EUR CHF Momentum to the upside starting now!
This pair should keep Wednesday trading volatile at least in the currency markets.
EUR looks to be making a bigger move upwards and that could be starting today.
* For education and illustration purposes. Trading is risky.
* Advice-Consider smaller lot size. It can make you bigger money in a trade because it can keep you in a trade for much longer. Longer duration of trade is often where the bigger money is made.
Longsetup
Apple: Entry, Volume, Target, StopEntry: above 237.23
Volume: above 51.91M
Target: 250.84 area (this is an area, no guarantees, you should be selling on the way up)
Stop: Depending on your risk tolerance; Based on an entry of 237.24, 230.44 gets you 2/1 Reward to Risk Ratio.
This LONG swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not enter a trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
XAU is up strongly! 2640XAU / USD trend forecast September 24, 2024
On Monday, Fed regional presidents noted rising risks in the labor market but opposed a 50 bps rate cut, signaling a cautious approach for future meetings. This slowed the XAU/USD rally. However, escalating tensions between Israel and Hezbollah, with the US sending more troops to the Middle East, could boost Gold prices as risk appetite declines.
Based on M45, NEW ATH to set up SELL signal
/// SELL XAU : zone 2639-2642
SL: 2647
TP: 50 - 150 - 250 pips (2617)
Safe and profitable trading
Most were sidelined for the first 143D & most will miss the nextTick tock, tick tock…
That’s the sound of the next 143 days counting down. Most were sidelined for the last 143, and most will miss it again. The chart needs no explanation—this is the last cycle before regulation finally stifles all opportunity for the working class to change their fortunes. Don’t sit on the sidelines wishing, ‘what if…
SOLUSDT: Increase while the price is still decreasing?Currently, SOLUSDT is trading within a descending channel, with significant selling pressure keeping it in check. From the chart, we can clearly see the strong support zone (super support) between $120-$130, which has been a key level where SOLUSDT has bounced multiple times in the past.
At this point, it’s likely that SOLUSDT may continue to correct and test this support zone again before making a stronger move upward. The resistance around $180 has yet to be broken, indicating that the longer-term downtrend remains intact. If SOLUSDT fails to break the descending channel, we could see further downside movement towards the support zone before a potential rally.
Forecast: SOLUSDT is likely to experience a slight pullback towards the support zone before possibly gaining momentum for a bullish rebound.
Market sentiment and macroeconomic news will continue to influence this trend, especially as the cryptocurrency market faces ongoing volatility. Stay alert for any developments that might shake up the charts!
ENGINERSINHi guys,
In this chart i Found a Demand Zone in ENGINERSIN CHART for Positional entry,
Observed these Levels based on price action and Demand & Supply.
*Don't Take any trades based on this Picture.
... because this chart is for educational purpose only not for Buy or Sell Recommendation..
Thank you
PRAKASHHi guys,
In this chart i Found a Demand Zone in PRAKASH CHART for Positional entry,
Observed these Levels based on price action and Demand & Supply.
*Don't Take any trades based on this Picture.
... because this chart is for educational purpose only not for Buy or Sell Recommendation..
Thank you
TSM: Entry, Volume, Target, StopEntry: above 175.45
Volume: above average
Target: 197.89 area (this is an area, no guarantees, you should be selling on the way up)
Stop: Depending on your risk tolerance; Based on an entry of 175.46, 167.96 gets you 2/1 Reward to Risk Ratio.
This LONG swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not enter a trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
VELO - Waiting for the PERFECT RetestI’m giving it another shot. I’m confident the last setup was solid, but I got a bit greedy with my entry. If the price doesn’t dip further from here or before Tuesday/Wednesday, I’ll abandon the idea since there’s significant strength in this one.
I’m aiming for a retest at that crucial level for a better entry. I’ll have to wait and see if the market offers this opportunity or if it moves on without me once again. $VELO
Gold 1H Analysis: Bullish Reversal at Key Support ZoneGold has found solid support at a critical price level on the 1H timeframe. This support coincides with the lower boundary of the FIB cloud, which often acts as a dynamic support zone in trending markets. The recent price action indicates a potential reversal from this level, suggesting an opportunity for a long position as buyers step in.
Technical Setup:
• Support Zone: The price has reacted positively at the lower edge of the FIBcloud indicating a possible bottoming pattern in the short term.
