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GBP/JPY Trade Setup: Short Position on Rising WedgeI've identified a rising wedge pattern on the GBP/JPY hourly chart and have taken a short position based on this bearish formation. I'm executing this setup with two entries: First Entry: At the top of the rising wedge, with an entry at 189.520. Second Entry: On a confirmed break of the wedge, around the 187.93 area, based on an hourly close below the pattern. The rising wedge is often a precursor to a bearish reversal, and I'm positioning for a downside move. This two-pronged entry strategy allows me to capitalize on both the potential resistance at the top and the momentum if the wedge breaks to the downside. I'll continue to monitor the trade and update as it progresses.
Short
by CryptoHydro
BTC - Bullish continuation - Fall 2024I believe we will see a bullish continuation for Bitcoin in the coming fall of 2024. This prediction is supported by several key factors, including the anticipated rate cuts by central banks and an overall positive market sentiment. Historically, rate cuts have led to increased liquidity in the market, which often boosts the prices of risk assets like Bitcoin. Additionally, the growing institutional adoption and the maturation of the cryptocurrency market are likely to contribute to this bullish trend. Along with the US elections.
COINBASE:BTCUSDLong
by souledoule
High Time Frame 3 Drives Pattern down to OctoberNOPIUM I wanted to share a bearish thought that I think has merit whilst we are all talking about the new bull run to BTC at $250,000 by next week idea. The Blue lines - FIB TIME Purple lines - 3 Drives Pattern I'm hoping the rest is clear enough. FIB Time has been something I have used, ignored and then regretted before. Whilst nothing is a guarantee, In the past, it has given me dates within a few days of where it landed. This time, it's showing that IF we do start to grind down over the next couple of months, it ends somewhere around the 4th - 7th of October. Price Levels Untested resistance around $48,000 - $49,000 Above us right now, we have a weekly Order Block , the whole range Point of Control and the Value Area High not too far away. Coupled with the untapped Weekly level, I see this area as pretty good resistance until proven otherwise. Price levels: Somewhere between $67700 and $69000 If anybody has any thoughts, I'd love to hear them. Charted for BITGET:BTCUSDT.P
by turnandshoot
3
GOLD Trades Idea for Wednesday 15 July 2024DISCLAIMER This is not financial advice; you are trading at your own risk. Never risk more than you are willing to lose. Gold/USD (XAUUSD) Signal For 15 July 2024 SELL LIMIT Order: $2408.08 Stop Loss: $2418.56 Take Profit 1: $2397.84 Take Profit 2: $2384.23 Risk per trade: 0.5%. MT4/5 trade expiration: Today 100% mechanical strategy, zero analysis, zero guesswork. Rise and repeat day in and day out. Reason The first-hour candlestick closes below 21 EMA, hence our bias is to SELL. We will place 1x SELL LIMIT orders at 38.20%, stop loss at 0%, take profit 1 at 100% and take profit 2 at 127.20%. Trade Review For 12 July 2024 Manage to reach take profit 1! Shifted stop loss to breakeven to reduce risk. Let's continue to trade! P&L for the month: +6.3R 01 July: +0.5R 02 July: +0.5R 05 July: +1.6R 08 July: +1.6R 11 July: +1.6R 12 July: +0.5R & Running The year 2024 Trade Results January: +2.6R February: -1.3R March: +0.7R April: +4.10R May: +0.2R June: -0.2R
OANDA:XAUUSDShort
by Barry_Games_Trading
EURCAD BUY | Idea Trading AnalysisEURCAD is moving under the descending channel The chart is above the support level, which has already become a reversal point twice. We expect a rebound after the support is retested. We expect a decline in the channel after testing the current level which suggests that the price will continue to rise Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great BUY opportunity EURCAD I still did my best and this is the most likely count for me at the moment. ------------------- Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad ⚜️
Long
by TheGrove
7
Some Hopium for 2024 Cycle, Lets See How Well This Ages For FunComparing the 2 previous bull run cycles to the now current cycle using approximate scaling to compensate of overall size of each run. Notice the moving averages are relatively similar, also RSI, Stochastic and Aroon Indicators are in the same ballpark when considering scaling time for the higher capital size/price. Like most I felt we were further into the cycle but did consider the possibility if we were to drop and break the local parabolic curve we could just be setting up for a longer and larger bull cycle, especially since we had such an early start this time. Good hopium I suppose, and will see how good or bad this ages, will see if that scaling the chart will show some truth to my hypothesis, I am publishing this right after today's closing loss of the 200 MA on the Daily timeframe.
