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GOLD → Ahead is 2430 and strong news. Going up to 2500?FX:XAUUSD overcomes trend resistance, forming a bullrun to the liquidity zone amid positive rumors. The price is testing 2430. Possible correction before the news. Today is a busy news day, high volatility is possible. Ahead of ADP Nonfarm, Chicago PMI and the most important last: Fed Interest Rate Decision and FOMC conference. Nobody is going to cut the rate today, but Powell may give a signal about interest rate reduction in the coming months on the background of slowing labor market growth. Traders evaluated the possible potential positively enough and rushed through 2390 to 2430. Technically, a retest of resistance is formed after quite a long time, liquidity may not let the price up the first time, respectively, a correction is possible before further growth. Resistance levels: 2429, 2452, 2474. Support levels: 2404, 2400 The fundamental and technical background is favorable, if something unpredictable does not happen today, gold may continue its recovery phase. But, pay attention to the news, as they will be published in a cascade and the temporary mood of the market may be volatile.... Rate, share your opinion and questions, let's discuss what's going on with ★GOLD ;) Regards R. Linda!
FX:XAUUSDLong
by RLinda
17
GBPJPY → Ahead of a rate hike in Japan...FX:GBPJPY intends to continue the current bearish rally. The price temporarily stops at the 197.00 zone for a short respite before falling further. The market is expecting an interest rate hike in Japan... Price breaks the bullish market structure and then confirms the bearish one, indicating a change in the global trend. Volatility is rising in Japanese markets, with the Bank of Japan expected to discuss a rate hike this week and consider a plan to halve government bond purchases. This is a strong scenario for the strengthening of the national currency, traders are reducing the number of short positions this time. Technically, the focus is on the level of 197.2, this zone splits the market into two zones. Accordingly, price consolidation below this level will be the starting point before the rally. Support levels: 195.8, 193.8, 191.8 Resistance levels: 197.2, 198.75 Both fundamentally and technically everything is steamed towards further decline. The actions of the Central Bank of Japan affect the rate quite strongly... Rate, share your opinion and questions, let's discuss what's going on with ★GBPJPY ;) Regards R. Linda!
Short
by RLinda
5
SWING IDEA - AFFLE (INDIA) LTDAffle India , a global technology company specializing in mobile advertising, is showing technical patterns that suggest a potential swing trading opportunity. Reasons are listed below : Ascending Triangle Pattern : The stock is forming an ascending triangle pattern, a bullish continuation pattern that indicates increasing demand and the potential for an upward breakout. Repeated Resistance Testing (1250-1300) : The 1250-1300 resistance zone has been tested multiple times. The stock is now poised to potentially break through this level, indicating strong bullish momentum. Bullish Marubozu Candle : The recent formation of a bullish marubozu candle suggests strong buying pressure and the potential for further upward movement. Trading Above 50 and 200 EMA : Affle India is trading above both the 50-day and 200-day exponential moving averages, indicating a strong uptrend and providing robust support levels. Consistently Making Higher Highs : The stock is consistently making higher highs, indicating a sustained uptrend and ongoing bullish sentiment. Target - 1500 // 1880 Stoploss - weekly close below 1050 DISCLAIMER - Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services. @visionary.growth.insights
NSE:AFFLELong
by Visionary_Growth_Insights
GOLD → Bulls hold the defense. Retest of resistance...FX:XAUUSD is strengthening from 2370 and testing the resistance of the actual local trend. Dollar in range ahead of news... Traders are waiting for Wednesday and the FOMC conference, where they may discuss atcual situation on inflation and monetary policy, as well as Fed Interest Rate Decision, where most likely the interest rate will remain at the same level, but may make a good hint on a soon decline.... Gold on D1 is consolidating above the support line, which generally determines the future prospects for us. Locally, the bulls hold the defense above 2370, forming further growth, within which they break the resistance of the local triangle, but the price is held back by the global descending channel. It is not excluded that the price may test 2377-2370 before further growth, but at the moment the focus is on the nearest resistance zone. Support levels: 2377, 2370 Resistance levels: 2391, 2400 Fundamentally, everything is quite positive for gold. Technically, the price is in consolidation, as traders are not ready to take serious actions early. But, all the attention is on the resistance, if the bulls manage to break 2390 and consolidate above, we will have a good chance to continue the growth. Rate, share your opinion and questions, let's discuss what's going on with ★GOLD ;) Regards R. Linda!
