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GBPCAD BEARISH FOR 120 PIPSRisk-to-Reward Ratio: You're looking at a risk-to-reward ratio of approximately 1:2.4 (120 pips reward to 50 pips risk), which is generally favorable as it allows for larger potential profit relative to the risk. Technical Analysis Setup: Downtrend Confirmation: Check for confirmation of a downtrend by observing a series of lower highs and lower lows. You could also use moving averages (such as the 50 EMA and 200 EMA) to see if the price is below them, which would reinforce the bearish outlook. Support and Resistance: Look for any major support levels around the 120-pip target. This will help confirm that price could reach this level without major barriers. Key Indicators: Use RSI or MACD to confirm any overbought conditions, which would indicate the potential for further downside. Entry Trigger: To increase your trade's precision, consider entering on a lower timeframe if there is a bearish engulfing candle, pin bar, or any other strong bearish price action. Volatility and Timeframe: Ensure you're entering during a high-volatility period (such as a London or New York session overlap) if looking for a quicker move. GBP/CAD can be quite reactive to news from the UK or Canadian markets. Managing the Trade: As the price approaches the 120-pip target, consider scaling out or adjusting your stop loss to secure profits while maintaining some exposure in case the trend continues further down.
Short
by LORDOFTHETRADERS
We continue to go long on gold todayGold continued to close strongly and stabilized at 2740. From the current market, gold bottomed out and rebounded, the bullish trend remains unchanged, and there is still room and demand for further rise. Today, gold focuses on the support below at 2731. If it falls back and relies on this support, it will continue to go long! Gold fluctuates back and forth at high levels. Gold has not been persistent recently and has been fluctuating at high levels. The 1-hour chart fluctuates at high levels. It is not meaningful to chase more now. The resistance space of gold's previous historical highs is limited. If gold breaks through the resistance of the historical highs, then it will fall back and go long. If the resistance of the historical highs is under pressure, then gold does not rule out another high and fall back, and continue to fluctuate, waiting for Friday's NFP data to find an opportunity to break through. Trading strategy: Today, pay attention to 2735~2731 for support and go long. We continue to be bullish on gold today and be cautious about shorting.
OANDA:XAUUSDLong
by Jun-goldFX
1
Buy Trade Strategy for GOLD: Leveraging Safe-Haven and InflationDescription: This trading idea focuses on GOLD as a buy trade option, leveraging its historical role as a safe-haven asset during periods of economic volatility. Gold has consistently proven to be a resilient store of value, especially during inflationary pressures and geopolitical uncertainties, where it can offer portfolio protection against currency depreciation. With growing concerns over global inflation, currency fluctuations, and financial instability, gold remains a compelling choice for investors seeking stability. Given its unique position, gold benefits from consistent demand from both institutional and retail investors, especially during periods of heightened economic uncertainty. However, it’s essential to consider that while gold often acts as a hedge, its price can still be impacted by external factors such as interest rates and changes in government policies. Disclaimer: This trading idea is intended for educational purposes only and does not constitute financial advice. Investing in gold involves inherent risks, including price volatility. Always conduct thorough research, consider your financial circumstances, and consult a professional advisor before making any investment decisions. Past performance is not indicative of future results.
TVC:GOLDLong
by MoonTradingForecast
Buy Trade Strategy for TREMP: Unlocking Potential in Blockchain **Descrizione**: This trading idea is focused on **TREMP**, a cryptocurrency that prioritizes enhancing blockchain security. Positioned as a pioneer in security solutions, TREMP’s unique approach addresses critical vulnerabilities that frequently arise in decentralized systems, making it a valuable asset within the broader crypto ecosystem. As more investors and developers seek robust security protocols, TREMP is well-poised to see increased adoption due to its capacity to mitigate risks in digital transactions, data storage, and identity management. TREMP’s strong foundation, alongside strategic partnerships and expanding utility, adds weight to its long-term potential. However, the cryptocurrency market is notably volatile, and several external factors, including regulatory shifts, can impact TREMP’s value. Hence, maintaining a strategic approach when investing in TREMP is essential. **Disclaimer**: This trading idea is presented for educational purposes only and should not be taken as financial advice. Cryptocurrency trading is highly speculative and involves significant risks, including the potential for a complete loss of capital. Always perform comprehensive research, assess your financial circumstances, and seek guidance from a financial advisor before making any investment decisions. Past performance is not indicative of future results.
