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Burlington Stores is set for significant upward movement. After the market crash in March 2020, the stock price stabilized around the 110 level and began to rise. This upswing drove the price to an impressive high near 350, reaching an all-time peak. During this phase, a Rising Wedge pattern formed, and following a subsequent breakdown, the stock underwent a significant correction, returned to its previous support level. Subsequently, the stock made a strong recovery, climbing to around 250 before encountering resistance. After a notable decline, it found support once more near 115. Another rebound occurred, leading the price to a recent breakthrough above previous resistance levels. It is anticipated that this momentum will persist, leading the stock to achieve new highs in the near future.
NYSE:BURLLong
by NaranjCapital
AUDUSD Preweek Potential Weekly Bias/Set-upsLast week on AUDUSD we saw a bounce back from a huge bearish drop to begin the week. We saw a huge drop Monday and the trading pair bounced back bullish for the week. We had a final push bullish on Thursday to another higher level around .66000 and from there to the end of the week a small pullback to .65750 as seen on the 1 Hour. We are seeing a short uptrend beginning and will continue to follow the market structure with higher highs and lower lows. The previous low is where the BOS line is placed on the analysis. A break below the BOS line will alert us to a potential trend reversal. Anything above that pint still follows the uptrend. Ace Trading Academy will keep you updated on future moves. This analysis is only to generate trade ideas. Do proper research upon trading and before executing your trades. Subscribe to my website for more updates and for valuable content coming out! The URL is found in my profile.
Long
by AceTradingAcademy
15m Trade Plan | IntradayHere's a breakdown of the steps you can follow to analyze the 15-minute chart based on your strategy: Identify a Valid Break of Structure (BoS): On the 15-minute chart, find the most recent significant swing point where the price broke a previous structure. This is your BoS. Mark the Swing High and Swing Low associated with this BoS. Mark Internal Pullbacks (Liquidity Spots): Within the range of the Swing High and Swing Low, identify the smaller pullbacks or retracements. These are the internal liquidity spots. Mark these liquidity spots on your chart. Identify Sub-Internal Structural Points: Between the marked liquidity spots, look for even smaller price movements or minor structural points that may represent areas of consolidation or minor trend reversals. Mark these sub-internal structural points on the chart. Determine Entry Points: Based on the liquidity sweeps: Buy-side liquidity sweeps: Look for areas where the price sweeps the liquidity above the previous highs. Sell-side liquidity sweeps: Look for areas where the price sweeps the liquidity below the previous lows. Take entries at these points depending on the direction of the BoS. Consider the 15-Minute BoS Direction as the Continuation Trend: Ensure your entries align with the overall trend direction indicated by the 15-minute BoS. If the BoS is upward, focus more on buy-side entries. If the BoS is downward, focus more on sell-side entries. This approach helps you stay aligned with the trend while also capitalizing on liquidity sweeps for potentially high-probability trade entries.
FX:XAUUSD
by arjTradingofficial
Jesse Livermore: Trading Lessons From an Iconic Trader● Jesse Livermore, a successful stock trader, built a fortune of $100 million in 1929. He operated independently, using his own capital and strategies. Livermore preferred trending stocks and used price patterns and volume analysis to decide trades. ● Livermore's Trading Principles (1) Trade with the trend A well-known saying is "The Trend Is Your Friend." Livermore preferred to trade stocks that were trending and avoided sideways market. (2) Get confirmation before entering any trade Hold off until the market shows clear signs before making a move. Being patient can lead to significant profits. (3) Trade with a strict stop-loss It is crucial to set a strict stop-loss for every trade, and it's important to know the stop-loss level before starting any trade. This approach can help a trader avoid significant losses. (4) Trade the leading stocks from each sector Livermore liked to trade stocks that were leaders in their industry. He thought this approach could increase his chances of winning. (5) Avoid average down losing trades He chose to exit the position rather than averaging it down. (6) Avoid following too much stocks It's quite challenging to monitor numerous stocks simultaneously. Focusing on a smaller number of stocks could lead to better trading opportunities.
