Buyzone
Buy NZDUSD SW 070323 15.55📌📌Signal Buy NZDUSD 📌📌
Link :
📍📍Open order 0.62000
Buy lim 1 0.61700
Buy lim 2 0.61450
Buy lim 3 0.61200
Buy lim 4 0.61000
Buy lim 5 0.60690
Tp 0.62900
Sl 0.60330
Warning !!! (Swing trade must be use pending orders)
!!!Pending orders should be set up lot size step by step
Example
(15,000$)
Open order 0.1 lot
Sell lim 1 0.15 lot
Sell lim 2 0.20 lot
Sell lim 3 0.25 lot
Sell lim 4 0.30 lot
Sell lim 5 0. 40 lot
Sell lim 6 (last order) = 0.1+0.15+0.2+0.25+0.3 = 1.1 lot
Example
(3,000$)
Open order 0.04 lot
Sell lim 1 0.05 lot
Sell lim 2 0.06 lot
Sell lim 3 0.07 lot
Sell lim 4 0.08 lot
Sell lim 5 0.10 lot
Sell lim 6 (last order) = 0.04+0.05+0.06+0.07+0.08 +0.1 = 0.4 lot
!!When any pending orders are open and the profits are covered by loss it is up to your decision.!!
GOLD BUY AND SELL SETUPSIn this chart I went ahead and marked up some setups for buys and sells on Gold. Visit my profile and click on my profile for full video explanation.
Make sure you guys wait for confirmation before entering the trade. Just because it got to our POI point of interest does not mean we enter right away.
Bitcoin - 2023 SPRING PLANSpring plan - on account the bottom holds over the next few months, this is how I see it developing.
- Macro reclaim of 20k gets tested over the next month(s)
- Dips into green zone are ideal entry points (zoom in on LTF for setups/invalidations)
- MACRO invalidation below 17.1k and signs of weakness in green + reaction to 20k level will be warning signs
- Pushes up past the currently swept highs - to prior lost structure from march/april 2022 at ~33k
I don't see much macro resistance in the way until 33k.
The assumption here is that the low is in, for now, and this rally will cool off before continuing up.
What do you think?
Vatsik
JPM, Completion of 32 YEARS Bull Run?Is 9 months correction enough for completion of 32 years bull run ?
Started at 3.21 on 1990 and ended at ATH , JPM most probably has completed an impulsive section of a large degree wave cycle and currently is in first leg of 3 legs ABC form of correction.
As shown on the chart by green horizontal lines, JPM has so far retraced back around 0.382 of whole impulsive section which is acceptable but not typical for correction of bull run of this size. More typical Retracements are 0.618 Golden Ratio and 0.786 levels which suggest 68 or even 39.5 USD for JPM bottom !!. For now, I give more chance to 0.618 level (68 USD) which coincides with strong static support related to top of wave (1).
Timing is most difficult and of course least accurate task in charting and technical analysis however, we can extract some clues from chart:
First : So far , we had 9 months of correction which I suppose is not enough at all for 32 years bull run.
Second: if we use time Fibonacci for 32 years impulsive section and consider lowest Fibonacci level which is 0.236 , we reach to 7.5 years !!. Therefore, correction MAY last for some years.
Third: labeled wave (2) (intermediate degree ) correction lasted for 9 years from 2000 to 2009. If our suggested wave count becomes true, we are now in larger degree wave 2 (primary degree) which supports our expectation about multi years correction.
Please note dotted red arrow on the chart is more optimistic than 7.5 years correction related to 0.236 Fibonacci level.
Our wave count confirmation condition is a trade below what is labeled as wave (4) . This means there is one bullish case scenario which suggest the decline from ATH to be just the correction of what has been labeled as wave (5). In this case, our suggested wave count needs a major update.
Some important and educational notes:
1. Chart is very similar to NASDAQ. This remind us importance of index analysis.
2. Wave (2) retraced 0.786 of wave (1) a typical one. wave (4) retraced back 0.5 of wave (3) , another typical one.
3. Elliott waves alternation guideline is beautifully observable on the chart : Wave (2) is broad and long lasting wave (9 years) while wave (4) is a sharp one ( just 3 months).
