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Trend Lines

Short-Term Rebound and Conservative Short StrategyAs gold prices approach the market closure phase, technical indicators indicate a bullish momentum in the shorter timeframes. However, the potential upside is limited, anticipated to be around 5-6 points, and may require several hours of consolidation to reach. A significant resistance level exists in the 2670-2673 range, primarily driven by selling pressure from concentrated trading volumes and the appreciation of the US dollar. Currently, the market lacks effective news catalysts for momentum; thus, a conservative trading strategy should focus on short positions at elevated levels. The anticipated target range for this strategy is between 2646 and 2653. Compared to going long, the profit potential from shorting is expected to be more substantial. OANDA:XAUUSD CAPITALCOM:GOLD COMEX:GC1! COMEX_MINI:MGC1!
TVC:GOLDShort
by George_parse
Sika AG Stock | SKFOF | Chart & Forecast SummaryKey Indicators on Trade Set Up in General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Active Sessions on Relevant Range & Elemented Probabilities; * Asian(Ranging) - London(Upwards) - NYC(Downwards) * Weekend Crypto Session # Trend | Time Frame Conductive | 15 Minutes Time Frame - General Trend - Measurement on Session * Support & Resistance * Trade Area | Focus & Motion Ahead Conclusion | Trade Plan Execution & Risk Management on Demand; Overall Consensus | Buy
SLong
by P-Ment4U
USDT.D Breakout: A Bullish Signal on the Horizon?The asset has been consolidating within an ascending channel. A breakdown below this channel could potentially signal the initiation of a bullish market trend. However, a pullback to retest the broken channel is a likely scenario. Despite the challenges in analyzing USDT.D due to its unique market dynamics, the asset's reaction to the channel cannot be overlooked. Overall, a bullish outlook is maintained post-breakout, unless the price retraces back into the channel.
CRYPTOCAP:USDT.D
by saeedalipour93
Short the gold price first. Then buy the gold priceJudging from the trend. There is some intention to fall in the market. But the short-selling force is not strong. We can take the opportunity to do some swing trading. The support strength of the position of 2646 is very low. I think it is only a matter of time before it falls to 2633-2637. Because the support there will be stronger and it is a good time to go long. So if you don’t know how to trade now, you can refer to a transaction in the quick trading strategy. Simple sharing. Investors who like it remember to keep paying attention. CAPITALCOM:GOLD OANDA:XAUUSD COMEX:GC1! COMEX_MINI:MGC1!
TVC:GOLDShort
by George_parse
Azimut Holding SpA (AZMT) | Chart & Forecast SummaryKey Indicators on Trade Set Up in General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Active Sessions on Relevant Range & Elemented Probabilities; * Asian(Ranging) - London(Upwards) - NYC(Downwards) * Weekend Crypto Session # Trend | Time Frame Conductive | 15 Minutes Time Frame - General Trend - Measurement on Session * Support & Resistance * Trade Area | Focus & Motion Ahead Conclusion | Trade Plan Execution & Risk Management on Demand; Overall Consensus | Buy
ALong
by P-Ment4U
USDCAD Potential Drop after rejection from crossing of ResistancUSDCAD has been steadily climbing since the start of October, with nine consecutive bullish days. The price has now reached significant levels on both the weekly and daily timeframes. However, as it nears the resistance area, the candles are shrinking, signaling a potential loss of momentum. Zooming out, it's evident that the price has dropped from the 1.38500 resistance multiple times in the past. This suggests the potential for at least a short-term pullback. If a rejection candle forms, we could expect the price to move lower. Given that today's news is packed with CAD-related data, volatility is expected, possibly leading to large wicks in both directions. The target is the support level at 1.36650
Short
by RTED_Investing
