ORNUSDT ORNUSDT is trading in a range bound area, but has given a signal for range to break with bullish divergence. if it breakthrough 0.6940 region, it will be a nice buying opportunity.
O
Rangebreakout
MDXUSDTMDXUSDT was trading in range from last few days, finally today it broke through the range and currently again got range bound. If it gives healthy closing out of the range at 0.655 region, it will be a nice buy setup.
M
XAUUSD Potential Breakout TradeGold testing againg major resistance of 1967 and if breaks we can see gold around 1973.
XAUUSD Potential Breakout TradeGold is about to break its range please place buy and sell order to take trade.
Manage your risk accordingly.
IMXUSDTIMXUSDT has given the breakout of long term consolidation , and currently retesting the breakout. If the retest hold perfectly, then the estimated targets are 0.84 to 0.90.
Forex Trading IdeologyIn Forex trading, understanding price movements is essential for success.
This article presenteds a conceptual ideology that metaphorically interprets price movements in Forex.
We explored range trading as breakfast and conversation, where traders analyze overbought and oversold levels on a RSI 4 for potential breakouts.
Trends were attributed to buyers and sellers, with uptrends indicating bullish sentiment and downtrends reflecting bearish sentiment.
Breakouts were seen as pivotal decisions made during breakfast, confirmed through technical indicators like the RSI.
Correlation and retesting allowed traders to analyze market relationships and make informed decisions.
Trend continuation or reversal required careful analysis of price patterns and indicators.
Finally , the closing and opening of trading sessions marked the end of one day and the start of another.
By applying this kind of ideology, traders can gain insights into market dynamics, improve their strategies, and make informed decisions in Forex trading.
♧J
Education
Nifty Trade Setup (23-May-2023)So nifty moved 100 points and gained almost 60 points on first 15 minute candle with flat opening.
After first 15 minute gains nifty took support and moved range bound for 60 points up and down.
according to price action its still moving in rising Triangle Pattern and following will be my trade setup :
1.) If market opens Flat and if price breaks on upside for target of 18374, 18400, 18430 and 18450.
2.) If open Gap up will wait for price to sustain at that level or any rejections from the Targets.
3.) If open gap down near by support placed at 18270, 18230 and 18212. if price takes support on these levels will look for buying CE for 18330 .
4.) On Triangle Bearkout or Breakdown same levels will be targets on upside according to 1, on downside breakdown according to point 3.
Views are bullish and Gap up opening:
Reason strong buying in Adani Stocks.
Long
Cardano to register further gains following range breakout?The range formation for Cardano was finally broken on Wednesday, despite the weakness of Bitcoin.
The former bearish H4 OB at $0.375 was flipped to a bullish breaker. Moreover, the range breakout saw an FVG (white) develop at the $0.375 area as well, marking it as a good demand zone.
Yet, if Bitcoin was unable to climb toward and past $27.8k in the coming days, the bullish sentiment behind Cardano could begin to fade away.
Entry: $0.372 (retest of range highs)
Take-profit: $0.383 (small imbalance and short-term resistance)
Stop-loss: $0.368 (below FVG)
Long
XRP could see a rejection from range lowsXRP traded within a range from $0.44-$0.48 over the past two weeks
The recent breakdown below the lows was accompanied by an FVG (white)
Retest of range lows and a brief move into the FVG to hunt liquidity before reversal back toward $0.4 was a possibility.
Entry: $0.4437
Exit: $0.3974
Stop-loss: $0.4585
R:R- 3.16
Short
AGIXUSDTAGIX was trading in bearish trend.
After bearish trend it spend most of the time in consolidation and now finally broke through the range.
Will it continue its bullish trajectory?
A
Long Opportunity at Breakout in XAU/USDBreakout Entry in OANDA:XAUUSD
XAU/USD showing some strength, seems like it will give a breakout entry above the range.
DXY also continuing its downtrend.
Trade your Levels accordingly.
Best of Luck!
Gold Potential Symm Triangle / Range BreakoutSymmetrical triangle / Range formed during last week is being broken, potential target is the last high or above until the big channel top
Long
EUR - Where to next?EUR - Where to next? $ OANDA:EURUSD FX:EURUSD
On the docket today is US Unemployment Claims - Which should shift the markets to either direction and at end of the week PMIs
EUR: Currently within range
Highs: 1.09992
Lows: 1.09095
A break of the highs I expect EUR to re-test the previous highs of 1.10555. However, if we are to break this trendline up and the range lows we are in, then I expect us to test the next support of 1.08510.
Have a great day ahead,
Trade Journal
Short
PANW ranging - indications of a downtrendPANW has been ranging between 181 and 192 for around a month, at a high position.
We now expect it to go to the downside with a possibility of dumping to our targets.
More details are shown on the chart.
Good luck!
Short
Nifty in Range after Gap downAaj Nifty Gap down khula, Recover kia and phir 1ghnte baad sara din 40 point ka range mai raha. Ab next day aggar same level khul ke 15mins wohi trade karta rahe toh upar side gap cover karne jasakta hai.
SL: Built up ke neechay ya Range ke i.e. 17395-173400. Aur neechay b nikle built up ke baad toh same.
LDO SHORT HTF LDO. SHORT. HTF LAYED OUT, play the range dont worry about the middle action but confirmation on the way down is key,
Short
$FLOW - wants to BLOW aboveHello my Fellow TraderZ,
This is good to see many #ALTS are rising which were lagging in the First leg.
$FLOW has finally broke the Range in which it was consolidating for few days. What a Daily close above the Resistence with SOLID Green candle with Huge VOLUME.
Let it retest the Resistence flipped Support, then we have three TPs : $1,54 - $1.74- $2.1.
Again, trade any token with tight SL as #BTC is at major Resistence.
CHEERS!!!
Long
Ethereum - Looking To Buy Pullbacks In The Short TermD1 - Price has broken above the top of the range and is holding above it.
No opposite signs.
H1 - Higher highs.
Until the two strong support zones hold my short term view remains bullish here.
Short
Cant wait for price to stop ranging? Do thisFirst of all you are going to need this indicator
Its the Heiken Ashi Algo Oscillator. Click the image below
There are times when price is ranging. When this happens you simply need to see what is the channel where the RSI values are hitting and you want to know WHEN is the RSI breaking out of that channel
In this oscillator the HIGH and LOW part of the RSI Range is the +10 and -10
If price is ranging in between as it is consolidating you dont want to sit there for several hours.
So in this video you can see how to set an alert telling you when the RSI breaks out of the RANGE.
This way, once the alert is set, you can go live life.........
See you next time at the CoffeeShop
Education
INDUSINDIndusind is trading inside range of 1117-1175 from past one month & twice in past one month it reversed from 1168-1173 zone.
Although it looks like it ll break past upper end of the zone this time, but it would be better to trade only above 1175.
If it breaks past 1175 then its a buy with mentioned stoploss & targets.
Long
HDFCBANKHDFCbank was trading in a range from past 1 month & it broke out of it today with good volumes.
Could be bought with mentioned stoploss & target.
Long