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Pullbacktrade

GBPNZD - Bearish Continuation TradeIn this video we're going to take a look at a bearish continuation setup on the $GBPNZD. The idea behind this trade follows my 4-step I.P.D.E. process of Identifying what price has recently done & then using that knowledge to make a prediction of what direction are we likely to continue in next & IF we do continue in that direction THEN where is the next level that we're likely to run into trouble at. In today's example the I phase was a previous level of structure support that was recently violated along with the reading of the last days candle. The P section used structure recognition, harmonic moves & psychological numbers to dial down on a target location. I hope you guys enjoy the video, I hope it's informative & most of all i hope that you have a positive week on your trading journey. If you have any questions, comments or just want to share you idea, please feel free to do so below. Akil
Short
by Akil_Stokes
2
EURGBP is in a key level!At the moment price reached a very important area for EURGBP and we have two different scenarios for this case: ---------------------------------------------------------- 1. Wait for rejection and buy for a bullish movement. 2. Keep looking on the chart and wait for the breakout. then sell at the pullback. ---------------------------------------------------------- So it can be a good trading opportunity that we can focus on it in the following days. We will update this post step by step and see what would be the best decision for this currency pairs. Please share your idea about it and bring your reasons. Buy or Sell and why? Thanks for being & supporting us. Good Luck!
by Brian_Philips
AUDCAD 4h technical analysis OANDA:AUDCAD Recently audcad had a good support at 0.911 I just took a look at it's chart and understood that I missed the long position cuz it wasn't in my watchlist . But let's see when we can enter it for long The price is moving with a strong bullish momentum There's a trendline and it seems it's gonna break because of the strong momentum we have . So IF it breaks , the best strategy for entering long position is to enter at pullback to the trendline . So we need to wait and see what gonna happen to audcad and we need to wait for confirmations and then enter with a good R/R and risk management . what's your idea guys ?
Long
by mahdirhimi
ESTY - pullback tradeEtsy, Inc. is an online marketplace for buyers and sellers, and operates in the United States, Canada, the United Kingdom, France, Germany and Australia. It mainly focuses on handmade or vintage items and craft supplies that include unique jewelry, on-trend clothing, bags, toys, art, home decor and furniture. In addition, the company offers several services to sellers including payment processing, advertising platform and shipping services. ETSY is a strong buy within the analysts circles, with an average buy target of USD 224. Stock has been popular within the Blogging community, Hedge fund activity has also seen a bullish signal with about 341.5K shares added last quarter. From a technical perspective, price is sitting right below the 20 Day Moving Average, but above the 20 Week moving Average. Both should add some indecision in some of the traders minds. However, RSI is bullish on multi time frames. Out of the 147 stocks in the Retailing space, 42% are above the 5Day MA and 24% are above the 20 Day MA. The sector needs to show more action to bring the bulls interest back in here...I If ETSY closes above the 20 Day MA, we could look for a swing trade.
NASDAQ:ETSYLong
by LoveForCharts
5 PAISA - Pullback Trade5 paisa made high of 444- 465 in July 2020 and retraced some part of its previous rally only to take support around 235 levels. The stock then started rallying again but was not able to break through previous resistance( highs made in July 2020) and traded sideways near the resistance for about 3 months. Finally, it managed to break above in the first week of July 2021 with a Big bull candle, volume also saw some rise. Now Prices are retraced back to the breakout levels and sustaining above it. It looks like stock may test its recent highs and also move beyond it, in the coming trading sessions.
NSE:5PAISALong
by manuagarwal21
CSCO has breakout from it's long term uptrend channelNASDAQ:CSCO Hi everyone , we hope you're all fine and having a nice time. let's take a look at CSCO chart together : - A long-term uptrend channel is recently broken - The price is going to move as a pullback now - Also the price is so close to touching the 50 EMA - also there are fundamental issues that can affect on the price of CSCO to fall ---------------------------------------------- I think we must wait for price action and candlestick confirmations to the pullback and after that we can take a short position with 1.72 R/R ---------------------------------------------- what's your opinion guys ? I'd be glad to see your comments and ideas .
