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USDCAD Long: Excellent Buying Opportunity To Take Now!USDCAD is giving us an awesome entry to go long. The trigger for this trade is an ending diagonal pattern (the wedge shape between the dotted lines). Why do we like this setup do much? A diagonal pattern is a sign of exhaustion. The choppy, shallow-sloped, overlapping price action is an excellent sign that price is weakening, and is due for a change in trend. Clear momentum divergences on the MACD and RSI support this idea as well. On top of this, the pattern comes at the very end of another pattern we love to see: an expanded flat (as outlined by the (A)(B)(C) labels). This gives even more confluence to our idea, as a flat pattern is one of the core corrective patterns we trade here at Parallax. Exactly how you enter is up to you. You can enter now, or wait for the highs around 1.2950 to be breached first. Regardless, the invalidation level for this trade is 1.2766; price must not move past that level for this wave count to remain valid. This trade setup was created using the rules and guidelines of the Elliott Wave principle. We love the Wave Principle: it's our #1 choice when it comes to forecasting and technical analysis. We strongly believe that no other trading system gives you the same level of confidence when trading. The wave principle provides a rules-based approach for trade entry and exit, as well as active position management. At Parallax, we focus on wave analysis and 1-on-1 education to build a foundation of skills that give our clients the edge. We trade Crypto, Forex (FX), and equities. We keep our analysis simple, clear, and easy to execute. Comment below if you would like to see more trade ideas, Elliott wave analysis, and market updates.
Long
by ImreSG
2
Daily analysis and trade setups on DAX Ger30 20220802*** Tradingview has hidden my analysis for August 1, 2022 because it contained a link to my twitter profile. *** This is likely to be relatively quiet day unless some news appears. Practically entire Europe is now in vacation mode. Volumes are very thin and hence ticks can be jumpy. DAX is on a retracement journey. So potential retracement levels are 13350, 13290, 13230 & 13140 If it breaks above 13450 and shows the momentum then next potential levels are 13580, 13690, 13780 and 13840 Macro: US Fed Evans Speech Today's pivotal level is 13400. It remains bullish on the day above that and bearish below Buy Break: 13440, 13495, 13530, 13570, 13610 Reversal: 13340, 13260, 13200, 13170 Sell Break: 13390, 13320, 13250 Reversal: 13500, 13610, 13720 Green goblin chart is here >>> Confluence chart is here >>>
OANDA:DE30EUR
by TradingIndian
Bitcoin Scalping Signal for Day Trading🖥️ We have determined there is a 65% chance Bitcoin will Fall from our current entry point. 📉 SHORT BTC - Entry Price : $23,810 📉 💵 Length of trade: we are expecting BTC to hit a $185 scalp, with a high end of $300, and a minimum expectation of $125. 📰 We see BTC hitting $23,640 at least twice in next 14 hours (we see it trying to go down, and retracing back to its starting point more likely, than staying at its dropping point), with possibly attempting a try down to 23,470. 🕰️ Duration of trade: we are expecting this to occur not within 4 hours, likely taking longer. We feel possibly over 8 hours of this signal, with a maximum duration of 14 hours . 📰 Generally Weekends can take a long time with 2 mini-spikes about $150-200 in both directions. We see a low end spike for $300 as a logical max some time early a.m. EST. Don't get Greedy on the Weekend Take Profits early and even if Small.
Short
by VirlVideo
Bitcoin Scalping Signal for Day Trading🖥️ We have determined there is a 60% chance Bitcoin will rise from our current entry point. 📈 LONG BTC - Entry Price : $23.920 📉 💵 Length of trade: we are expecting BTC to hit a $250 scalp, with a high end of $550, and a minimum expectation of $150 🕰️ Duration of trade: we are expecting this to occur within 6 hours of this signal, with a maximum duration of 9.5 hours . ❗📋 We have a Signal for BTC to hit a Scalp, where we feel a quick spike up $200-250 is probable. But we do see a possibility of this trade taking a while and hitting near $24,500 at New York Market Open in the morning. Sometimes trades go slow until then. ❗📈BTC hitting 24,150 - 24,250 sooner then later to test the resent daily high seems very probable. Bitcoin might reject at this place, or shoot through, but we feel will touch this point regardless.
