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Rectangle

UP IN THE AIR ............. OR DOWN TO THE HELLThe furnace of masculine and powerful targets has heated up again It is not a joke or an irrational illusion As far as I can remember, gold was moving in this range from 1885 to 1700... But it is not going to remain in this condition forever. In short, one day this suffering will be broken and what better time than during the war. And what war is better than the war in the infamous region of the Middle East??? But my method is to assume that the surface does not break... unless it is proven otherwise
FXOPEN:XAUUSDLong
by PersianDisInvest
BluetonaFX - GBPCHF Rectangle Pattern LONG IdeaHi Traders! There is a rectangle pattern on the GBPCHF chart, and there is potential for long entry opportunities due to the upside due to the hold of the very strong support level at the 1.10576 area. Price Action 📊 The market has been in a range for the past three months, with near-perfect bounces at the support area of the rangle and pullbacks at the resistance area of the range. We are looking for opportunities for long entries near 1.10576, so the aim here is to buy market dips. Fundamental Analysis 📰 The pressure on the pound has eased in the past couple of days. Most GBP pairs have come off lows from traders exiting their shorts due to potential USD weakness as a result of the war situation in Israel.   Support 📉 1.10576: RANGE LOW Resistance 📈 1.12476: RANGE HIGH Risk ⚠️ No more than 2% of your capital. Reward 💰 At least 4% of your capital. Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Long
by BluetonaFX
2
AUDCAD RECTANGLE CHANNEL Hello, Traders Today, we are focusing our attention on the AUD/CAD pair, which is presenting a fantastic trading opportunity. Upon analyzing its daily chart, we can observe that it has formed a rectangle pattern. The price has been oscillating within this pattern, bouncing back and forth between the boundary lines. Here are the critical levels to watch: - Upper Trend Line Breakout: 0.91156 - Lower Trend Line Breakout: 0.87403 Currently, the price is trading below the lower trend line breakout level of 0.87403. As we strategize our next moves, here are the proposed stops and targets: - Stop: Set at the mid-channel level of 0.89298 - Targets: - 50% Target: 0.85534 - 100% Target: 0.83658 We hope you find this insight beneficial. If so, please support this idea and follow us to ensure you don't miss out on more valuable content in the future. TCPLTP
Short
by TradeChartPatternsLikeThePros
2
NIFTY: "Josh" to "JOLTS"There are times, one suffers in finding the news to reason, then are times, too much news to bank on any one to justify. While bulls hate uncertainty, bear's love lots of conflicting news. It is mind over the matter as always. The same price action looks differently in bull markets and bear markets. One price many takers. JOSH, is the first of the Rectangle marking as part of wave (1), complete up move, dismay starting in 2020 Mar/April. Made every one MAD, narratives drawn, hold your breath for life. Oct 2021 till about start of the 2022 third Quarter, it is reality and then Start of Mar 23 it is once again euphoria, this time largely led by small and mid caps. The larger rotating rectangular shape. The circles size big are important, small are relatively important in term of trend line repect. JOLTS: The current move within parrell lines drawn from 2 is now under attack, potentially triggering move below 19300 (MPC hawkish tone?), extension to the large RED arrow drawn to the rotating Triangle low 18300 opens up the debate of bulls getting JOLTS. JOLTS is the US Job openings, that has come far higher than expected, data the FED does not want to see to pause, one more hike is priced in this year. The cuts won't happen before the last quarter of 2024. Our own PMI comes below 58, it is still strongest relative terms, but then markets would focus that on some other day. All agencies look for 6% plus growth. Damper is the inflation and soaring cost of borrowing. Private investment and Public Savings not helping either. These are not the information that is new, but that is how the markets choose to selectively pick to proceed. Dollar roars, INR dithers (crawls thanks to the continued support, but how long?). There is absolutely no way, the index looks higher, now that we see one more gap down probing and attacking the 19480 attempting towards 19300. At what state the Index postpones its inherent up move is when we lose 19300 on weekly basis. While it looks all gloomy, we have not yet lost this base. For the day 19400-19600 to work.
NSE:NIFTY
by sreebhashyam
Rectangle on AUD/USD @ D1This rectangle pattern (horizontal channel) on the daily chart of AUD/USD offers a potential bearish breakout opportunity following the general downtrend. The borders of the rectangle are marked with the yellow lines. My potential entry level is where the cyan line is. My potential take-profit level is at the green line. They are based on the rectangle width - 10% for the Entry line and 100% for the TP line. The stop-loss can be set to the high of the respective breakout candle (not shown on the chart) or to the high of the previous candle if the breakout one is mostly outside the rectangle.
Short
by AndriyMoraru
3
👑 GBPNZD 🗝️ LEVELS TO WATCH👀 AND WHY Hello Traders! 👋 It looks like it's time to refresh the idea in the British New Zealand (GBPNZD) pair. Since my last idea didn't turn out as expected, but no worries, I've got you covered. The price on the hourly chart is currently trading within a rectangular channel between the upper trend line breakout at 2.05294 and the lower trend line breakout at 2.04003. Here's the strategy: For Long Position (Buy): Enter a long position above 2.05294. Confirm the breakout with a surge in volume. Set the stop loss at the middle of the channel, which is at 2.04659. Target levels: Target 1: 50% at 2.05939. Target 2: 100% at 2.06582. For Short Position (Sell): If the price breaks out below the lower trend line at 2.04003 with a surge in volume, consider a short position. Set the stop loss at 2.04659. Target levels: Target 1: 50% at 2.03381. Target 2: 100% at 2.02731. If you find this idea interesting, please leave a like to support it, and stay tuned for my future updates.
by TradeChartPatternsLikeThePros
1
Gold Moving Average AnalysisAlthough I have shared a lot of analysis for gold these days, long-term investors actually do not need that much and complicated analysis. By using only two moving averages, we can have an insight into long-term gold investments. Gold has moved along these two moving averages since the 1970s. Here, I have shown arrows where the averages are used as support and resistance for a better understanding of the situation. Gold, which is currently priced around $1917, can be expected to drop as low as $1852. This decline will not mean an entry into the bear market for gold. Weekly closings below this level are considered bear markets. But since history, this moving average has always been decisive. (Weekly EMA 85) Around this level will be a buying opportunity for gold. In the case of an uptrend, an ascending triangle breakout seems possible. In bear scenarios that lasted for about 5 years, gold always remained above 350 RMA per week. This is a big indicator that gold is always rising in the long run. It fell below this level only between 1997 and 2002, but later recovered and rose above it. Therefore, it would not be wrong to take this level as a reference.
FX_IDC:XAUUSD
by YavuzAkbay