EURNZD Trade RecapShort position I took on EURNZD this week for a breakeven. All details explained in the video, some key details on my reason for management and also the timeframe usage to ensure I was executing according to my plan.
1-2-3-pattern
Gold fill fly morecurrently gold is trading in a bearish wedge pattern n D1 chart.Also it has been reacting for the 1910-1912 very strong resistance and the EMA 200 was supporting for the rejection
the situations like this what we can expect the higher rejection to the upside is possible .if gold trade above 1920 and behave steady above that area will move gold to 1929-30 strong resistance
Triangle idea- retest and continuation.This can be a potential triangle pattern. It is drawn two lines between the strongest and most recent reaction zones. I think the price will bounce back up to create a third touch in center where the two lines crosses before making its way down in the major trend.
Xau/UsdHello traders!
In my opinion, the xau/usd pair is a buy because the price has broken the neckilne and we are waiting to enter trading if the price breaks the level of (1094.50) with a target of (1933.80) and 1961.00. Don't forget SL (1885.00)
Wait to enter the trade! Be careful!
Don`t forget to look at the economic calendar!
MAKE MONEY AND ENJOY LIFE 💰
THANK YOU!
GOOD LUCK!
🙏🏻🙏🏻🙏🏻
EURUSD... time to SKYROCKET!!We have almost the quantum-harmonic-pattern.
B: 61.8-78.6%
C: 38.6-50%
D: 224%
This entry, is only valid for 3 trading days.
Buy limit at 1.08119.
SL: 30 pips
TP: 30(move SL to BE), 60 pips.
Risk:
Small accounts: 0.01 lot
Big accounts: 0.1/1 lot
Is this a good time to buy RIOT ? LONGRIOT has had a downfall in the past month on the 1H chart. The crypto
market had a resurgence and is now in the dog days of crypto summer.
The MACD shows some bullish divergence.
The volume profile shows most of the buying was in the 16-17 range. RIOT
is far below that with relative volume voids in any movement back to that level.
I see this as a long trade setup with 30-40% upside on the stock and much more
in a one or two month call contract. If you would like to know my parameters on
a long stock trade or call options please leave a comment. ( please also see
my BTBT post, like and subscribe).
Microsoft -> A Long Term Double Top?Hello Traders and Investors ,
my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Microsoft💪
On the monthly timeframe you can see that Microsoft stock once again retested the previous all time high at the $340 level and once again rejected it towards the downside.
You can also see that after the recent retracement on Microsoft, MSFT stock is approaching previous structure at the $320 level from which we could see a short term bullish bounce.
And last but not least I am just waiting for the daily timeframe to shift back to a bullish market before I then do expect a short term rejection away from the daily and weekly support area.
Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint📈
Thank you for watching and I will see you tomorrow!
My previous analysis of this asset:
🔥 KuCoin Token 2-Year Falling Wedge: Patience!If you enjoy this analysis, please give it a like and a follow.
KCS has been falling since late 2021. The token held up fine initially, but the real pain started after April 2022 where it started trading a lot weaker compared to Bitcoin and BNB.
This prolonged period of bearishness and relative weakness has most likely to do with drying up volume on all exchanges, small exchanges especially.
Nevertheless, there might be a light at the end of this dark tunnel. Falling wedges are classically bullish reversal patterns, so we are looking for a break out in the next few months.
KCS is not ready for a break out yet. I think we still have to trade within this pattern for a couple of months before a real break out can happen. Will come back to this trade by then.
For now, I think we can (in the long-term) move back to the all-time high around 28$. This, combined with a stop below the pattern's support will lead to a great risk-reward trade.
EURUSD Trade Recap 11th August 2023Breakeven taken on EURUSD last Friday, very happy with the management. Full explanation in the recap.
🧠Emotional Log
---
**Pre-Trade**
I understand all the confluences within my thesis, I accept this risk as I know if it is a loss I clearly understand exactly why I took to the trade. My stop is protected and if price takes me out there is a chance it is forming something else anyway. Do not be greedy, but also do not hesitate. These are the trades I must allow myself to take.