Long
by VirlVideo
2
Daily analysis and trade setups on NASDAQ 20220725NASDAQ is likely to range between Blue zone B & C waiting for FOMC on Wednesday. Macro: Chicago Fed National Activity Index surprise may move it a little bit Looking for #scalper #trade #setups only Blue zone B, C, D are in play Buy Break: 12520, 12590, 12680, 12815, 12885 Reversal: 12360, 12290, 12210, 12160, 12040 Sell Break: 12360, 12300, 12260, 12180, 12140 Reversal: 12540, 12570, 12610, 12700, 12765, 12795, 12820 Chart with Green Goblins here >>> Chart with confluence here >>>
OANDA:NAS100USD
by TradingIndian
Idling in between Signals📰 We are currently in an Idling position - THERE ARE NO SIGNALS - all trades are currently closed as we are observing the charts, and active movements. We see reasoning for both a 200+ spike up, and both a retracement down to $22,400 BTC. We do slightly lean towards a liquidity claim down to $22,400 BTC - BUT statistics show NO advantage in either direction , so we are still objectively NUETRAL - with personal observations leaning towards the 22.4 liquidity claim. ❗ DO NOT TAKE THIS INFORMATION AS AN ENTRY ❗
by VirlVideo
XLM Trade SetupMarket has been green over the past three days ! so good to see these kind of rallies after a long time. Moving to the XLM chart ! here's the thing, the pattern you are looking in the above chart is known as cup and handle pattern. As we all know BTC had broken it's range high in which it had been traded from the past 28 days, adding to this XLM had broken this cup and handle pattern and coming back to retest the breakout area. Here's what i think, my final target calling is 11% up from hereon therefore target price falls under $0.119 to $0.123, when can you enter the trade? Ofc you can enter right now as it is trading at the local support but one thing to keep in mind is observe the volume if not you can wait for it to come towards the breakout zone, but make decisions accordingly and also not to mention that my stoploss is below the breakout area, i hope you know trade management so that if the breakout fails you can cut your losses. Note : Anything provided here is not a financial advice, trade upon your own risk.
Long
by Livermore_Jr
3
ADA Trade SetupCrypto Market is in consolidation phase lately, as we know during this consolidation phase more likely assets form either continuation patterns or trend reversal patterns ! Here ADA against USDT forming ascending triangle pattern, indeed we can have breakout either way but IMO the breakout is likely upwards and it's interesting to make note that BTC experiencing huge sell pressure as of now! Even though many ALTS are forming bullish patterns it's upto BTC to make them work. But like I said let's just not try to predict the market move, Let's just read the market and wait patiently for the market to make the desired move so that we can enter the trade.
