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AUDUSD Local S/R| Daily S/R| Price Action| Trend Evening Traders, Today’s analysis – AUDUSD – price action is trading towards a key trade location where a reversal is probable, Points to consider, - Price Action Impulsive - Local S/R Support - .618 Fibonacci Confluence - Low Volume - Trend AUDUSD’s immediate price action is trading impulsive and is trading at a trade location that is in confluence with the Local S/R and the .618 Fibonacci, allowing for a long bias. The current volume profile is below average, an influx is needed on the next expansion. The trend is current up with consecutive higher low, a continuation if more likely. Overall, in my opinion, AUDUSD 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, “All statistics have outliers. Money management, therefore, is key to the process of good trading.” ― Yvan Byeajee
Long
by The_Alchemist_Trader_
1
USDCHF Double Bottom, Swing Low, Price Action, Trend Evening Traders, Today’s analysis – USDCHF – trading at a potential double bottom formation where a bounce is probable, Points to consider, - Price Action Corrective - Double Bottom Support - Structural S/R Resistance - RSI Oversold USDCHF’s immediate price action is trading at a key location that has equal lows, allowing for a bullish bias. The Structural S/R is current resistance, testing this level is highly probable once a bounce get on the way. The current RSI is over-extended, a reversion it is mean is likely from current extended regions. Overall, in my opinion, USDCHF 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, “It’s OK to be wrong; it’s unforgivable to stay wrong
Long
by The_Alchemist_Trader_
1
Only shorts here are scalps for nowPlease remember this is only 1 hour time frame analysis In the hourly time frame we have seen a Blue Vector candle at the base of the short scalp. Target was hourly 50 ema so we were out before it flipped and turned Blue. Especially since the candle that took us to our target was a Red Vector. Now what does this mean? well for the hourly at least,price is likely to continue up on this rally, or at least try and retest recent highs. Now what that means for people trying to catch the "mother" short? It may just mean entry will be at a higher price. Since 110122 we have 5 short scalps one long scalp and currently the beginning of what may be a long for a bit based on Blue Vector at base. We are still overall Bearish I guess even though the chart is huffing and puffing as if it's seen Red. (Bullish) It is a case of how far up it can go before dropping. For this reason we keep minimum Sell limits on Gold at a time like this as there is a chance it can blow past all of them in an afternoon, activating and stopping them out as no one can stop Gold when its pumping hard. Just an update is what we bring I guess, and currently 1823,25, 27 and 28 have come good so far for short scalps. With this Blue going on we can see Gold maybe getting cheeky and doing a pump on a given day/week to take us to some of our higher entry prices. For that reason we are long until we see purple or we see some more Green Vector recovery of Red at higher level even on smaller time frames. We are still looking at the following levels for short scalps and still firmly believe that one of them will send price down below 1700 again with the right conditions and timing: 1830,1833 - 1835, 1840, 1845, 1847, 1850, 1856, 1864. (look out for the 200+ pip override fake out that happened in June and November) Any fake out override to the upside is still a great opportunity to ride longs but just know anything that is manipulated,especially must come down! Keep your short scalps disciplined until one of them isn't a scalp anymore and keep your long entries as low in the chart as possible, don't be greedy on Gold and trust your analysis and ignore the noise. Good luck guys! This is not financial advice ad should be taken with a pinch of salt
OANDA:XAUUSDLong
by Squeeezy-Trader
Bitcoin drop $ 41,800? Or $ 46,000?On this chart, we want to show you the possible outcome where the price can potentially direct. Many of you see this zone (channel / flat) It has boundaries: Upper limit: 44066-44180 Lower limit: 43518-43435 Going beyond these boundaries, as well as fixing the price above these price values (the price should remain above / below) on the 4-hour timeframe, will show you where the price will be go. There is no need to complicate trading, only to observe risk and money management. For those who know how to trade flat, we have not seen the best option in a narrow range for a long time. In our opinion, we expect the price to drop to 42000-41800. Because: This is a liquidity zone is a return of the price by 50% of the price movement - this is breaking a potential figure (cup) and collecting stop losses of those who trade with a 2-3x leverage with a large volume Also, given that the trend is downtrend (red resistance line) and in addition the expanding wedge of wave structure 1-5 should end Pc The only fact that we are given doubts is sentiment (most people short the market) and on the number of short stop losses, the price can lead to an impulse for our channel. Observe risk and money management. Trade only with stop loss and strong zones. Remember, the market loves to punish those who ignore it.
