vbenking91

vbenking91

Price Successfully reached Take profit and now trading at 2307.00 👏👏👏

vbenking91

As we discussed yesterday on XAUUSD the price is dropping. But I will advise to close some positions now and move stop to breakeven. 🤞🤞

vbenking91

*). Key Resistance at 2319.00: Resistance levels in trading indicate a price point at which an asset faces selling pressure. This pressure prevents the price from rising further. The key resistance at 2319.00 suggests that when the asset's price reaches this level, it is likely to encounter significant resistance from sellers. Traders might expect the price to...

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Confirmation: Ensuring the price sustains above 2314.00 before entering the position can help confirm the trend and avoid false breakouts. Target Level: In this strategy, the take profit is set at 2341.00, meaning the position will be closed once the price hits this level, securing the gains. Stop-Loss Order: It’s advisable to set a stop-loss order below the...

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Time To Sell: Expecting Price to pullback towards 1.37100 ... 🤞🤞🤞🤞

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Time To Buy: The price is now trading at 169.860 just as Anticipated before. Congratulations 👏👏🎉🎉

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1). Entry Point: Look for short positions when the price approaches the resistance level at 1.28180. Confirmation can be obtained through bearish candlestick patterns (e.g., bearish engulfing, shooting star) or technical indicators signaling overbought conditions (e.g., RSI above 70). 2). Stop Loss: Set the stop loss slightly above the resistance level to manage...

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1). Trend Continuation: An established trend often continues after a pullback. In an uptrend, prices typically pull back to a support level before resuming the upward movement. Similarly, in a downtrend, prices pull back to a resistance level before continuing downward. 2). Fibonacci Retracement Levels: Pullbacks often retrace a predictable portion of the prior...

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Price reached 2325.00 as we anticipated before. 👏👌👏👏

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Time To Buy: The price recently found support around the 1.74684 level, indicating a potential stabilization or buying interest at this point. This suggests that the downward pressure may have eased, making it a strong candidate for a bullish move. Based on this support level, the expectation is for the price to rise towards the previous day's high of 1.75990....

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Price Now Trading at 1.27600 👏👏👏👏 Patient is the Key to Success in Trading *). Patience aligns with a long-term perspective. It allows traders to look beyond immediate gains and focus on sustained profitability over time.It encourages the discipline to hold positions that might temporarily move against the trader but align with long-term market trends or...

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Time To Buy: Price reached to take profit @ 169.050 just as Anticipated. 👏👏

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Long Position Above 2300.00: This means that the trader will enter a buy (long) trade only when the price of the asset rises above 2300.00. Take Profit at 2325.00: This means that the trader sets a sell order at 2325.00 to lock in profits. Once the price reaches this level, the trade is automatically closed, securing the profit. Trade Execution: It's important...

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Time To Buy: Support at 168.300: When a price finds support at a specific level, it indicates that the downward momentum is being countered by buying interest. This often results from historical price action, psychological factors, or fundamental reasons that make this level significant to traders.The support level acts as a floor, preventing the price from...

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Support Level: 0.61000The level of 0.61000 is identified as a support level. This means that historically, the price has had a tendency to halt its decline around this level, indicating strong buying interest. As long as this level holds, it suggests that buyers are willing to enter the market and push the price higher. Take Profit Target: 0.61550The take profit...

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*). Secure Profits: By closing half of the position, the trader locks in some profits, reducing the potential for a total loss. *). Reduce Risk: This action reduces the overall exposure of the trade, making the remaining position less vulnerable to market reversals. Set Entry to Break EvenDefinition: "Set entry to break even" is a strategy where a trader adjusts...

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*). After the choch: Monitor the market closely following the Change of Character (choch) event, which indicates a potential reversal or significant shift in market sentiment. *). Expect a pullback to 168.490: Anticipate a price retracement to the level of 168.490. This pullback could present a buying opportunity or signal a temporary consolidation before the...

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When analyzing a financial market scenario, two key criteria are often considered to determine potential trading decisions. *). The upside prevails as long as 1.27160 holds as support: This criterion indicates that the current bullish (upward) trend is expected to continue provided the price does not fall below the support level of 1.27160. Support levels are...