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GOLD SHORTING OPPURTUNITY NOV 1ST 2024"Gold has trapped buyers, closing below a key demand zone that also served as support on the 1-hour timeframe. To approach this setup strategically, let the price retrace to the 0.5 or 0.618 Fibonacci level. Avoid entering trades immediately as it reaches these levels; instead, wait for a clear formation of lower lows to confirm the setup. Keep in mind that the recent support may now act as resistance, creating a possible reversal point. Additionally, a minor order block aligns with the 0.618 level on the 5-minute chart. Be thorough in checking all confirmations, and take the trade with a manageable stop loss. Keep your risk controlled, especially with the current market volatility. If you found this insight helpful, don’t forget to like, follow, and comment for more trade logic!"
OANDA:XAUUSDShort
by munmeeth
bear call spread on QQQThis is obviously over the election. I THINK ELECTION RESULTS "drag out" and we don't really "know" who wins until 11/15? or something? Now.. I'll start bumping up my GO TO CASH price anyway. This is essentially a market hedge that IF we trade sideways or have any more down movements, this trade works. IF we DO continue to go higher, I'll be profiting on my general portfolios and positions but I will go to cash around $505.05. BUT we need to hit that # in before 11/5. Otherwise, I'll begin increasing it. The overall trend is bullish. Bull put spreads DEF make the most sense. This certainly is more of a 'hedging' style trade for me. Not too large of risk.
NASDAQ:QQQ
by Reallifetrading
The Secret Of The 3 Step System..I made a mistake by recommending buying Apple stock its was so quick that it showed up on my screener and then disappeared. In order to fight this error I have decided to only scan for stocks after the market close. The trap is called a bull trap. Because it happened during trading hours My Big Bull Trap Mistake This mistake is so painful because I was so confident in my ability to trading the capital markets. I felt like I let my followers down. this is why I always say trading is risky you will lose money as soon as I noticed this mistake I cut my losses quickly just like Tim Sykes usually says to do. Now look at this chart NYSE:HIMS below you will see the RSI indicator. This indicator will help you measure whether the price of stock is cheap or expensive. Are you Good At Risk Management? When you start trading risk management is very much important for you to master and understand. Am not perfect with my trades. But I will try to show you the best technical analysis tools I use. But there is one last step that you have to master. Its called crowd psychology. Having technical analysis tools is not enough. this is why you have to invest in a newsletter or research service that supports your trading journey.This research that you will engage with will help you with understanding crowd psychology and risk management tactics. The good news is there are a lot of trading experts that are willing to share their knowledge with you for a monthly or yearly fee. You just need to increase your interest. How To Develop A Trading Strategy Developing a trading strategy as well takes time. Yesterday I felt so discouraged because I chose the path of studying the capital markets.No one teaches about the capital markets in school. And so I felt like I was just wasting my time. But deep down I believe the capital markets are a form of production. That we need in an economy. In order to master technical analysis I developed a strategy called The rocker booster strategy And it has 3 steps: Step#1 - The price has to be above the 50 MA Step#2 - The price has to be above the 200 MA Step#3 - The price should gap up in an uptrend if you follow these steps you will learn trend analysis, technical analysis and uptrends. If you don't then you can always learn more Remember to rocket boost this content to learn more. Disclaimer: Trading is risky you will lose money whether you like it or not please learn risk management and profit-taking strategies
NYSE:HIMSLong
by lubosi
GOLD ANALYIS REVIEW 1ST NOV 2023"Gold recently broke the trendline, but note that it did not close below its lows on the 15-minute timeframe. Many traders might have entered right after the breakout or retest, but it's crucial to confirm whether lows are actually breaking before taking any position. Currently, gold has broken our key order block and retraced for a possible retest or a buyer trap. I observed a rejection after gold broke a swing low, filling an imbalance/fair value gap (FVG), which led me to consider a long position. This trade carries a bit more risk since the momentum hasn't been as strong as with BTC, so I've opted for a smaller risk allocation." pls like follow and comment for more such trade ideas !
OANDA:XAUUSDLong
by munmeeth
1
BTC Chart on 30 MIN TimeframeKey Observations and Pattern Analysis Trend Identification: The chart shows a downtrend with a series of red candles before hitting a swing low, indicating potential exhaustion of selling momentum. Following the swing low, there is a notable green candle bounce, suggesting a possible reversal or corrective upward move. Indicators Used: Moving Averages: Two moving averages are visible, likely a shorter and a longer period, providing a smooth trend-following component. Price breaking above the shorter moving average can signal a short-term bullish trend. Parabolic SAR (dot indicators): These dots help confirm the trend direction. A flip below the price action after the swing low suggests the beginning of an upward trend. Bollinger Bands (or similar bands): These envelop the price movement, showing volatility expansion during the downtrend and potential contraction as prices start to stabilize. Support and Resistance Levels: Demand and Supply Zones: Identified in green (demand) and red (supply) zones, suggesting areas where buying or selling pressure is expected to be strong. Entry and Take Profit (TP) Levels: The chart shows an entry around 69972.08, with potential take profit levels at 70700.63 (TP1), 71429.18 (TP2), 72157.73 (TP3), and 72886.28 (TP4), providing potential targets for an upward move. Swing High and Swing Low: The marked swing high and low points help define the range of the current price action. Breaking above the swing high could confirm a trend reversal, whereas a fall below the swing low might indicate continuation of the downtrend. Trading Signal Current Signal: BUY Entry: The recommended entry is around 69972.08, following the upward momentum from the swing low. Stop Loss (SL): Positioned at 69243.54 to manage risk, below the recent low to allow some volatility but cut losses if the price reverses significantly. Take Profit Targets: Gradual targets (TP1 to TP4) allow staged profit-taking as the price moves upward, aligning with resistance levels. Performance Metrics and Signal Strength Accuracy: Shown as 77.8%, indicating that the current setup and indicators used have historically produced favorable outcomes for this type of setup. Profit & Loss (P&L): Estimated P&L values provide insight into the potential reward based on the target levels, useful for gauging risk-to-reward ratio. Additional Considerations Market Conditions: The dashboard shows a bullish trend with strong momentum indicators (e.g., RSI at 78.44), suggesting favorable conditions for a potential upward move. Risk Management: The absolute stop-loss setting limits losses, while staggered take profit levels manage gains conservatively, accommodating price fluctuations.
by ifro09
EURCAD What Next? SELL! My dear subscribers, EURCAD looks like it will make a good move, and here are the details: The market is trading on 1.5128 pivot level. Bias - Bearish My Stop Loss - 1.5169 Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 1.5066 About Used Indicators: The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
NZDJPY Will Explode! BUY! My dear friends, Please, find my technical outlook for NZDJPY below: The instrument tests an important psychological level 91.135 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 91.469 Recommended Stop Loss - 90.960 About Used Indicators: Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
EURCAD Will Go Down From Resistance! Short! Here is our detailed technical review for EURCAD. Time Frame: 1h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 1.513. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 1.509 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
NZDCAD Will Go Lower! Sell! Take a look at our analysis for NZDCAD. Time Frame: 1h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 0.833. The above observations make me that the market will inevitably achieve 0.830 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1