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Trendline-breakout

EURCAD | WEEKLY PERSPECTIVESince the Euro dropped from above 1.53500 level in late June 2020, it finally pushed above this Key level this last week coming from a Double Bottom and bringing prospective opportunities to the table for Buyers in the following week(s). Tendency: Uptrend ( Bullish ) Structure: Double Bottom | Breakout | Trendline Observation: i. Breakout from the neckline of Double Bottom structure is a promising sign that we might be on the Bull ride again. ii. Before getting too excited about the prospect, its worthy to note Key level II which might either be a barrier to form a Channel or a Breakout level in the future. Trading plan: BUY confirmation with a minimum potential profit of 230 pips. Risk/Reward: 1:3 Potential Duration: 1 to 7 days NB: This speculation can be considered to make decisions on lower timeframes. Watch this space for updates as price action is been monitored. NirvanaForex 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.
Long
by darcsherry
GOLD > Bullish Pennant, Long Entry!Hey friends👋 Support this idea with like if it's helpful to you, leave me a comment below that will help me a lot 🙏. Analysis of #GOLD In a previous analysis I predicted a break to the downs side from the descending triangle and explained how I will buy gold, 'link below this idea" well it did not come to my entry point yet, but now we have gold forming a bullish pennant, will look to buy if it came back to retouch the lower point of the pennant and provide a reason to enter, or break outside the pennant > Please note the ideas is valid only if it happened as I said above Thanks for taking the time to read my idea please do not forget to hit the like it's my only reward🙌 Check today analysis below Stay safe everyone _____________________________________________________________________________ Before trading our ideas make your own analysis. _____________________________________________________________________________ Disclaimer: this information is not a recommendation to buy or sell. It is to be used for educational purposes only**
OANDA:XAUUSDLong
by TheTradersAvenue
8
EURCAD > Potential Breakout Possible?!Hey friends👋 Support this idea with like if it's helpful to you, leave me a comment below that will help me a lot 🙏. Analysis of #EURCAD Prices keep pushing against resistance line inside a wedge or triangle and each time it got rejected it came back stronger, as we can see from the higher highs, I think we can break resistance and we can look to buy if price breaks with momentum and closes above structure. >Please note the ideas is valid only if it happened as I said above Thanks for taking the time to read my idea please do not forget to hit the like it's my only reward🙌 Check today analysis below Stay safe everyone _____________________________________________________________________________ Before trading our ideas make your own analysis. _____________________________________________________________________________ Disclaimer: this information is not a recommendation to buy or sell. It is to be used for educational purposes only**
Long
by TheTradersAvenue
9
USDCHF Long EntryHey there, Today on USDCHF we had a very strong bullish move on the support level around the 0.96600 area. Throughout the day the price action broke through two clear resistance areas one upper structure at around the 0.97200 area and continued up to the upper trend line on the symmetrical triangle. Price action pushed through and re tested both the upper structure and the old resistance confirming support at these levels. Entry on Trade at 0.9724100 Stop Lose at 0.96806 Take profit at 0.99038 Risk reward ratio of 4.5:1 Thanks
Long
by LewisBWalsh
Buy stop order on AlibabaI'm considering placing a buy order a few points above current weekly candle. Given the outcomes of covid19 turning positive (mainly for China) I retain the possibility of Alibaba (aliexpress included) to be one of the first industrial giants to regain pace on the asian side. If price will break out from current trendline, I think an advance to 250 could be in the "masterplan" :). Here's my strategy: Scenario 1: price advances toward 250 -> will move my SL to Breakeven Scenario 2: price advances toward 300 after some consolidation, will trail my stop every time price goes up by 10%. Worst case scenario: this will turn out to be a false breakout and will get stopped out right beneath current weekly candle. Though it is a bullish idea, I marked is as neutral, every order for me is a stand aside trading style.
NYSE:BABA
by trisperon
PDD LONG entry on breakout of downward trendlineAs PDD broke its major downward trendline , a long position with a good reward to risk ratio can be entered with a tight stop. Factors leading to the decision: - The recent downtrend has been broken with decent volume - The 20ma was broken and held, pulling in moving-average traders off the side-lines - A recent low offers a perfect spot to put a logical technical stop As always, respect a tight-stop. If it rips up, let it run and trail stops behind.
NASDAQ:PDDLong
by ericsolan
3
AUDUSD TRADE UPDATE, UP 170 PIPSHey,👋 Support this idea push the like button, share and comment below that will help me a lot, and most of all hit the FOLLOW button so you never miss any analysis 😉. Update for #AUDUSD in a previous analysis, I predicted this move exactly, I will leave the link for you below to check out, prices moved 170 awesome pips in our favor, congrats if you were able to get involved Check today analysis below Stay safe everyone _____________________________________________________________________________ Before trading our ideas make your own analysis. Thanks for your continued support! _____________________________________________________________________________ Disclaimer: this information is not a recommendation to buy or sell. It is to be used for educational purposes only**
Long
by TheTradersAvenue
GBPUSD REEKING OUT, WHERE TO BUY?Hello traders if you like this idea, show your support push the like button, share and comment below here is the analysis for GBPUSD the pair broke out from minor resistance to face different major resistance 1.2100 level, but we still have room to go there, I will be monitoring the prices on the lower timeframe for the chance to go long ____________________________________ Hello traders if you like this idea, support us by pushing the like button, share and comment below Thanks for your continued support! No analysis is 100% accurate, kindly do your own analysis ________________________________________ Disclaimer: The information given is not a financial advice.
Long
by TheTradersAvenue
1