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Higherhighs

USDCAD: Bullish ContinuationHello, Traders! USDCAD is fun to trade. There has been so many good opportunities for long entries this month and I expect the uptrend to continue. I prefer to go long in an uptrend and short in a downtrend rather than looking for short and long entries in the same chart. It has been safer this way and that's how I think unnecessary losses can be avoided. If you are a beginner like me I recommend you to do the same as it works perfectly for me. Good luck!
Long
by cnesrin
Doge @0.696969Hello traders! 0.69 is the figure that I was hearing from a month where traders wanted the doge Price to go, I don't know how it moved exactly at that point but one thing we can see that the psychology of traders can move the price up and down easily with perfect figures. Now I think this top will remain for a little longer once it breaks the bottom trendline then it will go for the peak again. Be careful trading Doge as it is a very wild Pair. don't forget to hit the like button and follow to stay connected.
Short
by Aadil1000x
17
Possibly a rising wedge for GLXY?Regardless of the type (reversal or continuation), rising wedges are typically bearish patterns, even if only temporarily. Bearish confirmation of the pattern does not come until the support line is broken in a convincing fashion. Once support is broken, there can sometimes be a reaction rally to test the newfound resistance level. Ideally, the volume will decline as the price rises & the wedge evolves, however, the volume has seen an increase & currently GLXY is breaking the blue sloping resistance of the wedge pattern to the upside! That's the Bitcoin effect lol? On the KST there may be a bullish cross about to happen in the near term, a few more trading days will provide a better indication of which way the trend is heading. The RSI is displaying higher lows & higher highs since early December. The DPO is at an all-time high currently, if there's any pullback it would be ideal if the blue line held as support before continuing upward, and if not it'll likely act as resistance & the trend may be reversing, only time will tell.
TSX:GLXY
by ScotianBot
1
QNT Breaking Out?My Fellow Crypto Traders, Appreciate you taking the time to view my analysis which I hope you may find beneficial. Please be sure to “LIKE” if you indeed find my analysis useful and/or find my analysis intriguing. Cheers & Happy Trading! ------------------------------------------------------------------------------------------------------------------------------------------------- QNT developing a bullish rising wedge structure. @ this levels could be a good entry position if upward trend holds and we see a continuation to the upside with QNT making higher lows.
BITTREX:QNTUSDLong
by AB_Trading-Intelligence
WHY DID THE BULLISH CONTINUATION MOVE FAIL?What does "End of Month Square Up" mean. A square position is a situation where a trader or portfolio has no market exposure. ... The reason for this confusion is that the term "squaring up" is used to describe settling open trades before the market closes. A square position is also referred to as a "flat position." Square position, like many trading terms, can take on a different nuance depending on the speaker. For an individual forex trader, a square position can refer to offsetting long and short positions in the same currency pair or a situation where a currency trader holds no positions in the market. The reason for this confusion is that the term "squaring up" is used to describe settling open trades before the market closes. Squaring usually refers to just a few positions, but a trader could close out all of his open positions and get out of the market. The "Market Makers" can use this trading principle as they move the market. E/U had a Bullish Trend which became a consolidated range. Price had a Bearish Breakout of the Range bottom which failed. Price created Higher Highs and Higher Low making it appear a Bullish Continuation move was happening. This drew in long traders leaving behind lots of money tied up in Stop Losses. The Market Makers can tell where the most money is tied up on the Long side or Short Side. It seems to appear that the Market Makers made the Bullish Continuation Reversal fail and took out the Stop Losses at the Higher Low entry point and also the 50% reversal entry point. All of this happening the last few days of the End of the Month of October. Could this be an example of the "END OF MONTH SQUARE UP?"
Education
by Tradingstrategyguides
TSLA: Is the bull trend back?Hello traders and investors! Let’s see what’s going on with Tesla now! As we discussed last week, Tesla is now in bull territory, as it is trading above the $ 408 again (red line). The false breakout didn’t occur, and the idea of a Dead Cat Bounce is off the table, at least in the short-term. Now, the momentum is bullish, and as long it keeps doing higher highs/lows , the situation is fine in the hourly chart, and the $ 461 is the natural target for this movement. Also, it is important to stress that the $ 408, along with the 21 ema, are now supports for Tesla. Let’s look at the daily chart: Today’s movement is not exclusive to Tesla, as Nasdaq Composite, S&P500 and DJIA are all going up nicely today. And it seems Tesla is following the NDX, since it lacks other drivers to move the stock’s price. The bulls lost a lot of their strength if we aim for the mid-term, and this could make things complicate for Tesla’s stocks. Therefore, the hourly chart is a better guide right now. Either way, Tesla is trading above the 21 ema again, and it seems we have an Island Reversal chart pattern here. Also, if you liked this idea, please, support it! And follow me to keep in touch with my daily analyses. Let’s keep monitoring Tesla! It seems the market is moving erratically, and we must be careful in such complex situation. Have a great Monday.
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
27
Bullish Flag breakout for DKNG??It appears as though DKNG is breaking out of a bull flag, very interesting bullish cross on the KST. The first green finger on the KST back in April is what we want to see happen again, not like the red finger icon in July which basically resulted in choppy trading. Higher lows on the RSI and it's looking like a higher high is going to occur in the near term. Overall a few bullish indicators, add to the fact Michael Jordan Joins DraftKings as a Special Advisor to the Board and there's sentiment for upside price action.
NASDAQ:DKNGLong
by ScotianBot
EURCAD Buy IdeaD1 - Price reached the bottom of the range, price has created double bottom with bullish divergence. We may now expect further continuation towards the top of the range. H4 - Bullish divergence on the MACD histogram and moving averages, price has also created higher highs. Currently it looks like a pullback is happening, we may now look for bullish evidences in the form of candle stick patterns, false breaks, trend line breakouts, etc.. in order to join the buys.
Short
by VladimirRibakov