AUDJPY SHORThello my friends.in this setup first we check daily timeframe and see this rising wedge created near the daily supply zone.then we check the chart in 4 and see the CHOCH there.so we can wait for confirmation in smaller timeframe for our short entry.
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Minefield ⛏️💥The VanEck Junior Gold Miners ETF (ticker: GDXJ) has entered a certain minefield here. Our short-trade target zone has already been dealt with and the corresponding high of the turquoise wave (ii) was placed accordingly within said zone. We are now anticipating further impulsive sell-action in accordance with the general bearish trend. If the bulls want to start another comeback though, they should’nt be able to increase the price beyond our still active second sell zone (between $39.33 and $41.67).
Tata Steel forming bearish patterns. #Tatasteel has formed bearish wedges and bearish symmetrical triangle pattern.
On the last trading session i.e. 12th May 2023, Friday this script has broken down and has also formed bearish divergence.
One can short this script for a target of 104 & 100 with a stop loss at 109.
EUR/USD Prediction on 25.07.2023In recent times, we've observed an intriguing shift in the EUR/USD pair. The once buoyant euro has shown signs of succumbing to the growing power of the U.S. dollar, with the pair entering a stark downward trajectory.
This depreciating trend is the product of a fascinating confluence of economic, political, and monetary factors. It's important to bear in mind that currency markets are highly sensitive to such variables, making the current situation a compelling case to delve into.
Among the key drivers behind this trend is the disparate monetary policy stances taken by the European Central Bank (ECB) and the U.S. Federal Reserve. In contrast to the ECB's continued dovish stance, characterized by low interest rates to stimulate the economy, the Fed has initiated a series of monetary tightening actions, including interest rate hikes and balance sheet reduction. This has made the U.S. dollar an attractive investment opportunity, thereby applying downward pressure to the EUR/USD exchange rate.
Furthermore, the differential in economic recovery speed following the COVID-19 pandemic has further widened the gap. The U.S. economy has demonstrated remarkable resilience, bouncing back at a faster pace than its European counterpart. This has further fueled the dollar's appreciation against the euro.
Political uncertainties also play a role. The European Union has grappled with several internal issues, including disputes over fiscal policy, election uncertainties, and lingering Brexit-related tensions. These have collectively cast a shadow over the euro's stability, contributing to the depreciation of the EUR/USD pair.
Speculators, noticing these dynamics, are increasingly betting on a sustained downturn in the EUR/USD pair. This speculative pressure can exacerbate the currency pair's movements, potentially leading to a self-fulfilling prophecy of sorts. However, it's important to note that markets are inherently unpredictable, and unexpected events can quickly reverse trends.
In the context of this downward spiral, it's prudent for investors and traders to closely monitor global macroeconomic indicators, central bank policy changes, and geopolitical events. Understanding these factors not only explains the EUR/USD's current trajectory but also equips market participants with the insights to navigate future changes in this volatile but fascinating market.
Trading on Binary Option po7.cash
Short Trade in HIMSThis is a potential short trade that could deliver a nice gain if the market pulls back. I am still focused on buying opportunities, but it never hurts to be prepared for the other side.
Some of you may remember this as a stock I was looking to buy a couple months ago.
Often times, the best short ideas come from stocks on my long watchlist that fail.
HIMS tripled from October to April but began rolling over after a poor earnings report at the beginning of May.
Not only did the stock fall on above-average volume, but even a 33% discount has failed to attract buyers. When stocks pull back, they either act as tennis balls (bounce back quickly) or eggs (splat and fail to rally).
Buy tennis balls. Sell eggs.
HIMS has formed a support shelf near the $8 level. A move below that would trigger a lot of stops, making it an ideal place to sell the stock short.
EUR/USD Prediction on 20.7.2023The Euro is currently experiencing a downward trend, with its value on the decline in the global markets. With significant macroeconomic factors influencing this shift, the European currency faces a period of uncertainty. This depreciation is a reflection of several ongoing global events and domestic policies, warranting close monitoring for those with an interest in currency markets. The upcoming period will be critical in observing whether the downward trend persists, or if the Euro can stabilize and recover its strength.
Short opportunity in Nasdaq QQQYou can see the top and bottoms curves, top curve is peaking and bottom curve is flattening. Risk is low to the upside with daily stop losses following the curve. Conservative 3.5% to the downside in next 15 days. We also see double divergences in top and bottom trends on the Relative Trend Index, RTI could give third peak in next 8 days to confirm.
Below 363 we have an acceleration to the downside of 5-7% additional, for a total downside of 7-10% in next 3-4 weeks.
I have a short position in QQQ currently.
SHORT - Bitcoin, medium-term projectionAccording to my technical analysis, a correction in Bitcoin prices should begin to be generated, it has generated the 5 Elliot waves, it has respected the fractals, it has generated a double top and it is at a 52-week high, so which the greatest probability is that it will fall between 38% and 50% according to the Fibonacci retracements to continue with the upward trend. What do you think?
EURUSD I Starting to consolidate I Will head downWelcome back! Let me know your thoughts in the comments!
** EURUSD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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GBPJPY SHORT CONTINUATIONEarlier this week we saw GBPJPY trading around the level of 183.900 where price created a resistance level. Price began to consolidate between the levels of 183.900 (Resistance) and 182.860 (Support). Once price broke the support level of 182.860 we waited for a retest of that broken area, where we then got a confirmation for a bearish pattern. Now looking at where we currently are we can see that price broke and close below a strong support. We can wait for a retest of that level to continue going further down.
