Price Targets Medium-term: $0.52 - $0.55 Long-term potential: $1.35 Core Trading Strategy: Dual Time Frame Momentum My trading approach is based on a Dual Time Frame Momentum Strategy, where I base direction off the higher timeframe (Monthly) which helps to determine overall market direction and then use lower timeframes (Weekly/Daily) for tactical entry/exit points. Exit Strategy Parameters Monthly timeframe must show BOTH: RSI in oversold region Stochastic RSI: In oversold region and K line crosses below D line When these conditions are met plus a few others, it will signals the potential end of the bull cycle for Gala and time to exit positions. Technical Analysis Medium-Term Target ($0.52 - $0.55) Based on extension from previous high to previous low, look for a price extension to to 0.618 Fibonacci level which represents realistic bull run target. Long-Term Target ($1.35) Based on 1.618 Fibonacci extension (Golden Pocket). Whilst this may seem like a crazy price, similar extensions have been achieved by Bitcoin and XRP already. Note: Represents significant multiplication (~300x). Consider this an optimistic scenario rather than base case. Key Strategy Emphasis The monthly timeframe serves as the primary indicator for continued bullish momentum. Regardless of price targets, monthly indicators will be the decisive factor for me maintaining or exiting positions. Risk Management All price targets are subject to monthly timeframe confirmation of continued bullish momentum. Strategy emphasizes staying in trend while having clear exit parameters defined by monthly technical indicators.
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rsi up and macd curling higher. short term targer is at the volume shelf 81.xx. if we can mount these levels I can see 84 coming quick! keep on the Watch
Looking for price to pullback to the mid range support. If price moves instead to the local top I will wait for a break and enter a long on the retest.
ABC correction Edge of modified pitchfork WE are LONG
looking at the Volume increasing now and the Breakout of the Value Area High with Confluences also from the WVAP i personally could now imagen that this Drop what we had was the last Drop for now to catch everything deeper. i will take a Risk and it is my Personal thought that we will see those Targets on BTC: ? Entry CMP : 101164 ? SL: 97993 ? Target 1: 105710.5 ? Target 2: 112919.0 ? Target 3: 124707.0 ? Target 4: 136410.0 ? More TP: 140k - 150k also do your own Reseach this is my own idea. Cheers to all and happy Trading.
Last Two Days are awesome. Manage Risk Move On to next that's all u have to do.
My short AUD/JPY bias sprang into action quicker than I expected two weeks ago. While support has since been found, it looks like it wants to retrace against that initial drop. Yet I have my eyes on the bigger (and more bearish) prize, and when comparing this cross to other yen pairs, I suspect another leg lower could be due when the current bounce fizzles out as anticipated. MS
TRADE PLAN NFLX Long IF 1hr uptrend if price retraces for correction down to 913.71 THEN I will get in with 10 Shares and manage the trade to get a 4:1 and manage the trade for a potential 9:1
In the future gold trend, focus on the points marked on the chart. 2704-2688-2675-2667-2652 are important supports, and the rising resistance is 2725-2750-2769-2788-2803 2666-2652 is an important support for the rising trend. In the next fluctuation, as long as this area is held and not broken, the rising trend will continue until around 2800. After that, 2750-2725 will become the support of the new trend.