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Rangetrading

XVS: Expecting Further Sideways Movement and Long Position AccumI anticipate XVS to continue trading within its current sideways range, as the price is currently near the lower boundary of this range. Therefore, I've taken a long position with the strategy of trading from the range boundaries. Over the course of several days, market makers are likely to accumulate positions within this range. This accumulation may lead to an upward move towards the upper boundary of the range, or at the very least, towards the midpoint.
Long
by Shved126
😍Let's trade EURAUD up and down for few days!🎁Wow, do we have a surprise for you! Our AI screener has spotted a golden opportunity for you: EURAUD is in a ranging market for the next few days! What does that mean? It means that the price is bouncing back and forth between two levels: 1.6346 and 1.6596. That’s a range of 252 pips or more! How can you cash in on this situation? 🚀There are two ways: 👩‍💻If you are a manual trader, you can use oscillators like RSI, Stoch, or MACD divergence to catch the best entry points for both long and short trades. You can use lower timeframes like M15 or M5 to find these signals. 👾If you are a bot trader, you can use a martingale or zone strategy with proper risk control and money management. Trading with a bot will save you time and effort, as you don’t have to watch the charts all the time. You just need to check the bot trading every 4 hours to see if the market pattern changes from ranging to trending. If it does, you can close the bot and take your profits! This is a simple and effective way to make money from the forex market. But act fast, this opportunity won’t last forever! 💥 To get more trading ideas like this, follow our channel and subscribe to our newsletter. We will send you the best forex signals and tips every week. Don’t miss this chance to earn money online with us! 🙌 Please drop a comment below, what tools and what strategy you will use to earn money from ranging market like this? We would love to hear from you. 😍 Disclaimer: Trading forex is risky and you should only trade with money you can afford to lose. We are not responsible for any losses you may incur from following our signals. Always do your own research and analysis before placing any trades.
by ICT_Trader_SB
Are you ready to make some money from the forex market? 🤑💌Our AI screener has detected a great opportunity for you: NZDCAD is in a ranging market for the next few days! What does that mean? It means that the price is moving sideways between two levels: 0.8153 and 0.8333. That’s a range of 170 pips or more! How can you profit from this situation? 📊There are two ways: 👨‍💻If you are a manual trader, you can use oscillators like RSI, Stoch, or MACD divergence to spot the best entry points for both long and short trades. You can use lower timeframes like M15 or M5 to find these signals. 🤖If you are a bot trader, you can use a martingale or zone strategy with proper risk control and money management. Trading with a bot will save you time and effort, as you don’t have to watch the charts all the time. You just need to check the bot trading every 4 hours to see if the market pattern changes from ranging to trending. If it does, you can close the bot and take your profits! This is a simple and effective way to make money from the forex market. But act fast, this opportunity won’t last forever! 🔥 To get more trading ideas like this, follow our channel and subscribe to our newsletter. We will send you the best forex signals and tips every week. Don’t miss this chance to earn money online with us! 😊 Disclaimer: Trading forex is risky and you should only trade with money you can afford to lose. We are not responsible for any losses you may incur from following our signals. Always do your own research and analysis before placing any trades.
by ICT_Trader_SB
USDCAD: Bearish Harmonic Pattern and Weekly Range DynamicsThe USDCAD market is currently exhibiting the formation of a potential bearish bat pattern. Notably, the price is approaching a daily level that coincides with a 4-hour order block. This convergence is significant as it marks the completion of the D leg of our discernible bat harmonic pattern. Additionally, it's worth mentioning that the overall market structure is displaying a bearish bias. Despite the bearish sentiment in the shorter time frames, it's essential to note that the weekly chart indicates a trading range. This information adds a layer of nuance to the analysis, suggesting a potential conflict between short-term bearish dynamics and a more neutral stance in the longer term. In light of these technical observations, a potential short-trading opportunity is anticipated. The confluence of the bearish bat pattern, alignment with the 4-hour order block at the daily level, and the bearish structure on lower time frames adds an extra layer of confirmation to the trade setup. Traders are advised to exercise due diligence, considering both the potential for a reversal in the indicated zone and the overarching range-bound behavior on the weekly chart. Goodluck!
