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EURAUD It will fall from resistance Welcome back! Let me know your thoughts in the comments! **EURAUD - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
Short
by BKTradingAcademy
21
SP500 INDEX PERSONAL ANALYSIS IN THE SHORT TERM (REVERSAL!)Overall evaluation of the SP500 is bearish within a 1-2Y time frame mini trend, but not on the grand picture. Greetings everyone, we dumped very hard this past few days but this is a sign of a potential reversal. The fact that the candle closed as a DRAGONFLY DOJI , this is a warning for all shorters to consider that the bulls are now entering the market. The proper way to trade this signal is to wait for confirmation on the next daily candle, but seeing as how it is a text-book perfect dragonfly doji on any manual you can find, this is especially stronger in a daily time frame. We will probably get rejected again on the moving averages after this mini-trend change. The catalyst for the mini dump we had today was a negative sentiment report from U.S. Michigan. ------ TIP: SP500 also had a reverse hammer on the hourly charts followed by a green candle -- also called as a bullish harami. ------ Like the update? Boost it, comment on it, share it! Bookmark it, save it, its yours for free!
VANTAGE:SP500Long
by Wamses
2
AUDJPY It will go up from support Welcome back! Let me know your thoughts in the comments! **AUDJPY - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
Long
by BKTradingAcademy
8
SOLANA PERSONAL ANALYSIS IN THE LONG TERM (EVENTUAL REJECTION!)The total evaluation for the Solana asset is bearish. Please be mindful that such price movements are subject towards closely to the US Indexes as well as any other major fundamentals in the economy. The SP500 and the NASDAQ are very close to their monthly resistances trendline and have a huge potential to breakdown even further. We can only push as far as 45$ in this degree with BTC having a maximum push towards 24,200$ -- no more than that I'm afraid. If for example we did have prices above 24,200 -- this is supported with low volume and bearish divergences which cannot be maintained overtime. My suggestion and recommendation is to long for the short term only to consider short ultimately at a respectable end. I see a macro-consolidation for Solana with continuous lower highs and higher lows, risk management is crucial. ---------------- You like the chart? If so, boost it, comment on it, share it with your friends, bookmark it, its completely yours for freee! :D
FTX:SOLPERPLong
by Wamses
1
ETH PERSONAL ANALYSIS IN THE SHORT TERM (I SEE 1780$ WHOA!)The total evaluation for the ethereum asset is bearish. Please be mindful of your risks and tolerance when it comes to handling large amounts of money so that you remain calm always. Plan it out every trade and it doesn't matter if you're wrong or right, saves you a lot of paranoia. I see a very big potential to break 1720$ today and a very nice tendency to pump as far as 1780$ due to the fact that the price is supported from a bullish perspective of the NASDAQ and SP500 about to break their volume point of control and into the daily 20 day and 50 day EMA resistance which will probably be rejected the moment we go there. At the same time, that point of rejection will send ETH down from 1,720$ or 1,780$ to 1,580$ to 1,620$ respectively. If you want to find out more about the correlation of these prices, go to my profile, I have posted a new update regarding that breakout of the NASDAQ and SP500. It's literally quite new! Be warned that even if we pumped there, this is a rising wedge and that of itself is a huge sell signal in an eventual fashion. Remember, initial target is 1720$ If we do reach beyond that, its most commonly a volume splurge and would warrant a definite short the day after. ------ Like the chart? Comment on it, boost it, save it, bookmark it, share it! Its yours for free!
Long
by Wamses
A Study of Perceived Value - MESI'm looking at MES on multiple time frames and I believe the 2hr chart gives some outstanding detail and clarity on what has been going on in the markets as of late. Using the fixed range volume profile tool and studying consolidation periods we can see that the perception of value has clearly dropped through the end of August and into September. While I will not speculate on what may or may not have affected the drop and the recent rally, I will say that it appears as though MES has broken out of recent value and the high of it's range at 4019.25. This breakout point has yet to have been retested as a level of support. A Fibonacci retracement with extensions taken from the high of the range to the low of the range (shown in black) shows prices interacting with the 'golden zone' between the 1.382 and 1.618 - finding resistance squarely on the 1.5 extension. A second Fibonacci retracement taken from the high of the earlier consolidation area to the most recent current range low shows that price has interacted with a 0.618 retracement. Together, this is strong confluence of resistance. Another element that suggests a local top (or potential reversal into the prior dominant down trend) would be the indecisive candle. We could use the high and low of the indecisive candle as a potential trigger to enter either long or short positions, respectively and a multi-timeframe approach to either entry could lead to spectacular reward to risk ratios for traders. The overall picture looks relatively bearish long-term to me. Value has been established at a lower high and lower low than previously and price has retraced back to where it should. There is validation in both Fibonacci techniques that suggest a local top is in. This could lead to a retest of the 4019.25 level near term. If held as support, long positions at that level could lead to very profitable day and swing trades. We should also note that the POC and value area of the earlier range has not been tested. As a result I intend to look for prices around 4140.00 as a potential target for long trades or a potential entry for shorts. This is, of course, if prices continue upwards in an uptrend. Overall I'd say that I am leaning bearish on the S&P500 - at least until higher lows are established and resistance is used as support. Such is not the case on the the 2 hour time frame currently. I will say, however, that entering short without a trigger in this current environment seems unwise in my personal opinion. It's a good time for me to watch, understand value and the perception of value, and wait for an actionable trigger that would confirm bullishness or bearishness prior to entering a trade. Patience pays. Good luck everyone and Happy Trading!
