🔍COMP is currently in a consolidation phase on the 4-hour timeframe, forming a sideways trading range. Considering the upward trend behind it, if the long trigger is activated, it would be favorable to open long positions with increased confidence. 📉For short positions, our risk trigger is at 85.37. Given the bullish nature of the market, I do not recommend...
🔍In the 4-hour timeframe, GMX exhibits a clear ascending trendline providing consistent support, yet to be breached. It once faked out the trendline, followed by higher lows, demonstrating resilience and breaking the resistance at 59.2 with conviction. 📈Following the break, two significant red candles with substantial volume are observed, serving as potential...
Accumulation Range Breakout: BINANCE:DOGEUSDT has successfully broken out of its previous accumulation range over the past few weeks. 🐃This breakout confirms a bullish trend reversal and indicates potential for further price appreciation.🐃 🍣Key Resistance Level and Consolidation: The price has reached a significant resistance level, leading to price...
3 different entry approaches, which one is right and why?
🍣📈Weekly Channel Breakout and Retest: MINA previously broke out of its weekly channel and reached its target successfully. The recent breakdown below the channel indicates a loss of bullish momentum and potential for a retracement. 🔍📉Corrective Phase and Resistance Levels: If MINA undergoes a correction, it is likely to retrace upwards until reaching its weekly...
WATCHLIST Here is my watchlist from yesterday: NYSE:ALLY NASDAQ:CGEM NASDAQ:KURA NASDAQ:LRMR NASDAQ:MGX NYSE:ML NASDAQ:TPG NASDAQ:WDFC MARKET GAUGE : 🔴RISK HIGH I am noticing a deterioration in the quality and the spread of the breakouts. I would conclude that the environmnet has actively changed to more difficult. In such...
breakaout above support level , a good risk reward ratio 1:2.5 good entry point , res became sup
.......... high Risk ........... Good Luck ===========================
JPM might have a bad week? Maybe bad Feb? idk yet, however, from technicals, it seems like after 181 or so, and especially after $210, there isn't much upside showing. Likely meaning, the risk far outweighs the reward at those levels. IT could be big, and it could be fairly quick. if you're shorting, yeah, these are great times to consider entering. The...
This is my idea for next weeks trading. Higher time frame we are at a support area. when we look into lower time frame price structure respected the support and is making its way to the upside with HH and HL. great risk to reward setup on this trade once we come down to this 15 minute support area we can place a buy with 1:5 or higher risk to reward setup.
BINANCE:BTCUSDT Bitcoin weekly update Four weeks ago in the price correction we took the risk and went long in Bitcoin. Now the price has reached two important resistances The first resistance is 52 thousand And the second resistance is the ceiling of the ascending channel So we get a little profit It should be noted that we do not have any significant...
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Embarking on a long position in ORPEA (ORP) requires a keen understanding of its inherent risks, notably stemming from a previous scandal that has cast a shadow over the company's reputation. However, amidst these challenges, ORPEA is undergoing a significant transformation, including a consolidation of shares where 1000 shares will be transformed into 1 share at...
YANG on a 240 minute chart had a reverse head and shoulders pattern last summer. Price rose over the neckline in November and hit an increased trend angle at that time. With a set of VWAP bands anchored to the neckline cross, TANG had pulled back twice to the mean VWAP where it found support, the latter of which was this past week. While price is currently...
24-01-28 GBPUSD Long Entry Entry Price: 1.26950 Stop Loss Price : 1.26650/ 40 Pips Take Profit: 1.27400/ 60 Pips Risk To Reward : 1 for 1.5 Trade Grade: c- Confirmation Entry Model Using the 15m for lower time frame confirmation
The US Energy Department has announced open bids for oil contracts to replenish the national strategic reserve which was depleted during the prior run up on global oil prices. This is a sure sign that the feds think that spot oil has but in a bottom especially in the context of shipping disruptions and higher insurance costs due to terrorism /piracy in the...
AUDUSD: Daily Long Signal - 24-01-18 Tagged In on 24-01-23 Entry Price: 0.65700 Take Profit: 0.66780 125 PIP gain Stop Loss: 0.65100 50 PIP Stop Loss Risk To Reward: 1 % For a 2.0 % Return -Placed Pending order and tag into the trade Trade Management - Steps if you taken the trade A. Place Take Profit at * 0.66555 * Risk To Reward is 1 % for 1.5% B....
Hello guys, on eurcad we have a strong continuous breaks to the up side and we currently have a deep pullback at the discount pricing which we are expecting the market to continue higher .