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'Cheeky' long from gold's double bottom?We've found an interest setup on gold's 1-hour chart. A double bottom has formed just above the weekly pivot point, with a slightly higher low forming a bullish engulfing candle. Moreover, the cycle low was seen on high volume and strong negative delta (far more sellers than buyers on that 1-hour candle). And this suggests bears could be trapped around that cycle low, and could be forced to close and send prices higher, if prices fail to breakdown or move higher from here. The bias is bullish above the 1945.5 and looking for a run to 1965 or 1970. Take note of the daily shooting star candle, but for now the path of least resistance appears higher over the near-term.
FX_IDC:XAUUSDLong
by CityIndex
Orient Green for Swing/Positional Orient Green Power Prediction for Swing/ Positional Trading You can enter into trade above Entry level (14.70) daily close basis or after 15.6 safely CMP is 14.35 . There is a resistance 15.10-15.6 level. You take it purely on long positional basis also. Strong Supports are shown in the chart. Targets- 16,20,30,40,.. (more will be updated later) Intermediate Targets- See Chart According to your “STOMACH” book your profit. Always maintain your risk management. Watch Carefully – The Chart Explains For Itself. Disclaimer: I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade. Request: Please support by Like, follow, comment, share and boost. Happy trading. About Orient Green Power – Orient Green Power Co., Ltd. engages in the production and distribution of renewable energy. It focuses on the development, ownership, and operation of wind energy power plants located in the states of Tamil Nadu and Andhara Pradesh. The company was founded by Thyagarajan Shivaraman in October 2006 and is headquartered in Chennai, India. You can follow me in social media through links given below-
NSE:GREENPOWERLong
by suraranjanganguli
GOKUL AGRO RESOURCES LTDThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves. we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle. Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price. Keep it simple, keep it Unique. please keep your comments useful & respectful. Thanks for your support.... Tradelikemee Academy
NSE:GOKULAGROLong
by Tradelikemee
motherson looks like bullish " NSE:MOTHERSON Motherson is currently showing a robust support level at ₹ 95. If the stock manages to break above this trendline-level within a short period, it could potentially experience a significant upward momentum, with a possible target around ₹ 103." This statement emphasizes the current support level at ₹ 95 and the potential price target at ₹ 103 if the stock breaks above it. Remember that investing in stocks involves risk, and it's important to conduct thorough research or consult with a financial advisor before making any trading decisions.
NSE:MOTHERSONLong
by ketanbhalala
Moksh Ornaments for Swing/Positional Moksh Ornaments Prediction for Swing/ Posional Trading You can enter into trade above Entry level (15.6). This level can be retest. There is a resistance 16.45-17 level. Strong Supports (14.05-14.4,13.5,12.6) are shown in the chart. Targets- 16.45,17,18.45,19.8,21.35,22.8,24.25,… (more will be updated later if need ) According to your “STOMACH” book your profit. Always maintain your risk management. Watch Carefully – The Chart Explains For Itself. Disclaimer: I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade. Request: Please support by Like, follow, comment, share and boost. Happy trading. About Moksh Ornaments – Moksh Ornaments Ltd. engages in the manufacture and wholesale of jewellery. Its products include bangles, chain, and mangalsutra. The company was founded by Amrit Jawanmalji Shah and Jawanmal Moolchand Shah on July 19, 2012 and is headquartered in Mumbai, India. You can follow me in social media through links given below-
NSE:MOKSHLong
by suraranjanganguli
📉 $OXT/USDT Falling Wedge Setup! 📉📈 Exciting news for #OXTUSDT traders! 🚀 The chart is forming a captivating Falling Wedge pattern, pointing towards a potential bullish reversal! 💹 📉 As the price has been marking lower highs and lower lows, the falling wedge pattern indicates a phase of consolidation and decreasing selling pressure. 🧩 Falling wedges often pave the way for upward breakouts, suggesting a potential trend reversal and the emergence of a new bullish phase. 💡 Keep a close eye on the wedge's resistance and support levels to anticipate the potential breakout direction. 📊 Technical indicators are showing promising signs of a potential reversal, adding further credibility to the bullish outlook. 🔔 Stay alert for a breakout above the upper trendline, as it may act as a signal for the start of a bullish trend. Remember to set your profit targets and stop-loss levels wisely. 📅 Always prioritize risk management and trade responsibly. Thorough research is key before making any trading decisions. 🚨 Don't miss the action with #OXT! 🚨 Let's see how this Falling Wedge unfolds! 🤞 (Note: This post is for informational purposes only and should not be considered as financial advice. Trading involves risks, and past performance is not indicative of future results. Always conduct your due diligence and seek professional advice when necessary.) #CryptoTrading #TechnicalAnalysis #BullishSetup #TradeSmart #DYOR #CryptoMarket #ChartAnalysis #EmbraceTheWedge #BullishTrend 🚀💰📈
Long
by STP_MrNodeItAll
Potential swing trade short on AUD/USDThe AUS/USD is within an established bear trend on the 4-hour chart, and closed to a fresh YTD low on Friday having broken beneath the March and April lows. Prices have managed to retrace over the past two days during lower-liquidity trade whilst the US dollar’s rally took a breather. For now, we’re looking for evidence of a swing high below or around the 0.6550 – 0.6572 zone which includes the weekly pivot point, March and April’s lows. We note that some of the heaviest volume during its previous leg lower is at 0.6532, which suggests bears are caught short whist prices retrace higher. SO whilst we see the potential for another burst higher, it’s important prices remain below 0.6580 (otherwise we can expect bears to cover and trigger a short-covering rally). The initial target is around the 0.6500 handle / last week’s lows, a break beneath which brings the 0.6450 / weekly S1 and 0.6400 lows into focus.
