MATICUSDTMATICUSDT is trading in symmetrical triangle and break through very strong support. As the the price is respecting falling trendline, it seems like a retest of broken level can initiate another sell off.
Sellsetup
CHZUSDTCHZUSDT is in under strong sell pressure. recently the instrument has broken strong support zone and now testing the broken zone. as it is also getting sell pressure from 100EMA , seems like pair is getting ready for another sell off.
TESLA PossibilitiesFor todays earnings call I expect stable or rising car sales but a lack of earnings because of tremendous rebates.
So this could be the path for NASDAQ:TSLA in the next days or weeks.
This is my personal opinion. Not an investment recommendation. No recommendation for action. Do your own research.
BOOM +295 Pips Profit In The Free Trade I Shared Yesterday after hitting the resistance this pair moved straight to the downside and broke the previous low so we can expect more melting
GBP/CAD Hit +135 Pips So Fast 0 Drawdown Hope U Entered With Meafter hitting the resistance this pair moved straight to the downside and broke the previous low so we can expect more melting
GBPJPYGBPJPY is in bearish trend and recently retraced to fib golden ratio and now it seems like the pair is getting ready for another sell off.
AUDCAD sell setup at major resistance zonethis pair is back to approaching and testing a major resistance level at around 0.90962.
GOLD's Next Move ¬_¬ INVERTED CHARTGold has broken above our 1933 level giving the impression that gold will move higher. I've entered buys from 1930-1933 range to take to 1955. The price is at a very important level and this will decide if we hit new highs or new lows. I am expecting gold to move to 1954 and sell off from there. Either way we move level to level. I'm waiting for sells at 1955 or buys at 1913. good luck and manage your risk accordingly.
GBPUSDGBPUSD spiked during NFP because of softer USD data. The pair is trading at weekly supply zone and now being rejected from zone for deeper correction.
GBPUSD JULY MONTHLY STRUCTURE OHLC [SELL SETUP]🔻🔻🔻🔻GBPUSD JULY
MONTHLY STRUCTURE
OHLC
🔻🔻🔻🔻
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The monthly structure of GBPUSD for the month of July indicates a SELL SETUP based on the OHLC (Open, High, Low, Close) pattern. When considering this trade, there are three crucial factors to examine: Divergence, Market structure, and TDI Cross .
A significant observation is the bearish divergence in price, which has occurred from the high point reached on June 16th to the current market price. This divergence signifies a clear instance of market manipulation. Furthermore, in the daily timeframe, the price opened at a high level and is currently being rejected at the resistance level of 1.28496. Consequently, an optimal region to initiate sell positions would be below 1.28092.
Upon the TDI (Traders Dynamic Index) crossing in the Daily timeframe, my primary target area will be at 1.27142 , followed by the second target at the daily open of 1.26951 . The third take profit (TP) level will be set at the previous month's open of 1.25235 . Finally, the ultimate target will be the yearly open at 1.23448 . It is noteworthy that the GBPUSD exhibits a sell setup, and even the yearly structure supports this notion. Further details and confirmation on this can be found in the link that I will share in my upcoming post.
Target 1- 1.27142
Target 2 - 1.26951
Target 3 - 1.25235
Target 4 - 1.23448
It is crucial to exercise patience and await the TDI cross before taking any action.
Trade with Caution. Wait for valid entries.
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P A T I E N C E + D I S C I P L I N E
usdjpy short
⚠️ Notice:
I will enter one third of my position on 70/30% of the box and the rest of it in the middle (50%) of the box. My TP would be R/R=3 and 5.
Please trade with your own money management methodology and be aware that trading has its own risks and rewards.
AUDUSD - 240 MINS TIME FRAMEThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves.
we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle.
Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price.
Keep it simple, keep it Unique.
please keep your comments useful & respectful.
Thanks for your support....
Tradelikemee Academy
GBPCHF: SELLS INCOMINGHello, everybody and welcome to BIGPAPA Forex, today we are going to be analyzing the GBPCHF pair, translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities.
26/6 GOLD? limited upside potentialThe US Dollar has seen some modest strength, which is helping to limit the rise of the XAU/USD. In addition, Federal Reserve Chair Jerome Powell, during his recent testimony, emphasized that the central bank plans to raise interest rates gradually to combat high inflation. Powell also stated that rate cuts are not expected in the near future and that the Fed will wait until they are confident that inflation is moving towards the target of 2%. As a result, US Treasury bond yields have increased, providing some support for the US Dollar and potentially keeping the price of Gold in USD from rising significantly.
Gold price today is fluctuating around the $1920 mark. The price range is not high
SELL zone : $1930 - $1935 SL 1945
Using 2 moving averages EMA 34, EMA 89 parallel to the stiff resistance areas at $1930 - $1935 and $1954 - $1957
CADCHF 240 MINS TIME FRAMEThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves.
we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle.
Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price.
Keep it simple, keep it Unique.
please keep your comments useful & respectful.
Thanks for your support....
Tradelikemee Academy
NASDAQ OHLC SELL SETUP🔻🔻🔻 2023NASDAQ
OHLC SELL SETUP🚨 🔻🔻2023
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NASDAQ's yearly structure for the year 2023 demonstrates an OHLC (Open, High, Low, Close) Sell Setup. Upon analyzing the monthly timeframe, it is evident that the price is currently facing rejection at the resistance level of 15282.70 . To capitalize on the selling opportunity, it would be ideal to wait for a close below the level of 14693.30 , as this would indicate a favorable zone for entering sell positions, with sellers expected to dominate the price action.
Before initiating any sell trades, it is advisable to confirm the setup with a TDI (Traders' Dynamic Index) cross, which can provide further insight into market momentum and potential entry signals.
Once the sell trades are initiated, the first target to consider would be at 14473.66 . This particular level is significant when switching to the weekly or daily timeframe, presenting an opportune zone for potential price reversals or profit-taking. Should the price continue its downward movement, the second target would be at 13309.50 . Finally, the third target aligns with the monthly open at 12094.65 , which also holds importance due to price retesting key zones.
It is worth noting that the price rejection aligns with the previous year's (2022) open, indicating a consistent pattern. Furthermore, both the first and second targets align with the opening levels of 2021, adding further excitement to the trade setup as price retests these crucial zones.
Taking into consideration the weekly timeframe, it is noteworthy that a bearish divergence has been forming since January 2022 and continues up until the current market price. This divergence further supports the sell bias and suggests potential downside movement in the market.
Please be aware that financial markets are subject to various factors, and it is essential to conduct thorough research and analysis before making any trading decisions. It is recommended to consult with a professional financial advisor or conduct your own research to validate and confirm the provided information.
It is crucial to exercise patience and await the TDI cross before taking any action.
Trade with Caution. Wait for valid entries.
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P A T I E N C E + D I S C I P L I N E
Short while we have some money to CollectExecution after analysis should be pretty self explanatory after taking a quick glimpse at this chart. Our usual play here is coming into formation. If we have enough volume during this upcoming London Session OR Wednesday morning New York open. On a price action trading standpoint we should typically see a heavy movement after consolidation. Price may in fact keep this downtrend going for a little while longer...but we have our zones of contentions in place. If we have a push to the downside we can keep watching to see if momentum will keep price going, with enough volume it could break out zones and breakout.
Looking to enter when price hits 1929.00 taking profit 1927.00.
USDCHF sellUS dollar vs swiss franc the pair has pulled over to the H1 resistance zone and on this level it has shown a rejection with an inverted hammer through which it looks like bulls have losen up some control but also am watching this zone as retailers will be misguided here with a buy trade setup as the pair is moving in a channel formation so its possible that pair will fakeout the resistance zone and will come back to its direction selling to its daily level trendline so we will be waiting for a bearish setup to form as a scalper inverted hammer 🔨 is enough for me to enter sell trade but i am waiting for a proper confirmation candle like Bearish Engulfing or a Bearish Morubozu
XTIUSD sellwti crude oil or XTIUSD has formed a wedge pattern and we are watching for price to reach at our resistance level so we will be making a short trade so waiting for price action to form and we will be shorting this commodity there is another confluance for this short trade is 200 EMA resistance so we will be shorting
GBP/CHF Free Buy Trade + AUD/USD Update Hit Stop loss GBPCHF is giving us a great sell trade soon around one of the historical areas
also a new update on AUDUSD After it hit stop loss
NZDUSD - Breakout Of A Range?Analysis:
From the charts we can clearly see that price was stuck in a range until recently where we saw a breakout to the downside signalling to us that there is downwards momentum. With this bias we're only looking for shorts on this pair. Price has since returned to our area of interested, giving us the opportunity to look for shorts from this area. Why this area? Well for added confluence we also have the 50% fib retracement level which has been tagged and which we expect to hold and for sellers to continue to push price down further. Our second added confluence that we have is the downwards trendline that is clearly present on the chart. We expect that this trendline will be respected meaning that price will head to the downside. When we look at the fundamentals these also go in our favour. The USD is stronger then the NZD with the USD being the 2nd strongest major currency compared to the NZD which is the 4th strongest major currency so this helps our idea. For more confidence in this setup the NZD had an increase in short positions meaning that more institutions are starting to short the NZD. Now institutions have access to a lot more data then we do so there must be a reason why they are starting to short the NZD whereas we actually see an increase in both long and short positions on the USD. Although this isn't a positive it also isn't a negative as there are still institutions entering long positions on the USD. With all of the data we have access to and taking a look at the technicals and the fundamentals we are bearish on this pair!
Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read. We appreciate it all.
Stay Safe - JPI
Disclaimer:
This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does to. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
