Buysetup
Gold Rally to 2,130Gold is in its' last wave up (Wave 5) and specifically in wave 3 of 5 (the strongest impulsive wave), it is now on its' trendline which has been intact since March 2020 and is a sub trendline of the bigger uptrend that has been intact for 4 years now. Moreover, gold is now on the 61.8% Fibo level which supports the scenario of gold going up.
Targets are calculated based on Fibonacci extensions and gold is expected to extend to new all time highs. A safe target would be 2,045 however it is expected to break the previous ATH and reach the following targets:
2,130 ---> 2,180 ---> 2,300
A proper stop loss would be below the 1,756 level to protect the trade from whipsaws and it is recommended to move SL to breakeven right after the breaking of the 1,960 level.
OUR GOLD ENTRY TAKE PROFIT ZONES AND TRADING PLAN ! This is our Bullish scenario trading plan, should each of these levels be tested, together with our daily analysis and technical confirmations, we will be taking our buy entries and taking profit at the areas highlighted.
We find it very useful to always have a trading plan to follow. It allows you to follow a initial map and it then becomes easier to make changes as the price unfolds.
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Ethereum is setting up to fight back from recent weaknessEthereum is starting to hold above the longer term 200 EMA as buyers soak up the recent selling pressure. In the video, I run through the price action and why I expect to see a move up in the near term and the action I want to see for an entry setup.
If you like the video...please leave a like and subscribe to the channel for more content.
Where is PLD headed next?* Exceptional earnings
* Very strong up trend
* High 3-month relative strength in the Real Estate sector
* Built a 3 month base between $125.45 and $138.67
* After breaking out started to consolidate in a tight range
* Slowly kept moving higher even as the general Real Estate sector was ranging during the same period
* Broke out of the tight consolidation with higher than average volume
Trade Idea:
* Now's a great time to enter as the price just broke out of the tight range
* If you're looking for a slight discount you can look to buy near the $150.90 area as that should serve as support
* Even if the general Real Estate sector continues to range it seems like PLD will continue to move higher; given how it performed over the past three weeks.
MCHP ready to move higher?* Exceptional earnings
* Very strong up trend
* High 3-month relative strength in the Tech sector
* Broke out of an 11 month range on November 4th
* Since the breakout it has been consolidating above the broken level making it a new support
* Maximum probable ROI would be 25.60% if the trade goes in our favor
Trade Idea:
* Now's a great time to enter as the price is really close to the broken level and the volume shows institutional interest after 2 weeks of tight consolidation.
* If you're looking for a slight discount you can look to buy near the $82.40 area as that has been serving as support for the past ~13 days
* Consider taking partial profits at $92.40
Caution:
* A daily close below $82.41 could put this idea in trouble.
* Consider exiting the trade early if the price make 4 consecutive lower lows on a daily basis
CSX broke out of a tight range. Where is it headed next?* Great earnings
* Very strong up trend
* High 3-month relative strength in the Industrial sector
* Built an 8 month base between $29.71 and $34.26
* After breaking out it started to consolidate in a tight range creating a base on base pattern
* Breaking out of the range with higher than average volume
Trade Idea:
* Now's a great time to enter as the price is very close to the broken level
Caution:
* A daily close below $36.25 would put the price back inside the range and expose $35.14 as support
* Consider exiting the trade early if the price make 4 consecutive lower lows on a daily basis.
* Alternatively, a daily close below $35.14 would negate the idea
UNP ready to make the next move higher?* Great earnings
* Very strong up trend
* High 3-month relative strength in the Industrial sector
* Built an 11 month base between $196 and $227.80
* After breaking out it started consolidating in a very tight range creating a base on base pattern
* Consolidated for about a month and now breaking out with higher than average volume
Trade Idea:
* If you can handle a little volatility, now's a great time to enter as the price is still close to the broken range and is picking up on volume
* If you're looking for a slight discount you can look for buying opportunities near the $243.91 area
* Looking at the chart, it wouldn't surprise me if it does come back to retest the $243.91 area before heading higher.
Caution:
* A daily close below $238.83 would negate the idea
EUR/USD November 24, 2021A sustained move over 1.1236 will indicate the presence of buyers. If this creates enough upside momentum then look for a surge into 1.1291 – 1.1300.
Sellers could come in on the first test of 1.1291 – 1.1300. However, 1.1300 is also a potential trigger point for an acceleration to the upside with 1.1345 the next major target
GoldTurn strategy in ACTION!As per our analysis yesterday and the identified Goldturn level broken with EMA5, you can clearly see price hitting our target or as good as. We also used last nights close, which created another Godlturn that was broken this morning further confirming this movement. We wait for for the EMA5 to cross the Goldturn level and then a candle body close for further confirmation before entry.
We will identify further Goldturn levels throughout the coming weeks, please like, comment and follow us to support our work so we can continue to share our ideas.
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30M CHART GOLDTURN LEVELSJust a quick update on the 30m chart immediate big gold turn levels. Taking out the smaller levels and just including the significant ones for the 30M chart.
Goldturn Resistance
1862
1873
Goldturn Support
1845
1824
Waiting for EMA5 cross and lock for confirmation.
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