Short GBPAUD on UK Weakness & Hawkish RBAThe GBPAUD is clearly showing weakness in its daily chart and a turn in its weekly chart. The fundamental reason for this weakness is clear: the UK continues to be weak generally despite slightly better PMI readings this week. More importantly, the RBA is of the view that inflation continues to be too high in Australia and isn't afraid to continue to raise further from the current 3.85%.
Shorttrade
USDCHF ShortA little different then my normal trend and momentum trades. For this trade, I am using some fibs, point of interest and a break of the 1 hour swing point. We had a good push that broke the previous 1 hour swing point, it created a point of interest on the buy candle just before the break of the at structure. Created a zone on the buy candle before the break of structure. That zone also is correlating with the .50/.618 fib level from current level and the top of this bearish run. If we keep pushing lower then this idea will have to be reevaluated.
Bitcoin in symmetrical triangleHello Fellow Traders
Greetings from team trading the tides !
lets discuss bitcoin which is inside a Symmetrical triangle , volume is pretty low waiting for the break out to enter position for long or short but I am more interested to wait till it reaches 31-32 k level which is a major resistance area and a good distribution point if we see the history .
potential area to initiate short : 31-32 k levels
according to the market conditions 22 k level is also very likely because there's a cme gap and btc inflows from wallets to exchanges are rising !
happy trading !
Short the Long-term Trend I always do the same & it usually works more often than it doesn't; but thats not the point
What is important is to cut the losses & let the winners run. In a world of 50/50 probability. There are four outcomes to a trade. a big win, a big loss, a small loss and a small win. If we can eliminate the big loss; the small win/loss will even themselves out. And we are left with big wins. Here is an example of letting winners run. Although I admit I Closed full position at Profit target 1 & did not let the winner run all the way to the end. Why? a bullish market influenced me, possibly a mistake but thats fine. this is why I document my trades so I may learn along side the reader.
SET UP
. the (W) is in downtrend
. Long-term(M) in downtrend
. price correcting to Lowest High of the (W) downtrend
ODD ENHANCER
. over buying momentum into qualified (SZ) thats also the Lower High of (W) downtrend
. general market in downtrend
. Supply Zone (SZ) never been tested before
EURJPY Short Position The EURJPY pair has recently broken a significant resistance level and is currently retracing back to it, which could signal a potential trend reversal.
A head and shoulders pattern has formed on the chart.
The neckline of the pattern (146.400) is a key level to watch, as a break below it would confirm the pattern and potentially trigger further selling pressure.
The MACD and RSI indicators are also showing signs of bearish divergence, which supports the idea of a potential short trade.
The target for this trade is 145.200 the previously broken resistance level, which could act as a support level and potentially provide a bounce for the price.
A break above the right shoulder will invalidate the bearish bias.
It is important to note that all trading decisions should be made in accordance with one's own risk management strategy and analysis of the overall market conditions.
Disney Short positionOn the chart we can see that the price broke down of the rising channel. It looks like the upsloping support has already failed, therefore we expect that the price go lower.
You can enter the short position now as the support failed.
Target is shown on the chart.
Invalidation of this thesis would be if the price comes back above upsloping support line.
GOLD SHort Risk 0.5%
TP1 = 1:2 RR
Disclaimer:
The contents in this Idea are intended for information purpose only and do not constitute investment recommendation or advice. Nor are they used to promote any specific products or services. They serve as an integral part of a case study to demonstrate fundamental concepts in risk management under given market scenarios. A full version of the disclaimer is available in our profile description.
NZD USD SHORTRisk 0.5%
TP1 = 1:2 RR
Disclaimer:
The contents in this Idea are intended for information purpose only and do not constitute investment recommendation or advice. Nor are they used to promote any specific products or services. They serve as an integral part of a case study to demonstrate fundamental concepts in risk management under given market scenarios. A full version of the disclaimer is available in our profile description.