huge gain candidate stockWith a bit long time frame in mind say about 2 years this stock can easily double from here, as in rounding bottom pattern breakout, there is a probability of 9/10, it working and reaching the targets. Therefore, your only problem is the ability to hold the stock for long term. also, the financials of the company are pretty good.
Longtrade
GBPCAD LONGA trade with the best entry point, the best R:R (1:13), the lowest risk and in the direction of the market trend.
In terms of fundamentals, due to the drop in oil prices and the impact on the Canadian currency, Mithian predicted that the British pound would become stronger.
Technical and fundamental shows growth.
Good luck.
#Nifty Expiry Levels for 10-08-2023#Nifty50 Expiry Levels for 10-08-2023
> If you're following these zones then kindly follow the rules too. Risk management, Position sizing, and Rules.
> This is my perception of the market so, kindly do your analysis to get more clarity on the market.
> These levels might help you guys. As per my view, I'm sharing it with you guys.
> This is not a blueprint to happen so, kindly do your own analysis along with my view. Thank you for your SUPPORT.
KSMUSDT long scenarioWe expect bullish move on KSM/USDT pair with targets up to $32.49
possible trading plan:
entry 22.45
stop 19.43
tp1 26.09
tp2 28.28
tp3 32.49
Some profit may be taken also on $24.12 and $27.4 levels.
Risk management: main idea is risking nothing more than 1.5% per trade, thus position size will be calculated using the formula:
(Account Size * (Max Risk % X 0.01)) / (Stoploss Price – Entry Price) * Entry Price = Position Size
Corn: Prepare to pop 🍿Corn has continued to sell off over the last few days and is now approaching our blue buy zone from USX 496 to USX 470. The downward movement in the form of the blue wave (b) should end there. Subsequently, we expect the blue wave (c) to rise to around USX 600, making it worthwhile for prospective buyers to place long orders in our blue buy zone. Our alternative scenario, with a 25% probability, occurs if the price falls further than we expect. In this case, a break of the support level at USX 474.25 would give it significant downside momentum that buyers should take note of.
GBPDKK Sideways Trading Strategy! 📈 GBPDKK Sideways Trading Strategy! 📉
Hello traders! 📊 Today, I'd like to present a compelling trading opportunity in the GBPDKK currency pair. The 1-hour chart indicates a sideways market, with no clear bearish or bullish trend. To make the most of this situation, I have devised two trade plans using buy stop and sell stop orders, targeting potential support and resistance levels.
📉 Trade Plan 1 - Sell Stop 📉
🎯 Entry: Below S2 at 8.6742
🛡️ Stop Loss: Above S1 at 8.6852
🎯 Take Profit: 1:1 at 8.6632
In this plan, we are looking to capitalize on potential downside movement from the current sideways range. The entry point below S2 suggests a bearish continuation, while the stop loss above S1 provides a safety net in case of a reversal. The take profit is set at 1:1, aiming for a reasonable target within the range.
📈 Trade Plan 2 - Buy Stop 📈
🎯 Entry: Above R2 at 8.7212
🛡️ Stop Loss: Below R1 at 8.7161
🎯 Take Profit: 1:1 at 8.7263
In this plan, we are seeking to profit from potential upward movement. The entry above R2 implies a bullish breakout, while the stop loss below R1 mitigates risk if the price retraces. The take profit is set at 1:1, providing a balanced reward-to-risk ratio.
It's important to note that trading in a sideways market carries inherent risks, and caution should be exercised. As always, I advise using appropriate risk management techniques and not risking more than you can afford to lose.
