JAZZ downtrend intactWe can observe how the price continues to decline within the descending channel. Current pullback might present a solid RR selling opportunity.
Short-trade
EURPLN updated trade ideaPreviously we shared EURPLN short trade setup, which was closed at break even. This time is a new setup with different downside target.
US TECH 100 Short This is with the H4 trend
There is no pattern but it is hitting target 1 for a buy pattern
Most Indices look like they need to fall tonight
Stop loss of 100 pips
Exxon Mobil ShortThere is a triple top on H4 with a lot of resistance
this is against the trend but there is a pattern on H1
Stop loss of 150 points
first target will be the bottom of the range
M15 double top with divergence
Market looks weak this week
Gold Trade Setup: Short Position on Ascending TriangleI've identified an ascending triangle on the gold chart and have taken a short position from the top of the range. My entry is at 2,443.506 with a stop loss placed just above the triangle at 2,446.460.
Ascending triangles typically signal a bullish breakout, but I've positioned for a potential pullback or false breakout. My stop loss is set conservatively above the triangle to protect against any upside breakout. I'm aiming for a favorable risk/reward ratio by shorting at resistance, with plans to take profits at the 15-minute EMA level, which is currently at 2,436.7.
I'll update as the trade progresses.
GTC Short set up GTC was unable to hold the upper support and went below it, additionally, it broke the bearish flag, and going to re-test it, it can be a quick juicy short trade.
Long Idea on KSMok, I need to describe the damn thing, I came in, I just believe in the high season now (I will duplicate the description in coins that I will take)
Long Idea on ENAok, I need to describe the damn thing, I came in, I just believe in the high season now (I will duplicate the description in coins that I will take)
Long idea on $MNTI consider a candle with a large downward shadow a good opportunity to enter a position. Preferably, if the price after such a stabbing returns to 50% of the momentum of that candle, it means that a big player accumulates a position. Of course, if we fix below this figure, the signal is canceled
STRK long Idea I like the final structure that gave an exit to the top that before that was a triangle structure which means the last wave of the fall or rise in our case of the fall
Bitcoin Weekend price prediction I hope you guys enjoyed the video; if you have any questions or comments feel free to comment down below!
Bitcoin Weekly Analysis!Another great week to be trading Bitcoin; i hope you guys traded this week because it was a very volatile week to trade.
CTK - Breakout from the channel - Short Trade#CTK/USDT #Analysis
Description
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+ CTK has clearly established a well-defined channel, and currently, the price is breaking downward from this channel.
+ This signals a bearish trend, offering a potential opportunity for a short trade.
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VectorAlgo Trade Details
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Entry Price: 0.8780
Stop Loss: 0.9558
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Target 1: 0.8236
Target 2: 0.7732
Target 3: 0.7342
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Timeframe:4H
Capital Risk: 1-2% of trading capital
Leverage: 5-10x
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Enhance, Trade, Grow
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Feel free to share your thoughts and insights.
Don't forget to like and follow us for more trading ideas and discussions.
Best Regards,
VectorAlgo
PENDLE - Is there a trade opportunity here ? #PENDLE/USDT Analysis
Description
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+ As depicted in the chart, the price of PENDLE has broken out of the channel after trading within it for approximately a month.
+ This bearish breakout suggests an imminent phase of price consolidation following a bullish trend that persisted for over a month.
+ This presents a favorable opportunity to initiate a SHORT trade.
+ While significant profits may not be attainable in this trade, given the potential for price rebound from one of the support levels, it still represents a respectable opportunity.
+ I anticipate a price rebound after reaching the support range around 2.6.
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VectorAlgo Trade Details
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Entry Price: 2.9762
Stop Loss: 3.44
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Target 1: 2.827
Target 2: 2.6256
Target 3: 2.4415
Target 4: 2.2552
Target 5: 2.124
Target 6: 1.999
Target 7: 1.619
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Timeframe:1D
Capital: 1-2% of trading capital
Leverage: 5-10x
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Enhance, Trade, Grow
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Agree or Disagree with the ideas ? lets discuss in the comments.
