Sellsetup
NZDUSD OHLC (Possible Sell setup for the Month of May) Nzdusd
OHLC
Month of May
Price has opened high for the month of May with a possible sell setup forming at the current resistance 0.62845 and a sell zone of 0.63693 in the daily time frame. Waiting on TDI cross to confirm sells in market. Patience.
TAKE PROFIT @ 0.61729 (May Open)
Trade with Caution. Wait for valid entries.
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EUR/AUD PRICE ACTION UPDATEThe pair still in consolidation zone. I can See now a bullish triangle is forming and the price is testing the resistance level: We have now two scenarios. If the price breaks the resistance and pullback then buy. other wise if the price returned back to test the support, just wait for a break down to sell.
I'm now more to buy than to sell. I have marked my targets for both sell and buy scenarios.
Good Luck, and trade safe!
Looking for Sells at 1956.21We're looking for a $2 move after the rejection price of gold has been breached at 1956.91. Resistance is holding up strong as price pivoted from that area at 05/19/23. There is a lot of news for the Euro today coming out that is driving the price down with the mixed volume of London session we see a possibility of price having enough volume/momentum to cause price to reduce even further. I am looking for sells only on the break of rejection.
Sells under 1956.21
Target 1954.21
GOLD will fall morepreviously gold made a huge down trend to 2036 are to 2005 area.because of the strength of the dollar had been increasing.So in that case we could expect a more dollar rejection to the upside .Dollar is going up means gold will fall.Not as vice versa but direction are completely opposite .
on the other hand gold will rise fro a long term but we have to see the reaction of the gold in the range of daily channel if it breaks bellow gold should sell if it does not happen then gold will move higher again
currently gold will test the lower trend line in daily time frame.we are only looking for selling opportunities because trend is our friend.
Good luck
EUR/USD: 17/05. Good input for sale OANDA:EURUSD I expect EUR to consolidate in the 1.0850/1.0950 range. EUR traded between 1.0855 and 1.0910 before closing slightly lower at 1.0865 (-0.010%). The fundamental tone has softened somewhat and EUR is likely to drop lower today, but any decline could be part of a lower range of 1.0839/1.0895. In other words, a clear break below 1.0845 is unlikely.
Next 1-3 weeks: “Our update from Monday (May 15, spot at 1.0855) is still valid. As highlighted, the outlook for EUR remains negative and the level to watch is at 1.0805. On the other hand, a breach of 1.0945 (no change to 'strong resistance') would indicate that the EUR weakness that began mid-week is over.
SELL EURUSD zone1.08600 - 1.08800
Stoploss: 1.09100
Take Profit 1: 1.08100
Take Profit 2: 1.07500
GBPAUD Short Trade Idea There was a short trade opportunity recently on the pound-aussie trading chart 📉 after price rejected the confluence of the 1.92279 horizontal resistance level and the upper line of the parallel channel.
This is indicated by the bearish harami candlestick pattern just below the same confluence; there's even a confirmation of a downward trend 📉 by the next bearish candle after the signal candle.
If the downward price momentum is strong enough, the next confluence of the next horizontal support and the lower line of the same parallel channel could be tested.
A reward-to-risk ratio of 3.15 is possible with this setup; you could target over 2700 pips in profit...
Apply risk management in your trading.
Good luck!
GOLD 16/05 : Nice sell entryTVC:GOLD Gold prices push the lower line of a two-month-old bullish channel as XAU/USD traders brace for key US Retail Sales and debt ceiling negotiations among US policymakers.
However, the 200 SMA adds strength to the $2000 support, making it key for the XAU/USD bears to break before taking control.
Even if Gold prices drop below 2003$, the 2,000$ round figure could act as an additional filter south before heading XAU/USD towards mid-April lows around 1,975$ .
On the downside, a two-week-old descending resistance line, around 2,025$ at press time, protects the Gold price rally in the short term.
Following that, the previous monthly high near 2,050$ could test XAU/USD's upside momentum before directing the bulls to the recent record high near 2,085$.
It is worth noting that the top line of the stated bullish channel, near 2,095$ at the latest, stands ahead of a round figure of 2,100$ to challenge the subsequent Gold buyers.
Overall, Gold price is likely to move higher unless it sustains a breakout of 2,000$.
SELL GOLD zone 2024 - 2029
Stoploss: 2034
Take profit 1: 2019
Take profit 2: 2014
Take profit 3: 2009
EUR/USD: 11/05. BREAK THE TREND TO BUY DOWN BEFORE PPI NEWSEUR/USD seems to be seeing more clear signs of rejection of the resistance that formed the top of the shallow uptrend channel from early January, with strong daily and weekly downside momentum.
The support below at 1.0945 has established a near-term top and we look for a test of the 55-DMA at 1.0835, ideally holding on a close. Even so, below will warn of a more significant potential downturn and test support at 1.0545/1.0488.
However, above 1.1098 would suggest we could see a final leg above our 1.1187/1.1273 core target – 61.9% retracement and March high. 2022. Our bias remains to look for an important top here.
Predict SELLING eur/jpy before tonight's CPIEUR/JPY remains up slightly as it consolidates the previous day's declines around 148.380 early on Wednesday. In doing so, the cross shows a bullish pennant chart pattern in the hourly shadow chart. , giving the recent confirmation score.
It should be noted, however, that the MACD line and the Relative Strength Index (RSI) (14) are slow to challenge the quote's upside momentum, alongside the immediate barrier at 148.40
Even if EUR/JPY buyers confirm a bullish pennant breakout, the 50 SMA around 147,500 could act as an additional hurdle before directing the pair towards its theoretical target near 148,000.
Conversely, a breakdown of the aforementioned pennant support line, near 147.500, could challenge the bullish histogram and possibly direct the pair towards the support of the line. SMA 200 near 146.400.
Nasdaq HTF, bears about to take over??Nasdaq has been creating Higher highs and higher lows, but we see price losing momentum as it approaches the supply area. LTF has already created a change of character, therefore I would not advise anyone to look for buying opportunities, rather look for selling opportunities as we are dropping to the unmitigated demand area.
All the best!!!!
Apply proper risk management.
XAUUSD 2023 YEARLY STRUCTURE OHLC [SELL SETUP🚨🚨 🚨]Please support this idea with LIKE if you find it useful.
XAUUSD
2023 YEARLY STRUCTURE
OHLC
Bearish divergence starting from 01 July, 2020 to current market Price in the monthly time frame.
Structure for this year is marked in red vertical line (January). Price opened high with April breaking above the open.
Currently have price consolidating below the sell zone 2017.870. A strong resistance is also in place 2080.140. Waiting for a TDI cross to confirm the presence of sellers in market .
Kindly target the yearly open 1931.722 as first Target after TDI crosses in the monthly time frame. Also find more entries in the lower time frame after this cross. Second take profit will be half of the “railroad tracks” at the open 1871.650
Trade with Caution.
Wait for valid entries.
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