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Trend Line Break

LUNC breaking out, looking at a possible 100% move?LUNC has been on a steady downtrend since 12/12/23. Today LUNC on the 12hr, is finally breaking out of the downtrend and I saw two closes above the trend on the 4HR. I'm bullish on LUNC, we could see a potential dip back to re-test but I'd think no lower than 0.000008505. My take profit points are listed here, each coinciding with major fib levels. I'll be looking to take profits steadily on the way up. Allocating at least 40% of my position slightly below the *0.618 Fib @ 0.00020529. Join me on my quest, and run naked through lightning and long this b*tch at least 50x. That's TA...bitch. No cap. TP 1: 0.0015988 TP 2: 0.00018212 * TP 3: 0.00020529 TP 4: 0.00023818
Long
by Matt_Hall_
FTM Bullish After Breakout!FTM has broken out of the massive trendline and has now reclaimed the Anchored VWAP. if this bullish price action continues, we can see another 25% increase in price to the VAH. The POC is the next major resistance so if you enter a long that would be a great TP1. Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade. Every day the charts provide new information. You have to adjust or get REKT. Love it or hate it, hit that thumbs up and share your thoughts below! This is not financial advice. This is for educational purposes only.
Long
by Navitility
SILVER Trendline Resistance BreakHi Traders! SILVER has broken its trendline resistance on the 1D chart. Here are the details: The market has found support around the 21.874 level, which is a previous swing low. Today's candle has opened above the trendline resistance and is currently on the 20 EMA. We are looking for a close above the trendline resistance and a momentum push above the 20 EMA. The plan here is to buy market dips near the trendline resistance. Preferred Direction: Buy Resistance (FLAG CHANNEL): 23.25 Support (FLAG CHANNEL): 21.874 Technical Indicators: 20 EMA Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
CAPITALCOM:SILVERLong
by BluetonaFX
GOLD → Downtrend and fundamental background FOREXCOM:XAUUSD continues to forge a downward price channel as the dollar index strengthens on a positive fundamental backdrop. In general, this is a negative scenario for gold, but the bulls continue to keep the price from a strong fall as much as possible. Pic: Consolidation of price below 2025 under pressure from downward resistance Today Core PCE PI is published, a slight change for the worse is expected (by analysts and traders), but I don't think it will make a global difference against the backdrop of GDP and yesterday's news. BUT, only if the actual data is not released with a big difference to the expected data. Technically, gold is testing the strong 2020-2050 zones on the back of the downtrend within H1-H4. Earlier we saw the price moving out of the range, at the moment the price is testing this area. Before a possible further decline, the price of gold may test the trend resistance, which in the mid-term may continue on the background of a rising DXY. Resistance levels: 2020, 2025, 2030, 2035 Support levels: 2010, 204, 2000 Since gold is trading with a negative fundamental background (at the moment there are no fundamental or technical preconditions for growth or change of trend) and within a downtrend, at the moment the market has chances to test local lows up to 2004 (1985) TVC:DXY TVC:GOLD COMEX:GC1! COMEX_MINI:MGC1! Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
2
IOTXUSDT → The pair may rise to 0.065. Waiting for confirmation BINANCE:IOTXUSDT is showing bullish momentum amid a correcting cryptocurrency market along with the flagship. The price is trying to break trend resistance. What can come out of it? On the high timeframe, the price forms a false breakout and a small correction relative to 0.04400. A retest is formed and the price returns to the resistance. On the background of pre-breakdown consolidation and another retest, the market has chances to break this line. Consolidation of the price above 0.04400 will show a bullish potential for purchases. On H4 we see a local downtrend and the price going beyond the resistance, which is a good signal for the medium term. The next hurdle is to overcome 0.04400. On H4, the price is trading above MA-50 and a retest of MA-200 is formed. Support levels: MA50, 0.04110, 0.03900 Resistance levels: 0.0440, 0.04888 There is a signal for a possible growth of the cryptocurrency pair, but to confirm this signal the market needs to overcome 0.0440 and consolidate the price above this line. Regards R. Linda!
Long
by RLinda
3
Gold continuously adjusts downward, latest trading strategyWorld gold prices this morning inched up slightly with spot gold increasing by 7.9 USD to 2,019.9 USD/ounce. Gold futures last traded at 2,021 USD/ounce, up 9 USD compared to yesterday morning. Gold inched up slightly in Thursday trading thanks to falling Treasury yields after US GDP data showed the US economy grew faster than expected in the fourth quarter thanks to strong consumer spending, with Growth for the whole year reached 2.5%, and inflation is "cooling down". According to TD Securities commodity strategist Bart Melek, although the economy is much hotter than expected, the report also shows us that inflation is falling, so we should not prepare for a rise in interest rates. spike. This is helping gold, the expert added. According to CME FedWatch Tool, after the report, the market expects the US Federal Reserve (Fed) to keep interest rates unchanged at its policy meeting on January 30 and 31 and forecasts an 89% chance of cutting interest rates. capacity in May. In addition, gold also received some support when a recent report showed that US initial jobless claims increased by 25,000 to a seasonally adjusted level of 214,000 in the week ended January 20. . Economists had forecast 200,000 claims in the latest week.
