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Rectangle

#002 NEW DCA CADJPY SHORT RangeThis is a setup I revisited now, now that price has come back to the resistance level of the range. I spotted this setup yesterday and have placed a sell limit order for it but price didn't take it before moving downwards. I have since then removed the sell limit. Even though I have another position that buys JPY, but the price movement seems different. I do not want to think much about it. I am talking more just for the sake of filling up the word count. I think that the more one talks the more they think and the complexity of shet increases, and when the boiling point of drawdown reaches the moon, we blow the account. So, I will try to talk less. More pictures. Less talk. 0040SGT 11122024
Short
by ProfessionalDuckHunter
#001 New DCA USDJPY Short RangeShorting USDJPY. I am restarting my count. I think I have to trade less and be specific if I am trading ranging or trending market. Also be willing to accept the fact that price might not be working in my intended idea and to close the trade out for a loss instead of dca-ing even more. But also, to not multiply my positions as much as I can and to keep my multipliers reasonable. DCA less and at more prominent areas of value, focus on Hourly Time Frame and above because it provides a higher pip TP than 15 minutes time frame where I take on average 40cents as compared to now I am taking 1$ or so per position while risking 0.01cents SGD. 1345SGT 10122024 21 DAYS TO 2025. Also, stochastic 20,1,1 and swings is a very good tool to tell if price is trending or ranging.
Short
by ProfessionalDuckHunter
#003 NEW DCA GBPCHF SHORT Range Power MoveI am thinking of taking another position that doesn't have any other currencies I am currently in, and I spotted the GBPCHF is currently at the resistance level. Price came up all the way to the resistance level in a parabolic manner, so I am expecting price to reverse back down. No especiallys no definitelys. Paraphrasing Nick Shawn, I would enter at a price level where I feel that price would bounce at, and exit at a level where I feel that price would... erm... bounce at. He meant that he would enter and exit at levels where he feels price would have pressure coming in from the opposing direction. But, something to remember is that, price either goes up or down, 50 50. So, if price doesn't bounce off at one level, it would have another chance to do so, at the next. Taking profit would also be at a reasonable level where we expect opposing pressure to come in. There's no guarantee price would bounce off at those levels. However, I think that we should not guess too much. Just follow this basic and simple rule to, Enter and exit at a level where we feel (by experience) that price would bounce off at. Keep it simple. 1417SGT 11122024 I have another screenshot I would be adding in the below notes showing the levels I would feel they would rebounce from. 1417SGT 11122024
Short
by ProfessionalDuckHunter
Eyeing breakout levelThe price action has formed a bullish flag pattern (Weekly), with the current levels reaching a critical Fibonacci retracement zone. After a sideways trend within the flag, I'm eyeing a potential breakout . A confirmed break of the flag pattern could lead to a continuation move, targeting the clone area of the rectangle box in shortTerm & clone area of a flag pol in medium to longTerm, indicating further upside potential. The pattern may also resemble a triangle formation for the short term, which reinforces the likelihood of an upcoming bullish breakout. I also mentioned my 2nd chunk of buy if it breaks down & reach the level of . Note: I know, I'm not good in drawing :-D Anyhow, I'm still learning, so if you have any suggestions for improvements, Please let me know, I’d appreciate your feedback. Thank you! #PTL #GTYR
PSX:PTL
by PSX_Learner
