GBP/AUD Trade Idea 2/24/2024We have 2 trade ideas for the upcoming trading week
Short trade: broken trendline and retested with a bullish candlestick closing on the trendline with a following bearish candle stick closing.
next clear support area should get tapped which i boxed up.
great risk to reward setup
Buy trade: If we break above the boxed zone where it broken the trend line and retested then we will look for buys.
Great risk to reward as well as the market should pull up 100+ pips on both buys and shorts.
i am personally looking for this Short all the way down to the support line i have placed.
G-money
GBP/AUD Long Trade Idea 100+ PIPSThis is my idea for next weeks trading.
Higher time frame we are at a support area.
when we look into lower time frame price structure respected the support and is making its way to the upside with HH and HL.
great risk to reward setup on this trade once we come down to this 15 minute support area we can place a buy with 1:5 or higher risk to reward setup.
Economy of the last 100 years resumed Gold and Purchasing PowerThis is just a simple observation of what happened with Gold in the last 100 years.
Here I show some important economic events highlighting the purchasing power with a red line.
When you open a GOLD chart, you can look at the trend and think that it had a very strong bull market during the last century. And you are right, it had a very strong one, but against your currency.
In reality, the value of GOLD has not increased that much. The purchasing power chart speaks by itself.
Most central banks are private entities that are not controlled by the governments of the countries.
From the chart, I can deduce that In a bank, you can keep the money, but not it's value.
What do you think about central banks, is a fair system? Write it in the comments.
If something of what I wrote here is not correct, please let me know.
USACAD, 4x but not 4x more like four and for and x and exTrends marked
Price Targets marked
All of these trends are fairly strong on their own
but it looks like this wants to head down before up
maybe to 1.08?
1.22 in the near term sound reasonable?
This chart was requested. I don't pay much attention to this chart so let me know if I'm missing something I'd normally pick up had I been monitoring this more frequently.
But, I think I got all the important trends and longer term price targets.
again, I was hesitant to draw a line, but I think it better shows the downside potential. I wouldn't follow it, I'd expect it to be incorrect, instead focus should be with the trends and price targets.
Aditya AMC quarterly result tradeAditya Birla Sun Life AMC Ltd the company of the old and prestigious Birla group has posted its best ever quarterly result with highest sales and net profit. The quarterly has profit has increased to 209 crore and its growth is supported by the accelerated growth of whole mutual fund industry. The target price is 700 for about 47% potential gain
It is a high potential company because of the following factors-
Return on capital employed >30
Debt to equity <0.1
Net profit preceding 12months >500
Net Profit latest quarter >100
Please do your own analysis before investing or trading.
Thank you and do like and follow if you like my analysis.
NRGU Oil TRENDS AND PRICE TARGETS900 is run up numbers on a trend breakout, but it will see resistance at 730.
Everything is marked. This is a longer term chart.
notice 630, 560 and 460
Those rejection trends are leading right towards those higher numbers.
gl
-n
Gold's Week Update , 2000$ ?Gold kicked off the week at high levels as it traded near $2,050 per ounce, buoyed by the Middle East conflict’s safe haven demand and stubborn market sentiment that rate cuts are coming sooner rather than later.
But as the shortened holiday week rolled onward, a steady diet of hawkish central bank comments and the absence of any energy boosts from geopolitics weakened investors’ appetite for the yellow metal.