OANDA:XAUUSDLong
by FalCol_TradingMaster
💡 EURUSD: Forecast January 26After breaking the short-term downtrend line, the buyers were unable to maintain the pressure and the sellers returned later, currently the price is being forced down to the resistance area of ​​1,082, a continuous change in buying and selling pressure. This shows that the two sides are struggling fiercely in this area without creating any really clear signals. You temporarily stop trading, pay attention to the boundaries of the range, the direction of the breakout can reveal the next direction of the price.
Short
by Stone_Haven
💡 XAUUSD: Retest the lower resistance zoneA sharp interest rate cut by the Federal Reserve will have a negative impact on the US dollar, and even a moderate loosening policy can cause the US dollar to decline. If economic activity and inflation are lower than expected, the Federal Reserve could reduce interest rates. A strong USD is unlikely to return, and gold prices may continue to fluctuate amid clues about the FED's first interest rate cut. We can see gold retreated after failing to recover and running near the 48-hour moving average on the H4 chart. In addition, the MACD double line and the energy column hover around the zero axis. If central banks maintain a common view that interest rate cuts will be implemented as soon as possible, this could put pressure on gold from yield perspective. Currently, the SELL strategy can be applied, requiring stop loss.
OANDA:XAUUSDShort
by Stone_Haven
GOLD → How long will the distribution phase in the channel last?OANDA:XAUUSD is entering the distribution phase after the consolidation phase. The market is trying to test the local lows, but will the price go even lower, because there is news ahead. The 4H clearly shows an uptrend within which a correction is forming. Until the price overcomes the area of 2015 - 1980, we should not talk about a global change in the trend. The chart shows that the bulls will continue to hold the area of 2010-2020 on the background of numerous retests, but the sellers are gaining momentum and continue to push the price to the level. At the moment in the distribution phase the price is heading towards 2009 - 2004. And there is a high probability of testing these levels, but we are interested in the news (fundamental) background. Since gold is trading inside the descending price channel, and the price has not yet tested the trend support area, it is difficult for us to talk about the possibility of its breakout, as we do not know the reaction and local preconditions. There is a higher probability of a bounce from the levels. Support levels: 2009 (2010), 2004, 2000 Resistance levels: 2018, 2020, 2035 Gold's decline is difficult and slow as strong bulls try to contain the support area. A break of support will generate strong momentum and huge volume, but will it happen on the back of the news? TVC:DXY TVC:GOLD COMEX:GC1! COMEX_MINI:MGC1! Regards R. Linda!
OANDA:XAUUSD
by RLinda
7
USDCAD → Trend change, bullish mood, but...FX:USDCAD is forming a trend change. The completed correction, recovery and formation of a pre-breakout set-up hint at the continuation of growth. But, how will the price behave during the news? A global trend is forming on D1, which indicates neutrality in the market. The price is moving mainly from the borders of the global range. A reversal pattern is forming against the support and the market is heading towards the resistance area. Bulls are interested in the blue area. On H4, the level of 1.3528 is formed, a pre-breakdown consolidation is formed relative to the level. Earlier the price overcame the key boundary at 1.3487, which confirms the change of the pattern and the breakdown of the structure. The consolidation of the price at 1.3528 will favorably influence the continuation of growth to 1.3629. Support levels: 1.3487, 1.3422, 1.3350 Resistance levels: 1.3528, 1.3629 An ascending pattern of price movement is formed locally. The chart indicates a bullish mood and local zones that are worth paying attention to for trading TVC:DXY Regards R. Linda!
Long
by RLinda
11
EURUSD → Will the change in trend be confirmed?FX:EURUSD is forming an attempt to change the uptrend amid the strengthening of the TVC:DXY . The price is testing the resistance at 1.0888 in the correction phase. Pic: Dollar index consolidation between MA-200 and MA-50 If we pay attention to the dollar index, we can see that it has been standing still during the week. Most likely, tomorrow's news: Initial Jobless Claims, GDP, CDGO may push the index to start moving. But, in any case, the medium and long term potential is determined by the Fed's decision on the interest rate, which at the moment they do not dare to lower. The currency pair is breaking the trend support, testing the low and forming a correction. For the market, from a technical point of view, the target of 1.0756 has appeared. The currency pair is likely to test the resistance at 1.0888 - 1.095 before further falling to the range support. Resistance levels: 1.0888, 1.0950 Support levels: 1.083, 1.0756 Correction after a trend change is a standard formation. The price can test the area in the format of a false breakout and after maintaining the liquidity to direct the price to a new target. Regards R. Linda!