Good luck! 🍀 Happy trading! 📈💹
#GBPDKK #Forex #TradingStrategy #TechnicalAnalysis #SidewaysMarket
Technical Analysis: #EURNOK Sideways Trading Strategy!📈 Technical Analysis: #EURNOK Sideways Trading Strategy! 📉
Hey traders! 🌟 Today, I present to you a fascinating opportunity in the EUR/NOK forex currency pair. The 1-hour chart suggests that the pair is currently moving sideways, lacking a clear bullish or bearish trend. But fear not, as we can capitalize on this situation by employing two smart trade plans with buy and sell stop orders, targeting key support and resistance levels. Let's dive into the details:
Trade Plan 1: #SellStop 🛒
🎯 Entry (Below S2): 11.10542
🛑 SL (Above S1): 11.0691
🎯 TP (1:1): 11.0691
Trade Plan 2: #BuyStop 🛒
🎯 Entry (At R2): 11.24950
🛑 SL (Below R1): 11.20195
🎯 TP (1:1): 11.2970
The logic behind these trades is simple. For Trade Plan 1, we expect the pair to break below the S2 support level, triggering a potential bearish movement. The Stop Loss (SL) is set above S1 to manage risk, and the Take Profit (TP) level is placed at the same distance as the SL, aiming for a 1:1 risk-reward ratio.
On the other hand, for Trade Plan 2, we anticipate a bullish move if the pair breaches the R2 resistance level. The SL is placed below R1 to protect our investment, and the TP is set at the same distance as the SL, ensuring a 1:1 risk-reward ratio.
⚠️ Investment Advice: Remember, trading involves risk, and it's crucial to manage your positions carefully. Always use appropriate risk management techniques, such as position sizing and setting stop-loss levels, to safeguard your capital. Consider using these trade plans as a part of a diversified trading strategy and avoid risking more than you can afford to lose.
Trade with discipline and patience, and never let emotions dictate your decisions. Stay updated with the market developments and adjust your trades accordingly.
Good luck on your trading journey! 🍀💹
(Note: This analysis is for educational purposes only and not financial advice. Make sure to do your own research before making any investment decisions.) #Forex #TradingOpportunity #SidewaysMarket #TechnicalAnalysis #RiskManagement #TradingStrategies
GBPUSD LONG AHEAD OF FOMCRecently, the GBPUSD has been obviously bullish, marked by higher highs and higher lows in the daily time frame.
The last few days has given us a descent pullback to the confluence of June 5 trendline and the market structure (previous high).
GBPUSD found support at this confluence point bouncing off to print a bullish engulfing candlestick on daily time frame.
A pullback to the top of the falling channel (1.2850-1.2840) on 4hr time frame will offer bulls a long opportunity with a very good risk reward ratio.
SENS: Short-term Bear and Medium/Long-term BullSometime this week we may see the share price of AMEX:SENS drop to $0.78. Anything lower could indicate a drop out of the trend, but if it holds, a large profit could be made moving into August.
Using a combination of the following 3 scripts:
1. Advanced Price Direction Algorithm
2. DeQuex Algo
3. Moving Average Convergence Divergence
If all 3 give off a green/blue/green pattern, with the MACD barely starting to show a positive evaluation when it occurs, there is a high probability that the trend will continue upwards.
XAU/USD Prediction on 20.07.2023Acquiring gold as a long-term investment strategy has been a favored tactic among many investors throughout history. This precious metal is not just a symbol of wealth but also a time-tested store of value that has stood resilient even during economically turbulent times. If you're contemplating buying gold for a long duration, here's why it can be a prudent decision.
Inflation-Proof Asset
Gold has long been seen as an effective hedge against inflation. When fiat currencies lose their purchasing power due to rising general prices, gold typically appreciates. This feature makes it an appealing investment for those looking for long-term financial security.
Portfolio Diversification
Gold can add diversity to your investment portfolio, helping to mitigate risks associated with traditional equity and bond investments. Because gold often moves inversely to stock markets, it provides a cushion when markets fall.
Global Market Demand
Gold has a universal appeal and is in demand across the globe. Whether for jewelry, industrial uses, or by central banks and investors, the demand for gold remains steady, which can contribute to its price appreciation over time.
Long-Term Performance
Historically, gold has demonstrated a strong performance over the long term. Although it can fluctuate in the short term, over longer periods, gold's value has generally maintained an upward trend.
Crisis Commodity
Gold often performs well during periods of financial crisis and economic uncertainty, which can make it a smart long-term investment. In such times, investors typically flock to gold as a 'safe-haven' asset.
In conclusion, buying gold for an extended period can be a strategic move, offering protection against inflation, diversifying your investment portfolio, and serving as a safe haven during economic downturns. Always remember, however, that every investment comes with risks, and it's essential to do your research and consider your financial goals and risk tolerance before investing.
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