3 out of 4 successful GBPJPY shorts so far this week. If price should continue in our favor we will hit our 4th successful trade.
Please share your own opinion and ideas of what you think, if you agree or not. All opinions are welcome.
EUR/USD Prediction on 12.07.2023Inflation, a critical economic indicator, has been a key concern in recent times, and today our focus is on its trajectory within the United States. As of now, the US economy is grappling with increased inflation rates, with potential implications for consumption, investment, and overall economic health.
To comprehend inflation, it is essential to note that it denotes the rate at which the general level of prices for goods and services is rising, and subsequently, purchasing power is falling. Central banks attempt to limit inflation — and avoid deflation — to keep the economy running smoothly.
Over the past year, the United States has experienced a noteworthy uptick in inflation, driven by a confluence of factors. In particular, there's been an upsurge in consumer demand as the country emerges from the constraints of the COVID-19 pandemic, coupled with supply chain disruptions, wage pressures, and fiscal stimulus measures. Such trends, alongside rising energy prices, have all coalesced into a higher inflationary environment.
The consequences of inflation can be multifaceted. On the one hand, moderate inflation is generally considered a sign of a healthy, growing economy. On the other hand, when inflation becomes too high, it can create uncertainty and harm savings, particularly for those with fixed incomes. Elevated inflation can also lead to potentially higher interest rates, with the Federal Reserve using this tool to keep inflation at bay, which could have implications for borrowing costs and investment.
Given the economic interconnectivity of the world, inflation in the United States can have ripple effects globally, affecting international trade and investment decisions. Therefore, it is critical to understand the root causes, the potential impact, and the likely direction of US inflation.
Currently, economists and policymakers are closely monitoring this situation, implementing strategies and making adjustments to both anticipate and react to changes in inflation. They are doing so while also striving to maintain economic recovery momentum and safeguard against any financial stability risks.
In conclusion, while inflation is a complex and multifaceted issue, its prominence in the economic landscape is undeniable. As we continue to observe the US economic environment, understanding inflation and its potential impacts are of paramount importance.
P&G Target $135Procter & Gamble is in a weekly uptrend but was hitting its „head“ on the 158.00 resistance. After consolidating there it fell through the local higher low, building a new lower low and is currently retracing to that former local low which acts now as a resistance. The stock showed large sell volume on that resistance last friday which suggests we might se another break down to the current support at 135.00.
We have two problems to consider in this trade:
1. The XLP (Index for Consumer Staples, with P&G as its biggest position) is currently more on a support than resistance and might suggest an upward move. That could mean P&G breaks through the 150.00 and is heading higher.
2. The yellow trend line was not broken yet. As a price action trader this is more of a minor problem to me because trend lines are artificial and only an indication for specific price action but should not be mistaken as price action itself.
I therefore suggest to wait what happens today. If we see further downward movement, the trade could be taken. If we remain at the 150.00 resistance without larger sell volumes we should skip this one. Also, do not forget that consumer staples show steady performance during recessions and inflation periods because of the nature of their products. Not a primary concern for technical traders but it should be kept in mind.
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🐻 Trade Idea: Short - PG
🔥 Account Risk: 1.00%
📈 Recommended Product: Knockout / Option
🔍 Entry: +/- 147.00
🐿 DCA: No
😫 Stop-Loss: 155.00
🎯 Take-Profit #1: 135.00 (75%)
🎯 Trail Rest: Yes
🚨🚨🚨 Important: Don’t forget to always wait for strong confirmation once possible entry zone is reached. Trade ideas don’t work all the time no matter how good they look. Do not get a victim of FOMO, there is always another trade idea waiting. 🚨🚨🚨
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The trades shown here related to stocks, cryptos, commodities, ETFs and funds are always subject to risks. All texts as well as the notes and information do not constitute investment advice or recommendations. They have been taken from publicly available sources to the best of our knowledge and belief. All information provided (all thoughts, forecasts, comments, hints, advice, stop loss, take profit, etc.) are for educational and private entertainment purposes only.
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NZDUSD - The Bears Are Stepping In!Analysis:
As we can see from the charts price is clearly in a downwards trend signalling to us that we want to only be shorting this pair to go with the trend. We can confirm that price is in a downwards trend by the fact that we're forming lower highs and lower lows and the fact that we have a downwards trendline which has been respected multiple times. Price has pulled back to an area that we're very interested in as its held multiple times in the past signifying that it is a strong area and we have other confluence factors at this level too to back up this setup. To add to this idea we've seen the rejection of the 61.8% fib level showing that the sellers have stepped into the markets which helps with our idea. We've also seen the rejection of the downwards trendline just as we expected would happen. This shows that the bears are in control of the market, indicating that there should be more bearish momentum on the horizon which goes with our idea. So technical wise we have a very good reason and bias to the short side but we don't just look at the technicals so taking a look at the fundamentals too, we see that we also have these on our side. Firstly we have the USD which is the 2nd strongest major currency compared to the NZD which is the 4th strongest major currency so this is already pointing to be bearish on NZDUSD but looking further to add more confluence we also see that the USD had a decrease in long positions and a huge decrease in short positions by institutions so overall this is looking bullish for the USD whereas for the NZD we saw a small decrease in short positions but a larger decrease in long positions by institutions which is a bearish indication. Overall we have multiple confluences lining up signalling to us to be shorting the NZDUSD which is why we have a bearish bias on this pair.
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Disclaimer:
This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does to. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.