NASDAQ:CSCOShort
by mahdirhimi
CRYPTOCURRENCY MATIC (POLYGON) BOTH SIDE OPPORTUNITY (BUY/SELL) Analysis has been done on 1 hour time frame and the price has approached support zone yet again! It has taken support from the zone 5 times on a bigger timeframe which indicates how strong this zone is for buyers but it must become weak. This results in a make or break situation, where a small pullback is required after sellers dominance or either a complete breakdown. It can happen in two ways :- 1. Matic breaks support zone with momentum which eventually results in a breakdown (CASE 1) even in a bear market. 2. It consolidates for a while (moves within a range) after constant selling and then one more downside movement (CASE 2) to reach our target. Conversely, the last 2 sessions have been exhaused and we can expect a decent pullback as sellers have tried pushing the price below support zone and yet again it recovers due to heavy sell off in the market. Fixed Range Volume Profile does the job perfectly to determine the extent of a pullback however 50-EMA can also create resistance for our upside movement to reach target, therefore trade is risky. But also bear, with the recent news of Polygon partnership with EY(Ernst and Young), it might increase momentum and help us achieve our short term target. ENTRY POINTS - For BUY - Breaking 1.070 on 1 hour timeframe with momentum. TARGET - 1.126 For SELL - Breaking 1.035 on 1 hour timeframe with momentum. TARGET - 0.960
M
by raghav_tradeit
1
MELI Long Opportunity after the correction Mercadolibre is still correcting although drawing closer to a zone I expect a bounce/reaction. Since Sept 2020 MELI has been trading inside a ascending channel and printed a fresh ATH in Jan 21. I anticipate a move down to the bottom of the channel with the following confluences 200EMA, .618 fib pull from bottom of the channel to the last swing high and the point of control *POC as drawn on the chart. ALways know your invalidation and use a SL ..Like Share and follow for regular setups and analysis
NASDAQ:MELILong
by SJTRADESFUTURES
BTC: Short term Bear, Long term BullBTC chart has shown a previous switch to the short term bear with long-term bull. This recent push is believed not to be a rally but a minor push before a small pullback before the next move. Please let me know your thoughts / Ideas. Personally mostly holding with a short term Grid bot to buy the dip. Overall it looks like the market is bullish moving upwards over the coming weeks, however the previous bearish divergence on the 4 h is expected to continue through the next week with price retracing to resistance level between $41,700 (Daily Kijun, Weekly EMA 9, and close to the 0.38 Fib retracement) and $38,700 (0.5 Fib retracement and weekly Tenkan-Sen). These numbers will adjust as the figures unfold and timing of the pull back. Once price pulls back to these numbers the overarching bullish nature will cause an increase in momentum which should be observed through breakouts in lower time frames. Signals across different timeframes. 1h - Bull signals: Cloud break, MACD bull cross. Bear signals: MACD looks to be topping out (not strictly bearish but not bullish) 4h - Bull signals: MACD bull cross. Fake Bull signal: Cloud break is not a buy signal as cloud still bearish, TK cross has not happened and signal line not really above price (weak). Bear signals: No strictly bearish signals other than the fake cloud break bull signal. 1D - Bull signals: Previous cloud break could still be in motion. No other buy signals Bear Signals: MACD cross 1W - Bull: MACD Cross, 9 EMA crossing 26 EMA, Bear: Oversold compared with the Tenkan-Sen line
Short
by AussieTraider
ADA/USDT A pull back to 1.8 for ADA then a bounce to the upside.Let's be realistic here, the market for ADA is quite extended right now so expect a pullback then a bounce off to the upside. This is looking very bullish especially with the smart contract on the side so expect to break the all-time high. The RSI is above 80 so look out for the prices to either stay stable or correct itself to around the $1.9 level. I still believe that after this correction (I may be wrong), the prices will likely go parabolic as it has proven before. A good opportunity to buy right now would be patient for a pullback to 1.8-1.9 or a market crash (anything can happen in crypto as we've seen it before). You could indeed short right now but add a stop loss at about $2.2 because we've seen how bullish ADA has been in the past week. You may hate me to say short right now you have to sometimes be a bear and sometimes a bull to be a good trader. Good Luck EVERYONE and don't trade money you can't afford to lose!
by GrimZert
QCOM made a double bottom and is now looking to break!QCOM has been doing well fundamentally with its sales growth more than 30% quarter-over-quarter. Technically it's on a clear up-trend and just recently had a nice pull-back. Looking at the price-action on the weekly, we can see that it just made a double bottom and is now looking to break. What makes this more interesting is that the pull-back used the 10-EMA on the monthly time-frame as support and volume is kicking in. Thoughts: * QCOM made a double bottom and is now looking to break * The double bottom will be confirmed if the price breaks and closes above 144.10. * The measured objective of the pattern would be close to its all-time-highs. Trade idea: * Wait for a confirmation of the pattern i.e. wait for a close above $144.10
NASDAQ:QCOMLong
by HaseebKhan_90