Education
by NaranjCapital
GBPUSD Analysis Week 32Fundamental Analysis GBP/USD ended the trading week with a last-minute win after the US Non-Farm Payrolls (NFP) missed expectations, sending the greenback lower across the board. The pound fell this week after the Bank of England (BoE) delivered a 25 basis point interest rate cut on Thursday morning, while US jobs data provided further warning signs that the US economy may be contracting faster than investors initially expected. The US will see the ISM Manufacturing Purchasing Managers’ Index (PMI) for July on Monday. On the UK side, BRC Retail Sales for the year ending July are expected to rebound to 0.3% after a -0.5% decline in the previous period. Technical Analysis GBPUSD forms a wide range after the NF announcement with the nearest support resistance in the range of 1.286 and 1.270. On the H4 timeframe, EMA 34 is below EMA 89, indicating that the market structure is leaning towards a bearish trend with the lowest retracement around the support zone of 1.262. On the other hand, any daily close above the resistance level of 1.286 and candle close above both EMAs confirms an uptrend with the weekly resistance peak at 1.294 Resistance: 1.286-1.294 Support: 1.270-1.262 Trading Signals BUY GBPUSD zone 1.262-1.260 Stoploss 1.258 SELL GBPUSD zone 1.294-1.296 Stoploss 1.298
by TVS-Trader
2
AUDUSD trading scalpingAustralian Dollar declines due to increased risk aversion, awaits US Services PMI The Australian Dollar declines following the soft Purchasing Managers Index data release on Monday. Australia Composite PMI fell to 49.9 in July from 50.2 in June, with Services PMI decreasing to 50.4 from 51.8. The US Dollar lost ground as recent downbeat employment data boosted expectations of a Fed rate cut in September. BUY AUDUSD now zone 0.64300-0.64100 ↠  Stoploss 0.63900 → Take Profit 1 0.64600 → Take Profit 2 0.65300
by TVS-Trader
Potential Bullish Reversal for Stader (SD/USDT)#SD/USDT #Analysis Description --------------------------------------------------------------- + The chart shows a descending channel pattern forming since the peak in end of 2023. The price has respected the upper and lower bounds of this channel multiple times, indicating a strong bearish trend within this range. + The price is currently near the lower boundary of the descending channel, around $0.51, which has acted as a significant support level. + A breakout above the upper boundary of the channel around $0.93 could signal a potential trend reversal. + If the price holds above the $0.50 support level and breaks out of the descending channel, we can expect a potential move towards the $1.15 resistance zone. + Further upside could see the price targeting the $2.00 - $2.50 levels + The RSI is currently at 40.42, indicating that the asset is nearing the oversold region. A reversal in RSI towards the 50 mark would support a bullish momentum shift. --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: $0.5109 Stop Loss: $0.37 ------------------------------ Target 1: 0.8259 Target 2: 1.15 Target 3: 2.0 Target 4: 3.0 Target 5: 5.0 ------------------------------ Timeframe: 1W Capital Risk: 1-2% of trading amount Leverage: 5-10x --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Feel free to share your thoughts and insights. Don't forget to like and follow us for more trading ideas and discussions. Best Regards, VectorAlgo
Long
by VectorAlgo
Potential Bullish Reversal for WFI (WIF/USDT)#WIF/USDT #Analysis Description --------------------------------------------------------------- + The chart shows a descending channel pattern forming since the peak in early 2024. The price has respected the upper and lower bounds of this channel multiple times, indicating a strong bearish trend within this range. + The price is currently approaching a significant support zone around $1.80, which aligns with the lower boundary of the descending channel. + A breakout above the upper boundary of the channel around $2.30 could signal a potential trend reversal. + The EMA 100 (blue line) and EMA 55 (light blue line) are currently acting as dynamic resistance levels. A break above these moving averages would add to the bullish sentiment. + If the price holds above the $1.80 support level and breaks out of the descending channel, we can expect a potential move towards the $4.00 - $4.50 resistance zone. Further upside could see the price targeting the $6.50 - $7.00 levels, as indicated by the dotted arrow path. + The RSI is currently at 37.31, indicating that the asset is in the oversold region. A reversal in RSI towards the 50 mark would support a bullish momentum shift. + As long as the price remains above the $1.80 support level, there is a potential for a bullish reversal. --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: $1.80 with confirmation of suppor Stop Loss: $1.3 ------------------------------ Target 1: 3.042 Target 2: 4.170 Target 3: 5.0 Target 4: 7.0 ------------------------------ Timeframe:1D (Daily) Capital Risk: 1-2% of trading amount Leverage: 5-10x --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Feel free to share your thoughts and insights. Don't forget to like and follow us for more trading ideas and discussions. Best Regards, VectorAlgo
