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GBPAUD SELL | Day Trading AnalysisHello Traders, here is the full analysis. Watch strong action at the current levels for SELL . GOOD LUCK! Great SELL opportunity GBPAUD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
Short
by TheGrove
1
AUDUSD M30 / SHORT TRADE OPPORTUNITY 📉Hello Traders! This is my idea related to AUDUSD M30. I expect a bearish move after the retracement from the Resistance level, the exact level where we have also fibo 50%. My target is below the BOSS. Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective. ____________________________________ Follow, like, and comment to see my content: www.tradingview.com
Short
by GoodTradeST
USDCAD BUY | Day Trading AnalysisHello Traders, here is the full analysis. Watch strong action at the current levels for BUY. GOOD LUCK! Great BUY opportunity USDCAD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
Long
by TheGrove
1
WTI / OIL H4 Possible LONG Trade. 📈 ✅Hello Traders! This is my view related to WTI / OIL H4. As you can see, OIL is in a very interesting phase, It took liquidity, set a new daily high, react from the OB (D1), and I expect a bullish movement until the level of 78.000. Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective. ______________________________________________________________________________ Follow, like, and comment to see my content: www.tradingview.com
BLACKBULL:WTILong
by GoodTradeST
Momentum, Growth and Innovation: NVDAWe have just added a new position (NVDA) to our 'Growth, Momentum and Innovation' portfolio with 11% of total equity. Here is the link to our updated portfolio, which is up > 20% in the last month: www.tradingview.com Here is a more detailed analysis of this trade: Technical Analysis Trend: NVDA has been in a general uptrend, as indicated by the price being above the major moving averages (50-day, 100-day, 200-day), which are also sloping upwards. Moving Averages: The stock is currently trading above its short-term moving average (50-day) but there appears to be a slight pullback, which could be seen as a buying opportunity in an uptrend, as per Minervini's trend following strategies. Volume: There's been increased trading volume on up days, suggesting strong buying interest. According to Minervini, higher volume accompanying price advances is a positive sign. Relative Strength Index (RSI): The RSI is not in an overbought territory (below 70), which could indicate that there is still room for upside before the stock becomes overextended. Moving Average Convergence Divergence (MACD): The MACD line is above the signal line but starting to converge, indicating potential for a change in momentum. However, as long as the MACD remains above the signal line, it is typically considered bullish. Support/Resistance: The stock has recently bounced off a support level and is making its way towards a potential resistance area. The pullback to the support could be part of a "high tight flag" pattern, which Minervini finds favorable. Price Action: The recent price action has formed what appears to be a consolidation pattern after a strong uptrend, which may be indicative of a pause before a continuation of the trend. Background Analysis Market Conditions: Mark Minervini advocates trading in sync with the overall market. If the market indices are in a confirmed uptrend, individual stock trades like NVDA are more likely to succeed. Earnings and Fundamentals: NVDA is known for its strong market position in graphics processing units (GPUs) and its expansion into areas like artificial intelligence, autonomous driving, and data centers. Sector Performance: NVDA is part of the technology sector, and its performance is often tied to the tech industry's overall health. A bullish sentiment in the tech sector can contribute to individual stock success. Risk Management: Following Minervini's risk management rules, it's essential to have a predetermined stop loss to protect capital. The trade should also be sized appropriately, not risking more than a small percentage of the trading capital on any single trade. Entry Point: According to Minervini's strategy, this entry is considered a pullback entry which further reduces the risk of this trade.
