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Trend Lines

ASII Buy Trade Setup1. Trend Confirmation: Identified a Change of Character by the break of the previous high at 4830, also the break of previous downtrend, indicating a reversal in market sentiment and a new bullish trend. 2. Fair Value Gap (FVG): On the Weekly chart, identified Fair Value Gap between 4790 - 4940. 3. Trade Execution Entry Price: 5100 ( Long Bullish Bar on 21 Oct 24) SL: 4770 (FVG) TP1: 5900 Risk-Reward Ratio (RRR): 1:2.4 Monitoring: Check-in daily closing price 4. Outcome: Exit Price: Profit/Loss: pips ------------- Disclaimer The analysis and content provided here are intended solely for personal journal and educational purposes. This information does not constitute financial advice, investment advice, or a recommendation to buy or sell any securities. Trading involves significant risk, and you should only trade with money you can afford to lose. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions.
IDX:ASIILong
by Phoenix-Rise-Trade
Alikze »» Dogs | Descending channel🔍 Technical analysis: Descending channel - It is moving in a descending channel in the 4H time frame. - Due to the fact that there is a demand in the middle of the channel, this movement can continue up to the ceiling of the channel. - At the top of the channel, if there is a correction and a soft landing up to the green box range, it will have the ability to grow up to the specified areas by creating demand again. 💎 Alternative scenario: in case it faces selling pressure after hitting the ceiling of the channel and this selling pressure continues sharply, it will lead to the failure of the middle range of the channel and the green box will not be able to hold the price and it can The broken move towards the downward targets and the bottom of the channel until the range of the second green box. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« BINANCE:DOGSUSDT
Long
by alikze
BankNifty Levels for Intraday for 22 Oct 2024BankNifty is trading between support and resistance zone but it is still in bullish channel so trading on buy side has high probability. We can go long when price starts reversing from 51850-51900. Trade only when price comes to support zone for good risk to reward and high probability. Note : Its just an analysis, wait for the price to confirm. Disclaimer : Always follow risk to reward, this is the only key to success in market, no matter how much good a trade is looking we never know the future.
NSE:BANKNIFTYLong
by smrgrover2
Gold Prices Surge to New Heights The weekend news cycle has once again ignited tension in the market, leading to gold prices hitting a historic high of $2732 at Monday's open, followed by a sustained increase of approximately 10 basis points. This trend aligns with my forecasts, and I anticipate that both the London and New York markets will continue to rise in the coming days. Looking ahead, gold prices are expected to reach new dimensions this week. In terms of trading strategy, I recommend employing a buy-low, sell-high approach, with particular attention to the critical levels of 2725 and 2712. Members utilizing rapid trading strategies should remain vigilant, as new strategies will soon be announced.
TVC:GOLDLong
by George_parse
ETHUSD Possible bounce to the Up Side from the support crossingThe market has formed a double bottom and has successfully broken and closed above this pattern, as well as above the previous resistance level at 2650, which had been respected before. This indicates that the market is creating higher lows, signaling increased buying pressure. If the price bounces off the support zone below and forms rejection candles, it would suggest strong buying interest and further confirm the potential for an upward trend. The target is the resistance zone around 2750
COINBASE:ETHUSDLong
by RTED_Investing
1
CADJPY Bullish Correction against the down trendCADJPY recently made a fake breakout of the previous support level, but quickly bounced back, taking liquidity below the previous week's low. On the daily timeframe, a long-tailed bar has formed, signaling that bulls are pushing the price higher. Additionally, on the 4H timeframe, another long-tailed bar confirms the buying pressure. A bullish divergence is present, indicating a potential trend continuation. If the market breaks and closes above the 108.500 resistance level, it could likely test the level above the equal high on the left, further confirming the bullish sentiment. The target is the resistance zone around 109.15
Long
by RTED_Investing
XAUUSD Potential breakout to a new ATHXAUUSD has broken and closed above the downward channel, signaling a strong bullish trend. As the price approaches the all-time high (ATH) level, there is potential for a pullback as traders may take profits or reassess positions. However, with the current bullish momentum, the market is likely to continue moving higher, even if a slight pullback occurs. If the price does pull back, looking for rejection signs near key support levels could confirm further upside. The target is the resistance zone at 2698
FOREXCOM:XAUUSDLong
by RTED_Investing
