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📉🐻 Cracking the Code: EURUSD Bearish Setup 📉🐻Traders, get ready for an enticing opportunity as we unveil a compelling bearish setup on the EURUSD pair, observed on the 1-hour timeframe. It's time to crack the code and capitalize on a potential sell signal, driven by the breakdown of an asymmetrical triangle pattern. Our journey begins with the recognition of this pattern, characterized by lower highs and a relatively horizontal support line. The recent breakdown of this triangle pattern signals a shift in market dynamics, with the bears taking control. For optimal entry, we suggest waiting for a retest of the previous support level, now turning into resistance around the 1.07000 mark. This retest presents a favorable opportunity to join the downtrend at an optimal price level. To manage risk effectively, it is recommended to set a stop loss above 1.07100, safeguarding against unexpected market fluctuations. With risk under control, we can focus on our profit targets. The first target lies at the minor resistance level of 1.06545, providing an opportunity to secure gains along the way. The ultimate target is set at 1.06200, aligning with the bearish sentiment and offering further potential for profit realization. Trading with the trend can significantly enhance the probability of success, and in this case, the trend continuation pattern of the breakdown presents a high probability opportunity. Additionally, the bullish momentum observed in the dollar index further strengthens the case for a bearish bias on the EURUSD pair. Get ready to ride the momentum and embrace this bearish setup. Stay attuned to market developments and adapt your strategy accordingly as the trade progresses. Don't forget to press the like button if you think this insight was helpful !📉🐻💪
Short
by Thomas_Zito
1
XAU/USD Swing Trade PlanHello Guys. Hope you have good times and great trades too! Today i'm going to explain why GOLD will fall to at least 1930 in coming days. First of all as you can see in my chart we see a strong Bearish Divergence Between RSI and price in Daily TF , that i show them with white lines. Next , We can see a Evening Star Pattern in this strong Resistance level(2050 $). After that we pass through 20 and 50 MA 's and according to Pullback to MA50 , I personally predict we can continue downside. as you can see we have a trendline base don the pervious two bottoms. And this Trendline Overlap with MA100(Green line). So i think this is the first Target for the price in the way of going down. For later happenings we should follow chart and see what candles shape in this area. But Don't forget to SET a Good Stoploss in Lower timeframe , if you want to catch this Fish :) Hope you Enjoy my opinion and PLEASE Share me your idea in comments , Let me Learn something from you. THANKS all my friends. Good Luck.
FXOPEN:XAUUSDShort
by TraderAmin-KZ
6
Stop Losses: A Trader's Best DefenseIn a perfect world, every trade would go our way, but alas this is usually not the case. A stop loss is a risk management tool used by traders and investors to minimize their losses when trading. It is a predetermined price level at which a trader's position will automatically exit the market, causing the loss to be realized. Stop losses are crucial to any trading strategy, as they help traders limit their losses and stay disciplined. In this blog, we will look at what stop losses are, why they are important, how to set realistic stop losses, and five different examples of stop losses with a description of how to set the stop loss. What are Stop Losses? A stop loss is an order to sell a security when it reaches a particular price. It is a predetermined price level at which a trader's position will automatically exit the market, causing the loss to be realized. This means that if the price of the security falls to the stop loss level, the trader's position is automatically closed, and any losses incurred are limited to that level. Stop losses are essential because they help traders limit their losses and stay disciplined. Why are Stop Losses Important? Stop losses are important because they help traders limit their losses and stay disciplined. In trading, it is easy to become emotional and let your losses run. Stop losses help traders avoid this situation by automatically exiting the market when the price reaches a predetermined level. This ensures that losses are limited, and traders can move on to the next trade without being emotionally affected by the previous loss. Setting Realistic Stop Losses Setting realistic stop losses is crucial to any trading strategy. A trader needs to consider the volatility of the security, the trading style, and the risk-reward ratio when setting stop losses. The stop loss should be set at a level where the loss is acceptable but not too close to the current price level, as this may result in the stop loss being triggered prematurely. A stop loss should