Ethereum remains stuck in the same liquidity zoneEthereum remains stuck in the same liquidity zone. It has shown a bit of strength in the past few days, but the buying pressure is still not enough.
I invite you to check out my analysis on Bitcoin, as it’s currently in a bullish pattern that will cause Bitcoin to take off very soon, which will pull the entire crypto market, including ETH, along with it. So, for now, we are still in the same zone I indicated several weeks ago and moving sideways.
Thank you for supporting my analysis. For now, it's just a matter of waiting and continuing to buy for the next breakout!
Best regards.
Rangetrading
Intel - Retest, reversal and rejection!NASDAQ:INTC has been establishing a slight bullish trend over the past couple of years.
A clear trend is the basis of every profitable trade, right? Yes and no. You should primarily focus on trading trends and entering positions during such phases. But Intel is a textbook example of a range bound stock; still there are trading opportunities everywhere. Currently Intel is retesting support and is starting to reverse towards the upside. But please: Manage your risk properly.
Levels to watch: $30, $45
Keep your long term vision,
Philip - BasicTrading
XAUUSD 1H - Consolidations Trading Setups - C.I.R.C. MethodThe chart above showcases various consolidations and their formation dynamics.
Consolidation, Initiation, Retracement, Continuation (CIRC)
Consolidations
What are “consolidations”?
Consolidations, often labeled as “ranges” in mainstream trading, hold a deeper meaning at T.T.T. Here, consolidations are the playgrounds of the BFI, zones where prices oscillate between highs and lows, as illustrated below. Within these confines, intentions simmer as BFI stack orders to propel future price movements. We confidently trade consolidations, fully aware of the intricate dynamics unfolding within the market’s underbelly.
XAUUSD 15M - Consolidations Trading Setups - C.I.R.C. MethodThe chart above showcases various consolidations and their formation dynamics.
Consolidation, Initiation, Retracement, Continuation (CIRC)
Consolidations
What are “consolidations”?
Consolidations, often labeled as “ranges” in mainstream trading, hold a deeper meaning at T.T.T. Here, consolidations are the playgrounds of the BFI, zones where prices oscillate between highs and lows, as illustrated below. Within these confines, intentions simmer as BFI stack orders to propel future price movements. We confidently trade consolidations, fully aware of the intricate dynamics unfolding within the market’s underbelly.
US30USD Market Structure, ranging market👋Hello Traders,
Here is a structure of US30USD, it is a very ranging market with low highers recently.
It is suitable for range trading strategy in our opinion.
For more ideas, you are welcome to visit our profile in tradingview.
Have a good day!
Please give this post a like if you like this kind of simple idea, your feedback will bring our signal to next better level, thanks for support!
Retracement short trade of BTCUSDT, short term idea👋Hello Traders,
Our 🖥️ AI system detected that there is an ICT Short setup in BTCUSDT for scalping.
Please refer to the details Stop loss, FVG(Supply Zone),open for take profit.
BTCUSDT daily chart is in uptrend or ranging market, this is just a retracement trade idea and you could consider buy BTCUSDT after reaching the demand zone marked with a reversal to upside chart pattern in H1 or higher timeframe.
For more ideas, you are welcome to visit our profile in tradingview.
Have a good day!
Please give this post a like if you like this kind of simple idea, your feedback will bring our signal to next better level, thanks for support!
notable price points if we are moving into recover the zone -61kalways gotta have a plan ... just some price points to look out for and keep and eye on. for scaling into this zone during the retest.
bulls say: until 61k is broke it doesn't even matter
bears say: give me 40k
neither so be able to talk anyway so its irrelevant for trading
Bitcoin (BTC) Price Analysis: Preparing for the Bearish AbyssIn this technical forecast, we delve into the darker recesses of Bitcoin's potential price journey. We observe a concerning configuration on the BTCUSD chart where the currency is currently grappling with critical support levels.
Current Dynamics:
The price has recently retracted from a peak, teasing the possibility of a significant downtrend.
A descending channel formation can be seen, indicating a tightening bearish grip on the market momentum.
Worst Case Trajectory:
Should the price break below the sturdy support zone, indicated by the green rectangle, we may see an accelerated drop.
