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Trendisyourfriend

DOGE/USDT (1D Chart) DOGE/USDT continues to display bullish market behavior, consolidating within a **rising wedge** formation as the price trends upward. The narrowing of the wedge indicates that the price is approaching a critical point for its next major move. **Key Observations:** 1. **Price Action:** - The price remains firmly above key moving averages (20, 50, and 200), signaling a continuation of the broader uptrend. - The narrowing wedge reflects a buildup of tension, typical before a decisive breakout or breakdown. 2. **Volume and CMF Dynamics:** - A **notable drop in volume** is visible as the price consolidates, which often signals a pending sharp move. - The **Chaikin Money Flow (CMF)** indicates declining momentum, highlighting a reduction in buying strength and market participation at this stage. 3. **Momentum Indicators:** - **OBV (On-Balance Volume):** Maintains an upward trend, indicating consistent accumulation despite the consolidation. - **RSI:** At **70.95**, the slightly overbought reading suggests the possibility of temporary consolidation or a pullback before a potential continuation of the uptrend. **Conclusion:** DOGE/USDT is approaching a decisive moment as it consolidates within its rising wedge. The **drop in volume**, visible both on the chart and through the **CMF**, is a common precursor to significant price action. While momentum remains intact, traders should watch for increased activity that confirms the next move.
Long
by vagada
USDCHF Final Flag Retracement for BULL Continuation!? FX:USDCHF Time Frame: 1 Hour Trend: Bull Pattern: ~Price formed big bull break out @0.8921 AND 0.9005 ~Price forming a bull flag on Hourly ~Price always consolidates after a big with trend move ~Buys only @ 0.9005 and 0.9020 Area of Interest Time Frame: 15 Minute Trend: Bear Pattern: ~Price formed a series of lower highs and lows ~Price broke through down trend channel @0.90354 ~Price broke down trend channel indicating end of down trend ~Buy if price retraces the 1.618 fib extension of bull leg breakout of down trend channel for price to rally back to 0.90354 where structure last broke ENTRY Buy @ 0.90166 which is at 1.618 fib extension of bull leg breakout of down trend channel SL @ 0.90121 TP @ 0.90416
Long
by hgidharry
How to SPOT a TRENDTrend trading strategies are very valuable as a trader. The term the trend is your friend is fitting when trading stocks. Knowing how to identify the trend is very important because it gives important clues for entries and exits when trading. "Whatever method you use to enter trades, the most critical thing is that if there is a major trend, your approach should assure that you get in that trend." -Richard Dennis. “Fundamentals that you read about are typically useless as the market has already discounted the price, and I call them “funny-mentals”. I am primarily a trend trader with touches of hunches based on about twenty years of experience. In order of importance to me are: (1) the long-term trend, (2) the current chart pattern, and (3) picking a good spot to buy or sell. Those are the three primary components of my trading. Way down in a very distant fourth place are my fundamental ideas and, quite likely, on balance, they have cost me money.” – Ed Seykota “I’ve learned many things from him , but perhaps the most significant is that it’s not whether you’re right or wrong that’s important, but how much money you make when you’re right and how much you lose when you’re wrong.” – Stanley Druckenmiller “I just wait until there is money lying in the corner, and all I have to do is go over there and pick it up. I do nothing in the meantime. Even people who lose money in the market say, “I just lost my money, now I have to do something to make it back.” No, you don’t. You should sit there until you find something.” – Jim Rogers “Play the market only when all factors are in your favor. No person can play the market all the time and win. There are times when you should be completely out of the market, for emotional as well as economic reasons.” – Jesse Livermore “Whenever I enter a position, I have a predetermined stop. That is the only way I can sleep. I know where I’m getting out before I get in. The position size on a trade is determined by the stop, and the stop is determined on a technical basis.” – Bruce Kovner "Amateurs think about how much money they can make. Professionals think about how much money they could lose." –Jack Schwager. "The price of a commodity will never go to zero. When you invest in commodities futures, you are not buying a piece of paper that says you own an intangible of the company that can go bankrupt." –Jim Rogers. "It's not always easy to do what's not popular, but that's where you make your money. Buy stocks that look bad to less careful investors and hang on until their real value is recognized." -John Neff. "We don't care about 'why'. Real traders only have the time and interest to care about 'what' and 'when' and 'if' and 'then'. 'Why' is for pretenders." -JC Parets. "You only have to do very few things right in your life so long as you don't do too many things wrong." -Warren Buffett. "The goal of a successful trader is to make the best trades. Money is secondary." -Alexander Elder. "Do not anticipate and move without market confirmation—being a little late in your trade is your insurance that you are right or wrong."
