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EUR/ GBP ! 10/31 ! resistance SELL NOW EUR/ GBP trend forecast October 31, 2024 EUR/GBP trades slightly lower near 0.8360 early Thursday in Europe, easing after gains from the previous session. However, the Euro may find support as investors reduce expectations for a large ECB rate cut in December, following stronger-than-expected economic data from the Eurozone and Germany on Wednesday. Focus now shifts to Thursday's release of the Eurozone HICP. H1 resistance - selling pressure exists in this area, besides, today's EUR news data is also predicted by experts to be bad, creating conditions for price to decrease. /// SELL EUR/GBP : zone 1.83780 - 1.83980 SL: 1.84250 TP: 60 - 120 - 200 pips (1.81980) Safe and profitable trading
Short
by Moon-ForexAcademy
1
BTC Short Trade Opportunity and SetupBYBIT:BTCUSDT.P / BYBIT:BTCUSDT / CRYPTO:BTCUSD Bitcoin/BTCUSD has recently hit the resistance level of a pattern that has generally held true since mid March 24 (4 preceding resistance and support confirmations). Furthermore, it has started a return downward move following on from a 3 day filter for confirmation of the resistance level (an example of how a 3/5 day filter is an important tool for crypto trading). Additionally: The RSI resistance level of 70 has been recently reached and the RSI is trending downwards - a usually statistically significant indicator The downward return move is supported by reasonable (although not enough on it's own) volume A 3 bar pattern (downward move, pause, further downward move for confirmation) A rate of change approaching and trending negative A MACD also approaching negative It's always important to assess the risk that might prove the thesis wrong. And they are: Today's candlestick pattern is close to a dragonfly, i.e. there might be a return upwards move imminent (although this is unlikely to constitute a beginning of a move beyond the previous high as an actual dragonfly candlestick is at the end of a downtrend) The MACD is trending down but has not actually turned negative yet, i.e. it is a bit early to say this indicator is stating a downward trend The ROC hasn't turned negative yet either (but is trending downwards for sure) This all leads to the following conclusion: For those with a high enough risk appetite (and usually crypto traders are those with the highest :-)) this is a good entry point for a short trade. Using the (admittedly early but still reasonable) trend for the past three days to determine the final take profit point of 45500 (blue arrow) by approx. 19 Nov 24, the following can be set as a guide for a trade: Entry: Now or latest tomorrow in case today's candlestick is an indicator of a minor move upwards SL: $70,500 TP1: $63,450 - based on the first potential moving average being a resistance (200 MA) TP2: $60,500 - based on the previous move's consistent (and twice confirmed) low TP3: $54,500 -based on a previous historic low (i.e. psychologically important price point) which also acts as a confirmation of support to a previous move TP4: $45,500 - The approximate price point of an estimated downward trend Exit date (independent of TP level): 19 Nov 24 NOTE: the 19 Nov date here is important. It is the forecasted date by which the current downward price trend would linearly reach the support level. This date would be used as a checkpoint to exit the entire trade to safeguard against the normal, usually dramatic and beyond rational calculation price gyrations of crypto.
Short
by slip_stream
USDCAD! 10/30 ! Resistance H4 SELL signal USDCAD trend forecast October 30, 2024 The USD/CAD pair continues its upward trend on Tuesday, rising 0.23% to 1.3910, near Monday’s three-month high of 1.3908. The Greenback's strength, coupled with a drop in oil prices, supports this movement. Positive US economic data has fueled expectations for Fed rate cuts in November. September’s JOLTs report was mixed but slightly below forecasts, while August home price indices exceeded expectations, indicating persistent shelter inflation. Resistance H4 - overbought zone. In the context of the falling dollar, inflation cooling down in the US, causing the USD/XXX currency pairs to adjust down. /// SELL USDCAD : zone 1.39300 - 1.39500 SL: 1.39800 TP: 60 - 100 - 250 pips (1.37000) Safe and profitable trading
Short
by Moon-ForexAcademy
2
$IONQ : 5 REASONS TO BE CAUTIOS! BUYERS BEWARE! NYSE:IONQ 5 REASONS TO BE CAUTIOS! BUYERS BEWARE! 5 REASONS WHY: 1⃣ We have a flag pole pattern. The last flag pole pattern in 2023 had the same 937 bar run before it pulled back. 2⃣ Had a Multi-year Symmetrical breakout but needed to retest the breakout area. 3⃣ RSI is running into resistance 4⃣ Stochastic (Trend) is at all-time highs 5⃣ William R is hitting resistance where the stock has bounced off 4 other times. I like the name and want to HOP on this move higher, but I'm not going to jump on a flag pole without a parachute. I'm targeting PULLBACK and an entry price of $13-$14. Stay tuned for more!🔔 Like ❤️ Follow 🤳 Share 🔂 Will the Flag Pole get bigger, or do you agree we are due for a pullback? What other stocks do you want to see an analysis of? Not financial advice.