• Candlestick Formation: A bullish engulfing pattern has formed at the support area, reflecting increased buying interest and potential upward momentum.
• Trend Analysis: The broader trend remains bullish, and the current pullback to the support zone provides a low-risk entry for continuation higher.
Trade Idea:
Entry: Initiate a long position at the current price level around the support zone. This entry point is supported by strong technical confluences, enhancing the probability of a successful trade.
Target:
• Primary Target: Aim for the previous resistance level around 2,623, where the price is likely to encounter the first significant barrier.
• Secondary Target: A further target can be set higher around 2,626, aligning with a major resistance level or a previous high.
• Stop Loss: Place the stop loss just below the identified support area and the recent low around 2,610. This placement minimizes risk and prevents premature exit if there is slight volatility.
Fundamental Justification:
• Gold’s recent retracement is largely driven by a short-term profit-taking scenario, despite a favorable macro backdrop for safe-haven assets. Continued concerns over global economic uncertainties and potential dovish signals from central banks are likely to support further upside.
• Upcoming data releases and geopolitical developments should be closely monitored, as any significant shift could accelerate the movement towards the upper targets.
Risk Management & Trade Adjustments:
• If the price decisively breaks below the current support zone, exit the trade and look for new setups. This would invalidate the current bullish outlook and signal a potential shift in market dynamics.
• Consider trailing the stop loss as the price moves in favor, securing profits while allowing for further upside movement.
Conclusion:
This long position on Gold capitalizes on a well-established support level and bullish market structure. With a favorable risk-to-reward ratio and supportive technical indicators, this trade offers an attractive setup for those looking to capture the next leg higher in Gold’s price action. Remain vigilant for any fundamental changes that could impact the trade.
Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
ACGL: Entry, Volume, Target, Stop (LONG & SHORT Ideas)LONG IDEA: (shown on chart)
Entry: greater than 114.65
Volume: greater than 1.125M
Target: 129.34 area (this is an area, no guarantees, you should be selling on the way up)
Stop: Depending on your risk tolerance; Based on an entry of 114.66, 109.77 gets you 3/1 Reward to Risk Ratio.
This LONG swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not enter a trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
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SHORT IDEA: (not shown on chart)
Entry: lower than 108.77
Volume: greater than 1.308M
Target: 104.50 area
Stop: Depending on your risk tolerance; My stop would be no higher than 111.87 (the high on 9/11), but absolutely no higher than the previous high of 114.65.
This SHORT swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not enter a trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
FET long setup if you missed the first oneWe see a resing wedge that broke below. The target from that is little above 0.5 fib. There is also a orderblock. If you missen the previous fet entry i posted. You may get a second chance. FET is strong and the target will be 2$ or even little above.
Please feel free to share your opinion in the comments. Thanks.
Happy trading. Cheers!
UNFI/USDT LONG TRADE SETUP!!Hey everyone!
If you're enjoying this analysis, a thumbs up and follow would be greatly appreciated!
UNFI looks good here. It broke out from the cup and handle pattern in a 4-hour and did a successful retest. Long some here and add more in the dip.
Entry range:- $2.72-$2.76
Targets:- $2.86/$3.02/$3.13/$3.3
SL:- $2.63
Lev:- 5x-10x
IOTX ANALYSIS📊 #IOTX Analysis
✅There is a formation of Descending Channel Pattern in 3d chart with a breakout🧐
Pattern signals potential bullish movement incoming after the confirmation of breakout and a small retest📉
👀Current Price: $0.04400
🚀 Target Price: $0.08060
⚡️What to do ?
👀Keep an eye on #IOTX price action and volume. We can trade according to the chart and make some profits⚡️⚡️
#IOTX #Cryptocurrency #TechnicalAnalysis #DYOR
IDEAFORGE TECHNOLOGY LONG TERM VIEWIDEAFORGE TECHNOLOGY LTD is forming a Double Bottom Pattern and a channel pattern within the double bottom formation as well.
Entry is given at 712
Stop Loss is given at 556
Targets are as follows:
Target 1-886
Target 2-1056
Target 3-1260
Target 4-1345
(These targets will be achieved within 2 years from the date of entry)
NOTE:- This view is purely based on Technical Analysis and is for educational purposes only.
Please consult your Financial Advisor Before taking any trade.