BEST BULLISH SET UP OF THE WEEKStumbled upon the U chart and I see some possible magic. Clearly has gotten obliterated even more than the overall market. What I don't
like about the chart is that the price is currently under IPO price which is always a red flag. I am not sure what kind of BS has been going on since their IPO but I'm looking strictly at technicals. What I love about the chart VOLUME VOLUME VOLUME that's what I want to see as a bull. Appears to be some clear-cut textbook accumulation complete with a nice retest. That green doji to end the week is sexy. If it opens red tomorrow or turns red this is the play of the week IMO especially if the rest of the market is holding up. As always not financial advice just some opinions.
Buysetup
GBP/JPY LONG SET-UPGBP/JPY Buy Set up
Technical breakdown on GBPJPY
GJ is in a very bullish condition, however, I understand that the pair is also trading at a strong level of resistance
Saying that, GJ has the potential to break past resistance, and this could be the trade we need to make it happen
GJ has broken 15m resistance but hasn't come back to retest, this key area also lines up with a strong psychological level (165.000) as well as the 61.8 FIB level
I will be looking to take this buy as long as we see and a bearish candlestick formation, this can be wick rejections or a depletion of selling pressure
BUT
This area of resistance has a chance of holding so if price does break through 165 and retests this zone showing bearish pressure, I'll be looking to sell this pair down to 163.500 or 162.500
AUDUSD Long Trade SetupA bullish opportunity recently presented itself on the aussie-dollar trading chart. This follows from the bullish engulfing candlestick pattern which printed just above the 0.66800 psychological level. A stop loss below the same psychological level and a profit target anywhere between your entry and the swing high of 0.71403 could give you a reward-to-risk ratio as high as 5 or even higher. Be sure to size your position based on your trading account balance and apply other risk management measures before placing trades.
Rooting for you!
Your FX Plug
FX:AUDUSD
VAKRANGEE - WEEKLY TIME FRAMEThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: its my view only and its for educational purpose only. only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves.
we do not get into bullish or bearish traps. we anticipate and get into only big bullish or bearish moves (Impulsive moves).
Just ride the bullish or bearish impulsive move. Learn & Know the Complete Market Cycle.
buy low and sell high concept. buy at cheaper price and sell at expensive price.
Keep it simple, keep it Unique.
please keep your comments useful & respectful.
Thanks for your support....
GOLD LONG TERM BUY ZONE!! huge upsideLooking for price to once again reject this support for a a huge upside potential. We have created a nice support off this supply zone at 1680 before so once again I'm looking for a rejection or right shoulder move from here to take price to at least the first TP of 1760! Gold has been moving sideways on the weekly for sometime now and once again we should get a nice push up to either continue the sideways pattern or create a new entry for continuation longs on the longer term. Make sure your trading smart and always remember how fundamentals can have a huge impact on gold so always cover your trades at breakeven! Good luck!
ANANTRAJ LTD GOOD FOR SWING TRADINGANANTRAJ LTD GOOD FOR SWING TRADING
Resistance breakout
Rejection 3-4times and then breakout
Buy = 96.55
1st Target= 113
2nd Target= 131
stop loss=76.60
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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Can $ADM hold support and move higher from here?Notes:
* Very strong up trend on all time frames
* Good earnings in the recent quarters
* Basing for the past ~6 months
* Coming up on the right side of its base
* Recently broke back above a key level around ~$87.2 and has been holding this level as support with higher than average volume
* Printed an inside day with higher than average volume
* Bouncing off of its 20EMA
Technicals:
Sector: Consumer Defensive - Farm Products
Relative Strength vs. Sector: 2.78
Relative Strength vs. SP500: 1.55
U/D Ratio: 1.81
Base Depth: 37.27%
Distance from breakout buy point: -10.61%
Volume 22.31% above its 15 day avg.
Trade Idea:
* You can enter now as the price is bouncing off of its 20EMA and a key support level around $87.2
* If you want a better entry you can look to enter around $87.2 or if it pulls back closer to the 20EMA
* This stock usually has local tops when the price closes around 12.92% above its 50 EMA
* Consider selling into strength if the price closes 12.72% to 13.12% (or higher) above its 50 EMA
* The last closing price is 4.89% away from its 50 EMA
EURUSD intraday Setup 01Sep2022in todays session i will be looking for Buy Setup ( Buy Stop n Conditional Setup ) as yesterday's closing was positive ( overall downtrend ) so i will prepare my buy according to mentioned scenario . Buy Trade Setup will be void if Market got hit 1.0007 before reaching 1.0038 around levels.
Good Luck , Trade with carefully .
US Dollar forms a bullish flag against Swiss FrancAfter having made research and taking in to account the current conditions i think that sadly we can see a strong pump in the us dollar for the coming weeks.
If you look at the chart of Swiss Franc against US Dollar you can clearly see a bullish flag pattern which usually indicates an accumulation followed by a continuation on the actual uptrend.
If the price opens and closes over the upper trend line i will consider to open a long with targets 1.021 1.07 1.15 and 1.25 and i will set an stop loss order at 0.957.
In the case that a clean daily candle is printed over the upper trend line i will try to enter at the pullback of the breakout with a limit order on 0.974.
If the price fails to close over the upper trend line this setup is invalidated.
I would be glad to see what do you think in the comments and if you agree with me don't forget to give a boost.
Regards and happy trading.