GOLD (XAUUSD): Deep Consolidation & Your Trading Plan Gold is trading in sideways range for more than 2 trading weeks already. The recent high impact fundamental releases, did not manage to violate its weakness. Next week, pay attention to the reaction of the price to the support and resistance of the underlined range. If the price breaks and closes below 2605, it will open a potential for a further bearish continuation to 2565. Bullish breakout of the resistance of the range and a daily candle close above 2666 will confirm the strength of the buyers. The up movement will be expected at least to 2715. The absence of strong fundamental triggers will continue the consolidation. Alternatively, you can trade the market within the range, buying from its support and selling from its resistance. ❤️Please, support my work with like, thank you!❤️
OANDA:XAUUSDShort
by VasilyTrader
1
#021 DCA AUDCHF BUY LIMIT INITIAL ENTRYAccidentally chanced upon AUDCHF trade. I think I should give more attention to the entry time frame as well when scanning for setups. Currently price is in a range since 26th November 2024, and I am betting on the support level holding. I have included a link below showing my exact entry for the initial position.   Things might change as time goes by so we shall see. Currently have SGDJPY Short and AUDCHF positions opened. 0954SGT 04122024
Long
by ProfessionalDuckHunter
Consolidation breakout Stock Analysis: Roblox (RBLX) The chart indicates a classic breakout pattern after a prolonged consolidation phase: 1. Consolidation Zone : The stock traded within a range of $30-$50 for over a year, forming a strong base. 2. Breakout Confirmation : The recent price action has decisively breached the key resistance at $50 , supported by increasing volume, which signals strong buying interest. 3. Price Target : Based on the range height (~$20), the breakout projects a potential upside target of $70 or beyond in the medium term, provided the momentum sustains. 4. Risk Levels : Key support is now around the breakout level of $50 ; a retest could provide an opportunity for disciplined entries. Conclusion : This breakout highlights a bullish trend reversal for RBLX. While the setup looks promising, prudent risk management and market conditions should always be considered before entering a trade.
NYSE:RBLXLong
by pas_infinity
Gold stuck in range. Levels to watch for directionThis week has been relatively quiet for gold traders, with the price confined to a narrow range between 2635 and 2655. In fact, aside from a few brief spikes, the price remains largely unchanged from Friday's close. Looking ahead, this tight range is likely to break in one direction or the other. As mentioned, the key levels to watch are 2655 and 2635; a breakout above or below these levels could provide clearer indications of the next move. For now, I am staying out of the market, awaiting further clarification, but I maintain a bullish bias.
OANDA:XAUUSD
by Mihai_Iacob
2
Consolidation breakout 600+ posible Indraprastha Medical Corp (4H Chart Analysis) Current Price: ₹504.90 --- Key Levels: Support Zones: ₹450 | ₹392 Resistance Zone: ₹520 --- Pattern Explanation: Rectangle Consolidation Breakout: Chart par ek rectangle consolidation ka pattern clear dikh raha hai, jisme price ne ₹450 aur ₹520 ke beech kaafi time tak move kiya. Ab price ₹520 ke upar breakout kar raha hai, jo bullish signal hai. Breakout ke baad price uptrend me ja sakta hai, aur ₹560 aur ₹600 ke levels ko target kar sakta hai. Higher Highs and Higher Lows: Price consistently higher highs aur higher lows bana raha hai, jo strong uptrend ko indicate karta hai. 200 EMA Support: Price 200 EMA ke upar trade kar raha hai, jo ek long-term bullish sentiment dikhata hai. --- Volume Analysis: Breakout ke time par volume me surge aaya hai, jo confirm karta hai ki ye breakout genuine hai. --- Trade Setup: Entry: ₹520 ke upar breakout confirm hone par. Stop Loss: ₹450 ke neeche (rectangle ke lower boundary ke neeche). Target 1: ₹560 Target 2: ₹600 --- Risk-Reward: Risk-reward ratio favorable hai, agar price rectangle consolidation ke breakout ke baad momentum maintain kare. --- Conclusion: Rectangle Pattern Breakout aur 200 EMA support ke saath, ye stock short-to-medium term ke liye bullish lag raha hai. Entry lene se pehle ₹520 ke upar closing aur volume ka confirmation dekhna zaroori hai. --- Note: Analysis technical basis par hai. Market conditions aur risk appetite ke hisaab se position manage karein.
NSE:INDRAMEDCOLong
by pas_infinity