Get started

Lowrisksetup

AUDNZD - Bearish Breakout with 1:3 Setup on 4HrTaking a look at the 4h timeframe, we can see price action broke and held below the ascending trendline. For me this indicates potential topping action. This pair is also heavily overbought on the daily timeframe so a correction at this point shouldn't be too much of a surprise. Cooper prices also continue to get slammed which may contribute to some Aussie weakness. Further more, we don't have any further major economic reports on the docket this week for either NZD or AUD which may cause this pair to correct. The Australian dollar does tend to have a correlation as a Risk-On currency with US equities. Today in the US session we saw both the Dow and SPX lose some of it's bullish momentum. Trade Safe!
Short
by Michael_Harding
2
$HWM is forming a nice pivot. Can it move higher from here?Notes: * Strong up trend since 2020 * Great earnings in the recent quarters * Basing for the past ~14 months * Recently bounced off historical highs around $31 * Forming a nice and tight pivot area around $35 * Offering a very low risk entry * Showing signs of strength and accumulation Technicals: Sector: Industrials - Specialty Industrial Machinery Relative Strength vs. Sector: 1.33 Relative Strength vs. SP500: 1.31 U/D Ratio: 1.74 Base Depth: 33.89% Distance from breakout buy point: -4.99% Volume 8.49% above its 15 day avg. Trade Idea: * You can enter now as it's trying to break above the $35 resistance level * Or you can wait for a clear break above it before entering * If you're looking for a lower entry you may find one around the $34.3 area as that's the bottom of the tight range * This stock usually has local tops when the price closes around 10.23% above its 50 EMA * Consider selling into strength if the price closes 10.03% to 10.43% (or higher) above its 50 EMA * The last closing price is 3.69% away from its 50 EMA
NYSE:HWMLong
by HaseebKhan_90
3
CAKEUSDT in Buy Zone Area! [Low-risk Setup]Good day, TradingView fellows! I believe $CAKE is testing its support recently. The good buy zone is at $9 to $13. I am anticipating it will hit $18 in the short-term, $24 in the medium-term and $39 in the long-term. This analysis is suitable for swing traders and long-term traders. Entry: $9 - $13 TP 1: $18 TP 2: $24 TP 3: $39 The idea published is not a financial advice. The content of this idea is solely the opinion of me who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. This does not guarantee any particular outcome. Always DYOR (Do Your Own Research) and trade at your own risk. Let me know your insights in the comment section. Give this work a thumbs up if you appreciated my analysis. Smash that follow button for more upcoming low-risk setups! Thank you so much in advance. Good luck, Alexis
Long
by alexisdelayola
2