The price could tumble toward the lower boundary of the channel, a line that has historically acted as a gravitational pull during bearish trends.
Key Levels to Watch:
Immediate support resides within the green rectangle zone. If this fails, the descent could be sharp and unforgiving.
Further support is hypothesized by the extended yellow trend lines, outlining a worst case range that could spell distress for bulls.
Projected Pathways:
The worst case scenario envisions a stark descent, followed by a period of consolidation below the current support.
A relief rally might attempt to reclaim lost ground, but the overarching trajectory remains bleak in this hypothesis.
Conclusion:
While we must tread with caution, preparing for a bearish eventuality is prudent. Investors and traders should brace for volatility and consider the historical behavior of the market during similar patterns. Vigilance is key as we watch for potential support breaches that could confirm this grim forecast.
CARVANA $CVNA | RANGE BREAKOUT BEFORE EARNINGS - Apr. 23rd,CARVANA NYSE:CVNA | RANGE BREAKOUT BEFORE EARNINGS - Apr. 23rd, 2024
BUY/LONG ZONE (GREEN): $72.50 - $81.25
DO NOT TRADE/DNT ZONE (WHITE): $68.50 - $72.50
SELL/SHORT ZONE (RED): $60.00 - $68.50
Weekly: DNT
Daily: DNT
4H: DNT, lean bullish
This was requested at the end of last week but I didn't get around to it. I drew up this NYSE:CVNA chart analysis yesterday as I was entering a new trade, but wanted to wait until today to post it. I did not adjust the zones and kept them as they were yesterday, even though today price has already broken into the bullish zone, there is still room to enter new trades to the upside, or if bears want to take on some extra risk they could enter extremely early here if they expect a pullback. Earnings release next Wednesday, May 1st, 2024, and I'm looking to take advantage of possible volatility. NYSE:CVNA has broken down structure on the weekly timeframe, developed bearish structure on the daily (which is now broken as of today), and had a defined range on the 4H (which was also broken as of today).
Previous NYSE:CVNA trade idea is linked below!
This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas.
ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE!
trendanalysis, trendtrading, priceaction, priceactiontrading, technicalindicators, supportandresistance, NYSE:CVNA , carvana, carvanastock, cvnastock, cvna, carvanaearnings, earningsreport, earningsrelease, carvanaearningsreport, carvanatradeidea, carvanapricerange, rangebreakout, rangebreakdown, carvanarange, rangetrading, chartpatterntrading, chartpatterns,
CARVANA $CVNA - Feb. 15th, 2024CARVANA NYSE:CVNA - Feb. 15th, 2024
BUY/LONG ZONE (GREEN): $48.00 - $60.00
DO NOT TRADE/DNT ZONE (WHITE): $40.00 - $48.00
SELL/SHORT ZONE (RED): $25.25 - $40.00
By request. My main focus would be on the range between $40.00 - $48.00, this area has determined the trend five times, which are seen each time price touches and breaks or touches and rejects. Currently I'm looking at a bull trend that was set after a breakout of the range in the $40-$48 zone. Any data before June 2023 I was not considering. If I had to look for an upside target, assuming the trend stays bullish long term once price reaches $60, the next logical point would be $103. Due to the lack of data and because price is trading away from the start of my bullish zone, I personally would not look to enter until there is a reaction to the $60 area or a pullback to the $48/$49 zone.
EURJPYEURJPY is trading in range bound with 250 PIPS range.
some time ranges are the best things to play just buy the support and sell the resistance.
as this one is 250 pips range which can deliver fine risk to reward.
currently the price is at resistance level and being rejected due to selling pressure.
will the pair head back to support area ?
what you guys think of this idea ?
AUDUSD Analysis: Support and Resistance Trade- Trade Strategy: Support and Resistance
- Key Levels: Resistance at 0.6624, Support at 0.6482
- Profit Potential: 142 pips
Analysis:
- Importance: Emphasizes the need to accurately assess profit potential
Trade Plan:
- Long Opportunity: Look for buy entries near Support (0.6482)
- Short Opportunity: Consider shorting near Resistance (0.6624)
- Risk Management: Implement effective risk management techniques
Share Your Thoughts:
How do you plan to utilize the support and resistance levels in AUDUSD? Share your insights below!
