RAREUSDTRAREUSDT is in strong bearish trend and also form bearish flag pattern. Recently the instrument has break through important support zone.
Now the price is trading within the bearish flag and seems like it getting ready to break it.
Will the sellers took benefits from these bearish confluences?
Sellsetup
NZD/CHF! 6/12 Any opportunity to give DOWN prices?⭐️ Smart investment, Strong finance
⭐️ Personal comments NOVA:
The price continues to circle around the nearest resistance zone, today there is no news that will have too much impact. The price cannot break through this zone yet, NOVA will give a SELL signal here
⭐️ SET UP NZD/CHF PRICE:
🔥SELL zone: 0.54000 - 0.54150 SL 0.54600
TP1: 0.53700
TP2: 0.53400
TP3: 0.53000
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️ NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
EUR/ USD!! 5/12/2023 supporting the DOWN trend⭐️ Smart investment, Strong finance
⭐️ EUR/USD INFORMATION:
The US Census Bureau released data on Monday revealing a 3.6% month-on-month decrease in US factory orders in October, following a 2.3% increase in the previous report. In addition, the Institute for Supply Management (ISM) reported that the US ISM Manufacturing PMI remained unchanged at 46.7 in November, falling short of expectations.
According to Federal Reserve (Fed) Chair Jerome Powell, the US monetary policy has been successful in slowing down the economy, as predicted, with the overnight interest rate now in restrictive territory. Although Powell emphasized the Fed's readiness to further tighten policy if necessary, market sentiment suggests that the rate-hike cycle has reached its conclusion. Consequently, this has put downward pressure on the US dollar across all markets.
⭐️ Personal comments NOVA:
The price area touches the downtrend line, Scalping during the day is a SELL signal
⭐️ SET UP EURUSD PRICE:
🔥SELL EUR/USD zone: 1.08500 - 1.08650 SL 1.09100
TP1: 1.08000
TP2: 1.07700
TP3: 1.07400
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️ NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
#NZDUSDIn the daily time, it is moving in a descending channel, which is currently at the ceiling of the channel, and it has formed a divergence in MACD, which has also formed a corner pattern that can create a pullback to the neckline and then continue to the specified area. It has to continue its growth and get out of the downward channel.
GBPUSDIs GBPUSD exhausting at highs?
As the price is been on high bull run but now it seems like price is lacking bullish momentum after printing double top pattern at resistance level and bearish divergence( on lower time frame) suggesting the sell pressure is about to start.
If the bears took control , the 1st target could be 1.2300 followed by 1.2100
What you guys think of it?
EURCHFIs EURCHF exhausting at highs?
As the price is been on high bull run but now it seems like price is lacking bullish momentum after printing double top pattern at resistance level and bearish divergence suggesting the sell pressure is about to start.
If the bears took control , the 1st target could be 0.9560 followed by 0.9500.
What you guys think of it?
EURAUD AT SUPPLY..... WHAT'S NEXT?If we understand the concept of supply and demand, then making trading decisions won't be so hard for us. trading is simple plus and minus. all you need is to identify a good supply{resistance} and then plan a sell trade from it. and or identify a good demand{support} and plan a buy trade from there.
Supply and Demand are no different from support and resistance, they are simply an area and not a line.... they are the zones that makes things happen. price moves impulsively to the opposite direction once it approaches these areas.
so with that in mind, I am looking to short EURAUD. as price just retested a supply zone and rejected for a second time. creating a double top like structure. Meanwhile, price had just broken out from a recent uptrend here in this 4hr chart. closing below a recent low... now I expect a pullback to the 1.67800 price area for a nice entry and a tighter stop loss.
it may or may not pullback that much, but it is only right that it does. GOODLUCK GUYS!!!
NAS100. Will the Harmonics play its role ?Is NAS100 exhausting at strong resistance level?
As the price is been on high bull run but now it seems like price is lacking bullish momentum after reaching at resistance level and bearish divergence suggesting the sell pressure is about to start.
If the bears took control , the 1st target could be 0.5660 followed by 0.5610.
What you guys think of it
GBPUSD Shorts towards 1.20400The Bias for this trade will follow the overall bearish market trend, hence why we will be looking for sells to continue in that same order flow. As of the current price we have two supply zones marked out (A) the refined 4hr supply zone and (B) is the 8hr supply zone at the top. I will be waiting for further confirmation like a re-distribution within the 4hr supply and a clean CHOCH to confirm sells however, there are imbalances above the zone so we can also expect that to get filled and then tap into our extreme 8hr supply at the top for a better sell setup to form. Either way, both targets are at 1.20400 which is at a liquidity point or just below where the daily imbalance is which still hasn't been filled.
