Get started

Downtrend

The Dollar retracement coninues.Hello traders, In the month of September, the low of the month was created at a very significant level which was also the High of July. Since mid-September, there was an expansion in price which was then followed by consolidation in price and a retracement as we ended the month. The price seems to be at a premium as it has not gone below the 50% mark. This means it's ideal to look for a sell as the price trades lower into the BuOB and the FVG level. Good luck 💥
TVC:DXYShort
by El_Chapo_Jr
1
GMT SCALPING DOWNTRENDThere seems to be a downtrend on GMT 15 Minute timeframe after the contraction and expansion phases. As long as the trend is respected you could probably make some decent profits. ═════════════════════════════════════════════════════════════════════════ Contraction Plotter Indicator: www.tradingview.com
Short
by Traders_Endeavors
COST, Another clean short set up !COST is offering another clean short set up. After proposing a beautiful and profitable Quasimodo pattern , COST reached to our first proposed take profit target ( See Related idea for details). After hitting our target , COST started a rally which is beautifully an abc form of counter trend correction . This abc form counter trend correction hit 0.618 retracement level of previous decline . Mentioned previous decline which was our short position is beautifully 12345 leg down therefore in terms of Elliott waves, every thing is it's right place to go short. Moreover, stochastic indicator is in overbought zone in daily time frame which may be a good signal for possible trend reversal. Please note two cluster of Fibonacci levels can be seen on the chart. COST has reacted well to first cluster which also nicely coincides with down trend line shown on the chart. This down trend line is a valid one since it has 3 rejection in it's history and yesterday hit might be the 4th rejection. Trade set up and information were also added to the chart. Please note that besides all these bearish evidences , our proposed set up may not go well therefore I kindly ask you to set stop loss carefully . As explained on the chart, if you can tolerate more risk it may be a good idea to set stop loss higher at 565 USD. Our take profit targets show our Reward to Risk Ratio is extremely high so I think it is good to take the risk. Good luck and wish you continuous profit.
NASDAQ:COSTShort
by SaeedSajedi
5
Will Bitcoin goes for 14500?Everything is clarified in the chart you can see upgoing and downgoing cycles after every bitcoin halving. RSI had a downward breakout the red RSI trend line named T1 in the monthly timeframe where you can see a little red rectangle and arrow there. The continuation of the RSI path is probably like the blue line drawn named R1. About the BTC price, I am expecting the price to reach 14500 - 19000 dollars until Dec 2022. of course, it can reach that target a few months earlier or late. Note that before Halving 2024 bitcoin will not have ATH. It means before Apr 2024 bitcoins price will be under the 69000 and even maybe 50000 dollars. After that time the price will go to 120000 dollars. Do not forget that the trend of the bitcoin and crypto market is still downward and bearish. You can see my idea about this analysis in a weekly time frame in another published idea on my profile page.
BITSTAMP:BTCUSDShort
by Trade_n92
4
EURCHF I Correction and continuationWelcome back! Let me know your thoughts in the comments! **EURCHF - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
Short
by BKTradingAcademy
14