HelenP. I Gold will correct to trend line and then continue riseHi folks today I'm prepared for you Gold analytics. In the chart, we can see how the price, some time ago, rebounded from support 2, which coincided with the support zone and tried to grow but failed. After this, the price started to decline, and some time later, it reached support 2 again. Then Gold broke this support level and even fell lower support zone and reached the trend line, after which price started to grow. But firstly, the price broke the trend line and then in a short time rose to the 1-st support level, where Gold broke the trend line with this level again. Next, the price continued to move up between the trend line, and even later made a gap. Some time later Gold reached support 1, and even broke it, after which broke the trend line too and now it continues to grow higher this line. In my mind, XAUUSD will correct to the trend line, some time trades near, and then continue to move up, therefore I set my goal at 2745 points. If you like my analytics you may support me with your like/comment ❤️
OANDA:XAUUSDLong
by FirstNameHelen
4
EURUSD Bearish Bias with Key Resistance at 1.0915EURUSD The price is currently below the resistance zone near 1.0915, which has acted as a pivot in recent movements. The pair remains in a downtrend, with previous highs indicating a double-top formation. If the price fails to break above 1.0915, the downtrend is likely to continue, with potential support around 1.0680. The demand zone is around 1.0680 and the ascending trendline may provide strong support, potentially leading to a rebound. Direction: Bearish: As long as the price remains below 1.0915, the direction favors a continuation towards lower support levels. Bullish: A break above 1.0915 and sustained stability could signal a shift to bullish momentum, but this remains less likely in the current trend. For now, the bias remains bearish, targeting the demand zone around 1.0680. Key levels: Pivot line: 1.0885 Support Lines: 1.0793, 1.0680, 1.0616 Resistance Lines: 1.0995, 1.1082, 1.1141 Trend Outlook: Bearish while under 1.0915 Bullish By stability above 1.0915
Short
by SroshMayi
EURCHF Elliott Wavehello friends In the EURCHF currency pair, we see the formation of 3 Elliott patterns. The first pattern consists of a 5-wave impulse wave, which we can call wave 1 or A. The second wave is a zigzag and the third wave is a collapsing triangle. Considering that there have been two correction waves, the possibility of changing the trend is very high. My guess is the start of an impulse wave at the dominant wave 3 or C. In triangles, if the price breaks on either side, the price will continue in the same direction. A buy trade can be prepared with a stop loss below wave 1 or B, which is the 0.92515 range. If the price breaks the bottom of the triangle and the price closes in it, our theory is invalid and you can enter the sell trade. To support me, I recommend you install Trading View software on your phone and see my analysis and support me with your comments and Boost. Be successful and profitable.
Long
by M_Gheysvandi
Bullish Shark Pattern on NZDUSD M15 ChartI love trading sideways consolidation breakout trades, but since I missed the initial move, I've been patiently waiting for a retest. Now, an even better opportunity has presented itself! What's Happening? - Bullish Shark Pattern : A Bullish Shark Pattern is forming on the M15 (15-minute) chart at 0.6046 on the NZDUSD. Why is this Exciting? - Combo Trade Management : This setup allows for a combination of strategies that can significantly reduce initial risk while increasing potential returns. How to Approach This Trade? 1. Wait for Confirmation : I'll be waiting for a Magic Candle Confirmation at the pattern completion point before entering the trade. 2. Risk Management : Include our stop-loss buffer just below the pattern completion to manage risk effectively. 3. Potential Upside : With the pattern forming and the potential retest, this setup could offer a great risk-to-reward ratio. Final Thoughts Sometimes, missing an initial trade isn't a setback but an opportunity to find an even better setup. Patience pays off! 🎯 What’s your take on this NZDUSD setup? Have you spotted similar opportunities? Share your thoughts and let's discuss! Happy trading, everyone! 🚀
Long
by RaynLim
$BTC back below $60k before the election?CRYPTOCAP:BTC has been consolidating in a series of lower highs ever since the March highs. Everyone is extremely bullish here calling for new highs by this week or end of year. I've seen multiple people on Twitter share that they market bought $100,000k+ of BTC in the last week. I don't think the trade is going to be that easy and the chart is shaping up to have a similar view. If we look at the chart, you can see that price is rejecting off of the upper trend line from both the larger structure as well as the smaller channel inside of that larger structure. Unless price can break above those levels, I think price is most likely to head down from here. I know everyone's downside targets for a pullback are in the $63k-67k range, but the chart tells me that we should see lower. My base case from here is that we get down to the two lower supports at $54-56k, but I'm open to the possibility of a bounce at $59k. I'm not shorting here this move. I never short crypto. I'm just sharing this view to provide a better entry for those looking to get in the market and establish a new position, or to prevent those from losing money (especially leveraged positions) on the move down. I'm still of the view (as of now) that this move will be the start of a larger move down, but I'll wait to share more on that after this pullback plays out (if it does).