Has Block Bottomed?Block ran dramatically during the pandemic. Now, following a long rest, some traders may see upside potential. The first pattern on today’s chart is the series of lower highs between March and August. SQ has pushed above this resistance in the last month, which could suggest its downtrend is broken. Second you have the low in June, a lower low in August and a higher low in September. That kind of basing pattern may also be consistent with bottoming. Third, Jack Dorsey’s fintech is pushing above its 200-day simple moving average. However, it remains well below its 52-week low. Is there space to the upside? Finally, we turn to a longer-term chart with two-week candles. Earnings in the trailing four quarters (TTM) are plotted in the lower study. Notice how the most recent numbers exceed the previous high in June 2021. Also consider that SQ is down about two-thirds from its price at the time. That could make some investors make a potential value argument. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. If you're born to trade, we could be for you. See our Overview for more. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
NYSE:SQ
by TradeStation
GOLD → The target is liquidity above 2670-2685. What's next?FX:XAUUSD is consolidating in the local range of 2663 - 2636. There is a strong resistance and liquidity zone ahead. Bears may meet the market quite aggressively in the 2670 - 2685 zone. The global rally is smoothly transitioning into a sideways fljt 2675 - 2604. - Markets in China, which strongly supported gold after hints of fiscal stimulus is again facing challenges. - Interest rates in the US should not be forgotten. The open question is “no interest rate cut” or “0.25% cut”. Will gold be able to stay bullish on the current flat under these circumstances? - The dollar is rallying after last week's fundamental data and most likely the index's rise is not over... Fed policy makers are starting to change their mindset again and divide into 2 camps - aggressive / restrained. - BUT! The conflict in the Middle East is cooling down from its limits. Based on the above mentioned, can we assume that the finger is hanging over the button “fix profit”???? Resistance levels: 2663, 2670, 2685 Support levels: 2645, 2636, 2623 Based on the general fundamental background, I do not yet understand the reasons that give such support to gold. There is a strong resistance zone ahead with huge liquidity. The price is in a sideways range and there are no preconditions to exit this channel yet. Most likely, the first retest of the levels ( it has been 2 weeks since the last retest ) may end in a reversal and correction Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;) Regards R. Linda!
FX:XAUUSDShort
by RLinda
16
DOGS → Double bottom favors resistance breakoutBINANCE:DOGSUSDT is forming a double bottom followed by a breakout of trend resistance. Quite a promising situation, provided the bulls hold their defenses above 0.00081. After the listing, the coin flies to the moon due to the dump, but after the appearance of a strong seller or lack of interest from the buyer, against the background of weakening support of Pavel Durov arrested in France, a market phase change to a “dump” is formed. Technically, a double bottom is formed on 4H, followed by the renewal of local lows and the breakout of trend resistance, which indicates the formation of a market bottom. At the moment, the cryptocurrency market shows bullish dynamics, which can affect DOGS accordingly Resistance levels: 0.000885, 0.000938 Support levels: 0.00081 After the dump the coin has good chances to show already adequate realization. If the bulls keep the defense above 0.00081, we will have chances to get on the train to the north, to the targets 0.00096, 0.001, 0.00117 Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:DOGSUSDT ;) Regards R. Linda!
Long
by RLinda
1
Alikze »» ENJ | Ascending channel - 4H🔍 Technical analysis: Ascending channel - 4H - It is moving in an ascending channel in the 4-hour time frame. - A Double Bottom pattern is formed in the range of the green box by creating higher floors (HL). Meanwhile, the creation of higher ceilings (HH) can be met with a correction in the 0.14 zones or the bottom of the channel with demand and create a newer ceiling (HH) up to the supply zone. - Currently, in the middle range of the channel, it can continue its growth with a correction in the range of 0.14 to the supply area. 💎 Alternative scenario: In addition, if there is a stabilization below the 0.14 candlestick area and if the correction continues up to the specified areas and the green box, there is a possibility of breaking the green box area. Therefore, if the correction is sharp, the bullish scenario is invalidated and can form a new floor. »»»«««»»»«««»»»««« 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:ENAUSDT
Long
by alikze