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Multiple Time Frame Analysis

GBPJPY - 22.11.2023The pair was consolidating just below the trend line which had a resistance just above at 186.162. It was appropriate to take a buy once it broke the trendline, as it had a resistance above, we need to look for buy and sell when the pair come close to the resistance. As the pair broke the resistance, took a buy trade on candle close and kept a strict stop loss and a target of 1:3 risk to reward ratio and now the stock is heading towards daily resistance of 186.725.
Long
by atharvaedake
#XAUUSD TRADE IDEAThe Bias is Bullish overall. Price has to reach to fill up the imbalance created below at 1952-1953 range first and then from there we can expect a rise even upto 2000, only after formation of MSS and FVG at lower TF in the range of 1952-1953. 1. Price has to reach 1952-1953 range. Thus for London Session I have placed short trade with SL at 1971.30 and TP at 1952.75. 2. once the PSL (Previous Swing Low) is broken i will simply bring my stops in Profit/BE. 3. My View is Bullish and my major trade will be Long only if Price reaches 1952 range Thats my POI.
OANDA:XAUUSDLong
by JourneyToWealth
Multi-Year and Cup Pattern with Weekly Retest and Daily Trendlin- **Multi-Year Breakout and Cup Pattern (Weekly):** - The stock experienced a significant breakout covering multiple years on the weekly chart. - Additionally, a cup pattern breakout occurred, indicating a potential bullish reversal. - **Volume Confirmation:** - Both breakouts were accompanied by substantial trading volumes. - This suggests strong market participation and validates the significance of the price movements. - **Retest of Weekly Breakout Levels:** - The stock revisited the breakout levels on the weekly chart. - This retest is a crucial step in confirming the strength of the breakout. - **Short-Term Trendline Break (Daily):** - On the daily chart, the stock broke a short-term trendline. - This signals a potential shift in the short-term trajectory, aligning with the broader bullish context. - **Conclusion:** - The confluence of a multi-year breakout, cup pattern on the weekly chart, and a daily trendline break, supported by strong volumes, paints a favorable picture for potential bullish opportunities.
NSE:BHELLong
by nsdtrading