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MarketBreakdown | BITCOIN, EURNZD, GBPCHF, S&P500 Here is a brief technical outlook for 4 financial instruments that are on my radar. 1️⃣ Bitcoin (BTCUSD) - 3 days time frame ₿ I guess everyone was watching this sharp bullish rally from 29.500 level. No wonder, the price is currently consolidating and trades within a wide horizontal trading range. 28.800 - 29.800 is its support 40.600 - 41.400 is its resistance Yesterday the upper boundary of the range was reached. For now, chances will be high that the price will keep trading within the range. In order to catch the next bullish swing, wait for a breakout of the resistance of the range. 2️⃣ EURNZD - 3 days time frame 🇪🇺🇳🇿 The market is currently ranging. 1.71 - 1.73 is the closest resistance 1.66 - 1.67 is the closest support For range trading consider these key level for buying/selling. To catch a trend following move, wait for a bullish breakout of the resistance, it will most likely trigger a bullish continuation. To catch a swing move wait for a breakout of its boundaries, sell in case of a bearish breakout and buy in case of a bullish one. For intraday trading consider the boundaries of the range. 3️⃣ GBPCHF - Daily time frame 🇬🇧🇨🇭 The market is trading in a bearish trend. The price is steadily going down within a falling parallel channel. The price is quite close to the resistance of the change. The next bearish move will most likely initiate from there. 4️⃣ S&P500 Index - 3 days time frame 📈 The index keeps rallying and currently trading in a noman's land. The price formed a rising wedge pattern and currently, the market is approaching its resistance. I expect a pullback. For trend following trading, consider a support of the wedge. ❤️Please, support this idea with a like and comment!❤️
COINBASE:BTCUSDShort
by VasilyTrader
7
DXY (Dollar Index): Year's High & Potential Reversal Zone 💵 Hey traders, DXY remains very bullish since the end of May. However, with the recent price action, the market started to slow down. The index is currently trading within a rising wedge pattern. Signifying the exhaustion, bears are looking for a strong supply area to start pushing. On focus is 93.3 - 93.5 area. It is a potential reversal zone based on a current year's high. Let the price reach that area and then look for a bearish breakout of the wedge as the confirmation of a coming bearish rally. Remember that if the price breaks the underline zone without any hesitation, bullish continuation will be expected on the index. ❤️Please, support this idea with a like and comment!❤️
TVC:DXYShort
by VasilyTrader
12
US30 looking to go 3 out of 3 🎯Entry details are shown on the chart. We're only looking for TP3. Trade history can be seen below this trade idea too for full transparency. Previous trade was covered by myself yesterday in a trade idea please see below. Lets see if this trade can make it three out of three TP hits. ------------------------------------------ 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.
UShort
by pow_removetheguesswork
The 3 Types of Traders. Who Do You Belong To? 🤔 There are thousands of different ways to trade the market. During the last 100 years, various trading strategies and techniques were invented. One of the ways to categorize them is to split them by types of traders. Such a category type will lean on 2 main elements: trading frequency and time frame selection. 1️⃣ - Scalper I guess 99% of newbie traders start from scalping. Trying to catch quick market moves and become rich quick, newbies are practicing different scalping strategies. What is funny about scalping is the fact that such a trading style is considered to be the easiest by the majority while remaining one of the hardest in the view of pros. The main obstacle with scalping is a constant focus and rapid decision-making. Scalpers usually open dozens of trading positions during the trading session, most of the time being in front of the screen constantly. Paying huge commissions to the broker and dealing with complete chaos on lower time frames, the majority simply can't survive the pressure and drop, leaving the pie to true gurus. 2️⃣ - Day Trader Day trading or intraday trading is the most appealing to me. Staying relatively active, the market gives some time for the trader for reflection & thinking. Opening and managing on average 1-2 trades per trading session, the intraday trader is granted a certain degree of freedom. However, with declining volatility, quite ofter intraday traders get a relatively low risk/reward ratio for their trades, 3️⃣ - Swing Trader Swing trading is the best choice for traders having a full-time job. Primarily being focused on daily/weekly time frames, swing trading is not demanding for a daily routine and aims at catching mid-term/long-term market moves. With an average holding period being around 2 weeks and opening 1-2 trading positions per week, swing trading is considered to be the least emotional and involves low risk. The main problem with swing trading is patience. Correctly identifying the market trend and opening a trading position, the majority tends to close their positions preliminary not being patient enough to let the price reach their target. Which trading type do you prefer?
COINBASE:BTCUSDEducation
by VasilyTrader
63
US30 long moving nicely 🙌📈Long trade progressing nicely after last sell hit TP Wasn't at the screen when this presented hence the late share. All my trading is automated and this strategy is a strong one with great back tested results. The proven known trading edge allows me to automate and carry on with my day. Entry details are shown on the chart. We're only looking for TP3. Trade history can be seen below this trade idea too for full transparency. ------------------------------------------ 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.
ULong
by pow_removetheguesswork
UK100 long is live 📈👍Entry details are shown on the chart. We're only looking for TP3. Trade history can be seen below this trade idea too for full transparency. ------------------------------------------ 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.