To warp up, If we are a day or swing trader we can use the benefit of lots of ups and downs in the rout of the chart by choosing strong and efficient strategy (Please keep in mind that chart is on monthly time frame). But if we are a long term investor, we need some strong bullish signs and events in the stock and whole market to start investing in JPM, something much more stronger than just one day bounce back or a daily bullish candle.
Hope this analysis and explanations to be useful and wish you all the best.
AUDJPY I Intraday long from demand zoneWelcome back! Let me know your thoughts in the comments!
** AUDJPY Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Gala Games ($GALA) - Almost there..I shared this setup back in January and said I wanted to long in green - we are nearly there.
Lost high time frame resistance block (red) and now nearing my target high time frame gap (green) after a month and a half.
I was patient with this one, stood my ground, and should get the opportunity I've been planning for.
I will not blindly long this zone however - will depend on the reaction, structure and market environment.
Cheers
Solana formed Head n ShoulderInverse Head and shoulder as I had been expected the Triple bottomed. 1H-4H chart formed Inverse HNS; buy in the 20$ take profit until hit 25-40$ if not becareful if resistance meets or double top would be made only if necessary as well as triple top, watch any reversals or big slap sell off in a spot becareful.
GRMN - BULLISH SCENARIOGarmin Ltd. is an American, Swiss-domiciled multinational technology company founded in 1989 by Gary Burrell and Min Kao in Lenexa, Kansas, United States, with headquarters in Olathe, Kansas. Since 2010, the company is legally incorporated in Schaffhausen, Switzerland.
The company specializes in GPS technology for automotive, aviation, marine, outdoor, and sports activities. Due to their development in wearable technology, they have also been competing with activity tracker and smartwatch consumer developers such as Fitbit and Apple.
Last month the company reported its fourth quarter and fiscal year 2022 results.
Overall, the reported results were satisfying among the different businesses in the company's portfolio.
An increased revenue and margin profit is expected by the management in 2023.
Short-term possibility for an uptrend movement in the price channel to the $ 110 resistance level.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
A mistake that most traders might makeOn the right is the daily chart, and on the left is the 4-hourly chart. It is a common mistake for traders that have been trading for 3-5 years and believe that the higher timeframe always supersedes the lower timeframe.
Similar to corporate hierarchy, our superior is not always correct.
There are a couple of factors that determine that. One of it depends on the overall market bias on the currency.
My Bias on the US Dollar pairs remains bullish; hence, I'm not motivated to short USDJPY aggressively when the market has a Bearish Bat Pattern formation. I would require to see a further market confirmation, like a Double Top form at completion, giving me an RSI Divergence before shorting the trade.
On the other hand, I'm waiting to long the USDJPY at 135.00 on the 4-hourly chart, which happens to be the Key Support Level.
AUD CAD - Right zone to buy.On the daily chart we see a change trend. Buyers are now pushing the AUD UP. Hitting a resistance,
The daily chart shows candle sticks that foretell a push in buyers as price rejected moving lower. And was met with resistance.
Expect an accumulation of buyers to show themselves the coming days.
MET - BULLISH SCENARIOFounded in 1868, MetLife, Inc. is one of the biggest international providers of insurance, annuities, and employee benefit programs, With 90 million clients in more than 60 countries. The company operates in 5 segments: United States, Latin America, Asia, EMEA, and MetLife Holdings. The United States segment is the biggest revenue contributor.
In a short term, MET is heading to its previous ATH located at the 1.618 Fibo extension level.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
1 Trading Ideas might workThe Bearish Shark Pattern with a HUGE cross might not complete this round; instead of the Shark Patterns, it could form a Bearish Gartley Pattern.
Personally, I will have my focus on the Bullish Shark Pattern that is completing at 1.188.
I've a Bearish Biasness on the GBPUSD based on the higher timeframe, which means the buying trend would be a means to an end.
If the Bullish Shark Pattern does form up, I will be waiting for the Bearish 5-0 Patterns.
I know there is a lot of this going, I will be updating my analysis along the way.
Feel free to prompt and remind me in the comment segment if I've not done so.
CRM Setting Up for Earnings Next WeekCRM reports earnings next week. This was a pre-earnings run that settled into an unstable sideways trend and then went down due to a lack of strong retail buying.
Volume is exceedingly low to the downside. This is not a sell short setup. Buy zone support is too close from the bottom formation.
NVDA had a similar pattern and gapped up on its earnings release news.