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Groupon long position/swing trade idea - $NASDAQ:GRPNNASDAQ:GRPN may be a long from here. It put in a monthly indecision candle last month, along with a relative volume per range signal, after sweeping below a pivot near an area of interest. Also swept under prior weekly low and reversed, heading back toward prior week high. I've started a tiny feeler position today looking for a potential weekly breakout and run up toward the highs around 19-20 and beyond, perhaps even starting a long run back up to the IPO price. I will tighten and add more if it takes out the weekly high. Normally in this distribution I would only look for a long if it first dropped to $7.5, and it may still do that or continue lower, but the monthly relvol signal made me want to make an attempt at this one from here. Monthly and quarterly relvol signals tend to lead to the best trends.
NASDAQ:GRPNLong
by easycators
Why Trading Sessions Matter in Forex: Key OverlapsThe Forex market is open 24 hours a day during the weekdays, allowing traders flexibility to trade at any time. However, understanding the best times to trade is essential for effective trading. The market is divided into four main sessions: Sydney, Tokyo, London, and New York, each corresponding to peak activity in key financial centers. Using a Forex Market Time Zone Converter can help traders determine which sessions are active in their local time, making it easier to plan around high-liquidity periods. Although the market is technically always open, not all trading times are equally profitable. Higher trading volume, which generally occurs during session overlaps, creates ideal conditions for traders. For example, the overlap of the London and New York sessions sees the highest volume, with more than 50% of daily trades occurring in these two centers. Trading at this time, especially with currency pairs like GBP/USD, can lead to tighter spreads and quicker order execution, reducing slippage and increasing the likelihood of profitable trades. Similarly, trading AUD/JPY during the Asian session, when the Tokyo market is active, is advantageous due to higher trading activity for these currencies. Conversely, trading during times when only one session is active, such as during the Sydney session alone, can result in wider spreads and less market movement, making it harder to achieve profitable trades. Planning trades around high-activity sessions and overlaps is key to effective forex trading.
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by habib75rajabi
8
AUDUSD. Trading opportunityHello traders and investors! On the daily time frame, there has been a sideways range since August 24 (with point 4 formed). The lower boundary is 0.63478, and the upper boundary is 0.6942. The seller's vector 5-6 within the range on the daily time frame has reached the target of 0.65604. The buyer has halted the downward movement and is trying to start their vector 6-7 with a potential target of 0.67985. If we think not in terms of the range, but how the last buyer’s impulse, which started at 0.63478, traders have gathered volume below the 50% level (0.66278) of this impulse, which may indicate an attempt to reverse the price upwards. We should pay attention to how the price interacts with the 0.6622 level. This is the start of the buyer’s last sub-impulse (which nearly coincides with the 50% level of the last impulse!). If the buyer manages to break through this level and defend it, this accumulation below the level will provide good fuel for an upward move, and long positions can be sought. If the seller defends the 0.6622 level, it makes sense to wait for the buyer’s next attempt to reverse the price on the daily time frame, as searching for short positions in the buyer’s context area is risky. Short positions can be looked for on lower time frames, with lower time frame targets and considering the contexts of both the higher and lower time frames. A medium-term forecast can be found in the related post. Good luck with your trading and investments!
by AlexeyWolf
1
Price Action - HFCLCurrent Price Action The stock has recently shown a bounce back movement from its support trendline, indicating potential strength and buyer interest. The recent high-high and high-low formations suggest strong interest in the stock, coupled with an increase in volume, which can be a bullish sign. Volume and Momentum Increased volume during the recent bounce back suggests strong participation and interest from buyers, which is a positive sign. Growth Perspective and Fundamental Analysis Product Portfolio and Diversification HFCL Ltd. has a diverse product portfolio including Optical Fiber Cable (OFC), WIFI solutions, cloud-based network management systems, and more. This diversification reduces dependence on a single product and enhances growth potential. The company serves multiple sectors such as telecom, defense, railways, utilities, and security & surveillance, both in the private and government sectors, which provides a stable and growing revenue base. Conclusion From a price action trading perspective, HFCL Ltd. shows signs of potential upside with the recent bounce back from support levels, increased volume, and bullish technical indicators. However, it is important to monitor the short-term bearish signals and adjust trading strategies accordingly.