Like and follow us for more ideas.
Regards
VectorAlgo
Potential Short on USDJPY
USDJPY is currently in an ascending channel with bearish RSI divergence. Look for a break of trend on smaller timeframe for entry, stoploss at last swing high with target at bottom of channel also could be a bigger move if breaks down out of channel so will be using a trailing SL if it gets there, moving SL to BE when safe to do so.
Potential Short on BBVA
BBVA is currently in an ascending wedge with bearish RSI divergence. Look for a break of trend on smaller timeframe for entry, SL at last swing high with target of $7 also could be a bigger move as in a channel on larger timeframe so will be using a trailing SL if it gets there, moving SL to BE when safe to do so.
Bullish on the 1 Hour, Should we TRADE ...?
After successive trades to liquidity target, the market seems to have lost its Bearish momentum for a bit. This has seen the market take out our zone in a bid to turning Bullish.
For now, we are on a middle course. With the 1 hour reversing Bullish while the 4 hour maintains its Bearish momentum, it is difficult to say whichi direction the market would go for certain.
A second look, not at the charts, but to reservoir of knowledge would reveal that the 1 hour is expected to move in the direction of the 4 hour. And so the 1 hour Bulish impulse is expected to form a retracement for the 4 hour chart, following which the 1 hour impulse will be wiped out by the 4 hour extension.
This is my perspective on this pair
Strong Bearish MomentumOn the 4 hour, we witnessed yesterday how prices retraced Bullish to come into our zone. This saw the 1 hour chart hitting its target price point and proceeding all the way higher to get to our 4 hour Panzy-Pips Block (PB) as marked out on the chart.
From this level, and with this look of bearishness, we expect prices to begin to melt and consequently witness a corresponding dip in prices. The market is expected to stay bearish as we target our 4 hour liquidity target at 1.20899.
Because it is the 4 hour chart, we would be expecting a good amount of swings on the lower timeframes of 1 hour and below.
USDJPY Potential Trading OpportunityUSD JPY tapped into the strong resistance and watch the video to understand how to trade it
Cocoa: On a diet 🚫🍫With the recent surge in cocoa prices, we’ve observed the completion of the white wave d as forecasted in our primary scenario. Given this development, our projections suggest an impending decline characterized by a magenta five-part wave, targeting $2900. Nonetheless, it's essential to consider a 40% probability that the price might reach a slightly higher peak before initiating the expected descent
AUDUSD Short trade waiting the FOMCOn AUD/USD, we have a bearish setup with a trendline that was breached this morning with a simple TOUCH, the third one. The market indeed used it as a resistance, precisely retracing to the 61 Fibonacci level. Now, I anticipate a short position with a target at 0.6360. Happy trading, everyone.
XAUUSD Break and Retest with short trade!Goodmorning Traders,
In this analysis, I am observing that gold is showing signs of weakness. This is indicated by a bearish channel originating from the 1980 level. Furthermore, I see evidence of decreasing swing highs and swing lows. Additionally, we have finally received confirmation of the break of the swing low, followed by a re-test of the midline of the channel. After a week of mixed data for the dollar between the PPI and the CPI, it is now time for selling. Gold is poised to return to levels not seen in months, around 1880-1900.
Feel free to comment and leave a like to support our work. Happy trading to everyone.
CAD/JPY WHAT DO YOU THINK ABOUT THIS?I entered a short position on CAD/JPY following a strong confirmation signal around 107, where there is a Forex48 block, indicating a potential reversal zone for a short trade. I used this zone as my entry point just before the UK and US data releases. Currently, the trade is at breakeven after a strong impulse that almost hit my take profit. Please share your thoughts on this trade and any suggestions for improvement. Kind regards from Nicola, the CEO of Forex48 Trading Academy.