Long
by Livermore_Jr
3
USDJPY Rally Slowing Down; Get Ready to Go ShortThe USDJPY rally has a bit more gas in the tank than we first thought. But the 5 wave impulse that we were tracking is developing nicely, and still appears to be running out of steam. Here is our updated analysis on the lower time frames: we have a 5 wave impulse that is nearing completion (at multiple wave degrees). And even better: what pattern appears to be developing? Another triangle! If you saw our previous post on this pair, you know that we love to see triangles on the chart, as they are indicative of a trend change. So in this case, we are expecting a small wave up to new highs, after which a swift reversal should occur. Price must remain above 138.56 for the triangle interpretation to remain valid. If this wave count plays out, we will have significant opportunities to go short this pair. Let us know what you think! At Parallax, we focus on wave analysis and 1-on-1 education to build a foundation of skills that give our clients the edge. We trade Crypto, Forex (FX), and equities. We keep our analysis simple, clear, and easy to execute. Comment below if you would like to see more trade ideas, Elliott wave analysis, and market updates
Short
by ImreSG
PCX Falling wedge and major trend looking to break bulliishHere is a Kucoin Banger for you folks, One thing I like to remind my students in our VIP group about these Kucoin spot trades (especially the coins with low liquidity) is to layer your take profit area's. Since Kucoin doesn't allow for a stop loss and a take profit to be placed parallel to each other on a single trade, its more important to have a stop loss in place and just put alarms at your TP zones and start closing some of the trade along the way when they go off. After the price action breaks above the top green trend line you are in a lot safer of an area to set your TP's and to remove your stop loss. This way if the TP's are hit while you are sleeping you can get your pro's. If you do set up your take profits on your trade, make sure to layer them with limit sell, especially with a low liquidity coin. This should help you actually get your orders filled. Major buy candles are coming in on this one, it seems to be in a clear wedge and bullish divergence coming in strong. Time will tell but, we also have a lot happening this month with a possible negative GDP for a second month in a row and officially starting a recession, the FED with another rate hike... likely to be .75bps and one the 13th we will have the inflation reports coming out from last month as well. Personally, I do see Bitcoin eventually decoupling from traditional markets and showing up to the party that it was made for the more and more inflation keeps getting out of hand. Have a green week my friends! Savvy
PLong
by Savvythe1
AUDCAD - Where to next?Happy Sunday! What I like to do on the weekend as the market is off, I analyse the market and various different assets LT & ST positioning, it will then be noted and I am ready for the week ahead. AUDCAD - It's brewing its one I did share and I am sharing it again on Trading view, it's a break to either direction, which makes great trade for next week! Be careful data wise regarding AUD. I've had questions regarding what it takes to become a trader? I will answer that here and I have answered that on my other posts and videos take a look but lot of people thinks its an over night change, they have large ego think they know it all when in reality it takes yrs of back testing your strategy, executing that plan precisely and then you got the psychology side in which people don't believe it exist but those that don't haven't really been in the game long enough. So, overall my answer is you aren't going to become a millionaire over night and you won't find many of the answers on various social media platforms either. For example one could say go buy X but they don't know what price to get in or even the reason why or stats behind it. There are great books based on various assets would be great start and then implementing strategy, that can be learnt by getting coached by real trader, yes it cost extern capital and when I mean real trader not those '3' days courses... There is not one set way of trading and that what makes trading amazing. Also, Bloomberg and CNBC IMO it's a throw off and doesn't help either it's same as trading signals, that doesn't help either. You got learn hard way to achieve great level of success and lower your ego and that is with anything. Lastly, yeah there will be people mocking you ' you want become trader' but it is possible when they mock, its just there large ego. Trading is bit like sports. Create your edge today! All the best, TJ
by Trade_Journal
MOUNT EVEREST TRADEThis is the Master Jedi Trade. There is genius in simplicity. The market has a cycle just like the seasons. The market always moves in angles and the software has pre determined areas that it will stop at to accumulate buy and sell stops to balance. The market balances more than it moves vertically. Therefore to simply buy at the top and sell at the bottom is a great framework to begin to build your trading strategies. This trade is formulated on this fact that when price and time meet they produce STRUCTURE indicated by wicks. Therefore when we see candle formations at these areas of structure notated by WICKS we can ANTISCIPATE the move before it happens. The market is all of the confluence you need to enter a very high probability objective trade and to build objective trade strategies to extract as many pips out of the move as it will give. The key to knowing when the market is ready to re balance is to study prior price action and look for areas where price has respected before. Macro Pivot Points. This trade will give you the WHOLE ADR or 2. That's why Pro Traders only need to trade once or twice a week. Compounding is Magic. Never over leverage. Always trust your trade set up. (But Be Flexible) Have Fun! I AM Pro Trading Made Simple
Short
by Master-Jedi-Trader