Bullish Swing Trade Alert for $MUThe TT Blackbox alerted $MU as a Bullish Swing Trade alert at 11 CST. Entered the trade at $44.13. I am looking for the bullish swing to last over the next couple of trading days.
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EURUSD - Day trade view.Refer the chart for detailed analysis ;
EURUSD - Going for a breakout in hourly candle.
Potential upside target 1.18539
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EURCHF Analysis For The Week AheadLast week EURCHF broke out of the indecision structure(ranging) it was in and made an uptrend market structure. What it is currently doing is a pullback.
Im looking to enter on the retest of the previous resistance to turn it into a support and look for EURCHF to make a new high on the 4hr uptrend its in now and test the high of the previous downtrend it was in previously. TP#1 at the most recent high and TP#2 at the high before that. SL will go under the higher low it forms on the retest, max pip SL of 30 pips.
CADJPY- LONGTHE PROBABLE VS THE POSSIBLE
This is how I think going into trades. There's 2 scenarios to every trade and I like to prepare for both of them to optimise on the opportunities in the market. Here I'm looking for a LONG opportunity. But a SHORT could easily be in play. I'm looking for confluences to make this trade more valid and in my favour!
-Break and Retest previous level of structure
-Bullish candle closure
- A break and close above the 40EMA
-The Retest off of a fibonacci level.
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NZDUSD Double Top Rejecting HTF Downtrend LineNZDUSD on the higher timeframes is in a clear downtrend
Price has recently rejected the HTF downtrend line with a double top (reversal pattern), visible on the 4h and below.
Price then broke below the neckline but has respected an up trend line and is now retesting the neckline of the double top, which usually happens before a double top becomes successful.
Currently price has strongly rejected the neckline, with a pin bar like candle on the 4H closing on the neckline, and now a large bearish candle on the 4H showing strong bearish momentum.
Our 3+ reasons to take this trade
-HTF downtrend line rejection
-4H Double top
-Neckline break and retest
-Multiple 4H reversal candle confirmation on the retest
-Break of uptrend line
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EURJPY Price has bounced in our make or break zone whats next? This is a full breakdown of my perception of price action on higher time frames! I take my entries using smaller time frame confirmation and you should, too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below!
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WANBTC | Volatility Contraction | Trade Setup Today’s Chart- WANBTC – trading in a poll attempting to breakthrough local resistance
Points to consider:
- Below average volume
- Volatility contraction
- RSI bearish divergence
- Failed breakout attempt
WANBTC currently putting in a weak retest of local resistance after a recent failed breakout attempt
Volume is clearly declining and remaining below average, this is usually an indication of an influx being imminent
Volatility has also contracted with multiple inside bars indicative of an impending breakout
The RSI has a valid bearish divergence, a sign that the local trend is weak
Overall, in my opinion, WANBTC is likely to retrace to the 100 EMA or local support where a long position may be opened and added to as we verify a successful S/R flip above local resistance with a target of .618 Fibonacci retracement also in confluence with structural resistance.
EURUSD IN DESCENDING TRIANGLE Hello my fellow traders, hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into the analysis.
As we can see, the price is currently in descending triangle. One can wait for breakout.
Let us know your views on this in the comment section. Thank you all.
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GBPUSD At Support Level .GBPUSD is trading in an ascending triangle pattern. It is now at the very support level of the ascending triangle pattern. One can initiate a long trend on pair with a stop loss just below the support line of the ascending triangle. But, if it breaks the ascending triangle pattern on the downside, we might see a fresh downside in GBPUSD, as it is also forming a minor head and shoulder pattern within the ascending triangle pattern.
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