NYSE:IONQShort
by RonnieV29
QQQ technical SHORT opportunityNASDAQ:QQQ is approaching a very strong resistance level, which aligns with both a previous supply zone and a diagonal resistance line. This presents an opportunity for a technical SHORT play. Why do I call it technical? Because the market remains very bullish, with no signs of a broader uptrend reversal—especially following strong earnings from NASDAQ:GOOG . If a sell-off occurs, it will most likely lack significant follow-through. Nonetheless, it’s still possible to capitalize on it Disclaimer I don't give trading or investing advice, just sharing my thoughts.
NASDAQ:QQQShort
by hermes_trisme
9
USTD.D updateThis is USDT.D, a reverse indication to how BTC will perform based on money flow concepts. It looks like USDT.D is starting to form a bullish harmonic pattern and if it does and plays out, BTC will dump. Now only that, the PRZ (potential reversal zone) on the harmonic pattern has weight being based on both yearly VWAP as well as a trend line that is based on Fib levels. Therefore, I am looking for quick short scalps today as I believe a retrace is coming. Analysis can always be wrong based on these, so no matter what or how much you trust me, trade safely and have back up plans! @Nate Alert
CRYPTOCAP:USDT.DShort
by Nate36989
OLA ELECTRIC Plummets as Complaints Soar – BUT, We Made Money!OLA ELECTRIC Stock Analysis: Ola Electric (OLAELEC) recently experienced a significant downturn, with all targets met in a notable short trade on the 15-minute timeframe. The ongoing downtrend can be attributed to multiple external pressures: Massive Customer Complaints: India’s Central Consumer Protection Authority (CCPA) reported over 10,000 complaints within a year related to Ola’s after-sales services, billing inaccuracies, and delays. This high volume of complaints is unprecedented, prompting government intervention. Consumer Protection Action: Ola Electric received a show-cause notice from Indian authorities, demanding an explanation for the alleged violations of consumer rights and trade practices. The repercussions could include directives for customer compensation or even financial penalties. Service Overload at Centers: Numerous reports indicate that Ola’s service centers are struggling to keep up with demand, leading to extensive backlogs and dissatisfied customers. According to analysts, many centers appear overwhelmed, further deteriorating Ola's brand image. Market Sentiment Impact: Following these revelations, Ola’s share value has sharply fallen, reversing the gains from its August IPO. The stock has lost nearly 40% in recent weeks, with negative sentiment further amplified by viral customer complaints on social media. With external pressures mounting and consumer confidence waning, Ola Electric’s stock faces a challenging recovery path. The short trade setup capitalized on this decline, achieving all preset targets amidst the company’s reputational crisis. Key Levels: Entry: 93.86 Targets Achieved: TP1 at 90.87, TP2 at 86.04, TP3 at 81.21, TP4 at 78.22 Stop Loss: 96.27 Ola Electric’s road ahead remains uncertain as regulatory scrutiny intensifies and consumer trust continues to erode.
