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The Market Behaviour on different market sessionAsia market session makes compression price, and the next session when UK session is expecting to manipulate the market. The last session US session is expected market to do the distribution/direction. The price is on the strong supply area waiting for the price to break resistance before or do the rejection on the supply zone.
100% TRADERS START WITH DREAM TO GET RICH QUICKHey guys! Do you agree with me?!
It's easy to become charmed by the prospect of making rapid money in the financial markets, yet trading makes almost no one rich – in fact, many individuals lose money*
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* 90% of traders losing money, only 10% get profits. Why?
Here is 3 reasons:
1) Most traders Enter A Trade Too Early
2) Most traders Exit Too Late
3) Most traders Don’t Follow a Risk Management
Here is list my tips to help you to get in profit:
Nifty50 Very bearish - Short call - PE18000Nifty 50 is very bearish -- Next week seem mark open with 200 points gap down.
So, option trader wait for call trade entry.
Open PE21000 position for swing trading week wise.
After every swing High you short this and book profit
Don't greed price go 17800 level In 3 months
For for chart update comment me in this post.
Volkswagen: Assessing Momentum and Potential Opportunities
Title:
Volkswagen: Assessing Momentum and Potential Opportunities
Analysis:
Hello Traders,
Volkswagen presents an intriguing opportunity as we assess its current momentum and potential for further gains.
XETR:VOW3
Volume and Momentum Analysis:
Volume trends suggest increasing market activity and growing confidence in Volkswagen 's price movement. This surge in volume aligns well with the ongoing upward momentum, indicating a potential continuation of the uptrend.
Technical Analysis:
The price action favours upward movement, with Volkswagen exhibiting strength in its bullish trend. Technical indicators support the notion of further gains, providing a positive outlook for traders.
Conclusion:
Given the supportive volume and technical signals, traders may find opportunities to capitalize on the upward momentum in Volkswagen . However, it's essential to remain vigilant and implement risk management strategies to navigate potential market fluctuations.
Don't Forget to Engage:
Please LIKE 👍, FOLLOW ✅, SHARE 🙌, and COMMENT ✍ if you found this idea insightful! Your engagement contributes to the community's knowledge and helps broaden the reach of valuable insights.
Trading based on this analysis carries inherent risks. Conduct your own research and consult with a financial advisor before making any investment decisions.
Happy trading!
Short Scralp Trade for GBP USD Success rate 85%Opportunity for Short scalp trade with a success rate of over 85%
The price is likely to hit TP 1 with a 85% chance, You can manage your position
Please note that all the information provided is based on personal opinion, and no responsibility is assumed for any outcomes."
GBPJPY SELL | Day Trading AnalysisHello Traders, here is the full analysis.
Watch strong action at the current levels for SELL . GOOD LUCK! Great SELL opportunity GBPJPY
I still did my best and this is the most likely count for me at the moment.
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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💰
EURUSD|Weekly road map and important areasHello friends, I hope you are doing well.
Continuing the previous analysis of EURUSD, so far as we expected, it weakened and managed to break the 4-hour support area downwards.
The next demand area is around (1.078-1.08) , the areas that we can consider to enter selling positions, the first was the support area that was broken, now it is preventing the price from rising as resistance.
The next supply area is the range (1.093-1.095) , and when the price reaches these areas, you can enter selling positions by getting confirmation.
In the future, if I identify a situation, I will let you know in the updates.
My target for the EURUSD price is the support level of 1.078
GBPCAD Sell Trade Idea , GBPCAD Short trade idea. GBPCAD Sell Trade Idea
The major resistance point of 1.71000 has already been tested by the market, and we will now see clear changes in case we find some price rejections over their major point of 1.7100-1.7123.
Trade Setup Idea:
GBPCAD Selling Zone: 1.7100-1.7123
Stop Loss: 1.71311
Take Profit1: 1.7068
Take Profit2: 1.7050
Take Profit3: 1.7020
Take Profit4: 1.6990
Note: Please follow the money management plan and risk-reward ratio.
Must follow the price rejections and price movements of the pound index.
RECOGNISING CHART FORMATION 🧠Hello Traders!
In this post, I want to present how important is to recognize chart formation, set up correctly resistance levels, and find a good position to execute the trade.
For better practice, I will recommend analyzing the history of any chart and trying to search for resistance levels, order blocks, and breakout points, and anticipate a good position for trade execution.
This exercise will help us to have better visibility of the chart and will help us to anticipate future movements.
Keep in touch!
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🔥 GPBUSD BEARISH ANALYSIS 🎯🔥✅Hello traders what do you think about Gpbusd)?
traders 1h tame frame see a bearish pattern channels breakout. rsl retet 1.26393
Down 👇 support levels ✅
1.25222 now waiting. Same time
Dollar steady as traders weigh labour data; yuan eases
Dec 6, 202311:22 GMT+5
The dollar was near a two-week high against a basket of currencies on Wednesday as investors assessed U.S. economic data that showed a cooling labour market, while wagering the Federal Reserve will cut rates next year.
