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EURCAD I Key resistance broken and more upsideWelcome back! Let me know your thoughts in the comments! ** EURCAD Analysis - 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!
Long
by BKTradingAcademy
26
XAUUSD NEUTRAL WAITING NFPOn XAUUSD, we have an uptrend as highlighted by this trendline, which has been touched three times and the price could potentially touch it for a fourth time before continuing the upward movement, breaking out of this supply zone towards 1950. However, the price could also decline by breaking the trendline and subsequently retesting it before falling to 1890. Please share your opinion and support our work with a like. Happy trading to everyone from Nicola, CEO of Forex48 Trading Academy.
OANDA:XAUUSD
by EdgeTradingJourney
1
gbpjpyGBP/JPY has successfully broken out of its bearish range following the news events on Friday. As a result, we will now shift our focus to identifying bullish setups. Although the price action isn't optimal based on the close, we have a swing range that presents buying opportunities. However, it's important to note that there are some significant red-flag news events scheduled for this week. Consequently, we will exercise caution and avoid trading setups that are too close to our entry points and coincide with the news releases. Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan. We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
by PipSurfingSociety
GBPUSD LONG TRADE AFTER NEWSOn GBPUSD, we have a bullish setup based on today's Sterling data. I already have a short trade on this pair following another strategy, in which I'm exposed by 0.5%. In this long position, I'm exposed by 1% as it follows an additional strategy. However, I will close or cut the losses on this position if the entry candle, or the 10 candle, closes below the support level of 1.2616. Otherwise, I will keep it open and we will see how the situation evolves this afternoon with the US data. It would be fantastic if you shared your opinion and left a like to support our work. Happy trading to everyone! Danicola, CEO of Forex48 Trading Academy.
Long
by EdgeTradingJourney
1
CADCHF POI OF REACTION FOR A LONG 0.6870On CAD/CHF, we have a price at 0.6870 where, according to my analysis, it appears to be consolidating before a potential upward move. I believe it could be a long position since we have a price with favorable volumes and a price that has retraced within our reaction point. The target is a simple 1:3 risk-reward ratio, as we have an equal amount of selling volumes at the supply zone around 0.6815 where the price could react. It would be fantastic if you could share your opinion and leave a like to support our work. Greetings from Nicola, the CEO of Forex48 Trading Academy.
Long
by EdgeTradingJourney
3
Stock Market Logic Series #3When you buy (get-in) fresh cucumbers, you have time until they will expire. But when you need to (get-out). You need to liquidate FAST or cucumbers will rot and you cant sell them to anyone. The same thing goes for the fashion industry. When a clothes trader purchases clothes for sale he needs time to buy and ship the clothes to the store, it does not happen all at once. When the season ends, and if he needs to get rid of all this "unfashionable" end-of-season clothes. So he wants to liquidate and get out FAST! So you see massive discounts to get everything from him to the consumer. The same goes for stock trading... Hope this helps you read better the charts between buying behavior and selling behavior. Want to know more? Follow for the next stock market logic.
NASDAQ:TSLAEducation
by ZoharCho
1
TSLA Ready To Reverse?! Here we are looking TSLA on the Daily TF… In today’s analysis we are going to be comparing TESLA’s two most recent legs up in its current move, to look at the similarities and figure out where this current leg up may run out of steam. In TSLAs first move up, it moved up $115 which was approximately 112% up from its lows. From there, it received a pullback before beginning its current move up. When looking at the current move up, it has moved up exactly $115, just as the first move. Additionally, you can see that the price has gravitated right to a major gap fill on the chart. This isn’t enough to say that TSLA will reverse, but the similarities and the confluence is very strong. I will begin to look for TSLA to pull back from its current levels, and will update you as I see fit! Cheers!
NASDAQ:TSLA
by GarethSolowayOfficial
9
USD/JPY long ideaHello Traders We have detected a triangle correction for USD/JPY. so we stay bullish on this pair and expect some upward moves in the next few days. Our technical view has been shown in the chart. If you like it then Support us by Like, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
Long
by FortunaInvestments
EURGBP I Headed to retest demand zone and will possibly break itWelcome back! Let me know your thoughts in the comments! ** EURGBP Analysis - 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!
by BKTradingAcademy
8
30/05/23 Weekly outlookLast weeks high: $28225.6 Last weeks low: $27040.8 Midpoint: $25856.0 A little late due to bank holiday. BTC did go on a weekend rally to close strong near 28K. We've seen this happen before and usually the following week most of the gains get roundtripped back down, in this case targeting around 26K. Tomorrow is the end of the month, currently we have our first red month in 2023. Could this be a correction from from a rally since the start of this year around the 16K mark, BTC's value has doubled since then so a correction makes sense even though we have been chopping for what seems like a long time.
by ProR35
USDCAD Waiting the convalidation!On USDCAD, we have a critical setup, which means that the price is at a point of demand and supply at the same time. By analyzing the chart, I can infer that the price could drop to 1.3530, creating a short setup, and then bounce back to the supply level before descending further with a target at 1.34. Alternatively, the price could retrace directly to 1.3540, creating a long setup with a target at 1.3590. Both of these views are supported by spike validations on the order blocks. Let me know what you think. Happy trading to everyone.
by EdgeTradingJourney
15/05/23 Weekly outlookLast weeks high: $28610.2 Last weeks low: $25768.1 Midpoint: $27189.1 BTC dropping from weekly high at the start of the week to the lows in an almost linear diagonal decline, baring the anomaly of the CPI news Wednesday. Followed by a retracement back to the midpoint of the week after a weekend pump. The week has started positively by flipping the midpoint of the previous week, with a retest and acceptance above could be bullish and I would expect a run up to 29K, where we go from there is anyone's guess as we have been ranging for a little while now. A retest of the 25.2k level before a continue in rallying price makes the most sense to me.
by ProR35