BITSTAMP:BTCUSDShort
by benjihyam
New bitcoin pattern on 1WUsually on Monday we publish analytics with a local perspective, but this time we have not enough information for a full-quality forecast. Nevertheless, this week is notable for the fact that a new EXP pattern has formed on INDEX:BTCUSD on the weekly timeframe. It is notable that we have an earlier pattern from May 21👇 And the new pattern is essentially the "big brother" of the smaller pattern and gives us more distant target levels (as is often the case with higher-level patterns, most likely not all of them will be reached). The fact that the formation of this model occurred through the touch of the trend line increases the probability of a test of $73,757 and $77,723 (but only increases, the level of uncertainty is still high).
INDEX:BTCUSD
by TSFC
1
Should we buy #Shib or wait?The specified area is very important and vital for #Shiba, if this area is not broken, the price will have a sharp fall, if this level is broken, it can also bring a strong price growth. If you haven't bought Shiba yet, wait for it to cross the trendline and resistance level. If you already have Shiba, you can cross this zone with the risk of freeing. Overall, this area is very important, and I think the price has been deliberately kept in these areas so that if the Bitcoin situation remains positive, Shiba will also break this level and prepare to conquer higher prices. #shib
by Reza_kahe
Should we buy #Ripple or not?If you want my opinion, have some #Ripple in your wallet, it's good for risk management, Ripple is very attractive at current prices, but it's a lazy rising or falling currency, it's currently stuck under a strong downtrend line. If this trend line is broken, we will expect a sharp price growth. The support trendline below the price is also valid, if not broken it could attack the 0.6 area to start and then test the 0.666 area in the second step. If these 2 levels are broken, the price has started to completely change its trend. And eventually it will reach 1 dollar.
Long
by Reza_kahe
5
Wipro Ltd. (NSE: WIPRO) - A Technical Analysis PerspectiveIntroduction: In the ever-evolving world of stock trading, staying ahead of market trends is crucial. Today, we delve into the technical analysis of Wipro Ltd. (NSE: WIPRO), a prominent player in the Indian stock market. This analysis will provide insights into the stock's recent performance and potential future movements, making it a must-read for traders and investors alike. Chart Analysis: The daily chart of Wipro Ltd. reveals a fascinating journey of price action over the past year. The stock has experienced significant fluctuations, marked by distinct patterns and trends that offer valuable insights for traders. Key Observations: Ascending Triangle Pattern: From November 2023 to March 2024, Wipro's stock price formed an ascending triangle pattern. This pattern is characterized by a series of higher lows, indicating increasing buying pressure. The breakout from this pattern in March led to a substantial upward movement, reaching a peak around 580 INR. Rising Channel: Post the breakout, the stock entered a rising channel, with higher highs and higher lows. This channel is evident from June 2024 to the present. The upper and lower trendlines of the channel provide crucial support and resistance levels, guiding traders in making informed decisions. Volume Analysis: Volume plays a pivotal role in confirming price movements. Notably, there was a significant spike in volume during the breakout in March, validating the upward trend. Recent volume surges in October indicate renewed interest in the stock, potentially signaling another breakout. Current Price Action: As of October 21, 2024, Wipro's stock is trading at 550.60 INR, showing a modest gain of 0.36%. The stock is currently testing the upper trendline of the rising channel, a critical juncture that could determine its next move. Conclusion: Wipro Ltd.'s stock chart presents a compelling case for traders and investors. The ascending triangle breakout, followed by the rising channel, highlights the stock's bullish momentum. With recent volume spikes and the stock testing key resistance levels, it is essential to monitor Wipro closely for potential trading opportunities. Stay tuned for more updates and insights on the Indian stock market. Follow us for the latest technical analysis and trading strategies! #NSE #StockMarketIndia #Wipro #TechnicalAnalysis #Trading #Investing
NSE:WIPROLong
by stocktechbot
Will ZRXUSDT Ignite a Bullish Reversal? Yello, Paradisers! Have you noticed the key breakout on ZRXUSDT? 🚨 The pair has just broken out of a major resistance trendline and formed an Inverse Head and Shoulders pattern, all while showing a bullish divergence. Are we about to witness a strong reversal, or will this be a fake-out? 💎If ZRXUSDT manages to break and closes candle above the resistance zone, it will confirm the Inverse Head and Shoulders pattern, significantly increasing the probability of a bullish reversal. The bullish divergence adds even more weight to this potential move. 💎In the event of a pullback, a bounce from the support zone is expected. To increase the odds in our favor, we’ll be looking for a bullish I-CHoCH (Internal Change of Character). 💎However, if the price breaks down and closes below the support zone, the entire bullish setup will be invalidated. In that case, the best approach would be to wait for a clearer price action before taking any new positions. 🎖 As always, patience is key, Paradisers! Stick to the strategy, wait for confirmation, and avoid impulsive decisions. Successful trading is all about timing and discipline—don’t rush it! MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise