Shortselling
Correction:The #1 Mistake...AUDJPY Is Going Down ⚠️I was reviewing my last post...and I made a terrible mistake. OANDA:AUDJPY is in a down trend.
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Last week I thought FOREXCOM:USDJPY
Was going up but I was wrong on that one as well...
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Because I had not confirmed the 13 EMA system.
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To learn more about the "13 EMA System" please check out the references below.
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⚠️Disclaimer: Trading is risky you will lose money wether you like it or not please Learn About risk management and profit taking strategies.
CAKE has a short candidate CAKE on the 30 minute chart shows suggests as a short candidate including death crosses as well
as a loss of strength on the RSI indicator. I will short CAKE and investigate put options for
sufficient volume and level of implied volatility.
13 Rand per dollar is comingremember my previous rand idea, this is what it is based on.
Daily timeframe we sold around 19 rands, because we had just completed a correction cycle Y which is a top when looking on the weekly timeframe.
From 19.80 rands we have been in a sideways correction, so for the correction cycle to be complete, we need to break below 17.60 and break above it again, otherwise we will continue dropping till 13 rand, which is my hopeium target for rands.
CZ's money laundering problems could spell over into crypto !The outcome of the allegations against CZ and Binance may have significant implications for the entire cryptocurrency industry. Although the prices have not seen any sign of weakness, maybe it's because they are still pumping, once they are done no body can stop this from making a good enough size correction to the downside.
Not an investment advice I could be wrong.
Pump the idea with your likes for regular updates on BTC prices.
Thank you
TECHM ( SHORT SELLING SETUP)In TECHM stock we can see trendline in Daily Timeframe (1D).
Right now stock is trading at price of 1175 Rs and the support of trendline lies on 1170 Rs.
Also according to the Fibonacci Retracement drawed from bottom to top the stock has broke the support of 0.382 which is at price 1240 Rs and now at trendline support.
One can plan short selling from here at price of 1170 Rs with small STOPLOSS at 1240 Rs(which is zone of 0.382 from Fib Retracemnet) and the 1st TARGET for short selling is 1080-1170 and 2nd TARGET is 990-980 Rs as there is major SUPPORT at 980 level.
There are Q3 rersults are coming of TECHM in upcoming days therefore the STOPLOSS should be little big which can provide space for volatility and SL will be safe thats why we put SL of 70 rs and the TAEGET of 200 Rs againts it. Which gives the RISK REWARD RATIO of 1:3.
The price of USOIL may potentially decline further. short?-We may see a fall towards fibo 1 or even lower.
- More confirmation below the apex of triangle.
guidelines of flat.
Wave B usually retraces between 100 and 138 percent of wave A.
Wave C is usually between 100 and 165 percent as long as wave A.
Wave C usually ends beyond the end of wave A.
Nifty 50 Analysis based on price actionAnalysis based on price action to figure out how price reacts along with option chain, multiple pattern formation, tried to test Elliot wave too, retracement levels marked as per fib retrace, day low considered as strong support along with 2 resistance level as per Fibonacci. Candle stick analysis. Also used volatility index to figure out the movement of the market and levels it would break. Volume played special role today in breaking the support zone. Price stayed range bound until 1300 hours and then a sharp fall was seen. Expecting a Gap up on Monday with atleast 70 to 80 point and then another reversal.
USDJPY Swing Trade✨ USDJPY... DT (52W, 4W) ✨ Swing Trade ✨
-SL @ 146.646 🚫
MO @ 139.867 📉
SLO @ 144.405
TP1 @ 131.232
TP2@ 118.629
TP3@ 110.372
Current Opportunity
I predict that there will be a downward retracement for DXY, and as a result, we can anticipate a similar retracement in USDJPY. My strategy involves taking profits at different stages: I intend to reduce my position by 25% at the first and second take profit levels, and ultimately close my entire position when the third take profit is reached.
BIG Picture
Based on our analysis, USDJPY is currently in a long-term uptrend, and our team maintains the perspective that this upward trajectory will persist even after the expected retracement. We aim to take advantage of this retracement and update you on potential long positions as we approach TP3.
Happy Trading!!
PacWest - Bollinger Bands breakouton 5 min time frame, using indicator BB with RSI, entry taken as per Divergence, movement confirmation with Stoch RSI, Heikin-Ashi, Gap up opening confirmed reversal to the price calculated earlier on weekend for price to open @ $5.50 wherein pre market showed jump in price due to dividend cut decision by bank to -96%, total duration of trade is around 1 hr 30 min. Was able to achieve target defined with almost 14% gain. Closed the trade as per candle confirmation (hammer candle formed at the bottom - which gave upward confirmation to closed the trade.
Rising wedge still on the tableThis rising wedge of relief rally is very much happening,
All market movers (Fed, gov, banks & exchanges) will push for increases in assets for insiders to sell off.
Micro ( 1 month ) go long
Macro ( 3 month+) go short
Inflation needs to be addressed, money printing and spending approaching big lows
same old sh!t, just new school assets playing their part of the manipulation game
just my paranoid opinion, share yours, all welcome!
USOIL is short signalMaking a Bearish triangle and also have a gap if it comes down so it may fill the gap
Crude sell at 80.81.
TP1 78.90
TP2 77.90
TP3 77 (If it fills the gap)
TP4 75.80 (If it fills the gap)
SL 82
Bullish reversal for AUDUSDPrice has made a bearish divergence. Head & Shoulder has formed as a clear indicator of trend reversal. If the price breaks the neckline it will be trend reversal.
Bullish Reversal for AUDCAD ( Rising Wedge )Price has made a bearish divergence. The price had broke the neckline and it will continue now as a bearish trend . Rising Wedge breakout has formed as a clear indicator of trend reversal.
Short Selling Opportunity Ahead: AUDCAD Analysis | 4h chartHello traders,
As you can see in my previous post the resistance level reached and profit target hit.
Now again short selling opportunity on the horizon. Wait for the OANDA:AUDCAD to close below stable support (0.91200-0.91500) and test resistance before opening short position.
Avoid long position due to downward trend and high supply.
Thanks & regards,
Alpha Trading Station
Disclaimer: This view is for educational purpose only & any stock mentioned here should not be taken as a trading/investing advice. We may or may not have position in the stocks mentioned here. Please consult your financial advisor before investing. Because Price is the "King of Market".