FX:XAUUSDLong
by RLinda
16
XRP 7 year descending triangle ending?As is known, XRPUSD has been trading within a range since its ATH. Zooming out to the 6 week chart it seems that the triangle based on the highs is now - potentially - ending, or at least doing so this year. The close of the triangle based on closing/opening prices likely after the next halving. Orange line - base. Red line - closing/opening prices. Blue line - highs. That's 59 6 week bars or over 2400 days... now closing? I have no idea how high a price rises after breaking out from a ~7 year triangle.
CRYPTO:XRPUSDLong
by WheretheStreets_HaveNoName
Shot Calling no1I've been away quite some time,. working on strategy and just growing accounts. This is to serve as a trade record for forex. I also trade futures, but that is too fast for here. Current Active Trade: Current setup is I have a short from 1.08023, entered yesterday post NFP. Thinking the extension is a clean breakout from the triangle pattern over the last week to take price long overall, but first we need to retrace. Target: 1.074 for the short and then head for a long entry (Limit Price Set) Looking for price to come back and then react long from 1.074 & continue making upwards pushes. Account size: $1500 (EUR, Reset for the month back to...) Current Entry Sizes 0.07 Lot Risk: Rule of thumb 0.01 per $250, Previous balance before reset was 1848.53/250 = 0.07, keeping size currently in play. Red lines mark sells: The additional red lines above the entry are for protection. There is no stop loss on any position, ever. These are additional sells at the same size as the original entry. Should this entry not work, price will either head up and catch the next level up at 1.086 (Trading view moved my lines back after I already set them, not going to fight it not saving 😤 they're close enough) and add short another 0.07, or it will miss the second entry, come back to target & we just have drawdown, boo hoo. Should it fail completely, the third entry will get taken at 1.0976 for short. How this is "Protection": Math, in simple terms. It's a manipulation of breakeven on position. If the second entry gets triggered, the breakeven point is between the two entries. If the third short is also hit, then the breakeven is where the second entry is placed. These are exit points later should things go wrong. The major breakout and peaks are "insurance" where we will 99% for sure get a reaction to the downside, it's just natural resistance behavior. Same goes for the next trade, same idea with the blue lines already planned, should this succeed we go to no2, fail we make a different no2 idea. Trading at or very near to the yellow lines (clear and obvious levels) & using educated guessing for reasoning (technical analysis or just a simple "seen this before" approach) Keeping it really simple. Method of Madness: Support: buy Resistance: sell Add in if wrong at the next level Hedge: Not forgotten, but avoid use if at all possible (Trap situation that hurts more than helps) Only act on levels, near levels, or extreme event points (breakouts/peak points)
Short
by ForexStoryteller
5
Frankly, I don't feel like explaining, the chart says it all !!TONUSDT is in an ascending triangle which means the price is about to do a good bullish movement. The price can increase as much as the measured price movement ( AB=CD ) . The break out needed for increasing further has not happened but it should happen pretty soon. ✨Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
STORJ / USDT → Wedge breakout with trend change target BINANCE:STORJUSDT shows positive dynamics to the change of trend and the beginning of bullrun. The coin is moving to the phase of implementation of a pattern that can change the direction of the market. Bitcoin sets the general trend of the cryptvault market. The general fundamental background, which is formed around BTC and ETH sets positive prospects for other altcoins, which can still surprise us. Technically, STORJ is coming out of consolidation and is essentially entering the distribution phase. A false break of the key resistance is formed, which can be broken after the next retest. High probability of a small correction before a subsequent attempt to break through this zone and enter a new range of 0.500 - 0.900. Resistance levels: 0.4882, 0.6034 Support levels: 0.5 Fibo, 0.3530 The task of the bulls is to keep the defense above the key support, if it succeeds, the next target will be the breakout of resistance and bullrun. Regards R. Linda!