Long
by VectorAlgo
Potential Bullish Trend for Stacks (STX/USDT)#STX/USDT #Analysis Description --------------------------------------------------------------- + The chart shows a strong ascending trendline acting as support, originating from the low in mid-2022. This trendline has been respected multiple times, indicating its significance.+ + The price has broken above the previous resistance zone around $1.90, now acting as a support level. + The next major resistance zone is between $3.80 and $4.50, which was previously a strong support zone before the price breakdown in mid-2021. + The EMA 100 (blue line) is currently acting as dynamic support, aligning with the ascending trendline and providing additional support to the bullish case. + If the price holds above the ascending trendline and the $1.90 support zone, we can expect a retest of the $3.80 - $4.50 resistance zone. + A successful breakout above this resistance could see the price targeting the next psychological level around $6.00 and potentially higher to $7.50 + The RSI is currently at 46.92, which is neutral but showing signs of potential reversal from the oversold region. If the RSI moves above 50, it would support the bullish momentum. --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: $1.587 Stop Loss: around $1.20 ------------------------------ Target 1: 2.660 Target 2: 4.050 Target 3: 6.00 Target 4: 7.5 ------------------------------ Timeframe: 1W Capital Risk: 1-2% of trading amount Leverage: 5-10x --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Feel free to share your thoughts and insights. Don't forget to like and follow us for more trading ideas and discussions. Best Regards, VectorAlgo
Long
by VectorAlgo
Gold forms wave 5 of the Elliot wave☘️Fundamental analysis At the beginning of the Asian trading session on July 25, gold fell deeper than 1%, as of the time this article was completed, gold was trading at 2,372 USD, equivalent to a decrease of 25Dollar during the day. But times have changed and things have changed now so I changed my mind. The Fed should cut interest rates, preferably at its interest rate meeting next week. Gold traders are now awaiting second-quarter US GDP data today (Thursday), as well as the latest personal consumption expenditures (PCE) price index on Friday, as this is the gauge Fed's preferred inflation. Although gold has been supported by news from India that has reduced import tax on gold and silver from 15% to 6%. But the main reason why gold prices are still being sold off is partly due to profit-taking motivation, and a Partly because Trump's victory will support the Dollar, Trump is known as the President with a harsh tariff stance. The main factor currently supporting gold prices is market expectations that the Federal Reserve may actually decide to cut interest rates before September. ☘️Technical analysis After reaching the 0.5 Fibo retracement zone of the gold downtrend, wave 5 has formed and we are waiting for the end of wave 5 to catch the recovery wave. Note support points to BUY around 2363-2362. If this price range is broken, the next strong support zone is around 2350. Gold has formed a falling price channel with key resistance levels at 2384 and 2400. Today's price range zones are used to trade news and enter orders when the signal touches an important price zone. Trading signals SELL zone 2398 - 2400 Stoploss 2404 SELL zone 2382-2384 stoploss 2387 BUY zone 2364 - 2362 stoploss 2358 BUY zone 2352 - 2350 stoploss 2346 Wishing you a successful trading day
OANDA:XAUUSD
by TVS-Trader
Microsoft - We still have to be patient...NASDAQ:MSFT dropped after reporting earnings and can now create a short term correction! Simplicity is key, also when it comes to trading the higher timeframes on stocks. All you need are three lines in order to fully understand the trading history and also future of Microsoft. If we get a retest of the triangle breakout level, which is perfectly lining up with the rising trendline, a bullish continuation will be quite expected. Just wait for confirmation first though! Levels to watch: $350 Keep your long term vision, Philip - BasicTrading
NASDAQ:MSFTShort
by basictradingtv
GBPUSD - Sell trade July 24 2024I'm Back! - busy with some learning materials as I level up on analysis and data. attached here is the GBPUSD july 24 2024 trade. I noticed supply introduced in daily TF up to 4H TF ( markets are fractal) . It makes me conclude that it will be a bearish momentum (correction) because of wyckoff accumulation last week. As I continue to monitor the charts during London session, I noticed liquidity sweep in highs of the structure, so I create an alert in my algorithm to alarm when it noticed a tiny supply introduced in 15 min TF. Setting a pending order aiming to have 5:1 RR. During N.Y session, it moves according to plan, coming to fruition this morning (PH time) . (check charts for a detailed analysis) # wyckoffdistribution #algorithm #supplyanddemand
