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Breakouttrading

Bullish Outlook for GBP/CAD with Key Level at 1.78160The GBP/CAD pair is expected to move bullishly, targeting the 1.78160 level. On the 1-hour chart, the price has successfully broken out of a descending channel, creating a higher high before retracing. This movement is significant, especially with the RSI indicator reaching overbought levels, suggesting strong upward momentum. I anticipate that a more favorable entry point would be when the RSI dips below the 50 level, indicating a potential pullback within the ongoing bullish trend. This setup strongly supports the view that the pair will continue its upward movement towards the 1.78160 target. We'll see how the market develops from here.
by ClearTradingMind
TSLA Breakout Move AheadThis is going to be a move to remember if we see the right setup at the right time. I am looking for our yellow buying continuation to get picked up and for price to start making its way toward the top of yellow and toward our HTF green bullish selling algorithm at the $240 area. For more context on why I am confident about this move (context for this trade is everything) - watch my recent videos on TSLA explaining the story of the chart. Happy Trading All :) PS I know my followers are used to my video analysis and it's way more helpful - but I know that many people on here don't watch videos (which I understand) so I will try and post more ideas like this along with the videos
NASDAQ:TSLALong
by ReigningTrades
9
Apple - Still Outperforming Everything!Apple ( NASDAQ:AAPL ) is stronger than 99% of stocks: Click chart above to see the detailed analysis👆🏻 Despite the recent stock market weakness, Apple is trading at new all time highs. This clearly indicates that buyers don't let this stock down but are rather buying every dip. Even though Apple is retesting a channel resistance, a breakout followed by a rally is definitely possible. Levels to watch: $230, $280 Keep your long term vision, Philip (BasicTrading)
NASDAQ:AAPLLong
by basictradingtv
NZDJPY for new week bullish expectations NZDJPY after BoJ is rise rates, we are have strong bearish trend in last periods from 12.7 till 5.8. In last periods we are saw USD weakened and we are can see JPY is start stagnating. In the meantime ASCENDING CHANNEL is be created and on 28.8 price is make break of same. And in next day 29.9 price is break and crucial zone (90.500), zone is fresh breaked, bullish trend is not make to much here and for new week still expecting here bullish push till next zone. TP1: 93.000 (160) TP2: 94.000 (260) All best, here for comments, stay tuned!
Long
by DepaTrading
Amazon - Give me another -10%...NASDAQ:AMZN did not create a sustainable all time high yet and might head lower short term. Click image above to see detailed analysis Short term counter-trend moves are always very welcome because they allow you to enter trading opportunities within a major higher timeframe trend. After Amazon actually broke above the previous all time high but immediately closed back below, we knew that this was a false breakout. If we get a short term move lower, we might get another textbook trading opportunity. Levels to watch: $140 Keep your long term vision, Philip - BasicTrading
NASDAQ:AMZNLong
by basictradingtv
12
Gold → needs a correctionhello guys. Breakout of the Main Channel: The price has recently broken out of a well-defined ascending channel, indicating a potential bullish trend continuation. Support and Resistance Zones: The area around $2,500 acts as a strong support zone, which the price has tested and bounced off several times. There is a resistance zone around $2,530 that the price will likely encounter as it moves higher. First Target: The first target for the bullish move is the $2,530 resistance zone. This is where the price might face some selling pressure. Second Target: If the price breaks above the $2,530 level, the next target is around $2,570. This would represent a continuation of the bullish trend and a significant move higher. Retest of Support: The analysis suggests a possible scenario where the price might retrace back to the support zone of around $2,500 before attempting to reach the first and second targets. This retest would confirm the strength of the support level. Current Price Action: The price is currently around $2,512, slightly below the first target zone. Traders should monitor how the price reacts to the support and resistance levels to gauge the next significant move. This analysis highlights the importance of the $2,500 support and $2,530 resistance levels. The potential for further upside exists, but the price may need to retest support before making a decisive move toward the targets. ___________________________ ✓✓✓ Always do your research. ❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them. ❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and comment
OANDA:XAUUSD
by melikatrader94
5