also not be set too far away from the current price level, as this may result in the trader losing more than they are willing to risk. Stop Loss Examples Below we will list five examples of setting effective stop losses. For consistency, we are going to use the same long stop loss example, but these same examples can be set for stop losses for short positions as well. Percentage-Based Stop Loss: A percentage-based stop loss is a stop loss that is set at a specific percentage below the purchase price. For example, if a trader wants to place a long at $0.088602 and sets a 0.5% stop loss, the stop loss would be triggered at $0.88160. For a short stop loss at 0.5%, you would add the value instead and have a 0.89035 stop loss. To set a percentage-based stop loss, the trader needs to determine the percentage they are willing to risk and place the stop loss order at that level. ATR-Based Stop Loss: An ATR-based stop loss is a stop loss that is set based on the average true range of the security. The average true range is a measure of volatility and is calculated by taking the average of the high and low prices for a particular period. To set an ATR-based stop loss, the trader needs to determine the number of ATRs they are willing to risk and place the stop loss order at that level. For a long stop loss, you would subtract the ATR times its multiplier from the current price. For a short-stop loss, you would add the ATR times its multiplier to the current price. The unique upside to this stop-loss style is the ATR accounts for market volatility which can aid your risk management and help set more appropriate stop losses. Using Moving Averages or Super Trend: Moving averages and super trend are technical indicators that can be used to set stop losses. Moving averages are calculated by taking the average price over a specific period, while the super trend is a trend-following indicator that uses the average true range to calculate the stop loss level. To set a stop loss using moving averages or super trend, the trader needs to identify the period and place the stop loss order at the appropriate level. The Moving Average or Supertrend can then act as a moving stop loss as it trails the price. 1. Moving Average: 2. SuperTrend: Donchian Channels: Donchian channels are a technical indicator that can be used to set stop losses. Donchian channels are created by taking the highest high and lowest low over a specific period and plotting them on a chart. To set a stop loss using Donchian channels, the trader needs to identify the period and place the stop loss order at the appropriate level. In the example below we use a more standard 20-period Donchian level to identify areas of lowest low interest that would be a good place for a stop loss. If we were setting a short order we would look to recent highest highs as potential stop-loss areas Conclusion Stop losses are crucial to any trading strategy, as they help traders limit their losses and stay disciplined. When setting stop losses, traders need to consider the volatility of the security, the trading style, and the risk-reward ratio. Stop losses can be set using many different techniques, including percentage-based, ATR-based, using moving averages or super trend, and Donchian channels. By setting realistic stop losses, traders can minimize their losses and stay disciplined, which is essential for long-term success in trading.
MEducation
by LeafAlgo
40
JKS - It's a challenging uphill battle!Breaking the recent downward trend will be a challenging task, despite our strong support. Currently, we are below both the 200-day moving average (turquoise line) and the 50-day moving average (gray line), and we also need to surpass the RSI 50 level to initiate a strengthening. If the upward movement begins, we will face resistance at the 50-day moving average around 47, the upper Bollinger Band at 48.5, and the 200-day moving average and RSI 70 level at 50.50 (three red circle). Since the $50 price level is also a psychological barrier, I don't believe we can rise above it without a strong catalyst. Despite robust revenue growth, any potential issues with US authorities could force the stock to trade sideways within the range of 42-50.
NYSE:JKS
by BostonTrendLab
AMZN - a short short is coming?In recent times, the stock price has been increasing exponentially, but it appears that the RSI level of 70 (purple line) has halted the upward momentum. If the uncertain market sentiment continues, the stock may weaken towards the lower Bollinger Band (orange line) and the 50-day moving average (gray line), reaching approximately 107-108 (green circle). It is important to note that during this period, the 200-day moving average around 104 (turquoise line) and later the lower RSI level, in the case of a steady decline, at approximately 100, could provide support for the stock price. However, everything can be overridden by the debt ceiling agreement and the FOMC meeting, of course.
