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Shorting AUD/USD on the basis of S&R !! #ShortShorting AUD/USD on the basis of S&R !! This trade is for Educational Purpose only. The Goal is to highlight the importance of Support & Resistance zones (S&R) and how can Weak and Strong zones be identified. Support & Resistance (S&R) can play vital roles when it comes to trading. Most traders use S&R in order to look for precise entries and exits. The Pair has been Bouncing off from zone Marked in Red which acted as Support earlier. The Support was tested four times.. Soon it was broken with strong Bearish Candle. The more touches/bounces the Support zone had, the weaker it got and as a result it got broken. Often time Support acts as Resistance zones and Vice versa . It is important to note that S&R can act as a strong Confluence but trading just on the basis of it alone can be dangerous. Using other Confluences such as Market Structure, Divergences and Chart Patterns such as Double Top/Bottom are equally important. Since Trading is the game of Probability, it is Essential to have more than One Confluence. The Trade Plan: The trade plan is to Short AUD/USD, once it re-tests the broken support zone which is now likely to Act as Resistance. Note: Take this trade after doing on your own analysis. Target: Target is set on the basis of Fibonacci Re-tracement which comes in between 0.618 & 0.5. Stop Loss: Stop Loss is simply set on the basis of 1:3 Risk to Reward Ratio. Time Frame used: 1H Analysis based on: - Market Structure - Support & Resistance. - Fibonacci Retracement tool .. used for setting Target
Short
by M_Shariq
3
Head & Shoulders Pattern Formed on GBP/USD !! #ShortHead & Shoulders Pattern on GBP/USD !! The Head & Shoulder Pattern seemed to have formed on 4 Hour, I will wait for Retest of Neck-Line before Shorting GBP/USD .The Risk to Return ratio is 1:3. It can be a really good trade if executed correctly. Target is chosen by Measuring the Distance between Neck-line and the Head , further the same distance is then used after Break of Neck-line to establish correct Target area. Stop loss is set where the Price is least likely to get hit hence the 1:3 RR. note: Do your own analysis before taking the trade. Analysis based on; 1, Price Action 2, Chart Pattern 3, RSI - Overbought/oversold zone 4, Candle-stick Pattern Time frames used: 1 Hour 4 Hour
Short
by M_Shariq
6
ENJOY YOUR WEEKEND FAMILY!!!! EURUSD has LEFT THE BUILDING!!!! "They that wait upon the Lord shall renew their strength. They shall mount on wings of eagles and soar!' Excerpt from Isaiah 40:27-31 Patience and Discipline. Patience to wait on your trade set up. Discipline to stay with the BIAS determined for your set up aka Trading With the TREND. If you followed my previous post you're gonna have a GREAT WEEKEND$:)! Treat yourself to something nice. Take your family out for ice cream. Then re invest back into your account to compound again next week! This is a 7 TRILLION DOLLAR SPACE we are BLESSED to be apart of daily. My Mandate is to show you where the $ is flowing and point you in the right direction. Mission complete. Never over leverage. Trust your trade set up. Have fun! I AM Pro Trading Made Simple. We are #SniperGang
Short
by Master-Jedi-Trader
6
UPDATE: MATIC UP 82% after bullish daily signal MATIC pumped 82% after the bullish Supertrend Ninja - Clean signal (green vertical line on the background). MATIC broke out of the bullish Zone of the Ichimoku Cloud , which is bullish. The RSI is in the bullish zone at 68. If we take a look at the Average Directional Index ( ADX DI) its bullish. The +DI (Green Line) is above the -DI (Red Line). While the Trend Strength is becoming stronger. Since the ADX (Orange Line) is above its 9 Period EMA (Black Line). Currently MATIC is also above its Bollinger Bands Middle, Band Basis 20 Period SMA and the Least Squares Moving Average (LSMA). Which are a bullish signs as well. Waiting patiently on a bullish Supertrend Ninja signal, before entering a long paid off. Thank you for reading. Namasté 🙏 Disclaimer: Ideas are for entertainment purposes only. Not financial advice. Your own due diligence is highly advised before entering trades. Past performance is no guarantee of future returns. What Indicators Do I Use: In the chart I am using the "Supertrend Ninja - Clean", which is a trend-following indicator (Green and red vertical lines on the background). When the background of the candlestick closes green (vertical line). It indicates a possible bullish (up)trend. And red for downtrends.