CAPITALCOM:OIL_CRUDEEducation
by DaveBrascoFX
VISA - BULLIS CONTINUATIONThe middle Visa price target is $256.47, with the highest Visa stock price forecast at $288.00 and the lowest Visa stock price forecast at $210.00 for the range of 2023. Visa is one of the leaders in card issuing and the digitalizing of payments makes card transactions a daily routine, carrying cash is very old-fashioned. That's why we think Visa is something likely to grow for at least a year or two before taking over by crypto for example. Who knows of Ripple's win against SEC to see Ripple's dominance in transacting and companies like Visa and Mastercard go down the drain? Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
NYSE:VLong
by legacyFXofficial
NASDAQ : New uptrend in sightObserving the price dynamics of the last daily candlesticks, we see that from the high of February 2nd, the market has started a retracement movement, creating bearish swings that have brought the price back within the dynamic channel, reaching LuBot's TrendCloud. We now see a bullish signal with large volatility closing above all major moving averages after the last swing low hit the ema21 Weekly and creating a new positive swing from which the positive swing count could restart. Considering that the candle closed on the resistance level, I could expect a short retracement that could bring the price around 12150/12050, a movement that I will use to enter my Long entry with stop loss below the last swing low and take profit in the maximum area at 12700. Observing the Weekly chart below, we see that a beautiful price dynamic has formed which shows how the breaking of the high of the following weekly candle would trigger a trigger that could bring the prices to the 13500 area where we find the next more resistance area important. Let's keep an eye on it in the next few days because there could be several signals of following the trend. For this analysis I mainly used the LuBot indicator with signal settings set to "MultiSignals", Signal style = 1, no limit on signals. If you want to use it too, you can ask me for a free 7-day trial without obligation. Best wishes and happy trading to all
OANDA:NAS100USDLong
by LuTrader_LB
GBPUSD bearish targets FX:GBPUSD Hes Traders, GBP/USD has been unable to break the top trendline on the daily view. In my opinion for next week, GBP/USD will not be able to break this trendline, it may wick above it for a short time, but it will not completely break it. A complete break for me would be more than two 4-hour candles closing bullish. Another indication of a bearish move for me is the daily Fibonacci retracement, it is currently just above the 68% level. On the 4-hour chart, the currency is at the 78% level and also in a major resistance zone. This is the third time that the currency has attempted to break this zone, and I don't think that will happen if the USD is bullish. My target profit zone would be the Fibonacci -27 level, as there is also a significant resistance/support zone there.
Short
by NeptenFX
4
EURUSD in humangus wedge?!! Yeah it appears so :)So basically we have a dance between eurusd and dxy - and emaflow is really good at projecting these ranges . EUR needs to stay above the green oversold area - but something tells me it will... we're basically really really not like 2000ish, and we're basically in a wedge? All this points towards a potential eurusd soon bottoming - this historically also was during bear markets but not recessions - also if we are building a recession - historically it took 2 years for eur to crash.. we might do it sooner but overall i think we're due for a bounce. Ye like its god damn 2013 all over again. Or maby inflation kills us anyway. Time will tell... Keep in mind this gets invalidated if we crash below our os area.
Long
by EMAflow
Risk to Reward ratio is the QUEEN - Number two reason to tradeWhen i want to take a trade, I look for ODD ENHANCERS, the more odd Enhancers I have the more likely the market will turn in my favour. One of the most important Odd Enhancers is proper Risk to Reward ratio. Rs/Rw means how much am willing to risk if the trade goes against me, divided by how much Reward is trade gives if it is profitable. A properly weighted Rs/Rw ratio yield a factor of 4 to 5. In this trade on QSR traded on the NASDAQ, am risking a little over a dollar for a reward of four dollars & much more if the new formed downtrend continues. now, we got the Rs/Rw ratio out of the way of teachings. why would i Enter this trade. If Risk to Reward is the Queen then identifying the Trend is KING. You must of heard people say, trade the trend, swim with the current not against it & you flow. - first step Identify the Trend on any longer term chart. (there are many techniques for this) - Second step trade the trend corrections on the Short term chart (this is the chart I use to identify my ENTR price & my STP losses) This is it! identify the trend on the bigger picture & look for opportunities to join. In this Trade. according to my Trend identification technique, I observed the Week (W) long term trend to turn into a downtrend after it broke the last LH of the previous week uptrend. now the trend is down. am looking to short. I ENT my SHRT at 59.80 with a tight STP above 61.03 my risk is tolerable when compared to my Reward if the downtrend was to continue. well, it is struggling. my trigger STP was triggered & am out. simple as that. I will take my small loss & walk away holding my head high in respect for my trading plan that does not work all the time but works enough that i can make a living doing this.
NYSE:QSRShort
by greatful-me