Great PEG setup here for $RH. Very bullish consolidation with declining volume. Has had several interactions with the pitchfork, so we can look to the bottom blue line to act as support and the median red line to act as a magnet/resistance. Target = $460 by mid-November as a conservative estimate. Use the white box as an entry point. Good luck!
I am going to break down each technical indicator and explain why I think JNJ is a buy.
Trend line; If you look at the trend line, you can see that JNJ has just started to bounce off its highest low for this chart.
Moving Average: Candles are below the moving average and moving closer each 30 min segment as price rises.
RSI: Shows that JNJ is underbought...
I felt like posting this so that some of the traders on here can see where we are in terms of the quarters of the year. Its important to see this because around yearly, monthly, weekly, and daily highs and lows those prices are sensitive! We can see that the market ran out the high that was created in the beginning of the first quarter and dropped. As of now. I...
I can see shorts for EURUSD. Price needs to stay above the grey box to maintain the bearish outlook. If the top of the grey box is traded to, we need to get away quickly from that area. Otherwise, we will consolidate or move back into a bullish stance.
Hello traders. I hope that I can help you with my strategy, It´s only my opinion. I Would thanks if you say me your opinion. Bay and good trading!!!!!!
EUR/USD Long follow the strategy; 1. Long with the target in the possible resistance, 2. Short to the strong support and then fly to new maximum.
Today’s analysis, FIOBTC trading towards a probable double bottom structure, confirmation will be on the break of dynamic resistance.
Points to consider,
- PA approaching trade location
- Equal lows (liquidity run)
- Key dynamic resistance
- Oscillators over-extended
- Swing high target
FIOBTC’s price action is approaching a key trade...
this is trade 133 frm haidojo trading...
the current low of 1547/or the impulse leg A has been violated...so both advanced patterns are no longer valid...
In term of price-action, 1560 has turned frm support-to-resistance...but formation of lower-low at 1540 is too close to the previous one...
from the past experience, this might indicate a possible reversal to...
Ascending triangle heading into an area of high confluence. Looking for a push up next week into ATH. Higher lows and higher highs and pushing into resistance. Long term trendline indicated by dotted lines is still intact.
📍 RBNZ formula
So what are we trading here?
In this position it would be an obvious mistake to not acknowledge risk sentiment worsening over the weekend as cases continue to escalate, clearly the market is exposed to the storm (that is to say the series of localised lockdowns are a done-deal, the only question remains whether it becomes more widespread).
This seems like a decent strategy that may give you a quick/small stop out, or a long ride. Potential to add to trades as each level is breached. Indicators used are: new intraday high/low (green and red dotted lines) and midpoint (white solid line). The idea is to place an order in the same direction as the breakout (high or low), with a few points as a target,...
Spotted this good opportunity for a long on NEOUSDT (4h TF)
NEOUSDT long (4h):
Entry range: 10.879 - 11.024
TP1: 11.695 - 11.773
TP2: 12.467 - 12.552
Stop loss: 10.022
Suggested risk: 2% of capital
Enjoy, keep it safe! :cocktail: