The previous decline has been almost fully recovered, and from a rebound perspective, it is nearing its conclusion. A pullback of about 1/3, roughly $30, is expected next, which presents a trading opportunity. Sell between 2670 and 2685, with a take profit (TP) target at 2638-2628.
Stop-Loss (SL): 2.05 ? Entry: Above 2.19 ? Target 1 (T1): 2.34 ? Target 2 (T2): 2.55 ? Conclusion: Break above 2.19 signals a potential trend reversal. Targets 2.34 and 2.55 offer favorable rewards. Use 2.05 as SL to manage risk. ? Stay disciplined! ⚠️ Risk-Reward in favor. ? Breakout opportunity!
Gold has indeed rised up to 2665 but still not broke it. Now it's at the crossroad. The latest resistance is 2670 and support is 2652. If resistance is broken, we will see 2690. If resistance holds, we could see a decline to 2630 level.
XRP is aligning for a big move! Once all the main MA's and EMA's converge on the 1H chart AND we break the red resistance area... XRP will finally continue the Bull Run and start a rapid rise. Your thoughts?
01.08.2025 / NYSE:EIX Fundamentals. Negative background due to power outages due to wildfires in California. Technical analysis. Daily chart: Change of uptrend to downtrend. Level 69.00, formed by the trend break in June 2024 is ahead. Premarket: Gap Down on moderate volume. Trading session: The primary impulse from the opening of the session was stopped at the level of 73.50 and the price began to tighten to the level with each subsequent pullback being smaller than the previous one. We are considering a short trade to continue the downward movement. Trading scenario: #breakout (#squeeze) of the level 73.50 Entry: 73.25 aggressive entry into the breakdown. Stop: 73.76 we hide it behind the high of the last pullback. Exit: Close part of the position before the strong daily level of 69.00. Close the rest of the position at 67.69 when the structure of the downtrend is broken. Risk Rewards: 1/10 P.S. In order to understand the idea of the Stock Of The Day analysis, please read the following information .
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My system is giving me a short signal. Im personally against it because i FEEL that price has been bearish for too long and it should turn to bullish... Important note: Wether the market moves in my direction or not, i take this trade beacuse my system is designed to keep MY FEELINGS out of trading... where they belong
Hey traders, I’m sharing a live trade I’ve just entered on the AUD/JPY pair. Let’s dive into the details, step by step, so you can see exactly why I took this trade and how I’m managing it. ? First, take a look at this beautiful uptrend line I’ve drawn. The price has been respecting this line perfectly, forming higher highs and higher lows, which shows us that the bulls are still in control. ? Right now, the price has bounced off this trendline, and that’s where I entered Long at 98.448. Why did I take this trade? 1️⃣ Trendline Support: The price bounced from a key support zone. 2️⃣ RSI Confirmation: The RSI is above 50, showing bullish momentum. 3️⃣ Clear Risk/Reward: This setup offers a solid risk-to-reward ratio, which is always part of my trading plan. Here’s the full breakdown: Entry Point: 98.448 Stop-Loss (SL): 97.976 (just below the trendline and the last swing low). Take Profit (TP): 98.870 (a key resistance zone and a logical target for this move). Risk-to-Reward Ratio: ~1:2 If the price hits my TP, it’s a solid win! If it hits my SL, I’ve kept the loss manageable, as always. ? So now it’s a waiting game, but I’m confident in this setup. What do you think? Will the price reach my target? Let me know your thoughts in the comments below, and don’t forget to like and subscribe for more live trades and market insights! ? Disclaimer This content is for educational purposes only and should not be considered financial advice. Trading involves risk, and you can lose more than your initial investment. Always do your own research and consult a professional before trading.