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Pullback

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
CHFJPY MINOR REVERSAL SETUPPair: CHFJPY Timeframe: 1D , 4H Analysis: Round number level, trend line, volume profile, support and resistance ————— Key Takeaway: Seen price hit resistance for the 3rd time and seeing major bearish reaction. We are aiming to take this trade to support and broken trend which will now act as support ————— Level needed: need a close by 143.010 ————— Trade: Short RISK:REWARD 1:4 SL: 25 TP: 102 ————— DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
Short
by TheGoldRoom
Order block entry On GBP/USD On The 4-Hour ChartWe have an Order block on GBP/USD in the 4-Hour Chart. If we look at the daily chart, we can see the bears have been in full control for most of 2022. Today we have broken through a daily support setback in the middle of July. Fundamental news pushed the price further down at the end of last week. So, establishing our higher time frame bias as bearish, we now must look for opportunities to go short. I would not suggest looking for long setups as the entire market is currently very bearish. I have highlighted the order block zone in yellow. I have put a zone around the most recent bullish candle before we saw that impulsive break downwards. Notice the volume that accompanied that bearish break. That volume bar far exceeded any previous volume in its close vicinity. I would wait for the price to retrace back into the yellow order block zone around the 1.182 price level. Once the price retraces back into this zone, my short position will open as my targets will be the previous price structure and support around the 1.167 price level. I always aim for a minimum risk to reward of 1 to 2. However, if this entry gets triggered and the bears still push the price lower, we could potentially look at greater returns, riding the price lower still targeting weekly support zones around the 1.14 price level. However, that is a conversation for another time. We are still waiting for the price to retrace back into our zone. Order blocks can be very profitable when traded correctly. However, one must consider that since they are very popular, the banks and market makers know that we retail traders like to trade them and can use that knowledge to their advantage. So be very careful when trading them. Make sure you have a list of rules and criteria that you have written out for yourselves when it comes to entries, stop losses, and targets. Backtesting is extremely important. Mondays can be quite slow. However, let's see what happens throughout the London and New York session.
Short
by TheVortexTrader
1
$STLD is pushing higher on the right side of its ~5 month base!Notes: * Very strong up trend on all time frames * Great earnings track record * Basing for the past ~5 months * Was rejected around the ~85.3 area and pulled back to its 20 day EMA * Now it's broken above that resistance level with high volume * Printed a pocket pivot indicating institutional demand * Seems to have also formed an inverse head and shoulders pattern * Showing lots of strength and accumulation Technicals: Sector: Basic Materials - Steel Relative Strength vs. Sector: 3.15 Relative Strength vs. SP500: 1.44 U/D Ratio: 1.75 Base Depth: 55.04% Distance from breakout buy point: -13.12% Volume 148.59% above its 15 day avg. Trade Idea: * You can enter now as the price is just breaking above resistance with volume * If you're looking for a better entry you may find one on the retest of ~85.3 * This stock usually has local tops when the price closes around 21.32% above its 50 EMA * Consider selling into strength if the price closes 21.12% to 21.52% (or higher) above its 50 EMA * The last closing price is 12.53% away from its 50 EMA
NASDAQ:STLDLong
by HaseebKhan_90
2