Continuation
Potential Swing Continuation trade in NQNQ is setting up for a potential trend continuation long trade. After making the first leg from a low of 12609.75 to a high of 14059.50 then making a deep correction, it attempted to break that high but failed in the intial go with slowing at the second top then found support at 13700 and seems now going for a second try. Target is at 14550 giving us around 1:3 RR
Gold Long - Six Month trendline breakLonger term perspective XAUUSD (GOLD). XAUUSD has broken well established trendline which has been acting as an upper bound for its trading range since Highs in August.
Fundementally Gold should be transitioning to a more Bullish case as fed having been implementing quantitive easing (Printing Money) measures to stimulate the US economy over the past year. The effects of this i.e inflation of the prices of consumer good are starting to take effect now continue to do so in the coming months. Investors often turn to other assets such as Gold to protect their assets against the devaluing of the dollar.
Technically, a good long term Long position would be once a clear breakout has been made by the market on the trendline above and a clear retest of the trendline and continitation of an uptrend is established, we would ride the trend up. ( With apropriatly managed risk).
In the graph above we see a previous breakout of this trendline highlighted in red, but as said above we don't trade the breakout, nor at the return to the trendline but a clear continuation of the breakout which did not happen there. No one can predict the market but using strict rules and strategies we can increase our probability of wins. 🥇
- Adrian
AUDCAD 0.97392 + 0.23 % LONG IDEA * PRICE ACTION & CHART PTTNS HELLO EVERYONE
HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE IN THE MARKET THIS WEEK, HERE'S A LOOK AT THE AUD / CAD PAIR .
* follow your entry rules on entries
* significant moves with the bears change the plan.
lets see how it goes.
many stars must align with the plan before executing the trade, kindly follow your rules.
HAPPY TRADING EVERYONE & LET YOUR WINS RUN...
_________________________________________________________________________________________________________________________
ENTRY & SL - FOLLOW YOUR RULES
RISK-MANAGEMENT
PERIOD - SWING TRADE
__________________________________________________________________________________________________________________________
If this idea helps with your trading plan kindly leave a like definitely appreciate it.
GBPJPY 151.396 + 0.13 %V LONG IDEA * CONTINUATION PTTNS * PR. ACHELLO EVERYONE
HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE IN THE MARKET THIS WEEK, HERE'S A LOOK AT THE POUND / YEN .
* follow your entry rules on entries
* significant moves with the bears change the plan.
lets see how it goes.
many stars must align with the plan before executing the trade, kindly follow your rules.
HAPPY TRADING EVERYONE & LET YOUR WINS RUN...
_________________________________________________________________________________________________________________________
ENTRY & SL - FOLLOW YOUR RULES
RISK-MANAGEMENT
PERIOD - SWING TRADE
__________________________________________________________________________________________________________________________
If this idea helps with your trading plan kindly leave a like definitely appreciate it.
Eurusd Bullish FLAG
+
Upper Trendline Rejection.
Expect a interim drop if we get a clear rejection candle from the supply level.
Then look for bullish reversal candlesticks at the demand level for new highs.
ZIL, Targets to FillZIL, 4H, no shame in swinging for that 1.618: increase in thrust, triple divergences and yesterday's 1D bullish engulfing candle make the case. Easy low R:R. Leave a comment if you like.
Gold Bullish run update.
Following our successful entry and Target hit, we see another opportunity for the bullish run continuation.
Caution because pair is currently gathering more sell orders to trap retail seller.
Expect aggressive stop hunts to the downside, but based on probabilities we are bullish until further price action
IOTA, Got the LegsIOTA, 3D, significant break and backtest of 1.41 completed. All momo oscs keeping bullish posture, MACD renewed green on current candle. Entry at or below 1.50 maintains 3:1 R:R on first target - slow and low, time will tell.
UNI, Poised for a PartyUNI, daily, Triple hidden Class A hidden bullish divergence on MACD & RSI. MACD looking to flip green, hasn't yet. March 15th close functions as stop-loss. Targets are overhead Fib levels from recent swing high to low. Let's freekin go!
EURGBP Potential Bearish BreakoutLooking at the $EURGBP all signs are pointing for a potential breakout to the bearish side. Between a series of lower highs & 2 very positive bearish rejection candles (even though they are green), I am seeing more selling pressure in this pair in comparison to the buying pressure.