NASDAQ:NVDALong
by JS_TechTrading
Untangling the Web of Confirmation Bias in Trading 🕵️‍♂️🔄💭 Confirmation bias is a common psychological phenomenon that can significantly impact trading decisions. This article delves into the depths of confirmation bias in trading, unraveling its influence, implications, and strategies to mitigate its effects. Understanding Confirmation Bias Confirmation bias occurs when traders favor information that confirms their existing beliefs or biases, ignoring contradictory data, thereby influencing their decision-making process. Selective Perception: Disregarding Contrary Signals: Mitigating Confirmation Bias Strategies to counter confirmation bias include maintaining an open mind, seeking diverse sources of information, and critically evaluating one's analysis. Understanding and addressing confirmation bias is crucial for traders to make informed decisions, fostering a more objective and balanced approach to trading. This article sheds light on this psychological hurdle and offers strategies for a more discerning trading mindset. 🕵️‍♂️🔄💭 Please, like this post and subscribe to our tradingview page!👍
COINBASE:BTCUSDEducation
by EliteTradingSignals
1
BluetonaFX - Bullish Outlook for GBUSDHi Traders! GBPUSD continues to trade with bullish momentum and looks to be targeting the previous strong support level from August at 1.26148, which is now resistance. Price Action 📊 After breaking above the descending price channel, the market is now in an ascending price channel, and the price action looks completely bullish with higher market swings and trading well above the 20 EMA. Fundamental Analysis 📰 Bank of England Governor Andrew Bailey warned earlier this week that the central bank may have to raise interest rates again and that the general cost of living remains an upside risk to the inflation outlook. The Flash Manufacturing and Flash Services PMI came out better than expected; therefore, this does relieve some pressure on the inflation outlook for the GBP. Support 📉 1.24492: PREVIOUS DAY'S LOW Resistance 📈 1.26146: AUGUST 2023'S MAJOR SUPPORT Risk ⚠️ No more than 2% of your capital. Reward 💰 At least 4% of your capital. Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Long
by BluetonaFX
GOOG: Technical Trade AnalysisOur portfolio is up by 17% over the last month 🍾🍾. Here is the link: www.tradingview.com Here is the latest analysis of our GOOG trade: Analyzing the provided chart for Alphabet Inc. (Google) Class C on NASDAQ (GOOG), we can consider several key aspects to determine potential exit strategies in line with Mark Minervini's swing trading approach: Moving Averages: The stock is currently trading above the 50-day moving average (MA), which often acts as support in an uptrend. As long as the stock remains above this moving average, it could be considered to be in a healthy uptrend. Volume: There is no visible volume spike on the entry day; however, subsequent days show average to above-average trading volume, which is generally positive for a continued uptrend. Bollinger Bands: The price is approaching the upper Bollinger Band, which could be an area of potential resistance. Some traders might consider taking profits as the price touches or breaches this upper band, especially if it coincides with other signs of overextension. Relative Strength Index (RSI): The RSI is approaching overbought territory but is not yet above the 70 level, which might suggest caution but not necessarily an immediate exit. MACD (Moving Average Convergence Divergence): The MACD line is above the signal line and above the zero line, which is bullish. There is no immediate sign of a bearish crossover, which would be a potential exit signal. IBD RS (Investor's Business Daily Relative Strength): The IBD RS line is trending upwards, indicating the stock is performing well relative to the market. Considering Minervini's strategy, which typically involves selling on strength rather than weakness, potential exit points could be: Break of Trendline: If the stock breaks below the short-term moving average or a trendline support, it could be an indication to exit, especially if the volume increases on the downside. Technical Weakness: Any bearish reversal patterns, such as a bearish engulfing candle or a high-volume decline through the 50-day MA, could signal an exit point. Profit Target: If the stock reaches a predetermined profit target, such as a percentage above the buy point or a previous high, it might be a good time to take profits. Time Stop: If the stock hasn't met the expected price target within a specific time frame, it might be prudent to exit the position to avoid opportunity costs. Given these considerations, it's also important to have a pre-determined trailing stop-loss to protect profits. If none of the exit criteria have been met but the stock continues to make higher highs and higher lows, maintaining the position with a trailing stop-loss could be a suitable strategy, adjusting the stop-loss upwards as the stock appreciates. Remember to continuously monitor the position and market conditions, as things can change rapidly.
NASDAQ:GOOG
by JS_TechTrading
BluetonaFX - USDJPY 150 Finally Broken & Approaching Record HighHi Traders! USDJPY has finally broken its psychological level at 150 with momentum and is now approaching the record high Apex Level at 151.946, and we could possibly reach a new record high this week. Price Action 📊 After weeks of trying to break above the psychological 150 level, the bears' resistance was finally broken, and now the market is trading with momentum, and the 152 handle looks to be the next target. All signals look bullish, although there might still be strong resistance here near the apex level due to it being a record high. Fundamental Analysis 📰 Traders were very disappointed with the BoJ's recent policy decision a couple of weeks ago, and this has really shown in the market. There is serious concern now for the Japanese yen, and the Central Bank will surely have to intervene to stop the yen from weakening further.   Support 📉 141.805: PREVIOUS DAY'S LOW Resistance 📈 151.946: APEX LEVEL Risk ⚠️ No more than 2% of your capital. Reward 💰 At least 4% of your capital. Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Long