NASDAQ:AMZNShort
by BostonTrendLab
UPST - will it succeed in breaking up?UPST formed a double bottom base over the last 6 months with a horizontal neckline at 26 The odds of a successful breakup has increased this time owing to the overall market strength. A daily CLOSE above could be significant as it has not been able to so for the past 6 months. Other factors increasing optimism (of a successful break in the near future) is some strong volume accumulation since it's earnings beat on 10th May, gapping up strongly and only partially filled before propelling higher. Most likely this is a breakaway gap - signifying trend reversal (ie, from down to up) that will not be filled anytime soon. Also, it's 200 day moving average has already flattened out and the stock is now trading well above it. Bear in mind that stocks priced below $50 could have a lot more volatility on it's daily movement (both ways) and trailing stops need to cater for that. Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
NASDAQ:UPSTLong
by Juliac
$BTC #Bitcoin Quarterly Moving AveragesUnfortunately, despite what I would personally love to believe and what you might believe, we are still very much in a bear market. You can see in this chart that in any bull market, we remained above the 720 Day MA. As of now we have not been able to get back above it. The positive note here is that the lower timeframe MA's have all begun to cross upward, to hopefully move back above the 720D, but until price and the lower timeframe MA's move above it, we will not be in a true bull market and can expect a revisit of the lows. IMO NFA DYOR #AirCoin
BITSTAMP:BTCUSD
by DoozerInvest
PLTR - breaking out from base PLTR had been basing in the past 1 year and is now attempting to break out above the neckline @ 11.62. During this basing, there were some strong volume accumulation in Feb and then again in May (both times earnings inspired). A breakup on strong volume is always desirable and increased the odds of a sustainable rise, with near term target @ 14.50 (and good odds to rise further eventually). Any near term retracement after the breakup should ideally not bring it back below 11.60, as this would affirm that the neckline has then become the new support as it begins to trend. Whether this will happen remains to be seen though, and a "breakup and retest" (if it happens) will offer a lower risk opportunity to Long the stock close to neckline with initial stop loss placed slightly below. Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
PLong
by Juliac
NFLX - uptrending along rising trendlineSince breaking up a base formation neckline @ 252, NFLX had began a rather choppy rise with moderately deep pullbacks. Longer term trader could place trailing stops slightly below the rising trendline for now and until such times when this trendline becomes irrelevant. This bull could have some way to go. Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
NASDAQ:NFLXLong
by Juliac
3
NQ - Bull intact but approaching near term resistence Despite a generally choppy market since February this year, Nasdaq had a Golden Cross on 13 March which turned out to be sustainable and some encouraging signs are also observed since: 1. NQ began to lead the other indices (namely SPX and IWM), a sign of a "risk off" sentiment as it means more money had been piling back into "riskier" tech & discretionary stocks 2. NQ had stayed above it's 50 day moving average (> 2 months now) with rather "shallow" retracements no more than 38% of each mini swing. 3. However, SPX was mostly stuck in a range for the past 1.5 months (despite being above it's 200 day MA), hence it can still make trading the wrong stocks rather frustrating. 4. IWM (Russell 2000, ie., small caps) has been the laggard, still unable to rise (much, if at all). This is normal during an "early" bull market. Small caps usually begin to rise in a more sustainable manner when the bull market is well underway, and should they start to get extremely bullish, then it is usually a sign that a market top might be in the horizon. Now that Nasdaq has been taking leadership (especially the FAANGS) for the past 2 months+, the sentiment remains sanguine. Some caution now as it is approaching a critical resistence zone 13650 - 13720 (prior peak in Aug2022), and some pullback in the near term will not be too surprising The depth of the next retracement going forward will give a clue if the uptrend is still intact. Should NQ be able to clear this resistence zone (13720) eventually, then the overall market sentiment could get a good boost (including the small caps). Perhaps the resolution of the Debt Ceiling could be the catalyst? But until then. Just my take. Let's see :) Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
NASDAQ:NDX
by Juliac
2
