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Priceactiontrading

DOLLAR INDEX (DXY) Consolidation and Indecision 💵 As we earlier discussed, Dollar index reached a major weekly structure resistance. The price is coiling on that for a couple of days already. Analyzing a daily time frame, I spotted a classic inside bar formation. Technically speaking daily candles are currently trading within the range of the 28th of April candle. It looks like the market participants are waiting for some trigger and currently are very indecisive. To clarify the future direction of the market, wait for a breakout of the underlined range (you need a daily candle close above/below to confirm the breakout). If the price breaks the lower boundary of the range, I will expect a correctional move to 101.5 structure. If the price breaks its upper boundary, I will expect a bullish continuation to 105.0 level. Let's see what will happen. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
TVC:DXYShort
by VasilyTrader
42
EURCAD: Bearish Trend Continuation 🇪🇺🇨🇦 Hey traders, EURCAD is trading in a bearish trend. Setting a new structure low last week, the pair retraced to strong resistance. On that, the price formed multiple dodji candles, and then the pair formed a double top formation. Its neckline breakout confirms a highly probable bearish continuation. I expect a down move to 1.34 ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Short
by VasilyTrader
3
Copper: Bullish Move From Key Level Copper reached a very peculiar confluence zone: we see a perfect match between a horizontal daily demand area, 618 and 786 retracement levels of the last two bullish impulses. Analyzing the candlesticks, we may spot a nice dodji candle being formed on that structure. Then, analyzing an intraday perspective, I spotted a bullish breakout of a falling wedge pattern formation. I assume that it will trigger a bullish move. Resistances on focus: 800 / 805 ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
MCX:COPPER1!Long
by VasilyTrader
8
US30 Scalp Trade Idea Yesterday price formed resistance and continued to go bearish to retest the low that was created the day prior. I believe that price is currently ranging on the 1hr TF and can break either way. If price breaks and closes either way above or below the key levels, I will look to place a trade along with the market open volume. The overall trend on the higher timeframe is bullish but the current trend has been bearish these past few months. If price respects the major level of support, we may begin to go bullish, if not, we can see more of a retracement to the downside in the next few weeks.
U
by dreadhead4_life
XAUUSD BreakdownPrice has been bearish and broke below key levels. Currently the price is in a range, but a break above can continue to at least the target that is mapped out. The overall trend is bullish on the HTF but Gold has been in a retracement. If price can hold this level of support and break above its previous highs, we can see a continuation to the upside. Considering the current fear in the market, it would fundamentally make sense for Gold to start heading bullish again due to the FUD (fear uncertainty and doubt) in the market.
OANDA:XAUUSD
by dreadhead4_life
NAS100 Short Term Bearish, Overall Long Term Bullish!!!April 24, 2022 Weekly- LT: Bullish ST: High possibility price touches weekly trend line in about 100 points. Price is in weekly market structure (Yellow). This will finish weekly retracement for a continuation of a weekly bullish trend. Daily- LT: Overall trend Bullish ST: High possibility of price reaching lower Daily Market structure 4 Hour- Broke previous lower 4 hours structure (Purple). High possibility of price reaching previous 4-hour structure/liquidity area Strong support/Psych level at 13,288.5. ST: Short After short movement is matured, high possibility of price transitioning into a bullish/long movement.
OANDA:NAS100USDLong
by Jon-Leal-MoneyHeist
AUDCAD: Your Trading Plan For Today 🇦🇺🇨🇦 On a live stream today we discussed a potential short trade on AUDCAD: the pair is currently approaching a strong daily structure resistance. On an hourly time frame, the price is coiling. I spotted a tiny head and shoulders pattern. 0.932 - 0.9327 is its neckline. Wait for an hourly candle close below that to confirm a breakout. Then short aggressively or on a retest. Your intraday goals will be 0.93 / 0.928 If the price sets a new high on hourly, the setup will be invalid. ❤️Please, support this idea with like and comment!❤️
Short
by VasilyTrader
22