Buysetup
#XAUUSD #GoldIn the continuation of the previous analysis, it can be seen that gold should probably finish the lower cycle of wave 3 of 3 in the current area, and then wave 4 will have a smaller correction, and finally wave 5 will continue up to the 2.618 Fibonacci area or to the ceiling of the previous channel. to have Note that the higher cycle of wave 4 correction should not enter the wave one range of 1975 dollars, in this case the analysis will be invalidated.
GOLD has 3 scenarios in here gold need to reach 2009/10 level first.then we are creating a good game plan for gold because the trading plan is important to the day trading. Let's begin:
1.In here i expect gold hit 2009/10 and do a big down with a high volume.the correction which is bigger than the move will move the pair down and turn bullish to bearish.
this is my wrost case one because i am a buyer until the war will have done
2.If price able to breaks the level with good inefficiency we do long but we have to wait for the breakout first
3.best scenario is this part because i have already told according to the WAR commodity and the US index will be moving to the same side .it can be happen and you can see it.so if reaches that level then do a decent correction we do long till 2020/2025 level
that is my plan on gold
How strong resistance breakout is best buy ?When price is rejected at the resistance level multiple times and when price finally manages to breakout the resistance is one of the best opportunity for the LONG trade (Vice versa for short trade)
In the above chart of KASPA is one of the best example showing this behaviour.
KASPA price got rejected more than 4 times because of strong resistance and once the price managed to breakout the resistance , price went up in a sudden surge gaining 135% in space of 1-2 weeks.
We should keep an eye on these type of resistance breakouts, these are the best entry for LONG trades with very minimal list.
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GreenCrypto
USDJPY BUY | Day Trading Analysis With Volume ProfileHello Traders, here is the full analysis.
Watch strong action at the current levels for BUY . GOOD LUCK! Great BUY opportunity USDJPY
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LUNAUSDTLUNA is trading under declining trendline and now creating a local support in the form of minor range. as the price action indicating the pause in sell pressure.
If the bulls become able to break the range and declining trendline , it will be fine buy setup.
One can trade it with buy stop on the breakout of range and declining trendline.
If the breakout sustains the next target could be 0.4590
Breakout by Breakout | Long BiasWeekly Chart
Wait a breakout and close above 1.9 that's confirm for next bullish up to 3.1
Chart 4H TF
RUNE is trading around 1.82x it closed above 1.72 and moving up to 2
RUNE can go up and down in range 1.7 - 2 awhile before breakout, so this time for collect part by part.
Time will tell
Ye Bandhan toh pyar ka Bandhan haiThe stock price has retraced above 50% from the previous downtrend in the daily time frame. It has formed an ascending triangle formation with a flat resistance and higher lows in support trendline with an increase in volume. The breakout from this pattern can take the stock its recent high levels again.
Entry - Abouve 246
Target - 272
Stop Loss - 229