GOLD breakout of SUPPORTThe price on the consolidating downtrend is approaching the lower savings line, there is no reaction to false breakouts. I expect a breakdown downward and a decline in the price to the support line.
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Sell-signals
I'M BEARISH FOR NZDUSDSWING TRADING JOURNAL
I'm bearish for NZDUSD and this is my plan
I will;
SELL NZDUSD somewhere at Green Box (try to sell as high as possible)
SL ABOVE Red Line
Final TP at Blue Box
Manage this trade with your trading style, maybe you want to;
1. Close your position early (at 1R, 1.5R, 2R or any profit level)
2. Move your SL to break even
3. Scale out
4. Trailing stop
5. Re-entry if bearish structure still valid
6. etc
No Profit Guarantee, Good Luck!
GBPUSD consolidation After testing support, the instrument rolled back and does not go higher, it is consolidating and I suppose that this consolidation will give a distributive downward movement to retest the support level
Remember, there is no place for luck in trading - only strategy!
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GOLD: in consolidation Gold is in accumulation, how long it will continue, it is not known where it will go, it is also difficult to say, but I bet that it will continue to fall along the trend. I think that after accumulation it will go down to 1750
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments
GBP-CHF Local Short! Sell!
Hello,Traders!
GBP-CHF is trading below a strong horizontal resistance
And now the pair is retesting it again
I would call a short risky, but still valid
Thus, I am expecting the pair to fall from resistance
Towards the previous local low
Sell!
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LTCUSD💲: Will they break through the limit level 📉And so, although Bitcoin was trying to buy back its value a little and recover, LTCUSD is squeezed by local downward resistance and a strong support zone. Locally falling tops indicate that there is no strong buyer and the instrument is falling in price. I expect a breakout, pullback and entouragement, here it will be possible to insert into a short position. My goal is to support 118
Do you agree?)
Your Solldy.
XAUUSD - 1H - SCALPING/DIVERGENCE - SHORTPREVIOUS ANALYSIS:
Analysis:
As per our previous analysis, Gold couldn't sustain a Temporary support line and created lower support.
So now will look for our entry point near the circled area.
Once price in that area and starts making Bearish confirmation we'll be taking a nice short position.
Happy trading.!
Best Regards,
The MorningStar Forex
AUDUSD: Head and ShouldersWell, the currency pair went down and approached a strong support, but if you look closely, you can see the classic Price Action - Head and Shoulders pattern, upon breaking the support of which, a very good downward movement should follow. I expect this. I suppose that the price should go down to 0.7416 after the breakout
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments
GBP-CAD Will Go Down From Resistance! Sell!
Hello,Traders!
GBP-CAD is trading in a rising channel
Which is also a bear flag on a higher timeframe
The pair is trading below a horizontal resistance
And I think that once we see a proper retest of the resistance
The pair will fall to the channel support
Potentially breaking it and going further down!
Sell!
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🏛WTI OIL BEARISH BIAS! SHORT🔥
🏛WTI OIL is trading in an uptrend
And crude has recently broken a strong resistance level
However, the pair is trading in an unsustainable pattern
And the rising resistance is nearby
Thus, I am expecting a breakout of the local rising channel
And a bearish move down to retest the key level below
The bearish bias is supported by the expected strength of the dollar
SHORT🔥
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AUD-NZD Will Go Down! Sell!
Hello,Traders!
AUD-NZD recently fell sharply on the fundamental news from New Zealand
But the pair is recovering now, and has almost reached a resistance level
The bullish move seems to be as strong as the bearish was before that
However, the level is there, and I will be looking for a short trade opportunity
So we will be waiting for the reversal signs on the pair
Once it this the level properly, with the target half way to the new support!
Sell!
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🏛NZD_USD WILL GO DOWN|SHORT🔥
🏛NZD_USD has hit the horizontal resistance again
But the pair seems to have failed to break the level
And we are already seeing a bearish reaction
I think that there is a good chance the level stands
And thus I am expecting the pair to go do down
Towards the horizontal support
SHORT🔥
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🏛CRUDE OIL STRONG RESISTANCE|SHORT🔥
🏛CRUDE OIL has breached the broken trendline
That I mentioned in my previous analysis
Thus making it invalid within our analysis framework
Now, we can see that oil has almost hit a strong horizontal resistance
From where I am expecting a bearish reaction
With the final target being a new rising wedge support
SHORT🔥
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MATIC BUY/Sell ideasMATIC is rising according to last growing pattern (15min. 14.05.2021 - 16.05.2021)
Horizontal lines shows when I sell (red) and when I buy (green).
EUR-GBP Small Short From Resistance! Sell!
Hello,Traders!
EUR-GBP
is retesting the strong resistance level
And while strong moves down are somewhat unlikely
I think that a local short is possible
With a limited target slightly above the previous low
Sell!
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Time For Splunk To Bounce Up?Based on historical movement, the trough could occur anywhere in the larger red box. The final targets are in the green boxes. The pending top should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated BUY on May 4, 2021 with a closing price of 119.41.
If this instance is successful, that means the stock should rise to at least 120.045 which is the bottom of the larger green box. Three-quarters of all successful signals have the stock rise 3.1735% from the signal closing price. This percentage is the bottom of the smaller green box. Half of all successful signals have the stock rise 5.92% which is the end point of the black dotted arrow. One-quarter of all successful signals have the stock rise 8.0325% from the signal closing price which is the top of the smaller green box. The maximum rise on record would see a move to the top of the larger green box. These are the same concepts for the levels in the red boxes as well.
The ends/vertical sides of the boxes are determined in a similar fashion. The peak of the rise can occur as soon as the next trading bar after signal close, while the max rise occurs within the limit of study at 50 trading bars after the signal. A 0.4% rise must occur over the next 50 trading bars in order to be considered a success. Three-quarters of successful movement occur after at least 18.0 trading bars; half occur within 36.0 trading bars, and one-quarter require at least 46.0 trading bars.
The black dotted arrow represents median historical movement. Medians are a good metric, but they are just one of many I use when forecasting future movement.
As always, the stock could decline the very next bar after the signal without looking back (therefore the red boxes would not come into play) or the stock may never decline (and the green boxes may never come into play).
All movement could technically be over after the second bar from signal as the larger green box was breached and followed by a retreat. If this is not the case, it is interesting the close today occurred in line with the bottom of the smaller red box, meaning the drop could be over and a week or two of gains may start as early as the open tomorrow.
All statistics and the full analysis are available for free as always at the site below.
EURNZD SELL | Day Trading Analysis With Volume ProfileHello Traders, here is the full analysis for this pair.
Watch strong action at the current levels for SELL. GOOD LUCK! Great SELL opportunity EURNZD .
I still did my best and this is the most likely count for me at the moment.
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