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Rangetrading

USDCAD I Bullish CAD News but in the rangeWelcome back! Let me know your thoughts in the comments! ** USDCAD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Long
by BKTradingAcademy
3
Navigating the Golden Realm❣️"Unveiling Secrets of the Gold Market for Traders" Welcome to the captivating world of the gold market, where you as (new) trader embark on a metaphorical journey filled with price movements , trends , and profitable opportunities . In this comprehensive guide , i will delve into the intricacies of trading gold, empowered with knowledge that will enhance trading strategies. From deciphering patterns to understanding correlations , i will unlock the secrets of the golden realm, equiped with the confidence to make informed decisions. So fasten your seatbelts and get ready to navigate through the twists and turns of this enchanting market. Range Trading - The Breakfast Feast Picture yourself at a lavish breakfast buffet, where a wide array of options tempts your taste buds. Similarly, range trading in the gold market offers a delectable spread of trading opportunities. By identifying key support and resistance levels , you can effectively navigate within a defined price range. Just as you would choose from a buffet, traders can enter buy positions near support and sell positions near resistance. Deciphering Trends - The Path to Success In the golden realm, trends serve as beacons of guidance for traders. Analyzing price movements over time helps uncover valuable insights into the direction of the market. By identifying uptrends, downtrends, or sideways trends , strategies can be aligned accordingly. Utilizing tools like moving averages and trend lines, may create a clearer picture of the market's path, allowing you to ride the waves of success. Breakouts - Seizing the Golden Moments Just as a phoenix rises from the ashes, breakouts in the gold market signify the birth of new opportunities. Breakouts occur when the price breaches a significant resistance or support level, often indicating a shift in market sentiment. Trades will be positioned to take advantage of these golden moments by entering in the direction of the breakout. However, it is crucial to denote confluences and employ proper risk management techniques or wait for confirmation before diving into the fray. Correlations - Unveiling Hidden Connections The gold market is not an isolated realm; it is intricately connected to other financial markets. Understanding correlations between gold and other assets can provide valuable insights. For instance, a negative correlation with the U.S. dollar may indicate that a weaker dollar could lead to increased gold prices. By monitoring these relationships and recognizing their impact, you can make more informed decisions and maximize profit potential. Retesting - A Second Chance In the golden realm, opportunities often come knocking twice. Retesting occurs when a price level that was previously broken acts as a new support or resistance. Traders can capitalize on retests by entering positions in the direction of the original breakout. This phenomenon can provide a second chance to those who missed the initial move or wish to reinforce their existing positions. By identifying and evaluating retesting scenarios, you will enhance your trading strategy and seize these hidden but well-known opportunities. ☆ As we conclude this journey through the golden realm, you could now posses a deeper understanding of the gold market's intricacies. By embracing range trading , deciphering trends , seizing breakout moments , unraveling correlations , and recognizing retesting opportunities , you can navigate this enchanting market with confidence. Armed with technical indicators, pattern analysis, and an awareness of session transitions, you will unlock the potential for profitable opportunities. So, fellow aspiring traders, step into the foreign exchange golden realm armed with knowledge and embark on your path to success, b e ready to make informed decisions and claim your share of the golden treasures. HappyTrading 🤠 J
OANDA:XAUUSDEducation
by ATU_TAD
2
Cardano bulls likely to falter at $0.375 againPossible short-term range formation after a strong ADA move downward from $0.42 that began in late April. Range extremes are at $0.373 and $0.348. The range highs coincide with a bearish OB as well. A sweep of liquidity just above $0.375 was a possibility that bears must be careful of. Entry: $0.369 (aggressive, more cautious traders can wait for rejection from $0.373) Take-profit: $0.349 (just above range lows) Stop-loss: $0.3777 (a wider stop-loss at $0.38 can also be considered) R:R- 2.45
Short
by AMBCrypto_TA
2
SPX: A Short-Term Congestion | What's Next?• The SPX is trading inside a range, between 4,148 and 4,099. Only a breakout will bring something new; • The 4,099 is a Double Bottom, and if the index loses this key support, we might see it correcting to the next support line, at 4,029, filling the gap at 4,072 in the process; • However, the SPX is still trading above the 21 ema on the daily chart, indicating that it has decent chances of resuming the bullish sentiment – it just has to break the 4,148 to confirm this thesis; • In this scenario, mid-term speaking, the next technical resistance at 4,195 would become our next target; • For now, let’s wait for more signals. I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analysis.
