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📉 COMBO/USDT Falling Wedge Setup! 📉📈 #COMBOUSDT is currently showing an intriguing Falling Wedge pattern on the chart, hinting at a potential bullish reversal! 🚀 📉 The price has been forming lower highs and lower lows, shaping the falling wedge pattern. This suggests a period of consolidation and diminishing selling pressure. 🧩 Falling wedges often lead to upward breakouts, indicating a potential trend reversal and the start of a new bullish phase. 💡 Watch closely the resistance and support levels within the wedge to determine the possible breakout direction. 📊 Technical indicators are providing some positive signals for a potential reversal, adding further weight to the bullish scenario. 🔔 Keep an eye out for a breakout above the upper trendline, as it could serve as a signal for the beginning of a bullish trend. Set your profit targets and stop-loss levels accordingly. 📅 Remember to practice sound risk management and trade responsibly. Always conduct thorough research before making any trading decisions. 🚨 Exciting times ahead for #COMBO! 🚨 Let's see how this Falling Wedge unfolds! 🤞 (Note: This post is for informational purposes only and should not be considered as financial advice. Trading carries risks, and past performance is not indicative of future results. Always do your due diligence and seek professional advice if needed.) #CryptoTrading #TechnicalAnalysis #BullishSetup #TradeSmart #DYOR #CryptoMarket #ChartAnalysis #EmbraceTheWedge #BullishTrend 🚀📈💹
Long
by STP_MrNodeItAll
USD/CAD: Potential swing trade shortWe outlined a bearish bias in a previous USD/CAD article which clearly did not play out, thanks to hawkish comments from Fed members, hawkish FOMC minutes and stronger economic data for the US. However, a strong Canadian employment report on Friday has now seen odds shift in favour of a 25bp BOC hike this week – and if that is to be coupled with a soft(er) than expected US inflation report, perhaps we’ll finally see that swing trade short play out after all. A 3-wave rally has stalled at the 50% retracement level and 50-day EMA to suggest a swing high is in place. We’ve seen a minor attempt to retrace within Friday’s range during Asian trade (and a higher retracement would be welcomed to help improve the potential reward to risk ratio). Assuming momentum has realigned with the bearish daily trend, a move towards (and break beneath) the June low on its way to 1.3000 is now in focus.
Short
by CityIndex
How To Use Time Frame Combination For Swing Trading OANDA:NZDUSD OANDA:EURUSD Hello Traders, This video will show you how to use time frames and combine them for swing trading from a higher time frame to a lower time frame. I use recent NZDUSD and EURUSD move to frame swing trade opportunities from a higher time frame to a lower time frame. I hope this video helps you. Don't forget to give me a like and a follow for future updates. If there is anything you want me to cover, drop a comment on it.
Education
by Elijahenoch7
Bullish Falling Wedge Pattern Forming on $UPWKHey Traders! Today, I want to share an exciting technical analysis discovery I made on the stock of Upwork Inc. ( NASDAQ:UPWK ). It seems that a bullish falling wedge pattern is forming, indicating a potential reversal in the near future. Let's dive into the details! 📈 Ticker: NASDAQ:UPWK 📅 Timeframe: Daily Chart 📊 Pattern: Falling Wedge 📉 What is a Falling Wedge? A falling wedge is a bullish chart pattern characterized by a contracting range between two downward sloping trendlines. It typically forms during a downtrend and signifies a potential bullish reversal. This pattern suggests that the selling pressure is diminishing, and buyers may soon regain control, driving the price higher. 🔍 Identifying the Falling Wedge on NASDAQ:UPWK : By analyzing the daily chart of NASDAQ:UPWK , we can observe the following: 1️⃣ A clear downtrend in the stock's price over the past few weeks. 2️⃣ Two converging trendlines: The upper trendline connects the lower highs, while the lower trendline connects the lower lows. 3️⃣ Decreasing trading volume as the pattern develops, indicating a decline in selling pressure. 📈 Price Targets and Trading Strategy: If the falling wedge pattern plays out as anticipated, we can expect a potential bullish breakout above the upper trendline. This breakout could trigger a bullish rally, possibly reaching the following price targets: 1️⃣ Target 1: Resistance level near $40.00 2️⃣ Target 2: Psychological resistance level near $45.00 🛡️ Risk Management: As with any trading strategy, it is essential to manage risk effectively. Consider implementing the following risk management techniques: 1️⃣ Set a stop-loss order below the lower trendline to protect against unexpected price movements. 2️⃣ Adjust position size according to your risk tolerance and overall portfolio management strategy. 🔔 Conclusion: Keep an eye on Upwork Inc. ( NASDAQ:UPWK ) as it develops this falling wedge pattern. The formation suggests a potential bullish reversal in the near future. However, remember that technical analysis is not foolproof, and market conditions can change rapidly. Combine this analysis with other relevant factors before making any trading decisions. Disclaimer: This post is for informational purposes only and should not be considered as financial advice. Always do your own research and consult with a qualified financial professional before making any investment decisions. Happy Trading! 📈💰 #TechnicalAnalysis #FallingWedgePattern #UPWK #BullishReversal #TradingView
