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Silver is in the bullish trend after testing supportHello Traders In This Chart XAGUSD HOURLY Forex Forecast By FOREX PLANET today XAGUSD analysis 👆 🟢This Chart includes_ (XAGUSD market update) 🟢What is The Next Opportunity on XAGUSD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
OANDA:XAGUSDLong
by ForexMasters2000
USDCHF Will be in bullish direction after double bottom formatioHello Traders In This Chart USDCHF HOURLY Forex Forecast By FOREX PLANET today USDCHF analysis 👆 🟢This Chart includes_ (USDCHF market update) 🟢What is The Next Opportunity on USDCHF Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Chart
Long
by ForexMasters2000
MSFT has room to the daily 50 SMA.NASDAQ:MSFT daily chart shows consolidation just below the daily 50 and 65 EMAs. If MSFT can confirm this daily supply to the upside, there is significant space on the chart up to the daily 50 SMA, which gives this trade a large measured potential. Many NASDAQ:QQQ names have reclaimed their daily 50 SMAs, and as long as the index continues to build above its daily 50 SMA, MSFT is likely to catch up. As MSFT is a thinner name, this trade will be more likely to work during the morning trading session when liquidity is higher.
NASDAQ:MSFTLong
by DMT_Doctor
BANKNIFTY Podcast 21 Aug 2024Totally two trades taken. First was based on Gap Up/Down Strategy, it didn't hit the 1:1 target, however I noticed another podcast trade and entered with the same PE and closed both the trades. Notes: - Since today was expiry of BankNifty, if Credit Spread was taken on the first trade itself, the profits would've been achieved even if it didn't the 1:1 Target - After the second trade, there was another trade which was being setup, but since the OI data was negative, so didn't give much attention. Although based on the setup, I could've taken with 50% risk with Credit Spread ;)
NSE:BANKNIFTYShort
by gupshupblog
Bitcoin Analysis==>>FallingBitcoin was rejected from the Resistance zone($58,500-$57,000) , 50_SMA(Daily) , Upper line of the Ascending channel , and Potential Reversal Zone(PRZ) . I expect Bitcoin to Go down to at least the lower line of the ascending channel , and maybe Bitcoin will break the support zones . Note: If Bitcoin goes over $63,000, we should wait for Bitcoin to pump to $65,000 (at least). Bitcoin Analyze (BTCUSDT), 1-hour time frame⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
19
XRP: Sell stop 1. Key Zones (Support and Resistance) - Resistance Zone: At the top of the chart, a zone around 0.6088 is marked as a strong resistance level. This level shows where the market previously attempted to break through but failed. - Middle Zone: This area around 0.5796 acts as a key support and resistance level. It can be a critical zone for market decisions. - Support Zone: At the bottom of the chart, a support level is marked around 0.5525, which may prevent the price from falling further. 2. Trade Entry Signal - Red Zones (Supply Block): In this chart, a red area represents a short-term supply and resistance zone. Entering a short trade is reasonable if the price fails to break this zone and moves downward. - Entry Point: 📉 The entry for the trade is suggested at 0.5917, which aligns with the supply and resistance block, making it a suitable point for initiating a short position. - Stop Loss: 🚨 The stop loss is set at 0.5974, indicating that if the price reaches this level, the trade would be invalidated, and the trader should exit. - TP1, TP2, TP3 (Target Prices): - TP1 is set at 0.5844, which is the first target for taking profit from the short trade. - TP2 is set at 0.5764, marking the second target. - TP3 is set at 0.5680, which is the final target for closing the short position. 3. Confirmation or Invalidation of Analysis - If the price moves upward and breaks the red resistance zone, reaching above 0.5974, the short trade setup would be invalidated, and traders should reconsider their strategy. Conclusion: Based on this chart, there is a clear signal for entering a short trade with an entry at 0.5917 📉 and a stop loss at 0.5974 🚨. If the price moves downward, the identified target prices (TP1, TP2, TP3) provide potential exit points for taking profits.
Short
by ahmadarz
2
How to measure a true range in any asset!Hello to everyone familiar with ICT concepts! If you already understand breakers, order blocks, and the principles of price premiums and discounts, you're in the right place. I’m excited to share some insights with you, using the FOREXCOM:EURUSD chart from August 20th, 2024. One challenge I've always faced is accurately measuring the true range. It often feels like price moves towards balance, finding equilibrium before moving away again. ICT's teachings on this topic can sometimes be a bit vague, especially when it comes to the details of whether to measure wicks or focus solely on candlestick bodies. However, I’ve recently made a breakthrough and discovered the key to accurately measuring a true range! This knowledge aligns with the idea of balances, but it’s crucial to understand that when one algorithm meets another, neither has the power to deviate far from the current price. But that's not what we need to focus on. What truly matters is identifying when the price is moving away from its current state. This method works exceptionally well during trending markets, like we’ve seen recently with #EURUSD, #GBPUSD, and other forex pairs. It’s also effective in commodities like Gold, indices such as #NQ, #YM, #ES, and even in the crypto markets! Take yesterday's trend in EURUSD, for example. We saw a significant 5-15 minute trend where the price perfectly retraced to its 50% level. But how did I know where to start measuring? This time, I used a breaker from a different structure on the 15-minute chart to identify the key level. The answer lies in understanding breakers, order blocks, and supporting structures. If this topic resonates with you, I’d love to hear your thoughts! Let’s dive deeper together—there’s so much more to explore. Feel free to share your insights or reach out if you’re curious about how to apply these concepts more effectively EURUSD 21.08.2024 10:11
Education
by iochkirill
ASX futures snap 9-day streak, further downside loomsYesterday I outlined why I was suspicious of the ASX 200 rally, and today I see it has now retraced. The ASX 200 futures market snapped an 11-day streak after forming a bearish pinbar perfectly at a 78.6% Fibonacci level, below the 8,000 handle. Volumes have been declining during the entire ‘rally’ which shows a lack of bullish enthusiasm, and potentially points to a deeper pullback. A bearish trend has developed on the 1-hour chart, and the support zone ~7917/25 has now been respected as resistance. The bias is to fade into rallies towards that resistance zone in anticipation of a move down to 7860.
ASX24:AP1!Short
by CityIndex
$vix about to explode higher againMost people think that because we had a vix spike in early August and that stocks are now near all-time-highs, we're going back to a short volatility and long equity environment. However, I think this time is different. From a technical perspective, we've been consolidating in falling wedge since the move higher in March 2008 and the move on August 5th setoff the 3rd touch of the top of the trend line. On the chart, that's price rejecting the $56.55 level. Now vix has gone back to the support it broke out from and looks set to make another run at the highs. Because the trend line has already been tested multiple times, I think it's likely that on this next test of that resistance level, it'll break through and surge higher. I don't know what the cause of the surge higher will be, but from the chart, it looks like we're about to have a larger vix explosion than we had in 2008, 2020, and august 5th. Time to pay attention and protect your gains if you've been long. I don't think there's recovering in the near term from what's about to happen to markets.
TVC:VIXLong
by benjihyam
19
NVDA reclaimed the daily 50 SMA along with QQQ.NASDAQ:NVDA broke out of a wedge consolidation at $109 earlier this week and has closed above the daily 50 SMA, along with NASDAQ:QQQ and many other technology leaders. There has been a shift in market tone since the jobs report last Thursday, 8/8. Since then, all data points have been bought by the bulls, and QQQ reclaimed the daily 10 SMA, giving signs that the bull-thesis was valid. The longer QQQ and other major technology names build above the daily 50 SMA, the more likely they are to continue higher.
NASDAQ:NVDALong
by DMT_Doctor
6