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7 Dimensions Idea for BUY Gold CORE Analysis Method: Smart Money Concept 😇 7 Dimension Analysis Time Frame: H1 1️⃣ Swing Structure: Bullish 🟢 Structure Behavior: Break of Structure (BoS) 🟢 Swing Move: Impulsive 🟢 Pull Back: 2 🟢 Internal Structure: Bullish 🟢 External Order Block (OB): Mitigated 🟢 Support & Demand: Start Accumulation from discounted area 🟢 Time Frame Confluence: H4 and H1 POI 2️⃣ Pattern 🟢 CHART PATTERNS: W pattern formed at major swing Continuation: Falling Wedge with proper breakout and retest, aligning with the breakout level and Fair Value Gap (FVG) level, making this area a high-probability POI for buyers 🟢 CANDLE PATTERNS: Record Session Count (RSC) detected, indicating a correction towards 2404 Long wick candle at the bottom of RSC indicates bullishness Engulfing and Kicker Sash patterns indicate bullish control at 2403 3️⃣ Volume 🟢 Volume during Correction: Dried up but now showing good volume as price moves upward 4️⃣ Momentum 🟢 RSI: Indicates full bullishness according to Grandfather Father Strategy 5️⃣ Volatility Bollinger Bands 🟢 Middle Band: Supported, contraction during retracement indicating potential range formation 🟢 Band Puncher: Lower band puncher indicates bullish strength 6️⃣ Strength According to ROC: Bullish 7️⃣ Sentiment: Bullish ✔️ Entry Time Frame: 5 minutes ✅ Entry TF Structure: Bullish with 5-minute swing liquidity sweep ☑️ Current Move: Impulsive in entry time frame ☑️ FIB Trigger Event: Triggered ☑️ Trend Line Breakout: Done 💡 Decision: Buy 🚀 Entry: 1st entry at 2406, 2nd entry at 2397 ✋ Stop Loss: 1st at 2399, 2nd at 2391 🎯 Take Profit: 2441 😊 Risk to Reward Ratio: 7.5 🕛 Expected Duration: 2 days SUMMARY This analysis identifies a bullish swing structure on the H1 time frame with a proper BoS and impulsive moves. The internal structure remains bullish, supported by a mitigated external OB and accumulation at the discounted area. The pattern analysis highlights a W pattern and a falling wedge breakout with a retest, positioning this area as a high-probability POI for buyers. Candlestick patterns further confirm bullish control, supported by favorable volume and momentum indicators. The sentiment is bullish with key indicators such as RSI and Bollinger Bands supporting an upward move. Entry points are identified at 2406 and 2397 with respective stop losses and a target take profit at 2441, providing a risk to reward ratio of 7.5. The expected duration for this trade setup is 2 days, contingent on continued bullish momentum and price behavior as outlined.
OANDA:XAUUSDLong
by Optimum369
NOW is a buy after a down tech stock day LONGNOW is on 15 minute chart with a volume profile overlaid and relative volume and volatility indicators below the chart. NOW had a good earnings beat late January. It is halfway to the next earnings. I think right now software stocks are hotter than hardware/ networking stocks. NOW got dragged down by technology headwinds into its support and the fall got rejected by buyers near to the close of the regular market hours. The lower VWAP bands are confluent with the support zone and confirm deep oversold and undervalued stock price. I believe this is excellent for a long trade perhaps lasting until the run-up before earnings is 6-7 weeks through the buy of a small lot of shares or a call option expiring at the May or June monthly in the range of $750 ( OTM). This will complement existing positions in CRM CRWD and PLTR.
NYSE:NOWLong
by AwesomeAvani
A Novice's Handbook to Trading Triumph ----- 🙏 In an era where financial landscapes evolve rapidly, venturing into the dynamic domain of foreign exchange (Forex) trading need not be an intricate odyssey. This novella of wisdom unveils the rudiments, steering you through the intricate labyrinth of setting up your financial fortress, handpicking the tools of the trade, deciphering the enigmatic timelines, and sculpting entry strategies with the finesse of an artisan. Navigating the Terrain of Account Setup: Your journey commences by selecting the sturdy vessels of financial exploration, the likes of Coinbase, revered for transmuting mundane currency into the futuristic realms of cryptocurrency. Navigate the seas of connectivity, tethering your accounts to the steadfast anchors of Visa, Mastercard, or the versatile iDeal. Venture further into the undiscovered territories with a seasoned guide – Tradersway, an oracle in the realm of brokers, beckoning with bespoke options for an authentic trading saga. Sculpting the Trading Landscape: Platforms and Tools as Your Artistic Palette Forge your path with MetaTrader 4 (MT4), the canvas for your live trading masterpiece. Unveil the ethereal allure of a Virtual Private Server (VPS), akin to a mythical power-up, enriching your automated trading endeavors. Wander into the meadows of TradingView, where user-friendly charts bloom, and ideas spring forth from a convivial community of traders. Consider wielding the nNouSign indicator, a magical wand for crafting diverse trading strategies. Chronicles of Time: Timeframes for Poetic Analysis For decisions swift as the flutter of a butterfly's wing, gaze upon the 5-minute (5M) and 15-minute (15M) charts, where markets pirouette in perpetual rhythm. Should your ambitions soar higher, ascend to the 1-hour (1H) chart, where profit potential unfurls like a tapestry woven with the threads of time. Crafting Entry Strategies: The Artistry of Navigating Waves In the realm of 5M and 15M, embrace the mystique of the nNouSign indicator on TradingView, intertwining with the 21 Linear