In this video I will give tips as to look for good Long Scalp trades using the CMP PAR indicator and spotting hidden bull divs
Trading between Support and Resistance Zone Broke Resistance 1 Currently facing resistance 2 Might retest Resistance area 1 before creating new high Closing above Resistance 2 is must for next target Breaking and closing of R2 will trigger it towards Rs.2
Please see the chart for illustration. This asset remains in a whale accumulation sideways trend. Bollinger bands were compressed leading to a price action squeeze leading up to the initial breakout from above $0.025 with many long positions opening between this price point and $0.03 placing the local bottom at just below $0.03. Consumer and whale activity still indicates the bulls are in control of this market. I have increased my target to $0.15 pending breakout above the $0.10-$0.13 range where a larger set of trapped longs exist. Trapped longs are traders who locked in on a price point but failed to execute a stop loss. When this happens investors will try to hang on long enough to allow for the price to return to near their price in order to break even or take a small loss. This is incredibly risky considering once price action returns to that price point it is more likely to continue going upward for a time as greed overtakes their fear.
This is forecast for H4 TF major n minor zone.use your own confirmation and monitor Price Action wisely. thanks for comment and subscribe,Wish u all make the best decision.good luck!
can some one confirm if this is a formation of penant pattern
? RTX is preparing for a free fall NYSE:RTX is offering a 10% return opportunity today, with a risk of just 2.5% in the deal. RTX experienced a strong trend during 2024, which was broken on November 14th. ✅ What pattern is unfolding in NYSE:RTX ? RTX has broken a yearly channel and now has created a perfect head and shoulders pattern. Head and shoulders appears at the end of trendlines, giving investors the opportunity to join the new trend. ? How to trade this chart pattern? Selling when the blue line is broken is the most optimal idea. To be sure that I do not fail, I will split my position in 2 take profits, so at least I can pay my stop loss and enter a risk-free trade. ?️ The risk management strategy As we have done in so many previous ideas, remember you can split the position in 2. - 50% of the position in a take profits, at least, as large as your stop loss (adapt SL and this 1st TP to local supports/resistance levels). In this case, a 3% TP for 2% SL. - 50% of the position to a price as large as the previous pattern, which would mean a profit of 10% or more. This is also the previous support area and where more volume was traded, so it's just perfect for TP. ✴️ ENJOY AND FOLLOW for more ?
Gold Latest trading strategy!! The price of XAU/USD is currently ranging between the Monthly Open and Monday's Low. A significant price movement is expected once it breaks out of this range, similar to previous instances shown in the chart. When the price was previously range-bound, buyers were swept out as their stop losses were hit. After a deviation highlighted in red, the price regained strength above Monday's Low, which acted as support/resistance, leading to a strong move towards the Previous Month's High. Currently, the market is in a range, and the DXY (US Dollar Index) is showing short-term weakness. If the price deviates and holds the Monthly Open as support, that will be a signal to buy, with a target at the Previous Week's High. However, if the Dollar turns bullish and XAU/USD drops below the Monthly Open, we will revert to range-bound trading. In this case, we would play within the range until the price breaks below Monday's Low, which could lead to a significant move towards the Previous Month's Low. For now, Gold is holding support, and we will continue to treat it as a support unless proven otherwise. Happy trading!
Based on price action, XAUUSD, AUDUSD, and BTCUSD look quite interesting. Thank you for watching and supporting us. For more content, please BOOST, COMMENT & SHARE. You are loved and appreciated, see you at the next one! Drop pairs in the comment section for the next overview.
Btc weekly chart analysis Breakout at weekly chart target is mentioned support ;like and follow my ideas lets build a community
Hope this can help you guys add on to your own analysis. Remember this is not Investment advice just insights into my own perspective of this company's future price direction. Remember follow the big money to make big money. peace and love!