ULong
by pow_removetheguesswork
S&P500 Index (SPY) 100% Growth & Thoughts Hey traders, As you know I rarely cover indexes, just because most of the time they tend to rally. However, I noticed one peculiar thing that I decided to share with you: Covid crisis & consequent bearish rally started in February 2020. Just in 29 days, the index lost 36% of its value. With multiple stimulus packages, it took 139 days for the market to return back to all time's previous historic high. Then a bullish rally resumed. During the last 334 days the market is growing sharply. What is exceptional about that is the fact, that from 2175 level (being a covid low) the index grew by 100%. Of course, it is not a signal for us to sell, however, with these number it becomes clear how overheated and overbought the market is. Can it go even higher? Of course, it can. However, be ready for major correctional waves. ❤️Please, support this idea with a like and comment!❤️
FX:SPX500Short
by VasilyTrader
13
FTSE100 make its 3 out of 3 😍👌I've said it before and I'll say it again win rate doesn't mean shit. But, here we have a nice win rate coupled with a nice risk to reward of 1:2 for this strategy. Alert is set ready to share the next trade should I be online - so ensure you're following. All trade entry details are shown on the chart. We are only ever looking for TP3 on this strategy the green lines are the TP target. As always the trade history can be seen below this trade idea too for full transparency. This chart pattern and sequence of trades also ties in nice with one my previous educational posts comparing systematic trading v subjective trading. There is no subjectivity with the idea being posted here. Just a proven back tested plan followed to the letter. Here's the previous educational post mentioned- ------------------------------------------ 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.
U
by pow_removetheguesswork
US30 making moves downward 📉👇One for the indicies traders among you. Last buy hit TP now it's time for a sell. Entry details are shown on the chart. We're only looking for TP3. Trade history can be seen below this trade idea too for full transparency. ------------------------------------------ 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.
UShort
by pow_removetheguesswork
S&P 500 long in progress 🙂👍The last sell trade landed and now a long trade is progressing. Trade details are shown on the chart. We're only looking for TP3. Trade history can be seen below this trade idea too for full transparency. ------------------------------------------ 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
ULong
by pow_removetheguesswork
US30 long now valid 🙌☝️First US30 trade of the week has alerted. Our script says it's time for a long after a successful sell closed out last Wednesday. Entry details are shown on the chart. We're only looking for TP3. Trade history can be seen below this trade idea too for full transparency. ------------------------------------------ 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
ULong
by pow_removetheguesswork
1
DE30 sell valid and running 👇👍Entry details are shown on the chart. We're only looking for TP3. Trade history can be seen below this trade idea too for full transparency. ------------------------------------------ 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.
OANDA:DE30EURShort
by pow_removetheguesswork
1
MarketBreakdown | GBPUSD, USDJPY, AUDUSD, S&P500 1️⃣ GBPUSD - 18H time frame 🇬🇧🇺🇸 GBPUSD is currently one of the most boring major forex pairs. The price remains stuck within a horizontal trading range trading in a global bullish trend. Recently the support of the range has been reached, now it looks like buyers will try to retest it again. For intraday scalping consider the boundaries of the range: Resistance: 1.42 - 1425 Support: 1.408 - 1.41 For swing trading, wait for its bullish breakout. 2️⃣ USDJPY - Daily time frame 🇺🇸🇯🇵 The market remains bullish. The price is trading within a rising wedge pattern. The pair is quite close to its support. I will look for trend-following buying opportunities from there. Being short-biased, look for a wedge breakout. 3️⃣ AUDUSD - 12H time frame 🇦🇺🇺🇸 The pair is trading within a wide falling parallel channel. Now the price is testing its resistance. For now, bias remains bearish and the price is forming a head and shoulders pattern on an hourly time frame confirming that. Closest strong support - 0.765 For buying opportunities let the price break and close above the channel's resistance first. 4️⃣ S&P500 - Daily time frame The price is close to all times market high. With a sequence of higher lows, we see a clear sign of a bullish accumulation. I will be not surprised if the price will break that to the upside. Pumping continues. ❤️Please, support this idea with a like and comment!❤️
Long
by VasilyTrader
17
NASDAQ NEEDS BREAKOUTNasdaq100 is currently ranging between 12900-13800. We have had the longest consolidation in the history, probably traders are all bored and need break out of this consolidation. Experts expects to get some very high volume after London market closed yesterday. Their targets for the bulls will be 13823, where the price will come to the trend line. A break of this trend line and price 13823 can expect more bull taking price to 13930-14055. Support is around 13400 and analysts predict if price drops it might be wise to set buy limits around 13400-13550. There is bullish scenario on bigger time frames and NAS100 still in the rectangle bullish channel.
NASDAQ:NDX
by legacyFXofficial
4-digit Dow (DJIA) - SHORT; Let the (long!!) descent begin!As the ol' southern colloquialism would have it: "Darn theng (The Dow) is fixin' to be done foh, rat cheer, right about naw!"... And this where the Long March (to < 9999) bound to start, rather sooner than later. (There is also a perfect Fib. Time Cycle lurking in the background. - Look closely!) If one is afraid to Short the index outright, no problem! - You're in luck. Just (continue to) SHORT the DJIA/Gold Ratio that is already well on it's way, still with miles and miles to go (down), with no end in sight. Here is that post;
CBOT_MINI:YM1!Short
by Nemo_Confidat
10