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Trendline-breakout

RUNE > Parallel Channel & Support and Resistance > Trade SetupHello Friends, Hope you all are having a thrill in your trading journey. I am presenting you my analysis of RUNE. According to my technical analysis, RUNE is moving in a parallel channel . Now, we are expecting a rise till next resistance. "My analysis is valid until We don't see a breakout from channel" I hope my analysis is pretty clear to you guys. Kindly do your own research and follow proper risk management. Feel free to share your views in the comment section. Like and Follow! Best Regards, Shaswat Naman TradeThrill, India🇮🇳 Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Long
by tradethrill
SKL > Parallel Channel > Upmove till next Resistance?Hello Friends, Hope you all are having a thrill in your trading journey. I am presenting you my analysis of SKL. According to my technical analysis, SKL is moving in a parallel channel. Now, we are expecting a rise till next resistance. "My analysis is valid until We don't see a breakout from channel" I hope my analysis is pretty clear to you guys. Kindly do your own research and follow proper risk management. Feel free to share your views in the comment section. Like and Follow! Best Regards, Shaswat Naman TradeThrill, India🇮🇳 Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Long
by tradethrill
3
ADA > Trendline Breakout > Time for a little dump?Hello Friends, Hope you all are having a thrill in your trading journey. I am presenting you my analysis of ADA. According to my technical analysis , ADA will now go down as it just broke out from trendline and we are waiting for a retest. I hope my analysis is pretty clear to you guys. Kindly do your own research and follow proper risk management. Best Regards, Shaswat Naman TradeThrill, India🇮🇳 Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Long
by tradethrill
3
USDJPY | Perspective for the new week With over 150pips move in our direction since my last publication (see link below for reference purposes); I have identified a trading opportunity we can take advantage of as the current structure reveals a possible reversal for a rally in the coming week(s). After plummeting earlier in the week against the Japanese yen, the USD turned around to show signs of strength again when the price broke out of Bearish Trendline (21st July 2021) thereby suggesting that the Greenback is on the verge of a potential recovery in the coming week(s). Tendency: Uptrend (Bullish) Structure: Breakout | Supply & Demand | Trendline | Reversal pattern Observation: i. Since the beginning of July 2021; we witness price action spiral downward after hitting a peak @ Y111.700 (the first high this year). ii. The price found a bottom around Y109.000/109.600 and we can agree that this zone has kept price "supported" between 8th & 19th of July 2021(2 weeks) with clues suggesting buying strength at this zone. iii. The Breakout of Bearish Trendline that happened on the 21st of July 2021 gives cognisance to my Bullish expectation as I look forward to the completion of the correction phase of Impulse Breakout to incite a rally continuation. iv. Above the Key level @ Y110.100 and Bullish Trend line (indicated on the chart) shall serve as an area for buying opportunity in the coming week as any move below this level negates my narrative so far. v. It is important to expect that the early hours/days of the new week "might" see a price drop to test the Neckline, Key level, Bullish Trendline or as far as testing the Bearish Trendline at around Y109.600 to incite a rally continuation. vi. Breakout/Retest of Y110.400 shall be an opportunity to add to the existing position... Trade consciously!😊 Trading plan: BUY confirmation with a minimum potential profit of 130 pips. Risk/Reward : 1:5 Potential Duration: 5 to 12days NB: This speculation might be considered to make individual decisions on the lower timeframe. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks, etc.) is high risk and unsuitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation before making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry
2
SOL > Trendline Breakout/ Support and Resistance > Bull Run?Hello Friends, Hope you all are having a thrill in your trading journey. I am presenting you my analysis of SOL . I hope my analysis is pretty clear to you guys. Kindly do your own research and follow proper risk management. Feel free to share your views in the comment section. Like and Follow! Best Regards, Shaswat Naman TradeThrill, India🇮🇳 Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Long
by tradethrill
3
RVN > Trendline Support > One Drop and Up!Hello Friends, Hope you all are having a thrill in your trading journey. I am presenting you my analysis of RVN. According to my technical analysis, RavenCoin is following a strict trendline. So, I am long on it. "My analysis is valid until We don't see a breakout from trendline" I hope my analysis is pretty clear to you guys. Kindly do your own research and follow proper risk management. Feel free to share your views in the comment section. Like and Follow! Best Regards, Shaswat Naman TradeThrill, India🇮🇳 Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Long
by tradethrill
OGN > Trendline Support > To the Moon?Hello Friends, Hope you all are having a thrill in your trading journey. I am presenting you my analysis of OGN. According to my technical analysis, Origin is following a strict trendline. So, I am long on it. Origin broke the trendline resistance and after a retest, it following trendline support to go up. "My analysis is valid until We don't see a breakout from trendline" I hope my analysis is pretty clear to you guys. Kindly do your own research and follow proper risk management. Feel free to share your views in the comment section. Like and Follow! Best Regards, Shaswat Naman TradeThrill, India🇮🇳 Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Long
by tradethrill
