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CADJPY possible setup on the 4 hourCADJPY possible setup on the 4-hour.... As you can see from this mark-up we have some smaller structures that have yet to have their liquidity tapped into.... giving us the idea that they could be tapped and price drop lower into our bigger range.... from here we would expect the higher targets to be met! when all internal structures have been locked into then we expect higher or lows to be taken...! As far as we can see here it would make a lot of sense for price to run our highs based from the structure break to the upside given to us last week!
Long
by rosshayes
1
EURUSD Long Swing SetupAfter months of bearish order flow on the EURUSD daily timeframe, we finally have a shift in order flow. Since EURUSD is inversely related to it's benchmark asset that is $ index (DXY). DXY was in a monthly influx area. And we had a wyckoff on that monthly POI which got confirmed after closing below ar . Thus confirmed the transfer of buys to sells on DXY which in turn led the EURUSD to shift the order flow structure. For EURUSD to turn bullish, we need more fundamentals and confluence to confirm this. So now after the shift in the structure, I am long on EURUSD for swing setups. Expecting long trade near the highlighted POI on the EURUSD after taking out the elq . Happy trading!!!
TVC:DXYLong
by Manav_Malhotra
2
USD/ZAR is breaking out of a critical channelOANDA:USDZAR is breaking out of a critical parallel channel We have been short the Rand (i.e Long the USD/ZAR pair) since it broke out of the previous parallel channel, however the Rand is gaining strength against the dollar. We closed the position once the rand hit the 1.618 fib extension target at R18.38/$. We have switched to a long position on the ZAR due to the following (i.e short position on the USD/ZAR pair): 1) There are multiple bearish divergences that was flashing at the R18.38/$ target 2) We have now closed 5 daily candles below the 50day SMA 3) Rejection at the 1.618 Fib extension target 4) Daily close below the parallel channel that has been in place for a good portion of the 2022 Targets are as follows: 1) R16.8/$ - This is the strongest support and one should close majority of the trade at this target 2) R15.87/$ 3) R15.2/$ Good luck
Short
by TraderMagz
1
BTC USD ( Pls read)i told you I have a chart you don't know, the chart where whales are trading. According to that chart and my analysis, the bottom of bitcoin will be found in December at the latest. They stole our pants because of the stock market wars. The market organizer is doing a great job, I congratulate him wholeheartedly. Both short and long emptied everyone's pockets. Now the exchanges will raise bitcoin with the money they receive. Remember, in the market, on youtube, on live broadcasts, on the forums, when everyone says we sank, fell, finished, bitcoin starts to rise unexpectedly like Santa Claus entering the chimney. There will be a bottom in a very limited time in front of us, if anyone has cash, definitely collect it gradually from the green place I have shown on the chart, because bitcoin will not fall that far again. Thanks to the young CZ, we fell down early, thank you very much, we fell fast without crawling. Remember, no trend lasts forever. Rising fast falls fast, falling fast rises fast.
by suutcuu
2
How is DKNG here?I never would have believed DKNG to become an 11 dollar stock. At this point it seems like it can go even lower. DKNG at this range is a gold mine for long term investment. LONG TERM: This stock can definitely go back up very quick but currently it's getting a beat down. Once it beats this 17.48 range it'll move up to 27.79 VERY fast. This stock is definitely an easy $40 dollar stock. SHORT TERM: I don't like the way this stock is looking for short term. It needs to squeeze and set some real support on this 10.54 mark before working it's way up to test that tough 17.49 resistance.
NASDAQ:DKNGLong
by KinCobalt
BUY THE DIP: Inflation Month Is Back. USDCAD Likely To Rise!As the eye can see, DXY is consolidating against all major currency pairs. Meaning its likely taking a slight breathing room before the major uptrend resumes. With the major CPI report due this week, all the eyes would be without a doubt on the numbers that would print. Anyhow there are two likely scenarios here that might take place and how it would affect the DXY: SCENARIO 1: CPI PRINTED AS EXPECTED If the CPI is printed as expected or slightly lower, it means that the FED'S weapon to lower the inflation is working slowly slowly however the numbers would still be considerably high near 8% YOY which is way way above FED'S target. This would mean that the FED might continue to raise rates to lower the inflation but not that aggressively. Meaning the DXY would still be more attractive compared to other currency long term. So its still bullish SCENARIO 2: CPI PRINTED HIGHER THAN EXPECTED If the CPI prints a lot higher than expected lets say it becomes 8.3% or higher, then we could practically assume that the FED'S tool is not working and they would likely take a more aggressive stance . The market's reaction at this point of time would be to BUY the DXY which would make the DXY appreciate. Of the above two scenarios, number 1 seems to be more likely and practical. Shall scenario 1 take place, we can expect the DXY to consolidate and give us a buying opportunity at a good price. TECHNICAL ANALYSIS ON USDCAD LONG TRADE Here we have USDCAD weekly chart, we can likely expect this pair to retrace lower which would give us an ideal entry before the major uptrend resumes. Kindly for the technical analysis have a look at the main chart. Trade Safely & Cautiously
Long
by FX618Analysis
Oil, limited bullish viewAt the beginning of November, oil prices formed a new higher low in the $82.00-$85.00 zone. Now we need to form a new higher high in the $97.50-$100.00 zone, and with that scenario, we would have confirmation of further oil price growth. Failure to break above the $95.00 level would mean a further pullback in oil prices and a new visit to the previous lower support zone of $75.00-$80.00. The Fibonacci setting shows that the current bullish pullback meets resistance at 38.% Fibonacci level, and we need a minimum move above the 50.0% Fibonacci level to move into a new longer-term bullish trend.