NASDAQ:UPWKLong
by STP_MrNodeItAll
FMGOETZE Swing Trade SetupThis will be my personal trade Setup, This is not an advice of any kind to initiate trade according to this setup. This is for only for my learning purpose and maintaining my trading journal. Swing Trade. FMGOETZE Broke almost 2 and half year resistance with good volume support and marubozu like candle (with very little wicks) on weekly time frame. CMP: 368.45 Nearby Resistance is at 410. Nearby Support is at 315 (Stop loss) also. Targets will be: 1st Resistance Level where i will book half. (410) 2nd Resistance level 462.
NSE:FMGOETZELong
by TradeInsights
EURUSD I Weekly forecast and swing trade opportunityWelcome back! Let me know your thoughts in the comments! ** EURUSD 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. Thanks for your continued support!
Long
by BKTradingAcademy
2
USDJPY, Bulls are in control, 4hrHello everyone, The bears have now lost control over the markets, as you can see price has broken the white trendline to confirm that the bulls are now in control. To start off the week, It's recommended to look for a light set up to enter into the bullish momentum. Based off of where the market closed, price is projecting to move down to the next daily zone at 134.500. If price touches the area of 134.500, look to take a buy and hold it until the next daily area of support and resistance @135.400. I am open to all feedback on the UJ price projection analysis, please do not hesistate to leave your questions, comments, and/or concerns. If this pre market analysis is similar to yours or you are confident that my analysis makes sense please share, like, and leave a comment.
Long
by NoPumpFakesFx
1
Zen Technology Stock trading in a channel bound zone which is 190-205₹ but creating its strong base at this zone and I am very bullish at this stock. I can say confidently This stock will be the money maker in the future( According today's trend and analysis) There are 2 Big factor at this type of company 1- Union #Budget2023 is fully focused for drone technology in #Defence and #Agriculture sector. 2- Company showing nice results continuously and company is fundamental strong also. Its not any recommendation its my personal views and studies
NSE:ZENTECLong
by EQUITYBROKER
🔻 How To Swing Trade In A Bear Market 🔻Forex traders that decide to trade in a bear market are looking for a strategy or a way to make a profit when markets are falling. But, is it possible to swing trade in a bear market? It is. The most used strategy in bear market trading is the swing strategy. Traders that want to swing trade must first understand the swing trade meaning. Swing trade is a trading path that comes with challenges. While many traders prefer to stay profitable in a continuing bull market, many traders will choose to earn their profit by swing trading in the following bear market. Swing trading is challenging but can also be profitable in short-term intervals. A trader must know how to use the given signals from the market before starting to swing trade in a bear market. How To Do Swing Trading Traders often wonder how to swing trade forex, and the first thing to know is the swing trade definition first: Swing trading is a type of trading style that focuses on profiting from changing trends in price action in short-term intervals. Swing trading is a trading strategy that involves holding a position long or short for more than one session. It can be from one day up, but not longer than several weeks. Traders that use this strategy look to technical and fundamental analysis. They try to explore trading opportunities and analyze price trends and patterns. Considering the volatile conditions in the forex market, a swing trader tries to catch a potential price movement and make a small profit out of it. Generally, swing trading is a good strategy for beginners because they can trade with much less capital than the other trading strategies. Is It Possible To Swing Trade In A Bear Market? A bear market in forex means that prices fall 20% or more from recent highs, which gives the traders a negative outlook and hopelessness. A bear market is always caused by a group of developments or events such as monetary conditions, monetary policy, shifts in yield curves, and many others. The forex market is very volatile and changes very fast. It creates many opportunities to catch the momentum of price action and make a profit out of it. Swing trading is one of the trading options in a bear market. Implementing a swing trading strategy for the bear market is one way for a forex trader to trade successfully. To swing trade profitably in a bear market, traders need to have a strategy likely to survive