Continue to buy today, rely on the 5-day moving average to enter the market, and rely on the 10-day moving average to continue to be bullish at the extreme position. From the perspective of the morphological structure, the upper trend line pressure is around 3036, and the 4-hour level market is consolidating at a high level! The high point of the daily chart continues to break through, which is an unstoppable rhythm. At the same time, the K line runs at a high level of 2990-3000. This is a sign of laying a solid foundation, sitting firmly at the bottom, and the moving average continues to run upward, which is also close to vertical upward. Wait for a decline to continue buying more! At present, gold is still bullish and strong. As long as there is a chance to fall back, we will buy it. It is easiest to trade with the trend. Key points: First support: 2993, second support: 2982, third support: 2968 First resistance: 3016, second resistance: 3028, third resistance: 3040 Operation ideas: Buy: 2988-2990, SL: 2981, TP: 3010-3020; Sell: 3016-3018, SL: 3027, TP: 2300-2990;
Trade Rationale: This short trade on NZDUSD is based on a confluence of bearish technical signals, suggesting a potential downward move. Divergence RSI on Lower Timeframes: This indicates a weakening of upward momentum. While price may have been making higher highs, the Relative Strength Index (RSI) was not confirming this, signaling a potential reversal. Golden Fibonacci Level: This suggests that price action has reached a key retracement level (likely the 61.8% Fibonacci level), often associated with strong resistance and potential reversals. 4-Hour Wicked Tails Rejection: "Wicked tails" (or long shadows) on the 4-hour chart indicate that price attempted to move higher but was strongly rejected by sellers. This reinforces the idea of strong resistance at that level. Trade Details: Entry Level: 0.58197 This is the price at which you initiated your short position. Stop Loss: 0.58724 This is your risk management level, designed to limit potential losses if the trade moves against you. Take Profit: 0.55525 This is your target price, where you intend to close the trade and realize your profit. Trade Type: Swing Trade This implies you expect the trade to play out over several days or weeks. Risk-Reward Ratio: 1:5.1 This indicates a very favorable risk-reward ratio, meaning that your potential profit is significantly greater than your potential loss. This is a very positive aspect of your trade. Overall Impression: Your trade setup demonstrates a sound technical approach, combining multiple indicators to identify a high-probability short opportunity. The excellent risk-reward ratio further enhances the appeal of this trade.
Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 241/161.80% Chart time frame: D A) 15 min(1W-3M) B) 1 hr(3M-6M) C) 4 hr(6M-1year) D) 1 day(1-3years) Stock progress: C A) Keep rising over 61.80% resistance B) 61.80% resistance C) 61.80% support D) Hit the bottom E) Hit the top Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern. When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point. As a great help, tradingview provides these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved. If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks. If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.
Gold is in sideways condition and now it's trying to break it's upper handle and once it break the high this time, then with full confirmation this could be a Buy setup and then SL should be at the below entry candle and always trail your Stop Loss.
What's up, Discord? My SPY levels for tomorrow will depend on pre-market action, so they are subject to change. Uptrend: I will remain bullish as long as SPY stays above 564.20 - 565.15, a strong support zone on the 4-hour timeframe (these levels have been tested multiple times). If SPY holds above this zone, I’ll be watching for a break above today’s high at 569.71 and a potential push toward 572 - 574. Downtrend: To the downside, if SPY loses 564.20, the following key levels I’m watching are 562.80 and 561.90 for further downside pressure. This is my outlook, but make sure to chart it out yourself!
USDJPY Looks Bullish, Previous Day Candle Has closed above Friday Candle and we still have a LTH not taken i think today we will be bullish we might have a correction drop down to 0.25 or 0.5 of the previous day and continue higher https://www.tradingview.com/x/epstg7BK/
$PLUME just announced a partnership with Binance Labs, but this bad news, let me explain. This announcement happens to come just 4 days before a token unlock of over 100 Million $PLUME and what makes it worse it that they have token unlocks every month on the 21st, which doubles from July onwards. This is why you should never just FOMO in or buy a massive green candle, if you don't know the full story. It is common for VCs to engineer exit liquidity so that they have a broad market to sell on. Your job is to become smart enough to avoid this and not be exit liquidity! For more follow my page!
In this idea we will demonstrate how to apply the new profile mode and ladder type display to the volume footprint charts using Tradingview.
Head n Shoulder pattern spotted out on 1HR , placing my BOS and Order block for my entry, Patient, discipline and execute fearlessly.
Dear internet trading psychics, would you kindly let me know if we going up or down? You know what, I"M HAPPY EITHER WAY! You know I gots that smol starter position. If we go down, I'm going to add at that lower level. If we go up, I"M GETTIN MY BAG!!! ??? The waves look good, bruvs. Let's surf!