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Pullback

GBP/AUD: Double Bottom; pull backGreat Britain Pound/Australian Dollar forming an interesting Double Bottom here, and right now, the price it's making a pull back in this zone. Talking about the H1 timeframe, we see that GBP/CAD look into this bullish setup. I draw this diagonal up line that mark a psychological point that we couldto put a buy order place in the smart zone. For me, I'm very sure that GBP/CAD forming and ending this pull back confirmed to long position. I put my buy order place in $1.7024 CAD, Stop Loss to $1.6977 CAD and take profit to $1.7226 CAD, also I suggested when GBP/CAD in this way in the up trend, it's necessary to monitoring this trade if we see any rejection in the half of this way. Based in H4 timeframe, we're in the bullish setup right now and GBP/CAD can to reach this reaction zone in $1.7236 CAD approx that I mark using block orders to analyze it. So, that it's all for this analysis what I see. I hope that this idea support you and trade this opportunity in Forex market for this week.
Long
by harisonhbn9718
1
What's NextHey everyone, My last post was just before the last bullish move the crypto market made and was about DOTUSDT precisely. It turned out very well as I published before the move along with a signal that the TP level got hit 2 days after the price consolidated for a day. So if you have seen it, it is perfect because you were able to catch the move. (link down below) For now, I think that we have been consolidating for too many days now. We might be in a consolidation box (or in a symmetrical triangle), which means that we are preparing for a volatile move after breaking this range. Looking at Altcoins like ETHUSDT and DOTUSDT, I lean towards a short-term bullish pullback since we will revisit the 50% Fibonacci level in the higher timeframe. If it breaks to the upside or the downside, we are going with the trend depending on which direction the price goes. Please comment if you have any questions, I will try my best to answer them. Thank you😊
Long
by yassin_khanji
Can $ADM hold support and move higher from here?Notes: * Very strong up trend on all time frames * Good earnings in the recent quarters * Basing for the past ~6 months * Coming up on the right side of its base * Recently broke back above a key level around ~$87.2 and has been holding this level as support with higher than average volume * Printed an inside day with higher than average volume * Bouncing off of its 20EMA Technicals: Sector: Consumer Defensive - Farm Products Relative Strength vs. Sector: 2.78 Relative Strength vs. SP500: 1.55 U/D Ratio: 1.81 Base Depth: 37.27% Distance from breakout buy point: -10.61% Volume 22.31% above its 15 day avg. Trade Idea: * You can enter now as the price is bouncing off of its 20EMA and a key support level around $87.2 * If you want a better entry you can look to enter around $87.2 or if it pulls back closer to the 20EMA * This stock usually has local tops when the price closes around 12.92% above its 50 EMA * Consider selling into strength if the price closes 12.72% to 13.12% (or higher) above its 50 EMA * The last closing price is 4.89% away from its 50 EMA
NYSE:ADMLong
by HaseebKhan_90
EURUSD before NFP Yesterday this pair broke below 0,9980 confirming the downside move. Today is the first Friday of the month and we have NFP coming out. There will be volatility during the news and we could see further confirmation to the downside. The levels below the parity will act as resistance and we will expect that price should reject them and eventually form a new low. Once we break below 0,9900 we should see 0,9800 next! Stops should be above 1,0090 in case of price rejecting the mentioned levels.
by ForexTrendline
5
⭕Best BUY area for NZDUSD🧨🔥 🔰You can see the analysis of New Zealand dollars in US dollars in 2-hour time frames (NZDUSD_ 2H)🔍❗ ✴️As is evident in the description, the price after breaking the line has had an upward trend (black🖤) and pullback (orange🧡) has been rigged. If the price reaches the DEMAND range and also breaks the downtrend line (black🖤) we can expect the price to climb to the first supply zone(SUPPLY 1). In case of breaking the first supply zone(SUPPLY 1) , it can climb to the second supply zone(SUPPLY 2) and with the same conditions can climb to SUPPLY 4🧐❗ The areas of SUPPLY and DEMAND are clear in the picture👌 Do you think this analysis can be profitable❓❓ I hope the analysis was useful for you🤍🌹 📌Please introduce the channel to your friends 🙏🏻 __________📈TRADER STREET📉___________
Long
by TRADER_STREET
CADCHF BEARISH SWING OFF RESISTANCE?Pair: CADCHF Timeframe: 1D , 4H Analysis: Round number level, trend line, volume profile, support and resistance, ascending triangle, consolidation ————— Key Takeaway: We have seen the level of resistance we are now at hold for a few weeks and price cannot seem to break it. If we close below round number and high volume level then we will be entering short ————— Level needed: need a close by 0.74470 ————— Trade: Short RISK:REWARD 1:5 SL: 15 TP: 75 ————— DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
Short
by TheGoldRoom