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Supply Zone

POSITION TRADING: SHORT AUDUSD. TARGET 0.64000TRADE TYPE: INSTANT ENTRY TRADE DIRECTION: SHORT TIMEFRAME: WEEKLY ENTRY PRICE: 0.67000 STOP LOSS: 0.69000 TAKE PROFIT: 0.64000 RISK TO REWARD: >1:1 ANALYSIS: Price broke the demand zone and is likely looking to aim for upcoming demand zone. stop loss ideally placed above swing high Follow this thread for any future updates regarding this specific trade. CAUTION: Trading outcome is Probability Based and could wipe out your account if risk management and strategy is not followed properly. Cheers
Short
by FX618Analysis
1
CVNA - Trending but volatileCVNA had broken out of its basing formation neckline (a region between $17- $20) on 8 Jun on huge volume. It hit a high of 28.52 on 16 June before pulling back to retest near the neckline @ 20, then rebounded again from there. IT's trend is in earlys stage yet with immediate suport @ 20. However be mindful that lower priced stocks tend to have huge volatility (both up and down). Hence it is important to position size accordingly or chose to exit if it pulls back beyond a certain % and wait for entry again once there are signs that the short term correction is over. Watch out for resistences on the way up around $42 and also around $53+. Also be careful around earning releases. Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is (probably the most) important! Take care and Good Luck!
NYSE:CVNA
by Juliac
📉🔥 Bearish Breakout: Ethereum Double Top Spells Trouble! 🐻💥In the exciting world of crypto, a compelling bearish setup has emerged on Ethereum's horizon. The price action has given birth to a double top pattern, indicating a potential trend reversal. Moreover, this ominous formation has taken shape on a formidable supply zone, adding strength to the resistance level. With strategic analysis and careful observation, the optimal entry point for this bearish trade is identified here around 1870. As the bears gain momentum, the first take profit level is set at 1815, followed by a more ambitious target of 1740. Stay tuned as we closely monitor Ethereum's price action, ready to capitalize on this thrilling opportunity. Join the discussion and let's navigate the crypto waters together! 🚀🌕💎 feel free to share your toughts in the comment section. And dont forget to press the like button if you think this insight was helpful🚀
BITSTAMP:ETHUSDShort
by Thomas_Zito
3
MY TRADE TODAY 001BYBIT:DODOUSDT.P Hey guys I'm excited to show you my trades on these coins on a daily basis so to start it off today I'm looking to just simply follow the trend on the 15M timeframe on DODOUSDT I will be getting more into the day trading side of things instead of the swing trading side so I can be more active on here with everyone so sit tight and let me show you guys what i can do over a period of time. SO this is still a limit buy so sit tight and let it grab the bag!
Long
by fusfamily
USDJPY Trade SETUP H4The USDJPY closed at 143.70. Speaking of its resistance, the area around 144.06 will act as a resistance area. If a candle rejects from this level, you can open a sell position with a stop loss of 40 pips and target the support level at 142.20. I hope we can make a good profit from this trade. Disclaimer: The information provided is for educational and informational purposes only and should not be considered financial advice. Always consult with a professional before making any financial decisions.
by ShaaniReal
USDJPY - Getting Over-Bought ❗️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. USDJPY has been overall bullish trading inside the rising broadening wedge pattern in red, however it is currently approaching around the upper trendline. Moreover, the zone 146.0 is a resistance zone. 🏹 So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the blue resistance and upper red trendline. As per my trading style: As USDJPY approaches the purple circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Short
by TheSignalyst
10
🔻🚨 Bearish Bombshell: Bitcoin's Epic Rally Under Threat! 💥🐻Crypto enthusiasts, pay attention! We have an intriguing bearish setup on Bitcoin in the 4-hour timeframe. This trade opportunity revolves around a strong upward impulse, breaking out of a descending channel and propelling price to new heights. However, it's time to explore the technical analysis and uncover the potential for a trend reversal. Following the breakout, Bitcoin's price has reached a supply zone where buyers are likely to take profits. However, a closer analysis of the volume during the recent bullish move reveals a concerning pattern. The ascent from 27,000 to 30,000 occurred with minimal volume, indicating a lack of substantial support in this price range. This observation raises a crucial point of interest (POI) where bulls and bears are anticipated to engage in a fierce battle. To reinforce the bearish setup, the presence of moving averages turning as potential resistance levels adds strength to th trend reversal. These moving averages act as dynamic indicators, influencing market sentiment and providing additional selling pressure. If broken, they could be some serious confirmation to this trade. Furthermore, the oscillator indicator signals that the current price movement is overextended, suggesting an imminent correction. This further supports the notion of a potential reversal from the current levels. So, how can we capitalize on this trading opportunity? One approach is to wait for the price to break below the POI, indicating a potential trend reversal. This breakdown would signify a shift in market sentiment and open the door for a corrective movement. With a target set at the liquidity pool area around 27,000, traders can potentially benefit from a 10% correction. Stay vigilant and closely monitor the price action as the setup unfolds. Effective risk management and timely execution of trades will be crucial in navigating this potential trend reversal. Prepare yourself for a possible correction in Bitcoin and be ready to seize the opportunities it presents. Remember, trade smartly and adapt your strategies based on evolving market conditions. Wishing you successful trades, profitable outcomes, and an exhilarating journey in the dynamic world of trading!🔻💰 Don't forget to press the like button if you think this insight was helpful🚀💪
BITSTAMP:BTCUSDShort
by Thomas_Zito
AUDCAD - BROKEN CHANNEL📉Hey Traders👋🏻 The AUDCAD Price Reached a Major Resistance Level (0.91064 - 0.90637) and Formed an Ascending Channel✔ Currently, The Price Reject To Create New Higher High, The Last Higher Low is Broken (Break of Structure) Moreover, The Support Line of The Channel is Broken! So, I Expect a Bearish Move📉 i'm waiting for a retest... ----------- TARGET: 0.88315🎯 ___________ if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
Short
by Hsan_BenAhmed
4