M
by Kch28
TSLA short term sell signalTSLA Financial Analysis Income Statement - Income, Earnings and profit margin for Tesla all increased over past 5 years - Tesla reported higher than forecast earnings for company for the past 4 quarters Balance Sheet - Increasing Assets and liabilities with a shrinking Debt-Asset Ratio Cash Flow ( Value of the Company is ALWAYS a reflection of FREE CASH FLOW ) - 2018-2019 Tesla free cash flow growth risen by 538.85%. - 2019-2021 Telsa free cash flow growth is still increasing but by smaller percentages. Since 2019 Tesla free cash flow growth decreased -455.04% .................................................................................................................................. TSLA Price Chart Analysis Tesla stock has been decreasing in value since November 4, 2021 losing more than 50% of yearly gains. Largest decrease in value is near Earning announcements. ( Though Tesla reported higher than forecast earnings—Tesla earnings growth has been declining ) *Tesla forecast to report lower earnings and revenue compared to previous quarter results for the first time in 5 most recent earning announcements.* .................................................................................................................................. Sentiment: Short Term Sell - Long Term Buy/Hold
NASDAQ:TSLAShort
by charrison4300
How to generate more profitsTrading requires entries similar to how a computer would enter positions, what I mean by this is entries should be so disciplined it hurts, when you are sitting there bored in the early hours of the morning and you take sloppy trades this has an effect on your results! you should create enough discipline to be able to trade a specific time frame when your entry and exit system provides better returns. Adding rules for confirmation will also lead to better entries, things such as a Baseline, what this will do is create a layer of the bike lock, now you never take buys below the baselines, meaning you no longer take reversals, your winrate will improve and your profits improve. For GBPUSD it is wise to trade over the London session and you can see just how much the pair moved over this session, your trades have a better chance at delivering profits in this zone. You may find your strategy works well in other timezones, and I suggest following the path, dont be restricted if it works elsewhere, but get some good backtest results.
Education
by ZenFlo
Fresh Start MONTHLY Sell stops have been taken so we can expect higher prices now WEEKLY With previous week's rejection to the upside we want to see a bullish weekly close this week But the bias on the weekly is bearish DAILY The daily can relate to the weekly.. looking for the same this here H4 We have a break in market structure on this timeframe Price is trading within the 4H orderblock so we're going to drop timeframe now to find possible reversal points 1H We have our orderblock and invalidation marked on the chart as possible reversal points Now we wait for a proper break in 1h market structure to enter longs on LTFs tragetig at least 1.07650
Long
by fxsensei_
2
How we made 7.26% in May with 63% win rate while markets fell Last month when markets took a beating, we were able to make 4% within 11 days of trading using trading view to help track our trades. The month of May was a really volatile month and it took some courage to get back to where we are today. As you can see from our equity curve, we were down about 7% midway through the month and staring down a gun barrel. teenfxtrader.wordpress.com Here are some very important lessons that we learnt from our trading from the month of May. 1) Do not get into markets that you don't understand before testing them out thoroughly. - We started getting into indexes and especially the JPN225. What we didn't realize is that this pair moves really fast and can either wipe you out and make you lots of money. We lost 4% on the first trade but made 12% on the next. Still not sure whether we should trade this but if a good opportunity comes up why not? Just keep your positions super small. 2) Risk control is so important even if you are losing - - It is so easy to lose your marbles when you are down 7% in the first 15 days. However we need to accept that losing trades will happen and the only way you can control it is by not risking too much. Your account will ebb and flow. Some weeks are just flat. Sometimes you can have a quarter where you are totally flat and I am sure that will happen for us soon as well. 3) Winning percentages means nothing - We have always been taught in school that you are a loser if you do not get 80% and above. In trading, losing 40% of your trades is still okay as long as you lose with dignity. This month we lost 37% of our trades but yet made 7.26% by holding on to our winners. Where do we see the market going in June 2022? The past 2 weeks has been bullish. This is not the end of the market crash unfortunately. It is call a bear rally or a bull trap and we are likely to see the markets being pushed down to the previous lows. We still believe the target for DJIA is 26,000 and the S&P will reach 3600 within the next 3-4 months. In the meantime, we plan to take small trades to help us grow our equity as we have done in the last 45 days. In the meantime, we are looking at a sell of JPN225 at the level marked out but it is an uptrend so we may go long until this price is reached for the sell. Good luck!
BLACKBULL:JPN225Short
by JD_TeenTrader
Possible EUR/JPY downside breakout next week...We have had a week of rest bite for most currencies as the dollar eases of its bullish pressure. As we look ahead to next week, we can see multiple patterns emerging for potential euro weakness which may provide shorting opportunities on EUR/JPY for a bearish leg to the downside. Obviously we will need confirmation of the counter trend ascending line breakout and closure along with a momentum shift back to the downside. Potential targets for the downside are seen near 131.50 which also lines up with the daily 200MA. We would also need USD dominance to take over once more to drive the price down on this pair.
Short
by FTUKcom
1