ASX200 4H, could we see a new test of 6715?Happy Monday. Thanks for tuning in. Today we’re looking at the ASX200 as a few things point to buyer control. Since last Friday, we continue to watch the new fast uptrend remain in play. Buyers are also starting to break out of a wedge pattern, but we want to see if price can get back up to and break 6715.
A move up to and break of that level could start to tell us that a new short-term up trend is underway.
Thanks to all our subscribers and to the trading community for watching today’s update. We wish you good trading for the rest of the day.
Cfdtrading
Next short position on XAUUSDUnfortunately I missed the short trade after the entry annotated at the top because that green candle wick was my SL and due to holiday festivities I was not monitoring the charts to re-enter. However, this is my next position. Based on support and resistance confluences on the daily AND weekly charts, this is where I believe price will drop to. However, to avoid drawdown I have placed a sell stop and a sell limit based on two alternate entries with the same SL and TP as the position tool shows.
CFD News; Oil sees demand after testing key support.Welcome to Wednesday's update, subscribers and TradingView community Today our focus is on oil as price has started to move higher after testing and holding for now at key support.
Price continues to trade in a short to medium-term downtrend after sellers turned momentum back in June. Since that point, it's been a series of LHs and LLs. Today's price has shown defensive action from buyers after this morning's lower gap failed to beat 94.90 area support and demand.
Could yesterday's bar be seen as exhaustion? If buyers can hold this level of support, we will be looking for price to continue to push higher. Obviously, if we see a break, then it's back to looking for new LLs maintaining the downtrend.
The MAs remain bearish, but the OBV has stopped putting in clear LLs despite yesterday's strong move lower. Could support be hiding plenty of fresh demand from oil buyers? We will have to wait and see if buyers can hold the level again today.
Data to keep an eye out for today. 10:30 pm US CPI and core CPI. 12:30 am US crude oil inventory numbers.
US30 pressure continues. Could the short-term run be over? Hello to all our subscribers and the TradingView community. Thanks for stopping by and watching our latest market update.
Today we have broken down the US30 on an overall longer-term view and the current short-term view. Overall the trend remains down, and we are watching to see if the short term can complete the current pattern of trend and maintain a normal trend with a new LL. Sellers are in control on the short term but they have a bit to do to confirm that.
On the short-term, sellers continue to hold sway with a break of yesterday’s low in today’s out-of-hours session. We’re seeing two keys moving forward. 1, sellers break 30,500 demand and set off back to 29,683 low. If demand holds and we see a new move above 31,500 resistance, we will jump off the seller train and look at the possibility that the uptrend from the 20th of June has further to run.
Good trading and we hope you enjoy the rest of your day.
Silver CFD Analyzehello everyone
i think we reach to 38.2% fibo level and also a trendline.
we see two candlestick patterns too.
one bullish engulfing pattern
and one morning star pattern.
so maybe we could grow to 200MA and then correct again.
if you open a position dont forget too set your SL under this trendline
and early bottom u see in chart.
(!!!NOTE!!!
my posts are just my own opinion and you must trade and invest in your own strategy.
be careful and protect your capital first.)
thank you all for your supports
USOUSD OIL,Yesterday's buyer fightback to push a new leg higher?Thanks for tunning in TradingView community. Today we're looking at USOUSD oil and wondering if yesterday's price rejection could lead to a new leg higher from buyers.
So far this week, we have seen mixed trade with buyers coming close to breaking last week's high before sellers took hold and set up a two-day retracement. It would have been three, but buyers had other ideas yesterday, stopping sellers once they tested 112.75. Buyers quickly took price back up above 117 and posted a higher close for the session.
Today so far price has been on the quieter side. If we can see a new move above yesterday's high, we will be looking for a new up leg, but if sellers can close below 115.14 this could be a warning that the current retracement could have further to go.
If we do see a new leg higher would look for price to possibly get back into the 120/21 area if buyers can maintain momentum.
Happy Friday, all. We hope everyone has a lovely weekend and good trading.
