Good morning dear traders: Explore today's Gold trading zones and enhance your market knowledge.
Entry: Place a Buy Stop at 1.04355, confirming a breakout from the falling wedge. Stop Loss: Set at 1.01702, below the recent lower low to limit risk. Take Profit: Target TP1 at 1.06993 and optionally TP2 at 1.09253 for extended gains. Confirmation: Wait for a daily candle close above the wedge before activating the trade. Risk Management: Risk 1-2% of capital and adjust position size based on the entry-to-SL distance.
The chart shows two rounded bottoms, which resemble an inverted head and shoulders pattern. This pattern is typically a bullish reversal indicator, suggesting upward price movement. The horizontal line marks a long-standing resistance level. A breakout above this resistance would indicate strong bullish momentum, as seen in the recent price rise. The projected move (indicated by the upward arrow) suggests a target price near $1,100. This aligns with the measured move of approximately 75.54% calculated from the pattern’s neckline to its lowest point. BNB is trading at $710.74 with a positive momentum of +2.51% for the current period. This setup indicates strong bullish sentiment in the market. However, traders should consider a possible retest of the breakout zone (around $600) and manage risk with a stop-loss below the neckline to avoid an unexpected reversal. Let me know if you’d like further assistance or adjustments! DYOR. NFA
Longed AGHA. Bought spot shares, no leverage. Resting above monthly support. Entry, Stop Loss and Exit all there. Will take a while to play out. Nice reaction in august of that monthly support. Should hold for uptrend to continue. Patience is always rewarded. Worth a punt! Will update in due time. Manage your risk! #DYOR
Now above key moving averages, and a bounce off prior support APP is looking good to the upside. NASDAQ:APP
I am seeing that on a daily basis the strength of $ against Rials is increasing the only option that iran has is a strong attempt to bolster production at all lines of industry at leat to 300 to 600% of the current status. only in this way we will be able to slow down or halt this currency weakness against the US dollar. it has bee alleged that iran can absorb around 2 trillion dollars in foreign investment to boost its economy. after the start of the revolution there has been a downtrend in investment.
CAT ~ 1D #CAT This trade is high risk. But if you still have Conviction on this coin,. This support block would be a very good buying place for now.
Good morning, traders! Today's Nasdaq analysis will help you achieve your trading goals. Let's work together towards success.
Quick video on how to create price trigger alert. This is to alert the trader to prepare to make an entry if the price nears the price that they want to enter.
Pairs on Watch - FX:USDJPY OANDA:XAGUSD FX:GBPAUD A short overview of the instruments I am looking at for today, multi-timeframe analysis down to what I will be looking at for an entry. Enjoy!