📈 Remember to trade responsibly and prioritize risk management in your strategy!
AAP Advance Auto Parts, +130% Upside potentialHUGE UPSIDE POTENTIAL
Fundamentals are there. So it TA.
The inverse head & shoulder pattern has spoken: first target is $109.
Then possible pull back & consolidation at our breakout level of ~$80
I expect a return to $200 at the end of summer 2025 but timing market is just 🔮🤷🏻
NYSE:AAP #AAP
Tesla is in tight range; bracketingInteresting setup on NASDAQ:TSLA
Price was bracketing for the last four days. The high level context is certainly bullish (daily uptrend, strong market) but bulls met strong resistance as they tried to close gap from January 24th. Two possible ways to play it LONG: either from range bottom with profit target at range high and above; or wait for bullish break out and go with it if it holds. Regardless of what you do always wait for confirming signals before commencing trade
Disclaimer
I don't give trading or investing advices, just sharing my thoughts
Options Blueprint Series: Iron Condors for Balanced MarketsIntroduction:
In the nuanced world of options trading, the Iron Condor strategy stands out as a sophisticated yet accessible approach, especially suited for markets that exhibit a balanced demeanor. This strategy, belonging to the "Options Blueprint Series," is designed for traders who seek to harness the potential of stable markets. Iron Condors offer a way to generate profit from an underlying asset's lack of significant price movement, making it an ideal choice for periods characterized by low volatility.
Understanding Iron Condors:
An Iron Condor is a non-directional options strategy that aims to profit from a market that moves sideways or remains within a specific range. This strategy involves four different options contracts, specifically two calls and two puts, all with the same expiration date but different strike prices. It combines a bull put spread and a bear call spread to create a profitable zone.
To construct an Iron Condor, a trader sells one out-of-the-money put and buys another put with a lower strike price (forming the bull put spread), while also selling one out-of-the-money call and buying another call with a higher strike price (forming the bear call spread). The essence of this strategy is to collect premium income from the options sold, with the trade being most profitable if the underlying asset's price remains between the middle strike prices of the calls and puts sold.
The Iron Condor is lauded for its ability to generate returns in a stagnant or mildly volatile market, making it a preferred strategy among traders who anticipate little to no significant price movement in the underlying asset. However, it requires precise execution and an understanding of the underlying market conditions to mitigate risk and optimize potential returns.
Market Analysis:
The current financial landscape often presents scenarios where markets exhibit balanced behavior, characterized by low volatility and minor price fluctuations. In such environments, traditional directional trading strategies might not always offer the desired outcomes due to the lack of significant market movements. This is where the Iron Condor strategy shines, serving as an ideal tool for traders aiming to capitalize on market stability.
Balanced markets are typically observed during periods of economic uncertainty or when major market-moving events are anticipated but have yet to occur. Investors' wait-and-see attitude during these times results in a trading range where prices oscillate within a relatively tight band. Utilizing Iron Condors in these scenarios allows traders to define a price range within which they believe the market will remain over the life of the options contracts. Successfully identifying these ranges can lead to profitable trades, as the sold options will expire worthless, allowing the trader to retain the premiums received.
Implementing Iron Condors under such conditions requires a keen understanding of market indicators and trends. Traders must analyze historical volatility, forthcoming economic events, and overall market sentiment to gauge whether the market conditions are conducive to this strategy. This analysis is crucial in setting the strike prices for the options contracts, determining the width of the Condor's wings, and ultimately, the trade's risk-reward profile.
Introduction to Silver Futures:
Silver Futures represent a standard contract for the future delivery of silver, a precious metal with both investment appeal and industrial applications. Trading on the COMEX exchange, these futures provide a crucial tool for hedging against silver price volatility and speculating on future price movements.
Key Features of Silver Futures:
Contract Specifications: A standard Silver Futures contract on the COMEX division of the New York Mercantile Exchange (NYMEX) typically involves 5,000 troy ounces of silver. The price quotation is in U.S. dollars and cents per ounce.
Point Values: Each tick (0.005) movement in the silver price represents a $25 change in the value of the Silver Futures contract. This point value is critical for calculating potential profits and losses in silver trading.
Trading Hours: Silver Futures are traded almost around the clock (23 hours per day) in electronic trading sessions, providing opportunities to react to global economic events as they unfold.
