✅EUR_USD TWO SCENARIOS|LONG🚀
✅EUR_USD is trading in a local uptrend
And the pair has formed a bullish pennant
Which is supposed to make us bullish
However, there is a strong horizontal level
Right above the pennant so while I am
Bullish biased I will wait for the breakout
To confirm or disprove my thesis
And only ater that I might enter the trade
LONG🚀
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Long-short
XAUUSD Long position Hello Dears
I think there is a zone to looking for a Long position on Gold...
Target of Last analysis for short has been touched. I am waiting to see reaction to the profit zone and want to enter a short position. approaching resistance lower than Profit zone will be the TP. then hopping in a Long with approval....
Wish the bests
InvestMate|S&P500 Trying to close the gap before falling📈📉📈📉S&P500 Trying to close the gap before falling.
📈📉Post is a direct continuation of the post in which I predicted the falls:
📈📉 Looks like the dips have arrived.
📈📉In order to continue the declines, the markets may play to close the downward gap before continuing the downward rally.
📈📉The downtrend gap coincides perfectly with the 0.382 level of the entire downtrend wave, increasing this probability.
📈📉Worth watching to see what happens after the close.
📈📉The scenario I am playing out is the closing of the down gap followed by a continuation of the decline.
🚀If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.🚀
#1 or #2? Or any other idea?| Your time is precious so I write concise and precise, feel free to ask for more |
So far, we have broken the support due to the FTX scandal, spending time here, and I am assuming two scenarios.
#1 With a motivating narrative/news, we will rise above the support and attract more funds to the crypto market.
#2 We will dump to the next support as the market continues to struggle in tandem with the unfavorable situation in the SPX500USD. As a result, I anticipate a good buying opportunity between 12K and 14K.
There are two yellow arrows there, which I believe will act as a liquidity pool and driving forces.
Do you consider any other possibilities? I would be happy to find out.
Wish you green
| Your time is precious so I write concise and precise, feel free to ask for more |
Tesla channel/trend analysisAs Per, CPI and PPI reports are causing a bear rally. NASDAQ:TSLA
Due to high Beta and Paired with TSLA now touching the lower channels of the trend, I believe we will see some short-term bullish action till new year.
If price action breaks $200 I believe we may see a rally towards $260-270.
Long term Bearish of course, like our last short any entry price above $250 is a good time to enter a short or long dated puts for exp in January/February.
Now is not the best time to short. You will find better entry points in the coming month. A rejection of $200 from this week means it could drop to demand zone at $140-160 but may be bought up and then a rally would resume.
Let's just keep this simple. The trend is your friend, but patience is key if you want a monster short ;)
Long -
Entry price : $170
TP 1 : $220
TP 2 : $260
TP 3 : $280
Short -
Entry price : $270
TP 1 : $220
TP 2 : $160
TP 3 : $140
Timeframe : 1-3 months, x2 trades, 100% max return goal.
(Disclaimer : not financial advice)
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!
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!!!
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
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.
A Brainstorm on BTC price movement in OctoberHi
I remember seeing the 19.150 price a lot this month. So I drew a line and checked how the price of BTC moved in relation to 19.150.
It is interesting to see that here are 6 very profitable trades formed this price. 4 long trades and 2 short trades. All with very little stop loss.
I might just play around and update this idea if I find something interesting.
Thanks for checking!
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.
Triangle pattern on XAUUSDI see this bearish channel and this downward triangle formed up at the end of it. Because of bearish type of channel, there is a high chance that price breaks the strong support and falls under it's monthly low.
But because of a 3 strike pattern that has been made just above the support line, there is also a high chance that price breaks the bearish trend line and after a Trading Range zone, will continue to rise and form a bullish channel.
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
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.