EURCHFEURCHF is trading in descending parallel channel. The price was reacting well the support and resistance of triangle.
Currently the price has given the breakout of local falling wedge from strong support zone and now retesting the broken level where it is also forming a local support zone and seems like the price may go for another leg higher.
If the breakout sustain to upside the optimum target could be 0.9620.
What you guys think of this idea?
Breakouttrading
AUDUSD Breakout Opportunity Hi Traders!
AUDUSD is in a descending triangle, and there is a possibility of a break below the trendline support.
Here are the details:
The market is trending down with swings of lower highs and lower lows following the break and close below the 20 EMA. Our idea is to sell rallies, looking for a break below the support trendline and exit at 0.64924.
Preferred Direction: Sell
Entry Level: 0.65614
Stop Level: 0.65959
Target Level: 0.64924
Technical Indicators: 20 EMA
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Trade safely and responsibly.
BluetonaFX
ALTSEASON Get ready for a game-changing rideTOTAL Market Cap is on the breakout.
Looks like we're inching closer to the official ALTSEASON 2025.
The real fun is about to kick off.
Total 2 Breaking out.
Get ready for what could be a game-changing ride!
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TradingView: @FarmanBangashh
NZD/USD ↗️ Long Trade Setup ↗️Hello Everyone 🙋🏽♂️
descending Chanel Breakout
🟠 EP 0.61540
🔴 SL 0.61355
🟢 TP1 0.61723 ⚠️( Close 33% of the trade and Set the SL on EP )⚠️
🟢 TP2 0.61910 ⚠️ ( Close 33% of the trade )⚠️
🟢 TP3 0.62097 🔥 ( Final result)🔥
We are not responsible of any losses for anyone, our trades are profitable more for long terms and we take losses as everyone,
manage your lot size as well and your SL and TP and my opinion is 0.01 lot for each 500 $.
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Best Regard / EMA Trading .
Disclaimer:
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It's not a financial advise, As everyone we take losses sometime but for long term trading we are profitable traders, so manage your account well with SL and TP and your lot size to keep your account safe and stay in the market
EUR/USD ahead of NFPThe EUR/USD pair is facing challenges in capitalizing on the slight rebound from the level of 1.07566 observed the previous day. Despite remaining below the 1.0800 threshold as the European session approaches, there is a lack of sustained selling pressure. Traders are eagerly anticipating the release of the highly anticipated US monthly employment data.
As the market eagerly awaits the Nonfarm Payrolls (NFP) report, there is a collective interest in gaining insights into whether the historically tight labor market is showing signs of loosening. This would reaffirm the dovish expectations regarding the Federal Reserve (Fed). Presently, market participants are increasingly convinced that the US central bank has concluded its policy-tightening efforts, with a growing inclination toward pricing in a 25 basis points rate cut as soon as March 2024. Consequently, the forthcoming vital data will play a pivotal role in shaping the Fed's policy outlook, subsequently influencing the demand for the USD and potentially providing significant momentum to the EUR/USD pair.
Another cycle another dollar to be madeHi guys its been a while since I've posted last
the cycle is continuing again as predicted
volume slowly picking up
etf bitcoin news is very promising
there is a new bullish channel emerging on the shorter period of the next 6 months
with a min growth of up to 65k
and max growth of up to 140k
after the spike it'll drop back down and slowly fill back to 45k as support while maintaining
the long term bullish channel from 2017
GBPJPYGBPJPY is trading in descending parallel channel. The price was reacting well the support and resistance of triangle.
Currently the price has given the breakout of triangle and now retesting the broken level where it is also forming a local support zone and seems like the price may go for another leg higher.
If the breakout sustain to upside the optimum target could be 187.
What you guys think of this idea?
Trading cannot get simpler than this_BRITANNIA_TRADE-SETUPThe good old support and resistance play ongoing in Britannia.
The stock first broke out on Nov.7 from a 2 month old resistance zone of INR 4600-4650.It has then again tested the same breakout level on Tuesday's trading session. This retest seems to have re-energized the engines of this stock that is cruising forwards quite strong from past 2-trading sessions.
Another minor resistance of 4710-4730 has been taken out in yesterday's trading session as well.
The stock shall now advance towards INR 4960 which could be used as a target level for a short term trade.
INR 4710-4730 shall now be considered as a support area for the stock in case it pulls back a bit on smaller timeframes. The pullbacks are always great to look for to enter into a trade.
Note*- The views are based on personal opinions/observations. Please do your own research before making any trading/investing decisions.
CRWD - US cybersecurity play If this market will find traction and have a follow-through day, I will bet on CRWD being one of the next up-cycle leaders.
IBD 94 Relative strength and 99 Composite and EPS ratings are markers of a superb company. The industry group is 35 out of 197. High double and triple quarter earnings growth and stable 40+ sales growth for 3 qrts in a row; with stable 35+ ROE; Up/Down volume of 1.5; double digits analyst estimates of 24/25 EPS growth and increasing number of institution last qrt... all these make me call this stock a perspective leader.
From the technical perspective, notice how well the stock price holds and builds the high-handle close to 2023 highs, while general index (line above) is in a downward momentum being almost 10% of the highs. Unfilled gap-up on 31Aug (green circle) is also a sign of strength to me.
I want the price to subside more in volatility to the right side of the handle, creating a tight 3-4% risk pivot and maybe an inside day before breaking out above 172 pivot. That would signal and ideal entry point for my strategy with very tight risk. Although if price decides not to wait and will proceed with definite move above 172 pivot with supportive volume and will be hesitant to buy/add to the position, expecting the price to move to next resistance 194-206 target area.
Trading thesis is wrong if price moves bellow: 157 area