ICICIBANK entering into CONSOLIDATIONICICI Bank entering into consolidation territory from the all time high levels amidst weak global and economic ques and breaking trendline supports indicating weakening trend.
Shorttrade
NZDCHF - descending channel.The price is moving in a descending channel and has reached the upper part of the channel and a strong resistance level, so a bearish movement is expected.
Good trading!
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BTC COULD FALLOn a Day timeframe BTC is showing a double bottom on an inverted scale
We can probably see BTC around FWB:27K
EURUSD idea for trendeurusd is panic sell not sustain on our levels and slip down so next support will be our tp
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%.
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.
BTC.D corrective move and subsequent growthHello analysts 🙋
btc.d chart has been inside a prz zone for a long time and seems to have a correction to the middle of the channel and then continue to grow.
What do you think, comment me your opinion 💡🤘
ICP/USDT 🤑This is the result of the analysis 2 days ago 🤑, happy for those who used this analysis,
12% growth regardless of leverage,
60% net profit with leverage of 5,
enjoy 🔥🤘
Did you get this profit or not? 🤔
Short GBPAUDCould it be that the failure of the First Republic Bank is causing weakness in the GBP & EUR? Chart is starting to look bearish.
EURO/USD 🔴 SHORTIn the euro-dollar currency pair, divergence can be seen in the RSI, by breaking the trendline, I am looking for its short positions.
up to Fibonacci zones ✌️
Make money 🤘
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.
eurusd shortEURUSD has made its pull back to a high volume area, after a peak formation yesterday. looking to short until yesterdays low
gbpaud short positionGBPAUD is near a good daily demand zone and this demand zone is going to reverse the trend and we'll see a good risk/reward here.
USDJPY Weakness Forming on Daily ChartIs it just me or is the USDJPY starting to forming a bearish top at the daily chart? Is the market risk aversion favouring the JPY now against the USD after weak US Consumer Reports?
Short EURUSDI am not sure why but the USD is clearly gaining strength as seen in the DXY and the EUR which had strengthen in the last week is reversing into severe weakness. I will just trade this short EURUSD position.
PATH - SHORT SETUPWe have 3 zones to take profit with this chart, all we need to do now its to wait for a broken trend 4h- time frame.
After this and confirmation we can follow the script.
GOLD SHort Risk 0.5%
TP1 = 1:2 RR
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