The price of gold is on the rise /1H Chart/, this does not mean that it will continue for sure.Because gold began to fall from August 14, looking at the market movement yesterday, the GOLD price movement was stable. It is risky to open a short trade because there is probably a chance to show jump from this level
There is a nice setup here, the MACD has "hooked" and it seem possible for a nice pullback trade.
NASDAQ:ASND as can be seen on the hourly chart ASND is in an uptrend recent earnings were a good beat, RSI is quite high and it is at one than one STD above the multi-session VWAP. ASND is on watch for a pullback to find an entry as it has high upside.
Notes: * Steady up trend on all time frames * Okay earnings track record * Trying to break above historical resistance of the ~52.8 area * Pulled back to the 50 day line * Printed a bullish outside day in the last session * Earnings report reaction sold off to the 50 day but bounce from there indicating demand around the $50.34 area Technicals: Sector:...
Tight orderly pullback. Pilot 10% of full position and scale in if it behaves properly. You don't need to know what's going to happen next to make money ~Mark Douglas Lose like a pro and keep trading, or lose like a novice and quit ~Mark Ritchie
AUDNZD alert has presented. Reversal trade identified and entered. This scalp trade is live and running. Working 15M timeframe. Trade details can be found on the chart in red label. Trade box is tracking the trade. Fancy knowing how I identified this trade you know what to do. Thanks for looking Darren🙌
Notes: * Strong up trend on all time frames * Good earnings in the recent quarters * Pays out dividends * Recently bounce off of its 200 day line and now pushing off of its 50 day line * Also printed a Pocket Pivot indicating institutional demand Technicals: Sector: Consumer Cyclical - Packaging & Containers Relative Strength vs. Sector: 1.2 Relative Strength...
Notes: * Strong up trend since 2020 * Great earnings in the recent quarters * Pays out dividends * Creating a base for the past ~14 months * Recently bounced from its 200 day * Pulled back to its 50 day and is now showing signs of recovery with volume * Historical resistance comes in around 29.85 Technicals: Sector: Consumer Cyclical - Footwear &...
Notes: * Very strong up trend on all time frames * Good earnings in the recent quarters * Pays out dividends and has been increasing them recently * Basing for ~4 months * Held up incredibly well while the general market was taking a beating * Printed a pocket pivot Technicals: Sector: Consumer Cyclical - Specialty Retail Relative Strength vs. Sector:...
The stock BMY on our US watchlist just triggered a pullback buy signal. We are adding a 1/2 position to our US model portfolio.
HDFCLIFE witnessed a breakout from a horizontal trendline and extended gains to a high of 581. Due to the sharp rise, there was a profit booking, and the price might retrace to the breakout levels , which would now act as a support zone (565-568). This retracement can be a good opportunity to long in the stock with a good risk reward.
The market is testing the demand zone on 0.8 where the Metaverse FOMO started. The price had a little bounce and retest the 4h resistance after the breakout from the pennant on 1.5$ How to approach it? The price needs to create a new breakout from the 4h resistance and retest it as new support. IF the price is going to have a breakout, According to Plancton's...
The price is creating a falling wedge and the price is testing the dynamic resistance after the first rejection on 0.382 Fibonacci level. After the Breakout from the descending channel the price created a double bottom on 4h Timeframe. How to approach it? IF the price is going to have a breakout and retest the resistance as new support, According to Plancton's...
Hey tradomaniacs, due to the risk-off in equities caused by the strict hawkish monetary policy aswell as the fading credibility of Powell after his statement we might see another pump by EUR/AUD. Technically a good spot to go long here. What do you think?
BOUGHT 1/4 position pull back buy. 120@66.75 --> 1.5% position. Overall exposure now @32.8% Stop 62.15 Risk:6.9% Shippers are holding nicely and look like they want to go higher. Opportunity here to start a position.
Price action and chart pattern trading > Elliottwave downtrend channel confirmed breakout crossover SMA200 heaven/hell line - RSI TFD already overbought - Pullback trade for medium-term is recommended > Target @ volume profile POC 1.618 extension zone and 2.618 zone for 2nd target > Stoploss @ Wave 5 zone Inverted Head or right Shoulders > RRR: 2:1 downside less...
the price tested the demand zone on 10$ and get the new liquidity. Now the price is testing the resistance on 12.5$ after the breakdown from the ascending channel (weekly) How to approach? IF the price is going to have a breakout from it, and retest the 12.5$ as new support, we could see a new pullback until the monthly level at 15$, According to Plancton's...
-INTRODUCTION- Last week, EURCAD has retraced to the previous resistance area at 1.3760 level after reaching a new low at 1.3400 level. As we forecasted in our previous EURCAD analysis, the price fell from 1.3760 resistance level and retested the yearly low of 1.3400. After retesting the yearly low, the price formed a double bottom pattern, followed by a strong...