade could fail.
My stop loss is placed above the current 4 – hour Candle which is priced at 102.870. At that point I will no longer be interested in this position.
For now, I am waiting for a pullback and will not enter a minute sooner.
Renaldo Philander
GBP vs. USD - Short Term Swing Trading Idea - 27 July 2022OANDA:GBPUSD in next three days is in high probability for a drop of 140-150 pips. In this moment wave B-starting and C wave will be with extra sharp volatility. Good area for buys is over 1.1890-1.1875
What is the supported thesis technically for the expected scenario on GBPUSD?
- Expecting start of B waves and final capitulation of C wave
- MACD will reverse a bit and after that will make a sharp move
- Strong support @ 1.1885
If you have any questions related to this trading idea I will be happy to provide you with answers.
✅AUD_USD WILL GO DOWN|SHORT🔥
✅AUD_USD is approaching a supply level
So according to our strategy
We will be looking for the signs of the reversal in the trend
To jump onto the bearish bandwagon just on time to get the best
Risk reward ratio for us
SHORT🔥
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GBP-USD Will Fall! Sell!
Hello,Traders!
GBP-USD has been falling in a downtrend
For quite some time now
And the rebound we are seeing
Is a local correction
So the pair is likely to go down
After it retests the resistance
Sell!
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See other ideas below too!
✅GBP_USD SWING SHORT🔥
✅GBP_USD is trading in a downtrend
Along the falling resistance line
Which makes me bearish biased
And the pair is about to retest the resistance
Thus, a pullback and a move down are expected
With the target of retesting the level below
SHORT🔥
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Swing Short Coming Up On Pound Aussie Hi Traders,
Today I see a setup on Pound Aussie for a potential swing short which could yield a great return if patience and great trade management are applied.
Price has clearly rejected a higher time frame Resistance and we are now looking at price pushing to the downside. I would like to see price take out the current support at 1.76580 where we can then wait for solid entry confirmations.
If price closes above current support It may push to 1.7720 where we could look for entries as well in anticipation of price breaking the immediate support of 1.76580.
Target one is at 1.7500 where I will secure 50% to 90% of my position depending on how price action forms.
Let’s wait for the setup to come to us. NO FOMO!!
Renaldo Philander.
New Zealand Dollar vs US Dollar - Short Term Swing - 16 June 22'FX:NZDUSD in the past week capitulate, but strong price action appears. FED decision is already taking a place on markets and in the next couple of days, we will see a lot of volatility. Over June futures contracts this week there is no way volatility to be low. Trade with confidence, but always be cautious.
What is the supported thesis technically for the expected scenario on NZUSD?
- Price-action will form a channel in the next 2-3 days
- By Elliot waves probably start the A-B-C correction phase
- The RSI indicator is really high and soon will start correcting
If you have any questions related to this trading idea I will be happy to provide you with answers.