BRENT OIL IS READY FOR A SHORT TRADEOil is showing a bearish trend with a price that has bounced three times on a downtrend line. Currently, it is in a demand zone, which is a small market support. The outlook shows a bearish triangle pattern, with the price potentially breaking downwards before bouncing back up prior to a short position with a target of 72.56.
What is your opinion?
Happy trading to everyone.
Nicola CEO
Forex48 Trading Academy
Supply Zone
Grabbing the best possible trade on NQ1!Obviously, going short at every supply zone or going long at every demand zone doesn't work every time. If it did trading would be too easy and no one would lose. So, how do we trap the losers and become the winners? Wait for a liquidity sweep above, most often indicated by a bearish shooting start candlestick with a close back below the supply zone. Previous shorts will be stopped out and new longs will be trapped. That's the best possible time to enter short and ride the reversal back down here on CME_MINI:NQ1!
SPX500 SHORT SETUP H1 BEFORE FED RATESThe price is currently in a bearish moment at the level of 4270, with a potential bounce zone around 4284, which corresponds to the 50% Fibonacci retracement level and a high-volume trading area. The objective of the short trade is to target 4220, where we have the 61% Fibonacci retracement level with high volumes and a demand zone for support before potentially dropping further to touch 4187. A descent is expected in anticipation of the Fed's interest rate hike next week.
Let me know what you think.
Happy trading to everyone.
Mara: Price will retrace to $8.89Breaking below $9.58 will initiate a change of structure ( choch ) at which point, puts may be permissible. My target price in this situation would be $8.90. If you view this stock on a larger time frame, we've been ranging for quite some time.
Now, on the off chance that we break and hold above that $10.39 supply, it may be a good idea to go long.
NFA.
AUDJPY BEARISH SETUP AFTER NEWSOn AUDJPY, I anticipate an upward movement towards the 92.80 area tomorrow morning after the interest rate decision in Australia, which would create a bearish setup to reclaim all the liquidity left in the market due to the news. Therefore, the trade objective is to enter a short position around 92.85 with a target set at 90.70.
Let me know your thoughts.
Happy trading to everyone.
Extreme Demand for EUPrice is at the extreme discount of the range and we could see it start to go up. There was a sweep of liquidity which led to a BOS which is why I think this is a high probability zone. Going to wait for a choch on the daily then will look for entries on lower time frames targeting the daily high
GBPAUD I Approaching supply zone where it may fallWelcome back! Let me know your thoughts in the comments!
** GBPAUD 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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GBPAUD shortGBPAUD hits a weekly area of demand and then created a change of character to the downside, there is Valid evidence to show willingness of price to selloff , in my opinion a safe target is the equal lows at 1.8450
Entry at the open of the refined zone at 1.89350
Entry 1.89350
Sl 1.89750
Tp. 1.86450
Good hunting 🤗🤗❣️
GBPUSD short Market structure has been bearish, price has broken structure to the downside creating and inducement, there is an unmitigated zone at 1.24300 which will serve as our entry. i would enter with a risk entry and one confirmation entry risking 2 percent in total.
Entry 1.24300
Sl 1.24750
TP 1.2300
EUR/USD - DO WE KEEP PUSHING DOWN?Hello everyone, what is EUR/USD next move? On higher TF's we see a big push to the downside but eventually the market is getting exhausted. We are waiting till the market makes a pushback to our 0.786 FIB level or just in between the 1 and the 0.7. If the bulls cant keep the market up we should get a push back further to the downside at our lower support zone.
UPDATES COMING SOON!
All information found here, including any ideas, opinions, views, predictions, suggestions. are for informational entertainment or educational purposes only and should not be construed as personal investment advice.
USDNOK - NEW BREAKOUT📈Hey Traders👋🏻
On The Daily Time Frame The GBPJPY Price Broke The Resistance Level (11.01162-10.81908)✔
Currently, The Resistance Level Becomes New Support Level📈
So, I Expect a Bullish Move📈
i'm waiting for a retest....
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TARGET: 11.63630🎯
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GBPUSD - SUPPORT BECOMES RESISTANCE📉Hello Traders👋🏻
On The Daily Time Frame The GBPUSD Price Reached A Support Level (1.23836-1.23444) !
Currently, The Price Broke The Key Level (Support Level Becomes New Resistance Level)
So, I Expect a Bearish Move📉
i'm waiting for a retest...
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TARGET: 1.22370🎯
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GOLD - Bearish Rising Wedge📉Hello Traders👋🏻
On The Weekly Time Frame, The XAUUSD Price Reached a Major Key Level ✔️
Currently,on the Daily Time Frame XAUUSD formed a Rising Wedge ✔️
The Price Failed To Create New Higher High 📈
The Support Line of the Wedge is Broken 🔥
So, I Expect a Bearish Move
i'm waiting for a retest...
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TARGET: 1941.970🎯
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AUDUSD - SUPPORT BECOMES RESISTANCE📉Hey Traders👋🏻
On The Daily Time Frame The AUDUSD Price Reached A Support Level (0.65644-0.66165) !
Currently, The Price Broke The Key Level (Support Level Becomes New Resistance Level)
So, I Expect a Bearish Move📉
i'm waiting for a retest...
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TARGET: 0.64350🎯
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EURAUD I Broke 6350 resistance and forming head and shoulderWelcome back! Let me know your thoughts in the comments!
** EURAUD 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.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
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USDCAD: Detailed Structure Analysis 🇺🇸🇨🇦
Here is my latest structure analysis for USDCAD pair.
Horizontal Key Levels:
Support 1: 1.3260 - 1.3340 area
Resistance 1: 1.3636 - 1.3667 area
Resistance 2: 1.3765 - 1.3815 area
Resistance 3: 1.3830 - 1.3860 area
Vertical Key Levels:
Vertical Support 1: Rising trend line
Vertical Resistance 1: Falling trend line
Consider these structures for pullback/breakout trading.
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