OShort
by ProfitsNinja
4
DIXON Short Setup: Evening Star & Potential HNS with Trendline Weekly Analysis Pattern Observed: Evening Star on Weekly Timeframe Additional Insights - The Evening Star pattern tends to be more reliable on Daily and Weekly timeframes, making this setup particularly noteworthy for swing traders. Trade Setup 1. Entry: Enter after a decisive break below the low of the third (red) candle in the Evening Star pattern. - Alternatively, you may enter on the fourth candle if it signals a reversal, with a stop loss set according to your risk tolerance. 2. Stop Loss (SL): Can be set based on your risk preference, usually just above the high of the Evening Star pattern. 3. Target (TGT): Consider scaling out at key support levels or use the measured HNS target as detailed below if the formation completes. --- Potential Head and Shoulders (HNS) Formation Trade Setup for HNS Pattern: 1. Entry : Enter when price decisively breaks below the neckline on a closing basis. 2. Target (TGT): Measure the distance from the top of the head to the neckline and project it downwards from the neckline for your target. 3. Stop Loss (SL): Place the stop above the head of the HNS pattern. --- Additional Confirmation I've drawn a trendline to monitor for a potential breakdown. If either the Evening Star or HNS pattern aligns with a trendline break, it would serve as an additional confirmation for a short position. --- This setup combines a confluence of technical factors, making it robust for weekly trading decisions. Comments and thoughts welcome! IMPORTANT THINGS TO REMEMBER 1. Don't be fooled by opearators Theyll try it take it up to sell 2. Don't be a hero, follow SL with 1% extra loss max. (as setup is on Weekly TF)
NSE:DIXONShort
by The2PercentTrader
XAU ! 10/28 ! sideway move in trendlineXAU / USD trend forecast October 28, 2024 Gold price (XAU/USD) starts the new week with a slight bearish gap, unable to sustain Friday’s gains near $2,750. Persistent USD strength, supported by rising US Treasury yields and expectations of smaller Fed rate cuts, puts pressure on the metal. A positive risk sentiment also adds to the downward pull. However, safe-haven demand from Middle East tensions and US election uncertainty limits further downside for gold. Traders may remain cautious and hold off on strong bearish positions ahead of key US data this week, including Q3 GDP, the PCE Price Index, and the Nonfarm Payrolls report. On Monday, gold price moved sideways within 2 trendlines, waiting for NF news fluctuations this week. /// SELL XAU : zone 2743-2746 SL: 2751 TP: 50 - 200 - 300 pips (2716) Safe and profitable trading
OANDA:XAUUSDShort
by Moon-ForexAcademy
5
Alikze »» SEI | Double top - 1D🔍 Technical analysis: Double top formation in the supply area - It is moving in an ascending channel in the daily time frame. - The upward corrective wave has been able to return up to 0.50% of the Fibo of the previous wave, which has faced selling pressure in the supply area with the formation of a twin ceiling. - Currently, with the failure of the negative line and selling pressure, if the price cannot stabilize above the 0.3906 range, there is a continuation of the downward trend up to the block order range. - If it encounters demand in the green box area, it can have a return to the blue box area. 💎 In addition, if the selling pressure is sharp, the probability of breaking the green box area for the target is 0. 1954 will exist. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« BINANCE:SEIUSDT
Short
by alikze
Continue short-term correction 2709 ! XAU⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Gold prices (XAU/USD) dipped during the Asian session on Friday, reversing part of the previous day's gains but staying within the week's trading range. With less than two weeks to the November 5 US presidential election, polls indicate a close race, adding political uncertainty. Combined with tensions in the Middle East, this uncertainty supports demand for gold as a safe-haven asset. However, the impact is tempered by renewed US Dollar (USD) strength, driven by expectations that the Federal Reserve (Fed) will take a cautious approach to easing policy. Recent US economic data has shown resilience, reducing the likelihood of a large rate cut in November, which supports the USD and pressures gold prices. ⭐️Personal comments NOVA: H1 frame continues to adjust slightly downward - expected price range 2709 - 2680 for seller liquidity ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2750 - $2752 SL $2758 TP1: $2740 TP2: $2730 TP3: $2720 🔥BUY GOLD zone: $2709 - $2711 SL $2704 TP1: $2718 TP2: $2730 TP3: $2740 ⭐️Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order. ⭐️NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account
OANDA:XAUUSDShort
by Nova-Scalper
3
10/25 ! USD JPY ! touch trend set up SELL USD/ JPY trend forecast October 25, 2024 The Japanese Yen (JPY) failed to build on Thursday’s recovery and faced renewed selling pressure during Friday's Asian session. Japan's business activity data for October showed a contraction in both manufacturing and services sectors. Additionally, a drop in Tokyo’s core inflation below the Bank of Japan’s (BoJ) 2% target lowered expectations for further rate hikes in 2024, weighing on the JPY. A positive market sentiment and US Dollar (USD) buying also supported the USD/JPY pair around the mid-151.00s. However, verbal intervention by Japanese authorities helped limit further JPY losses. Traders now await US economic data for short-term direction amid political uncertainty before Japan’s general election on Sunday. H1 frame shows the price zone is adjusting - touching the trendline, continuing to adjust down /// SELL USDJPY : zone 151.850 - 152.050 SL: 152.500 TP: 50 - 100 - 250 pips (149.550) Safe and profitable trading
