Sellsetup
USDCAD ..A Very Big Decline Coming in on USDCADHello guys, My Idea on USDCAD is for a Big Push to the Downside , Which from the Daily Timeframe Down to the H4 Timeframe we are Overall Bearish and Which the H4 has Currently Switched Bearish and We are Expecting the Continuation Trend to the Downside for a Good Selling Opportunity from Level 1.36110 . Like and Drop your Comments ❤
HDFC Sell * All the information shared in this chart is provided for strictly educational purposes only.
* This chart is sharing information are based on the theory of technical analysis .
* This is not an offer to buy or sell stocks, futures , options, commodity, forex, interests or any other trading security.
* Back test yourself before jump into live market consult your financial adviser and use proper risk management.
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SMC selling area
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Netflix. Time to Chill.Today, Netflix's (NFLX) price plunged below the Head & Shoulders neckline, with a pronounced downward move. This breach substantially elevates the likelihood of an extended bearish phase, potentially materializing as a significant sell-off leading into the forthcoming fall season.
Projections indicate a retracement towards the 0.5 Fib Extension level, where the price could test support at the mean price of $323.87. This mean price represents the average of the comprehensive bull run, which initiated from the May 2022 low of $162.73 and culminated at a peak of $485, the recent July 2023 top. However, the price could find support at the bottom parallel of the uptrend channel around $370 first before reaching the mean average price target.
Moreover, the recent FOMC minutes revealed the Fed's continued hawkish view on inflation and the possibility of further rate hikes.
We can also expect more fiscal tightening and an inflation resurgence to fuel the coming downtrends across most of the equities markets, especially big tech and crypto. This is particularly noteworthy as the economy could begin to contract due to overly tightened fiscal conditions, along with the looming threat of another Government shutdown in October. Additionally, credit usage, debt levels, and debt interest amounts are all increasing at a faster pace as we progress under these economic conditions.
UNFIUSDTAfter the recent bullish move , now UNFIUSDT is break through inclining trendline and support area as well and it looks like UNFI is ready for big selloff.
Currently the price is retracing a bit and if it get rejection from 4.10 area, will be nice for sellers to attack.
EURNZD AUGUST MONTLY STRUCTURE OHLC(SELL SIGNAL) 🔻🔻🔻🔻EURNZD
AUGUST MONTLY STRUCTURE
OHLC(SELL SIGNAL)
🔻🔻🔻🔻
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"Analysis of FX:EURNZD EURNZD Monthly Price Structure for August
Identification of Open, High, Low, and Close Prices Indicates a Potential Sell Signal
Upon observation of the monthly timeframe, it is evident that the EURNZD pair has commenced the current month by establishing a notably elevated opening value. This is notably observed when focusing on the High price within the daily timeframe, notably situated at the level of 1.83365. This level has proven its significance as a point of strong rejection, thereby serving as a potential indication of bearish sentiment.
Considering this setup, it is advised to adopt a cautious approach and await the confirmation of selling interest before initiating any trading actions. The calculated targets for this potential selling scenario are defined as follows: The initial target is set at 1.80843 , followed by a secondary target at 1.80109 . Additionally, the daily open target is identified at 1.78663 .
To further ensure the validity of this selling proposition, it is recommended to await a definitive crossover signal from the Traders' Dynamic Index (TDI) indicator. This would substantiate the presence of sellers in the market and provide a more informed basis for making trading decisions. Exercise prudence and patience in light of these technical indications."
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P A T I E N C E + D I S C I P L I N E
CADJPY SHORT PREDICTION (SWING)CADJPY has recently reacted off premium area for sells.
The setup is an constant liq sweep of the sell side, as I have my own secret entry plan to dictate the market movements.
3/3 steps of the entry criteria has been met, we can see the 3 TP levels, as when reached TP1 we will take 50% of our positions SL at BE (Breakeven) and let it run to the other TPS.
Navigating GBP/JPY with Care and Confidence this weekA promising setup for GBP/JPY this week would be to closely monitor the potential supply levels around and keep an eye on any bearish confirmation forming in that region. Additionally, watching for any negative news releases or economic data related to both the British pound and Japanese yen could provide valuable insights into potential price movements. Remember to incorporate risk management strategies and stay adaptable to market conditions throughout the week.