Breakouttrade
USDJPY Analysis: Bullish Flag Pattern PotentialTrade Strategy: Bullish Flag Pattern
Key Levels:
- Shorting Opportunity: 153.26
- Buying Opportunity: 152.84
Analysis:
- Importance: Identifies a potential Bullish Flag Pattern setup
- Technical Analysis: Signals a possible continuation of the bullish trend
- Fundamental Analysis: Supports the bullish bias for USDJPY
Trade Plan:
- Shorting Opportunity: Consider shorting at 153.26 with candlestick pattern confirmation and RSI Divergence
- Buying Opportunity: Look for buy entries near 152.84, targeting beyond the resistance line at 153.26
Insights:
The USDJPY chart shows signs of a Bullish Flag Pattern formation, indicating a potential bullish continuation. Traders can watch for opportunities to short or buy based on the identified key levels.
📈📉 Keep an eye on USDJPY for trading opportunities based on the Bullish Flag Pattern setup!
🚀🐕 DOGE Breakout Trade Setup! 📈🚀📊 Analysis:
Bullish Momentum: DOGE has shown bullish momentum over the past few weeks.
Current Resistance: Current resistance at $0.20500.
Breakout Opportunity: Look for a breakout above this level for a potential spot long trade.
📈 Trade Plan:
Entry: Enter on the breakout and retest of $0.20500 resistance, with confirmation of a 4HR candle close above.
Take Profit: Targeting profits at $0.32 - $0.35 or higher towards $0.50 - $0.60.
Stop Loss: Place stop loss just below $0.18 to manage risk.
💡 Note: Monitor price action closely for confirmation of the breakout and adjust strategy accordingly! Stay alert for any market developments. 🚨📊 #DOGE #BreakoutTrade 🐾📈
INDO COUNT technical breakout on weekly chart A breakout on weekly chart denotes strength it suggest the CONTINUATION IN THE CURRENT MOVE
if one refer the charts ,
as shown by arrows , volume witnessed a great rise and price followed a strong move along with the same
THE stock likely to show higher areas
its trading well above key average areas and with strength in RSI
support at 310-290 zones and with stop below these CAN test 370-400 in 6 months
part-2 of Multibagger of 2024! Govt. focus sector for 2024URJA Global
Govt. launched so many schemes this year related to this sector. this stock is traded at near 2 Yrs high. I'm bullish for long term. Buy at every retest and profit booking.
NOTE: We are not SEBI registered. It's for knowledge purpose only. Consult to your financial adviser before take any trade.
Good Opportunity! Trading at Best buying priceDear all investor and traders,
here you can see in above image that how IEX gave a good consolidation on weekly TF and If it sustain above 149 on weekly TF then you can see a good upside move.
NOTE: We are not SEBI registered. It's for knowledge purpose only. Consult to your financial adviser before take any trade.
My 5 potential trades for this weekTrend is long term bullish but currently bearish.
We are close to hitting bearish trend line.
Falling wedge with recent double bottom.
Multiple FVG’s to be filled.
All indicative of an impending reversal to initial direction.
1) long @ 1.07884 if $ & downtrend $ is swept
2) long @ 1.07225 if 4h $ & bullish $ is swept
3) long @ 1.08553 if OB & trend line $ is broken
using OB as breaker block to be rejected.
4) short @ 1.08553 if OB is rejected
5) short @ 1.09328 if FVG & 4h $ is rejected
being mindful of rejection off possible
breaker block and bearish trend line for
indication of reversal
GBPUSD Possible Triangle BreakHi Traders!
A symmetrical triangle is forming on the GBPUSD 4H chart, and we could have a breakout soon.
Here are the details:
The market has found support and resistance at both the trendline support and trendline resistance of the triangle, as the market is looking for a direction.
Looking at the price action, it looks bearish; we have had multiple tests at the trendline support and have broken below the 20 EMA. The market is currently trading on the trendline support, and we are looking for a break and a close below the trendline.
As long as the market stays below the 20 EMA, our view will remain bearish. We expect some more consolidation before a possible attempt at the trendline break.
Preferred Direction: Sell
Technical Indicators: 20 EMA
Resistance: 1.26947
Support: 1.27674
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Trade safely and responsibly.
AUDUSD Expanding Triangle Pattern BreakoutWe expect further downside on this pair, signalled by the formation of an expanding triangle pattern breakout. We can also see the breakout, close and retest of the price below the key level on lower time frames, further supporting our directional basis. The trend has changed from bullish to bearish.