Could we see Oil retest 122?Thanks for stopping by. We hope the community is having a lovely Friday. Today our focus is on USOUSD (Oil) as price finished yesterday’s session with a commanding reversal bar. After trading over 2% lower, buyers not only took hold but ended the session with a solid 3.83% gain.
Yesterday’s session appears to show that buyers are still very active, and for now, price is not comfortable trading below 114.77. The move maintains the current trend, but we want to see further confirmation to suggest that the trend is set to continue.
If buyers can reverse today’s selling and beat 119.50 minor resistance, which also holds yesterday’s high, we will then be looking for the current trend to continue with a possible new test of 122 or above.
A failure to break yesterday’s high and minor resistance in today’s session could be seen as a small warning to buyer strength.
Good trading
123 Pattern building on the US30?We hope the Tradingview community are having a great day. Today we have been looking at the US30, and we can’t help but noints the solid-looking trend break on the current upswing.
This has us thinking, could we see a 123 pattern that sets up a 2nd upswing and confirms the current leg higher as a new short-medium-term uptrend?
We have the V shape pattern that’s nice to see in reversals. Next, if we see further selling develop today and tomorrow, we will start looking for a new move from buyers that breaks the last high, confirms the 123 pattern (HL), and suggests that this upswing could be a new trend.
Until we see further selling, we will continue to wait. But if the above does happen, we will be looking for breaks of the high to possibly set up new longs. If we see a new high today’ we will be waiting, and if selling breaks below 31,700, we will also be waiting.
NDX100 sellers are struggling to beat 11,780 for nowHello TradingView community, today’s video update is more to highlight an area as opposed to looking out for a potential set-up.
Tech stocks have been having a hard time of it lately, but we are seeing and watching an area between 11,780 and 11,550ish. The bottom is not exact, but after looking at the NDX100 you will see the point being made.
This area, for now, continues to reject sellers and continues to present as demand and possibly support for buyers. It’s no more than a level of interest for us at the moment. We could see price continue to hold there and perhaps push at a new move higher, or we could see sellers railroad the area.
The key for us will be if this level can continue to hold. If so, we will look for further price action to start thinking and looking for new ideas.
Good trading.
USOUSD Oil, continuation higher watch.Good morning/good afternoon TradingView community.
Today's video idea is focused on oil as we saw a solid reversal yesterday sellers did their best to get a new leg lower going. Buyers not only stopped the run but put in a solid reversal bar that finished above the 50% point of the previous lower bar.
This action has us thinking, could this be the start of a new trend continuation? We are watching to see if buyers can break yesterday's high. A break could be the starting point of confirmation of this idea. The MA and CCi both support further buying, but we really want to see yesterday's high beaten to show that buyers retain momentum.
Please check out our video for more detail on our trade idea.
Good trading. We hope everyone has a great weekend.
US30 have sellers made a statement yesterday?Good afternoon/good evening, TradingView community.
Today's video is about the US30. We're asking the question, has a new continuation started? In our video analysis, we run over things we are watching and things we would like to see to give this idea confirmation.
Good trading and thanks for watching.
ICPUSD leg lower watch.
So is the honeymoon period over for the crypto recovery over TradingView community? Looking at several coins, we can see a similar pattern setting up. ICPUSD looks to be more on the weaker side so we have zeroed in on this coin.
Here are the points that have us looking for a new continuation lower. The counter-rally looks to have stalled. Sellers continue to pepper today’s price action. The last high looks to be an LH maintaining the normal pattern of trend. The MA and CCI both remain bearish.
It comes down to today’s session. Will we see a break of minor support signaling seller momentum is back? If sellers can take hold and beat support will also be looking for a break of the LL to show that the downtrend is looking to continue.
Good trading.
ASX200 support remains from 6910Hi all, this morning, it's hard not to notice 6910 support on the ASX200 daily chart. Sellers once again breached the level but have again been unable to hold the break with buying developing in today's cash session.