The spotlight in Asia was on China, where the yuan extended losses as markets grappled with rating agency Moody's cut to the Asian giant's credit outlook.
The dollar index
DXY
, which measures the U.S. currency against six rivals, was 0.029% lower at 103.93, having climbed 0.3% overnight. The index is up 0.5% this month, after sliding 3% in November, its steepest monthly decline in a year.
Data on Tuesday showed U.S. job openings fell to more than a 2-1/2-year low in October, the strongest sign yet that higher interest rates were dampening demand for workers. Data also showed there were 1.34 vacancies for every unemployed person in October, the lowest since August 2021.
Moh Siong Sim, currency strategist at Bank of Singapore, said the data indicated that the cooling of the labour market is on track. "It puts a lot of focus now on the non farm payrolls this Friday."
The November jobs data will provide further clues on the labour market ahead of the Fed's policy meeting next week
Fed officials are now in a blackout period ahead of the U.S. central bank’s Dec. 12-13 meeting, where a key focus will be the updated projections of where they see rates at in 2024.
Dollar steady as traders weigh labour data; yuan eases
Dec 6, 202311:22 GMT+5
The dollar was near a two-week high against a basket of currencies on Wednesday as investors assessed U.S. economic data that showed a cooling labour market, while wagering the Federal Reserve will cut rates next year.
The spotlight in Asia was on China, where the yuan extended losses as markets grappled with rating agency Moody's cut to the Asian giant's credit outlook.
The dollar index
DXY
, which measures the U.S. currency against six rivals, was 0.029% lower at 103.93, having climbed 0.3% overnight. The index is up 0.5% this month, after sliding 3% in November, its steepest monthly decline in a year.
Data on Tuesday showed U.S. job openings fell to more than a 2-1/2-year low in October, the strongest sign yet that higher interest rates were dampening demand for workers. Data also showed there were 1.34 vacancies for every unemployed person in October, the lowest since August 2021.
Moh Siong Sim, currency strategist at Bank of Singapore, said the data indicated that the cooling of the labour market is on track. "It puts a lot of focus now on the non farm payrolls this Friday."
The November jobs data will provide further clues on the labour market ahead of the Fed's policy meeting next week
Fed officials are now in a blackout period ahead of the U.S. central bank’s Dec. 12-13 meeting, where a key focus will be the updated projections of where they see rates at in 2024.
Traders have priced in 99.7% chance of the Fed standing pat next week but a 56% chance of the central bank cutting rates in March, according to CME's FedWatch tool. They have also priced in at least 125 basis points worth of cuts next year. (FEDWATCH)
Mitra said there could be a snapback should the Fed drive home the message more forcefully that it is not about to cut rates anytime soon.
GBPUSDAfter yesterday's impulsive movement, the price, without touching the PDH, started moving in a short direction on the lower timeframe. On the chat, I noted liquidity work (covering imbalances, working with fractals). It's important to note that the context on the hourly timeframe remained unchanged despite the emergence of short movement.
Tomorrow, I am ready to work in both directions—both short and long—since an sufficient number of imbalances has not been covered yet. However, there are also higher targets, such as equal highs and the absence of work with PDH.
On the second chart, I provided an example of the current price movement from a higher timeframe to a lower one, as traders often make the mistake of incorrectly identifying the context
Tesla entered the Golden ZoneTesla is ready for another leg up: - NASDAQ:TSLA
Technical Reasons:
Tesla has entered the golden zone - between the 0.5 and 0.18 Fib retracement
Money Flow Divergence on the daily
Commodity channel index divergence on the weekly
Stochastic Momentum switch on the daily
Already +- 5% off the lows which shows buyer are stepping in
RSI is exiting oversold territory
Fundamental Reasons:
Tesla had a +- 35% correction after missing expectations - This has now been priced in
Tesla Cyber Truck rollout commencing this quarter
Growing EV penetration vs Ice vehicles
Growing demand and margins in the energy storage side of the business
Continued expansion of production capacity (Mexico factory has the go-ahead
Continued investment and breakthroughs in real-world AI
Overall robust financial performance and cashflows
Obviously the potential for infinite returns due to Tesla's Optimum humanoid robot**
Trade setup
Pending a confirmed breakout
Entry between $204 to $209
Take Profit 1 - $230 - which will start filling the gap
Take Profit 2 - $242 - which will complete the gap fill
Take Profit 3 - $267 - previous swing high
Once TP1 hits - move stop-loss to break even for a risk free trade
Good Luck
SPX 1MONTHMonthly timeframe: We received a reaction from the imbalance zone at a price of 3600. It's worth noting that throughout the entire last year and this year, we have been in a long (corrective) context. The logical target could be the maximum of the year 2021. Invalidating the long context would be possible if the price drops below 3200 with confirmation.