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Potential for Further Price Growth to $6.50 After Pullback!Hey there, ✌ The price entered an uptrend phase from the $3.70 range and, following the breakout of the descending trendline on the daily timeframe, has shown a significant increase, reaching $5.70. Currently, after this upward movement, the price has faced a slight correction and has returned to the broken $5 level. Given the overall market conditions, the outlook remains more bullish. It is expected that after this pullback, the price will likely continue its significant upward movement towards the $6 and $6.50 levels. The price ranges of $5 and $4.50 – $4.20 can be considered key reversal zones. If a bullish candlestick pattern is observed and confirmed, there is a high possibility of positive price fluctuations. 💢 Please remember that this is just my personal viewpoint and should not be taken as investment advice. I’d love to hear your thoughts and share opinions! Happy trading!✌😎 Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!✌
Long
by SasanSeifi
SasanSeifi| NZD/USD,4-Hour Hey there, ✌ In the short-term 4-hour timeframe, we’ve observed a bearish trend starting from the 0.63700 price range. The recent breakdown below the 0.62500 level has pushed the price down to the 0.62000 zone, showing some corrective movement. Currently, the price is trading around 0.62000.my short-term outlook leans toward further downside towards targets at 0.61700 and the demand zone below. However, if we see signs of weakening momentum around 0.62000, there is a possibility that the market could enter a ranging phase. In such a scenario, potential pullbacks could bring the price up to levels of 0.62350, 0.62500, and 0.62750 as a corrective move before resuming the bearish trend. To better understand the market's direction, it’s crucial to monitor price reactions in these zones. Alternative Scenario: Price Correction Another scenario to consider is continued price correction. In this case, we expect the price to make a corrective move towards our targets. If the market enters a range and confirms the price action, we could then see positive fluctuations from the specified targets and the demand zone. This analysis is my personal viewpoint and not financial advice. If you found this helpful, please like and comment – I’d love to hear your thoughts! Happy trading! ✌😊
Short
by SasanSeifi
2
SasanSeifi|GBP/USD on the rise?Hey there, Upon reviewing the FX:GBPUSD chart from a mid-to-long term perspective, the trend still leans towards the bullish side, with medium-to-long term targets potentially lying within the 1.32 to 1.33 range. Currently, on the 4-hour timeframe, the price is trading around the 1.30300 level. Possible Scenarios: In the current situation, if the price continues to be supported by strong demand and breaks above 1.30600 with confirmation, short-term targets of 1.31 to 1.31400 could be in sight. This could lead to the formation of a new high above the 1.30500 level. To better understand the continuation of this trend, it is crucial to monitor how the price reacts to these short-term targets. Should the price encounter resistance and fail to hold above 1.30600, we might see a pullback to the levels of 1.29700, 1.29500, or even 1.29. 💢 Please remember that this is just my personal viewpoint and should not be taken as investment advice. I’d love to hear your thoughts and share opinions! Happy trading!✌😎 Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!✌
Long
by SasanSeifi
1
Is swing trading more profitable than long-term investment?Look at the image below. Let me give you a small example. This is the real chart of the State Bank of India. I have coded swing trader in black and long-term investor in blue for your easy understanding. In the first scenario, both the swing trader and the long-term investor bought SBI at the same level. After a month the swing trader sold his holdings and made 60% on his capital of 1 lakh. Now he has 1 lakh 60 thousand. But the long-term investor didn’t sell. Again the prices of the stock went down and the swing trader got an opportunity to buy in dip. The swing trader sold his positions and made 36% this time. Now he has (1 lakh 60 thousand) + 36% that is 2 lakh 17 thousand. This time the long-term investor sold his holdings and made 64% total. He has now 1 lakh 64 thousand. Everybody trades the swings. Nobody buys in dip and sells in the dip. That is just foolishness. Some people trade the larger time frames and some people smaller time frames.
NSE:SBINEducation
by BarunMohanty
1