Short
by Moon-ForexAcademy
2
XAU ! 10/24 ! Adjustment and price decreaseXAU / USD trend forecast October 24, 2024 Gold price (XAU/USD) rises to the $2,736-$2,737 range during the European session, recovering some losses from the previous day’s pullback from a record high. Ongoing Middle East conflicts and uncertainty around the upcoming US Presidential election on November 5 boost demand for the safe-haven asset. Additionally, a slight dip in the US Dollar from its near three-month high and falling US Treasury yields further support gold's upward movement. Gold price continues to be in the long-term uptrend - however, there needs to be adjustments for the market to stabilize and rebalance. Expected price range 2700 - 2680 in the short term /// SELL XAU : zone 2740-2743 SL: 2748 TP: 50 - 200 - 300 pips (2713) Safe and profitable trading
OANDA:XAUUSDShort
by Moon-ForexAcademy
6
Bearish pattern - XAU correction ! 2700⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Gold prices are recovering part of Wednesday’s decline from the record high of $2,759 early Thursday. The rebound is supported by a pause in the US Dollar's rise, as US Treasury bond yields stabilize ahead of the preliminary S&P Global US PMI data. Gold is now awaiting the US PMI data for further direction. The slight pullback in the USD and yields is likely due to improving market sentiment in Asia after Wall Street's tech sell-off. US equity futures are also recovering, helped by Tesla Inc.’s positive earnings report, which provided some relief to investors. ⭐️Personal comments NOVA: A HEAD AND SHOULDERS model is forming, long-term H2 frame RSI bearish divergence. Expect gold's correction to approach 2700 - 2680 ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2763 - $2765 SL $2770 TP1: $2755 TP2: $2747 TP3: $2740 🔥SELL GOLD zone: $2739 - $2741 SL $2744 scalping TP1: $2735 TP2: $2730 TP3: $2720 Note the support zone: 2680 🔥BUY GOLD zone: $2701 - $2703 SL $2696 TP1: $2710 TP2: $2718 TP3: $2725 ⭐️Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order. ⭐️NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account
OANDA:XAUUSDShort
by Nova-Scalper
8
correction befor direction in BtcBeautifully, from the level I expected, the price was rejected and formed the bottom of the descending range, although the reaction was so fast that it did not reach the entry point of my long stop, which of course did not give a good R/R in case of direct entry, and by the way, the same liquidity that is from itself Leaving it gives a reason to be caught and go down faster... Considering the liquidity of the liquidity trend line that is formed below the 4-hour premium range, when the price reaches the range of 68,000, which is the closest daily level in the premium range area. It is set for 4 hours and I am waiting for a short setup after receiving confirmation in the lower time frame, and if it crosses the 69,000 level, it is the last area that can be entered directly even if an indusment is formed.
Short
by MrHunterTradeInsight
Apollo Hospitals Enterprises Ltd – Technical AnalysisCurrent Price: ₹6,891.95 (-1.35%) Key Levels: Resistance: ₹7,037 Support: ₹6,875 (immediate), ₹6,700–₹6,600 (critical) Trend: Price has broken the lower boundary of the upward channel. Watch for a potential reversal around ₹6,700–₹6,600. RSI: Neutral, trending lower. Moving Averages : Testing the 50-day MA. 200-day MA at ₹6,200 acts as strong support. Volume: Decreasing, signaling less buying pressure. Strategy: Buy if reversal occurs at ₹6,700–₹6,600, targeting ₹7,037. Stop-loss : Below ₹6,500 for risk management. Note: A break below ₹6,600 may lead to further downside.
NSE:APOLLOHOSPShort
by AngshumanSaikia
XAUUSDHere is our view and update on XAUUSD . Potential short opportunity. As per our last mind, we were waiting for signs of exhaustion on XAUUSD . As we failed to break a new ATH today, we could consider this a “double top” as well. In detail, We failed to break a new ATH (All Time High) . We will most likely drop down to 2714 which is an important KL (Key Level) for us. If broken, we will see deeper pullbacks to 2696 or even revisiting our previous ATH at 2685 . Keep in mind if our KL at 2714 is not broken, we might consolidate between levels 2714 - 2740 . PARAMETERS - Entry: 2731.561 - SL: 2743 - TP: 2685.800 KEY NOTES - XAUUSD failed to create a new high. - XAUUSD price is showing slight exhaustion. - Break below our KL (Key Level) could result in more downside. - Failing to break our KL could result in some consolidation. Happy trading! FxPocket
OANDA:XAUUSDShort
by FxPocket
1
BTCUSDT short using proprietary multi-timeframe trend detectionBTC has rejected the short term trend (13D EMA) yesterday and again today on the H1 time frame. For the coming hours it will be quite interesting to gauge wether we see a reclaim of the H1 200D EMA or not. We've had a candle close below it and look to be targeting 65.5k - 64.7k in the short term. Would be a great zone to look for swing longs into new highs in my opinion. Entry: 66874 SL: 68007 TP: 64736 Short term I'd like to see the H4 close back below 66k for relative confidence that this leg is well underway. Will look to move the SL into BE when that happens.
Short
by backo3456