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Patterntrading

CANON _ Breakout after 14 years _ Target is JPY7260 ,+60% PROFITIn Canon, a Falling Wedge Pattern formed and Breakout. The market is going to Breakout above the "Strong Resistance" level after 14 years, it indicating a significant bullish trend. Offering the potential to Achieve a 60% PROFIT at the price of JPY 7,230, which is also the previous all-time high. If again Breakout the All-Time High, the market could approach the Wedge Pattern Target at JPY 8,750, Resulting in a Total Potential Profit of 94%. Support me; I want to Help People Make PROFIT all over the "World".
TSE:7751Long
by SasikumarMani
Unbelievable Gold Trade Setup! Must-Watch Analysis & Secret RiskTechnical Analysis of Gold Spot (XAU/USD) Chart Overview: - Current Price: $2,364.525 - Time Frame: 1 hour - Key Levels: - Resistance Levels: - TP 3: $2,391.040 - TP 2: $2,386.595 - TP 1: $2,379.694 - Support Levels: - LQZ: $2,371.857 - LQZ: $2,356.635 - TP 1: $2,347.655 - TP 2: $2,339.090 Candlestick Patterns: - Recent Uptrend: The chart shows a significant uptrend starting from July 2nd to July 4th. - Price Consolidation: Following the uptrend, there was a period of consolidation with prices forming a triangle pattern. - Downtrend and Recovery: A sharp downtrend occurred, followed by a recovery attempt which is now in another consolidation phase. Key Observations: 1. Resistance at TP 1 ($2,379.694): The price faced resistance around the $2,379.694 level and has not been able to break through. 2. Support at LQZ ($2,356.635): This level has provided significant support and could be a potential entry point if the price tests this level again. 3. Current Position: The price is currently trading around $2,364.525, which is below the key resistance levels and above the support levels, indicating a range-bound movement. Lecture on Using Proper Risk Management Risk management is crucial for successful trading. Here are key principles to ensure proper risk management: 1. Determine Risk Tolerance: Understand your risk tolerance and set a percentage of your capital that you are willing to risk on each trade. Commonly, traders risk 1-2% of their capital per trade. 2. Set Stop Losses: Always use stop losses to limit potential losses. For the current XAU/USD scenario, a stop loss could be placed slightly below the LQZ support level at $2,356.635. 3. Position Sizing: Calculate your position size based on your risk tolerance and stop loss level. For instance, if you have $10,000 and are willing to risk 2% ($200), and your stop loss is $10 away from the entry price, your position size would be 20 units. 4. Risk-Reward Ratio: Aim for a favorable risk-reward ratio. A common target is a 1:3 ratio, meaning you aim to make three times the amount you risk. 5. Diversification: Avoid putting all your capital into a single trade or asset. Spread your investments across different assets to mitigate risk. Conclusion For an in-depth analysis, make sure to watch the rest of the stream where I cover: - TSLA (Tesla) - DXY (US Dollar Index) - BTC (Bitcoin) - US30 (Dow Jones Industrial Average) #XAU/USD #GOLD #TSLA #MARKETLESSON
OANDA:XAUUSDLong
by Adlercon333
MITSUBISHI HEAVY INDUSTRIES _Channel Target Reached +310% PROFITMITSUBISHI HEAVY INDUSTRIES, last 16 years Consolidated or Side Waves from July 2007 to May 2023. This side waves formed like a Channel Pattern. Which means, market price range between Two Parallel lines. Connect these up's and downs respectively (1,3,5) and (2,4). In 5th point market Breakout above the Channel Pattern, so hereafter market expect significantly Wild movement in Uptrend. And Channel Width is the Target Size. So if you Buy and hold in May 2023, then Sell in July 2024. We got the 243 % PROFIT within 14 months only. This is one of better opportunity Trade in Stock Market by using Patterns Technique. One more Target inside this Channel Pattern. Falling Channel Pattern formed inside this Channel. It connect (a,c,e) and (b,d). In March 2022 Breakout & Buy in point of 'e', Sell in June 2022. Got the 66 % PROFIT. So TOTALLY 310% PROFIT within 29 months in this Stock only. For example if you are invested 10 Lakhs, then you would have received 30.10 Lakhs PROFIT.
TSE:7011
by SasikumarMani
Tesla - Finally exiting consolidation...NASDAQ:TSLA has been consolidating for four years and is ready for a (bullish) breakout. We have a beautiful repetition of cycles on Tesla: Long term consolidation followed by a qiuck and agressive move higher followed once again by a long term consolidation. Tesla entered such a consolidation about four years ago and is now simply ready for another bullish breakout and an agressive move higher. It is just a matter of time until the triangle pattern breaks... Levels to watch: $120, $220 Keep your long term vision, Philip - BasicTrading
NASDAQ:TSLALong
by basictradingtv
28
Simple Bitcoin Comparison to last breakout shows us...Patterns are everything in the market. When we're given the patterns ahead of time by analyzing previous price action, we can know what to look out for in order to catch the breakotus before they happen. For us, on bitcoin, we know we have this red algorithm that needs to prove itself before breakouts. We can see that similar to last breakout, we're approaching that tapering algorithm on the sell-side in addition to our buying continuation orange & green. Strong likelihood of a bounce here and at least a retest of purple if not an ultimate HTF breakout. Happy Trading :)
COINBASE:BTCUSDLong
by ReigningTrades
14
EURUSD - Key Area. Will the rally fail?OANDA:EURUSD Completed a small Gartley pattern on Friday, now we look for a rally to see if it's going to fail around the 1.0853-1.0880 area. There are bigger TF patterns that take it a lot lower with the first one down below 1.0600 and larger pattern below 1.0300. A move above 1.0950 could send it towards 1.1100 and even 1.1300. That's why this week is so critical to where we head next. I will post the weekly AI to see if we can find a CIT Window. Enjoy the week.
Short
by L_F
1
Taiwan Semiconductor - Unknown stock with trading potentialNYSE:TSM is one of the rather unknown stocks with an impressive market capitalization of 680 billion dollars. Just a couple of months ago TSM finally broke above a major previous resistance level and confirmed the bullish triangle breakout. Momentum is quite strong so far so maybe we will never see the previous structure again. In this case there is no need to actually chase the all time high. However, a pullback might still be quite likely and this might present an interesting long opportunity in the future. Levels to watch: $130, $100 Keep your long term vision, Philip - BasicTrading
NYSE:TSMLong
by basictradingtv
6