We see this level as key support as it has held firm since April 2021. Green circles show the amount of times sellers have been unable to break the level since April. Interestingly, we've seen four moves higher after a level test. Today's idea is not a buy or a sell, it's more of a heads up.
We will be watching this level to see if any further ideas develop.
NASDAQ - Possible Inverted Head and ShoulderWhat we are witnessing right now could be the possible start of second shoulder of the inverted head and shoulder pattern on NASDAQ. if the bounce is successful considering the Bullish engulfing on daily candle of the date 4-13-2022. We are possibly having a go ahead to start entering long on NASDAQ.
Targets in sight are:
15100 - Foundation resistance of the inverted head and shoulder
15900 - A possible minor support region
16500 - The last target as indicated by the base of the inverted head and shoulder pattern
You might wanna bail out below 13500
Best of luck, Happy Trading, Happier profits, Always ensure maximum risk management :)
FTSE100 Major Resistance Coming up ahead of CPI DATA SHORT I will be looking to take a short based on the following analysis .
FTSE Approaching Major resistance with a HVN *High Volume Node up ahead as well as untapped Monthly and Daily levels .
If this plays out I would expect PA to gravitate down to the 0.618 FIB for a strong level of support
Housing the 9 , 30 , 50 and the 100EMAS all clustered in-between the 0.66 and the 0.618 FIB as well as a SPEED FAN 0.5 crossing through this range 7350.
The Analysis does coincide with some Fundamental data released tomorrow for the UK "CPI DATA YoY " Consumer Price Index in which case
the actual CPI numbers have been higher than forecast spanning the past 18+ months so this could be the precursor for the drop tomorrow with a continuation of that trend.
Please like and follow for regular analysis . Much appreciation
* Left out the EMAs too keep the chart looking clear
Xauusd GOLD ANALYSIS, FEBRUARY 9,2022Bearish below 1835.
Strong resistance area 1829.8/1833 above that bull will take control and we can expect 1838 zone.
Gold has been bullish since last week and currently hovering at 1827.
A break below 1818, which is a strong support zone will make a visit towards 1811/12 and below that bears with snatch the controls from Bulls and likely targets would be 1804, 1800,1795, 1784, 1780 and below that will open doors for 1770 and 1760/52.
Gold movement February 9, 2022All eyes on todays USD news.
Xauusd has gained strength since last week and has been on a bullish path and current at 1827 region.
1829/32 will stand as a strong resistance and above that we can see bull will roll the dice to 1838 zone
On the contrary, 1818 is acting as a strong support zone and below that we can expect the bears to take the game towards 1812, 1804 with a short term target close to 1760/52.
If you like the analysis, please like and share your feedback.
It's time to buy Ethereum 👀Our strategy says it's time for an Ethereum long.
Entry details are shown on the chart.
Trade has been live since 12:00 UK time.
Working the H1 time frame here and we're only looking for TP3.
Previous trades can be found on chart and some covered in previous ideas can be found in links at bottom.
As always the report box at foot of the idea shows the stats for this strategy.
In that box every trade is logged and can be viewed by clicking the tabs in the report box.
You as the viewer of this idea can also do that so go ahead and have a play.
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I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily.
Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way.
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Please hit the 👍 LIKE button if you like my ideas🙏
Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌
No one likes missing out, do they?
Also, see my 'related ideas' below to see more just like this.
The stats for this pair are shown below too.
Thank you.
Darren.
UK100 buy running ⤴️🙌We are using our POW reversal strategy for this trade a UK100 long.
Trade details for current trade are shown on the chart.
We are working the 15M time frame on this strategy.
We're looking for the green line which is take profit target.
Little blue arrow is entry point and purple line is stop loss.
Trade history can be seen at the foot of this trade idea too for full transparency.
Previous trades also can be seen on chart.
Both were long trades and both found TP so lets see if we can go three for three.
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I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily.
Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way.
------------------------------------------
Please hit the 👍 LIKE button if you like my ideas🙏
Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌
No one likes missing out, do they?
Also, see my 'related ideas' below to see more just like this.
The stats for this pair are shown below too.
Thank you.
Darren