NSE:HFCLLong
by stocktechbot
WTI is targeting growth again. H4 05.11.2024🛢 WTI is targeting growth again 📈 Oil is looking at a possible pattern for a segment overlap to the upside in which we will again target a major upside. Price is now approaching the control margin at 73 and from there a local correction may be made and then growth will continue. Major volumes have stayed down and have been buybacks. Also OPEC+ have postponed the increase in oil production which will further support it. BLACKBULL:WTI
BLACKBULL:WTILong
by KovachTrader
NZD/CAD continue with the UptrendOn NZD/CAD , it's nice to see a strong buying reaction at the price of 0.82780. There's a significant accumulation of contracts in this area, indicating strong buyer interest. I believe that buyers who entered at this level will defend their long positions. If the price returns to this area, strong buyers will likely push the market up again. GAP + Uptrend and high volume cluster are the main reasons for my decision to go long on this trade. Happy trading Dale
by Trader_Dale
EUR/CHF Day Trading Analysis With Volume ProfileOn EUR/CHF , it's nice to see a strong buying reaction at the price of 0.94020. There's a significant accumulation of contracts in this area, indicating strong buyer interest. I believe that buyers who entered at this level will defend their long positions. If the price returns to this area, strong buyers will likely push the market up again. Fair Volume GAP + Uptrend and high volume cluster are the main reasons for my decision to go long on this trade. Happy trading Dale
by Trader_Dale
AUD/CAD Day Trading Analysis With Volume ProfileOn AUD/CAD , it's nice to see a strong buying reaction at the price of 0.91130. There's a significant accumulation of contracts in this area, indicating strong buyer interest. I believe that buyers who entered at this level will defend their long positions. If the price returns to this area, strong buyers will likely push the market up again. Fair Volume GAP + Uptrend and high volume cluster are the main reasons for my decision to go long on this trade. Happy trading Dale
by Trader_Dale
Correction Gold. H4 04.11.2024Correction Gold 📉 On gold, I expect a deep correction to the buyers' target zone of 2637-2666. Just above the zone is the margin and also hits a strong accumulated volume profile on the rise. Together these factors give a high probability of a price bounce if it can reach the zone. From the current 2730 from 1/2 of the margin a bounce is also possible, but given the importance of the current week, the US elections on 5 November and the Fed rate on 7 November, we should consider the possibility of a deeper correction. CAPITALCOM:GOLD
CAPITALCOM:GOLDShort
by KovachTrader
The 3 Reasons Why You Should Buy This StockOn mainstream media you may have heard that this stock hit a downgrade and hence was not a good buy to consider all. First , you should not short this NASDAQ:HON stock price Second , try not to use too much margin when trading this stock price. Third , create a system that will help you understand trend analysis.. This is why in this chart we are using something called the rocket booster strategy This strategy has 3 Steps: Step#1: The price has to be above the 50 EMA Step#2: The price has to be above the 200 EMA Step#3: The price has to gap up in a trend. If you try your best to understand the re-entry of trading systems then you will be in a better place to understand trading the capital markets. Remember to rocket boost this content to learn more. Disclaimer: Trading is risky please learn risk management and profit-taking strategies.
NASDAQ:HONLong
by lubosi
EURUSD. Selling opportunitiesHello traders and investors! A detailed analysis of the currency pair can be found in the related post. A price drop to the 1.06011 level was expected. Weekly Timeframe Analysis On the weekly timeframe, the buyer's vector 7-8 is developing within the range. There was an attempt to resume buying from the buyer’s zone (green rectangle on the chart). The buyer’s bar with increased volume did not bring any results for the buyer: the bar’s closing price is within the seller’s bar with lower volume. Daily Timeframe Analysis On the daily timeframe, there was a manipulation of the level marking the beginning of the seller’s last impulse: a false breakout of the 1.08718 level aimed at gathering liquidity, followed by the price returning below the level. The buyer’s attack bar on this level has the highest volume among all buyer bars. The seller pushed the price back below the level, and a seller's zone was formed (red rectangle on the chart). Summary On the weekly timeframe, the buyer with increased volume failed to show results. On the daily timeframe, there was a manipulation of the seller's last impulse level. Priority: sales. Potential targets on the daily timeframe: 1.07821, 1.07612.
by AlexeyWolf