AUD/USD BEARS ARE GAINING STRENGTH|SHORT
Hello, Friends!
AUD/USD pair is in the uptrend because previous week’s candle is green, while the price is clearly rising on the 9H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 0.675 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
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Bearish Patterns
USD/JPY BEARISH BIAS RIGHT NOW| SHORT
Hello, Friends!
We are going short on the USD/JPY with the target of 141.931 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band. However, we should use low risk here because the 1W TF is green and gives us a counter-signal.
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#EURUSD Potential Head and Shoulders PatternFX_IDC:EURUSD
The pair is showing signs of potentially forming a head and shoulders pattern. Key support is located at 1.1065. A clear break below this level could trigger a downward movement in the pair, signaling a shift in momentum.
Keep an eye on this critical support level, as it may influence the upcoming price movements.
USDJPY - Following The Bears!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 USDJPY has been bearish trading within the flat falling channel in red.
Currently, USDJPY is undergoing a correction phase and approaching the upper bound of the channel.
Moreover, the zone marked in blue is a previous major low.
🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the major low and upper trendline acting as non-horizontal resistance.
📚 As per my trading style:
As #USDJPY approaches the red circle, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Hanging Man and Doji Patterns in Focus!XAUUSD
2H Chart
Price: 2622.23
Hanging Man:
The highlighted candle in the chart represents a Hanging Man pattern, which is a bearish reversal pattern typically found at the top of an uptrend.
The long lower wick signifies that sellers pushed the price down during the session, but buyers managed to bring it back up close to the open price, though not with strong bullish conviction.
The fact that this pattern appears after a sharp upward move signals a potential bearish reversal, especially if followed by a bearish confirmation candle.
Doji:
The Doji signals indecision, with buyers and sellers unable to gain control as the open and close prices are nearly the same. Following the Hanging Man and with an overbought RSI of 73.32, it suggests weakening bullish momentum and potential for a bearish reversal.
Place a stop loss above the Hanging Man’s high and set take profit near the next key support at 2,613.732. These levels are derived from the Hanging Man, providing some bearish confirmation. However, traders should feel free to skip the trade if they aren’t confident with the setup, as prioritising risk management is crucial.
Confirmation:
A bearish candle closing below the low of the Doji would provide strong confirmation of a trend reversal.
Good luck in the markets!
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GOLD BEST PLACE TO SELL FROM|SHORT
Hello, Friends!
We are now examining the GOLD pair and we can see that the pair is going up locally while also being in a uptrend on the 1W TF. But there is also a powerful signal from the BB upper band being nearby, indicating that the pair is overbought so we can go short from the resistance line above and a target at 2,586.807 level.
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CAD/JPY BEARS ARE STRONG HERE|SHORT
Hello, Friends!
The BB upper band is nearby so CAD/JPY is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 102.499.
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AUD/JPY SHORT FROM RESISTANCE
Hello, Friends!
Previous week’s green candle means that for us the AUD/JPY pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 95.765.
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NZD/JPY BEARS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
NZD/JPY uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 87.871 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the NZD/JPY pair.
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SELL GOLDAfter yesterdays FED decision we saw price set an all time high and pull back down. In todays session we will be monitoring for a sell opportunity in GOLD. Our first entry is at current price 2588.70 second entry will be at 2606.228. Our stop loss will be above 2622.226 and Targets will be as low as 2528 level. Use proper risk management. Cheers
SPY SENDS CLEAR BEARISH SIGNALS|SHORT
Hello,Friends!
SPY pair is in the downtrend because previous week’s candle is red, while the price is evidently rising on the 2H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 556.18 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is likely.
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CAD/CHF BEARS ARE GAINING STRENGTH|SHORT
Hello, Friends!
CAD/CHF pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 9H timeframe the pair is going up. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 0.622 area.
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2 Pairs, 1 Stock (AUD/USD, AUD/JPY, LCID)Hey everyone!
I wanted to take some time and put together a quick video of some pairs and a stock I've been keeping analysis on!
Interest Rate Cuts for USD will be felt in all financial markets!!
Here I point out:
AUD/USD - Weekly Pennat
AUD/JPY - Weekly Correction Pullback
LCID - Fibonacci Levels
Let me know what you think!!
Costco Wholesale deep diving into the fundamentals Sale Post ER?NASDAQ:COST is an interesting company that benefits from inflationary conditions where consumers are looking for cheaper products or more product for their money. Costco is aided from its membership business model. The Stock itself rallied 38.35% YTD "Year to Date" and 60.79% in the last Year "365 Days" I personally like the stock but think due to the valuation like the PE Ratio that is high to me personally, and the forward PE Ratio doesn't seem like the best price to me as a new investor with a short term interest, I would not personally add this stock to my portfolio until I see the stock pull-back in Share Price, Price to sales seems decent but I am hoping for a share price pullback which may never happen. I Put an idea/Chart that I Would not be too surprised if it played out that way but it could also be inaccurate. Only Time Will Tell! I am not initiating Buy, Sell, Or Hold Opinions and you should take No action suggestion
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Balance Sheet:
Cash: US$11.50b
Debt: US$6.91b
Total Liabilities: US$46.14b
Total Assets: US$67.91b
Debt to Equity Ratio: 31.7%
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Technicals:
RSI: 59
Short Interest: 1.66%
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Valuation:
PE Ratio: 56.1x
Forward PE Ratio: 52.3x
Price to Sales: 1.6x
Price to book Ratio: 18.5x
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Management Ratios
Return On Equity: 32.9%
Return On Capital Employed: 27.7%
Return On Assets: 9.9%
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Disclaimer: I am not a financial advisor and in no way am I signaling a sell, buy, or hold opinion on this stock (Costco Wholesale) I am just giving my personal opinion as a hobby trader, I have no certifications and I am not a financial analyst or a financial advisor, I also may be wrong about how I feel about the stock. I want you to do plenty more research on this and the stocks you are interested in because the stock market always holds a lot of risk that may pose different risks and overall be different for each investor and trader. Please do not make opinions based on this idea or any idea. Please be careful! this post is only for conversation.
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Idea:
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Source: SimplyWallSt for the Balance Sheet Numbers & Balance Sheet information.
BITCOIN SELLERS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
We are targeting the 59,865 level area with our short trade on BITCOIN which is based on the fact that the pair is overbought on the BB band scale and is also approaching a resistance line above thus going us a good entry option.
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