CME_MINI:MES1!
by TradingTacticsPro
NASDAQ INDEX SHORT TERM ANALYSIS (A CALL OPPORTUNITY!!)The total evaluation for the NASDAQ chart is concurrently bearish over the past few months, but remained bullish in an overall decades of terms. Please be mindful of your risk management and trade accordingly with fundamentals and proper market structure (this includes familiarity towards candlesticks, indicators, etc.) There is a very good chance we will pump right above the point of control where the volume is at its strongest, this is called a "REACTION RALLY" to the dump we just suffered the past weeks. This is especially stronger since we are sitting on a support that we just bounced around June and May 2022, this is the 3rd back-test and re-test which can serve as a strong notion for a long/call position. Simultaneously, this pump can also push crypto to 19,800$-20,200$ and ETH to 1,720$-1,750$ only fo r EVERYTHING TO GO DOWN conveniently on a bad CPI report on September 13. Quite coincidental am I right? Its approaching resistance and there's a cpi report, maybe too obvious of a pattern for market makers but fear not, I recognized this and wanted to share it to you all! If you are wondering what are the jitteries on the circles and everything, the full chart can be found in my profile. Its in the same NASDAQ name but in a longer term of analysis, the same information and movement can be similar to the SP500 therefore it is not necessary for me to make another chart regarding it. ---------- Like the chart? Comment on it, boost it, bookmark it, save it. Its yours -- for free!
SKILLING:US100Long
by Wamses
ETHEREUM PERSONALY ANALYSIS IN THE SHORT TERM (SUPER BULLISH!) The total evaluation for the ethereum chart in the short term is bullish. Please be mindful of your risks as usual and the only reason as to why I am writing this with bullish sentiment because as you can see in the chart, the volume profile gave us a clear indication as to why we did not dump for 3 days because of the fact that this area has so much volume congestion of trading activity -- it literally served as support. We might reach 1800$ at this point or depending on the trajectory we might even get a second retest at 2,000$. Goodluck everyone! ----- Like this chart? Share it, comment on it and boost it. I would love to hear from you. Thank you for reading!
Long
by Wamses
ETH heading strong resistance and good support levelshello all i think we breakout from a range area and surpass the 1280 resistance. now we reach 1650 resistance and the market react to it. so i think we have a pullback to 1300 area and after that toward 1650 again and repeatedly react to 1650 resistance and after that will go for 2000 resistance. also maybe we have a 50% correction of this impulse wave that shows the 1300 level too. Etherum has good fundamentals according to merge upgrade.so this targets are reachable in coming months. share me your opinion in comments.
Short
by TraderAmin-KZ
2
Easy Trading Setup For GOLD (XAU/USD)Hi Traders, Happy Monday. Today we are looking at GOLD (XAU/USD) We are on the 4-hour time frame. I am noticing that the price is bouncing nicely between two zones of support and resistance. We are also seeing giant wicks on either side indicating that there is indecision in the market. The bulls are trying to come back in but the bears won't let them. This causes the price to stay in between two tight zones and consolidate. We also see that volume has been slowly decreasing and sloping down as time goes on. This too, indicates that this market is tired at this point. Indecision is strong and people are waiting to see which way the price will pop. We have two possibilities. Possibility 1 ) I would like to see the price bounce up and close above the resistance zone above. I would then like to see strong volume accompany this strong move upwards. If we see this play out, I would then look for a retrace back into the yellow resistance zone before opening up a long position with my targets being where the previous price structure was which is around the 1771 price point. Some further confluence that can help validate and give confidence to this particular possible setup, is that we have an imbalance on the left-hand side. We have a gap between 1752 and 1760 and the price needs to fill this gap. Inbalance in the markets usually does get filled. Whether this is a self-fulfilling prophecy is a topic for another day, however, this gives us further confluence to help validate the possibility of price breaking to the upside and heading higher. Possibility 2) If the price moves impulsively down and breaks and closes below the support zone, then I would look for high bearish volume to accompany this move. Once we see the break and close, I would then wait for the price to retrace back into the support zone before opening up a short position. My target for a short position would be around the 1679 price point which lines up nicely with previous daily support. These support points have been respected nicely on the daily time frame for some time however, they are giant wicks which tells me that there are many buy orders in that 1679 price level. So whichever way the price decides to move will dictate to us if we should be bullish or bearish in this time frame and whether we will be opening up a long or short position. Remember, as I am a swing trader, I always stay patient and I only enter into positions that present a viable opportunity to make profits. And on that note, I bid you all a fantastic rest of your Monday and as always, I will be seeing you all in the next one. The Vortex Trader
OANDA:XAUUSD
by TheVortexTrader
SELL - GBPJPY POTENTIAL SHORT ( BREAKOUT AND RETEST OCCURED)Evidently GBPJPY has broken the channel that formed. The channel was then subsequently retested and rejected from successfully; for this reason, I believe a short from the current price to the 4 hour support level would be highly probable. More importantly, confirmation of this bearish bias can be seen on the daily time frame, where a rejection from a key price resistance level has presented itself. *NOT FINANCIAL ADVICE, MERELY AN OPINION.*
Short
by Trader856