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Confirmation

AUDNZD-Possible long on the 4hr (confirmation required)AUDNZD has shown an uptrend for approx 3 weeks. Today the sell off has provided an opportunity to jump on the back of this pair. See rationale below: 1) Near term uptrend 2) 100 EMA on 4hr (Red Line) has historically been a good place to buy 3) Indicative trend line drawn (However confirmation required from price action) What am I waiting for? Price to close above 100 EMA then add a long position with this pair. Update will follow if it moves in the anticipated direction, if not continue hunting! Hope you liked the idea! Happy Hunting!
Long
by Piphunter1887
EURUSD Confirmation requiredAlthough trend is bullish, as you can see, it tested the 1.21700 line, but no confirmation, therefore returned at 1.21400, and now is testing again. It tested it a couple of times, as you can notice, so you can expect the trend to continue. Best way to have the clear confirmation is at the 4h graph, one and a half hours from now. Afterwards, a long position can be opened, with a TP of at least 1.22, or even 1.23 if you want medium to long term, but use SL and/or TS for as loss recovery, in case things go south. Cheers !
Long
by MBGD
3
Always Wait For Confirmations 📚 Those who win at the Forex game are those who are able to build on their case to take a trade, whether it be fibonacci, moving average, patterns etc. The more confluence, the better. This is why it is important to always wait for your confluences to line up before taking a trade. For this particular trade, those who were waiting for the third touch of the upper resistance of the pattern, would've been stopped out if they had a tight stop loss. It would've been better to wait for more of your confirmations to line up so you can execute the trade knowing that there are more things on your side (other than chance!) See below for the current GBPNZD set up.
by WicktatorFX
3
Always Wait For Confirmations 📚 Those who win at the Forex game are those who are able to build on their case to take a trade, whether it be fibonacci, moving average, patterns etc. The more confluence, the better. This is why it is important to always wait for your confluences to line up before taking a trade. For this particular trade, those who were waiting for the third touch of the upper resistance of the pattern, would've been stopped out if they had a tight stop loss. It would've been better to wait for more of your confirmations to line up so you can execute the trade knowing that there are more things on your side (other than chance!) See below for the current GBPNZD set up.
Education
by WicktatorFX
7
TIME TO GET A BAG OF TOMODear Traders, As you can see in the chart above we have an oversold RSI with a bullish MACD cross. The price has formed a falling wedge structure that has been recently broken and a confirmation has been made. It's time to see an upwards movement. As you probably know there are good fundamentals for tomochain for the end of january and the beginning of february which include: The mainnet hardfork to update to the latest EVM (31/01) TomoBridge which will enable TomoChain to support ERC20 tokens (31/01) TomoP a protocol that allows anonymous transactions (31/01) LuaSwap which will make TomoChain transactions faster than Ethereum and near to 0 fees. (31/01) Halving, the rewards will decrease from 250 Tomochain/block to 125. (07/02) Targets: TP1: 0.00005604 Satoshis TP2: 0.00008824 Satoshis Stop-Loss: SL: 0.00002650 Satoshis I wish you the best of luck!
TLong
by Janpr99
4
OIIM Under Rated Small CapperLet's talk small caps for a change!! lol OIIM, the title says it all! I've been in and out on this one a few times over the past several months. Structure is consistent and range on bars is typically around 10%. Fundamentals are decent compared to peers and not overpriced. Float is low on this one so it can run! The 7.70 level seems to be a key area of previous resistance and currently gathering some support at. Let's wait for some confirmation and see what happens before entry.
OLong
by NetWorthFocused
3
Gold Soon Hitting Channel Resistance: Next Step?Since Gold's low Nov 30th, Gold has seen some strong growth. However, soon it will hit the upper resistance of the descending channel. Where too next? Gold will see another 1%-1.5% growth in the coming week. What will happen after depends totally on investor's risk appetite. Before entering a trade, I'd advise waiting for trend confirmation. I'll make another post when the time is there. For now, have some patience and let Gold do its thing until it's close to the channel resistance.
OANDA:XAUUSDLong
by FieryTrading
Apple Ripping to the Moon! We called it!Team, As we discussed in our Sunday evening stock update Apple was due for a breakout. We ripped thru multiple levels of resistance at open to make new highs which we have not seen since September! With ramped up iPhone production and competition with $PLTN Apple just continues to amaze us. aapl I do want to congrats those who follow me and took the trade. I sold all my calls at open today and could of doubled my profits had I shown some more patience. I can't complain about a 25% return in a day but 65% sounds better lol.
NASDAQ:AAPLLong
0
by cazmuh