SP:SPX
by Nathan_The_Finance_Hydra
How to identify a TREND or RANGE market early in DaytradingTrading and Price Action can be broken down into tow simple terms...a 'range bound' market and a 'trend' market. Being able to identify the price action early is key to successful daytrading. In the video I discuss how I like to daytrade Indexes and especially how I look to identify a RANGE or a TREND market. As there really is only TWO WAYs to trade....ie/ reversion to the mean or continuation trading...it is important to identify the market conditions early to get on the right side of the market and take full advantage of a move up or down. I discuss my basic approach to trading and what I look for to identify the market conditions. I talk about my trading style and general entry criteria. Any comments or questions welcome below.
HKEX:HSI1!Education
by TradeTheStructure
ETH will lose against BTCSince the last bear market in 2018/2019 ETH was gaining in dominance against Bitcoin. It is clear that ETH could show similar weakness against BTC like last bear market. Considering that a recession is highly probably, I have marked two simple scenarios: — ETHBTC will retest the rage lows at 0.056 — If this level does not hold, we could see a retest of the 0.03 area. This will probably match with the theory of a three digit ETH (look at link to related ideas). Cheers and good trading!
Short
by zonetradingsz
Navigating Ethereum: Analyzing Price Ranges & Bitcoin DominanceOver the past week, Ethereum has exhibited both volatility and stagnation, trading within a defined price range. I would like to provide an analysis of Ethereum's price action, discuss the significance of support and resistance levels, and highlight the importance of Bitcoin dominance in the cryptocurrency market. Ethereum's Price Range: A Closer Look Since last Friday, Ethereum has been trading within a range of $1700 and $1850, oscillating between the upper and lower limits approximately 10 times. This range-bound behavior has created clear support and resistance levels, which, when broken, are likely to result in a substantial price movement. Managing Risk and Anticipating Breakouts One common risk management strategy in range-bound markets is to buy at the lower end of the range and sell at the upper end. However, should Ethereum's price break below the established support level, it could trigger a decline into the lower $1600s. Conversely, if the price breaks through the resistance level, we may witness a surge towards the $2000-$2500 range, which has been a potential target for months. Bitcoin Dominance and Its Influence on the Market Despite the enthusiasm surrounding altcoins, Bitcoin's dominance in the cryptocurrency market cannot be overstated. As Ethereum's price action is closely tied to Bitcoin's movements, it is crucial to monitor Bitcoin dominance when assessing Ethereum's future. While it is possible that an altcoin could eventually surpass Bitcoin's market share, such an event is not imminent, and predictions to the contrary should be approached with caution. The importance of Bitcoin dominance highlights the interconnected nature of the cryptocurrency market. Traders and investors must consider the broader market context and the influence of major cryptocurrencies like Bitcoin when analyzing individual assets such as Ethereum. Trade Cautiously and Avoid Overleveraging As you continue to navigate the Ethereum market, it is essential to trade cautiously and avoid overleveraging. By understanding and analyzing price ranges, support and resistance levels, and the significance of Bitcoin dominance, you can better manage risk and make informed decisions in the ever-evolving cryptocurrency landscape. By keeping a close eye on market trends, monitoring the performance of major cryptocurrencies, and staying updated on relevant news and developments, you can better equip yourself to handle the challenges and opportunities presented by the dynamic world of cryptocurrencies.
BITSTAMP:ETHUSD
by bitdoctor
BNB Long Game Plan Hi all This is my BNB Long Game Plan: - Before entering, please watch the Bitcoin price aswell, and check if they are trading the same direction. - Also, this is a RANGE play, a small trade between to clear levels. My general sentiment for the crypto market is very pessimistic, I will be having a close watch if I decide to play this range Here is my detailed Game Plan: - Price needs to stay within range for me to search an entry on this (Between 280 and 300) - Smooth Price Action on entry chart (looking for a daytrade so lower timeframes) - Reclaim of Red line is prerequisite for entry - Push above Red line and and pull back on Red line - Pull back on Red line, hold and reclaim would be entry signal - Target 300 - Stop 280 Please follow me on Tradingview for more trades and ideas.
Long
by TraderCHgold