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USDCAD SHORTING Potential??Dear Traders, I would like to discuss potential shorting opportunities in the USDCAD market. In analyzing the market, I have examined the chart from yearly to H1 timeframes. I welcome any feedback on my analysis and suggestions on how I can enhance the quality of my content. I do apologize for any fluctuations in my vocal delivery, and I am taking steps to ensure improved consistency in future presentations. Please do not hesitate to contact me regarding this trade or any other related matters. Best regards,
Short
by Tradebudz
Wednesday Moving Average Model for QQQ (No FOMC Days) for 11/30This is a 5 minute moving weighted average model of the Wednesday Intra-Day stock price for QQQ. The average looks at all Wednesdays for the past 12 months, and excludes any Wednesdays that fall on FOMC announcement days (those are a separate pattern). To calculate the initial model, I did a straight average of 11 months, then performed a moving weighted average of the last three Wednesdays of the year with each week counting towards the model at a 0.15 weight. The Wednesday model shows the Open, High, Low, and Close amounts (averaged), as well as the moving weighted historical high of the day, and key pivot points. Because this Wednesday precedes special announcements of GDP numbers, it is very important to always follow price action. The model may only be useful to look for key swing points, and is not a reliable prediction of future behavior. Additionally, I have added ADX and Chop data, using the same average methodology described above. For Wednesday, expect that the afternoon will have fairly low momentum. There does appear to be a repeated large move at 2PM that is appearing in my dataset, even when excluding FOMC announcements. I would watch for the 2PM interval to make some huge move (either up or down) as this is a large, repeatable observation.
NASDAQ:TQQQ
by dratzlogic
BTC Overbought Up to 7% decline 11 04 2022 If you love the spot-on analysis done so far, please boost, share, comment, and follow for more. Analysis: On the 3 min charts, BTCDOWNUSDT 3 candle confirmation occurred at around $20,814. This implies a current overbought condition for BTCUSDT. 2-candle confirmation on the 5 minutes chart above the yellow moving average and a 1-3-candle confirmation above the lower white dotted fib line on the 3 min chart were also confirmed. The projected entry zone is anywhere between $20,950 and $20,814. Based on this analysis, we should expect around 0.71% to 7% downward movement for BTC from this point. This might be achieved either by end of the day or over the course of the next 3 days. Baseline Information: The strategy used for this analysis takes into account the following factors: Timeframe: 3min and 5 min Symbols: BTCUSDT , ETHUSDT , BTCDOWN, and ETHDOWN Exchange: Binance Indicators: For obvious reasons, precise indicators names can not be provided, but this analysis makes use of VWAP , moving averages, and Fib charts. Chart Count: 8 Disclaimer: The information and publications are not meant to be or constitute financial, investment, trading, or other advice or recommendations.
Short
by ghost2019
3
Gold Setup Idea: Pre New York (Oct 5, 2022)Analyzing price action from the past 2 Sessions, Asia and London, I see bears stepping in. The Bulls are hitting daily resistance and may need to breathe. Asia and Pre-London both retested the high formed, both Monday + Tuesday were very bullish days, so I am not going to be surprised if we see a Bearish NY session today, or possibly some consolidation. But what I am looking for is price to break the 1H Support, and then form a LTF resistance; once the resistance low is broken I will enter my short trade assuming the range is still 50+ pips.
FX:XAUUSD
by SoManyDistractions
50 Day Moving Average Strategy TRADE ENTRY 1. To enter a 50-day moving average trade, you should wait for a breakout. 2. Whenever the price breaks the 50-day SMA, you should open a trade in the direction of the breakout. 3. In most cases, the price action will continue in the direction of the breakout. STOP LOSS 1. If the price breaks the 50 SMA upwards, we need to go long, placing a stop below a bottom prior to the breakout. The opposite is true for bearish trades. 2. If the price breaks the 50 SMA downwards, we need to short the stock placing a stop below the bottom prior to the breakout. PROFIT TARGETS 1. Hold your trades until the price action breaks your 50-day moving average in the direction opposite to your trade. 2. If you are long, you close the trade when the price breaks the 50-day SMA downwards. 3. If you are short, you close the trade when the price breaks the 50-day SMA upwards. CONCLUSION 1. Stock price above the 50-day moving average is usually considered bullish. 2. Stock price below the 50-day moving average is usually considered bearish. 3. If the price meets the 50 day SMA as support and bounces upwards, consider a long entry. 4. Stock price meets the 50-day SMA as resistance and bounces downwards, consider a short entry. 5. If the price breaks the 50-day SMA downwards, you should switch your opinion to bearish. 6. If the price breaks the 50-day SMA upward, you should switch your opinion to bullish.
BINANCE:ETHUSD.PEducation
by yaser_rahmati
1
We could be long for the rest of the week GBPJPYHi Traders, Today I take another look at GBPJPY, Price has dropped as expected in my previous post, But I have gotten stopped out before the drop. Looking At price, I believe the move is now done and we can expect a continuation to the upside. Based on the 30-minute timeframe we have bounced off support and started moving bullish with all the current 30-minute candles closing as bullish candles, price has now met a minor level resistance at 166.600. If we are able to break above I will be looking at an easy Buy setup to 167.8. Price could continue to make new highs But I will be happy with a 120 pip trade. Be safe in the Markets. Renaldo Philander
Long
by Tradebudz
🎯 HISTORICAL EDGE - 77.50% WIN RATE - 08APR22PRO TRADER : Do you see the HISTORICAL EDGE? NEWBIE : silence ... PRO TRADER : Ok, we got a 10day low yesterday. Today the SPY gaps up and closes positive on the day. This close is above the 200MA. ⬇️ ⬇️ ⬇️ RESULT ⬇️ ⬇️ ⬇️ 🔱 This setup has occurred 40 times since 2007! 💎 🔱 The 1 day move from here has had 77.5% chance of being bullish 🟢 ( aka higher for the cash session 08APR) 🔱 The average move up has been 0.8%! 👉 Aka we predict that on the 08APR22 the general market (SPX) has 77.5% chance of closing 0.8% here from here!
SP:SPXLong
by TintinTrading
1