The Honey Chai RSI InidcatorHere is a fun new way to view the RSI. A new TradingView Indicator for you RSI enthusiasts. This is the Honey Chai RSI Indicator. This indicator combines the RSI oscillator with additional features to enhance its functionality and visual study. The purpose of this indicator is to provide a more comprehensive view of the RSI and aid in identifying trends, potential entry / exit points, and ranging conditions. How it's Built. The RSI: The RSI is represented by its common line which you can turn on and off, as usual. Japanese candlesticks: In this indicator, are also Japanese candlesticks giving you their representation of the RSI. This provides a clearer visualization of the RSI movements across its Open, High, Low, and Close, unlike the OHLC of the Heiken Ashi candles in the Heiken Ashi Algo. In addition to the RSI line and Japanese candles, there are two moving averages applied to the RSI value. For the purpose of keeping with my CoffeeShop theme, the High average line is the Honey Line and the Low average line is the Chai Line. The user can choose between Exponential Moving Average or Simple Moving average. These moving averages are calculated based on the high vs low values of the past RSI readings, with the high average acting as the leading line. When the Honey line is above theChai Line, it indicates an uptrend, whereas when the Honey Line is below the Chai Line, it suggests a downtrend. If the price is moving up but the Honey line is still below the Chai line, you're technically still in a downtrend and you should trade this like a pullback. Identifying Trends. To identify short entries, you need to wait for the Japanese candles to open and close below the Honey line while the Honey line is below the Chai Line. Conversely, you wait for the Japanese candles to open and close above the Honey line while the Honey line is above the Chai Line. This confirmation helps in identifying potential reversal points. Range Bound Market. The indicator also incorporates a visual representation of a ranging area. The 60 and 40 levels of the RSI are visually differentiated to indicate this range. When the Japanese candles are opening and closing within this range and the RSI remains contained within these levels, it suggests that the price is likely in a ranging phase, and traders should wait for a breakout from this range before taking action. In summary, this custom indicator provides a comprehensive view of the RSI oscillator by incorporating Japanese candlestick visuals, moving averages, and a visual representation of the ranging area. By analyzing these elements, traders can gain insights into trends, potential entry points, and ranging conditions in the market. All the parts Downtrend Example Ranging Market HOW TO TRADE LONGS AND SHORTS An example on how to use this in a long trade is to wait for your moving averages to be high (yellow) over low (orange). For the purpose of the description in this indicator you're looking for the honey to be over the chai. Even if the RSI and Japanese candles in the oscillator are falling, however the honey is above the Chai, you are still in an uptrend. The positioning of the moving averages will always determine the direction of the overall price trend so in this position you're looking for long entries. take a long position as an entry when the open and the close of the Japanese candle in the oscillator is above your honey line. when you notice a bearish candle closing below the honey line in an uptrend position you can exit your trade. Confluence for short trades would be just the opposite and using the moving averages in an upside down pattern. In other words the honey needs to be below the chai and your Japanese candle needs to be closing bearish however they open and the close of that candle needs to be below both of your moving averages. exit when you get a bullish candle closing in between the averages. TRADING RANGES Wait for your moving average to enter into the range bound 60/40 area as well as your Japanese candles to Wick above and below this area but not close above and below the area. At this point you can mark off the high and the low of the range as it pertains to your price chart and start using your range trading strategy.
by CoffeeshopCrypto
4
Trade Analysis: $PEPEPEPE has had its short time in the spotlight after crashing 72% from its all-time high- which doesn't mean much for a coin that has only existed for a few weeks. But we're not going to get into the ethics of meme coins in this post, so we'll table that thought and let you wrestle with it. Our goal in this post is to help you understand how to use our "TBO" indicator to recognize where trends begin, signs of when it would be wise to take profits, glaring signs of bearish sentiment, and how to identify re-entry points. #1: "TBO" Open Long (green triangle) signals a confirmation of an uptrend, measuring 1275% from Open Long to all-time high. #2: on faster time frames (like the 4-hour), it's important to understand that faster doesn't equal stronger. In fact, it's the opposite when it comes to indicators. Longer time frames are stronger with indicators, but faster time frames give earlier warning signs and alerts. With that said, when the price is stuck sideways, eventually a red line from the "TBO" will be printed, indicating "TBO" Resistance. These can be considered early take profit warnings/suggestions. #3: whenever the price exits below the "TBO" Cloud, consider it strongly bearish. Usually these piercing events will be quick and fast, and bounce back into the "TBO" Cloud (as we see here on the chart. #4: the red X is the "TBO" Cross Down symbol, forewarning that a bearish cross to the down side could be coming soon (which was accurately indicated). #5: the pink triangle is the "TBO" Open Short, which confirms the bearish trend. Note that Open Longs and Open Shorts will typically be quite late to the trend. Their purpose isn't to give an early warning about a new trend, but to confirm the trend. #6: lastly, for those who are risk-averse, we can use the green "TBO" Support line to identify future support and areas where the price might bounce. While the price did bounce about 12% off the "TBO" Support line, we have to remember that the 4-hour time frame is fast, and therefore weak. We hope that this explanation of the "TBO" in action on PEPE will help some of you understand the power behind this seemingly simple indicator!
