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Gold Revisits Yesterday's Lows (In Profit)Good day guys! I am still holding my long term sell position with gold. God has revisted yesterday low's and gone even further. This could be the continuation I have been posting about, since my entry last Friday. I am still patient and I did take profit a couple intraday positions yesterday. My intraday positions SL's were triggered at 1825. I do believe that the price could be going much lower, based on the Fed NOT wanting gold to go higher for it represents the lost of purchasing power of the US dollar. People can stomach Bitcoin going higher, because it is a risky asset. However, they cannot stomach gold going higher for the reality is much bitter than sweet. The irony is that Bitcoin reflects the same thing. People just do not know it yet. In conclusion, I will continue to update you all on this trade. If you made money on this setup or any setups I have provided, be sure to like, leave a comment and share it with others. It lets me know that I am doing a good job. Well we do appreciate you for checking out our post and remember, we will see you on the other side. Rodrick (CEO) Third Eye Traders
OANDA:XAUUSDShort
by ThirdEyeTraders
2
DOGECOIN - where is the limit?Elon Musk will save your funds? I don't think so! Analysis: Doge is one of the most trending coin on the market and it has some more potential to grow since the "DOGEFAM" community is in an exponential growing tendency. The main goal of the DOGE community is to reach the 1$/coin level. If you are planning to invest into DOGE, or you are already own a "bag" of DOGE you need to take into consideration that the market will became choppy once the large speculators will exit the market. It will come a day when buying the dip will fail, and there will be a sudden crash on the market. I also think that the market will turn back before reaching the 1$ level, somewhere around 0.95$, so I advise you to get out from the market sooner than later in order to keep your funds/profits safe. If you are planning to go long on DOGE there is an opportunity to make a low risk reward trade, buying around the 0.40$ level with a stop loss of 0.35$ + exit plan around 0.95$. ( potential 130% profit ). Do not forget the fact that this kind of an exponential growth needs a stable supply-demand curve to be sustained on the long run. Once the demand cannot overperfom the supply, the whole smoken mirror mirror speculative game will collapse. If everyone wants to exit at 1$, you need to exit around 0.90$ to find somebody who believes that the price will go above 1$... Consider to join our community to get more of this kind for Free. community.protradersnetwork.com #forextrader #forex #forextrading #forexsignals #forexlifestyle #trading #money #cryptocurrency #trader #bitcoin #forexmarket #forexlife #technicalanalysis #stockmarket #forexanalysis #forexmentor #daytrading #forexgroup
Long
by tmsarn
3
DAX - Going higher once more before stalling end May and June ?Price has been pretty easy to ready up to now as you can see an impulsive move up where wave (iv) is a clean Zigzag correction with a Triangle for orange wave b. This indicates that this move down is counter and not establishing a new down trend. Therefore we can expect price to go higher once more to finish blue wave (v). As you can see there's a nice Fib cluster around the 15700/15900 zone, so be aware of that as it could act as resistance and might be the turning zone. This setup is of course invalidated if price drops below 14845. -> Buying here with a stop at invalidation gives a Reward/Risk of a bit less than 2:1 so, try and find a better place for your stop if you want to improve your R/R ratio. (Hint look at smaller time frames)
TVC:DEU40Long
by ElliottWaveBelgium
YEARN FINANCE - YFIUSD - Next big 1000% rally ?!YEARN FINANCE - YFIUSD We have a nice big base here and the wave count suggests a potential Leading Diagonal with a very shallow wave 2 which indicates lots of underlying strength here. Otherwise, we might be in a Flat correction meaning we'll see price go below 37600-ish soon. Personally I favor the bullish view because of how RSI has been always staying above 40 and sometimes even went overbought since that low in Novembre.
Long
by ElliottWaveBelgium
Will MSFT fill its gap? Good risk-reward ratio here!Hello Tradingview community! We have a RSI/price divergence on MSFT. If it breaks the 249.5 the gap at 261 is the next stop. The risk-reward ratio is very good! It is sitting right above the support area in the 1D chart too. Good luck! If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉. See you soon, Melissa.
NASDAQ:MSFT
by UnknownUnicorn21312077
2
Another good RSI divergence on NFLX!Hello traders! NFLX just hit its support around the 497! The stock is giving some signs of life, and we have a quite nice divergence on the RSI. The stock will potentially reverse and seek the gap at 549, and we have a good risk-reward ratio. If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉. See you soon, Melissa.
NASDAQ:NFLX
by UnknownUnicorn21312077
3
Is PLTR oversold? Maybe!Hi Tradingview community! PLTR is potentially oversold for two reasons: 1) The RSI is in very low levels; 2) PLTR hit the 20.87 today again, the same support zone it hit back on Mar 30 (red circles). Now PLTR seems to be at a support area, and now is the perfect moment for a reversal to the $ 24. Good risk-reward. If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉. See you soon, Melissa.
NYSE:PLTR
by UnknownUnicorn21312077
3x ETF SOXL vs other 1x semi ETFs over various time horizonsI compare SOXL returns with SOXX, SMH, and PSI, all ETFs in the semiconductor space. CONCLUSIONS AND FINDINGS: YTD 2021 SOXL has not provided any net benefit over it's peers. And if you use stop loss orders you've probably lost money on it due to its extreme volatility. Smaller quant ETF fund PSI is the better performer on most/all time horizons YTD or more recent, especially from a risk/reward perspective. Only when comparing SOXL against the others on a time horizon of 1 yr or longer does SOXL outperform it's peers. Importantly however, charts mimic real life only to the extent we make the purchase the entire position at once and don't touch it over the entire time frame. But this is not what most traders do. Thus, I recommend holding SOXL only if you're going to buy it and not set any stop loss orders, touch it, trade it, or even look at it for a year or more. But you probably can't handle that. I can't either. Thus the better, more realistic strategy for most traders is to get PSI or one of the other primary ETFs covering this space.
NASDAQ:SMHEducation
by theagileagent
Huobi TokenHey! Possible similar price action as we saw with Fantom analysis just yesterday. Breakout and throwback. We did already open a trade for this but from ~$22 - $21 level is where we might get a great throwback entry with an awesome risk/reward ratio. We can see how the box area has worked as resistance , and if we pullback that is the alleged support level Also. I like Huobi Tokens fundamentals. They have the Heco chain just like Eth and Bnb . I actually think the token price is undervalued compared to other similar projects Huobi Exchange volume is 1/4 of the Binances Always use stop loss, or you will get your ass burned! -Jebu
HLong
by PalenTrade
Polkadot - Consolidation ended and going for a new high nowDOTBUSD - Looks like it finished a Flat correction. Notice how price stopped at the 127.2% Fib projection of wave a which is a usual termination point for wave C of a Flat correction. Price is now at the VWAP from the high which could act as temporary resistance but as long as price remains above 26.6 I think it's going to go higher. Since I don't know exactly where the beginning of wave 1 is (and using 0 doesn't really help), it's a bit difficult to pinpoint the termination point of wave 5, therefore we must be attentive to the price action once a new high is made. First target zone though is at 56/63 followed by 89/91.
DLong
by ElliottWaveBelgium