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Continuation

AAL: Invisible BreakoutAAL made quite the move during the nights of April 23rd and April 26th, and that move was a gap up above the downtrend, with an open at $21.46 and a close at $22.00. This invisible move is very bullish, as AAL was in a downtrend for about a month and now the gap up has broken the trend. We failed to break $22, and are now ranging between $21.64 - $21.06. However, before we get too excited for a continuation, I presume the gap will be filled ($21.21-$21.46), as we gapped through a pretty major price level, as previously mentioned. Statistically speaking, gaps have about a 91% chance of being filled according to bioequity.org. Once this level has been cleared, I anticipate a continuation of the breakout by breaking out of the established range and continuing to the upside, as bullish sentiment for AAL will continue to be fueled due to reopening optimism.
NASDAQ:AALLong
by ZaviStocks
Target hit on $/JPY for 8.6R, now playing the last leg downAfter a strong up move momentum slowed down with bearish divergence. However I dont enter bearish divergence unless its double top/bottom. First opportunity to short was a classic swing around 50 MA. Added two more positions on swings pullback. All out at 1107.70 for total of 8.6R profit. Now playing the last potential leg down to at least retest the previous low. Entry 108.65-60 SL a09.12 target 107.70 for around 2R trade. after that we most probably will get trend reversal either in the form of double bottom or up swing where we can play the upside
Short
by mzxcvbn12nozxcvbn12
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
OANDA:XAUUSDLong
by GoldSignalsIO
2
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.
Long
by PULEMokhothu
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.
Long
by PULEMokhothu
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
Short
by Akil_Stokes
3
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.
KRAKEN:ADAUSDLong
by zac_destroys_all
2
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.
Long
by zac_destroys_all
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.
T
by Libratus
2