Long
by MoonTradingForecast
October 28 Bitcoin Bybit chart analysis Hello It's a Bitcoinguide. If you have a "follower" You can receive comment notifications on real-time travel routes and major sections. If my analysis is helpful, Please would like one booster button at the bottom. Here is the Bitcoin 30-minute chart. There is no separate Nasdaq indicator announcement today. There are Nasdaq variables, and I was very worried because the short-term pattern was broken. *Red finger one-way long position strategy. 1. 68,242.5 dollars long position entry point / cut-off price when the green support line is broken 2. 69,812 dollars long position 1st target -> good 2nd target The purple finger section at the top is important because it can be connected to an upward trend. When operating a short position, operate at a cut-off price when the orange resistance line is broken and if this section is broken, it is a vertical rise. Purple finger 69K short -> red finger 68.2K long strategy Is this the minimum wave for it? Up to this point, I ask that you simply use my analysis for reference and use only. I hope that you operate safely with principle trading and stop loss prices. Thank you.
BYBIT:BTCUSD.PLong
by BitCoinGuide
2
MANTRA’s Massive OctoberWhat a month so far for MANTRA! 👇👇👇 🔹 The #MANTRA mainnet just went live, opening up the future of real-world asset (#RWA) tokenization. 🔹 Big moves happening — NASDAQ:OM holders can already stake, bridge, and more right from day one. 🔹 Key partnerships are shaping up, making this even more exciting for the RWA space! 🔹 All this in just the first half of October… and there’s more to come. This is a project for the long haul — NASDAQ:OM just keeps on delivering. #Binance #CryptoNews #OM #Tradesmarter
Long
by jasonturneerr
QUESTION 2SUBJECT: INVITATION TO A SUBSTANCE ABUSE SEMINAR The Department of Health will be visiting the college to educate students about substance abuse. This decision was influenced by the rapidly rising number of substance abuse cases and the associated health and socio-economic burdens in South Africa. Remember, substance abuse is a contributing factor to health-related conditions such as death, injuries, violence, HI/AIDS, tuberculosis and chronic diseases like cardiovascular disease, cancer and mental disorders. Being there will helps you learn as much as possible to avoid such a situation and enable you to support a friend who is already in danger. The speaker will address the following questions/topics and distribute pamphlets: 1. What is Addiction 2. The different types of addiction 3. How can you tell when someone is addicted 4. The effects of addiction 5. Organisations you can go to for help
by Thapelo_Mlangeni
If you are uncertain, put your holdings in a stable coinIf you have been holding for a long period of time and you're uncertain of where the markets will swing due to the elections, the safe thing to do is sell your holdings into a stable coin, then wait for the markets to stabilize before getting back in Also, if you plan on riding the swings of the volatile market remember to put your system first and your emotions second. There's nothing more disheartening than making big losses during a bull run
by Blayno_MTOPS
BANKNIFTY KEY LEVELS FOR 29/10/2024//@description // All credit goes to Tony for the concept of this indicator. His Trading View link: www.tradingview.com // Note: The calculation method in this indicator differs from Tony's, but the concept is derived from his work. **Explanation:** This trading system helps you avoid blind trades by providing confirmation for better entries and exits. It considers volume, past prices, price range and indiavix. **Entry/Exit Points:** - **Entry/Exit Lines:** Use the BLACK line for long trades and the RED line for short trades, based on confirmation from your trading plan. - **Stop Loss:** For long trades, set the stop loss at the RED line below. For short trades, set it at the BLACK line above. - **Take Profit:** For long trades, target the next RED line above. For short trades, target the next BLACK line below. **Timeframe:** Use a 5 timeframe for trading. **Risk Disclaimer:** This setup is for educational purposes. I'm not responsible for your gains or losses. Check the chart for more details.
NSE:BANKNIFTY
by nandupk