**During Trade**
My stop is protected, allow price to do its thing. My entry is valid, and I understand structure over candlesticks. I utilised the timeframes as best I could, working from the 1H structure filtering down to the 15M without jumping in. Do not choke the trade, mini 90% rule is in play so let price do its thing.
**Post-Trade**
I understand that price created a mini scoop for a much sharper entry, however, how can we guarantee this will always happen. My entry was valid, and stop was protected, I understood the 90% rule kicking in and managed risk accordingly to price action on the 1H. Nothing more I could have done in this situation and capital was protected.
OP / USDTWe have reached the end of the overall market converging pattern during the upward trend, and at the heart of it is a small pattern that can open sell positions to specified areas.
Areas to accumulate XRP.If the price of XRP goes up then this talking point is moot. However, if XRP continues to consolidate then any buys below the RED LINE and above the GREEN LINE are a good buy. Any buys below the GREEN LINE and above the YELLOW line are a great buy. And any buys below the YELLOW LINE are a fantastic buy!
Don't put all your eggs in one basket, and don't fill the basket in one trip!
Daily Watchlist 9th August 2023Two pairs on watch this morning, USDCAD & CADJPY. Similar plays but crucial differences in WHERE price has come from. Stay sharp.
✅NZD_JPY DOUBLE BOTTOM|LONG🚀
✅NZD_JPY was going down
But then the pair established
A double bottom pattern at 86.39
And upon a rebound broke the
Neckline of 86.82 so I am
Now locally bullish biased and
I think that we will see a
Potential move up
LONG🚀
✅Like and subscribe to never miss a new idea!✅
XAUUSD 4H Outlook !Hi traders ! As you see in high timeframe, we are in a Descending channel(red lines) !
Now at the top of this descending channel, price formed a price action pattern ! triangle !
now we expecting more downside after a pullback !
be notice that this pullback can appear as a trading range !
good luck ! ;)
🔥 SAND Bearish Triangle Break Out: New Lows ComingSAND is weak. No reason at all to look bullish at this token. The bearish triangle on the chart is taking shape very well. Some more red days and we could break out of the bearish triangle.
Please wait for the break out to confirm with the price closing below 0.325 on the daily chart.
My target is the 2021 lows, which could be the bear market lows, we'll see by then.
EURJPY Trade Recap 2nd August 2023A long position I took on EURJPY this afternoon. Risk was managed but taken out of the position for a breakeven, nowhere for profit to be locked in using structure however I am very happy with the decisions made throughout.
DXY Pattern TriggersTVC:DXY
When separate ideas overlap for a confluence direction, the potential is huge
EURGBP | BUY to target 0.86-0.862Dear 500 bros,
In my opinion, the pair of EURGBP is making a nice Bullish Diamond Pattern. So, I have a Setup for Buy order at current rate.
Happy trading!
AUDUSD FORECASTmarket may pull back from here due to a resistance and may price reach to the target 0.68921.
as we can see we can open a buy trade from when market reach to resistance as u can see in the chart
AUDCHF EASY PATTERN
0.618 222
I am publishing this upcoming trade for the future.
Hopefully this debut is a trade a lot of people make money with.
Good luck.
Solusdt bullish or bearish scenarios Solusdt forming a pennant pattern which is considered as bullish pattern as well as bearish pattern it's depends upon which side the pattern breaks upside or downside. Now we can see sol is sitting at good buying price (trend line support)in short timeframe with proper stoploss. Because there are 30-50% chances of breakdown. (Tight stoploss necessary) .
not a financial advice.
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.DYOR!!!!!
GBPAUD long bias monthly perspective from daily charthi,
there is an uptrend on this asset. price swinging upper 0.61 fib extension level, thats nice cuz price now above the 0.61 fibonacci retracement of 3 years. thats sense bulls are on control.
i think price will range at upper level at august which 1.95-2.00.
if needs a demand i think the changed 1.9 level is will be work as key. it has a nice bullish candle from price. high volume level of the trend inside of trend is at 1.9 level.
i ll looking for gbpaud's bullish signal this month.
$DISH a beat down stock ready for bounce?Down 87% over the past 2 years there's not much left to beat on here.
Technical analysis points to trend reversal and move to the upside at ~70% chance.
It could potentially drop down to demand zone in 5's. Either way, we like it long term.
