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Long-short

GOLD is STRONG BUY. As of now, Gold has broke the box again and currently on the breakout of going up again. However, it could be a fakeout and can meddle again in the zone, so please trade wisely. You might ask me is this even an Analysis? and yes. I keep it simple and straight. Gold is still fundamentally bullish as well because of the Russian-Ukraine War, plus the buyers are really strong. However I believe it could go down if something happens, but overall in all timeframes, Gold is a strong buy.
FXOPEN:XAUUSDLong
by nvrfxtrading
3
BTC Long or Short?Hey folks, happy weekends! BTC seems to be at a zone of strong resistance and this is an important decision point. Overall, BTC looks more bearish while there are some indicators that points to the bullish side such as the wyckoff distribution pattern. The RSI is currently oversold and we see whales dumping at the resistance line. ABCDE correction pattern also seems to be taking place in the bear flag that has formed. On the weekly timeframe, bitcoin looks really bullish and ready for a breakout and it does seem to be following the Wyckoff distribution pattern, but we also see a bearish RSI divergence on the weekly timeframe. For short term traders, it might be smart to sell now and buy in once it breaks above the resistance line. For long term traders, it's probably a good idea to just hold onto your bitcoin because it's going to go up eventually.
BYBIT:BTCUSD.P
by kenhuangsy2
AUDUSD lets see how it goesAUDUSD has gone past the downtrend channel and the counter downtrend channel after taking support over 3 times of the monthly support line. Now I'm looking for it to touch the trend line (0.7485) and maybe see a pull back of course after confirming a sell position (0.7440) and probably retest the counter upper channel. IF it's end up going past 0.7485 - 0.7490, then next stop will be .755- .756 Also RSI looking overbought (4H). But I rather stand on the sidelines to see how it plays out.
by PoisonDaddy
1
EURNZD| .618 Fibonacci| Bearish OB| Price Action| Trend Evening Traders, Today’s analysis – EURNZD – trading at the lows of an impulse sell where a rotation towards resistance if probable, Points to consider, - Price Action Impulsive - .618 Fibonacci Resistance - POC Resistance - Bearish OB Resistance - Volume Climax EURNZD’s immediate price action is trading at oversold conditions, a retest of the resistance area that has technical confluence with the .618 Fibonacci, POC and the Bearish OB, allows for a short bias. The current volume profile has a climatic node, indicative of a temporary bottom being in place. And oversold bounce is likely to get sold into as this is still technically a down trend. Overall, in my opinion, EURNZD is a valid short with defined risk, price action is to be used upon discretion/ management. Hope this analysis helps, Thank you for following my work And remember, “Genuine acceptance that there will be losses on your way to market success will greatly decrease the hurt when they eventually come.” ― yvan Byeajee
Short
by AzizKhanZamani
SHOP, Lots of long and short opportunities ! We keep it on watchSHOP is beautifully offering lots of long and short opportunities ! Are we prepared in advance ? Of course we are. SHOP has started new motive rally from 1005.14 on 26 Mar 2021 and so far has completed wave (1), wave 1, 2,3 and probably wave 4 of (3) and now is probably completing wave 5 of (3) which will terminate at two proposed strong resistances which are 1641 and 1710. After completing this up going wave, there will be a short opportunity to catch wave (4) down to 1405 , 1333 and 1260 corresponding to 0.382, 0.5 and 0.618 Fibonacci levels respectively.After that, another and last up going wave (5) will start. After making a new ATH , there will be a great short chance down to prices below 1000. Who wants to miss the chance? Please note that, this is the most probable scenario for now. Should it need any update, it will be done later. We are prepared in advance to make profit. We trade smartly and objectively. We see the chances but never jump into the trade blindly. Right?
NYSE:SHOP
by SaeedSajedi
24
ATOMUSDT .618 Fibonacci| Price action| Trend| Trade Evening Traders, Today’s analysis – ATOMUSDT- trading at a key trade location where a rotatin towards the highs is probable, Points to consider, - Price Action Corrective - .618 Fibonacci Support - Low Volume - Bullish Divergence ATOMUSDT’s immediate price action is trading at a key trade location that has technical support with the .618 Fibonacci, allowing for a bullish bias. The immediate target is the upside resistance, a rejection at this level is likely. The current volume profile is below average, an influx is likely on the next expansion. Overall, in my opinion, ATOMUSDT is a valid long with defined risk; price action is to be used upon discretion/ management. Hope this analysis helps, thank you for following my work And remember, “Confidence is not "I will profit on this trade." Confidence is "I will be fine if I don't profit from this trade.” ― Yvan Byeajee
Long
by AzizKhanZamani
1
AUDUSD : KEEP AN EYE ON IT Hello traders. AUDUSD has current formed a beautiful W structure. The price is currently testing the neckline resistance which is marked in red circle. From here the possible scenario could be: 1. If it rejects from the neckline, we can see a strong bullish move to the up side and we can book our profits as shown. 2. If it breaks the neckline, we can see a continued bearish more to fotm a triple bottom structure and then a huge bullish move. So what next? What for the price to finish its move near the neckline and act accordingly as said above in case 1 & case 2. For precision, trade entry in intraday time frames. Good luck for your profits. 👍
by Hrimkaar_ShivamJoshi