Short
by thebettertraders
HSY - Bull FlagHSY emerged from an 11-month sideway consolidation on 15th March and began a strong uptrend since. A bull flag is now apparent there could be opportunity to trade the breakup (if it materialises). However, the trend is rather extended at the moment hence it is prudent to trade a smaller size at this juncture. Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
NYSE:HSYLong
by Juliac
GOOG - Golden Cross in the horizon?GOOG hit into a long term support zone (83-85) on 3 Nov22 and began to form complex basing formation in the past 5 months (with some similarities to Wyckoff Accumulation Pattern). It now appears to be getting close to embarking on a more sustainable uptrend in the near future, perhaps Earnings expected on 24th of this month could be the catalyst? Signs favoring the beginning of a sustainable trend: 1. Stock is now above the 200 day MA that has begun to flatten out 2. recent pullback was shallow (38.2 % retraement of it's most recent AB swing) 3. which was also a retest of the 200 day MA and suggested this MA is likely now a near term support (100-102). It is now on the verge of retesting the high of 108.80 (the original breakup of the 200 day MA that subsequently failed) and the odds are getting better that it could break above within the next few days or week. Let's see if this works out! Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
NASDAQ:GOOGLong
by Juliac
Unlocking the Power of Volume: Combining Volume with TAIn our previous blog posts, we explored the importance of volume analysis in understanding indicators that can be used for volume analysis. Today, we'll delve deeper into how combining volume analysis with technical analysis can provide valuable insights for traders and investors alike. We will do so by laying out a strategy that anyone can use that will utilize volume. The Significance of Volume in Technical Analysis We have previously discussed how volume plays a crucial role in technical analysis. It is essential to examine volume patterns alongside price action, as it helps traders determine liquidity and identify potential trading opportunities. When combined with technical indicators, volume offers a more comprehensive view of market activity and can enhance decision-making in trading. Indicators to Combine with Volume Analysis Here are some popular technical indicators that traders can use in conjunction with volume analysis: 1. Moving Averages Moving averages (MAs) are one of the most widely used technical indicators, as they help traders identify trends and potential support and resistance levels. The two most commonly used moving averages are simple moving averages (SMA) and exponential moving averages (EMA). We'll use a short-term EMA (e.g., 9-day EMA) and a long-term EMA (e.g., 21-day EMA) for a strategy later in this post. 2. Relative Strength Index (RSI) The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. It ranges from 0 to 100, with readings below 30 indicating oversold conditions and readings above 70 indicating overbought conditions. The RSI can help traders identify potential trend reversals and entry/exit points. The Strategy That Incorporates Volume 1. Identify Trend Direction First, apply the 9-day EMA(shown in white) and the 21-day EMA(shown in purple) to your price chart. The trend direction is determined by the relationship between the two moving averages: Uptrend: The 9-day EMA is above the 21-day EMA Downtrend: The 9-day EMA is below the 21-day EMA Sideways: The moving averages are intertwined, with no clear direction 2. Confirm Trend Strength with RSI Apply the RSI to your chart, and use the 30 and 70 levels as reference points: For uptrends, look for the RSI to stay above 30 and preferably above 50. For downtrends, look for the RSI to stay below 70 and preferably below 50. 3. Analyze Trading Volume Compare the volume levels during the trend to the average volume over a specific period of your choosing using your desired volume indicator (see previous post on volume indicators). If the volume is above average during the trend or is rising, it confirms its strength. Conversely, a decreasing volume may signal a weakening trend or a potential reversal. 