Shortposition
Short GETRA short at 0.2889 to 0.2595 with the necessary risk management will bring a 10.17%+ return
NZDUSD Full Detailed Analysis + Possible Trade Very Soonthe current trend is a down trendline and the price is moving in nice decent waves. if we do a back test you would see that the price will soon hit a strong area of resistance. we should be ready with a sell trade around this area that happens to be the 61% fib level.
EURNZD currency pair analysisWe see the formation of a bearish Gartley harmonic pattern in the descending channel.
The role of dynamic resistance is also very important. A resistance that the price has reacted to many times.
It is expected that the price will experience a drop to at least the 1.7850 range.
A breakdown of dynamic resistance and the ceiling of the descending channel will invalidate the analysis.
BTC/USD analysis in 4h timeframeAs we expected bitcoin made a new all time high $73000 area and collect the liquidity over the last ATH $69000.
price is in a trading range between $60000 / $74000.
New flag limits are marked on the chart.
Bitcoin is forming a wyckoff structure and if it ingulf $58000 / $61000 demnad zone it will confirm the structure.
If the WYCKOFF structure is confirmed, price my fall down to $52000 Demand zone.
Otherwise if it gives us a bullish signal on $61000 Demand zone it will be a good investment too buy some #BITCOIN .
Shorting Nifty 50: Potential Reversal Signal at Bearish OBHey Traders,
Thinking of taking a short ride on the Nifty 50? Here's why I'm feeling bearish about it. So, there's this Bearish Orderblock (OB) lurking around 0.30% above the current price, hinting at a market reversal. But wait, there's more! The Bearish Fair Value Gap (FVG) is also signaling some downward action, possibly even before we hit that OB.
Now, let's talk strategy. Our entry point is 22343.70, a sweet spot where we expect things to turn south. And to play it safe, we've got our stop-loss (SL) set at 22637.55. As for the take-profit (TP) targets, we're aiming for TP1 at 21710.20 and TP2 at 20983.10. Feel free to cash out earlier if you're happy with your gains, and don't forget to trail that stop-loss.
Oh, and here's a pro tip: keep some cash handy for dollar-cost averaging (DCA) around 22526.60. This way, we're ready to tweak our position if the market throws us a curveball.
Our decision to enter the market is also influenced by Fibonacci retracement levels, particularly the presence of Golden Pockets, reinforcing the validity of our trade setup.
In summary, the confluence of technical signals, including Bearish OB, Bearish FVG, and Fibonacci retracement, strengthens the rationale behind shorting the Nifty 50. By adhering to prudent risk management principles and remaining adaptable to market movements, we aim to capitalize on potential downside opportunities effectively.
Note important thing: It could be that the market opens at monday and the market goes up, so we will wait a bit.
Like (boost), follow, comment and share this trade idea!
For the optimal TradingView experience, upgrade now to unlock the platform's full potential: www.tradingview.com
Technical analysis of the CADCHF currency pairThe price has once again hit the ceiling of the red and black descending channel. At the same time, we see the price hitting the 200-day moving average and the supply range of 0.6700. In general, we see a very strong resistance range, which can result in a price drop.
Note that if the price breaks this range upwards, a very strong buy signal will be issued. Otherwise, we should see a price correction.
AUDNZD - 1H - Rising Wedge - Short PositionIn this chart we have observe it is an Uptrend with HH & HL.
then we spotted a Bearish Divergence in the RSI.
with that we see the price is start shrinking creating a Rising wedge. which lead us to take a short entry
GBPJPY - 1H - DOUBLE TOP - SHORT ENTRYIn this chart we have spotted Double Tops, and we also spotted bearish Divergence in the RS 14.
We are little late in the entry
But we expect we can hit the TP
GBPNZD - 1H - RISING WEDGE - SHORT ENTRYIn this chart we have spotted a rising wedge which means at a certain point it will start a down rally. There series of HH & HL. we also spotted Divergence in the RSI which also indicate a down trend.
📈Near: Bearish Rejection at Weekly Resistance✅🔍Today's analysis focuses on Near, which experienced a rejection from the weekly resistance at $8.39 on the first day of the week. The rejection candle engulfs the previous three candles, indicating strong resistance. However, it's noteworthy that the volume of the rejection candle is lower than the preceding candle, suggesting significant resistance despite a surge in buying volume failing to breach the resistance barrier.
🌪Since March 11th, Near has been consolidating within a range, with the weekly resistance at $8.39 and the support at the 38% Fibonacci level. Both levels exhibit considerable strength, but a preference for a downward correction is apparent from the price action, given the dominance of red candles, potentially stalling the upward momentum. Nonetheless, the weekly and daily trends remain bullish, capable of easily reversing the sentiment on the 4-hour timeframe if the resistance is breached. Therefore, vigilance is required to avoid missing out on potential gains.
📉For short positions, the 38% Fibonacci level serves as a trigger, but it carries significant risk, necessitating careful risk management. Quick profit-taking is advised if the level is breached, as it may signify the beginning of a market downturn, with sellers yet to fully assert their control.
📈For long positions, awaiting confirmation within the golden Fibonacci zone or entering after the $8.39 resistance is breached is recommended. Moreover, if the RSI can break above the 62.69 resistance and the price overcomes its weekly resistance, targeting $13 becomes plausible, potentially offering a risk-reward ratio of 10 with prudent stop-loss placement.
🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2.
