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Shortsetup

USD/JPY breaking down from channel support line..!The Japaneese yen is getting stronger after the japaneese stock market is crashing. People panic selling stocks to buy Yen.. The 12.4% loss on the Nikkei stock was the worst day for the index since the “Black Monday” of 1987. Looking at FX:USDJPY we have broken down from the trading range we have been in since DEC 2022. We could now go up for a re-test of the channel resistance line before further downside could be the next moove. Next demand zones should be at about 137 and 131 and i look for a short opportunity at the re-test of channel resistance line. Make sure to follow me on X for weekly trade analysis: @PuppyNakamoto
Short
by WOLFofBlockStreet
EUR/USD - Short PositionFeeling a downward trend is coming for the currency pair for the next 24-48 hours: - Recently overbought, but made a reversal recently below the 70 mark (typically price action I use to determine a switch in the trend). - Good set of resistance (as indicated by the red). - VFI has just about started to drop, hoping to see a slightly stronger bear takeover. I'll be closing the position when/if: The RSI drops to 30 or below The VFI drops below the median Happy trading!
Short
by FytaLO
ATH XAU ! 2645 ! Continuing uptrend⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold prices (XAU/USD) reached a new all-time high during Tuesday's Asian session but saw limited follow-through as traders await more clarity on the Fed's rate-cut plans. The focus is now on upcoming FOMC speeches and Friday's US PCE Price Index release. Expectations for further Fed easing, which has limited the US Dollar's recovery after last week's large rate cut, support gold. Ongoing geopolitical tensions in the Middle East, US political uncertainty, and economic slowdown fears also continue to bolster demand for the safe-haven metal. ⭐️ Personal comments NOVA: After yesterday's PMI news - gold price continued to positively increase, creating a new ATH. Today, the new ATH trend continues to increase slightly - then it needs to decrease to get liquidity - stabilizing the market ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2591 - $2589 SL $2584 TP1: $2600 TP2: $2610 TP3: $2620 🔥BUY GOLD zone: $2604 - $2602 SL $2599 TP1: $2610 TP2: $2618 TP3: $2625 🔥SELL GOLD zone: $2643 - $2645 SL $2650 TP1: $2630 TP2: $2615 TP3: $2600 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL 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 - The winner is the one who sticks with the market the longest
OANDA:XAUUSDShort
by Nova-Scalper
6
XAU in correction range as it hits ATH 2600⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold prices (XAU/USD) gained traction during the Asian session on Thursday, breaking a two-day losing streak and halting the pullback from its recent record high. The US Dollar's recovery following the Federal Reserve meeting lost momentum after a brief rise, which supported renewed demand for gold. Additionally, concerns over potential economic slowdowns in both the US and China, along with escalating tensions in the Middle East, boosted the safe-haven appeal of gold. However, the Federal Reserve signaled a cautious approach to large interest rate cuts, leading to a rise in US Treasury yields, which may limit further gains for gold. Traders are now awaiting key US economic data, including Jobless Claims, the Philly Fed Manufacturing Index, and Existing Home Sales, for additional direction. ⭐️ Personal comments NOVA: Gold price completed the upward cycle reaching the expectation of $2,600 - within the H1 frame's downward cycle, moving within two H1 trend lines. ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2531 - $2529 SL $2524 TP1: $2545 TP2: $2560 TP3: $2573 🔥SELL GOLD zone: $2575 - $2573 SL $2578 scalping TP1: $2568 TP2: $2560 TP3: $2550 🔥SELL GOLD zone: $2583 - $2585 SL $2590 TP1: $2570 TP2: $2560 TP3: $2550 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL 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 - The winner is the one who sticks with the market the longest
OANDA:XAUUSDShort
by Nova-Scalper
30
DOGS ShortDOGSUSDT is currently trading within a descending channel, indicating a bearish trend. This pattern suggests that the asset is experiencing downward momentum, with lower highs and lower lows. A break below the channel support could signal further downside potential. We should monitor key support levels for possible continuation of this bearish bias. It could rise for short term but there is resistance at 0.001170 that would push it down. Stop loss 4 hour close above 0.0013 would invalidate this idea. 📉 #DOGSUSDT #Crypto #Bearish"
Short
by cuteMoth17140
7
