AUDUSD SHORT TERM BUY ANALYSISPrice on the daily timeframe has been increasing. The evidence can be seen better on the four hour timeframe.
You will notice a series of higher highs and higher lows being made.
If price can pullback towards 0.72550, it'd be best to observe if the buyers can push price back up to the previous 4 hour higher high and beyond.
Buysetup
SUPERTREND AND EMA x2 Strategy for XAUUSD SWING TRADINGTools(Indicators) used:
Supertrend Indicator from KivancOzbilgic no changes.
EMA used twice. Set Length on first EMA at 20 change color to Blue (any you want but I will explain using the settings used).
Set Length on second EMA at 50 change color to Yellow
CHART 5 MINS and UP but under 1H.
Preferred instrument is FXOPEN:XAUUSD
Strategy:-
We enter a trade upon confirmation of the following conditions.
1. When the supertrend suggests a buy. We confirm entry only when the blue line crosses the yellow from below.
If both the conditions are true we place a buy order taking the previous lowest point as stop loss and profit at 1:1
2. When the Supertrend suggests a sell. We confirm entry only when the blue line crosses the yellow line from above.
If both the conditions are true we place a sell order taking the previous highest point as stop loss and profit at 1:1.
This is the strategy that I am using and I have been able to close 90% trades in profit.
The strategy holds good almost every currency pairs and major cryptos. But I have not tried it on stocks. So reviews and suggestions are welcome to improve the strategy
Please Like and Comment....
Disclaimer: The views expressed are for educational purpose only and do not constitute to trading advice. Please do your own research before acting on the views expressed herein.
$BIRD – SI 45%Allbirds, Inc. manufactures and sells footwear and apparel products for men and women. It offers shoes, such as running shoes, everyday sneakers, high-tops, slip-ons, boat shoes, flats, weather repellent shoes, and sandals. The company's apparel products include activewear, tops, bottoms, dresses, sweaters, underwear, and socks. It sells its products through its retail stores in the United States and internationally, as well as online. Allbirds, Inc. was formerly known as Bozz, Inc. The company was incorporated in 2015 and is based in San Francisco, California.
Goldview UPDATED levels and OPEN targets $$We have updated our goldurn support and resistance levels and drawn a Goldturn wedge.
We are still confidently buying dips and this is working out perfectly. We banked at 1820 and anticipated the drop, as you can see from the links to related posts below.
We have a broken Goldturn at 1796 opening a gap to 1787, however our Goldturn wedge is acting as support on this level so not wise for us to target this.
Now keeping an eye on ema5 to break 1802 Goldturn to confirm 1808 and 1816 in line with our overall analysis.
We are still buying dips and will update any changes to our plans if the market structure changes. Our setups remain strong and therefore sticking to our plans.
Please don't forget to like, comment and follow to support us, we appreciate it.
GoldViewFX
XAUUSD TOP AUTHOR
GoldView UPDATE on TARGET $$We posted this chart yesterday with updated Goldturn levels. We clearly marked the 1802 level that EMA5 needed to cross with candle body close confirmation to confirm 1808. This crossed and confirmed the target which was eventually hit today. Just like we predicted. We don't like to blow our own trumpet too much but we do draw some of the best support and resistance levels for gold in our unique way
We are now looking for EMA5 to cross 1808, which has just started to happen and then wait for a candle body close confirmation to confirm our final axis target to 1816. This does not mean we will rush to take a position, as always we will wait for a reversal to get a nice entry for a position.
For those who are following our updates daily, you can see we do things differently and we have been pretty much nailing our analysis. Please continue to show your support by liking, commenting and following us. It helps us to continue to share our ideas with you and we do really appreciate it.
GoldViewFX
XAUUSD TOP AUTHOR
BNB 600 $ OR 450 $ ?Hey !
we have potential long trade to take 17 % profit at least !
this daily candle ( 30 DEC ) is retesting 510 $ support. ( btw as you all know the trends or supports or resistance are area guys ).
don't trade this setup if we didn't get a clear retest.
the green box is a sec buy opportunity.
everything depends on BTC.
entry : 520
targets : 604 , 640
sl : 499 ( 5%)
not financial advice.
ITW finally ready to move higher?Note: I've mentioned this stock a couple of times before but both times it pulled back to an expected level due to the market conditions at the time.
