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NYSE:RNG $276 TargetDISCLAIMER: I'm a beginner and this is one of my first attempts at analyzing a trend. If you think my reasoning is wrong here, please tell me. We can see that NYSE:RNG price is currently consolidating, with lower highs and higher lows, and after this consolidation period the price should begin a new trend. Given the bullish history of that stock, the fact that overall we're still in an ascending trend, and that the market is slowly recovering from the COVID downtrend, I think its price should continue to rise a little bit, break the 1st resistance and reach at least the 1st target (but I don't think it will break the 2nd resistance). Target 1: $276 Target 2: $283 Target 3: $290
NYSE:RNGLong
by mdeous
AUSSIE DOLLAR FOR A SHORT? AUDUSDFOREXCOM:AUDUSD Note: (MARKET IS REACTIVE AND NOT PREDICIVE) From a daily perpective, price has clearly rejected the resistance zone and has created a historical double top. Price is also at a support zone and we can see a break in support Since market price moves in waves, the price can break the support and retest the broken support before making a move to the target of 0.61764 (PLEASE HIT THE LIKE BUTTON AND COMMENT WHAT YOU HAVE IN MIND TO SUPPORT ) With this 200 pips can be caught. Also we see there are two uptrend lines which acts as a support, one has been broken, with a few candles the other will be broken. If this happens we can confirm with the strategy used to initiate a short position Entries will be initiated using one hour or four hour timeframe. (PLEASE HIT THE LIKE BUTTON AND COMMENT WHAT YOU HAVE IN MIND TO SUPPORT )
Short
by Kelachi
Be patient then actThis first has to play out. Daily chart so you should already know is long term and Im not entering off of no daily chart but the daily chart gives the bigger picture of first red candle closing under both major moving averages the 50 and 20. Find entry from here looks to be best once it tests that moving average again about 80 pips above. Once confirmation of rejection is found order goes in and stop loss to next zone above . Small lot size to begin this which will allow me to have let it play out and have a greater worst case scenario. Im not going to play the buy here I am just going to wait. updates on this trade can be found on IG @hillarmy For now like and comment views I always enjoy that.
Short
by armyhill
2