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BluetonaFX - GBPAUD Triangle Break SHORT IdeaHi Traders! There is a triangle formation on GBPAUD, and we have possibility of a breakout to the downside. Price Action 📊 The market has had lower highs and lower lows since breaking below the 20 EMA, creating a symmetrical triangle pattern on the chart. We are looking for further bearish momentum to break and close the trendline support line. Fundamental Analysis 📰 The market's outlook on GBP is currently negative due to weak economic data recently released. The outlook on the GBP looks very negative at the moment, and the demand for the currency is very low.   Support 📉 1.90556: WEEKLY LOW Resistance 📈 1.92405: PREVIOUS DAY'S HIGH Risk ⚠️ No more than 2% of your capital. Reward 💰 At least 4% of your capital. Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Short
by BluetonaFX
3
bearish market but breakout chartSundaram Finance Ltd. SUNDARMFIN NSE Chart analysis each week 1) Lifetime chart treading in a gloomy market 2) bullish candle and decent stock value 3) stock down from this level in July 2021 4) stock broke down this level the previous week but was not sustained at level 5) stock is now sustained with value and a bullish candle. 6) With a stop loss of 2580, the next target is 4000. 7) SMA 50 is 2600 8) SMA 100 is 2424 9) SMA 200 is 2065 10) There is no buy-and-sell advice.
NSE:SUNDARMFINLong
by investigationofchart
BluetonaFX - NZDCAD Trendline Break SHORT IdeaHi Traders! NZDCAD is on the trendline support, and there is an opportunity for short entries leading to a possible support break. Price Action 📊 Market swings filled with lower highs and lower lows consistently for the past eight weeks. The market has also failed to close above the 20 EMA for the past three weeks, showing a current lack of bulls in the market. We are looking for a momentum break and a close below the support trendline. Fundamental Analysis 📰 New Zealand recently announced worse PMI figures, leading to fears of a worse-than-expected GDP figure tomorrow. Support 📉 0.79725: SUPPORT TRENDLINE Resistance 📈 0.80261: 20 EMA 0.80851: RESISTANCE TRENDLINE Risk ⚠️ No more than 2% of your capital. Reward 💰 At least 4% of your capital Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Short
by BluetonaFX
1
saucer pattern formation • weak chart analysis • my first saucer pattern discussion • stock GIPCL chart pattern formation like saucer • stock October 2017 to September 2013 time taken to form saucer pattern • Long-term consolidation means high potential for a big move • chart consolidate between 68 and 94 multiple times • The 128–130 level also serves as major resistance for the stock because in 2010 and 2011, the stock multiple times hit this level and returned, making it impossible to break out • 130-level breakout and sustained from 2 sessions (weak) • volume in stock is good • volume indicating accumulation at lower level of the stock • accounting fib retracement: 0.786 level 123, 0.618 level 106, next level stock 200+ • sentimental resistance for the stock: 150 • above 150 level stock touch 200 and keep stop loss 128-130 strick Stop lost
NSE:GIPCLLong
by investigationofchart
Trading 101: The benefits of hard closesIntroduction: In the world of technical analysis, traders are constantly searching for new and innovative methods to gain an edge in the market. One such technique that has gained popularity in recent years is the use of "hard closes." In this idea, we will delve into what hard closes are, why they are considered superior to conventional crossover methods, and the benefits and practical applications of incorporating hard closes into your trading strategy. Understanding Hard Closes: A "hard close" is a unique approach to analyzing price movements in financial markets. Unlike traditional moving average crossovers, which rely on the intersection of two moving averages, hard closes focus on the closing price of an asset. In essence, a hard close is an inflexible criterion that triggers a signal when the closing and opening price of an asset meets specific predetermined conditions. How to Spot Hard Closes: Let's say we have a level of resistance, and we are waiting for the price to break out so that we can long it, an up candle must open above the level of resistance, as well as close above it (because it also has to be an up candle). Similarly, if we are looking for a support breakout, we need a down candle to open below the level of support and close as a down candle. Hard closes can be used on both horizontal levels and trendlines. Why Hard Closes Are Better: Reduced Noise: Hard closes eliminate a significant amount of noise present in conventional crossover methods. By focusing solely on opening and closing prices, they filter out intra-period fluctuations as well as fakeouts and provide a cleaner and more precise signal. Benefits of Hard Closes: Risk Management: By reducing false signals, hard closes help traders make more informed decisions. This, in turn, enhances risk management strategies, preventing traders from entering ill-timed trades. Versatility: Hard closes can be applied to various assets and timeframes as well as different kinds of levels, making them suitable for day traders, swing traders, and long-term investors alike. Practical Uses of Hard Closes: Trend Confirmation: Hard closes can be used to confirm the strength and direction of an existing trend. A bullish hard close, for example, can reinforce the conviction of a bullish trend. Entry and Exit Points: Traders can employ hard closes to identify precise entry and exit points for their trades. This approach minimizes the guesswork involved in trading decisions. Filtering Signals: Hard closes can be integrated into existing trading strategies to filter out less reliable signals, enhancing the overall effectiveness of the strategy. In conclusion, hard closes represent a powerful and innovative approach to technical analysis that offers several advantages over conventional crossover methods. Their ability to reduce noise, improve accuracy, and adapt to different trading styles makes them a valuable addition to any trader's toolkit. Whether you are a seasoned professional or a novice trader, consider exploring the potential of hard closes to enhance your trading strategy and gain a competitive edge in the financial markets.
Education
by AutomatedTradingAlgorithms
3