* Excellent earnings
* Very strong up trend
* High 3-month relative strength of 2.61 in the Industrial sector
* Breaking out of a ~9 month base with higher than average volume
* Tried to break out a couple of times before but failed due to market conditions at the time
* Now breaking out again with higher than average volume
* The recent price action did make a double bottom and the price has confirmed a break of the double bottom as well.
Trade Idea:
* Now's a great time to enter as the price is just breaking out and is close to the broken level
* If you're looking for a better entry you can look for a buying opportunity near the $242.52 area
Banknifty analysis for 29/12/2021Banknifty finding base from last 7 trading sessions and didn't break previous low.
And from last 7 days it is range bound also in wider range.
Immediate resistance is placed at 35350 let it break then we can see 35550 and 35700 level.
On the flip side 35000 will act as a strong support for this bounce back.
Trading level
Buy above 35350
Target 35480, 35550, 35650
Sl 35170
Sell below 35140 for 35000.
Gold update on last weeks route map. We posted this over a week ago with a route map with not only direction but a potential sequence.
We mapped out the overall direction showing a clear movement to the upside with all the potential dips to pickup good entries for the longs. This played out perfectly! 1797, 1808, 1819 all hit in order.
Our trade target of 1819 was hit and 1808 retracement target also hit, as identified on the chart. We have banked all profits and will wait for a decent drop before resuming our bullish targets.
We are also keeping in mind the EMA5 break at 1790 leaving a gap open to 1782, which we need to keep in mind for a potential entry point. However for now we have had the re-test on 1808, as support so we still remain bullish.
All levels highlighted are Goldturn support and resistance levels
Please don't forget to like, comment and follow, we really appreciate it.
GoldViewFX
XAUUSD TOP AUTHOR
MMC looking to make new highs!Note: I last spoke about MMC around mid October and since then it has consolidated and now it's showing signs of going higher.
* Excellent earnings
* Very strong up trend
* Very high 3-mont relative strength of 6.87 in the Financial sector
* Breaking out of a ~2 month base with higher than average volume
* We can see that it tried to break above earlier but came back down due to the market volatility
* It's also showing healthy signs for a continuation on the weekly chart
Trade Idea:
* If a little volatility doesn't bother you, now's a great time to enter as the price is still close to the broken level.
* Moving forward, $171.13 should serve as support so if you're looking for a slight discount you can look for an entry around that area.
Buy USDCADLooking at how price has been respecting the trend lines i can tell that its time to start looking for longing positions i will be focusing on the zone 1.27630 to get my buys and will be looking to swing this trade with tp1 @1.29000 and tp2 @1.30300.
please like and share follow for more free trading ideas.
AUDUSD expected buy after continuation pattern completesPrice reacted at a key level around 0.69935, it approached the key level with a descending channel which shows a potential reversal. A bullish engulfing pattern was then presented on the weekly timeframe, which added to the confluences we already had. After that l we were expecting a continuation pattern to confirm that the market is indeed buying. The continuation pattern is currently being created in the form of a bullish flag on the 4h timeframe, this gives us all we need to know that we are going long.
Look at buying AUDUSD when price breaks the flag on the upside at around 0.71934 with stop loss just below the flag and go for a 1:4 RR.
Solospike Trading
$CRTX WAVE ANALYSIS$CRTX – SI 55%
WAVE ANALYSIS is based on the notion that markets follow specific patterns called waves which are the result of a natural rhythm of crowd psychology that exists in all markets. ... This last wave is usually traded and its length can be predicted based on prior waves.
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$RELI – SI 46% SYMMETRICAL TRIANGLEReliance Global Group, Inc. engages in the acquisition and management of wholesale and retail insurance agencies in the United States. It provides healthcare and Medicare, personal and commercial, trucking and transportation, and employee benefits insurance products. The company was formerly known as Ethos Media Network, Inc. and changed its name to Reliance Global Group, Inc. in October 2018. Reliance Global Group, Inc. was incorporated in 2013 and is headquartered in Lakewood, New Jersey.
EUR/GBP Long Scalp OpportunityWelcome back! Here's an analysis of this pair!
COMMENT BELOW and let us know your thoughts or questions!
** If you use our KiSS 2.0 Strategy, wait for price to reach zone and look for all rules to confirm entry.
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Brian & Kenya Horton, BK Forex Academy