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Confirmation

BTC moves in the Sideway zoneH1 time frame. Structure: Downtrend. The price tends to be sideways in the range of 60000 to 62500. Waiting for a clear break of the 62500 resistance and a confirmation retest signal could look for buying opportunities. Or a downside break of 58000 support and a reversal pattern could be found, a buying opportunity could be found. The profit target is the 67000 price zone. ----------------------------------------------------------------------------------------------- Wish you all have a good trading day!
COINBASE:BTCUSD
by tradafx
XAUUSD commentary week 44 from November 1 to November 5H4 time frame. Structure: The falling price breaks the ascending channel. The price is currently likely to test the 1785 resistance and the previous uptrend line at 1790. Wait for the price to confirm the downtrend after testing these prices, then you can find a selling opportunity. The profit target is the 1760 price zone. ----------------------------------------------------------------------------------------------- Wish you all have a good trading day!
OANDA:XAUUSDShort
by tradafx
XAUUSD commentary week 42 from October 18 to October 22H4 time frame. Structure: Uptrend. After the price up to break Key Level, there was no confirmation move but a strong down. Here the price has no confirmation of the downtrend and is stopping at the support level of 1770. From here, a new accumulation zone is likely to form with a range from 1770 - 1800. At the 1770 support zone, we can wait for bullish reversal patterns to buy on the 1-hour time frame. The profit target is the 1800 zone. ----------------------------------------------------------------------------------------------- Wish you all have a good trading day!
OANDA:XAUUSDLong
by tradafx
USD / CAD SHORTDisclaimer: Any of the content presented on my page showing my analysis of the market is just that, an analysis which means this is my personal opinion of where the price is going to go. Do not by any means take this simple analysis for a reason to enter a trade, I am not presenting these analyses as a form of signals, simply a way to get feedback and opinions from others on how my trades look. Take this trade at your own risk, but know forex is a risky market that you can make a lot of money but can lose that money or even more just as fast, enter these markets with your own risk and good luck with your trading :). 4 Hour Analysis: The price has been going in a down trend on the daily and the four hour. Price had stalled out and started to range but did not have a problem making lower lows throughout this range and has also showed rejection to the upside while making moves to the downside. All I would need for a trade at this point is confirmation on a lower time frame and I would be risking one percent of my total capital. 1 Hour Analysis: Price was about to breakout of this range so I got ready waiting for a strong bearish close below the lows of the range. If price breaks below these lows but only by a few pips, that would not be enough confirmation for me to get into this trade, I want a strong candle to the downside before I even consider getting into this trade. Risk Management: Stop risking your entire account on one single trade, this is going to lead to a massive loss adventually and even if you are on a big winning streak all it takes is for one trade to go south and your account could be blown in one trade. Keep your risk management in check and stay consistent, slow down and set a set amount to risk on every trade, for me I risk one percent of my total capital on every trade NO MATTER WHAT or how juicy the trade is or could be. Have a set amount cause in the long term a consistent risk amount will really reveal your edge in the market and put it to work. Look, everyone is different in the way they trade but so everyone is going to risk more or less depending on the person and the kind of strategy, see what works best for you and stick to it. Good luck to you all this week, I hope you have an amazing trading week and please let me know if you have any questions and I can do my best to help you out. Thanks again, KeySlot.
Short
by KeySlot
EUR / AUD SHORT PositionDisclaimer: Any of the content presented on my page showing my analysis of the market is just that, an analysis which means this is my personal opinion of where the price is going to go. Do not by any means take this simple analysis for a reason to enter a trade, I am not presenting these analyses as a form of signals, simply a way to get feedback and opinions from others on how my trades look. Take this trade at your own risk, but know forex is a risky market that you can make a lot of money but can lose that money or even more just as fast, enter these markets with your own risk and good luck with your trading :). Daily Analysis: Price was previously stuck in some kind of range at the top of this last push, one thing that shows me that their is a lot of weakness to the upside is the amount of wicks that price had left when making a push down. Now, after that rejection price has not been able to be stopped and has been continuing to push lower and lower reaching the recent lows and stalling out for a bit. With a price confirmation on a lower time frame this could be a potential trade to the downside and could be one that could take a while to fully play out, if you are patient enough you could get a good amount of pips if it plays out in our favor. Wait for more confirmation on the lower time frames and decide for yourself what would be a good entry tailored to your specific system. Hourly Analysis: On the lower time frames you can see down below, price had tried breaking down below the 1.57778 area, price has now shown a lot of momentum to the down side and is showing only more of a reason for us to get into this trade. For the system that I trade if I get into this I already have a set risk amount which will be only one percent of my total capital at any given time. The only reason I would add on to my position or risk any more on a given trade is when I have my stop at breakeven and price is well below it, I might place another trade risking one percent overall. I hope you all have an amazing trading week, and good luck to all of you out there. If you have any questions about how I trade or you want more details, feel free to leave as many questions you may need down below and I will get back to you as soon as possible. Thanks again, Keyslot
Short
by KeySlot
SHIBS - Confirmation is key, shitcoin or not. Is SHIBS a shitcoin? Absolutely. As a trader, even in a shit coin, you find opportunities. The last impulse move has rejected at the previous ATH candle close. IF we manage to break that previous high I will be watching for an entry and rise a potential second wave. If we fail to push higher RIGHT NOW, and potentially lose the lower support. Then so be it. If you are not in SHIBS right now, stay on the sidelines - WAIT FOR CONFIRMATION
Long
by DexWealth
2
GBPUSD vs 3 Resistance LevelGBPUSD is retesting 3 resistance at once, the rising wedge lower trendline & its previously resistance area, and its bigger timeframe down trend line. Of course, we're still waiting for confirmation in Candle Pattern & breakout. Manage your own risk. Disclaimer: This content is intended to be used and must be used for information and education purposes only. It is very important to do your own analysis before making any investment based on your own personal circumstances. Accordingly, the writer will not be liable in respect of any damage, expense, or other loss you may suffer arising out of such information or any reliance you may place upon such information.
by Phoenix-Rise-Trade