CRYPTO:BTCUSD
by SammyCasket
GOLD Trades Idea for Wednesday 26 June 2024DISCLAIMER This is not financial advice; you are trading at your own risk. Never risk more than you are willing to lose. Gold/USD (XAUUSD) Signal For 26 June 2024 SELL LIMIT Order: $2328.92 Stop Loss: $2337.41 Take Profit 1: $2320.68 Take Profit 2: $2309.72 Risk per trade: 0.5%. MT4/5 trade expiration: Today 100% mechanical strategy, zero analysis, zero guesswork. Rise and repeat day in and day out. Reason The first-hour candlestick closes below 21 EMA, hence our bias is to SELL. We will place 1x SELL LIMIT orders at 38.20%, stop loss at 0%, take profit 1 at 100% and take profit 2 at 127.20%. Trade Review For 25 June 2023 This trade almost ends in full profit! But nonetheless, I am happy with the partial profit as well. P&L for the month: +0.8R 03 June: +0.5R 04 June: +1.6R 05 June: -1R 07 June: -1R 14 June: -1R 17 June: +1.6R 18 June: -1R 20 June: +1.6R 24 June: -1R 25 June: +0.5R The year 2024 Trade Results January: +2.6R February: -1.3R March: +0.7R April: +4.10R May: +0.2R
OANDA:XAUUSDShort
by Barry_Games_Trading
$SPBE has a huge potential for coming back to the fair priceI see that the recent MOEX:SPBE investors distrust slowly but surely returning to the expectations of the better future of this instrument. We are observing creation of the double bottom graph as well as of the baseline arrangement for the next two-steps raising moving. Potential is to take about 40-50% in 1 month and about 100% during next 3-6 months (depends of scenario). Does not constitute a recommendation. #furoreggs #investing #stocks #shares #idea #forecast #trading #analysis If you want to discuss, please subscribe and challenge this point of view )
RUS:SPBELong
by furoreggs
1
GOLD Trades Idea for Friday 21 June 2024DISCLAIMER This is not financial advice; you are trading at your own risk. Never risk more than you are willing to lose. Gold/USD (XAUUSD) Signal For 21 June 2024 BUY LIMIT Order: $2342.21 Stop Loss: $2327.52 Take Profit 1: $2356.66 Take Profit 2: $2375.88 Risk per trade: 0.5%. MT4/5 trade expiration: Today 100% mechanical strategy, zero analysis, zero guesswork. Rise and repeat day in and day out. Reason The first-hour candlestick closes above 21 EMA, hence our bias is to BUY. We will place 1x BUY LIMIT orders at 38.20%, stop loss at 0%, take profit 1 at 100% and take profit 2 at 127.20%. Trade Review For 17 June 2024 This trade managed to reach the final take profit! Trade Review For 20 June 2024 Finally! This trade reaches both take profit levels within short few hours! To be honest, I was lucky that I managed to get into this trade before the pump. P&L for the month: +1.3R 03 June: +0.5R 04 June: +1.6R 05 June: -1R 07 June: -1R 14 June: -1R 17 June: +1.6R 18 June: -1R 20 June: +1.6R The year 2024 Trade Results January: +2.6R February: -1.3R March: +0.7R April: +4.10R May: +0.2R
OANDA:XAUUSDLong
by Barry_Games_Trading