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Rangebreakout

GBPUSD - Trading the Break of Trendline and Mirror LevelHi Traders! The market is moving after its fall-off in a Range. It even made higher Highs and rejected the Break of the Support three times. Beside the Resistance, we also have a Trendline which is coming from above. The upper Resistance is also a Mirror Level, because it was a Support, too, before. The target is the "Golden Zone" of the Fibonacci Retracement Tool, which is normally defined by the area between 50.0% and 61.8%. The TP would be at the R2 from today's Pivot Points. We recommend to trade the Retest of the Breakout! Thanks and successful Trading :-)!
Long
by swissmoneymakers
Reliance Industries Breakout Trade (RELIANCE 1D)Hello Guys, Today I am Going To Share you one Breakout Idea of Reliance Industries .From the Date of 15 OCT 2020 we can see that the stock in was Range shown in the picture. Now The stock is holding in the upper side of the Range. The volumes is seen in Reliance In Past Few Trading Sessions. It is planning for giving a breakout. if Breakout happens it will be good trade for the market also. We Can expect Targets Of Reliance between 2550-2600. please trade in reliance with suitable quantity for you. and take care of your Risk Management. Don't Jump Directly In it. Keep An Eye On it Like Eagle. Stock Name :RELIANCE Current Price:2221.60 (17-JUN-2021 10:08AM) Target Price:2550-2600 Stoploss:2050 RR Ratio : 1:2
NSE:RELIANCELong
by Punit_0405
AVAX-USDT(Range Breakout)Avalanche aims to be the Internet of Finance. It is an open-source platform that allows it to deploy blockchains either public or private, launch smart contracts and create digital assets on its platform. On March 9, 2021, AVAX gained ~34% and since then, it is trading in that range. Currently, it has given a breakout from the range($24-$35) and is signaling strong strength to initiate a fresh bullish move to the upside. Key levels to look out:- The supports to the lower side are placed at ~$34.88 followed by ~$33.5 respectively. The resistance to the higher side are placed at $42.5 and $47 respectively.
Long
by TradeDog-Research
BNB-USDTBinance has been the talk of the town and has served cumulative monthly trading volumes worth ~$690 billion in the month of February. Also, DeFi protocols on Binance smart chain are also gaining a lot of traction, which is pushing the BNB price higher. Binance has been trading in a Descending Channel and has given a fresh breakout from its channel resistance and is now confined in a tight range of $242.5 - $257 . Key Levels to watch out:- A breakout above the immediate resistance at $265 is most likely to trigger the prices higher to the first level of $295 followed by $330. The support to the lower side are present at $240 and $225 respectively.
Long
by TradeDog-Research
XTZ-USDT: Consolidation Breakout(1 Hr TF)In the Daily TimeFrame, Tezos is trading in an Ascending Channel formation with an upper band and the lower band placed at $5.1 and $2 respectively. In the Hourly Time Frame, Tezos has been in the accumulation phase and was trading in a range of $3.83 as the upper band and $3.22 as the lower band. XTZUSDT has given a Range Breakout and is currently trading above the range. Key Levels to Watch out:- The resistance to the higher levels is placed at $4.4 followed by $5.1 respectively. The supports to the lower side are placed at $3.5 and $3.2 respectively.
Long
by TradeDog-Research
5
WHY DID THE BULLISH CONTINUATION MOVE FAIL?What does "End of Month Square Up" mean. A square position is a situation where a trader or portfolio has no market exposure. ... The reason for this confusion is that the term "squaring up" is used to describe settling open trades before the market closes. A square position is also referred to as a "flat position." Square position, like many trading terms, can take on a different nuance depending on the speaker. For an individual forex trader, a square position can refer to offsetting long and short positions in the same currency pair or a situation where a currency trader holds no positions in the market. The reason for this confusion is that the term "squaring up" is used to describe settling open trades before the market closes. Squaring usually refers to just a few positions, but a trader could close out all of his open positions and get out of the market. The "Market Makers" can use this trading principle as they move the market. E/U had a Bullish Trend which became a consolidated range. Price had a Bearish Breakout of the Range bottom which failed. Price created Higher Highs and Higher Low making it appear a Bullish Continuation move was happening. This drew in long traders leaving behind lots of money tied up in Stop Losses. The Market Makers can tell where the most money is tied up on the Long side or Short Side. It seems to appear that the Market Makers made the Bullish Continuation Reversal fail and took out the Stop Losses at the Higher Low entry point and also the 50% reversal entry point. All of this happening the last few days of the End of the Month of October. Could this be an example of the "END OF MONTH SQUARE UP?"
Education
by Tradingstrategyguides
Range Support Holds With Bullish RejectionWe discussed this pair yesterday and how price action was moving down to the near term support level. Price has now moved lower into this level and rejected it with a strong bullish rejection candle on the 4 hour chart. The range we discussed yesterday that price was forming is now in full play and until we get a clean breakout, we can look to play both sides of the market. We can look to trade long and short from both the range support and resistance levels.
by TaherJalili
NZDCHF - Breakout ImminentA little thought on minor - Kiwi Swissy The pair has now seen to be recovering from the massive sell-off from the March panic sell off with RISK OFF mode ongoing thus the rush for demand for safe-heaven Franc. The pair had now seen been trading in a low volatility consolidating pattern - indicating a breakout might be imminent; and expected the trend will last quite awhile. #no range will last forever Entry with BUY/SELL STOP order suggested 1 ATR above the range high (yellow line); avoiding being false entry with daily price fluctuation. ride the breakout & follow the trend !
by hoefoong
1