Weighted Moving Averages (MA) on the sacred grounds of MT4. Enlist the Williams Percent Range (WPR) at 40, a beacon illuminating shifts and retests. Draw lines, as an artist sketches contours, on both your chart and the WPR canvas for heightened insights. Decipher the harmonies between MA and WPR, directing the symphony of buying and selling. Set the crescendo with Take Profit (TP) at favored peaks or where echoes of prices linger in the corridors of time. The sonnet of 1H unfolds with kindred strategies, casting TP anchors where your heart desires or where the echoes of prosperity resonate. Anticipate the ballet of trends, choreographed by the highs/lows of yesteryears or the harmonious convergence of MA and WPR. Risk Management: Navigating the Seas of Uncertainty As the helmsman of your financial vessel, chart the waters of risk with sagacity. Know the depths you are willing to plunge for the elusive treasures of profit. Let stop-loss orders be the vigilant guardians against tempests, strategically placed to avert colossal losses. For instance, on a £300 expedition trading XAUUSD with a 1:500 leverage, let the StopLoss, a guardian set at 200 pips, stand steadfast at 1987.00 for a buy trade anchored at 1989.00. As you navigate, survey the constellations of currency pairs—those that pirouette in unison and those that waltz in opposing directions. Educational Alchemy: The Chronicles of Wisdom Embark on an odyssey through the scrolls of easily decipherable Forex education platforms. Join the symposiums of Forex communities, where sages share their sagas and novices glean the pearls of insight. Chronicle your journey, the trials, and the triumphs in the scrolls of a journal, an atlas mapping the uncharted territories of your evolving knowledge. Epilogue: 🌹 In the grand tapestry of Forex trading, the loom is not as daunting as it may seem. Armed with the artisan's tools, weave your narrative, learning with every stroke of the quill. Navigate the seas of risk with the astuteness of a seasoned mariner, adjusting your course with each gust of the trading winds. In the realm of Forex, the adventure unfolds not as a tumultuous tempest but as a voyage guided by the stars of knowledge. Bon voyage, intrepid trader! May your odyssey be as prosperous as the markets are ever-changing. ----- ❣️
OANDA:XAUUSDEducation
by ATU_TAD
EUR USD IdeaGreetings, fellow traders! It's an intriguing landscape in the world of forex, where the dollar seems to have locked itself in a strong consolidation phase. This appears to be driven by algorithmic movements, and over the past two months, we've witnessed price action oscillating within a tight volume range. Highs and lows have been established with minimal fluctuations in trading volume, making it a relatively smooth sail for range-bound traders. The 50% range line, acting as a pivotal point, has been a constant source of fascination as it continues to flip back and forth, emblematic of the algorithmic consolidation at play. While it's possible that we may see this consolidation persist throughout the end of the year, it's important to note that it's also been a fertile ground for those who have mastered the art of trading within this range. In essence, it's as if the markets have adopted a rhythm of their own, and for traders who are skilled at navigating this unique dance, there have been opportunities aplenty.
Short
by themarketknight
1
WDAY - Rising Trend Channel [MID-TERM]🔹Rising trend channel in the medium long term. 🔹The short-term trading range has experienced a POSITIVE trend as it has broken a short-term resistance level. 🔹In case of a NEGATIVE reaction, the stock has support at approximately 207. 🔹Technically POSITIVE for the medium long term. Chart Pattern: 🔹DT - Double Top | BEARISH | 🔴 🔹DB - Double Bottom | BULLISH | 🟢 🔹HNS - Head & Shoulder | BEARISH | 🔴 🔹REC - Rectangle | 🔵 🔹iHNS - inverse head & Shoulder | BULLISH | 🟢 Verify it first and believe later. WavePoint ❤️
NASDAQ:WDAYLong
by wavepoint99
INTU - Rising Trend Channel [MID-TERM]🔹Rising trend channel in the medium long term. 🔹In case of a NEGATIVE reaction, the stock has support at approximately 490. 🔹Short-term trading range has been positively signaled by breaking a resistance level. 🔹The RSI is showing a Bearish Divergence against the price, indicating a potential downward reaction. 🔹Technically positive for the medium long term. Chart Pattern: 🔹DT - Double Top | BEARISH | 🔴 🔹DB - Double Bottom | BULLISH | 🟢 🔹HNS - Head & Shoulder | BEARISH | 🔴 🔹REC - Rectangle | 🔵 🔹iHNS - inverse head & Shoulder | BULLISH | 🟢 Verify it first and believe later. WavePoint ❤️
NASDAQ:INTULong
by wavepoint99
NOW Entry, Volume, Target, StopEntry: when price clears 563.63 Volume: with daily volume greater than 1.39M Target: 597 area Stop: Depending on your risk tolerance; 552.52 gets you 3/1 Risk/Reward. This 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 take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
NYSE:NOWLong
by tradepatiently
GBP/USD SHORT- BREAKING BEARISH WEDGE NOWGBP/USD has been on a recent rally after hitting our first TP of our last short. Now it has formed a bearish rising wedge with multiple counts of bearish divergence and it has also rejected its previous resistance. Should the candle close outside of this wedge and then confirm the breakdown we will be short with the targets shown. Set your alerts! The DXY also looks to be double bottoming after its breakout last week And the EUR looks like it's breaking down also with these potential targets. Wait for candle close and confirmation!
Short
by SynergyTradingSetups