by AzurTrade
NEARUSDT Elliot Wave| ABC Correction| Price Action| Trend Evening Traders, Today’s analysis – NEARUSDT- trading in a potential Elliot Wave where a correction is probable, Points to consider, - Price Action Impulsive - Wave 5 Completion - ABC Correction - Low Volume - RSI Bullish Control NEARUSDT’s immediate price action is trading in an Elliot Wave structure completing a potential WAVE 5 for an ABC Correction. The current volume profile is below average, an influx is highly imminent on the next expansion. The RSI is current trading in its bullish control territory, breaking below its 50-Mid Line is indicative of weakness. Overall, in my opinion, NEARUSDT 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, “Accepting losses is the most important single investment device to insure safety of capital.” – Gerald M. Loeb
Short
by The_Alchemist_Trader_
8
$UVXY meltdown preparation *This is not financial advice, so trade at your own risks* *My team digs deep and finds stocks that are expected to perform well based off multiple confluences* *Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management* Some of you may have already noticed, but my team has taken this very bullish market day as an opportunity to close out the majority of our trades that trade with the $SPY. Our bullish stance on most of these companies still stand, but we just don't see any opportunities where we can capitalize and make a profit from them in the near-term. My team isn't against trading with the retail crowd, but we do not plan to rush to our deaths. Instead we will be investing our funds into a $SPY inverse ETF. Lucky for us this ETF is down -17% today because futures jumped so high today. This is simply our opinion. Feel free to hold on to your positions, you will be rewarded in the long-term. My team just expects further discounts on these companies in the next couple months. Closed Trades: $TLRY $CHPT $GORO $PINS $MU $BABA $FB $KOS $CLF $GE $SNE $TARA $LODE $MIRM $CINR Our Entry: $17 Take Profit: $28 If you want to see more, please like and follow us @SimplyShowMeTheMoney
CBOE:UVXYLong
by SimplyShowMeTheMoney
27
SOLUSDT Local S/R| .618 Fibonacci| Price Action| Trend Evening Traders, Today’s analysis – SOLUSDT – trading towards a key trade location where a bounce is probable, Points to consider, - Price Action Impulsive - Local S/R Support (.618 Fibonacci Confluence) - Low Volume - RSI Bullish Control Zone SOLUSDT’s immediate price action is impulsive and is trading towards its Local S/R that has technical confluence with the .618 Fibonacci, allowing for a bullish bias. The current volume profile is below average, an influx is highly needed for an expansion. The RSI is currently trading in its bullish control zone, remaining in these regions is indicative of strength. Overall, in my opinion, SOLUSDT 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, “Win, loss whatever emerges in the short-term, place and manage your next trades untouched, unattached... always keeping your eyes on the long-term picture.” ― Yvan Byeajee
Long
by The_Alchemist_Trader_
Long or Short on GOLD [NFP] ?Dear traders, First of all, I hope you are aware that NFP fundamental news will shake the market today. Therefore, don't risk too much, DO NOT SCALP NEWS, manage your risk properly and better stay off the market. My view on Gold from a market structure perspective: Gold has been respecting supply and demand zones perfectly and the only demand zone left behind (which has not been mitigated) is the 3H demand zone. Overall direction for gold is bullish and in my humble opinion, the price will reach above 1834 (at least). The only question is - Is it going up before or after testing that demand zone? On the way up there's a tiny 3H supply as well. From which I'm expecting a short term sell. It's important to monitor and see, which comes first. Indeed all these zones will be tested. We just need to patiently wait and react when the opportunity is there. Good Luck and a Happy Profitable Year to all of you! DISCIPLINE Strive for patience, perseverance, determination, & rational action. Limit your losses, use stops. Never cancel a stop loss order after you have placed it! It's just an idea of mine. However, everyone can share their thoughts in the comment section below. Also, don't forget to support me! :) Disclaimer: Trade at your own risk. I'm sharing my ideas and not giving trading advice. Always plan your trade and trade your plan.
OANDA:XAUUSD
by d13wish
3
SENATE Range High| .618 Fiboancci| Price Action| Trend Evening Traders, Today’s analysis – SENATE – trading at a key trade location where an impulse to the highs is probable, Points to consider, - Price Action Corrective - Range High Support - Swing High Objective - Low Volume SENATE’s immediate price action is trading at the Range High that is in confluence with the VWAP S/R and the .618 Fiboancci, allowing for a bullish bias. The Immidiate objective is the Swing High, exceeding this level will lead to a trend continuation. The current volume profile is below average, an influx is highly imminent when testing a key trade location. Overall, in my opinion, SENATE 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, Timing, perseverance, and ten years of trying will eventually make you look like an overnight success. – Biz Stone
SLong
by The_Alchemist_Trader_
1