4. Entry and Exit Points Long Entry: In an uptrend, look for the RSI to pull back below 50, and then cross back above it. Confirm the entry with increasing trading volume. This indicates a potential buying opportunity. Short Entry: In a downtrend, look for the RSI to pull back above 50 and then cross back below it. Confirm the entry with increasing trading volume. This indicates a potential selling opportunity. Exit Points: Use the moving averages as trailing stop-loss levels. For long positions, exit when the 9-day EMA crosses below the 21-day EMA. For short positions, exit when the 9-day EMA crosses above the 21-day EMA. Practical Tips for Combining Volume with Technical Analysis Here are some practical tips for effectively integrating volume analysis with technical indicators: 1. Use Multiple Timeframes Analyze volume patterns and technical indicators across different timeframes to identify potential trends and reversals more accurately. We always recommend a top-down time frame approach, starting at higher time frames and working down to your desired time frame for entries. 2. Look for Volume Confirmation When a technical indicator signals a potential trading opportunity, confirm it with volume analysis to ensure the move is supported by strong market activity. 3. Monitor Divergences Divergences between volume and price action can signal potential trend reversals or continuations. Keep an eye on these discrepancies to make informed trading decisions. Conclusion: Combining volume analysis with technical indicators can help traders and investors make more informed decisions about market trends and potential trading opportunities. By understanding the relationship between volume and price action and incorporating this knowledge with technical analysis, traders can unlock powerful insights and enhance their overall trading strategy.
Education
by LeafAlgo
Trailing Stop Loss Explained Trading orders known as "trailing stops" enable investors to control their losses while also perhaps locking in profits as a deal goes in their favor. An instruction to sell a security after it reaches a specific price is the same as a conventional stop-loss order, which is identical to a trailing stop. A trailing stop, on the other hand, has an extra feature that enables it to move with the security's market price rather than being fixed at a particular price. The stop-loss order will be triggered at a certain percent or dollar amount below the current market price when an investor sets a trailing stop. The trailing stop "trails" behind the market price of the security as it increases, retaining the same percentage or amount below the current price. The trailing stop stays in place if the market price drops further until it is activated by the predetermined percentage or dollar amount below the new market price. An investor may be able to secure their gains on a profitable trade by employing a trailing stop, as well as reduce their losses on a losing investment. It can be particularly helpful for traders who want to let their profits grow but also want to make sure they don't give back a significant portion of their earnings if the market swings against them. Technical analysis, which involves utilizing charts and indicators to examine historical price and volume data in order to spot patterns and make trading choices, is frequently used in conjunction with trailing stops. Several of the following indicators can be used as trailing stops: 🔹Moving Averages: The average price of a security over a given time period is calculated using moving averages. The stop loss can be set at a certain percentage or dollar amount below the moving average by traders who want to utilize moving averages as a trailing stop. The stop loss will go up with the moving average as the price of the security increases, helping to lock in profits. 🔹Technical indication known as the Parabolic SAR (Stop and Reverse) can be used to set a trailing stop. Based on the trend, it produces points on a chart that show where the stop loss should be placed. The SAR points get closer to the price as the trend continues, which can help safeguard gains and reduce losses. 🔹A technical indicator that gauges a security's volatility is called the average true range (ATR). By multiplying the ATR by a specific multiple (such 2 or 3), subtracting the result from the current price, traders can utilize the ATR to set a trailing stop. This will establish a stop loss that is modified based on the volatility of the security, assisting in protecting profits and limiting losses. 🔹Bollinger Bands: Bollinger Bands are a technical indicator that consists of a moving average and two lines that are plotted two standard deviations away from the moving average. Traders can use the upper or lower band as a trailing stop, depending on whether they are long or short on the security. As the price moves in the desired direction, the stop loss will move along with the upper or lower band, helping to lock in profits.
PEPPERSTONE:XAUUSDEducation
by ChristopherDownie