My confluences for GBPUSD shorts are as follows:
- There is a 4hr supply zone & 8hr supply zone that has caused the CHOCH & BOS to the downside.
- Price has also swept liquidity from the left hence why we have broken into a bearish trend.
- There is a daily imbalance below that hasn't been mitigated as well as wicks in the form or liquidity that hasn't been taken.
- The GU market has been in a bearish trend overall on the higher time frames so we trading with the trend.
- Price is beginning to create lower lows and lower highs which has multiple small BOS's.
P.S. Scenario (A) which is the sell from the 4hr supply zone can be expected to play out during this week but scenario (B) might occur next week. We will see how NFP Friday plays out to give us a better insight into the direction of the market.
MATICUSDTIs MATICUSDT exhausting at highs?
As the price is been on high bull run but now it seems like price is lacking bullish momentum after printing double top pattern at resistance level and bearish divergence suggesting the sell pressure is about to start.
If the bears took control , the 1st target could be 0.5580
What you guys think of it?
Analyzing ITC Stock Using Fibonacci Chart: ShortfallIn this analysis of ITC's stock using the Fibonacci chart, we identify a potential "shortfall" in the stock's performance.
First Target at 412.6: The "first target" is a price level at which the trader or investor hopes to sell their ITC shares to lock in profits or limit losses. In this case, the first target is 412.6, which means the trader is looking to sell ITC shares if the price reaches this level.
Second Target at 392.15: This is a lower target, indicating that if the stock price continues to decline, the trader plans to sell their ITC shares at this price to mitigate losses.
Stoploss at 440: A "stoploss" is a price level at which a trader will sell their shares to limit potential losses. In this case, the stoploss is set at 440, meaning that if the stock price rises to or above this level, the trader will buy their ITC shares to cut their losses.
This information is often used in technical analysis and trading strategies to manage risk and potential gains when trading stocks. However, it's essential to remember that stock prices can be highly volatile, and there are no guarantees in trading or investing. It's crucial to make informed decisions based on thorough research and risk management strategies. It's also advisable to consult with a financial advisor or do your own research before making any investment decisions.
CHFJPYIs CHFJPY exhausting at highs?
As the price is been on high bull run but now it seems like price is lacking bullish momentum after printing double top pattern at resistance level and bearish divergence suggesting the sell pressure is about to start.
If the bears took control , the 1st target could be 165.10 followed by 164.
What you guys think of it?
GBP\UDS SELL SETUP @KENMI
1D Timeframe:
Market structure has transitioned from a bullish trend to a bearish one.
Inducement has been removed, mitigating the previous Decisional OB (Order Block).
The price continues to decline.
1H Timeframe:
The structure is breaking to the downside, indicating a bearish trend.
We are waiting for the Inducement to be taken out, with the possibility of mitigating the recent High-Volume Order Block (HP OB).
Upon receiving all necessary confirmations, we will enter the trade.
Target: The low of the 1D timeframe.
Best regards,
Trader Kenmi
Please be aware that trading carries significant risks and can become addictive. It's essential to exercise caution and never invest more than you can afford to lose. Remember, entering signals should be approached with careful consideration of the potential risks involved. Your financial well-being should always be a top priority when engaging in trading activities.
BTCUSDTIs BTCUSDT exhausting at highs?
As the price is been on high bull run but now it seems like price is lacking bullish momentum after printing double top pattern at resistance level and bearish divergence suggesting the sell pressure is about to start.
If the bears took control , the 1st target could be 28075 followed by 26000.
What you guys think of it
CHFJPY Short | Trade AnalysisHello Traders, here is the full analysis.
Watch strong action at the current levels for SELL. GOOD LUCK! Great SELL opportunity CHFJPY
I still did my best and this is the most likely count for me at the moment.
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AUDUSD BEARISH SETUP|LONGHello Traders, here is the full analysis.
Watch strong action at the current levels for SELL GOOD LUCK! Great SELL opportunity AUDUSD
I still did my best and this is the most likely count for me at the moment.
Support the idea with like and follow my profile TO SEE MORE.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Patience is the If You Have Any Question, Feel Free To Ask 🤗
Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
19.10.2023 - SELL GOLD at 1948.00 The recent price movement aligns perfectly with my previous analysis. The market is currently progressing towards the key resistance level. The price managed to break out of a descending channel after forming a double bottom at the support level. I believe there is a possibility of gold retracing from the resistance zone and the upward trendline, given that we have witnessed a bullish trend for the past two weeks, and some correction is likely needed. Should the market test the 1968 level and encounter rejection, this could potentially lead to a bearish reversal. I anticipate a brief pullback from the resistance zone in the short term. My target is set on the support region around 1933.60.