New ATH XAU above 2630 next week✍️ NOVA hello everyone, Let's comment on gold price next week from 9/23 - 9/27/2024 🔥 World situation: Gold prices surged past $2,600 to a new record high, fueled by expectations of further rate cuts from the Federal Reserve (Fed) and rising tensions between Israel and Hezbollah. XAU/USD is trading at $2,621, up 1.37%. Risk aversion is evident as Wall Street's major indices posted slight losses. Fed Governor Christopher Waller supported a 50-basis-point rate cut, expecting low August PCE inflation data. 🔥 Identify: FOMO to create new ATH for XAU is still very large - continue to expect higher price zones next week, before the market corrects again. New ATH target: 2643-2665 🔥 Technically: Based on the resistance and support areas of the gold price according to the H4 frame, NOVA identifies the important key areas as follows: Resistance: $2638, $2650, 2665 Support : $2584, $2558, 2529 🔥 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 - The winner is the one who sticks with the market the longest
OANDA:XAUUSDShort
by Nova-Scalper
1
XAUUSD Big Move Will be there? | 2h Analysis Hello, community! 👋 How are you all doing this week? I hope you’re ready for some insightful trading opportunities. Let's dive into the analysis for XAU/USD (gold), as it looks promising for a bearish trend. Market Overview This week, XAU/USD is presenting a potential bearish scenario. After observing the current market conditions and price action, I’ve identified a key resistance level at 2641. This level is critical for our bearish outlook, and I’ll explain the setup in detail. Key Levels Entry Level: 2641 First Target: 2603 Second Target: 2580 Third Target: 2547 Stop Loss: 100 pips above the entry (approximately 2741) Trading Strategy Entry Confirmation: Wait for a clear rejection (chock) at the 2641 level before entering the trade. This confirmation is crucial to ensure that the bearish momentum is established. Target Management: The first target is set at 2603, which is a realistic point to take partial profits. The second target at 2580 provides a further profit-taking opportunity as we approach the anticipated bearish trend. Finally, the third target is 2547, representing a solid point for potential further downside. Stop Loss Consideration: Place a stop loss 100 pips above the entry level, allowing for some volatility while protecting your capital. This positioning ensures that any unexpected bullish movement does not significantly impact your account. Conclusion In summary, the bearish outlook for XAU/USD appears favorable this week, with strategic entry and exit points. Remember to wait for that crucial rejection at 2641 before executing the trade. Let’s stay disciplined and focused, and I wish everyone a week full of profitable trades! 🌟 Feel free to follow for more insights and updates! Happy trading! 📈
CAPITALCOM:GOLDShort
by HouseofProfit
ACGL: Entry, Volume, Target, Stop (LONG & SHORT Ideas)LONG IDEA: (shown on chart) Entry: greater than 114.65 Volume: greater than 1.125M Target: 129.34 area (this is an area, no guarantees, you should be selling on the way up) Stop: Depending on your risk tolerance; Based on an entry of 114.66, 109.77 gets you 3/1 Reward to Risk Ratio. This LONG swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not enter a trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader. --------- SHORT IDEA: (not shown on chart) Entry: lower than 108.77 Volume: greater than 1.308M Target: 104.50 area Stop: Depending on your risk tolerance; My stop would be no higher than 111.87 (the high on 9/11), but absolutely no higher than the previous high of 114.65. This SHORT swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not enter a trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
NASDAQ:ACGL
by tradepatiently
1
Bearish - weekend correction after reaching ATH $2600⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold prices (XAU/USD) gained for the second consecutive day on Friday, approaching the record high reached after the Federal Reserve's significant interest rate cut earlier this week. The Fed also hinted at more cuts, weakening the US Dollar and supporting gold. Concerns about economic slowdowns in the US and China, along with geopolitical tensions in the Middle East, further boost gold’s appeal. However, the global stock market rally limits strong gains for the safe-haven metal, keeping upward momentum in check during the Asian session. ⭐️ Personal comments NOVA: Gold price reached ATH this week: 2600, In the context of many concerns about the impending economic recession - the psychology of waiting will cause gold prices to quickly adjust downwards. ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2580 - $2578 SL $2573 TP1: $2588 TP2: $2595 TP3: $2603 🔥BUY GOLD zone: $2567 - $2565 SL $2560 TP1: $2573 TP2: $2580 TP3: $2590 🔥SELL GOLD zone: $2613 - $2615 SL $2620 TP1: $2600 TP2: $2585 TP3: $2560 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL 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 - The winner is the one who sticks with the market the longest
OANDA:XAUUSDShort
by Nova-Scalper
11