Short
by Koolermactrez
Preparing for BOC Rate CutsSummary The Bank of Canada(BOC) could be one of the first central banks to cut rates, meaning a weaker CAD. Could USDCAD move off the 15-month range support? The Details Canadian inflation is approaching the 2% target, suggesting no further rate hikes by the BOC. Interest rates will then temporarily pause, which could cause CAD indecision. However, economic data for Canada is weak, signalling recession. A high and climbing unemployment rate strengthens recession fears. Recession may lead to rate cuts - before the US and other Western economies - weakening the CAD over other currencies. Things to Consider The Bank of England may be one of the last central banks to cut rates. Higher for longer is the current narrative for UK interest rates. Buying opportunities on GBPCAD could be more lucrative. The US often leads when it comes to rate changes. However, the US economy is performing well even with the current high rates, meaning Canada (and maybe the EU) may cut rates before the US
Long
by Samuel_Morton_Trader
A Macro Analysis of TESLA: The Case For Being Range BoundHi guys and Welcome! As a trader its empowering to overanalyze an asset you would like to trade. To think of various potential associations or the direction that price action can have or go. It reduces any surprises and allows for you to be ready and strategize adjustments. And just NOTE: That this is just an idea/ theory and it does not have to play out as mentioned but i would urge us to atleast keep this idea in the back of our heads. Things have been great this year, with many big names booming in price. Many people calling for New ALL TIME HIGHS for many names. This is also true for TESLA. But what if we don't see all time highs in Tesla? What if in fact we are range bound, hitting the top of the range only to travel to the bottom of the range for a duration of time before we attempt new all time highs. It sure is a possibility, as we have done so previously. From July 2013 till the breakout in December 2019, we managed to stay in a RANGE. (Roughly 2345 days or 6ish years). This is not a bad thing per se. It helps the asset consolidate, create market structure and allows companies to stabilize, allowing them to fulfill the desires of investor sentiment, thus moving higher eventually. If you can determine the levels of the range, it is also tradeable. More on that in future posts, as i will be monitoring TSLA like a hawk. Now looking at our current RANGE. We've gone so far 1093 days. If history is any indication, we are about almost half way through our RANGE bound journey. Note that if we are range bound, it doesnt have to mirror our previous data point. Also that Investor SENTIMENT for TSLA is different now. Also don't discount the fact that currently we are bullish in TSLA, so possibilities of seeing $400 sooner than later is likely, until proven otherwise. Could we break out or do we double top/ stay range bound? That would be the place to re-assess the situation. One major factor in my opinion to help us determine what might happen is VOLUME. I think for us to really solidfy this idea of making New ALL TIME HIGHS, volume has to continue to increase and really spike when we reach the $400, RANGE TOP. We don't want to see volume below the PURPLE LINE DRAWN, but rather have it follow the GREEN arrow. Showing consistent growth and high volume. Also another thing to watch is the RSI. NOTICE the Black trend lines drawn. When we broke out of our 2013-2019 Range, RSI broke past the Black trend line to continue into our HIGHS. Come to current time, we are quite far off the Black Trendline drawn. This is something to watch. Again, history does not have to repeat in current price action BUT it does provide data on what could potentially happen. As a trader it is important to always try to see different angles. __________________________________________________________________________________ Thank you for taking the time to read my analysis. Hope it helped keep you informed. Please do support my ideas by boosting, following me and commenting. Thanks again. Stay tuned for more updates on TSLA in the near future. If you have any questions, do reach out. Thank you again. DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. Do not use my ideas for the basis of your trading strategy, make sure to work out your own strategy and when trading always spend majority of your time on risk management strategy
NASDAQ:TSLA
by SafofAllTrades
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