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USDJPY > Detailed Analysis and Markup, Where to Sell, and How?Analysis of #USDJPY Hi traders, today we will have a look at #USDJPY another interesting Idea looking at that chart you can see we have a clear short-term downtrend for the Japanese USDJPY, as you can see we have a clearly defined downtrend the market now moving inside of this downward channel, right now I am looking or expecting the market to push further higher to test my structure resistance level would also coincide with a key market level near 134 which is of which is also at the trendline resistance level. right now if the market goes to 134 we will have a 1-structure resistance level we will have 2-trendline resistance level 3-Key market resistance level 134 which altogether will be a good level to start looking for sell opportunities if the market provides a reason to do so like a reversal pattern, double top, head, and shoulders, or maybe a bearish harmonic pattern I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one Thanks for your continued support!
Short
by TheTradersAvenue
10
Buy the support - Range Strategy (+ 3000 points)Hey everyone, I'm very happy to share with you my first chart posted on TradingView. This is a bullish setup on USOIL based on several elements that i've found through technical analysis. Usually the winning rate of this type of trade is around 70%, so if having a correct management of risk its a very profitable idea. Buy Setup USOIL : - price ranging between 90 and 120 bounce on important support - Ema bounce - bullish engulfing aiming for 124 lvl
TVC:USOILLong
by UnknownUnicorn41061907
4
VETUSD🪙Retest support 1.544$👌Privet everyone! (A little Russian greeting✌️) The VET has broken below the daily TF support while the close is still pending. Lead the BTC dumps so we can recover quickly as stable market conditions and a hard fork are expected on November 16. Be sure to use the right exits after a rapid rise in prices. The goals for the near future are to go to the resistance level, and then go to the support retest Follow our forecasts to keep abreast of developments! Thanks for your support! Your team D&P. Trade
BITFINEX:VETUSDLong
by DTFFXCCC
5
BTCUSD🪙Sideways range to 62000$!Privet everyone! (A little Russian greeting✌️) Bitcoin breaks the support zone back into a sideways range. BTC needs to be held above $ 63,500, otherwise we will see a hike towards the lower boundary of the sideways movement and a test in the area of ​​the main support at the level of $ 60,500-61,000. Local resistance is $ 65,500 and local support is $ 62,500. The market is still optimistic and there is no need to panic here. Follow our forecasts to keep abreast of developments! Thanks for your support! Your team D&P. Trade
BITSTAMP:BTCUSDLong
by DTFFXCCC
2
XAUUSD🤑Decline before rise📈Gold completes the trading week near the area of ​​1795. The XAU / USD quotes continue to move as part of a slight rise and the formation of a “Head and Shoulders” reversal pattern. Moving averages indicate a bearish trend for Gold. Prices have broken the area between the signal lines upwards, which indicates pressure from buyers and a potential continuation of the price rise. At the moment, we should expect an attempt to develop a decline in prices and a test of the support level near the 1735 area. Further, the continued growth of the GOLD price with a potential target above the level of 2035. Have a nice trade!
FOREXCOM:XAUUSDShort
by TradingAlchemist
4
USDCAD❗Retest resistance level⚡At the time of publication of the forecast, the rate of the US Dollar to the Canadian Dollar is 1.2370. Moving averages indicate a short-term bearish trend for the pair. Prices have broken down the area between the signal lines, indicating pressure from sellers and a potential continuation of the fall in the pair in the near future. At the moment, we should expect an attempt to develop a rise and test the resistance level of the 1.2455 area. Further, the rebound and the continuation of the fall of the currency pair on Forex. The potential target of such a movement is the area below the level of 1.2155. Have a nice trade!
Long
by TradingAlchemist
1
Psychology of OTHER People in the Market Matters More Than YoursMorning Traders - The next in our series of education posts is going to focus solely on Psychology. specifically regarding the psychology of OTHER people in the market. Once you nail this topic its going to give you a huge edge on the market. Any trader is always looking whether the next few price swings are going to be bullish or are they going to be bearish? That is the essence of trading - If you know the next few price swings are going to be bullish then it makes it easy to make money right?! Once you have this identified then you simply just need to time your entry, the safest way to do that would be to be watching for a short term pullback against your bias of where the price swings will be headed. Its important that when looking at these price swings, you watch HOW the price moves, don't need to concern yourself with any chart patterns or candlesticks, but ask yourself as you watch the price move, is the price moving with strength or weakness? If price is pulling back from your bias with weakness then this is an opportunity to place your entries and wait for the price swings you have anticipated. If price pulls bask with strength then it could be time to consider you bias again and stay on the sidelines. The real key when analysing price action both in the long term price swings you see and in each movement within those price swings is the psychology of everybody else that is trading in that market with you. Much has been written and spoken about regarding making sure you own mindset and psychology is right within trading but I personally feel understanding how other people are feeling within the market is worth so much more. Once you understand how other people are feeling, their emotions etc then its becomes easier you predict their actions. One of the most powerful emotions we feel that affects our decision making is fear. Im sure everyone can easily anticipate the actions of a fearful person, so we just need to translate that into the chart. So start watching where are people getting trapped into bad positions? When are they feeling fearful that they made the wrong trade? When are they praying for the market to turn around? These are the traders you want to target because by their nature these are weak traders and likely unprofitable ones, you want to watch for points in the market where these traders know they have got it wrong.. So you should be looking to take the other side of their trades and profit from their mistakes. The other major aspect of fear you should look for in markets is FOMO. Fear of Missing Out. You see this type of emotion ALL the time in markets, its essentially the market equivalent as when you see people run for the tube / underground as the warning beeps have started and doors are closing... People who have been sat watching the market for a while suddenly see it moving in one direction and start running to enter the trade as quickly as they can... the psychology of this is that they will likely enter with the wrong position size, they haven't analysed the new market conditions that were different from when they were watching the market before, and most importantly their risk management has now gotten out of control. When you see after an already strong price movement that it starts to slow down momentarily and then rockets again in the same original direction - This is typical of FOMO trading. Its wise when you see this to start thinking about places some trades opposite to these traders. So when people say you should analyse price action - this is the most powerful way to do that. Its not about head and shoulders patterns, its not about doji candles or anything else you hear spoken about... Its simply about human emotions and how they are expressed within the charts. To be successful you need to start identifying the moments and points in the chart where you know people will buy after you have already brought, or where they will sell after you have already sold.
Education
by JoelWarby