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GOLD - Daily head and shoulders reversal?! IDEAHey guys just thought id share a possible situation on gold! I'm looking to see if we can create a right shoulder move for a nice push to the upside off and around $1680. Price can either push further down to continue long term down trend or we may see a rejection to create a long term reversal pattern. This is one of my favourite patterns so I've decided to add an example of this pattern to try help you understand the structure. This pattern can be used in multi time frames from the weekly all the way down to 15 min, the higher the time frame the more respect price seems to have! For confirmation I work off candle formations from the key levels! I love to hear feedback to be sure to let me know your thoughts or questions in the comments.
TVC:GOLDLong
by jamison_fx
5
IMPORTANT TO MOVE STOPS!! AUDUSD UPDATE (IN PROFIT)!This one playing out exactly as explained earlier as well as the other USD pairs I was looking at. I didn't take entry's on all pairs cause that would be exposing my account to to much risk from the same currency (USD). Price has now pushed down between consolidation range so I expect the support of 0.64500 to be tapped at the least (taking 30% profit on position), from there I expect a reaction but hoping to see this level break and create a new leg down..(long term). RISK MANAGMENT comes before anything!! Good luck traders hopefully everyone's having a good week so far!!
Short
by jamison_fx
1
AAPL , Advanced Trade Setup - Apple Spread Option AnalysisWe are entering a long position in AAPL using option calls. There are many ways you can go long for this play, but we strongly feel AAPL will hit around $170, so a pure call is our play. For those who want a safer route we suggest either just getting the stock on spot, or enter into spread options. Our strike is $155 with a Dec. 16th expiration. Though we do also like $160 strike too for a cheaper price, with the same expiration. This is a swing trade, and with the current market conditions this entry seems at a perfect point. With September - the worst trading month of the year - ending, we like the place that AAPL has fallen to. A head of us we have better performing months, coupled with the synthetic push up that usually occurs after Thanksgiving, added with a new iphone released seems positive. This seems it could create extra fuel for an equity that has already had a decent drop, and leveling out. Today we had the SP drop hard, accompanied by Forex, Gold, and Crypto. During this time AAPL rose slightly, so seeming these other markets probably have stopped the fall for now, it looks this could add to the entry time being opportune.
NASDAQ:AAPLLong
by VirlVideo
3
MATIC with the W 😎💰Many #Altcoins had local double tops after the recent run up which look like they could form W bottoms. Scan your favorite coin and it likely created a local double top or ran into long term trend lines. MATIC 4hr Entry: 0.72-0.73 T1: 0.785 Top of the pattern which would become triple top if failure to break the neck line. T2: 0.835 SL: 2-4% below entry based on risk Set ups like this are great. If you get stopped out the trend is likely in full reverse so the R:R becomes even stronger & more appealing.🫡 Never trade with out a stop loss and plan.
MLong
by jlouvierobv
4
$JPY: BOJ - Let's challenge you!BOJ - Let's challenge you! Intervening in there currency was a perfect technical set-up as well but as I started in my previous posts, we are going to re-rest the highs as we are, and we could perhaps go further if we break above that spike high of 146 area. However, we could get a fake break to either direction that's where you should be careful. Technically we have a great technical set-up once again! Formation: Triangle Bears: A break below 143 half handle we could head down to 142 half areas. Bull: A break above 146 areas we could ahead above to 146 three-quarter areas. Fundamentally: BOJ just like BOE followed and ECB are doing in having to intervene due to higher DXY - print money despite high inflation, in order to support their sovereign bond markets. BOJ intervening is being tested highly! Key tip: Be careful of fake break outs and follow your own trade plan Have a great week ahead, Trade Journal
by Trade_Journal
3
BITCOIN ANALYSIS - BEARMARKET BOTTOMHey Traders, Im Astro and today i show you my Bitcoin Monthly Analysis. Where do i think is the bottom? - Best case: 14000$ - 11000$ - Worst case: 7000$ - 4000$ Where will i buy? - I will buy a lot of Cryptos when Bitcoin is in the 14000$ - 11000$ area. Will i trade this with leverage? - Yes i will also open some 2x-5x Longs on BTC and ETH at that area and dca them and hold them for the bullrun 2023/2024. I hope you like this idea and if you got any questions feel free to ask. I will come back here and give updates.
INDEX:BTCUSDShort
by MM_TRADEZ
3
NIVIDIA - Long Trade Setup - Near Key Support, Watch For BounceHello Traders, here is a long trade idea for NIVIDIA. The market is oversold and overdue for a bounce. Yes, there is the potential that price heads lower but with the DXY approaching resistance there is a strong probability that we will see a bounce in the market this week. NIVIDIA is approaching a key support level at $119, this is an excellent entry for a long trade. Take profit #1 is at $130 TP #2: $143 For a stop loss: Personally I typically average down in trades like this so please use whatever risk management strategies that you typically use that suits you. After we bounce there will likely be a rather large sell off so make sure that you don't get trapped in the trade. Thanks everyone and best of luck trading!
NASDAQ:NVDALong
by natef1
8