the changing market conditions. Swing trading in a bear market does work but usually can give the trader a tough time. Traders need to do a market analysis, research all historical data, and create a safe trading plan before going live. What Is Swing Trading And Its Advantages? Swing trading is a short-term trading strategy where you hold your trades for one day up to a few weeks at most. Swing traders use technical analysis, to make a trading plan, and a strategy for an entry and exit from the market. Swing trading can be divided into discretionary swing trading and systematic swing trading. From experience, traders have found systematic swing trading more efficient, as it has shown better results. Advantages Of Swing Trading Traders know their results quickly, from one day up to one month. They give time to work on the swing strategy and make changes on the next entry. The trader has a clear boundary because there is a specific area to observe, knowing exactly when the trade isn't working. Traders can easily limit the damage of a losing position. By entering and leaving the market in short periods, traders can identify a lot of opportunities. It allows the trader to spread the risk and minimize losses. It is important to mention that swing trading is a very good trading strategy for forex beginners and traders that are short on time. Swing Trade Strategy For A Bear Market Swing trading can make a trader's way much easier if they use one of the trading indicators and stick to it. The most are moving averages, Relative Strength Index (RSI), Stochastic Oscillator, and Volume. A trader has many options to create a swing trading strategy for bear market conditions. Traders also use mean reversion as the most common strategy type. In mean reversion, traders assume that the market will make some extreme moves to either side, and those moves are later corrected through a reversion to the mean. It means that the market tends to swing around its average. This strategy type, a mean reversion, is used to identify if the market is overbought or oversold. It is expected to give traders an entry signal. A different swing trade strategy is trend following, which is the opposite of the mean reversion type. This strategy suggests following the trend of direction, which is harder to succeed with than the mean reversion type. The breakout strategy is another type of swing strategy that traders use. This strategy is similar to the trend following, and it works with a breakout level. When the currency pair breaks a level and continues above that level, it is a signal that the market is solid enough and will likely continue in the direction of the breakout. This strategy is functioning the same way as the trend-following strategy. Traders do not always buy on a breakout of a certain level. Often, traders try to include other conditions that are important in deciding whether to buy or sell. Can Swing Traders Make Money In A Bear Market? Not many traders choose to trade in a bear market because it signals pessimism, and it is hard to know how long it will last. In a bear market, the primary trend is to the downside, and different rules apply. Knowing the bear market trading rules can position traders to benefit from them. That gives light on the pessimism of a bear market. There are many opportunities to make money for traders that know how to use the given signals. Taking a bear short swing trade, also called short-selling, will help you to gain profit using a swing strategy during a bear market. Traders need to do pre-market research, then work up to potential trades before they make an entry position.
Education
by FOREXN1
17
NZDCAD: Classic Trend-Following Setup 🇳🇿🇨🇦 Hey traders, NZDCAD is trading in a bullish trend since October. Reaching 0.88 resistance, the pair initiated a correctional movement. The price dropped to a trend line and perfectly respected that one more time. Yesterday, the pair broke and closed above 0.86 - 0.8625 horizontal resistance. It is a very important bullish clue, and it signifies a dominance of buyers again. Look for buying opportunities from the underlined blue zone: it is based on a horizontal resistance and a trend line. I will expect a bullish movement from that area at least to 0.88 level. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Long
by VasilyTrader
4
1800 Still holdingFrom the last update a week ago price was wedged between support and resistance below 1800. On Tuesday we then saw price spike to the upside triggering buy orders as well as taking out any stop losses above the zone. Price consolidated above the 1800 zone until Thursday enticing even more buyers to go long. A strong reversal then came on Thursday which saw prices drop back below 1800 and the week closed on Friday with prices back below 1800 where it started the week. If the level continues to hold and we see Dollar strength return in the market this could very well trigger shorts on Gold and we could see lower prices in the foreseeable future. An Engulfing close below Friday's low around 1774 will be an important level for bears to watch.
FOREXCOM:XAUUSDShort
by Swiing
2