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Gold 4-Hour Channel Breakout Hits TargetOur 4-Hour channel Breakout from a few days ago has reached its target. The target was the bottom of the beginning of the channel. However, we had no retrace to the neck zone, so we had no entry. I am a breakout and retrace trader, and if I see no retrace to the point of interest, I will not take a position. My thoughts on Gold now is that if support does hold around the 1782 mark, we should begin ranging in short to mid-term between support and 1810. Let’s watch and see what it does. I will be watching as always, and should a setup present itself; I will be posting it. Happy Monday!
OANDA:XAUUSD
by TheVortexTrader
2
Weekly target hit on Monday, so how to trade expiry?Hey guys! Our weekly target of 16696 was hit on Monday itself due to a gap down and fall in nifty. Yesterday and today, the markets have recovered and started the move from swing low to swing high. Therefore, the expectation tomorrow is bullish with a target of 17024 and 17170 after which nifty has the decide the direction. However, the trenline is important and if it is broken, it can lead to a huge fall again. Expecting a Gap up opening tomorrow and if Nifty opens in the channel shown in chart, it may consolidate after touching 17170 for a while. Break out from that channel is important and decisions can be taken based on that. Please comment your views and ideas 💡 🙏. Thankyou!! *for educational purposes only*
NSE:NIFTYLong
by AM_Tradepicks
2
GBP/AUD Target Hit 1.88000Took this trade on the breakout of flag and pole pattern on 4h time frame on 26 november i have posted this but somehow or techincal issue maybe its not uploaded on ideas after breakout it took a retest from the 1.85750 and then added this position on 1 december with the stoploss at 1.85660 then the trade started and our fib level target 1.87600 got triggered there is more room left for the target on 1.88000 but i have exited and booked positions at 1.87600 because of the rejection from 1.87900 levels. Good 1:3 R2R Ratio
Long
by UnknownUnicorn14050644
1
PLTR: I told you it was going to hit our TARGET! What's next?Hello traders and investors! Yes, PLTR broke our target, and it is trading above it since our last analysis, last week, which was a crystal-clear buy opportunity . Now, what’s next for us? First, in the 1h chart, we see that the trend is clearly bullish, and there’s not a single reversal or bearish sign around. Even if we see a top coming, our target at $ 27.47 is a support level for us, as it was a previous resistance. This happens thanks to the Principle of Polarity . Now, let’s see the daily chart: Yep, the situation is looking good here too. We have no top sign, and we can set a new target on PLTR: $ 31.34 . This is a previous gap, which will be filled next. Now, let’s see the weekly chart: Yes, PLTR triggered the bullish pivot point when it broke the $ 27.47, and this is a big deal. This pivot point is a long-term reversal pattern, which has a target at $ 45. First, let’s focus on the gap, ok, but technically, PLTR has everything to retest the $ 45 again. If you liked this analysis, remember to follow me to keep in touch with my daily updates. Support this idea if it helped you! I see you on Monday! Have a good weekend.
P
by Nathan_The_Finance_Hydra
9
TSLA: Hit our target! What's next?Hello traders and investors! Let’s see how TSLA is doing today! TSLA has been killing its bears recently, and yesterday it finally hit our target , filling the gap at $ 732.61. Have no bearish structure , and there’s nothing telling us that it’ll drop. The support at $ 729.87 is a key point for us, and only if TSLA loses it, we might see a correction. The 21 ema is pointing up, and we have a series of higher highs/lows and everything is telling us that TSLA is just heading to our next target. In the daily chart, it is easy to identify the strong bull trend TSLA, and the $ 753.77 is the next target . The volume is increasing, and it is looking good. I see the $ 753 as a minor resistance, and the $ 780 is better to work with in the mid-term. Just like in the 1h chart, the 21 ema is pointing up, we have higher highs/lows, and we have a strong bull trend in the short, mid, and long-run . If we see a bearish structure in the 1h chart, by losing the $ 729, then we might finally see a correction. But for now, we are doing great. If you liked this analysis, remember to follow me to keep in touch with my daily studies. Have a good day.
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
5