FX:USOIL
by Aleksin_Aleksandar
2
ROAD TO 200KHello Everyone, MrBanker is here. Today I present you a possible road to 200k for bitcoin. This chart shows multiple logarithmic-regression lines created from price-action data back from 2009. - The middle bold line indicates the fair value for bitcoin. - The lower part of this line is the undervalued bitcoin; indicating a possible accumulation zone. - The higher part of the line is the overvalued zone; indicating a possible distribution phase. During the latest Bull run in 2021, the price soared too fast for the price to reach higher logarithmic regression bands. Currently, the price is trading in a sideways movement which shows a balance between bears and bulls. As soon as the price reaches the 60-70k range back again, the media attention will be followed by a euphoric demand for bitcoin which will eventually push the price well over 100k+. During that time, take your profit in small proportions. Trade Safe, MrBanker
INDEX:BTCUSDLong
by Mr_Banker
5
A REALISTIC APPROACH TO 1000$ LINKHello Everyone, MrBanker is here. I present you with 3 ideas about how the LINK will reach 1000$. First Theory: - A 5 wave move is completed back in May 2021. Which also completed the 1st wave of the bigger degree. - The LINK is now showing a rather complex correction which is also an accumulation zone. - After this correction, we should observe a soaring move into 1000$ which will be only a fraction of the biggest 3rd Wave. Second Theory: - The indicator is especially customized for LINK in a Weekly timeframe. - According to this indicator, LINK had two major tops and four major bottoms. Which also indicates a buy zone for LINK at this moment. - For the LINK to reach 1000$ level, expect at least 1 year long minor bull and bear markets during that period. Which will be eventually shown in the custom made indicator. Third Theory: - Based on a realistic approach, LINK must first break through the ultimate resistance line starting from 2019. - The upcoming CCIP and Staking will be great catalysts for a major pump. Considering that almost every LINK owner is waiting for Staking which will reduce the circulating supply drastically and increase the demand for the token enormously. - By all these combinations of theories, LINK will definitely reach 1000 Dollars but the exact time is uncertain. Trade Safe, MrBanker
COINBASE:LINKUSDLong
by Mr_Banker
4
The market is ready to turn, will it?Analysis of the spx 500 index 10/27/22 Today we are here to talk about the SPX 500 index. And so let's see what happened to the index over the past day. What's on the market now: Today the index is trading at 3830. Yesterday we saw a stabilization in motion and a decline in the market, as I mentioned earlier idea link below. In the near future, I expect an attempt to develop a correction. Today I expect that the market will continue to develop a correction and reach its bottom at 3780-3750. However, if this attempt is broken, then the market will continue its growth, where you need to look for places to open short positions from the level of 3970. What I'm looking forward to today: Today, I continue to expect the beginning of a correction and an attempt by the market to go down to the level of 3750. However, the market also has the possibility of a sharp fall in the index, so long positions are prohibited. Here are my trading recommendations for today. What I recommend If you want to go short: Short positions are possible from 3950 which would be a perfect place to sell this week, limit your losses. If you want to go long: Long positions are prohibited, limit your losses. If you are out of the market: Long positions are possible from the level of 3750, but it is risky. If you want to open a short position, then it is better to do it from the level of 3970, limit your losses. Also remember to contact me in 2 or 3 days for further trading advice. Subscribe to my channel and you will always be aware of the movement of the S&P 500 index. Press your thumbs up. This will give me more motivation. See you next time! Bye!
SP:SPXShort
by kvatoo_FX
1
ALPHABET (GOOGL) 1D - Can BIG TECH FALL more in next quarter ? Holle Traders and Investors, You can see Q3 resuluts of Big tech companies reported during recent days. Despite Alphabet reported growth (small but important) market is pricing it as slow / negative. CEO pointed out possible declines in revenue with potential crisis. Could the following months be critical for further decline ? In my oppinion, Technical analysis shows it could be. But as usual it depends on the point of view of the observer and interpretation of TA. So take it with a grain of salt. The stock could fall another 30+ %. As long as the market gives as unclear signal we can come up with a strategy where the price could be interesting for us to BUY. I will watch long term supoorts around "Pre-Covid" prices + wait for RSI / MACD 1W convergce to chatch it as close to bottom as possible. Next 3 months could be very important. Do Your own homework before buying any stock ;) Trade and invest safe...
NASDAQ:GOOGLShort
by LongevityContrarian