by BluetonaFX
6
EURUSD SELL | Day Trading Analysis Hello Traders, here is the full analysis. Watch strong action at the current levels for SELL. GOOD LUCK! Great SELL opportunity EURUSD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
Short
by TheGrove
14
AUDUSD SELL | Day Trading Analysis With Volume Profile Hello Traders, here is the full analysis. Watch strong action at the current levels for SELL. GOOD LUCK! Great SELL opportunity AUDUSD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
Short
by TheGrove
5
BluetonaFX - USDJPY Approaching Trendline Support BreakHi Traders! Due to the weak NFP jobs data last Friday, there is further pressure on the US dollar. USDJPY is back under 150 and trading with bearish momentum.   Price Action 📊 The market's price action on the 2H chart is currently bearish. The market broke below the 20 EMA, failed to break back above in the re-test, and is approaching the trendline support with potential for a break and close below the trendline to continue pushing down. Fundamental Analysis 📰 There were weak US major figures recently posted, with weaker than expected PMI figures and Non-Farm jobs data. The Fed also failed to commit to further interest rate hikes, which has left traders nervous about the US dollar. Support 📉 149.273: TRENDLINE SUPPORT 148.805: MONTHLY LOW Resistance 📈 149.736: PREVIOUS DAY'S HIGH 149.817: 20 EMA Risk ⚠️ No more than 2% of your capital. Reward 💰 At least 4% of your capital. Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Short
by BluetonaFX
1
BluetonaFX - USDCHF Support Trendline Break PullbackHi Traders! USDCHF is currently on a pullback and may possibly target October's high at 0.92448 for a price retest.   Price Action 📊 The market previously broke its long-term support trendline and is now on a pullback towards the trendline. There was also a recent falling price wedge break above the wedge resistance, which is also bullish. We are now looking for a break and a close above the 20 EMA for a final confirmation signal. Fundamental Analysis 📰 The US economy expanded at a 4.9% annual rate from July through September as Americans defied higher prices and rising interest rates. Economists have also said the US economy expanded last quarter at the fastest pace in nearly two years—more than twice the 2.1% annual rate of the previous quarter. Support 📉 0.89632: PREVIOUS DAY'S LOW 0.88949: 50% FIBONACCI RETRACEMENT LEVEL Resistance 📈 0.90049: PREVIOUS DAY'S HIGH 0.92448: MONTHLY HIGH Risk ⚠️ No more than 2% of your capital. Reward 💰 At least 4% of your capital. Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Long
by BluetonaFX
AUDCAD BUY | Day Trading Analysis With Volume ProfileHello Traders, here is the full analysis. Watch strong action at the current levels for BUY . GOOD LUCK! Great BUY opportunity AUDCAD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
Long
by TheGrove
11
AUDNZD BUY | Day Trading Analysis With Volume ProfileHello Traders, here is the full analysis. Watch strong action at the current levels for BUY . GOOD LUCK! Great BUY opportunity AUDNZD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
Long
by TheGrove
6
Live Trades and Price Action setups explainedIn the video I review my trades on the DOW Jones Index for the session and talk through the setups, price action and reasoning for the trades. I also talk through the overall bias for the session and the missed opportunity from my sessions plan. Feel free to join in our live trading room....link in the signature below. ** If you like the content then take a look at the profile to get more daily ideas and learning material ** ** Comments and likes are greatly appreciated **
CBOT_MINI:YM1!Education
by TradeTheStructure
1
CADJPY BUY | Day Trading Analysis With Volume ProfileHello Traders, here is the full analysis. Watch strong action at the current levels for BUY . GOOD LUCK! Great BUY opportunity CADJPY I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
Long
by TheGrove
15
USDCAD BUY | Day Trading Analysis With Volume ProfileHello Traders, here is the full analysis. Watch strong action at the current levels for BUY. GOOD LUCK! Great BUY opportunity USDCAD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
Long
by TheGrove
6
AUDNZD I Potential short near resistance zoneHello Traders, here is the full analysis. Watch strong action at the current levels for SELL. GOOD LUCK! Great SELL opportunity AUDNZD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
Short
by TheGrove
2
Is USDJPY going to reach its 50% OE target this time?(1)We have entered USDJPY on the daily confirmation bar on a long trade. This is based on a daily P1 trend continuation move, and along with a weekly continuation trade move according to our smart money framework indicator. You can see on the image below on which part of the cycle we are in on the weekly timeframe and how that matches up with the daily timeframe. According to our OE tables, we can see that there is a more than 40% chance since it is a phase 1 move that the weekly potential high will be taken and for the long move to continue further north. USDJPY(Short) E - 147.45 ISL - 146.10 T - TBC We will be tracking this move and updating the post as we go along on the charts and on video. Keep a look out for it traders. To understand our ideas and videos better,we highly recommend watching our following stream videos: 1.Trader Starter Pack 5 day video course Look on our channel profile or at our signature section to access it 2.7 steps to achieve consistent trading performance www.tradingview.com 3.7 steps for strategy construction www.tradingview.com
Long
by masterthemarkets2010