Short
by RLinda
22
EURJPY → Consolidation. What's next? Growth or decline?FX:EURJPY tests resistance and forms a false breakout, but now the price is stuck inside the range and forms consolidation on which the further scenario depends. On D1 the price stops at one of the intermediate resistance levels - 161.4. Euro as well as Japanese Yen are getting weaker against the general background, the strong fall of Japanese Yen will squeeze the currency pair and apparently the growth of the pair after the correction may continue. On H4 the price tests resistance and forms a false breakdown, after which it forms a range between resistance 161.4 and the downtrend line (blue dotted line). It can be assumed that consolidation will continue until the price goes beyond it. Thus: 1) against the backdrop of the rising trend, we have a chance to see a retest of resistance from the previously broken trendline, which could lead to a breakout of 161.4 and further strengthening of the pair. 2) As the price has returned to the channel boundaries, the correction may extend all the way to the uptrend support, but after the breakout of the zone: 160.0 Support levels: 160.0 Resistance levels: 161.4 The further scenario at the moment depends more on who wins the market as part of the fight within the consolidation. The bulls should consolidate above 161.4 to continue rising and the bears below 160.0 to continue the correction. Regards R. Linda!
Short
by RLinda
3
GOLD → Retest of resistance inside the range at the downtrend FOREXCOM:XAUUSD continues to consolidate in the range of 2035-2020. It is likely that tomorrow's news may revitalize the market. Today the market continues to stand still, this can be seen in both the dollar and gold. Consolidation continues as the market is still uncertain with the future outlook, this could continue until tomorrow as tomorrow's news is Initial Jobless Claims, GDP , and the strength of these factors could determine the medium term outlook. Technically, GOLD is still in consolidation, but within a downtrend. For now, we continue to emphasize the in-range trading strategy (buy and sell from consolidation boundaries or strong levels). Let me remind you that the global trend is neutral and this is an ideal nuance for intra-range trading. And the local downtrend indicates the approximate market mood. Resistance levels: 2035, 2038, 2039.4 Support levels: 2025, 2020, 2018 A false break of support defines a local target in the form of resistance. A test of range resistance can form a sell signal. As long as the price does not break the trend or the range boundary, trading within this framework will continue TVC:DXY COMEX_MINI:MGC1! COMEX:GC1! TVC:GOLD Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
22
💡 EURUSD: Forecast January 23ANALYSIS TODAY: EURUSD slipped slightly in the past session and there have been no significant new signals, the price is still maintained below the short-term downtrend line, and the recent accumulation moves of the price reflect that sellers may are accumulating and waiting for a new price push so the outlook is still bearish. Please pay attention to the support level at 1,085. If it is broken, the downward momentum could quickly expand to the 1,070-75 area. If you still have a short position, you can continue to hold the order. Indicator is used: - Chandelier Exit - EMA - MACD
Short
by Stone_Haven
🇪🇺 EURGBP 🇬🇧 - Trend continuation after breaking 0.855EURGBP may continue its fall as the market breaks support after a retest. A weak market on the euro side could give way further. For now, it is worth waiting for consolidation below 0.855 to continue the fall. Overall, the global trend is changing and this opens bearish perspectives. Reasons for further declines: 1) The Euro is weakening to the point where it is weaker than the Pound Sterling on fundamental policy grounds 2) Support retest 3) False break of support fails. A retest of 0.855 is formed again. 4) Consolidation forms below 0.855 after the breakout - a good signal
Short
by AndeWave
1
Gold continues to decline, today's strategy is mainly to sellWorld gold prices increased slightly this morning with spot gold increasing by 8.3 USD to 2,028.9 USD/ounce. Gold futures last traded at 2,030.6 USD/ounce, up 8.4 USD compared to yesterday morning. World gold prices were adjusted up slightly as investors waited for a series of US economic data this week to get more signals about when to cut interest rates by the US Federal Reserve (Fed). According to RJO Futures senior market strategist Daniel Pavilonis, the gold market is in a neutral environment as prices continue to remain above $2,000/ounce and are unable to break out of the current range. This week, the market is awaiting the preliminary US Purchasing Managers' Index report due out on Wednesday, fourth-quarter GDP data expected on Thursday and personal consumption expenditure data on Thursday. Friday for more signals on the interest rate direction of the US Central Bank. Fed officials said last week that the US Central Bank needs more data before making any comments regarding any interest rate cuts and that the timing of loosening monetary policy may be later. much higher than market expectations.
OANDA:XAUUSDLong
by FalCol_TradingMaster