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Breakouttrading

USDJPY Analysis: Bullish Bias Despite Market Volatility- Market Sentiment: Bullish Bias - Weekly Chart Analysis: Violation of Recent Resistance Indicates Strength - Trade Plan: Buying Opportunities Favored over Shorting Analysis: - Market Sentiment: Maintains Bullish Bias on US Dollar, despite market volatility - Weekly Chart Analysis: Notable violation of recent resistance level on the USDJPY Weekly chart - Implications: Market speculation regarding potential BOJ intervention in FX Market - Trade Plan: Prefers buying opportunities over shorting due to pair's independent behavior Trade Plan: - Buying Opportunities: Look for buying opportunities at support levels (e.g., 154.27, 154.12, 153.89) - Support and Resistance Trading: Shorting opportunity at 154.70 on the 1-hourly chart, although not actively pursued Insights: Maintaining a bullish bias on USDJPY despite market volatility, with a focus on buying opportunities over shorting. Preference for buying entries at support levels, while remaining cautious of resistance levels for potential shorting opportunities. Exercise caution and adaptability in response to the pair's independent behavior. 📈📉 Remain vigilant and adaptable in navigating the USDJPY market, prioritizing risk management and flexibility in trade execution!
Long
by RaynLim
AMD - Finally a correction?Hello Traders and Investors, today I will take a look at AMD . -------- Explanation of my video analysis: Back in 2022 AMD perfectly retested the previous all time high which was turned support after AMD stock broke it towards the upside in 2020. Furthermore AMD stock also created a bullish symmetrical triangle formation and already broke out towards the upside. More often than not we will see a retest of the breakout level, potentially bullish confirmation and then the continuation towards the upside. -------- Keep your long term vision, Philip (BasicTrading)
NASDAQ:AMD
by basictradingtv
1
LEU - Updated Analysis after nice bullish movement and reversalWe've been eyeing this breakout since we started to prove sell-side tapering from our strong selling algo to our more tapered teal. Since then, we've seen healthy movement and if we're looking back to a year ago, we can see a similar pattern that formed prior to a larger breakout. So here I am going to allow us to come back and retest white if that's what price wants to do - if it does I will add to my swing position there, and once we break out of teal tapered selling, we have some nice room up to our retest and attempted breakout of magenta/red tapered selling. That will be the real test and for that breakout we will need to see our strongest purple and yellow algorithms be in control to break out of there. Hope this was helpful - as always, feel free to ask further questions on any of my analysis either in the comments or in a personal message to me. Have a great day all and... Happy Trading :) - TraderDaddyOG
AMEX:LEULong
by ReigningTrades
5
#SALZERELEC#SALZERELEC SALZERELEC Good for Holding around 6 TO 9 Months ..... Current Price at 848.05......... Keep SL at 802. .... (On Closing Basis ... Means ... Daily Candle closed Below 802 )….. After Close Crossing 913 …. Trail SL to 913 Targets are Shown on Chart in Greens . Patent It has received a patent for ‘Integral Cam Operated Rotary Switches’ for a duration of 20 years, ending 2031. It has registered a Patent for Rotary Switches, five product patents in process. Diversification into Smart Meter In Feb,24, the company announced the establishment of a Smart Meter Manufacturing Business in Coimbatore with an annual production capacity of 4 million smart energy meters which will be increased to 10 million in Phase Two. The first batch of smart meters is expected to roll out in Q1 FY25. Clientele Valeo, Delta, Siemens, L&T, Schneider Electric, Nuclear Power Corporation, Kone, Indian Railways CED, ABB etc Market Share The Co is the largest manufacturer of Cam Operated Rotary Switches with 25% market share. Promoter holding has increased by 2.08% over last quarter.
NSE:SALZERELECLong
by iism-ExpertTrading
LEU - We've been prepared for this breakout all along! With signs of tapering kicking in a month ago and our strong buying channels awaiting activation, we've been preparing for this breakout and finally got our entry last week! There's plenty more room for this to go although we can see some immediate signs of resistance here at our tapered teal. Look for yellow strong buying continuation to continue to activate and hold price for a breakout of teal and test of magenta. Happy Trading :)
AMEX:LEULong
by ReigningTrades
4
UNP - Breakouts happening on buying continuation activationNext Stop: 247.50 When we see ourselves breakout out and retesting a strong selling algorithm like magenta here, we are almost guaranteed to come and retest the top of our tapered selling algorithm (teal here). Look for yellow strong buying to continue to activate and hold price for the move to retest teal. A future breakout of teal will then allow us to retest recent highs at 258 which is the top of our green buying continuation which is currently in control. Happy Trading :)
NYSE:UNPLong
by ReigningTrades