Margin Requirements: Trading Silver Futures requires a margin deposit, a form of collateral to cover the credit risk. The initial margin is set by the exchange and varies with market volatility. The current recommendation set by COMEX is $8,000 per contract.
Options on Silver Futures:
Options on Silver Futures offer traders the right, but not the obligation, to buy (call options) or sell (put options) the futures contract at a specified price before the option expires. These instruments allow for strategies like Iron Condors, providing additional flexibility in managing silver price exposure.
Applying Iron Condors to Silver Futures Options:
Implementing Iron Condors within the realm of Silver Futures Options requires a strategic selection of strike prices that reflect a balanced market's expected trading range. By capitalizing on Silver's historical volatility patterns and current market analysis, traders can construct Iron Condors to optimize their chances of success.
Trade Setup:
Underlying Asset: Silver Futures (Symbol: SI1!)
Market Conditions: Anticipation of a stable to mildly volatile market environment.
Strategy Components:
Sell Put Option: Strike Price $22.50
Buy Put Option: Strike Price $21.95
Sell Call Option: Strike Price $23.85
Buy Call Option: Strike Price $24.30
Net Premium Received: 0.2680 points = $1,340
Maximum Profit: Net Premium Received $1,340 per contract
Maximum Loss: Difference between strike prices minus net premium received = 0.55 / 0.005 x 25 – 1,340 = $1,410 per contract
Trade Rationalization:
This trade setup is designed to profit from a range-bound market, where the price of silver is expected to remain between key support and resistance price levels until the options' expiration. The selected strike prices reflect a balanced view of the silver market, aiming to maximize premium income while limiting risk exposure. The trade's success hinges on silver prices staying within the defined range, allowing all options to expire worthless and the trader to retain the collected premiums.
Trade Management:
Managing risks associated with Iron Condors involves closely monitoring silver prices and being prepared to adjust the strategy in response to significant market movements. This may include rolling out positions to different strike prices or expiration dates, or closing out the position to mitigate losses. Understanding the nuances of Silver Futures and their options is crucial for effective risk management in this strategy.
Risk Management:
Effective risk management is paramount when employing Iron Condors, particularly in the volatile commodities market. The Iron Condor strategy, by design, limits the maximum potential loss to the difference between the strike prices of the inner options minus the net premium received. However, market conditions can change swiftly, leading to potential challenges that necessitate proactive risk management techniques.
Monitoring Market Conditions: Continuous observation of market dynamics is essential. Significant economic announcements, geopolitical events, or changes in supply and demand can impact silver prices drastically. Traders should stay informed and ready to act if the market moves against their position.
Adjusting Positions: In the event of unfavorable market movements, traders may need to adjust their positions. This could involve closing out the position early to cut losses or 'rolling' the strategy to different strike prices or expiration dates to better align with the new market outlook.
Use of Stop-Loss Orders: While not always applicable in options trading, setting conditional orders to exit positions can help limit losses. For Iron Condors, this might mean closing the trade if the potential maximum loss is approached.
Diversification: Employing Iron Condors as part of a broader, diversified trading strategy can help mitigate risks. No single trade should expose the trader to disproportionate risk.
Conclusion:
The Iron Condor strategy offers a prudent approach for traders looking to capitalize on balanced markets, such as those often encountered with Silver Futures and Options. By selling options with strike prices outside the expected range of movement and protecting the position with further out-of-the-money options bought, traders can receive premium income while having a clear understanding of their maximum risk exposure.
This strategy thrives in environments of low to moderate volatility, where the underlying asset—silver, in this case—is expected to fluctuate within a predictable range. The inclusion of Silver Futures and Options in this strategic framework not only illustrates the versatility of Iron Condors but also underscores the importance of comprehensive market analysis and robust risk management practices.
By meticulously crafting their positions, monitoring market conditions, and being prepared to make adjustments as necessary, traders can effectively navigate the complexities of the commodities market, harnessing the potential of Iron Condors to enhance their trading portfolio.
When charting futures, the data provided could be delayed. Traders working with the ticker symbols discussed in this idea may prefer to use CME Group real-time data plan on TradingView: www.tradingview.com This consideration is particularly important for shorter-term traders, whereas it may be less critical for those focused on longer-term trading strategies.