TOMO > Trendline Breakout > time to go down?Hello Friends, Hope you all are having a thrill in your trading journey. I am presenting you my analysis of TOMO. According to my technical analysis, TOMOchain will fall as it just broke major trendline support and we are waiting for a retest. I hope my analysis is pretty clear to you guys. Kindly do your own research and follow proper risk management. Feel free to share your views in the comment section. Like and Follow! Best Regards, Shaswat Naman TradeThrill, India🇮🇳 Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
TShort
by tradethrill
4
DOGE > Trendline Breakout > To the MOON?Hello Friends, Hope you all are having a thrill in your trading journey. I am presenting you my analysis of DOGE. According to my technical analysis, Doge will go up as it just broke a major trendline and we are expecting a retest to the trendline. I hope my analysis is pretty clear to you guys. Kindly do your own research and follow proper risk management. Feel free to share your views in the comment section. Like and Follow! Best Regards, Shaswat Naman TradeThrill, India🇮🇳 Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Long
by tradethrill
1
IOST > Trendline > To the Moon?Hello Friends, Hope you all are having a thrill in your trading journey. I am presenting you my analysis of IOST. According to my technical analysis, IOST is following a strict trendline. So, I am long on it. "My analysis is valid untill We don't see a breakout from trendline" I hope my analysis is pretty clear to you guys. Kindly do your own research and follow proper risk management. Feel free to share your views in the comment section. Like and Follow! Best Regards, Shaswat Naman TradeThrill, India🇮🇳 Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Long
by tradethrill
GRT > Trade Setup > Buy and Sell SetupHello Friends, Hope you all are having a thrill in your trading journey. I am presenting you my analysis of GRT . I hope my analysis is pretty clear to you guys. Kindly do your own research and follow proper risk management. Feel free to share your views in the comment section. Like and Follow! Best Regards, Shaswat Naman TradeThrill, India🇮🇳 Disclaimer: The analysis provided is purely informative and should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
by tradethrill
EURUSD | Perspective for the new week | Follow-up detailsWe witnessed a total of 500pips in our direction since my last publication on this pair (see link below for reference purposes) and it appears the Bears have lost the momentum giving way for a potential rally in the coming week(s). The Euro fell significantly during the course of the last one month to break below Key level @ $1.18500 level, only to turn around with signs of life again during the latter part of last week trading session to break and close above the same Key level. With the recent structure favouring the Euro; participants (buyers) look forward to the coming week(s) with optimism after the ECB decided to let inflation slightly overshoot its 2% target to avoid the risk of premature tightening. Tendency: Uptrend (Bullish) Structure: Breakout | Supply & Demand | Reversal pattern (Re-test/Rejection) Observation: i. The Bearish momentum that began in January 2021 broke out of her prevailing direction (Bearish Trendline) on the 22nd of April 2021 to set the pace for what look likes a Trend continuation. ii. The first major level to hold price "supported" this year (2021) is identified at $1.17000 (31st of March 2021) which is represented on the chart as the Demand zone. iii. I have hereby tagged this Demand zone a strong level for buyers considering the emphatic run (leading to a Breakout of the Bearish Trendline) that peaked at $1.22650 (over 500pips move). iv. The Bearish momentum that began on the 26th of May appears to stall @ $1.17850 which also fulfils a re-test pattern of the Trendline Breakout as we witness the buyers picking up momentum from the Demand zone mentioned earlier. v. In this regard, a confluence is identified at $1.1800 - a point where the Trendline and Demand zone meets to favour a "possible" rally. vi. We saw the price break and close above $1.1800 (Key level) on the last day of last week trading to reveal a buying momentum at this juncture. vii. The price MUST remain above the key level to support a Bullish bias in the coming week(s)... Trade consciously!😊 Trading plan: BUY confirmation with a minimum potential profit of 300 pips. Risk/Reward : 1:6 Potential Duration: 5 to 12days NB: This speculation might be considered to make individual decisions on the lower timeframe. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry
XAUUSD | Perspective for the new week | Follow-upWith over 1,700pips in our direction since my last publication (see link below for reference purposes) - strong bullish momentum continue to persist as buyers don't seem ready to give up additional gains. The bulls may push the price further up should the bears find it difficult to break down the Demand zone/Trendline @ $1,888 in the coming week. Tendency: Uptrend (Bullish) Structure: Breakout | Supply & Demand | Trendline Observation: i. The break above Key level @ $1,900 during the course of last week trading session opened the possibility of a rally continuation. ii. The line drawn under pivot lows (Pivot I & II) is a visual representation of the prevailing direction of price action in the last couple of weeks. iii. On the 25th of May 2021, we experienced price breaking above $#1,888 (a level that rejected price for 7 days) to confirm an uptrend continuation. iv. The breakout of $1,888 was followed by a sharp rejection of this same level to form a new level for Demand (61.8 retracement). v. The area above Key level @ $1,900 shall be a yardstick for buying opportunity in the coming week(s). vi. CAUTION: Should price break down the Demand zone/Trendline @ $1,888 then we shall be looking at a possible nosedive in price action. Trading plan: BUY confirmation with a minimum potential profit of 2,000 pips. Risk/Reward : 1:4 Potential Duration: 1 to 4 days NB: This speculation might be considered to make individual decisions on the lower timeframe. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
OANDA:XAUUSDLong
by darcsherry