Long
by RLinda
1
GOLD → Retest resistance before a breakout. What's next?FX:XAUUSD has been strengthening since the opening of the session and is testing the 2400 zone. The market is getting bullish again, but at the same time it is at a strong resistance. The focus is on 2393.0. There is no news today and the overall situation is stable. Gold has no obvious reasons for a possible strong fall. Markets are waiting for the confirmation of the progression of US deflation with the subsequent hints on the soon reduction of interest rates. The fact itself is favorable for gold. Technically, the focus is on the edge of the range 2393. Consolidation of the price above this area may well influence further growth, but it is necessary to follow the descending resistance, because it will be difficult to pass this area from the first time. Resistance levels: 2400, 2430 Support levels: 2393, 2384, 2377 Technically and fundamentally everything is quite positive. We should expect a retest of resistance with subsequent growth, but it is not excluded that before the active recovery phase there may be a retest of support, for example: 2387, 2382 or 2377 Rate, share your opinion and questions, let's discuss what's going on with ★GOLD ;) Regards R. Linda!
FX:XAUUSDLong
by RLinda
16
ETHEREUM → False breakdown of MA-200 could lead to a BULLRUN ↑ BINANCE:ETHUSD in the correction phase, testing zones of interest (0.5 fibo and MA-200), forming a false breakdown, which in general can lead to a strong upward movement supported by strong fundamentals. Fundamentally, ETH is quite positive. ETH-ETFs were launched on July 23 and continue to gain momentum. The correction, which has been observed for the last two days is mainly due to the outflow from GrayScale (exactly the same scenario was with BTC), also a slight pressure is created by the situation with Mt.Gox, but against the background of BTC transfers to exchanges and their distribution among its debtors, bitcoin is strengthening, such behavior of the flagship indicates support for eth. Technically, the price is forming a correction to 0.5 fibo relative to the bullish momentum as well as a retest of the Daily MA-200, forming a false breakdown with a fairly aggressive buyback, indicating the presence of a strong buyer who is not ready to go down beyond $3000. Resistance levels: 3357, 3540 Support levels: 3200, MA-200 The main task of the bulls is to keep the defense above the zone of interest at $3200. Further it remains to wait for resistance retest with the purpose of its breakthrough and further bull run to $4000 - $4500 - $4900. Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:ETHUSD Regards R. Linda!
Long
by RLinda
15
BITCOIN → Intend to test 74K but what's next? ↑BINANCE:BTCUSD is strengthening by 25% from the intermediate bottom and after retesting the support of the classic “FLAG” pattern. The fundamental and technical background is positive enough to consider further price growth July 9 Idea: BITCOIN → Fear in the crowd is a bullish sign ↑ Flag and SFP Fundamental Situation: the market is waiting for the launch of ETH-ETF on July 23, which could be another positive lever for the cryptocurrency market. Trump, who has recently become a strong supporter of cryptocurrencies, is increasing his chances of re-election. If he wins, the market will take it very positively. Well, and other local nuances: High-ranking politicians in the U.S. are reconsidering their views on bitcoin. SEC is also smoothly changing its position towards cryptocurrencies. Technically, a classic bullish FLAG pattern is forming on d1. The nature of the range is consolidation. At the moment there is a high probability of retest of strong resistance 71700 or ATH retest, but only after the retest of these zones it will be possible to follow the formation of prerequisites for the breakout of global resistance 73800. Resistance levels: 67250, 71750 Support levels: 63800, 59300 Technically, the price is now in the channel 67250 - 63800. The situation is favorable for resistance breakout, which will open a new way to the nearest resistance. Now we can't say about possible ATH renewal. It is necessary to keep watching how the price will approach the key boundaries of the range. In the mid-term I consider a breakout of 67250 with further growth to 71700-73800. Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:BTCUSD ;) Regards R. Linda!
BITSTAMP:BTCUSDLong
by RLinda
43