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USD/JPY buy idea sharingBased on the information provided, you are planning to enter a trade in the USD/JPY currency pair. Here's an explanation of the trade for publishing: Trade Details: - Symbol: USD/JPY - Entry Price: 139.690 - Target Prices: 139.842 and 140.001 - Stop Loss: 139.582 Rationale for Entering the Trade: You have decided to enter this trade based on two factors: support at 139.5 and a potential trendline breakout. 1. Support at 139.5: You believe that the exchange rate of USD/JPY has reached a level of support at 139.5. Support is a price level at which buying pressure is expected to outweigh selling pressure, potentially leading to a price reversal or a bounce. By entering the trade near this support level, you anticipate that the price will move in a favorable direction. 2. Trendline Breakout: Additionally, you have observed a trendline on the price chart of USD/JPY, and you expect a potential breakout to occur. A trendline is a line that connects consecutive higher lows or lower highs, indicating the direction of the prevailing trend. A breakout refers to a situation where the price moves beyond the trendline, potentially signaling a shift in market sentiment and the continuation of a new trend. Based on your analysis, you believe that the price is likely to break out above the trendline, which has influenced your decision to enter the trade. Trade Parameters: - Entry Price: You plan to enter the trade at 139.690, which means you will buy USD/JPY at this exchange rate. - Target Prices: You have set two target prices for this trade. The first target is 139.842, and the second target is 140.001. These levels represent your profit-taking points, where you aim to sell the USD/JPY and realize gains. - Stop Loss: To manage potential losses, you have implemented a stop loss order at 139.582. If the price reaches this level, your trade will be automatically closed to limit your downside risk. Please note that trading involves risks, and this trade should be evaluated in the context of your own trading strategy, risk tolerance, and market conditions. It's essential to conduct thorough analysis and consider other factors such as market news, economic indicators, and overall market sentiment before making trading decisions. FX:USDJPY
Long
by HUNTSMAN_
1
Possible Breakdown In EURGBP | EURGBP AnalysisThe current market price of EURGBP is sitting at support area. Considering the previous Daily price action, the price is forming lower highs into the support area which means buyers are not strong enough and sellers are rejecting any jump in price. The current price actions is forming a DESCENDING TRIANGLE, which is a bearish pattern. But it will be activated only when the Daily candle closes below the neckline of triangle, which in this case is the support area of 0.8718-0.869 Once, the daily candle closes below the support range, we can expect price to keep falling till 0.855, unless, the next daily candle closes back above the support resulting in FAKE BREAKDOWN/FALSE BREAKDOWN/BEAR TRAP. HOWEVER, since price is at support, price may bounce. On going to Lower Time Frame of 30 minutes, i see a double bottom pattern which is a reversal pattern. If the pattern breaks out, i expect the price to move up. Falling trendline may act as a resistance, so make sure to book profits before that. CONCLUSION- 1. Price is at support and may bounce. 30 min double bottom has been formed. Breakout of pattern may result in jump in prices 2. If Daily candle closes below the support range of 0.8718-0.869, expect prices to fall till 0.855 Let me know in the comments section if you want me to analyse any other financial instrument. WARNING:- ALWAYS FOLLOW RISK MANAGEMENT AND POSITION SIZING WHILE TAKING ANY TRADE.
by rohitkukreja
USDINRIn the past times, USDINR is trying to hold its level and now we can see more rise above the levels Characteristics of Triangle pattern A pattern that has the following characteristics is more effective. + Before breaking out, prices need to touch both resistance and support levels at least twice each for the pattern to take effect. + This pattern gives a buy signal (breaking out of the resistance) which is more effective than a sell signal (breaking out of the support). How to enter a trade is as follows. When the price breaks out of the resistance, open a UP order. You can open the order as follows: + Entry Point: When the candlestick finishes breaking out of the resistance. + Stop-Loss: At the level where the price last hit the support before breaking out. + Take-Profit: From the entry point, the length is equal to the widest price amplitude generated within the Triangle. #triangle
by SUTHARTRADE
2
#Gold Breakout ? #Analysis of momentum and #Trend #PriceActionsHii This is my analysis on gold first i used green monthly trend line if it breaks market will go down . if comes toward the mean of the line or say pullback in uptrend is consider . and price touches red color resistance zone almost 6 times . if it breaks and retrace is consider as perfect breakout . so wait for breakout . and i use Hikanashi to show u momentum . in candlestick it is not seen easly . .sry i am late but i post same thing in mind chat Thank u
TVC:GOLD
by priyanshuraj620722