The 2 ways to handle this situation would be to 1) Position yourself ahead of the breakout & 2) Wait for the confirmed breakout & look to get involved after a period of relief (pullback)
Targets are set at a higher timeframe level of structure (looking left) along with the confluence of an AB=CD pattern & a 161.8 Fibonacci extension level.
Akil
ADA could be moving higher ADA has been consolidating since the beginning of march after hitting heavy resistance at 1.50USD, and has begin to start trading in a ascending triangle formation. This is a wide formation that could conclude as late as june, however that is unlikely because crypto markets hardly stay still for long. We could see 1 or 2 more retests of the highs at 1.50USD before volatility resumes. The upside target for this pattern is 1.96USD. It should also be noticed there is strong resistance at 1.30USD and strong support at 1.18USD.
The only ADA chart that matters.Lots of people have been frustrated with ADA's inability to break heavy resistance at 1.50. Lots people are learning the hard way that markets ebb as much as they flow. However the big picture here is still very much bullish. The big picture for ADA even looks bullish VS. BTC. A symmetrical triangle pattern has been developing over these last couple of weeks on the ADABTC chart. The upside target is 0.00003400BTC. To confirm this as a bullish trend I expect a bounce at 0.00001740BTC. If we break below this level is will spell trouble for ADA VS. BTC imo. To confirm this as a triangle pattern ADA will then have to break the resistance trendline, closing candles on the 4 hourly and especially daily charts only then will I be confident in this move when considering the time frame it took to develop.
SLB Long Daily. Swing.Weekly is strong bull market. Daily just touched the 50 EMA and gapped up. Current candle is showing indecision. Good time to place your bets.
CHECK THIS USDCHF LONG!!!Daily: 50EMA has crossed the 150
4HR: Nice bullish move to the upside thats broken previous resistance. We are now waiting for the pull back to look for Bullish evidence
1HR Now we wait for the right bullish evidence to confirm a move up off resistance.
USDCHF Bullish Continuation After a 15 day sideways shuffle the USDCHF has finally broken out of it's most recent period of consolidation to the upside which allows me to make the prediction that price is likely to continue higher. If we do get some bearish relief I would expect a pullback to the 9375-9348 level before creating the next extension higher.
Akil
Despite short term rally, looking to sell short SPYMarket is rallying as expected after such a bloodletting. I don't think the bottom is in yet. Heavy volume on todays doji candle could be a sign of further downside. If market breaks recent low, I will add more to my short position. Alternately, market could rally up into moving average resistance offering a better short entry. Be careful, there is extreme volatility and the news could change things on a dime. Be well
TKAT- Gamble on the NFT crazeGambling on TKAT is in a way not much different from gambling on blockchain stocks back in 2017.
Anything digital is a fair game in the realm of NFT as even tweet was up for sale as Jack Dorsey demonstrated that today.
TKAT's Insider ownership is almost 50% and TKAT's institutional ownership is close to zero, indicating the high volatility this stock possesses.
Volume has retraced more than 66% since it reached its record on Wed. It seems to me that TKAT is at beginning of the distribution stage.
Short interest is low and market is irrational so I'm not ruling out a modest correction followed by the continuation.
Game plan: Market buy 1/5, then fill out the rest in the demand zone.
TKAT is volatile. DO your own due diligence. Not the investment advice.
GBS, Continuation Play with 4 Technical ArgumentsBGS, daily, continuation play from 4 technical observations: Triple class A MACD HBD, Triple class B RSI HBD, completed retest of 2020 double top & second MA golden cross this year. The .50 & .618 seem plausible, at least.
RYAAY inverse head and shouldersI'm seeing an inverse head and shoulders on the hourly, which lines up as the right shoulder of an inverse head and shoulders on the daily. The hourly oscillators are showing bullish divergence on both the RSI and MACD.
AMC Bull Flag - Continuation of Cup and HandleLooks like a clear break from cup and handle, but now looks like a potential continuation with a bull flag.
ETHUSD - Possible path to 2600 USDInteresting to see if this continuation movement will be confirmed.
If yes, we may have ETH ATH to 2600 USD in coming weeks.
Good luck.