Short
by CityIndex
EURAUD I 100 pip swing coming soon I Watch and prepare 🎯Welcome back! Let me know your thoughts in the comments! ** EURAUD 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
15
Potential swing trade on NZD/JPYA soft inflation report from New Zealand weighed broadly on the Kiwi dollar yesterday, as traders began to price in the prospects of a 25bp hike (down form 50bp) or even a pause at the RBNZ's next meeting. The slight risk-off tone saw flows into the yen, and risk-currencies such as AUD and NZD were lower which has placed ZD/JPY on our shirt watchlist. The cross has seen repeated failures to close above 83.50 over the past three weeks, and yesterday's high met resistance perfectly at the 200-day EMA. Given the bearish engulfing candle which has now formed, we suspect a leg lower seems more probably than a break higher. Also note the decisive close beneath trend support. - The bias remains bearish beneath yesterday's high - However, we'll seek bearish setups below/around 83.15 (50% retracement of yesterday's open-close range) - Initial target is the cycle just above 82.0
Short
by CityIndex
Brent Crude Oil Swing TradeThe price of Brent Crude Oil has fallen and tested the previous support level (Blue Line) outlined in the previous newsletter. Currently, we could see a potential swing back upwards. If the price breaks the support level, we could see a fall in price. However, I see the former as the more likely scenario, as the 0.5 Fibonacci level (Green Line) is also below the trendline - providing further support. This support is further backed by the Stochastic RSI and MACD indicator coming to show potential buy signals. To see why I chose these support and Resistance Levels see my linked idea below.
OANDA:BCOUSDLong
by BlackbearTrader
Mastering Multiple Timeframe Analysis Forex trading can be a challenging and complex activity. As a result, many traders struggle to find a strategy that works for them and often lose money. One important aspect of successful forex trading is multiple timeframe analysis. This post will discuss how to perform multiple timeframe analyses in the forex market and how it can help if you're struggling with the concept. What is Multiple Timeframe Analysis? Multiple timeframe analysis is the process of analyzing the same currency pair across different timeframes. By looking at different timeframes, you can better understand the market trends and make more informed trading decisions. For example, if you are trading the EUR/USD currency pair, you might look at the daily chart to get an overview of the long-term trend. You might then look at the hourly chart to identify short-term trends or potential trading opportunities. Why is Multiple Timeframe Analysis Important? Multiple timeframe analysis is important for several reasons. Firstly, it allows traders to understand the market trend better. By looking at different timeframes, traders can see if the currency pair is in an uptrend, downtrend, or range. Secondly, multiple timeframe analysis allows traders to identify potential trading opportunities. By analyzing different timeframes, traders can identify key support and resistance levels, trendlines, and chart patterns that may indicate a potential trade. Finally, multiple timeframe analysis can help traders to manage their risk. By looking at different timeframes, traders can minimize risk based on opportunities to place tighter stop losses and bigger target profit areas. How to Perform Multiple Timeframe Analysis Performing multiple timeframe analysis is not difficult, but it requires some practice and patience. Here are the steps you should follow: Identify the Currency Pair to Trade The first step is identifying the currency pair you want to trade. This could be any major currency pair, such as EUR/USD, GBP/USD, or USD/JPY. 2. Select the Timeframes to Analyze Next, you need to select the timeframes that you want to analyze. A good rule of thumb is to use three different timeframes: a long-term timeframe (daily or weekly), a medium-term timeframe (12 hours or 4 hours), and a short-term timeframe (15 minutes or 5 minutes). 3. Analyze the Long-Term Timeframe The long-term timeframe is the most important, providing an overview of the market trend. If you're a technical analyst, look for major support or resistance levels, trendlines, or chart patterns indicating a potential trading opportunity. F.Y.I. My trading is not based on Technical analysis in a conventional manner. I pay more attention to price in the form of price action candlesticks. This makes it easier to separate the timeframes and direction of price when I move up and down in timeframes. 4. Analyze the Medium-Term Timeframe The medium-term timeframe is used to identify any short-term trends that may be developing. Look for any key support and resistance levels, trendlines, or chart patterns that might indicate a potential trading opportunity. In this example, because GBPUSD is still in an uptrend, it's important to perform a top-down analysis that supports the different trend cycles on lower timeframes to remind yourself what the overall trend is, where the price is now, and where it's going next. I love the medium timeframes, such as the 12-hour and 4-hour, to analyze where the price is now and get more detail from the charts. 5. Analyze the Short-Term Timeframe The short-term timeframe is used to identify any potential entry and exit points for a trade. In addition, look for any key support and resistance levels, trend lines, or chart patterns that might indicate a potential trading opportunity. 6. Put it all Together Once you have analyzed all three timeframes, you should understand the market trend and potential trading opportunities. Use this information to make informed trading decisions, and always remember to manage your risk. In conclusion, multiple timeframe analysis is an important aspect of successful forex trading. By analyzing different timeframes, traders can better understand market trends, identify potential trading opportunities, and manage risk. If you are a struggling trader, consider using multiple timeframe analysis in your trading strategy. If you enjoyed this post and valued the tips, comment to this post to let me know your takeaway. If you're struggling with top-down analysis and have a question, reply with your question, and let's chat a bit. Your trading coach, Shaquan
Long
by ShaquanLopez
3