Short
by glyrad
EURUSD analysis new weekFundamental analysis Broad market hopes for a faster pace of interest rate cuts from the US Federal Reserve (Fed) peaked on Friday despite producer price index (PPI) wholesale inflation. of the United States increased significantly. The Fiber index extended its third straight weekly gain as investors' risk appetite was kept at a ceiling. US Retail Sales figures will be released next Tuesday and Euro traders will have to wait for the European Central Bank's (ECB) latest interest rate call next week, which is expected ​takes place early next Thursday. The ECB recently delivered a quarter-point rate cut in early June, but further cuts appear unlikely and markets are generally forecast to cautiously leave rates unchanged in July. Technical analysis EUR/USD notched a third straight weekly gain, closing Friday slightly above 1.0900. The pair is up 2.3% from its late-June lows and the day's price action is preparing for a clash with the next technical resistance around 1,097. Beyond this peak, EURUSD will continue to move towards the previous year's high at 1,112. In the pullback the direct support level is at the point where investors fought a lot before choosing the winning BUY side at the 1.082 price zone, which is the same zone supported by the two EMAs. In a trend reversal next week's low could reach around 1,068. Support: 1,082-1,068 Resistance: 1,097-1,112 SELL EURUSD zone 1.082-1.084 Stoploss 1.085 SELL EURUSD zone 1.112-1.114 Stoploss 1.115 BUY EURUSD zone 1.082-1.080 Stoploss 1.079 BUY EURUSD zone 1.068-1.066 Stoploss 1.065
by TVS-Trader
4
Gold will soon hit the 2500 markFundamental analysis Gold prices edged up slightly above $2,470 a troy ounce on Thursday, remaining near record highs amid growing optimism that the Federal Reserve (Fed) will cut interest rates in September. Low Interest Rates makes non-yielding assets like Gold more attractive to investors. Federal Reserve officials have expressed growing confidence that the pace of price increases is now more in line with policymakers' goals. Traders will likely keep an eye on weekly US Initial Jobless Claims and the Philly Fed Manufacturing Index on Thursday, along with a speech by the Fed's Lorie Logan. Technical analysis However, the 14-day Relative Strength Index (RSI) is positioned slightly below the 70 level, suggesting confirmation of the bullish trend but also overbought conditions for the asset. A correction can be expected in the short term. . A breakout above this 2470 level could see the pair test the old peak of 2484 and a gradual move towards the psychological level of 2500 On the downside, the Exponential Moving Average (EMA 34) on the h4 timeframe is forming two strong support levels at 2,440 which could act as immediate support, followed by the lower boundary of the ascending channel at $2,421. A break below the latter could put downward pressure on the XAU/USD pair to navigate the area around the regression support at $2,290. Support: 2450 - 2442 - 2432 Resistance: 2485 - 2495 - 2500 - 2515 - 2525 BUY zone 2442 - 2440 stoploss 2436 BUY zone 2432 - 2430 stoploss 2426 SELL zone 2485 stoploss 2490 SELL zone 2500 stoploss 2500
OANDA:XAUUSD
by TVS-Trader
Gold is about to welcome a low interest rate cycle☘️Fundamental analysis Gold prices ended their decline in early European trading on Monday. Gold will gain further amid dovish expectations from the Federal Reserve (Fed). In fact, market participants appear to believe that the Federal Reserve (Fed) will begin cutting interest rates in September, which is seen as a boost for the yellow metal. Additionally, US political anxiety following the assassination of former US President Donald Trump and China's economic difficulties confirm the positive short-term outlook for XAU/USD. ☘️Technical analysis From a technical perspective, the strong recovery after touching the 2400 support zone has shown that investor sentiment is still supporting the BUY side. Buying power is further strengthened when RSI always remains stable above 50. If the pre-market reaction is small and continued selling at 2410 could pull gold towards the key support area at 2393. A further decline could expose support at the 89 EMA in the h4 frame and this is a controversial price area around 2370-2368. In the direction that the whole market is expecting. Last week's high, around $2,425 now appears to be acting as an immediate barrier, above which Gold prices are more likely to return to challenge all-time highs, around 2,450. Support: 2393 - 2382- 2370 Resistance: 2425 - 2433 - 2448 Trading signals BUY GOLD 2393-2391 Stoploss 2387 BUY GOLD 2370-2368 Stoploss 2365 SELL GOLD 2433-2435 Stoploss 2438 SELL GOLD 2448-2450 Stop loss 2453
OANDA:XAUUSD
by TVS-Trader
