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EURUSD IS CORRECTING>>>> Bearish momentum is to be expected.I shared my analysis on this yesterday in the inked post. Once the market complete a 5 wave cycle it's only natural for us to expect the ABC correction, and currently we are getting just that. Wave B took the shape of a triangle patten and wave C is developing. We are likely to see a 5 wave impulse move here, but lets not get ahead of ourselves. I have labeled the 0.382, the 0.5 and the 0.618 levels as potential zones for wave 2 to end, but I wouldn't be surprised if we retest the lows of the highlighted zones. As always, let's see how this plays out, and I would love to hear your thoughts and feedback in the comments. Signed, Samore
Short
by wavefxacademy
1
🌳very important terminologies in Trading🌳Hello every one 🟡(1) Price action The Movement of an asset or Security's price over Time , Plotted on The chart 🟡(2) All-Time High (ATH) The Highest asset has Ever been in Price 🟢(3) Support a Point in the market where the Price is less likely to drop below due to previous demand or price action 🟡(3) Resistance a Point in the market where the Price is less likely to break above due to previous demand or price action 🔵(4) Trend line a line indicating the General Price Direction of a chart 🟡(5) break out when the Price of the asset break through a pre-determined Trendline ⚪(6) Formation when a Financial Chart moves in such a way as to create a Recognizable pattern.patterns to signal trading opportunities either to enter or exit positions. 🟢(7) pump or bullish The price of an asset is going up 🟡(7) Dump or bearish The price of an asset is going Down 🔵(8) Long Position a Regular Buy in The Market. a Trade that is Predicting the asset will go up in value 🟡(8) short Position The opposite of a long Position. Entering a Trade position betting the asset to go down in value.
Education
by CobraVanguard
21
Potential for USD/CAD downside...1.2300 seems to have a lot of confluences pointed towards. Its a heavy 300+ pip movement towards the downside but it could indicated the movements to come on the rest of this week and into next. It would be a good idea to await a little more pressure to the downside with a downtrend to fully form on the lower timeframes such as the 1 hour. Upside scenarios seem limited at this stage, but make sure to keep up with the dxy when trading on this pair.
Short
by FTUKcom
Price Action Is Key!!!Price Action Trading Is A Method Of Trading Where Trading Traders Are Able To Make Trading Decisions About Trades Based On Price Movements - Price / Market Data... Without Relying On Indicators etc... #1. Price Action Refers To The UP And DOWN Movement Of A Security's Price When It Is Plotted Over Time #2. Candlestick Patterns - Candlestick Formations - Chart Patterns Are Derived From Price Action. #3. Price Action Involves The Use Of A Naked Market Chart... With The Use Of RAW PRICE DATA #4. Price Action Is Definitely Leading The Way... To Trading Without Lagging Indicators #5. Price Action Does Not Involve Those Messy Charts And Clutter That Takes Up Half The Screen
Education
by UnknownUnicorn33425005
Short BTCUSDTPERP on BinanceSo price been bouncing in an ascending channel and every time it broke the previous high it retrace or created a large wick. This means that there are less and less buyers in the market and the sellers are slowly gaining control. Now that prices have broke out of the channel and retrace I think it is a good opportunity to open a short position as the break out candle seem very impulsive and have little to no wick. Personally I'm taking the trade I will trail my stop loss as the price moving down.
Short
by BongHuyn
USDJPY: Corrective phase, Short intraday opportunity!Hello, everybody, and welcome to my TradingView’s profile, my name is Gianni and today I’m going to analyse the USD/JPY , translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities. My ideas are for those who are interested in improving their financial education and for those who are looking for new trading opportunities, according with their own strategies. Daily timeframe: 4 hours timeframe: The USDJPY is still clearly in uptrend, got two strong bullish impulsive movements and currently in its corrective phase. In lower timeframe (4hrs), it’s possible to see how the price formed a big fair value area, approaching a local resistance level during the last trading day. Considering a strong intraday bullish impulse and a losing of momentum around the resistance level, a retracement or a full move to the downside is expected! When, where and why would I step into the market? This fair value area looks quite interesting, since December we can see most trading activity to the downside, clue that sellers are showing their pressure. I usually don’t step into the market while the price is around the control level, but considering a good rejection on the resistance level and good selling pressure I will place a short position on a clear intraday market reversal. My stop loss would be above the price control, resistance zone and last swing and take profit around the lower value of the area. In the scenario of breakout to the upside, no action will be taken on this market. If you enjoy this trade idea, please support my work with a thumb up and don’t forget to follow my profile for more detailed market analyses! Trade safe and responsibly, Gianni DISCLAIMER Please note the views are not investment advice and should be used only for educational purpose
Short
by UnknownUnicorn18552923
31
ETH CONSIDER The above outline shows where I figure ETH can go, should Buy pressure proceeds over the course of the following year. In a drawn out bullish view, ETH can hold the long haul and the upturn can skip some place close by the" esteem zone" Those are the costs where I may begin to rebuy some Ethereum with TP pointer, contingent upon how the crypto space sees that point. I'm uncertain whether or not current crypto costs should be visible again for quite a while in the event that customary business sectors start to really deleverage.
BINANCE:ETHUSD.P
by DeclanBrock