USDJPY Going Up| Trade AnalysisHello Traders, here is the full analysis.
Watch strong action at the current levels for BUY. GOOD LUCK! Great BUY opportunity USDJPY
I still did my best and this is the most likely count for me at the moment.
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Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Patience is the If You Have Any Question, Feel Free To Ask 🤗
Tradesignal
LIN Entry, Volume, Target, StopEntry: with price at or slightly above 393.68
Volume: with volume greater than 1.47M
Target: 408.78 area (this is an area, no guarantee it reaches this price, but you should be selling on the way up)
Stop: Depending on your risk tolerance; Based on an entry of 393.68 & target of 408.78, a stop at 386.12 gets you 2/1 Reward to Risk Ratio.
This LONG swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
GE Entry, Volume, Target, StopEntry: with price at or slightly above 117.97
Volume: with volume greater than average
Target: 125.35 area (this is an area, no guarantee it reaches this price, but you should be selling on the way up)
Stop: Depending on your risk tolerance; Based on an entry of 117.97 & target of 125.35, a stop at 114.24 gets you 2/1 Reward to Risk Ratio.
This LONG swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
XRP/usdt SeptemberI am pretty certain XRP is heading towards 0.60 mark, this could take 1-2 weeks or a month.
But on the way I will be taking small positions both up & down...
My analysis is as below,
( Note that these are all my assumptions and not facts )
- as of today or tomorrow, XRP should drop to around 0.475, it may drop further.
- after the drop it should start a bullish movement heading towards 0.4980 as the first target and 0.53 as the second target.
Please do your own analysis before taking risks.
COMP Trade UpdateTraders,
Just realized I wasn't able to post the very fortunate trade entry that was made by me during our most recent flash crash a few days ago. I missed this post due to being briefly banned by TradingView for inadvertently violating House Rules.
Long story short, I happened to be sitting at my computer that evening and was perusing the charts per the usual manner. I noticed that COMPUSD had reached its target down from the recent Head and Shoulders pattern seen. But because the selling pressure was so heavy I decided to set my buy order even lower per chance I might get the order triggered and filled. Therefore, I looked for the next best level down and found that level at 35.55. This is where I set my buy order. Lo and behold it was filled! In fact, my chart which gathers data from the Coinbase exchange here, shows the candle wick bottomed only a few cents lower at 35.43! This, traders, is why charting levels, trends, and patterns can be very helpful.
Technical analysis is not always right. In fact, we have to count on a good percentage of our analysis being wrong. Such was the case in quite a few of my last entries which were stopped out during this flash crash. But TA gives us much better insight into what the probability of the trade becoming profitable might be. Pair TA with some fundamental analysis and you are well on your way to becoming a seasoned trader.
Back to this chart. You can see that we remain in the H&S Target box. From a technical perspective, this remains a good re-entry area.
Here are the positives:
RSI back above support
RSI still near oversold
Price in H&S Target Box
Price above good support (red area)
Here are the negatives, including fundamental considerations:
China FUD re: Evergrand bankruptcy
Elon FUD selling BTC
Macro-economic uncertainty = risk-off
Fed Powell Speech Friday
And one TA negative is that current candle is a shooting star
As you can see, technically the trade remains in your favor. But there is a lot of FUD out there. Be cautious. Never risk more than you can afford to lose.
Best,
Stew
FTMUSDT SHORT OUTLOOKHello Traders, this is outlook that i think might be work. All Entry, Stop Loss, and Take Profit its already showed up. All trade it is on yourself. Be carefull for the PPI News. It gonna make market in high volatile. DYOR
GBPUSD Critical Pointthe pair is in a rising wedge and can make a good decision about the side to move
as we could see in past the price was showing some divergence with MACD (linked) and being in a rising wedge could be a good sign to short it
but from the other side we can see that it has broken the resistance and it is currently retesting it from the above so if it stands as a support we can be longing it too.
better to have an eye on DXY as well (Linked)
we believe it is better to wait and see which side it is finalizing and then surf it to the defined TP.
3 Reasons to Buy GOLD now as All-Time High BeckonsGold is expected to continue its upward trend based on the analysis provided by UBS economists. Factors such as central bank demand, broad US Dollar weakness, and potential safe-haven flows during a US recession support the buy signal for XAU/USD. Traders should closely monitor market conditions, including any developments that may impact the US Dollar or global economic stability.
TRADE IDEA DETAILS
CURRENCY PAIR: #XAUUSD (Gold/US Dollar)
CURRENT TREND: Bullish
TRADE SIGNAL: ↗️Buy Signal
👉ENTRY PRICE: $1,965
✅TAKE PROFIT: $2,012
❌STOP LOSS: $1,928
3 Reasons to Buy Now as All-Time High Beckons:
Central bank demand should remain robust: UBS economists expect central banks to continue buying gold at a higher rate than the average since 2010, which indicates strong demand. This trend is driven by heightened geopolitical risks and elevated inflation. Central bank buying provides support for gold prices.
Broad US Dollar weakness supports Gold: UBS also highlights the weakening trend of the US Dollar (USD). Gold has historically performed well when the USD softens, and UBS predicts another round of USD weakness over the next 6-12 months. The negative correlation between gold and the USD suggests a potential upside for gold prices.
Rising US recession risks may prompt safe-haven flows: Recent data from the US indicates slowing growth and tighter credit conditions, which could weigh on the economy and corporate profits. UBS mentions that gold's relative performance versus the S&P 500 tends to improve during US recessions. In uncertain times, investors often seek safe-haven assets like gold, which could drive demand and push prices higher.
AUDCAD MASSIVE RALLY UPCOMINGThis week we saw a dump in all the CAD pairs and I was a beneficiary of that dump. I took a sweet short on NZDCAD. This coming week, AUDCAD has lined up well for a sweet long. On the monthly timeframe, we are on a critical demand level, and on the daily, we have buy-side liquidity to take before heading to my TP.
I will be monitoring this pair for a CHOCH before going long.
I would advise you to observe for manipulations before the bullish move so you don't take a hit.
Here is the NZDCAD setup I took which played out perfectly.
I will be sharing more trade ideas and setups in the coming days.
Ensure you are following me so you don't miss out.
Cheers,
David