EURUSD analysis week 28☘️The EUR/USD exchange rate fluctuated strongly after the US Nonfarm Payrolls (NFP) report was released mixed on Friday. The price is trading around 1,083 near the three-week peak. ☘️European industrial output fell more sharply than expected. EU-wide retail sales beat forecasts, coming in at 0.3% year-on-year versus an expected 0.1%, but still down from 0.6% previously. ☘️Yarn traders will pay attention to the appearance of Federal Reserve (Fed) Chairman Jerome Powell on Tuesday, followed by final inflation figures from both the EU and US on Thursday. Next Friday will close out next week with German Retail Sales, as well as US Producer Price Index (PPI) inflation and the University of Michigan's Consumer Sentiment Index survey results. ☘️GBPUSD has approached the 1.085 peak area, continuing to bring EURO back to being the world's leading currency. Momentum has shifted in favor of buyers as depicted by the Relative Strength Index (RSI) price increase. The nearest resistance level at 1,085 should prevent a surprise rally after the US data. If the price breaks through that level, the price will reach a recent two-month high around 1,090. On the other hand, if the sellers push the price down, the pair has many important support levels to maintain the stability of the uptrend first around the disputed 1,079 EMA support zone. If this support fails, the next demand zone will be the Break out of the sideway trend at 1.075. Support: 1,085-1,089 Resistance: 1.079-1.075 Trading signals SELL EURUSD zone 1.089-1.091 SL 1.093 BUY EURUSD zone 1.075-1.073 SL 1.071
by TVS-Trader
2
GBPUSD July 4 analysisGBP/USD hovers around 1.2750 on UK election day GBP/USD is trading sideways near 1.2750 during the European session on Thursday. A generally weaker US dollar helped the pair maintain its upward momentum but traders did not place further bets on the British Pound as British voters went to the polls. The Relative Strength Index (RSI) on the 4-hour chart has risen above 60, reflecting accumulating bullish momentum. Additionally, the last 4-hour candle closed above the 100-period Simple Moving Average. On the positive side, the 20-day Simple Moving Average (SMA) and 200-period Simple Moving Average (SMA) on the 4-hour chart form strong resistance near 1.2700. In case GBP/USD rises above this level and begins to use it as support, technical buyers may remain interested. In this scenario, 1.2750 (static level) and 1.2800 (static level, psychological level) can be considered as the next resistance. If GBP/USD fails to break above 1.2700, it could trigger a technical correction. The 100-day SMA links to key support at 1.2640 ahead of 1.2600 (psychological level, static level). Trading signals BUY GBPUSD zone 1.27000-1.26800 ↠  Stoploss 1.06700 → Take Profit 1 1.27500 → Take Profit 2 1.28000 SELL GBPUSD zone 1.28000-1.28200 ↠  Stoploss 1.28300 → Take Profit 1 1.27700 → Take Profit 2 1.27000
by TVS-Trader
1
VBL/SWING TRADE# ENGULFING CANDLE AT RTST LEVEL #TALING SUPPORT FROM MA21 EMA 21 # SL 1573 ALWAYS TAKE RISK REWARDS INTO ACCOUNT. IT IS THE CORE STRENGTH OF TRADING. NO MATTER WHAT END OF THE DAY WHAT YOU EARN - WHAT YOU LOSE =RETURNS "Investing in the stock market involves balancing risk and reward. Higher potential returns typically come with higher risk, while safer investments may offer lower returns. It's essential to assess your risk tolerance and investment goals carefully. Diversifying your portfolio can help manage risk. Remember, informed decisions and a long-term perspective are key to navigating the complexities of the market."
NSE:VBLLong
by varunprakashmr
World gold prices soared as the USD cooledWorld gold prices soared as the USD cooled after US Federal Reserve Chairman Jerome Powell made less hawkish statements on monetary policy. Fed Chairman Jerome Powell expressed satisfaction with the pace of cooling in US inflation over the past year. This is a less hawkish signal about monetary policy. The DXY index - measuring the greenback's fluctuations against six major currencies - fell from 106 points to 105.4 points on the US market. Gold prices immediately increased. Investors are betting on the possibility that the Fed will have to consider the possibility that cutting interest rates too late could affect the recovery and growth of the US economy.
OANDA:XAUUSDShort
by TrategySherpa
SRF/SWING TRADE # PRICE LOOKING BACK TO PREVIOUS TREND #PRICE TRADING IN A PATTERN # TAKING SUPPORT FROM MA 21 MA 50 EMA 21 #SL 2370 ALWAYS TAKE RISK REWARDS INTO ACCOUNT. IT IS THE CORE STRENGTH OF TRADING. NO MATTER WHAT END OF THE DAY WHAT YOU EARN - WHAT YOU LOSE =RETURNS "Investing in the stock market involves balancing risk and reward. Higher potential returns typically come with higher risk, while safer investments may offer lower returns. It's essential to assess your risk tolerance and investment goals carefully. Diversifying your portfolio can help manage risk. Remember, informed decisions and a long-term perspective are key to navigating the complexities of the market."
NSE:SRFLong
by varunprakashmr