General Disclaimer:
The trade ideas presented herein are solely for illustrative purposes forming a part of a case study intended to demonstrate key principles in risk management within the context of the specific market scenarios discussed. These ideas are not to be interpreted as investment recommendations or financial advice. They do not endorse or promote any specific trading strategies, financial products, or services. The information provided is based on data believed to be reliable; however, its accuracy or completeness cannot be guaranteed. Trading in financial markets involves risks, including the potential loss of principal. Each individual should conduct their own research and consult with professional financial advisors before making any investment decisions. The author or publisher of this content bears no responsibility for any actions taken based on the information provided or for any resultant financial or other losses.
📆🚀Exciting Next Week Planning! 📈💰 Trade USDCAD up and down!📆🚀 Exciting Next Week Planning! 📈💰
Get ready for some thrilling opportunities in the upcoming week! 🌟 Let's dive into the details and explore the potential of USDCAD, a ranging market with a range height of 160 to 200 pips. 📊💹
🔥 Ranging Market Analysis:
USDCAD is expected to trade within a range, offering opportunities for both long and short positions. This type of market environment can be advantageous for running Expert Advisors (EA) to potentially earn passive income. 💵💼
💼💹 Earning Passive Income:
By utilizing EA strategies, you can automate your trading and potentially generate income without constantly monitoring the market. This allows you to focus on other aspects of your life while your EA takes care of the trading operations. It's like having a dedicated trading assistant! 🤖💸
✨ Take Advantage of the Range:
With a range height of 160 to 200 pips, there is significant potential to capture profits during price oscillations within this range. It's crucial to set appropriate entry and exit points based on your trading strategy and risk tolerance, maximizing your chances of success. 📈🎯
🌟💪 Stay Informed and Adapt:
As with any trading endeavor, it's essential to stay informed about market developments, news events, and technical analysis. Keep an eye on key support and resistance levels, as they can provide valuable insights for your trading decisions. Remember, adaptability and continuous learning are key to success in the dynamic world of trading. 📚📰
🚀💰 Embrace the Opportunities:
Get ready to seize the potential of USDCAD's ranging market and leverage the power of EA trading to earn passive income. Plan your strategies, set your targets, and be prepared to take action when the right opportunities arise. The next week holds exciting prospects for traders! 💪💹💼
#NextWeekPlanning #USDCAD #RangingMarket #EATrading #PassiveIncome 🌍💱
EURCADEURCAD is trading in fine range of 100 pips .
sometime ranges are best thing to play , all you need to just buy the support and sell the resistance.
currently the pair is trading at the support of the range and showing the fine bullish rejection .
Will it head to top to the resistance of the range.?
Good Consolidation and breakoutGHCLTEXTIL
Textile sector stock which consolidate in a range from past 6 months and give a breakout on weekly & Monthly TF. Here i expect a good move with a small SL and First target 25%.
NOTE: We are not SEBI registered. It's for knowledge purpose only. Consult to your financial adviser before take any trade.
CVNA:NYSE will reach $130-$135 in 2024NYSE:CVNA CVNA:NYSE will reach $130-$135 in 2024.
Given the market signals outlined below for CARVANA CO. (CVNA:NYSE) on the weekly chart (W1):
1. RSI convergence
2. Gradual narrowing of the price channel
3. Substantial volume observed in bottom fishing
4. Decreased volume during recent corrections
The CVNA stock exhibits indications that suggest a potential attainment of the price range between 130-135 by the year 2024.
EURUSD (H1) Potential buying opportunities may emerge.OANDA:EURUSD EURUSD (H1) Potential buying opportunities may emerge.
Indicators that have manifested:
1. Convergence of the RSI is evident within the lower region, approximately at 1.072
2. The current price range exhibits a narrow band in comparison to the preceding price surge, amounting to less than one-third of the prior increase.
3. The aforementioned resistance levels appear relatively feeble, given the brevity of the resistance duration.
The command can be executed as outlined below:
Buy Stop at 1.07476
Stop Loss (SL) at 1.07384
Take Profit 1 (TP1) at 1.07593
Take Profit 2 (TP2) at 1.07732
Note: Capital management 2%
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